Bankroll Beats Picks

[Findingnemo]

Who can relate to this?

Sometimes we don’t lose because we are bad at picking sides but we lose because we are bad at controlling our emotions.

I just want to share this from experience, there was one night where I was up big, like really lucky, and I started thinking maybe I was actually good at this. I was betting on sports and let’s say I made 10 bets, around 8 of them won. That’s like 80% win rate, so you would think I was doing good.

But the mistake came after one loss.

Instead of stopping or lowering my bet, I chased and then when that chase lost, I went all in, and of course, everything got busted.

That’s the sad part. You can win 8 out of 10 or even 8 out of 12 and still end up with nothing, just because you don’t know how to manage your bankroll and emotions. So maybe the real skill in gambling is not just picking the right side, but knowing when to stop.

I guess you are talking about 8 single bets that you won consecutively and lost the 9th one that costed you much because you kept betting all the money you won from your previous bets?

Sports betting is not the same as a casino game, in sports betting you can have 95% win rate and you can still los,e which is possible when you pick the safe games that only gives very low odds, meaning potentially very low reward.

Bankroll management is necessary but you can\t always pick the obvious ones as well if you are thinking about multiplying your bankroll or you just happy with you won 8 out of the 10 games that is some kind of satisfaction though.

[mirakal]

We all know gambling can evoke strong emotions, whether we are at winning or losing streak. And if we are weak, these emotions can easily deceived us that would result into poor decision-making until losing everything we have. So just like what OP shared, even if we are winning most of our bets, that won't makes sense in the long run because we are gambling while trying to satisfy our emotions, and not because we just want to make profits and simply walk away from it.

In addition, if you don't have bankroll management, winning won't still be making sense. Why? Because you're still up for a loss by not practicing setting aside a specific amount of money for gambling and fail to control how much of it can be risked every time you decide to bet.

[serjent05]

Who can relate to this?
..snipped

I can also relate to this. I also have the same experience, not sports betting, but slots. I was also up and able to multiply my initial bankroll to 6x and the same feeling, I feel that it was a lucky night for me, and feels like I'll win in every bonus buy.  But all of a sudden, the bonus buy started to give poor results, and I got triggered and started to chase losses, increasing my bet size, then after a series of losses, my bankroll got emptied out.

In gambling, it is really important to have a bankroll management system and be smart enough to identify when to stop.

[Hispo]

Who can relate to this?

Sometimes we don’t lose because we are bad at picking sides but we lose because we are bad at controlling our emotions.

I just want to share this from experience, there was one night where I was up big, like really lucky, and I started thinking maybe I was actually good at this. I was betting on sports and let’s say I made 10 bets, around 8 of them won. That’s like 80% win rate, so you would think I was doing good.

But the mistake came after one loss.

Instead of stopping or lowering my bet, I chased and then when that chase lost, I went all in, and of course, everything got busted.

That’s the sad part. You can win 8 out of 10 or even 8 out of 12 and still end up with nothing, just because you don’t know how to manage your bankroll and emotions. So maybe the real skill in gambling is not just picking the right side, but knowing when to stop.

That pretty much only applies in the case of betting in sports and not when comes to casino games, though, because on casino games it does not matter how much you control your bankroll, in the long term you are set to lose your money (thanks to the edge of the house).

What happened to you it is very unfortunate, indeed, at least you are taking it as an important lesson so you can improve your strategy and your bankroll management in the future.

I cannot say the same thing has happened to me,.though, because I have never had such a winning rate while betting in football or baseball matches. I would have not stopped either because greed would have also taken over my common sense.

Do not be so rough on yourself, as this is something which the 90% of bettors would have experienced.

[knuckey]

From what I read in your writing, it seems like you need more experience in gambling. You're still emotionally driven and overly ambitious about the losses you've experienced. This is actually bait to keep gambling. Your psychology has been successfully trapped. You'll lose luck next. I've seen this happen many times, and even experienced it myself.

[Ever-young]

From what I read in your writing, it seems like you need more experience in gambling. You're still emotionally driven and overly ambitious about the losses you've experienced. This is actually bait to keep gambling. Your psychology has been successfully trapped. You'll lose luck next. I've seen this happen many times, and even experienced it myself.

The moment that a gambler starts letting their actions to be decided by their emotions, they become very vulnerable, gambling is no longer for entertainment or leisure as it is meant to be. At this point, even the smallest loss feels impossible to let go, as the gambler would be forced to engage in a chase. This is a common occurrence in gambling. This is why gamblers who want to retain their sanity should do all they can to keep their emotions in check.

[freedomgo]

From what I read in your writing, it seems like you need more experience in gambling. You're still emotionally driven and overly ambitious about the losses you've experienced. This is actually bait to keep gambling. Your psychology has been successfully trapped. You'll lose luck next. I've seen this happen many times, and even experienced it myself.

Thanks that you can relate to this. In terms of gambling experience, I think I already have more than 10 years, but that does not automatically make me disciplined enough to fully control my emotions. Not saying I am like that all the time, but there are really moments where I still make mistakes and get emotional. So I guess experience does not guarantee that a bettor will become fully disciplined.

I’m just posting this here because I also want to read other people’s experience and how they handle that kind of situation, especially when emotion starts to affect their decision making.

[Orpichukwu]

This was as a result of your greed and lack of self-control. Your confidence level was so high that you felt like you had discovered a loophole, but you could have also stopped after you noticed that the game was no longer going in your favour, but your inability to accept losing what you had already won pushed you to go all in. It was a situation of 'If you win, you recover, and if you lose, you just have to leave, log off and close for the day.' 'I have been in such a situation before, and I have learned from it.

[Crypto_Timothy]

Sometimes we don’t lose because we are bad at picking sides but we lose because we are bad at controlling our emotions.

Its so real to hear someone else say these words. I mean, i can remember thinking gambling isnt so difficult, its just our human nature for greed that is usually what turns gambling dangerous, because you cannot control yourself, to be honest, it takes a great deal to be able to recognize the patterns, let alone do something about it. Funny enough i came remember this feeling coming from somewhere else as well, when i lose a gamble, i usually "lock in" to chase and get the money back but obviously i just ever up losing more, same thing happens when i lose a star when playing mobile legends, i chase the win but i just end up calling it quits at 4am in the morning after losing more stars.
It seems controlling our emotions isnt something specific to just gambling but a knowledge that needs to be applied to every other thing we do.

[salad daging]

That’s the sad part. You can win 8 out of 10 or even 8 out of 12 and still end up with nothing, just because you don’t know how to manage your bankroll and emotions. So maybe the real skill in gambling is not just picking the right side, but knowing when to stop.

Never gamble with emotions because you'll always have a sad end. The ones who can control their emotions and never go all in are the ones who withdraw money. Those who get affected by greed will never take anything but losses only. So next time it's better to set a fix value for each bet and try to win more bets instead of going all in.

Gambling with emotions always ends tragically, not the victory that is obtained but sadness and regret for having gambled with emotions.

Managing a winning bankroll is an important part of the gambling strategy, even choosing a single bet of 8/10 is a good thing, but risking all the bankroll in one bet will be tragic if it is unlucky then everything will be lost.

How I once felt this, still in the conclusion I regret and do not want to repeat it again.

[Fivestar4everMVP]

Who can relate to this?

Sometimes we don’t lose because we are bad at picking sides but we lose because we are bad at controlling our emotions.

I just want to share this from experience, there was one night where I was up big, like really lucky, and I started thinking maybe I was actually good at this. I was betting on sports and let’s say I made 10 bets, around 8 of them won. That’s like 80% win rate, so you would think I was doing good.

But the mistake came after one loss.

Instead of stopping or lowering my bet, I chased and then when that chase lost, I went all in, and of course, everything got busted.

That’s the sad part. You can win 8 out of 10 or even 8 out of 12 and still end up with nothing, just because you don’t know how to manage your bankroll and emotions. So maybe the real skill in gambling is not just picking the right side, but knowing when to stop.

I understand your point completely and you are absolutely correct, if luck hits us so good that we won a millions dollars for example, this money may not last up to a year or two years when and or if the winner lacks proper control of their self which several gamblers have become a victim of today.

Every gambler as a matter of utmost importance must learn to subject their self in their control, this is just as good as having the ability to pick and predict on good games that has high potential for making good profit. But if after winning and making the desired profit and we lack self control, then it will only take a few number of bets before the gamblers ends up with empty bankroll again.

[Floxynice]

Who can relate to this?

Sometimes we don’t lose because we are bad at picking sides but we lose because we are bad at controlling our emotions.

I just want to share this from experience, there was one night where I was up big, like really lucky, and I started thinking maybe I was actually good at this. I was betting on sports and let’s say I made 10 bets, around 8 of them won. That’s like 80% win rate, so you would think I was doing good.

But the mistake came after one loss.

Instead of stopping or lowering my bet, I chased and then when that chase lost, I went all in, and of course, everything got busted.

That’s the sad part. You can win 8 out of 10 or even 8 out of 12 and still end up with nothing, just because you don’t know how to manage your bankroll and emotions. So maybe the real skill in gambling is not just picking the right side, but knowing when to stop.

This same thing happens to gamblers after beginner's luck. You already know that feeling when you begin to feel like everything is so easy like, why are people saying gambling is hard? Not until you see yourself losing everything just because you kept gambling over and over again just to experience that easy win again. That is why people think that beginner's luck is very dangerous because of the impact it has on the gambler.

This is not just about beginner's luck, many gamblers would have been just fine if they didn't let their emotions dictate some things for them. Gambling is best when you know when to stop.

[Sonia_123]

That is why we need to control our emotions when gambling and not allow our emotions to take full control of us. Also chasing your wins when gambling is a bad ideas, for someone that has won eight rounds out of ten rounds and still lost everything back shows greed, I would have walk away with what I have won or let's say try to win more but after the second trial he should have stop and walk away.

[OsaiEmma]

Who can relate to this?

Sometimes we don’t lose because we are bad at picking sides but we lose because we are bad at controlling our emotions.

I just want to share this from experience, there was one night where I was up big, like really lucky, and I started thinking maybe I was actually good at this. I was betting on sports and let’s say I made 10 bets, around 8 of them won. That’s like 80% win rate, so you would think I was doing good.

But the mistake came after one loss.

Instead of stopping or lowering my bet, I chased and then when that chase lost, I went all in, and of course, everything got busted.

That’s the sad part. You can win 8 out of 10 or even 8 out of 12 and still end up with nothing, just because you don’t know how to manage your bankroll and emotions. So maybe the real skill in gambling is not just picking the right side, but knowing when to stop.

That's the crazy psychology in gambling, the moment u have a slip off u start reacting to emotions. Most people loose more money d moment they experience their first loss, because they will start chasing that loss and immediately start losing more, it's like a dog chasing their tail.

Self discipline is like the answer to it all, once ur self disciplined and know when to stop, not just knowing, but are disciplined enough to stop then, then ur actually a step ahead other gamblers.

[Ishicryptic]

You have control over your bankroll but you don't have control over the outcomes of your picks so if you figure both of them out you will realize that bankroll management is more effective because you get to decide how much you are comfortable to stake. You don't know how every game will end, if you do you will use all your money to stake, since you don't know that is why you should apply bankroll management. People get addicted in gambling because they cannot control money and time spent on gambling not really because they win or lose so if you don't control your win and lose it makes sense control what you can which is your money and time.

[freedomgo]

You have control over your bankroll but you don't have control over the outcomes of your picks so if you figure both of them out you will realize that bankroll management is more effective because you get to decide how much you are comfortable to stake.

This is the reality, but sometimes we really become too overconfident with our pick. From the beginning, we want to stay disciplined and follow the right bankroll management because that is already the plan, but sometimes we lose that discipline because we think this certain game is the one where we should cash out big.

That has happened to me many times actually, and even until now I am still learning from it. Confidence is good, but once it makes us increase our stake beyond the plan, that is where the real problem starts.

[Dr.Bitcoin_Strange]

This was as a result of your greed and lack of self-control. Your confidence level was so high that you felt like you had discovered a loophole, but you could have also stopped after you noticed that the game was no longer going in your favour, but your inability to accept losing what you had already won pushed you to go all in. It was a situation of 'If you win, you recover, and if you lose, you just have to leave, log off and close for the day.' 'I have been in such a situation before, and I have learned from it.

That's just the truth, gambling is not an investment and it's not a business or an activity that produces a consistent positive result, the outcome is always uncertain irrespective of whether the game is is based on luck or skill. So, the reason why most of us (I'm a victims myself) always experiences what OP had experienced is because, at that moment that we are carried away by our emotions, we fail to remember that gambling is just a game of luck.

[Judith87403]

You have control over your bankroll but you don't have control over the outcomes of your picks so if you figure both of them out you will realize that bankroll management is more effective because you get to decide how much you are comfortable to stake. You don't know how every game will end, if you do you will use all your money to stake, since you don't know that is why you should apply bankroll management. People get addicted in gambling because they cannot control money and time spent on gambling not really because they win or lose so if you don't control your win and lose it makes sense control what you can which is your money and time.

Bankroll and time management is what one can actually control, because when one is able to control them or balance them properly, they won't be able to be tempted to addiction and even if they are tempted, they can be able to overcome it, as they are already know what its involved in gambling and since they can tell what their picks might be, they know what that their outcome is a 50/50 game and being aware of this, makes them not to fall into the traps, as their focus is to have fun and not to double their money.

[Moreno233]

Bankroll management is very important and determines how long a player last in the business but being able to make good picks plays very important role in gambling and such role cannot not be disregarded. If you make good picks, it will have positive effect on the bankroll and vice versa, this is why picks is as important as the bankroll. I don't want to go into the argument of which is more important because both must be in place before a player can meet gambling targets.

[Leahized]

That is why we need to control our emotions when gambling and not allow our emotions to take full control of us. Also chasing your wins when gambling is a bad ideas, for someone that has won eight rounds out of ten rounds and still lost everything back shows greed, I would have walk away with what I have won or let's say try to win more but after the second trial he should have stop and walk away.

Controlling yourself is more important than controlling your emotions while gambling. A gambler can make wrong decisions on emotion but can handle the situation easily if he has self control. Even when to stop or take a break from gambling. And even after those gamblers win more money, they continue to gamble because they are not satisfied with that money. And finally lose all money including budget. However, sometimes it happens to me, but not a lot of money because I use very little money for fun. But those who bet on regular gambling after repeatedly losing money, they can never control themselves. Because those gamblers are addicted or on the verge of becoming addicted.