Bankroll Beats Picks

[Bright0515]

I believe that so long as you are in control of your emotions you will also know when to bet and when to stop, you will also know how to implement bankroll management while gambling. Honestly, our emotion is really the problems we all are having as a gambler but the simple truth is that if you are in control of your emotions you will not be able to chase after your losses as a gambler. 8/10 bets is really a good win but because you stake again and lose creates room for emotion to be in control.

[Orpichukwu]

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.

Both a good bankroll management and making good picks are equally important for a gambler, but in their own way. While a good bankroll management can help a gambler avoid the temptation of jumping right into a losing streak and draining out their bankroll too quickly, making good picks on the other hand helps or gives the gambler a chance to grow their bankroll, but I think bankroll management should be prioritized more because even the best analysis can fail most of the times, so without a good bankroll management system in place, no matter how much the gambler is able to make at the end of the day, he may still end up losing it all in a twinkle of the eye.

[Fortify]

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.

Bankroll has nothing to do with whether you are picking the correct side or not (when talking about games of pure chance). In most discussions about bankroll, where it's actually something you have control over based on skill - like poker, then the advice is to leave the session once you're down 5-10 buy-ins. That protects you from going on tilt where you're making bad decisions because your emotions take over as you try to reclaim lost funds, which if you're playing correctly were just lost due to normal variance. There's not really much point about talking about bank roll when you don't have a chance to beat the house due to the game you're playing.

[promise444c5]

That’s gambling for you.. it can be the opposite, that is, lose upto some amount then eventually get a winning streak that will  not only recovers but gives you even some profit.. you can just predict when .

Having plans on how you spend could help prevent what you describe, although you can’t tell if you will get some luck before taking a break but at least, you get to keep some profit.. Luck can’t be predict as I’ve mentioned, it could be on your side the next time you give it a try again.

That title doesn’t suit what’s being discussed on this thread btw.

[AVE5]

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.

Honestly I can only imagine to but as much as I haven't really find myself in the shoe, I'd doubt it's true.
The only thing I cares about controlling my emotions is to accept my lost and controls my excitement if I'm lucky to win.
I've also been in control of my emotions after learning my lessons in the hard way as a beginner then but yet I still keep loosing more than my wins.
To me controlling emotions is best necessary for risk management and not to pursue winning.

[justdimin]

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.

To be fair if you do martingale and keep losing that is going to break you. The fact that you can do martingale and be up a lot sometimes is true, you can do it and get lucky and keep on winning which is impractical and until you realize this, you may keep trying martingale and vaporizing your entire bankroll.

But, one big streak of losses means that you are going to break your bankroll very easily and be out of money. This is why it is highly suggested that you do not chase losses, if you lose then you lose and it's time to get back to zero and do again, do not chase it and start betting bigger, just be calm about it.

[nelson4lov]

We share an almost identical story. At some point in 2024, I focused solely on single bets and had my best gambling run so far even though it wasn't anything that big but it was still my best form and I was grateful for it. During weekends when there are hundreds of football matches, i usually just focused on 1 team and 1 team alone and then I bet a sizeable amount into it. This worked well for me and I had winning streak and my bankroll and bet sizes grew bigger because of my winnings. Well, everything was lost since shit hit the fan when the team I backed lost and I doubled down on another team to recover and that's when I lost it all.

[Asiska02]

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.

Knowing when to stop and applying better financial management is the best way you can approach this gambling market and still end up being profitable in the long run. The odds are mostly not against us all the time, but we make everything seem to be against us just because of one mistake. Gambling is a game of luck and when you don’t know how to handle the luck of winning when it comes, you can use it against yourself and still lose big. Learn financial management and skills in gambling, you’ll at least have an edge over the market and not be on the losing side forever or all the time.

[Sonia_123]

Without bankroll there will be no picks it remains the ultimate in gambling, bankroll helps you know how much games you will be playing and it gives you insight of the number of games to pick since bankroll measures and controls your game.

In gambling bankroll management help you control excess and unwanted spending and prevents addiction.

[STT]

To be fair if you do martingale and keep losing that is going to break you.

That strategy or any similar would break even a good bankroll and prove bad picks can be everything if the strategy used is that bad.   Nothing will work if the ideas like doubling bets constantly is allowed into active play.

The only safe place to use an idea such as that is test play, not real bets.  There at least you can learn or get a feel for the chances this even works in your favor.   Only an infinite virtual bankroll is the right match for such a test.   Any normal play you need to know already how fast your usage will be, so a known good plan to betting is most important of all.

[tabas]

So maybe the real skill in gambling is not just picking the right side, but knowing when to stop.

I agree. It's not about how much you're winning, how good you are in picking bets. But it is when you're already in that peak of your day and you have to stop. Because it's hard to convince ourselves when we're winning and that mindset stays with us saying that we're lucky on this day and why should we stop? I think that's the essence of being lucky, being able to bag some money that you've been trying to goal for that day or even for a week. Stopping and control ones emotion is hard and that's why you have to pick what should be hard for you, it's harder to quit when you've won and all that you've won has been taken back by the casino beating you.

[AmoreJaz]

Without bankroll there will be no picks it remains the ultimate in gambling, bankroll helps you know how much games you will be playing and it gives you insight of the number of games to pick since bankroll measures and controls your game.

In gambling bankroll management help you control excess and unwanted spending and prevents addiction.

Definitely, you need bankroll management for you to keep track of your financials. Without it, I would say, you will likely have financial troubles. And it is easy to put yourself in a rabbit hole if you do so. So I would say, better not put yourself in that position before you regret about your decision.

[Joy- maker]

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.

Frankly speaking, knowing when stop is what most gamblers find difficult.  Gamblers need to know when to stop gambling and wake away, otherwise they could end up losing all the winnings.  Greed is one thing that make gamblers not to walk away after winning 8 out of 10 bets because they start feeling that they know the game.

I have been in this kind of situation where I was constantly winning in virtual games,  instead of walking away after winning a good amount of money I started feeling like I now understand the game.  It was when I lost everything I realized that I knew nothing that it was just my lucky day not because I knew the game.

[terrific]

I have been in this kind of situation where I was constantly winning in virtual games,  instead of walking away after winning a good amount of money I started feeling like I now understand the game.  It was when I lost everything I realized that I knew nothing that it was just my lucky day not because I knew the game.

That's overconfidence of what you felt at that time.
IMHO, stopping at the right time can also be considered as a skill nowadays.
Because if a gambler doesn't have that, he's going to lose from time to time despite being lucky and winning most of their bets.
When they don't know when to stop, they're wasting everything and that's why if someone knows when to stop.
They're skillful in that manner and I think that all of us are going to agree with that because it's becoming hard to stop when we're in that situation of being overconfident.

[Victorybit1]

I believe that so long as you are in control of your emotions you will also know when to bet and when to stop, you will also know how to implement bankroll management while gambling. Honestly, our emotion is really the problems we all are having as a gambler but the simple truth is that if you are in control of your emotions you will not be able to chase after your losses as a gambler. 8/10 bets is really a good win but because you stake again and lose creates room for emotion to be in control.

The desire to continue and chase the wins is always what gets the emotions kicked in and human nature is designed in such a way that one must always try and find a way to continue winning even if the wins are of average the thirst to continue will not stop and with gambling there is absolutely no guarantee of a steady win always so when the losing spree starts there is always a big problem with emotion control which can make the gambler even go crazy with his bankroll.

[batang_bitcoin]

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.

This is a mistake and dilemma of most of the gamblers. When we're already winning for most of the bets we've made, we're not thinking of stopping or slowing down our bets. We think that the luck is with us and there's no way that we'll be defeated. Until we start to chase everything and adds more to the damage that we've made instead of enjoying the profits that we should have. It all piles up together until we're in the late time of realizing that we've made such a huge mistake that we should have gone and withdrawn the profits but we didn't.

[Sandra_hakeem]

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.

You actually were doing well, doesn't matter what I think.

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'm confused on how you tell a tale like this. How do you know exactly how something is going to end, instinctively or from your previous experiences but you still go ahead to do it anyway? How many times have you been tricked by your intrusive thoughts into chasing and you keep falling for it? "A bird in the hand they say is worth two in the bush". Not like you've learned your lesson this time around, high tendency that you'll repeat the same mistakes; Greed, that's your major problem!

[junder]

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.

Actually, there are many things to keep in mind when gambling and one of them is time management. We need to know when to stop whether we’re winning or losing, deciding to stop is always the right choice.
What you’re experiencing is an example of our inability to manage our emotions and finances, and you’re not alone in this it seems that many others out there are going through the same thing.

[CryptoHeadlineNews]

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.

Yes, you are 100% correct on what you just said above how our ability not to handle emotions well, plays a major role in determining if our gambling session will end as a success or failure. Because to be honestly speaking, there have been many gamblers who after encountering similar scenarios thought it was their lucky day and kept gambling, not knowing that sometimes winning is rare, and if you are opprturned to win once, that doesn't guarantee that you will always win whenever you place a bet on the same exact game played. And not only in gambling does managing our emotions matters, but also in all fields of life and the way you relate with others.

[Strongkored]

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.

Self-control is important, but no matter how well and how strong we control ourselves, there will always be times when we lose control. This can be influenced by other things, not just the results. For example, when we are relaxed, we gamble for too long, or when we are stressed, we escape through gambling.