Bankroll Beats Picks

[suzanne5223]

I can relate to what you explain about the bankroll beats picks, and I see it as something I learned to control through a hard lesson. Nevertheless, I consider it to be overbetting through greed.
Before I could learn how to put it in check, I had to stop gambling for weeks, and later start gambling again when I believed I had enough capacity to control it, because it's one of the things that leads to gambling addiction.

[Merit.s]

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.

Bankroll management is the best gift any gambler will seek for because that's what will decide if you have self control and can also control your emotions. Anyone with good bankroll management will live a healthy gambling life because he will always stop the game at the right time irrespective of the outcome of his session.

Yea, it's easy to mess things up for yourself if you cannot manage your bankroll because you will start gambling with money for your important needs.

[Odusko]

I can relate to what you explain about the bankroll beats picks, and I see it as something I learned to control through a hard lesson. Nevertheless, I consider it to be overbetting through greed.
Before I could learn how to put it in check, I had to stop gambling for weeks, and later start gambling again when I believed I had enough capacity to control it, because it's one of the things that leads to gambling addiction.

Greed and emotions are one of the major causes of losing when you have had early winnings. If you have good bankroll management and laid down principles that discipline your gambling decisions, you can easily escape such possible traps caused by emotions and greed. Knowing that gambling is a game of luck and that your winning is not guaranteed, no matter your experience or approach, shapes how you feel and relate to such early winnings.

[danherbias07]

That had always been a problem for me.

When it comes to the sports that I love, I am always biased. No bullshits.
I love teams that I have been following for a long time, like the Detroit Pistons championship team with Rip, Chauncey, R. Wallace, B. Wallace, and Tayshaun Prince. know the first five names because I became a legitimate follower of them.

When it comes to other friends, they are stuck with what they do, which is picking the right team and not being emotional. That's why they win most of their bets.

[Crypto Library]

I will say here that the real skill in gambling is that understanding that there was no skill and strategy what will work on gambling to give gurantee on win. I basically believe that even if someone does a good bankroll management, he will not be able to avoid losses. But the most important thing here is that if he keeps bankroll management according to certain rules, even if he actually faces losses in gambling, it will not create any financial crisis for him. But those who gamble without bankroll management often face financial crisis situations. So Bankroll management should be given importance.

 

[stadus]

I will say here that the real skill in gambling is that understanding that there was no skill and strategy what will work on gambling to give gurantee on win.

You don’t need a skill for that because anyone can do it, even kids. It is not really a skill, it is just a matter of convincing ourselves not to take the risk because we don’t believe it is possible to win in gambling.

But when you say gambling, that is broad. Not all gambling gives us a chance to win in the long run, especially those games with house edge. I think sports betting should be treated differently because we are the ones choosing the odds, and if we do value betting successfully, then that proves it is possible.

[Orpichukwu]

I can relate to what you explain about the bankroll beats picks, and I see it as something I learned to control through a hard lesson. Nevertheless, I consider it to be overbetting through greed.
Before I could learn how to put it in check, I had to stop gambling for weeks, and later start gambling again when I believed I had enough capacity to control it, because it's one of the things that leads to gambling addiction.

With the experience of people shared on this thread, it's safe to say that most gamblers have been punished by their own greed before, which leads to losing. They did not just learn how to control greed without a solid lesson to help them be on the right track; winning on a streak without having experience of game-changing can make a player feel like they are the owner of the table.

[Accardo]

Bankroll management is the best gift any gambler will seek for because that's what will decide if you have self control and can also control your emotions. Anyone with good bankroll management will live a healthy gambling life because he will always stop the game at the right time irrespective of the outcome of his session.

Yea, it's easy to mess things up for yourself if you cannot manage your bankroll because you will start gambling with money for your important needs.

When a gambler chooses to chase losses, management stops there, what follows is a detriment and lastly regrets. The abnormality of going after what has already been lost, is coming out as normal to most players, if not looked into, a huge number of gamblers would go on and on as victims to loss chasing. Which wont be helpful for a lot of people. Bankroll management is vital, but getting to work on it is tough and unrealistic to these kind of gamblers, the control is so beyond them that such a strategy of holding back money come to be difficult. Hence, before working on bankroll, self control should be a foundation to work on first, so as to delay the urge of going after a loss whenever it sprouts out.

[tread93]

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.

Always knowing when to stop is key! I have had some really fun cruise stories ive shared over the years (usually its the same story lol) but I have a new story to tell today! On my 10 year anniversary I gambled with my wife for fun and we won some. We ended up losing half as much as we wagered when we went in there so we joked that we did half as bad as we thought we would hehe. At one point we were up nearly 100 USD but my wife hit a slot that finally paid off on our 2nd to last pull 😅 and it hit! Man was that so fun to share with my spouse, it was special because we have never actively gambler together other than small superbowl chart or cube form bets whatever you call those squares

[Nrcewker]

Knowing when to stop is definitely the key to maintaining a positive net balance. Whether it’s gambling or trading, knowing when to stop plays a very important role. I understand, OP, that keeping control of yourself when winning big is a tough task, but it all comes down to an individual’s mindset and willpower. The best approach is to set daily profit targets and daily loss limits. Don’t continue gambling once you reach a certain profit amount, and stop if your balance drops below a certain level. This is the most practical and safest way to gamble without losing your entire bankroll.

[LastKiss]

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.
~snip~

At first you become overconfidence because you’re on a winning streak. If we can’t control our emotions during winning or losing streaks, feelings like overconfidence and greed can appear. When you believe that it’s your lucky day you keep playing instead of stopping and calling it a day. Then, when you lose you still feel like luck still on your side, so you become greedy with your bet but in the end, you lose and regret it afterward. It’s really important to stay disciplined and know when to stop because if we become careless even for a second, the consequences can be bad

[rbynxx]

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 think when it comes to the emotion part, having a lot of bets or doing these parlays will definitely make you lost in one go. Been doing that in the past and I will never do it again, I'm happy to have 1-2 bets that isn't difficult to assess rather than chase those lottery picks on parlays. I know it will be the same even if those are single bets and I mean how can unlucky you can be. The thing is, we don't know when to stop or we just urge ourselves that it's probably just this time and next time will be a different outcome.

[michellee]

It is normal if you losing control and becoming emotions if you win the bet. That is the temptation that you sometime forget and just follow your desire chasing the next win or recover your loss. That is happens to many people but they deny that is because of their mistake.

If they aware, they must quit gambling after the last bet no matter what is the result. The next thing can reverse and makes them lose and once they lose, that just trigger them to keep gambling. They will not realize that is just a matter of time for them losing more and that will be the sad part so you have your experienced and we hope you can learned for that.

[EarnOnVictor]

-Snip-
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.

This is not an isolated case, and perhaps you're not conversant with gambling conversations; you would have noticed it and prevented it. The time you win more is when you should defend your winning even the more, otherwise, gambling will take it back from you. Because as good luck is real, back luck is also real, and guess what? Gambling is not a respecter of the two, as they could visit you at any time. This is why gamblers opt for the proper management to reduce risks, particularly when they've won enough.

[AmaGold70]

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.

Greed has always affected us most as gamblers, there are times we will record win, but greed won't let us stop. In gambling winning doesn't come all the time, sometimes we win, and sometimes we fail, but knowing when to stop, and when to continue gambling is very important. There are times when we can win some cash, and instead of stopping, we want to win more, I the other hand when we record losses we equally want to recover, and thereby end up loosing more.
It is important we control our emotions as gamblers, and is thesame thing as being discipline.
I have seen someone who want to a gambling shop with money meant for another thing, initially he secured some few wins thinking the trend will continue, but at a point there was a trend reversal, he started loosing back, and he couldn't stop until the whole cash finished from his hand. This is a high level emotional indiscipline.

[iv4n]

Who can relate to this?

...

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.

We have all been in a similar situation too many times... I mean, we who have been gambling for years/decades. The thing is, these situations don't happen every day... we usually forget about them until we "get carried away" again.

Eh, gambling... sometimes the hardest thing is to win, sometimes it's not winning, but knowing when to stop & walk away. Sometimes it's better to take a break, and sometimes the best option is to push harder...

[sompitonov]

This is not an isolated case, and perhaps you're not conversant with gambling conversations; you would have noticed it and prevented it. The time you win more is when you should defend your winning even the more, otherwise, gambling will take it back from you. Because as good luck is real, back luck is also real, and guess what? Gambling is not a respecter of the two, as they could visit you at any time. This is why gamblers opt for the proper management to reduce risks, particularly when they've won enough.

Of course, it's important to carefully monitor your bankroll, but those players who understand how to manage risk try to do so. Others, however, are more interested in enjoying the game and having a good time, and don't want to think too much about risk. I, on the other hand, think about it too much and am sometimes afraid to place a bet if I'm not confident enough. Bankroll management rules are easy to find online, but the main question is who can follow them, and experience shows that such players are few and far between. I used to be unable to manage my bankroll, which I ultimately lost by exceeding the risk when my emotions got out of control.

[Yablee0]

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

When we are talking about how good and secured someone is in the game, we aren't just talking of winning but how good you can control your Bankroll and know when to stop so you won't exceed limits. However, this is the part that matters most to every gambler, if we can set up our target funds for each of our games and be able to maintain it regardless then we are on top of our game, but if otherwise then that's were lose chasing and some other gamble related issues start surfacing. I have always gambled for the fun and perhaps this is what has being keeping me safe till date and even if am not in my winning streak I do well to stop because I know the implications of gambling further.

[hedgeh0g]

Of course, it's important to carefully monitor your bankroll, but those players who understand how to manage risk try to do so. Others, however, are more interested in enjoying the game and having a good time, and don't want to think too much about risk. I, on the other hand, think about it too much and am sometimes afraid to place a bet if I'm not confident enough. Bankroll management rules are easy to find online, but the main question is who can follow them, and experience shows that such players are few and far between. I used to be unable to manage my bankroll, which I ultimately lost by exceeding the risk when my emotions got out of control.

Beginners shouldn't think everything comes easy. On the contrary, improving as a player requires effort, and not easy. Of course, many look to professionals and think they'll be able to do the same, but this is a mistaken and overly optimistic notion without any basis. It's important to understand the intricacies of bankroll management, understand the essence of why it's necessary, and also look at what professionals say and how they manage their bankroll from a professional perspective. While the predictions themselves may be successful, if we take a slightly different risk, 10 consecutive wins could be half-lost because of one match we overbet on and were too confident about.

[YOSHIE]

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

That's the right reason, indeed situations like that happen quite often and are experienced by most gamblers, where they can no longer control their emotions or lose the ability to manage their emotions, so that when they feel tired, we often see gamblers who will feel panic andanxiety.

If such a situation has arisen in the minds of gamblers, then there is no longer any emotional control in the mind only one chasing losses, that's when bigger and reckless bets start, plus the urge of despair and restlessness, It happens that emotions are one of the main fuels in their gambling and in the end there is frustration due to defeat and regret, which is what often happens and is generally felt by gamblers.