Don't conclude yet you are a loser, until you...

[Natalim]

In sports betting, this is actually where I lose most of my money, I just realized it recently, or let's say I finally admitted that one of my biggest weaknesses and the reason why I can't win consistently is because of poor bankroll management. So don't conclude that you cannot win if you haven't learned proper bankroll management yet.

Let me ask you guys, have you ever experienced winning most of your bets but ended up losing money because you got greedy, so for example out of 10 games you win 6 of them and still lose in the end, and you conclude that you lost because it's really hard to win in sports betting but what we don't realize is that if we manage our bankroll correctly that 60% win rate could result in profit as we only need around 52.4% to break even at 1.91 odds.

I know it's boring when we talk about numbers but without a specific strategy we cannot expect to win consistently.

So this is all I can say, don't give up yet, don't conclude that you cannot win until you have practiced proper bankroll management.

I know there are lots of topics about bankroll management but bear with the context of my post, those who can share their real experiences and can relate are appreciated.

[qwertyup23]

Happened to me several times in the past because I had this false sense of belief that I would win most of my games in the whole process. Unfortunately, all my winnings became fodders of my bets given that I thought I can recover my losses by betting once again.

This creates an endless cycle of me, betting in order to recover my losses. However the reality is that you would just lose majority or even all of your profit if you chase your losses consistently.

As a lesson to everyone: accept defeat and move on. If you have already profited from your games, then do your best to stop and call it a day. If you lost your games, accept and move on. The more you chase your losses, it will quickly snowball into a bigger loss than what you could've expected.

[Don Pedro Dinero]

What usually happens is that, instead of using the same stake size for every bet, if you win two or three bets, you feel you’re on a winning streak, you get overconfident and increase your stake. If you then lose, this explains why, despite winning more bets overall, you end up making a loss – because you’d staked more on the bets you lost. You should always bet the same amount until your bankroll has grown enough to allow you to increase your stake size. The psychological aspect is also important, as qwertyup23 points out. Chasing your losses can lead to disastrous sessions.

[SukunE]

What usually happens is that, instead of using the same stake size for every bet, if you win two or three bets, you feel you’re on a winning streak, you get overconfident and increase your stake. If you then lose, this explains why, despite winning more bets overall, you end up making a loss – because you’d staked more on the bets you lost. You should always bet the same amount until your bankroll has grown enough to allow you to increase your stake size. The psychological aspect is also important, as qwertyup23 points out. Chasing your losses can lead to disastrous sessions.

Yes, two things happen here after a few consecutive wins, individuals may start to view themselves as highly skilled; conversely, following a loss, they may struggle to control their emotions. As a result, they place bets under the assumption that a single win will be enough to recover all their previous losses. These tendencies deplete all their funds, leaving them despondent—a situation that subsequently leads to further losses.

[Japinat]

What usually happens is that, instead of using the same stake size for every bet, if you win two or three bets, you feel you’re on a winning streak, you get overconfident and increase your stake. If you then lose, this explains why, despite winning more bets overall, you end up making a loss – because you’d staked more on the bets you lost. You should always bet the same amount until your bankroll has grown enough to allow you to increase your stake size. The psychological aspect is also important, as qwertyup23 points out. Chasing your losses can lead to disastrous sessions.

That kind of approach shows you are being emotional, that's why you end up losing. So the solution is disciplined bankroll management, because based on what I've read, having 2% or even 1% of your bankroll per stake is the most advisable since even if you experience a long losing streak, you will not feel too emotional because you still have a big portion of your bankroll left.

And another problem is if you don't have a big bankroll while aiming for a big win, so in that aspect you need to be realistic, if you aim to win $1000 in the long term at least you should be able to provide a bankroll of $1000. As a regular bettor, making 100% profit on your bankroll even in a year is already a big success, as long as you are consistent.

[cryptomaniac_xxx]

I know there are lots of topics about bankroll management but bear with the context of my post, those who can share their real experiences and can relate are appreciated.

Yes, and thru experienced though that gamblers might have to learn on proper bankroll management. And we can also add to that what kind of games you are playing. Maybe in sports betting, you might still have some control of how small or big your bets is going to be. There are times that we will only bet 1 games per day, and so our bankroll can stretch and we can manage it better.

But let's see it is luck base games, then that's where that emotions comes in and we should control of it. If we lose everything in one setting playing our favorite slot games then so be it and call it a night and maybe reset and play on the next coming days.

[Somegory]

In sports betting, this is actually where I lose most of my money, I just realized it recently, or let's say I finally admitted that one of my biggest weaknesses and the reason why I can't win consistently is because of poor bankroll management. So don't conclude that you cannot win if you haven't learned proper bankroll management yet.

Let me ask you guys, have you ever experienced winning most of your bets but ended up losing money because you got greedy, so for example out of 10 games you win 6 of them and still lose in the end, and you conclude that you lost because it's really hard to win in sports betting but what we don't realize is that if we manage our bankroll correctly that 60% win rate could result in profit as we only need around 52.4% to break even at 1.91 odds.

I know it's boring when we talk about numbers but without a specific strategy we cannot expect to win consistently.

So this is all I can say, don't give up yet, don't conclude that you cannot win until you have practiced proper bankroll management.

I know there are lots of topics about bankroll management but bear with the context of my post, those who can share their real experiences and can relate are appreciated.

You lose money because you are gambling, you are not a god from the future or Odin.
And yes you lost a lot of money because of mismanagement.

You risked what you can't afford to lose and that's where you are really at fault, everyone who gambles must lose money because that's what gambling is all about, you trying to predict the future means one thing only, that you will likely lose your money more.

When it comes to prediction I always engage with the lowest money I have, because normally the odds are against me obviously, the only thing I got to do for myself is protect my fund

[Loyang]

I have never faced such a problem in sports betting or casino. Because I had learned management long ago. Although it was a long time ago but I clearly remember how I could not protect myself from facing losses in any way. A long time ago I was involved in trading and I would win but I would become aggressive after some time. If I lost I would also become aggressive and if I won I would become aggressive. Then I noticed this matter. I discussed this matter with some of my acquaintances then they understood me very well and at that moment I refrained from doing many trading and would sit and watch Shudu Chat and thus increased my patience. After that time I have not faced such a problem since then.

[Ishicryptic]

Bankroll management is very important if you want to be a disciplined gambler who is always in control of your decisions, specifically you should never be greedy to start chasing loses or use your wins to continue gambling inorder not to eventually lose more money. I have a budget for my gambling and everything I do regarding gambling must fall into that budget, when the budget for the session is finished it means that I'm done for that time. My strategy is to not use my wins to gamble because the chances of losing it is higher than increasing it also if I lose I move on because I use small amounts to fund my bankroll, a simple strategy that have been working for me.

[RGBTC]

so for example out of 10 games you win 6 of them

The question is, how likely is it that such a win could occur every few sessions or so?
Seriously, can good bankroll management lead to consistent wins? Or is it simply a strategy to limit the scale of potential losses at any given time?

[Patrol69]

You have lost money most of the time by betting on sports but I have won relatively more money by betting on gambling. I have a good understanding of sports and I watch football and cricket regularly, so I make decisions by considering how a team can do against another team, which team will perform better on which field. I will tell you a secret of betting. I separate the favorite teams before La Liga, English Premier League or Champions League and other tournaments and when a team that is relatively weak to those favorite teams comes on the field, I bet on that favorite team. If ever, according to my opinion, it happens that the chances of both teams are 50-50 or 60-40, then I refrain from betting on that match. What I mean is that I prefer to accept a relatively small profit than lose my money.

[danherbias07]

I am too lazy to keep track of my betting history, including the amount I bet. I did it before using a spreadsheet, but it's too exhausting for me. Not physically, but mentally. When you see numbers and most of them are red, it gets on your nerves, and sometimes it gets stressful.

Having a budget on your bankroll indeed works some miracles, but there are gamblers who don't want their records being shown to them so they can enjoy the games more, especially with their bets on the line. Simply betting and having fun while watching the game with a bet placed is what they want. No strings attached.

[Charles-Tim]

Good bankroll management will only help you secure your money in a way you will not use the money that you do not supposed to use to gamble for gambling. Good bankroll management can not help you win in gambling. That is a very wrong thing that you are thinking of. The betting sites are only making money from their customers. This is what gamble sites customers should know.

[Derekfunds]

The thing is that some gamblers allows their win rate some times overshadowed their thought and sense of reasoning that is why they end up losing in a way they are not supposed to. That is why it is very good to apply discipline in all we do in life so we don't become victim of any circumstance, gambling is a game of luck yet our strategy and intuition help us to stay in alignment so we should not think it is by our making or how good we are in predicting games because the moment this comes, everything will be a mess. We should learn to stop, start and also manage our wins

[Frankolala]

Good bankroll management in gambling isn't about making profit but how to limit your losses and stop the game at the right time. I don't see how good bankroll management can make a gambler win consistently. Moreover, no one can win consistently in the long run because gambling is a game of luck. This is why when you're in profit and you continue to gamble due to greed of making more money, you will end up losing your entire bankroll.

[$crypto$]

so for example out of 10 games you win 6 of them

The question is, how likely is it that such a win could occur every few sessions or so?
Seriously, can good bankroll management lead to consistent wins? Or is it simply a strategy to limit the scale of potential losses at any given time?

Not at all producing consistent wins just because of good bank management in my opinion --- I believe more in what you say limiting losses from a certain time.

The point with good bankroll management is not to be an impulsive gambler.
The Gambler does not have a good mangeman then can be a gambler blindly.

[Mr. Magkaisa]

This is a good thing to discuss as I just realize something after I read this post. Its been a long time and sometimes I ended up losing even if I will review my bets I won more than I lose. Sometimes when I am in roll of winning I get greedy and lose big in 1 match.

This is a good way also, I will try this and see what will happen

My strategy is to not use my wins to gamble because the chances of losing it is higher than increasing it also if I lose I move on because I use small amounts to fund my bankroll, a simple strategy that have been working for me.

[rachael9385]

So this is all I can say, don't give up yet, don't conclude that you cannot win until you have practiced proper bankroll management.

All this you have said falls down to lack of bankroll management and greediness.
Why I'm saying this is because winning consecutively brings out the weakness on most gamblers, because during winning, a greedy gambler might be tempted to increase their stake meanwhile they are not certain that they will be lucky to win the next bet.

As a gambler, you should know that even though you have been lucky on your bet recently, that doesn't mean your next bet will be as successful as the previous ones.
Which means, a gambler should always prioritize their bankroll first before considering to make a higher wager.

[viljy]

Bankroll management is more relevant for regular gambling games, as for them there simply is no other way to have at least some kind of strategy except for disciplined gambling (and by that I mean fair gambling, both from the perspective of the gambler and the casino).

However, the situation is a bit different with betting. If a person learns to analyze and predict, then bankroll management fades into the background. For a simple reason: bankroll management is, in other words, caution in betting. A sophisticated professional bettor will only lose out on missed profits due to caution.

Of course, another thing is that it’s very, very difficult to learn this, and probably not everyone can do it (otherwise, bookmakers would have gone bankrupt long ago). What I mean is: for betting, it’s more important to improve your analytical skills in order to make more accurate predictions; for regular gambling, managing your bankroll is key (because there’s no other option).

[Female King]

Good bankroll management in gambling isn't about making profit but how to limit your losses and stop the game at the right time. I don't see how good bankroll management can make a gambler win consistently. Moreover, no one can win consistently in the long run because gambling is a game of luck. This is why when you're in profit and you continue to gamble due to greed of making more money, you will end up losing your entire bankroll.

You are right having a good bankroll management doesn't mean gamblers will consistently be winning when ever they bet a game, but it's just a way of controlling the funds we set aside for gambling so we don't lose everything at a time, for example if you have a bankroll of $100 you can use $20 per bet just incase you didn't win you will still have $80 left behind, and what affect gamblers most time and lose all there bankroll quickly is chasing losses.