Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.
Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?
Very well said and it's true. No matter how good we are at betting or how lucky we get but if we don't manage our bankroll well then we will end up spending more on betting and this will eventualluy end us up in losses.
I personally think that the best way to manage bankroll is to deposit only a limited amount that we can afford to lose.
At the end of the day, we need to limit our losses so that we don't end up losing more and we won't lose more if we don't have more money in our account.
Making a deposit less than your usual is a good thing. To some it won’t be of any help but the fact that it is tiring sometimes to deposit an amount, would help you limit your gambling bankroll. Another is to separate the amount you would be using in gambling, on a daily basis such that if you have lost the amount for that day, you’d be in guilt extending your gambling budget. Last is of course, self discipline; simplest yet the hardest. However, no plan will happen if you would neglect imposing your own discipline especially in gambling wherein one’s emotion could take him over. Set the right mindset; win an amount then stop, lose it all for that day then stop. Accept that it won’t always be our lucky day and that there are times losing would be more frequent.