"Bankroll" is usually a term used in sports betting. From what I've read in some of the threads here, we need to be disciplined in managing our bankroll, typically betting only 5% to 10% per wager. So I'm curious: do bettors here really set up a bankroll first before they start gambling, or do they just gamble whenever they have available money?
Please share your experience whether positive or negative and what you learn from it.
Setting a bankroll is a method that must be met so as not to overdo it and spend it all, I always do that. When experiencing a losing streak it will save you from bankruptcy, but when you win it will provide a positive ROI. In addition, it is also important to set win and loss limits. Determine the amount of winnings that will make you stop playing and withdraw some of the winnings. And set a loss limit that will stop playing and avoid losing more money. If you do both then you will gamble more safely.