Quote from: atookz on Today at 01:28:30 PM

Quote from: Viscore on June 16, 2024, 01:39:09 PM

"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.

Yep, one more thing about bankroll management is you can make yourself have more control and have a slowly but surely type of betting. Most of the time, we have this uneasiness and having a rush feeling especially if we have a consecutive losses in our betting, and most gamblers starts to increase their bet without thinking until they no longet have enough balance.

To avoid such scenario, this can be helpful to anyone. Even I is also doing this ever since I have realized and learned from my past mistakes.