"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.
I've always advocated for responsible gambling in this forum and the best way to achieve it is by having a bankroll for it. If you have a budget for gambling and you're disciplined to stick to it, it wouldn't matter if you're winning or losing, when the amount is exhausted you'll quit for the day. It's important that the amount that you budget for gambling should be what you can afford to loose, so you wouldn't put too much of your income on what depends on luck to win or be profitable. This is my strategy to avoid being addicted to gambling and it's working very fine for me.
That is something that everyone in this forum has definitely done, I myself have never even found a comment about the suggestion to gamble excessively, if there is, it could be a heated debate. We must know when to stop gambling because this is something that must be considered because if we cannot stop gambling, bankruptcy is something that can absolutely happen. What you said is true, we must be able to gamble with the amount of money we can afford, and before gambling we must be prepared to lose the money that is bet, therefore it is better to set a budget before gambling must be done, and do not be tempted to do it excessively even though in gambling you can almost get a big win, do not get carried away to go deeper because there is no guarantee that even though we almost get a win, we can win if we gamble again.