"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?
Exactly a specific bankroll should be set to enable you be discipline with your funds and set a pace to minimize Losses but then some gamblers don't see reasons to do so when they have enough money to spend in gambling. To me depending on my income rates I usually set the least 2% from my income to gamble and if I lose that while playing I don't bother to use another money but so many gamblers after allocating the said bankroll for gambling and when they lose they'll always want to try another round again thereby proning them to chasing over losses and as well becoming addicted to doing the same thing. So discipline oneself in setting a specific bankroll for gambling is necessary.