Have you ever noticed how, even when you think you're managing your bankroll well, you still end up chasing losses, and instead of recovering, you dig a deeper hole? That's usually a sign that your bankroll management isn't as solid as you thought.
Chasing losses is already a sign of poor bankroll management because it does nothing than make you lose more and more. Good bankroll management require that you plan what the max you can lose per bet and possibly per gambling session and also knowing how to manage winnings so that the winning will not be lost due to greed.
Proper bankroll management isn't just about setting limits, it’s about sticking to a disciplined plan. And by “proper,” I mean betting a small percentage of your total bankroll something really conservative, like 1% or at most 2% per bet. If you follow that strictly, you can avoid the frustration that comes with a losing streak. Even if you lose 5 bets in a row, you're not wiped out and you don’t feel desperate. The key is having a plan and actually sticking to it. Most of us fail on that second part.
Your percentage allocation per bet is high for slot games which you can do hundreds of bets within a short time. If you allocate 1% of your capital per bet, it will take on 100 spins for you to lose your capital if you are unlucky to win in those spins. For sports betting, such percentage is fine and considered a good bankroll mananegemt.