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.
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.
Yes, if every person can manage his bankroll properly, then people will be able to gamble responsibly. If the bankroll is indefinite or unlimited, then people will quickly become addicted to gambling. Every person should think about accepting gambling as entertainment and should use 1%-5% of their income on gambling, not more than that. If we use 1%-5% of our income on gambling, then we will not regret it even if we lose in gambling. I always use a very small amount of my income for gambling, which I do not regret if I lose, so I can still gamble responsibly.