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.
I don't chase losses. I learnt the hard way not to do that. I always have a game plan this day and once I've one or two losses I take a chill. I believe those who chase losses are likely to be new to the game or they're emotionally not stabilized. Otherwise, every player should know that he won't fights and runs away lives to fight another day.
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.
Money Management is key in this but I don't believe in betting in bits. I do my calculations, find my risk to reward and then narrow the bets to one or two. It's better that way for me than picking so many games and splitting bets on them in fraction.
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I still wonder how people gamble with fun because it is not making any sense to me no matter how I try to make it make sense. Does it mean that while I'm chasing big multiplier and big odds in sports betting, there are people out there chasing happiness and fun and not money.
It perplexes me too whenever I hear or read posts arguing that gambling is fun. I don't see any fun in anything once money is at stake.