In gambling in general and in sports betting in particular, bankroll management is very important. It is really important because it helps to avoid financial disaster. But if you play not only for fun and thrills, then we should also remember about strategy. Many people implicitly try to replace strategy with bankroll management. But I think you will agree with me. We forget about strategies all the time. Bankroll management is not a strategy. Bankroll management only helps you not to lose your bankroll immediately. You will lose your bankroll gradually, slowly, but still you will not avoid losing your entire bankroll, because most likely you do not want to know anything about strategies or even replace them with bankroll management.
Do you agree with me? Or do you think that bankroll management is a strategy?
Setting a gambling budget isn't a winning strategy, rather, it's about avoiding the risk of excessive losses. Bankroll management is likely only practiced by those who gamble purely for fun, winning or losing doesn't matter, the important thing is enjoying the thrill of the game. This is very different from someone who gambles hoping to win, they'll employ various strategies and efforts to achieve their desired winnings.