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BGD

How to manage and control your gambling budget

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If you gamble a lot, I think its importend to have a budget to make sure you never lose more then you can afford.

I only play in land based casino's and fore this I have a budget of 1000 euro/year. If it exceeds 1500 euro, the winnings go to my normal bankaccount. If I lose it all then no more gambling for the rest of the year.

I have been wondering how to control your bankroll when you are playing at online casino's? Because there is no physical distance and it's really easy to sign-up on an other casino.

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Often I find myself just joining casinos online then immediately excluding myself, I think there's hardly any left for me to play on now :)   Although I'm not really a bad gambler these days, I'm aware of my capacity to totally lose control.

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Guest Miller26

There’s very few people who play slots and have total control in my opinion. I’ve excluded from loads of online casinos in the past after doing my bollocks in so I could never manage a budget whilst playing slots hence why I avoid them at all costs . 

As for horses I have pretty much total control. Roughly speaking my budget is about £200 per week but  you can never really lose that as you would have to be one unlucky guy . 

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1 hour ago, BGD said:

If you gamble a lot, I think its importend to have a budget to make sure you never lose more then you can afford.

I only play in land based casino's and fore this I have a budget of 1000 euro/year. If it exceeds 1500 euro, the winnings go to my normal bankaccount. If I lose it all then no more gambling for the rest of the year.

I have been wondering how to control your bankroll when you are playing at online casino's? Because there is no physical distance and it's really easy to sign-up on an other casino.

You're clearly very disciplined when it comes to your gambling, but i believe you are in the minority. I don't know anyone who gambles that sticks to a strict budget or moreover is actually able to. Maybe you could bottle how you do it and sell it!! 

Edited by david1111

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Guest Miller26

Also a little known fact I will give you . On average a person who sets limits at a casino spends on average more than someone who doesn’t . That’s not to say don’t set limits mind . 

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I force myself with low limits. Then when i reach them i say well is not ment to be today or this week. I will not force it. In the past i just tilted, deposit more and bet more. I could not believe i am losing in such horrible way.

but then i lose more. In rare cases i manage to get it all back but thats the danger. Will never try again. Just accept u will keep losing 8 out of 10 when you are on losing streak and dont deposit more. Try again when your luck is back.

When you are lucky you will win and turn small to big, when you dobt have luck, but tilt you will turn big to zero most of the time. Simple as that. Tilt and greed is what makes you lose, not that much  house edge. Understand that and you will cut your loses by a lot

Edited by CherryPi

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Setting a minimum daily limit worked for me.  Also I would shut down my PC / Mac and got some fresh air for 5-10 mins. Took my mind of the temptation to go over budget.

Edited by groundiskey
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2 minutes ago, groundiskey said:

Setting a minimum daily limit worked for me.  Also I would shut down my PC / Mac and get some fresh air for 5-10 mins. Took my mind of the temptation to go over budget.

Yeah, daily deposit limits work for me. Without them I would probably continue depositing and just end up self excluding. It certainly keeps you in control as effectively its a 24 hour cooling off period 

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Gambling is like life. If you stay out late every night you'll be knackered.

So the secret of gambling is enjoyment. 

No serious gambler  makes a bet without the joy of the race or slot affecting him/her.

if you lose too much it becomes a nightmare.....If you win too much then the value is lost because expectations cause you to become

irrational and always go for the BIG ONE....... So in my view its a kind of madness that is fun ,and should be given only an equal time with other pursuits...

I always win after I've spent a day at the coast relaxing.....

 

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Guest Miller26
1 hour ago, Solario333 said:

Gambling is like life. If you stay out late every night you'll be knackered.

So the secret of gambling is enjoyment. 

No serious gambler  makes a bet without the joy of the race or slot affecting him/her.

if you lose too much it becomes a nightmare.....If you win too much then the value is lost because expectations cause you to become

irrational and always go for the BIG ONE....... So in my view its a kind of madness that is fun ,and should be given only an equal time with other pursuits...

I always win after I've spent a day at the coast relaxing.....

 

Bit Deep there mate but you make sense 

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On 15-4-2018 at 13:21, david1111 said:

Maybe you could bottle how you do it and sell it!! 

Would you buy it?

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3 minutes ago, BGD said:

Would you buy it?

Quite possibly!

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6 minutes ago, david1111 said:

Quite possibly!

I will consider writing a book about gambling.

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