The Abuse of Bankroll Management

  1. There is much to be said for the winning punter in the long run. One horse racing system that has been very popular over the past few years has been Divide and Win.
  2. It uncovers the fact that most losing bets are actually some form of bubble or teething problem.
  3. Once you acknowledge that you areProblemBego Mindsetand lose control because you cannot accept enough losing runs and start chasing your losses you are well on your way to becoming a problem gambler that has little regard for long term profits.

The Abuse of Bankroll Management

This horse racing system applies the same principle to gambling in a different context. In the event that you can not turn a profit in the long term, shut down the gambling session and come back the next day or week and play a different game.

The Abuse of Bankroll Management

If you cannotIE the went of the trend and accept that you are not going to win and that you are actually going to lose a certain amount of money over the long term, run before you play another session. The difference between thesuper-loophole player that succeeds and the losing player is that the winning player has enough discipline and enough sense to know that the next session is his, and if you cannot accept this, and give up too early when you are ahead, you will end up losing more money.

2) Do not chase your losses.

This is the most common mistake that I see most beginners make. Primarily, what happens is that you lose, you try to win back all that you have lost, you spend some more time trying to win back losses that you have not really lost and you end up losing some more money.

3) Do not become desperate.

Sounds contradictory, but theilles times you lose, you want to get back to even. Dont up your game if you are winning, and dont become desperate either, accept the fact that you have lost and learn to accept losing in order to live to fight another day.

4) Do not be in a hurry to win.

Again, seems contradictory, but what happens to many gamblers is that they begin to various attempts to win back lost money, or even money that you have won. The common event that occurs is that you have won, or have lost, and you keep trying to win back lost money. Unfortunately, most beginners lose more than they win. I see this over and over again, newbie, newbie, newbie… (I have a nice vocabulary for these newbs)

5) dont become greedy.

Obviously, we have all heard the expression”the house always wins.” It is true, but with the exception of a few select connectors (such as the dreaded push), the casino usually wins. Therefore, if you became greedy with your betting, you would likely end up betting more than you wanted to, or betting with a mix of outcomes that you couldn’t normally bet on (such as mostly 3 team blackjack).

6) Gamble responsibly.

  • The most common collective excuse for gambling is that you are “scared money.” You just can’t help it, the casinos are always trying to hooks suck your money. However, if you gamble with the rent money, you may very well be betting more than you can afford to lose, and participating in activities you really shouldn’t be risking your money in (such as drinking).
  • If you can control yourself, you will be able to get into a comfortable routine of gambling. Before you know it, you will unhealthy increase your bets, and end up spending way more than you thought you could.

7) Never gamble when you need money.

Again, the house always wins in the end. You need to depend on yourself to get into an amount of money you can comfortably afford to lose. If you need money, call yourself out. If you are scared to lose it, stop gambling.

8) Keep track of how much you are spending.

  1. This is a good tool to use, to know if you are gambling too much money. If you know that you are up to your eyeballs in expenses, you know you can stop for the day, or stop altogether.
  2. The casinos know that if you start to wager money, you are going to keep gambling. If you don’t have a good idea of how much you are spending, you probably aren’t gambling enough.

9) Know when to quit.