Gambling Tip – The Importance of Bankroll

I have written and talked about the four ingredients necessary to be a successful gambler. They are bankroll, knowledge, money management and discipline.

Discipline is the most important in the end. It is the ability to walk away a winner or with minimal losses. However, before you can use knowledge of the game, money management techniques and eventually discipline, it all starts with bankroll.

Most people will scrape up whatever money they can and think that luck, law of averages or some other illogical theory will make them a winner. It doesn’t happen that way.

A small bankroll causes you to play scared and you will make decisions that coincide with your shortage of money. A small bankroll is such a disadvantage that you find yourself making moves just to stay in the game instead of taking advantage of the beating the house when you encounter a good hot or cold streak.

For example, let’s say a bet calls for taking or laying odds and you don’t have enough money to do it. So you merely make the flat bet. The bet wins but look what your lack of bankroll has done to you. It affected your play and caused you to change an appropriate betting decision because you didn’t have the proper bankroll.

There are two main reasons why most gamblers go down the tubes. Lack of a loss limit and lack of a win goal. These are determined by your bankroll.

A loss limit is a limit you set on what your losses will be for a certain day, game or table. It’s the limit you lose. You never bet down to your last chip.

A session should last until either your win goal is accomplished or your loss limit is reached. When you lose that predetermined amount your play is over.

Loss limits will completely eliminate the possibility of ever going broke. A 50% loss limit should be used but no more than 60%. This means I can lose anywhere up to 60% but never exceed it. My buy in is usually $3000, so I will never draw down more than $1800. The reason you take more money with you than you put at risk is to eliminate playing with scared money. If you are tempted to play with the extra money then you have no discipline. You can make the loss limit lower but not below 25%. You give up your recovery power the more you lower your loss limit.

When you are losing you don’t have to wait for your exact percentage to be reached to quit. When I’m losing at a certain point and can’t get going I realize I’m in the wrong spot and pack it in at less than my loss limit.

Just as important as a loss limit is the win goal. This is the amount of money you set as the goal you want to reach.

This win goal must be set before your first bet, not after you get ahead. It must be set on your starting bankroll same as the loss limit. I usually set my win goal at 20% but never more than 30%. That is not to say that I can’t win more than that 20% or 30%. When I reach my goal I will continue playing until I have a losing shooter. I will continue as long I’m still winning or breaking even.

The win goal is only a point you want to reach and then guarantee your profit for the session.

Win goals must be made small, so we can attain them easily, and then go for the bigger returns.

We must accept the fact that gambling is a tough business and that winning small amounts consistently is better than always going for that big hit. We’ll have our big days but the main thing is to minimize losses. If you adhere to the money management, knowledge and discipline techniques presented in the numerous Benson systems, you will see how much longer your bankroll will stay active. As long as you have that bankroll to compete, you’re a threat to the casinos.

2007 MLB Baseball World Series Gambling

If you’re looking forward to 2007 MLB Baseball World Series gambling time, you’re probably also preparing to do the research on the teams to help you make the best betting decisions. Sometimes finding all of the information you need for successful 2007 MLB Baseball World Series gambling can be difficult and time consuming unless you choose to do your betting online with a well-known sportsbook. There you can not only get the latest and best betting odds and betting lines, but also the inside information on the teams and players provided by the website’s expert handicappers.

The experts are there to provide you with everything you need to make 2007 MLB Baseball World Series gambling easier. They know the strengths and weaknesses of each team on both offense and defense. They know which players were hot in the playoffs and which ones were struggling. They’ll tell you how a team’s pitching staff will match up against the hitters on the opposing team and how any injuries to key players might affect a team’s overall performance. These experts will then make solid recommendations that you can rely on when making your 2007 MLB World Series gambling decisions such as which team to bet on and how much to bet.

Then when you’re ready to do your 2007 Baseball World Series sportsbook you can make deposits quickly and easily to your secure account and place your bets instantly from the comfort of your own home. There’s no better or more convenient way to enjoy betting on the series.

Why Online Horse Racing Gambling is a Great Option

Online horse laying systems has changed the whole betting system. It has provided a number of facilities for punters to enjoy gambling over the internet. Horse betting has always been popular as it offers you the chance to win money while enjoying superb sporting action. There are a number of sites that offer online gambling options, where you can join their forums and exchange tips on betting odds with experts and make new friends too.

The concept of online gambling is quite different from that of betting through bookmakers. It saves the commission that you give to bookmakers at race tracks, and it also enables you to bet against a horse.

People, who bet through the online casino format can find satellite telecasts of live horsing racing events across the globe and it can bring handsome cash returns as well.

How Much to Bet

It is always better to start with modest amounts for betting online. Besides this, it helps to take advice from experts. The experts can help you learn how to study the odds, race conditions as well as related factors that can really assist you in forecasting horse racing outcomes and that too with correctness.

There are many websites where you can easily enter the world horse betting from your own computer. Most race tracks offer facilities during off-season too and enthusiasts can enjoy the excitement of their favourite form of sport betting around the year. You need to place online bets before the race begins. Therefore, you may have to adjust your daily schedule on the day when you would like to witness an event.

The most popular horse race venues are UK, Australia, Latin America, Middle East, Europe and Hong Kong.

Besides this, there are few regions that don’t permit online gambling, but they have a regulated system known as pari-mutuel betting. The major difference here is that the payout is shared from a pool of bets after the taxes and there are no fixed odds.

Picking the Right Horse

In order to pick the right horse, you need to get the official horse race program at your favorite track. Besides this, you also need to know how you can analyze all the information in a race card as the race card contains a variety of information

There are inherently no ‘correct’ ways to handicap horses.

Risks

If you are an amateur or betting for the first time, the best thing is not to bet on a large amount. This might lead to a huge loss if you do not win the bet.

Besides this, you must read the terms and conditions of the website carefully before investing your money on it.

There are many betting scams which happened in the past and if you do not want to be a victim of a scam, it is better to bet carefully.

Stop Gambling Online – You Can Stop Gambling Online And Take Control Of Your Life!

The internet is swarming with all sorts of easy to access gambling websites. It is important to know that these sites can lead to a probable disaster for someone who is a known gambler. The bad news is, there are so many online casinos and betting websites that anyone can have access to.

If you have gambling problems, you will surely be tempted to go to these websites that are operating 24 hours a day.

A compulsive gambler may want to stop and start a new life but it’s impossible to stop the addiction. Even if thousands of dollars have been lost, family relationships have been broke, and friends have been left out cold, a gambler will never stop or put an end to the addiction.

The Diagnostics and Statistical Manual of Mental Disorders (DSM), the American handbook for mental health doctors, implies that compulsive gambling is a known psychological condition that needs treatment.

There are ways to know if a person is a compulsive gambler. A telltale sign of a compulsive gambler is the difficulty in stopping the urge to spend money in all kinds of gambling activities. There is also no restraint in the amount of time that he/she spends when gambling.

Restlessness and irritability is also a sign of this condition. An addicted gambler is very restless and irritable when doing required work, or any other activities that have nothing to do with gambling. Also, if a person starts to lie and asks for money to feed the gambling, you have yourself a serious gambler.

If you suspect that a significant person in your life is slowly becoming addicted to this problem, you need to talk openly to them. Open communication is the key to getting rid of this problem. Once you do find out that there is a problem, you need to take away the temptation first.

It is important that the person admits that he/she has a gambling problem and wants to get help. Both of you need to talk about it and agree on how the gambling can stop. Eliminating the actual computer will only show that you are not willing to trust the person, hence, your loved one will only find ways outside your home to get his or her gambling fix. You can simply hire a computer expert to block certain websites and install web filters for a start.

Will Medication Help Me With My Gambling Addiction?

There is no magical cure for gambling addiction and there is no one particular medication that can actually stop and individuals’ impulse to gamble. If you surf the net you can find various small studies that have shown that certain medications can curb the urge to gamble. Results of these studies have not shown any major significant indications.

Gambling is a behavioral addiction which is also known as an “impulse disorder”. It is a learned behavior, even though many biological influences have been shown to effect gambling behavior.

Many significant studies have shown that the drugs actually prescribed to patients with Parkinson’s disease have actually increased gambling behavior severely in these patients who never had a gambling problem in the first place. Because these drugs known as “dopamine -agonists”increased the available supply of dopamine in the brain, strong conclusions have been made regarding the role of dopamine in compulsive gambling behavior.

If an individual with a gambling addiction suffers from depression or anxiety, medication may be prescribed to treat these underlying problems. Sometimes a physician will prescribe an anti-depressant that can improve mood and curb the urge for self-destructive and addictive gambling.

Medications may be prescribed for gambling addiction, however, it is my belief that an overall lifestyle change including healthy diet, self-care, exercise, and good sleep habits can help as well. Every unique situation is different, and it is a good idea for an individual with a gambling addiction to visit his or her physician for an expert opinion.

Sometimes we all look for that magic pill that will make a huge change in our lives without taking personal responsibility for that change. An individual with a gambling problem needs to make life changes in all areas of his or her life to truly beat a gambling problem. It is a lifelong process of change that will solidify a good, healthy recovery.