Budgets are a must for responsible gaming. If one gets easily carried away by the thrill, it can be fatal due to overbetting. You need to prioritize setting budget above all else. Set limits, stick to these limits, and never chase losses.
What is the importance of setting budgets for gambling?
- Thread starter uptrendfinancialsignal
- Start date
- gambling
If you don't budget/manage your bankroll properly it's very likely you'll go broke, and lose all your funds. Whenever I bet on non-poker games/sports I just hope to get lucky with a small parlay that pays out big if I hit. I always set daily limits when I play online poker.
Well said, Proper bankroll management is what stands between you and financial ruin. Setting limits helps you control and discipline yourself. Staying within the limit of your cash flow is the best.
