Bankroll management tips for crypto gamblers
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Rule 1: Never gamble more than you can afford to lose. Rule 2: Set a daily loss limit and STICK TO IT. Rule 3: Always withdraw your profits.
I use the 1% rule. Never bet more than 1% of my bankroll on a single bet. Keeps me in the game longer and reduces variance.
The best tip: separate your gambling wallet from your investment wallet. Never mix the two. Once the gambling wallet is empty, you're done for the day.
The 1-2% rule is golden. Never bet more than 2% of your total bankroll on a single bet. It sounds boring but it keeps you in the game long enough for variance to work in your favor.
Learned the hard way after blowing 2 BTC in one session. Now I use separate wallets - gambling wallet gets a fixed weekly allowance. When it is gone, it is gone. No exceptions.