Criteria of a good gambler - page 3.

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Quote from: dezoel on January 15, 2023, 01:06:01 PM

A good gambler should be able to control themselves and not let the excitement of winning cloud lead their judgement. Setting limits on how much you're willing to spend and knowing when to stop is also crucial to prevent overspending.

What you say, I completely agree. even we are very aware and know very well how to become a good gambler. however, sometimes in practice it will be very difficult for us to apply. why, because after all, we often get carried away in every gambling session, be it when we get a win, or vice versa.
IMO, it's hard for me to be a good gambler because according to psychological theory, however, humans are very susceptible to being influenced whether it's in a pleasant situation or in a situation that is otherwise. but in fact, what you said is true and should be a reference for us gamblers.

Quote from: dezoel on January 15, 2023, 01:06:01 PM

Moreover, a good gambler should never cause any problems for those around them, whether it be through financial or legal means. And most importantly, a good gambler should be able to accept losing as it is a natural part of gambling and not blame others for their losses.

And this point is the most important part for gamblers, once again overall I agree with what you say.
but again, in fact. the problems that arise can even be the opposite of what you say. so what gamblers need to apply is, the essence of gambling itself and how they interpret it. especially so as not to cause problems, both from family, friends and also work. to be aligned as you say, to be a good gambler at least someone really needs from the factors of responsibility, understanding and self-control.

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A good gambler should be able to control themselves and not let the excitement of winning cloud lead their judgement. Setting limits on how much you're willing to spend and knowing when to stop is also crucial to prevent overspending.

Moreover, a good gambler should never cause any problems for those around them, whether it be through financial or legal means. And most importantly, a good gambler should be able to accept losing as it is a natural part of gambling and not blame others for their losses.

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Quote from: TheGreatPython on January 15, 2023, 07:59:00 AM

Quote from: maydna on January 14, 2023, 10:24:43 AM

The criteria for good gamblers are those who understand gambling is not a good way to make money. Indeed they play gambling like others, but they also think about the risks after playing gambling and will not bet all their money on that day. And if someone like you does win $400, that means you have luck on your side, which is very rare for most gamblers.

But a good gambler can also experience many losses because he loses control of himself at the gambling table, and many gamblers have experienced this. So we must be very careful when gambling and try to be good gamblers.

It's important to remember that gambling should always be done in moderation and with a clear understanding of the risks involved. A good gambler knows when to walk away, whether it's when they're ahead or when they've reached their loss limit. Another important aspect of being a good gambler is being able to manage emotions and not letting them control decisions.

It can be easy to get caught up in the excitement of the game and make impulsive decisions, but a good gambler knows how to remain level-headed and make logical choices. It's crucial to have a solid understanding of the game and its rules, as well as being able to analyse the situation and make informed decisions based on the information available. This applies to all types of gambling, whether it's roulette, slots, poker or any other game.

You are right and most gamblers will fail if they don't have the discipline to control their money. So many psychological aspects spoil it for many good sports bettors, such as chasing losses, overconfidence after a winning streak, addiction, various cognitive biases and so on.
and if you are unable to emotionally disengage from winning and losing, you will have a hard time maintaining your composure to make a profit or win at gambling.
Gambling with games that you can understand and also understand in bets that can help you have a chance to win and also be able to analyze the game well is something you must know, don't bet carelessly even though gambling is just luck but you also have to fix your weaknesses. And the most important thing is to stop when you are in a winning position and fight ambition with self-control.

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Quote from: Jody.Drummer on January 14, 2023, 12:11:26 PM

Quote from: Fredomago on January 14, 2023, 04:57:58 AM

Quote from: gagux123 on January 14, 2023, 04:03:00 AM

I have a question and came to my mind, could financial education can be a relevant factor for people not to lose a lot of money in gambling, casinos and other games?

Taking this one, financial education will direct you to stay away from gambling. Just my opinion since financial education will lead you to focus with how you can gain money and avoid you to overspend in things that's not necessary, though we do have our own take and having good education on how to value your assets will save you to any financial losses.

Seems that it will depend on how you can really control and how good you are in limiting your budget if in case you are into these activities.

There's nothing better if we get carried away by emotions in gambling, that's what we really have to master. Sometimes what I feel is that we are carried away by uncontrolled emotions so that we forget how much we have spent on gambling. That's because we want to win, yes, we should avoid things like wanting to return our previously lost capital because it will lead to even deeper losses.
Financial education, in my opinion, has something to do with financial management when we play gambling, in the sense that we are prepared to lose that money or we play just for fun. That will help a lot to control our finances in playing.

If you setup like this and you are good in limiting yourself, your chance of avoiding any future problem that relates with gambling is good, it is an undeniable fact that those who became addicted are people who can't limit or control their emotions, overspending their money in hope to win or to recover previous losses cause them to lose more.

Quote from: gagux123 on January 15, 2023, 02:32:19 AM

Quote from: Fredomago on January 14, 2023, 04:57:58 AM

Quote from: gagux123 on January 14, 2023, 04:03:00 AM

I have a question and came to my mind, could financial education can be a relevant factor for people not to lose a lot of money in gambling, casinos and other games?

Taking this one, financial education will direct you to stay away from gambling. Just my opinion since financial education will lead you to focus with how you can gain money and avoid you to overspend in things that's not necessary, though we do have our own take and having good education on how to value your assets will save you to any financial losses.

Seems that it will depend on how you can really control and how good you are in limiting your budget if in case you are into these activities.

hmm, well, I believe that in this case, financial education can become some kind of "foundation" for people, not just to increase or diversify the patronage

Well, I don't know, maybe yes, maybe not. With financial education, you will possibly have discipline, invest according to your profile and consequently have a certain consistency

I don't see a problem with an investor allocating part of his income to gambling, I believe this varies from person to person.
For example, a certain person allocates 5% of his monthly income to gambling, that is, he will only bet/gambling with that 5% that was previously stipulated... now if a person left a fixed allocation of 5%, and during the same period he lost all that money and he will allocate +10% to try to bet or try to recover what she lost.
Well, if that happens, I have no doubt that that person somehow doesn't have control of himself, because mentality is something extremely important these days.

Well, just like how you position your statement, it depends with how a person thinks about his gambling allocation, if he can do what you have mentioned the chance of succeeding is quite possible, it will reflect to your gambling activities all those patterns and strategy that you will going to use as long as you can keep the setup intact.

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Quote from: maydna on January 14, 2023, 10:24:43 AM

The criteria for good gamblers are those who understand gambling is not a good way to make money. Indeed they play gambling like others, but they also think about the risks after playing gambling and will not bet all their money on that day. And if someone like you does win $400, that means you have luck on your side, which is very rare for most gamblers.

But a good gambler can also experience many losses because he loses control of himself at the gambling table, and many gamblers have experienced this. So we must be very careful when gambling and try to be good gamblers.

It's important to remember that gambling should always be done in moderation and with a clear understanding of the risks involved. A good gambler knows when to walk away, whether it's when they're ahead or when they've reached their loss limit. Another important aspect of being a good gambler is being able to manage emotions and not letting them control decisions.

It can be easy to get caught up in the excitement of the game and make impulsive decisions, but a good gambler knows how to remain level-headed and make logical choices. It's crucial to have a solid understanding of the game and its rules, as well as being able to analyse the situation and make informed decisions based on the information available. This applies to all types of gambling, whether it's roulette, slots, poker or any other game.

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Quote from: Fredomago on January 14, 2023, 04:57:58 AM

Quote from: gagux123 on January 14, 2023, 04:03:00 AM

I have a question and came to my mind, could financial education can be a relevant factor for people not to lose a lot of money in gambling, casinos and other games?

Taking this one, financial education will direct you to stay away from gambling. Just my opinion since financial education will lead you to focus with how you can gain money and avoid you to overspend in things that's not necessary, though we do have our own take and having good education on how to value your assets will save you to any financial losses.

Seems that it will depend on how you can really control and how good you are in limiting your budget if in case you are into these activities.

hmm, well, I believe that in this case, financial education can become some kind of "foundation" for people, not just to increase or diversify the patronage

Well, I don't know, maybe yes, maybe not. With financial education, you will possibly have discipline, invest according to your profile and consequently have a certain consistency

I don't see a problem with an investor allocating part of his income to gambling, I believe this varies from person to person.
For example, a certain person allocates 5% of his monthly income to gambling, that is, he will only bet/gambling with that 5% that was previously stipulated... now if a person left a fixed allocation of 5%, and during the same period he lost all that money and he will allocate +10% to try to bet or try to recover what she lost.
Well, if that happens, I have no doubt that that person somehow doesn't have control of himself, because mentality is something extremely important these days.

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Quote from: Betwrong on January 14, 2023, 03:19:55 AM

Quote from: Indrawan77 on March 23, 2018, 08:44:10 AM

~
a good gambler know when to stop
Setting a limit is very important in gambling, setting a lost limit will prevent you to over spend your money and setting a win limit is also important because in the long run the house got a bigger chance to win due to the house edge ~

As for the win limit, I disagree. To be honest, I can't even imagine how that should work. Say, you won $1,000. Should you never gamble again, or should you just change the house(or, the platform)?

Naturally it is winning that drives you to keep playing otherwise when losing there is no time you could keep playing knowing that you are not winning. But in a case you have won some huge amount then you would be triggered to keep running and no time one could change the house or platform.

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Quote from: gagux123 on January 14, 2023, 02:04:56 AM

Quote from: Silberman on January 13, 2023, 09:55:38 PM

I suppose some characteristics which make a good gambler are going to change depending on the games you prefer to play, but at the same time there are other characteristics that I would guess should be pretty much the standard and self-explanatory, like keeping your gambling money separated from the rest of your money and never touch it should be one of the most basic skills of a good gambler, as if someone is incapable of even doing this much then they will eventually get into money problems.

Yes, well remembered! You said something that I didn't mention earlier.
But I also agree with that, I have no doubt that certain attributes/characteristics can be more important in a certain type of game/gambling/bet, and others, not so much.
An analogy that I can share, is with some sports, for example, if an athlete is very tall, possibly he can be a good basketball player, but if that same person wants to practice artistic gymnastics, he may have several obstacles in this sport because of his height.
I know that what I said is not something extremely assertive, but I believe it was something that better clarified what I wanted to say.

Another characteristic of a good gambler is being able to manage their emotions and not let them control their decisions. Being able to control impulsive behaviour and not getting caught up in the excitement of the moment is crucial in avoiding costly mistakes. Having a solid understanding of the game and its rules is also important, as well as being able to analyse the situation and make logical decisions based on the information available.

Good bankroll management is also essential, knowing when to quit while you're ahead and not chasing losses is key to being a successful gambler. Also, setting limits on how much you are willing to lose and sticking to them is essential.

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Quote from: Fredomago on January 14, 2023, 04:57:58 AM

Quote from: gagux123 on January 14, 2023, 04:03:00 AM

I have a question and came to my mind, could financial education can be a relevant factor for people not to lose a lot of money in gambling, casinos and other games?

Taking this one, financial education will direct you to stay away from gambling. Just my opinion since financial education will lead you to focus with how you can gain money and avoid you to overspend in things that's not necessary, though we do have our own take and having good education on how to value your assets will save you to any financial losses.

Seems that it will depend on how you can really control and how good you are in limiting your budget if in case you are into these activities.

There's nothing better if we get carried away by emotions in gambling, that's what we really have to master. Sometimes what I feel is that we are carried away by uncontrolled emotions so that we forget how much we have spent on gambling. That's because we want to win, yes, we should avoid things like wanting to return our previously lost capital because it will lead to even deeper losses.
Financial education, in my opinion, has something to do with financial management when we play gambling, in the sense that we are prepared to lose that money or we play just for fun. That will help a lot to control our finances in playing.

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Quote from: Silberman on January 13, 2023, 09:55:38 PM

Quote from: gagux123 on January 13, 2023, 06:24:19 PM

I confess that I had not read this topic in detail.
I imagine that some of these types of criteria may be more relevant than others, not all people think the same way and consequently the same type of criteria cannot be relevant to another person, I even dare say that most of these characteristics /criteria are subjective (of course, some more than others)

I suppose some characteristics which make a good gambler are going to change depending on the games you prefer to play, but at the same time there are other characteristics that I would guess should be pretty much the standard and self-explanatory, like keeping your gambling money separated from the rest of your money and never touch it should be one of the most basic skills of a good gambler, as if someone is incapable of even doing this much then they will eventually get into money problems.

Planning and discipline are the best characteristics of gamblers that I know, but it's unfortunate that we will hardly see such in gambling. Many gamblers believe they need to bet according to how money flows in, but this is wrong. Their betting style should be budgetary as management and discipline play a very good part in this regard.

To me, and in addition to what you have explained, gamblers should have separate accounts to be more accountable in their day-to-day gambling, and on no account should they exceed it.

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Quote from: maydna on January 14, 2023, 10:24:43 AM

Quote from: DevilSlayer on January 14, 2023, 05:45:23 AM

It's all about what game we played, for example in roullete. It's all about risk management, we cannot just all in the money in our bets in red, black, straight, even or odds and many more. A good gambler has a characteristics of good risk management where the gamble can play a long game. It's all about compounding, risk can be manage if you really understand the rules of the game. Thinking the probability is also important because it can be our catalyst or source of idea that can help us to make a better decision.

When it comes to slots, it's all about patience and luck. I recently played in a fancy casino where I win $400 in a game called mighty cash and my bet is just $0.7, the jackpot did not quickly came to me so I play the slots with patience and I think I created the luck that help me to win the jackpot.

The criteria for good gamblers are those who understand gambling is not a good way to make money. Indeed they play gambling like others, but they also think about the risks after playing gambling and will not bet all their money on that day. And if someone like you does win $400, that means you have luck on your side, which is very rare for most gamblers.

But a good gambler can also experience many losses because he loses control of himself at the gambling table, and many gamblers have experienced this. So we must be very careful when gambling and try to be good gamblers.

exactly, mate you are right that a player called a good gambler if they already know what is gambling. Cause if you have a mindset that you must enter and play in gambling in order to earn a lot of money they you will not be a good gambler anymore. Cause we all know that during you place a bet its up to your luck is you will win or not. And not all the time in gambling we will win even though you are a high roller.

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Quote from: DevilSlayer on January 14, 2023, 05:45:23 AM

It's all about what game we played, for example in roullete. It's all about risk management, we cannot just all in the money in our bets in red, black, straight, even or odds and many more. A good gambler has a characteristics of good risk management where the gamble can play a long game. It's all about compounding, risk can be manage if you really understand the rules of the game. Thinking the probability is also important because it can be our catalyst or source of idea that can help us to make a better decision.

When it comes to slots, it's all about patience and luck. I recently played in a fancy casino where I win $400 in a game called mighty cash and my bet is just $0.7, the jackpot did not quickly came to me so I play the slots with patience and I think I created the luck that help me to win the jackpot.

The criteria for good gamblers are those who understand gambling is not a good way to make money. Indeed they play gambling like others, but they also think about the risks after playing gambling and will not bet all their money on that day. And if someone like you does win $400, that means you have luck on your side, which is very rare for most gamblers.

But a good gambler can also experience many losses because he loses control of himself at the gambling table, and many gamblers have experienced this. So we must be very careful when gambling and try to be good gamblers.

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Quote from: Silberman on January 13, 2023, 09:55:38 PM

Quote from: gagux123 on January 13, 2023, 06:24:19 PM

I confess that I had not read this topic in detail.
I imagine that some of these types of criteria may be more relevant than others, not all people think the same way and consequently the same type of criteria cannot be relevant to another person, I even dare say that most of these characteristics /criteria are subjective (of course, some more than others)

I suppose some characteristics which make a good gambler are going to change depending on the games you prefer to play, but at the same time there are other characteristics that I would guess should be pretty much the standard and self-explanatory, like keeping your gambling money separated from the rest of your money and never touch it should be one of the most basic skills of a good gambler, as if someone is incapable of even doing this much then they will eventually get into money problems.

It's all about what game we played, for example in roullete. It's all about risk management, we cannot just all in the money in our bets in red, black, straight, even or odds and many more. A good gambler has a characteristics of good risk management where the gamble can play a long game. It's all about compounding, risk can be manage if you really understand the rules of the game. Thinking the probability is also important because it can be our catalyst or source of idea that can help us to make a better decision.

When it comes to slots, it's all about patience and luck. I recently played in a fancy casino where I win $400 in a game called mighty cash and my bet is just $0.7, the jackpot did not quickly came to me so I play the slots with patience and I think I created the luck that help me to win the jackpot.

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Quote from: Fredomago on January 14, 2023, 04:57:58 AM

Quote from: gagux123 on January 14, 2023, 04:03:00 AM

I have a question and came to my mind, could financial education can be a relevant factor for people not to lose a lot of money in gambling, casinos and other games?

Taking this one, financial education will direct you to stay away from gambling. Just my opinion since financial education will lead you to focus with how you can gain money and avoid you to overspend in things that's not necessary, though we do have our own take and having good education on how to value your assets will save you to any financial losses.

Seems that it will depend on how you can really control and how good you are in limiting your budget if in case you are into these activities.

I think that if you become financially literate something the author of the book "Rich dad,poor dad" reiterates during all his book as the best of advice to a financial prosperity you don't gamble at all.The author of that book insisted a lot on this financial education that would make a difference and point toward not to work to save money but to make money work for you,he used to buy debt in crisis time and with that to buy cheap real estate which is how he become that successful.

The analogy here is that if you become financially literate you most probably do not gamble at all.

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Quote from: gagux123 on January 14, 2023, 04:03:00 AM

I have a question and came to my mind, could financial education can be a relevant factor for people not to lose a lot of money in gambling, casinos and other games?

Taking this one, financial education will direct you to stay away from gambling. Just my opinion since financial education will lead you to focus with how you can gain money and avoid you to overspend in things that's not necessary, though we do have our own take and having good education on how to value your assets will save you to any financial losses.

Seems that it will depend on how you can really control and how good you are in limiting your budget if in case you are into these activities.

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Quote from: Lanatsa on January 12, 2023, 06:51:08 PM

You cant really be sure of that because on the time that these wealthy gamblers or does have lots of money would come into a point where they would really be minding with their huge losses and its impossible

that you wont really be able to notice out that you are gradually losing huge money on longer run which on the time that you are making yourself that aware already then this is where emotions would kick in.

Desperation would takes place and this is where you do mess up even more because you would really be that in a hurry on trying to break even on what you had lost.
In gambling whether you are a whale or not, we do share up on the same motive which is to make profits.

I agree with you, it doesn't matter if we are a high roller or not, the casino games are still the same for all of us. As long as our bets are a percentage of our total bankroll there is a lot of similarities between a whale and the average gambler. Sure the winnings of a whale will be much larger than for any other gambler, but so are going to be his losses. Being a good gambler doesn't mean that we have to become a whale, a good gambler can stick to play with smaller amounts. In my opinion a good gambler is someone who has a good life and manages to gamble regularly without becoming addicted and without facing large losses. A good gambler is someone who still enjoys gambling for the excitement and has no trouble to take a break from playing with money. The best attribute of a good gambler is being responsible in the way he places his bets. Becoming too concerned with winning and losing is not helpful in gambling in my opinion, we need to be not too much emotionally invested when playing with money, otherwise we can’t keep making rational decisions.

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Quote from: _act_ on January 14, 2023, 03:04:00 AM

You can check what the OP put down, even if you can not read it in details, you can still read the main points which should not take up to a minute to read. To me as I see it, good gambling should have the characteristics the OP put down if they do not want to gamble and be disappointed at their losses, but some can consider profit while gambling but not in a way they see it as income but in a way to watch close that they do not have much losses too and able to control their gambling, they should not let gambling take control over them.

Hmm, well, that's interesting!
In any case, having control of yourself is extremely important.
Sometimes a person can lose a lot of money trying to recover what he lost, this is a problem and I believe that several people do this. Summing up, "mindset" is a very important.

A have a question and came to my mind, could financial education can be a relevant factor for people not to lose a lot of money in gambling, casinos and other games?

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Quote from: Indrawan77 on March 23, 2018, 08:44:10 AM

~
a good gambler know when to stop
Setting a limit is very important in gambling, setting a lost limit will prevent you to over spend your money and setting a win limit is also important because in the long run the house got a bigger chance to win due to the house edge ~

I agree that setting a lost limit is very important. From my experience, I often go over that limit, but still, if it's set, I usually don't spend much above it, definitely not more than I can afford to lose.

As for the win limit, I disagree. To be honest, I can't even imagine how that should work. Say, you won $1,000. Should you never gamble again, or should you just change the house(or, the platform)?

_act_

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Quote from: gagux123 on January 13, 2023, 06:24:19 PM

I confess that I had not read this topic in detail.
I imagine that some of these types of criteria may be more relevant than others, not all people think the same way and consequently the same type of criteria cannot be relevant to another person, I even dare say that most of these characteristics /criteria are subjective (of course, some more than others)

You can check what the OP put down, even if you can not read it in details, you can still read the main points which should not take up to a minute to read. To me as I see it, good gambling should have the characteristics the OP put down if they do not want to gamble and be disappointed at their losses, but some can consider profit while gambling but not in a way they see it as income but in a way to watch close that they do not have much losses too and able to control their gambling, they should not let gambling take control over them.

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Quote from: nullama on January 13, 2023, 11:12:37 PM

Quote from: Silberman on January 13, 2023, 09:55:38 PM

~snip~
I suppose some characteristics which make a good gambler are going to change depending on the games you prefer to play, but at the same time there are other characteristics that I would guess should be pretty much the standard and self-explanatory, like keeping your gambling money separated from the rest of your money and never touch it should be one of the most basic skills of a good gambler, as if someone is incapable of even doing this much then they will eventually get into money problems.

Yeah, that requires self control, and many gamblers don't have that. Specially the problem gamblers, they tend to use extra money to try to get back in the game after they lost their main gambling money.

Of course we all know that eventually they end up losing that extra money as well, so it's just worse in the end. At least the gambler that has self control doesn't end up losing everything.

We know how gambling really gives entertainment to people and of course in some point it has a possibility that can affect your emotions even though the focus of it is just to give entertainment which equals to fun and excitement some gamblers already take seriously on playing like they make a huge bet now, revenge gameplay and etc. that makes them loses a lot more that's one of the major factors that might affect their moods and decision making that makes worst upon their playing. A well good gambler knows how to make themselves more discipline with their actions and how to handle money properly.

Topic: Criteria of a good gambler - page 3. (Read 38032 times)