Criteria of a good gambler - page 31.

coin-boss

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I think one of the major criteria that you have missed in OP, is that a good gambler knows how to correctly balance risk and reward, and has a correct understanding of the true odds involved, without having their perception warped by media or promotional content.

For example, a good gambler knows that although the lottery has a $100m grand prize, there is a much less than 100M/1 chance of him winning by buying a dollar lottery ticket. Whereas a good gambler would rather bet on the $1m grand prize lottery that has a 1.5M/1, as statistically, his equity is higher.

As for being warped by media, most new gamblers are warped as to the frequency of winning based on what they see on TV when reality this neglects the millions of people that didn't win.

In my Risk and Finance Manager career, I worked for multiple Betsoft, Netent and RTG Casinos, including the big brands. I know this Business. I came here to say that I like the OP's Post a lot, this is how it should be. And this Thread got even better, this addition here from Spiker is truly amazing.

I personally don't gamble but I pay couple EUROS for playing MMORPG's, I can't even win Money. With gambling, you could... IMHO gambling is another Form of Entertainment, not more and not less. Like going to see a good Movie, play a Computer game or another Hobby perhaps. Just always need to keep in mind that Money is involved and follow the OP and spiker777 input here, really nothing to add to it, its perfect advice.

cheers

P.

pluMmet

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Gamblers good was he who can make the game as if merges with him and able to make a good strategy that made her win, and also can estimate how many to be in backed

sana54210

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Quote from: Juliedarwin on April 11, 2018, 10:15:59 AM

A criteria for a good gambler is knowing what their own limits to play. And they are also known what is the consequences in terms by using and playing as a gamblers.

There is nothing like a good gambler and definitely its criteria can also not exist. I am not criticizing anyone but it is like differentiating bad criminal from good criminals while they are criminals.Gambling is not respected and this is considered one of the worst activity in the world. All it brings to the player is desperation, depression, frustration and financial problems. Better to not be a gambler.

Opekin

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Quote from: Rinsend on April 11, 2018, 07:29:29 PM

Quote from: crwth on April 11, 2018, 11:49:20 AM

Quote from: okissabam on April 11, 2018, 11:45:54 AM

Great points you have listed as a criteria of a good gambler OP, however I did notice that most of thw gamblers I know does the opposite thing that you’ve mentioned. And I think the root of all of these is that when one person becomes greedy, all of the criteria you’ve mentioned will be done the opposite, because most gamblers are doing what they are doing because of money.

We cannot be perfect for everything and in my opinion people who have the knowledge to become better in gambling has those criteria. It's all about the emotion of the person and how he or she will react when they win or lose in a gambling situation.

The first thing most required is that we should be able to control ourselves, if we can not do it, then other criteria we can not do. But instead, if we can control ourselves well, then all the criteria we can do gradually. So, control yourself first, just master the other.

Many gamblers anticipate that they can earn instant money therefore they ignire that criteria and for the wise gamblers that is not only focused in money have a good insight looking to all aspects and not only to make money. Controlling, learning to be wise and creating a good strategy.

Rinsend

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Quote from: crwth on April 11, 2018, 11:49:20 AM

Quote from: okissabam on April 11, 2018, 11:45:54 AM

Great points you have listed as a criteria of a good gambler OP, however I did notice that most of thw gamblers I know does the opposite thing that you’ve mentioned. And I think the root of all of these is that when one person becomes greedy, all of the criteria you’ve mentioned will be done the opposite, because most gamblers are doing what they are doing because of money.

We cannot be perfect for everything and in my opinion people who have the knowledge to become better in gambling has those criteria. It's all about the emotion of the person and how he or she will react when they win or lose in a gambling situation.

The first thing most required is that we should be able to control ourselves, if we can not do it, then other criteria we can not do. But instead, if we can control ourselves well, then all the criteria we can do gradually. So, control yourself first, just master the other.

Shikaina

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Quote from: Hazaki on April 10, 2018, 07:27:14 PM

I guess that a good gambler also has a strategy that he follows strictly , and that he has developed a way to control himself and his spending habits in order to limit the losses . A good gambler will be someone that doesn't let greed take over because that's very destructive if it gets the control .. A good gambler should always know whether the money he'll be placing on his hobby is dispensable or not , because anyone who risks money he can't loose is someone that lacks responsibility , common sense and wisdom ..
And on top of all , a good gambler knows where to quit and call it a day , because many fail to do so and end up loosing it all in a single night ..

Well said. I think over time a gambler is playing the kind of game will come to develop strategy based on his experience over time. He has to change his approach everytime if the same approach does not work. Try and try until you get the right technique.

BTCeminjas

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The OP post was a very informative way not to become addicted to gambling because at this statement you will know how to control your self in gambling or you just have a limitation to gambling activity that should not good for us especially for those people were chasing money on gambling or those they made gambling as a source of income.
Good post OP highly appreciated.

Loveydovey04

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Quote from: BabyBoss on March 23, 2018, 08:48:15 AM

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

A lot of people wonder what is the criteria of a good gambler, here are some of my thought about good gambler

a good gambler never chase profit
Profit might be the first reason why people gamble, but a good gambler never attached to the profit, the most important thing in gambling is excitement and fun experience, having profit is just the bonus

a good gambler able to control himself / herself
Self controlling is very important in gambling, without a clear mind there will be a lot of mistakes in betting and even causing reckless betting and losing all of the money in split second

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

a good gambler never cause any problem to the surrounding
A good gambler know that the chances of losing money in gambling is huge, so a gambler should never used daily needs money or borrowing money to gamble, and a gambler should never think of robbery or stealing to gamble

a good gambler can accept lost
When losing a good gambler won't blame the surrounding, cursing or accusing the casino as fraud places, losing is the half part of gambling, if you can't accept lost then dont start to gamble

a good gambler should able to manage the time
A good gambler know how to split the time for family, for friends and for gambling, a good gambler never neglected family or friend just because of gambling

We must encourage people to become a good gambler, so people won't always have a bad judgement about gambler

Thank you for sharing this, actually I take as advice since you wrote a very nice post about a good gambler. On how to become a good gambler. This is really helpful to all gamblers that they should think about it while they are playing gambling.

These are good advices but not all gambler can do it. Well, your number one criteria is good but you cannot take from gamblers’ mind that they want to win and the truth that no gambler wants to lose make it difficult to have this kind of criteria.

crwth

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Quote from: okissabam on April 11, 2018, 11:45:54 AM

Great points you have listed as a criteria of a good gambler OP, however I did notice that most of thw gamblers I know does the opposite thing that you’ve mentioned. And I think the root of all of these is that when one person becomes greedy, all of the criteria you’ve mentioned will be done the opposite, because most gamblers are doing what they are doing because of money.

We cannot be perfect for everything and in my opinion people who have the knowledge to become better in gambling has those criteria. It's all about the emotion of the person and how he or she will react when they win or lose in a gambling situation.

okissabam

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Great points you have listed as a criteria of a good gambler OP, however I did notice that most of thw gamblers I know does the opposite thing that you’ve mentioned. And I think the root of all of these is that when one person becomes greedy, all of the criteria you’ve mentioned will be done the opposite, because most gamblers are doing what they are doing because of money.

Juliedarwin

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A criteria for a good gambler is knowing what their own limits to play. And they are also known what is the consequences in terms by using and playing as a gamblers.

Daimon88

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Quote from: logicgate on April 09, 2018, 01:42:51 PM

Quote from: TheUltraElite on April 08, 2018, 05:28:07 AM

Quote from: Whosdaddy on April 07, 2018, 05:29:06 AM

Gamblers are very well aware about the consequences of gambling in their latter part of life but they stand like helpless creature in front of a devil named gambling. This devil has made them bough down in front of him just by giving more money in short time periods so that they can live a life they wanted to live.

No exclusively true. Many gamblers have been driven away from gambling - started to hate the fact that they gamble and waste their money and started living the life of a redeemed man. There are people who are affected from this addiction but are trying to get over their habits.

Quote

The greed of more doesn’t allow them to stop even if they are trying to stop on their own.

That greed is universal for everything in life, not restricted to gambling.

Quote

I believe no one can be a good gambler for ever in his career with gambling as gambling never gives room for anyone to enjoy such a status. We may finish off neutral with gambling but achieving a status of good gambling, no I believe it will be highly impossible.

Depends on how you define "good"; it is a relative term and thus good can be in terms of earning "good" amount of money or can be for being a good person.

It is silly to set and criterion to judge whether a person is a good gambler or not. A good gambler could never exist simply due to reason that gambling is entirely dependent upon the luck of an individual and we all have to face hardships in these backgrounds at some time or the other. Yes a good gambler could be marked by a single characteristic and he is someone not fallen prey to his own addiction.

There’s no criterion of a good gambler as far as my knowledge is concerned. If the person remains patient, he would easily become a good gambler because gambling requires a lot of patience. People who are impatient can never become a good gambler because in gambling, not every time the person wins when he plays and the impatient one can never survive in these situations and most probably would die.

BaraxLo

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Quote from: TheUltraElite on April 10, 2018, 09:49:59 AM

Quote from: logicgate on April 09, 2018, 01:42:51 PM

It is silly to set and criterion to judge whether a person is a good gambler or not. A good gambler could never exist simply due to reason that gambling is entirely dependent upon the luck of an individual and we all have to face hardships in these backgrounds at some time or the other. Yes a good gambler could be marked by a single characteristic and he is someone not fallen prey to his own addiction.

I dont know why you are not able to understand what I said in the post I quoted. But I will make it even simpler. Being good or bad depends on what is good or what is bad. If we talk about being good in gambling - then its a bluff because in gambling long term profit is negative. Being a good person is different.

A person can be a good human being but a gambler at the same time. The latter does not make the person a bad human being unless their gambling habits take over their better half.

A person can never be a good man if he is a gambler. Simple reason is, he even doesn’t know the right and wrong for him so how can we considered him better citizen for his country and a good habitant of his society. What expectation we can made from such person who even don’t care of this family needs and wasting everything he had, just for the sake of fun and enjoyment.

carodupuis

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Quote from: pluMmet on April 06, 2018, 09:00:44 AM

Criteria gamblers good I know may have ingenuity and intelligence set up a strategy to gambled because strategy is very important to a gamblers and gamblers have a good luck big because like any luck is highly influential

I don’t think strategy works in that sophisticated environment. Gambling is all about the luck and if you don’t have luck at that particular day, believe me you are just going to lose. So better is to be lucky every day or just leave this game because you will definitely be meeting big bigger losses every day. That is the reason behind the advices of people who are considered as an expert gamblers to quit gambling as soon as possible.

BTCappu

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Quote from: Thomas B on April 09, 2018, 03:59:46 PM

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

A lot of people wonder what is the criteria of a good gambler, here are some of my thought about good gambler

a good gambler never chase profit
Profit might be the first reason why people gamble, but a good gambler never attached to the profit, the most important thing in gambling is excitement and fun experience, having profit is just the bonus

a good gambler able to control himself / herself
Self controlling is very important in gambling, without a clear mind there will be a lot of mistakes in betting and even causing reckless betting and losing all of the money in split second

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

a good gambler never cause any problem to the surrounding
A good gambler know that the chances of losing money in gambling is huge, so a gambler should never used daily needs money or borrowing money to gamble, and a gambler should never think of robbery or stealing to gamble

a good gambler can accept lost
When losing a good gambler won't blame the surrounding, cursing or accusing the casino as fraud places, losing is the half part of gambling, if you can't accept lost then dont start to gamble

a good gambler should able to manage the time
A good gambler know how to split the time for family, for friends and for gambling, a good gambler never neglected family or friend just because of gambling

We must encourage people to become a good gambler, so people won't always have a bad judgement about gambler

To my mind, good gambler is not exsist.

I believe this too. There is no concept of right and expert or you can say a good gambler. The reason behind this is simple. People who have been in this field since long times, they are advising others now to quit it as soon as possible because it is just killing you. Nobody can ever get benefit from gambling. And just research out if you don’t believe this, you will never find a happier person through gambling.

tbterryboy

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Quote from: Questat on April 07, 2018, 02:10:43 AM

Quote from: emberbekas on April 06, 2018, 11:49:44 AM

Quote from: izanagi narukami on April 06, 2018, 10:32:43 AM

Quote from: pluMmet on April 06, 2018, 09:00:44 AM

Criteria gamblers good I know may have ingenuity and intelligence set up a strategy to gambled because strategy is very important to a gamblers and gamblers have a good luck big because like any luck is highly influential

IMO, it's human greed.
Why people keep gambling although luck can't help them, although they will loss eventually ?
Greed makes people to seek more than their limit , sometimes greed control their mind to keep gambling although they have risk everything !

Yes, despite the many bad examples of gambling, the number of people who gamble never seems to be reduced. Greed takes a high role in this type of game and it seems to be the same for a long time. So, a good gambler may can be attached to those who are able to control their greed.

That is because gambling is growing and more people are enjoying it despite the fact that they are losing money.
Actually those who are smart enough and know the risk, they would not consider it a lose but a payment for the entertainment.
Maybe those people who are greedy and they do not see the risk will suffer more loses.

A person who is enjoying despite he is losing money is either very rich or playing with someone else’s money because nobody can claim to feel okay after facing defeat in gambling. And if you ask me, it is a very sad reality that gambling is becoming famous with every passing day. More and more people are becoming its victim, especially after the facility of online casinos.

bitgolden

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Quote from: TheUltraElite on April 08, 2018, 05:28:07 AM

Quote from: Whosdaddy on April 07, 2018, 05:29:06 AM

Gamblers are very well aware about the consequences of gambling in their latter part of life but they stand like helpless creature in front of a devil named gambling. This devil has made them bough down in front of him just by giving more money in short time periods so that they can live a life they wanted to live.

No exclusively true. Many gamblers have been driven away from gambling - started to hate the fact that they gamble and waste their money and started living the life of a redeemed man. There are people who are affected from this addiction but are trying to get over their habits.

Quote

The greed of more doesn’t allow them to stop even if they are trying to stop on their own.

That greed is universal for everything in life, not restricted to gambling.

Quote

I believe no one can be a good gambler for ever in his career with gambling as gambling never gives room for anyone to enjoy such a status. We may finish off neutral with gambling but achieving a status of good gambling, no I believe it will be highly impossible.

Depends on how you define "good"; it is a relative term and thus good can be in terms of earning "good" amount of money or can be for being a good person.

Well, definitely if this question is being asked on this forum and without considering any particular person, then surely this would be about the person who is good in earning money. But in my opinion, there is no good person in gambling.

No one can earn big money in their life just from gambling. We haven’t seen any big name till now who have made so much money with this. So don’t get involved in this harmful game.

crwth

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Quote from: ethereumhunter on April 11, 2018, 01:47:54 AM

Quote from: Questat on April 10, 2018, 11:54:47 PM

Quote from: lienfaye on April 10, 2018, 11:44:48 PM

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 in this one, its important to have limitation when you gamble because if you dont have control in the money you spend in gambling you might lose all of your money for trying your luck again and again. Now when I gamble, I know to myself when to stop because im aware of the consequences if I didnt control myself because I used to be the kind of gambler who dont mind even if I lose so much.

What is important is we only spend what we can afford to lose and we need a discipline to be able to do it.
Gambling is very risky especially to people who are too emotional because they always take revenge and they lose control of themselves when they have a losing streak.

not just discipline, but we need to control our emotion in gambling because if we are lost, we can attract to spend more money which could get more losses. many gambler having lose their emotion in gambling because of they cannot win the games and their lose is too big so they become desperate with the conditions. a good gambler knows when the time to play the games and when should stop the games.

I agree that emotion is what makes us very vulnerable to lashing out or being out of control of something. Even in just playing games, we experience that when we have a teammate who is really not compatible with the team. It's just annoying like that and that's how you lose control. I think we should be controlled in a way like that.

ethereumhunter

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Quote from: Questat on April 10, 2018, 11:54:47 PM

Quote from: lienfaye on April 10, 2018, 11:44:48 PM

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 in this one, its important to have limitation when you gamble because if you dont have control in the money you spend in gambling you might lose all of your money for trying your luck again and again. Now when I gamble, I know to myself when to stop because im aware of the consequences if I didnt control myself because I used to be the kind of gambler who dont mind even if I lose so much.

What is important is we only spend what we can afford to lose and we need a discipline to be able to do it.
Gambling is very risky especially to people who are too emotional because they always take revenge and they lose control of themselves when they have a losing streak.

not just discipline, but we need to control our emotion in gambling because if we are lost, we can attract to spend more money which could get more losses. many gambler having lose their emotion in gambling because of they cannot win the games and their lose is too big so they become desperate with the conditions. a good gambler knows when the time to play the games and when should stop the games.

Questat

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Quote from: lienfaye on April 10, 2018, 11:44:48 PM

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 in this one, its important to have limitation when you gamble because if you dont have control in the money you spend in gambling you might lose all of your money for trying your luck again and again. Now when I gamble, I know to myself when to stop because im aware of the consequences if I didnt control myself because I used to be the kind of gambler who dont mind even if I lose so much.

What is important is we only spend what we can afford to lose and we need a discipline to be able to do it.
Gambling is very risky especially to people who are too emotional because they always take revenge and they lose control of themselves when they have a losing streak.

Topic: Criteria of a good gambler - page 31. (Read 38032 times)