Does Low Risk Gambles Create Success ? Does this made you a Smart Gambler?

Caladonian

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Quote from: kaya11 on May 29, 2019, 01:26:56 AM

I think it’s not easy to be a smart gambler and it takes a long time to become a professional gamblers also. For me I don't really look onto this, I am just a mere gambler to past time, if I win the I guess it is a bonus for me. I don't feel regretting when losing streaks, as it will just consume you and gives you stress. Some people, however, see gambling as a way to earn money. It may even be a substitute for a job to them. Unfortunately, such a view can only bring trouble in the long term.

They are some of those well educated gamblers who able to find right system to take some good edge with their knowledge, they've getting some good
benefits even in a small profits but continuously doing it little by little, trying to win small amount and quit after is a practice that needed a lots of things
to achieved.

Greed mostly the big factors to removed from this activity, if you wanted to keep getting green and move positively.

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Quote from: AjithBtc on May 29, 2019, 01:36:51 AM

Being a smart gambler is possible when you limit the spending as well expect a small profit out of it. People want small amount to be risked for a much bigger profiting which happens with one in hundred who seems to be the luckiest. With casinos or sports betting when you find yourself unlucky decrease the fund spend on that day. This will reduce the loss as well help with a maximum winning.

Exactly, this seems to be a plan as you are setting yourself a limit wherein when you already reach it, then you should stop and then come back for another day to give yourself a shot. This technique is too helpful to prevent yourself getting too much in gambling which could cause you most likely to loss.

AjithBtc

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Being a smart gambler is possible when you limit the spending as well expect a small profit out of it. People want small amount to be risked for a much bigger profiting which happens with one in hundred who seems to be the luckiest. With casinos or sports betting when you find yourself unlucky decrease the fund spend on that day. This will reduce the loss as well help with a maximum winning.

kaya11

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I think it’s not easy to be a smart gambler and it takes a long time to become a professional gamblers also. For me I don't really look onto this, I am just a mere gambler to past time, if I win the I guess it is a bonus for me. I don't feel regretting when losing streaks, as it will just consume you and gives you stress. Some people, however, see gambling as a way to earn money. It may even be a substitute for a job to them. Unfortunately, such a view can only bring trouble in the long term.

mitchr4

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Smart Gambler knows when when to stop, you can say these people are low risk gamblers who don't want to make a mistake they made. It means they can control themselves from the brink of greed when they win. But being a low risk gambler will still get a risk. By the way we can't so easily beat the house even you Smart and Low Risk gambler.

imstillthebest

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Yes of course . low risk means you will have more chance to win but i think that the rewards you will get is also going to be lesser . i have tried it actually when i sometimes play dice games in which i set the chance bar to over 50 to 60 % but i dont think that this can make you a smart gambler since you will be only wasting alot of time doin this to get a good amount of profits .

smyslov

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It's possible they go for small bets to test if is their lucky day, they know that even if they are well-experienced luck still an important factor for them to play wisely, smart gamblers know how and when to stop, they always almost do not carry their ATM with them and just rely ontheir allocate funds for gambling.

Kavelj22

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Quote from: harizen on May 28, 2019, 05:28:18 PM

*deal with yourself properly against the worst acts of human nature
*not acting like a hungry cow
*calm and relax even on loss
*ability to managed properly the bankroll
*knows how to take advantage of odds
*can somehow turn disadvantages to advantages especially in strategy based gambling games
*able to cope up with the losses
*still have rooms for social interaction in real life

Do you really think that someone would have those qualities and do gambling as his favourite pastime!? It's then an illusion to be a smart gambler even you make high profits from low bets, and that stop losing is not just by making winnings; it's enough smartness just to put end to playing till next round. However, as said in one of the posts above: being a gambler with low risks is a risky thing

Thank you for your great answer harizen.
I will close this topic to avoid spam.

harizen

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Quote from: Kavelj22 on May 26, 2019, 12:07:12 PM

What should be the right definition of a Smart Gambler?

Don't know literally what's should be the real definition of that but on my point of view, if you able to:

*deal with yourself properly against the worst acts of human nature
*not acting like a hungry cow
*calm and relax even on loss
*ability to managed properly the bankroll
*knows how to take advantage of odds
*can somehow turn disadvantages to advantages especially in strategy based gambling games
*able to cope up with the losses
*still have rooms for social interaction in real life

..then I can say that a person is a Smart Gambler. Not just a Smart Gambler but a Responsible gambler.

leowonderful

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Sometimes yes, sometimes no. Managing risk and your bankroll is extremely important if you're trying to make whatever you have last, and I used to do this back when I bet often on CS:GO (an esport game) matches; I carefully managed my bets like I would manage trades, I placed bets where the risk-to-reward was good, and I managed to come out on top quite often.

Being smart also involves knowing when to stop as well. You might just not have good luck one day, and stopping can help protect you from further losses. At the very minimum you should not be gambling money you cannot afford to lose.

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Being a smart gambler is to know when to stop like you stop gambling when you win huge amount and think of a plan like storing your capital and gamble your profit and when to stop when you lose too much or you will be broke. When I gamble let's say for example my capital is 1 BTC and I won 5 BTC (Very Lucky) which my gains is 4 BTC and then I'll gamble the half of BTC I won which is 4 BTC so, my new balance to gamble is 2 BTC and I have 3 BTC saved, after I gamble my 2 BTC but the result is different tgis time let's say that I lost 1 BTC and 1 BTC left from new balance or new capital so, i'll stop gambling for now and play next time or tomorrow to play again and having fun. I don't know what you guys will do when gambling but for me that's how I gamble (not saying that i'm a smart gambler, just sgaring what will I do when it comes to gambling).

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Small bets would normally give gamblers win that is proportional to their bets. Multiple bets at a time is the right words to use., The word "small betting" is relative to the wealth of gambler. A wealthy gamblers may use the multiple bets without betting with "small amounts".

This hoverer is one of the most sensible thing to do in probability based gambling

klaaas

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Quote from: SirLancelot on May 28, 2019, 07:09:31 AM

Success is success if it is in low risk gambling or in high risk gambling and by the way every game has its own level of difficultie

That is correct but mostly it will be that with lower risk bets the success rate will need to be higher to out weight the higher more risky bets if your aim is gain.

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Quote from: sheenshane on May 27, 2019, 02:05:43 PM

Quote from: ?? on ??

Then i think you can't really gamble without risk still you can do it little by little like start with small bet until you can afford big bet then base in your luck you can really earn big in small bet but that's so hard like it takes time that it can really happen like low chance only

No. It's just that, if you are a low-risk gambler, you will get a lot of chance to win and lose compared to those who are playing risky in gambling and betting their everything in an all in one bet. It won't also make you a smart gambler. It's just that you just wanted to get anything slowly. The thing that will make you a smart gambler is to know when is the time to go home and get your profit from the play.
It also depends on the total of the assets you have.

If you are a low risks gambler but a rich one, you may simply bet a 1M$ with a low-risk bet because you have 10Billion$ in your bank. Cheesy

Success is success if it is in low risk gambling or in high risk gambling and by the way every game has its own level of difficulties and its uncertainties so I think that irrespective of the game if it is low risk or high risk, if you are winning, you are the boss. Success could be defined in many ways here. You could call learning in gambling a success or making money in gambling.

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Quote from: Kavelj22 on May 26, 2019, 12:07:12 PM

From a neutral view point, it's always needed to make gambling decisions in a neutral mood (which is extremely hard as human beings) and smart gambling is a habit forming, IMO.
By looking for a definition for the Smart Gambler, i found this:

Quote from: https://www.urbandictionary.com/define.php?term=smart%20gambler

A smart gambler is one who does not go to the ATM at the casino.

What should be the right definition of a Smart Gambler?

I don't have past stories about gamblers making huge profits without risks, but this lead me to ask; is this even possible? Does it really exist those smart players who can make make small bets that win big?

That simple definition of the urbandictionary for smart gambler says it all in my opinion.
A smart one will only use his allotted money for that day and not considering of getting the extra cash from his bank account when he loses.
One should know the limits and the repercussions if he will play beyond his limits.

sheenshane

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Quote from: ?? on ??

Then i think you can't really gamble without risk still you can do it little by little like start with small bet until you can afford big bet then base in your luck you can really earn big in small bet but that's so hard like it takes time that it can really happen like low chance only

No. It's just that, if you are a low-risk gambler, you will get a lot of chance to win and lose compared to those who are playing risky in gambling and betting their everything in an all in one bet. It won't also make you a smart gambler. It's just that you just wanted to get anything slowly. The thing that will make you a smart gambler is to know when is the time to go home and get your profit from the play.
It also depends on the total of the assets you have.

If you are a low risks gambler but a rich one, you may simply bet a 1M$ with a low-risk bet because you have 10Billion$ in your bank. Cheesy

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Quote from: Kavelj22 on May 26, 2019, 12:07:12 PM

From a neutral view point, it's always needed to make gambling decisions in a neutral mood (which is extremely hard as human beings) and smart gambling is a habit forming, IMO.
By looking for a definition for the Smart Gambler, i found this:

Quote from: https://www.urbandictionary.com/define.php?term=smart%20gambler

A smart gambler is one who does not go to the ATM at the casino.

What should be the right definition of a Smart Gambler?

I don't have past stories about gamblers making huge profits without risks, but this lead me to ask; is this even possible? Does it really exist those smart players who can make make small bets that win big?

For me, the definition of smart gambler is,

"A person who is aware of his risk taking capability and stays within the limit."

Humans are emotional and majority of the mistakes we do because of emotions. But that one quality also sets us apart from the rest of creatures. So there are positives and negatives of human emotions.

There are examples where gamblers have made big bucks from a casino and there are examples of people who went bankrupt because of gambling. There are also a group of gamblers who gambles for pleasure. Now it's upto an individual on what kind of gambler they want to be!

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Quote from: GreatArkansas on May 26, 2019, 09:47:21 PM

Quote from: Kavelj22 on May 26, 2019, 12:07:12 PM

Does it really exist those smart players who can make make small bets that win big?

The bigger the risk, the bigger the reward. But that is very risky, you can lose your funds in easily, what is good is you should think that the longer you will stay, the huge reward you will earn.

Try to risk a small number of your funds, but "If I risk a small amount, I will have a small reward", it's ok. As long as you will stay and the longer you stay, the huge reward you will gain.

Do you really mean it ?

It's not a kind of smartness or to be the luckiest one on earth, as you confirmed, i just have to stay long (which i know how much) making thounds and thounds of small bets and wait for the gain !!

This should to be a great advice from an old professional gambler Cheesy

Quote from: mu_enrico on May 27, 2019, 12:03:02 AM

Quote from: Kavelj22 on May 26, 2019, 12:07:12 PM

Quote from: https://www.urbandictionary.com/define.php?term=smart%20gambler

A smart gambler is one who does not go to the ATM at the casino.

"one who does not go to the ATM at the casino" does not mean that the guy won, but it means that you should stick to the initial plan. If you plan to gamble with $100, then you should never draw more money if you lose all of your $100.

Thank you for clearing it, this look more appropriate now. Even so, it means that smart gamblers would not lose more than expected (nice defintion).

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Quote from: Lakai01 on May 26, 2019, 01:39:28 PM

Quote from: acroman08 on May 26, 2019, 12:35:32 PM

The smart gambler are the ones who knows when to stop either you are winning or losing being logical
and reasonable while gambling helps you a lot to think clearer and make the right decision when it is needed.

Exactly, but this is not only true for gambling. Keeping your mind clear and feelings out is a key for being successful in (crypto) trading as well. Big losses happen in hurries or bad mood, same goes for gambling when you eg. wont believe that you are at a loss streak and keep on playing.

When it comes to gambling, there is something called probability you have to face and facing probability or randomness is not easy which makes it equally risky so if it is a low risk or high risk game, the loss of money and value makes it challenging and yeah if you are able to defeat the house and win, you are the intelligent gambler and are succeed.

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Quote from: izanagi narukami on May 27, 2019, 07:43:36 AM

Low risk gambler = loss eventually
High risk gambler = the winner

Let's take a look for Dan Bilzerian as the winner, he not gamble with low risk / low capital,right ?
He have guts and luck so they meet at the perfect time !

I think Dan Bilzerian fabricated most of his past. He got most of his money from his father, who went to jail for defrauding people. Of course he plays poker but nowhere near the pots he was routinely claiming. He uses the whole poker story as a front for how we really obtained his money.

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