What makes a good bettor? - page 3. | Bitcointalksearch.org

johhnyUA

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Quote from: kryptqnick on August 08, 2020, 11:07:40 AM

I've been thinking about betting and what allows a person to be good at it. There's reason to believe that betting on, say, sports, is skill-based, as at least there are some people famous for being good at it. But if a person is betting on horse races, does the person need to know a lot about horses and horse races or can one be a successful bettor based on other things (for instance, choosing a certain strategy based on the odds or simply reading what others say about an upcoming race)? Is it about knowing how to bet or what you're betting on, what do you think? And do you think betting something a person can become good at or is it that there's a low probability of there being people who bet successfully on a regular basis and these people just exist?

The true success will happen if you doing two things: combining knowledge about subject of betting (i think this is 2/3 of success) with a needed strategy of betting (1/3 of success ). But "strategy" is more about accounting of your bets rather than some "magic" actions like probability strategies or expected value.

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A bettor needs to have a certain level of knowledge and understanding on a sport/game that he wishes to place his money on. You do not blindly bet on something because you're feeling lucky, and it's not most of the time that luck favors your side so you need to have some prior knowledge to the teams/athlete/player participating in a game before putting your money on their performance. A cautious bettor is a good bettor for me since they know when to stop, how to research and when to push for more bets to get the maximum profit possible. It's not enough that you have the game knowledge on your arsenal, you also need to have self-control to stop and not pushing your luck to its absolute limits, too.

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Quote from: Lanatsa on August 13, 2020, 05:30:17 PM

[snip]
From being a skilled to being well on handling out his own self while he do play. Behavior is also one of the best thing to be control out.

Well, that is right. This behavior is one of the most very hard to control once you are in gambling. Being a good bettor will start it in your self and how you manage your risk at the same time. Actually, a good bettor doesn't mean you will always win, --it means that either win or loss you should know that there is a limitation and behavior should always be important at all how to control. I dont know if all gamblers will always have this mindset, if there is, --there should not have addiction in gambling.

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Quote from: Pamadar on August 13, 2020, 08:03:44 AM

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Quote from: kryptqnick on August 08, 2020, 11:07:40 AM

But if a person is betting on horse races, does the person need to know a lot about horses and horse races or can one be a successful bettor based on other things (for instance, choosing a certain strategy based on the odds or simply reading what others say about an upcoming race)? Is it about knowing how to bet or what you're betting on, what do you think? And do you think betting something a person can become good at or is it that there's a low probability of there being people who bet successfully on a regular basis and these people just exist?

You can ask for advice on experts there are a lot of experts on what horse that will likely rule one race, we use the word likely because there is not a guaranty, you should also do your own study and come out of your own list and try to compare to your list to their lists there are so many factors they may be good in some factors and not on others, so the comparison is a big must.

There's no guarantee but it can be a good basis from each bets that you'll going to take, being a good bettor is being a good researcher as well, with good knowledge upon the game/gambling that you'll going to play.

The higher chance to win or higher chance to learn more about strategic planning for your next sets of bet.

For strategic based ones then yes but for luck based then it wont really be that much needed.Being a good bettor would be composed of several combined characteristics.

From being a skilled to being well on handling out his own self while he do play. Behavior is also one of the best thing to be control out.

On games that do need strategy then its sure that it will really be needed those factors for you to sustain and to be profitable but thats not always an assurance though.

coinfinger

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Someone who understands that gambling is not there so that gambler could make money, it is there for casinos to provide a service for you so that you could have fun a bit, like watching a football game is something you spend money on and not wait to make a profit from it unless you are the player, however some people think betting on that same game you watch could make you rich.

Certainly as a gambler you could have good days, however if you keep gambling over and over again you are going to lose, that is how the system works. At the end of the day if you insist on trying to profit, you are going to lose, that is why I think the best way to go about being a bettor is to realize that gambling is something you should have fun doing, not something you aim at profiting.

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Quote from: kryptqnick on August 08, 2020, 11:07:40 AM

But if a person is betting on horse races, does the person need to know a lot about horses and horse races or can one be a successful bettor based on other things (for instance, choosing a certain strategy based on the odds or simply reading what others say about an upcoming race)? Is it about knowing how to bet or what you're betting on, what do you think? And do you think betting something a person can become good at or is it that there's a low probability of there being people who bet successfully on a regular basis and these people just exist?

You can ask for advice on experts there are a lot of experts on what horse that will likely rule one race, we use the word likely because there is not a guaranty, you should also do your own study and come out of your own list and try to compare to your list to their lists there are so many factors they may be good in some factors and not on others, so the comparison is a big must.

There's no guarantee but it can be a good basis from each bets that you'll going to take, being a good bettor is being a good researcher as well, with good knowledge upon the game/gambling that you'll going to play.

The higher chance to win or higher chance to learn more about strategic planning for your next sets of bet.

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Quote from: maydna on August 13, 2020, 12:47:55 AM

They become greed after they win some money, and they want to repeat to get another winning. But they wrong, luck will not come twice, and even if the luck comes in the second time, that will not always bigger than the first time.

Stopping gambling will be the best decision that we can make after winning those games because we need to rest for a while after having a big tension in the games. So stopping from playing will give us a chance to take a breath, and enjoy the money which will be an important thing for the gamblers.

Probably you are right but of course there also cases that after one win in gambling and then again get some losses to which money pocketed are almost gone then suddenly another luck comes along the way during the betting. This is why others do not want to go or end playing when they can still have some fun despite of having the chances that one will lost all the way.

I think it is the prerogative of a gambler whether he wants to play more or not. And in the times that we need to get more fun this is the wa that can help one to get excitement.

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Quote from: AmoreJaz on August 12, 2020, 07:59:11 PM

in all honesty, once you are hooked in a particular game or into sportsbetting, it is hard to get out as it is really addictive. sometimes our tendency is to chase our winnings and hard to stop once you are in there. so if you want to control yourself, you have to set limits even before logging into the casino. you should know how much you can spare to lose and how much winnings are you gonna stop. without setting limits for yourself, you will just play and play up until you lose all your money

So true.

At first I thought it would be easy to get out of sportsbetting since at that time I am not actualy lossing in those bets that I am having. But after some time, especially when the quarantine happened, I started again betting on esports and I can't stop. You can't just easily say that you need to control yourself because it is very hard. What you can do is some baby steps which may lead to you controlling your bets like limiting the bets you will do and limiting the teams you need to bet on.

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Quote from: FlightyPouch on August 12, 2020, 07:46:57 AM

Quote from: maydna on August 11, 2020, 11:57:34 PM

I think it is difficult to hold on to our winnings for a long time because we cannot always have luck in the gambling games.

Holding on to our winnings will not be decided by how lucky we are, that will fall down to how you will be able to control yourself from gambling and how much you will be gambling after you win. If you don't want to lose it or maybe use it into something else, it will not be a problem if you can control yourself. I guess discipline will also fall here.

If I win, I don't want to go back to the games because I don't think that I will get another lucky as before. I prefer to stop gamble, withdraw the money if the money is big, and enjoy the money. The lucky moment will not always come to you or me, and we must realize that so we don't risk more money to gamble with the win money. If we have strong discipline, we can handle it with ease, and we can save that win money.

Quote from: LogitechMouse on August 12, 2020, 08:53:18 AM

Quote from: maydna on August 11, 2020, 11:57:34 PM

I think it is difficult to hold on to our winnings for a long time because we cannot always have luck in the gambling games.

That is the reason why most people are ending up losing all of their money because not all the time they are lucky. When we won today, there is a chance that we will not win tomorrow and we might spend our winnings yesterday to recover our losses.

You will just hold unto your winnings if you won the jackpot in a lottery and you decided to stop gambling or at least you won a very large amount and decided to stop but aside from the 2, I don't think that there is somebody who can hold it

They become greed after they win some money, and they want to repeat to get another winning. But they wrong, luck will not come twice, and even if the luck comes in the second time, that will not always bigger than the first time.

Stopping gambling will be the best decision that we can make after winning those games because we need to rest for a while after having a big tension in the games. So stopping from playing will give us a chance to take a breath, and enjoy the money which will be an important thing for the gamblers.

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Quote from: mersal on August 12, 2020, 10:19:02 AM

Quote from: FlightyPouch on August 12, 2020, 07:46:57 AM

Quote from: maydna on August 11, 2020, 11:57:34 PM

I think it is difficult to hold on to our winnings for a long time because we cannot always have luck in the gambling games.

Holding on to our winnings will not be decided by how lucky we are, that will fall down to how you will be able to control yourself from gambling and how much you will be gambling after you win. If you don't want to lose it or maybe use it into something else, it will not be a problem if you can control yourself. I guess discipline will also fall here.

Just need to get control over the greed if someone wants to hold their winnings, yes it looks simple but in real life it can be very tempting while we are gambling and won few early bets then our mind will be fixed to keep betting and looking to become a millionaire on that day itself. Cheesy

in all honesty, once you are hooked in a particular game or into sportsbetting, it is hard to get out as it is really addictive. sometimes our tendency is to chase our winnings and hard to stop once you are in there. so if you want to control yourself, you have to set limits even before logging into the casino. you should know how much you can spare to lose and how much winnings are you gonna stop. without setting limits for yourself, you will just play and play up until you lose all your money

mersal

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Quote from: FlightyPouch on August 12, 2020, 07:46:57 AM

Quote from: maydna on August 11, 2020, 11:57:34 PM

I think it is difficult to hold on to our winnings for a long time because we cannot always have luck in the gambling games.

Holding on to our winnings will not be decided by how lucky we are, that will fall down to how you will be able to control yourself from gambling and how much you will be gambling after you win. If you don't want to lose it or maybe use it into something else, it will not be a problem if you can control yourself. I guess discipline will also fall here.

Just need to get control over the greed if someone wants to hold their winnings, yes it looks simple but in real life it can be very tempting while we are gambling and won few early bets then our mind will be fixed to keep betting and looking to become a millionaire on that day itself. Cheesy

Sadlife

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Quote from: cabalism13 on August 08, 2020, 11:25:16 AM

Quote from: kryptqnick on August 08, 2020, 11:07:40 AM

What makes a good bettor?

Money.

Skills doesn't matter if you're playing at a 50-50 basis.
All you have to do is to think where to play, and somewhat have the idea on how the game works.
Besides, there are several cases that even if you lose a hundred times you are still being considered as good bettor, especially IRL.

Money is indeed one of the significant factors, but what's the point of having so much money, if you're always in a losing situation, and burning out your money because you dont have the strategy to grow your initial funds.
Yes, money is important but with a little amount. You start with it and understanding how the game works, then gradually getting better and growing your money out of it.

Another factor to consider, is the gambling site itself, because some of them have difficulty level in winnings. Yes, they can freely control the complexity of the game especially when you're in a winstreak.

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Quote from: maydna on August 11, 2020, 11:57:34 PM

I think it is difficult to hold on to our winnings for a long time because we cannot always have luck in the gambling games.

That is the reason why most people are ending up losing all of their money because not all the time they are lucky. When we won today, there is a chance that we will not win tomorrow and we might spend our winnings yesterday to recover our losses.

You will just hold unto your winnings if you won the jackpot in a lottery and you decided to stop gambling or at least you won a very large amount and decided to stop but aside from the 2, I don't think that there is somebody who can hold it

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Quote from: maydna on August 11, 2020, 11:57:34 PM

I think it is difficult to hold on to our winnings for a long time because we cannot always have luck in the gambling games.

Holding on to our winnings will not be decided by how lucky we are, that will fall down to how you will be able to control yourself from gambling and how much you will be gambling after you win. If you don't want to lose it or maybe use it into something else, it will not be a problem if you can control yourself. I guess discipline will also fall here.

maydna

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Quote from: Mauser on August 11, 2020, 02:01:22 AM

Quote from: maydna on August 11, 2020, 12:44:55 AM

~snip~

I agree, in my opinion discipline is one of the most important skills a good bettor should have. Everyone can get lucky sometimes and make a lot of money, but holding on to your winnings and losing it in the long run is the real art. So many lottery winners who won millions ended up broke again after some years. It is mandetory to make plans how you going to spend your winnings and how much you are going to reinves into new bets. So being emotional stable enough to get through bad times and keep sticking to your strategy is the main virtue of a good gambler.

I think it is difficult to hold on to our winnings for a long time because we cannot always have luck in the gambling games. The luck will come to take turns with the other gamblers, so we can't depend on luck when we gamble. When someone won a million dollars, and he cannot manage his win money, he will not have that money for a long time, but he will see that the money is gone in a short time. So we need to know what next we need to do after we can win that big money so that we can use it for good things, and we can save some amount for our future.

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Quote from: kryptqnick on August 08, 2020, 11:07:40 AM

I've been thinking about betting and what allows a person to be good at it. There's reason to believe that betting on, say, sports, is skill-based, as at least there are some people famous for being good at it. But if a person is betting on horse races, does the person need to know a lot about horses and horse races or can one be a successful bettor based on other things (for instance, choosing a certain strategy based on the odds or simply reading what others say about an upcoming race)? Is it about knowing how to bet or what you're betting on, what do you think? And do you think betting something a person can become good at or is it that there's a low probability of there being people who bet successfully on a regular basis and these people just exist?

The answer is I think simple. But let's make an argument or a set of possibilities with the matter.

If a gambler wins most of the time, is he that good?
If a gambler loses then wins then loses again, is he that bad?
If a gambler is simply addicted in gambling, is he a worst one?
If a gambler plays only when he like, would he be the best one?

Well then if you answer yes on any of the aforementioned questions, then think again. Winners and losers is just normal in gambling, whether you were smart or stupid. And playtime/how often you play it wouldn't even make you good at it nor be bad as well. But what really makes a gambler be successful is how he manage himself, his activities, and how he disciplines in every action in gambling he take. Even a stupid person can perform better, as long as you discipline yourself with learning more and more strategies and applying it to learn more by experiences.

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Quote from: perla on August 11, 2020, 02:11:00 PM

If you're talking on sports betting well yeah there are persons who really is a good bettor they will analyze all including their previous games and who is their opponent and many more but if you're talking about casino betting games I don't think there's a skill on such thing because you need a pure luck on them.

So to be a good bettor you have to know all of the required information in order for you to win? Well, most of the time it depends on what game you are good at wether luck based type or skill based type. The odds will definitely gonna start to change with the right information even if you say you are bad at luck.

I don't know if there's a good answer with this question since every gambler have different wants and preference regarding on their bet as well some other people doesn't really care about how they bet since they just want to enjoy the game and want things in random. But I really think this talk will have never ending answered since people will just give their ideas about that matter based on each personal opinion and experiences.

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Quote from: perla on August 11, 2020, 02:11:00 PM

If you're talking on sports betting well yeah there are persons who really is a good bettor they will analyze all including their previous games and who is their opponent and many more but if you're talking about casino betting games I don't think there's a skill on such thing because you need a pure luck on them.

For luck type games, there could be skilled. The strategy that they have is about timing and deciding whether to keep going or it's good to stop.
And in that factor, the gambler can be said as a good gambler because he knows when to stop, when to quit and what to decide.

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Quote from: Twentyonepaylots on August 11, 2020, 03:24:56 PM

Quote from: perla on August 11, 2020, 02:11:00 PM

If you're talking on sports betting well yeah there are persons who really is a good bettor they will analyze all including their previous games and who is their opponent and many more but if you're talking about casino betting games I don't think there's a skill on such thing because you need a pure luck on them.

There's these players who runs into the background, the players, the team itself before a bet then there are people who will just bet based on their instinct, so in my opinion being a good bettor will be based on the games that you are playing, if you are playing a dice which has only 2 choices, 50/50 and is winning, good bettor is not a word to describe you but a lucky guy. Skill based games is where you'll find the good bettors.

Game analyzation and money management is the core of a good bettor. IMO.

You would definitely able to find out to those people who do play gambling in strategic based compared in luck based ones.Good bettor would really be composed of several behaviors
and qualities on which a person do able to control himself in terms of betting and bankroll management plus into his own emotion.Everything is needed to be on such disciplined
manner to make out good decisions neither you would push through into a certain bet or would simply pass.I do agree on that instinct thing which people do make use of it
for sometime when their guts telling them to make bet.

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Good bettor has a passion for the sport his bet on. He is watching games, he knows statistics, he knows when the team
is in full condition. I know few people who earn from sport betting and believe they watch games all the time, every game
is followed with interesting discussions. Knowledge they have about sport is huge! In my case it's European soccer mostly,
basketball and tennis, the 3 most followed sports in my country.

Topic: What makes a good bettor? - page 3. (Read 1006 times)