Topic: What makes a good bettor? - page 8. (Read 1006 times)
I agree with cabalism only if the odd type of betting is 50-50, but if you are betting on a different or riskier type of odd it is better to have at least a decent knowledge about the sport you are betting on. in this case Horse Racing.
For me, people can be a good bettor, they need to have skills depending on what they are going to bet, and also knows how to handle their bets. I mean, let's say betting in horse racing, you need to have knowledge about the horses, jockey, and their history how well they do. But it's not just about it, you also need to know how to handle your money to avoid big losses. Losing is always there in betting, but if a bettor knows how to lessen his losses, then he can be successful at some point, IMO.
What makes a good bettor?
A good bettor should be such that evaluate the overall value and determine whether the risk is worth taking. Also, a good bettor should be such that will understand values in taking decisions irrespective of the sport s/he prefer to participate. Personally, whenever I choose to bet games of any kind, the first that came across mind is getting the needed information from such sport before make my final decision. History can be a good means to get insight which can help in success during decision making. 
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?
Yes, sometimes you don't need to know everything if you're going with a different strategy but having that bit of extra information than most bettor is always good. Taking advantage of the odds movement is a good strategy I know tykiwanuka did it a few times in his prediction thread and you could do it on live odds if you're fast enough. Knowing how to bet is one part to becoming a good bettor, i've seen other tipsters have a good profit record then all of a sudden it becomes negative after a few consecutive losses.
It's very much important to what are you betting on. For example, anyone without knowledge on soccer wpuld definitely bet on Real Madrid yesterday but the reality is Man City was way more stronger than Madrid. So, you must have to have knowledge on what you are betting on, no matter if it is horse race or soccer or even Kabadi.
What makes a good bettor?
If you think you're 51% correct most of the time. Well, a professional gambler according to stats are having 55% right bets of the time. You may take on yourself on that especially on the field of sports betting for example. Out of 10 for minimum or a hundred for maximum then try to analyse your outcome.
As what cabalism said is true if it is 50-50 but when it comes to betting that is not 50-50 is you should be knowledgeable what you want to bet. Take the post above as an example about horses. It is also the same other sports like basketball, soccer and more that needs gathering information in which team to bet.
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.
But if a person is betting on horse races, does the person need to know a lot about horses ...
Depends on your trip, If we're to bet on Horses I'll just go woth the flow and make a bet based on odds, No need to study 15-30 Horses and ther Jockeys about their stats and they ride it. 
IMO, horse race bettor also need to have lot of knowledge related about horses and their previous history and it is important to know about all the running horses and their jockeys to find the probable winner so that makes them a good bettor and it changes depends on the game.If it is casino game then they should keep the bet amount in the median range so they can bet more time which might increase the chance of winning.
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?
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