I have watch multiple gambling session whereas a well-known professional gambler who is on a win streak will end up losing as they got carried away with their winnings.
Professional gamblers are also human and they are also susceptible to error so the case you stated is very possible especially when professional gamblers are competing with each other at the table but when they are playing against the casino I think this case will rarely happen. Here are some of the important factors that differentiate a gambling professional from an amateur gambler, and we can see the difference in traits of a professional gambler from a compulsive gambler in the given quoted message.
- Professionals only bet when they have good reason to believe they have an edge on the bet. No edge, no bet. Amateurs will bet on hunches or feelings
- Professionals track their betting. They note ALL their bets, the reason for placing them and the outcome. They're able to have confidence that they have an edge because they have a database of past results which shows winning tendencies. Amateurs remember the exciting bets, the big wins, the near-misses, the "you wouldn't believe how unlucky I was" bets and forget the dull ones that weren't for big stakes or never really looked like winning
- Professionals are honest about how they're doing. They don't think in terms of luck. If you find yourself thinking about how unlucky you've been you're probably an amateur
- Professionals manage their risk and their bankroll. Ideally they vary their bets according to the advantage they have (using something like Kelly criterion). Amateurs bet too big and don't think about the probability of going bust. They vary their bets according to how much money they have in their pocket at the time. If pushed they'd probably guess that Kelly Criterion is some kind of reality TV personality.
- Professionals use data. Sports bettors often use sophisticated models. Poker players know the odds for any hand they might encounter. Amateurs bet with feeling and emotion
- Professionals play the odds. They'll happily bet on something they don't think is going to happen if the odds make it a good value bet. They'll happily bet against a favourite they think is going to win if the price is right. Amateurs try to pick winners. As a result amateurs will actually often have a higher percentage of winning bets than professionals but will still lose money while the pros win
- Professionals get pleasure from making a living betting. Amateurs get pleasure from the betting itself.
Yes sir, but the question that I'll like to ask to you is: how can I be a professional gambler without be addicted? It is really complicated that this happen, it
requires a lot of concentration and attention, sometimes also happen that professional fell into the tunnel of dependence, and we've heard many case about that.