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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:
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?

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.

I think it depends on the game you gambling on, in some games, you can make a lot of bet on a low-risk outcome and win them all, while on other games you need to take a risk to win.

If you want to have success in gambling you need to know when to stop, also when your losing, you are not supposed to win back all that you have lost each time you lose.

A lady in my place of work win huge amounts of money through betting with small amounts of money and she said " she was very smart by putting little amount of money and winning big". I asked her how much have you lose in the past and she could not really get information on how much she has lose. She has no any strategy for winning like other has said in the past and she completely depends on luck and to me that is not smartness at all.
To me we can not be a smart gambler and we can only be a lucky gambler. Therefore, smart players or gamblers are the lucky one and not those that think  by " winning big with small money".

Only very few people will win big betting low. While many people will also play low several times and earn nothing, so the few players and the lottery owner can earn profit.
Without doubts, there is no way to gamble without risks. Even in games which skills and strategy count you are risking your money. From the moment you click the roll button on, you are at risk, betting low or high amounts, doesn't matter, as the rewards are proportional.
I believe a smart gambler is who knows about these risks, and play aware of it, being a strong minded person, knowing his limits, not harming himself or people around. Someone who doesn't let himself be affected by greedy and addiction temptations.

Definitely yes, it's obviously a good thing to be a low risk gambler than a high risk gambler. The more the risk is included, the more it might fail. In my experience, I always make smart strategy so I can win more a lot, It should be acted with brain. Risk are everywhere and you can see it as your hindrance to your success.

A smart gambler knows his limit and follows his own set of rules whem gambling. I personally set my own limitations  when gambling, and honestly there are times that I break them, this is due to greed and the feeling that you are in the moment which most likely wnds up in a bad way. I think it takes a lot of discipline to know when to stop and limit your self.

Gambling with low risk means that you only rely on small odds even though you bet big it is not enough you get success in the near future and again when you get bad luck it is a huge loss and not compared to the odd you make, but when you making a small bet to win big is a smart gambler, but the opportunity is very difficult because betting like that requires a high level of luck.

Smart gamblers are those do not gamble for money instead they play just because they want to play. If you are a smart gambler then you will invest your money but you will not see Casino as an income source instead you will just enjoy the games it provides. You should know how much are when to invest and when to stop where is very important in Casino. Casinos are built to track your betting patterns and at the end, you can not beat the house edge,

Risk is always part of gambling wether with huge or small target winning. Also, there are really no smart players in gambling. All of them can lose all of their winnings in just a matter of seconds if they are really unfortunate. Small bets can win big since we have a what we called jackpot prize in gambling. This isn't easy to get as your probability to get it is less as you're competing with other players also to get it.

Small bets gives you leeway on what to do next if you lose or win and it encourages bankroll management that's why it can be successful.
Both of your question isn't related but we could win big from a very small bet and at the same time be a smart gambler.

Yes, maybe smart gamblers are those who can manage all the money they have and control all the games to avoid addiction, yes that is something good where he bet according to his calculations without thinking hard to get big profits but think realistically with what he have, can mean what he gets, optimism is good but knows a great opportunity when to get in and out, all have their own strategies.

A smart gambler is whom who quits after they win or lose all their capital. Its not a matter of lower risk but lower price but if a gambler knows how to control their gambling game, they know how to control their life. We cant say that lower rist is better because you will win smaller price in return or higher odds.

Smart gambler? There are lots~~~

-One who doesn't compromise their life savings
-One who do just spend a certain amount allocated for gambling on that time
-One who isn't compulsive
-One who doesn't chase loses
-One who do spent his time just for entertainment
-One who do only play with his vacant time

Agreed to this, betting small doesn't make you mad if you lose, you can stay cool headed but still it depends on ones personality. Being a smart a gambler is know when to stop whatever streak they are having. Also, those who doesn't risk the money isn't intended for gambling is also a smart one.

That's a great point because it means that you don't go beyond your limit and you are not forcing yourself to get back your losses and that can make you a smart gambler. Its hard to win in gambling, its a game of luck so we should play wisely and do not chase your loses anymore. I don't bring ATM's or cards with me, I just want to play for the money i have in my wallet and that's ok for me, don't be greedy while playing in the casinos.

Gambling is all about luck afterall and don't matter how "smart" you are in a long term run strategy the casino will always end up taking back the money you have been able to "win"

However we get unlucky to win, always everyone gets to a point to quit or to continue it for the day. If one is good in limiting himself he needs to take a break at the point for some time being unlike the winning and loss. This way of gambling helps in keeping ourselves successful than just going without limits where we continuously tend to get back the lost fund in a short which itself the beginning of destruction.

Being smart is always good but you just need to have a good plan and always be wise on controlling your emotion in gambling. Yes, its a luck game and the house always win but as a gambler we must do what is right, being successful doesn't mean you earn money in gambling. Losing is more possible than to make money, gambling designed for that having a low risk bet doesn't make you win money it will still depend on your luck. Be smart and be patient, don't gamble for the sake of earning money and not for having fun.

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.

That smart gambler definition is just too funny for me. I mean if you keep going going to the casino's ATM then you are losing big time. Being a smart gambler, it's probably best to stop when you are already on a losing streak.

Lower bets would have more chances for you to change your strategy but you are not going to make a profit from less risky bets.
As the house always wins, the longer you play, larger is the chance of your losing. You can win over house for some bets but if you are not clever enough to withdraw, you will lose your earnings again.

Yeah, that's pretty much possible. I have seen that some gamblers who love to chase 990x or even 9990x on Gambling sites. They actually divide their total capital (let say 0.1 BTC) into smaller amounts (let say 0.0001 BTC) and play series of multiple bets. In the example above, 1000 bets can be played and winning even a single of them can give 10x return on the total capital to the gambler.
I won't say this is a best way of gambling but still few of the gamblers have been successful by following this strategy. However, deep down we all know Gambling is just a matter of luck. So Smart Gambler is one who doesn't let gambling get on his nerves. Even in unfavorable situations he plays with pre-intended strategy and don't let pressure making him take wrong decisions.

Success in gambling only belong to the owners itself because only them can get steady profit and i think playing with low odds would not guarantee people will be success and also low risk low odds means low of profit i don't think most of people liked this strategy since i know some of gamblers are willing to bets high with high risk because they says better lost with deep but sometimes won with huge amount of money rather than playing safe

I think smart gambler is a gambler who can use and make a limit for his money in the gambling game and he knows when he needs to stop from playing games. That gambler will never spend too much money on gambling because he knows that will only give him a chance to lose big money, so he wants to prevent to get big lose too.

It is possible to make small bets that could win big money, but that depends on how good the luck comes to you because, in the gambling game, we all need to have lucky. No matter how much money you use, if you have luck, you will have a chance to win big money. And if you don't have luck, no matter how big money you use, you will lose all of the money.

So low-risk gambles can create success, but that depends on the luck factor, but that doesn't make me smart gambler because the smart gambler is about how we use and spend the money in the gambling games.

As others have pointed out, you missed the point of this quote:

"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.

Low-risk gamble means low return, and it merely an illusion except if your goal is not about profits, but about playing time.

Smart gamblers must be smart also in managing their capital at gambling. like the word of OP that smart gamblers will not
go to casino ATMs again if their money is runout, smart gambler has a plan of how much money they should spend on gambling

I think that low risk gambles can only create success for a short amount of time and it is not sustainable in the long run.I remember when I thought just like this and started to bet on Roma in Serie A against last place Chievo with an odd of 1.16 and the game ended a draw.

A lot of this bets end draw this is the reason I think low risk gambles do not create success.

Trust me brother, that small bets will make you lose your patience quickly. Greediness will eat your soul in a matter of minutes no matter what you do when you are gambling. Low risk is a long game and I remember doing that strategy but after that small loss in the middle of my game, I also lose my cool and start betting 2x and above until I bet everything. 

I couldn't agree more, it is very important for a gambler to be responsible and smart with their actions to avoid bigger problems. As a gambler, it is also important that you have control of your self for you to be able to think of the right decision for a specific situation. On the other hand, doing low risk gamble is not a smart thing to do because for me, it does not create success, I think doing that will just even out your investments but will not give profits in the long run. Success does not always come in a silver platter it always have risk along with it, it's just how you're able to deal with the risk and counter it.

Low risk by definition means lower chances to bust,,, and if the aim of the gambler is to stay in the game for as long as possible, then low risk is the way to go. I think this can be useful in poker tournaments for example. Just keep folding on bad hands and only take good hands and call if not sure of strong cards,,, all the way until other people bust and you are left in the round.

I never won a tournament like this but I sometimes end up on last table with bonus and consolation prizes. Seems a good strat for me;)

Smart gambler is the one who can control himself and not overspend the money that he/she had, the gamblers who think that they can make money from gambler is the dumb gambler, and there is no such thing as success in gambling, gambling is only for entertainment

Although this "Top definition" has only one like, and there are no other definitions, I must say, I agree with it. Indeed, a smart gambler, in my opinion, should not deposit more and more during the same day, playing ob a gambling site, and he/she shouldn't go to the ATM in a land based casino. That doesn't imply that he is always winning. He can be losing most of the time and still be a smart gambler to me. Whether you are winning or losing depends on luck, not on how smart you are. But if you can allocate a certain amount for gambling, and can restrain yourself from going over the limit, that's what makes you a smart gambler.

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 !

It’s easy to say but harder when we are the one who’s into gambling..

Many of us are saying that we must be in control while playing,we should be managing our lust in winning but the truth?its only a word but not in reality

Though being responsible type of gambler may bring us more chance of success than those who play for addiction or lust

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.

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.

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  :D


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).

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!

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. :D

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.

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.

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.

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

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).

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.

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.

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.

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.

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  .

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.

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.

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.

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.