How to play gambling in a smart way?

[twister]

I have noticed so many players are just gambling for the sake of profits only.

Is there any other reason to gamble? Even if you're gambling for entertainment, the only fun you get out of it is when you win, so everyone gamble for the sake of profit.

But majority of them loses most of the games eventually as they are not smart players.

Though money management smartness is necessary but in the end it all comes down to luck. You can be as smart as a whip but if lady luck is not in your favor (which she usually isn't) you'll end up losing.

So how should we gamble in a smart way so that we do not get more frustrations due to continuous losses?

Never chase losses, understand that some days you're gonna lose and some days you're gonna lose more but most importantly, don't make it a Job. And if you're getting frustrated from your losses, then maybe it is best to take a breather every now and then.

[wildan88]

smart way to play gambling is that you can control yourself when you lose a lot and do not try to recover the defeat. because in the end you will lose everything.

[Junko]

In a nutshell:

1. Learn the proper bankroll management for the type of game you are betting on in order to decrease your risk of ruin. Bankroll management is different for dice, casino, sportsbetting, poker, horse racing, etc.

2. Learn to control your emotions. Going on tilt is the path to the Dark Side. Tilt leads to anger. Anger leads to blowing your bankroll. Blowing your bankroll leads to suffering.

3. Learn the game you are playing. Not just how to play it/bet on it, but learn the winning strategies and how to find and put yourself in +EV situations while avoiding -EV ones - whether it's dice, casino games, sports betting, poker, whatever.


There are books and articles and videos all over the internet on each of the above points. Go out there and find the resources to make you a smarter gambler. It's not that hard for example, to google "sportsbetting bankroll" or "tilt control" or "dice strategy". You will thank yourself later for doing the work to make smart you.

[gtglener]

The smart ways and smart techniques are only used in those gambling bets which are composed on skill-based, there your skills, knowledge and experience make you smart enough to win easily, but in luck-based games you becomes only spectator and looking at the screen that what will happen with your money.

[Wendigo]

Decide on a starting bankroll. Divide said bankroll to 2% per bet up to 5% for very confident picks. Only choose bets that are even money or close to even money i.e. approx. @2. In case of a bad run don't let your nerves get the better of you and do not chase losses. Do not apply any Martingale or other shitty system by increasing your next bet two-fold after a loss. Do not do 'all-in' bets. Inform yourself about the current status of the team you are betting on before the match, check the starting lineup and the weather conditions. Learn about the different types of bets and how to utilize them to gain advantage over the bookie. Learn to bet live as it gives sometimes better rewards than pre-match betting. Watch the games you bet on so you can anticipate an event and hedge your current bets. And most importantly enjoy yourself.

And a final tip which is very important : do not tell your family you are gambling for money  

My 2 cents on smart gambling. Cheers  

[Barbut]

Gambling in a smart way, dont gamble at all! From all the things around the internet you asked how to gamble smart. If some of us know how, we would be all reach here.
In my case poker is smart gambling, everything else is just playing against house and we all know who always wins, or who wins in long run. I saw someone wrote "dont be greedy" that is one of best advises you can get for free. Good strategies ( if you believe in that) cost money.

[quentincole32]

smart way to play gambling is that you can control yourself when you lose a lot and do not try to recover the defeat. because in the end you will lose everything.

yes,the key is control your self,with that control you can stop to gambling when you lose so much,and if you dare to play again,make sure you have better day. beside the control,all you need also good money management,if you have that,i'm sure you will not addict to gambling.

[panjul07]

Know your limit, set your goal and better to gamble not on a pure luck based game. Means playing on sports betting is better in order to get profit, of course you need to have a good knowledge of the sports you are going to bet.

[Monnt]

Watch your losses and make educated decisions on how you should continue. Do risk assessments.

How much have you lost/won?
Should you leave now and take the loss/win?
How hard will it be to recoup/lose all your losses/profit?

Risk assessment is key.

[jjacob]

Treat it as an expense (say entertainment expense).
Any money that you win from gambling should be considered a bonus. 

[xxxDD]

gambling is depend on luck only, there is no smart or else, except poker

[klf]

gambling is depend on luck only, there is no smart or else, except poker

Yes but we can't say directly that Gambling is only depend on Luck here some peoples are there to load money and getting profit daily basis so for that you have some knowledge. So better play betting on sport is good idea because here we can't see many looses if you know that game and team performance. but in dice and poker games all it's purely based on luck we can't judge there so if you interested that type of gambling just play if loose game just quit don't run for profit. So try small bet and gain your lose back.

[Falconer]

gambling is depend on luck only, there is no smart or else, except poker

Have you ever heard about sporstbook? This kind of gambling also need a smart way and statistics to bet on the team that playing.

[Arcteryx]

Only thing that is smart way is not to gamble if you don't know the field and the players from the opposing team. Then you can strategize what will be the outcome of the match that you are placing a bet on.

[NewBet]

Based on your luck that day,
If you have a nice day and everything go your way, you should try to gambler a little more
But if your are having a really bad day , then you should stop gambling for a while

[maku]

There are couple thing you should remember while playing:

1. Hope for the best outcome but expect the worst. Always be prepared for lose.
2. Don't bet with your last money hoping you will win and fix your money problem.
3. Don't pick games with exceptionally high House Edge (slots, keno) - unless you don't care for money and want to have fun.
4. Be cautious, if your initial bankroll was $100 and you managed to win $50 then withdraw your initial bankroll and play only with the money you won.

[xxxDD]

gambling is depend on luck only, there is no smart or else, except poker

Have you ever heard about sporstbook? This kind of gambling also need a smart way and statistics to bet on the team that playing.

well, i forgot that one, except poker and sportbooks. I don't think there are more than this two that can play with skill

[Sandroxa]

gambling is depend on luck only, there is no smart or else, except poker

Have you ever heard about sporstbook? This kind of gambling also need a smart way and statistics to bet on the team that playing.

well, i forgot that one, except poker and sportbooks. I don't think there are more than this two that can play with skill

Started to gamble is already not smart, and if you dont want to lose that much money with gambling you have to play with some small amounts and that is the only good thing that you can do.
If you play with some small amounts than the chance will be smaller that you also lose some money.

[relq]

I have noticed so many players are just gambling for the sake of profits only. But majority of them loses most of the games eventually as they are not smart players.

So how should we gamble in a smart way so that we do not get more frustrations due to continuous losses?

Take a break if you get continuous streak loss and don't try to run your loss if you don't have big balance. It will makes you busted. Targeting your profit per day is good too, so it's not make you greedy.

[adaseb]

I have noticed so many players are just gambling for the sake of profits only. But majority of them loses most of the games eventually as they are not smart players.

So how should we gamble in a smart way so that we do not get more frustrations due to continuous losses?

Take a break if you get continuous streak loss and don't try to run your loss if you don't have big balance. It will makes you busted. Targeting your profit per day is good too, so it's not make you greedy.

Yeah except there is a hidden human emotion that when someone has a loss they do what they can to make back that loss and go to break even. And that usually means risking too much.