What makes a good bettor?

[kryptqnick]

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?

[akram143]

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.

[cabalism13]

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.

[nakamura12]

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.

[rhomelmabini]

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.

[Pffrt]

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.

[ralle14]

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.

[Becky666]

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.

[plvbob0070]

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.

[acroman08]

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.

[FIFA worldcup]

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.

If you know about the sports it better because then you will be able to bet on a better team but you can still lose the bet because not always the strong teams wins. Sometimes it is better to not knowing any team strength and just bet with your luck. 

[Poker Player]

Apart from what has been said here, I think bankroll management is crucial. It is impossible to have long-term profits if you don't manage your bankroll well, no matter how well you bet.

[MFahad]

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.

I have no knowledge of horse racing and hence i never bet on it. However i bet on other sports like cricket and football and i have knowledge about the teams and therefore i am able to make successful bets.
If you bet blindly, then the chances of your winning will be very less.

[tyKiwanuka]

In general, there are a thousand ways to be a good bettor. It requires a lot of dedciation, patience and time, which a lot of people do not have for various reasons.

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)?

Knowing your stuff is always better, but you can also make money with some more "technical" betting, like Caan Berry does for example. Dude has no clue about horses, but is very successful in pre-match trading the markets.

Is it about knowing how to bet or what you're betting on, what do you think?

It's about being able to spot valuable bets/spots (=what to bet). Add to it some discipline and a proper money management et voilá (=how to bet).

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?

I think this can be learned, but some people will have a hard time because of their temper. Most people lack in discipline and patience. You don't have to be perfect in all realms, but if you struggle a lot with discipline, then you will never be successful.

Money.

Skills doesn't matter if you're playing at a 50-50 basis.

I have read this multiple times and tried to understand what you mean, but didn't get it. Can you eloborate what is your thinking behind this ?

[virasog]

Apart from what has been said here, I think bankroll management is crucial. It is impossible to have long-term profits if you don't manage your bankroll well, no matter how well you bet.

Money management is really important. You will win many bets and lose many. This is not possible that you win all the bets or lose all the bets. But You can only make profit out of it if you know how much to invest in each bet and how to manage your money effectively.

If you won few big amounts in betting but at the same time lost all of that winning money in other bets, then you are not a successful gambler. 

[Twentyonepaylots]

What makes bettor good is when you know what side are you betting, the more background you know the more chances you are going to win. There are many things that an individual makes a good bettor, this also comes with bet discipline, you don't want all in in just single tap, you don't follow your instinct that fully, you don't mess with how fortune you think you got. The last I could think of is the game you are playing, you don't come to a play when you don't how to play the game, master the game and you'll be all good.

[akhjob]

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?

I would say knowing what you are betting on is the most important thing. But that doesn't make you good bettor, you should also know how to bet.  Only with the combined knowledge of knowing your bet and knowing how to bet, you can become a good bettor.

Money.

Skills doesn't matter if you're playing at a 50-50 basis.

I have read this multiple times and tried to understand what you mean, but didn't get it. Can you eloborate what is your thinking behind this ?

I believe he is mentioning about Hi-Lo, heads-or-tails types of games, where you literally don't need a skillset to place a bet even though you can devise a strategy on how to bet.

[bitbunnny]

That very much depends on what you bet. In sports betting is very helpul if you have some knowledge and information about the sport you bet on. In some other games, like dice you mainly depend on luck however, I would say that good bettor needs to have something that I would call a sixth sense or hunch, that special feeling to make good assesment and decision when betting.

[harizen]

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)?

I do bet on horse racing via an administrative panel application during these long periods of the pandemic. All I can say is, there's no such thing as purely relying on luck and random guesses. For a newbie, they might be confused about where to place bets so to solve this, they will just follow how many bets were already put on a certain horse. Whatever the odds, they will pick to it (there's a countdown to place the bet).

But guess what, even with the most anticipated pick it's not an assurance that there's a high winning chance. The key to increasing the chance of winning is game familiarization and that includes awareness about the horse and its jockey. I'm amazed at these people who can analyze the horse before the race and I gained knowledge too because of this. Overall, I can say that knowledge about the horse is a necessary knowledge is a person wants to gamble in horse-racing for the long-term. If it's just about trying something new and doesn't have a plan to bet here for long then I suggest just rely on those odds.

[Quidat]

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?

All are possibilities but we cant really point out which would be the main reason because no man can know about everything into certain things.Being a good bettor will really be needed of some analysis
yet we know that this will really give a big impact when it comes to our winning rate but of course luck will always be the main player.For those people who we do see that able to win
neither he's just tailing someone or do make some gut feeling kind of bets then its his own way to play.Luck is just purely on his side on winning without minding much or making
some in depth analysis of the game.