What makes a good bettor?

[Questat]

That's what you called luck, but you can't be a good bettor if you always rely on luck, you need some consistency here so you'll be able to survive when time comes that you will be tested, gambling if you take it seriously, you need to consider it a journey where you face challenges along the way and you just have to improve.

Hardwork is useless if you can't win, that's a waste time, you need to be smart to win, and you need to stop when you don't have a chance.

I agree with what you said. I have only recently become interested in betting like this. You can compare it to science as if you were just experimenting. I do not rely too much on luck because when you know you have a strategy that is used for you that is effective you can achieve what you expect. However, what still matters is that you know what you are doing and the limit. I just enjoy my games, win or lose is okay because I know that only two sides are the destination result.

Having that kind of attitude is good, that would make your approach realistic and you'll be able to adjust accordingly as you learn from your mistakes and you continue to grow as a gambler. We will understand that gambling is not easy if we are realistic because we have to prove to ourselves first if we are really profitable with what we are doing, if we are not realistic, we will forget the loses and only count the winnings, that's why we aren't going to the right direction.

[panganib999]

Although playing betting game is mostly based on probability and luck associated on the games, still being a good bettor in need to have prior knowledge about the game he wishes to play. Sometimes gut feel works on placing bets but that was just pure luck for standing a chance to place the correct amount of bet on that particular situation. Being a good bettor must know the rules of the game and how the game works because on that cases, you will be depending the strategy you will do on how you will manage to place your bets on that game.

Just placing bets on any game you do not know is simply a gamble and a risk taking making luck works on your side. But the game of bets does not always be favorable to you so to be able to be a good bettor in a sense that you are enjoying playing and making the game took a long run, you must know everything about the game so you would know how you will strategize managing the amount of bets you will place.

[johhnyUA]

The true success will happen if you doing two things: combining knowledge about subject of betting (i think this is 2/3 of success) with a needed strategy of betting (1/3 of success ). But "strategy" is more about accounting of your bets rather than some "magic" actions like probability strategies or expected value.

Sometimes experience plays a factor in a game I have known people who develop a hunch by looking on the players or horses that are playing or running but these people will not developed this kind of hunch if they are not looking at the stats and had ample knowledge about the all the subjects.

I totally agree with you, that experience plays a very important role in making us a good bettor. But many people prioritize other things
such as knowledge and making the best strategy as the main factors of being a good bettor. Even though we shouldn't be too focused on it.
If you have a long experience, it will automatically create our knowledge develops and from experience we can learn from the mistakes we
make, it will create a powerful strategy.

Please, share with me at least a simple "strategy" and tell me how it will help me if i don't have a knowledge about the subject to which i bet. I want to hear a real example, even the simplest. Thx

[TEX-LXRY]

What I believe if a person wants to start betting then he must have knowledge about that specific game first. Secondly he must know when to stop so he must not end up with nothing and losing all money. He must fix a amount that he will not bet more then that no matter he wins or lose.
And the most important part he must not get greedy.

TEX-LXRY

[finaleshot2016]

What I believe if a person wants to start betting then he must have knowledge about that specific game first. Secondly he must know when to stop so he must not end up with nothing and losing all money. He must fix a amount that he will not bet more then that no matter he wins or lose.
And the most important part he must not get greedy.

TEX-LXRY

Those knowledge are common, obviously, you need those to play those games because how can you play if you don't know how to play. A good bettor is probably a calm and casual gambler, of course, you need to think well to be a good better and the important thing is not being a greedy person.

Greed will make you lose all of your income because your mindset is to gain more even at all costs, in that way, you will lose a lot and that isn't considered as a good bettor.

[adzino]

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?

You can be good on games which are somewhat based on skills (like poker). But, other games like dice, slots or roulette requires no skill at all. Those are game of chances which depends totally on your luck. No skills or "strategies" will change the outcome of your bets. Anyone that claims that certain trick or way of playing will give you profit, are actually being delusional. They are ones who say you will win after "x" number of losses. Google the term "gamblers fallacy".
On game of chances, everyone has the equal chance of winning/losing. If someone is getting really lucky, tell him to keep on betting and you will see that in the long run, his win/loss ratio is the same as others.

[TEX-LXRY]

What I believe if a person wants to start betting then he must have knowledge about that specific game first. Secondly he must know when to stop so he must not end up with nothing and losing all money. He must fix a amount that he will not bet more then that no matter he wins or lose.
And the most important part he must not get greedy.

TEX-LXRY

Those knowledge are common, obviously, you need those to play those games because how can you play if you don't know how to play. A good bettor is probably a calm and casual gambler, of course, you need to think well to be a good better and the important thing is not being a greedy person.

Greed will make you lose all of your income because your mindset is to gain more even at all costs, in that way, you will lose a lot and that isn't considered as a good bettor.

Not common.

If I want to bet on sports I should know the odds. I should know about the teams which players is resting which is playing what is the previous score of the team/batting order and many things like that. I just cannot simply bet on England over Indies or some other team.

TEX-LXRY

[BuNga_cute]

It is not easy to be a good bettor, because we must have knowledge. Without knowledge we are just playing on instinct and that's a bad idea.
Another thing to be a good bettor requires expertise in gathering information, because the more complete information we can collect. The more
accurate our choices are for betting, even the more information we can get can increase our winning chance.

[Natalim]

It is not easy to be a good bettor, because we must have knowledge. Without knowledge we are just playing on instinct and that's a bad idea.
Another thing to be a good bettor requires expertise in gathering information, because the more complete information we can collect. The more
accurate our choices are for betting, even the more information we can get can increase our winning chance.

That's right, everyone should acknowledge that it's not easy to be a good better, similar to saying it's not easy to win. Gathering information is just some basic requirement as you needed that to analyze a game before you put your bet, but the real battle was really when you are already in the driver's sit as you have to play against all odds, I mean, just like a roller coaster ride, you go up and down, so you have to survive and make sure you'll be the winner in the long run.

[FlightyPouch]

...I mean, just like a roller coaster ride, you go up and down, so you have to survive and make sure you'll be the winner in the long run.

In a roller coaster, there is no winner. It is full of ups and downs with a lot of people having fun and if you give in to that feeling, you will puke your way out. The best thing here is not to give in to that feeling, and aiming to be a winner in a long time is not bad either it will just make some bad results in the long run. Always remember that a gambler can win in a day but it will not be the same in a month. Keep track, Keep safe and keep being emotional.

[maydna]

If you don't consider those who bet for fun as good bettors then who is a good bettor? Those who chase after the winnings to me aren't good bettors because their thoughts are base on the winnings than the fun, which sometimes lead many gamblers into HBP. Good bettors are those who have time to analyze games irrespective of their odds but because of teams potentials. Most of my winnings where achieved as a result of the above statements.

I think the good bettor is someone who knows how much money he can bet and how long he should playing gambling. He will have good control for himself, so he doesn't risk too much money. When we chase, the winnings will not succeed, but there will be gamblers who can get big win periodically, and that gamblers are people who really have luck at the gambling games. Perhaps, we will not know who they are as they don't show themselves in public.

[BITCOIN4X]

I think the good bettor is someone who knows how much money he can bet and how long he should playing gambling. He will have good control for himself, so he doesn't risk too much money. When we chase, the winnings will not succeed, but there will be gamblers who can get big win periodically, and that gamblers are people who really have luck at the gambling games. Perhaps, we will not know who they are as they don't show themselves in public.

Any gambler who is able to control themselves and their money, I can say that they are good gambler. Imposing yourself no matter how much money is used to gamble, I dont think its a good gambler habit. Thats the easiest way to get bigger losses in the end. Gambling has to be played well if we dont want all our money to run out and there must be control.

[maydna]

~snip~

Any gambler who is able to control themselves and their money, I can say that they are good gambler. Imposing yourself no matter how much money is used to gamble, I dont think its a good gambler habit. Thats the easiest way to get bigger losses in the end. Gambling has to be played well if we dont want all our money to run out and there must be control.

We need to follow their way to be a good gambler. We don't need to force ourselves to use more money to gamble will not give us more chances to win the game, but we can lose all of the money in any second. We can control ourselves while playing gambling, and we must manage our feeling not to follow greed when we win. Enough in gambling will be important for us to decide, so we don't get more losses, and we can back to playing gambling in the next days. Remember that we still have much time to gamble, so we need to keep the rest of our money.

[iv4n]

Isn't that a clear thing? What makes a good bettor is his statistic! If his statistic is over 70% winning rate, and he is in profit, we can say for that person that he is a good bettor! Winning rate for itself doesn't mean much, he can win low odds and miss high odds, to lose more on his losses than he makes profit on his winnings. It's why except winning rate you need to take a look at his bankroll to have a full picture.

[AjithBtc]

I think the good bettor is someone who knows how much money he can bet and how long he should playing gambling. He will have good control for himself, so he doesn't risk too much money. When we chase, the winnings will not succeed, but there will be gamblers who can get big win periodically, and that gamblers are people who really have luck at the gambling games. Perhaps, we will not know who they are as they don't show themselves in public.

Any gambler who is able to control themselves and their money, I can say that they are good gambler. Imposing yourself no matter how much money is used to gamble, I dont think its a good gambler habit. Thats the easiest way to get bigger losses in the end. Gambling has to be played well if we dont want all our money to run out and there must be control.

Yes, every user won't have the self control with gambling. When one keeps failing, he'll keep goin to recover the loss. This won't be effective with every gambler, very few gets lucky to recover the losses. When our inner mind feels we're going beyond our ability/experiencing loss we should have control over it, taking a break. One who has the ability can be termed a good better unlike his other gambling skills.

[kryptqnick]

Thanks for this discussion! Many points have been made, but I'll try to summarize. A good bettor needs experience, knowledge of the specifics (both how to bet and on what to bet), good bankroll, ability to control one's finances (not to lose too much), has to be free from addiction and being lucky wouldn't hurt (but you cannot control this one). I'm not locking the thread in case there's something else which is worth noting, and because the question of whethere there's any set of characteristics that is sufficient to become a good bettor (that is, something that guarantees you'll be a good one).

[iamsheikhadil]

A good bettor would be someone who knows that he's gambling which is nothing but entertainment and he's paying for that entertainment, the thrill that comes with it. The bad gambler would want to have fun and at the same time win money continuously for long time, which is impossible. Hence, to be a good bettor, set your limits. It's alright to have an addiction, but it's never alright to be a slave of that addiction.

[Kong Hey Pakboy]

A good bettor would be someone who knows that he's gambling which is nothing but entertainment and he's paying for that entertainment, the thrill that comes with it. The bad gambler would want to have fun and at the same time win money continuously for long time, which is impossible. Hence, to be a good bettor, set your limits. It's alright to have an addiction, but it's never alright to be a slave of that addiction.

Indeed. A good bettor or gambler is he only gambles for fun or entertainment that he doesn't mind earning huge amount of profit in gambling or taking it as a source of income because he will only inherit the bad side of gambling such as greed, anxious, lost of control, depression, etc. It is why if we experience losses in gambling we should learn to accept it because not everyone is a winner in gambling.

[jrrsparkles]

Thanks for this discussion! Many points have been made, but I'll try to summarize. A good bettor needs experience, knowledge of the specifics (both how to bet and on what to bet), good bankroll, ability to control one's finances (not to lose too much), has to be free from addiction and being lucky wouldn't hurt (but you cannot control this one). I'm not locking the thread in case there's something else which is worth noting, and because the question of whethere there's any set of characteristics that is sufficient to become a good bettor (that is, something that guarantees you'll be a good one).

And importantly we don't have to make it as our profession because it is going to be hard for someone to survive with the earnings made from bets throughout their life, it is just the form of entertainment so a good better have to accept the win or lose and have to move on.

[bitbunnny]

Isn't that a clear thing? What makes a good bettor is his statistic! If his statistic is over 70% winning rate, and he is in profit, we can say for that person that he is a good bettor! Winning rate for itself doesn't mean much, he can win low odds and miss high odds, to lose more on his losses than he makes profit on his winnings. It's why except winning rate you need to take a look at his bankroll to have a full picture.

That is true, statistics and winning rate makes the good bettor. But what makes him achieve such results, that is the question? Is it knowledge, experience, luck or something else, what is the key? We all know that only few among us are really good successful bettors so what is the secret for success?