What makes a good bettor?

[Mauser]

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.

I fully agree, you can't solely rely on your profits from betting as you main income. You need a more steady source of income that can cover you in times of bad beats. For me any winning I get from gambling or betting is just a nice bonus. I treat it the same as with investing, it shouldn't be the main focus, just something to be done in the spare time.

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[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.

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?

Probably something from everything you mentioned! I had a chance to see some winning tickets, where people won a thousand of euros with less than a dollar bets, and with all my knowledge I would never bet on those games like the people who won that money! What is their secret?! Well they don't have one betting slip, they have +50 slips, and every slip is some combination of few selected games! The more combinations you cover, the more chances you have to make profit!

[Twentyonepaylots]

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.

What? when we say good bettor that means he's aware of what is he betting for, in short he is playing to win it not just for entertainment purpose. Having a straight lose won't make you any good bettor lol.

Gambling freely is different from what a good bettor is, what you mean is those people who just wants entertainment and does not care about the money at all.

Guess you didn't know what it is to be  

[Hamphser]

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.

Identifying a good bettor would really be like this on where you do try to check out that profitability rate because that one will surely indicate on how good the gambler or bettor is.Even if we do talk about
luck based kind of games then its still considerable but most of the time it would be ideal to see these numbers when dealing with sports betting or cardgames. Success rate will really able to
picture out on a gambler if he's good enough or not. Also if we do talk about good bettor then it do always pertain all the qualities like self control, intuition, bankroll management etc.

[robelneo]

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?

Horse racing betting requires a lot of time and analysis because of the many factors involved they are very objective on their analysis they consider the weight cap a weight put up by a favorite horse so it will even up the races, breeding, age, and past performances and of course insider's tip, which is very important some tips comes from the horse's steward or caretaker.

[maydna]

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.

Indeed. We can only use it to have fun without any tension to make money from betting, especially if we don't have the right skill to choose the right team. I see some of my friends follow the others to place the bets because invitations from other friends, but that friend doesn't have any information on which teams have a big chance to win. He only follows what it says without research. If they win, he makes wins too. At this point, he can have fun without having any skills in betting sports.

[Janation]

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.

Indeed. We can only use it to have fun without any tension to make money from betting, especially if we don't have the right skill to choose the right team. I see some of my friends follow the others to place the bets because invitations from other friends, but that friend doesn't have any information on which teams have a big chance to win. He only follows what it says without research. If they win, he makes wins too. At this point, he can have fun without having any skills in betting sports.

That is the thing about good bettors.

They don't look at gambling as a main source of income, they know their limitations and I think those good bettors aslo know their thing since if they do I don't think they will be having that good winning streaks or high percentage of wins over losses. Your friend might be having good profits and also having fun but in terms of being a good bettor, he's halfway there.

[DevilSlayer]

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.

Identifying a good bettor would really be like this on where you do try to check out that profitability rate because that one will surely indicate on how good the gambler or bettor is.Even if we do talk about
luck based kind of games then its still considerable but most of the time it would be ideal to see these numbers when dealing with sports betting or cardgames. Success rate will really able to
picture out on a gambler if he's good enough or not. Also if we do talk about good bettor then it do always pertain all the qualities like self control, intuition, bankroll management etc.

It is not just about winning rate, it is about your character as a gambler? Ask yourself if you are gambling just because of fun or it is because of money. A good bettor know what is his purpose and goal in terms of playing gambling. Understanding the concept is also a factor, are you able to know how to win in games such as dice, crash or card and table games. You can achieve success in gambling if you are a good bettor, in order to become one of the good bettor you should allocate your time on understanding your ownself.

[FlightyPouch]

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.

Identifying a good bettor would really be like this on where you do try to check out that profitability rate because that one will surely indicate on how good the gambler or bettor is.Even if we do talk about
luck based kind of games then its still considerable but most of the time it would be ideal to see these numbers when dealing with sports betting or cardgames. Success rate will really able to
picture out on a gambler if he's good enough or not. Also if we do talk about good bettor then it do always pertain all the qualities like self control, intuition, bankroll management etc.

It is not just about winning rate, it is about your character as a gambler? Ask yourself if you are gambling just because of fun or it is because of money. A good bettor know what is his purpose and goal in terms of playing gambling. Understanding the concept is also a factor, are you able to know how to win in games such as dice, crash or card and table games. You can achieve success in gambling if you are a good bettor, in order to become one of the good bettor you should allocate your time on understanding your ownself.

And winning rate tells it all, right? Winning rate is not just those people with 100 bets or 200 bets, we are talking about a lot of bets and still having that good winning rate. If we are talking about a 70% win rate, then we can actually say that he is a good bettor. He knows his goal, understand the factor, and obviously know how to win the reason we are seeing a good win rate. That is also obvious that he is a good bettor since with that rate, he is successful.

[VanityWallets2015]

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.

Identifying a good bettor would really be like this on where you do try to check out that profitability rate because that one will surely indicate on how good the gambler or bettor is.Even if we do talk about
luck based kind of games then its still considerable but most of the time it would be ideal to see these numbers when dealing with sports betting or cardgames. Success rate will really able to
picture out on a gambler if he's good enough or not. Also if we do talk about good bettor then it do always pertain all the qualities like self control, intuition, bankroll management etc.

It is not just about winning rate, it is about your character as a gambler? Ask yourself if you are gambling just because of fun or it is because of money. A good bettor know what is his purpose and goal in terms of playing gambling. Understanding the concept is also a factor, are you able to know how to win in games such as dice, crash or card and table games. You can achieve success in gambling if you are a good bettor, in order to become one of the good bettor you should allocate your time on understanding your ownself.

And winning rate tells it all, right? Winning rate is not just those people with 100 bets or 200 bets, we are talking about a lot of bets and still having that good winning rate. If we are talking about a 70% win rate, then we can actually say that he is a good bettor. He knows his goal, understand the factor, and obviously know how to win the reason we are seeing a good win rate. That is also obvious that he is a good bettor since with that rate, he is successful.

I could not agree more. A good bettor must be able to cope with the wins and losses.
They have purpose and objectives that they abide by, principles that they hold on to.
They aim to attain knowledge of sports, strong evaluation skills and excellent money and emotion management.