For Newbies Interested in Gambling

[Sanitough]

Note that the most important thing in gambling is bankroll management and finding value. What messes people up is poor bankroll management.  Personally, I limit my bets to no more than 10 percent of my bankroll per day, I stop once that limit is reached.  Also don't get discouraged if variance comes in and you have a losing day, week, month, etc. Value is value and it will catch up.  Goodluck on your gambling journey.

It's good to be able to set the percentage of money you will spend on gambling. Don't forget to say that the 10 percent of money you limit for gambling is not for the hope of winning because the purpose of gambling is not to seek wealth but to buy pleasure.

Of course, it should be both. Why gamble if you're not looking to have fun and win? It's not going to be an enjoyable experience if you're just wasting your time and money without the possibility of winning, at least in my view.

Ask most gamblers if they're okay with losing and just treating gambling as fun, and I'm sure their answer would be a resounding 'no.'

Focus on the type of game you are good at. For example, you are interested and have expertise in football, cricket or basketball betting analysis games. In my opinion, types of gambling that have a greater percentage of skill, such as the type of sports gambling that I mentioned, are better than types of gambling that have a greater percentage of luck, such as slots.

A better winning percentage translates to a better profit percentage in my book. We might have different preferences when it comes to the types of games we gamble on, but if we have the skill, we can achieve consistent wins in the long run, considering we're not competing against the house edge in sports betting.

[bitbollo]

a successful gambler is also a person who studies and works hard! it's not enough to be patient, money management, if you don't know how to bet or don't know what to play you won't get anywhere! I always suggest specializing in a certain sport/competition/player and avoiding playing randomly.

[bangjoe]

Note that the most important thing in gambling is bankroll management and finding value. What messes people up is poor bankroll management.  Personally, I limit my bets to no more than 10 percent of my bankroll per day, I stop once that limit is reached.  Also don't get discouraged if variance comes in and you have a losing day, week, month, etc. Value is value and it will catch up.  Goodluck on your gambling journey.

It's good to be able to set the percentage of money you will spend on gambling. Don't forget to say that the 10 percent of money you limit for gambling is not for the hope of winning because the purpose of gambling is not to seek wealth but to buy pleasure.

But if we are able to manage bankroll with the percentage that has been determined and we can find the limits we have made, I think, gambling for victory, gambling for pleasure or entertainment or anything that will not be a problem if seen in broad outline.

Focus on the type of game you are good at. For example, you are interested and have expertise in football, cricket or basketball betting analysis games. In my opinion, types of gambling that have a greater percentage of skill, such as the type of sports gambling that I mentioned, are better than types of gambling that have a greater percentage of luck, such as slots.

Basically, if you want to gamble more reliable to get a victory is a gambling field that we know or understand or also have the ability to do the analysis as you mentioned, this is far more effective if the targets are the percentage of victory in gambling.
But back again if gambling is intended to find pleasure I think any gambling is not a problem with the intention of not looking for victory.

[masulum]

I don't think there's such "winning distribution algorithm" because it sounds like a programmed where the house can choose which one will win and which one will lose. The outcome of your past bet, present and the next bet has no correlation as it's random (if it's not rigged).

I also feel that the provider has received a certificate from the gambling commission to ensure that the program is not set up that way. Because if something like that is found, it can be ascertained that the provider has provided unfair gambling services. Gamblers can accept any losses even though they spend a lot of money, but the condition is, the results are truly random and there is no program that wins or lose for one party. If there is a provider who commits making a programs like this, I am sure the gambling commission that gave the provider a certificate will immediately revoke the certificate, because the provider has committed fraud to run a programmable results. Even though there is an easy phase of getting free spins, or getting big wins from normal spins, this should be luck, not because it is deliberately programmed to win for one party and make the other party always lose.

[bettercrypto]

Being patient and consistently involved in healthy gambling habits will surely make you a successful gambler. If you are newbie who is interested in gambling and has been following the gambling community here or any where online or offline, your purpose should be to learn as much as possible from the shared experiences of others such that you can eventually branch out independently, allowing you to operate without dependence on others.

Note that the most important thing in gambling is bankroll management and finding value. What messes people up is poor bankroll management.  Personally, I limit my bets to no more than 10 percent of my bankroll per day, I stop once that limit is reached.  Also don't get discouraged if variance comes in and you have a losing day, week, month, etc. Value is value and it will catch up.  Goodluck on your gambling journey.

Gambling oldies can throw in their 2 sats on this.

What kind of learning are you talking about and referring to for newbies? As far as I know, even if you are a newbie or don't know anything about gambling, you can win if you are lucky, and if you are unlucky, you will lose.

What kind of learning are you referring to, Op? because what I know as a gambler is that I can't say it's a skill; that's why we are called players here in casino gambling. Do you think that when we win in gambling, we can call it skill?

[dezoel]

It is entirely wrong for new players to think this is a place to make money. The percentage of people who make money from this gambling is tiny. Think of this as a game. If you get a reward, it's just luck. Don't be greedy, which will lead to addiction.
I agree that experience and knowledge are needed in gambling. But the chance of winning in that factor is only about 30%. 70% must depend on the player's luck.

If you are talking about gambling games, then no, you don't need knowledge and experience in it, the only knowledge that you need for gambling games is to know how you can set the bet amount and which button you should press to roll or spin or play whatever game it is, and the rest is on your luck whether you will win or lose. No other knowledge, experience, strategies, patterns, or anything can make you win when you are playing gambling games and it's all dependent on your luck.

It's sports betting where you require knowledge and experience to be able to choose the side that you know will have an advantage in the game since it's the better side with better players because you can't always win by choosing a random side in sports betting and luck only has a small influence in this area of gambling.

[retreat]

It is true that good financial management is the key to being a successful gambler. Like me, I usually set aside 5-6 percent of my income every month for my gambling activities and that's flat and as far as possible I don't exceed the limits that I have set. With financial management like this, I can avoid that my gambling activities will interfere with money for other needs, because there have been many cases where gamblers use their money carelessly and in the end their other needs are not covered.

[TheUltraElite]

Being patient and consistently involved in healthy gambling habits will surely make you a successful gambler.

I respectfully disagree with this statement. The is no such thing as "healthy" gambling. Learning the math behind gambling can be a good mental math exercise for you but attempting to make money from chance will always have a bad outcome. This is not the same as small amount of red wine per day may prolong your health, but something that can destroy your hard earned money in seconds.

Bankroll management is a skill and most of the players here cannot do it properly. It is best done by professional poker players and for them the game is like a profession and not everyone's sleight of hand.

[junder]

It is true that good financial management is the key to being a successful gambler. Like me, I usually set aside 5-6 percent of my income every month for my gambling activities and that's flat and as far as possible I don't exceed the limits that I have set. With financial management like this, I can avoid that my gambling activities will interfere with money for other needs, because there have been many cases where gamblers use their money carelessly and in the end their other needs are not covered.

Honestly, I still don't really understand what is meant by "successful" gamblers, we always  hear that word often but not in places like gambling, real success is when we succeed in reaching the peak point in something we are struggling with through many processes. difficulties and if you are successful then you can achieve that success. But forget it, maybe what you mean by a successful gambler is a gambler who remains safe in maintaining a balanced financial circulatiion by not experiencing bad things as a  result of gambling itself.

Of course for the  financial budget problem I totally agree with the way you do it, it is true that in gambling there is no certainty for anyone to be able to win because everything always goes depending on luck, so of course we can only put the smallest amount or what we can be responsible for whatever the final result is. It is not a problem, because if we are lucky then we will also be able to get the victory, before gambling you have to think about the risks and just assume that the money you bring will be lost, with that then I think you will not be upset if the results really lose. And yes it's true, it's better to prioritize your basic needs, don't overdo it and set limits so you don't regret it at the end of the session.

[alastantiger]

Just remember - being successful at gambling doesn't automatically mean you'll make money. There's always risk involved when you gamble, and the house tends to have better odds than you.

Making money through gambling it's like finding a needle in a haystack. You would have had a lot of losses before you finally get that win. In sports betting I may take you a couple of years before you finally hit it big well in regular casino games like slots you will require luck. I think every gambler after that they have set their affairs in order in terms of bankroll management budgeting and all the necessary things, their aim should be to reduce their losses and to have fun while gambling.

[CryptoHeadlineNews]

It's good to be able to set the percentage of money you will spend on gambling. Don't forget to say that the 10 percent of money you limit for gambling is not for the hope of winning because the purpose of gambling is not to seek wealth but to buy pleasure.

Yes, i agree with you that keeping a certain percentage of fund to be use for gambling helps an individual regulate how much he/she spend within a certain period of time while gambling, but you saying the purpose of gambling is it to create wealth is where I totally disagree with you, because inasmuch that most people while gambling zero their mind to accept whatever comes their way weather either they win or not, they don't get disturbed, but it doesn't mean if they win they won't be happy for having an extra income. So please never you say the purpose of gambling is not for creating wealth, because while gambling it's either the gambler gets wealthy or the casino gets wealthy from peoples money. Henceforth, neither of these parties create wealth.

[Odusko]

Being patient and consistently involved in healthy gambling habits will surely make you a successful gambler. If you are newbie who is interested in gambling and has been following the gambling community here or any where online or offline, your purpose should be to learn as much as possible from the shared experiences of others such that you can eventually branch out independently, allowing you to operate without dependence on others.

Note that the most important thing in gambling is bankroll management and finding value. What messes people up is poor bankroll management.  Personally, I limit my bets to no more than 10 percent of my bankroll per day, I stop once that limit is reached.  Also don't get discouraged if variance comes in and you have a losing day, week, month, etc. Value is value and it will catch up.  Good luck on your gambling journey.

Gambling oldies can throw in their 2 sats on this.

Being smart and calculative in your bankroll management will go a long way to prove that that gambler is a healthy player and not an addict that is pursuing particular directions and also most importantly aside from the many aspects that you mentioned to be the most guide for newbies to staying safe in gambling is the ability to operate above the element call greed because once this negative characteristic eat dip into a gambler, it becomes almost impossible for them to properly follow their own already laid down rules such as the limit bet per percentage that you mentioned and also following your set limit since the greed will already control the directions that your thoughts and mindsets will drive towards.
So yes newbies need to avoid greed by all means possible,  which could hurt their entire bankroll and force them into debt at the end of the day.

[AmoreJaz]

It's good to be able to set the percentage of money you will spend on gambling. Don't forget to say that the 10 percent of money you limit for gambling is not for the hope of winning because the purpose of gambling is not to seek wealth but to buy pleasure.

Yes, i agree with you that keeping a certain percentage of fund to be use for gambling helps an individual regulate how much he/she spend within a certain period of time while gambling, but you saying the purpose of gambling is it to create wealth is where I totally disagree with you, because inasmuch that most people while gambling zero their mind to accept whatever comes their way weather either they win or not, they don't get disturbed, but it doesn't mean if they win they won't be happy for having an extra income. So please never you say the purpose of gambling is not for creating wealth, because while gambling it's either the gambler gets wealthy or the casino gets wealthy from peoples money. Henceforth, neither of these parties create wealth.

one will be a hypocrite if he will say he doesn't want to win when you are in gambling. of course, at the back of your mind, you want to win in every bet you will make. but acceptance to reality that you won't always go home as winner will always be a good reminder for yourself.
and before you plunge into this activity, always best to know your limitations and such.

[goaldigger]

Just remember - being successful at gambling doesn't automatically mean you'll make money. There's always risk involved when you gamble, and the house tends to have better odds than you.

Making money through gambling it's like finding a needle in a haystack. You would have had a lot of losses before you finally get that win. In sports betting I may take you a couple of years before you finally hit it big well in regular casino games like slots you will require luck. I think every gambler after that they have set their affairs in order in terms of bankroll management budgeting and all the necessary things, their aim should be to reduce their losses and to have fun while gambling.

This is the reality of gambling and it’s not always about being lucky but its more about losing more because the house will always win. Beginners have to understand this first and learn hot to control their emotion, we should be more responsible when it comes to gambling. Budgeting is the key for you not to lose big and yes self-control is a big thing in gambling. Don’t forget to have fun and know that gambling can be more stressful too.

[Lida93]

Being patient and consistently involved in healthy gambling habits will surely make you a successful gambler. If you are newbie who is interested in gambling and has been following the gambling community here or any where online or offline, your purpose should be to learn as much as possible from the shared experiences of others such that you can eventually branch out independently, allowing you to operate without dependence on others.

What can we call success in gambling?
° Is it been a responsible gambler with falling to addiction all the years of your gambling?
° Is it even capable of having winnings and making money out of gambling that can be referred to being successful?
I wish to know as a result of how success in gambling could have variance to people.

Well your question is very appropriate in this discussion, honestly I also never thought and did not really believe if there were people who were successful in gambling, this is personally and according to my own perspective. Let's think logically, the first point is that gambling is random in terms of winning and for the results it will always depend on how lucky you are at that time, the second point is that there is absolutely no guarantee for anyone to be able to win there, and the point when there is no certainty for anyone to achieve the results they expect. Honestly, I don't really care if they are responsible gamblers or not but even if you are responsible, this activity is really not recommended, no one will be able to achieve success in gambling because there is no element of success at all such as the process to achieve their goals and also on the other hand how could they seek success in a place that only relies on luck for the expected results? And there is also no consistency in it, the fact is that defeats will occur more often than the occasional victory and with this it can be concluded that there is no consistency in achieving something in the final session, everything will go randomly about how lucky you are at that time. Does this make sense? Think about it.

You're definite to breakneck placing your success on gambling, there's no successful on planet earth that became successful by luck but hardwork whereas gambling don't recognize hardwork if you are not lucky no matter how much effort you apply into gambling you just wasting your time and energy.

Its not a salary tied career that we should expect to consistently make money from it either weekly or monthly as income. And taking into consideration gamblers that were lucky to win a big amount that changed their status somehow if we dig deep into their gambling record we will be sure to record a total of all the money they have loss to gambling to be of equivalent to the bug amount they just won and are feeling like they are successful.

[topbitcoin]

If a successful gambler is someone who is able to profit many times over in gambling, then this will be a very difficult thing. This is because until now I rarely and maybe never found someone who has wealth from the results of gambling that he did.

Gambling can be a lot of fun and can be profitable, but gambling can also be very detrimental. This all depends on us understanding and doing the gambling itself.

And just like the fact that people think that to be a successful gambler, you must have good self-control and good financial control. However, this is not enough, in gambling we are required to have a good understanding and also good skills and knowledge as well. A good understanding of gambling is when we only think that gambling is only about fun, not profit. Because when we think that gambling is about profit, then this will raise more expectations and create more hope that the gambling he does will be able to change his life financially.

Good gamblers always try to control themselves and their finances, good gamblers always try to continue to improve their knowledge and skills. So that he will always be able to minimize the level of losses in gambling and can always try to increase the chances of winning.

So, do you agree with this statement, or do you have another view in understanding a successful gambler?

[Josefjix]

a successful gambler is also a person who studies and works hard! it's not enough to be patient, money management, if you don't know how to bet or don't know what to play you won't get anywhere! I always suggest specializing in a certain sport/competition/player and avoiding playing randomly.

We just have to be careful before executing plans on some irrelevant projects that will never be prompted to significant stages. Successful gamblers, it has taken years of hardwork and losses before attaining such heights in the space. Random games is not the answer of been financial stable in the system. Rather with contributing important attributes, then there's certainty of shining among your colleagues in the gambling space. To be a successful gambler, there are other things that follows, talking about other things I mean sacrifices ought to be paid. One needs to be determined and discipline for the course.

[CryptoHeadlineNews]

A good understanding of gambling is when we only think that gambling is only about fun, not profit. Because when we think that gambling is about profit, then this will raise more expectations and create more hope that the gambling he does will be able to change his life financially.

And that's why gambling will always remain a very lucrative business to operate, as everybody believes that with it, it offers a tendency of a life changing opportunity for those who stake and are lucky enough to win such game.

Good gamblers always try to control themselves and their finances, good gamblers always try to continue to improve their knowledge and skills. So that he will always be able to minimize the level of losses in gambling and can always try to increase the chances of winning.

So, do you agree with this statement, or do you have another view in understanding a successful gambler?

For me, a successful gambler is someone who is able to manage his/her risk assessment amicably, know when to set emotions aside to stake an a reasonable amount he can always afford to lose. A good gambler knows when to gamble for fun and when to gamble for profit, as he understands that both are very important in life.

[oktana]

In addition to to that, do not try to become a millionaire overnight. This is one of the most common mistakes that not only newbie gamblers make. Many gamblers forget that “little drop of water makes a mighty ocean”. Consistently winning 50% of your little stake is better than back and forth earnings whereby you win and because you don’t have a winning limit, you end up losing everything and eventually being in a loss, whereas you could have walked away with what you had.

[BitDane]

Being patient and consistently involved in healthy gambling habits will surely make you a successful gambler.

Do you mean a gambler should be successful in gambling? It is good to be patient while gambling and it is good to also follow the rules for you not to be addicted or lose too much money, but gambling is not where we should think about success.

Actually, success has many meanings, but if what is meant is success in generating profits to enrich oneself then that is wrong because the definition of successful gamblers are those who can control themselves and their finances in gambling.
Most gamblers are controlled by their gambling activities so they forget control and end up becoming gambling addicts.

I wouldn't use the word success as a gambler but it should be a disciplined gambler, This is because when you are disciplined in whatever that you are doing, you will do it with care and take some risk management into consideration before coming to conclusion and finally, it can lead to success.

I agree that disciplined gambler should be the term and these kind of gambler have control on their activities and be able to minimize the risk while making use of their knowledge to maximize the potential of ending the session with a win.

There are different ways in which one can discipline himself in his gambling activities by set a time limit for his gambling, only use the amount of money that he can afford to lose to gamble and that gambler should never allow himself to be carried away by his emotion and start chasing his losses. With this three orientation, it can help you to be disciplined on your gambling activities so that you don't end up becoming an addict. Then maybe someday, you might hit it very big.

Time management, bankroll management are the two common disciplines in gambling.  Having an emotional discipline also help, and discipline about not taking any beverages that can intoxicate us and affect our decision can also help maintain our sanity while we are into gambling activities.