Can you still consider yourself a smart bettor even when losing?

[Stablexcoin]

Let's face reality.. most gamblers lose money in the long run. But does that automatically mean we're not smart bettors?

I want to ask:
Do you define a smart bettor as someone who:

1- Minimizes their losses effectively, or
2-Simply stays within their predetermined loss limits?

Explain based on your understanding and experience. We're focusing on losses here, but if you want to share insights from your winning strategies (if you're profitable), that would be even more interesting to discuss.

Staying within a predetermined loss limit is easier said than done. When a gambler starts gambling, the only goal is to win. Most gamblers forget what they were trying to do while betting.

So a smart gambler will most of the time effectively cut their losses. And keep betting for a long time.

Then such a person is not considered a smart bettor, those who understand risk, profits, and losses will know how to manage their bankroll in a way that serves smart decisions from the gambler.  

A smart bettor can have both qualities at a time. Every gambler needs to input both in the same act of gambling, limiting how much is spent on betting, when losses are more, instead of chasing high bankroll inside the bet, a smart bettor knows how to cut the chase. You will lose in gambling, losses most times can be more than wins, that doesn't make you not smart, knowing when a pause is needed to save your bankroll makes a person smart.

[Dailyscript]

Losing doesn't change the fact that you are not a smart bettor but you can't be smart enough to always win.. losing is part of the game and I don't think there's anyone that claims not to lose in gambling, no matter how much of an expert you are losses are inveitable..One way to actually know if you are a smart bettor is what comes into your bet account and what you win at the end of every month, if your bet log shows that you have made Moore profit than losses at the end of the month then you are indeed a smart bettor..

What attribute do describe a smart and foolish gambling. I think we  humans are bringing lot of terms in the industry that is not needed. Once anyone makes up his mind to gamble he is ready to risk an amount, knowing he could lose it all too. Since they have tagged those who losses as foolish gamblers then almost every gamble is foolish. Because no one can boast that he haven't had any loss in gambling ever since they started gambling. Instead of using smart why not use the word lucky.

[boltz]

I don't consider myself a smart bettor at all no matter if I win or lose  . I just place random bets here and there with big odds and then hoping I will win a big one but it rarely happens but lately with how unpredictable games are it's way better to place big odds bets instead of going with "safe" odds.  

[Charles-Tim]

Staying within a predetermined loss limit is easier said than done. When a gambler starts gambling, the only goal is to win. Most gamblers forget what they were trying to do while betting.

So a smart gambler will most of the time effectively cut their losses. And keep betting for a long time.

I prefer to win than lose and anyone will not be happy to lose but because I use small amount of money to bet, I do not see myself to cut losses or continue to gamble. It is just normal for me to lose and not gamble for that day again. Sometimes I may because of that choose not to gamble for weeks because I do not want to use more than 1% of money weekly income on gambling which is good for me. So this is not only easy for me but it is what I am very use to naturally. I was not like this before but gambling and reality taught me.

[Lanatsa]

Let's face reality.. most gamblers lose money in the long run. But does that automatically mean we're not smart bettors?

I want to ask:
Do you define a smart bettor as someone who:

1- Minimizes their losses effectively, or
2-Simply stays within their predetermined loss limits?

Explain based on your understanding and experience. We're focusing on losses here, but if you want to share insights from your winning strategies (if you're profitable), that would be even more interesting to discuss.

Minimizing loses or staying with their predetermined loss limits are just that the same or generally that everything is that talking about on the ability on how you do able to stop yourself on the said situation. When you are someone whose still being sane at the moment that you are losing money on your betting then i can definitely say that you are having the control on whats currently happening into your activity and on the bankroll you do have on which this is the most important thing, because bettors usually lose up their cool and decided to make out some further deposits just because they cant accept out their fate or currently things happening into them. Being smart will be talking about into those bettors who are good on bankroll management and at the same time they are that good when it comes to emotional control on which i could say that it is the most important thing of all, because at the time that you cant be able to control your emotion then mentality and plans on mind will definitely be useless.

I don't consider myself a smart bettor at all no matter if I win or lose  . I just place random bets here and there with big odds and then hoping I will win a big one but it rarely happens but lately with how unpredictable games are it's way better to place big odds bets instead of going with "safe" odds.  

I have been through this kind of thinking on which trying out to go into those big odds betting rather than on sticking with the favorites on which there are those moments that those bets arent that worth at all. Somehow, im not making up some blind bets about betting directly into them without knowing into the games that i've been dealing into. I do choose up into those teams/players who do have that chance to make or get some upset in towards into the favorite team on which somewhat do able to make out that hit, but of course it wont be that often.

[Muba20]

2-Simply stays within their predetermined loss limits?

This describes better who a smart bettor should be, because everyone looses in gambling regardless of how smart they are, so looses should not be the element to judge with, but rather the ability to stay controlled and within your financial limits.
A smart bettor makes sure to ensure that activities from his gambling do not begin to spill into and affect other aspects and areas of their lives. A gambler who has chosen discipline is smart.

Most gamblers have the same situation in gambling where they lose control over themselves when they are losing. Which has a major negative impact on their lives. But if a gambler can control himself, especially if he is able to show prudence at the time when he loses, then it will not have any negative impact on him, rather he will be able to smoothly prolong his betting activities. Gambling will never have a negative impact on gamblers who are able to keep themselves cool even after losing. They will not become addicted. They will be ahead in conducting responsible gambling.

[Victorybit1]

Being smart doesn't mean that you are not going to lose in gambling, this is something that's inevitable, there's no way to constantly be in profit because you are not smarter than the bookmakers. If you end up losing a bet you just have to accept the fact that it's all part of gambling, even the games you are sure of can end up going in a different direction. This is why I don't take gambling seriously anymore, there's no need to stress yourself over trying to crack a code or get something right, you just need to get lucky.

[Vaskiy]

Rather than being smart, it is good to be a disciplined bettor, because when you keep yourself following certain things in gambling, automatically things will work out in your favor. Being smart will be effective, but the same could go out of our hands at times, but with discipline, things can be kept within control, unlike any sort of situation. Once I used to be a disciplined bettor, but the greed made me lose control, and the continued gambling has made me lose confidence in gambling.

[Davidvictorson]

Let's face reality.. most gamblers lose money in the long run. But does that automatically mean we're not smart bettors?

I want to ask:
Do you define a smart bettor as someone who:

1- Minimizes their losses effectively, or
2-Simply stays within their predetermined loss limits?

We shouldn't limit a smart bettor to only these two. And I think they have nothing to being smart rather they are the components of responsible gambling. A smart bettor would be one who chooses to stay with a reputable casino rather than leaving it and go and bet in an unknown casino because they are offering bonus. After which they end up losing and their money.  A smart bettor would read between the lines of certain too good to be true promotional offers and stay put in where they are.

[Kristiyana]

I don't consider myself a smart bettor at all no matter if I win or lose  . I just place random bets here and there with big odds and then hoping I will win a big one but it rarely happens but lately with how unpredictable games are it's way better to place big odds bets instead of going with "safe" odds.  

Of course every gamblers have the right to choose the strategy that they will use probably when gambling, if you choose to go with the strategy of placing random bets with big odd, I think the choice is yours. But I'm glad you knew that the wining don't come so easily, rather is going to take a lot of time before you can still get profited when you're making use of that strategy. But for me I will prefer going for those safer odds, I know those odds do fail most times, but it can never be compared with that of random bets.

[r_victory]

I consider myself a smart bettor because I stick to my betting limit even if I lose. I don't try to recover my losses, as this will only make me lose more. If I run out of my daily budget, I try again the next day. It's the best I can do without getting frustrated.

[mirakal]

Those who win from gambling were not exempted from losses anyway, so surely they have endured losses first before they started winning. Now talking what a smart bettor is, for me it’s more likely those who are winning more than losing. Smart bettors were able to maximize their winning potentials, thus minimizing from suffering from losses. And those who also manage to gamble just for fun, and winning comes as a bonus. And lastly, those who are good in controlling their gambling urges, as they are not helpful anyway in the long run.

[Asiska02]

Do you define a smart bettor as someone who:

1- Minimizes their losses effectively, or
2-Simply stays within their predetermined loss limits?

Explain based on your understanding and experience. We're focusing on losses here, but if you want to share insights from your winning strategies (if you're profitable), that would be even more interesting to discuss.

Everyone loses in gambling and those that know how to manage their losses can be considered as smart bettors. We can’t control the games we are betting on but we can control how we spend money on them and those decisions are what make one to be a smart bettor. The two options you’ve given to define a smart bettor can both be considered to describe one to be a smart bettor. Some wins in some games can give you big results to cover up for some of your losses but until you hit such jackpot, it is better you stick to control your losses and gamble within the means you can manage and not get recked with.

[suzanne5223]

Let's face reality.. most gamblers lose money in the long run. But does that automatically mean we're not smart bettors?

I want to ask:
Do you define a smart bettor as someone who:

1- Minimizes their losses effectively, or
2-Simply stays within their predetermined loss limits?

Explain based on your understanding and experience. We're focusing on losses here, but if you want to share insights from your winning strategies (if you're profitable), that would be even more interesting to discuss.

My preference for what I consider a smart bettor, even when losing the game, is not based on my understanding and experience, but rather the reality of gambling.
If a gambler is losing the game, but still maintains his/her budget, never goes beyond it, and still controls his/her buzz, such a gambler is a smart bettor unless we want to lie to ourselves since the game is built to mostly favor the house.

[Churchillvv]

Basically anyone who has a predetermined loss limit is already a smart bettor or gambler, adding that your already minimising your losses effectively by staying within the set limit so from my opinion both are smart bettors.

Even those who are losing and those winning can still be considered smart bettors it's only the subjectivity of everyone that we define smart or not smart someone can be smart bettor yet not setting limits nor minimising his losses but knows when to stop when to start and other things so I still consider a lot of bettors smart because they can do other things than setting limits only.

[alegotardo]

Do you define a smart bettor as someone who:

1- Minimizes their losses effectively, or
2-Simply stays within their predetermined loss limits?

For me, a smart gambler is not necessarily someone who wins money all the time, but rather someone who is able to manage their risks and minimize their losses effectively so that they can continue playing and enjoying betting.

A smart gambler knows how to calculate the risks and probabilities of each bet and is able to adjust their strategy according to the circumstances, and respect the limits they impose on themselves in order to avoid excessive losses. In addition, a smart gambler is able to learn from their mistakes and adjust so as not to make them again in the future.

Of course, no one is perfect... even the smartest gamblers can have periods of loss and I think the key to success is being able to recover from these losses and continue to play intelligently and responsibly.

I consider myself a smart gambler... I manage my bankroll well, I don't spend more than I should, I sleep every night without worrying even if I don't win in the long run.

That's fine for me, what about you?

[Ever-young]

I don't consider myself a smart bettor at all no matter if I win or lose  . I just place random bets here and there with big odds and then hoping I will win a big one but it rarely happens but lately with how unpredictable games are it's way better to place big odds bets instead of going with "safe" odds.  

Being a smart gambler or bettor isn’t about constantly winning or making accurate bets. Rather, it’s about being in control of your emotions when you play, it’s all about knowing exactly when to leave the dance floor and take a break from gambling, because it takes only one that is smart to avoid mixing their emotions with their bets, regardless of the outcome of the bets, since it’s just too easy to get caught up in all the hassle of the game, only the smart ones would know how to effectively handle and navigate the situations, so as to avoid falling into unnecessary and unintended losses.

[lovesmayfamilis]

If you understand that gambling is primarily meant for entertainment, then the most correct and intelligent step in it will always be to remain within the framework of the game and nothing else. Any explanations that someone can earn money on gambling, or the opposite, that someone completely empties their pockets, having a gambling addiction, will not be taken into account, since it is necessary to understand that luck, which is present in games, cannot be tamed. Therefore, a smart player does not experience any nervous shocks from any results of gambling, does not spend everything to the last cent, and does not become addicted to games. The ability to have fun is a necessary part of a person's life.

[yahoo62278]

Let's face reality.. most gamblers lose money in the long run. But does that automatically mean we're not smart bettors?

I want to ask:
Do you define a smart bettor as someone who:

1- Minimizes their losses effectively, or
2-Simply stays within their predetermined loss limits?

Explain based on your understanding and experience. We're focusing on losses here, but if you want to share insights from your winning strategies (if you're profitable), that would be even more interesting to discuss.

I think everyone who bets a lot knows that you can go through streaks of ups and downs especially in sports betting. Huge favorites are not unbeatable, they are just who is favored based on the past honestly. You're dealing with professional athletes and anyone can beat anyone with the right circumstances.

As far as who is a smart bettor, both of the reasons can be considered. If you take small losses on the day aren't you staying within a predetermined loss limit anyways? Someone who is not chasing losses should also be considered. We all know how that likely ends up, martingale til it fails and you bust.

[davis196]

1- Minimizes their losses effectively, or
2-Simply stays within their predetermined loss limits?

What exactly do you mean by "minimizes losses effectively"? Placing less bets(less as quantity, for example 5 bets instead of 10 bets)? Placing smaller bets? Not betting at all for a given time frame? My method of minimizing losses is placing smaller bets.
Having a predetermined loss limit doesn't work for me, because I often go below that limit.
Losing or winning at gambling doesn't have anything to do with your intelligence, because gambling is all about luck. Some people think that they could "manage" and control their luck, but I think that they are delusional. Luck is completely random. You can't control luck.
What you can control is going gambling activity and I think that high level of self-control shows a high level of intelligence.