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

[nullama]

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.

Assuming you acknowledge the fact that the best strategy is not to gamble, then assuming that someone is gambling and we would need to specify their "smartness".

I think the key would be to consider how much the gambler tries to increase the chances of winning. If they play a game with bad odds, then that's not too smart.

If they bet on a game that is close to 50/50, then that's a smarter move.

If they have insiders knowledge of a sports team for example, even better. They might end up in a good situation there.

[Cityhunter34]

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.

Normally losing is the number one thing in gambling, but what actually makes you a good gambler is when you gamble responsibly without thinking of chasing your losses in gambling. Of course a smart bettor is when you are able to control yourself and take a break when you are having some losses in gambling. Though that is where most gamblers do experience challenges when gambling, because they always have this feeling of recovering their losses, without realizing that gambling depends on luck.

[viljy]

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.

To identify a smart gambler, I would choose option 2 as the only possible one. I explain why. Option 1 is not an effective minimization of losses, but just luck or bad luck. In a word, an illusion, a self-deception of a gambler. What is effective loss minimization in general? Did the gambler win back in poker? Well, let's say. But poker is not slots or roulette. Let him try to win back at roulette, where it will immediately be seen that imaginary efficiency is an illusion. Therefore, a real smart gambler does not lose money over the limit (he controls his bankroll).

The same applies to betting. The element of chance in sports betting is also very significant. If this were not the case, then bookmaking would not exist. If you see someone who is too lucky betting on sports, then most likely he is smart in the sense that he has found a source of insider information, rather than effectively minimizing losses. He just doesn't have any losses.

[Dr.Bitcoin_Strange]

Smart investors can be described in different scenarios, for example, if you stake on a game and while the game is live, you had a very huge cash out off which could be 5x than the amount you staked but you refused to accept the cash out and at the end of the day, you lost everything. A smart gambler wouldn't do such, another scenario is also when a gambler keep gambling with all the money they had even when they are on losing streak.

[crwth]

One can be considered smart if one knows what they are doing, whether gambling or investing in whatever one is trying to purchase. The easiest way to see if you are doing the right thing is to track your investments and see if they are growing in the long term.

Once you have handled that, you will probably know if you are a smart bettor or not.

[Hispo]

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.

To me the definition of a smart bettor is quite simple and it is linked to the definition of a successful/profitable bettor. A smart bettor is the one who consistently is able to have a positive ratio between their wins  and losses, that is all.
One does not need to over-analyze beyond that.

A smart bettor can have losses and even sometimes consecutive losses in the same day, but if by the end of the week or the month he has managed to earn a significant balances in spite of those loses,.then he has become both a smart bettor and also a successful one.

[Natalim]

You are a smart bettor if you were able to act responsibly. Those things are the behavior of a responsible gambler. But honestly, it was too tough to be in that situation. Sometimes we lose control of ourselves and spend more.

Keeping smart is a big challenge for most gamblers. It is because we are born greedy, and keeping our limits not just sometimes fails but often. That is why I don't find myself being with this so-called smart bettor, because despite my long experience in gambling, I know that I still make mistakes again and again.

[radjie]

Being able to set a time to gamble can also be included in the category of smart gamblers, where someone who can limit themselves to gambling activities and not spend much time throughout the day. Actually there are still many criteria that can be called smart gamblers, some gamblers will certainly realize that, but when playing emotional control will likely change by itself depending on their situation when gambling

[LUCKMCFLY]

The money gamblers lose is normal because that is the rule of the game, you must lose before you win or in some cases most gamblers don't even win and you see them happily continue gambling because they see it as fun.

Yes, it is very common for that to happen to people, they have fun because those who do it knowing that they are losing are sometimes clear that the money they lose will not affect their life on a personal basis in expenses , people who spend what they shouldn't is when problems begin , the ideal is to see the game as fun, but to do so you must be Responsible with your money , if you have that control then I would say that you are an intelligent player.

[Findingnemo]

Who know their limits and who knows when to stop are the smart ones irrespective of win or lose, that help us to save us from busting the bankroll and also it is going to keep us away from addiction. But if we stretch that more than we have a lot more to discuss like which game we can choose from hundreds or even thousands because different games has different RTP, bonus pack, free spins, or jackpot then we have poker that can be won even if we don't have the best cards,etc.

[iv4n]

I don't consider myself a smart bettor, I am far away from that... I just love to gamble.

Before everything, smart bettors play poker and bet on sports. They don't play slots and other luck-based games, or they rarely play them. So those who wish to be smart players should start with focusing on +ev games, and if you can write everything you do, it will be a big plus. But even all of that doesn't mean that someone will succeed, luck is still a big factor. Without a little (or a lot) of luck, there is no success. Good luck.

[Beparanf]

Before everything, smart bettors play poker and bet on sports. They don't play slots and other luck-based games, or they rarely play them. So those who wish to be smart players should start with focusing on +ev games, and if you can write everything you do, it will be a big plus. But even all of that doesn't mean that someone will succeed, luck is still a big factor. Without a little (or a lot) of luck, there is no success. Good luck.

There’s some exceptions to this because some user still manage to stay on profit even playing luck-based game through the use of casino tournaments and promotion.

@Bitinity and @Roycilik are both profitable slot game player that typically make good profit from casino tournaments. I consider them as smart gambler because they do calculated gambling and always end with profit.

[Y3shot]

This is a tough question to answer honestly. I agree that most of us end up losing in the long run, so even if I can manage my losses well, I don’t think I can call myself a smart bettor.

I’d rather label myself as a disciplined bettor instead, because 'smart' feels like too strong of a word.
It implies consistent positive results, but in reality, my overall profit/loss ratio is still negative.

That us true, there is no smart gambling because no matter how smart you think you are in gambling for sure you will come across lose because gambling is more about lose. Instead of being a smart gambler I think we have discipline gambler that gambles with the amount that they can afford to lose,  and gamblers who knows there limit in gambling . If you gamble responsibly it can be considered that you are a discipline gambler and not smart investors.

[Ricardo11]

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.

Normally losing is the number one thing in gambling, but what actually makes you a good gambler is when you gamble responsibly without thinking of chasing your losses in gambling. Of course a smart bettor is when you are able to control yourself and take a break when you are having some losses in gambling. Though that is where most gamblers do experience challenges when gambling, because they always have this feeling of recovering their losses, without realizing that gambling depends on luck.

They always want to make up there losses, and the only reason for this is their inability to understand reality, they get so deeply involved in gambling that when they lose, they want to recover their losses by any means. These are basically addictive thoughts, they are deeply addicted to gambling, so they want to gamble even after losing, they think after each loss, they will be able to win the next game, but they never win the next game, rather they just keep losing. They always try to make up for the losses,  but they only move towards bigger losses. And the saddest thing is that they get addicted to this gambling, first they become financially destitute, and later they are at risk of losing their mental balance as well. So, you have to be responsible, gambling will never be harmful if you maintain responsibility and limitations properly.

[Muba20]

I don't consider myself a smart bettor, I am far away from that... I just love to gamble.

Before everything, smart bettors play poker and bet on sports. They don't play slots and other luck-based games, or they rarely play them. So those who wish to be smart players should start with focusing on +ev games, and if you can write everything you do, it will be a big plus. But even all of that doesn't mean that someone will succeed, luck is still a big factor. Without a little (or a lot) of luck, there is no success. Good luck.

I have bet on various types of games but I have not been able to make myself as a smart gambler in the true sense. I know that no matter how much experience a gambler has in gambling, there is no problem but he will lose sometimes and sometimes he will win. In my case, I also see the same thing. I have not received any big reward in betting and sometimes think that the effort is in vain. That is why I have not yet been able to introduce myself as a smart gambler. However, I believe that those who can bet on both research and luck-based games can definitely get big wins.

[uneng]

Do you define a smart bettor as someone who:

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

Smart bettor is the one who plays responsively, respecting his financial limits. It's the gambler who knows he can't rely on gambling to make a source of income for a living.

Regards the gambler who manages to minimize his losses efficiently, I don't think he is a smart one, because in order to minimize losses, it can be that he is chasing losses and going beyond his limits, what will inevitably end pretty nasty for him the more he goes through this route.

Smartness of a gambler can't be defined after few gambling sessions, rather it's through taking his gambling history into consideration that you will conclude if he took smart decisions or not.

[_BlackStar]

I do not claim to be smart in gambling - but someone can be said to be smart when he is able to make good decisions for himself. Gambling is identical to addiction and of course the impact is never good in the long term - but you will be said to be smart if you never really get the impact of this gambling. Of course - you have to gamble responsibly and never care about losing. Even if you win, it is just a reward that you deserve as part of the game.

Whether someone is smart or not in gambling is not measured by how often you win bets or how often you lose. For me, that is not the basic benchmark for determining someone's intelligence. When you make the right decisions, you have the right mindset towards gambling - then, you should be smart compared to thousands of other gamblers.

[o48o]

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 wouldn't call either of those smart in the context of your reasoning  (that we eventually lose anyway). Gambling is a past time for me and unrelated to my intelligence.

Number one doesn't really make sense, because what even is the alternative? Taking huge risks and being irresponsible? Without huge risks there are no huge profits.

Number 2 is just being responsible. You might call that smart, but then again intelligence and smartness have different meanings. Intelligent people can be irresponsible, but being irresponsible isn't smart.

[alastantiger]

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 define a smart investor as one who will minimize their losess effectively, all gamblers are going to lose hence saying you're going to stop losing isn't going to happen but you can minimize the losses that you're getting. You can do that by only taking bets that you're sure is going to give your profits and not those that you're waiting on being lucky to win. Also you reduce the numbers of bets that you take when gambling. A smart gambler is someone who his gains are more than his losses. Your smartness can only be measured after having so many bets and not when you're barely starting as a gambler and you think you're a smart gambler already. You can be smart when playing sport betting but can't be smart from playing casino games, you can only be lucky.

[Onyeeze]

Gambling is a gambling no matter how you participate in gambling you must experience the negative site of gambling so that is why when some people complain bitterly about gambling how they lose and they had a profit I always tell them that they should exercise patient and accept whatever thing they see in gambling because it is unplanned something that has to do with risk which winning on it is under probability that is why I don't have to give any reason or someone losing in gambling or someone winning in gambling