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

[masulum]

This is how a good gambler should think, any money you stake in a bet just see it as a 50/50. even when you hope for win,. bear in mind you might lose it. so when you finally lost you won't break down or being depressed. With this you will mindset you are already conquered emotions in gambling.

Mentality and readiness for loss one of the parts of become smart bettor, not because they are able to take high risks in betting. Smart is how he can control himself, also he has strategy to decide when to enter and bet. Of course, thinking 50/50 is the first, followed with self-management, mentality and emotions control. This will affect the mindset while gambling. most of gambler easily break the control, when gamble too long, both when lose or win. Our brains will start to become unstable and want to try to win as much as possible. So, smart bettor is a gambler who knows, when to stop at least to minimize his loss with his mental and emotion control.

[Heff Wood]

I think it’s best to approach each bet with an entertaining mindset; otherwise, the bigger the expectation, the bigger the disappointment. And for the casino, how can they make a profit if the players don’t lose?

[Strongkored]

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 don't know what the benchmark is for someone to be called a smart gambler or not, but for me you can be called smart if you stick to a budget no matter what the results are, and that budget is money that you can afford to lose.
Gamblers may be able to set a loss limit that they can afford, but what if the loss has reached the limit? Will the next game session provide certainty of profit? Of course not, so it is difficult to minimize losses and also set loss limits, the easiest thing in my opinion is to make a budget and stick to that budget, even though the desire to gamble is very big.

[Roseline492]

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?

Everybody is a smart bettor even if the person has not won for past months but however there might be people who were once smart but no longer smart again because of what they have made themselves to become. However Since the losses is what we are looking at in terms of the one that would be suitable, I will use both the minimizing lost and also the predetermined lost you said because non of the two poses harm to a gambling but instead is even a good thing to use so that there would be no serious lost of finance, I have been using the two because I cash out games sometimes which is minimizing lost and also have small I use.

[Smartprofit]

I recently watched the movie Casino Royale about the British secret service agent 007. The mission of the main character of this movie, James Bond, was to beat a dangerous and seasoned criminal.

This criminal considered himself incredibly smart because he played poker very well. And indeed, such a gambling game as poker requires very high intellectual abilities. A person who wins at poker in the long term can rightfully call himself a very smart person.

However, most gambling is not like that. Most gambling is based solely on luck, and a lucky person is not necessarily a smart person.

So when I find that I lose very often in gambling, I tell myself - "I'm not stupid, I'm a smart person, I'm just unlucky today, unlucky in gambling, then I will definitely be lucky in my personal life!"

[maydna]

If I quit gambling because of losing the money and the loss is not too much, I am a smart bettor because if someone can not minimize their losses effectively, he may lose too much money. He must stop gambling instead recover his losses because that can make him losses more money. Losing some money will be okay but if the losses become big and we also lose control, that will not be okay. We will not become smart bettors because we don't know what will happen next and that will add more losses.

[Moreno233]

I don't believe there is no expertise in betting because luck is an important part of the business which means there is a limit smartness can take you to. Weather you lose or win, you don't think of being smart because you don't control the game and all you do is predict based on probabilities. This makes losing inevitable and something one must learn to accept to remain sane as a gambler. if you are not ready to accept losses, you better look for something else to do rather than gambling. Hence, losing does not define how good you are or not as a bettor.

[Dr.Bitcoin_Strange]

If I quit gambling because of losing the money and the loss is not too much, I am a smart bettor because if someone can not minimize their losses effectively, he may lose too much money. He must stop gambling instead recover his losses because that can make him losses more money. Losing some money will be okay but if the losses become big and we also lose control, that will not be okay. We will not become smart bettors because we don't know what will happen next and that will add more losses.

I read a comment on this board where a member once said that gambling without expecting or experiencing losses is like going for swimming and expecting yourself not to be wet by the water. Even smart gamblers still can not evade losing but would reduce how much they lose by only spending a small amount they can afford to lose. Every gamblers should know that being smart does not mean that they can not lose but means that they should gamble responsibly.

[nullama]

I think it’s best to approach each bet with an entertaining mindset; otherwise, the bigger the expectation, the bigger the disappointment. And for the casino, how can they make a profit if the players don’t lose?

Well, I think OP was thinking more from the point of view of the gamblers, and not the casinos.

I guess you can still say someone is smart, of at least rational, if they lost a bet, but at least tried to maximize their odds.

If someone bets on something incredibly rare, and loses, then I guess that is expected.

I don't know why OP would still think of themselves as smart though, maybe to make the loss a bit easier to process?

[Japinat]

I think it’s best to approach each bet with an entertaining mindset; otherwise, the bigger the expectation, the bigger the disappointment. And for the casino, how can they make a profit if the players don’t lose?

That's a fair point.. of course casinos need us to lose overall for them to stay profitable. But the key is we shouldn't lose more than we can afford, so we can keep playing sustainably while they maintain their business.

This pattern tells us we're really paying for entertainment, since we continue gambling despite the losses. And honestly, we don't regret it because we go in expecting to lose anyway. Any wins are just rare bonuses that make the experience even more exciting.

[Webetcoins]

I don't believe there is no expertise in betting because luck is an important part of the business which means there is a limit smartness can take you to. Weather you lose or win, you don't think of being smart because you don't control the game and all you do is predict based on probabilities. This makes losing inevitable and something one must learn to accept to remain sane as a gambler. if you are not ready to accept losses, you better look for something else to do rather than gambling. Hence, losing does not define how good you are or not as a bettor.

Even though you are right, I guess we are talking about sports betting here and when it comes to sports betting, knowledge and experience play a greater role than luck because you can't make blind predictions and expect that you are going to win. You may win sometimes, but you are going to lose most of your bets, and that is going to make you lose more money in the long run. If you are making analyzed bets and choosing games that you know very well, then you are going to have a higher success rate.

Coming back to the question, I think losing sometimes doesn't prove that you are not smart because we often see the favourites lose to sides which are the least favourites in a league or a tournament, and if you have chosen the favourite in such a game and lose it, it doesn't mean you are not smart but it only means that your luck didn't work this one time.

[batang_bitcoin]

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

We're smart but that just normally comes and we lose but it doesn't mean we're not smart but a loser. 

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?

1. Yes, if someone is good at minimizing the losses. I think that's the actual description of what a winner is. They'd win and at the same time, they're minimizing the risk and potential losses.
2. It's smart as well but the smarter ones knows how to weigh the risk.

[alastantiger]

I don't believe there is no expertise in betting because luck is an important part of the business which means there is a limit smartness can take you to. Weather you lose or win, you don't think of being smart because you don't control the game and all you do is predict based on probabilities. This makes losing inevitable and something one must learn to accept to remain sane as a gambler. if you are not ready to accept losses, you better look for something else to do rather than gambling. Hence, losing does not define how good you are or not as a bettor.

Losing one bet shouldn't mean you aren't smarter, losing few bets too shouldn't mean you're not smart hence we can have smart gamblers and those that aren't smart in gambling. Smart gamblers have times when they do lose but there's something they're doing that others aren't and this what makes them smart. Losing does define how bad you're as a gambler, someone that's always losing can't be compared to the gamblers that have more wins than the losses. For everyone gambling that isn't only doing it as pleasure but is trying to get some money from it, they have to be winning but it shouldn't be a must win situation or you'll end up becoming a gambling addict that's not stratified with his victory and wants to always make more wins but keep failing.

[Rengga Jati]

If I quit gambling because of losing the money and the loss is not too much, I am a smart bettor because if someone can not minimize their losses effectively, he may lose too much money. He must stop gambling instead recover his losses because that can make him losses more money. Losing some money will be okay but if the losses become big and we also lose control, that will not be okay. We will not become smart bettors because we don't know what will happen next and that will add more losses.

It is your choice to stay or to leave gambling. If you can't manage your money and you have no self-control, gambling isn't the right place for you. Gambling is only for people who understand to manage money and have the mature mentality.

If you're afraid to lose huge money, you naturally use small money only. It is always not recommended to use big money, unless you're professional or experienced gamblers. Even those professional gamblers, I'm sure they won't use big money for any gambling game, they must choose certain games. For the luck-based games, using big money is a big mistake. Smart bettor will never use big money for too risky games.

[Hatchy]

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.

When you find your self losing, there's tendency for one who have goo risk management to end his gambling activity for the day. Though some times you may not be able to control your self not until your funds have fully been exhausted. Though I won't say someone is a smart better just because he's able to stop himself for losing as all of that is just luck, a smart better is someone who does try to make his losses back, that way he keeps himself in control and play better on his next round.

[TelolettOm]

Actually, I'm a bit confused with the definition of a smart bettor in gambling, because even if there are more wins, and the results are more profitable than losing, is it because we are smart? or because we are just lucky. or a combination of both. ahhaa I can't judge all of this.

but more on the condition of how we are able to control ourselves, our emotions, our unlimited will, and also the tempting desire to continue gambling no matter what happens. Yes, when we can overcome it and manage it well, maybe that's what is called being wiser.

[nullama]

Actually, I'm a bit confused with the definition of a smart bettor in gambling, because even if there are more wins, and the results are more profitable than losing, is it because we are smart? or because we are just lucky. or a combination of both. ahhaa I can't judge all of this.

but more on the condition of how we are able to control ourselves, our emotions, our unlimited will, and also the tempting desire to continue gambling no matter what happens. Yes, when we can overcome it and manage it well, maybe that's what is called being wiser.

I think OP wants to feel better after losing maybe? As in, they gambled in a rational way, yet they lost money....

The thing is that you can be a person that only bets once in their lifetime, without knowing anything, and betting into a really bad odds game, and just by luck they win the big prize.

It doesn't really have anything to do with how smart the gambler is, it's simply odds and luck.

[ChiBitCTy]

Of course you can.  Just because you lose at times, doesn't mean that you aren't a good gambler, just means you might be going through a rough patch at that point in time.  Even the best of gamblers go through some tough times where they lose and sometimes they lose a heck of a lot. 

So it really just depends on why you're doing badly and what you're betting on.  Theres a big difference in going through a rough streak depending on what type of game youre playing.

[Ziskinberg]

The thing is that you can be a person that only bets once in their lifetime, without knowing anything, and betting into a really bad odds game, and just by luck they win the big prize.

It doesn't really have anything to do with how smart the gambler is, it's simply odds and luck.

Every one of us starts as a newbie, placing our first bet with little experience. But like me, even after gambling for years, I’d admit it hasn’t been profitable. By "profitable," I mean my losses outweigh my wins. Still, I consider myself smart because I’ve lasted this long without letting it hurt my finances."

So it really boils down how mentally and emotionally prepared a gamblers are when they first attempted it.

[Obari]

Actually, I'm a bit confused with the definition of a smart bettor in gambling, because even if there are more wins, and the results are more profitable than losing, is it because we are smart? or because we are just lucky. or a combination of both. ahhaa I can't judge all of this.

but more on the condition of how we are able to control ourselves, our emotions, our unlimited will, and also the tempting desire to continue gambling no matter what happens. Yes, when we can overcome it and manage it well, maybe that's what is called being wiser.

One thing we should know, gambling is never consider to be an easy one, I've encounter more losses during my early days of starting gambling and clearly understand what it means when one is experiencing losses. Gambling have been entirely not important for us and also important to the vast numbers. We can be pulling big stunts and experiencing either profits or losses but standing up in firm positions should explore more opportunities for us. Been a smart bettor is all about knowing the sector of sport that best suits you and knowing the risks and rewards involved. Smart bettors don't trigger the order to gamble based on emotion but constantly on gambling pattern and results.