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

[Proty]

Well yes I can still consider myself to be a smart gambler even when losing however it totally depends on my past gambling history,how many times I have won if it is more than the numbers of times I have lost.In gambling winning is not always sure at all times so one would still be considered to be a smart gambler despite when losing unless when the person has incurred more losses than he has won while gambling then the person can be considered as not being smart.

[Mpamaegbu]

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

Well, the term "smart" is in relative context here and I believe it doesn't extend outside gambling. Otherwise, we could say anyone who loses or fails at something hasn't got a better way to handle it and that simply means they aren't smart enough. It includes losing, if we're gambling. We only consider ourselves smart when we win. Wins are the proof we need of our smartness. Without it, we can't have evidence to present of our smartness.

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?

In the absence of a third option – wins more than they lose, I will go for option 1.

[danherbias07]

Well yes I can still consider myself to be a smart gambler even when losing however it totally depends on my past gambling history,how many times I have won if it is more than the numbers of times I have lost.In gambling winning is not always sure at all times so one would still be considered to be a smart gambler despite when losing unless when the person has incurred more losses than he has won while gambling then the person can be considered as not being smart.

I think the shortest term would be if a gambler is "out of control". Now, that's not a smart gambler anymore. When that happens, a gambler could repeatedly deposit until he finds that one win, which will give back everything he lost or win some. But I do know it doesn't end there. He will keep on betting until he wins more, and that's when we are choosing to be unwise with what we are doing.

Choices. We must always choose what's responsible, especially when it comes to our financial status. If we think we do not have the ability to spend more money after losing then we better stop and that's when we become a smart gambler.

[Pmalek]

You can make all the research you want, read expert opinions, consider all possible scenarios, submit what you think is the perfect bet, and you could still fail. Let's take sports betting as an example. You do everything I just mentioned, but there is no way to foresee a mistake in the defense at the start of the match where the last man makes a tackle to prevent a one-on-one situation and receives a red card. From that point on, all your work you did on predicting the correct outcome goes down the drain, and eventually, you lose your bet. However, that doesn't mean it was a bad bet. It was just unlucky.

[Iranus]

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 am also confused because this is the first time I hear the definition of a smart bettor because to me gambling is just a place of entertainment after stressful working hours. I never considered it as a place to make money or get rich, and every time I gamble, the only thing I think about is hoping I will be lucky today. Honestly, I have never spent time researching strategies or ways to win more in gambling, so this definition is quite foreign to me.

To me, there are only two types of players in gambling, responsible players and irresponsible (addicted) players.

[stomachgrowls]

Well yes I can still consider myself to be a smart gambler even when losing however it totally depends on my past gambling history,how many times I have won if it is more than the numbers of times I have lost.In gambling winning is not always sure at all times so one would still be considered to be a smart gambler despite when losing unless when the person has incurred more losses than he has won while gambling then the person can be considered as not being smart.

Smart doesnt only talking about your winning rate but rather into the time that you do able to stop when you are in loses on which this is where OP was trying to say. Winning rate or profitability of a certain gambler could be mainly be pertained about on how lucky a certain could be at the time or moment that they do gamble but it do have on the same share issues is on how to stop at the moment that you are losing. On the moment that you are losing then the primary thing that comes up into your mind is on how you would be getting those loses back or having that break even. So it will be that up to you on making up decisions on which you do seem that gives out that good situation or benefits rather than on putting you into serious trouble. When you are losing and then make it a stop then this do shows or signifies that you are good when it comes to self control and having that discipline because this is where most gamblers do really fail on doing so.

[Shinpako09]

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.

Both 1 and 2 can be considered as a smart bettor coz if one can do that it means they have complete control of their emotions. Never got swayed easily by losses and only stick to their plans or limits. Even when luck is on one's side and he/she is still sticking to their goal. Not just losses, even when winning, one could possibly be swayed by emotions thinking he can do it continuously. So if a bettor can control his emotions, that's a good trait of a smart bettor, be it winning or losing.

[Z390]

The word smart in gambling space belongs to those who win more than they lose, atleast this is what everyone believed. I don't believe such because losing is more certain than winning here, if somehow you are winning more be prepared, tons of losses are on the way.
Been smart as a gambler to me is how descpline you are when it comes to your gradual gambling activities, how you manage your bankroll makes you an idiot or a smart gambler.
It is not about how many times you win because you won't even know when you will win next or lose, instead of trying to be smart in the area of winning more money it's better to be smart with your bankroll.

[nullama]

Well yes I can still consider myself to be a smart gambler even when losing however it totally depends on my past gambling history,how many times I have won if it is more than the numbers of times I have lost.In gambling winning is not always sure at all times so one would still be considered to be a smart gambler despite when losing unless when the person has incurred more losses than he has won while gambling then the person can be considered as not being smart.

The thing is that the odds are predefined by the casino.

There's not much that the gambler can do to change these things.

Odds determine the long term distribution of money between the casino and the gambler.

It doesn't matter if the gambler is Einstein, the odds are always going to make the casino earn more money than what the gambler gets.

It's just a matter of probabilities.

[Taskford]

Well yes I can still consider myself to be a smart gambler even when losing however it totally depends on my past gambling history,how many times I have won if it is more than the numbers of times I have lost.In gambling winning is not always sure at all times so one would still be considered to be a smart gambler despite when losing unless when the person has incurred more losses than he has won while gambling then the person can be considered as not being smart.

The question is somehow confusing since if you think about it, how you became a smart gambler if you are losing? By having such losses it determine that you are not doing good and that's not healthy for us to experience.

So maybe to make that word justifiable I think the argument we can agree with that subject is are smart to know when to quit especially if we are starting to lose. I guess with that word we could give a good justice to the word smart and for sure people would agree with that.

[nara1892]

Both fall into the category of smart gambling approaches, I would say based on my experience as an active gambler that smart gamblers are not those who win more but those who are able to manage and minimize everything well especially in terms of risk.
From another perspective when you lose more than you win then it also does not mean you are not smart, winning and losing does not depend on how hard you try but depends on how lucky you are each time you play.

In conclusion smart gamblers are those who are not affected by defeat, are responsible and always bet with an amount they can afford to lose regardless of the outcome.

[Fuso.hp]

In this case, I want to discuss two things here, the first thing is that a gambler gambles without having a good idea about gambling and in the first case he gambles and wins, but he has no reason to think that all the gambles he plays will be in his favor and he is very experienced in gambling. The second thing is that an experienced gambler thinks many times before playing a gamble and thinks about what the outcome might be or if the outcome goes against him or if the outcome is in his favor.

Even after gambling, a person who loses after gambling has no reason to think that he does not have a very good idea about gambling. Many times, even after making predictions, the outcome goes against him and sometimes some gamblers win by relying on their own luck.

In this case, I will always support the fact that a gambler should think many times before gambling and if he loses after thinking many times, he should still try again, maybe the next outcome may be in his favor. 
But those who gamble depending on luck may get lucky once or twice, but most of the time, the results go against such gamblers.

[TheUltraElite]

If you can stop yourself when you are losing and then stop your gambling habits, you are a smart person - there is no such thing as smart bettor, a person who bets is putting their luck in front of their skills, that is not smart.

But minimizing losses is a term that some people might use, this should be done in the final steps before stopping betting altogether, because if you play you are bound to lose and the chances of winning something big is not that common.

[Altryist]

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.

Losses will happen to every player, and if it happened to you, it does not mean that you are a bad player, the most important thing is that it is not a constant phenomenon. Even good players have a losing streak in which there will be temporary losses, the most important thing is that you remain with a profit over the long term.
And if losses are a frequent occurrence, then it is worth analyzing your entire path in shambling and perhaps it is worth making a decision to change something, or even stop playing if it affects your budget. But if these are temporary losses, then it may make sense to take a break and return to the game later with renewed vigor.

[Lida93]

You can be smart and still lose, being a smart gambler doesn't make you immune to losing. We all have our bad days with gambling, it could weeks or months of losing in some rare situations but that doesn't imply a lack of smartness. It's an activity beyond our control and that's what makes it's necessary to always make do with an amount we can easily walk away from in any loss. Even in investments people still make losses, does that make them not smart?

[Questat]

As a gambler, I consider myself a loser. However, I didn't think that this would make us not smart bettors. If we know how to manage ourselves and stay within our budget limit, that is still what it looks like. Because no matter what we do, our winning odds are so low that a gambler will surely lose in the long run.

So the question is, why am I still here? Well, I'm hoping to be lucky someday and hit the jackpot prize. It might be a stupid mindset, but at least I keep to my limit.

[Sim_card]

Well yes I can still consider myself to be a smart gambler even when losing however it totally depends on my past gambling history,how many times I have won if it is more than the numbers of times I have lost.In gambling winning is not always sure at all times so one would still be considered to be a smart gambler despite when losing unless when the person has incurred more losses than he has won while gambling then the person can be considered as not being smart.

Sounds funny that it's only when you have made more profits than losses that you can be called a smart gambler, when we know that most of us gamblers incur more losses than profits. Gambling is a game of luck and it is a norm for you to lose more than you win because losses are inevitable. I see a smart gambler as someone that can manage his bankroll properly and limit his losses. Gambling is for fun and not to make profits.

[Bitinity]

Smart or not is not based on the result of our gambling activities, it is about how we do with our gambling habit/activity. As long as gambling is not affecting our life, we are smart enough because it means that we do gambling responsibly. Even if we are on winning but we cant deal with it responsibly, we are not smart in this case.

[nullama]

Smart or not is not based on the result of our gambling activities, it is about how we do with our gambling habit/activity. As long as gambling is not affecting our life, we are smart enough because it means that we do gambling responsibly. Even if we are on winning but we cant deal with it responsibly, we are not smart in this case.

Yeah, it really depends on what you are considering your goal really.

You can be smart or not smart at all doing exactly the same action, it all depends on the goal you want to achieve.

I do feel like OP wants to feel better after a gambling loss though, but I wouldn't read too much into it.

[SmartGold01]

Smart or not is not based on the result of our gambling activities, it is about how we do with our gambling habit/activity. As long as gambling is not affecting our life, we are smart enough because it means that we do gambling responsibly. Even if we are on winning but we cant deal with it responsibly, we are not smart in this case.

Yeah, it really depends on what you are considering your goal really.

You can be smart or not smart at all doing exactly the same action, it all depends on the goal you want to achieve.

I do feel like OP wants to feel better after a gambling loss though, but I wouldn't read too much into it.

Maintaining a mental health and able to know their limits including amount to gamble and not is also another reason of calling someone a smart gambler and not subjected to only winning, winning is what gives Joy in gambling it brings out your interest and feelings that they will keep winning whenever they stake on any game. The main gambling is whenever you are not that desperate of having winning huge amount from gambling and they can control themselves while gambling is what that is defined as smart gambler or bettor.