Why Smart Peoples Sometimes Get Stuck In Gambling

[Patikno]

What do you think? Do smart peoples really have an edge in gambling or does overthinking sometimes make it worse?

Fundamentally, gambling is all about luck. I know that in some gambling games, intelligence can be used to increase your winning percentage, but it is still not a 100% win rate. Therefore, we must remain aware that gambling doesn't guarantee a win, and our guesses may not align with expectations. Therefore, we should be wise in managing our finances when gambling, especially by setting aside money we can afford to lose, so we don't get carried away by emotions when something unexpected happens.

Furthermore, a person intelligence is generally divided into two: Emotional Intelligence (EQ), and Intellectual Intelligence (IQ). If someone has good emotional intelligence, I am sure they can control it when gambling, and if someone manages both intelligences well, it should be the best combination for being a responsible gambler, right?

[lionheart78]

Hello Reader. I hope everything will be fine at your end.



But in reality it does not always work like that. Sometimes being smart actually makes the things more harder.

A lot of intelligent people try to understand gambling like a system. They track results and change strategies if the old one does not works and blame themselves that if they think a bit harder they can get better control over the outcome.

First, being smart and being intelligent are two different things, although we often see them as the same stuff and that is a mistake.  Smart is something about practicality and application, while intelligence is about the understanding of something.

Not beause your are intelligent means you are smart.  Being smart is about practical application and adaptation that can give us an advantage or a positive result. It is very different from knowing things and understanding them.

What do you think? Do smart peoples really have an edge in gambling or does overthinking sometimes make it worse?

Take Care Of Your Self And Good Luck.

Smart people have a real edge in gambling because smart people can adjust and adapt to the situation and keep themselves safe from losing too much.  And yes, overthinking often makes it worse, but it does not mean that being smart can worsen a person's gambling decisions rather, being smart as I stated, knows when to walk away or stop.

[Wakate]

What do you think? Do smart peoples really have an edge in gambling or does overthinking sometimes make it worse?

Based on what I have observed, on calculations games or high intelligence gambling they usually have more edge over everyday luck seeker but however it’s true that they get trapped, most of the people I have read about that won the lottery where mathematics teachers and mathematicians or calculation related dealers, so it’s usually for them over thinkers and over analyzes to be consumed with their own knowledge but however it’s way deeper and wider than that. So intellectually capabilities sometimes end in disadvantage but it’s far more beneficial than the negative outcome of over thinking.

The fact is remains that, casinos have an edge over gamblers and there is nothing that can be done about that.
Being smart can be of an advantage for someone that is gambling on live game with other gamblers not computer. Computers games are built to be quite smarter since we don't have the control over the outcome of the game,  only hoping on luck.

[taufik123]

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For all I know, you don't stay successful in gambling by your smartness but how you responsibly take control of every actions you make. Success I mean may not only be about profitability but how safe you are too mentally.

How mentally safe it really is needs to be considered, because a final decision will depend on a person's psychology so that they can make the right choice.
It is not easy to control psychology so that it becomes mentally stable, it takes practice and some games that have already been done.

Smart people should already know what they're going to do, do everything responsibly and understand what the risks are.
Gambling success can be achieved if you follow a pattern correctly and know how a bet works.

[Bitcoin.com97]

This is the reason why gambling is not for everyone. OP makes sense, especially the part about intelligent people treating gambling like a problem that can be solved instead of a risk, because we all know gambling involves luck, so even if you are smart, you still sometimes rely on luck.
For me, the real danger begins when confidence slowly makes you feel like you're more in control than you actually are.

Exactly, one can’t treat gambling like a normal problem that can easily be solved , there is so much risk in gambling and I keep saying it luck plays a very big role , trusting only in your understanding may fail , it’s better to try your best and hope luck plays the major role, been intelligent won’t make one get everything right especially when it comes to gambling activities , over confidence doesn’t even help either  , but discipline and believing luck is what can really  help  and not how intelligent one is.

[Odusko]

Well, for some smart people what you said is actually true, that is how they handle gambling, they don't easily accept losses and so they try to improve in their strategy to have a huge win which is supposed to be a breakthrough from the losses, however there are also some smart person who will easily come to the realization that they can not beat the house no matter the strategy they are using and so they won't continue playing in a compulsive manner. Individual difference will always cause these set of people to behave differently in situations like this.

Agreed because with the loses comes regret of wat you should and shouldn't have done right, and the tendency to push further to regain Lost fund's, sometimes smart people get lucky to regain their losses and making some profits out of it in the end, but on other day's when the luck is not there, they equally loses more trying to put their smartness to work, their problem is the inability to put a stop to their chasing the loses and trying out new strategy learned from they previous mistakes.

[Joeboy]

OP you really seem to have a point, a very nice observation.... Truth be told, the smart folks too fall into traps as far as gambling is concerned... Since they consider themselves as smart, they mostly always like to dig dip to try to unravel what went wrong anytime they encounter any losses, and this very act of theirs thus neglects the fact that gambling is a game of luck which could very well mean that loses is almost a certain...The smart folks also tend to have that ego more than the less-smart gambler's, mostly in term of how they respond to their win... Coz anytime the smart folks win, they mostly think that it is by their ability alone that the win came...

[Asiska02]

You make a lot of point OP, but as long as you are smart and you don’t get to recover from losses and stay profitable in the long run, then you’re not smart enough as you think you are. Smart people are not that special to the game. They’re also looking for how to track the market process, so that luck could find them again, but often times they forget that their smartness will not bring the luck to them. Anyone can be stuck in gambling irrespective of the approach you’re using into the market. Just make sure you are doing the right thing to stay at an advantage when the luck comes around.

[Fortify]

Hello Reader. I hope everything will be fine at your end.

Last night when i go to bed something came into my mind that ruined my sleep  and i have been thinking on it for a while.

It was that we usually assume that smart or analytical peoples handle gambling better. Because they understand odds they know the risks and they even calculate things more deeply as compared to others.

But in reality it does not always work like that. Sometimes being smart actually makes the things more harder.

A lot of intelligent people try to understand gambling like a system. They track results and change strategies if the old one does not works and blame themselves that if they think a bit harder they can get better control over the outcome.

And after a few wins confidence grows. And slowly that confidence turns into a feeling like I am not just gambling I am managing it.

The problem is gambling is still based on uncertainty.

Like you, I've seen many otherwise smart people gamble - in fact these varying size of "whales" are often the most highly prized players for casinos and there is quite a few out there. There can be all manner of reasons that people start to gamble and stay hooked into it. Lots of these people can earn a lot, but also be inside highly stressful environments and this provides some sort of buzz or feeling that they enjoy. They might have fallen into the more basic trap of associating gambling with the one or two fun times they did it with friends at the start, but they end up getting too deep playing solo. Maybe they've got so much money and still a fragment of self control that they indulge from time to time. Unless you're really close to these people you'll simply never know their particular situation.

[serjent05]

What do you think? Do smart peoples really have an edge in gambling or does overthinking sometimes make it worse?

Fundamentally, gambling is all about luck. I know that in some gambling games, intelligence can be used to increase your winning percentage, but it is still not a 100% win rate. Therefore, we must remain aware that gambling doesn't guarantee a win, and our guesses may not align with expectations. Therefore, we should be wise in managing our finances when gambling, especially by setting aside money we can afford to lose, so we don't get carried away by emotions when something unexpected happens.

Intelligence impact on gambling games is very limited.  It may increase our chance of winning on skill-based games, but it is totally useless to luck or chance-based gambling games.

Furthermore, a person intelligence is generally divided into two: Emotional Intelligence (EQ), and Intellectual Intelligence (IQ). If someone has good emotional intelligence, I am sure they can control it when gambling, and if someone manages both intelligences well, it should be the best combination for being a responsible gambler, right?

I agree, EQ can greatly help a gambler.  Although EQ can't beat the gambling platform, it can help us not to beat ourselves.  If EQ is coupled with being smart, we can fully dive into gambling althrough our life and won't get into financial ruin.

[barbara44]

It is very important to be smart in gambling because if you are not smart, you will not know how to use gambling. Moreover, smart people always think creatively about how to win in gambling and know how to use money in gambling and how much money to use. When a person gambles responsibly and is disciplined, that person will not gamble recklessly and will think about keeping himself responsible on the gambling platform.

Most smart people will not be gamblers in the first place because they know gambling only leads to losses, and you can't win unless you find some bug and exploit it, which is what some smart coders actually do. Maybe some smart people do gamble but that must be purely for entertainment and as a means of killing work fatigue. Most of the time, people who are stuck in problem gambling are those who have a financial crisis and who are not smart enough to realize that gambling is only going to make it worse over time.

If you have lost money to gambling, consider it a sunk cost and move on. That is how smart gamblers operate. Doing the same thing (gambling) and expecting different results (winning) is insanity.

[Dunamisx]

Gambling is not meant only for the smart ones, even if you think you are this smart in playing you have to be more careful not to go into unwanted situation as a result, we must follow some guidelines in playing and distance to be a limit to how far we could go when playing, we should not also think that we know it all in gambling, because we don't know what may come after.

[LUCKMCFLY]

In gambling, we can't apply logic, statistics, or mathematics. There's always a random factor that changes all possible logic and makes it unique, apart from the house edge, which is an additional factor that helps a person win. So, in view of this, we can say that when we go to the casino, we depend only on the luck factor. That's what works, and it's something that has always worked that way; it won't change. That's what it's all about. You shouldn't think too much because it tends to cause anxiety, which can keep you awake at night or prevent you from having peace of mind.

[Davidvictorson]

What do you think? Do smart peoples really have an edge in gambling or does overthinking sometimes make it worse?

Take Care Of Your Self And Good Luck.

From my experience in gambling I don’t think that the online casinos are designed to differentiate between those who are smart and not smart. Secondly, in gambling I would say that a responsible gambler is a smart gambler. A respond gambler knows when to quit, when to walk away, knows not to gamble with more than they can afford to lose, knows that gambling is for fun and entertainment purposes and not a gig and  therefore they are able to exercise control. Anyone struggling with controlling their gambling is not entirely a smart gambler and I am not saying they are dumb either. They just need to work on themselves.

[Churchillvv]

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The fact is remains that, casinos have an edge over gamblers and there is nothing that can be done about that.
Being smart can be of an advantage for someone that is gambling on live game with other gamblers not computer. Computers games are built to be quite smarter since we don't have the control over the outcome of the game,  only hoping on luck.

Of course your right, when it comes to human to human competition or comparison there is a hundred percent advantage for gamblers who are very intelligent to win and when it’s game oriented gambling, just like I said earlier, but to counter your notion that they can’t be smarter than computer, creation are not always bigger than who created it, so people still outsmart machines in rare occasions.

[EluguHcman]

Well, for some smart people what you said is actually true, that is how they handle gambling, they don't easily accept losses and so they try to improve in their strategy to have a huge win which is supposed to be a breakthrough from the losses, however there are also some smart person who will easily come to the realization that they can not beat the house no matter the strategy they are using and so they won't continue playing in a compulsive manner. Individual difference will always cause these set of people to behave differently in situations like this.

Agreed because with the loses comes regret of wat you should and shouldn't have done right, and the tendency to push further to regain Lost fund's, sometimes smart people get lucky to regain their losses and making some profits out of it in the end, but on other day's when the luck is not there, they equally loses more trying to put their smartness to work, their problem is the inability to put a stop to their chasing the loses and trying out new strategy learned from they previous mistakes.

Anyone claiming to be smart should not even have to take that energy or knowledge to gambling because you will feel it different there. Maybe you will realize how unreasonable you are to believe your smartness can fetch you huge success after you must have taking good analysis of your bet outcomes because you will always loose on the long term.

Smart people in gambling are basically most concerned of how to control their emotions by know when to stop playing and also  sticking on gambling according to their plans which should be a responsible strategy and never creat regrettable experiences for themselves over being carried away.

[Proty]

 In gambling I don't think if there is anything like smart people because even those that are considered to be smart still losses in gambling. Gambling is not a place to test or to rely totally on ones intelligent.Gambling is a game of luck and Luck has nothing to with how smart a gambler is .To me a smart gambler is not the person that feels that they can win at all times through there on intelligence but it is those that understand that gambling is luck based and only gambles with what they can afford to lose. These are people that should be considered as smart gambler.

[Sonia_123]

Smart people only thinks they are smart to gambling not smart at all, gamble is more smarter than them because they will end up losing to gambling always and before you know it chasing losses and wins with different strategies and then addiction sets in which the ends up in a Rehab, how smart they can be.

You don't prove smartness with gambling instead gamble for fun that is smartest thing a gambler can do.

[AYOBA]

So when losses happens smart peoples often do not accept it as just randomness. Instead they try to fix it or recover it using another plan. That is where chasing starts without even realizing it.

Another thing is ego. For someone who is used to being right in life accepting repeated losses feels uncomfortable.

Those smart people think they can get what they want in gambling by using their smarter strategies, once thing about the gambling is that when you losing and still don’t want to accept the loss when your trying to chase the losing that the right time your going to lose more. As the losing doesn’t works with smartness to recover everything they’ve loses from gambling never.

This is why a moment person started losing from the gambling the best thing to do is just quit and step down to avoid more losses, because for their mid if they chase the loses they can get feedback where the gambling doesn’t works in that way the high you win the high you lose.

[freedomgo]

Smart and intelligent gamblers can gain an edge but only on specific games where skills define the outcome. But in a game of pure chance and luck, in most casino games, there is no amount of intelligence that can beat the house and can alter the mathematical advantage of gambling casinos.

And sometimes they get stuck in gambling because of their analytical minds. They don't just gamble alone for the sake of winning, but they often gamble to solve the complex problems and find patterns, and overcome the odds in which because of their confidence, they really think they will be able to do it.