Succesful Gamblers
This story appears in ESPN The Magazine's March 4 Analytics issue. Subscribe today! Bob Voulgaris had become one of the most successful sports gamblers in the world when, in 2004, he started to lose. Billy Walters is probably the most successful sports bettor in Las Vegas, but he isn’t successful at everything. Sure, he’s won at sports betting consistently for 3 decades. But he’s been less successful as an investor. He was arrested and convicted of insider trading. The scientist Jerome Cardan who lived from 1501-1576 was an Italian Renaissance mathematician, physician, and gambler. He is best known for his achievements in algebra. He was an accomplished gambler and chess player too. He even wrote a book about games of chance in his book, Liber de ludo aleae (Book on Games of Chance).
Whether you are a newbie gambler or have been gambling for a long time, you must always look for the best ways to gamble without losing too much money. Undoubtedly, gambling could be an entertainment source that allows you to earn some extra cash.
You might find yourself navigating to offline places and casino websites as well while you are on your journey to becoming the best gambler that you can be.
Among all the mentioned gamblers, Phil the poker legend is the most successful. This man has won up to 15 WSOP bracelets. He was nicknamed the ‘poker brat’. He wrote ‘Play Poker like the Pros’ which is among the first and the most comprehensive poker books out there. Archie Karas is considered by many as one of the best gamblers in history. He is famous for the longest and largest documented casino gambling winning streak in history, known as The Run. Karas arrived in Las Vegas in December 1992 with just $50. By the beginning of 1995, he won more than $40 million.
The truth is that just like any other skill, it is something you can learn with experience and practice. Many successful gamblers have created and carved big names for themselves in the industry. Remember that you can become a quality gambler if you know what to and choose your strengths over your weaknesses.
Successful Professional Gamblers
If you want to be a good gambler, then you can find a few important points below to help you become a good gambler. Here is what you need to learn about being a good gambler in this day and age.
Know Why You Are In The Game
Let us start with the first step. It is all about making goals and sticking to them by creating a process that will create those right results.
Regardless of what you are doing, keeping track of the level of success in that particular segment of your life is crucial. Many gamblers keep a particular target of how many bets they want to win or how much they expect to win.
They set these goals before playing a particular set of games.
So, if you want to be a good gambler, you should also start with this strategy. Make sure to keep realistic goals so you do not get disappointed when they are not met. Once you achieve your targeted goals, stop playing more.
Remember, in gambling; greed never works as the tables can turn quite quickly.
Patience is A Real Virtue
Another key to being a good gambler is patience.
Successful Sports Gamblers
In any case, never lose your cool and chase losses.
If you are losing your bets continuously, take a step back and stop playing for a day or two.
Avoid making random bets at any cost.
Always remember, gambling is exciting as it offers fun and money. At the same time, you can find yourself in a different state of mind depending on the overall situation.
You can lose track over time, especially when you are winning and enjoying a lot. A successful gambler never loses his self-control and always uses his mind in the game. No matter if you are winning or losing, keep a keen eye on your bankroll and your time.
Money Management
Besides keeping control of time and your overall betting activity, you should also manage your bankroll. Here, the best idea is to set a betting budget at the start of the game and during it.
Always keep an overall control on the amount you win on gambling.
This could be done by keeping only limited cash and no debit or credit cards with you.
Many online casinos have wagering and deposit limits, just to ensure that the players do not play over their budget. So, it is wise to start following and making the rules when it comes to your betting habit. Only then will you become a successful and profitable gambler.
Successful Professional Gamblers
These are a few of crucial points you should keep in mind when you are gambling online! Remember to have fun!