Is it possible to be a successful gambler

But it can be done. It also should tell you that if you can find bets at to win it means you need to win fewer games to break even or show a profit. You only need to win In this situation you want to be able to take the bet and do it for as long as possible.

So even with a huge advantage like this you still need a large enough bankroll to survive. When you play games where the house has the edge your bankroll will always be going down. Even if you find situations where you have an edge you face swings that can wipe out a small bankroll quickly.

In order to do this you need to be able to analyze situations, and sometimes people, in order to get the full use out of your knowledge. In the section about mindset I laid out a sample plan to accomplish your goals. One of the steps involved choosing games or gambling activities to focus on. To do this you need to analyze games based on their house edge, your ability to alter the edge, and your abilities to play.

To find the best video poker game you need to analyze the payback percentages and how well you can learn the perfect strategy to keep the house edge as low as possible.

If you bet on sports you need to be able to analyze the teams or players involved in the contest and compare what you learn to the line or spread. Poker players need to learn how to analyze their competition and different situations they find in each game. The only way to improve your analytical abilities is by learning as much as you can and practice. Try to analyze each situation as fully as possible to find the best option.

The more you practice analyzing things the better you can determine the best course of action. Observation goes right along with your ability to analyze situations. Poker players need to always be watching their competitors to see when they might give away the strength of their hand or make mistakes.

In casino table games you should watch the dealer. Some dealers develop sloppy habits and flash some of the cards they deal. You might be able to see the next card to be dealt or one of the down cards.

Dealers also can make mistakes when paying out winning bets. Make sure they always pay you the correct amount. In blackjack when you hit a natural 21 is the most common place a dealer can make a payout mistake. Most gambling games have long stretches of wins and losses. This means you need to be patient to ride out the streaks, especially the losing ones. Most people who like to amble do it their entire life, so in many ways your gambling is just one lifelong game. Even long term winning players who can beat poker, or the sports book, or blackjack, experience ups and downs.

But if you have a winning system all you need to do is keep playing and the wins will come. But if you get inpatient and start changing the way you do things it can quickly turn a long term winning system into a losing one.

By knowing the math involved in each game like we discussed earlier it can help you understand the long term expectations. Use what you know to help you remain patient through the down swings and celebrate the winning streaks you experience. Improving your memory is always helpful when it comes to gambling. If you play blackjack or video poker you need to be able to learn and use the best strategy in order o keep the house edge as low as possible. Keep working on filing important things away every time you play.

Then I go over my notes again in a day or two to help commit them to memory. If you need to memorize a strategy card start by using the card every time you play.

Bookmakers who realize what you are doing may limit, restrict or even completely remove additional promotions being available to you, ending your run of betting with free bets. Long before soccer football was the most popular betting sport, professional gamblers were seen on racecourses all around the world watching horses.

Form study, knowing which stables are doing well and jockeys are riding out of their skin are some of the basics that horse bettors must know right from the start. An understanding of how handicapping works is also important. This is because most horse races run are handicaps. Statistics and trends play an obvious part in the betting strategies of many successful professional gamblers who bet on horses , but there are now technology-driven systems thanks to exchanges.

These determine the fixed odds markets offered by sportsbooks. Exchange betting has changed horse racing as you can see not only when horses are being backed, but also laid by other bettors to lose. This presents an alternative way to make money, by taking on favorites — who lose on average around two-thirds of the time. Talking of the exchanges, that point about horse racing applies to sports betting in general. As you can bet for or against sporting outcomes, that is often seen as being similar to a financial trader playing the stock markets.

What exchanges allow you to do is supplement any bets you have had through fixed odds sportsbooks. That means you can get all the bases the covered and makes for smart strategy.

You can follow closely what is happening on the exchanges before choosing what you feel is the right time to back or lay an outcome. A sports trader could make dozens of buys and sells each day, all the while seeking out a margin between back bets and lay bets. That brings us on to arbitrage betting , or arbing for short. By betting across multiple platforms and sportsbooks, it is possible that you will find differences in prices between different outcomes.

Hunting down those margins creates profit and that is what everyone — professional gamblers or otherwise — wants. As you are gambling across different websites and betting services, you need to keep very good records of your wagers. This prevents confusion. They have specific skills and tricks that average players lack.

Seemingly, is very important. The gambling smartness or intelligence is in-born. Gamblers without naturally endowed betting intelligence, can, however, improve it through practice. Apart from learning through gamble, one should analyse, and learn from former mistakes. One can learn from successful gamblers through observation too. An average player bets cautiously. On the other hand, successful gamblers bet vast sums of money. By betting a large amount of money, they have to go out of their way to employ the best strategies.

They have to work extra hard in research to minimise the chances of losing huge money. Successful gamblers approach the game as an investment. From the word-go, they take the gaming with the same seriousness as in business venture. Some known gamblers even borrow for gambling. To recover the money plus make profits, they must develop a functional model that will enable them to win the bets.

The success takes time and work. Gambling is about winning and losing. Average gamblers are motivated to play to win. When they lose a bet, they get discouraged. Some gamblers stopped betting because they lost several bets. But, successful gamblers have a motivated spirit always. The gamblers just learn from their mistakes that could have led to their loss, and proceed.

They feel the pain of loss, but they learn from it, instead of complaining. Known gamblers have lost and won bets in an equal measure. They carefully analyse the games well before betting.

They are aware they can lose or win the bet. The awareness enables them to stay calm and remain knowledgeable regardless of the outcome. Their gambling decisions are based on facts, and not mere emotions.

Successful gamblers are disciplined and hardworking. Many of them gamble almost daily all year round. When they are not betting, they spend long hours studying games of their interest.