What defines a very profitable gambler?

[swift]

I think the method of risk management , gambing with precautions and many more this defines a professional gambler , for a gambler to be more professional , he or she must be ready to consider how he or she is investing to stay safe from making that loss that could have actually costed him real big too


What defines a very profitable gambler?

 

[CR7]

A very profitable gambler is someone who consistently demonstrates the ability to make money from their gambling activities over a sustained period of time. While luck does play a role in gambling, a profitable gambler relies more on skill, knowledge, and effective strategies. Here are some factors that define a very profitable gambler:

1. Risk Management: Profitable gamblers understand the importance of managing their risks effectively. They carefully calculate the potential risks and rewards before making any bets or wagers. They maintain discipline and never bet more than they can afford to lose, ensuring they do not go bankrupt in the event of a losing streak.

2. Strategy and Skill: Profitable gamblers are knowledgeable about the games they play and have developed effective strategies to improve their chances of winning. They constantly study and keep up with the latest trends, strategies, and techniques in their chosen games. They are adaptable and willing to change strategies as needed.

3. Bankroll Management: A profitable gambler understands the significance of bankroll management. They allocate a specific amount of money for gambling purposes and stick to it. They divide their bankroll into smaller units and never bet more than a certain percentage of their total bankroll on a single game or wager. This approach helps mitigate losses and ensures they can continue playing in the long run.

4. Emotional Control: Profitable gamblers have a strong control over their emotions. They don't let temporary setbacks or winning streaks affect their decision-making. They remain logical, objective, and detached from their emotions, which allows them to make rational choices based on calculated probabilities and statistical analysis.

5. Continuous Learning: Profitable gamblers are always seeking knowledge and improving their skills. They study the odds, learn from their mistakes, analyze their gameplay, and seek guidance from experienced gamblers. They understand that learning is a lifelong process and continually strive to enhance their understanding of the games they enjoy.

6. Discipline: Profitable gamblers are disciplined in their approach to gambling. They have a set of rules and guidelines that they strictly adhere to. They avoid impulsive decisions and never chase losses. Profitable gamblers know when to walk away from a losing situation and when to capitalize on a winning streak.

7. Responsible Gambling: A profitable gambler practices responsible gambling. They are aware of the potential risks and understand the importance of setting limits and taking breaks when needed. They prioritize their overall well-being and make sure that gambling remains just a form of entertainment rather than an obsession or a way to solve financial problems.

In summary, a very profitable gambler combines a range of qualities such as risk management, strategy, skill, bankroll management, emotional control, continuous learning, discipline, and responsible gambling practices. It's a combination of these factors that allows them to stay ahead of the game and consistently make profits over time.

 

[Dallax]

A very profitable gambler is someone who consistently wins money over time. This is a difficult task, as casinos have a built-in advantage called the house edge. However, there are some factors that can help gamblers become more profitable.

 

[mosesdera]

It takes more than just luck to be a consistently winning gambler long-term. From what I've seen, those who are very successful don't chase losses and have a clear plan for playing within their means.

 

[Btaliat]

A profitable gambler always wins more than he loses. They always win more than they always lose their money. Apart from that, it wins by luck even if he doesn't analyse the games that he is venturing into.

 

[Ejyndayo53]

A profitable gambler always wins more than he loses. They always win more than they always lose their money. Apart from that, it wins by luck even if he doesn't analyse the games that he is venturing into.

Yes, a profitable gambler wins more than he losses. This is as a result of mechanism out in place that has been working for him effectively.
Profitable gamblers are found to be gambling responsibly with effective risk management.

 

[Kennysplash]

If a gamblers losses are way less than winnings we can say that they are profitable gamblers. The goal is to win as much as possible while at the same time maintain as few losses as possible. This determines a profitable gambler.

 

[swift]

If a gamblers losses are way less than winnings we can say that they are profitable gamblers. The goal is to win as much as possible while at the same time maintain as few losses as possible. This determines a profitable gambler.

Yeah I think when the wins are really more than the loss it's a balanced thing and not when the losses are actually too much because that's where the problem is , earning well or better would now become very difficult

 

[Btaliat]

A profitable gambler will be making more than what he spends. This is not enough. He will also be saving much from its proceeding. There are different strategies that they have which includes taking break some times.

 

[swift]

A profitable gambler should understand the rightful way to gamble , although the profitable gambler already knows that everyday is not profit day and should always make recommendations for the losses that could be made