Accept Wins and Defeats
Ask any professional gamblers how do they survive at the tables, and they will tell you that no matter how good you are, it’s inevitable that you will have a bad string of results or even a bad year. Every old-timer will tell you that it’s virtually impossible to avoid dips in your bank balance. If you do not have the mental strength to take a negative hit – then maybe you shouldn’t gamble until that changes. Similarly, when your bank balance sees a spike because of a juicy win – don’t let yourself carried away and splurge it on a Ferrari. In the gambling business, things can go from good to pretty bad very quickly, and it’s crucial to preserve your capital.
Treat Your Bankroll with Respect
Speaking of capital, you can’t bet $5,000 on a hand of Blackjack if your entire bankroll is of $50,000. Most people suffer losses and ruin their gambling experience because they play with all the money they have, even the sacred cash they need for groceries and rent. You don’t need to be a rocket scientist to see how this can easily turn into a disaster. As Don Johnson says, “Casinos beat most people in the long run because the average person doesn’t have the bankroll. But I have my bankroll. If you can take the swings, you’re going to win.” At the end of the day, gambling is entertainment and to keep it like that it’s crucial that you gradually build a bankroll that you wouldn’t mind risking. So – leave your credit card at home.
Many professional gamblers start by saving up 10% of their paycheck and put it into a separate account. Over time this account can build up to a substantial number, giving the gambler a risk-free bankroll. The same goes for any winnings they earn. A naive gambler is likely to head out and spend everything on luxuries and other things they will forget about in a few weeks. A professional gambler with a long-term plan will add the extra winnings to his bankroll and continue to grind.
Practice Discipline
It’s very tempting to get a drink or two when you are at the Casino, but it should be no secret that this is nothing but an easy recipe for disaster. The only real winners in gambling – those who are recognised to be true professional gamblers – are those who can keep a sharp mind alongside a healthy bankroll. If you find that drinking half a bottle of Jack is the best way to keep you focused on the games – you are going to end up with a thin wallet (and a bad liver). Whenever you place a bet, you should make sure your actions are the result of logical thinking. To spend money just because you “feel” obliged to do something or because you want to play against your opponent are not the result of logical thinking. These are wrong decisions. Here’s one of the golden rules of gambling: make a bet only when you have to.
To let your ego do the thinking for you is an absolute no-no.
Keep Track of Your Games and Results
Follow all the pieces of advice in this article and I am sure a whole bunch of extra cash will find its way into your pockets. However, we still have one more gambling secret to go through. As a professional gambler myself, I promise you that nothing beats a nice, well-organised, history of your gambles. If you do not maintain precise records of your earnings and losses, then you will struggle to maintain a healthy bankroll. And you will have issues with your paperwork when it comes time to file your next tax documents. Gambling games are just like any other games that you would play to earn a bit of extra money. Treat them with care, make sure you are psychologically ready and use all these useful and hidden gambling secrets to become a professional gambler yourself!
