…to know as much about your sport as possible By no means is this to imply that you shouldn’t learn new sports and place new bets to expand your gambling experience. What it does mean is that prior to placing bets on new sports you should learn about and if possible talk to others about it, so you’re not placing a bet on something of which you know nothing. Essentially, the being a good gambler is about eliminating the element of luck with knowledge and data and that’s very difficult to do if you don’t even know the rules of the sport, so do remember to be familiar with whatever sport it is that you’re going to bet on.
…to set and stick to a strict budget. It doesn’t matter how big or how small, but if you teach yourself self-discipline you won’t end up in a situation in which you’re selling all your possessions in order to cover your losses. Very often the unlucky gambler loses all by making bets with unfavourable odds in order to recover losses from earlier, unsuccessful bets. Although the prospect of earning back all one’s losses in one massive bet is a seductive one, the chances are it’s very unlikely to work. While the idea of earning back everything you’ve lost is a lovely idea, it’s not a very good one. You may want to consider a designated gambling budget. You might set a weekly or monthly amount you’re allowed to spend on gambling and whenever you’ve exhausted it wait until the next unit of time before investing anything more into gambling.
.…to take the time to learn about the gambling industry. Obviously, bookies and casinos are trying to turn a profit, because what other reason would they have to be there? Armed with more inclusive a clue as to what’s going on behind closed doors you’ll have a novel approach to gambling and may reconsider some bets you always or never used to make.
…to track your wins and losses. It’s important that you know if you’re doing poorly or doing well if you ever want to improve your betting skills. The truth of the matter is that you don’t take a professional approach to betting you are going to end up losing more than you make in the long term. It’s vital you understand what you did right and what you did wrong and you’ll only be able to do that effectively if you have records.
…to take breaks from gambling. If you work in an office you probably work for five days and then have a weekend. And you probably take holiday every summer. If you’re serious about gambling, you need to treat it like a job and like any job, you will need time to recharge your proverbial batteries.