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Secrets of successful gamblers

How to Win Well and Learn to Lose

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Photo Credit: cunaplus

We all know the kind of gambler who boasts about his big wins but doesn’t mention countless losses. On the surface, they may seem successful, but they’re not. Don’t be one of these people. Gambling should be fun, whether that’s a night playing poker with friends or enjoying some highly-entertaining games. It’s time to rediscover the fun at and how to win well…

The idea of winning big while everyone in the casino cheers for you is lost in reality. Firstly, the majority of gamblers play alone and online now, usually from the convenience of their phone. Secondly, successful gamblers may win but don’t usually win ‘big’. Smaller and ideally consistent wins are the realistic stepping stones to being considered a successful gambler. That isn’t to say that if people who win don’t also lose, but it’s important to minimize your losses.

Following some expert tips, let’s review the top secrets of success for gambling

Know Your Knacks!

Successful gamblers will realize what they’re good at. Perhaps you tend to lose at Poker but have a knack for Baccarat. Perhaps you fall short when predicting season results well but you’re good on a who-will-win game-by-game basis… stick to what you’re good at!

Stop While You’re Ahead

The chances of losing are greater than winning in gambling. Fact. We don’t care how anyone cares to argue or rationalize that… Admittedly some gamblers are ahead overall and that’s great for them! We hope that’s the case for you. Yet even the most successful gamblers know when they’ve maximized their profits. You may be on a roll but start to lose again, then stop. The last thing you want to do is lose your winnings that may not come around that often…

Don’t Bet What You Can’t Afford to Lose

It can be frustrating when you haven’t won a bet in a while, but chasing your losses is the rookie 101 mistake of gambling. If you can rationalize a £5 stake on the sports main event of the day, then go for it… you’re not going to miss $5 even if you lose, right? But if you’re betting $50 because you’re down by as much then that’s when it’s time to rethink. You win some you lose some and it’s important to remember that. As soon as that turns into winning some but losing lots then it’s game over. If you’re in this position, cut your losses and move on. If you may feel frustrated at the time, but you’ll quickly be thankful for doing so…

Don’t Just Focus on Your Wins…

It’s great to say you’ve won £200, but if you’ve lost £500 up until that point, then what have you won?… The excitement of gambling is a trigger in every human being, so we’ll overlook the severity and amount of losses even to ourselves! If you generally place large stakes but realize you lose a lot more than you win, then place smaller stakes while you finesse your formula and find a gambling pattern or niche that you excel with.

And the most important secret…

…Have Fun!

Placing a few bets on your favorite sports should only enhance the fun. Getting dressed up to enjoy a night at the casino should be a joyful experience, not a stressful one. The second you’re not having fun and your gambling becomes frustrating, costly or just a numb habit — STOP! Feeling frustrated and chasing losses will lead to poor decisions. Even the big-timers will drink-up their $30 Mojito and leave the casino…


We’ve shared with you some of the secrets of success for gambling. From realizing what your strengths and weaknesses are, to realize when you’ve won as much as you can. It’s also important to not put yourself in a position of losing more than you can afford to and to not disregard your losses just because you’ve had a win. Gambling should be a fun experience, so if it’s becoming stressful or too costly then you should reflect on how you’re going about things.

Augusta Health Augusta Free Press Kris McMackin CPA
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Augusta Free Press