3 Ways Winning Gamblers Think That Losing Ones Don’t

Winning Gamblers Think

I’ve spent years trying to figure out how to think about gambling in ways that help me win.

Eventually, I started talking to winning gamblers and studying how they think. Eventually, I started thinking about gambling the same way winners thought, and my results quickly improved. You’re going to learn the three most important things that I’ve learned about how winning gamblers think in this post.

And once you know how winning gamblers think, you can start getting the same results that they get. So keep reading to learn how you can get started today.

1. They Think in Terms of Returns

  • How do you think about gambling?
  • Do you think about having fun playing your favorite games, or do you dream about getting lucky and winning a huge jackpot?
  • Do you buy a lottery ticket and hope to win millions so you can retire?

All of these things are fine, and most gamblers think about gambling in one or more of these ways. But you have to realize that most gamblers are losing money gambling. Not only do they lose too much money, but they lose money almost every time they gamble. Most gamblers win when they gamble sometimes.

But the wins are few and far between, and when you add up all the money you risk and all of the money you lose, you always end up on the negative side.

The first difference between the way that winning gamblers think about gambling and how everyone else thinks about gambling is returns.

Winning gamblers think about gambling in terms of returns.

You can look at returns in a couple different ways, but the most useful way to look at returns is by using return percentage. Return percentage is the percentage of the money you risk gambling that you get back.

For example:
If a bet has a return percentage of 98%, it means that you get back 98% of the money you bet or risk. Of course, you don’t get back 98% on every bet, but when you combine all of your bets, the amount you get back is 98%.

So if you make 489 bets at $10 each, you bet a total of $4,890. When you multiply $4890 times 98%, you get back $4,792.20.

So you lose $97.80 total on the bets.

Winning gamblers know that they have a better chance to win when they play games with a higher return percentage. So not only do they have a better chance to win overall, but they also have a better chance to win every time they gamble.

Winning gamblers never accept a situation where they don’t have a return percentage over 99%. And they also understand that they have to find a way to make the return at least 100%, or they’re going to continue losing money.

When you gamble with a high return that’s not at 100% or higher, you’re not going to lose much money, but you’re still going to lose money. When you get the return to 100%, you’re breaking even. And when you can get the return of over 100%, you’re making a profit.

2. They Think about Advantages

But how do you get the return to 100%, or get the return over 100%? First, you have to start thinking about advantages. The casino or gambling business usually has all of the advantages. And if you keep doing things the way the casino wants you to do them, you’re going to continue giving the casino the advantage.

But there are ways you can get an advantage when you gamble.

Getting an advantage is never easy, and the casinos and gambling businesses fight you the entire time you’re trying to find an advantage. But finding an advantage is the only way to win. Here are the best ways to find an advantage when you’re gambling.

Blackjack Advantage:
You can get an advantage playing blackjack by counting cards. The casinos don’t want you to count cards, but you can legally do it in most areas. But the casinos will also kick you out if they catch you counting.

When you count cards, you can get a return of over 100%. And even if you just use a simple counting system like the ace five, you can get a return of 100%.

Poker Advantage:
Smart poker players can get an advantage by learning strategy and playing better than their opponents. Poker rooms make money in a different way than casinos, so you’re not fighting a house edge. You’re just trying to figure out a way to win enough money to win more than you have to pay in rake.

The good thing about playing poker is that the poker room doesn’t care if you win or lose. But the bad side is that it’s hard to learn how to use strategy well enough to win consistently.

Sports Gambling Advantage
Online sportsbooks make money by charging a fee on losing bets, so there is a type of house edge when you place bets. But you also can learn how to evaluate games and find the right lines so you can win enough to make a profit.

Most sports gamblers lose money because they never figure out how to evaluate games correctly or find profitable betting lines.

Bonus Advantage:
It’s difficult to make money using online gambling bonuses, but a few players can do it. You have to become an expert on online gambling bonuses and spend a lot of time finding profitable bonuses. Most bonuses aren’t profitable.

If you want to make a profit using online gambling bonuses, you have to become a master blackjack or video poker player to play with the highest returns, and you have to find cashable bonuses you can use when you play these games.

Please Note:
The casinos are smart and don’t offer many good bonuses for these games. But it might be worth your time to investigate some bonus offers if you’re a good blackjack or video poker player.

I mentioned that you could make a profit counting cards playing blackjack, but it doesn’t work in online blackjack games. You can only count for a profit in live blackjack games

3. They Refuse to Gamble in Poor Situations

Most gamblers plan a trip to the casino and gamble when they get there. They have games or machines that they like, but they find something else to play even if their favorite game or machine isn’t available. Think about what you learned about how winning gamblers think in the first two sections of this post.

Winning gamblers know exactly what they’re doing, and they do things a specific way.
  • What do you think they do if they travel to a casino and don’t find a profitable opportunity?
  • Do you think they just find something else to play?
  • Or do you think they leave and look for a better opportunity somewhere else?
The answer is that a winning gambler refuses to gamble in a poor situation.

You have to create the same mindset when thinking about gambling. Design a plan that lets you gamble with the highest return and figure out how to find advantages. And once you learn what you need to learn, refuse to gamble in any situation that doesn’t meet your needs.

If you count cards and go to the casino to find that all of the games have been changed to 6 to 5 payouts, leave and go to another casino. If you play poker and can’t find a profitable table, don’t play until you do find a profitable table.

If you bet on sports and can’t find a game that offers value on today’s schedule, start working on handicapping the games on tomorrow’s schedule. Never give in and gamble in the wrong situation.

Instead, work on creating and finding the right situation more often.

Eventually, you’re going to learn how to find or create the right situation, so you never have to worry about playing in the wrong situation.

Conclusion

Winning gamblers think about gambling in terms of returns. They also think about how they can gamble with an advantage. And winning gamblers refuse to gamble when they can’t find the right situation.

Compare these three things to how most people gamble. Instead of looking for an advantage, losing gamblers hope they get lucky. And if they can’t find the right situation, they simply play whatever games are available. If you want to have the best chance to win when you gamble, it’s time to change the way you think about gambling.

The good news is that you can start changing the way you think starting right now. You just learned how winners think, so start thinking the same way they think.

PLACE YOUR BETS NOW!

Rex Hoffman / Author

Rex Hoffman is a passionate sports writer, with over five years of experience covering sports journalism in line with the Vegas betting landscape. His favorite subjects include football, basketball, and baseball. As a Las Vegas resident, he enjoys finding an edge against the local sportsbooks and aims to share his extensive knowledge with both beginners and experienced bettors. Rex also dabbles in horse racing wagering and enjoys typical casino fare like blackjack and poker in his spare time.

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