In alrelax post above:
"...No matter what he wins or loses, he cannot paint a picture with a decent relevant game plan that can bring him back around. If we went tomorrow and he won $100K + he would give it all back..."
Much of what successful gamblers do to win more than they lose is very similar to the same personal attributes that makes one successful occupationally (Owning a business, investing,.etc). It does not matter as the same discipline, patience, observation, and willingness to exploit are all correlated.
Often it is how one handles the "bad" days that suggest how one handles the really great days. If a small business owner understands that certain months or quarters are slow, they may decide to cancel that expensive vacation or new car purchase, simply so they can pay employees and bills,...etc.
On really good days when a certain product lets say is really selling and maximizes profits what does a business owner do?? They buy more of that product and sellsellsell until the sales slow down.
Gambling success is much the same. If we want to be available(have the funds) on the great exploitive days, we must endure the really bad days. In other words do not go on tilt on the really bad days.
*A couple days ago across multiple shoes and at one stage was down (-2400 Net), never positive, and recovered to (-500 or so) Net for the day. My hit rate wasn't really that bad and I never busted an individual buyin. However, I simply couldn't get that one extra win-in-a-row. Several bets if I had won that next wager then the above would have been reversed and I would have been Net+ maybe 1200---3600 or so. No big deal as the next morning I started my day the same way(just like a day trader, small business owner, doctor, mechanic,...etc).
Its my opinion our winning more than we lose (Net Longterm) has more to do with ones mindset, discipline, and patience. Versus some wizzardly bet placement or mechanical betting style.
Personally, I am prouder of myself on bad days when I do not buyin again in that same very awful, really bad shoe, then on shoes or days that are really easy. Everybody handles the really easy days well.
As in life everything is cyclical. Don't dwell on the bad days. However, and more importantly, be willing to accept and exploit the really good days. We shall see both.
Continued Success,
"...No matter what he wins or loses, he cannot paint a picture with a decent relevant game plan that can bring him back around. If we went tomorrow and he won $100K + he would give it all back..."
Much of what successful gamblers do to win more than they lose is very similar to the same personal attributes that makes one successful occupationally (Owning a business, investing,.etc). It does not matter as the same discipline, patience, observation, and willingness to exploit are all correlated.
Often it is how one handles the "bad" days that suggest how one handles the really great days. If a small business owner understands that certain months or quarters are slow, they may decide to cancel that expensive vacation or new car purchase, simply so they can pay employees and bills,...etc.
On really good days when a certain product lets say is really selling and maximizes profits what does a business owner do?? They buy more of that product and sellsellsell until the sales slow down.
Gambling success is much the same. If we want to be available(have the funds) on the great exploitive days, we must endure the really bad days. In other words do not go on tilt on the really bad days.
*A couple days ago across multiple shoes and at one stage was down (-2400 Net), never positive, and recovered to (-500 or so) Net for the day. My hit rate wasn't really that bad and I never busted an individual buyin. However, I simply couldn't get that one extra win-in-a-row. Several bets if I had won that next wager then the above would have been reversed and I would have been Net+ maybe 1200---3600 or so. No big deal as the next morning I started my day the same way(just like a day trader, small business owner, doctor, mechanic,...etc).
Its my opinion our winning more than we lose (Net Longterm) has more to do with ones mindset, discipline, and patience. Versus some wizzardly bet placement or mechanical betting style.
Personally, I am prouder of myself on bad days when I do not buyin again in that same very awful, really bad shoe, then on shoes or days that are really easy. Everybody handles the really easy days well.
As in life everything is cyclical. Don't dwell on the bad days. However, and more importantly, be willing to accept and exploit the really good days. We shall see both.
Continued Success,
.