The 7 Habits of Highly Effective Gamblers

The 7 Habits of Highly Effective Gamblers

October 20, 2015.

Let’s face it: if you’ve been gambling for very long at all, you’ve had your ups and downs. It’s all part of the game. But over the last 10 years, we’ve found that the best gamblers are the ones who have the most fun. So we’ve put our heads together with the help of our awesome casino forum to come up with our definitive guide to being the best player you can be: The 7 Habits of Highly Effective Gamblers.

1) Self-Control

Gambling is insanely fun. I mean, we love it. There’s nothing in this world that gives you a rush like chasing a jackpot – or even better, hitting it. But like they say, time flies when you’re having fun, and it’s easy to get carried away.

That’s why developing self-control is so important. In fact, self-control was the #1 suggestion offered by our forum. Being a good gambler means keeping a level head. That doesn’t mean you can’t have fun: hell, sometimes throwing caution to the wind for one big spin can be a good thrill. But focus on keeping it fun.

Always know how long you’ve been playing. Keep an eye on your bankroll. Remember: you’re buying fun, so decide how much you want to spend before you get started. Don’t let the slots or the tables trick you into feeding them more than you want to.

2) Positivity

We’ve found that the best gamblers treat playing at a casino like going out to a movie or seeing a concert. It’s entertainment. So make sure you’re being entertained! You wouldn’t force yourself to watch a bad movie, so why shouldn’t that logic apply to casinos, too? If it stops being fun or you start feeling frustrated at a game, taking a break is the smartest thing you can do.

Every once in a while, stop and ask yourself: “If I won big right now, would I think ‘Yay!!!’ or ‘About time…­’?”

3) Money Management Skills

A big part of self-control is managing your cash. You can’t ever overcome the house edge, but you can use a few tactics to limit how much you lose because of it. And when you stay within your own rules, having fun is a lot easier.

Unless you’re playing on a casino bonus, never forget that the money in front of you is always yours. If you let yourself think that you’re playing with the house’s money after a win, all your winning stories will turn into “shoulda, woulda, coulda” stories.

A lot of online casinos have several ways to help you keep track of your cash. Many offer deposit limits to prevent you from going over a budget. Some even have wagering and time limits to prevent you from spending too much in one session. But these limits can only do so much!

In the end it all comes down to making rules for yourself and sticking to them. Some players like using a percentage rule for deciding how much to bet. For instance, 0.5% to 1% of your bankroll on each spin of a slot, or no more than 10% of your bankroll on a hand of blackjack. Another strategy is to set a limit on how many bets you’ll make before you take a break. It’s all just about getting the most out of your cash.

4) Clear Goals

One of the most effective ways to keep gambling fun is to decide what you’re hoping for. Yes, everyone wants to hit the Mega Fortune jackpot, but keep it realistic. Do you want to double your money? Triple it? Quadruple it, or maybe even more? Just remember the higher your goal, the less likely you’ll be able to reach it.

This is the single best thing you can do to make yourself a frequent winner, but there is a catch: you have to stick to it. Once you hit your win goal, stop playing immediately. It’s easy to keep playing until suddenly you’re below your goal again, and things can only go downhill from there. The casino isn’t going to go anywhere, so enjoy your win and play again another day!

5) A Realistic Attitude

Not everyone can win the jackpot. Vegas wasn’t built by winners, as they say, and the same goes for online casinos. The best gamblers understand this. Gaming should be about getting as much excitement as you can from your money. Play what you enjoy and learn how to play that game as best as you can. Expect to lose, but use strategy and goal setting to give yourself a good chance of coming out on top.

If you find yourself playing with the goal of “ea­rni­ng” extra cash, stop now. We’d recommend looking at our forum for some tips about preventing a gambling problem as well. If your gambling starts negatively interfering with your life, seek help.

6) Patience

Chasing losses never ends well. Ever. If there’s one thing you should absolutely not do in a casino, it’s lose your cool.

Be patient. You can’t choose when the games will start paying out. If you lose your entire gambling budget way faster than you planned, you have to stop. Reconsider how you bet and think about playing more conservatively in the future. Or just chalk it up to a really unlucky day. It happens to all of us.

If you continue to “play,” it won’t be fun. There are only two things that can happen:

  • You lose way more than you planned for.
  • You win the money back and get in the habit of chasing losses instead of having fun.

So, for your own sake, don’t put yourself in that position. If you find yourself chasing losses, take a break from gambling.

7) Adaptability

No matter what your game of choice is, adaptability is key. It’s obvious if you’re a poker player: you have to keep an eye on the other players to really know your chances of winning. But being alert and making changes when needed is important even if you just play slots and table games.

For instance, games can change. Some casinos might adjust the rules or add new variations of existing games. Take the time to look these up and learn them. You might find that, with proper strategy, these new games are an even better choice!

Adaptability is also really important for making the most of promotions. Make sure you always read through the rules fully before you decide how to play. Think about what games and strategies will give you the best chance of winning, especially when it comes to races and contests. Planning out your play and making changes along the way can really help.

Knowledge Is Power

We’d like to thank our forum and all the other contributors who helped us develop the 7 Habits of Highly Effective Gamblers. Keep these tips in mind the next time you play and you’ll be well on your way to being the best gambler you can be.

Of course, there’s always more to learn. If you’d like to share your own tips for being a better gambler, we’re all ears! Just leave a comment below or join the forum discussion.