Gambling is arguably the essence of life itself. We are all who we are only by chance. And the good thing about it is that luck can change for either the best or the worst. The same thing applies when we bet on a game. A careless choice will make us lose more than we can afford. Addiction and emotion can affect our judgment, which will leave us only with a slim chance to win.

But why should we care? Isn’t gambling about all the fun on betting, whether we lose or win? And yes, indeed. Betting is all about the fun. However, imagine what you can have if you win. You can pay the bills, buying goods that you have always wanted, or go to a life-changing event to witness a rare event such as when jay-z interrupts kanye in BET Awards. A good gambler plans his/her tactics before playing, and the sole intention is to win. Read this through if you agree.

Having the right mindset of winning

Gambling is fun because all players have 50:50 chance of either winning or losing. Losing on one bet is not a total defeat. What we should consider as a total loss is when a gambler loses everything to a game.

Gamblers are like entrepreneurs. Both spend money with hope to gain some more. The only difference is that gambling provides a fast result. You either make it or you don’t. Having that in mind, then we will begin to see how the ‘total defeat’ concept fits with the context. It is just a modal for a player to play the game. And spending all budget only on one game would be a foolish act.

Stall your betting

If you have a modal of 300 $ for a soccer match (let’s say a match between Real Madrid and Barcelona), you should not bet the whole money on one prediction. Split your bets into at least two stakes, such as on the draw and a win of either of the teams. You can bet on all stakes too if you want but the profit will not be as efficient as if you do the two stakes betting.

Be bold but rational

Let us assume the worst. For example, from the total ten bets on the World Cup match, you have only one or two more opportunities left. If you want at least ten percents return for your loss, the rationale step for you to take is to raise your bet by at least 50 percents on the available matches. This strategy might seem crazy. But losing all the time in ten rows is mathematically very unlikely.