Sunday, 26 March 2017

He won £10,000 at the casino. Why stop betting?

betting, Uri Geller, Casino
It's interesting to watch others gamble. To appreciate their understanding, philosophy & methodology.

Perhaps most gamblers don't even consider this point. For many, gambling is just something you do: pastime, hobby, fun, buzz... It can be any number of things. Some psychologists may even say that really people gamble because they want to lose. 



''Although, I guess some people consciously think ''who gives a f***'' 

We've all seen people betting like that. Bizarre.

Each to their own. Only a fool limits others. I could watch some random bloke in the bookmakers, bet in hand, and think ''what does he know?'' 

But what does he know? 

The truth of the matter is unless you know really know someone they may be the best or worst gambler in the world. Although it is part of the human condition to make inferences, it doesn't pay to think you know others. 

It pays for each individual to question, reflect and learn from what they do in all aspects of life including gambling. With self-reflection, we have an opportunity to learn. I would rather learn from my mistakes, even more, others. Why? 

Because they are usually less costly for us, personally, and help keep us on the right path which may lead to success. 

I went to Grosvenor casino at Great Yarmouth on Friday night. I went with my two brothers. It is a social evening rather than going to take them to the cleaners. For anyone who knows anything about gambling at fixed odds, it would be a stupid exclamation. Do you think you can beat fixed odds? The casino rake will slowly, slowly, slowly...take its profit (your loss). 

The only way you can win betting at the casino or any fixed odds is to get lucky, stick your winnings in your pocket, and go home. If you go to the casino once a month with that approach you may even win money. If you get lucky. 

I don't bet much money at the casino. I bet on the roulette. A single number and corner. If the single/corner number comes up it pays 43-1. In that sense, if I get lucky, my little bit of luck pays 43 x £5 = £215. If that coincidence comes early in the evening it's a good day. I put the money in my pocket, or at least my stake, and conclude, with a smile: ''You won't be winning anything from me tonight.'' 

There was a bloke at the casino with his wife, playing roulette. She was standing by watching proceedings. He didn't look like he had two five pences to rub together. But as I have said, it doesn't pay to limit others. For all I know, he may have been the richest man in the room. The staff knew his name, so he was clearly a regular. 


''He was betting £300 a spin. He bet wide and far across the table with £5 chips. Plenty of stacks of chips on single numbers''



I like watching people bet. Why? Because I know about betting from a professional perspective. I never bet for fun on my speciality of two-year-old horse racing. I bet because like a professional stockbroker - it's business. Every gamble in life, unless it is illegal or insider trading of some kind, is the same. Don't be fooled into thinking one gamble is different to another. The only difference is the person and their understanding, knowledge, professionalism, insight...or lack of it. The best gambler, investor, call him what you may, wins. 

I bet at the casino for ''fun'' but even then I try to play with some logic. I don't even like saying I bet for ''fun'' even at the casino but it is one of the few exceptions to my rigid rules. Principles, guidelines, foundations to your gambling knowledge are the key to success. 


''I don't like losing'' 


I definitely don't bet to lose. I can take a small loss at the casino because I do class it slightly different being more sociable (still hate saying those words). Thankfully, I am winning. Truth.

But back to this bloke... 

He wasn't doing too well, then hit on a winning streak. Number nine was hot and he got lucky a good few times. After a couple of hours, he cashed his money to £100 chips and had probably four or five grand. 

Not bad. 

However, my question, thoughts, understanding, wasn't to do with the amount of money won.  

What went through my mind was: ''How do you view your gambling?'' 

He was clearly a regular at the casino. He mentioned the day before he won £10,000. Did he regard himself as a pro gambler? You know what I'm thinking, hey? Or you should do if you have any understanding of gambling. 

Fixed odds. It is the equivalent of betting at a table and the banker has horns sticking out of his head, a ruddy complexion, and the room feels rather warm. In fact, you just placed a bet against the devil himself. No f****** wonder he's smiling. 

Fix odds. How can you win long term? Infrequent bets. Perhaps. Cheating. You can win cheating. You need that in your armoury of skills (especially at the casino). 


''But the security is tighter than Uri Geller's underpants''

You won't get out the door with a bent spoon from the restaurant. 

Good luck to all gamblers. I love to see a winner. Only a loser wants to see someone lose! But if you bet too regular at the casino I would fear that one evening that devil will steal what once looked to be a burgeoning purse. 

When betting it pays to stop and consider whether your bet is based on skill. 

I mean you wouldn't want to play chess against a world champion unless you knew better or fancied you had the odds in your favour? Skill is an asset which you can use to win. Fixed odds like to wave their magic wand with the illusion that you can beat the book.It is the hardest, strongest, most confident, ruthless opponent you will ever meet.   

Long term you will lose.