Do You Gamble With Your Head Or Your Heart?
While many of the best gamblers in the world have been accused of acting like robots, they seem to hit the spot with many making a good living from gambling. How do they manage it, and is there really any need to be so cold?
When you strip down the aspects of gambling, it is really just a game of chance, and the trick is to get the best odds for the best chance - sometimes easier said than done! The best gamblers in the business are like walking calculators, able to see at a glance whether some odds are out of line with the market, with many able to take advantage of the these situations using hedging facilities.
So are you a head or heart gambler?
Those who tend to gamble with their heart will very often see what they want to see, and maybe feel that the 100/1 outsider really has a chance, that the 10/1 odds on favourite isn’t the best hose in the race. In the back of their minds they may actually be thinking this is not right, but human emotions take over and they seem to become blinked - almost persuading themselves that this is a good gamble.
The colder “head” gambler will see each bet as a commodity, something which can be bought and sold and feel no emotion what so ever. These are the people who will look at the odds on horses many of us will discount, and see them as a means of getting a 20% return for little risk. The cold gambler is not out for the long shot 100/1 winner (although they would take it if it was offered!), they are after a gradual increase in their gambling pot, often placing large amounts on events they feel are likely to happen.
While there are many strategies for gambling, the heart and the head gambler are the two main types - and they play the game so differently!