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Why You Need To Murder Your Gambler’s Mentality

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  1. Ryan
    December 14, 2017 at 8:38 pm

    Thanks Will, timely article. Don’t even try to sports gamble boys, it’s fun at the time until you lose and bet high and lose and lose etc.

    Save your money, work for your money.

    The house knows what they’re doing.

    Looking forward to more content.

  2. December 16, 2017 at 11:20 am

    Thanks Ryan, definitely agree that it applies to sports betting too

  3. Alan
    December 18, 2017 at 12:23 am

    Another excellent article, and another that should be required reading.

  4. January 6, 2018 at 10:15 am

    Thanks Alan, appreciate it

  5. Seth
    June 1, 2018 at 9:49 pm

    This is really key stuff. It took me – and takes most people – many failures to sink it in, but it has to be learned. I struggled with spending incoming money first and trying to save what was left (if any) while growing up. I would gamble on poker or sports or risky stock futures and typically fail. Even when I had success, I would eventually keep reaching into the cookie jar by doing it more often or betting higher stakes until I ended up in some rough spots.

    The thing is, this is the pattern of ALL gamblers. I was not just unlucky or unskilled. There are no “pros,” and if there are, they are exceedingly rare and won’t last long. Will makes great points that as long as you think gambling can gain you money, no amount of money is safe from betting and losing it all on a whim or bad streak. Besides, even assuming you could be reasonably successful for any sustained period, do you want the typically poor health and high stress of a poker player or a Vegas bookie with the beer gut and the bad hairline and the chain smoking? There are a lot of things more noble and humanistic than taking people’s rent money on a little green felt table or biting your nails to hope a garbage time score doesn’t ruin your halftime point spread.

    These days, I try to make my checks disappear into investments and savings first and leave myself only token spending money. The casino is a place I visit a couple times per year instead of a couple times each week. My life definitely works a lot better.

  6. June 2, 2018 at 3:15 pm

    Thanks Seth, excellent analysis. All I would add to that is to visit the casino never. It’s like a former alcoholic going to the bar a few times a year.

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