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Gambling

Cat Loving Man

Just wanted some views.I used to gamble too much and chase losses .I had this view you could beat the bookies if you just had enough money.it did not work.Now I find gambling boring and ma very selective when I do it.I do it within reason and either lose small amounts or win small amounts.

I was just wondering is my type of obsessions with numbers typical of Autism.I am also very into money and the stock market etc and love the FT.

Look forward to some views on the above

Parents

  • In regular betting, it is just luck, even if you seem to have a winning streak. You won't win the long run, e.g. slots, lottery.

    This assumes the game is fair and not rigged and you are not in on the inside, e.g. if you know a horse is doped, but this can be illegal.

    You can make money on gambling though, but you need games of skill, which is things like card games (poker) or backgammon. You need to know odds in you go head and play based on strategies. You are banking on being better at this than the other person or people. This is what the professional gamblers do.

    The other way is to place multiple bets, like a hedging strategy if you work for a financial firm, is what I believe some do. You are are looking for discrepancies in odds. But you will often get banned if you are successful. Also with modern tech the betting companies may well be wise this.

    Best to view it as fun. Bank on losing the money and then anything you make is a welcome bonus.

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  • In regular betting, it is just luck, even if you seem to have a winning streak. You won't win the long run, e.g. slots, lottery.

    This assumes the game is fair and not rigged and you are not in on the inside, e.g. if you know a horse is doped, but this can be illegal.

    You can make money on gambling though, but you need games of skill, which is things like card games (poker) or backgammon. You need to know odds in you go head and play based on strategies. You are banking on being better at this than the other person or people. This is what the professional gamblers do.

    The other way is to place multiple bets, like a hedging strategy if you work for a financial firm, is what I believe some do. You are are looking for discrepancies in odds. But you will often get banned if you are successful. Also with modern tech the betting companies may well be wise this.

    Best to view it as fun. Bank on losing the money and then anything you make is a welcome bonus.

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