Normally the way most of us view gambling is just as a game of chance. We either luck out or we eat crow, and live to play another day.. There are games like slots, crash games, and Andar Bahar, which you really can’t affect. When it comes to skill-based games though that you can play on apps like BD Baji, that’s where the cream of the crop rises to the top.
There are those, which have risen to fame through their ability to make fortunes out of what most people due just to blow off steam. But they’ve been able to win purely on the back of their sharp intellect, strategy, dedication to the pastime, and their ability to masterfully fake out their opponents. Today, we are going to be talking about some of these all-time greats and then draw some lessons on what we can do to emulate some of their success.
Doyle Brunson: the Godfather of Poker
This man stems from the so-called Greatest generation, the WW2 one, and he is calculating and stares down his opponent, somehow or someways consistently managing to smell when they were emotionally reeling and anxious. He’d then use this to bet big and pummel his opponents repeatedly into submission. His accolades from the World Series of Poker to many other events would take forever to list.
His main weapon is psychological warfare and his “Brunson hand”, a ten-deuce suited, is legendary. He is willing to play the lamest hands over and over, that few others would play, and do so convincingly and boldly. He had 25 million upon his death two years ago.
Blackjack Counting Pioneer Edward O. Thorp
Of course, we’ve all heard of tons of people getting kicked out of casinos for “cheating” in blackjack. Throp was the wise guy who started them all. He had a background in math, so he wrote the whole book on how to count the cards left in the deck and when to hit and when to fold. He sparked a revolution. Casinos saw a target on their back and had to alter their decks, using multiple decks instead of just one and implemented shuffling machines to counteract systems like Thorp’s.
Edward Thorp’s net worth is estimated at about $800 million, from other ventures too, not just gambling.
Kerry Packer: Billionaire Mogul
Sometimes, in order to win big you have to have the bank account to do it. Although he might have had an advantage starting out, he was more talented that you might think. Many say – one of the best of all time.. He was certainly skilled in the media business but he also won huge sums at the blackjack tables. He is mean and ruthless. He likes to apply the pressure and scare even seasoned pros into folding.
His annual vacations making it rain in casinos have netted him wins in the millions. His affinity for huge calculated risks translated well to cards as well .
Tony Bloom: the Lizard
They don’t call this Englishman a wizard for nothing. It’s because he’s Mr. cool all the time, as if he doesn’t have warm blood. He also locks on with razor sharp eyes. A lot of that confidence comes from his math degree at the University of Manchester. He won Australian Poker Championships and many others and even mopped the floor in horse racing.
Billy Walters: Sports Betting Hall of Fame
He joined the Computer Group, which used intelligent computer models to predict sporting events, a bit of a real-world Biff. Only one year in the four decades that be bet did he lose more money than he took home. His bets weren’t limited to just a single sport. It included American football – both college and the pros. He bet on the Saints to win the Super Bowl and won 3.5 million.
A lot of sportsbooks refused to engage in bets with him. For that reason, he actually bet through proxies without their knowledge. His winning rate of 57% is almost unheard of in pro sports, where professional gamblers strive to maintain 53% but bet large sums to overcome the additional vig that gets subtracted out of wins.
Secrets that Gambling Professionals Share
Now, of course these pro gamblers come in all shapes and sizes, and a lot of them are perceived as being defined by their novelty and approaching the game in ways no one had every conceived of. The reality though is they do share a lot of common traits, traits that you can replicate yourself next time you go to a casino.
Discipline
It’s very important to know when to quit and not be led astray by your emotions. You want to set a side a particular amount of money in advance to spent over the day, and when it’s not your day, it’s not your day. There’s no reason to set a hole deeper and deeper. And that budget is best not to set as more than 10% of your actual income on a regular basis. Some of the people on this list already had massive fortunes too.
Don’t fall for fallacies too. There are many myths out there that are odd that anybody believes them, yet they do. For instance, some people believe that after they’ve biffed several hands in a row, they must be due for some wins right around the corner. This isn’t reality. Then there are people who want to hit it bit so bad that they can’t stop.
Or suppose they win a big hand, and they assume that because it started off positive, that’s the way it’s going to go, as if they have some magic on there side. Magic doesn’t exist.
Analytics to Wazoo
A lot of these people saw mathematical patterns that applied poker, blackjack, and sports betting at the time. If you have a sport that you love and you think you can outsmart everybody, there are ways to run laps around your opponents if you’re willing to commit yourself to know the game ten times better than them.
You may perhaps be able to use machine learning to spot certain weaknesses in the way casinos and other players play that could lead to you destroying your competition routinely. In most of the most popular sports like baseball and football, data analytics companies could be hard to beat. But less popular sports like darts and table tennis lend more of an opportunity for you to become a legend and take advantage of other people’s gaffes.
Psychological Warfare
This is quite the weapon when you are going head to head against another human being whose thinking is impacted by emotions, as we all are. The more you do it, the more you can read somebody’s body language at a poker table.
Of course, people who keep a “poker face” are more of a challenge, but people can only go so long before they make their feelings known. Once people eat crow in a couple hands, you can start to exploit it. Don’t be afraid to be a brinksman if you’ve studied the person properly.