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The Birth of a Problem Gambler
I recently caught up with an old friend of ours who used to passionately follow EPL football and bet on matches hoping to make a fortune. He staked ‘real’ money. Sometimes a lot of it!
We had a great chat, which he allowed me to record....
The Mind of a Problem Gambler
This is Part 2 of my interview with DM, a self-confessed problem gambler… I have to admit that although it was hugely interesting to dive so deep into the mindset of a hardcore gambler, it was also a little harrowing.
He undoubtedly considered...
The Pride of a Problem Gambler
This is Part 3 of our interview with DM, a self-confessed problem gambler… Here, we feel the excitement of watching matches with a bet riding on them, and the growing power and success as the stakes increase; the wins get bigger, but so...
The Rise of a Problem Gambler
This is Part 4 of our interview with DM, a self-confessed problem gambler… Despite winning 75-80% of his bets my friend hardly survived the first half of any betting season. Terms such as staking plan, portfolio strategy, specialising,...
The Reform of a Problem Gambler
This is the last part of my interview with DM, who is no longer a problem gambler…
Beware of false beliefs; only knowledge is power
SW: “Did you make any strategy breakthroughs with your football betting?”
DM: “Yes,...
The Gambler’s Worst Enemy: Emotions!
It doesn’t matter where you want to succeed in life, emotions are in play with every good or bad decision you make.
In a betting context, emotions are a killer: too many emotive decisions will see long hours of preparatory work wasted and...
Self Check: Do I Have a Gambling Problem?
You may have chosen to open and read this article because you have a gambling problem, or perhaps you are trying to help a family member, or one of your friends?
Most gamblers will have come across the expressions “responsible gambling”...
The Gambler’s Ruin Explained – Fair Coin Flipping
One of the phenomenons of probability is Gambler’s Ruin. The most common meaning is that a gambler with finite wealth, playing a fair game (that is, each bet has expected zero value to both sides) will eventually go broke against an opponent...
What is a Bet? What are Odds? What is a Stake?
The only one of these terms which is obviously straightforward is ‘Bet’, and I am sure all of you understand what a bet is.
Even the term ‘Stake’, at least so long as it is money related, is easily understandable.
Whatever level your...
Gambling for Fun or Gambling for Money? – The Truth
When people tell me they gamble for the fun of it, I find this hard to believe. It beats me but I simply cannot see the point of ‘enjoying’ losing money for the sake of it.
Honestly, if I would find any pleasure in losing money, I would...
