A lot of people wonder what is the criteria of a good gambler, here are some of my thought about good gambler
a good gambler never chase profit
Profit might be the first reason why people gamble, but a good gambler never attached to the profit, the most important thing in gambling is excitement and fun experience, having profit is just the bonus
a good gambler able to control himself / herself
Self controlling is very important in gambling, without a clear mind there will be a lot of mistakes in betting and even causing reckless betting and losing all of the money in split second
a good gambler know when to stop
Setting a limit is very important in gambling, setting a lost limit will prevent you to over spend your money and setting a win limit is also important because in the long run the house got a bigger chance to win due to the house edge
a good gambler never cause any problem to the surrounding
A good gambler know that the chances of losing money in gambling is huge, so a gambler should never used daily needs money or borrowing money to gamble, and a gambler should never think of robbery or stealing to gamble
a good gambler can accept lost
When losing a good gambler won't blame the surrounding, cursing or accusing the casino as fraud places, losing is the half part of gambling, if you can't accept lost then dont start to gamble
a good gambler should able to manage the time
A good gambler know how to split the time for family, for friends and for gambling, a good gambler never neglected family or friend just because of gambling
We must encourage people to become a good gambler, so people won't always have a bad judgement about gambler
I"m sure that this is no secret formula here and you are not the first one to analyse and give advise on how to be a good gambler. But why is this not effective and many people are going into gambling everyday? Because they want to get easy money. And no matter how many advises you gave them, they wouldn't follow it because its human nature to be greedy and have dreams of hitting a jackpot one day to give them a good life in the future.
So I don't believed such thing as
good gambler, if ever there are one in the books, they are just recreational gambler in the beginning but at the end will turn into addicted gambler.
And I do believe there is no GOOD Gamblor like thing which ever exist - Gamblers have greed for money and that lust is deadly
The formula OP shared is very valid and that is bookish thing - which remains in book most of the time - in real life there is no good gamblor - all of them would chase money and that is it.