Quote from: Julien_Olynpic on Today at 06:24:43 AM

Quote from: l3pox on January 04, 2025, 11:39:26 AM

Quote from: Nrcewker on January 04, 2025, 04:02:14 AM

I have been gambling for the past 8-9 years but never read any books regarding gambling. I don’t know about others, but yes, I believe practical knowledge is more important than theoretical knowledge when it comes to gambling. But yes, I read about other people’s experiences with gambling losses and learn from their mistakes. When you are gambling, the most important thing you need to understand is the game rules and house edge of the particular game. Calculate the risk involved and gamble in the budget. As a newbie, if these things are maintained, then definitely he can make a profit.

It’s interesting how you don’t need theory to be a good gambler (or even to be good with other skills), though a little bit of theory never hurts

One book that I like that is not exactly about gambling but includes some of the concepts is “thinking in bets” by Anne Duke

Have you read it?
She says that life is more like poker than chess. Its a good book

Yes, I read this book. However, it did not make much of an impression on me. This principle itself has been expressed many times in different formulations before. By the way, this principle works in trading too, not only in poker. Therefore, we can say that this principle is universal. What is this book about and what is this principle about? The principle says that a good strategy cannot always bring profit right away. In the short term, it can even be unprofitable. A good strategy brings profit only in the long run, when chance stops working. This is the right principle, but one principle is somehow not enough for a whole book. And stretching out the discussion of 1 principle for a whole book... maybe someone likes it, but not me.

Gambling, and poker in particular, is in many ways not only a game, but also a philosophy. A player who adheres to the correct philosophical concept has a certain advantage over a player who does not even think about such things.

Therefore, I would recommend studying the works of the Stoics, in particular the works of the Roman emperor and philosopher Marcus Aurelius. Stoic teachings teach self-discipline and calm acceptance of various life trials.
Stoics also teach not to show emotions (which is very valuable for a professional poker player). To be indifferent to both victory and defeat, both winning and losing - this is the main idea of Stoicism.

Gambling is based on uncertainty, chaos, luck, so you need to be a stoic to successfully play gambling.