Quote from: Davidvictorson on Today at 10:57:40 AM

I saw this on X about a regular gambler and a professional gambler. From my understanding of it, it is not about the gambler being an addict but just a regular gambler. Which of the statements do you disagree with regarding the two?

1. Emotion vs. Discipline
•Gambler: Chases wins, reacts emotionally to losses, bets impulsively.
•Professional: Trusts the process, sticks to a plan, treats losses as data.

2. Luck vs. Edge
•Gambler: Relies on luck, superstition, and “hot streaks.”
•Professional: Focuses on statistical edge, probability, and long-term ROI.

3. All In Mentality vs. Bankroll Management
•Gambler: Goes all-in or over-leverages to “win big.”
•Professional: Manages risk, sizes bets/investments to survive and scale.

4. Short Term High vs. Long Term Growth
•Gambler: Wants fast wins and dopamine spikes.
•Professional: Delays gratification, compounds over time.

5. Outcome Obsessed vs. Process Focused
•Gambler: Measures success only by outcome (“Did I win?”).
•Professional: Evaluates the quality of decision-making, not just results.

6. Excuses vs. Accountability
•Gambler: Blames bad luck, refs, the market, anything but themselves.
•Professional: Owns every play, win or lose learns and adapts.

7. Entertainment vs. Execution
•Gambler: Views the game as fun or thrilling.
•Professional: Treats it like a business. Fun comes after success.

source: https://x.com/SJosephBurns/status/1912088540130816336

Only a few percentage of professionals bet over- leverages and aim to win big occasionally but this is mostly done by regular gamblers that sees gambling as a way of becoming financially independent. A regular gambler has no bankroll and also doesn't practice risk management. In point number 7 which of the options is better. The regular gambler views the game as entertainment and the professionals take it as a business, aren't they supposed to be mature enough to know that gambling can not give you a steady source of income.