How much should I bet per hand? This is the most common question from a newbie. The most common answer is, “bet a small amount just for fun to try out your luck”. The Guerrilla Gamblers Club (GGC) would not recommend it. In the Ways of the Guerrillas, we do not bet for fun and will refrain from luck testing bets.
Betting for fun will always remain as fun. You will not experience the problems associated with betting for extra pocket money to take home. If you have not acquired this experience, you will not look for ways to improve yourself. For this reason GGC is against betting for fun. It is a waste of time.
Luck testing bets is another time waster. Assume that all bets are even money bets as beginner usually starts with these bets. If you have average luck that day, you will end up with losses being greater than wins by a small margin. Even if losses were to exceed wins by one, it is still a net loss. With the best scenario for average luck, you get the same amount of wins and losses. It will still end up a loosing session because of house edge.
For GGC bet size is base on your income. Set aside a certain percentage of your income for gambling. It had to be an amount that will not affect your livelihood. It should not be too small that you derive no satisfaction when you have won money which you consider peanuts. Once this money is lost wait for the next paycheck and try again.
Your bet size will be determined by how many hands you intend to play. A simple division will give you the bet size per hand. If you do not know how many hands you wish to play, start with five. Adjust it with trail and error as you go along and you will know how many chances you need to make each session a winning session. If you win spend it. Unless you get rewarded you will not be motivated to gamble for extra pocket money.
I am going to double my bet. Waiting for the feel I don't need four chances. I see on average 2 chances is sufficient. I will be betting RM100 per hand now.
ReplyDeleteMost likely you will experience increased fear when you double up. I am just giving you a heads up so you can deal with it accordingly.
ReplyDeleteYes, I just experienced that and end up lose money.
ReplyDeleteStick to you you are doing for at least 3 months before you start exploring new things.
ReplyDeleteYou think it is the greed element that caused the fear?
ReplyDeleteYes, but what do you think? I am not there with you. You know better. It's up to your ability to accept it. You may not want to because I gave you an early warning but you still fell to the trap.
ReplyDeleteYes doubling the bet causes some greed and this caused some fear when you start laying down the wager. It is this time that your start to hesitate thus clouding your judgement.
ReplyDelete