Celebrities are role models for young aspirants, whether in sports or fashion or any other arena. There are plenty of tips to be picked up from successful icons. It is no different in the field of gambling. After studying the lives and styles of a number of famous gamblers, we have picked five tips that we feel will be most useful to newbies.
Tip #1 There Is No Substitute for Skill
Many casino games are based only on luck, such as roulette and slot machines. But others like poker and blackjack are dependent on both luck and skill. In the long term luck will even out and the more skillful players will make money. Nothing highlights the importance of skill more than the saga of the MIT Blackjack Team.
For years, the team members fine-tuned blackjack strategy and made sure that they could follow it in their sleep. They then mastered the skill of card counting, which gave them the edge over Las Vegas casinos.
Acquiring gambling skills has become much easier now. There are many more books, online tools and video tutorials. If you are playing poker then you need to continuously develop your skill, because the level of the competition is going up all the time. Liv Boeree, one of the most successful female players, says that a poker professional should spend 40% of their time developing skills.
Tip #2 Grab Opportunities to Play for Free
Online gambling portals have opened up a new world for aspiring gamblers. In the old days there was no substitute for learning through hard knocks. Daniel Negreanu is presently the highest earning tournament poker player of all time. In his early days he twice lost his bankroll in Vegas and had to return back to Toronto. He now advises aspirants to play for free or penny stakes at online sites till they learn the ropes.
There are even more free play opportunities at online casinos. Many of them allow even guests to play the games for free. Playing freeroll tournaments is a great way to build bankrolls without making any deposits. All online casinos offer bonuses and free spins to both new and regular players. We prefer free spins because they give better opportunities of generating real cash from freebies.
Tip #3 Trust Your Instinct
Celebrity gamblers often speak of a sixth sense. When the strategy is screaming that you should fold, a voice within you says play on. You should trust your instinct only when it has proven right most of the time. It takes ages to develop a perfect instinct, but it is something that you should start working on.
The gambler’s instinct becomes more important in games based only on luck. Slots players that have hit life changing jackpots have spoken about trusting their instincts in interviews given to online casinos after the wins. A player may go for one last spin on a progressive jackpot slot and hit a payout worth millions. You must also listen to your instinct when it tells you to quit. Otherwise you may squander away the gains from a huge winning streak.
Tip #4 Dominate the Table with your Presence
This tip works only when you are against other players as in poker or bridge. Other players should be in awe of you, even if they do not admit it. The most common outcome of this domination is that your opponents reveal their weaknesses through poker ‘tells’ while you are able to maintain an impassive demeanor.
Phil Ivey had this trait of discerning the weaknesses of his opponents by provoking them into making revealing signs. Every poker player has heard of the time when Ivey called Tom Dwan’s bluff by asking him questions during the game.
Another equally famous Phil is Phil Hellmuth. He has won more bracelets at World Series of Poker. Hellmuth, known as Poker Brat, often came to WSOP tournaments in outrageous fancy dresses. Such antics work only when you have achieved a certain stature, but the idea is to be the boss.
Tip #5 Learn from Celebrity Failures
Celebrity gamblers can fail as well. This is truer of celebrities in other fields that have taken up gambling. Many have lost huge sums of their acquired wealth. Charles Barkley, the American basketball player, is now more known for his problem gambling. Though he has lost nearly $30 million, he is not worried because he can afford it. But not all gamblers enjoy this luxury. Addictive gambling is something that must be guarded against.
There also have been celebrity gamblers that have adopted unfair means. Phil Ivey has engaged in a practice known as edge sorting while playing poker. Borgata Casino has received federal clearance to recover its $20 million dues from Ivey’s assets in Nevada. Gambling, even professional gambling should be first and foremost a fun activity for all.