October 28, 2020

Do You Need Psychology Skills in Gambling?

Special to California Business Journal.

Psychology skills are mental tools that help people achieve success in their lives. People with good psychology skills have a positive mindset that helps them accomplish their goals. It’s interesting to consider whether these skills can also lead to success in gambling. We will look at different types of gambling games to determine whether or not psychology skills are required. Let’s start by looking at the life and philosophy of a professional poker player.

A Poker Lifestyle

It is widely believed that Justin Bonomo is the best poker player in the world. This is probably due to the 35-year old’s whopping total poker fortune of around $50 million. In an interview that Justin did with Bluff earlier in his career, he made a few key statements. The comments he made make it pretty clear that he characterises plenty of psychology skills.

Justin said that he made it a point to surround himself with poker players so that he could learn as much as possible. He confirmed that he enjoyed analysing every aspect of his opponent’s poker style and approach to the game. He also mentioned that he was passionate about poker strategy and about figuring out the intricacies of the game on deeper levels. A few other interesting statements he made were that he puts in 10 to 12 hour poker sessions on a near daily basis, and that he wants to be remembered as one of the best.

Almost everything that Justin Bonomo said in the interview endorses the fact that he possesses a positive mindset and exceptional psychology skills. He comes across as someone who is self-motivated, determined, full of energy, self-confident, and calm under pressure. People like Bonomo are able to remain relaxed even in stressful situations when emotion would overcome the majority of players.

If the best poker player in the world displays these positive psychology skills, then it is safe to assume that these traits are necessary to become the best poker player in the world. We all know that a high level of skill is needed if a player wishes to win a high stakes game of poker. The question becomes: are psychology skills required in other gambling games such as slots?

The Psychology of Low-Skill Games

We all know that luck is the primary component of winning a game of slots or roulette. Players don’t really have any say in what numbers or combinations are going to land. They can’t bluff or outplay the slots or roulette wheels. There is not really any strategy inherent in the games of slots and roulette themselves. However, there are ways to play responsibly to ensure that gambling remains entertaining. There are also strategies that players can implement to manage their bankrolls.

Gamblers who play for years at casinos and never go overboard with their spending limits can be considered successful gamblers. They know that the odds are against them, but they still enjoy the thrill of the game. Certain psychology skills are necessary for players to manage their spending and enjoy their time at land-based casinos and online casinos. Characteristics such as having a positive but realistic attitude towards gambling, being fully responsible for any outcomes, acknowledging that the game is not personal, and having the ability to remain mentally alert and focused throughout a gambling session.

People who don’t possess these psychology skills are susceptible to playing irresponsibly, trying to chase losses, and not paying attention while playing – to name a few. It follows that a person with a positive mental attitude and good boundaries will have a better gambling experience in the long run. They can control their spending and their expectations.

Many people who have exceptional psychology skills are also skilled in other life areas – such as technology. Players who enjoy gambling online from their phones or computers are also regularly on the lookout for new cryptocurrency casinos. Due to the increase in crypto casinos, it has become difficult to determine which of them are legitimate. We have reviewed the best bitcoin casinos at the PikachuCasinos.com web page. Players can follow the link to view a list of all the best online bitcoin casinos available in the industry. These casinos are popular amongst bitcoin players, and many of them offer additional payment methods.

Professional Gamblers vs Regular Gamblers

Professional gamblers and successful entertainment gamblers are two very different types of casino players. While they both require good psychology skills, professional players require enhanced strategic skills as well as motivation and determination. Regular players who view gambling as a gratifying pass time usually display personal characteristics such as playing responsibly and having a good understanding of their entertainment needs.

Players who gamble for a living prefer games where skill, strategy, and knowledge of probability theory are a requirement. Gamblers who become the best in the world will usually immerse themselves in the lifestyle that goes with the game of their choice. They have incredible will power and commit themselves to becoming experts in the game. These people are also usually enthusiastic and energetic to the point that they can endure extended sessions without buckling under fatigue.

Final Thoughts

It’s clear that psychology skills are needed for any type of gambler who wants to enjoy his time at the casino. This also applies to players who gamble online because online casinos offer both strategic and random games. People who enjoy gambling should always play at a reliable online casino to guarantee that their money is safe, the games are fair, and that their winnings will be paid out without any hassles.

 

 

 

 

 

Written by

Rick Weinberg is Editor-in-Chief at California Business Journal. He is a well-known journalist, writer, reporter and on-air talent who has worked for the New York Times, FOX and ESPN. He launched California Business Journal to focus on California businesses and business professionals as well as California business news and information. Contact: Rick@CalBizJournal.com / 949-648-3815