Different Types of Gamblers | Which Gambler are You?

07/02/24 • 32 min

In this episode of the 'Scared Money Don't Make Money' podcast, hosts Sam and Sunny dive deep into the various types of gamblers, sharing personal experiences and observations from recent trips to casinos. From casual social gamblers to compulsive gamblers, they analyze what motivates different gambling behaviors and the impacts on personal lives. They also discuss tips on maintaining a healthy balance and controlling gambling habits. Listen in for an engaging conversation on the thrills and perils of gambling.

00:00 Introduction and Opening Anecdote
01:22 Vegas Stories and Gambling Experiences
01:58 The Impact of Young Gamblers
02:25 High Stakes and Dealer Interactions
03:26 Gambling Strategies and Superstitions
07:21 Defining Different Gambler Types
08:25 Casual vs. Serious Social Gamblers
12:19 Compulsive Gambling and Its Consequences
15:34 Personal Stories and Reflections
17:57 A Rollercoaster Night at Morongo
18:26 ATM Woes and Regrets
18:57 Gambling Memories and Lessons
20:48 Golf Course Gambling Stories
27:48 Mentoring Young Gamblers
30:50 Reflecting on Gambling Habits
32:14 Final Thoughts and Advice

Previous Episode

Roulette Wins and Losses: Testing Strategies in Vegas

Our recent trip to Las Vegas was quite an experience. We stayed at the Encore and decided to put these roulette strategies to the test with real money. Despite the outcomes on the roulette app which we tested in our previous video, the real money tables in Vegas was different. We faced some losses, proving that what works in theory doesn't always pan out in practice.

We decided to try an aggressive box method, placing $50 bets on the corners across the middle section. Unfortunately, this strategy led to a quick loss of $900 on the first spin. After ten spins, I found myself down $3,000, highlighting the high-risk nature of this strategy.

Switching gears, we tried a more conservative strategy involving columns and dozens. Initially, this method showed promise, but pressing my bets led to a loss. This experience really emphasized the importance of sticking to consistent betting increments to avoid pitfalls.

I also experimented with betting on numbers 19-36 and the columns. While this method brought some success, we fell victim to bad luck with zeros popping up multiple spins.

Meanwhile, Sam had quite the adventure with free bet blackjack. Over the weekend, he managed to come out $4,000 ahead. He explains the dynamics of free bet blackjack, noting how side bets and the push rule (when the dealer busts with 22) can significantly influence the game.

The episode is filled with our gambling insights and entertaining stories. Sam shares a late-night session where he successfully walked away with $5,000, underscoring the importance of knowing when to stop. Despite the ups and downs, we both learned a lot from each experience.

Looking ahead, we're excited to announce our next project: testing various craps strategies on an app. We’ll dive into different strategies and see what works best. As the self-proclaimed "craps master," I'll be sharing my expertise and strategies in the upcoming episode. We invite you all to tune in for this exciting exploration of craps strategies.

Next Episode

Football Season Starts Soon! Sports Betting Strategies

In this episode of 'Scared Money Don't Make Money,' host Sam is joined by special guests Mark and Danny to discuss the intricacies of football betting as the NFL and college football seasons commence. Mark and Danny share their insights as seasoned sports bettors. Mark, a relatively new entrant in the world of sports betting, talks about his social approach, aiming for modest gains while enjoying the thrill of the game. On the other hand, Danny, a 30-year veteran in sports betting, outlines his disciplined and strategic methods that have enabled him to achieve six-figure wins over the years despite occasional significant losses.

The discussion covers a wide range of topics from the impact of preseason football on betting decisions, different types of football bets such as office pools and survivor pools, to the importance of money management and discipline in betting. They also delve into the psychology of betting, contrasting the casual, social approach with a more analytical, investment-like mindset. Danny emphasizes the need for rigorous research and strategic betting, while Mark highlights the social and entertainment aspect of betting.

Towards the end, the guests make their Super Bowl predictions and share their thoughts on a specific preseason game between the Philadelphia Eagles and the Patriots. The episode concludes with a reminder to gamble responsibly and an open call for potential sponsors to promote responsible gaming. Join us for an engaging discussion that blends expertise, experience, and the sheer excitement of football betting!

00:00 Intro
00:58 Football Season and Insights
02:01 Meet the Bettors: Mark and Danny
05:13 Betting Approaches and Strategies
15:24 Office Pools and Fantasy Football
17:51 Survivor Pools Explained
20:58 Big Wins and Losses
30:38 Responsible Gambling
32:26 Super Bowl Predictions and Closing