What exactly is a gambling strategy? Is there such a thing in the real world and is there one that works? Let's first of all look at gambling. What is gambling? Well, gambling is when one wagers money on games of skill or chance. Don't be mistaken by thinking the chance element is what actually makes the activity gambling. It is not. It is the betting of cash on a particular outcome of something.
For instance, if one bets $20 on a game of pool then one can be considered to be gambling, even though it is a game of skill. The legal definitions to do with gambling on games of chance and gambling on games of skill usually vary depending upon what jurisdiction one resides under. That said, gambling is gambling, regardless of whether one has a gambling strategy or not.
What is a strategy exactly? Well, a strategy is a particular course of action one decides upon in advance. For instance, one may have decided to play Blackjack and wish to implement a perfect strategy of memorizing a basic strategy chart, then test oneself with an online basic strategy tutor.
The second step of such a strategy might involve learning to count cards by acquiring knowledge on the subject by reading a book, selecting a specific methodology, and then practicing at ones kitchen table until able to count down a complete deck of cards in 60 seconds or under.
The following step in that strategy may be to set aside such a bankroll that will be large enough to withstand any effects of deviating from the plan when emotion comes in to play and thus avoid going bust. The final step could be to embark on a new career as a card counter, however one may use different strategies as well.
One could decide to set aside $25 out of every paycheck each week to play slots with. One may make a single trip to a casino once a month with a $100 bankroll and if they lose their $100 they quit for the session, and return back the following month to try again. Both would be regarded as a gambling strategy, though the counting cards would definitely have a more positive expectation.