You must discipline yourself to accomplish almost anything you do. Why not, in a game you know so little about? Why is it that people just cannot admit that they know nothing about the proper way to win at gambling?

I give lectures to various clubs, groups, and organizations on the subject of gambling, usually casino games. The people I meet are simply awed at the fact that they know so little about the games they play, and particularly Money Management and Discipline.

They offer various excuses for why they cannot exhibit Discipline, all of them ridiculous.

The most common excuse for not practicing Discipline, is the statement: “Well, I only go down to the casinos twice a year, and I don’t want to be governed by any rules. I figure I’ll contribute my $300, and have a good time while I’m there.”

In the next breath, they’ll ask, “But how come I always lose? Isn’t it possible to win sometimes?”

These people want to win, but go to the tables with ideas that prevent any chance of winning. They play to lose, thinking they can’t win. Even when they get ahead, they feel it’s an accident, and give it back.

Discipline is the hardest thing to accomplish in a casino. It is completely restrictive. Most people who gamble dream of big killings, and multi-thousand dollar paydays. Discipline doesn’t prohibit big wins, but, calls for a lot of caution, and, as a result, is primarily designed to provide small wins.

Discipline is an art rarely practiced by people who gamble. The ones who are way ahead, throw caution to the wind, figure they are playing “with the casino’s money,” and shovel their bets in wildly.

The people who are losing forget to restrict their losses, figuring they are “due” to win. They double up, hoping for a change in their fortunes. If you are cold on a certain day, you’d better realized that you could stay that way for a while.

The best thing to do when you’re losing consistently, is pack it in. Cash your chips and wait for another day.

That’s self-control. That’s Discipline.