The gambler as entrepreneur

Mar 12 2023
3 min. read
roulette 30
Ioannis Kavouras
By Ioannis Kavouras

We were talking about how unpredictable a game of roulette is. That there were no fixed rules. Take for example the bankroll issue. We tend to pity those who loose and try immediately to find more money to gamble. Those ATMs in the casinos are there for a good reason. And I told him about a couple of times when I had lost my shirt (quite a few thousand) and then went to the ATM to draw all the little money I could (ATMs allow you to draw only a very limited amount of money). And then my luck changed and with the 1.000 euros I managed to draw from the ATM I won back much of my the thousands I had lost that day. So, though it seems an act of desperation, ignoring the rules of predefined bankroll, can sometimes get you some money back. And then we went on talking about bankroll in general. How important it was and how to define what bankroll to use. And he brought up again the gambling as business analogy. This was an analogy he loved very much and would bring up again and and again.

The gambler as entrepreneur

“You can view gambling as a business” he said. “It is something that you work for and something you try to make money with. Every serious gambler should feel a bit like an entrepreneur. In any business, having a good capital is a great advantage. The same with roulette. With every business there is risk and the possibility of going bankrupt. Same with roulette. Playing only with spare money is a very good advice for casual gamblers. But if your are serious… Well I know of a now rich blackjack player, who actually borrowed money from a bank in order to start gambling big money. Just like a entrepreneur would borrow money for his business. But I’d admit that gambling is very volatile kind of business. A field only very few can be successful at.”

Entrepreneur.com: Entrepreneurs and Gamblers Have Much in Common.

Read also in the Roulette Professional series:

  1. Life in the casino
    We explore the practical problems, lifestyle limitations and health issue considerations of living as a roulette professional.
  2. The seven woes of the pro gambler
    Do you have the guts and determination to overcome Disappointment, Loss, Instability, Loneliness and much more?
  3. Pro gambler advice: 8 problems and tips
    We talk about money issues, bad beats, losing streaks and loss of confidence.
  4. The positive aspects of losing
    Expect loss, learn from it and use it in your strategy. Loss is good. Do not fear failure. Be always ready to receive it.
About the Author See all Ioannis Kavouras Articles
Ioannis Kavouras
Ioannis Kavouras
Body

I am a roulette player. Neither an “editor” nor a “mathematician”. The difference is that I put my money where my mouth is. Most roulette sites are written by editors who have never placed a bet. They recycle knowledge and recite Wikipedia. And they are paid to write. I have paid dearly for every single word I write. I have invested money, time, aspirations and grey matter in roulette.

In my 20 years as a roulette player, I have played everywhere, I have tried innumerable of roulette strategies, studied, created or dismissed countless ideas and done all the mistakes you could possibly do. I learned and I’m here to tell you about it. I can’t fight luck and i can’t control randomness. But I do know what works and what doesn’t, what mistakes you should avoid and what you need to win.

Roulette 30
In June 2010, disappointed by misinformation, outrageous claims, cheating roulette games and “sure win” system and device sellers, I created “Roulette 30”. I wanted to share knowledge, inspire other roulette players to make the next step in their game. It is as a very personal project. Everything, from the articles and the design to the last line of code is handcrafted with love by myself! I started it out of love for the game and since then Roulette 30 became a passion into itself.

At Roulette 30 we strive to create the deepest, interesting and inspirational site about the game of roulette. In this site I've shared as much as I can. Freely. Learn the basics of roulette, study the math and the physics of the wheel and then think creatively and discover new answers to old, classic roulette questions.

Roulette 30 Forum
This is the best place for serious roulette discussion. With a knowledgeable and friendly roulette community. I have already written almost 2K posts in the forum. Everyone is welcome to ask or comment on anything about roulette.

Kavouras Bet
After many years of people asking me about my personal roulette strategy, with reluctance and great care I decided to share all the details of the Kavouras Bet system. In that site you will learn everything you need to know about it.

These are the articles I have written I’m most proud of:

  • Kavouras Bet strategy
  • Roulette Wheel secrets
  • The Romanosky bets strategy
  • Bets and payouts of roulette
  • Analysis of Labouchere progression
  • Debunking the myth that the house edge is a game-stopper

Beyond roulette

I’m a restless soul, a novelty seeker, a different viewer.
I’m a Sagittarius with a touch of Pisces and Scorpio.
I was born in 1970.
I have studied Physics in the university of Athens, but never worked as a physicist.
I worked 15 years as a copywriter and creative director in advertising companies
I love Alfa Romeos, Italo Disco, ASIA, Nietzsche and dark haired women, though I have better luck with light haired ones.
I’m a loner and sentimental. I love philosophizing and reading. I’m smart, but I’m lazy, dilatory and a perfectionist, so I rarely accomplish anything.
That’s my story.
I would love to hear your story or thoughts at 30@roulette30.com.
You can also find me at: Facebook, Linkedin, and Google+

alfa romeo
alfa romeo gtv


Some music I like you couldn’t think of ?