There is just one thing and one thing only which will take any gambler from constantly losing to any hope of making a profit. It's not lady luck; it is not any magic trick, and it's not really a mystical ritual.

Gambling has existed in a variety of forms for centuries and is an enormous source of revenue for a multitude of casinos, government agencies, bars, clubs and other organizations. The reason that these organizations make such a profitable income is not so much the huge numbers of individuals gambling because it is the high portion of these people who fail to learn the one secret they have to know to have any chance of making a profit at all.

The common gambling approach goes something like this: You go to the race track and overhear a stranger telling a friend that a particular horse is ready to win so you put ten bucks on it. Result - the horse loses. Or you go to the casino and put fifty bucks into a slot online machine because you believe it really is your "lucky" machine.