This is a very good analogy. Indeed, you don't bet just because you need to; it's always a waste of your money when you are betting frequently and hoping to win. I guess this is very common when chasing losses.You should try to bet the way a crocodile hunts. A croc will wait patiently for the best kill rather than make many attempts at less than ideal prey.If you do it that way then you will find that your expectancy will rise.
This is a good way of going about it @Tolly. Now that it's the off-season, it is quite hard to find interesting games to bet on. I once had this habit of betting on anything and everything. Over time, a gambler sheds off such bad habits and works on maximizing on profits.During the on season for sports, once a week or less frequently. It depends on which games or races are on and whether I've had time to do my research. There's no point in placing a bet if I'm going to have to do it blind. I'll make an exception for a night at the dog racing, placing multiple small bets in a night, but that's more fun than serious betting.
Kindly explain this because timing could also mean choosing the more predictable games or competitions. It is pointless for any gambler to bet just because there are games that are available.Its all about the timing of the wager.