4 types of Gambling (UPDATED 5/11/2016)

wildan88

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Quote from: gabmen on May 11, 2016, 02:20:23 AM

Quote from: wildan88 on May 11, 2016, 02:18:04 AM

such as sports betting, I have full skill to analyze the team. but it all depends on luck, because in football anything can happen Grin

head to head game always been a favorite for me too, knowing what will be the edge of the to their opponents, I think number four would be the best one, I adore you mate for sharing your thought to us, it is correctly been observed, thank you for sharing.

I do not like analyzing head to head games, because each season the players will be different. I prefer to analyze the situation of the team, the performance, the last few games and their winning goal.

JollyTrades

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I think it also depends what the player makes of the game. Someone may play bowling or poker or even basketball randomly so that the game becomes an "all chance" one. The same goes for investing. If you just randomly buy and sell bitcoins, then you're playing it all by chance. On the other hand, if you base your views on a solid economical model and short some shares of Matson Inc., for instance, and hedge your risk according to an investing paradigm by combining the fundamental and technical aspects of financial markets, then the game becomes a "mostly skill" one.

iram66680

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Quote from: wildan88 on May 11, 2016, 02:18:04 AM

such as sports betting, I have full skill to analyze the team. but it all depends on luck, because in football anything can happen Grin

Sports betting is the best type of wagering on in my opinion. As you are too get a lot on the teams not likely to win for the higher amount of there odds. You are likely to get more on the risk to take.

XERES

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All Chance and All Skill is my types of gambling, i like when did a bets with high risk but high payout too

Jasad

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= jasad =

Quote from: outatime1 on May 10, 2016, 07:56:03 PM

I have a theory that there are basically 4 types of gambling:

1) All Chance (highest risk): These are games that are basically all left to chance and no skill is involved such as dice or roulette.

2) Mostly Chance but some Skill: These are games like poker or spades where there is some skill involved but you are at the mercy of the cards dealt.

3) Mostly Skill but some Chance: These are games or sports where it is mostly the player's skill that controls the outcome such as golf or bowling where each player plays against the game with the opponent facing the same game independently and under the same conditions. In these games you can't directly affect the opponent's performance. Could also be true for a video games where you play against the computer and not head to head against an opponent.

4) All Skill (lowest risk): These are games where you play head to head against an opponent and can affect the opponent's performance and you both are playing under the same conditions. These are games like chess and pool or sports like basketball.

This is just a theory on how risky betting is in some games or sports. This doesn't include betting on sports or horse racing where you are just an observer. What do you think?

Not sure all gambling game can use any skill,and i'm on first list,i'm 100% use chance,and just try my luck on gambling, have no skill,i have no strategy.
but,i'm sure people with good analyze and strategy will have better luck.

Haterreact

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Sports betting has mostly skill and less chance.so definately easier to bet on.

bias

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I LIKE THE ALL SKILL TYPE OF GAMBLING I THINK IT SUITS ME

DuckKeeper

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Quote from: outatime1 on May 10, 2016, 07:56:03 PM

I have a theory that there are basically 4 types of gambling:

1) All Chance (highest risk): These are games that are basically all left to chance and no skill is involved such as dice or roulette.

2) Mostly Chance but some Skill: These are games like poker or spades where there is some skill involved but you are at the mercy of the cards dealt.

3) Mostly Skill but some Chance: These are games or sports where it is mostly the player's skill that controls the outcome such as golf or bowling where each player plays against the game with the opponent facing the same game independently and under the same conditions. In these games you can't directly affect the opponent's performance. Could also be true for a video games where you play against the computer and not head to head against an opponent.

4) All Skill (lowest risk): These are games where you play head to head against an opponent and can affect the opponent's performance and you both are playing under the same conditions. These are games like chess and pool or sports like basketball.

This is just a theory on how risky betting is in some games or sports. This doesn't include betting on sports or horse racing where you are just an observer. What do you think?

It seems I always go for the all chance because I online play roulette when I am going to the casino the other games acquire to much thinking.
When I am doing things for the fun I do not like to think to much.

eternalgloom

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I think your list is quite accurate, but what is the point of it?
Don't really see how anyone would benefit more from knowing this, it's pretty much already public info.

tzman

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Well gambling is gambling,and to gambling you need just lucky and not skill,playing cards the 21 ,you are taking the risks if the card make you cross you lost ,soo the skills arent in the gambling atleast not online.And the real tournaments well you need lucky on your side and a good strategy,chess can be considered a skill game,the others i dont see those at all.

Pursuer

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Quote from: outatime1 on May 10, 2016, 07:56:03 PM

I have a theory that there are basically 4 types of gambling:
1) All Chance (highest risk): These are games that are basically all left to chance and no skill is involved such as dice or roulette.

I agree, and in these games there is nothing you can do to change the result, and no strategy ever works.

Quote

2) Mostly Chance but some Skill: These are games like poker or spades where there is some skill involved but you are at the mercy of the cards dealt.

yeah but I want to add that some games are so different when the yare played online, for example a game like poker is kinda different when you play it a casino

Quote

3) Mostly Skill but some Chance: These are games or sports where it is mostly the player's skill that controls the outcome such as golf or bowling where each player plays against the game with the opponent facing the same game independently and under the same conditions. In these games you can't directly affect the opponent's performance. Could also be true for a video games where you play against the computer and not head to head against an opponent.

I think this category is mostly suitable for betting on sports not yourself because betting on sports will require more skills and information rather than chance whereas betting on yourself playing the sports is purely skills and a little bit chance.

Quote

4) All Skill (lowest risk): These are games where you play head to head against an opponent and can affect the opponent's performance and you both are playing under the same conditions. These are games like chess and pool or sports like basketball.

anyways In any gambling when you make a bet you are taking a risk and it doesn't really matter what it is on the risk is always there.

equator

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Quote from: outatime1 on May 10, 2016, 07:56:03 PM

I have a theory that there are basically 4 types of gambling:

1) All Chance (highest risk): These are games that are basically all left to chance and no skill is involved such as dice or roulette.

2) Mostly Chance but some Skill: These are games like poker or spades where there is some skill involved but you are at the mercy of the cards dealt.

3) Mostly Skill but some Chance: These are games or sports where it is mostly the player's skill that controls the outcome such as golf or bowling where each player plays against the game with the opponent facing the same game independently and under the same conditions. In these games you can't directly affect the opponent's performance. Could also be true for a video games where you play against the computer and not head to head against an opponent.

4) All Skill (lowest risk): These are games where you play head to head against an opponent and can affect the opponent's performance and you both are playing under the same conditions. These are games like chess and pool or sports like basketball.

This is just a theory on how risky betting is in some games or sports. This doesn't include betting on sports or horse racing where you are just an observer. What do you think?

What you have stated is correct, in the 4th point what you told is perfect about sports it is fully skilled based as you can get the full records of the teams , their performance , statistics and previous records against team playing and lot more . So i accept that Sports betting is fully skillful , profit is sure but low to medium but if you count on long term you will in very good profit when you count with others who are playing in non skill games.

BitMaxz

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I think if there's a 4 types of gambling.. its always depends in luck not on skills.. if you are skilled to play poker or dice or any gambling game.. if you dont have luck you will still lose.. so if you are lucky and with skilled and you can be satisfied you can make a profit and win..

~Bitcoin~

legendary

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Quite interesting and true info you have provided OP thanks for it. I haven't seen any online game that is 100% skill based and talking about my luck in luck based games i am completely unlucky.

smho_16

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I lost a lot in game of chances , slots ,roulette and dice. I played my self in soccer betting, lost quite a lot there too, then I came to this forum and by following a lot of predictions and tipster threads I have managed to win more than I have lost, so I have recoup some of my losses and I will vote for games of more skill and a bit of luck like soccer betting. Not a fan of head to head games.

adaseb

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Quote from: RussianRaibow on May 11, 2016, 06:47:34 AM

Quote from: arseaboy on May 10, 2016, 11:07:18 PM

good point mate, and for me the number 4 would be the good one to play with, playing head to head, research and make sure that you are betting for the team that have very good chances of winnings, it is a good explanation over there mate. you observed it well and always remember gambling still a gambling.

I don't think you completely understand #4. You aren't betting on two teams, you are actually playing something yourself against another physical person and betting on the outcome. In this type of bet, you can directly affect the other person based on how skilled you are. It is a game of all skill, which is why it has the lowest risk.

Yes but like I said before. #4 doesn't really apply to online casinos. It might apply to multiplayer games like World of Warcraft but those games will never be in a casino. Its only good for face to face gambling in a physical casino.

RussianRaibow

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Quote from: arseaboy on May 10, 2016, 11:07:18 PM

good point mate, and for me the number 4 would be the good one to play with, playing head to head, research and make sure that you are betting for the team that have very good chances of winnings, it is a good explanation over there mate. you observed it well and always remember gambling still a gambling.

I don't think you completely understand #4. You aren't betting on two teams, you are actually playing something yourself against another physical person and betting on the outcome. In this type of bet, you can directly affect the other person based on how skilled you are. It is a game of all skill, which is why it has the lowest risk.

qavhity

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i think i am betting #1 and #3.

doublemore

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Quote from: outatime1 on May 10, 2016, 07:56:03 PM

I have a theory that there are basically 4 types of gambling:

1) All Chance (highest risk): These are games that are basically all left to chance and no skill is involved such as dice or roulette.

2) Mostly Chance but some Skill: These are games like poker or spades where there is some skill involved but you are at the mercy of the cards dealt.

3) Mostly Skill but some Chance: These are games or sports where it is mostly the player's skill that controls the outcome such as golf or bowling where each player plays against the game with the opponent facing the same game independently and under the same conditions. In these games you can't directly affect the opponent's performance. Could also be true for a video games where you play against the computer and not head to head against an opponent.

4) All Skill (lowest risk): These are games where you play head to head against an opponent and can affect the opponent's performance and you both are playing under the same conditions. These are games like chess and pool or sports like basketball.

This is just a theory on how risky betting is in some games or sports. This doesn't include betting on sports or horse racing where you are just an observer. What do you think?

Its a cool theory you just need to adjust a few things. So lets go through them:

1.) Yeah agree, games which have a negative expectation

2 and 3.) They both overlap, poker has a large amount of skill it just takes longer for the edge to show. Things like golf can be the same, great players can never win a major title like lee westwood for example, hes good enough to have won something big.

4.) Chess is probably the best example since the only variable is how the human feels on the day, the rest is pure math.

neochiny

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Quote from: outatime1 on May 10, 2016, 07:56:03 PM

I have a theory that there are basically 4 types of gambling:

1) All Chance (highest risk): These are games that are basically all left to chance and no skill is involved such as dice or roulette.

2) Mostly Chance but some Skill: These are games like poker or spades where there is some skill involved but you are at the mercy of the cards dealt.

3) Mostly Skill but some Chance: These are games or sports where it is mostly the player's skill that controls the outcome such as golf or bowling where each player plays against the game with the opponent facing the same game independently and under the same conditions. In these games you can't directly affect the opponent's performance. Could also be true for a video games where you play against the computer and not head to head against an opponent.

4) All Skill (lowest risk): These are games where you play head to head against an opponent and can affect the opponent's performance and you both are playing under the same conditions. These are games like chess and pool or sports like basketball.

This is just a theory on how risky betting is in some games or sports. This doesn't include betting on sports or horse racing where you are just an observer. What do you think?

This theory is actually good and you actually specified some of the
high risk and low risk gambling which give a lot of information
for those who want to gamble more safely.

bering

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Quote from: outatime1 on May 10, 2016, 07:56:03 PM

I have a theory that there are basically 4 types of gambling:

1) All Chance (highest risk): These are games that are basically all left to chance and no skill is involved such as dice or roulette.

2) Mostly Chance but some Skill: These are games like poker or spades where there is some skill involved but you are at the mercy of the cards dealt.

3) Mostly Skill but some Chance: These are games or sports where it is mostly the player's skill that controls the outcome such as golf or bowling where each player plays against the game with the opponent facing the same game independently and under the same conditions. In these games you can't directly affect the opponent's performance. Could also be true for a video games where you play against the computer and not head to head against an opponent.

4) All Skill (lowest risk): These are games where you play head to head against an opponent and can affect the opponent's performance and you both are playing under the same conditions. These are games like chess and pool or sports like basketball.

This is just a theory on how risky betting is in some games or sports. This doesn't include betting on sports or horse racing where you are just an observer. What do you think?

those category indeed very represent all gamblers in the world but for the profesional gamblers number 2 is very suitable for them but for me may be i'm suitable for number 1 because i don't have much skill during a gamble and only rely of luck

n0ne

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I believe even if you are highly skilled luck plays a big role in all the 4 types of gambling mentioned. The risk of loss might vary between the methods.

plost24

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for all the type i think the best one is number 4 i like to gamble using only skills but the problem is the winning is so low and there is always somebody that is more skilled than you.

Herbert2020

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nice categorizing. i agree with it but with a minor change i think anything that can be categorized as gambling is not safe so you can never say it has lower risk because even in a skill based game that you are playing against an opponent they can get lucky and you lose that game.

Junko

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Interesting list. I think some might argue that poker involves relatively more skill than luck. But that probably depends on the player and their personal skill level, I guess.

Sure, luck might have a significant part, but not everyone is as you say, "at the mercy of the cards dealt." Wink

LiQuidx

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I also agree with the list you have provided... Those are the categories that betting games fall into.

Quote from: adaseb on May 11, 2016, 02:50:40 AM

I guess I somewhat agree with your list. However the last option "Lowest risk - Skill" can't really be applied to any online casino games.

Those are more for real life casinos.

It doesn't matter if it's an online or real life casino.. You are always playing against the house and when it comes to casino they will not provide you with the "Lowest risk - Skill" option.

Karpeles

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What about sport gamble?

You have no control about the outcome, but of course you can improve the odds with research and knowledge

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Strongly disagree with poker included in "Mostly chance but some skill game" category: if have an edge on your opponents if you are most skilled then them, you may lose some hands because of bad luck; you may also lose some big pots because of variance, but in the long run you would take all the money they have in their pockets if they don't stop playing or at least don't gain some skill themselves.

If it was a game of mostly luck you should explain why there are some pokerpros constantly placing in good positions in richest prizepool tournaments, why there are some high stakes pokerplayers earning millions dollars every year: are they the luckiest men/women in the world?

It's just my opinion but I would put poker in the third category: Mostly skill but some chance game

PS: never played spades so can't comment about it.

adaseb

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I guess I somewhat agree with your list. However the last option "Lowest risk - Skill" can't really be applied to any online casino games.

Those are more for real life casinos.

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Quote from: wildan88 on May 11, 2016, 02:18:04 AM

such as sports betting, I have full skill to analyze the team. but it all depends on luck, because in football anything can happen Grin

head to head game always been a favorite for me too, knowing what will be the edge of the to their opponents, I think number four would be the best one, I adore you mate for sharing your thought to us, it is correctly been observed, thank you for sharing.

Cyaren

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You can't really bet on all skill, right? I mean, there has to be some kind of chance and luck involved in sports betting.

For example your opponent today who is usually the best player in the world suddenly just gets sick and can't play well. That's pure luck.

wildan88

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such as sports betting, I have full skill to analyze the team. but it all depends on luck, because in football anything can happen Grin

bajing

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If we understand correctly and doing all of the above points with the exception of the number one, I think we would be able to control your emotions and has the potential for a bigger win when gambling. nice sharing man!

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I think you can be rich if you can gamble strategically , enough guts , and bankroll.
For example : professional poker player named Dan Bilzeran is the luckiest guy

As far as My experience, gamble with less house edge may be easier to get profit !

bitraine

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i like the all skill .
i tried it on android games but im not good either, so i play and trained first for free. one example bitcoin related games of skill is coin flapper pro.

roadbits

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Quote from: outatime1 on May 10, 2016, 07:56:03 PM

I have a theory that there are basically 4 types of gambling:

1) All Chance (highest risk): These are games that are basically all left to chance and no skill is involved such as dice or roulette.

2) Mostly Chance but some Skill: These are games like poker or spades where there is some skill involved but you are at the mercy of the cards dealt.

3) Mostly Skill but some Chance: These are games or sports where it is mostly the player's skill that controls the outcome such as golf or bowling where each player plays against the game with the opponent facing the same game independently and under the same conditions. In these games you can't directly affect the opponent's performance. Could also be true for a video games where you play against the computer and not head to head against an opponent.

4) All Skill (lowest risk): These are games where you play head to head against an opponent and can affect the opponent's performance and you both are playing under the same conditions. These are games like chess and pool or sports like basketball.

This is just a theory on how risky betting is in some games or sports. This doesn't include betting on sports or horse racing where you are just an observer. What do you think?

Yes these four points are very truthful in gambling. And these information will work out in gambling. Every one is trying to say this only even me also but we never said in detail like this we just said normally. I don't know how many of them understood that but this can easily understand every one. Very well said my mate.

Dr.Osh

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among all the type mentioned, I prefer the type that into four, namely Lowest risk. it fits very well with my personality that is always looking for profits with very little risk. it can make us produce the maximum profit with very minimal risk

Evildrum

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I would think that people that are worried about the cheating aspect would flock to husngs but do not think enough people now how to play them in a postive manner.
Like how they do not adjust their opening range as the poker table gets smaller.
So the small risk is only applies if they know how to play. May seem obvious but go to any site and you will see people not understanding the poker dynamics.

arseaboy

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Quote from: outatime1 on May 10, 2016, 07:56:03 PM

I have a theory that there are basically 4 types of gambling:

1) All Chance (highest risk): These are games that are basically all left to chance and no skill is involved such as dice or roulette.

2) Mostly Chance but some Skill: These are games like poker or spades where there is some skill involved but you are at the mercy of the cards dealt.

3) Mostly Skill but some Chance: These are games or sports where it is mostly the player's skill that controls the outcome such as golf or bowling where each player plays against the game with the opponent facing the same game independently and under the same conditions. In these games you can't directly affect the opponent's performance. Could also be true for a video games where you play against the computer and not head to head against an opponent.

4) All Skill (lowest risk): These are games where you play head to head against an opponent and can affect the opponent's performance and you both are playing under the same conditions. These are games like chess and pool or sports like basketball.

This is just a theory on how risky betting is in some games or sports. This doesn't include betting on sports or horse racing where you are just an observer. What do you think?

good point mate, and for me the number 4 would be the good one to play with, playing head to head, research and make sure that you are betting for the team that have very good chances of winnings, it is a good explanation over there mate. you observed it well and always remember gambling still a gambling.

jtipt

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This is some good information that you have provided. In my experience all the bitcoin gambling games are mostly of 'all chance'

outatime1

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I have a theory that there are basically 4 types of gambling:

1) All Chance (highest risk): These are games that are basically all left to chance and no skill is involved such as dice or roulette.

2) Mostly Chance but some Skill: These include most card games (except poker*) where there is some skill involved but you are at the mercy of the cards dealt.

3) Mostly Skill but some Chance: These are games or sports where it is mostly the player's skill that controls the outcome such as golf or bowling where each player plays against the game with the opponent facing the same game independently and under the same conditions. In these games you can't directly affect the opponent's performance. Could also be true for a video games where you play against the computer and not head to head against an opponent.

4) All Skill (lowest risk): These are games where you play head to head against an opponent and can affect the opponent's performance and you both are playing under the same conditions. These are games like chess and pool or sports like basketball.

*Poker is an exception because even though you can't control the cards being dealt, the dynamics of head to head betting (bluffing, reading the opponents tendencies, etc.) can help a skilled player win regardless of the cards dealt. Poker could be in the 4th category for very skilled players.

Sports betting where you are just an observer could vary based on whether you do research on the players, horses, etc.

This is just a theory on how risky betting is in some games or sports. What do you think?

Topic: 4 types of Gambling (UPDATED 5/11/2016) (Read 1051 times)