Does experience matter in gambling? - page 19.

freedomgo

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Quote from: Caladonian on November 13, 2017, 07:43:47 AM

Quote from: The Cryptologist on November 13, 2017, 04:05:13 AM

Discipline matters and not experience. There are a lot of gamblers that do it for more than a decade but it does not help them to always win but only the right discipline can help them to stop if that have won or lose enough.

Much better to understand that experience gamblers have already established good discipline inside their activities as time goes they needed to make sure that they will have an advantage and use that to win in each games that we played though its just luck who really permits everything.

Exactly, they can still gamble even without assurance that they will be profitable but they know how to limit the amount they spend.
Losing is part of the game and they fully understand that because of their experience and they are more discipline unlike the newbies who chase their loses.

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Quote from: just_Alice on November 13, 2017, 07:58:53 AM

Quote from: chris200x9 on November 13, 2017, 07:24:15 AM

Quote from: bitcoinmasterlord on October 25, 2017, 09:29:05 AM

Quote from: daringdiscovered on October 25, 2017, 05:55:17 AM

Quote from: Asmonist on October 24, 2017, 09:35:49 AM

Quote from: GoodOne on October 20, 2017, 08:18:56 PM

Anyone thought why roulette tables set top limits for bets?

Martingale is very popular but you have to manage "Drawdown Limit" that could be enough to cover all your losing steps. These losing steps can/will cost huge amounts

Yes. Experience will matter because gambling can be strategized. An experienced gambler already know or experience the different situations. It can be his or her advantage to formulate strategies to win that certain game. Just like in life, an experienced individual in a certain skill or task is called as an expert. If you have expertise you gain more knowledge into something.

Yeah it does matter of course, but not all of the time, sometimes, even if you are a skilled gambler, you just can't beat the house and you will find yourself the one who lose. Experience will just going to help you to make some strategies(if you are playing POKER, sports betting and etc.), also to know when to stop, because sometimes if you are going to be greedy thinking that you could win if you are going to continue and get back what you have lost is pretty naïve move.

The experience will help you to make money when you are playing gambling games, and also it will help you to save money by not losing more money, it will help you to control your emotions in gambling. When we lose money means when we lose our control on the game. So experience is matter in gambling.

Experience will not help you to make money from gambling but it can help you to stop at a right time so that you can save some money without losing all your bankroll. Remember gambling results always depends on only luck not on any method or experience and this applies to both skill-based games and luck based games.

But what about famous poker players who made millions of USD playing poker either online or in land based casinos? I think they are somehow differ from other gamblers because that's a fact that they make money with poker.

I agree with you in general because most people are not like those poker stars and indeed when they play everything depends on luck.

There are reasons I think why there are players that are in the high stakes. Probably they have sponsors to help them with the money. Rich people made investments to them and hoping they could profit from it. I think that really happens especially if it's in the T.V. shows, they make more money out of it.

just_Alice

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Quote from: chris200x9 on November 13, 2017, 07:24:15 AM

Quote from: bitcoinmasterlord on October 25, 2017, 09:29:05 AM

Quote from: daringdiscovered on October 25, 2017, 05:55:17 AM

Quote from: Asmonist on October 24, 2017, 09:35:49 AM

Quote from: GoodOne on October 20, 2017, 08:18:56 PM

Anyone thought why roulette tables set top limits for bets?

Martingale is very popular but you have to manage "Drawdown Limit" that could be enough to cover all your losing steps. These losing steps can/will cost huge amounts

Yes. Experience will matter because gambling can be strategized. An experienced gambler already know or experience the different situations. It can be his or her advantage to formulate strategies to win that certain game. Just like in life, an experienced individual in a certain skill or task is called as an expert. If you have expertise you gain more knowledge into something.

Yeah it does matter of course, but not all of the time, sometimes, even if you are a skilled gambler, you just can't beat the house and you will find yourself the one who lose. Experience will just going to help you to make some strategies(if you are playing POKER, sports betting and etc.), also to know when to stop, because sometimes if you are going to be greedy thinking that you could win if you are going to continue and get back what you have lost is pretty naïve move.

The experience will help you to make money when you are playing gambling games, and also it will help you to save money by not losing more money, it will help you to control your emotions in gambling. When we lose money means when we lose our control on the game. So experience is matter in gambling.

Experience will not help you to make money from gambling but it can help you to stop at a right time so that you can save some money without losing all your bankroll. Remember gambling results always depends on only luck not on any method or experience and this applies to both skill-based games and luck based games.

But what about famous poker players who made millions of USD playing poker either online or in land based casinos? I think they are somehow differ from other gamblers because that's a fact that they make money with poker.

I agree with you in general because most people are not like those poker stars and indeed when they play everything depends on luck.

Caladonian

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Quote from: The Cryptologist on November 13, 2017, 04:05:13 AM

Discipline matters and not experience. There are a lot of gamblers that do it for more than a decade but it does not help them to always win but only the right discipline can help them to stop if that have won or lose enough.

Much better to understand that experience gamblers have already established good discipline inside their activities as time goes they needed to make sure that they will have an advantage and use that to win in each games that we played though its just luck who really permits everything.

chris200x9

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Quote from: bitcoinmasterlord on October 25, 2017, 09:29:05 AM

Quote from: daringdiscovered on October 25, 2017, 05:55:17 AM

Quote from: Asmonist on October 24, 2017, 09:35:49 AM

Quote from: GoodOne on October 20, 2017, 08:18:56 PM

Anyone thought why roulette tables set top limits for bets?

Martingale is very popular but you have to manage "Drawdown Limit" that could be enough to cover all your losing steps. These losing steps can/will cost huge amounts

Yes. Experience will matter because gambling can be strategized. An experienced gambler already know or experience the different situations. It can be his or her advantage to formulate strategies to win that certain game. Just like in life, an experienced individual in a certain skill or task is called as an expert. If you have expertise you gain more knowledge into something.

Yeah it does matter of course, but not all of the time, sometimes, even if you are a skilled gambler, you just can't beat the house and you will find yourself the one who lose. Experience will just going to help you to make some strategies(if you are playing POKER, sports betting and etc.), also to know when to stop, because sometimes if you are going to be greedy thinking that you could win if you are going to continue and get back what you have lost is pretty naïve move.

The experience will help you to make money when you are playing gambling games, and also it will help you to save money by not losing more money, it will help you to control your emotions in gambling. When we lose money means when we lose our control on the game. So experience is matter in gambling.

Experience will not help you to make money from gambling but it can help you to stop at a right time so that you can save some money without losing all your bankroll. Remember gambling results always depends on only luck not on any method or experience and this applies to both skill-based games and luck based games.

goku1525

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Quote from: poplolnman on November 13, 2017, 04:14:22 AM

Quote from: wxxyrqa on November 10, 2017, 02:14:15 PM

Quote from: siti25 on November 10, 2017, 02:59:23 AM

Quote from: attentionSicker on November 10, 2017, 02:19:31 AM

Quote from: anastasyaa on October 31, 2017, 12:26:37 AM

Experience, in my opinion, is important in any case and in gambling too. I just doubt that this experience will help when playing roulette. Rather, there must be luck.

There are two types games in gambling. One is technical game where experience is really essential and the other one is a pure luck game where chances of winning really depend on luck.

In games that depend on luck any experience is required. But not to make you win, but for good decision making. In gambling experience is really needed, especially for games that require skill, experience is needed to read the situation to make no mistake step. Experience is required in all things.

for some gamblers it is already a mistake that they decided to play a game of chance. And it's not that someone does not fit or someone does not like gambling, but that people lose a lot more than they win. I think that this is a negative point in the career of a gambler.

just makes sense when you do have a lot of experience in gambling especially a bad experience they would prefer to stop gamble and looking for another productive activity . rather than force yourself to believe in something that doesn't makes any sense like a skill or strategy and an experience could make you have more chance to win etc. it's mean nothing for me.

I agree, . It is not bad to learn from experience it might be helpful, but the thing is gambling has an algorithm and a sequence we cant predict it, most of the time we cannot say that we experienced it before because it is hard to predict what would be happen. In fact experience is the key to success, you can feel yourself confident if you have good experience in relevant field.

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Quote from: wxxyrqa on November 10, 2017, 02:14:15 PM

Quote from: siti25 on November 10, 2017, 02:59:23 AM

Quote from: attentionSicker on November 10, 2017, 02:19:31 AM

Quote from: anastasyaa on October 31, 2017, 12:26:37 AM

Experience, in my opinion, is important in any case and in gambling too. I just doubt that this experience will help when playing roulette. Rather, there must be luck.

There are two types games in gambling. One is technical game where experience is really essential and the other one is a pure luck game where chances of winning really depend on luck.

In games that depend on luck any experience is required. But not to make you win, but for good decision making. In gambling experience is really needed, especially for games that require skill, experience is needed to read the situation to make no mistake step. Experience is required in all things.

for some gamblers it is already a mistake that they decided to play a game of chance. And it's not that someone does not fit or someone does not like gambling, but that people lose a lot more than they win. I think that this is a negative point in the career of a gambler.

just makes sense when you do have a lot of experience in gambling especially a bad experience they would prefer to stop gamble and looking for another productive activity . rather than force yourself to believe in something that doesn't makes any sense like a skill or strategy and an experience could make you have more chance to win etc. it's mean nothing for me.

The Cryptologist

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Discipline matters and not experience. There are a lot of gamblers that do it for more than a decade but it does not help them to always win but only the right discipline can help them to stop if that have won or lose enough.

wxxyrqa

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Quote from: siti25 on November 10, 2017, 02:59:23 AM

Quote from: attentionSicker on November 10, 2017, 02:19:31 AM

Quote from: anastasyaa on October 31, 2017, 12:26:37 AM

Experience, in my opinion, is important in any case and in gambling too. I just doubt that this experience will help when playing roulette. Rather, there must be luck.

There are two types games in gambling. One is technical game where experience is really essential and the other one is a pure luck game where chances of winning really depend on luck.

In games that depend on luck any experience is required. But not to make you win, but for good decision making. In gambling experience is really needed, especially for games that require skill, experience is needed to read the situation to make no mistake step. Experience is required in all things.

for some gamblers it is already a mistake that they decided to play a game of chance. And it's not that someone does not fit or someone does not like gambling, but that people lose a lot more than they win. I think that this is a negative point in the career of a gambler.

katarin2030

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Yeah, experience makes man perfect with the past experiences can take decisions in gambling, and agian luck should be there along with that.

siti25

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Quote from: attentionSicker on November 10, 2017, 02:19:31 AM

Quote from: anastasyaa on October 31, 2017, 12:26:37 AM

Experience, in my opinion, is important in any case and in gambling too. I just doubt that this experience will help when playing roulette. Rather, there must be luck.

There are two types games in gambling. One is technical game where experience is really essential and the other one is a pure luck game where chances of winning really depend on luck.

In games that depend on luck any experience is required. But not to make you win, but for good decision making. In gambling experience is really needed, especially for games that require skill, experience is needed to read the situation to make no mistake step. Experience is required in all things.

attentionSicker

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Quote from: anastasyaa on October 31, 2017, 12:26:37 AM

Experience, in my opinion, is important in any case and in gambling too. I just doubt that this experience will help when playing roulette. Rather, there must be luck.

There are two types games in gambling. One is technical game where experience is really essential and the other one is a pure luck game where chances of winning really depend on luck.

oHnK

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Quote from: LuanX3 on November 10, 2017, 01:37:24 AM

Quote from: 8Habits on October 31, 2017, 02:12:54 AM

Quote from: mirakal on October 31, 2017, 12:49:59 AM

Quote from: 8Habits on October 30, 2017, 11:10:42 PM

Quote from: alisafidel58 on October 29, 2017, 12:14:46 AM

There are some types of gambling that needs experience like when you are betting for some teams like basketball,baseball etc.
You need to have some experience in analyzing teams so that you can have a greater odds in winning.

Correct and this is the best type of gambling game that when you have more knowledge and skills, you have more chances of winning. Unlike games that are based on pure luck where skills and experienced really doesn't play a big role of your winning.

This form of gambling requires you to be smart in order to win, there is no house edge so if you have the skills you can make consistent income here.
Make sure you have a decent bankroll so you'll not wasting your time, when you are confident and you believe you can have the success then you should be ready to risk a decent amount of money for better return.

I could not agree more with you mate. I can still vividly remember, this time with trading, when I was able to get to learn how to trade wisely, I already had several winning trades but with only a few coins traded - and when I get the hang of it and deposited a good amount of bankroll and just apply what I did with small bankroll, I was able to quadruple my income in a similar amount of time.

Because that is trading, that is quite different from gambling. In gambling, no amount of skill or experience can change the outcome of any roll, and that is a fact. Unlike in trading, the more experience and skill you get, it would result to a lot more profit since trading is a from of business and the intention is really to profit. Unlike in gambling, where the only goal is to entertain one's self.

Some experience in gambling will be helping us you know for example when we are experienced. We will know when to stop or we will know that we cant win that is why we wont put alot of money in there. Alot of people know this as well but to put it in practice it will need some experience. People are not really going to put limit when they are not yet experienced

LuanX3

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Quote from: 8Habits on October 31, 2017, 02:12:54 AM

Quote from: mirakal on October 31, 2017, 12:49:59 AM

Quote from: 8Habits on October 30, 2017, 11:10:42 PM

Quote from: alisafidel58 on October 29, 2017, 12:14:46 AM

There are some types of gambling that needs experience like when you are betting for some teams like basketball,baseball etc.
You need to have some experience in analyzing teams so that you can have a greater odds in winning.

Correct and this is the best type of gambling game that when you have more knowledge and skills, you have more chances of winning. Unlike games that are based on pure luck where skills and experienced really doesn't play a big role of your winning.

This form of gambling requires you to be smart in order to win, there is no house edge so if you have the skills you can make consistent income here.
Make sure you have a decent bankroll so you'll not wasting your time, when you are confident and you believe you can have the success then you should be ready to risk a decent amount of money for better return.

I could not agree more with you mate. I can still vividly remember, this time with trading, when I was able to get to learn how to trade wisely, I already had several winning trades but with only a few coins traded - and when I get the hang of it and deposited a good amount of bankroll and just apply what I did with small bankroll, I was able to quadruple my income in a similar amount of time.

Because that is trading, that is quite different from gambling. In gambling, no amount of skill or experience can change the outcome of any roll, and that is a fact. Unlike in trading, the more experience and skill you get, it would result to a lot more profit since trading is a from of business and the intention is really to profit. Unlike in gambling, where the only goal is to entertain one's self.

8Habits

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Quote from: mirakal on October 31, 2017, 12:49:59 AM

Quote from: 8Habits on October 30, 2017, 11:10:42 PM

Quote from: alisafidel58 on October 29, 2017, 12:14:46 AM

There are some types of gambling that needs experience like when you are betting for some teams like basketball,baseball etc.
You need to have some experience in analyzing teams so that you can have a greater odds in winning.

Correct and this is the best type of gambling game that when you have more knowledge and skills, you have more chances of winning. Unlike games that are based on pure luck where skills and experienced really doesn't play a big role of your winning.

This form of gambling requires you to be smart in order to win, there is no house edge so if you have the skills you can make consistent income here.
Make sure you have a decent bankroll so you'll not wasting your time, when you are confident and you believe you can have the success then you should be ready to risk a decent amount of money for better return.

I could not agree more with you mate. I can still vividly remember, this time with trading, when I was able to get to learn how to trade wisely, I already had several winning trades but with only a few coins traded - and when I get the hang of it and deposited a good amount of bankroll and just apply what I did with small bankroll, I was able to quadruple my income in a similar amount of time.

MMA

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Quote from: MMS2017 on October 29, 2017, 01:09:32 AM

Practice and experience will make you perfect sometime we are not experienced and then we face failure that’s why the philosopher says that experience matter in each and every thing. In the gambling if a new person come into the gambling market they will even don’t know the rules of gambling then it will be very difficult to do gambling but if a person knows about gambling they can easily start the result is the last outcome of this all.

Yes experience can matter but not in all formates of gambling, because in some gambling games we do not depend on experience and skill. there we only need our luck, for example in dice games, there we do not require any special skill and a lot of experience, because in gambling games we mostly depend on our luck. If we are luck we can make money from there. While in some gambling games like sports there we must need some knowledge and experience, there gambling skill can really work.

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Quote from: 8Habits on October 30, 2017, 11:10:42 PM

Quote from: alisafidel58 on October 29, 2017, 12:14:46 AM

There are some types of gambling that needs experience like when you are betting for some teams like basketball,baseball etc.
You need to have some experience in analyzing teams so that you can have a greater odds in winning.

Correct and this is the best type of gambling game that when you have more knowledge and skills, you have more chances of winning. Unlike games that are based on pure luck where skills and experienced really doesn't play a big role of your winning.

This form of gambling requires you to be smart in order to win, there is no house edge so if you have the skills you can make consistent income here.
Make sure you have a decent bankroll so you'll not wasting your time, when you are confident and you believe you can have the success then you should be ready to risk a decent amount of money for better return.

anastasyaa

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Experience, in my opinion, is important in any case and in gambling too. I just doubt that this experience will help when playing roulette. Rather, there must be luck.

cluit

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Quote from: alisafidel58 on October 29, 2017, 12:14:46 AM

There are some types of gambling that needs experience like when you are betting for some teams like basketball,baseball etc.
You need to have some experience in analyzing teams so that you can have a greater odds in winning.

Yes, Sports gambling needs a good knowledge of that game and understanding of game. Mostly people win sports bets because of their knowledge about the game and teams. This type of betting is not fully dependent on luck rather it depends on your knowledge about the game. Here your experience and analysis do pay you off unlike dice games and casino betting which is totally about your luck.

8Habits

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Quote from: alisafidel58 on October 29, 2017, 12:14:46 AM

There are some types of gambling that needs experience like when you are betting for some teams like basketball,baseball etc.
You need to have some experience in analyzing teams so that you can have a greater odds in winning.

Correct and this is the best type of gambling game that when you have more knowledge and skills, you have more chances of winning. Unlike games that are based on pure luck where skills and experienced really doesn't play a big role of your winning.

Topic: Does experience matter in gambling? - page 19. (Read 39779 times)