Yes experience is the key here in gambling, for this I say from personal experience, and that is sport gambling.
Off course that they are some matches that you dont want to play, but with some experience you will know when is that moment.
Topic: Does experience matter in gambling? - page 22. (Read 39779 times)
i guess experience is not really a big help in roulette and dice game. though in gambling we need experience for money matter but the game itself, what we need is luck if we are talking about dice game and roulette.
Experience helps us make a better money management plan and limit ourselves with the spending. Another thing the continued involvement will help us make better analysis about the events and and make closer predictions. Altogether experience plays 50% while the rest happens on the luck one holds.
No, it doesn't! As it is just pure luck, no skill
I bet to disagree my friend because I think there are some games that needs skills like playing poker and majong, if you do not know how to read your opponents card then you will lose in this kind of game luck is just 20% and the rest is skills. 
No, it doesn't! As it is just pure luck, no skill
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
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
I think yes. Gambling is more on analysis and techniques i tink. You to be careful in deciding to bet or not. But for those who are new, theres what they say “beginners luck”. That just for the first time you gamble. But on the long run, you have to be wise enough.
You can't get profit in long run in starting the reason it is called beginners luck it is because you are new and house edge doesn't know your habits once it start realising your techniques you will lose gambling for long run and making profit is impossible Losses are always tough to swallow, but any "gambler" who knows his stuff and sticks to his rules, won't lose sleep over some losses, because he knows he can beat the market longterm. He won't even chase losses. He will just believe in himself and his system and grind along.
We want to win some money when we play that is why we hate to lose. If we play for money then it is going to be everything that we think about. If we play for fun then we are not going to bother that. Either if we win or lose, we dont really care because the purpose that we play is to have some fun. Atleast that is what my experience taught me
But in my perspective, to accept losses you must be an experienced gambler so that you can move off your losses and you can come back the next day as a new gambler to face new consequences from your gambling. I mean to say that kind of matured mentality will be possible for any gambler only after handsome amount of experience.
Losses are always tough to swallow, but any "gambler" who knows his stuff and sticks to his rules, won't lose sleep over some losses, because he knows he can beat the market longterm. He won't even chase losses. He will just believe in himself and his system and grind along.
Experience is really matter on some type of gambling like poker, blackjack and sportsbook. If you just bet random on this type of gambling, you will lose easily for sure but there are also many type of gambling that no need experience at all.
There is no experience that can assist you to win in some of these games you have mentioned and 99% of it is still based on luck and not experience. The only place experience can help is to know when to stop which to me is something should have even be built right from the onset.Once you lose, you accept and move on rather than trying to play huge amount to quickly try your luck on recovering your losses. Anything that gives me huge palpitations in the first place, scares me like shit.
Because, in beginning days no gambler will want to lose their hard earned money that is the reason they are all chasing their losses and then losing big eventually.
Experience can sometimes be useful in games like poker or sports betting, but still a high probability of success depends on luck, not on years of experience.
People think we can make fortunes with the experience they have in gambling, but it is completely wrong because they should understand gambling is completely based on luck.
In as much as i agree with you that experience doesn't guarantee gambling success, i also disagree that gambling is completely based on luck because some gambling games can be predicted with common sense and critical analysis. I'm a regular with sports bets and i have a great contro;l over my games and i manage wins every now and then with my insight.
In gambling, i play poker game. The experience is very matter on what i will do. Because poker requires analysis and memory. Poker gambling carelessly is tantamount to giving away money for free.
I think poker is a game that is more dependent on skill than luck. Luck on poker usually comes at a precarious time, but overall game skill is more needed than luck. So experience can work on poker because we must be able to analyze based on the situation and experience we have ever got.
Experience is really matter on some type of gambling like poker, blackjack and sportsbook. If you just bet random on this type of gambling, you will lose easily for sure but there are also many type of gambling that no need experience at all.
There is no experience that can assist you to win in some of these games you have mentioned and 99% of it is still based on luck and not experience. The only place experience can help is to know when to stop which to me is something should have even be built right from the onset.Once you lose, you accept and move on rather than trying to play huge amount to quickly try your luck on recovering your losses. Anything that gives me huge palpitations in the first place, scares me like shit.
Experience is really matter on some type of gambling like poker, blackjack and sportsbook. If you just bet random on this type of gambling, you will lose easily for sure but there are also many type of gambling that no need experience at all.
Experience gives you the advantage on the games that you have mentioned, but not in all the games you could apply the experience for you to win most of the time, because the luck still play the biggest role in gambling against the house. Also experience could help you to minimize your losses, in short you know how to control yourself because you knew that if you are not going to control yourself, you are going to lose all of your money on gambling.
I just don't see how could experience give you an advantage in blackjack.
I mean, there are set of rules that you should be playing at, and even in this set of rules you are losing at the long run to the house.
The only I could be thinking is that if the house is playing blackjack with one deck, if you are counting cards then you are having a slightly advantage over the house, and that's also the only way to make money off blackjack betting.
Unfortunately there are no house that will play blackjack with only 1 deck. If they do then they are going to shuffle it everytime we have dealt the card. The house is not going to give us advantage. I dont really expect any house to give advantage to the player but we know that this kind of thing is happening once in a while through some bonus
Why would you even place a bet if you expected to lose? Negative "(E)xpected" (V)alue means you expect to lose some value ---> avoid placing wagers that you expect to lose ---> experience should teach you that!
That statement is wrong, value is value, no matter the odds. If I can get Celtic Glasgow today to win against Bayern Munich with odds of lets say 5000, I will place that bet - although I expect to lose this bet.
Experience can sometimes be useful in games like poker or sports betting, but still a high probability of success depends on luck, not on years of experience.
People think we can make fortunes with the experience they have in gambling, but it is completely wrong because they should understand gambling is completely based on luck.
Is it "lucky" that the sun will rise in the morning?
In as much as i agree with you that experience doesn't guarantee gambling success, i also disagree that gambling is completely based on luck because some gambling games can be predicted with common sense and critical analysis. I'm a regular with sports bets and i have a great contro;l over my games and i manage wins every now and then with my insight.
I agree here. The more experienced we are and the more we understand the math behind our decisions the better our predictions will be---> like predicting the sun will rise in the morning.
If Pee-Wee Herman and Floyd Mayweather were in a boxing match ---> there's not much luck in predicting the winner. That's where experience comes into play. The more you know, the better you will do.
All you have to do is win more than you lose to be a profitable player.
Why would you even place a bet if you expected to lose? Negative "(E)xpected" (V)alue means you expect to lose some value ---> avoid placing wagers that you expect to lose ---> experience should teach you that!
Experience helps, but being experienced doesn't mean you are a winning player. I know a lot of people, who are well experienced, but fail to win anything long-term.
My Top5 for becoming a winning player (I am talking sportsbetting and Poker, the rest are losing games anyway):
- Understanding the concept of value
- Follow strict moneymanagement
- Specialising on a certain/league/game
- Having the right mindset, motivation, dedication
- Never stop learning, these are fast moving markets
My Top5 for becoming a winning player (I am talking sportsbetting and Poker, the rest are losing games anyway):
- Understanding the concept of value
- Follow strict moneymanagement
- Specialising on a certain/league/game
- Having the right mindset, motivation, dedication
- Never stop learning, these are fast moving markets
If you can prove that this winning strategy is going to work then alot of people will follow your way. Either way anyone is free to express their opinion but I think that it is useless to play for profit with all those effort we are still going to lose. That is why the best method is to play for fun so that we dont really have to worry about winning or losing anymore
Everybody can prove it to himself by just strictly following the points mentioned. I know a few people who gamble (I wouldn't call it gambling, but lets leave it as that for this discussion) for a living, they all follow these rules. Problem is, most people are not able to follow them. They fail for various reasons, but most are not able to get #1 and #2 right, which are the most important ones.
Do you understand the concept of value ?
Experience helps, but being experienced doesn't mean you are a winning player. I know a lot of people, who are well experienced, but fail to win anything long-term.
My Top5 for becoming a winning player (I am talking sportsbetting and Poker, the rest are losing games anyway):
- Understanding the concept of value
- Follow strict moneymanagement
- Specialising on a certain/league/game
- Having the right mindset, motivation, dedication
- Never stop learning, these are fast moving markets
My Top5 for becoming a winning player (I am talking sportsbetting and Poker, the rest are losing games anyway):
- Understanding the concept of value
- Follow strict moneymanagement
- Specialising on a certain/league/game
- Having the right mindset, motivation, dedication
- Never stop learning, these are fast moving markets
If you can prove that this winning strategy is going to work then alot of people will follow your way. Either way anyone is free to express their opinion but I think that it is useless to play for profit with all those effort we are still going to lose. That is why the best method is to play for fun so that we dont really have to worry about winning or losing anymore
Everybody can prove it to himself by just strictly following the points mentioned. I know a few people who gamble (I wouldn't call it gambling, but lets leave it as that for this discussion) for a living, they all follow these rules. Problem is, most people are not able to follow them. They fail for various reasons, but most are not able to get #1 and #2 right, which are the most important ones.
Do you understand the concept of value ?
Experience helps, but being experienced doesn't mean you are a winning player. I know a lot of people, who are well experienced, but fail to win anything long-term.
My Top5 for becoming a winning player (I am talking sportsbetting and Poker, the rest are losing games anyway):
- Understanding the concept of value
- Follow strict moneymanagement
- Specialising on a certain/league/game
- Having the right mindset, motivation, dedication
- Never stop learning, these are fast moving markets
My Top5 for becoming a winning player (I am talking sportsbetting and Poker, the rest are losing games anyway):
- Understanding the concept of value
- Follow strict moneymanagement
- Specialising on a certain/league/game
- Having the right mindset, motivation, dedication
- Never stop learning, these are fast moving markets
If you can prove that this winning strategy is going to work then alot of people will follow your way. Either way anyone is free to express their opinion but I think that it is useless to play for profit with all those effort we are still going to lose. That is why the best method is to play for fun so that we dont really have to worry about winning or losing anymore
Everybody can prove it to himself by just strictly following the points mentioned. I know a few people who gamble (I wouldn't call it gambling, but lets leave it as that for this discussion) for a living, they all follow these rules. Problem is, most people are not able to follow them. They fail for various reasons, but most are not able to get #1 and #2 right, which are the most important ones.
Do you understand the concept of value ?
Experience is really matter on some type of gambling like poker, blackjack and sportsbook. If you just bet random on this type of gambling, you will lose easily for sure but there are also many type of gambling that no need experience at all.
Experience gives you the advantage on the games that you have mentioned, but not in all the games you could apply the experience for you to win most of the time, because the luck still play the biggest role in gambling against the house. Also experience could help you to minimize your losses, in short you know how to control yourself because you knew that if you are not going to control yourself, you are going to lose all of your money on gambling.
I just don't see how could experience give you an advantage in blackjack.
I mean, there are set of rules that you should be playing at, and even in this set of rules you are losing at the long run to the house.
The only I could be thinking is that if the house is playing blackjack with one deck, if you are counting cards then you are having a slightly advantage over the house, and that's also the only way to make money off blackjack betting.
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