Does experience matter in gambling? - page 23.

daringdiscovered

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Quote from: edisystem on October 17, 2017, 11:56:52 PM

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.

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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.

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Quote from: Viscore on October 17, 2017, 07:28:01 AM

Quote from: ethereumhunter on October 17, 2017, 06:44:45 AM

Quote from: StonedWolf on October 16, 2017, 12:04:23 PM

Quote from: wowanstrong on October 15, 2017, 03:28:55 AM

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.

Totally disagree with you !!
In fact, nobody can deny the effect of luck in gambling but I also think that experience also has an influence comparable to that of luck. Otherwise, in my opinion generally every gain comes from 40% of the luck and 60% of the experience.

maybe we can say that 40% from skill, 40% from experience and 20% from luck because experience, skills and luck is related and if we have this in one games then we have a chance to win the games. not just small money, if our luck is big and beside us while we are playing, then we have chance to win big money.

You cannot measure luck because you don't own it, but your skills you have a chance to develop it so if you really want to win you need
to learn from your mistakes and continue to explore method that will give you a consistent win.

yeah you are right and from my mistakes its the same as experience, right? because every time we are win or loss, it will be our experience and its our benefit in gambling. while we increase our skills that might be useful to us, our experience is increase also so our chance to win is more bigger than before.

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Quote from: poplolnman on October 17, 2017, 06:10:23 PM

Quote from: Ziskinberg on October 16, 2017, 06:02:59 AM

Quote from: poplolnman on October 16, 2017, 03:02:31 AM

Quote from: megynacuna on October 15, 2017, 11:38:28 PM

Quote from: mkmdoc on October 15, 2017, 10:16:53 PM

Quote from: wowanstrong on October 15, 2017, 03:28:55 AM

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.

still when you think certain games are can be predicted with certain way/analysis , gambling are gambling where the outcome are uncertain and random. you can make an accurate prediction , you need luck in the end. sometimes people think that looking for a strategy/analysis in gambling are useles, wasting time. better to do it randomly for the sake of having fun.

I would not think it's a waste of time because I know as long as I choose a game that is based on skills I have a chance to be consistent when I will continue to improve my strategy. Finding ways to win is very challenging because you will not be consistent in few tries, you will have to loss and learn from your mistakes so you will be an improve gambler but you have to determine it yourself if you are really into this kind of journey or not so you can make a timely decision to quit or continue.

hope it true and good for you if you can be so consistent . i just think it's an impossible thing for anyone to have a steady income through gambling . it's bullshit for sure. sooner or later you would have to suffering lost because of the -EV in gambling are an absolute thing that would happened. just the matter of time when it's actually come after you.

It could never be a consistent source of income because the luck that you can have can never be assured. Maybe if you have the ownership of a casino, then that's the time you're going to earn real profit without doing a single thing except managing it. If you ever have experienced owning a business, then you have an advantage over others.

poplolnman

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Quote from: Ziskinberg on October 16, 2017, 06:02:59 AM

Quote from: poplolnman on October 16, 2017, 03:02:31 AM

Quote from: megynacuna on October 15, 2017, 11:38:28 PM

Quote from: mkmdoc on October 15, 2017, 10:16:53 PM

Quote from: wowanstrong on October 15, 2017, 03:28:55 AM

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.

still when you think certain games are can be predicted with certain way/analysis , gambling are gambling where the outcome are uncertain and random. you can make an accurate prediction , you need luck in the end. sometimes people think that looking for a strategy/analysis in gambling are useles, wasting time. better to do it randomly for the sake of having fun.

I would not think it's a waste of time because I know as long as I choose a game that is based on skills I have a chance to be consistent when I will continue to improve my strategy. Finding ways to win is very challenging because you will not be consistent in few tries, you will have to loss and learn from your mistakes so you will be an improve gambler but you have to determine it yourself if you are really into this kind of journey or not so you can make a timely decision to quit or continue.

hope it true and good for you if you can be so consistent . i just think it's an impossible thing for anyone to have a steady income through gambling . it's bullshit for sure. sooner or later you would have to suffering lost because of the -EV in gambling are an absolute thing that would happened. just the matter of time when it's actually come after you.

tyKiwanuka

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#birdgang

Quote from: oHnK on October 17, 2017, 01:45:07 PM

Quote from: tyKiwanuka on October 17, 2017, 12:23:21 PM

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

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 ?

oHnK

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Quote from: tyKiwanuka on October 17, 2017, 12:23:21 PM

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

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

tyKiwanuka

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#birdgang

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

rickadone

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Quote from: oHnK on October 16, 2017, 01:30:05 PM

Quote from: StonedWolf on October 16, 2017, 12:04:23 PM

Quote from: wowanstrong on October 15, 2017, 03:28:55 AM

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.

Totally disagree with you !!
In fact, nobody can deny the effect of luck in gambling but I also think that experience also has an influence comparable to that of luck. Otherwise, in my opinion generally every gain comes from 40% of the luck and 60% of the experience.

Experience is going to help us to determine to continue or not. Sometimes we wont really know that we are already in a pinch unless we are experienced about it. If we are experienced then we will know that it is time for us to stop. When it is time to stop then we stop immediately however if we are lexx experienced then we might not want to stop

I believe no one needs experience to know when to stop or not as that requires just common sense. I have seen so many people playing for years and they have never learnt that lesson in those years. So, if that has to do with experience, how come they haven't. That has to do with being able to control your impulse and if you cannot do that from the onset, there is no way you can get it no matter how long you have gambled.

marlboroza

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Quote from: Victorycoin on October 17, 2017, 11:55:23 AM

Yes luck is indispensable in gambling, but with good enough experience one can create their own luck over and over again

This doesn't make any sense to me. I don't know from where did you get that crazy idea that you can create luck with experience but it is wrong.

Quote from: Victorycoin on October 17, 2017, 11:55:23 AM

most importantly, it takes experience to manage winnings or success

Not really, it only depends only on your decision to withdraw or not to withdraw. Experience has nothing to do with it.

Quote from: Victorycoin on October 17, 2017, 11:55:23 AM

you would easily tell an experienced player apart by their naivety and lack of self control.

I don't understand this sentence.

Victorycoin

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Quote from: StonedWolf on October 16, 2017, 12:04:23 PM

Quote from: wowanstrong on October 15, 2017, 03:28:55 AM

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.

Totally disagree with you !!
In fact, nobody can deny the effect of luck in gambling but I also think that experience also has an influence comparable to that of luck. Otherwise, in my opinion generally every gain comes from 40% of the luck and 60% of the experience.

Yes luck is indispensable in gambling, but with good enough experience one can create their own luck over and over again and most importantly, it takes experience to manage winnings or success and you would easily tell an experienced player apart by their naivety and lack of self control.

Viscore

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Quote from: ethereumhunter on October 17, 2017, 06:44:45 AM

Quote from: StonedWolf on October 16, 2017, 12:04:23 PM

Quote from: wowanstrong on October 15, 2017, 03:28:55 AM

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.

Totally disagree with you !!
In fact, nobody can deny the effect of luck in gambling but I also think that experience also has an influence comparable to that of luck. Otherwise, in my opinion generally every gain comes from 40% of the luck and 60% of the experience.

maybe we can say that 40% from skill, 40% from experience and 20% from luck because experience, skills and luck is related and if we have this in one games then we have a chance to win the games. not just small money, if our luck is big and beside us while we are playing, then we have chance to win big money.

You cannot measure luck because you don't own it, but your skills you have a chance to develop it so if you really want to win you need
to learn from your mistakes and continue to explore method that will give you a consistent win.

Bellator

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Quote from: Ziskinberg on October 16, 2017, 06:02:59 AM

Quote from: poplolnman on October 16, 2017, 03:02:31 AM

Quote from: megynacuna on October 15, 2017, 11:38:28 PM

Quote from: mkmdoc on October 15, 2017, 10:16:53 PM

Quote from: wowanstrong on October 15, 2017, 03:28:55 AM

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.

still when you think certain games are can be predicted with certain way/analysis , gambling are gambling where the outcome are uncertain and random. you can make an accurate prediction , you need luck in the end. sometimes people think that looking for a strategy/analysis in gambling are useles, wasting time. better to do it randomly for the sake of having fun.

I would not think it's a waste of time because I know as long as I choose a game that is based on skills I have a chance to be consistent when I will continue to improve my strategy. Finding ways to win is very challenging because you will not be consistent in few tries, you will have to loss and learn from your mistakes so you will be an improve gambler but you have to determine it yourself if you are really into this kind of journey or not so you can make a timely decision to quit or continue.

Experience and strategy are very important in gambling. It matters most to win the game.I can compare gambling to the reality of life the more experiences you have,the more you can consider your self as wise enough to face chalenges in life.Just like a good gambler you know your limits.

ethereumhunter

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Quote from: StonedWolf on October 16, 2017, 12:04:23 PM

Quote from: wowanstrong on October 15, 2017, 03:28:55 AM

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.

Totally disagree with you !!
In fact, nobody can deny the effect of luck in gambling but I also think that experience also has an influence comparable to that of luck. Otherwise, in my opinion generally every gain comes from 40% of the luck and 60% of the experience.

maybe we can say that 40% from skill, 40% from experience and 20% from luck because experience, skills and luck is related and if we have this in one games then we have a chance to win the games. not just small money, if our luck is big and beside us while we are playing, then we have chance to win big money.

Caladonian

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Quote from: ausbit on October 17, 2017, 06:29:19 AM

Quote from: cryptoknightt on October 14, 2017, 08:38:37 PM

Quote from: biskitop on October 14, 2017, 08:31:31 PM

no important experience in gambling, there is only regret for having lost a lot of money in gambling. but I have an interesting experience when gambling, I ever lost in the early game while gambling, but can reverse the situation in the last minute, and it's like a boon to me.

Yes, gambling is not needed experience, because the basic of gambling is depends on luck. but the experience at gambling is quite necessary to control emotions and take decisions.

There is no concept of experience in gambling and I believe this is the reason gambling has been declared evil and immoral in numerous religions. This destructive game is totally dependent on the luck of player rather than knowledge and sagacity of the gambler.

There are many case where people have gone bankrupt just by getting involved into this game. This game should be banned worldwide.

in most religious countries gambling treated as a sin but from those who have a liberty gambling is part of their enjoyment, there's no assurance
that experience will allow you to win from gambling but its useful in terms of minimizing your loses, having a good experience will let you decide
properly when you are in a worse situations.

ausbit

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Quote from: cryptoknightt on October 14, 2017, 08:38:37 PM

Quote from: biskitop on October 14, 2017, 08:31:31 PM

no important experience in gambling, there is only regret for having lost a lot of money in gambling. but I have an interesting experience when gambling, I ever lost in the early game while gambling, but can reverse the situation in the last minute, and it's like a boon to me.

Yes, gambling is not needed experience, because the basic of gambling is depends on luck. but the experience at gambling is quite necessary to control emotions and take decisions.

There is no concept of experience in gambling and I believe this is the reason gambling has been declared evil and immoral in numerous religions. This destructive game is totally dependent on the luck of player rather than knowledge and sagacity of the gambler.

There are many case where people have gone bankrupt just by getting involved into this game. This game should be banned worldwide.

marionakano

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to play you need to have experience

8Habits

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Quote from: szpalata on October 16, 2017, 02:35:33 PM

Quote from: U.S.SportsInvest on October 16, 2017, 01:44:07 PM

I think experience can definitely help. to be honest, there is always luck involved as we aren't playing the game ourselves. But with a great money management one can achieve a lot in betting. You also need to have a system which is backtested from yourself over years. If you can achieve a Yield of 5% in the long run on big markets, this is a great number.

That's right, you even need to be experienced to think of having a plan for your financial management when it comes to gambling because many that go in without a plan realize their folly later on and then start staking with a consistent bankroll afterwards. It is best if you've gained some experience about a particular game when you gamble and that coupled with a little luck can make everyone a successful gambler.

The more you learn out from your gambling, the more you will realize how to place yourself in a situation where what you are really trying to do is just to have fun and entertainment for gambling, when you are lucky it is an added bonus but that is it. If you really want to earn more money, work hard for it and build that system on how you get it and duplicate.

szpalata

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Quote from: U.S.SportsInvest on October 16, 2017, 01:44:07 PM

I think experience can definitely help. to be honest, there is always luck involved as we aren't playing the game ourselves. But with a great money management one can achieve a lot in betting. You also need to have a system which is backtested from yourself over years. If you can achieve a Yield of 5% in the long run on big markets, this is a great number.

That's right, you even need to be experienced to think of having a plan for your financial management when it comes to gambling because many that go in without a plan realize their folly later on and then start staking with a consistent bankroll afterwards. It is best if you've gained some experience about a particular game when you gamble and that coupled with a little luck can make everyone a successful gambler.

BILGPS

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yes I strongly agree with this. Experience matter in the case of gambling and all other things in life. But if you are enough experienced you will be more confident about. If you are the lucky and having experience of it I think it will be just like gold because through experience you will make an attempt at right time. Experience matters in gambling.

Topic: Does experience matter in gambling? - page 23. (Read 39779 times)