Does experience matter in gambling? - page 58.

marlboroza

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Quote from: babsalt1975 on June 24, 2017, 04:02:21 AM

I beg to differ with those suggesting that experience doesn't matter gambling. Gambling is to a large extend due to luck. But without experience, the lick that you have can disappear in a twinkle of an eye. You can have luck and win but if you don't know when to exit, you will be tempted to continue so that you win more. This is when you will come head on with the losing streak and lose everything.

And that is why we have lots of experienced gamblers who know when to quit game(sarcasm)

Lets take one example.
Your bankroll is 0.1BTC and you want to play slots for example.
You hit something nice, lets say you win another 0.1BTC.

Now, you are saying if you withdraw that, you will withdraw it because you have experience?

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Quote from: babsalt1975 on June 24, 2017, 04:02:21 AM

I beg to differ with those suggesting that experience doesn't matter gambling. Gambling is to a large extend due to luck. But without experience, the lick that you have can disappear in a twinkle of an eye. You can have luck and win but if you don't know when to exit, you will be tempted to continue so that you win more. This is when you will come head on with the losing streak and lose everything.

How would you know what is right time to exit while playing dice game or any other pure luck based this is still mystery for all people who tried their luck. I don't think experience matter in gambling everything in gambling all about luck some times we get stop on right time and share our success stories and most of the times just blaming the gambling is not good thing.

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I beg to differ with those suggesting that experience doesn't matter gambling. Gambling is to a large extend due to luck. But without experience, the lick that you have can disappear in a twinkle of an eye. You can have luck and win but if you don't know when to exit, you will be tempted to continue so that you win more. This is when you will come head on with the losing streak and lose everything.

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Quote from: Hydrogen on June 24, 2017, 01:36:12 AM

I would say experience doesn't matter much. Every case is different and doesn't have to be consistent with previous cases. Looking for patterns or some degree of consistency can be bad sometimes. What worked yesterday won't necessarily work today and vice versa.

It doesnt matter at all if you only play luck based game. In the end the result should be random , that is why you dont have to have any experience at all. Nothing is going to change the result, if you are determined to lose then you will lose. If it is your luck to win then you are going to win the game no matter what

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Quote from: Distinctin on June 03, 2017, 01:05:50 AM

Quote from: eann014 on June 02, 2017, 10:58:35 PM

Yes, I think experience in gambling matters at all. Once you have already an experience in gambling we already know the risk and we know that we can't win all the time. So once you play again you need to know your limitations. For me, experience really matters so that for the next time we play we know how to deal with it.

Experience will make you clever, we know how risky gambling is but it could help us to manage our emotion and we will not
gonna lose an amount that were not suppose to be for gambling. Winning is what we are aiming but seems like it is hard to do it consistently
but with experience we will understand what our chances are.

That's true because if we have an experience in gambling, we already know how much money that we need to use that we just can afford to lose, because if we have no experience at all and it is your 1st time to play in gambling for sure all your money will lose in no time because if you hooked easily you will really attached in the game and get addicted into it.

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Quote from: Hydrogen on June 24, 2017, 01:36:12 AM

I would say experience doesn't matter much. Every case is different and doesn't have to be consistent with previous cases. Looking for patterns or some degree of consistency can be bad sometimes. What worked yesterday won't necessarily work today and vice versa.

May be you are right, but i am disagree with you. Because only few games are not necessary experience but if we talk about sports betting, then i don't think that we could play it without experience. In sports betting 99% experience matter. But it is my experience of sports betting. I don't think that what you have experience of gambling or sports betting.

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I would say experience doesn't matter much. Every case is different and doesn't have to be consistent with previous cases. Looking for patterns or some degree of consistency can be bad sometimes. What worked yesterday won't necessarily work today and vice versa.

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Quote from: klf on June 23, 2017, 11:51:43 PM

Quote from: Jasad on June 23, 2017, 05:06:57 PM

Quote from: duranv on June 22, 2017, 11:53:06 PM

No, experience doesn't matter in games of chance like dice and slot machines, now if there is a certain skill required, then yes experience helps.

But maybe the experience will help you in managing your finances, and it can be included in managing finances to play in some games that do not require. I always thought that managing finances was part of the gamble, so I think the experience would be helpful in any game.

Managing your bankroll may help to reduce your losses but it will not give you any guaranty to win money. To win money from gambling you just need to be lucky then without experience also you can make money. All those skills and experiences are good to reduce losses so don't gamble to make a money instead just gamble for fun.

The reality is most gamblers loses in the long run but if you are discipline you could be successful and one essence of being successful is the ability to control yourself and since money is what we need in order to gambler, we are required to learn to manage our finances which we call it as bankroll management. It's one of the most important which most gamblers neglected, it's useless if you win most of the time but you are poor in bankroll management since you will still end up losing.

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Quote from: Jasad on June 23, 2017, 05:06:57 PM

Quote from: duranv on June 22, 2017, 11:53:06 PM

No, experience doesn't matter in games of chance like dice and slot machines, now if there is a certain skill required, then yes experience helps.

But maybe the experience will help you in managing your finances, and it can be included in managing finances to play in some games that do not require. I always thought that managing finances was part of the gamble, so I think the experience would be helpful in any game.

Managing your bankroll may help to reduce your losses but it will not give you any guaranty to win money. To win money from gambling you just need to be lucky then without experience also you can make money. All those skills and experiences are good to reduce losses so don't gamble to make a money instead just gamble for fun.

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Quote from: 8Habits on June 23, 2017, 07:42:17 PM

Quote from: Jasad on June 23, 2017, 05:06:57 PM

Quote from: duranv on June 22, 2017, 11:53:06 PM

No, experience doesn't matter in games of chance like dice and slot machines, now if there is a certain skill required, then yes experience helps.

But maybe the experience will help you in managing your finances, and it can be included in managing finances to play in some games that do not require. I always thought that managing finances was part of the gamble, so I think the experience would be helpful in any game.

Managing finances is one of the many strategies on gambling. We need to master many in order to mitigate risks. There is no guarantee to win all of the time when we have strategies in place but we mitigate risks and have more chances of winning than losing compared to no strategy at all.

In gambling terminologies we called that as bankroll management, usually it will be applicable based on what I read in sports betting or sports gambling. Once you have a good amount of bankroll and you were able to manage it well, it will enable you to stay in the game and you can have more fun as well.

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Quote from: Jasad on June 23, 2017, 05:06:57 PM

Quote from: duranv on June 22, 2017, 11:53:06 PM

No, experience doesn't matter in games of chance like dice and slot machines, now if there is a certain skill required, then yes experience helps.

But maybe the experience will help you in managing your finances, and it can be included in managing finances to play in some games that do not require. I always thought that managing finances was part of the gamble, so I think the experience would be helpful in any game.

Managing finances is one of the many strategies on gambling. We need to master many in order to mitigate risks. There is no guarantee to win all of the time when we have strategies in place but we mitigate risks and have more chances of winning than losing compared to no strategy at all.

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Quote from: duranv on June 22, 2017, 11:53:06 PM

No, experience doesn't matter in games of chance like dice and slot machines, now if there is a certain skill required, then yes experience helps.

But maybe the experience will help you in managing your finances, and it can be included in managing finances to play in some games that do not require. I always thought that managing finances was part of the gamble, so I think the experience would be helpful in any game.

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Quote from: crwth on June 22, 2017, 03:48:06 AM

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Quote from: mrjoy15 on June 22, 2017, 01:55:16 AM

Quote from: slackcryptoz on June 22, 2017, 01:41:25 AM

Everywhere experience matters big, with gambling the experience might help to predict the outcome of the game and in the same manner on other things the experience helps in some other form. More the experience better will be our earning and living standards.

Absolutely right, Although there's a lot of depends on your luck, but when talking about the experience it also play an important role. Do Prepare to Lose; Do Have a Fixed Budget; Do Use Appropriate Stakes is all dependent on the experience. Ultimately If you're not an experienced gambler, then you can't avoid the lose.

Follow what the professional gamblers are doing, they are not successful in just a short period of time, they made a long journey because they develop their skills. Experience for me is very important because it will make you more clever and stay compose when under pressure in gambling, there are times that you really have a bad day but with experience you know you have to stop for a moment and cool down, it will minimize your loses.

Experience does matter for we already knew what may happen in some situation that seems familiar, we will be able to stop when random loses occurs. And we will know what to do if ever same situation happens that we need to control ourselves in playing.

That's obvious already. There are a lot of people who thinks that you don't need experience in gambling, but you really do because there are a lot of cases that you might need to remember what to do and you would do it in a good way. It's the attitude that is needed.

Very true, it is basically gambling is a game. Where are those who already have experience in the game, would have been much more understanding and understanding about what they know. Because an experience will certainly give us the way to be able to get a victory and a great advantage, but you need to know. That experience alone is not enough, we must be able to control himself and also set up a strategy in order to get a good game experience and

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Quote from: duranv on June 22, 2017, 11:53:06 PM

No, experience doesn't matter in games of chance like dice and slot machines, now if there is a certain skill required, then yes experience helps.

Experience is nothing but just remembering what had happened when you were trying something. So, I would never agree that some types of gambling which are just based on luck/chances will never require the usage of experiences. Because experience will help any where and hence in those types of gambling too.

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Quote from: duranv on June 22, 2017, 11:53:06 PM

No, experience doesn't matter in games of chance like dice and slot machines, now if there is a certain skill required, then yes experience helps.

and I think in gambling you have both the skill, if you want to play dice game and other slots game or lottery you do not need for any skill or experience, but if you are playing gambling on sports, car racing, or horse racing then in such case your must need experience and gambling skill along with some good knowledge where you are interested to bet. for example If you have selected Australian cricket team you must now about the whole team as well as about the players individually.

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In games where you have the control of most things, experience do matter. One example is poker. In poker, there will be people bluffing, there would be people with shaky hands and obvious emotions. There will also be people that have no facial reactions at all times and do know how to scare people away so they will all fold. Experience matter in those games because not only the cards are needed but also you can win the game by controlling the bet amount. You can pretend to have low cards and just do a check or call everytime. And you can also pretend to have high cards, bet high, and scare away your opponents.

Experience don't matter in gambling games like bust games, dice games, roulette, etc.

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Quote from: panjul07 on June 22, 2017, 10:43:56 AM

Quote from: blockman on June 22, 2017, 08:01:01 AM

Quote from: slackcryptoz on June 22, 2017, 01:41:25 AM

Everywhere experience matters big, with gambling the experience might help to predict the outcome of the game and in the same manner on other things the experience helps in some other form. More the experience better will be our earning and living standards.

In dice game do you think experience matters? There are some games who are not requiring any background or knowledge in gambling. As most of them needs experience to earn.

Of course experience matters in all type of gambling. In this case in dice game, experiences will teach you on how to face on some conditions whether you are in a lost or in a big win. With no experiences you may fall in a regret,, Even though dice is the simplest game, but not all players knows about how to play dice wisely. Experiences still needed, no doubt about it.

That's the way on dice game will help you if you are an experienced gambler. Because it's either you will have the courage to face the risk and no more no less. There are newbies that has the will power and they can take to face the risks and attain to take loses.

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No, experience doesn't matter in games of chance like dice and slot machines, now if there is a certain skill required, then yes experience helps.

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Quote from: piloder on June 22, 2017, 11:24:30 PM

Quote from: iram3130 on June 22, 2017, 11:01:43 AM

Experience does matter in many aspects of gambling. If you're playing in dice or slots them experience will be used on how to handle situations, in sports betting experience and knowledge will make your decisions stronger. I guess experience is something which you need everywhere in life.

What is the use of experience in dice and slot games? I think they are purely a luck based game. However it is true that experience and knowledge means a lot in sports betting and other skill based games.

Experience will help you to control yourself in gambling and to bet only based on the amount you budgeted.
Smart gamblers knows how to treat different kind of games, when it's luck based it should only be played for entertainment.

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Quote from: iram3130 on June 22, 2017, 11:01:43 AM

Experience does matter in many aspects of gambling. If you're playing in dice or slots them experience will be used on how to handle situations, in sports betting experience and knowledge will make your decisions stronger. I guess experience is something which you need everywhere in life.

What is the use of experience in dice and slot games? I think they are purely a luck based game. However it is true that experience and knowledge means a lot in sports betting and other skill based games.

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