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Topic: Does experience matter in gambling? - page 87. (Read 39779 times)

legendary
Activity: 2618
Merit: 1105
March 27, 2017, 02:36:08 PM
Some of the things you dont need the experience to matter in gambling. In fact, by statistic, most of the games are designed to make you lose. So whether you play a lot or not, it does not matter the outcome in the long run. You may win 20-30times but that does not means you will be able to profit in the long run. So experience does not really count but it is more of the probability.

Very well said that most of the games are designed to make everyone lose, but there comes the role of control that stops the wave of addiction to get more out of gambling where experience is actually needed because experience is the only thing that makes you learn and remember from all your mistakes and stop you from repeating them again in future.
hero member
Activity: 1694
Merit: 541
March 27, 2017, 02:05:46 PM
There is only one way experience can help and that is to know when to fold and when to hit. You have to know when to quit. You always against the house edge though. You cannot change that. However many sites offer a reduction of the house edge and sometimes have a happy hour where it is 0%
Almost every gambler misses out in this aspect on when to get out,when you start winning you never know when to stop and you will try to win the extra bit and that is a problem everyone encounters.House edge is just a number and the plan must be to win the maximum in a short period and get out,even with a 0% house edge you will get busted if you are in a bad streak.For poker and card games you need to have experience when you are playing online ,the rest you need luck.
hero member
Activity: 3024
Merit: 745
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March 27, 2017, 01:44:16 PM
Well I think it still does,
But I don't really know how maybe in the decision that they make.

Yes it will always does matter, an experienced gambler has more chance of winning as he is more familiar of what he is playing and doing. Also in decision making, he knows what to do when he is dealing into a risky situation where he can decide very fast especially when he already went through that situation.

I don't think there is no need of any experience to gamble, completely depends on the decisions he makes. A good gambler will play according to situation because he may quit gambling when he is continuously making money.

I'm saying that if you are an experienced gambler then you had a lot of chance of winning. As you had familiarity on such games that you gamble. I know that it doesn't need to be experienced one as long as you had money or coins to gamble. But still we all know that experience is always the best teacher, don't forget that.
Experience is helpful only when you're playing skill based games, when it comes to pure luck based games experience doesn't matters. luck is something which doesn't comes from experience.

Yes it may be only helpful for games that are skill based and we know that if you are into it, that will be a great advantage for all of us. Just like many are saying about it above this post, luck based games doesn't have something to do with experience. Maybe experience is just good on how you will gamble with it.
hero member
Activity: 2520
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March 27, 2017, 01:32:46 PM
In skill games like poker and blackjack experience matters but if you take an example of dice and other pure luck based games then i don't think you will be experience.
That's all i have in mind.


Yes, experience is just applicable for those gambling games that are actually going to give you high chance of winning for having some type of analysis and will be basing on it's gamblers capacity. Dice game, roulette and other pure luck based games doesn't really require some experience for winning, the important thing there is that you had money to start gambling.
legendary
Activity: 1176
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March 27, 2017, 11:09:11 AM
Well I think it still does,
But I don't really know how maybe in the decision that they make.

Yes it will always does matter, an experienced gambler has more chance of winning as he is more familiar of what he is playing and doing. Also in decision making, he knows what to do when he is dealing into a risky situation where he can decide very fast especially when he already went through that situation.

I don't think there is no need of any experience to gamble, completely depends on the decisions he makes. A good gambler will play according to situation because he may quit gambling when he is continuously making money.

I'm saying that if you are an experienced gambler then you had a lot of chance of winning. As you had familiarity on such games that you gamble. I know that it doesn't need to be experienced one as long as you had money or coins to gamble. But still we all know that experience is always the best teacher, don't forget that.
Experience is helpful only when you're playing skill based games, when it comes to pure luck based games experience doesn't matters. luck is something which doesn't comes from experience.
Yes that is the point. If a person will do invest in sport betting sites for betting on sports then he will win if he know about the game and if he wil bet for a team about which if he will know that that team is more energetic and will win that is what we call as experience while in other gambling games like dice it is mostly depend on luck some experience may help.
That's mean those person not want to save his/her earning, why he not looking to invest in other site by doing both of that's he/she can get double income.
hero member
Activity: 882
Merit: 528
March 27, 2017, 10:00:42 AM
In skill games like poker and blackjack experience matters but if you take an example of dice and other pure luck based games then i don't think you will be experience.
That's all i have in mind.
legendary
Activity: 1470
Merit: 1002
March 27, 2017, 09:43:46 AM
Some of the things you dont need the experience to matter in gambling. In fact, by statistic, most of the games are designed to make you lose. So whether you play a lot or not, it does not matter the outcome in the long run. You may win 20-30times but that does not means you will be able to profit in the long run. So experience does not really count but it is more of the probability.
legendary
Activity: 1176
Merit: 1001
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March 27, 2017, 06:57:23 AM
Don't be fooled, experience matters as in everything else in life. The only game that is 99% based on luck is slot, with games like dice and roulette, the odds for bet types differs for a number of reasons. It takes experience to decipher a dangerous bet setup and how to take advantage of statistics in creating one's luck. What actually  stands in the way of players is not lack of some winning strategies, but the lack of experience to realise when to quit.
I think quite the opposite if you have  much experience will make you easy to stop gambling and statistics isnt related with luck but is related with strategy.  
hero member
Activity: 644
Merit: 500
March 27, 2017, 06:46:40 AM
Well I think it still does,
But I don't really know how maybe in the decision that they make.

Yes it will always does matter, an experienced gambler has more chance of winning as he is more familiar of what he is playing and doing. Also in decision making, he knows what to do when he is dealing into a risky situation where he can decide very fast especially when he already went through that situation.

I don't think there is no need of any experience to gamble, completely depends on the decisions he makes. A good gambler will play according to situation because he may quit gambling when he is continuously making money.

I'm saying that if you are an experienced gambler then you had a lot of chance of winning. As you had familiarity on such games that you gamble. I know that it doesn't need to be experienced one as long as you had money or coins to gamble. But still we all know that experience is always the best teacher, don't forget that.
Experience is helpful only when you're playing skill based games, when it comes to pure luck based games experience doesn't matters. luck is something which doesn't comes from experience.
Yes that is the point. If a person will do invest in sport betting sites for betting on sports then he will win if he know about the game and if he wil bet for a team about which if he will know that that team is more energetic and will win that is what we call as experience while in other gambling games like dice it is mostly depend on luck some experience may help.
legendary
Activity: 1064
Merit: 1000
March 27, 2017, 06:00:32 AM

there are some formats of gambling games in which your experience your skill with good knowledge and analysis also matter. for example in sports gambling you can make good result in sports gambling if you have some good experience in sports gambling.

How about asking opinion from few sportsgambler around here and see if their experience actually help? some will say that it helps however some will say that luck plays a very vital part. You can try to analyze it however in the end if luck isnt on your side then everything that you have analyzed will be in vain
legendary
Activity: 1092
Merit: 1000
March 27, 2017, 05:16:49 AM
 
There is only one way experience can help and that is to know when to fold and when to hit. You have to know when to quit. You always against the house edge though. You cannot change that. However many sites offer a reduction of the house edge and sometimes have a happy hour where it is 0%

Have you tried to play during those happy hours?  Any difference playing in a 0% edge?  I have not played in a casino that has 0% edge so I am kinda curious on how it goes.  Anyway, I do agree with you on the foldin, hitting and quitting.  Experienced people know the perfect timing to do this.
That line is good in Poker but never in sports where there is a house edge, you'll fold and quit but for sure you will be back again to gamble which
you are not sure you'll get the same outcome again. Gambling was really fun when you do not lose more often and when you only bet what you can afford to lose, your experience will only help you to minimize your loses as you will be more matured to make a timely decision when you feel you are in bad luck.

Well in gambling a lot of factors can affect the results of what you're doing during the game. Be it luck, personal mistakes, the kind of game you're playing etc. But i think experience can help you more prior to the actual.fambling game itself. Being able to handle your bankroll smartly to minimize losses and maximize winnings would be where experience would play a big part. For beginners, they sometimes tend to place bets blindly through gut feel but the longer you gamble, you'll learn how to play your bets on the safe side
there are some formats of gambling games in which your experience your skill with good knowledge and analysis also matter. for example in sports gambling you can make good result in sports gambling if you have some good experience in sports gambling.
In sports betting sports, knowldge is more enough to make money in gambling. Here gambling experience not required. A newbie can play this sports betting is they have skills in sports. But newbie can not handle slot games if he doesn't have experience. IN slot games experience not help to make money, but it will help us to save our big loss in the long run.
hero member
Activity: 630
Merit: 500
March 27, 2017, 03:53:28 AM
There is only one way experience can help and that is to know when to fold and when to hit. You have to know when to quit. You always against the house edge though. You cannot change that. However many sites offer a reduction of the house edge and sometimes have a happy hour where it is 0%

Have you tried to play during those happy hours?  Any difference playing in a 0% edge?  I have not played in a casino that has 0% edge so I am kinda curious on how it goes.  Anyway, I do agree with you on the foldin, hitting and quitting.  Experienced people know the perfect timing to do this.
That line is good in Poker but never in sports where there is a house edge, you'll fold and quit but for sure you will be back again to gamble which
you are not sure you'll get the same outcome again. Gambling was really fun when you do not lose more often and when you only bet what you can afford to lose, your experience will only help you to minimize your loses as you will be more matured to make a timely decision when you feel you are in bad luck.

Well in gambling a lot of factors can affect the results of what you're doing during the game. Be it luck, personal mistakes, the kind of game you're playing etc. But i think experience can help you more prior to the actual.fambling game itself. Being able to handle your bankroll smartly to minimize losses and maximize winnings would be where experience would play a big part. For beginners, they sometimes tend to place bets blindly through gut feel but the longer you gamble, you'll learn how to play your bets on the safe side
there are some formats of gambling games in which your experience your skill with good knowledge and analysis also matter. for example in sports gambling you can make good result in sports gambling if you have some good experience in sports gambling.
hero member
Activity: 1246
Merit: 529
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March 27, 2017, 02:13:45 AM
There is only one way experience can help and that is to know when to fold and when to hit. You have to know when to quit. You always against the house edge though. You cannot change that. However many sites offer a reduction of the house edge and sometimes have a happy hour where it is 0%

Have you tried to play during those happy hours?  Any difference playing in a 0% edge?  I have not played in a casino that has 0% edge so I am kinda curious on how it goes.  Anyway, I do agree with you on the foldin, hitting and quitting.  Experienced people know the perfect timing to do this.
That line is good in Poker but never in sports where there is a house edge, you'll fold and quit but for sure you will be back again to gamble which
you are not sure you'll get the same outcome again. Gambling was really fun when you do not lose more often and when you only bet what you can afford to lose, your experience will only help you to minimize your loses as you will be more matured to make a timely decision when you feel you are in bad luck.

Well in gambling a lot of factors can affect the results of what you're doing during the game. Be it luck, personal mistakes, the kind of game you're playing etc. But i think experience can help you more prior to the actual.fambling game itself. Being able to handle your bankroll smartly to minimize losses and maximize winnings would be where experience would play a big part. For beginners, they sometimes tend to place bets blindly through gut feel but the longer you gamble, you'll learn how to play your bets on the safe side
hero member
Activity: 3052
Merit: 606
March 27, 2017, 12:32:04 AM
There is only one way experience can help and that is to know when to fold and when to hit. You have to know when to quit. You always against the house edge though. You cannot change that. However many sites offer a reduction of the house edge and sometimes have a happy hour where it is 0%

Have you tried to play during those happy hours?  Any difference playing in a 0% edge?  I have not played in a casino that has 0% edge so I am kinda curious on how it goes.  Anyway, I do agree with you on the foldin, hitting and quitting.  Experienced people know the perfect timing to do this.
That line is good in Poker but never in sports where there is a house edge, you'll fold and quit but for sure you will be back again to gamble which
you are not sure you'll get the same outcome again. Gambling was really fun when you do not lose more often and when you only bet what you can afford to lose, your experience will only help you to minimize your loses as you will be more matured to make a timely decision when you feel you are in bad luck.
legendary
Activity: 3010
Merit: 1280
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March 26, 2017, 06:00:34 PM
There is only one way experience can help and that is to know when to fold and when to hit. You have to know when to quit. You always against the house edge though. You cannot change that. However many sites offer a reduction of the house edge and sometimes have a happy hour where it is 0%

Have you tried to play during those happy hours?  Any difference playing in a 0% edge?  I have not played in a casino that has 0% edge so I am kinda curious on how it goes.  Anyway, I do agree with you on the foldin, hitting and quitting.  Experienced people know the perfect timing to do this.
hero member
Activity: 924
Merit: 501
March 26, 2017, 04:00:23 PM
There is only one way experience can help and that is to know when to fold and when to hit. You have to know when to quit. You always against the house edge though. You cannot change that. However many sites offer a reduction of the house edge and sometimes have a happy hour where it is 0%
hero member
Activity: 798
Merit: 500
March 26, 2017, 02:24:02 PM
Well I think it still does,
But I don't really know how maybe in the decision that they make.

Yes it will always does matter, an experienced gambler has more chance of winning as he is more familiar of what he is playing and doing. Also in decision making, he knows what to do when he is dealing into a risky situation where he can decide very fast especially when he already went through that situation.

I don't think there is no need of any experience to gamble, completely depends on the decisions he makes. A good gambler will play according to situation because he may quit gambling when he is continuously making money.

I'm saying that if you are an experienced gambler then you had a lot of chance of winning. As you had familiarity on such games that you gamble. I know that it doesn't need to be experienced one as long as you had money or coins to gamble. But still we all know that experience is always the best teacher, don't forget that.
Experience is helpful only when you're playing skill based games, when it comes to pure luck based games experience doesn't matters. luck is something which doesn't comes from experience.
That may right and it is definite that in skill based game all of your winning and loses depend on your previous games you played but still even in other games in which only luck is required the experience work up to some extent as if any person will have long term experience then he will play boldly and will know the ways to play. It is also beneficial in playing.
hero member
Activity: 966
Merit: 535
March 26, 2017, 01:48:07 PM
Well I think it still does,
But I don't really know how maybe in the decision that they make.

Yes it will always does matter, an experienced gambler has more chance of winning as he is more familiar of what he is playing and doing. Also in decision making, he knows what to do when he is dealing into a risky situation where he can decide very fast especially when he already went through that situation.

I don't think there is no need of any experience to gamble, completely depends on the decisions he makes. A good gambler will play according to situation because he may quit gambling when he is continuously making money.

I'm saying that if you are an experienced gambler then you had a lot of chance of winning. As you had familiarity on such games that you gamble. I know that it doesn't need to be experienced one as long as you had money or coins to gamble. But still we all know that experience is always the best teacher, don't forget that.
Experience is helpful only when you're playing skill based games, when it comes to pure luck based games experience doesn't matters. luck is something which doesn't comes from experience.

I can only think of poker as a skill based game unless you taking bets on yourself or a game you know well. Then it's down to analyzing risk vs reward. Apparently bustabit is skill based bit who knows. To me I don't see it. Maybe Somerset here can share some light on it ? I'm actually quite interest to hear about it if it's true or not.
hero member
Activity: 826
Merit: 502
March 26, 2017, 01:16:31 PM
Its only novices that spend lots of money with the aim of winning it big in gambling, Experienced people bet small money and accumulate small profits for a long term period which they eventually use to stake it big one time.

Why spend a lot of time accumulating small profits just to stake it bit in just one time? Like they say, go home or go big. Experienced people go small normally and then go big whenever they feel like they are lucky or whatever. Their bet amount is part of their strategy.

A novice, btw, will not spend a lot of money with gambling because he's still new. He doesn't have anything yet unless he's already rich. He might not understand the mechanics of the game yet. Experienced people bet "small" but that "small" is already big to newbies.
legendary
Activity: 1540
Merit: 1016
March 26, 2017, 01:02:54 PM
It does in some games, but not every. For example, experience means a lot in poker. Poker is luck based game but you still need to have skills to hide your emotions, or even to fake them, while new players can't do that. And in games like roulette it does not matter how long you have been playing, it is only based on your luck. if you get lucky you win, if you didn't you lose, while in poker you can win even with bad hand

You can win in poker with bad hands by bluffing so if someone is experienced enough then he could pull this trick however when an expert meets an expert as well than that would be useless. They have seen countless way of identifying it so probably that kind of experience in poker wont help alot actually
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