Topic: Few observations about luck-based games in comparison to skill-based games (2). (Read 560 times)

It sure does, because we don't really know what the results will be, we are just predicting it as close as possible to the result but it doesn't mean it's 100 percent correct. So both skill and luck should be there to able to win a bet. Well, that's only for sports betting because it's different in casino games like slots.
Everything that is happening there is based on algorithms that will given to you and most of the time they are losing streaks at the first 50 - 100 bets before we could even see that we are lucky enough to bump into a good algorithm that gives out a high amount of multipliers.

I am not going to be stereotype and say that females aren't much involved in betting or gambling, but the truth and the fact is that we have more male in this sector than females, and if we want to do our investigation properly we would discover that some of the females now involved where brought on by a male.

As every human would, we will always go for the one that our chances of winning is higher, I personally would go for a luck based game than a skilled based game especially when I have little to no idea about the skilled based game. There are people who has actually won very big from the luck based games than the skilled based games, take Lotto for example where people win millions of dollars. Also to add to this, if I had good knowledge of a game then I would go for it .

Yes, even when you have done your perfect analysis of your games, and choose your very team you've believe they will win, luck still have to be another factor that helps you in wining your games.

Foe newbies gamblers theirs are basically on luck they haven't known anything,  using myself for instance, The very first day I tried betting that's exactly the day I won my first bet and that was how the journey started,  don't even no anything, I went into a betting and choose team that I love and support to win and that was it.

Another reason why women prefer random games like slot machines that rely on luck over skill-based gambling is because as we know that most gambling is done by men, meaning gambling is more active in male environments which makes it easier for them to find various information related to strategies or other skills that can be used to increase their chances of winning when they are involved in skill-based gambling. So I think one of the reasons why women prefer luck-based gambling over skill is not because they are not patient enough but because not many women are involved in gambling compared to men so that makes women not have more interest in getting involved in skill-based games and prefer easy-to-do games such as luck-based games.

You are kind of right on this but not females I would say most females are drawn to lukc based games.. naturally women are not patient enough to learn whatever takes them a long period of time and if we are talking about sports betting in particular it's not something most women can sit down to analyze.. even the female punters on different social media platforms don't analyze their games what they do is that they pick random selections from different sites and just do a little editing...luck based games will definitely make you spend more in the long run, skilled based games would help mitigate losses

That you could have provided data instead of just stating that because you think so and that's it. As far as I can see, in one source they say that the percentage of male female gamblers is 64% to 36%, but in e-sports betting the difference would only be 3% which is not consistent with what you think.

Although in another source we see that the estimated percentage of women poker players is 15-20%, which would be in line with what you think.

And they still seem to me to be weak sources based on poor statistics, but they have more substance than what you simply think, and paint a more complex picture.

I see it more that there will be more women involved in gambling based on luck because most women are too bored at home and they want to find an activity that can occupy their free time and at the same time have the opportunity to earn money - which they think can help increase their family income. The convenience provided by the game based on luck is also an important factor, because they don't need to bother learning the rules since they only need to tap their cellphone screen.

I'd say yes, but only in terms of quantity. In the level of skill itself? It might just be males dominating right now due to the sheer number of males that we have in the first place but who knows, there might be some females out there who could dominate males, just that they don't really play as much as males. But anyway, I don't really think there's any purpose for such comparisons in the first place, just let people play their games.

As for the second question, 100% people spend more on luck-based ones. It's no surprise why lotteries have sky-high prizes. People often don't have the time to try to win something after all, only those passionate about the game themselves would actually try to do so.

It's easy to trust a team to win and feel confident in them, but the real challenge is whether they can cover the spread. The majority of bettors don't bet on the moneyline odds; they choose the point spread because it offers better odds for either team. You can bet on the underdog or the favorites to cover the spread, so even if you bet on a team that loses, as long as they cover the spread, your bet will win. This is the reality now because if you're a bettor looking to increase your chances of winning, you won't consistently bet on odds like 1.30 or below.

Yeah women aren't that care and don't give so much effort on something that they don't really interested. I think there are many women into gambling because their partner are gamblers.

Nah, luck based games are more easier, faster and have a chance to surprise you in terms of the return, unlike skill based games where you already know how big the money you could win. This is why luck based games are more popular, many people are unskilled and they want faster results.

You are right, mate. What gives some gamblers overconfidence in their bets is the level of success they have archived from their previous bets. Secondly, if a gambler trusts a team or a particular player so much that they believe that the team usually performs 90% well in all their matches, the gambler will be so confident in his bet because he feels that the team will not disappoint him, or the gambler believes that anytime a particular player is featured in a match, the team usually wins the game, which can also make a gambler so overconfident. 

Luck based games can be most addictive because it generates more profits than skilled based games in my own opinion, if only the gambler already understands the techniques involved, this takes quite some time to do and extend how much time spent on playing. Even in the lucked based games there is some series of skills to apply during the process to enable a high chances of winning, it still shows some level of skills to be implied and both are just based on luck as well.

For me, all gambling games are actually luck-based games that’s why we often lose in gambling regardless of what type of game we are playing, but the fact that the house certainly has all the edge, then if we can’t be lucky, we will have no chances to win in gambling. Even with skill-based games, experience won’t actually guarantee that you’ll win later in your game, but with luck, it does guarantee that you will definitely make good profits in the end.

I don't think there's a big difference in that factor. Luck-based or skill-based games probably just differ in chances, but if a gambler is really interested in gambling and feels challenged, they'll continue to gamble to try to find the secret to winning, hence addiction is likely possible. This doesn't focus on the kind of game but on how a gambler handles the game. If you can't control yourself, then you'll likely spend more money on gambling—simple as that.

Yeah it’s really just going to come down to gambling preference at that point. Some people don’t care to play poker because there are a lot of foundational rules and strategies that one must know where as the slot machine you crank back that know and let the numbers fly and hope you’re lucky! I would think that women in general don’t gamble as much as men do, that’s just my gut idk if that’s a real thing like the OP is saying either.

Maybe luck-based games draw more women because they are easier and do not require the same complex learning curve as skill-based games. While there has been no formal research on this, the observation is valid. However, it is also important to consider that luck-based games can make players spend more money since they are easy and luring, too so the new gambler has to mind his pocket.

And, of course, every player has their own preferences and playing style. What is most important is that one understands the risks and advantages of each type of game before deciding to get involved, and always plays with wisdom and responsibility, whichever game that may be. With a proper approach, gambling can be enjoyable while keeping it free from jeopardizing one's finances or personal well-being.

The reason for gambler to have too much of hope on their games is probably because of their previous results, if he has been winning all the time (maybe 80%) his hope on the bet will be too much, mostly if he staked with too much money. But the interesting thing is that no matter how high the gamblers hope is, he still needs luck for him to win if not his hopes will be lost when he lost the bet.

I actually think that there are more number of females who are playing skill-based games because females are known to be more intelligent than the males. It is because of their soft nature and they mostly stay indoors, so they will just use their time studying instead.

As for the males, they are known for their masculine nature, so they can only risk more money in the game and this game is usually a luck-based game like slots for example. Sots are a famous gambling game, I think it is due to its exciting gameplay. I know others are exciting too but they don't have a unique animation and sound just like the Slots game has. Slots game do also has a bonus round which other games don't have and this makes the experience more entertaining and profitable if in case our luck strikes with us.

Skill-based games might be hard to learn but they are still very rewarding once one do so and is successful with his attempts. When I say the word rewarding, I don't only mean that they are more winnable and profitable but also the feeling of accomplishment is still there.

Lastly, in terms of spending money in each type of games, I think it was in skill-based games are the ones where we can spend more money because their odds are only low, however the gamblers can still spend more money in luck-based games because wins here are much harder to hit due to their randomness and the potential of earning a massive amount of profits.

Luck is still the determining factor in every gambling games, being them sports betting or traditional casino games. You can be skilled in soccer, know all players, teams, strategies, statistics, but things can still go completely on the opposite you predicted, resulting in losses. The only game I would consider to be based on skills in gambling would be in case the gambler was the player himself, but hardly ever you will find this possibility. For an example, to bet on a chess match, where you are the bettor and also the player at same time.

From my understanding, the split between luck-based and skill-based games was a smart marketing strategy from casinos to boost their businesses and launch a new hype which is efficient gathering new customers in every layers of society. After all, most gamblers still lose on long run, doesn't matter how "skilled" they are. That is what should be taken into consideration and never neglected.

Yea, that was exactly what I was saying. Someone can have very high hope in a particular prediction, and the high hope could be as a result of their skill in making successful predictions or because of the high hope they have in the team they are betting on. This can make some gamblers stake a big amount in just one small odd, but it will be surprising how the game is going to go against the person's prediction. These examples you gave have happened to me regularly.