GAMBLING: Skill-based vs. Chance-based

Saint-loup

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Quote from: blockman on October 05, 2021, 02:50:12 PM

Quote from: Saint-loup on October 04, 2021, 06:38:40 PM

Quote from: blockman on October 04, 2021, 06:16:28 PM

There are those people that can be categorized like that and they're just doing it for fun, truly. Well, I envy them if they can spend that much money and they have a huge budget that they can afford to lose and do that again as much as they can.
It's a combination of the two factors and if you're good at skill based, you can really make a lot if you formulate a strategy that can be made through it. You just need to be consistent and don't need to be greedy at all times so you stay in the game for so long.

You don't need to have a huge budget for that. You can also making it with a small budget if you have a good bankroll management, you just need to evaluate what are your real chances to win, what are the odds offered by the game and to choose the most suitable stake in relation to that.

Yes, but about having a huge amount for our own bankroll, there really are those folks that can manage that as easy as they can because they have access to their larger funds.

Quote from: KTChampions on October 05, 2021, 12:29:49 PM

I don’t think there is anything to envy, if the result of the game is not important for them, then they don’t feel any emotions (the main goal of gambling). If we are talking about the game as training, then for this, as it was already written to you, you really do not need a large budget, sometimes you can even hone your game skills simply by playing "for fun", although this is really different from playing for money.

It's just about having funds and those gamblers that have the higher bankroll, they're like free folks that can do anything that they can and they can do more. While we don't have that much, we have to be better and grow that small balance we have.

You're wrong blockman, people with higher bankrolls will bet bigger stakes because they don't care to win 10 000 satoshis when they have a balance of 10 BTC. On platforms where I have a bigger balance, I gamble bigger amounts and I get exactly the same issues at the end if I lose.
The minimum amount for stakes is usually pretty low at casinos, then even poorest people can gamble with small budgets.

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Quote from: michellee on October 04, 2021, 02:31:05 AM

Quote from: kawetsriyanto on October 03, 2021, 06:35:39 PM

Quote from: michellee on October 02, 2021, 11:30:31 PM

Gambling is not an instant way to get rich, but gambling can be your instant way to get poor because of losing money.

It really can happen if the gambler has no good self-control and use inappropriate way in gambling. That's why a gambler must be aware of the risks in gambling and choose the right way to avoid huge losses + addictions. In this matter, both skill-based and chance-based games have the same risks leading people to get poor instantly. If someone is too obsessed with being rich through gambling, he probably ends up losing all money and be stressed. In reality, I have seen many gamblers who ended with bad stories.

A gambler who is often playing gambling can have a big obsession to win much money from gambling. But that can prevent by having control over himself to prevent his mind from thinking about his obsession. Self-control will indeed be a must-have for every gambler to prevent anything from becoming worse without controlling it. As long as he does not lose control over himself, he will be okay playing gambling and not worry about losing big money because he will have a chance to prevent that thing happens.

Gradually the process of self-control can be mastered by every gambler who realizes that gambling must save them from being destroyed. We can also do that but not regularly. Usually, the gambler is too aggressive when he has been given consecutive wins and ignores his self-control until it ends in defeat.

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Quote from: Saint-loup on October 04, 2021, 06:38:40 PM

Quote from: blockman on October 04, 2021, 06:16:28 PM

There are those people that can be categorized like that and they're just doing it for fun, truly. Well, I envy them if they can spend that much money and they have a huge budget that they can afford to lose and do that again as much as they can.
It's a combination of the two factors and if you're good at skill based, you can really make a lot if you formulate a strategy that can be made through it. You just need to be consistent and don't need to be greedy at all times so you stay in the game for so long.

You don't need to have a huge budget for that. You can also making it with a small budget if you have a good bankroll management, you just need to evaluate what are your real chances to win, what are the odds offered by the game and to choose the most suitable stake in relation to that.

Yes, but about having a huge amount for our own bankroll, there really are those folks that can manage that as easy as they can because they have access to their larger funds.

Quote from: KTChampions on October 05, 2021, 12:29:49 PM

I don’t think there is anything to envy, if the result of the game is not important for them, then they don’t feel any emotions (the main goal of gambling). If we are talking about the game as training, then for this, as it was already written to you, you really do not need a large budget, sometimes you can even hone your game skills simply by playing "for fun", although this is really different from playing for money.

It's just about having funds and those gamblers that have the higher bankroll, they're like free folks that can do anything that they can and they can do more. While we don't have that much, we have to be better and grow that small balance we have.

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Quote from: blockman on October 04, 2021, 06:16:28 PM

There are those people that can be categorized like that and they're just doing it for fun, truly. Well, I envy them if they can spend that much money and they have a huge budget that they can afford to lose and do that again as much as they can.
It's a combination of the two factors and if you're good at skill based, you can really make a lot if you formulate a strategy that can be made through it. You just need to be consistent and don't need to be greedy at all times so you stay in the game for so long.

I don’t think there is anything to envy, if the result of the game is not important for them, then they don’t feel any emotions (the main goal of gambling). If we are talking about the game as training, then for this, as it was already written to you, you really do not need a large budget, sometimes you can even hone your game skills simply by playing "for fun", although this is really different from playing for money.

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Quote from: Shasha80 on October 04, 2021, 08:10:23 PM

What you say makes a lot of sense, it seems there is an algorithm setting to give more wins to newbies. Because I did feel it myself, after playing
for a long time in one gambling place, I did experience more losses. Therefore sometimes I am always excited to try new gambling places, in addition
to getting a bonus when I first join, the chances of winning are also greater. But I don't know if it applies to everyone, or maybe it just happened to me.

Welcome win Grin

and when they see that the player is already engaged, losing streak will start to show up.

Though there's no proven information about that, more on self assumptions, there are gamblers who managed to win when playing with
new website or when they are new to the house.

Some take the profits in good way while other out of greed thinks that they have always the chance to keep on winning.

Eventually they will lose and will keep on losing a lot.

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Quote from: dustboy on October 05, 2021, 03:30:22 AM

Quote from: michellee on October 04, 2021, 09:12:50 PM

Quote from: Shasha80 on October 04, 2021, 08:10:23 PM

What you say makes a lot of sense, it seems there is an algorithm setting to give more wins to newbies. Because I did feel it myself, after playing
for a long time in one gambling place, I did experience more losses. Therefore sometimes I am always excited to try new gambling places, in addition
to getting a bonus when I first join, the chances of winning are also greater. But I don't know if it applies to everyone, or maybe it just happened to me.

It could be there as we do not know if there is an algorithm setting for newbies to win or not. But newbies can win easily in any gambling game, whether it is skill-based or chance-based gambling games. Out of that, we should not rely on that our luck will stay beside us every time we try new gambling games. But not many newbies will get their luck to come to them the first time they try new gambling games.

Believing that newbies can win easily or get higher chance to win is a gambler fallacy. It may mislead people out there who have never tried gambling, as they may think or have a big hope that they will win on their first try. I know many people think or feel the same, but in fact they do not understand that the more time and money you spend in gambling, the higher chance for them to get busted.

Maybe we think like that because we do not have that experience winning in gambling when we are newbies. But we do not know if newbies have that experience, but they do not tell many people about winning in the gambling for their first time. It is right if you say that the more time and money you spend on gambling, you will have a higher chance to lose the money as that can impact many things inside yourself.

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<...>

do you see any other games that are more based in skill than in lucky?

Black jack and Baccarat.. These card games would fit out on that criteria which means that it do involves skill not as much as hard as Poker though but still on that same category.

Actually there are few people who do stick out with these kind of games because not all would really be that interested and only some people and they do prefer most games which are luck based ones.

haven't even heard of Baccarat before so I went to google and searched for it
really interesting, I'm always impressed on how many possibilities we can have with a simple pack of cards
thousands of possible games to be played

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Quote from: dustboy on October 05, 2021, 03:30:22 AM

Quote from: michellee on October 04, 2021, 09:12:50 PM

Quote from: Shasha80 on October 04, 2021, 08:10:23 PM

What you say makes a lot of sense, it seems there is an algorithm setting to give more wins to newbies. Because I did feel it myself, after playing
for a long time in one gambling place, I did experience more losses. Therefore sometimes I am always excited to try new gambling places, in addition
to getting a bonus when I first join, the chances of winning are also greater. But I don't know if it applies to everyone, or maybe it just happened to me.

It could be there as we do not know if there is an algorithm setting for newbies to win or not. But newbies can win easily in any gambling game, whether it is skill-based or chance-based gambling games. Out of that, we should not rely on that our luck will stay beside us every time we try new gambling games. But not many newbies will get their luck to come to them the first time they try new gambling games.

Believing that newbies can win easily or get higher chance to win is a gambler fallacy. It may mislead people out there who have never tried gambling, as they may think or have a big hope that they will win on their first try. I know many people think or feel the same, but in fact they do not understand that the more time and money you spend in gambling, the higher chance for them to get busted.

It is a total fallacy and more like just a very nice publicity or promotion by the gambling site, it will always be different to all and it will always be a 50/50 scenario. Though other may say skill based is different to chance base the risk will still be there no matter what but more likely gonna be less if you're really confident on your skill in that particular game.

dustboy

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Quote from: michellee on October 04, 2021, 09:12:50 PM

Quote from: Shasha80 on October 04, 2021, 08:10:23 PM

What you say makes a lot of sense, it seems there is an algorithm setting to give more wins to newbies. Because I did feel it myself, after playing
for a long time in one gambling place, I did experience more losses. Therefore sometimes I am always excited to try new gambling places, in addition
to getting a bonus when I first join, the chances of winning are also greater. But I don't know if it applies to everyone, or maybe it just happened to me.

It could be there as we do not know if there is an algorithm setting for newbies to win or not. But newbies can win easily in any gambling game, whether it is skill-based or chance-based gambling games. Out of that, we should not rely on that our luck will stay beside us every time we try new gambling games. But not many newbies will get their luck to come to them the first time they try new gambling games.

Believing that newbies can win easily or get higher chance to win is a gambler fallacy. It may mislead people out there who have never tried gambling, as they may think or have a big hope that they will win on their first try. I know many people think or feel the same, but in fact they do not understand that the more time and money you spend in gambling, the higher chance for them to get busted.

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Quote from: madnessteat on October 04, 2021, 10:00:57 PM

Quote from: TheEconomists on October 04, 2021, 03:27:13 PM

I believe whether skill-based it is all the game of chance and one should not think she or he is skilled enough not to loose money in playing gambling. All gambling is a game of chance in my opinion and the analysis provided above by op may just be theatrical even crypto currency trading that is purely skill-based in some situation maybe seen as a game of chance.

Of course all gambling depends on chance. But in some gambling games skill plays an important role. For example, the ability to bluff in poker in some situations allows you to make your opponents fold cards, believing that you have a better combination. Of course there is some probability in this situation as well, but still without this skill there is no chance to do such a thing.

In my opinion skill based gambling will be more effective with fantasy sports betting and other player to player games. With casinos and other slots chances are the priority than skills. With slots and casinos some has learnt the scripts and outlawed the games winning big. This is very rare case and has happened with real world casinos and not on online gambling platforms.

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Quote from: Raflesia on October 04, 2021, 12:43:25 PM

Quote from: blockman on October 04, 2021, 12:36:02 PM

Quote from: Raflesia on October 04, 2021, 11:27:30 AM

What I do when playing gambling, I always apply my skills, even though it's 70% luck but at least we shouldn't be careless in gambling but with tactics it is necessary.

If you're careless enough and you allow yourself to be freely losing without doing anything to defend with your money, you're just good as just giving it to the house.
The reason why we're gambling is for different reasons and you have to be serious in all manner whether you do it for fun as it's attached to it and when you lose, you'll just have to think of it that you're enjoying as a relief.

I enjoy gambling games but not being careless and I always do what I can to just keep the money so I don't lose big, but in reality it's for fun.
But this different and permanent way will stick with me about gambling, but throughout my travels on gambling forums I have understood a little about how skill-based it really is and we still need it in every game.
When there is an opportunity it must be distinguished because all will know in every gambling there must be a big opportunity.
Even if it's not her full hope.

You are right, what happens is that sometimes it is difficult to know what that good opportunity is, many times some see that opportunity and end up being a big trap and end up losing everything, of course, the correct thing is to allocate a part of our money there only for fun, but some people don't have that control.

I think that these opportunities can be seen well when there is a great experience on the part of the player, for those who are just starting or who have been in gambling for a short time it is somewhat difficult to know how to identify those opportunities.

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Quote from: TheEconomists on October 04, 2021, 03:27:13 PM

I believe whether skill-based it is all the game of chance and one should not think she or he is skilled enough not to loose money in playing gambling. All gambling is a game of chance in my opinion and the analysis provided above by op may just be theatrical even crypto currency trading that is purely skill-based in some situation maybe seen as a game of chance.

Of course all gambling depends on chance. But in some gambling games skill plays an important role. For example, the ability to bluff in poker in some situations allows you to make your opponents fold cards, believing that you have a better combination. Of course there is some probability in this situation as well, but still without this skill there is no chance to do such a thing.

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Quote from: bitterguy28 on October 04, 2021, 04:16:35 AM

it is always given that Self control and having direction in gambling will save everyone from drowning .

also know your limit , put specific amount each time you gamble and never exceed from that.

also put time frame each playing , in case that you still not growing consider that this is not your day and try next time

Hopefully, we will always remember self-control and having direction in gambling so we do not experience losing big money or losing all money. It will be bad for us if we lose all money in gambling, no matter how long we play and what type of gambling games we play.

Quote from: Shasha80 on October 04, 2021, 08:10:23 PM

What you say makes a lot of sense, it seems there is an algorithm setting to give more wins to newbies. Because I did feel it myself, after playing
for a long time in one gambling place, I did experience more losses. Therefore sometimes I am always excited to try new gambling places, in addition
to getting a bonus when I first join, the chances of winning are also greater. But I don't know if it applies to everyone, or maybe it just happened to me.

It could be there as we do not know if there is an algorithm setting for newbies to win or not. But newbies can win easily in any gambling game, whether it is skill-based or chance-based gambling games. Out of that, we should not rely on that our luck will stay beside us every time we try new gambling games. But not many newbies will get their luck to come to them the first time they try new gambling games.

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Quote from: agustina2 on October 04, 2021, 06:30:46 PM

Quote from: nelson4lov on October 04, 2021, 04:14:25 PM

Quote from: TheEconomists on October 04, 2021, 03:27:13 PM

I believe whether skill-based it is all the game of chance and one should not think she or he is skilled enough not to loose money in playing gambling. All gambling is a game of chance in my opinion and the analysis provided above by op may just be theatrical even crypto currency trading that is purely skill-based in some situation maybe seen as a game of chance.

Gambling is a game of chance/luck similar to normal gaming. The only thing is that being skilled increases your chances to win at those games but it tend to lean towards luck compared to skill. I've seen players will a small level of experience win good amount of money simply based on luck not like they were expert players or experienced ones.

That's why it's unfair at some case that those unexperienced ones hitting more money that experiences ones lol. Cheesy

I'm talking about at those chance-based. Maybe there are algorithm on the sites that newbies should win at their early bets to lure them more on playing the sites. Been experience winning too back in my newbie days at some slots. The winning experience makes me feel pumped and lures me to deposit more whenever I'm losing.

What you say makes a lot of sense, it seems there is an algorithm setting to give more wins to newbies. Because I did feel it myself, after playing
for a long time in one gambling place, I did experience more losses. Therefore sometimes I am always excited to try new gambling places, in addition
to getting a bonus when I first join, the chances of winning are also greater. But I don't know if it applies to everyone, or maybe it just happened to me.

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Quote from: seleme on October 04, 2021, 04:28:55 PM

Quote from: nelson4lov on October 04, 2021, 04:14:25 PM

Quote from: TheEconomists on October 04, 2021, 03:27:13 PM

I believe whether skill-based it is all the game of chance and one should not think she or he is skilled enough not to loose money in playing gambling. All gambling is a game of chance in my opinion and the analysis provided above by op may just be theatrical even crypto currency trading that is purely skill-based in some situation maybe seen as a game of chance.

Gambling is a game of chance/luck similar to normal gaming. The only thing is that being skilled increases your chances to win at those games but it tend to lean towards luck compared to skill. I've seen players will a small level of experience win good amount of money simply based on luck not like they were expert players or experienced ones.

Having a bit of luck is preferred by smart gamblers rather than having decent card games skills, I forgot how many times I lost the game due to 1 card, goal, corner, color. Lucky players can do just one shot and make money as much as the skilled gamblers do in an hour. I have got 10000x when I was a newbie on the Primedice but after getting experienced I don't do stupid high multi bets and I know the risk of catching the high multi. Nowadays betting on the low odds is better compared to experience-based skill games. Nowadays it is so stupid catching 1mlnx LIMBO bet, so we prefer to play safe rather than risking money on big multi.

I agree. That's why we can see high rollers at every site. Luck is luck, if that doesn't come to their session, then try another day, if it comes just continue. Some big gamblers don't want to analyze things as the main requirements in sports betting. In the end, people's preferences are the reason why they are comfortable at this one, but not on this one.

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Quote from: blockman on October 04, 2021, 06:16:28 PM

Quote from: finaleshot2016 on October 04, 2021, 01:13:53 PM

Quote from: blockman on October 04, 2021, 12:36:02 PM

Quote from: Raflesia on October 04, 2021, 11:27:30 AM

What I do when playing gambling, I always apply my skills, even though it's 70% luck but at least we shouldn't be careless in gambling but with tactics it is necessary.

If you're careless enough and you allow yourself to be freely losing without doing anything to defend with your money, you're just good as just giving it to the house.
The reason why we're gambling is for different reasons and you have to be serious in all manner whether you do it for fun as it's attached to it and when you lose, you'll just have to think of it that you're enjoying as a relief.

Being careless also means that you don't care about your money and it's really just pure entertainment for you but if you're careless enough in gambling, then the chance of losing a lot of money will be lessened. The reason why we are playing gambling should not be all about getting profits and such, it should be for the sake of enjoyment but we can't really disregard the fact that we can double our money in an instant that's why we are gambling, even if we apply our skills, it's not guaranteed for a sure win., luck still prevails.

There are those people that can be categorized like that and they're just doing it for fun, truly. Well, I envy them if they can spend that much money and they have a huge budget that they can afford to lose and do that again as much as they can.
It's a combination of the two factors and if you're good at skill based, you can really make a lot if you formulate a strategy that can be made through it. You just need to be consistent and don't need to be greedy at all times so you stay in the game for so long.

You don't need to have a huge budget for that. You can also making it with a small budget if you have a good bankroll management, you just need to evaluate what are your real chances to win, what are the odds offered by the game and to choose the most suitable stake in relation to that.

agustina2

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Quote from: nelson4lov on October 04, 2021, 04:14:25 PM

Quote from: TheEconomists on October 04, 2021, 03:27:13 PM

I believe whether skill-based it is all the game of chance and one should not think she or he is skilled enough not to loose money in playing gambling. All gambling is a game of chance in my opinion and the analysis provided above by op may just be theatrical even crypto currency trading that is purely skill-based in some situation maybe seen as a game of chance.

Gambling is a game of chance/luck similar to normal gaming. The only thing is that being skilled increases your chances to win at those games but it tend to lean towards luck compared to skill. I've seen players will a small level of experience win good amount of money simply based on luck not like they were expert players or experienced ones.

That's why it's unfair at some case that those unexperienced ones hitting more money that experiences ones lol. Cheesy

I'm talking about at those chance-based. Maybe there are algorithm on the sites that newbies should win at their early bets to lure them more on playing the sites. Been experience winning too back in my newbie days at some slots. The winning experience makes me feel pumped and lures me to deposit more whenever I'm losing.

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Quote from: finaleshot2016 on October 04, 2021, 01:13:53 PM

Quote from: blockman on October 04, 2021, 12:36:02 PM

Quote from: Raflesia on October 04, 2021, 11:27:30 AM

What I do when playing gambling, I always apply my skills, even though it's 70% luck but at least we shouldn't be careless in gambling but with tactics it is necessary.

If you're careless enough and you allow yourself to be freely losing without doing anything to defend with your money, you're just good as just giving it to the house.
The reason why we're gambling is for different reasons and you have to be serious in all manner whether you do it for fun as it's attached to it and when you lose, you'll just have to think of it that you're enjoying as a relief.

Being careless also means that you don't care about your money and it's really just pure entertainment for you but if you're careless enough in gambling, then the chance of losing a lot of money will be lessened. The reason why we are playing gambling should not be all about getting profits and such, it should be for the sake of enjoyment but we can't really disregard the fact that we can double our money in an instant that's why we are gambling, even if we apply our skills, it's not guaranteed for a sure win., luck still prevails.

There are those people that can be categorized like that and they're just doing it for fun, truly. Well, I envy them if they can spend that much money and they have a huge budget that they can afford to lose and do that again as much as they can.
It's a combination of the two factors and if you're good at skill based, you can really make a lot if you formulate a strategy that can be made through it. You just need to be consistent and don't need to be greedy at all times so you stay in the game for so long.

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Quote from: nelson4lov on October 04, 2021, 04:14:25 PM

Quote from: TheEconomists on October 04, 2021, 03:27:13 PM

I believe whether skill-based it is all the game of chance and one should not think she or he is skilled enough not to loose money in playing gambling. All gambling is a game of chance in my opinion and the analysis provided above by op may just be theatrical even crypto currency trading that is purely skill-based in some situation maybe seen as a game of chance.

Gambling is a game of chance/luck similar to normal gaming. The only thing is that being skilled increases your chances to win at those games but it tend to lean towards luck compared to skill. I've seen players will a small level of experience win good amount of money simply based on luck not like they were expert players or experienced ones.

Having a bit of luck is preferred by smart gamblers rather than having decent card games skills, I forgot how many times I lost the game due to 1 card, goal, corner, color. Lucky players can do just one shot and make money as much as the skilled gamblers do in an hour. I have got 10000x when I was a newbie on the Primedice but after getting experienced I don't do stupid high multi bets and I know the risk of catching the high multi. Nowadays betting on the low odds is better compared to experience-based skill games. Nowadays it is so stupid catching 1mlnx LIMBO bet, so we prefer to play safe rather than risking money on big multi.

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Quote from: TheEconomists on October 04, 2021, 03:27:13 PM

I believe whether skill-based it is all the game of chance and one should not think she or he is skilled enough not to loose money in playing gambling. All gambling is a game of chance in my opinion and the analysis provided above by op may just be theatrical even crypto currency trading that is purely skill-based in some situation maybe seen as a game of chance.

Gambling is a game of chance/luck similar to normal gaming. The only thing is that being skilled increases your chances to win at those games but it tend to lean towards luck compared to skill. I've seen players will a small level of experience win good amount of money simply based on luck not like they were expert players or experienced ones.

Topic: GAMBLING: Skill-based vs. Chance-based (Read 2408 times)