Topic: GAMBLING: Skill-based vs. Chance-based - page 14. (Read 2408 times)

The more time a person spend in doing something the more the chances of getting accustom to the way the is done or function. Game of card is a game of chance which the chances of becoming more lucky to win from random is high combined with skill. Maybe I could say the higher the time spent in learning/doing something, the better the chances of getting it right.

I agree that it all depends on people's choices but time is not a problem there. I don't see any connection that busy people will mostly prefer chance-based games. What's the advantage?

The choice will depend on how far that person is knowledgeable in a specific type of game whether it's luck-based or skill-based. Even how busy people are if they know how to play that specific skill-based game, they will choose to play on it. Or if some time that they don't feel playing at those, then they will switch to luck-based games.

You have a good chance in skill-based betting if you are very familiar with the sports you're betting, I used to be very active in horse racing when I was young or a decade ago when I was not active on the internet and I have excitement, interest, and profit when playing in skill-based betting because you knew that you have a good chance to win than a luck-based game.

I think it all depends on people choices. Different people have the one that works for them. Employed or busy people would mostly prefer the chance-based game than the Skill-based. Prolly because they won’t be able to draft out time to learn the basis of skill-based games, how it works and maybe the new updates on that type of skill-based games. So they will always prefer the Chance-based games. Because in Chance -based games, your decision making prowess may only determine the outcome of the Bet but I don’t think it will determine whether you will win or lose. The part of you winning or losing is based on chance and it’s done by the machine. But I think Skill-based is better but if you can master the skills and techniques used in winning games, the you will surely have more win percent.

Sometimes it is true and happening.
however, for those who are often playing gambling and like the challenge, skill-based will be the choice. Moreover, if they are playing with experiences, they will always enjoy playing.
Sometimes, there are some skill-based gamblings that are easier to learn and play. So, this is our own self-decision to pick which games.
But for those who are like what you said, chance-based may be better, moreover, those who have big good lucks.

Skilled based gambling will definitely need some tutorship from an expert and could be so demanding I will rather go for the chanced bases gambling since even with the best approach you wouldn't guarantee your self a 100%  win. For me both remains a game of chance each time a set myself to gamble i go there well prepared ready for what ever comes my way be it profit or loss

Skilled based gambling will definitely need some tutorship from an expert and could be so demanding I will rather go for the chanced bases gambling since even with the best approach you wouldn't guarantee your self a 100%  win. For me both remains a game of chance each time a set myself to gamble i go there well prepared ready for what ever comes my way be it profit or loss

Then why there are people who are consistently good with poker?

You are not in control with the cards but you can use your skills in poker, that's why there's what we called "bluff" in poker, if you are good with hiding your emotion or showing your fake emotion, you might likely gonna win more and be a successful poker player, and that means you use your skills.

Yes, poker relies more on skill and especially in bluffing at the right time and a bit of luck depending on how long you play.
And lotteries are more chances and the only way to increase your chances of winning in lottery or bingo games is to buy more tickets.

Why would choose if you could do both? Dealing with several games on similar time is not really that hard unless if you do really need to concentrate specially when you do play card games.

It does depend on what suits you in because choosing games according to your interest isn't something hard or not that complicated.

Choosing one doesn't really need up any discussion though but most of the time people do really get interested on instant results like dice and roulette.

We just choose between the two, skilled based or chance based, I guess I would stick with the Skilled based as you can develop your skill in the long run unlike games that are based on luck where you solely rely on pure luck to win. Sports betting is one my favorites, actually, it's the one that I focus now as I believe in the future I could be consistent just like what I wish myself to be.

Also, the win gives me better fulfillment, so I'm just happy what I'm doing and that makes me last.

How can there be a pattern if every bet is unique? The outcome is determined by the Client Seed and the Server Seed, so there is no pre-determined pattern to follow. If there were any recognizable pattern, professional gamblers and math boffins would spot these quickly and they will drain the house.

There is a lot of skill and some luck in Sports betting, but even if you are a Sport boffin.... the house will handicap you, if you win too much. Every thing in gambling is geared to favor the house.    (They need to be profitable for us to play there)

I do believe that gambling is based on both skill and chance. If you play a particular game all the time, soon you'd notice a pattern whenever you win or lose. If bettor has a small knowledge of statistics and probability he or she will under its application in every game. On the other there's a small role that luck/chance plays. Someone said that that the difference between skill and chance is long term versus short term thinking.

From the word itself, "gambling" is a game of chance. But, there are some games that can at least increase the odds on your favor. For example, while you cannot absolutely predict the pool of cards in poker, you may have a vague assumption of the hands of your opponents depending on their facial expression and other different factors. While the game is based on luck, you may increase your chances of winning by adding that extra bit of edge on your favor.

But from its nature, gambling is always chance-based. Even if you have all the algorithm prepared, one cannot just predict 100% the odds.

A better example is sports betting.

There's those luck based that you've mentioned such as dice and as well as roulette too. Poker is a combination of luck and skill? I think it's still mainly all about skills.

Updated 05-27-2020
As we are now under community quarantine because of this pandemic virus, we tend to play online games to lessen the boredom we feel at our home, so I wanna know your preference on choosing what gamble to play.

There are two types of gambling for me, the skill-based and the chance-based.
1. Skill-based - these are gambling that requires our skills and techniques for us to win, such as playing poker, betting on races, and playing blackjack but the odds of winning are still different for people and it is always in favor of the owner of the gambling.
Poker
Blackjack
Pai Gow
Texas Shootout
Horse Race Betting
Sports Betting
2. Chance-based - these are gambling that you will only wait for the result, you don't need to do something or to think so deep for you to win because all of you have an equal chance of winning such as roulette, lottery, and other gaming machines.
Casino games:

Slot machines
Progressive bonuses
Bingo
Roulette
Sic Bo
Baccarat

Lottery products:
50/50 raffles
Pull-tabs
Scratch’n win tickets
6/49
BC/49
Lotto Max
Keno
Pacific Hold’em
Source: https://www.bcresponsiblegambling.ca/understanding-gambling/types-gambling

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For me, I will choose the skill-based gambling because I am not hoping for the luck of life, I want to take action to make my life great. It is still better to think logically and analytically at any time.

But if you are only a beginner, I think the chance-based gambling would be suitable for you, but do not stick only on that, you should improve yourself, acquire skills and knowledge through experience so you will be able to play skill-based gambling soon.

I think everyone in this thread would agree that it depends on which game because there are some that's skill based like horse race, probability based like dice, and a bit of both like poker or blackjack.