GAMBLING: Skill-based vs. Chance-based - page 20.

Saint-loup

legendary

Activity: 2604

Merit: 2353

Quote from: KTChampions on May 15, 2020, 06:00:02 PM

Quote from: figmentofmyass on May 14, 2020, 07:07:49 PM

Quote from: KTChampions on May 14, 2020, 04:51:21 PM

Even if you somewhere find a place where they play one deck, then mixing is done when about 30% of the deck is used, so there is no way to make calculations and get an advantage due to this.

i disagree. face up cards = dead cards which cannot be dealt from the deck again.

if single-deck gives card counters no edge, why did casinos switch to multi-deck? why do single-deck games pay with worse odds?

Single-deck games give an advantage only if they are not mixed in time. For blackjack, 30% of the deck used is a signal to shuffle. Obviously, if you use one deck, shuffling will be too frequent. Maybe that's why casinos switched to multi-deck.

Insteresting, how do you know that? Did you experiment it and made your calculations yourself? Or you have read it somewhere else? If it's the later do you still have the source perchance?

KTChampions

legendary

Activity: 2464

Merit: 1943

Leading Crypto Sports Betting & Casino Platform

Quote from: figmentofmyass on May 14, 2020, 07:07:49 PM

Quote from: KTChampions on May 14, 2020, 04:51:21 PM

Even if you somewhere find a place where they play one deck, then mixing is done when about 30% of the deck is used, so there is no way to make calculations and get an advantage due to this.

i disagree. face up cards = dead cards which cannot be dealt from the deck again.

if single-deck gives card counters no edge, why did casinos switch to multi-deck? why do single-deck games pay with worse odds?

Single-deck games give an advantage only if they are not mixed in time. For blackjack, 30% of the deck used is a signal to shuffle. Obviously, if you use one deck, shuffling will be too frequent. Maybe that's why casinos switched to multi-deck.

finaleshot2016

legendary

Activity: 1736

Merit: 1007

Degen in the Space

Quote from: mindrust on May 15, 2020, 04:55:19 PM

Chance based games are good for the guys with no skill.

Let's assume you are playing Chess (no Blackjack this time sorry but you can also replace chess with dota if you want

) and you are making bets with the other player over the game result.

If you are a bad player, you'll lose most of the games whether you bet big or small.

Dice games remove that issue for you. Not everybody is super smart or knows well how to play games that require good skill.

If you're playing with some other players and the game have complex mechanics like chess or dota, definitely it's not a chance-based game 'cause obviously it requires massive thinking and strategy that will let you win the game. Poker is a complex gambling game with opponents too, you need to think of a strategy that will bluff and fool those opponents. I'm agreeing with your statement that chance game are better for those who haven't given a good IQ, it'll make them easier to play.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: johhnyUA on May 15, 2020, 03:10:07 PM

Quote from: Latviand on May 15, 2020, 11:07:01 AM

That's why I prefer skill-based game, so that when there's someone to blame, it is myself. The strategies and results are in my own hand, it is really much enjoyable if you are really playing instead of just waiting there for the outcome.

Yeah, for example poker, when you playing correctly due to your strategy, with a monster hand, call "all in" and finally lose to lucker. Heh, Such "enjoyable"

i know the feeling. it's never over until all the cards are dealt! Wink

that's one reason to avoid oversized preflop all-ins, especially multi-way. too much chance, too much gambling. even AA will lose almost 1 out 4 times to mid suited connectors. a more marginal hand like AK suited will lose against any random hand 1 out of 3 times. i like to get my chips in after the flop, when the odds are more clearly in my favor.

the element of chance is crucial though---if there was no chance involved then donkeys wouldn't play poker because they would never win. this means we need to ride out the statistical variance and play statistically smart poker. in the long run, it's profitable.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: mindrust on May 15, 2020, 04:55:19 PM

Chance based games are good for the guys with no skill.

Let's assume you are playing Chess (no Blackjack this time sorry but you can also replace chess with dota if you want

) and you are making bets with the other player over the game result.

If you are a bad player, you'll lose most of the games whether you bet big or small.

Dice games remove that issue for you. Not everybody is super smart or knows well how to play games that require good skill.

And this is the good thing on this market on where we do have the choices or options to take which would really be depending on our preferences because not all would really have that skill or knowledge on several games that other do know.So its a matter of choice on which one you would play either a luck based one or skill based but there are instances that people switch up to pure luck games just because they dont know how to play those skilled ones.Just like me on where i do know several games but there are really times that i do get bored and switch up easily to those pure luck ones because thrill on seeing instant results are way
too different when you do watch sports or card games.

mindrust

legendary

Activity: 3276

Merit: 2442

Chance based games are good for the guys with no skill.

Let's assume you are playing Chess (no Blackjack this time sorry but you can also replace chess with dota if you want

) and you are making bets with the other player over the game result.

If you are a bad player, you'll lose most of the games whether you bet big or small.

Dice games remove that issue for you. Not everybody is super smart or knows well how to play games that require good skill.

johhnyUA

legendary

Activity: 2422

Merit: 1845

Crypto for the Crypto Throne!

Quote from: Latviand on May 15, 2020, 11:07:01 AM

That's why I prefer skill-based game, so that when there's someone to blame, it is myself. The strategies and results are in my own hand, it is really much enjoyable if you are really playing instead of just waiting there for the outcome. Sometimes, there are still circumstances where skill-based gambling is not that lucky enough for you to win.

Yeah, for example poker, when you playing correctly due to your strategy, with a monster hand, call "all in" and finally lose to lucker. Heh, Such "enjoyable"

Latviand

full member

Activity: 1540

Merit: 219

Quote from: Sadlife on May 14, 2020, 08:03:21 AM

I also prefer skill based because gambling without strategy and only depending on luck is really boring and it takes away the fun.
Even dice games in casino's there are patterns you could see or some techniques for you to be able to win more but quite risky as well.

Skill-based gambling is really easier to play with as you have some control with your money and techniques to perform in gambling. Some people are having a hard time playing luck-based game as it really depends on their fate and luck. They have nothing to do but to bet and wait for the outcome whether it is a win or lose. That's why I prefer skill-based game, so that when there's someone to blame, it is myself. The strategies and results are in my own hand, it is really much enjoyable if you are really playing instead of just waiting there for the outcome. Sometimes, there are still circumstances where skill-based gambling is not that lucky enough for you to win.

DevilSlayer

sr. member

Activity: 1428

Merit: 358

Quote from: finaleshot2016 on May 15, 2020, 08:59:39 AM

This is already common and known by a lot of gamblers.

Those luck-based gambling are games that don't require thinking 'cause you just need to bet and pick your desired slot. Obviously, the common winners of these luck-based gambling games are those who're lucky.

Skill-based are only applicable to complex games like poker which you need to be more strategic and have psychological thinking to ensure your win.

That is why when I do gambling I always choose the skill based games where I will use my gambling skill and also my risk management skills. I do not like playing games where it is a pure luck game where the chances of winning and losing is 50-50. For me it is just a waste of time and money because I am not lucky like the others. I mostly played card games especially poke wherein I uses my skill in terms of psychology, decision making and creating strategies.

smyslov

sr. member

Activity: 2030

Merit: 269

If you are playing almost daily then learning skills on how to win games is a good choice for you, you don't want to lose money relying on luck, even if you cannot learn how to be a very good skill based player and only win from time to time, at least you can still go on playing because of your winning coming from your skill.

Natalim

hero member

Activity: 3038

Merit: 592

BTC to the MOON in 2019

Quote from: mu_enrico on May 15, 2020, 09:23:12 AM

Quote from: Alucard1 on May 14, 2020, 05:16:47 AM

1. Skill-based -
2. Chance-based -

The problem with these two strict categories is that no skills games are pure skill. It also contains luck in it. How many % skill and % chance should we put the game into a skill or chance-based game?

You can compute the skills but you can't on the luck..
Just give you best to improve your skills so you don't need to rely on your luck all the time.

When you are a skilled gambler, you are likely treating what you do as a job, you are professionally handling it, and you keep a record of your performance when gambling, but most importantly, you choose the right game for you that does not belong a luck based games. (with house edge).

Quote from: mu_enrico on May 15, 2020, 09:23:12 AM

This situation also makes a game like a poker illegal in some parts of the country but legal for the rest.

Poker is gambling, a certain country does not choose a certain game to legalized or not, if its illegal the they regulate it generally and they make gambling illegal, just like in China I guess.

mu_enrico

copper member

Activity: 2324

Merit: 2142

Slots Enthusiast & Expert

Quote from: Alucard1 on May 14, 2020, 05:16:47 AM

1. Skill-based -
2. Chance-based -

The problem with these two strict categories is that no skills games are pure skill. It also contains luck in it. How many % skill and % chance should we put the game into a skill or chance-based game?

This situation also makes a game like a poker illegal in some parts of the country but legal for the rest.

finaleshot2016

legendary

Activity: 1736

Merit: 1007

Degen in the Space

This is already common and known by a lot of gamblers.

Those luck-based gambling are games that don't require thinking 'cause you just need to bet and pick your desired slot. Obviously, the common winners of these luck-based gambling games are those who're lucky.

Skill-based are only applicable to complex games like poker which you need to be more strategic and have psychological thinking to ensure your win.

Natalim

hero member

Activity: 3038

Merit: 592

BTC to the MOON in 2019

Quote from: stadus on May 15, 2020, 07:19:21 AM

Quote from: acroman08 on May 15, 2020, 03:44:01 AM

I mostly play skill-based games and if we are talking about fighting boredom skill-based game is the best choice you have since every game takes a lot of time compared
to chance-based games and will require your attention and is also enjoyable if you are playing to another competitive gambler.

I think it still depends on the game you played, dice is not a skilled base games but actually there are gamblers who even gamble hours on it.
Unlike in sports betting where I can certain consider a skilled based gambling, it does take me one hour to gamble, just analyze the game and put your bet, and you don't need to watch the game as you only need to look for the final result of the game to determine if you win or lose.

I also bet on sports and I feel it's not a kind of game that stresses me out, unlike when you stay for hours in front of your computer playing those fun games that would cause some addiction sometimes, in sports, though its also possible you'll get addicted but you can share some conversation with your friends who loves sports and gambling at the same time, sharing your analysis and even if you only bet one game, it would already create an interesting discussion sharing your thoughts on a certain game.

BitcoinTurk

hero member

Activity: 1666

Merit: 629

Yes, although the chance to win in gambling is an important factor, it is possible to determine tactics in some games and to earn with the determined tactics. However, it should be known that the games played by determining the tactic and the control of the game are also required by the users. For example, when you play Blackjack, you do not know that the safe will reach 17 or above when you decide not to draw another card. Of course, you can control the game compared to slot games or lotto games, but as I mentioned, you need to have some luck factor since you do not know the opposite side's move.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

Quote from: acroman08 on May 15, 2020, 03:44:01 AM

I mostly play skill-based games and if we are talking about fighting boredom skill-based game is the best choice you have since every game takes a lot of time compared
to chance-based games and will require your attention and is also enjoyable if you are playing to another competitive gambler.

I think it still depends on the game you played, dice is not a skilled base games but actually there are gamblers who even gamble hours on it.
Unlike in sports betting where I can certain consider a skilled based gambling, it does take me one hour to gamble, just analyze the game and put your bet, and you don't need to watch the game as you only need to look for the final result of the game to determine if you win or lose.

robelneo

legendary

Activity: 3346

Merit: 1214

It's both even if you are that skilled, you still need a little bit of luck to win a game, and if you are playing in a game of chance, and you are playing for a long period of time, you will develop an insight how to give the most of your bet and, but between the two skill-based has a better chance for you to succeed.

Eugenar

sr. member

Activity: 1274

Merit: 278

I don't have any luck at all, so I wouldn't choose the chance-based gambling, I am always losing the game whenever I play in chance based gambling, so I already stopped playing in gambling like that.

It is still better to choose skill-based gambling because your skill will be based on whether to win or to lose the game. So all you need to do on that is to practice and be knowledgeable about it. Take research and observe first before playing, once you get the pattern or skills on it then try playing.

maxreish

sr. member

Activity: 1330

Merit: 326

Even if we think we have strong skills in gambling like we have a techniques, but let me remind you that strategies won't last long. That is why whatever technique you will gonna use, all are effective at first. Therefore we only rely on luck even though you are skillfull enough, you can't really beat the house.

Whether it's a chance based or skill, we only grip on that luck particularly in gambling.

acroman08

legendary

Activity: 2436

Merit: 1104

I mostly play skill-based games and if we are talking about fighting boredom skill-based game is the best choice you have since every game takes a lot of time compared
to chance-based games and will require your attention and is also enjoyable if you are playing to another competitive gambler.

Topic: GAMBLING: Skill-based vs. Chance-based - page 20. (Read 2402 times)