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Topic: GAMBLING: Skill-based vs. Chance-based - page 4. (Read 2396 times)

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October 02, 2021, 09:20:46 AM

I did not play much in the casino and I cannot say that I experienced any special emotions winning/losing (the amounts were small), but for example, when I place bets on sports competitions, even with the minimum bet, when watching this competition, my emotions sometimes go off scale, so yes favorite drink is good way to relax.


You are doing good since you are betting a very small amount and that's very much bearable. I try to bet small amount but the environment at casino turn me on and at times I bet high but still I am fortunate enough to have money to buy a drink that helps in overcoming the grief of loss.
Placing a small amount in betting will not be a problem but when our emotions still go on, that will be a problem for us. And I think that is because we are hard to accept to see what we select is getting a loss, especially if our favourite team or player that we select is lost. The favourite drink can be a solution to release the tension and not become stress because of the loss. But leaving the bet will be important as that can make us forget the last bet that we place.
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October 02, 2021, 07:38:43 AM

Haha that's quite funny "Knowing the fact and still ending up in loss"

Casinos actually don't benefit from house edge as much they do from human greed for more.


That's probably because "Even when you’re losing while you’re gambling, your body is still producing adrenalin and endorphins – Mark Griffiths, Nottingham Trent University"


I did not play much in the casino and I cannot say that I experienced any special emotions winning/losing (the amounts were small), but for example, when I place bets on sports competitions, even with the minimum bet, when watching this competition, my emotions sometimes go off scale, so yes favorite drink is good way to relax.


You are doing good since you are betting a very small amount and that's very much bearable. I try to bet small amount but the environment at casino turn me on and at times I bet high but still I am fortunate enough to have money to buy a drink that helps in overcoming the grief of loss.
legendary
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October 02, 2021, 03:20:45 AM
I do believe 90% or even more gamblers do gambling for the sake of quick money, not for the thrill and entertainment.

I agree with you. These people saying gambling should only be for fun might be actually always in regrets and disappointment every time they lose. Or maybe they are just saying it but don't actually have the experience gambling and just posting here for the sake of, you know it that's why they don't know the feeling of being a gambler, being a casual or not.

Even rich people are gambling not just for entertainment but also want to win. How more for average gamblers here?
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October 02, 2021, 02:18:44 AM
For me all gambling games were all risky whether it's skill-based or chance-based, the difference between skill-based and chance-based is you will not see the win probability in skill-based and in chance-based you can see but both are just the same but I think sports betting is much popular but very prone to fix games or cheating.
Op didn't in any way of his submission talk about risk or not risk in his submission and I wonder why the main point of your response here center on how both the chance based is risky and the skill-based is risky for we all that gambling generally is risky. You should know that nothing in general is free of risk and is out that risky situation that do making a living and not taking risk is the most risky decision.

There is that old joke about gambling to just illustrate this.There was a king and had a son who started drinking alcohol and the people near the king told him about his son,the king said no problem.The son then started going with women,prostitutes and the king also said there is no problem.When the son started to gamble the king said,stop him immediately as he is going to destroy us all.

This joke illustrates perfectly that gambling does not look at who you are and most people who do not have a great self control can easily fall under addiction from gambling.
legendary
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October 02, 2021, 02:06:11 AM
there are even some people who think that playing gambling is an instant way to get rich. So it's not surprising that many people end up addicted
Yep. Those who think in that way, have a bigger chance of being addicts. They may be inspired by good stories from successful gamblers, sadly they think all people can do it. We cannot blame those who want to be rich through gambling, that's a human right. But only dreaming it without knowing the chance and the risks are absolutely a bad attitude. At the end of the day, those are very possible to be addicts as you said (if they don't change their mindset).

Sorry to interrupt your conversation, but i can't agree with a first statement. To get on gambling addict it's need to be a specific kind of person. And this doesn't matter what do you think about winning or loosing on gambling. Because gambling is more about thrilling and entertaining than just getting money.

I do believe 90% or even more gamblers do gambling for the sake of quick money, not for the thrill and entertainment. Addiction does not look who you are, anyone can be addicted to gambling even if you take it as entertainment only and I have to agree that those who use gambling as a way make money has higher chance to be addicted.
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October 02, 2021, 01:27:57 AM
For me all gambling games were all risky whether it's skill-based or chance-based, the difference between skill-based and chance-based is you will not see the win probability in skill-based and in chance-based you can see but both are just the same but I think sports betting is much popular but very prone to fix games or cheating.
Op didn't in any way of his submission talk about risk or not risk in his submission and I wonder why the main point of your response here center on how both the chance based is risky and the skill-based is risky for we all that gambling generally is risky. You should know that nothing in general is free of risk and is out that risky situation that do making a living and not taking risk is the most risky decision.
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October 01, 2021, 07:37:51 PM
For me all gambling games were all risky whether it's skill-based or chance-based
Both skill-based and chance-based are risky, none of them really has no risks. All gambling games can make us lose all our money and may lead us to be addicted. It depends on how we deal with those games, choosing the right ways to play that gambling games. As long as using a proper way, I think we can be quite safe.

I think sports betting is much popular but very prone to fix games or cheating.
Yes, sports betting is one of the most favorites. Cheating? Do you think we can win sports betting by cheating? I don't know if there is a way to guarantee winning it. I assume it is a fair game, no way for cheating.

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October 01, 2021, 06:22:54 PM
but I think sports betting is much popular but very prone to fix games or cheating.

It's like politics where there is corruption, in sports, there is also a flaw.

Being prone to the issue of fix games or cheating is not new and it should be expected. Is it risky to bet on sports now that it's prone to game-fixing? Definitely no.
^ Probably it could be and there are big politicians who also manipulating the fixed games.
I remember there is someone who asked why in gambling, they called it a gambling industry, why it is an industry?
So they think it is a business meanwhile we think it is a game that is sponsored by someone.
Nevertheless, it is part of a corruption I think, and they are making money on it by fixing the game. We hope that this will not have a negative impact on game sports that causes a bad reputation.
legendary
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October 01, 2021, 05:44:19 PM
but I think sports betting is much popular but very prone to fix games or cheating.

It's like politics where there is corruption, in sports, there is also a flaw.

Being prone to the issue of fix games or cheating is not new and it should be expected. Is it risky to bet on sports now that it's prone to game-fixing? Definitely no.

As a sports enthusiast for decades, I can conclude that some issues on fixed games are just having a small percentage compare to all games that were done in a good, smooth, and fair gameplay. If you think a rigged game is possible on that certain event (although there are no direct sources we can rely on if that game will be rigged, obviously), then just ignore betting on it.
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October 01, 2021, 05:33:23 PM
Sorry to interrupt your conversation, but i can't agree with a first statement. To get on gambling addict it's need to be a specific kind of person.
No problem, everyone can have their own point of view.
Anyway, can you make it clearer, on what statement do you disagree? Do you refer to this statement "Those who think in that way, have a bigger chance of being addicts"? I explain it a bit more, you need to notice this word "bigger chance", which means not 100% of them to be addicts. But that mindset creates a bigger possibility to lead them to be addicts. I know there are many other factors such as the wrong habit, using unlimited funds, and etc. However, people who dream of being rich instantly in gambling, possibly playing excessively. IMO

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October 01, 2021, 05:12:36 PM
there are even some people who think that playing gambling is an instant way to get rich. So it's not surprising that many people end up addicted
Yep. Those who think in that way, have a bigger chance of being addicts. They may be inspired by good stories from successful gamblers, sadly they think all people can do it. We cannot blame those who want to be rich through gambling, that's a human right. But only dreaming it without knowing the chance and the risks are absolutely a bad attitude. At the end of the day, those are very possible to be addicts as you said (if they don't change their mindset).

Sorry to interrupt your conversation, but i can't agree with a first statement. To get on gambling addict it's need to be a specific kind of person. And this doesn't matter what do you think about winning or loosing on gambling. Because gambling is more about thrilling and entertaining than just getting money.
legendary
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October 01, 2021, 04:27:01 PM
there are even some people who think that playing gambling is an instant way to get rich. So it's not surprising that many people end up addicted
Yep. Those who think in that way, have a bigger chance of being addicts. They may be inspired by good stories from successful gamblers, sadly they think all people can do it. We cannot blame those who want to be rich through gambling, that's a human right. But only dreaming it without knowing the chance and the risks are absolutely a bad attitude. At the end of the day, those are very possible to be addicts as you said (if they don't change their mindset).

I don't understand. We gamble because we are expecting something in return. Therefore, we are chasing profits.
Don't you think "fun" is a kind of return? I assume return isn't only about money. As it is a game, some people may think that entertainment is also another big thing to expect. So, not only consider the "return" from the number of money got from the gambling games.

You are not wrong because I know that what you are describing is a fact of gambling and gamblers.
Yes. Definitely, mate.

legendary
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October 01, 2021, 04:07:07 PM
For me all gambling games were all risky whether it's skill-based or chance-based, the difference between skill-based and chance-based is you will not see the win probability in skill-based and in chance-based you can see but both are just the same but I think sports betting is much popular but very prone to fix games or cheating.

Gambling is already a risk game because it's a high-risk reward some people want to play with the chance game because the odds is so low but the profit or the reward is so high some of them chilling just pull the lever or click the button and wait for their profit, some people use their talent and skills to use in a skill base game like the table top games, even in e-sports and sports betting all you need is to identify the skill base of the player and the team itself and easy to predict the match winners.

There are people who understand well and they find ways to take advantage, gamblers who knows how to deal with types of games they are playing mostly earn good compensation, those who can handle the risk inside gambling are also capable of winning good amount of money. The business itself, either skills or luck based, both are gambling, which probably shit may affect the results.

The good thing with people who play with skill based games, they have knowledge that they can use to have a good edge over their opponents and with good practice and control they'll end up winning, not always but the chance is better.
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October 01, 2021, 03:45:06 PM
Gambling is simple if you don't chase profit from it.

If it's that simple, I will be the one making testimonies and reviews on my past experience since I'm still new to this, even the experienced ones make loss sometimes talk more of the newbie, it's not simple to me but perhaps you are good in your own style.
What's the purpose of gambling if you aren't rolling dice and spinning for the jackpot, this is the first time I have seen where a user isn't gambling for profit perhaps you enjoyed playing and losing.

Skill base with opponents still remains the most preferred option that any one would want to go with, playing against house is 50:50 chance even if you are well skilled.
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October 01, 2021, 12:16:11 PM
For me all gambling games were all risky whether it's skill-based or chance-based, the difference between skill-based and chance-based is you will not see the win probability in skill-based and in chance-based you can see but both are just the same but I think sports betting is much popular but very prone to fix games or cheating.

Gambling is already a risk game because it's a high-risk reward some people want to play with the chance game because the odds is so low but the profit or the reward is so high some of them chilling just pull the lever or click the button and wait for their profit, some people use their talent and skills to use in a skill base game like the table top games, even in e-sports and sports betting all you need is to identify the skill base of the player and the team itself and easy to predict the match winners.
legendary
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October 01, 2021, 11:52:34 AM
Agree, as you can see that there are professional gamblers that at rich now and also earning big from playing gambling . Though i am not fun in the gambling but i am really amazed about this since they are really earning big, as my self i thought that gambling is all about luck but there are games that bases the skills and also with luck. I do play gambling but it is for only fun and also only those simple ones since i cant really understand those complicated card games.
Gambling is simple if you don't chase profit from it. You can make yourself feel happier while gambling but you will only feel it when you are at the table not on the gambling platform. Things will change when money becomes the main reason why someone should gamble regardless of whether they have the skills or just rely on luck. Now the choice is up to each of you, have fun or make money. I'm on the second choice.


lmao, that's my 2nd time explaining this.

It's easy said than done that people won't chase their losses. I've seen people saying they won't but at the moment they set aside their past commitments and goes on a huge losing streak after continuing to chase the losses...
That sucks for them tbh.
And unfortunately this is the truth, even if a person is not gambling to make profits and they just want to get fun at the same time it is impossible to not keep count of how much money you have lost in the session and how many times you have lost in a row, after all we know that once your money runs out you cannot gamble anymore, so when luck does not play in our favor and the session has been going badly for some time it is very easy to turn from a gambler that just wants to get some fun to someone that chases their losses.
legendary
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October 01, 2021, 10:49:14 AM
lmao, that's my 2nd time explaining this.

It's easy said than done that people won't chase their losses. I've seen people saying they won't but at the moment they set aside their past commitments and goes on a huge losing streak after continuing to chase the losses...
That sucks for them tbh.
Yes, I know it. But I don't think that's the crux of the matter because basically every gambler should gamble responsibly whether they want to make a profit or for fun as the goal.

Unfortunately, it is not as simple as we assume. Most people target profits (money) when they are starting to gamble. You must realize that people come to gambling sites mostly for money, only a few people who gamble for fun only. I have some friends who play gambling regularly, and none of them who play for fun only.
You are not wrong because I know that what you are describing is a fact of gambling and gamblers. I realized that I also feel the same way about gambling so I understand enough and how to position myself and my gambling desires so as not to cause a lot of problems, especially for finance.

Skills in gambling may be able to help gamblers to benefit from the games they are good at. But still I'm not sure that gambling will be worth it as a job that can help them earn money in the long term.
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October 01, 2021, 09:12:53 AM
For me all gambling games were all risky whether it's skill-based or chance-based, the difference between skill-based and chance-based is you will not see the win probability in skill-based and in chance-based you can see but both are just the same but I think sports betting is much popular but very prone to fix games or cheating.
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October 01, 2021, 08:28:50 AM
Agree, as you can see that there are professional gamblers that at rich now and also earning big from playing gambling . Though i am not fun in the gambling but i am really amazed about this since they are really earning big, as my self i thought that gambling is all about luck but there are games that bases the skills and also with luck. I do play gambling but it is for only fun and also only those simple ones since i cant really understand those complicated card games.
Gambling is simple if you don't chase profit from it. You can make yourself feel happier while gambling but you will only feel it when you are at the table not on the gambling platform. Things will change when money becomes the main reason why someone should gamble regardless of whether they have the skills or just rely on luck. Now the choice is up to each of you, have fun or make money. I'm on the second choice.


lmao, that's my 2nd time explaining this.

It's easy said than done that people won't chase their losses. I've seen people saying they won't but at the moment they set aside their past commitments and goes on a huge losing streak after continuing to chase the losses...
That sucks for them tbh.

Its too hard to tell to the gambler player who losses a lot because this time its the part of the mental state of the person to keep playing or not. There's a chance they want to urge more to play because they lose a lot and the only chance to bring back all of those losses is to play another round of gamble. In some instances, some of them want to stop and try again with another day because they think they cannot good to earn profit. Once negative ambiance comes up there's a probability to have a dilemma.
legendary
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October 01, 2021, 07:11:13 AM
Interesting write up but why is sportsbetting not in both categories of chance based and skill based?? When you say chance based I want to believe you are talking about gaming with nothing less than luck??
~

There are many sports forecasting competitions (where points are awarded for correctly guessed results) and this is separate from gambling.
Betting where there is a bookmaker is pure gambling, since the bookmaker always has an advantage and even if you predict better than his team of analysts at a distance, you will lose due to the fact that the results in sports have a random component, but the bookmaker's advantage is constant.
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