GAMBLING: Skill-based vs. Chance-based - page 5.

michellee

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Quote from: MCobian on September 30, 2021, 06:40:59 PM

Quote from: kawetsriyanto on September 30, 2021, 06:26:19 PM

Quote from: ShowOff on September 30, 2021, 01:45:36 PM

Gambling is simple if you don't chase profit from it.

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.

Indeed, the reality is that more people play gambling because they really want to make a profit, 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, that's why playing gambling is not
as simple as we imagine. We sometimes have to control ourselves when gambling, because it is not easy to control ourselves when playing gambling,
especially when we experience losses. Always comes to mind to cover the losses that we experience and that is the beginning of the problem.

If they think that playing gambling is an instant way to get rich, they are not fully wrong because we can see that some people can have their luck to win big money in some gambling games. But that will not work for most gamblers because that will depend on how good their luck is. The number of people who become addicted is also increasing because they think that playing gambling does not need much to prepare, so they still play even if they already lose their money. If they lose in the chance-based gambling games, they will try playing skills-based gambling games because who knows, they can win some money and recover their loss.

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Quote from: agustina2 on September 30, 2021, 06:06:36 PM

Quote from: Woodie on September 30, 2021, 05:51:24 PM

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??

Try to read again the first post. Sports betting was of course categorized as skill-based.

Quote from: Woodie on September 30, 2021, 05:51:24 PM

When you say chance based I want to believe you are talking about gaming with nothing less than luck??

You are correct there. Chance based = luck-based

No strategy is involved. Just wait if lucks hits you.

Quote from: Woodie on September 30, 2021, 05:51:24 PM

It would also be nice to see which of the strategies would leave a gambler walking our with profit and not empty pockets because when it comes to gambling no matter how skilled you are you are likely to lose your money to the house.

You can't defeat a house that's for sure but there are lots of gamblers who already won the big jackpots playing at luck-based games. The same goes for skill-based. But to summarize, that was gambling and there's no assurance if a gambler will win big or lose regardless of what type of games they played.

sportsbetting is considered to be skill-based because if you have good knowledge with sports, like if you live and breath that particular sports, your chance of winning is high. that means it is more on skill-based though luck is still part of this game. you have high probability to predict the outcome if you are well informed on the particular sports.
whereas, luck-based games, it really relies on your chances. even if you apply strategies like martingale, still it is your luck that will give your chance of winnings.

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Quote from: kawetsriyanto on September 30, 2021, 06:26:19 PM

Quote from: ShowOff on September 30, 2021, 01:45:36 PM

Gambling is simple if you don't chase profit from it.

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.

I don't understand. We gamble because we are expecting something in return. Therefore, we are chasing profits.

Playing for fun? It's more fun when winning. That's my always goal and I'm not playing gambling just to have simple fun and just let go of my money without doing anything. Don't just treat gambling for fun. It's not fun to lose even you afford to lose that amount.

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Quote from: kawetsriyanto on September 30, 2021, 06:26:19 PM

Quote from: ShowOff on September 30, 2021, 01:45:36 PM

Gambling is simple if you don't chase profit from it.

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.

Indeed, the reality is that more people play gambling because they really want to make a profit, 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, that's why playing gambling is not
as simple as we imagine. We sometimes have to control ourselves when gambling, because it is not easy to control ourselves when playing gambling,
especially when we experience losses. Always comes to mind to cover the losses that we experience and that is the beginning of the problem.

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Quote from: ShowOff on September 30, 2021, 01:45:36 PM

Gambling is simple if you don't chase profit from it.

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.

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Quote from: Woodie on September 30, 2021, 05:51:24 PM

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??

Try to read again the first post. Sports betting was of course categorized as skill-based.

Quote from: Woodie on September 30, 2021, 05:51:24 PM

When you say chance based I want to believe you are talking about gaming with nothing less than luck??

You are correct there. Chance based = luck-based

No strategy is involved. Just wait if lucks hits you.

Quote from: Woodie on September 30, 2021, 05:51:24 PM

It would also be nice to see which of the strategies would leave a gambler walking our with profit and not empty pockets because when it comes to gambling no matter how skilled you are you are likely to lose your money to the house.

You can't defeat a house that's for sure but there are lots of gamblers who already won the big jackpots playing at luck-based games. The same goes for skill-based. But to summarize, that was gambling and there's no assurance if a gambler will win big or lose regardless of what type of games they played.

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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??

It would also be nice to see which of the strategies would leave a gambler walking our with profit and not empty pockets because when it comes to gambling no matter how skilled you are you are likely to lose your money to the house.

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Quote from: samcrypto on September 30, 2021, 04:55:31 PM

Quote from: boyptc on September 30, 2021, 04:47:18 PM

Quote from: dupee419 on September 30, 2021, 03:51:10 AM

Quote from: boyptc on September 29, 2021, 06:02:25 PM

That's true.

Demo is just a trial and nothing to be excited about.

The thrill is with real betting and your money is on it and that's why you have to be good if you're playing skilled games or take your chance and see if you're lucky if its the other game.

While demo version of games may seem like just a 'trial version', but for skill-based games, it actually hones your skills literally, so you can't belittle those demo versions, of course, there is no thrill considering you don't have anything in stake or at risk when playing demo versions, and you also gain knowledge at it while risking nothing, although, demo versions tend to give you much more consideration to the game or the difficulty usually is easier than the real game (based on my experience on some games, at least), when you're money is really at stake.

That's the purpose of it.

That's why they're putting a demo or trial version for everyone to try out and they can have an idea how to improve themselves on it.

Much better if there's no time limit or balance.

Though the trial games are quiet lag most of the time, I agree that its purpose is to give you knowledge about the games and how you can win on that game, mostly slots game have this feature. Skill based games required your total effort on learning the process, trial games might not be enough for you to learn since the actual always give the best experience. I’m also more into chance based games like slots and dice game, I find this one simple and profit is really possible.

Can't complain about it if it's lag or not.

There's already the trial so there's no complain from me but maybe you can suggest that to the casino that you've experienced lagging.

So they will improve it.

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Quote from: boyptc on September 30, 2021, 04:47:18 PM

Quote from: dupee419 on September 30, 2021, 03:51:10 AM

Quote from: boyptc on September 29, 2021, 06:02:25 PM

That's true.

Demo is just a trial and nothing to be excited about.

The thrill is with real betting and your money is on it and that's why you have to be good if you're playing skilled games or take your chance and see if you're lucky if its the other game.

While demo version of games may seem like just a 'trial version', but for skill-based games, it actually hones your skills literally, so you can't belittle those demo versions, of course, there is no thrill considering you don't have anything in stake or at risk when playing demo versions, and you also gain knowledge at it while risking nothing, although, demo versions tend to give you much more consideration to the game or the difficulty usually is easier than the real game (based on my experience on some games, at least), when you're money is really at stake.

That's the purpose of it.

That's why they're putting a demo or trial version for everyone to try out and they can have an idea how to improve themselves on it.

Much better if there's no time limit or balance.

Though the trial games are quiet lag most of the time, I agree that its purpose is to give you knowledge about the games and how you can win on that game, mostly slots game have this feature. Skill based games required your total effort on learning the process, trial games might not be enough for you to learn since the actual always give the best experience. I’m also more into chance based games like slots and dice game, I find this one simple and profit is really possible.

boyptc

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Quote from: dupee419 on September 30, 2021, 03:51:10 AM

Quote from: boyptc on September 29, 2021, 06:02:25 PM

That's true.

Demo is just a trial and nothing to be excited about.

The thrill is with real betting and your money is on it and that's why you have to be good if you're playing skilled games or take your chance and see if you're lucky if its the other game.

While demo version of games may seem like just a 'trial version', but for skill-based games, it actually hones your skills literally, so you can't belittle those demo versions, of course, there is no thrill considering you don't have anything in stake or at risk when playing demo versions, and you also gain knowledge at it while risking nothing, although, demo versions tend to give you much more consideration to the game or the difficulty usually is easier than the real game (based on my experience on some games, at least), when you're money is really at stake.

That's the purpose of it.

That's why they're putting a demo or trial version for everyone to try out and they can have an idea how to improve themselves on it.

Much better if there's no time limit or balance.

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Quote from: Theones on September 30, 2021, 12:30:52 PM

Quote from: KTChampions on September 24, 2021, 08:39:14 AM

Same for me. I understand perfectly well that in 99.99% of games I will end up in the red, but that's okay. But when I lose dice I am calm because I understand the mathematical basis of the process, and when I lose to a live opponent I feel stress because it turns into something personal Cheesy

And I'm glad I don't have a problem to stop on time. I do not have such situations when I exceed the limit and remain without money.

Despite knowing the fact that we will end up in loss 99.9% of the games we played we still opt to take chance and lose money.
I do gambling with certain amount and once its gone I prefer to quit the casino with my favorite drink in hand that helps me in over coming the anxiety caused by the gambling. Though there are many gamblers that take huge cash from same casino.

When you say "take" do you mean win? Probably, after all, the sums are not so huge, otherwise they would have simply ceased to be allowed there Cheesy

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.

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Quote from: Betwrong on September 27, 2021, 06:42:50 AM

Sounds unrealistically to me, to be honest. Do you personally only play provably fair games and verify each round result? I seriously doubt that.

Sorry for the late reply, I just received the notification about your comment.
Yes, I only play provably fair games. There is a provably fair version for every game am interested in, so it's not really a problem.
Checking the fairness of each round is not as hard or time consuming as you might think. Because you don't verify each bet individually, but you verify all the session's bets at once and it takes only few seconds.

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Quote from: Lucasgabd on September 30, 2021, 02:24:26 PM

Quote from: worldofcoins on September 30, 2021, 11:36:59 AM

Quote from: sikke on September 23, 2021, 04:34:04 PM

I definitely prefer skill based.

It takes a while to master but once you do you can maximise the odds of winning or at least not losing.

For example, BJ has a house edge of 0.5% if you play perfect basic strategy or even a positive EV if you know how to count cards. Compare this to American roulette which has a house edge of 5+%.

I'd say Poker is best if you're into Skill based gambling.
Also, there are this hand sign game where u go player vs player and select a hand from Rock, Paper, or Scissor and the best one wins, I could be totally random but if you can read the opponent correctly after a few games then it's quite skilled to win

definitely, for skill based games Poker is one of the best in terms of gambling
I'd say it is the 'chess' of gambling options

Must agree, unlike many other games Poker is the rarest one where one can use their skills to increase their winning chances.

Of course, this is assuming that the system is fair and transparent! Usually, it is easier when playing in a group as opposed to playing against the system directly.

In any case though, gambling doesn't often combine skill but there can be a tiny exception (as mentioned above) which some users just take for granted, but hey it is all a matter of tries right?

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Quote from: Lucasgabd on September 30, 2021, 02:24:26 PM

Quote from: worldofcoins on September 30, 2021, 11:36:59 AM

Quote from: sikke on September 23, 2021, 04:34:04 PM

I definitely prefer skill based.

It takes a while to master but once you do you can maximise the odds of winning or at least not losing.

For example, BJ has a house edge of 0.5% if you play perfect basic strategy or even a positive EV if you know how to count cards. Compare this to American roulette which has a house edge of 5+%.

I'd say Poker is best if you're into Skill based gambling.
Also, there are this hand sign game where u go player vs player and select a hand from Rock, Paper, or Scissor and the best one wins, I could be totally random but if you can read the opponent correctly after a few games then it's quite skilled to win

definitely, for skill based games Poker is one of the best in terms of gambling
I'd say it is the 'chess' of gambling options

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.

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Quote from: ShowOff on September 30, 2021, 01:45:36 PM

Quote from: xSkylarx on September 30, 2021, 11:25:14 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.

unfortunately only a small number of people do that and those who do that are only people who are already in a rich context and don't need money

it is not without reason that many gamblers now only gamble just to get more wealth, especially now that the era is already very severe, especially in the economy because indeed all activities are hampered due to the virus which until now has not been able to be overcome.
and one of the things that can make money is gambling, even though it is not really right because compared to profits, there are more losses, but many are trying to do that.

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Quote from: worldofcoins on September 30, 2021, 11:36:59 AM

Quote from: sikke on September 23, 2021, 04:34:04 PM

I definitely prefer skill based.

It takes a while to master but once you do you can maximise the odds of winning or at least not losing.

For example, BJ has a house edge of 0.5% if you play perfect basic strategy or even a positive EV if you know how to count cards. Compare this to American roulette which has a house edge of 5+%.

I'd say Poker is best if you're into Skill based gambling.
Also, there are this hand sign game where u go player vs player and select a hand from Rock, Paper, or Scissor and the best one wins, I could be totally random but if you can read the opponent correctly after a few games then it's quite skilled to win

definitely, for skill based games Poker is one of the best in terms of gambling
I'd say it is the 'chess' of gambling options

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

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Quote from: ShowOff on September 30, 2021, 01:45:36 PM

Quote from: xSkylarx on September 30, 2021, 11:25:14 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.

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Quote from: xSkylarx on September 30, 2021, 11:25:14 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.

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Quote from: Theones on September 30, 2021, 12:30:52 PM

Despite knowing the fact that we will end up in loss 99.9% of the games we played we still opt to take chance and lose money.
I do gambling with certain amount and once its gone I prefer to quit the casino with my favorite drink in hand that helps me in over coming the anxiety caused by the gambling. Though there are many gamblers that take huge cash from same casino.

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.

When a gambler continues to bet more and more than their odds to make more decreases with every percent they want to make after the initial bet and all the gambler thinks is "One more win and double on loss" But that ends up badly especially in dice.

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Quote from: KTChampions on September 24, 2021, 08:39:14 AM

Quote from: bitgov on September 24, 2021, 02:47:37 AM

Quote from: KTChampions on September 23, 2021, 08:28:21 AM

For relaxation, I prefer games of chance. Games that require skill have a significant drawback - it is very difficult to relax while playing them. The more money at stake, the higher the likelihood that you are playing with the most skilled opponent who treats this activity as making money, I do not want such stress when I need to rest.

For me they both are same way of climbing the same mountain i.e. losing the money (atleast for me). The irony of chance based game is that once you start you never stop unless you have nothing left in pocket. You start game for relaxation but you get anxiety n stress as you proceed.
These are just my two cents.

Same for me. I understand perfectly well that in 99.99% of games I will end up in the red, but that's okay. But when I lose dice I am calm because I understand the mathematical basis of the process, and when I lose to a live opponent I feel stress because it turns into something personal Cheesy

And I'm glad I don't have a problem to stop on time. I do not have such situations when I exceed the limit and remain without money.

Despite knowing the fact that we will end up in loss 99.9% of the games we played we still opt to take chance and lose money.
I do gambling with certain amount and once its gone I prefer to quit the casino with my favorite drink in hand that helps me in over coming the anxiety caused by the gambling. Though there are many gamblers that take huge cash from same casino.

Topic: GAMBLING: Skill-based vs. Chance-based - page 5. (Read 2408 times)