Topic: Impact on gambling - page 4. (Read 1732 times)

No need to specifically say that luck doesn't exist.

You are taking the word of luck literally. Of course, those bets are produced by a certain algorithm but not all the time, the results are being favored to the gambler that's why you need luck for that mathematical odds to hit our numbers since it can't be controlled by anyone.

Experience does matter in a game that relies purely on chances but you don't want to just wait for that mathematical computation to hit the right hash without expecting a bit of luck.

Pretty obvious what the answer is... Experience.

Luck doesn't exist, it's just a human construct we use to describe somebody defying mathmatical odds, e.g. a description of how much an outlier someone is.

In games of pure chance, experience matters practically nil, but in games of skill, experience is a huge advantage.

Le'ts quote what's on the poll: "Lucky , Discipline , Knowledge , Monetary power , Experience"

a) House-edge gambling games e.g dice, slots, roulettes are based purely on luck therefore a gambler needs:
  - Discipline - to know when to stop
  - Knowledge - to not just hit that GO button
  - Experience - to somehow be aware of the system

Since it's pure luck, it doesn't affect the winnings literally but everyone can manage to gain profit in the long run by properly managing their bankroll.

b) Strategy-based gambling games e.g poker or any card game, skill games, etc. is based purely on skills and ability to execute the strategy, therefore, a gambler needs:
  - Discipline - to know when to stop
  - Knowledge - to obviously know the game mechanics
  - Experience - ability to turn a bad situation into a good one

By following some of these basic traits, it will affect the gambler's winning at stake. Even with a bad set of cards, chances of winnings is always possible.

c) Sports betting is based on both strategy and luck*. Gambler needs:
  - Discipline - to know when to stop
  - Knowledge - to know the ability of a certain team to cope up with the given odds or if they can cover all the spreads provided to them
  - Experience - to make profits out of playing with the odds

Yes, this needs luck but with gambler's knowledge about the game and ability to play with any given odds, it can surely affect their winnings at stake.

And that's a big "IF" but not all would really be dealing with skill based games but rather on pure luck ones.It doesn't really require experience though
but some sort where it is really needed where you should know on when to exit when you are losing much.This do pertains with discipline and experience
and if you don't have these kind of traits where you do gamble then for sure you would mess up along the way that's why its important to considerate these traits.

Personally I focused mainly on discipline as my first priority when gambling I have to inculcate discipline while placing my bet secondly because my betting is based on soccer bettings thus I have knowledge in majority of the team I am placing my bet on I can identity the stronger and the weaker team thus giving me an ample opportunity to have an edge over my bookies, thirdly which is luck this is absolutely crucial to any gambler in any bet placed I always hope for a good luck. 

Cockfighting game is somehow fun and can be enjoyed locally at a village fiestas and other special occasions, but we need to see one winner so either of the two rooster must be dead to have a winner. That's right we don't need skills of that, because all you have to do is to train the cock that you're breeding and then preparation for the cock fighting is ready.
This local gambling game has only two probable choices of winning, and most breeders will have to predict a hype judgement on the opponent in order to gather followers to bet for their fighter cock, so the game commences within few minutes then there it goes a lucky winner.

When we are playing cards like poker, luck is not involve, you might call it luck if you don't know about the pattern of cards and the algorithm of it, that is how professional poker players win, by pure analyzation using math and other complicated additional spice to it.

The point of this is I only see the impact of gambling itself, regardless of the outcome, whether it is winning or losing because basically gambling is very related to luck, but the impact that might be increased during our gambling or when betting is about experience. So in the case of gambling experience will be the main factor regardless of luck or not, but when we have enough experience, then at least we can gamble with confidence.

I will split my choices, for me, that is luck and experience. Throughout the experience, you can able to enhance your skills in those kinds of based skill gambling and the second one is about luck. Both of them for me is having a good impact on gambling probably will give you possible profit gain. Nevertheless, you are lucky enough if you have all of these and gamblers wanted to have about these when they are in gambling.

Among the five choices, I would say it's the discipline that gives a bigger impact on gambling. Yes luck is a part but I don't think it has a bigger impact since you don't just depend your bets and winnings on luck. Knowledge is needed but sometimes knowledge is not enough to win on gambling. Monetary power? Does it mean the capital? Experience is also there to avoid repeating the same mistake but your Discipline will control and manage you throughout the whole game. If you have the discipline, you know how to balance things, knowledge, experience, money, and even your luck.

experience is mine,since we wont progress if we dont have experiences specially in sportsbetting so basically this is what we need to grow in gambling world

and experience as well,because all you've mentioned wont come reality if you are always a newbie so thats why experience s more important than everyhthing

For me,,, experience.

The thing with us is, most of us know how things work in luck and probability, but especially when it comes to crypto gambling, I only understood properly about provably fair and counting house edge after a bit of time. Things like this you do not learn at live casinos!

And then,,, even with understanding, you only know your emotions and how you react to wins and losses after gambling for years. Hopefully this helps you manage your personal style after gaining that experience!

gambling is entirely about luck, but in my opinion, there are some small factors that help you get lucky in gambling, like knowledge for games like sports betting, then discipline, because luck sometimes doesn't come for a long time, so don't play too long and greedy.

In my own personal opinion, during winning in gambling the only impact that you will get is luck because knowledge, skills, discipline, monetary power, experience and others are the things that will also help you to win in gambling, but having luck is the most important thing that you should need in gambling because even you have the 5 things that i have mentioned you would probably lose without having luck. That is why there are gamblers who has their own beliefs or superstitions for them to have good luck while playing gambling like wearing their luck shirt or accessories.

for me the first is

Discipline: because without this for sure there is no future ahead of us since the effect will be severe to the extent that we will lose everything and sometimes even our love ones keep distance from us

the second is

Lucky: this one is important part of gambling,without this winning will never come your way and the worst is continuously losing is what you will get

the third is

knowledge:the most important towards maturity because the longer we play the more learning we have got and without this nothing is for you in future.

Luck will be the highest impact on gambling because, without luck, we are difficult to win. We see that people who don't have skills, unknowledgeable, can win in gambling, and that is because of luck. But we cannot close our eyes that the other things will be in gambling. That thing, like discipline, knowledge, monetary power, and experience, will also be needed in gambling. All of the things that OP mention is related to each other and without having all of that thing, we cannot control ourselves, and even we can not win.

No matter what game you play in the casino, only LUCK revolves around everything. Although experience and knowledge may give you an upper-edge compared to players who are relatively new on the game, if luck decides to screw you over, then there is nothing that you can do.

The problem with gambling also stems from the greed of people especially when they are on a winning-streak. Regardless of the result though, most people would just gamble and try their luck once again to continue the streak. But if they experienced a loss, they will try to recover their losses and ONCE again gamble. This creates an endless illusion and cycle wherein a player gets stuck and gambles until their resources are gone.

Choose discipline too, without it we will not be able to control ourselves, in anything related in gambling we must know to be disciplined. Know our goal and limitation. Discipline is a broad word that is hard to do when we are already greedy. Set limits before playing and make sure to follow it no matter what to not addicted on gambling.

Luck doesn't work in all games. There are games where you don't need any skills because the outcome is generated by the system. But in games like poker, sports betting, you will need to analyse well before you make a move.

mostly luck,no matter how u Discipline,no matter how high your experience on gambling , no matter about your Monetary power . the keys is totally luck.
even on 50 : 50 chance , its doesn't mean if u bet 3 times , u can win 2 times from it. if u doens't have a luck.