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Topic: In gambling, Money is more important than knowledge and luck - page 11. (Read 8223 times)

legendary
Activity: 1470
Merit: 1002
Money is not really important in gambling. We can always adjust our bets proportionally with our bankroll. However, it is knowledge that is the key to winning. If you have understand the probability, you can save yourself a ton of trouble to test out the different table games. You would have chose the one with the highest odd of winnings (which is still less than 50%) or even choose game like pokers and sport betting where these requires some skills to have a better chance of winning.
hero member
Activity: 798
Merit: 503
Money to start.
Knowledge to manage.
Luck to win.
All three has their own importance and individual role in gambling. But which is most important one for gambling. Can we manage to be profitable with any one of them. What is your opinion.
In that same order, money is the motive for even thinking about gambling, like I maintained its is not for fun. Money is always the motive, but I will disagree about e emphasis of luck as against chance as that's just the issue of probability of either losing or winning. So is I'll want to replace that luck with chance and knowledge finally which is gotten after so many losses and wins to understanding the trend in other to minimise loss... My 2 cents...
hero member
Activity: 700
Merit: 500
Yes very much true about this topic. Every one goal is to win the bet and make money right so here money only have much value than our knowledge on skill. But not luck if luck is not there we can not make money in gambling.
full member
Activity: 210
Merit: 100
In my opinion ; In gambling , money is not the important thing ! the important thing is luck  Wink when you have a lot of money and you are not lucky ; you can lose all what you have , but when you are lucky you can earn a lot of money with gambling .     => gambling = luck

And when have a good luck and you don't have money then how would you play gambling ?? Just asking ? I think both things are important in gambling, and without luck you can play gambling either you win or loose but without money you can't play gambling.

I don't think knowledge is important since since it is about luck so it is only money.
sorry but i am not agree with you. i think in gambling the most important thing is luck. if you are a lucky person defiantly you can make a lot of money from a very low investment.
legendary
Activity: 1288
Merit: 1000
Money to start.
Knowledge to manage.
Luck to win.
All three has their own importance and individual role in gambling. But which is most important one for gambling. Can we manage to be profitable with any one of them. What is your opinion.
I would agree if these were main points investors need to fulfill when starting bitcoin casino. But if we are talking abut regular gamblers then I don't think you need all that.

To start gambling:

1. You don't need money, you can play with faucet money (I know this is somewhat licking ice cream through the glass but it is still gambling)
2. Knowledge to manage - what is this exactly? Because I know some very stupid, with zero knowledge gamblers who won big money...
3. LUCK! This is the ONLY thing you will need to be successful gambler. Nothing else matters.
hero member
Activity: 1162
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
In my opinion ; In gambling , money is not the important thing ! the important thing is luck  Wink when you have a lot of money and you are not lucky ; you can lose all what you have , but when you are lucky you can earn a lot of money with gambling .     => gambling = luck

And when have a good luck and you don't have money then how would you play gambling ?? Just asking ? I think both things are important in gambling, and without luck you can play gambling either you win or loose but without money you can't play gambling.

I don't think knowledge is important since since it is about luck so it is only money.
copper member
Activity: 1815
Merit: 1004
PredX - AI-Powered Prediction Market
In my opinion ; In gambling , money is not the important thing ! the important thing is luck  Wink when you have a lot of money and you are not lucky ; you can lose all what you have , but when you are lucky you can earn a lot of money with gambling .     => gambling = luck

And when have a good luck and you don't have money then how would you play gambling ?? Just asking ? I think both things are important in gambling, and without luck you can play gambling either you win or loose but without money you can't play gambling.
hero member
Activity: 700
Merit: 500
Actually you need of all these tree to make good money. You can not blindly just place bet without knowledge by saying you relay on luck. Luck works when you strength it with good team by knowing well the abilities of that team. Luck is not that what can always change the result in your favor just because you are lucky. This is not logical all these are important.
legendary
Activity: 910
Merit: 1000
I think that luck is the most important factor. You can have as high of a bankroll as you like if bad luck persists on following you , you are doomed to lose everything. Proper management of the bankroll and setting limits is the number one rule to not lose everything. Be prepared because if you keep playing there is something called a house edge which will take away your money and this is how all the casinos in Vegas are still alive to this day. Same could be said for major bitcoin online casinos.
hero member
Activity: 1246
Merit: 534
Luck is the most important thing in gambling, and the others like money and discipline is just at the same level.
hero member
Activity: 728
Merit: 500
Basically gambling demand very good luck to make profit in long term. Money is also important but in gambling it is all about luck. I think any person who has great luck can make very easy money instead of using his knowledge. sometimes we need to use knowledge and experience to make money.
hero member
Activity: 826
Merit: 500
In my opinion ; In gambling , money is not the important thing ! the important thing is luck  Wink when you have a lot of money and you are not lucky ; you can lose all what you have , but when you are lucky you can earn a lot of money with gambling .     => gambling = luck
hero member
Activity: 1022
Merit: 511
Without money you can't start, without a knowledge it will lead you to a big loss situation and the most important ingredient is LUCK to yield more profit. In my opinion ,I think luck is the most important factor in gambling.

Defintiely. Money and knowledge is really unneeded if you have tons of luck. YOu can literally hit the 9900x payout 30 times in a row if you had luck, and gain a bunch of coins from faucet.

However some games does require skill, like poker.

I believe most of users will go with luck. and me too.  I also think without luck it can't be possible to win a single penny.
you can spend millions of dollars if you have money but if you don't have good luck then these millions dollars won't help you to win and win...

altough you can buy the whole casino with your million dollars if you have. lolz.. funny thought.
hero member
Activity: 3010
Merit: 629
While money and knowledge do help in gambling it all comes down to luck. You may start with dust and due to incredible luck gain an incredible profit. So the most important part of gambling for me is 100% luck.
Yeah i think luck is important for you to be able to win. sometimes even if you have enough knowledge in what you do you will still depends on how lucky you are . however in sports betting knowledge is a must for the chances of winning.
legendary
Activity: 2604
Merit: 1036
I think knowledge is the most important factor in gambling and specifically in sportsbetting then comes luck because luck determines if you will lose or win aside from how much knowledgeable you are of the sports you are betting on and money comes last. I would rate knowledge, luck and money in terms of importance like this : Knowledge 50%, Luck 35% and Money 15%.
hero member
Activity: 644
Merit: 500
No money is not more important than Luck and knowledge at there, if a person do not have any knowledge and luck then he will lose again and again and in the end will finish all of his money, while if a person do not have money and have knowledge and luck, then he can start on those sites which provide sign up bonus and those which provide free faucet giveaway.
legendary
Activity: 1274
Merit: 1001
.... for sports betting and poker knowledge is most important to place bet there.

Say about poker player, Dan Bilzerian has been proven as rich poker player I've ever seen.
He need more than guts and enough luck to be that rich but I'm still wonder if this can happen to all poker player
legendary
Activity: 1008
Merit: 1000
Money, Knowledge and luck everything have its own importance in gambling, I think it is combination of all these things which could be helpful to make profit, because everyone is not lucky to get start with dust and turn into huge amount, for sports betting and poker knowledge is most important to place bet there.
legendary
Activity: 3122
Merit: 1492
While money and knowledge do help in gambling it all comes down to luck. You may start with dust and due to incredible luck gain an incredible profit. So the most important part of gambling for me is 100% luck.

Luck is a part of it but it is all mathematics. If you know the odds and your expected value you'll know what and how much you will win in each bet. Of course after knowing that it will now come down to your willingness to take the risk for the reward you are expected to get. In short you will know how big your edge is. If you have no edge then don't bet.

It sounds simple but it is not. Discipline also plays a key role.
legendary
Activity: 3374
Merit: 1922
Shuffle.com
Money to start.
Knowledge to manage.
Luck to win.
All three has their own importance and individual role in gambling. But which is most important one for gambling. Can we manage to be profitable with any one of them. What is your opinion.
Most important here is luck if we have to pick only one from the three even if we can't manage our bankroll and start with any amount possible as long as
you've got a huge luck you'll be fine in the gambling world.
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