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Topic: Is gambling all about luck? - page 40. (Read 4869 times)

hero member
Activity: 2282
Merit: 589
September 24, 2023, 07:40:24 PM
#47
Well, that is quite obvious. That is why there are advices everywhere on this forum telling you to only gamble with money you can afford to lose and to never chase your losses. Only the minority of gamblers will be able to make considerable profit from gambling through big wins and jackpots. Anyway, if they keep playing, losses will be faced on long term, without any doubts. So, if you are a lucky gambler, make sure to use your earnings wisely instead of spending everything in another bets.
The profit ratio from gambling is very low even though there are some lucky gamblers who get big profits and jackpots, but the loss ratio is very high from the impact of gambling. So don't have the ambition to get money from gambling activities but gamble with low finances and can afford to lose, gambling must be based on considerations to minimize losses even though we cannot predict the results of gambling, but I prefer soccer gambling because we can analyze matches to determine the accuracy of winning for the team /best club with many top players.
legendary
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Leading Crypto Sports Betting & Casino Platform
September 24, 2023, 07:32:33 PM
#46
When we talk about games of chance, they have categories: the so-called gambling that depend on luck (someone in this thread already talked about mathematics) which are games like plinco, dice, slots and lotteries. In these games, no matter how genius you are in mathematics, you will still do little to win, at the end of the day only the person who is lucky wins. Then we have gambling that do not depend on luck, as is the case with sports betting, in which statistics are used more, obtaining a large amount of information and knowledge about the games are very important things in sports betting, but this does not guarantees 100% victory

Even if the person knows the teams well and the odds are lower, indicating that a certain team will win, that team can still lose. This is why gambling should not be seen as investments, because they are not and will never be profitable in the long term for any player. This needs to be clear, there are people who think they can make profits from gambling, those who think that way are mistaken. There won't be a good ending if you think that way. It is more likely that you will lose everything in the real world because of the game.
legendary
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☢️ alegotardo™️
September 24, 2023, 07:24:36 PM
#45
In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.

In fact, the odds will always be in favor of casinos and betting sites and that is why most people lose much more money than they win.
But, gambling is not just based on luck or bad luck, but also on managing risk, controlling your balance and the gambler's experience with the game he is playing, and this can greatly reduce your losses.
Sports games are the ones that can give you the most chances of winning, as they depend very little on luck and much more on your knowledge of that sport, but it is also possible to have a certain control over card games, for example, in which you bet directly with other players... you just need to be better than your opponents.

Anyway... gambling is not just luck or bad luck, there is a lot of technique involved.
hero member
Activity: 1428
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Top Crypto Casino
September 24, 2023, 07:20:03 PM
#44
Yes, except for sports bet which is also considered as gambling. Most games that used RNG, provably fair are obviously luck based, but sports betting it requires at least some knowledge for you to win not just betting on any team or players.
hero member
Activity: 1470
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Be nice!
September 24, 2023, 07:07:53 PM
#43
In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.
Gambling is mostly associated with luck, but for you to win you should also have knowledge and working strategies that will eventually attract your luck and enable you to make profits. At some point, skills are also essential in gambling most especially for sports betting, aside from luck that one should always have. However, we can't force the universe to make us lucky the whole time we are into gambling. That's why some resort into committing a lot of losses before they gain luck and eventually ends profitable.
Exactly, Gambling isn't only associated with luck rather you must put some strategy and logic on most gambling games. Just like you've mentioned, Sports betting isn't only associated with luck as you must also research and make a reasoning or logic as to why you'll be betting on the team or player you'll be betting on. Also, most card games are not only associated with luck but also strategies since you may have a bad card but also win the game.

But on some occasions, there are some games like dice where Luck is the main factor as you mostly cannot control or alter the outcome. However, still, there are some methods, pattern or tricks which may lessen the loss on these games even if you have bad luck.
legendary
Activity: 3108
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Leading Crypto Sports Betting & Casino Platform
September 24, 2023, 06:56:54 PM
#42
In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.
Gambling is mostly associated with luck, but for you to win you should also have knowledge and working strategies that will eventually attract your luck and enable you to make profits. At some point, skills are also essential in gambling most especially for sports betting, aside from luck that one should always have. However, we can't force the universe to make us lucky the whole time we are into gambling. That's why some resort into committing a lot of losses before they gain luck and eventually ends profitable.
hero member
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Leading Crypto Sports Betting & Casino Platform
September 24, 2023, 06:43:33 PM
#41
My knowledge about gambling tells me that it's a game of luck but is not exclusive to luck for anyone to win in the game. One needs luck to win his gambling stakes but I also think that one needs to be efficiently strategic in gambling in order to win .
Having no knowledge of gambling before doing it is riskier than someone who knows much about a certain gambling platform.
hero member
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Leading Crypto Sports Betting and Casino Platform
September 24, 2023, 06:35:58 PM
#40
They wanted it to be at the very least. Saw a lot of casinos and gambling sites banning people from using strategies and techniques that will give them an edge over the house, especially with card games like poker and blackjack. Some just refrain from offering these games and stick to the chance-based games like dice and slots since those rack up money for the casino too and doesn't come with the suspicion that they are being caged to play few games, and in my opinion, this is alright.

Gambling, as much as you argue, doesn't present itself as a get-rich quick scheme. It's more of a "get-rich quick if you're lucky" scheme, and involving skill into the equation disrupts that necessity for luck to intervene.
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
September 24, 2023, 06:34:00 PM
#39
When it comes to online gambling sites, there's a system that knows how much you earned and you will feel like you are not winning anymore after you hit a good amount. It's a code, not pure luck. The system knows also how much you are losing and will give some amount that will make you a bit happy and then it gets it back again either from you or from other users if you get out and withdraw it.
So luck is based on whether the right code will be on your bet but not your own luck because you could lose it again in just one minute if you try to double it up one more time.
There's a way to escape this though, sports gambling. Bookies do not control the game, they are just there to input how much are the spreads given and the odds. Using analysis of the game we could increase our chance to win but we are not blind unlike the casino games.
full member
Activity: 1008
Merit: 141
September 24, 2023, 06:31:54 PM
#38
In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.
i'm actually quite uncomfortable with topics like this that keep popping up, which in the end leads us to a circuitous conclusion lol, i think everyone understands that even though there are strategies that can be used when gambling in casinos, luck is the one that plays the biggest role in the results at the end of gambling we do.  
so it is important for every gambler to continue to apply safe and responsible principles in every gambling activity that is carried out.  if your goal is not money then you don't need luck, you just want entertainment, but if your goal is money then you need luck.
hero member
Activity: 1582
Merit: 514
September 24, 2023, 06:28:43 PM
#37
In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.

The gambling based on the luck of the player who had involved in the gambling,So it’s hard to get the steady income from the gambling.But the probability of continuous win will be low,So only many people will not suggest the gambling as like the trading for the full time involvement.But the Gambling is the good one for the people who seek entertainment using the money,this also like the offline casino games.The offline casino was the good option for the gamblers who want the real time entertainment.But some class issue was still exists in the offline casino.So online casino was good for all gamblers.
hero member
Activity: 2884
Merit: 620
September 24, 2023, 06:18:12 PM
#36
In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. [..] However, we all have some kind of luck so we should strive for what is possible for us.
Luck is there but it's not that much going to do when you gamble with those games that requires less luck but more analysis and strategy.

You have to remember that the house is always at the edge and you can't beat them if ever that's in your head. No matter how hard you try so, you'll just fail with many attempts of doing it.

I think winning or losing every game is completely in your head, so your individual tricks are not there.
In gambling, there's nowhere to go because it has only two results. You either win or lose.
sr. member
Activity: 1848
Merit: 370
September 24, 2023, 06:13:15 PM
#35
No one should gamble because they are looking for ways to to make money and choose gambling. What that will end it is addiction and further loss of money.
I assume there is less than 10% of gamblers that gambles to earn money, and the rest is just for fun.

I think playing for the money is one way of losing it, once you play to earn in gambling then there's a 100% chance of losing and I am not talking about luck, I'm talking about the addicting part of it. Since gambling is all about luck, and casinos are all about business, you'll probably in a spot where it is a lose lose situation.

The best way gamblers can be disciplined is to only have 5% of monthly income for gambling and it should not surpass that amount. This has been the strategy that has been helping me since long time ago till now.
I gamble a lot, virtually and personally and I find it as sort of happiness, just taking your time and playing some slots, card games, etc. but I don't really have that discipline to gamble and make an out after a win. I agree, discipline is one way of avoiding such huge losses in gambling, never play out of your means as it will only lead you to downfall. I've heard/read some stories about gambling and it is very dark that some people are loaning amount that they can never pay even if they win a million in casino.
legendary
Activity: 2856
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Leading Crypto Sports Betting & Casino Platform
September 24, 2023, 06:10:08 PM
#34
In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.
Unless you are gambling sports, you have no control about the results in the long run. And even in sports it's mostly luck, but you have an edge if you are following the sport closely and have some sense who would win.

But with house games, slots or live tables etc, there's no algorithm that you could find to beat those. As that would be a play against math itself. Luck however isn't some magical thing that some have and some have not, it's a part of the same probability when you win against all odds. It just needs a name and we are just calling it luck.
legendary
Activity: 2940
Merit: 1083
September 24, 2023, 06:06:16 PM
#33
In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there.

Gambling is not meant as an option to make cash purely.

Basically, we can make money thru gambling but that should not be considered as always and the only option we have to make money. Gambling is already risky and of course, it needs our money at risk to take part into gambling, what if the worst happened? Even there's a designated budget to be only used on gambling, I doubt most gamblers will follow that budget and mostly, they will breach that budget affecting the other budget it should went to.

However, we all have some kind of luck so we should strive for what is possible for us.

Luck in gambling come and go. We didn't even know when it will arrived.

If we will only depend on luck, then we are just throwing our money on something even we considered those money as afford to lose. Since luck is not always there, once it come to us, be responsible enough to cashout profits in return and don't get be carried away.
hero member
Activity: 1918
Merit: 564
September 24, 2023, 05:56:56 PM
#32
It had been established that all chance based games is all about luck, but the sports betting is all about knowledge and skills with a little touch of luck.  Since chance based game result is random, there is no assurance that a person will win unless he Mr. Luck smiles on him.  While sportsbetting is all about understanding the team participating, sizing their abilities, strength and weakness, a skilled gambler of this kind of gambling can easily predict with a higher possibility of winning.

In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.

Gambling should not be seen as a money making machine,  we should look at it as part of an entertainment industry where we engage  with it to have some fun with a twist of the chance of winnings.  
hero member
Activity: 1372
Merit: 908
September 24, 2023, 05:43:29 PM
#31
In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.
Taking gambling as a source of income is really a wrong idea. If you think of making money through gambling, then you are trying to cause problems for yourself. When gambling, we always have equal chances of winning and losing, there is no assurance that anyone is going to win. The funniest part is that whenever you are confident about a particular bet, then you might end up losing it, so there is no assurance. That's why gambling shouldn't be taken as a source of income. Gambling should be done for fun, whenever you win, the money can be used, but don't have it in mind that you will be making money from gambling.
legendary
Activity: 1162
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Leading Crypto Sports Betting & Casino Platform
September 24, 2023, 05:41:49 PM
#30
If we consider there is 100% fairness in games like slots, plinko, dices, etc; then indeed we can say it is all about luck. On the other hand, when we talk about betting, poker and other card games, then I would say there is a small percentage of the win chance which is directly dependent on the player's ability and intuition to foresee and outcome.

That is why when I read people talking about mindset or strategies for games, like those I first mention, to me does not make much sense. It would be easier to talk about strategy when playing poker instead.

Strategies I can think of that will work on casino games are usually just Martingale and max bet upon x times of loss, which to me does not make much sense as these can be considered as bankroll management and not directly a strategy to defeat the game. I don't know what kind of 'strategy' will work to a game that is governed completely by luck and variance, because if there's one then I'm pretty sure people would know about it and use it all the time.

We can either call it bankroll management or strategies, still do not change the fact that results got through them can vary largely thanks to luck.

Actually, Martingale is a bankroll management technique which is obviously pretty prohibitive most the majority of gamblers, because it can require more and more money in an exponential way so one could recover from losses eventually with a single good luck strike. I have not seen anyone, but a few people around here to try it and offer screenshots as evidence and I felt impressed on how much risk such management involves...
hero member
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Not Your Keys, Not Your Bitcoin
September 24, 2023, 05:40:50 PM
#29
In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.

If you are gambling to make money, then you are simply broke and looking for a way to use gambling as a means to make money, doing that alone with the emotional financial imbalance can make you do wrong choice in selection and playing, instead of you to apply skill to win, you will b judgemental about your decisions and that's why it's neve good to think that gambling is the best way to make cash at hand.

Secondly, it's your head that gives you good choice of selection, luck is there no doubt, but the beginning of your luck start from what comes out from your head. If your head pick wrong option, you will lose and continue to lose but when you choose with your head and it comes out fine, that's when you can call it luck because using your head to determine what you don't know but have it the way of your expectations is really great, if your head is not good or has zero knowledge about it, you will lose more instead of making more.
hero member
Activity: 714
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Goodnight, ohh Leo!!! 🦅
September 24, 2023, 05:33:57 PM
#28
In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low.
Heyyy shhhhhhhhhhh.....have you forgotten you're promoting a gambling site? Lol.. they're not just gonna pay you anymore Tongue

Well, everyone knows it pays only about 13% outta the whole population that gamble annually....  like, that's crazy  ; cause at the end of the day, you're losing but they're just gonna make it look like you win most of the time... If you gamble with bankrolls, don't dispose 'em... Accumulate the whole potential wins and deposits and you'll see the truth for yourself...

Sandra 🧑‍🦰
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