Luck and skill, which is more important for gambling success?

DaNNy001

hero member

Activity: 644

Merit: 520

Leading Crypto Sports Betting & Casino Platform

Quote from: adultcrypto on November 11, 2023, 11:13:56 AM

I have the believe that success in gambling requires a mixture of luck and skill. This is opposed to some people that believe that gambling is entirely a game of luck and others who believe it is entirely a game of skill.

So I am tempted to inquire if skill is all that is needed to be successful in gambling or luck. Whichever be the option, which of them is the most important factor for gambling success?

This issue has been discussed several times here and their is always different thought to the question laid out there for the gamblers but the truth is that everything always boils down to one major factor which is even if the stats show that in gambling skills are essential for one to effectively have wins, something still remains which is LUCK still lays supreme because even the most forcase game in terms of team and players strength can still disappoint you.

Agbamoni

sr. member

Activity: 434

Merit: 316

Fine by Time

Quote from: Bitinity on November 23, 2023, 08:46:52 PM

Quote from: adultcrypto on November 11, 2023, 11:13:56 AM

I have the believe that success in gambling requires a mixture of luck and skill. This is opposed to some people that believe that gambling is entirely a game of luck and others who believe it is entirely a game of skill.

There is no gambling games which is 100% based on skills, even in sports betting and pvp poker, luck is still taking a big part in the outcome. I wonder who are those people who believe that there is a gambling game which is entirely game of skill? You can be very talented and skillful sports bettor or poker players, but when you are out of luck, your skills and knowledge cant give you a win.

Your right, there is no skill that is relatable to gambling. A person may be lucky to predict and unexpectedly win bets but not because that is his skill but because he is lucy and irrespective of someone has to do thorough analysis on bets gambling mostly all about luck and chances. I have seen good video games player, but they do not know anything about gambling. So, you won't judge someone because he has little knowledge on spots, video games and get recent happenings on all sport events. You don't expect him/her to be good at gambling. Gambling is mostly luck but at a point there are persons that do proper analysis and follow up sport information and sometimes predict games that are correct especially in football.

atamism

member

Activity: 463

Merit: 11

SOL.BIOKRIPT.COM

I'm in between, I can't say I'm more into skill and more into luck. If you are pertaining to a particular sports or game I will choose skill, like for example in Poker you can use your bluffing skill, in Blackjack is counting cards, and etc. Luck for slot machines, dice, Roulette, and color game. So it depends on what game you are playing. I really love playing color game that is favorite betting game since then and that is a luck game. I only play for fun.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: dezoel on November 28, 2023, 04:33:30 AM

Quote from: Jawhead999 on November 24, 2023, 05:46:32 AM

Luck.

Even you've analyze the game, familiar with the game and choose the best possibility in order to win, but shit can happen because of luck. While someone who doesn't understand about the game and bet on a random team can win because they're lucky.

But that doesn't happen all the time, you will barely see a team that has great players and is mostly consistent with their game losing to a lower side all the time but it might happen once in a blue moon which is very rare. So, when it comes to sports betting, we can't say that luck is more important for gaining success because your knowledge and experience will play a greater role in this part of gambling since you need to know the teams and their players to be able to choose the best side.

The ones who win by randomly choosing a side can't do that with all the games because they are guessing. I'll give you an example, take two people, give them a paper with 20 MCQs on it, and out of the two people, one has a lot of knowledge about what the questions are about and the other one has no knowledge at all. So the one with zero knowledge will mark the answers with guesses while the other one will mark the right answers except for a couple that he didn't know. Now, who will have a higher chance of having marked more correct answers?

Upsets could really happen but on the thing that you do said which is actually true that it doesnt happen all the time and there would really be times that you would really be needing to be that sensible and wise with your choice according into those statistical approach when we do speak or talk about numbers. Betting on sports would really be that matter and something that would be counted because if you do find out yourself
to be knowledgeable into a certain team or player on which of course it is really that something that would really be an edge compared into those people who are making some blind bets
and to those who do make out some underdog betting just because they are really just that basing on the odds were given. If you dont really apply any analysis with any of your bets then
expect that it cant really be able to give out assurance that winning percentage or chance is really that less.

Success in gambling is something that shouldnt really be mind about because even on sports betting on which LUCK would really be always a great factor for someone to be able to
succeed or become that profitable but of course it would really be just that depending.

Sim_card

hero member

Activity: 560

Merit: 511

Quote from: Bitinity on November 23, 2023, 08:46:52 PM

Quote from: adultcrypto on November 11, 2023, 11:13:56 AM

I have the believe that success in gambling requires a mixture of luck and skill. This is opposed to some people that believe that gambling is entirely a game of luck and others who believe it is entirely a game of skill.

There is no gambling games which is 100% based on skills, even in sports betting and pvp poker, luck is still taking a big part in the outcome. I wonder who are those people who believe that there is a gambling game which is entirely game of skill? You can be very talented and skillful sports bettor or poker players, but when you are out of luck, your skills and knowledge cant give you a win.

I agree with you mate and that us why it is called gambling because it is a game of luck and not skill. That is why there are some games that depend on luck and people are still gambling with such games. Anyone that thinks that gambling is more of skill than luck, then we would be having more gamblers winning than losing because most people gamble with games that they know how to play more than the ones that they don't have any idea on. This is why it is advised to only gamble with the amount that you can afford to lose.

Marvelman

full member

Activity: 1008

Merit: 139

★Bitvest.io★ Play Plinko or Invest!

Quote from: Roseline492 on December 06, 2023, 12:28:37 PM

Quote from: adultcrypto on November 11, 2023, 11:13:56 AM

So I am tempted to inquire if skill is all that is needed to be successful in gambling or luck. Whichever be the option, which of them is the most important factor for gambling success?

In as much as most people feel that gambling is a game of luck I still insist that gambling is more of skills than Luck if there is any because most of those gamblers that makes more winings are people that has strategy or the skills so perhaps irrespective of how so many persons normally lose on gambling there are also people who has made a fortune through gambling because they removed the greed of getting rich quick and just stick to the little strategy they feel they can be making winings even if the wining amounts is not much but consistently it will worth something.

This idea that gambling depends more on skill versus luck is a myth and dangerous way of thinking. It's led so many people to financial ruin. Sure, a few card sharks can play with some tactics to improve their odds tiny bit, but the long haul probabilities work against them anyway.

Also, thinking greed's the only thing messing people up is misguided as well. Greed may not be the sole motivator for some gamblers, but the desire to win is still a main driving force.

ChiBitCTy

legendary

Activity: 2282

Merit: 3014

It all depends on what type of gambling you're doing. Playing slots? Pure luck. Roulette, blackjack, Poker, sports betting, all gambling "games" that are large part skill and plenty of luck as well. Gambling will almost always include luck..but that's like with most things in life. The real game is learning how to take luck out of the equation as much as possible. Not always so easy, of course.

Roseline492

sr. member

Activity: 476

Merit: 276

Quote from: adultcrypto on November 11, 2023, 11:13:56 AM

So I am tempted to inquire if skill is all that is needed to be successful in gambling or luck. Whichever be the option, which of them is the most important factor for gambling success?

In as much as most people feel that gambling is a game of luck I still insist that gambling is more of skills than Luck if there is any because most of those gamblers that makes more winings are people that has strategy or the skills so perhaps irrespective of how so many persons normally lose on gambling there are also people who has made a fortune through gambling because they removed the greed of getting rich quick and just stick to the little strategy they feel they can be making winings even if the wining amounts is not much but consistently it will worth something.

BitcoinTurk

hero member

Activity: 1666

Merit: 629

I think it is important to specify the preferred gambling game in order to clearly state whether the most important factor in gambling is luck or skill. For example, we all know that for sports betting skill is more important but for traditional gambling games the luck factor is more important. So, in order to give a clear answer it would be more accurate to make a comment after specifying the preferred type of gambling, which is important.

In summary, I can state that skill is more dominant for types of gambling that require knowledge and experience but the luck factor is more dominant in traditional gambling games.

Ricardo11

full member

Activity: 532

Merit: 229

Winning at gambling requires luck above all, because when luck is not on your side, you will lose the game no matter how much skill you have. But I will not only talk about luck, also skill is required to win in gambling, because without skill you cannot win the match. So I think winning at gambling requires both luck and skill.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: dezoel on November 28, 2023, 04:33:30 AM

The ones who win by randomly choosing a side can't do that with all the games because they are guessing. I'll give you an example, take two people, give them a paper with 20 MCQs on it, and out of the two people, one has a lot of knowledge about what the questions are about and the other one has no knowledge at all. So the one with zero knowledge will mark the answers with guesses while the other one will mark the right answers except for a couple that he didn't know. Now, who will have a higher chance of having marked more correct answers?

You can try this experiment where you have x number of questions and each has four options. If you get the same option as answer for all the questions, you will be correct 25% of the time because there are only 4 options.

Keeping that aside, of course the person who knows the subject will answer more correctly. But gambling is not like that, here you knowledge makes no difference if it is an EV- game and makes little difference if it is an EV+ game. Luck is what makes the rest of the equation. It is enough to wipe out your entire money in one single stroke.

Hence luck gets the major hand here. Gambling hence should be limited to a source of entertainment and not for making money.

dezoel

legendary

Activity: 2044

Merit: 1075

Leading Crypto Sports Betting & Casino Platform

Quote from: Jawhead999 on November 24, 2023, 05:46:32 AM

Luck.

Even you've analyze the game, familiar with the game and choose the best possibility in order to win, but shit can happen because of luck. While someone who doesn't understand about the game and bet on a random team can win because they're lucky.

But that doesn't happen all the time, you will barely see a team that has great players and is mostly consistent with their game losing to a lower side all the time but it might happen once in a blue moon which is very rare. So, when it comes to sports betting, we can't say that luck is more important for gaining success because your knowledge and experience will play a greater role in this part of gambling since you need to know the teams and their players to be able to choose the best side.

The ones who win by randomly choosing a side can't do that with all the games because they are guessing. I'll give you an example, take two people, give them a paper with 20 MCQs on it, and out of the two people, one has a lot of knowledge about what the questions are about and the other one has no knowledge at all. So the one with zero knowledge will mark the answers with guesses while the other one will mark the right answers except for a couple that he didn't know. Now, who will have a higher chance of having marked more correct answers?

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: adultcrypto on November 23, 2023, 08:19:55 PM

Quote from: Silberman on November 23, 2023, 02:49:39 PM

Luck is not something that you can acquire or do anything to influence its appearance, if you get it on your side then good for you as you may get some profits during that period of time, however as we know the odds are against us when we are gambling at any casino, so given enough time regardless of how lucky a person may believe themselves to be, eventually their luck will take a turn for the worse and they will give back any money they may have won during that lucky streak.

Does this mean that even with luck on one's side, the casinos will always win? Do you think there are no people who have made fortune from casinos? I don't think I agree with you because there are people who have won millions of dollars from casinos who may have invested the money properly, they will not give them back to the casinos even if they experience the worst of bad luck.

The casinos will not always win, if that was the case then no one will gamble as what it is the point of playing a game in which you know for a fact that you will always lose? However it is an unlikely occurrence and winning big is even more unlikely, and while you hear all the time about the lottery winners and the great fortune they made, something that is not often mentioned is that the majority of those people go bankrupt just a few years after their big win, as they had no previous experience with that amount of money and they do not know how to manage it.

Dewi Aries

legendary

Activity: 2716

Merit: 1092

Leading Crypto Sports Betting & Casino Platform

Quote from: Jawhead999 on November 24, 2023, 05:46:32 AM

Luck.

Even you've analyze the game, familiar with the game and choose the best possibility in order to win, but shit can happen because of luck. While someone who doesn't understand about the game and bet on a random team can win because they're lucky.

It's like this, it's true that you say someone who doesn't understand or a beginner who plays carelessly but can make a win because of his luck, but for those who play nicely understand all aspects of the game and bet very carefully but don't get a win because of the absence of luck on them so they can't get the winnings that have been told as much as possible.

This proves that luck plays a greater role than skill, because in my own opinion, I don't need good skills in gambling just rely on luck, no matter how good the skills are even with people who are great at gambling, it's useless if they are not lucky.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: retreat on November 23, 2023, 08:51:13 PM

It depends on the game you play, if it's like slots or sportsbook, maybe luck is better than skill. But if it's a game like a board game, maybe skill is more necessary than luck.
However, if you look broadly at gambling, what is really needed most is luck, in any game, luck definitely plays an important role. No matter how good your skills are, if you don't have luck it will be in vain in the end.

I disagree with sportsbook as a luck-reliant game. It's not. I think most bettors on that know the possible outcome of the game. Not 100 percent accurate but they do have an idea of how it will end up by checking stats, and history, or they just know the team or the player that will be playing. Analysis is much needed when it comes to sports betting, just blindly betting could end up in a loss or a lack of knowledge about the preferred game.

Board games, yes, poker especially. That's a skill-based game because even the lowest card or a non-winning card can be a winner using bluffs. But, it's best played physically, I don't really like online poker today even though you can see the players on your screen. There are habits that cannot be stopped which could help out to know if the opponent is bluffing or not.

junder

hero member

Activity: 1092

Merit: 507

Leading Crypto Sports Betting & Casino Platform

Quote from: Bitinity on November 23, 2023, 08:46:52 PM

Quote from: adultcrypto on November 11, 2023, 11:13:56 AM

I have the believe that success in gambling requires a mixture of luck and skill. This is opposed to some people that believe that gambling is entirely a game of luck and others who believe it is entirely a game of skill.

There is no gambling games which is 100% based on skills, even in sports betting and pvp poker, luck is still taking a big part in the outcome. I wonder who are those people who believe that there is a gambling game which is entirely game of skill? You can be very talented and skillful sports bettor or poker players, but when you are out of luck, your skills and knowledge cant give you a win.

I agree with what you said, in my opinion also luck has a major role in any gambling, even if there are people who are experienced or have been gambling for a long time and can even be said to be experts in gambling whether people like him will always get a win in every gambling, in my opinion not. Even if they are like that if they are unlucky then they will not get a win, now turn around. If a newbie comes to gambling and has good luck, with one play they will get their winnings and go home to enjoy the victory of their luck.

Skill in gambling only plays a small role, and it also does not have a big effect, the winner is still luck. Maybe there are those who play gambling with skills but what kind?
I also don't know. And the victory that is obtained, in my opinion, is due to the basis of luck not skill.

Jawhead999

legendary

Activity: 1820

Merit: 1207

Luck.

Even you've analyze the game, familiar with the game and choose the best possibility in order to win, but shit can happen because of luck. While someone who doesn't understand about the game and bet on a random team can win because they're lucky.

Ever-young

sr. member

Activity: 1288

Merit: 231

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: adultcrypto on November 11, 2023, 11:13:56 AM

I have the believe that success in gambling requires a mixture of luck and skill. This is opposed to some people that believe that gambling is entirely a game of luck and others who believe it is entirely a game of skill.

So I am tempted to inquire if skill is all that is needed to be successful in gambling or luck. Whichever be the option, which of them is the most important factor for gambling success?

It wouldn't be wrong to say that gambling is a game of luck, but it's wromg if you claim it's entirely a game of luck. In as much as your gambling skills doesn't guarantee your win, you still need skill to guide you towards making a more possible/accurate choices while gambling, you can't completely rely on luck alone, you need skill.

On the contrary I think people argue more that gambling is moreof skill than luck, which I also disagree on. You're completely right when you say one needs both luck and skill. Sometimes your skill gives you an advantage and sometimes your luck increases your chances of winning.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Hirose UK on November 23, 2023, 09:34:43 PM

Quote from: retreat on November 23, 2023, 08:51:13 PM

It depends on the game you play, if it's like slots or sportsbook, maybe luck is better than skill. But if it's a game like a board game, maybe skill is more necessary than luck.
However, if you look broadly at gambling, what is really needed most is luck, in any game, luck definitely plays an important role. No matter how good your skills are, if you don't have luck it will be in vain in the end.

Yes, I agree that almost all gambling games depend on luck, but there are some that can't just rely on luck because if you just rely on luck without knowledge, the chances of winning will also be smaller and we don't know when luck will come.
I still wonder why many gamblers actually say that luck still influences everything, even though not all games or bets are just about luck to win.

That means in gambling games, we can win if we have luck, especially in luck-based gambling games. And we might be able to win at skill-based gambling games if we have the knowledge to play them. Someone who has no knowledge of skill-based gambling games can win and that means that person got lucky. So luck still influences everything because people are just curious about the gambling game and want to know how to play it. But they won't always be able to win if they repeat it another day because after all, they still have to have the skills to be able to win.

Hirose UK

hero member

Activity: 1302

Merit: 503

Leading Crypto Sports Betting & Casino Platform

Quote from: Bitinity on November 23, 2023, 08:46:52 PM

Quote from: adultcrypto on November 11, 2023, 11:13:56 AM

I have the believe that success in gambling requires a mixture of luck and skill. This is opposed to some people that believe that gambling is entirely a game of luck and others who believe it is entirely a game of skill.

There is no gambling games which is 100% based on skills, even in sports betting and pvp poker, luck is still taking a big part in the outcome. I wonder who are those people who believe that there is a gambling game which is entirely game of skill? You can be very talented and skillful sports bettor or poker players, but when you are out of luck, your skills and knowledge cant give you a win.

In sports betting and also poker games luck only plays small role because there almost the winning percentage is greater when the gambler has good knowledge and experience.
I believe sports betting and poker games can really be won when skills can really produce predictions and also how to manage cards to get the biggest numbers.
When there is knowledge and skill, each gambler can consider what betting option to choose in sports match and also the gambler can guess what cards the opponent has so they have to rack their brains to get and sort the cards so that they have larger number.
These two types really can't be done if you just rely on luck.

Quote from: retreat on November 23, 2023, 08:51:13 PM

It depends on the game you play, if it's like slots or sportsbook, maybe luck is better than skill. But if it's a game like a board game, maybe skill is more necessary than luck.
However, if you look broadly at gambling, what is really needed most is luck, in any game, luck definitely plays an important role. No matter how good your skills are, if you don't have luck it will be in vain in the end.

Yes, I agree that almost all gambling games depend on luck, but there are some that can't just rely on luck because if you just rely on luck without knowledge, the chances of winning will also be smaller and we don't know when luck will come.
I still wonder why many gamblers actually say that luck still influences everything, even though not all games or bets are just about luck to win.

Topic: Luck and skill, which is more important for gambling success? (Read 1121 times)