Luck and skill, which is more important for gambling success? - page 3.

ethereumhunter

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Quote from: Silberman on November 19, 2023, 04:32:03 PM

Those which may like to enjoy some level of success when they gamble have no other option but to try skilled based games, and this is because as attractive as it can be to win in the games in which we rely on our luck completely, since we do not need to do anything in order to win, it is also true we have no control whatsoever over the outcomes we may get by choosing this route, meaning we have to discard it and choose the only option left over the table that allows us to have some control over our gambling outcomes.

If they try skill-based gambling games without having the skills to play them, they will have difficulty winning them. Even people who are skilled at playing them also don't have a big chance of winning. Maybe some people feel hopeless seeing that they can't win even a small amount of money and that is because their luck doesn't come when they gamble. He should be able to realize this after gambling for a while. When he realizes it, he should be able to stop gambling because if he continues gambling, he could experience a lot of losses, especially if he loses control of himself. Those who lose gambling will usually have the desire to recover their losses or at least be able to break even so that the losses are not too big. If it were easy, of course, many gamblers would have succeeded in getting it, but the reality is that the number of gamblers who lose is increasing.

swogerino

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I have already said my view but I want to summarize it in a much better way.If you have luck by your side,skill is definitely not needed at all,as long as luck is by your side you are guaranteed to keep consistent profit over the long term and it is exactly when luck runs out that everything starts to grey out and become darker and darker without it.Based on this I would say definitely at 100% being sure that luck is much more relevant not only on luck relying games like slot machines but also in sport betting or poker where skill is involved.You can be as skillful as you want to find good matches to bet on,it only takes a referee to ruin them all for you.

Richbased

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Quote from: Outhue on November 21, 2023, 09:32:30 AM

Skills only take the lead where it's really needed, how many gambling games can be won with Skill? Maybe poker that's it, and even in poker you still need to be lucky to win, I think gambling is asking for luck more than a skill player, even someone who have no idea about gambling before can decide to start today and he is welcome with good winning, you can also see that many gamblers that are highly skilled still struggles to win from time to time.

Either skilled or not, what I have understand about gambling is that the 99% will always lose money and they 1% will be the lucky ones, if it's all about skill there will be many gamblers who are millionaires today, it's not easy to be a gambler who wins most of his time gambling.

When we talk about skill we are talking about what we learn and know it perfectly that at any time it can be defended very well, now gambling is a game of chance that no matter how you claim to know gambling we still end losing most times so by this explanation we can see that gambling is pure luck that's why it ought to be played for fun so if one gains while gambling it doesn't mean they can be lucky as well next time.

Sometimes, knowing about some ethics like checking from previous events and also referencing the outcome to the current event also helps as it will give an edge to know the procedure to follow in other to win

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Quote from: Outhue on November 21, 2023, 09:32:30 AM

Either skilled or not, what I have understand about gambling is that the 99% will always lose money and they 1% will be the lucky ones, if it's all about skill there will be many gamblers who are millionaires today, it's not easy to be a gambler who wins most of his time gambling.

Yes, that's the fact that until now not many people are rich because of gambling there are only people who fail and go bankrupt, this is actually not because gamblers are unlucky, most gamblers don't understand how to understand gambling even though gambling is only for entertainment, why are they so passionate? chasing victory and beating the dealer in the casino even though it is clear that it is very difficult.

There are no bookies or casinos that lose and go bankrupt, most of them create it to make money because they have prepared games for entertainment to all their users, but most of their users take it seriously and play gambling uncontrolled, so they lose a lot when gambling, they should understand the casino deeper is not a place to look for money nor to look for wealth

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Quote from: adultcrypto on November 11, 2023, 12:13:56 PM

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?

Personally, I wouldn't mind either of these assumptions too much. Because for some people who focus on gambling based on luck, it is very accurate to say that success in gambling cannot be separated from luck. On the other hand, for gamblers who do have basic abilities, their success is clearly based on the skills they have. It is said that because they are involved in gambling which prioritizes thinking skills so that attributing success to luck is considered inappropriate.

These 2 assumptions arise from 2 different people's points of view. Now you are trying to combine both, meaning in other words you like both. Sometimes you can play luck-based gambling and sometimes you also try to hone your thinking skills when playing at the poker table.

Outhue

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Skills only take the lead where it's really needed, how many gambling games can be won with Skill? Maybe poker that's it, and even in poker you still need to be lucky to win, I think gambling is asking for luck more than a skill player, even someone who have no idea about gambling before can decide to start today and he is welcome with good winning, you can also see that many gamblers that are highly skilled still struggles to win from time to time.

Either skilled or not, what I have understand about gambling is that the 99% will always lose money and they 1% will be the lucky ones, if it's all about skill there will be many gamblers who are millionaires today, it's not easy to be a gambler who wins most of his time gambling.

inthelongrun

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Some games cannot be strategized and to win, it depends on luck. There are also games which is a combination of both skill and luck like poker and some other games.

However, sports betting while it still needs luck is mostly based on learning and research skills. So for me, it is the most challenging kind of betting. This is why I am mostly into sports betting since I am more confident of getting a win. Besides, it is also more fun and thrilling to watch games when we have a bet. But we should also put it in our mindsets that betting is not a good source of income which is why we need to bet responsibly.

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Quote from: o48o on November 19, 2023, 07:37:08 PM

I am assuming that you are talking about sports betting because with casino it's all luck. In sports betting both are playing the part, but you have an edge because you can factor the probability to your decision on how to bet. Unlike casino games, where it's basically insignificant what you do.

I am however uncertain if you can calculate skill vs luck amount in sports gambling. IF i had to guess, it's more skills, but then again, it's a zero sum game. So even if every gambler would be skilled, they wouldn't be all winning.

There is a fairly clear difference in these two bets between bets that are purely about luck and there are also those where the percentage of luck can be increased by the skills we have such as the sports bets you mentioned, but the high percentage of luck in sports betting in my opinion will only be able to happen or be done by people who really know about the world of sports, because the skills that they understand will be able to increase the chances or potential for luck to be higher.

Even so, maybe you can also slip in calculating so that you make mistakes that lead to defeat, it is very likely to happen because of your mistakes in analyzing. Yes this way of working is very different from gambling which is really purely about luck alone, but on the other hand even though you already have good skills in the field of sports it does not mean that you become very likely or easy to get a win, because obviously and still refer to or you still really need luck as well to ensure the final result, this is the reason that sometimes skilled gamblers also cannot completely avoid defeat.

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Quote from: goinmerry on November 19, 2023, 06:35:11 PM

Quote from: Silberman on November 19, 2023, 04:32:03 PM

Those which may like to enjoy some level of success when they gamble have no other option but to try skilled based games, and this is because as attractive as it can be to win in the games in which we rely on our luck completely, since we do not need to do anything in order to win, it is also true we have no control whatsoever over the outcomes we may get by choosing this route, meaning we have to discard it and choose the only option left over the table that allows us to have some control over our gambling outcomes.

It's not that these gamblers have no option but to try skilled-based games but rather, they just gave up on the thinking that luck is always there playing luck-based games. In the first place, luck-based games won't be called luck-based if everything can be controlled and manageable here. Switching to other gambling-games is just fine but make sure they understand what they are dealing with.

For me, I don't want these gamblers to give up playing luck-based games and switch to skilled-based games just because they are running out of luck on the former. In skilled-based games, everything is not that easy, and don't expect that the winning chance is high. However, if that gambler is really serious about focusing on skill-based games, soon they can create a good strategy to win at most.

Understandable the concern about gamblers giving up on luck-based games and switching to skilled-based games just because they are losing. It's important to remember that gambling should be a fun and entertaining activity. I think betting on the games you understand is more excited and fun, This is how gambling
should be.

Skilled-based games require more effort and may not offer the same instant gratification as luck-based games, they can also be more rewarding in the long run. With practice and dedication, gamblers can develop strategies and skills that can help them win more consistently. Of course, there is no guarantee of winning in any type of gambling, but skilled-based games offer a more level playing field where success is not solely determined by luck. This can be a more appealing option for gamblers who are looking for a more challenging and rewarding experience.

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Quote from: o48o on November 19, 2023, 07:37:08 PM

I am assuming that you are talking about sports betting because with casino it's all luck. In sports betting both are playing the part, but you have an edge because you can factor the probability to your decision on how to bet. Unlike casino games, where it's basically insignificant what you do.

I am however uncertain if you can calculate skill vs luck amount in sports gambling. IF i had to guess, it's more skills, but then again, it's a zero sum game. So even if every gambler would be skilled, they wouldn't be all winning.

Even I would not call sports betting to be purely skill based because here we are just predicting the skill of a team and we never know if the team may not play according to the skills. We are just betting on the probability that if the team performs to their level best, the probability of the certain team is more in winning the match and we bet on it.

How often do we see that the team loses on whom we bet, because, on a given day, you never know how the team will perform and there may be external factors that may or may not favor the team on that particular days. Even sometimes a bad decision or bad umpiring can cause a match for the big team, but in fact, it will ruin the day for the gambler who thought that the more powerful team would win.

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Quote from: o48o on November 19, 2023, 07:37:08 PM

I am assuming that you are talking about sports betting because with casino it's all luck. In sports betting, both are playing the part, but you have an edge because you can factor the probability to your decision on how to bet. Unlike casino games, where it's basically insignificant what you do.

I am however uncertain if you can calculate skill vs luck amount in sports gambling. If I had to guess, it's more skills, but then again, it's a zero-sum game. So even if every gambler would be skilled, they wouldn't be all winning.

Yeah only sports bets really depend on gamblers' input such as in the analysis of the game and contribute greatly to what the final result of the match could be since you may be open to some information and previous performance of the team before you choose them for the best, and most times, this is the reason why many people want to only gamble through sports bets alone.

But not only in sports bets alone that the need for your skills contributes to your ability to win the games also in some poker games and other in-house games, one can easily apply skills to what we decided and also make huge wins, so in general, one neeneedsth luck and skills at all time to arrive at a successful ending.

o48o

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I am assuming that you are talking about sports betting because with casino it's all luck. In sports betting both are playing the part, but you have an edge because you can factor the probability to your decision on how to bet. Unlike casino games, where it's basically insignificant what you do.

I am however uncertain if you can calculate skill vs luck amount in sports gambling. IF i had to guess, it's more skills, but then again, it's a zero sum game. So even if every gambler would be skilled, they wouldn't be all winning.

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Of course both are the most important because gambling is a game of probability, so luck and skill are really needed.

I actually often pay attention to people who only gamble using luck alone, to be honest they will definitely lose, they don't know that the skill factor also influences winning when gambling.

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Quote from: adultcrypto on November 11, 2023, 12:13:56 PM

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 all depends on what you're betting on. If it's in sport betting you have to be skilled in your knowledge about the sport team and the league you're to bet on. Having knowledge about their current performance and form can help you make decisions with your bet that can create a close chance of you having a win with your bet. However, on alot games roulette you don't have to beat yourself on having skill about it provided your luck is the brightest for the day your winnings comes at ease, stress free on luck.

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Quote from: adultcrypto on November 11, 2023, 12:13:56 PM

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?

First of what kind of gambling are we talking here because for me if it is betting, and card games then you would need both luck and skill to be successful on it.
But there are games that doesn't really require skills and those games only need luck and proper management of funds.

goinmerry

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Quote from: Silberman on November 19, 2023, 04:32:03 PM

Those which may like to enjoy some level of success when they gamble have no other option but to try skilled based games, and this is because as attractive as it can be to win in the games in which we rely on our luck completely, since we do not need to do anything in order to win, it is also true we have no control whatsoever over the outcomes we may get by choosing this route, meaning we have to discard it and choose the only option left over the table that allows us to have some control over our gambling outcomes.

It's not that these gamblers have no option but to try skilled-based games but rather, they just gave up on the thinking that luck is always there playing luck-based games. In the first place, luck-based games won't be called luck-based if everything can be controlled and manageable here. Switching to other gambling-games is just fine but make sure they understand what they are dealing with.

For me, I don't want these gamblers to give up playing luck-based games and switch to skilled-based games just because they are running out of luck on the former. In skilled-based games, everything is not that easy, and don't expect that the winning chance is high. However, if that gambler is really serious about focusing on skill-based games, soon they can create a good strategy to win at most.

Silberman

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Quote from: ethereumhunter on November 18, 2023, 05:30:34 AM

Quote from: SeriouslyGiveaway on November 18, 2023, 02:49:16 AM

Quote from: adultcrypto on November 11, 2023, 12:13:56 PM

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?

- I believe that skills play a more crucial role than luck in gambling or any other field. Interestingly, I just read a post on this forum discussing the use of mathematical skills to win in gambling. You can check it out here: https://bitcointalksearch.org/topic/math-and-gambling-5474432

- Gambling is a game based on probability, and if you can calculate the probabilities, the chances of winning are high. To achieve that, you need skills. Luck, on the other hand, is just a secondary factor. If you lack skills, then, of course, luck becomes the most important factor for you! Grin

If you play skill-based gambling, you certainly need skills to be able to win. But that may not apply in luck-based gambling games because we rely more on luck. And that is why many gamblers try to have analytical skills so they can win their gambling games. But for some people, luck is only a secondary factor, especially for those who often play skill-based gambling because they feel that if they can analyze a match well and find a team that can win, they have the potential to win.

Those which may like to enjoy some level of success when they gamble have no other option but to try skilled based games, and this is because as attractive as it can be to win in the games in which we rely on our luck completely, since we do not need to do anything in order to win, it is also true we have no control whatsoever over the outcomes we may get by choosing this route, meaning we have to discard it and choose the only option left over the table that allows us to have some control over our gambling outcomes.

ethereumhunter

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Quote from: SeriouslyGiveaway on November 18, 2023, 02:49:16 AM

Quote from: adultcrypto on November 11, 2023, 12:13:56 PM

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?

- I believe that skills play a more crucial role than luck in gambling or any other field. Interestingly, I just read a post on this forum discussing the use of mathematical skills to win in gambling. You can check it out here: https://bitcointalksearch.org/topic/math-and-gambling-5474432

- Gambling is a game based on probability, and if you can calculate the probabilities, the chances of winning are high. To achieve that, you need skills. Luck, on the other hand, is just a secondary factor. If you lack skills, then, of course, luck becomes the most important factor for you! Grin

If you play skill-based gambling, you certainly need skills to be able to win. But that may not apply in luck-based gambling games because we rely more on luck. And that is why many gamblers try to have analytical skills so they can win their gambling games. But for some people, luck is only a secondary factor, especially for those who often play skill-based gambling because they feel that if they can analyze a match well and find a team that can win, they have the potential to win.

Litzki1990

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Quote from: bayu7adi on November 18, 2023, 12:36:52 AM

Absolutely... what makes every gambling endeavor interesting is LUCK , and what every gambler stakes is luck. If gambling relied solely on skill... i think many people should succeed in gambling, especially those with above average skills. They should be able to make money every day from gambling, shouldn't they?

If you want to earn money through skills in full time, work for it. That will give you an advantage. Even in poker games where skills play a significant role, it contributes no more than 10%. Luck will always be something valid to wager on unfortunate people will lose, and fortunate ones will take home the winnings. Fortune plays a substantial role in achieving success, whether in gambling or in business.

Before working in every subject one must have skill in that subject but gambling is a site where not only skill will help you to be successful but skill will also make you lucky. While in other jobs everything depends on one's skill, in gambling everything does not depend on skill. Granted we are very experienced and skilled in gambling but some gambling games really defy our experience and skill. Before I place a bet I understand that if I place this bet I will surely win and we place bets thinking that we will surely win but sometime we have to look at our luck that we will win this bet. A gambler has to focus on his skill as much as he has to rely on his luck. If luck favors a gambler along with good gambling skills then that gambler is sure to get good success from the gambling sector.

btc_angela

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Quote from: SeriouslyGiveaway on November 18, 2023, 02:49:16 AM

Quote from: adultcrypto on November 11, 2023, 12:13:56 PM

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?

- I believe that skills play a more crucial role than luck in gambling or any other field. Interestingly, I just read a post on this forum discussing the use of mathematical skills to win in gambling. You can check it out here: https://bitcointalksearch.org/topic/math-and-gambling-5474432

- Gambling is a game based on probability, and if you can calculate the probabilities, the chances of winning are high. To achieve that, you need skills. Luck, on the other hand, is just a secondary factor. If you lack skills, then, of course, luck becomes the most important factor for you! Grin

And so taken that into account, some of us doesn't do good at math or probabilities, after all we all play for fun and entertainment. But there could be other sides who wants to win money but they are not good at math.

So for them, everything will be just on luck I guess. And most likely they are going to play games that are easy to understand like slot machines, but we all know that its one of the worst odds for us as the games itself, based on numbers and data are not going to favor us.

Topic: Luck and skill, which is more important for gambling success? - page 3. (Read 1011 times)