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Author Topic: In gambling, Money is more important than knowledge and luck  (Read 8170 times)
naidray
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August 07, 2016, 06:37:03 PM
 #161

I would like to say that knowledge is power. So in having that knowledge wouldn't it be the only thing that you need to out do the casinos at their own game?
Sure luck can play a role in you winning or losing but you can not rely on that all the time.
I try not to put money on a pedestal because as my great grand father told me once "Without your health money is nothing to you in this world." There is always ways to make some money but without your health (mental health not just your body he was talking about as well.) you don't have the resource to be able to do that.
I agree with you as knowledge can help you a lot while placing a bet and not only in casino games or sports, sometimes it helps you in other games too like dice. There are some people who are experts in permutations and combinations who always are able to guess the next number and it helps them a lot. Luck is not in one's hand and money needs to be managed well.
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August 08, 2016, 05:20:46 AM
 #162

I would like to say that knowledge is power. So in having that knowledge wouldn't it be the only thing that you need to out do the casinos at their own game?
Sure luck can play a role in you winning or losing but you can not rely on that all the time.
I try not to put money on a pedestal because as my great grand father told me once "Without your health money is nothing to you in this world." There is always ways to make some money but without your health (mental health not just your body he was talking about as well.) you don't have the resource to be able to do that.
I agree with you as knowledge can help you a lot while placing a bet and not only in casino games or sports, sometimes it helps you in other games too like dice. There are some people who are experts in permutations and combinations who always are able to guess the next number and it helps them a lot. Luck is not in one's hand and money needs to be managed well.

for me Luck is the most important key in gambling and second is knowledge. it is a matter of probability on winning and losing in gambling. No pattern and formula for that, even if it have a pattern, i think normal human will never be unlock it since casino and other dice game is using a different kind of script. And for probability based game, People with knowledge but without luck is always losing the game. Even if albert einstein play it. i think he will not guarantee his win. So far i can't see any person who gamble and never been lose. and if that happened, i think im wrong with my opinion. And knowledge will be better than luck


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August 08, 2016, 05:23:24 AM
 #163

I would like to say that knowledge is power. So in having that knowledge wouldn't it be the only thing that you need to out do the casinos at their own game?
Sure luck can play a role in you winning or losing but you can not rely on that all the time.
I try not to put money on a pedestal because as my great grand father told me once "Without your health money is nothing to you in this world." There is always ways to make some money but without your health (mental health not just your body he was talking about as well.) you don't have the resource to be able to do that.
I agree with you as knowledge can help you a lot while placing a bet and not only in casino games or sports, sometimes it helps you in other games too like dice. There are some people who are experts in permutations and combinations who always are able to guess the next number and it helps them a lot. Luck is not in one's hand and money needs to be managed well.

Yeah. If you only have a large bankroll but no knowledge you will be burning through your cash pretty fast. To be successful in gambling you need to have both. You need the understanding of the game to know when to bet big and when to bet small. But you also need the funds to survive some bad beats in a row.
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August 08, 2016, 05:28:19 AM
 #164

I would like to say that knowledge is power. So in having that knowledge wouldn't it be the only thing that you need to out do the casinos at their own game?
Sure luck can play a role in you winning or losing but you can not rely on that all the time.
I try not to put money on a pedestal because as my great grand father told me once "Without your health money is nothing to you in this world." There is always ways to make some money but without your health (mental health not just your body he was talking about as well.) you don't have the resource to be able to do that.

this is a good statement and i really like it. with knowledge we can get money, but without health, we are nothing. so i think it will be health, knowledge, then money. because with being healthy, we can do whatever we want. we can do jobs, gambling, or other activity. this is just my opinion.

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August 08, 2016, 05:30:31 AM
 #165

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.
Well i think the most important one of those three is money since you can't gamble without it. And you can only manage to get profit if you have enough knowledge on what you are doing.
I don't think knowledge provides any advantage when gambling on luck based games, money and luck is the most important thing in gambling to make profit. Cheesy
Yes according to me also The Money is the first part we must need this otherwise betting is not possible. And rest of two will depend on what games we play. Suppose if we choose slot games then we must need Luck. And in sports betting and poker games with our Knowledge, we can manage our bets.

Yeah that is the right choice money is really everything in gambling and knowledge doesnt have anything to do with gambling becausw without knowloedge you still can win a lot of money if you have luck. Huge amount of money will slightly boost your luck too so I think money and luck will be best to get if you want to gamble
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August 08, 2016, 05:36:05 AM
 #166

I would like to say that knowledge is power. So in having that knowledge wouldn't it be the only thing that you need to out do the casinos at their own game?
Sure luck can play a role in you winning or losing but you can not rely on that all the time.
I try not to put money on a pedestal because as my great grand father told me once "Without your health money is nothing to you in this world." There is always ways to make some money but without your health (mental health not just your body he was talking about as well.) you don't have the resource to be able to do that.
I agree with you as knowledge can help you a lot while placing a bet and not only in casino games or sports, sometimes it helps you in other games too like dice. There are some people who are experts in permutations and combinations who always are able to guess the next number and it helps them a lot. Luck is not in one's hand and money needs to be managed well.

Yeah. If you only have a large bankroll but no knowledge you will be burning through your cash pretty fast. To be successful in gambling you need to have both. You need the understanding of the game to know when to bet big and when to bet small. But you also need the funds to survive some bad beats in a row.

Having big bankroll alone is not enough to be successful in gambling. You need to also have that skill on how to properly manage your bankroll and at the same time calculate the losing streak you can take and win in the long run. You must have idea on as to when to bet and how much are you going to bet for that session. If you lose on that session, you still have plenty more as you have properly managed your bankroll.
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August 08, 2016, 06:29:26 AM
 #167

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.
Well i think the most important one of those three is money since you can't gamble without it. And you can only manage to get profit if you have enough knowledge on what you are doing.
I don't think knowledge provides any advantage when gambling on luck based games, money and luck is the most important thing in gambling to make profit. Cheesy
Yes according to me also The Money is the first part we must need this otherwise betting is not possible. And rest of two will depend on what games we play. Suppose if we choose slot games then we must need Luck. And in sports betting and poker games with our Knowledge, we can manage our bets.
Money is the most important of all as everyone needs to know that knowledge does not help at all times and luck is something we can not depend on or change. One thing that's in our hand and important is money as that's the reason we are into gambling field and each bet involves some money to allow us to keep on gambling. Without money we will be out of gambling literally.
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August 08, 2016, 06:20:35 PM
 #168

Money is the one that we need to control while knowledge is gained by experience (especially in gambling websites). Many times we use our instinct and win games but luck is a rare factor. It's not that people who win big have a lot of knowledge or are very lucky but it's just that they must have had a good experience while gambling which should be the most important factor of all.

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August 11, 2016, 06:08:25 PM
 #169

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.

For me it is knowledge. Because even if you start with a small amount it can get big with your knowledge on how to play it. If you have the right knowledge you will know when to stop playing and control yourself from getting greedy. Luck is just a bon  us in gambling it doesn't happen everytime.
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August 11, 2016, 06:11:51 PM
 #170

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.

For me it is knowledge. Because even if you start with a small amount it can get big with your knowledge on how to play it. If you have the right knowledge you will know when to stop playing and control yourself from getting greedy. Luck is just a bon  us in gambling it doesn't happen everytime.

But until you get this knowledge you're talking about, you'll keep on loosing and loosing. It's part of the game. Controlling yourself is the hardest part of it.
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August 11, 2016, 06:14:02 PM
 #171

Money is clearly more important than knowledge. I don't think its more important that luck though because if you have good luck money comes in second place then. For example if you hit the jackpot with very few spins it is not that important how much money you had in your bankroll you won it big. In this sense luck is more important but when you are having bad luck if you have a higher bankroll you can turn this bad luck into a good luck after some time so in this other sense money is more important.
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August 13, 2016, 05:49:46 AM
 #172

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.

1. With bigger bankroll you can bet safer to win some fixed amount, but if you will lose it will hurt much more.

2. Knowledge depends on game, on Blackjack you need to know the strategy to maximize your chances, on Dice you just need to set your desired win and make a bet. Sportsbetting and poker require the most knowledge and skill.

3. No one controls luck, because it's the most important thing in gambling. You can't do anything about it so don't think about it.
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August 13, 2016, 06:06:14 AM
 #173

Money is clearly more important than knowledge. I don't think its more important that luck though because if you have good luck money comes in second place then. For example if you hit the jackpot with very few spins it is not that important how much money you had in your bankroll you won it big. In this sense luck is more important but when you are having bad luck if you have a higher bankroll you can turn this bad luck into a good luck after some time so in this other sense money is more important.

That is fact we can't deny the importance of money in gambling but knowledge is also very important in some games like poker, blackjack and sports betting, by using our knowledge we can increase our winning chances into these games, luck made much easy to win even with low amount too, especially in luck based games.
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August 15, 2016, 01:41:04 PM
 #174

Luck is the main factor in gambling then money then knowledge.if you don't have good luck you will all your money much money you have and also don't work knowledge in gambling.Everyone have initial money to start gambling if your luck with you will win every time Grin

Yes, because luck is really main thing in all of them, if you have luck than of course you have money. Because i never saw a man who has a bad luck and he has a lot of money. Have you seen that kind of man? Definitely lucky person have money, so first thing is Luck and secondly Money and finally also Luck, i think gambling not enough need knowledge. 
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September 24, 2016, 10:26:41 AM
 #175

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 like to share my opinion with you sir!. now here is my opinion i would like to choose luck because luck is to win and luck is very important to gambling when you dont have any skils but you have luck with you and everytime you play a gambling game no more losing for gambling because luck is to win and to win you gotta believe in your luck being smart is good but its limited and also the knowledge same with the smart if something new wil come up like a new gambling game with greater income now you got no knowledge about it but there is luck with no you will see the result to win the game.. thats my opinion thank you. 
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September 24, 2016, 10:54:15 AM
 #176

Luck is the main factor in gambling then money then knowledge.if you don't have good luck you will all your money much money you have and also don't work knowledge in gambling.Everyone have initial money to start gambling if your luck with you will win every time Grin

Yes, because luck is really main thing in all of them, if you have luck than of course you have money. Because i never saw a man who has a bad luck and he has a lot of money. Have you seen that kind of man? Definitely lucky person have money, so first thing is Luck and secondly Money and finally also Luck, i think gambling not enough need knowledge. 

Good luck indeed something incredible good luck, because it is a very good advantage to those who get it. But this will not happen on gambling, because luck in gambling will only provide a tremendous defeat. for every victory gained will definitely make them the more greedy and brutal in play
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September 24, 2016, 10:59:40 AM
 #177

It is a triangle of all these three if you have them you have sure wins wherever you put hands on. As for me I will say luck and money is more important that knowledge as little bit information is sufficient to perform gambling. Many games which is luck based you need to press buttons or choose one team from two in sports betting.
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September 24, 2016, 12:25:21 PM
 #178

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.
If you are trying to gambled with your money convert it into bitcoin and cryptopcurrency it is much more profitable if you are going to trade it than to gambling , gambling is just for luck and not for fun gambling has many potentional and importance benifits but for me gambling will be no longer profitable

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September 24, 2016, 12:38:05 PM
 #179

I strongly choose to disagree. The amount of money you bet with has no statistical correlation with the return you attain. If anything, some houses right odds to work against you once the amount you put in increases in value. What your hypothesis might entail is the belief that as the number of bets you can place increases, your odds of winning increases. This may or may not be true but there is yet to be statistical proof of the same.

That said if you are betting any way you might as well bet on the stock markets and make a good win.
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September 24, 2016, 12:51:10 PM
 #180

I sort of agree on OP. Money is needed to start when you're gambling. It's hard to gamble with rocks when your opponents are gambling with real money. In games like poker, you can pretend that you have an excellent pair of cards by raising a huge amount of money, in this way, people would be scared and fold even if they actually have a pair of card better than yours. Money is another factor in gambling but skills and luck are the most essential ones that you need to have in gambling.

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