Bitcoin Forum
November 10, 2024, 12:52:52 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3] 4 5 »  All
  Print  
Author Topic: Does Skill Work?  (Read 3108 times)
maku
Legendary
*
Offline Offline

Activity: 1288
Merit: 1000



View Profile
August 12, 2016, 12:57:34 AM
 #41

Actually in every task it needs strategy and skills so as in gambling,it needs skills and strategy.Once you gamble right from the start you have your plans on how you can win and earned,not that just by putting up to something without even thinking.Don't just say it was just for fun ,once your into gambling to earned and win matters,so it takes skills.

I don't think gambling is skill-based. Just a few categories, like sports betting. Except them, it's all about luck.

I don't consider BlackJack being a skill-based game either, not even partially. There are still random cards, you never know what you're going to get.
Actually in Blackjack there is a strategy called 'counting cards' which can bring you real advantage over the casino.
In real world casinos if staff realize that you are counting cards they will most likely ask you to leave. So yes, they are afraid of it.

More info about it here: https://www.blackjackapprenticeship.com/resources/how-to-count-cards/
futurebit640
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1000


View Profile
August 12, 2016, 01:53:39 AM
 #42

Actually in every task it needs strategy and skills so as in gambling,it needs skills and strategy.Once you gamble right from the start you have your plans on how you can win and earned,not that just by putting up to something without even thinking.Don't just say it was just for fun ,once your into gambling to earned and win matters,so it takes skills.

I don't think gambling is skill-based. Just a few categories, like sports betting. Except them, it's all about luck.

I don't consider BlackJack being a skill-based game either, not even partially. There are still random cards, you never know what you're going to get.
Actually in Blackjack there is a strategy called 'counting cards' which can bring you real advantage over the casino.
In real world casinos if staff realize that you are counting cards they will most likely ask you to leave. So yes, they are afraid of it.

More info about it here: https://www.blackjackapprenticeship.com/resources/how-to-count-cards/

I do agree some games are based skill like sports betting and blackjack but I don't think we can always win only with our skills because we also need some luck to support our skills or guess to come true. So at the end Luck is very important in gambling than skills.
SyGambler
Legendary
*
Offline Offline

Activity: 2436
Merit: 1804

guess who's back


View Profile
August 12, 2016, 02:36:30 AM
 #43

I think blackjack is not base on strategy its more base on luck.. 
Or almost all are need luck not only strategy if you have a strategy it won't work without luck.. it needs also luck..
Its not all base in strategy.. you will never win even you have a strong strategy without luck..

blackjack is a -EV game , but skills can definitely reduce the house edge
for example some newbies may hit when they have 16 and the dealer showing a deuce , and this is kinda terrible move
you can't win always , but you can reduce the house edge when you have some understanding for the game
Cast12
Sr. Member
****
Offline Offline

Activity: 266
Merit: 251


View Profile
August 12, 2016, 02:53:28 AM
 #44

The only game I have seen that is based on some kind of skill is poker, that's it. There's some luck involved though(what cards you are getting, and what cards the other players have).
ethereumhunter
Hero Member
*****
Offline Offline

Activity: 3066
Merit: 542


Leading Crypto Sports Betting & Casino Platform


View Profile
August 12, 2016, 03:06:05 AM
 #45

i think in gambling, both skill and luck is related. if someone have skill but no luck, he can not win. but if someone without skill but have big luck, then he can win. maybe skill will work with sportbetting, because in sportbetting, we should know about each team that we want to make bet, and then we can make a list what point that maybe can make that team win or loss, after that we can make final decision.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Erza
Legendary
*
Offline Offline

Activity: 1078
Merit: 1000


View Profile
August 12, 2016, 03:09:04 AM
 #46

I think blackjack is not base on strategy its more base on luck.. 
Or almost all are need luck not only strategy if you have a strategy it won't work without luck.. it needs also luck..
Its not all base in strategy.. you will never win even you have a strong strategy without luck..

It dependa on what game that you played, if you said blackjack you dont really need much skill though because it is actually based on your luck and on how good your calculation is. Luck is just some part on blackjack. But if you play poker game ehat you really need is skill and luck is really tiny needs on here, although if you dony have any luck you still can use your skill to win some money there
pooya87
Legendary
*
Offline Offline

Activity: 3626
Merit: 11027


Crypto Swap Exchange


View Profile
August 12, 2016, 04:55:01 AM
 #47

in gambling, you always need luck because no matter what game you play it is still a game with a "chance" of winning no matter your skills.
also i think you can call any strategy that you use and it is good and working as your skills, no matter what game you are playing. although the real meaning of skills is more understandable in games like poker and sports betting but still using a good strategy in dice that can help you win is also a skill.

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
gabmen
Hero Member
*****
Offline Offline

Activity: 1246
Merit: 529

CryptoTalk.Org - Get Paid for every Post!


View Profile
August 12, 2016, 05:33:19 AM
 #48

Well there are a few games where skill actually is needed to win, take poker for example. But in general, with gambling, mostly what you really need is luck as gambling is playing factors ran by chance. In gambling games like dice, lottery and slots, you only have to be lucky to win

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
Report to moderator 
 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..███████████████████████████████
fullypak
Legendary
*
Offline Offline

Activity: 1456
Merit: 1005



View Profile
August 12, 2016, 06:24:31 AM
 #49

The only game I have seen that is based on some kind of skill is poker, that's it. There's some luck involved though(what cards you are getting, and what cards the other players have).

Have you ever tried sports betting because in sports also betting on need more skills and some luck to win the bets? All those card games even we need some skills but mostly depends on luck and without luck, I don't think we can win on a regular basis. In sports betting also due to match fixes, difficult to guess results very accurately.
zend7
Hero Member
*****
Offline Offline

Activity: 658
Merit: 501

Hackers please hack me .... if you can :)


View Profile
August 12, 2016, 06:32:24 AM
 #50

The place where skill work is Texas Holdem Poker. If you are patient enough and don't rush when playing there but keep your self cool and think very quietly you can make a lot of money by playing against other players. Thats the only place where skill can make you an advantage. At any other game like dice, slot, roulette which are games of chances you are relying on pure luck to win. Even in sports betting you are relying on luck more than skill as they say the ball is circle and anything can happen even when hot favorites are playing against much weaker teams.
crytoboost
Hero Member
*****
Offline Offline

Activity: 714
Merit: 500



View Profile
August 12, 2016, 06:41:52 AM
 #51

The only game I have seen that is based on some kind of skill is poker, that's it. There's some luck involved though(what cards you are getting, and what cards the other players have).

Have you ever tried sports betting because in sports also betting on need more skills and some luck to win the bets? All those card games even we need some skills but mostly depends on luck and without luck, I don't think we can win on a regular basis. In sports betting also due to match fixes, difficult to guess results very accurately.

I also will agree with you sports betting is also based on skills, any person can make huge profit by using skills with particular game, it's very simple if we get touch with sports and keep eye on recent changes than it's very to predict the result, but nobody can know about the fixed match result which is the reason so people lost their money for unexpected result. 
genuin
Sr. Member
****
Offline Offline

Activity: 406
Merit: 251



View Profile
August 12, 2016, 06:47:21 AM
 #52

gambling is just a fortune . You do not need the expertise of specially . just in the beginning you'll definitely feel advantaged and disadvantaged continuously
BitcoinSupremo
Copper Member
Hero Member
*****
Offline Offline

Activity: 1442
Merit: 529


View Profile
August 12, 2016, 06:48:54 AM
 #53

The only game I have seen that is based on some kind of skill is poker, that's it. There's some luck involved though(what cards you are getting, and what cards the other players have).

Have you ever tried sports betting because in sports also betting on need more skills and some luck to win the bets? All those card games even we need some skills but mostly depends on luck and without luck, I don't think we can win on a regular basis. In sports betting also due to match fixes, difficult to guess results very accurately.

I also will agree with you sports betting is also based on skills, any person can make huge profit by using skills with particular game, it's very simple if we get touch with sports and keep eye on recent changes than it's very to predict the result, but nobody can know about the fixed match result which is the reason so people lost their money for unexpected result. 

You can win in the long run with sports betting but lately especially on weekends some of the good games end unexpectedly. A much better team losses to a very weak team of the league when the better team is playing at home. To make an example as I have seen this happening in Finland Veikkausliga and Hungary OTP Bank Liga, I have seen teams leading losing at home to team of relegation. I have not a logical explanation to such things except that maybe some of the games are fixed.
bitcoinmasterlord
Legendary
*
Offline Offline

Activity: 1148
Merit: 1006


View Profile
August 12, 2016, 07:07:27 AM
 #54

The only game I have seen that is based on some kind of skill is poker, that's it. There's some luck involved though(what cards you are getting, and what cards the other players have).

Have you ever tried sports betting because in sports also betting on need more skills and some luck to win the bets? All those card games even we need some skills but mostly depends on luck and without luck, I don't think we can win on a regular basis. In sports betting also due to match fixes, difficult to guess results very accurately.

I also will agree with you sports betting is also based on skills, any person can make huge profit by using skills with particular game, it's very simple if we get touch with sports and keep eye on recent changes than it's very to predict the result, but nobody can know about the fixed match result which is the reason so people lost their money for unexpected result.  

You can win in the long run with sports betting but lately especially on weekends some of the good games end unexpectedly. A much better team losses to a very weak team of the league when the better team is playing at home. To make an example as I have seen this happening in Finland Veikkausliga and Hungary OTP Bank Liga, I have seen teams leading losing at home to team of relegation. I have not a logical explanation to such things except that maybe some of the games are fixed.

Yes, i too consider sports betting will come under skill base games. But nowadays here also we are losing our bets because of unexpected results. Yes, our guessing will not working, I don't know the particular reason, it may be match fixing or players poor performance or some other reasons. But compare to poker, sports betting is easy and we can able to make some money.
olubams
Hero Member
*****
Offline Offline

Activity: 798
Merit: 503


View Profile
August 12, 2016, 08:10:32 AM
 #55

I was seeing this Section and saw many people saying that your Skill Work mostly in Gambling, Yes There are a few types of games where skill can also play some role, but in most games, skill plays absolutely no role. . Independence of events, Randomness and House Advantages are the most important concept in the gambling that one Should have Knowledge when you are gambling.

Let’s look at where skill does, and doesn’t, come into play.

Games Based Purely on Chance
(No Skill element)

1. Lotteries
2. Scratch tickets & break-opens
3. Spinning reel games on slots and VLTs
4. Roulette
5. Mini-baccarat
6. Craps
7. Keno
8. Raffles
9. Dice

The results of these games are produced purely by chance – skill plays absolutely no role. There is nothing players can do to become “better” at these games. Each result is chosen by a random generating device, such as a roulette wheel or a random number generator on a VLT, and each result is completely independent from all the other bets.

Games Based Mostly on Chance
(Some Skill element)

Most of the games that fall into this category are card or sports-based games:

1. Blackjack
2. Pai Gow poker
3. Casino-based poker games (3 card poker, Caribbean stud, Texas hold ‘em bonus, etc.)
4. Sport Select®
5. Sports pools
6. Horse racing
7. P2P

In these games, there is some room for players to apply their skill. While skillful players may be able to keep their cost of play to a minimum, the gambling operator will still always have a house advantage.

The reason that skill can play a role in these games is that players must make decisions that can affect the outcome. Players who make bad decisions will win less often than players who consistently make good decisions.  You can read More here
In my opinion, I think there is limitation to skills in games of chance however one can still make headway if the skill is good enough to understand the trend but not with certainty as chance is still the deciding factor. However, one can use the skill to limit or mange losses. But when it comes to trading that is beyond chance and skill plays a great role if one is to make some headway over there...
mishra1994u
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile
August 12, 2016, 08:15:44 AM
 #56

Yes rightly mentioned in games like roulette,dice,lottery,Scratch tickets & break-opens and others that you mentioned are based totally on luck.There i dont think i skill required to win them.Its only about the luck.
I think skill level work only in sports betting where a players knowledge on sport has a better chance to win than a player who dont know much about any particular sport.With skill i think patience is required in sports betting.
princetotti
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
August 12, 2016, 08:16:31 AM
 #57

Poker, sports bet, and blackjack should be skillful games. Know the strategies and master the rules is the key of winning.
buddu
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500


View Profile
August 12, 2016, 10:49:57 AM
 #58

Skills work most of the time in some specific type of games when it talk about gambling. There are some games like sports games where good knowledge and skills of analysis based on statistics are important and in poker as well. Skills will not make you win always in chance based games like dice,roulette and slots machines and so on. Skills and luck in combination is best pair to win most of the times.
BitcoinPC
Hero Member
*****
Offline Offline

Activity: 812
Merit: 500


View Profile
August 13, 2016, 10:07:11 AM
 #59

I can't say that only Skill base you can win in gambling. Luck is one important thing and secondly skills and brain need in gambling, because we are talking about gambling. But in jobs and other fields of business musty need skills, but in gambling it is total different thing. Because most of the games only need luck but some games are here in gambling, where we need skills and information like first of fall Poker and black jack.
Daffadile
Hero Member
*****
Offline Offline

Activity: 1162
Merit: 500

CryptoTalk.Org - Get Paid for every Post!


View Profile WWW
August 13, 2016, 05:07:19 PM
 #60

Skill has no place as far as gambling is concerned. With betting it is a mix of both. Having knowledge of the bet will only increase your chances of winning so long as you keep a good winning strategy and don't lose all in one wild bet you were 100% sure on but never ended that way. It always seems that is how it happens doesn't it ^^

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
Pages: « 1 2 [3] 4 5 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!