Does experience matter in gambling?

[daringdiscovered]

Experience is really matter on some type of gambling like poker, blackjack and sportsbook. If you just bet random on this type of gambling, you will lose easily for sure but there are also many type of gambling that no need experience at all.

Experience gives you the advantage on the games that you have mentioned, but not in all the games you could apply the experience for you to win most of the time, because the luck still play the biggest role in gambling against the house. Also experience could help you to minimize your losses, in short you know how to control yourself because you knew that if you are not going to control yourself, you are going to lose all of your money on gambling.

[BillCoin]

Experience is really matter on some type of gambling like poker, blackjack and sportsbook. If you just bet random on this type of gambling, you will lose easily for sure but there are also many type of gambling that no need experience at all.

Experience gives you the advantage on the games that you have mentioned, but not in all the games you could apply the experience for you to win most of the time, because the luck still play the biggest role in gambling against the house. Also experience could help you to minimize your losses, in short you know how to control yourself because you knew that if you are not going to control yourself, you are going to lose all of your money on gambling.

I just don't see how could experience give you an advantage in blackjack.
I mean, there are set of rules that you should be playing at, and even in this set of rules you are losing at the long run to the house.

The only I could be thinking is that if the house is playing blackjack with one deck, if you are counting cards then you are having a slightly advantage over the house, and that's also the only  way to make money off blackjack betting.

[Bellator]

Experience helps, but being experienced doesn't mean you are a winning player. I know a lot of people, who are well experienced, but fail to win anything long-term.

My Top5 for becoming a winning player (I am talking sportsbetting and Poker, the rest are losing games anyway):

- Understanding the concept of value
- Follow strict moneymanagement
- Specialising on a certain/league/game
- Having the right mindset, motivation, dedication
- Never stop learning, these are fast moving markets

If you can prove that this winning strategy is going to work then alot of people will follow your way. Either way anyone is free to express their opinion but I think that it is useless to play for profit with all those effort we are still going to lose. That is why the best method is to play for fun so that we dont really have to worry about winning or losing anymore

Everybody can prove it to himself by just strictly following the points mentioned. I know a few people who gamble (I wouldn't call it gambling, but lets leave it as that for this discussion) for a living, they all follow these rules. Problem is, most people are not able to follow them. They fail for various reasons, but most are not able to get #1 and #2 right, which are the most important ones.

Do you understand the concept of value ?

I agree that gambling is unpredictable, and maybe the best thing to rely is the strategy and if you are an experienced gambler then that all matters in gambling.

[Oilacris]

Experience helps, but being experienced doesn't mean you are a winning player. I know a lot of people, who are well experienced, but fail to win anything long-term.

My Top5 for becoming a winning player (I am talking sportsbetting and Poker, the rest are losing games anyway):

- Understanding the concept of value
- Follow strict moneymanagement
- Specialising on a certain/league/game
- Having the right mindset, motivation, dedication
- Never stop learning, these are fast moving markets

If you can prove that this winning strategy is going to work then alot of people will follow your way. Either way anyone is free to express their opinion but I think that it is useless to play for profit with all those effort we are still going to lose. That is why the best method is to play for fun so that we dont really have to worry about winning or losing anymore

Everybody can prove it to himself by just strictly following the points mentioned. I know a few people who gamble (I wouldn't call it gambling, but lets leave it as that for this discussion) for a living, they all follow these rules. Problem is, most people are not able to follow them. They fail for various reasons, but most are not able to get #1 and #2 right, which are the most important ones.

Do you understand the concept of value ?

I agree that gambling is unpredictable, and maybe the best thing to rely is the strategy and if you are an experienced gambler then that all matters in gambling.

Experience would really matter if you do play on some gambling games which do majorly needs it like on sports betting and card games. Experience can really be applied either on how you do play regarding on your habit when it comes on betting style and bankroll management and handling such situations either on lossing or on winning side.

[McKane]

Experience helps, but being experienced doesn't mean you are a winning player. I know a lot of people, who are well experienced, but fail to win anything long-term.

My Top5 for becoming a winning player (I am talking sportsbetting and Poker, the rest are losing games anyway):

- Understanding the concept of value
- Follow strict moneymanagement
- Specialising on a certain/league/game
- Having the right mindset, motivation, dedication
- Never stop learning, these are fast moving markets

If you can prove that this winning strategy is going to work then alot of people will follow your way. Either way anyone is free to express their opinion but I think that it is useless to play for profit with all those effort we are still going to lose. That is why the best method is to play for fun so that we dont really have to worry about winning or losing anymore

Everybody can prove it to himself by just strictly following the points mentioned. I know a few people who gamble (I wouldn't call it gambling, but lets leave it as that for this discussion) for a living, they all follow these rules. Problem is, most people are not able to follow them. They fail for various reasons, but most are not able to get #1 and #2 right, which are the most important ones.

Do you understand the concept of value ?

I agree that gambling is unpredictable, and maybe the best thing to rely is the strategy and if you are an experienced gambler then that all matters in gambling.

Experience would really matter if you do play on some gambling games which do majorly needs it like on sports betting and card games. Experience can really be applied either on how you do play regarding on your habit when it comes on betting style and bankroll management and handling such situations either on lossing or on winning side.

I bet that if you are going for sports betting then you will have more chances to win if you are not betting on sports then it might give you a huge loss because if you are not having skills and still thinking that you will win without any experience. So it might wrong but it better to go for online gambling sites which is related to sports betting etc.

[cjmoles]

Experience can sometimes be useful in games like poker or sports betting, but still a high probability of success depends on luck, not on years of experience.

People think we can make fortunes with the experience they have in gambling, but it is completely wrong because they should understand gambling is completely based on luck.

Is it "lucky" that the sun will rise in the morning?

In as much as i agree with you that experience doesn't guarantee gambling success, i also disagree that gambling is completely based on luck because some gambling games can be predicted with common sense and critical analysis. I'm a regular with sports bets and i have a great contro;l over my games and i manage wins every now and then with my insight.

I agree here. The more experienced we are and the more we understand the math behind our decisions the better our predictions will be---> like predicting the sun will rise in the morning.

still when you think certain games are can be predicted with certain way/analysis , gambling are gambling where the outcome are uncertain and random. you can make an accurate prediction , you need luck in the end. sometimes people think that looking for a strategy/analysis in gambling are useles, wasting time. better to do it randomly for the sake of having fun.

If Pee-Wee Herman and Floyd Mayweather were in a boxing match ---> there's not much luck in predicting the winner.  That's where experience comes into play.  The more you know, the better you will do.

I would not think it's a waste of time because I know as long as I choose a game that is based on skills I have a chance to be consistent when I will continue to improve my strategy. Finding ways to win is very challenging because you will not be consistent in few tries, you will have to loss and learn from your mistakes so you will be an improve gambler but you have to determine it yourself if you are really into this kind of journey or not so you can make a timely decision to quit or continue.

All you have to do is win more than you lose to be a profitable player.

hope it true and good for you if you can be so consistent . i just think it's an impossible thing for anyone to have a steady income through gambling . it's bullshit for sure. sooner or later you would have to suffering lost because of the -EV in gambling are an absolute thing that would happened. just the matter of time when it's actually come after you.

Why would you even place a bet if you expected to lose? Negative "(E)xpected" (V)alue means you expect to lose some value ---> avoid placing wagers that you expect to lose ---> experience should teach you that!

[tyKiwanuka]

Why would you even place a bet if you expected to lose? Negative "(E)xpected" (V)alue means you expect to lose some value ---> avoid placing wagers that you expect to lose ---> experience should teach you that!

That statement is wrong, value is value, no matter the odds. If I can get Celtic Glasgow today to win against Bayern Munich with odds of lets say 5000, I will place that bet - although I expect to lose this bet.

[oHnK]

Experience is really matter on some type of gambling like poker, blackjack and sportsbook. If you just bet random on this type of gambling, you will lose easily for sure but there are also many type of gambling that no need experience at all.

Experience gives you the advantage on the games that you have mentioned, but not in all the games you could apply the experience for you to win most of the time, because the luck still play the biggest role in gambling against the house. Also experience could help you to minimize your losses, in short you know how to control yourself because you knew that if you are not going to control yourself, you are going to lose all of your money on gambling.

I just don't see how could experience give you an advantage in blackjack.
I mean, there are set of rules that you should be playing at, and even in this set of rules you are losing at the long run to the house.

The only I could be thinking is that if the house is playing blackjack with one deck, if you are counting cards then you are having a slightly advantage over the house, and that's also the only  way to make money off blackjack betting.

Unfortunately there are no house that will play blackjack with only 1 deck. If they do then they are going to shuffle it everytime we have dealt the card. The house is not going to give us advantage. I dont really expect any house to give advantage to the player but we know that this kind of thing is happening once in a while through some bonus

[Kevin77]

Experience is really matter on some type of gambling like poker, blackjack and sportsbook. If you just bet random on this type of gambling, you will lose easily for sure but there are also many type of gambling that no need experience at all.

There is no experience that can assist you to win in some of these games you have mentioned and 99% of it is still based on luck and not experience. The only place experience can help is to know when to stop which to me is something should have even be built right from the onset.
Once you lose, you accept and move on rather than trying to play huge amount to quickly try your luck on recovering your losses. Anything that gives me huge palpitations in the first place, scares me like shit.

[swscowods]

In gambling, i play poker game. The experience is very matter on what i will do. Because poker requires analysis and memory. Poker gambling carelessly is tantamount to giving away money for free.

I think poker is a game that is more dependent on skill than luck. Luck on poker usually comes at a precarious time, but overall game skill is more needed than luck. So experience can work on poker because we must be able to analyze based on the situation and experience we have ever got.

In poker where we need luck means when the cards will issue that time. If we are experiencing in a poker game but we get bad cards, and the opponent is strong we can't do anything that time. So to win any game in gambling, we need luck otherwise we will not win a single game. Poker is skill base game I agree but this also based on luck.

Gambling has nothing to do with the experience of the gambler. If you are playing the poker or the dice game but you are unlucky on a particular day, then you would definitely end up losing the bet amount. Gambling is totally based on the luck of the gambler and the worst conditions may arise even after being into this for a very long time if you are facing hardships of time.

In some games like poker, experience plays a significant role most of the time when cards the player are not very poor. Dice and poker are very different games by nature. In dice, nobody can win by having strategies but a poker player can increase his possibility of winning by playing smart. Indeed, gambling is a random game but sometimes we can turn the tables.

[poplolnman]

Experience can sometimes be useful in games like poker or sports betting, but still a high probability of success depends on luck, not on years of experience.

People think we can make fortunes with the experience they have in gambling, but it is completely wrong because they should understand gambling is completely based on luck.

In as much as i agree with you that experience doesn't guarantee gambling success, i also disagree that gambling is completely based on luck because some gambling games can be predicted with common sense and critical analysis. I'm a regular with sports bets and i have a great contro;l over my games and i manage wins every now and then with my insight.

still when you think certain games are can be predicted with certain way/analysis , gambling are gambling where the outcome are uncertain and random. you can make an accurate prediction , you need luck in the end. sometimes people think that looking for a strategy/analysis in gambling are useles, wasting time. better to do it randomly for the sake of having fun.

I would not think it's a waste of time because I know as long as I choose a game that is based on skills I have a chance to be consistent when I will continue to improve my strategy. Finding ways to win is very challenging because you will not be consistent in few tries, you will have to loss and learn from your mistakes so you will be an improve gambler but you have to determine it yourself if you are really into this kind of journey or not so you can make a timely decision to quit or continue.

hope it true and good for you if you can be so consistent . i just think it's an impossible thing for anyone to have a steady income through gambling . it's bullshit for sure. sooner or later you would have to suffering lost because of the -EV in gambling are an absolute thing that would happened. just the matter of time when it's actually come after you.

It could never be a consistent source of income because the luck that you can have can never be assured. Maybe if you have the ownership of a casino, then that's the time you're going to earn real profit without doing a single thing except managing it. If you ever have experienced owning a business, then you have an advantage over others.

no matter what it's experience , skills ,bankroll management, strategy or whatever in gambling all of them in the end would become useless. when you finally realize that gambling are a pure random , pure uncertain you would think that it's better to consider gamble for the sake of fun and nothing more than that. don't take it too complicated looking for strategy or to have an experience.

[rocketbits]

Experience is really matter on some type of gambling like poker, blackjack and sportsbook. If you just bet random on this type of gambling, you will lose easily for sure but there are also many type of gambling that no need experience at all.

There is no experience that can assist you to win in some of these games you have mentioned and 99% of it is still based on luck and not experience. The only place experience can help is to know when to stop which to me is something should have even be built right from the onset.
Once you lose, you accept and move on rather than trying to play huge amount to quickly try your luck on recovering your losses. Anything that gives me huge palpitations in the first place, scares me like shit.

But in my perspective, to accept losses you must be an experienced gambler so that you can move off your losses and you can come back the next day as a new gambler to face new consequences from your gambling.  I mean to say that kind of matured mentality will be possible for any gambler only after handsome amount of experience.

Because, in beginning days no gambler will want to lose their hard earned money that is the reason they are all chasing their losses and then losing big eventually.

[tyKiwanuka]

But in my perspective, to accept losses you must be an experienced gambler so that you can move off your losses and you can come back the next day as a new gambler to face new consequences from your gambling.  I mean to say that kind of matured mentality will be possible for any gambler only after handsome amount of experience.

Losses are always tough to swallow, but any "gambler" who knows his stuff and sticks to his rules, won't lose sleep over some losses, because he knows he can beat the market longterm. He won't even chase losses. He will just believe in himself and his system and grind along.

[oHnK]

Losses are always tough to swallow, but any "gambler" who knows his stuff and sticks to his rules, won't lose sleep over some losses, because he knows he can beat the market longterm. He won't even chase losses. He will just believe in himself and his system and grind along.

We want to win some money when we play that is why we hate to lose. If we play for money then it is going to be everything that we think about. If we play for fun then we are not going to bother that. Either if we win or lose, we dont really care because the purpose that we play is to have some fun. Atleast that is what my experience taught me

[JL421]

I think yes. Gambling is more on analysis and techniques i tink. You to be careful in deciding to bet or not. But for those who are new, theres what they say “beginners luck”. That just for the first time you gamble. But on the long run, you have to be wise enough.

You can't get profit in long run in starting the reason it is called beginners luck it is because you are new and house edge doesn't know your habits once it start realising your techniques you will lose gambling for long run and making profit is impossible

[GoodOne]

Anyone thought why roulette tables set top limits for bets?

Martingale is very popular but you have to manage "Drawdown Limit" that could be enough to cover all your losing steps. These losing steps can/will cost huge amounts

[CasinoKiller]

No, it doesn't! As it is just pure luck, no skill

[2hot2handle]

No, it doesn't! As it is just pure luck, no skill

I bet to disagree my friend because I think there are some games that needs skills like playing poker and majong, if you do not know how to read your opponents card then you will lose in this kind of game luck is just 20% and the rest is skills.

[romero121]

Experience helps us make a better money management plan and limit ourselves with the spending. Another thing the continued involvement will help us make better analysis about the events and and make closer predictions. Altogether experience plays 50% while the rest happens on the luck one holds.

[zmkriel]

i guess experience is not really a big help in roulette and dice game. though in gambling we need experience for money matter but the game itself, what we need is luck if we are talking about dice game and roulette.