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Author Topic: Does experience matter in gambling?  (Read 39707 times)
Oilacris
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October 24, 2017, 09:25:52 PM
 #2001

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.
I will agree on this. In trading and investments there are skills and experience that matters mostly. You have to make decisions and you will be sticking to them throughout your way. So either you win or you learn. And this learning will help you to take better decisions. But when you talk about gambling, believe me there is only luck. Luck is dominant over experience.
It is crystal clear that gambling is same that is fully dependent on luck and without a good luck, you cannot win even a single penny in gambling. As far as experience and skills are concerned, their role is zero in gambling. Your gambling experience can never help you in winning the game or quitting it on the right time whereas everything is opposite in trading. Trading is not evil or immoral at all like gambling.
0 role on gambling? I dont think so. Come to think off on playing sports betting and some card games. Those games do require good skills and experience for you to take the edge among other players.
This is why i do believe this thing do really matter on gambling but yet applicable on some games which do require it but for dice and slot games then this things isnt really need at all.
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October 24, 2017, 09:37:09 PM
 #2002

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.
I will agree on this. In trading and investments there are skills and experience that matters mostly. You have to make decisions and you will be sticking to them throughout your way. So either you win or you learn. And this learning will help you to take better decisions. But when you talk about gambling, believe me there is only luck. Luck is dominant over experience.
It is crystal clear that gambling is same that is fully dependent on luck and without a good luck, you cannot win even a single penny in gambling. As far as experience and skills are concerned, their role is zero in gambling. Your gambling experience can never help you in winning the game or quitting it on the right time whereas everything is opposite in trading. Trading is not evil or immoral at all like gambling.
0 role on gambling? I dont think so. Come to think off on playing sports betting and some card games. Those games do require good skills and experience for you to take the edge among other players.
This is why i do believe this thing do really matter on gambling but yet applicable on some games which do require it but for dice and slot games then this things isnt really need at all.

For me no matter how expert are you, it doesn't guarantee wins at all due to dice and other slot games really are programmed depending on how the target of those bankers will hit and their reward to players is random. So you are playing it not based on the skills we have but rather by chances on how the game has planned to reach the target for of the casino house. Same as what online games did, I think what applied at local casinos may happened with the online gaming casino's.
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October 24, 2017, 10:39:50 PM
 #2003

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.
I will agree on this. In trading and investments there are skills and experience that matters mostly. You have to make decisions and you will be sticking to them throughout your way. So either you win or you learn. And this learning will help you to take better decisions. But when you talk about gambling, believe me there is only luck. Luck is dominant over experience.
It is crystal clear that gambling is same that is fully dependent on luck and without a good luck, you cannot win even a single penny in gambling. As far as experience and skills are concerned, their role is zero in gambling. Your gambling experience can never help you in winning the game or quitting it on the right time whereas everything is opposite in trading. Trading is not evil or immoral at all like gambling.
Exactly, but not all. experience can make us stop or stop temporarily from gambling because it is certain that human beings remember something that can make them miserable, as we know most of us lost in gambling. well, people who have been playing gambling for a long time surely they've experience like this, that's why I say experience can make us stop gambling.

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October 24, 2017, 11:58:43 PM
Last edit: October 25, 2017, 12:10:05 AM by BunnyShibe
 #2004

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.
I will agree on this. In trading and investments there are skills and experience that matters mostly. You have to make decisions and you will be sticking to them throughout your way. So either you win or you learn. And this learning will help you to take better decisions. But when you talk about gambling, believe me there is only luck. Luck is dominant over experience.
It is crystal clear that gambling is same that is fully dependent on luck and without a good luck, you cannot win even a single penny in gambling. As far as experience and skills are concerned, their role is zero in gambling. Your gambling experience can never help you in winning the game or quitting it on the right time whereas everything is opposite in trading. Trading is not evil or immoral at all like gambling.
0 role on gambling? I dont think so. Come to think off on playing sports betting and some card games. Those games do require good skills and experience for you to take the edge among other players.
This is why i do believe this thing do really matter on gambling but yet applicable on some games which do require it but for dice and slot games then this things isnt really need at all.

For me no matter how expert are you, it doesn't guarantee wins at all due to dice and other slot games really are programmed depending on how the target of those bankers will hit and their reward to players is random. So you are playing it not based on the skills we have but rather by chances on how the game has planned to reach the target for of the casino house. Same as what online games did, I think what applied at local casinos may happened with the online gaming casino's.
Yes in some gambling game experience does not matter, as we totally depend on our luck there, but still I think there are some gambling games like sports gambling and car racing where we need to have good experience, our knowledge, analysis and our skill can also play important role in such games, but still even in such games we also need to have good luck, which can also effect the result  of our gambling.
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October 25, 2017, 01:54:46 AM
 #2005

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


Yes. Experience will matter because gambling can be strategized. An experienced gambler already know  or experience the different situations. It can be his or her advantage to formulate strategies to win that certain game. Just like in life, an experienced individual in a certain skill or task is called as an expert. If you have expertise you gain more knowledge into something.

I disagree with you. Almost all the gambling games did not give you an edge if you have more experience in it. Even formulating strategies may not help you at all. Otherwise, those people who has been gambling for their whole life and they are still not profiting most of the time.
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October 25, 2017, 02:32:56 AM
 #2006

as I know experience is important in some gambling games such as poker, but how about the other games like dice game or roulette, do you gain any advantage from your experience, can you used your experience to win the game? or maybe because of your experience you know whether to bet low or high in dice game

So Does Experience matter to you?

Experience is no other different than realization. When you learn from your experience, you actually know the aftermath of your decisions. Experience in gambling does matter, in fact, it is one of the reasons on why people quit. Due to their experience regardless of their winnings or losings, they get to realize that gambling is not profitable in the long-run and has the potential of destroying one's career especially when one gets addicted. But all of these are dependent on the individual if he/she is willing to change his ways for the betterment of his life.

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October 25, 2017, 03:26:09 AM
 #2007

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


Yes. Experience will matter because gambling can be strategized. An experienced gambler already know  or experience the different situations. It can be his or her advantage to formulate strategies to win that certain game. Just like in life, an experienced individual in a certain skill or task is called as an expert. If you have expertise you gain more knowledge into something.

I disagree with you. Almost all the gambling games did not give you an edge if you have more experience in it. Even formulating strategies may not help you at all. Otherwise, those people who has been gambling for their whole life and they are still not profiting most of the time.
Living your life being a gambler would not help you if you are not making profit, it will just gonna make your life worst because you will live a stressful life. We know there is an edge which does not favor on us but we still play because that edge is a challenge for us to win against it, if we can make it then it's a big success but the question now is whether we can do it consistently or not.

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October 25, 2017, 03:28:24 AM
 #2008

Experience helps us make a better money management plan and limit ourselves with the spending.
No it doesn't.
Your common sense will tell you to limit your money, do you need experience for all your money decisions? Do you need experience when you go to store to buy food and do that experience tells you not to spend all your monthly salary to buy everything you see and like?
When you go to restaurant, do you need experience to or someone to tell you - don't eat lobster because it is too damn expensive?
Please.
Altogether experience plays 50% while the rest happens on the luck one holds.
From where did you get random this number?
He talks about money management on gambling, not money management to buy food, not money management to go to restaurants, not money management to buy lobsters, it's money management on gambling and that's obviously very much needed, and experience can help us in money management. About when to spend money, when to keep money, experience is very important.
Are you sure about this?
Do you really need experience to gamble only what you can afford to lose?
Money management can be applied to texas holdem which is 88% skill game, when we are talking about casino games which are based on luck good bankroll management doesn't mean shit.

money management is about how you manage your expenses, and managing spending is up to you, not the type of game you play, not whether you play a game that depends on skill or luck. Can you only manage your expenses when playing poker only? Do you spend your money without control if you play game of luck?
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October 25, 2017, 03:53:28 AM
 #2009

Experience helps us make a better money management plan and limit ourselves with the spending.
No it doesn't.
Your common sense will tell you to limit your money, do you need experience for all your money decisions? Do you need experience when you go to store to buy food and do that experience tells you not to spend all your monthly salary to buy everything you see and like?
When you go to restaurant, do you need experience to or someone to tell you - don't eat lobster because it is too damn expensive?
Please.
Altogether experience plays 50% while the rest happens on the luck one holds.
From where did you get random this number?
He talks about money management on gambling, not money management to buy food, not money management to go to restaurants, not money management to buy lobsters, it's money management on gambling and that's obviously very much needed, and experience can help us in money management. About when to spend money, when to keep money, experience is very important.
Are you sure about this?
Do you really need experience to gamble only what you can afford to lose?
Money management can be applied to texas holdem which is 88% skill game, when we are talking about casino games which are based on luck good bankroll management doesn't mean shit.
experience matter depending of what type of gambling because gambling is unpredictable result the winning depends upon of the lucky bet.

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October 25, 2017, 03:58:27 AM
 #2010

With gambling experience is a must to make closer predictions about the end result as well for an planned money management. If money management takes place in the right way, automatically the user gets to know much about gambling as well the do's and don't.

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October 25, 2017, 04:38:38 AM
 #2011

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


Yes. Experience will matter because gambling can be strategized. An experienced gambler already know  or experience the different situations. It can be his or her advantage to formulate strategies to win that certain game. Just like in life, an experienced individual in a certain skill or task is called as an expert. If you have expertise you gain more knowledge into something.

I disagree with you. Almost all the gambling games did not give you an edge if you have more experience in it. Even formulating strategies may not help you at all. Otherwise, those people who has been gambling for their whole life and they are still not profiting most of the time.
yes it is just our thought that with experience could help you to increase the winning percentage.

it is not true mathematically , but sounds so true psychologically . it is affects your minds to become more confident as you have experienced it in the past and you think you can handle it in the future with better action. keep in mind gambling are uncertain and it will stay like that.

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October 25, 2017, 04:43:00 AM
 #2012

as I know experience is important in some gambling games such as poker, but how about the other games like dice game or roulette, do you gain any advantage from your experience, can you used your experience to win the game? or maybe because of your experience you know whether to bet low or high in dice game

So Does Experience matter to you?

Experience is very important in all personal activities specially gambling in which money is concern. Having an experience will improve your strategy in the games in which you can easily to  switch plan and make decisions to put you in an advantage position specially if your opponents are begginers and weak. By gamble experiences you could minimize lose and maximize your winning.
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October 25, 2017, 06:36:15 AM
 #2013

as I know experience is important in some gambling games such as poker, but how about the other games like dice game or roulette, do you gain any advantage from your experience, can you used your experience to win the game? or maybe because of your experience you know whether to bet low or high in dice game

So Does Experience matter to you?

Experience is very important in all personal activities specially gambling in which money is concern. Having an experience will improve your strategy in the games in which you can easily to  switch plan and make decisions to put you in an advantage position specially if your opponents are begginers and weak. By gamble experiences you could minimize lose and maximize your winning.
Learning to minimize our loses is very important in order to survive in gambling, when we don't have that skills we will easy get bankrupt and we will end our enjoyment with gambling. Whether we gamble for profit or solely for fun, experience is a big factor that could help us, it would help us make a decision that we will not regret in the end.

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October 25, 2017, 09:23:43 AM
 #2014

as I know experience is important in some gambling games such as poker, but how about the other games like dice game or roulette, do you gain any advantage from your experience, can you used your experience to win the game? or maybe because of your experience you know whether to bet low or high in dice game

So Does Experience matter to you?

Experience is very important in all personal activities specially gambling in which money is concern. Having an experience will improve your strategy in the games in which you can easily to  switch plan and make decisions to put you in an advantage position specially if your opponents are begginers and weak. By gamble experiences you could minimize lose and maximize your winning.
Learning to minimize our loses is very important in order to survive in gambling, when we don't have that skills we will easy get bankrupt and we will end our enjoyment with gambling. Whether we gamble for profit or solely for fun, experience is a big factor that could help us, it would help us make a decision that we will not regret in the end.

I didn't understand the logic between fun and experience because if you only gambling for fun then you will not worried about the end results instead just enjoy your favourite game unless you want to make money from these games then you need to worry about your experience. Anyway, to make money from gambling only luck is needed not experience or strategies.
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October 25, 2017, 10:55:17 AM
 #2015

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


Yes. Experience will matter because gambling can be strategized. An experienced gambler already know  or experience the different situations. It can be his or her advantage to formulate strategies to win that certain game. Just like in life, an experienced individual in a certain skill or task is called as an expert. If you have expertise you gain more knowledge into something.


Yeah it does matter of course, but not all of the time, sometimes, even if you are a skilled gambler, you just can't beat the house and you will find yourself the one who lose. Experience will just going to help you to make some strategies(if you are playing POKER, sports betting and etc.), also to know when to stop, because sometimes if you are going to be greedy thinking that you could win if you are going to continue and get back what you have lost is pretty naïve move.
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October 25, 2017, 11:01:20 AM
 #2016

Yeah it does matter of course, but not all of the time, sometimes, even if you are a skilled gambler, you just can't beat the house and you will find yourself the one who lose.

Of course you can't win all bets or every hand in poker. You can even win in sportsbetting/poker if you only win 10% of your bets/hand. Just think longterm, get your strategy right, the rest will take care of itself.

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October 25, 2017, 11:20:33 AM
 #2017

Yeah it does matter of course, but not all of the time, sometimes, even if you are a skilled gambler, you just can't beat the house and you will find yourself the one who lose.

Of course you can't win all bets or every hand in poker. You can even win in sportsbetting/poker if you only win 10% of your bets/hand. Just think longterm, get your strategy right, the rest will take care of itself.

experience will make you not persistent with unfavorable situations, many gamblers always switch to other types of gambling to neutralize the emotional level, they do not insist on going home and back again the next day, the experience will make the gambler smarter and quiet especially in crypto gambling.
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October 25, 2017, 02:29:05 PM
 #2018

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


Yes. Experience will matter because gambling can be strategized. An experienced gambler already know  or experience the different situations. It can be his or her advantage to formulate strategies to win that certain game. Just like in life, an experienced individual in a certain skill or task is called as an expert. If you have expertise you gain more knowledge into something.


Yeah it does matter of course, but not all of the time, sometimes, even if you are a skilled gambler, you just can't beat the house and you will find yourself the one who lose. Experience will just going to help you to make some strategies(if you are playing POKER, sports betting and etc.), also to know when to stop, because sometimes if you are going to be greedy thinking that you could win if you are going to continue and get back what you have lost is pretty naïve move.

The experience will help you to make money when you are playing gambling games, and also it will help you to save money by not losing more money, it will help you to control your emotions in gambling. When we lose money means when we lose our control on the game. So experience is matter in gambling.
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October 28, 2017, 11:48:23 PM
 #2019

No, it doesn't! As it is just pure luck, no skill
experience is not always weather you need to roll high or low experince helps you understand when is the right time to stop gambling or when should you stop. It gives you a idea of what amount you should bet and what chances you should select
alisafidel58
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October 29, 2017, 05:14:46 AM
 #2020

There are some types of gambling that needs experience like when you are betting for some teams like basketball,baseball etc.
You need to have some experience in analyzing teams so that you can have a greater odds in winning.
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