GAMBLING: Skill-based vs. Chance-based

[deisik]

compare that to chess. who wants to play chess against a grandmaster for money? not me!

You are not the only pebble on the beach

As I suspect, there will be enough people willing to play with a distinguished grandmaster like Bobby Fisher and pay for just the opportunity of it. It is like taking a selfie with a celebrity (think Lady GaGa or young Madonna here). Well, you may not like them at all (and I can definitely relate to you) but you can't speak for other people as there's no accounting for tastes, right? In other words, there can be other factors at play

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[kotajikikox]

As we are now under community quarantine because of this pandemic virus, we tend to play online games to lessen the boredom we feel at our home, so I wanna know your preference on choosing what gamble to play.

There are two types of gambling for me, the skill-based and the chance-based.
1. Skill-based - these are gambling that requires our skills and techniques for us to win, such as playing poker, betting on races, and playing blackjack but the odds of winning are still different for people and it is always in favor of the owner of the gambling.

added is sportsbetting because this is skill and knowledge bases game also.

2. Chance-based - these are gambling that you will only wait for the result, you don't need to do something or to think so deep for you to win because all of you have an equal chance of winning such as roulette, lottery, and other gaming machine.

I believe in Roulette there are also some skilled gamblers that winning using their talent though it is only few people.

But of course if we have both and added luck?then we are unbeatable lol.

[Russlenat]

I believe in Roulette there are also some skilled gamblers that winning using their talent though it is only few people.

But of course if we have both and added luck?then we are unbeatable lol.

No, there is no way we can win in roulette using our skills because this game itself is called a chance-based games.

If it's hard for us to win in dice consistently with only 1% house edge or even less, the more it's hard to win in roulette.

according to this article. https://www.casinonewsdaily.com/roulette-guide/understanding-roulette-house-edge/

the house edge of roulette is "2.70%"

[ultrloa]

I believe in Roulette there are also some skilled gamblers that winning using their talent though it is only few people.

But of course if we have both and added luck?then we are unbeatable lol.

No, there is no way we can win in roulette using our skills because this game itself is called a chance-based games.

If it's hard for us to win in dice consistently with only 1% house edge or even less, the more it's hard to win in roulette.

according to this article. https://www.casinonewsdaily.com/roulette-guide/understanding-roulette-house-edge/

the house edge of roulette is "2.70%"

Hell yeah and I don't know why theirs people believe that its a skill based game since we are just waiting for the roll to hit the jackpot there's no any strategy or methods will work with this, even if you use any strategy that they now for sure they will find it difficult to win.

Maybe accidentally won for what he think strategy that's why he post that statement here.

Anyways good article I will read that later on.

[JoMarrah Iarim Dan]

As we are now under community quarantine because of this pandemic virus, we tend to play online games to lessen the boredom we feel at our home, so I wanna know your preference on choosing what gamble to play.

There are two types of gambling for me, the skill-based and the chance-based.
1. Skill-based - these are gambling that requires our skills and techniques for us to win, such as playing poker, betting on races, and playing blackjack but the odds of winning are still different for people and it is always in favor of the owner of the gambling.
2. Chance-based - these are gambling that you will only wait for the result, you don't need to do something or to think so deep for you to win because all of you have an equal chance of winning such as roulette, lottery, and other gaming machine.
For me, I will choose the skill-based gambling because I am not hoping for the luck of life, I want to make action to make my life great. It still better to to think logically and analytically at any time.

But if you are only a beginner, I think the chance-baded gsmbling would be duitable for you, but do not stick only on that, you should improve yourself, acquire skills and knowledge through experience so you will be able to play skill baesed gambling soon.

Skill based gambling are very helpful to gamblers that does want to earn money through gambling but of course there are any other gamblers that have good skills to so winning money is no that easy.

[deisik]

If it's hard for us to win in dice consistently with only 1% house edge or even less, the more it's hard to win in roulette

Not sure about roulette but with dice it is possible

Whether it is actually worth your time and effort is another question, though. If you are looking only for money, as in big money, it's probably not worth it (there are better ways to earn a shekel or two). However, if you are mostly looking for fun or have some academic interest in the matter, you can work your way toward earning consistent profits in dice. This is not a rocket science, just a little bit of understanding how random events reveal themselves in practice

[Davidvictorson]

I do believe that gambling is based on both skill and chance. If you play a particular game all the time, soon you'd notice a pattern whenever you win or lose. If bettor has a small knowledge of statistics and probability he or she will under its application in every game. On the other there's a small role that luck/chance plays. Someone said that that the difference between skill and chance is long term versus short term thinking.

[Cling18]

I do believe that gambling is based on both skill and chance. If you play a particular game all the time, soon you'd notice a pattern whenever you win or lose. If bettor has a small knowledge of statistics and probability he or she will under its application in every game. On the other there's a small role that luck/chance plays. Someone said that that the difference between skill and chance is long term versus short term thinking.

It's still important that we're knowledgeable about the game although we could win through it by chance. We could win in gambling mostly by luck but having enough skills on how to win is also an advantage. Having an effective strategy and techniques will surely be a big help.

[zanezane]

I think everyone in this thread would agree that it depends on which game because there are some that's skill based like horse race, probability based like dice, and a bit of both like poker or blackjack.

[Tumanggor]

I do believe that gambling is based on both skill and chance. If you play a particular game all the time, soon you'd notice a pattern whenever you win or lose. If bettor has a small knowledge of statistics and probability he or she will under its application in every game. On the other there's a small role that luck/chance plays. Someone said that that the difference between skill and chance is long term versus short term thinking.

as the OP wrote that gambling games are divided: there are which games prioritize skill over luck, but there are also which games prioritize luck only
in slot and dice games all it takes is luck because you just surrender to the image or number that appears

The point is you have to adjust what type of game you like so that it doesn't make it difficult or make you lose

[Rruchi man]

Skill based gambling is recommended when there is a strong intention to win, it is usually the choice of many who do not have enough money to want to gamble for the fun of it. Chance based gambling on the other hand is mostly the choice of those who don't want to stress, but just want to have some fun, they are usually not so concerned that they might looose their capital because most times winning alone by must is not the intent.

If you become a compulsive skill based gambler, you may be able to control it or quit maybe after plenty looses and the discovery that your gambling skill is not sharp enough, but if you become a compulsive gambler based on chance, happenings and other situations may not easily discourage you from wanting to go gamble considering that you do it mostly sometimes for fun.

[boyptc]

I think everyone in this thread would agree that it depends on which game because there are some that's skill based like horse race, probability based like dice, and a bit of both like poker or blackjack.

A better example is sports betting.

There's those luck based that you've mentioned such as dice and as well as roulette too. Poker is a combination of luck and skill? I think it's still mainly all about skills.

[bitzizzix]

I think everyone in this thread would agree that it depends on which game because there are some that's skill based like horse race, probability based like dice, and a bit of both like poker or blackjack.

A better example is sports betting.

There's those luck based that you've mentioned such as dice and as well as roulette too. Poker is a combination of luck and skill? I think it's still mainly all about skills.

Yes, poker relies more on skill and especially in bluffing at the right time and a bit of luck depending on how long you play.
And lotteries are more chances and the only way to increase your chances of winning in lottery or bingo games is to buy more tickets.

[qwertyup23]

I think everyone in this thread would agree that it depends on which game because there are some that's skill based like horse race, probability based like dice, and a bit of both like poker or blackjack.

From the word itself, "gambling" is a game of chance. But, there are some games that can at least increase the odds on your favor. For example, while you cannot absolutely predict the pool of cards in poker, you may have a vague assumption of the hands of your opponents depending on their facial expression and other different factors. While the game is based on luck, you may increase your chances of winning by adding that extra bit of edge on your favor.

But from its nature, gambling is always chance-based. Even if you have all the algorithm prepared, one cannot just predict 100% the odds.

[Fortify]

Updated 05-27-2020
As we are now under community quarantine because of this pandemic virus, we tend to play online games to lessen the boredom we feel at our home, so I wanna know your preference on choosing what gamble to play.

There are two types of gambling for me, the skill-based and the chance-based.
1. Skill-based - these are gambling that requires our skills and techniques for us to win, such as playing poker, betting on races, and playing blackjack but the odds of winning are still different for people and it is always in favor of the owner of the gambling.
Poker
Blackjack
Pai Gow
Texas Shootout
Horse Race Betting
Sports Betting
2. Chance-based - these are gambling that you will only wait for the result, you don't need to do something or to think so deep for you to win because all of you have an equal chance of winning such as roulette, lottery, and other gaming machines.
Casino games:

Slot machines
Progressive bonuses
Bingo
Roulette
Sic Bo
Baccarat

Lottery products:
50/50 raffles
Pull-tabs
Scratch’n win tickets
6/49
BC/49
Lotto Max
Keno
Pacific Hold’em
Source: https://www.bcresponsiblegambling.ca/understanding-gambling/types-gambling
For me, I will choose the skill-based gambling because I am not hoping for the luck of life, I want to take action to make my life great. It is still better to think logically and analytically at any time.

But if you are only a beginner, I think the chance-based gambling would be suitable for you, but do not stick only on that, you should improve yourself, acquire skills and knowledge through experience so you will be able to play skill-based gambling soon.

That's a pretty useful list you've put together and should help newcomers quite a lot. It's worth noting that oftentimes casinos will try to mislead or dress up a certain game so it looks like something else. An example would be video blackjack - unless it is live (and you know the deck count + how often they are refreshed) then you won't be able to get an edge by card counting. Games where the house has full control of the payoutse are all internally engineered to favor them in the long run and players will not get any expected advantage. It's worth knowing the game inside out as well, because the house gets an advantage in 3-card poker which effectively rigs the game against the player - you need to be playing normal games like Texas Hold'em to win with skill.

[Fatunad]

I think everyone in this thread would agree that it depends on which game because there are some that's skill based like horse race, probability based like dice, and a bit of both like poker or blackjack.

A better example is sports betting.

There's those luck based that you've mentioned such as dice and as well as roulette too. Poker is a combination of luck and skill? I think it's still mainly all about skills.

All gambling games does really need some luck for you to win and it do really differs into those games on how its played and what are factors needing for you to win and its just understandable depending on the type of games you've been dealing with and this is where sports-betting do differs out from dice or roulette games.You could able to determine for yourself on how its been done and what are needed and you would realize
that it is something different when it comes on how you should play the game.Some do prefer on games which are pure luck based and some do likes on dealing with something which is more challenging.

[AmoreJaz]

I think everyone in this thread would agree that it depends on which game because there are some that's skill based like horse race, probability based like dice, and a bit of both like poker or blackjack.

From the word itself, "gambling" is a game of chance. But, there are some games that can at least increase the odds on your favor. For example, while you cannot absolutely predict the pool of cards in poker, you may have a vague assumption of the hands of your opponents depending on their facial expression and other different factors. While the game is based on luck, you may increase your chances of winning by adding that extra bit of edge on your favor.

But from its nature, gambling is always chance-based. Even if you have all the algorithm prepared, one cannot just predict 100% the odds.

in poker, experience and skills are good elements to increase your chance of winning. though it is still based on luck, it is known that in this game, you can increase your chance. however, it is different when you talk about dice or crash, that's really pure luck even if you apply any known strategy or skill you have. so in gambling, a lot are really making good money those who are into poker or sportsbetting. because if they live and breath those games, high chance that they can earn good profits.

[Kakmakr]

I do believe that gambling is based on both skill and chance. If you play a particular game all the time, soon you'd notice a pattern whenever you win or lose. If bettor has a small knowledge of statistics and probability he or she will under its application in every game. On the other there's a small role that luck/chance plays. Someone said that that the difference between skill and chance is long term versus short term thinking.

How can there be a pattern if every bet is unique? The outcome is determined by the Client Seed and the Server Seed, so there is no pre-determined pattern to follow. If there were any recognizable pattern, professional gamblers and math boffins would spot these quickly and they will drain the house.

There is a lot of skill and some luck in Sports betting, but even if you are a Sport boffin.... the house will handicap you, if you win too much. Every thing in gambling is geared to favor the house.    (They need to be profitable for us to play there)

[Ziskinberg]

I do believe that gambling is based on both skill and chance. If you play a particular game all the time, soon you'd notice a pattern whenever you win or lose. If bettor has a small knowledge of statistics and probability he or she will under its application in every game. On the other there's a small role that luck/chance plays. Someone said that that the difference between skill and chance is long term versus short term thinking.

How can there be a pattern if every bet is unique? The outcome is determined by the Client Seed and the Server Seed, so there is no pre-determined pattern to follow. If there were any recognizable pattern, professional gamblers and math boffins would spot these quickly and they will drain the house.

There is a lot of skill and some luck in Sports betting, but even if you are a Sport boffin.... the house will handicap you, if you win too much. Every thing in gambling is geared to favor the house.    (They need to be profitable for us to play there)

We just choose between the two, skilled based or chance based, I guess I would stick with the Skilled based as you can develop your skill in the long run unlike games that are based on luck where you solely rely on pure luck to win. Sports betting is one my favorites, actually, it's the one that I focus now as I believe in the future I could be consistent just like what I wish myself to be.

Also, the win gives me better fulfillment, so I'm just happy what I'm doing and that makes me last.

[Lanatsa]

I do believe that gambling is based on both skill and chance. If you play a particular game all the time, soon you'd notice a pattern whenever you win or lose. If bettor has a small knowledge of statistics and probability he or she will under its application in every game. On the other there's a small role that luck/chance plays. Someone said that that the difference between skill and chance is long term versus short term thinking.

How can there be a pattern if every bet is unique? The outcome is determined by the Client Seed and the Server Seed, so there is no pre-determined pattern to follow. If there were any recognizable pattern, professional gamblers and math boffins would spot these quickly and they will drain the house.

There is a lot of skill and some luck in Sports betting, but even if you are a Sport boffin.... the house will handicap you, if you win too much. Every thing in gambling is geared to favor the house.    (They need to be profitable for us to play there)

We just choose between the two, skilled based or chance based, I guess I would stick with the Skilled based as you can develop your skill in the long run unlike games that are based on luck where you solely rely on pure luck to win. Sports betting is one my favorites, actually, it's the one that I focus now as I believe in the future I could be consistent just like what I wish myself to be.

Also, the win gives me better fulfillment, so I'm just happy what I'm doing and that makes me last.

Why would choose if you could do both? Dealing with several games on similar time is not really that hard unless if you do really need to concentrate specially when you do play card games.

It does depend on what suits you in because choosing games according to your interest isn't something hard or not that complicated.

Choosing one doesn't really need up any discussion though but most of the time people do really get interested on instant results like dice and roulette.