GAMBLING: Skill-based vs. Chance-based

[kawetsriyanto]

I even pointed that gamblers will just learn if they will lose big. That's the moment they will realize that something not right is happening and that will be the gateway for them to understand what's going in.

That's what we said "learning from mistakes". But that doesn't mean we must do mistakes first to understand it, we can learn from others' mistakes or other stories. Also, there are already many sources that telling us how bad the impacts are if we gamble carelessly. So, there are many other ways to understand the risk of gambling, it is not a must to do mistakes to build deep understanding & good awareness.

[1714732804]

1714732804

[1714732804]

1714732804

[1714732804]

1714732804

[1714732804]

1714732804

[arwin100]

I even pointed that gamblers will just learn if they will lose big. That's the moment they will realize that something not right is happening and that will be the gateway for them to understand what's going in.

That's what we said "learning from mistakes". But that doesn't mean we must do mistakes first to understand it, we can learn from others' mistakes or other stories. Also, there are already many sources that telling us how bad the impacts are if we gamble carelessly. So, there are many other ways to understand the risk of gambling, it is not a must to do mistakes to build deep understanding & good awareness.

We have so many ways to find information's regarding on what we want to do and those discussion made by people who have same interest with you is really helpful since we can get an idea to them to learn something from their experience so that it will not cost us any huge damage if we try it out for ourselves and also for sure those past experiences made by other gambler will be a good basis to not commit same mistake they do and execute better strategy to increase the chance to win on the bets we made.

[delfastTions]

As for skills, I can tell you the following: quite often we are encouraged to use demo versions of games or trading to develop skills.  For example, in the forex market. 
So I responsibly inform you that no demo versions will allow your skills to develop, but will only aggravate irresponsible behavior.  Because as soon as you start playing a real game for real money, everything will be different at once.  Demo versions serve to make you have the euphoria that you are a professional.  And then you will lose your money much faster. 
It's better to play right away than to learn in the demo.

[ipanks]

It's been a while since I read this topic and I found this list very interesting!!

How I like gambling to enjoy my free time. I believe it's valid to bet on games that involve skill, as unfortunately I'm not lucky for anything in my life lol!

Maybe you are not lucky in gambling but I am sure you are lucky in other things. No need to feel sad if you are not lucky in gambling because gambling is just for fun and as long as you can enjoy your free time, that will not be a problem but you still need to manage your money. I do not have big luck in gambling because it is not easy to have control when playing the game. But I can still enjoy the game so maybe we do not have to think about winning and only search for fun.

what if luck is just randomness interpreted in a biased way by us?
also, as the ocean, sometimes the tide is high and sometimes is not

I see luck like that, so even  @gagux123 can get luck at some point

related:
https://www.wealest.com/articles/four-kinds-of-luck

Maybe we have different views about luck but I agree with the article you gave to us. Yes, the biggest luck could be blind luck as we do not know when that luck will come. Many of us have luck because of preparation, motion, and uniqueness, which helps us win the gambling games. But I think luck can come to us in other things, not just in gambling games so it is better to use that luck that we get from other things for our benefit.

[Smartprofit]

As for skills, I can tell you the following: quite often we are encouraged to use demo versions of games or trading to develop skills.  For example, in the forex market.  
So I responsibly inform you that no demo versions will allow your skills to develop, but will only aggravate irresponsible behavior.  Because as soon as you start playing a real game for real money, everything will be different at once.  Demo versions serve to make you have the euphoria that you are a professional.  And then you will lose your money much faster.  
It's better to play right away than to learn in the demo.

Demo versions of gambling only allow you to master the basics of gambling.

It's impossible to become a great player by playing the demo version of the game.

This is true if the game is based on the player's skill and not just luck.

I'm talking about famous games like poker and blackjack. In order to become an excellent poker and blackjack player you need to have a wide range of skills.

For example, you need to be fluent in psychology and acting. You need to develop math skills. You also need to train short-term memory.

[Bitinity]

As for skills, I can tell you the following: quite often we are encouraged to use demo versions of games or trading to develop skills.  For example, in the forex market.  
So I responsibly inform you that no demo versions will allow your skills to develop, but will only aggravate irresponsible behavior.  Because as soon as you start playing a real game for real money, everything will be different at once.  Demo versions serve to make you have the euphoria that you are a professional.  And then you will lose your money much faster.  
It's better to play right away than to learn in the demo.

Demo versions of gambling only allow you to master the basics of gambling.

It's impossible to become a great player by playing the demo version of the game.

This is true if the game is based on the player's skill and not just luck.

I'm talking about famous games like poker and blackjack. In order to become an excellent poker and blackjack player you need to have a wide range of skills.

For example, you need to be fluent in psychology and acting. You need to develop math skills. You also need to train short-term memory.

Demo versions helps you a lot to learn and practice your skills. It is possible to become good players with the demo version especially if we are talking about online gambling (poker). Psychology and acting wont work in online poker as you are playing other players face to face, you do not know how your player's act and vice versa.

[imstillthebest]

As for skills, I can tell you the following: quite often we are encouraged to use demo versions of games or trading to develop skills. 

It's better to play right away than to learn in the demo.

encouraged by ? not by the owners i believe but maybe the users around us once we ask for tips on how to get good at gambling .
 if you dont have a money its not possible to play right away especially if the gambling site dont have a faucet , dont allow zero bets or any kinds to play the game without a balance .

Demo versions serve to make you have the euphoria that you are a professional

not really , what if your a beginner ?
 but thier true purpose can be to try the game and some can find happiness if they cant afford gambling with real money .

[Betwrong]

~

I would not do that if it's in my case, it's time-consuming and it will just kill the excitement that I like to feel when gambling.

Thing is, if a gambling site is reputable, they would not attempt to cheat anyone or cheat even just in one roll because if they get caught, that would destroy their reputation and their business could go bankrupt, that's the big risk for one mistake.

Same here.

Verifying every bets is crazy. Is there a person who really do that? Just choose reputable site and trust them as building a reputation is hard that unlikely they won't do some cheating. For average gamblers too, they don't know how to verify results since they just want to play.

If lose, don't think there's a cheat. That's why they called chanced-based or luck-games.

That's what I'm talking about, guys. Find several reputable gambling sites(using this forum is your best bet, imo), and play on those sites re;axed and without second thoughts which might ruin your gambling experience. Of course you can verify your bets from time to time if it brings more fun to the game, but only for that reason.

[zanezane]

~

Okay then so be it if that's what you think.

It already came from you if you're against with someone who's also good as you then whoever is better gets the win even there's the probability with the cards since both of you are also in the same shoe.

Exactly what I was saying, it's a combination of skills and statistics, I remembered a line in one of the movie that I watch, it says there that it's not enough that you have the skill but you need to also have luck as well.

[LUCKMCFLY]

It's been a while since I read this topic and I found this list very interesting!!

How I like gambling to enjoy my free time. I believe it's valid to bet on games that involve skill, as unfortunately I'm not lucky for anything in my life lol!

Don't think about that you are not lucky for anything. Not encouraging you to test a luck-based games but you can test playing at casino games for a small amount just for experience. A minimum bet is sometimes playing at $0.2. If you have a bankroll of $50, that's a long-time playing already. For $0.2, you can hit a good reward up to $50-$100 if the said casino offers a big multipliers and lots of free spins. If I have a time, I will browse some Stake.com casinos where your minimum bet can get a good multiplier. But don't forget it's gambling. Just giving you some preview playing in a luck-based games.

You are right in what you say, I do not know if you have tried playing with the slots in this case, if bets of 0.2USD are made it is very likely that in any of the slots that stake.com has you can find a good multiplier and leave with excellent profit, and precisely in my case when I play the slots when I have that touch of luck sometimes I recover or even remain neutral and it helps me to play another game.

In the case of Poker and Black Jack it could be said that poker does require skill, in the case of Black Jack there are some technical arguments that serve, such as card counting and if the cards to play are with two masses that everything changes but they exist strategies to follow. You are right in what you say, I do not know if you have tried playing with the slots in this case, if bets of 0.2USD are made it is very likely that in any of the slots that stake.com has you can find a good multiplier and leave with excellent profit, and precisely in my case when I play the slots when I have that touch of luck sometimes I recover or even remain neutral and it helps me to play another game.

In the case of Poker and Black Jack it could be said that poker does require skill, in the case of Black Jack there are some technical arguments that serve, such as card counting and if the cards to play are with two masses that everything changes but they exist strategies to follow.

[Lucasgabd]

<...>

<...>

<...>

Maybe we have different views about luck but I agree with the article you gave to us. Yes, the biggest luck could be blind luck as we do not know when that luck will come. Many of us have luck because of preparation, motion, and uniqueness, which helps us win the gambling games. But I think luck can come to us in other things, not just in gambling games so it is better to use that luck that we get from other things for our benefit.

yes, for sure!
we even have some popular sayings like "fortune favors the bold"
and in Brazil some say that when you're lucky on games/gambling you may have no luck in love, and the opposite too (luck in love, no luck in games/gambling)
hahaha, I like this kind of knowledge that is disperse around society... cool to think about it and how it build culture

[KTChampions]

I think that nowadays big wins like Jackpot are most likely called luck, usually this is a huge amount compared to the average player's spending on gambling. And unluck is too long a series of losses with good chances (even 50/50), for example, if a person from time to time bets on his favorite team and after that it always loses, then he calls himself unlucky.

yes, makes sense, I was just playing the contrarian a bit
not sure what my opinions are on luck/no luck
when it comes to blind luck

I really prefer to organize my life in a way the I have luck type 2, 3 and 4 more often, and if type 1 comes, well, I won't deny it.

In fact, it is not entirely clear to me why these points are attributed to luck:
2: "Luck From Motion" - It is obvious that the one who acts will always get more chances from life than the one who does nothing, which means that his "gain" will be greater.
3: "Luck In Preparation" - a prepared chess player is always more "lucky" than a less prepared one, this is obvious.
4: "Luck Unique To You" - it is natural that if you are a unique expert in any field, then your knowledge will be highly appreciated by the market (and maybe even higher due to the lack of competitors).
In general, I agree with you and I also try to have such luck accompany me in my life.

[xSkylarx]

~

Okay then so be it if that's what you think.

It already came from you if you're against with someone who's also good as you then whoever is better gets the win even there's the probability with the cards since both of you are also in the same shoe.

Exactly what I was saying, it's a combination of skills and statistics, I remembered a line in one of the movie that I watch, it says there that it's not enough that you have the skill but you need to also have luck as well.

Agree with this because most professional gamblers have skills and a strategy, which is why they win, and luck is also present, which strikes at any time. Still when talking to gambling it is not enough to have skill or strategy this could boost your winning but when the unlucky hits you whether what you do you could be losing at all but if you do have strategy you can have edge from winning it compare to those who don't have

[madnessteat]

As for skills, I can tell you the following: quite often we are encouraged to use demo versions of games or trading to develop skills.  For example, in the forex market. 
So I responsibly inform you that no demo versions will allow your skills to develop, but will only aggravate irresponsible behavior.  Because as soon as you start playing a real game for real money, everything will be different at once.  Demo versions serve to make you have the euphoria that you are a professional.  And then you will lose your money much faster. 
It's better to play right away than to learn in the demo.

When using the demo version of the trading terminal a person does not experience emotions that prevent him from correctly assessing the market situation and adequately calculate the risks. Demo versions were created so that we could get acquainted with the terminal operation and practice our skills without losing real money.

[Hypnosis00]

As for skills, I can tell you the following: quite often we are encouraged to use demo versions of games or trading to develop skills.  For example, in the forex market. 
So I responsibly inform you that no demo versions will allow your skills to develop, but will only aggravate irresponsible behavior.  Because as soon as you start playing a real game for real money, everything will be different at once.  Demo versions serve to make you have the euphoria that you are a professional.  And then you will lose your money much faster. 
It's better to play right away than to learn in the demo.

When using the demo version of the trading terminal a person does not experience emotions that prevent him from correctly assessing the market situation and adequately calculate the risks. Demo versions were created so that we could get acquainted with the terminal operation and practice our skills without losing real money.

Absolutely, it's different when you are doing it in an actual way because you are risking real money and it cannot be avoided that you will feel the pressure as you always think of a way on how to win. Demo version is just like playing a game, it's okay to lose but in real life, you will feel bad when yo lose.

[Fatunad]

As for skills, I can tell you the following: quite often we are encouraged to use demo versions of games or trading to develop skills.  For example, in the forex market. 
So I responsibly inform you that no demo versions will allow your skills to develop, but will only aggravate irresponsible behavior.  Because as soon as you start playing a real game for real money, everything will be different at once.  Demo versions serve to make you have the euphoria that you are a professional.  And then you will lose your money much faster. 
It's better to play right away than to learn in the demo.

When using the demo version of the trading terminal a person does not experience emotions that prevent him from correctly assessing the market situation and adequately calculate the risks. Demo versions were created so that we could get acquainted with the terminal operation and practice our skills without losing real money.

Absolutely, it's different when you are doing it in an actual way because you are risking real money and it cannot be avoided that you will feel the pressure as you always think of a way on how to win. Demo version is just like playing a game, it's okay to lose but in real life, you will feel bad when yo lose.

Demo gaming is something cant really be considered to be that thrilling or exciting because you do know that theres nothing you can lose which means you can bet out in full scale without worrying but if you do won
then it cant really give out that kind of happiness unlike when you do make out some real money bets on where you could really feel the thrill and excitement and of course you would really feel out
frustrations too on the time you would suffer continous losses.It doesnt matter which game you are engaging into because there are varieties and types that we do have in the market.

[boyptc]

Demo gaming is something cant really be considered to be that thrilling or exciting because you do know that theres nothing you can lose which means you can bet out in full scale without worrying but if you do won
then it cant really give out that kind of happiness unlike when you do make out some real money bets on where you could really feel the thrill and excitement and of course you would really feel out
frustrations too on the time you would suffer continous losses.It doesnt matter which game you are engaging into because there are varieties and types that we do have in the market.

That's true.

Demo is just a trial and nothing to be excited about.

The thrill is with real betting and your money is on it and that's why you have to be good if you're playing skilled games or take your chance and see if you're lucky if its the other game.

[goinmerry]

I don't understand why that demo becomes a topic as no one says about that thing here. It's too obvious that it's not thrilling as that's why it is called a demo in the first place. The purpose of it is to give the user insight or preview of what sort of platform they will goes into.

Don't think about that you are not lucky for anything. Not encouraging you to test a luck-based games but you can test playing at casino games for a small amount just for experience. A minimum bet is sometimes playing at $0.2. If you have a bankroll of $50, that's a long-time playing already. For $0.2, you can hit a good reward up to $50-$100 if the said casino offers a big multipliers and lots of free spins. If I have a time, I will browse some Stake.com casinos where your minimum bet can get a good multiplier. But don't forget it's gambling. Just giving you some preview playing in a luck-based games.

You are right in what you say, I do not know if you have tried playing with the slots in this case, if bets of 0.2USD are made it is very likely that in any of the slots that stake.com has you can find a good multiplier and leave with excellent profit, and precisely in my case when I play the slots when I have that touch of luck sometimes I recover or even remain neutral and it helps me to play another game.

I totally agree there. In my stake.com experience, I always bet on a minimum bet which is $0.1 to $0.2. If lucky, if we hit that free spin, or high lines combination, that can turn into a good prize in return. Also doing it on play-in. A $0.2 bet sometimes costs around $15-$20 overall. Worth to try if expecting a rush play.

[michellee]

As for skills, I can tell you the following: quite often we are encouraged to use demo versions of games or trading to develop skills.  For example, in the forex market. 
So I responsibly inform you that no demo versions will allow your skills to develop, but will only aggravate irresponsible behavior.  Because as soon as you start playing a real game for real money, everything will be different at once.  Demo versions serve to make you have the euphoria that you are a professional.  And then you will lose your money much faster. 
It's better to play right away than to learn in the demo.

When using the demo version of the trading terminal a person does not experience emotions that prevent him from correctly assessing the market situation and adequately calculate the risks. Demo versions were created so that we could get acquainted with the terminal operation and practice our skills without losing real money.

It will be different when you use the demo and real versions because the emotion will become high and it is not easy to prevent that, especially to calculate the risks. But demo version can help someone learn more about trading and that can be a way to apply and learn about the strategy that he can want to know more about trading. When he enters real trading, he can have skills that will be useful to him to analyze the market, but he still needs to think about how to manage his emotion. I think that is also needed in gambling as we need to manage our money.

[dupee419]

That's true.

Demo is just a trial and nothing to be excited about.

The thrill is with real betting and your money is on it and that's why you have to be good if you're playing skilled games or take your chance and see if you're lucky if its the other game.

While demo version of games may seem like just a 'trial version', but for skill-based games, it actually hones your skills literally, so you can't belittle those demo versions, of course, there is no thrill considering you don't have anything in stake or at risk when playing demo versions, and you also gain knowledge at it while risking nothing, although, demo versions tend to give you much more consideration to the game or the difficulty usually is easier than the real game (based on my experience on some games, at least), when you're money is really at stake.