GAMBLING: Skill-based vs. Chance-based

[Fivestar4everMVP]

I will go with skill based, I've played based on luck for a very long time but I've never won anything, this made me believe am not good with luck, so I did rather take my destiny in my own hands rather than depend on luck.
And even outside gambling, one has a higher chance of succeeding in something he or she is very skillful at, take trading for example, one who trade based on luck never can have the kind of success one who already has the skill have.

[1714715254]

1714715254

[alpamar99]

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

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.

I tried to make a rebuttal about this but it seems that this makes a lot of sense with the reality.
because basically a lot of wins like this jackpot, of course, goes through a series of many rounds and this of course requires a lot of time and capital.
actually this is a basic concept that exists when in gambling because of course every dealer must have a way to make settings as if this is natural but in fact it is a setting that is made.

[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.

I tried to make a rebuttal about this but it seems that this makes a lot of sense with the reality.
because basically a lot of wins like this jackpot, of course, goes through a series of many rounds and this of course requires a lot of time and capital.
actually this is a basic concept that exists when in gambling because of course every dealer must have a way to make settings as if this is natural but in fact it is a setting that is made.

How did you try to make a rebuttal? Maybe you will write in more detail, now I do not understand your idea very well.
As for getting the Jackpot, it is clear that to get it, you need to make hundreds of thousands (or even millions) of bets, but this condition is compensated by the fact (for casual players) that there are a lot of gamblers and in total they easily reach the required values.

[freedomgo]

I will go with skill based, I've played based on luck for a very long time but I've never won anything, this made me believe am not good with luck, so I did rather take my destiny in my own hands rather than depend on luck.
And even outside gambling, one has a higher chance of succeeding in something he or she is very skillful at, take trading for example, one who trade based on luck never can have the kind of success one who already has the skill have.

Actually, if your main purpose is to win consistently, you should know that skilled-based game is good for you. Luck-based games does not give you consistency but at least it will give you more fun (based on my experience). You can try whatever you think will give you a better chance fo winning, but always remember that you should not take the entertainment as it's very important to survive and enjoy gambling in the long run.

[Rufsilf]

I prefer to play on skill-based gambling, because it entertains mo more and in that way I enjoy playing it and I also get to exercise my mind than doing nothing other waiting for the results of your bet and it bores me.

But I don't usually participate in gambling activities, depending on my mood wether I'll play or not. Still luck always play a huge role whatever gambling activities you're into, you can't always win even if your knowledge and skills are high. Eventually, the owner will always win.

[Russlenat]

I prefer to play on skill-based gambling, because it entertains mo more and in that way I enjoy playing it and I also get to exercise my mind than doing nothing other waiting for the results of your bet and it bores me.

But I don't usually participate in gambling activities, depending on my mood wether I'll play or not. Still luck always play a huge role whatever gambling activities you're into, you can't always win even if your knowledge and skills are high. Eventually, the owner will always win.

I guess you should try participating or gambling in a skill-based game as it brings different feelings when you are already playing, who knows, you might be one of the most successful gamblers in the world, that possibility would not happen if you will not try.

[Lucasgabd]

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.

one would be able to argue that only true luck is type 1 luck, blind one and the other 3 are opportunities and not exactly luck.
as with any model we can discuss the possibility

brought the idea here because I like it as one of many possible paths

[Findingnemo]

I prefer to play on skill-based gambling, because it entertains mo more and in that way I enjoy playing it and I also get to exercise my mind than doing nothing other waiting for the results of your bet and it bores me.

But I don't usually participate in gambling activities, depending on my mood wether I'll play or not. Still luck always play a huge role whatever gambling activities you're into, you can't always win even if your knowledge and skills are high. Eventually, the owner will always win.

Skill based gambling also can put yourself under pressure if you are not getting the results as you expected for long time si the entertainment part is getting nullified there for me the luck based games are more fun and real entertainment since you can convince that its not your day even if you lose.

[Jawhead999]

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.

It's similar strategy with the trading demo, you will be easily to made a profit but in the real situation isn't same. I'm more prefer to learn on twitch or youtube rather than a demo version because when we watch someone play he's play with real money and real opponents. We need to understand how to beat them in real money, IMO learning in demo version is just time wasting.

For me luck based are more fun because I don't need any effort and skills, the jackpot from slots is actually more interesting for me.

[ShowOff]

I guess you should try participating or gambling in a skill-based game as it brings different feelings when you are already playing, who knows, you might be one of the most successful gamblers in the world, that possibility would not happen if you will not try.

Skill based games can give a great sensation to the players compared to luck based games, I have to admit it. I think skill based games can be considered as real gambling because players don't just rely on luck, but they also have to put their skills first to win. Although I mostly bet on luck based games, but I like some skill based games.

[xSkylarx]

I guess you should try participating or gambling in a skill-based game as it brings different feelings when you are already playing, who knows, you might be one of the most successful gamblers in the world, that possibility would not happen if you will not try.

Skill based games can give a great sensation to the players compared to luck based games, I have to admit it. I think skill based games can be considered as real gambling because players don't just rely on luck, but they also have to put their skills first to win. Although I mostly bet on luck based games, but I like some skill based games.

Agree, as you can see that there are professional gamblers that at rich now and also earning big from playing gambling . Though i am not fun in the gambling but i am really amazed about this since they are really earning big, as my self i thought that gambling is all about luck but there are games that bases the skills and also with luck. I do play gambling but it is for only fun and also only those simple ones since i cant really understand those complicated card games.

[worldofcoins]

I definitely prefer skill based.

It takes a while to master but once you do you can maximise the odds of winning or at least not losing.

For example, BJ has a house edge of 0.5% if you play perfect basic strategy or even a positive EV if you know how to count cards. Compare this to American roulette which has a house edge of 5+%.

I'd say Poker is best if you're into Skill based gambling.
Also, there are this hand sign game where u go player vs player and select a hand from Rock, Paper, or Scissor and the best one wins, I could be totally random but if you can read the opponent correctly after a few games then it's quite skilled to win

[Natsuu]

I guess you should try participating or gambling in a skill-based game as it brings different feelings when you are already playing, who knows, you might be one of the most successful gamblers in the world, that possibility would not happen if you will not try.

Skill based games can give a great sensation to the players compared to luck based games, I have to admit it. I think skill based games can be considered as real gambling because players don't just rely on luck, but they also have to put their skills first to win. Although I mostly bet on luck based games, but I like some skill based games.

Agree, as you can see that there are professional gamblers that at rich now and also earning big from playing gambling . Though i am not fun in the gambling but i am really amazed about this since they are really earning big, as my self i thought that gambling is all about luck but there are games that bases the skills and also with luck. I do play gambling but it is for only fun and also only those simple ones since i cant really understand those complicated card games.

When I see/hear professional gamblers in a skill based games, I always think of POKER, and though these are a skill-based game, the main skill that these players have is trickery. A skill to convince other players to believe what you are trying to make them believe. And it is pretty impressive, but generally if you think about it, its 90% luck game. Because even though you try your best to trick, the outcome is still not sure to be in your favor.

Though I myself love playing card games over other gambling games out there, as I prefer these games to be fun, exciting and challenging.

[Theones]

For relaxation, I prefer games of chance. Games that require skill have a significant drawback - it is very difficult to relax while playing them. The more money at stake, the higher the likelihood that you are playing with the most skilled opponent who treats this activity as making money, I do not want such stress when I need to rest.

For me they both are same way of climbing the same mountain i.e. losing the money (atleast for me). The irony of chance based game is that once you start you never stop unless you have nothing left in pocket. You start game for relaxation but you get anxiety n stress as you proceed.
These are just my two cents.

Same for me. I understand perfectly well that in 99.99% of games I will end up in the red, but that's okay. But when I lose dice I am calm because I understand the mathematical basis of the process, and when I lose to a live opponent I feel stress because it turns into something personal 
And I'm glad I don't have a problem to stop on time. I do not have such situations when I exceed the limit and remain without money.

Despite knowing the fact that we will end up in loss 99.9% of the games we played we still opt to take chance and lose money. 
I do gambling with certain amount and once its gone I prefer to quit the casino with my favorite drink in hand that helps me in over coming the anxiety caused by the gambling. Though there are many gamblers that take huge cash from same casino.

[worldofcoins]

Despite knowing the fact that we will end up in loss 99.9% of the games we played we still opt to take chance and lose money. 
I do gambling with certain amount and once its gone I prefer to quit the casino with my favorite drink in hand that helps me in over coming the anxiety caused by the gambling. Though there are many gamblers that take huge cash from same casino.

Haha that's quite funny "Knowing the fact and still ending up in loss"

Casinos actually don't benefit from house edge as much they do from human greed for more.

When a gambler continues to bet more and more than their odds to make more decreases with every percent they want to make after the initial bet and all the gambler thinks is "One more win and double on loss" But that ends up badly especially in dice.

[ShowOff]

Agree, as you can see that there are professional gamblers that at rich now and also earning big from playing gambling . Though i am not fun in the gambling but i am really amazed about this since they are really earning big, as my self i thought that gambling is all about luck but there are games that bases the skills and also with luck. I do play gambling but it is for only fun and also only those simple ones since i cant really understand those complicated card games.

Gambling is simple if you don't chase profit from it. You can make yourself feel happier while gambling but you will only feel it when you are at the table not on the gambling platform. Things will change when money becomes the main reason why someone should gamble regardless of whether they have the skills or just rely on luck. Now the choice is up to each of you, have fun or make money. I'm on the second choice.

[worldofcoins]

Agree, as you can see that there are professional gamblers that at rich now and also earning big from playing gambling . Though i am not fun in the gambling but i am really amazed about this since they are really earning big, as my self i thought that gambling is all about luck but there are games that bases the skills and also with luck. I do play gambling but it is for only fun and also only those simple ones since i cant really understand those complicated card games.

Gambling is simple if you don't chase profit from it. You can make yourself feel happier while gambling but you will only feel it when you are at the table not on the gambling platform. Things will change when money becomes the main reason why someone should gamble regardless of whether they have the skills or just rely on luck. Now the choice is up to each of you, have fun or make money. I'm on the second choice.

lmao, that's my 2nd time explaining this.

It's easy said than done that people won't chase their losses. I've seen people saying they won't but at the moment they set aside their past commitments and goes on a huge losing streak after continuing to chase the losses...
That sucks for them tbh.

[Lucasgabd]

I definitely prefer skill based.

It takes a while to master but once you do you can maximise the odds of winning or at least not losing.

For example, BJ has a house edge of 0.5% if you play perfect basic strategy or even a positive EV if you know how to count cards. Compare this to American roulette which has a house edge of 5+%.

I'd say Poker is best if you're into Skill based gambling.
Also, there are this hand sign game where u go player vs player and select a hand from Rock, Paper, or Scissor and the best one wins, I could be totally random but if you can read the opponent correctly after a few games then it's quite skilled to win

definitely, for skill based games Poker is one of the best in terms of gambling
I'd say it is the 'chess' of gambling options

do you see any other games that are more based in skill than in lucky?

[Congyang]

Agree, as you can see that there are professional gamblers that at rich now and also earning big from playing gambling . Though i am not fun in the gambling but i am really amazed about this since they are really earning big, as my self i thought that gambling is all about luck but there are games that bases the skills and also with luck. I do play gambling but it is for only fun and also only those simple ones since i cant really understand those complicated card games.

Gambling is simple if you don't chase profit from it. You can make yourself feel happier while gambling but you will only feel it when you are at the table not on the gambling platform. Things will change when money becomes the main reason why someone should gamble regardless of whether they have the skills or just rely on luck. Now the choice is up to each of you, have fun or make money. I'm on the second choice.

unfortunately only a small number of people do that and those who do that are only people who are already in a rich context and don't need money
it is not without reason that many gamblers now only gamble just to get more wealth, especially now that the era is already very severe, especially in the economy because indeed all activities are hampered due to the virus which until now has not been able to be overcome.
and one of the things that can make money is gambling, even though it is not really right because compared to profits, there are more losses, but many are trying to do that.

[Oilacris]

I definitely prefer skill based.

It takes a while to master but once you do you can maximise the odds of winning or at least not losing.

For example, BJ has a house edge of 0.5% if you play perfect basic strategy or even a positive EV if you know how to count cards. Compare this to American roulette which has a house edge of 5+%.

I'd say Poker is best if you're into Skill based gambling.
Also, there are this hand sign game where u go player vs player and select a hand from Rock, Paper, or Scissor and the best one wins, I could be totally random but if you can read the opponent correctly after a few games then it's quite skilled to win

definitely, for skill based games Poker is one of the best in terms of gambling
I'd say it is the 'chess' of gambling options

do you see any other games that are more based in skill than in lucky?

Black jack and Baccarat.. These card games would fit out on that criteria which means that it do involves skill not as much as hard as Poker though but still on that same category.

Actually there are few people who do stick out with these kind of games because not all would really be that interested and only some people and they do prefer most games which are luck based ones.