GAMBLING: Skill-based vs. Chance-based

[Alucard1]

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.

[1713575806]

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[kayvie]

Well, I really don't have the luck when it comes to gambling, especially when I play dice or slot machines, I always lose when I play chance-based games. So, I am also into playing skill-based, poker is also one of my choices.

[KrisAlex18]

Nice thread buddy, skill-based and chance-based are both equal for me, I played on both ways depends on my current mood, if I feel okay and feel fresh I will play skill-based gambling because I can focus and think wisely on betting or gambling, lately, I am lack of sleep because of insomnia so I always feel tired and irritated that is why I often play chance-based gambling because I don't need to think more, I just only need to bet what I want.

But honestly, skill-based is what we should choose in both ways because it is great to use our mind while playing, do not make our thinking passive, always use it.

Well, I really don't have the luck when it comes to gambling, especially when I play dice or slot machines, I always lose when I play chance-based games. So, I am also into playing skill-based, poker is also one of my choices.

Lol, there equal odds of winning on a chance-based gambling but whenever I play in chance based gambling I always feel like there is no fair on it because of being lost streak.

[GreatArkansas]

Skill-based is kinda difficult for me, especially I am a busy person since if you want to dominate in Skill-based games, you really should need a lot of time to practice and play more to become a skilled player.
I'll go with chance-based gambling since all the players are the same, even how much your fund is or skill is, the chance will still decide.

[jhonjhon]

Skilled-base gambling is having a big chance to win especially when you have knowledge on it but we can't deny also that more people are in Chance-base gambling ( as in your definition)just like a lottery. People will choose Chance-base gambling because they think about luck but that chance is actually bringing them to suffer losses than of winning.

Well, if I've chosen one of them, I actually choose Skilled-base gambling which I can actually use and apply your knowledge and skill. This way, we are not just relying on LUCK but we are also performing to the best thing we can do in order to win.

[Jawhead999]

I still prefer chance-based games, because I don't want think to much about it. Not about I'm always lucky or win streak, I usually get lose streak too and lost all of my money  .

I am not hoping for the luck of life, I want to make action to make my life great.

You're wrong then, actually we're mostly hoping about luck. Even if you think you're very skillful and experience about skill-based gambling, it doesn't mean you will always win from it.

[Ucy]

Ofcourse - (skill-based betting esp).
You'll need to learn skill-based bettings well though before increasing your bet to high amount. I think if the skill-based betting doesnt become a sustainable source of income after trying abit long,  you will need to switch to what works for you.
In regards to luck-based bettings, you only bet little or what you can afford to lose, afterall there is/are "treasures" to be won.

Whichever one we choose to play or bet on, we should play responsibly/safe and try not to gamble. And the games should be good/safe games.

[DarkDays]

I don't think Blackjack is a skill-based game. I do agree with sportsbetting though, since it's definitely possible to beat the odds if you know what you're talking about.

I have always tended towards skill based games. I used to play competitive counterstrike and would bet on my own matches, and I've also played Poker professionally for over a decade now.

That said, I still play luck-based games from time to time. Mostly dice, crash and hi-lo games, but sometimes I'll also play Minesweeper on Crypto.games or the game on BetKong. I'll usually only bet small amounts on these platforms, since I'm mostly using them as a pastime, rather than looking to strike it rich.

[Ziskinberg]

Skill based all day. I would choose it because it's more challenging and I believe if I will continue to gamble and improve my skills, in the future I'll be able to make it as my profession.. Sounds really hard right? of course it is because we know that the chance of success is very dim, but the thing is, IT"S NOT IMPOSSIBLE>...... we can be successful if we will never give up easily.

[deisik]

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

It's good that you take action to make your life better

But you shouldn't discard how much luck means in our lives and what power it has over our destiny. After all, we owe our very existence to luck. The point is, when there is a lucky moment you shouldn't think twice but catch at the opportunity as soon as it presents itself. Actually, without luck life would be pretty boring, and even if you are endowed with analytical skills above average, that may not suffice to get far in life

[sunsilk]

Chanced-based was also known for Luck-based.

With the two kinds, you don't actually have to choose with any of them. As long as you know how to play the game that you used to play then you have to adapt it and make your own strategy and decision that will be favorable to you.

As a gambler, we tend to shift from one game to another if we find ourselves not effective with the other one.

[Peanutswar]

I think I will prefer on the skilled base gambling because I really love to play gambling games most of the time is the sports or e-sports game because it is easier to check it out the statistics of the players and the whole team who is the most one to conquer the game also there are a lot of unexpected things happen in these game like a comeback this kind of action gives me chill every time I play gambling because it is more intense and a lot of pressure.

These are the things I visited wage for e-sports gambling
Gosugamers.net - this platform gives a lot of information to me most of the time in analysis.

For sports gambling
ESPN - A lot of news articles what are the recent games and upcoming games.

[maydna]

I consider myself as a beginner in the gambling games, so I choose the chance-based because I don't know too much with the skill gambling games. Besides that, I only play on the easy gambling games which are about the chance. I can use some money to gamble in that gambling games, and I can stop anytime I want so I can accept the risk if somehow, I lost the cash for playing gambling. I still trying to limit my money in the chance-based gambling games because I realize that if I don't do that, I will lose all of the money that I have, and that will make me confuse and regret it. But whether it is a skills-based or chance-based gambling games, we always need to have luck so we can win the games.

[stadus]

I'm happy to see this kind of discussion, gamblers should be able to differentiate a skilled based games from a luck based games as that would make them realistic on knowing their chances if they are seeking for a win.

I play both of these, but most of the time I put my focus on skilled based games particularly on sports betting, and I am happy to where I am now though I took a break for over two months already I guess.

[o_e_l_e_o]

I don't think Blackjack is a skill-based game.

It depends. All gambling has an element of luck to it. Blackjack may or may not have an element of skill to it too, depending on how and where you play it.

Blackjack in a physical casino may be skilled based. There is a basic strategy for blackjack which tells you the best action to take (hit, stand, double, split) for every combination of cards in your hand, plus the dealer's face up card. If you are playing in a physical casino, then you need to memorize that to keep the house edge to a minimum. The only way to swing the house edge in your favor is by using techniques such as card counting or shuffle tracking, although shuffle tracking is more or less impossible now due to automatically shuffling machines. Memorizing the basic strategy and card counting are definitely skill based.

If you are playing online, as is being discussed here, then provided you follow the basic strategy (which is trivial to do and not skill based at all since you can just have it open in a second window), then it is entirely luck based, as you say. Online casinos can shuffle the cards after every hand instantly, making card counting impossible.

[20kevin20]

So is "skill-based" really a thing? Anything gambling-related has an element of luck in it, it's not like cooking where you master it the more you cook - you may get better at it, but with gambling there's still some luck you also have to depend on. Otherwise, they'd be considered sports and not gambling games, right?  

Supporters of the idea that "some gambling games are actually skill-based" usually give out examples of people who turned into millionaires from being long-term poker players - isn't that exactly like giving out examples of people who turned into millionaires from blackjack and dice games?

~

Oh man, had I not searched whether Poker is considered a sport or not, I would've beat you with the timing

[bitcoin31]

Yes they have skills that you need in some gambling games because if you not know the technique you are going to play it you will lose mostly for sure but they have gambling games that is not required to use the skills because it is base on lucky or chance for them to win to the game but startegy is better to use most of the time to lessen the risk of losing.

[Sadlife]

I also prefer skill based because gambling without strategy and only depending on luck is really boring and it takes away the fun.
Even dice games in casino's there are patterns you could see or some techniques for you to be able to win more but quite risky as well.

[Lorence.xD]

Well, I really don't have the luck when it comes to gambling, especially when I play dice or slot machines, I always lose when I play chance-based games. So, I am also into playing skill-based, poker is also one of my choices.

I can relate with you on the luck base of gambling, the slots and dice have the biggest house edge. But what I do not agree is poker is solely based on skills, that would be looking at a narrow perspective. Poker is a game that both incorporate skills and luck, to prove my point I want to tell you why there is a bluff in poker? Does it have to do with luck? Well half of it has to do with, you are lucky when they bite but the skill to make a bluff so believable completes the bluff and I think that it is enough point to prove that poker is an amalgamation of luck and skill. One special of these being true though is the rise of online casino where you can't physically interact with other players making the bluff harder albeit still executable, for the chance games though it has been different ever since, imagine slots that will strike the jackpot and not any other consolation price, the site can do that and the players will never bat an eye.

Another that I can add is the skill called card counting can be used to increase your chances in winning, you can also master probability for dice or roullete but you have to make a quick equations to make it work, math teachers and mathematicians are very good at this.

[o_e_l_e_o]

So is "skill-based" really a thing?

I mean, accepting the caveat we both mentioned regarding all gambling having an element of luck, there are definitely some which require skill as well. Poker is the obvious one. Take someone who has never gambled before and a gambler of 40 years' experience and sit them down together at the roulette table, they are equally as likely to win or lose. Now have them play head to head in poker, and you'd obviously be betting on the experienced player. Any sports betting is skilled based - you are using your knowledge of the likely outcomes to influence your bet, as opposed to just picking a winning a team at random.

Otherwise, they'd be considered sports and not gambling games, right?

Sports definitely have an element of luck to them too, some more than others. Everything from whether your star player is injured or unwell and has to miss a game, to whether the ball hits a divot in the grass, could be considered "unlucky".

you can also master probability for dice or roullete but you have to make a quick equations to make it work, math teachers and mathematicians are very good at this.

No, you can't. There are no calculations that you can do to increase your chances of winning on simple dice or roulette games. Provided the system isn't rigged in some way, every roll or spin is completely random and completely independent of every other roll or spin.