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Author Topic: GAMBLING: Skill-based vs. Chance-based  (Read 2408 times)
carlisle1
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September 25, 2021, 12:01:39 AM
 #261

If they are not disciplined enough to limit the funds, then they probably end with huge losses.


This is the reality, some of us do not see the risk in gambling and that made up being irresponsible gambling which is willing to risk everything instead of gambling only what we can afford to lose. Yes, they lose a lot of money and most of them learn it a hard way, and for me, I think it's better than ending up in the street because we lose our job and home because of gambling.
Much better if you still able to wake up with this bad vice and recover before you get attached and addicted.

There are many gamblers who have that situations. They think that they are still in control and this money that they are using is okay to lose and let go.

Not being aware that with repeated gambling activities, the amount already boomed up to the point that they already exceed and use the money from their savings account.
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September 25, 2021, 02:22:49 AM
 #262

Maybe luck-based games aren't just OP's cup of tea but for a majority of gamblers out there, luck-based games have a special place in their hearts and their gambling budget. Most gamblers that I know of spend a portion of their gambling budget in the slots or dice games to relieve them of the tension that the outside world, and sometimes even skill-based games gives its players. I myself enjoy playing slot machines even when I rarely win just because.
If they are not disciplined enough to limit the funds, then they probably end with huge losses.


This is the reality, some of us do not see the risk in gambling and that made up being irresponsible gambling which is willing to risk everything instead of gambling only what we can afford to lose. Yes, they lose a lot of money and most of them learn it a hard way, and for me, I think it's better than ending up in the street because we lose our job and home because of gambling.
The biggest misconception that people have over gambling is that it's a surefire way of earning money or worse even getting out of poverty for a minority who spends a portion of their salary for lottery games. Thing is that this is nowhere closer to the truth because if you account for probability and statistics, you have a higher chance of getting hit by lightning than winning the jackpot at Powerball or any lottery for that matter. Only gamble what you can afford, and only gamble for fun, that's the way to not lose your money, and your sanity over gambling.

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September 25, 2021, 03:52:25 AM
 #263

Many experienced gamblers who set limited funds to play, this way will be effective to avoid too many losses. This should be done because many of us cannot control ourselves when we are gambling
Many people lose control in gambling, including us, but unfortunately, setting the limited funds does not always work for them as they can forget to limit their funds. They want to recover their losses by depositing more money and starting playing, but that only leads them to lose that money. So no matter, we are experienced gamblers or newbie gamblers, we can lose control and once that happens, that can make tension higher.



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September 25, 2021, 05:45:59 AM
Last edit: September 25, 2021, 06:31:36 AM by fullhdpixel
 #264

I can't imagine poker against casino, this is nonsense as for my imagination. We need always alive people to play with.
I remember people were saying something for playing chess game in real world until database driven chess games arrived. So, we like or not, we are going to play poker and all other skill based games (maybe with some modifications) against casino very soon. Innovations in gambling industry is inevitable which means casinos are too keen for bringing new things to make us excited and keep gambling.

it's quite hard to see skill-based games on House edge games
Sportsbetting is a skill based gambling but we are seeing it available everywhere. So, house-edge alone not a criteria why we are not having most of the P2P to be available online. Technical limitation and lack of innovations are other probable reasons why we are not having more skill based games in online casino.

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September 25, 2021, 06:39:57 AM
 #265

There are games, that are purely based on luck or pure no brainer games such as Slot machines and Bingo. Those games don't need much thinking, it's a sit and play type. On the other hand, Card games could be a combination of both. Let's say poker, this game somehow needs you to think and strategize, whether you call, fold, raise or go all-in.

If they are not disciplined enough to limit the funds, then they probably end with huge losses.


This is the reality, some of us do not see the risk in gambling and that made up being irresponsible gambling which is willing to risk everything instead of gambling only what we can afford to lose. Yes, they lose a lot of money and most of them learn it a hard way, and for me, I think it's better than ending up in the street because we lose our job and home because of gambling.

This is the sad reality that we face. When the addiction kicks in, it's like a prison in which we can't get out easily. It's not just about the discipline, but the principle to oneself. We all know that when we start gambling or engage in such gambling activities we already lose something, for the sake of entertainment, we intend to sacrifice our principle and pride that's the thing when addiction plays its game.

This is why it's highly advisable to be a responsible gambler, spend what you can afford to spend not the other way around.
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September 25, 2021, 08:14:57 AM
 #266

I wonder how many people preferred game of chance and lottery, I still think many users still prefer skill based gambling games because there's a high chance of winning if you have the skills and skills can be developed rather than playing the game of chances that even if you use a good strategy or any kind strategies in betting the chance of losing and wining is almost the same and you don't have an advantage to analyze game and other things that you can do in sports betting.

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September 25, 2021, 08:41:27 AM
 #267

I wonder how many people preferred game of chance and lottery, I still think many users still prefer skill based gambling games because there's a high chance of winning if you have the skills and skills can be developed rather than playing the game of chances that even if you use a good strategy or any kind strategies in betting the chance of losing and wining is almost the same and you don't have an advantage to analyze game and other things that you can do in sports betting.
Chances of winning consistently in skill based gambling supercede that of chance gambling for instance in soccer gambling a gambler would pick a big team whose chances of winning is sure compared to a small team although the odd might be too small, however picking two or three of such a sure bet will guarantee a small winning which if won consistently would add up to extra income, in a chance betting there is a tendency of losing out completely and becoming bankrupt if addicted to such type of gambling, above all moderation and betting with the amount of money we can afford to lose is very important.

Wawa2013
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September 25, 2021, 08:48:25 AM
 #268

I wonder how many people preferred game of chance and lottery, I still think many users still prefer skill based gambling games because there's a high chance of winning if you have the skills and skills can be developed rather than playing the game of chances that even if you use a good strategy or any kind strategies in betting the chance of losing and wining is almost the same and you don't have an advantage to analyze game and other things that you can do in sports betting.

I don't have data showing which many people choose skill based or chance based when gambling. But I prefer gambling based on chance,
like Dice or Slots. Because my goal is to play gambling just to find entertainment and not obsessed with winning. But for people who consider
winning in gambling important, there are even some people who make gambling as a source of income. So those who like that definitely choose
gambling based on skill, which is usually a big enough chance to win if a gambler who has expertise continues to choose gambling based on skill.

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September 25, 2021, 08:56:46 AM
 #269

If they are not disciplined enough to limit the funds, then they probably end with huge losses.


This is the reality, some of us do not see the risk in gambling and that made up being irresponsible gambling which is willing to risk everything instead of gambling only what we can afford to lose. Yes, they lose a lot of money and most of them learn it a hard way, and for me, I think it's better than ending up in the street because we lose our job and home because of gambling.

In the case of a different situation, there are some people who really like to play gambling as their habit and there are some who would like to use gambling as the source of their income. There are people have keep consciousness to their gambling habit and they are not some of them manage to limit the amount they gambling some of them does not even care. It is ideal if we  manage to keep manage our money. There are some keep hoping to keep their money back again and stop but instead they lose more.

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September 25, 2021, 09:02:14 AM
 #270

Chances of winning consistently in skill based gambling supercede that of chance gambling for instance in soccer gambling a gambler would pick a big team whose chances of winning is sure compared to a small team although the odd might be too small, however picking two or three of such a sure bet will guarantee a small winning which if won consistently would add up to extra income, in a chance betting there is a tendency of losing out completely and becoming bankrupt if addicted to such type of gambling, above all moderation and betting with the amount of money we can afford to lose is very important.

Despite the fact that the chances of a stronger team are much higher against a weak one, this does not help the gambler in any way, since the odds offered by the bookmakers take this into account. Whichever team you bet on, you will lose (over a long distance) about the same percentage of your deposit. And by the way, by placing bets on favorites, you will lose a little faster, since due to the bias of betters' interest, bookmakers underestimate odds on favorites.

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September 25, 2021, 01:57:09 PM
 #271

I wonder how many people preferred game of chance and lottery, I still think many users still prefer skill based gambling games because there's a high chance of winning if you have the skills and skills can be developed rather than playing the game of chances that even if you use a good strategy or any kind strategies in betting the chance of losing and wining is almost the same and you don't have an advantage to analyze game and other things that you can do in sports betting.

I don't have data showing which many people choose skill based or chance based when gambling. But I prefer gambling based on chance,
like Dice or Slots. Because my goal is to play gambling just to find entertainment and not obsessed with winning. But for people who consider
winning in gambling important, there are even some people who make gambling as a source of income. So those who like that definitely choose
gambling based on skill, which is usually a big enough chance to win if a gambler who has expertise continues to choose gambling based on skill.

In a neutral stance, most of us would feel like using our intellect to feel the fairness and chances of winning in gambling but then, perhaps skill is what is hard to come by in a short time, that's what makes us all like the brevity that comes from luck more in gambling, can look at a wide range of gambling topics, although sharing is not perceived as fair in lucky gambling games but very few people switch to the skill category, skill mastery can't increase quickly. Whether obsessed with winning or coming to gambling with pleasure, we prefer the summary to the process, rather than the nagging chase.

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September 25, 2021, 04:03:51 PM
 #272

You should also add video poker to the skill based category.

I personally prefer chance based simply because I'm not expecting to profit whenever I bet.

If you are seriously wanting to make money out of gambling then you shouldn't even bat an eye on something like Slots, that has historically killed the bankrolls of many skilled players.
I think that at the end of the day it depends on your preferences, I do not expect to make profits either but I prefer skilled based games as to me that increases the fun of the games immensely, games like poker or sports bets are my favorite, obviously luck still plays a factor and it can favor or damage your chances of actually winning the bet so there is still an element of luck there, which in my opinion makes those kind of games completely perfect, but as I said that is my preference and I can understand why some may like something like dice.
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September 25, 2021, 06:47:08 PM
 #273

I wonder how many people preferred game of chance and lottery, I still think many users still prefer skill based gambling games because there's a high chance of winning if you have the skills and skills can be developed rather than playing the game of chances that even if you use a good strategy or any kind strategies in betting the chance of losing and wining is almost the same and you don't have an advantage to analyze game and other things that you can do in sports betting.
You can say that many gamblers will prefer skill base game but there is more to skill base game cause if you gat no good skill in the game, your chances of winning bets might be low losing more than you can earn. To be a good skill base game gambling, you need to have gotten a lots of years experience for playing such game to be very good in the game.

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September 25, 2021, 10:10:29 PM
 #274

To make things clear, When the player plays against the house, like in slot machines, the game is considered a chance game. When a player competes against other players, though, it is considered a skill game. A player can tell if a game is skill-based if it combines statistics or math skills or techniques.
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September 25, 2021, 10:52:47 PM
 #275

I wonder how many people preferred game of chance and lottery, I still think many users still prefer skill based gambling games because there's a high chance of winning if you have the skills and skills can be developed rather than playing the game of chances that even if you use a good strategy or any kind strategies in betting the chance of losing and wining is almost the same and you don't have an advantage to analyze game and other things that you can do in sports betting.
You can say that many gamblers will prefer skill base game but there is more to skill base game cause if you gat no good skill in the game, your chances of winning bets might be low losing more than you can earn. To be a good skill base game gambling, you need to have gotten a lots of years experience for playing such game to be very good in the game.

At this point you are absolutely right, many support that games are better based on skills but in reality when you do not have much experience you lose, and even believing that you know, in my case I do not consider myself an expert or a professional, because just as Than you, I think you have to have played for years, and have experience in a specific game, because in many games I do not believe it, of course many bet and believe that they have more possibilities based on their ability is with poker.

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September 25, 2021, 10:59:34 PM
 #276

To make things clear, When the player plays against the house, like in slot machines, the game is considered a chance game. When a player competes against other players, though, it is considered a skill game. A player can tell if a game is skill-based if it combines statistics or math skills or techniques.

Well said. As someone who has played both skill and luck based game, I agree with your take. But between the two, I prefer playing skill based games instead because I already have an idea of what I would be expecting rather than just leave everything up for luck to decide my fate. With skill, I know when I should blame myself for losses as opposed to being lucky.

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September 25, 2021, 11:14:20 PM
 #277

To make things clear, When the player plays against the house, like in slot machines, the game is considered a chance game. When a player competes against other players, though, it is considered a skill game. A player can tell if a game is skill-based if it combines statistics or math skills or techniques.
Yes, a game can easily be figured out if it is a game of chance. And to those skilled needed games, it's about competition with other players and people will also say that those type of games are a combination of luck and skill. We do not know if we're lucky for the certain day and even if we're too skilled, time will come that we have to lose. Be it that whether you play the chance or skill games, it will still be needing everyone to gamble only with you can afford to lose.

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September 25, 2021, 11:58:43 PM
 #278

To make things clear, When the player plays against the house, like in slot machines, the game is considered a chance game. When a player competes against other players, though, it is considered a skill game. A player can tell if a game is skill-based if it combines statistics or math skills or techniques.
Yes, a game can easily be figured out if it is a game of chance. And to those skilled needed games, it's about competition with other players and people will also say that those type of games are a combination of luck and skill. We do not know if we're lucky for the certain day and even if we're too skilled, time will come that we have to lose. Be it that whether you play the chance or skill games, it will still be needing everyone to gamble only with you can afford to lose.
With just using up your common sense then you could really say whether you are dealing with skill based or luck based and this is the time on where you do really make out some judgement whether you do like to play dice

and similar games which are really that purely relying on luck and some games that you do need to think off well for you  to be at least have some advantage but wont be always a guarantee to make profits.

Its all about choices and preference because each of us does have its own interest on things.

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September 26, 2021, 02:42:46 AM
 #279

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.

We have different likes and dislikes, I really don't like lottery games since the chance of winnings is really low but the profit is definitely high. In regards with provably fair games such as dice games and roulettes I really do like those since there's some kind of excitement but just like you I do like the skill-based gambling especially sports betting and blackjack where in your decision have effect to the outcome of your bet.

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September 26, 2021, 02:48:48 AM
 #280

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.

We have different likes and dislikes, I really don't like lottery games since the chance of winnings is really low but the profit is definitely high. In regards with provably fair games such as dice games and roulettes I really do like those since there's some kind of excitement but just like you I do like the skill-based gambling especially sports betting and blackjack where in your decision have effect to the outcome of your bet.

You don't have to take it seriously, just gamble the lottery for fun, sometimes I bet on the lottery but I'm not really expecting that I have a high chance of winning, if I'm lucky that's it, I will win big and be happy, but if you are consistently betting on this regularly, then for sure you will accumulate big loses.

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