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Author Topic: Is gambling all about luck?  (Read 4869 times)
n0ne
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September 24, 2023, 09:13:59 PM
 #21

As the thread title says, gambling is a way to examine your luck. It doesn't have anything to do with one's skill. There are exceptions that had happened with gamblers, but what they had followed doesn't work with another person. With sports betting we can say it is not completely on luck. Based on our understanding about the players, team, venue, and different other factors we can predict the winning possibility. Even this fails, so there is little of luck necessary. Overall we shouldn't have the mind considering gambling as a way to earn.

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September 24, 2023, 09:15:23 PM
 #22

If we consider there is 100% fairness in games like slots, plinko, dices, etc; then indeed we can say it is all about luck. On the other hand, when we talk about betting, poker and other card games, then I would say there is a small percentage of the win chance which is directly dependent on the player's ability and intuition to foresee and outcome.

That is why when I read people talking about mindset or strategies for games, like those I first mention, to me does not make much sense. It would be easier to talk about strategy when playing poker instead.

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September 24, 2023, 09:20:48 PM
 #23

If we consider there is 100% fairness in games like slots, plinko, dices, etc; then indeed we can say it is all about luck. On the other hand, when we talk about betting, poker and other card games, then I would say there is a small percentage of the win chance which is directly dependent on the player's ability and intuition to foresee and outcome.

That is why when I read people talking about mindset or strategies for games, like those I first mention, to me does not make much sense. It would be easier to talk about strategy when playing poker instead.

Strategies I can think of that will work on casino games are usually just Martingale and max bet upon x times of loss, which to me does not make much sense as these can be considered as bankroll management and not directly a strategy to defeat the game. I don't know what kind of 'strategy' will work to a game that is governed completely by luck and variance, because if there's one then I'm pretty sure people would know about it and use it all the time.

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September 24, 2023, 09:20:53 PM
 #24

In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.

Referring to the title of this thread.
The answer will really depend on what game you are playing. If we play a game that is purely based on luck, of course luck plays a big role in our need to win the game session. However, for several other types of gambling, it's not all about luck, although luck also plays a role. In some gambling cases, luck is another supporting factor, apart from us involving several methods or mechanisms in determining every bet we make. It's up to you whether you want to believe it or not and that is your right.

For me personally, luck is another factor in every bet I make. for example, in football betting, if we only rely on luck, that means we don't need to bother researching and analyzing every match between the two teams that will be held. we just choose randomly to choose the team we will bet on, because basically we believe it's all about luck.
However, in practice, it is not that simple in all our actions in football betting. Apart from the luck factor, there are other factors that become our mechanism for minimizing defeat. In this way we must have an understanding of football itself, the system that the coach applies, the players who are absent, the players who are on fire, and how the opposing teams are like. then, which option is close to ideal as the bet we will make. the rest, let luck decide.

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September 24, 2023, 09:22:14 PM
 #25

Luck?!?
No it's wrong! gambling is all about mathematics and statistics! You should never think "I am lucky or not..."
It's like thinking "there is karma" out here, yes probably yes but however you can't count only in karma or in luck Roll Eyes

That's why I will not focus too much on "luck".... moreover I will not think about it.
Yes it can be counted as a part but it's not "magic" and has a clear explanation/evidence just.... with science!
You can't just say no, all gambling involve or need luck. Whether you like it or not luck is involved and part of the process or the fun in all gambling. Tricks, skills and luck are all involved in gambling and if any of these is not well utilized in the gambling process, you can't do well. I don't think any gambler depends on luck but luck comes on it own in the process of gambling.

Analysing games to win still need luck. You can analyze A to Z without luck you can't win, luck is abstract which only appear in the winning.









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September 24, 2023, 09:22:28 PM
 #26

In my opinion, making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.
Don't get it twisted,  making money from gambling is not a bad thing because most gamblers gamble to keep winning whether you are playing for fun or for the fun either way making money and winning games is fun so it all balls down to the same thing which is that.

Gamble with the amount you can afford to lose and always take out all your balance leaving only the tour percentage play balance which should be set every week.
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September 24, 2023, 09:30:22 PM
 #27

In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.
Yes it's a matter of luck, but what uses that strategy is sports betting but the reality is that luck is the highest in gambling.

If you expect more from gambling then it is not good let alone make it as an income then it will be bad something happens to you, should not expect more unless you want fun by losing money in this game.

Gambling can make you addicted, if this is already in you then it will be difficult to get rid of.

R


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September 24, 2023, 09:33:57 PM
 #28

In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low.
Heyyy shhhhhhhhhhh.....have you forgotten you're promoting a gambling site? Lol.. they're not just gonna pay you anymore Tongue

Well, everyone knows it pays only about 13% outta the whole population that gamble annually....  like, that's crazy  ; cause at the end of the day, you're losing but they're just gonna make it look like you win most of the time... If you gamble with bankrolls, don't dispose 'em... Accumulate the whole potential wins and deposits and you'll see the truth for yourself...

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September 24, 2023, 09:40:50 PM
 #29

In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.

If you are gambling to make money, then you are simply broke and looking for a way to use gambling as a means to make money, doing that alone with the emotional financial imbalance can make you do wrong choice in selection and playing, instead of you to apply skill to win, you will b judgemental about your decisions and that's why it's neve good to think that gambling is the best way to make cash at hand.

Secondly, it's your head that gives you good choice of selection, luck is there no doubt, but the beginning of your luck start from what comes out from your head. If your head pick wrong option, you will lose and continue to lose but when you choose with your head and it comes out fine, that's when you can call it luck because using your head to determine what you don't know but have it the way of your expectations is really great, if your head is not good or has zero knowledge about it, you will lose more instead of making more.

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September 24, 2023, 09:41:49 PM
 #30

If we consider there is 100% fairness in games like slots, plinko, dices, etc; then indeed we can say it is all about luck. On the other hand, when we talk about betting, poker and other card games, then I would say there is a small percentage of the win chance which is directly dependent on the player's ability and intuition to foresee and outcome.

That is why when I read people talking about mindset or strategies for games, like those I first mention, to me does not make much sense. It would be easier to talk about strategy when playing poker instead.

Strategies I can think of that will work on casino games are usually just Martingale and max bet upon x times of loss, which to me does not make much sense as these can be considered as bankroll management and not directly a strategy to defeat the game. I don't know what kind of 'strategy' will work to a game that is governed completely by luck and variance, because if there's one then I'm pretty sure people would know about it and use it all the time.

We can either call it bankroll management or strategies, still do not change the fact that results got through them can vary largely thanks to luck.

Actually, Martingale is a bankroll management technique which is obviously pretty prohibitive most the majority of gamblers, because it can require more and more money in an exponential way so one could recover from losses eventually with a single good luck strike. I have not seen anyone, but a few people around here to try it and offer screenshots as evidence and I felt impressed on how much risk such management involves...

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September 24, 2023, 09:43:29 PM
 #31

In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.
Taking gambling as a source of income is really a wrong idea. If you think of making money through gambling, then you are trying to cause problems for yourself. When gambling, we always have equal chances of winning and losing, there is no assurance that anyone is going to win. The funniest part is that whenever you are confident about a particular bet, then you might end up losing it, so there is no assurance. That's why gambling shouldn't be taken as a source of income. Gambling should be done for fun, whenever you win, the money can be used, but don't have it in mind that you will be making money from gambling.

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September 24, 2023, 09:56:56 PM
 #32

It had been established that all chance based games is all about luck, but the sports betting is all about knowledge and skills with a little touch of luck.  Since chance based game result is random, there is no assurance that a person will win unless he Mr. Luck smiles on him.  While sportsbetting is all about understanding the team participating, sizing their abilities, strength and weakness, a skilled gambler of this kind of gambling can easily predict with a higher possibility of winning.

In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.

Gambling should not be seen as a money making machine,  we should look at it as part of an entertainment industry where we engage  with it to have some fun with a twist of the chance of winnings.  
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September 24, 2023, 10:06:16 PM
 #33

In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there.

Gambling is not meant as an option to make cash purely.

Basically, we can make money thru gambling but that should not be considered as always and the only option we have to make money. Gambling is already risky and of course, it needs our money at risk to take part into gambling, what if the worst happened? Even there's a designated budget to be only used on gambling, I doubt most gamblers will follow that budget and mostly, they will breach that budget affecting the other budget it should went to.

However, we all have some kind of luck so we should strive for what is possible for us.

Luck in gambling come and go. We didn't even know when it will arrived.

If we will only depend on luck, then we are just throwing our money on something even we considered those money as afford to lose. Since luck is not always there, once it come to us, be responsible enough to cashout profits in return and don't get be carried away.
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September 24, 2023, 10:10:08 PM
 #34

In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.
Unless you are gambling sports, you have no control about the results in the long run. And even in sports it's mostly luck, but you have an edge if you are following the sport closely and have some sense who would win.

But with house games, slots or live tables etc, there's no algorithm that you could find to beat those. As that would be a play against math itself. Luck however isn't some magical thing that some have and some have not, it's a part of the same probability when you win against all odds. It just needs a name and we are just calling it luck.

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September 24, 2023, 10:13:15 PM
 #35

No one should gamble because they are looking for ways to to make money and choose gambling. What that will end it is addiction and further loss of money.
I assume there is less than 10% of gamblers that gambles to earn money, and the rest is just for fun.

I think playing for the money is one way of losing it, once you play to earn in gambling then there's a 100% chance of losing and I am not talking about luck, I'm talking about the addicting part of it. Since gambling is all about luck, and casinos are all about business, you'll probably in a spot where it is a lose lose situation.

The best way gamblers can be disciplined is to only have 5% of monthly income for gambling and it should not surpass that amount. This has been the strategy that has been helping me since long time ago till now.
I gamble a lot, virtually and personally and I find it as sort of happiness, just taking your time and playing some slots, card games, etc. but I don't really have that discipline to gamble and make an out after a win. I agree, discipline is one way of avoiding such huge losses in gambling, never play out of your means as it will only lead you to downfall. I've heard/read some stories about gambling and it is very dark that some people are loaning amount that they can never pay even if they win a million in casino.
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September 24, 2023, 10:18:12 PM
 #36

In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. [..] However, we all have some kind of luck so we should strive for what is possible for us.
Luck is there but it's not that much going to do when you gamble with those games that requires less luck but more analysis and strategy.

You have to remember that the house is always at the edge and you can't beat them if ever that's in your head. No matter how hard you try so, you'll just fail with many attempts of doing it.

I think winning or losing every game is completely in your head, so your individual tricks are not there.
In gambling, there's nowhere to go because it has only two results. You either win or lose.

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September 24, 2023, 10:28:43 PM
 #37

In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.

The gambling based on the luck of the player who had involved in the gambling,So it’s hard to get the steady income from the gambling.But the probability of continuous win will be low,So only many people will not suggest the gambling as like the trading for the full time involvement.But the Gambling is the good one for the people who seek entertainment using the money,this also like the offline casino games.The offline casino was the good option for the gamblers who want the real time entertainment.But some class issue was still exists in the offline casino.So online casino was good for all gamblers.

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September 24, 2023, 10:31:54 PM
 #38

In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.
i'm actually quite uncomfortable with topics like this that keep popping up, which in the end leads us to a circuitous conclusion lol, i think everyone understands that even though there are strategies that can be used when gambling in casinos, luck is the one that plays the biggest role in the results at the end of gambling we do.  
so it is important for every gambler to continue to apply safe and responsible principles in every gambling activity that is carried out.  if your goal is not money then you don't need luck, you just want entertainment, but if your goal is money then you need luck.

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September 24, 2023, 10:34:00 PM
 #39

When it comes to online gambling sites, there's a system that knows how much you earned and you will feel like you are not winning anymore after you hit a good amount. It's a code, not pure luck. The system knows also how much you are losing and will give some amount that will make you a bit happy and then it gets it back again either from you or from other users if you get out and withdraw it.
So luck is based on whether the right code will be on your bet but not your own luck because you could lose it again in just one minute if you try to double it up one more time.
There's a way to escape this though, sports gambling. Bookies do not control the game, they are just there to input how much are the spreads given and the odds. Using analysis of the game we could increase our chance to win but we are not blind unlike the casino games.

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September 24, 2023, 10:35:58 PM
 #40

They wanted it to be at the very least. Saw a lot of casinos and gambling sites banning people from using strategies and techniques that will give them an edge over the house, especially with card games like poker and blackjack. Some just refrain from offering these games and stick to the chance-based games like dice and slots since those rack up money for the casino too and doesn't come with the suspicion that they are being caged to play few games, and in my opinion, this is alright.

Gambling, as much as you argue, doesn't present itself as a get-rich quick scheme. It's more of a "get-rich quick if you're lucky" scheme, and involving skill into the equation disrupts that necessity for luck to intervene.

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