Is gambling all about luck?

[Odohu]

It's not all about of luck but sometimes luck dose exist. Ahh let me sheare one think if you are lucky then what happened. I do treading and gambling too. I have prove of luck what happened with me. I traded in previous candle because of gap up opening it refund my amount. We all know that is game of analysis. It also happened in gambling to. Some time analysis not work luck work for you that's the reason luck exist not everytime but sometimes luck make your game.

Trading and gambling are totally different. While the former is entirely based on skill, the later has a mixture of both luck and skill. I'm doing both as well and during my time of leaning trading, the key lesson was never to treat trading like gambling. Meaning that as a trader, one of your main focus is to ensure you don't approach trading with the mindset of a gambler. For instance, the risk exposure in trading is usually less than 2% of the capital, if you want to remain in the business. But in gambling, some people risk as high as 10% or even more. If you base entirely on luck as a trader, within a very short time you will blow your account.

[Lorence.xD]

It's not all about of luck but sometimes luck dose exist. Ahh let me sheare one think if you are lucky then what happened. I do treading and gambling too. I have prove of luck what happened with me. I traded in previous candle because of gap up opening it refund my amount. We all know that is game of analysis. It also happened in gambling to. Some time analysis not work luck work for you that's the reason luck exist not everytime but sometimes luck make your game.

Trading and gambling are totally different. While the former is entirely based on skill, the later has a mixture of both luck and skill. I'm doing both as well and during my time of leaning trading, the key lesson was never to treat trading like gambling. Meaning that as a trader, one of your main focus is to ensure you don't approach trading with the mindset of a gambler. For instance, the risk exposure in trading is usually less than 2% of the capital, if you want to remain in the business. But in gambling, some people risk as high as 10% or even more. If you base entirely on luck as a trader, within a very short time you will blow your account.

Gambling and trading is literally a different thing especially on how things work, where in trading you can reduce the risk by acquiring knowledge, skills, patient and etc. Of course it is still involved luck cause no matter skilled you are if the market is down, it would be hard to trade especially in a stable market with less volatility. While in gambling, it is definitely pure luck as there's a lot of probability and chances before you have the possibility of winning like having a good hands and jackpot. Even if you are smart, if luck ain't on your side, then you would probably loss a lot.

[mirakal]

Gambling and trading is literally a different thing especially on how things work, where in trading you can reduce the risk by acquiring knowledge, skills, patient and etc. Of course it is still involved luck cause no matter skilled you are if the market is down, it would be hard to trade especially in a stable market with less volatility.

I have no disagreement with this. Although trading is more feasible than gambling but trading is not for everyone, there's no guarantee that when you trade you'll be profitable. There are day traders and long term traders, that's why it's divided because these two requires different approach. And for me, day trading is quite risky, it's just like a gambling also because you'll be guessing a short term market movement based on different factors, but you could go wrong since it's more on speculation and the likes.

While in gambling, it is definitely pure luck as there's a lot of probability and chances before you have the possibility of winning like having a good hands and jackpot. Even if you are smart, if luck ain't on your side, then you would probably loss a lot.

Pure luck? Not really, if you have the skills and you go with the skilled based gambling type, I think you'll be able to succeed in the future. And just like trading, gambling is not for everyone, it's only for the gifted people, which I think no one could be profitable when doing both gambling and trading.

one at a time!

[shivansps]

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.

We must start with the fact that the idea that I can earn a stable income from gambling is not the most correct one. We must immediately assess the situation realistically and stop dreaming. Gambling games are made for the purpose of making money, and not for the participants in these games to make money. This must be understood immediately. You have to be very careful about this

[Blitzboy]

-snip

With their experience gambling for a certain time I'm sure the value of the loss or defeat they get is higher than the value of the victory.  that's right, if they lose maybe someone else wins and I once thought that indirectly we give money to others. but this is certain or uncertain, because what I know is that gambling is a game of chance.

more precisely, the longer you persist in gambling, the more money you will lose, as others have said, the house edge always wins in the long run.
from the few words I said, we can see that whatever happens, this is a profitable game if someone is lucky but will only be an entertainment game if they are not lucky and on the one hand we will not possibly be able to beat the house edge while the gambling business is built to make a profit for the casino owner so we have to be aware of this.

I thought about what you were thinking but in fact we dont know whether it is true or not but what is certain is that whether we gamble to give winnings to other people or vice versa, the most important thing is never to give large amounts in gambling, just use small money to try your luck.

The casino's livelihood depends on the house edge. I think gambling goes beyond probabilities.

Think of gambling as entertainment, like buying a movie or concert ticket. Paying for these experiences doesnt yield a profit, right? In gambling, viewing the money spent as fun rather than an investment changes the perspective. The game, suspense, and social contact become more important than winning or losing.

I completely agree about not gambling big! Like spice, a little salt adds flavor but too much ruines it. We should bet for pleasure using budget-friendly money, like couch change. Thus, it remains a game and recreation, not a financial plan or stressor.

[TimtheYoutuber]

Most of gambling is about luck. But if you're looking into sports than its really about statics.

[GiftedMAN]

Most of gambling is about luck. But if you're looking into sports than its really about statics.

There we're people that are perfect and good in sport bets compared to casino bets. Whatever aspect we are good in, it is better we go for it and not get stranded between the both trying to see which one will work for us. Luck is very important in gambling and we need to keep gambling so that we don't finally lose hope when the luck might be very close to us for a benefiting bets that could give us huge winnings. Luck is a factor that triggers winnings whether we merit the winning or not. The more we gamble, the higher chances we are liable  to get close to winning.

[roksana.hee]

Finding our forte in either sports betting or casino games can be key to success in the unpredictable world of gambling. The emphasis on luck resonates, and the encouragement to persist in our gambling endeavors is a reminder that a fortunate turn might be just around the corner. It's a thoughtful perspective, highlighting the importance of both skill and chance in the pursuit of winning. Here's to staying optimistic and embracing the unpredictability of the gambling journey!

[LUCKMCFLY]

Most of gambling is about luck. But if you're looking into sports than its really about statics.

There we're people that are perfect and good in sport bets compared to casino bets. Whatever aspect we are good in, it is better we go for it and not get stranded between the both trying to see which one will work for us. Luck is very important in gambling and we need to keep gambling so that we don't finally lose hope when the luck might be very close to us for a benefiting bets that could give us huge winnings. Luck is a factor that triggers winnings whether we merit the winning or not. The more we gamble, the higher chances we are liable  to get close to winning.

When it comes to casino games, things are focused only on the luck of the game, there is no doubt about that, try to play and establish a good strategy to always win, it is difficult, I would say it is impossible, but I do believe in the strategies, and to win you have to know many strategies, because I think that at some point they will not work within the game, that is what you have to see, clearly I have my conviction regarding that, but it is my way of thinking , it is my way of seeing things personally, I have always seen that things with casinos are like that, but with sports betting it does have a lot to do with the degree of wisdom of a person, for example, for me sports betting is similar to do trading, because it has a lot to do with the good way of seeing things, this may happen if you know how to do it, but a person who does not have faith and who knows that things are going to go wrong is preferable. Don't do them, because leaving sports betting to chance is the worst thing you can do and allowing trading to happen by pure luck isn't either, because trading is not gambling, and whoever enters gamling in tradin, late or sooner it will be better.

Sports betting is always a good way to generate results according to what is known, so when we are in the process of doing something good and in favor of ourselves, sports betting does have many chances of winning, but there is knowing how to do them, it should not be added, in fact in my case I place bets it is only for soccer and only for boxing and UFC, because they are the sports that I know the most, and I also practiced them, so this is something we should always see and Analyze, for that reason every time we are in the presence of making a good bet, it is better to do it with reason and not with your mind, sometimes emotions can also play a good role in making a sports bet.

[Blowon]

Finding our forte in either sports betting or casino games can be key to success in the unpredictable world of gambling. The emphasis on luck resonates, and the encouragement to persist in our gambling endeavors is a reminder that a fortunate turn might be just around the corner. It's a thoughtful perspective, highlighting the importance of both skill and chance in the pursuit of winning. Here's to staying optimistic and embracing the unpredictability of the gambling journey!

Expertise in predictions may apply in sports betting, but it doesn't apply to slots, dice players or the like, because you don't need skill to play, just hope for luck.

[rachael9385]

Most of gambling is about luck. But if you're looking into sports than its really about statics.

Wow, I am surprised to see this.
Fuck statics, gambling is all about luck because even the one who thinks he or she is a football or game professional is losing more than he or she will win.
With all your statistics and with our luck you will still end up losing your bets, and you know what? Most times when you have waisted all your time predicting a game that you thought will never lose and you still end up staking higher amount, when you lost the bet that's when you will know that betting depends on luck and not your statics.
However, you might believe me or not, but that's the truth

[Zigabel]

We must start with the fact that the idea that I can earn a stable income from gambling is not the most correct one. We must immediately assess the situation realistically and stop dreaming. Gambling games are made for the purpose of making money, and not for the participants in these games to make money. This must be understood immediately. You have to be very careful about this

The participants too can make money too gambling, the problem has been that these gamblers appear greedy most of the time and so it has made them not to be able to make money consistently from gambling, if you are not greedy it's very possible to make money consistently gambling , I have seen people who has do so but then they were very careful of how much the stke and how much odds they were accumulating at once, I even know of a guy who gambles daily and makes money daily so I began to doubt the fact that you cannot make money gambling and that you shouldn't think that gambling can give money.

I know it's mostly made for the casino to make money and not to favour the gambler often but then if the gamblers can be disciplined enough not to allow greed set in, they can definitely make money against the casinos intent.

[piebeyb]

Most of gambling is about luck. But if you're looking into sports than its really about statics.

Yes, you are right, even gambling like sports betting still requires luck, luckily I prefer sports betting to casino games, for example in football matches where sometimes there is a team that is the favorite but loses to the team that is not the favorite, of course winning cannot be separated from luck. Sometimes incidents like that often happen, that's why sports betting doesn't just read statistics in predicting matches by researching in-depth information, because the importance of luck in gambling is something that is natural and almost entirely relies on random luck.

In contrast to casino games such as slot games, games that expect complete luck compared to other gambling games, that's why I'm not interested in games like slots, because I believe the game is very vulnerable to cheating, unlike sports betting which in my opinion is more logical and cannot be cheated even though there are cases of score fixing but not overall in the big leagues.  

[bbigtart]

I'm curious about loss not being an offspring of luck. Only those who win are considered lucky, and a loser doesn't find himself lucky for losing. It's a matter of choice. The way we react towards our gambling results is also a skill that could help a gambler to win. However, no accurate technique or strategy ever is available that could guarantee a gambler would win a game. In terms of winning or losing gambling is based on luck. The skills also have its fair share of credits it adds in facilitating the wins of a gambler. But from the look of things a gambler only has the ability to control how he wins or lose. A skill that regulates if a gambler loss so much or wins a lot. Luck doesn't go to the winner alone, sometimes he'd lose for another person to win.

It seems that the word luck is not appropriate when compared with defeat, perhaps the word unlucky is more appropriate. Because the word luck is suitable for those who win at gambling. because it feels very strange to hear "I lost gambling because of luck".

Luck in gambling does exist, but we don't always rely on luck to win. Luck must also be accompanied by strategy and analytical skills in playing sports betting. without a strategy, your luck in winning is very small and vice versa. So it's a good idea for both of them to collaborate in gambling.

[junder]

-snip

With their experience gambling for a certain time I'm sure the value of the loss or defeat they get is higher than the value of the victory.  that's right, if they lose maybe someone else wins and I once thought that indirectly we give money to others. but this is certain or uncertain, because what I know is that gambling is a game of chance.

more precisely, the longer you persist in gambling, the more money you will lose, as others have said, the house edge always wins in the long run.
from the few words I said, we can see that whatever happens, this is a profitable game if someone is lucky but will only be an entertainment game if they are not lucky and on the one hand we will not possibly be able to beat the house edge while the gambling business is built to make a profit for the casino owner so we have to be aware of this.

I thought about what you were thinking but in fact we dont know whether it is true or not but what is certain is that whether we gamble to give winnings to other people or vice versa, the most important thing is never to give large amounts in gambling, just use small money to try your luck.

It is clear, because in my opinion, it is also something that cannot be denied, because it is the rule that the house edge will always win, of course they set up the casino for the purpose of making profits from many people, so there is no way that the house edge can lose, and if someone does get a win, it is because they are lucky, because it is luck that can provide victory in gambling. you should realize that the purpose of the casino is to make a profit, not to provide profit, especially easily, it is impossible.

It is true, because if you are lucky even with a small amount of bets, you will definitely get a win, many people bet with a large amount of bets with the aim of getting a big win even though if they look at the side of luck it is not necessarily that it will result in victory,  but if they have luck in gambling, even if it is a small amount of bets then nothing is impossible, victory will definitely be obtained if they have luck in gambling.

[Dewi Aries]

Finding our forte in either sports betting or casino games can be key to success in the unpredictable world of gambling. The emphasis on luck resonates, and the encouragement to persist in our gambling endeavors is a reminder that a fortunate turn might be just around the corner. It's a thoughtful perspective, highlighting the importance of both skill and chance in the pursuit of winning. Here's to staying optimistic and embracing the unpredictability of the gambling journey!

Expertise in predictions may apply in sports betting, but it doesn't apply to slots, dice players or the like, because you don't need skill to play, just hope for luck.

Exactly, I totally agree with your statement that expertise only applies in sports betting and others that have a real history to predict and analyze, if you have skills in the world of sports then obviously I would prefer you or anyone to better choose this type of bet because with the skills you have at least you will be able to get closer to victory, this bet is like combining skill with luck. But if you bet on types of gambling like slots then obviously you can't apply any skills, analysis or strategy there, all of that will be in vain because this bet is purely based on luck, simply put if you are unlucky then obviously you will lose. Therefore, more gamblers are addicted to this type of betting because of the inability to accept the fact that they lose more often than win because it is difficult to get lucky in a row.

But even though there is a significant difference between the two types of betting, my advice is that you should have a good approach and only put small amounts even if you have good skills in sports because in any bet you can't completely avoid the possibility of risk, so this method is good for prevention.

[Strongkored]

Gambling and trading is literally a different thing especially on how things work, where in trading you can reduce the risk by acquiring knowledge, skills, patient and etc. Of course it is still involved luck cause no matter skilled you are if the market is down, it would be hard to trade especially in a stable market with less volatility. While in gambling, it is definitely pure luck as there's a lot of probability and chances before you have the possibility of winning like having a good hands and jackpot. Even if you are smart, if luck ain't on your side, then you would probably loss a lot.

Traders who make their trades without going through analysis using trading knowledge can be said to be gamblers because they only guess or only use feelings, while gambling, especially games based on luck, are only activities without analysis so the two are different but will be the same when people make trades only by guessing.
And not all gambling games are purely due to luck there are games or types of gambling that require skills and knowledge because they can be analyzed and with good skills the chances of winning will be better too, but often people always think gambling is pure luck but actually that's not entirely true

[Samlucky O]

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.

For me, the only way we can strive for what is possible is to only reduce the numbers of accumulated games, I discovered that the reason behind many loses is do to higher numbers of game. The strategy i see that makes the win rate high is Playing with lesser odd than higher odd like playing a single game with 2 or 3odd with $50 to win $100 or $150 than playing accumulated games of about 1000odd to play with $1. Atleast the wining Chance will be better than the accumulated games with higher odd.

[Suzume]

It's not all about of luck but sometimes luck dose exist. Ahh let me sheare one think if you are lucky then what happened. I do treading and gambling too. I have prove of luck what happened with me. I traded in previous candle because of gap up opening it refund my amount. We all know that is game of analysis. It also happened in gambling to. Some time analysis not work luck work for you that's the reason luck exist not everytime but sometimes luck make your game.

Trading and gambling are totally different. While the former is entirely based on skill, the later has a mixture of both luck and skill. I'm doing both as well and during my time of leaning trading, the key lesson was never to treat trading like gambling. Meaning that as a trader, one of your main focus is to ensure you don't approach trading with the mindset of a gambler. For instance, the risk exposure in trading is usually less than 2% of the capital, if you want to remain in the business. But in gambling, some people risk as high as 10% or even more. If you base entirely on luck as a trader, within a very short time you will blow your account.

Gambling and trading is literally a different thing especially on how things work, where in trading you can reduce the risk by acquiring knowledge, skills, patient and etc. Of course it is still involved luck cause no matter skilled you are if the market is down, it would be hard to trade especially in a stable market with less volatility. While in gambling, it is definitely pure luck as there's a lot of probability and chances before you have the possibility of winning like having a good hands and jackpot. Even if you are smart, if luck ain't on your side, then you would probably loss a lot.

I know that is different but I don't have any prove of luck when I gamble but I have the small prove of luck when I'm treading that's the reason I show it here. Both are totally different earning sector and the strategy are fully different here. Im just showing luck how it's work. Luck work but not all time but luck work.

[Julien_Olynpic]

Gambling and trading is literally a different thing especially on how things work, where in trading you can reduce the risk by acquiring knowledge, skills, patient and etc. Of course it is still involved luck cause no matter skilled you are if the market is down, it would be hard to trade especially in a stable market with less volatility. While in gambling, it is definitely pure luck as there's a lot of probability and chances before you have the possibility of winning like having a good hands and jackpot. Even if you are smart, if luck ain't on your side, then you would probably loss a lot.

I must say that modern gambling is beginning to look more and more like trading. You know, gambling does not stand still, it develops. And new trends are gradually penetrating into them too. Now there are, for example, betting platforms that have new betting models. For example, like on the Polymarket platform or earlier on FTX. You have an event that can end in several ways. For example, elections in the USA. Trump may win in 2024, or Biden may win. Trump betting is like this: you can buy a “YES” coin, or you can buy a “NO” coin. And then trade them. This is somewhat similar to derivatives in that they have an expiration date.