Is gambling all about luck?

[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.

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[summonerrk]

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.

You wrote correctly that the ability to buy cheaper and sell for a high price plays a very important role in trading, and the influence of luck is not very great there. But gambling can be different. For example, in plinko, dice and roulette, the player does not influence the game at all, but only hopes for luck. In poker or batting, the player has a pretty strong influence on the game and luck no longer has a strong influence here.
Therefore, there are many strategies and tactics, and perhaps even more of them than in the technical analysis of traders.

[LDL]

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.

It is better not to plan to earn money from gambling, especially if gambling is not the main source of income, it would be better to earn in some other way. Gambling earnings are uncertain and these earnings are not in a systematic way. It is not guaranteed that every bet in gambling will result in profit but it is certain that every bet in gambling will result in loss.
Gambling depends a lot on luck but if luck favors many can become rich overnight from gambling and many can go from rich to poor due to failure of luck. No matter how much gambling technique or experience you have, losing or going bankrupt in gambling is really a matter of luck. Gambling essentially leads to an uncertain future and every gambler is attracted and addicted to this game of fortune knowing this eternal truth.

[Zigabel]

Gambling nis mostly 95% luck, I'm saying this from my most recent experience, since the first of January I have suffered losses with 1 cut on my tickets, and the most annoying part has to be that these are game that should have been won on a normal day but it really saddens me how it happens that these game were just lost due to one goal or one Conner kick. So I concluded that if not for luck why wouldn't such games be won so it most definitely luck, because these games are expected to be won going by statistics and all.

[odunybiz]

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.

1000 odds is just too much. I played mostly accumulated bet and i play odds between 30- 50 odds. And most times I don't pick all this games in a day. Mostly between 3 days especially Friday, Saturday and Sunday. What normally affect gamblers with accumulated bet is picking so many games within a day. This make the chances of winning very low. Although single game may be profitable but it requires more fund.

[JunaidAzizi]

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.

Well making money from gambling is a good option and this is an effective tool from which you can earn a lot of money in a short period but this is only effective when you have control your greedy nature. Most people come to gambling and decide that they would not fall in addition to gambling but after some time they get addicted and from that stage, they fall. if I talk about luck and individual tricks then they both are compulsory for gambling when you know the tricks and have full statistics about what and how will you do will be beneficial and when you have a bit of good luck then this is what we call treasure. So both are necessary for increasing the winning ratio of gambling.

[Lannakosa]

It is better not to plan to earn money from gambling, especially if gambling is not the main source of income, it would be better to earn in some other way. Gambling earnings are uncertain and these earnings are not in a systematic way. It is not guaranteed that every bet in gambling will result in profit but it is certain that every bet in gambling will result in loss.
Gambling depends a lot on luck but if luck favors many can become rich overnight from gambling and many can go from rich to poor due to failure of luck. No matter how much gambling technique or experience you have, losing or going bankrupt in gambling is really a matter of luck. Gambling essentially leads to an uncertain future and every gambler is attracted and addicted to this game of fortune knowing this eternal truth.

You can earn something in gambling, but most likely these earnings will not be permanent, I draw some analogies with trading, there will always be winning and losing bets, and how good a gambler you are will determine your balance for a period, a week or a month.

In gambling, there are games in which you can rely only on luck, like roulette, but there are other games in which the result will largely depend not only on luck, but also on your skills and knowledge. If you choose a narrow direction and work in it, then over time the results can improve.

[shivansps]

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

I would like to point out that casinos, slot machines or online gambling and sports betting are different things. In casinos, online bandits and similar slot machines, people lose money because the machine is set up this way and a person does not see how honestly the machine works. in sports betting, a person immediately sees how these teams played and the result of the boxing match. I also agree that sports betting can be calculated, although it is not easy to do.

[maydna]

You can earn something in gambling, but most likely these earnings will not be permanent, I draw some analogies with trading, there will always be winning and losing bets, and how good a gambler you are will determine your balance for a period, a week or a month.

In gambling, there are games in which you can rely only on luck, like roulette, but there are other games in which the result will largely depend not only on luck, but also on your skills and knowledge. If you choose a narrow direction and work in it, then over time the results can improve.

Most of those who have won want to repeat their win by gambling again. Unfortunately, they couldn't get another win for a while, and that made them curious, so they continued their gambling game. Yes, gambling depends on luck, but there are indeed gambling games that rely on skill and knowledge to play gambling. But still, if you don't have luck, it will be difficult for you to win, and there is a possibility that you will lose a lot of money, especially if you don't have self-control in gambling. We should not put too much hope in gambling to win and make money because gambling is just entertainment. And the longer you gamble, there is a possibility that you will experience loss, so you should always limit your gambling.

[Blitzboy]

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.

Well making money from gambling is a good option and this is an effective tool from which you can earn a lot of money in a short period but this is only effective when you have control your greedy nature. Most people come to gambling and decide that they would not fall in addition to gambling but after some time they get addicted and from that stage, they fall. if I talk about luck and individual tricks then they both are compulsory for gambling when you know the tricks and have full statistics about what and how will you do will be beneficial and when you have a bit of good luck then this is what we call treasure. So both are necessary for increasing the winning ratio of gambling.

Gambling fascinates me as mental gymnastics. It can be a treasure trove if you play your cards well. I've always thought a good gambler is a mathematician and psychologist. You calculate odds, read individuals (or the scenario online), and act. This delicate interplay of numbers and intuition thrills me.

When discussing tricks and luck, I've always favored strategy. A lucky break is wonderful, but I feel more in control when I use my game knowledge. Understanding patterns, reacting to the game's flow, and trusting your instincts are key. Luck feels like a bonus, not a need.

Last but not least, gambling is fun. Its a distraction and a rewarding sort of entertainment when used appropriately. I consider it a hobby where winning is as fun as playing. Sharing tales and tips makes this forum more fun.

[Accardo]

It is better not to plan to earn money from gambling, especially if gambling is not the main source of income, it would be better to earn in some other way. Gambling earnings are uncertain and these earnings are not in a systematic way. It is not guaranteed that every bet in gambling will result in profit but it is certain that every bet in gambling will result in loss.
Gambling depends a lot on luck but if luck favors many can become rich overnight from gambling and many can go from rich to poor due to failure of luck. No matter how much gambling technique or experience you have, losing or going bankrupt in gambling is really a matter of luck. Gambling essentially leads to an uncertain future and every gambler is attracted and addicted to this game of fortune knowing this eternal truth.

You can earn something in gambling, but most likely these earnings will not be permanent, I draw some analogies with trading, there will always be winning and losing bets, and how good a gambler you are will determine your balance for a period, a week or a month.

In gambling, there are games in which you can rely only on luck, like roulette, but there are other games in which the result will largely depend not only on luck, but also on your skills and knowledge. If you choose a narrow direction and work in it, then over time the results can improve.

Luck plays a huge role in gambling. It's not a game with certain results. Gamblers know about this but try to beat around the bush with winning strategies, which doesn't happen. Vendors even sell predictions to gambler, and it won't play accurately. So, gambling is a personal arrangement between the gambler and the house. The player needs to have a personal skill he uses to try different means of beating luck. Though it's not possible to beat the house edge, but with a little bit of luck a gambler can win more money that he'd ever imagined in his entire life. That feeling of being rich came to play, the gambler may not be able to get hold of previous days lifestyle before the day he won big. His price increases, change of utilities and wagering high amounts on gambling. Which dwindles the amount of money left in the player's bank roll.

[klidex]

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.

It is better not to plan to earn money from gambling, especially if gambling is not the main source of income, it would be better to earn in some other way. Gambling earnings are uncertain and these earnings are not in a systematic way. It is not guaranteed that every bet in gambling will result in profit but it is certain that every bet in gambling will result in loss.
Gambling depends a lot on luck but if luck favors many can become rich overnight from gambling and many can go from rich to poor due to failure of luck. No matter how much gambling technique or experience you have, losing or going bankrupt in gambling is really a matter of luck. Gambling essentially leads to an uncertain future and every gambler is attracted and addicted to this game of fortune knowing this eternal truth.

There is nothing wrong with planning to get money from gambling but don't expect too much to always win because in fact gambling is completely dependent on luck, making gambling as a source of income is indeed riskier because it is like doing work, even though there are other jobs that provide a definite salary while the profits gambling is uncertain. In each casino game there are different opportunities to make a profit, but actually the way it works is the same, namely relying on luck, if you are not lucky then you will be faced with a loss.

And it is true that gambling is always profitable, of course there are many gamblers who are rich because they can make a profit just by relying on luck. But the public seems to already understand how gambling works so there are some gamblers who are not really involved with income from gambling so they just take advantage of it time by gambling without thinking about profits.

[AicecreaME]

There is nothing wrong with planning to get money from gambling but don't expect too much to always win because in fact gambling is completely dependent on luck, making gambling as a source of income is indeed riskier because it is like doing work, even though there are other jobs that provide a definite salary while the profits gambling is uncertain. In each casino game there are different opportunities to make a profit, but actually the way it works is the same, namely relying on luck, if you are not lucky then you will be faced with a loss.

And it is true that gambling is always profitable, of course there are many gamblers who are rich because they can make a profit just by relying on luck. But the public seems to already understand how gambling works so there are some gamblers who are not really involved with income from gambling so they just take advantage of it time by gambling without thinking about profits.

One shouldn't really depend on gambling as his main income. Gambling is risky. It has a lot of consequences when you lose control, winning isn't guaranteed, and therefore income isn't as secured as having a stable job to pay for your bills and to buy food. If you will engage in gambling, make sure to only do it moderately and responsibly. You don't want to lose all your money in a snap because you deposited it in a casino website thinking you could double or even triple it overnight. There's no such thing as instant money. If you will have to resort in gambling as your side hustle to make additional income, be sure to be knowledgeable first. You need to have what it takes to be successful in gambling such as determination, information, skills, strategies, and luck. Otherwise, your money will be gone in a blink of an eye.

[EarnOnVictor]

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.

You wrote correctly that the ability to buy cheaper and sell for a high price plays a very important role in trading, and the influence of luck is not very great there. But gambling can be different. For example, in plinko, dice and roulette, the player does not influence the game at all, but only hopes for luck. In poker or batting, the player has a pretty strong influence on the game and luck no longer has a strong influence here.
Therefore, there are many strategies and tactics, and perhaps even more of them than in the technical analysis of traders.

You are on point my friend, in trading, we can be so strategic and managerial and they will help us not only to know the right direction of the market so that we can win if we plan the position well and this will also enhance our account security by managing our position and account for us. This is a little bit possible in some games in gambling as well, but in most of them, the effort of the gambler will always be futile, and as you said, it is all about luck which I will agree with in this category, yet, the gambler must work on his instinct and have some preference of time and reservation in some of these games.

Now, whether the gambler knows how to bet on these games you mentioned very well or not, there will always be a little effort to make to profit with them but more reliance on luck must happen. So the two have to mix in this, and the same goes for almost all the games in casinos. But not of sportsbooks, at least most of the games could even be more of the function of how good the gambler is in predictions and all that just like how it is in trading. In all, gambling relies more on luck so much that even if the gambler is such that is good at what he does, luck is still needed even if it is just an expression as I like to view it at the end of the winning, the outcome is not something that anyone can predetermine based on how good and experienced they are in playing the games.

[danherbias07]

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

I would like to point out that casinos, slot machines or online gambling and sports betting are different things. In casinos, online bandits and similar slot machines, people lose money because the machine is set up this way and a person does not see how honestly the machine works. in sports betting, a person immediately sees how these teams played and the result of the boxing match. I also agree that sports betting can be calculated, although it is not easy to do.

It's not. Sports betting needs deep analysis about the game that will happen or else we are either betting blindly or just relying upon the odds given by the sports bookies. The accuracy of the results cannot be seen just using that. We first need to check the roster, the history of one team against their opponent, the winning chance, and more. Now, it's not like we can win 100 percent by doing that, it's just to increase our chance to win.

Casino games. I've made my share of amount of bets in casino games on my preferred gambling site which is Stake.com. All I can say is, there's always a system and not really about luck. You win big sometimes but it doesn't mean it will keep on going. The chances of the system taking it all back are there if we play longer after a win. Even by changing seeds, playing other casino games, or whatever strategy we are thinking, a losing streak may come after a multi-win.
It will be better if after we win a big amount in casino games, we put it in sports betting afterward. That way, the decision will be on you, your pick, your choice, and your own analysis.

[len01]

-snip

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.

-snip

well, this is what I mean, all of this must be truly understood by all gamblers because whatever happens if we bet on a type of bet that depends on luck, we will never be able to win and will always lose in the long run, so we would be better off if gamble using the smallest amount and think of it as a small amount of money to try your luck or think of it as paying the casino for giving us a place to have fun.
If a gambler can understand what we are talking about, there is definitely no addiction or no misunderstanding in understanding gambling.

In fact, there are still many old gamblers out there, even a very large number of beginner gamblers, who think that gambling is not about luck, but the more we gamble, the closer we are to winning big, and they always ignore the house edge which always eats away at our balance slowly without us realizing the budget we have. already empty.
even though it is true that we will get quite a big win, if we take the time to calculate the total, the win will certainly not be able to cover the losses.

we must always remember the house edge not to bet excessively and use bets with a budget that we can afford to lose.

[Weawant]

There is nothing wrong with planning to get money from gambling but don't expect too much to always win because in fact gambling is completely dependent on luck, making gambling as a source of income is indeed riskier because it is like doing work, even though there are other jobs that provide a definite salary while the profits gambling is uncertain. In each casino game there are different opportunities to make a profit, but actually the way it works is the same, namely relying on luck, if you are not lucky then you will be faced with a loss.

And it is true that gambling is always profitable, of course there are many gamblers who are rich because they can make a profit just by relying on luck. But the public seems to already understand how gambling works so there are some gamblers who are not really involved with income from gambling so they just take advantage of it time by gambling without thinking about profits.

Planning to get money from gambling is common with most gamblers and it isn't wrong in it's entirety but the desperation to making sure to meet up with such expectations is what turns out to becoming the problem we do face most of the times but this doesn't mean that we can't meet up with our gambling expectations if they are realistic and followed diligently.

Profitability from gambling is sometimes or if not most times under probability and never with an assurance but with diligence on a particular strategy you can be sure to winning at some point and not loosing too often that you don't get to be profitable gambling, there's no certainty with gambling and so it should at no point be relayed upon to doing anything but if you are lucky and you get a good win it will be wise to make good use of your winnings because it doesn't come often but once in a while.

[Blitzboy]

There is nothing wrong with planning to get money from gambling but don't expect too much to always win because in fact gambling is completely dependent on luck, making gambling as a source of income is indeed riskier because it is like doing work, even though there are other jobs that provide a definite salary while the profits gambling is uncertain. In each casino game there are different opportunities to make a profit, but actually the way it works is the same, namely relying on luck, if you are not lucky then you will be faced with a loss.

And it is true that gambling is always profitable, of course there are many gamblers who are rich because they can make a profit just by relying on luck. But the public seems to already understand how gambling works so there are some gamblers who are not really involved with income from gambling so they just take advantage of it time by gambling without thinking about profits.

Planning to get money from gambling is common with most gamblers and it isn't wrong in it's entirety but the desperation to making sure to meet up with such expectations is what turns out to becoming the problem we do face most of the times but this doesn't mean that we can't meet up with our gambling expectations if they are realistic and followed diligently.

Profitability from gambling is sometimes or if not most times under probability and never with an assurance but with diligence on a particular strategy you can be sure to winning at some point and not loosing too often that you don't get to be profitable gambling, there's no certainty with gambling and so it should at no point be relayed upon to doing anything but if you are lucky and you get a good win it will be wise to make good use of your winnings because it doesn't come often but once in a while.

Gambling is exciting, and winning is part of the enjoyment. You're right—realistic expectations are crucial. I gamble for fun, not profit. Like a movie ticket, you pay for entertainment and win if you win.

I agree about strategy. A plan helps, but gambling is fun and there's no guarantee of success. Bet management, when to play, and when to stop are key. This balance makes gambling an enjoyable, sometimes rewarding hobby rather than a stressor.

I completely agree about using winnings properly! Like finding a rare diamond. Celebrate your win, but save or invest some of it. Gambling gains are like shooting stars - spectacular but rare.

[Dewi Aries]

There is nothing wrong with planning to get money from gambling but don't expect too much to always win because in fact gambling is completely dependent on luck, making gambling as a source of income is indeed riskier because it is like doing work, even though there are other jobs that provide a definite salary while the profits gambling is uncertain. In each casino game there are different opportunities to make a profit, but actually the way it works is the same, namely relying on luck, if you are not lucky then you will be faced with a loss.

And it is true that gambling is always profitable, of course there are many gamblers who are rich because they can make a profit just by relying on luck. But the public seems to already understand how gambling works so there are some gamblers who are not really involved with income from gambling so they just take advantage of it time by gambling without thinking about profits.

One shouldn't really depend on gambling as his main income. Gambling is risky. It has a lot of consequences when you lose control, winning isn't guaranteed, and therefore income isn't as secured as having a stable job to pay for your bills and to buy food. If you will engage in gambling, make sure to only do it moderately and responsibly. You don't want to lose all your money in a snap because you deposited it in a casino website thinking you could double or even triple it overnight. There's no such thing as instant money. If you will have to resort in gambling as your side hustle to make additional income, be sure to be knowledgeable first. You need to have what it takes to be successful in gambling such as determination, information, skills, strategies, and luck. Otherwise, your money will be gone in a blink of an eye.

Exactly, basically gambling is not a place to earn but only a risky game of chance activity and as a feedback is that you have the possibility to get a prize (winnings) if you are lucky, this is the understanding that really should be applied to most gamblers especially newcomers, because usually a beginner is still very vulnerable to knowledge and they don't really understand what gambling is and what the level of risk is, I see that on average they come with the excuse of seeing the opportunity to win so if this understanding is not correct then obviously it doesn't take long for them to end up addicted and suffer from its bad effects.

Another thing is that I also often see scenarios like this happen to those who have weak finances or mean financial crisis and their goal is to come to get a win in order to improve their finances, it is very ridiculous and from this I can already conclude that there are quite a lot of factors that influence a person to get involved in gambling and one of them is due to weak finances in a person's life but they instead create new problems by making gambling an alternative to making money which is precisely the starting point of a big disaster. On the other hand as you said if one wants to be successful or okay in gambling then they must have some preparation such as skills, experience, information, determination and strategy, honestly I will not bring the word "luck" here because obviously this is not something that can be learned.

[Betwrong]

~

It's a good thing you even know about odds and how they can help make predictions much more easier. Odds are inspired by the the performance of the team last games or head to head with the opposition team, or even the players available for that match. And this is the more reason why after lines up have been uploaded the odds changes. So man, you got it all wrong. Though there are times were result doesn't go in accordance with the initial odds but majority of the time, it plays in accordance. And apart from betting on pre match games you can also bet on live games after observing their performance for a while. Gambling isn't a vet rich quick scheme, so you'll be fine accepting the odds during the match.

Again, it's balanced by the odds, meaning that if a team has a good chance to win, the odds will be around 1.10 and it will be hard to win anything decent unless you are risking a big amount of money. That's why luck plays big role even in skill-based betting like sports betting. In poker it's not balanced by no odds. If you are a good player, your win will not be divided by 10 and then given to you, it's all yours. Luck still plays plays a big part in poker but in the long run good players make good money from poker.