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Author Topic: Is gambling all about luck?  (Read 4861 times)
BenCodie
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October 01, 2023, 09:09:56 PM
 #221

The answer should be obvious...Yes....even when there is no house edge you still need luck to beat statistical games, maybe there are small rooms for winning without much reliance on luck but that is naïve to assume as a common occurrence. After factoring in the house edge however, it is very much so a case of luck and rarely/never about skill or anything like that.

Offline casino edges range between 1-15%, depending on which game you are playing and where you are playing it.

Online casino edges range between 0.25%-5%, again depending where and what you are playing.

With a 1% edge, you are expected to lose 1 in every 100 bets due to the house edge.
With a 5% edge, you are expected to lose 5 in every 100 bets due to the house edge.

This does to include the chance set with your bet, and how the game is built (usually in favor of the casino).

Ultimately, if you want to win against a casino, luck must be on your side.

The exception is poker. As a fee for playing is different than a fixed reductive of the odds in your favor.
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October 01, 2023, 09:15:35 PM
 #222

Because games depend on luck but I think gambling is good luck. Gambling is not a simple game because there is a lot of money involved so at the end of the day some become rich and some remain poor. You will become more addicted to gambling when you suddenly win repeatedly. But when you lose, you will think about making double money in the future. Moreover if luck is good you can prosper from any business be it gambling. Yesterday my brother won some money from gambling and that day my friend sold his bike to gamble.

We have a saying where I live now and when someone wants to bless you they say not work hard but "may luck work for you and not you for your luck" a very nice saying which clearly answer the question asked here,in life everything is related completely 100% on luck.Why you may say?Well have you not seen that corrupt people run governments now in most countries while people with integrity work like slaves or worse even they are at home unemployed,that is why luck is needed 100% in your life if you want to have a good life,that is why I fully believe this saying,may luck work for you and not you for your luck.

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October 01, 2023, 11:56:21 PM
 #223

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.
In reality, many people come to gambling for earning money purposes. It is difficult to make people aware about avoiding the money purpose on gambling. Only people who learn gambling properly who understand how gambling works. If the people understand it, they probably never dream too much about winning the jackpot/prizes (big money).

Indeed. If people are too obsessed of earning money, they probably gamble excessively and end up with an addiction/losing huge money. It is because they will use all the money they have to gamble. Unfortunately, using bigger money means the chance for losing bigger money as well.  Cry

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
Not sure what your point is. But luck in gambling is real.
You won't rely on mathematics approach on slots or betting. Luck has bigger role in this type of gambling games.
But if it is for Poker or Blackjack, I agree it will rely on skills over luck. So, we actually don't generalize which has more role, whether skills or luck. It purely depends on the type of the game itself.


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October 08, 2023, 03:49:07 PM
 #224

Because games depend on luck but I think gambling is good luck. Gambling is not a simple game because there is a lot of money involved so at the end of the day some become rich and some remain poor. You will become more addicted to gambling when you suddenly win repeatedly. But when you lose, you will think about making double money in the future. Moreover if luck is good you can prosper from any business be it gambling. Yesterday my brother won some money from gambling and that day my friend sold his bike to gamble.

We have a saying where I live now and when someone wants to bless you they say not work hard but "may luck work for you and not you for your luck" a very nice saying which clearly answer the question asked here,in life everything is related completely 100% on luck.Why you may say?Well have you not seen that corrupt people run governments now in most countries while people with integrity work like slaves or worse even they are at home unemployed,that is why luck is needed 100% in your life if you want to have a good life,that is why I fully believe this saying,may luck work for you and not you for your luck.
In real life, there are always lucky people, even though they don't have a higher education, they can achieve success, there are even people who are not very smart but can get a decent job so they can earn quite a large income.
It's not much different from gambling, there are those who spend quite a lot of capital to gamble but always lose in the game and even the winnings are not commensurate with the amount of money that has been spent, but there are also those who gamble with small capital but can achieve consecutive wins.
This shows that gambling is based on luck

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October 08, 2023, 04:43:03 PM
 #225

Because games depend on luck but I think gambling is good luck. Gambling is not a simple game because there is a lot of money involved so at the end of the day some become rich and some remain poor. You will become more addicted to gambling when you suddenly win repeatedly. But when you lose, you will think about making double money in the future. Moreover if luck is good you can prosper from any business be it gambling. Yesterday my brother won some money from gambling and that day my friend sold his bike to gamble.

We have a saying where I live now and when someone wants to bless you they say not work hard but "may luck work for you and not you for your luck" a very nice saying which clearly answer the question asked here,in life everything is related completely 100% on luck.Why you may say?Well have you not seen that corrupt people run governments now in most countries while people with integrity work like slaves or worse even they are at home unemployed,that is why luck is needed 100% in your life if you want to have a good life,that is why I fully believe this saying,may luck work for you and not you for your luck.
In real life, there are always lucky people, even though they don't have a higher education, they can achieve success, there are even people who are not very smart but can get a decent job so they can earn quite a large income.
It's not much different from gambling, there are those who spend quite a lot of capital to gamble but always lose in the game and even the winnings are not commensurate with the amount of money that has been spent, but there are also those who gamble with small capital but can achieve consecutive wins.
This shows that gambling is based on luck
Life is often unpredictable, right? Despite lacking credentials or "intelligence," some succeed. It shows there's no one-size-fits-all success formula

The narrative is comparable to gambling. Some gamble heavily in hopes of winning big, yet lose. Others hit jackpot after jackpot with a little. It's tempting to blame luck. Then, what is luck? Has it happened randomly? Does the madness have a method? Is luck reliable over time? Is strategy much more important in gambling than we think? Quite a dilemma

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October 08, 2023, 04:51:04 PM
 #226

Life is often unpredictable, right? Despite lacking credentials or "intelligence," some succeed. It shows there's no one-size-fits-all success formula

The narrative is comparable to gambling. Some gamble heavily in hopes of winning big, yet lose. Others hit jackpot after jackpot with a little. It's tempting to blame luck. Then, what is luck? Has it happened randomly? Does the madness have a method? Is luck reliable over time? Is strategy much more important in gambling than we think? Quite a dilemma
In gambling we know what our chances are, the house edge percentage we are playing against and that there is a provably fair system which ensures the legitimacy of the games' results. However, in life we don't know what our chances are or how the system works for real. Sometimes we have the impression there is a huge disadvantage on the game of life and that it looks much easier for other people to play this game than for ourselves.

Moreover, it's more likely you are going to do well on long term in life than in gambling... So someone comparing both must be careful to not be naive about their gambling activity, which can bring very negative consequences if not practiced in a balanced way.

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October 08, 2023, 05:12:24 PM
 #227

Life is often unpredictable, right? Despite lacking credentials or "intelligence," some succeed. It shows there's no one-size-fits-all success formula

The narrative is comparable to gambling. Some gamble heavily in hopes of winning big, yet lose. Others hit jackpot after jackpot with a little. It's tempting to blame luck. Then, what is luck? Has it happened randomly? Does the madness have a method? Is luck reliable over time? Is strategy much more important in gambling than we think? Quite a dilemma
In gambling we know what our chances are, the house edge percentage we are playing against and that there is a provably fair system which ensures the legitimacy of the games' results. However, in life we don't know what our chances are or how the system works for real. Sometimes we have the impression there is a huge disadvantage on the game of life and that it looks much easier for other people to play this game than for ourselves.

Moreover, it's more likely you are going to do well on long term in life than in gambling... So someone comparing both must be careful to not be naive about their gambling activity, which can bring very negative consequences if not practiced in a balanced way.
This cannot be compared 50:50 with what is generally a way of life, the percentage of house edge has a varied nature and sometimes it is very confusing even though we have the number of congregations to be determined as the calculation has been done but I agree that the average of We understand the system of working in gambling.

But this needs to have a classification in several games, which of course have the rules and difficulties of each and that is what makes this varied, and there is also a level of luck that needs to be valued in the process, sometimes in games that use the ability even luck can influence it to get victory.

We really should not be naive at one point especially in gambling that has worse potential if we are not able to urge it with our risk management in real life that must be prioritized.

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October 08, 2023, 05:12:44 PM
 #228

Because games depend on luck but I think gambling is good luck. Gambling is not a simple game because there is a lot of money involved so at the end of the day some become rich and some remain poor. You will become more addicted to gambling when you suddenly win repeatedly. But when you lose, you will think about making double money in the future. Moreover if luck is good you can prosper from any business be it gambling. Yesterday my brother won some money from gambling and that day my friend sold his bike to gamble.

We have a saying where I live now and when someone wants to bless you they say not work hard but "may luck work for you and not you for your luck" a very nice saying which clearly answer the question asked here,in life everything is related completely 100% on luck.Why you may say?Well have you not seen that corrupt people run governments now in most countries while people with integrity work like slaves or worse even they are at home unemployed,that is why luck is needed 100% in your life if you want to have a good life,that is why I fully believe this saying,may luck work for you and not you for your luck.
In real life, there are always lucky people, even though they don't have a higher education, they can achieve success, there are even people who are not very smart but can get a decent job so they can earn quite a large income.
It's not much different from gambling, there are those who spend quite a lot of capital to gamble but always lose in the game and even the winnings are not commensurate with the amount of money that has been spent, but there are also those who gamble with small capital but can achieve consecutive wins.
This shows that gambling is based on luck
Luck is a great blessing. If luck is good then nothing else is needed and if luck is bad then no good can be achieved even with hundred efforts. But through hard work you can change your luck. Fate comes alone and does not catch anyone.  Hard work leads to a good fortune. But luck is very important in gambling. Gambling is mainly based on predictions. And to make an accurate prediction requires big analysis. So gambling does not bring success to everyone.  It brings success only to few Lucky  people



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October 08, 2023, 05:22:13 PM
 #229

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 believe in luck, and I don't think gambling is all about luck alone; it definitely has some luck factors as well. Even in our lives, luck plays a role in addition to hard work and dedication. So we can't say gambling is only about mathematics and statistics. In my opinion, gambling, lottery winning, and even trading luck play a major role. Making cash from gambling is a good option as long as it's not illegal, because making money is a good thing, right? But when it's become an addiction and you start to lose money, it's not good at all, and you need to control it as soon as possible. When you have strong willpower and can gamble responsibly, you'll make money if luck is with you.

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October 08, 2023, 05:50:55 PM
 #230

I think that when it comes to gambling there are various levels of luck involved with playing different games, but perhaps the greatest skill one can have is knowing when to walk away. Limiting losses and walking away when you’re ahead is important because eventually everyone loses. Just a matter of time.

You're right, this is what I do every game when I get lucky in that gambling.
Because we know that in gambling you always lose if you don't limit yourself here. You won't notice that your money is running out until it's gone

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October 08, 2023, 06:31:24 PM
 #231

Because games depend on luck but I think gambling is good luck. Gambling is not a simple game because there is a lot of money involved so at the end of the day some become rich and some remain poor. You will become more addicted to gambling when you suddenly win repeatedly. But when you lose, you will think about making double money in the future. Moreover if luck is good you can prosper from any business be it gambling. Yesterday my brother won some money from gambling and that day my friend sold his bike to gamble.

We have a saying where I live now and when someone wants to bless you they say not work hard but "may luck work for you and not you for your luck" a very nice saying which clearly answer the question asked here,in life everything is related completely 100% on luck.Why you may say?Well have you not seen that corrupt people run governments now in most countries while people with integrity work like slaves or worse even they are at home unemployed,that is why luck is needed 100% in your life if you want to have a good life,that is why I fully believe this saying,may luck work for you and not you for your luck.
In real life, there are always lucky people, even though they don't have a higher education, they can achieve success, there are even people who are not very smart but can get a decent job so they can earn quite a large income.
It's not much different from gambling, there are those who spend quite a lot of capital to gamble but always lose in the game and even the winnings are not commensurate with the amount of money that has been spent, but there are also those who gamble with small capital but can achieve consecutive wins.
This shows that gambling is based on luck
If fortune itself wants to be with someone then that person will definitely succeed in any platform. In each case, lucky people can easily reach their destination. If luck is there then gambling knowledge is not needed but lots of people are doing education or research about it. fate does not work equally for all. A person who has been playing the lottery all his life he didn't get the lottery but incidentally who come and get a lottery ticket and wins. There are many cases where the aspirants are rebuked and the undeserving ones win. No one can ever succeed in gambling with just knowledge and ignoring luck. Overall luck is important factors in gambling.

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October 08, 2023, 06:51:30 PM
 #232

Because games depend on luck but I think gambling is good luck. Gambling is not a simple game because there is a lot of money involved so at the end of the day some become rich and some remain poor. You will become more addicted to gambling when you suddenly win repeatedly. But when you lose, you will think about making double money in the future. Moreover if luck is good you can prosper from any business be it gambling. Yesterday my brother won some money from gambling and that day my friend sold his bike to gamble.

We have a saying where I live now and when someone wants to bless you they say not work hard but "may luck work for you and not you for your luck" a very nice saying which clearly answer the question asked here,in life everything is related completely 100% on luck.Why you may say?Well have you not seen that corrupt people run governments now in most countries while people with integrity work like slaves or worse even they are at home unemployed,that is why luck is needed 100% in your life if you want to have a good life,that is why I fully believe this saying,may luck work for you and not you for your luck.
In real life, there are always lucky people, even though they don't have a higher education, they can achieve success, there are even people who are not very smart but can get a decent job so they can earn quite a large income.
It's not much different from gambling, there are those who spend quite a lot of capital to gamble but always lose in the game and even the winnings are not commensurate with the amount of money that has been spent, but there are also those who gamble with small capital but can achieve consecutive wins.
This shows that gambling is based on luck
Life is often unpredictable, right? Despite lacking credentials or "intelligence," some succeed. It shows there's no one-size-fits-all success formula

The narrative is comparable to gambling. Some gamble heavily in hopes of winning big, yet lose. Others hit jackpot after jackpot with a little. It's tempting to blame luck. Then, what is luck? Has it happened randomly? Does the madness have a method? Is luck reliable over time? Is strategy much more important in gambling than we think? Quite a dilemma
From my own narrative and approach to gambling, I definitely think and understand that gambling has to entirely do with luck it doesn't matter how much strategy we follow or how we increase our stake in the hope of actually securing a win by reducing the odds and increasing your stake which most of the times actually turn out opposite of what we have planned. I have seen many cases of gambling where luck was just the base factor to the after result of the game and I have come to believe that although sometimes strategy do help abit but the major factor that is involved in gambling is basically luck.

R


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Gozie51
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October 08, 2023, 07:35:48 PM
 #233

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 believe in luck, and I don't think gambling is all about luck alone; it definitely has some luck factors as well. Even in our lives, luck plays a role in addition to hard work and dedication. So we can't say gambling is only about mathematics and statistics. In my opinion, gambling, lottery winning, and even trading luck play a major role. Making cash from gambling is a good option as long as it's not illegal, because making money is a good thing, right? But when it's become an addiction and you start to lose money, it's not good at all, and you need to control it as soon as possible. When you have strong willpower and can gamble responsibly, you'll make money if luck is with you.

It is a good thing with luck but we don't need to rely on it to be successful. We need to plan and let our luck carry us through. We have to plan and that means being ready so that when the luck comes it will meet us ready. This to gambling means we have to do our home work very well by analysing the games we want to play and research on them especially in soccer, then we bet them reasonably like beating few games has chances of success. But if we bet so many games to win millions of dollars, it means we are taking unreasonable risk that the luck won't see us through. Many gamblers bet this way and expect to win.

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topbitcoin
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October 08, 2023, 07:55:02 PM
 #234

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 believe in luck, and I don't think gambling is all about luck alone; it definitely has some luck factors as well. Even in our lives, luck plays a role in addition to hard work and dedication. So we can't say gambling is only about mathematics and statistics. In my opinion, gambling, lottery winning, and even trading luck play a major role. Making cash from gambling is a good option as long as it's not illegal, because making money is a good thing, right? But when it's become an addiction and you start to lose money, it's not good at all, and you need to control it as soon as possible. When you have strong willpower and can gamble responsibly, you'll make money if luck is with you.

It is a good thing with luck but we don't need to rely on it to be successful. We need to plan and let our luck carry us through. We have to plan and that means being ready so that when the luck comes it will meet us ready. This to gambling means we have to do our home work very well by analysing the games we want to play and research on them especially in soccer, then we bet them reasonably like beating few games has chances of success. But if we bet so many games to win millions of dollars, it means we are taking unreasonable risk that the luck won't see us through. Many gamblers bet this way and expect to win.

If we think that gambling can make us successful, this is a wrong understanding. Because if you want to be a successful person, what you have to do is work hard and work smartly through concrete steps by creating a business that can lead you to the gate of success, not by gambling. And we also need to understand that gambling is also a business, behind which there are people who create a gambling system where they also want to make a profit from the casino they create. So if we expect success from gambling it is something wrong. If you want to find success then start a business, but if you are looking for fun then feel free to gamble.

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October 08, 2023, 08:33:26 PM
 #235

I think that when it comes to gambling there are various levels of luck involved with playing different games, but perhaps the greatest skill one can have is knowing when to walk away. Limiting losses and walking away when you’re ahead is important because eventually everyone loses. Just a matter of time.
Yes, gambling depends greatly on luck and whoever gets too lucky, he will definitely have the big win. But  this is not the challenge in gambling as everyone can be lucky at any given time, but saying when to walk away from gambling when you think your gambling habit has become more intense, that’s certainly done from a gambler who has the greatest skill in gambling. Otherwise, if you are just focused on your greed and continue gambling without setting limits, for me that could only bring you danger in the future.

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October 08, 2023, 11:11:47 PM
 #236

I think that when it comes to gambling there are various levels of luck involved with playing different games, but perhaps the greatest skill one can have is knowing when to walk away. Limiting losses and walking away when you’re ahead is important because eventually everyone loses. Just a matter of time.
Yes, gambling depends greatly on luck and whoever gets too lucky, he will definitely have the big win. But  this is not the challenge in gambling as everyone can be lucky at any given time, but saying when to walk away from gambling when you think your gambling habit has become more intense, that’s certainly done from a gambler who has the greatest skill in gambling. Otherwise, if you are just focused on your greed and continue gambling without setting limits, for me that could only bring you danger in the future.

Slot machines are games that rely on one's luck. I don't know whether the slot machine gives the jackpot randomly or we can only get the jackpot after spending a lot of money. However, most slot machine gamblers experience more losses than wins. Playing slot machines too often can make us bankrupt, especially if we have poor financial control

I think it is more logical to play at a sportsbook because we don't just depend on luck. We can control our finances and look for matches that have a high chance of winning
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October 08, 2023, 11:29:01 PM
Last edit: October 09, 2023, 06:25:08 PM by bocyaj
Merited by Z390 (3), Fivestar4everMVP (1), FirmWars (1)
 #237


 Yes, gambling depends greatly on luck and whoever gets too lucky, he will definitely have the big win. But  this is not the challenge in gambling as everyone can be lucky at any given time, but saying when to walk away from gambling when you think your gambling habit has become more intense, that’s certainly done from a gambler who has the greatest skill in gambling. Otherwise, if you are just focused on your greed and continue gambling without setting limits, for me that could only bring you danger in the future.

The gambling was based on the luck because it was made the random winner to the game.The gambler can test their lucky times in the gambling by using the small money at the beginning of the games.If the game give them some win because of the luck.Then the gambler can increase their money to the game,So he can able to chase the big win in the gambling.But the gambling addiction should be avoided by the gamblers and he can play the gambling for the fun.The gambler should use free money in the gambling to avoid of gambling addiction by the continuous loss in the gambling.

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October 08, 2023, 11:34:00 PM
 #238

From my own narrative and approach to gambling, I definitely think and understand that gambling has to entirely do with luck it doesn't matter how much strategy we follow or how we increase our stake in the hope of actually securing a win by reducing the odds and increasing your stake which most of the times actually turn out opposite of what we have planned. I have seen many cases of gambling where luck was just the base factor to the after result of the game and I have come to believe that although sometimes strategy do help abit but the major factor that is involved in gambling is basically luck.
Increasing the bet just to chase a win will not be worth the risk of losing, which we will accept, especially since we don't know what will happen in the next round. It's better to keep using the same bet or reduce the amount so that the losses can also be reduced, especially since gambling depends on luck. And when we chase luck, we will face a greater risk of losing, which can result in losing money in gambling. But if your luck comes and you only use a small bet, you can win a big win, and that has happened to several gamblers who got their luck at the right time.
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October 08, 2023, 11:50:38 PM
 #239

We've got skill based gambling as well as  luck based gambling. However in all means there is need of luck without which gambling doesn't bring win. Casino games were purely luck based, because we just go on random prediction and not by calculated pick. Calculated picks were also like random ones, because it brings win as well as unexpected loss. If luck had favour it could've been a win.

In the history of gambling there are people who have learnt the scripts and have made big money out of gambling. This is really hard and not everyone able to do it. Those are old days and now everything is highly confidential and we were able to find how fair is the rolls. Overall luck decides the win and to be on the safer side sports betting seems to be the right pick.

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November 26, 2023, 07:47:18 PM
 #240

It is true that luck does matter on gambling but not fully does matter at all. 100% luck do matter only if it comes to winning lottery tickets but gambling needs mathematics, statistics, develop own strategy before start bet on any particular game. If i found my winning chance is high, only then I'll stake on that game, otherwise no and there luck impact less. Besides suppose you don't know about a game but you bet there blindly and waiting for result. That result will be depend on 100% of your luck. And thus luck works. Sometimes we should quit gambling when we found "we aren't much lucky for this day to continue even after applying all strategies, technic and calculations"

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