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Author Topic: Luck and skill, which is more important for gambling success?  (Read 1023 times)
Stalker22
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November 11, 2023, 07:20:31 PM
 #21

I have the believe that success in gambling requires a mixture of luck and skill. This is opposed to some people that believe that gambling is entirely a game of luck and others who believe it is entirely a game of skill.

When it comes to casino games of chance, its all about luck - like 99% and maybe only 1% skill. But the skill is only about your bank management and knowing when to stop.

But Im really interested in who believes that is entirely a game of skill? Either he has never gambled in his life or he is a total idiot.  Grin

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November 11, 2023, 07:29:39 PM
 #22

I have the believe that success in gambling requires a mixture of luck and skill. This is opposed to some people that believe that gambling is entirely a game of luck and others who believe it is entirely a game of skill.

So I am tempted to inquire if skill is all that is needed to be successful in gambling or luck. Whichever be the option, which of them is the most important factor for gambling success?

In fact, both are quite important in success when gambling but it depends on what type of gambling game you are playing, if it's slots and lottery then all you need is luck but if it's card gambling and sports betting then what you need is skill and a little luck, I quite like sports betting and analysis before choosing a team Which one we choose is a must, and usually the team that is superior on paper will be the winner, but when I play slots I just rely on luck and punctuality.



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Rainbot
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November 11, 2023, 07:29:59 PM
 #23

I guess the comparison should be between luck and experience and great gamblers are experienced in the art and get lucky at times and that's what guarantees there win most of the time. Let's look at football gambling for instance, you do your analysis considering the current strength of the two teams playing as well as there looking at there previous encounter to ascertain how there encounters have been. But at the end of the day, your part ends just after you've placed the bet, the rest of the outcome is not a function of your doings as there are instances that a weaker team might just take a win in the match against all the analysis you did. But if you are lucky enough, you can choose to play that a certain player will score on that match and the player will just score at the end of the day and this is where luck comes in.
In summery, when it comes to gambling, do your analysis as much as you can but while doing it, know that it is a 50/50 thing and that there is a high probability that you might either win or lose out in the game you stacked.

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November 11, 2023, 07:34:13 PM
 #24

I have the believe that success in gambling requires a mixture of luck and skill. This is opposed to some people that believe that gambling is entirely a game of luck and others who believe it is entirely a game of skill.

So I am tempted to inquire if skill is all that is needed to be successful in gambling or luck. Whichever be the option, which of them is the most important factor for gambling success?

Depends on what games you played, for poker players, it's more of their skills on how to read their opponents and bluff. For sports betting, you need to analyse the game itself and see what are the strengths and weaknesses of the teams that are playing against each other and see how it's going to be in the end. So there is somewhat a analytical skills involved.

But for games like slots, dice, roulette, doesn't need skills there, all you need is money and some luck and then you roll that dice or push the button for slots machine and hope that it will land on the bets that you have on them.
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November 11, 2023, 07:35:06 PM
 #25

I have the believe that success in gambling requires a mixture of luck and skill. This is opposed to some people that believe that gambling is entirely a game of luck and others who believe it is entirely a game of skill.

So I am tempted to inquire if skill is all that is needed to be successful in gambling or luck. Whichever be the option, which of them is the most important factor for gambling success?

To me it is indeed about luck and skill, but not how most of the people could assume. The luck is required so one can get some profit off the casino, the skill comes when money management is needed, in order to know when to stop or how to stop at the right time to enjoy the earnings of the session.
Anyone who tells you that their skill is the reason they can get profit off their gambling sessions, then I would assume such statement to be false, gambling in games like dices, slots, or plinko have little to do with skill. It does not make much skill to press a button and see they result on the machine.
That is just my opinion, of course.

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November 11, 2023, 07:35:17 PM
 #26

It depends on the game. Some games are 100% based on pure luck, like lotteries, bingo, dice...

I'm not sure on slots: some people think that it is possible to develop some skill of pattern recognition I don't think that exists, but I'm not an expert so who knows, maybe it is not 100% based on luck (but close).

In some other games like especially poker and a little bit less blackjack the skill is a key factor in addition to luck to win the game, but I'm not sure if the OP was thinking in this kind of games when he talked about gambling. And in sports bets I think that skill has some degree of importance, but minimal, because otherwise experts in sports would be rich, and they are not.

So, in terms of what I understand by gambling, and in sports betting, to me luck is much more important than skill.

Edit: Damn, Jating, you said practically the same a few seconds before I posted this comment. I can't help but agree with you Smiley

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November 11, 2023, 07:41:06 PM
 #27

95% luck, 5% skills. Results are random and you have a house edge playing against you all the time, so even if you are the most skilled of the gamblers, you still have to expect being lucky in order to achieve interesting results from your gambling sessions.
This percentage is scaring and seems really discouraging. How can a multi billion dollar business like gambling be based on luck? You mean there is no much skill involved in selected options of sports betting? Even when I want to agree with you, it is not just making sense. I know some people who has a good record of recording regular winnings, few of them are popular even on social media. The dedicate a lot of time analysing games to be able to chose the best possible outcome of the game. Often times they are right thereby justifying the large followers they have on social media. I don't want to believe that these guys are just lucky.

If you are focused in improving your skills you should do this regards a profession aiming to develop your career. There your skills will be put in better usage and return you consistent profits on long term, so you can use part of those profits for leisure purposes, such as gambling. But never put gambling above everything else in your life.
Do you know that there are people whose career is gambling? The bookmakers are career gamblers and notjust some random guys. It is obvious the gambling industry is bigger than you imagined.

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November 11, 2023, 07:43:33 PM
 #28

I have the believe that success in gambling requires a mixture of luck and skill. This is opposed to some people that believe that gambling is entirely a game of luck and others who believe it is entirely a game of skill.

So I am tempted to inquire if skill is all that is needed to be successful in gambling or luck. Whichever be the option, which of them is the most important factor for gambling success?

Luck has a big influence on almost every type of gambling, even someone who is not good enough at gambling can get a win, because of the luck he has. luck is something that we cannot be sure of, so to get a win every time we play gambling, it is an impossible thing for us to get.


It is different when we play gambling by not only relying on luck, but we also present a skill in playing gambling. And a skill will not be created without good learning and understanding in gambling. By not only relying on luck in playing gambling, but also presenting skills in playing gambling, it is not impossible that we will always be able to create winning opportunities every time we play gambling.

But all of this, not to make someone successful in gambling, but this is done so that someone can always create winning opportunities every time they gamble. Because a successful gambler is not about how much he wins in gambling, but more about how capable the person can control the gambling he does.

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November 11, 2023, 08:10:52 PM
 #29

which of them is the most important factor for gambling success?
They are both important, just depending on the game you are playing. If you are playing games that need Knowledge, you need skill more than luck because even though luck may help you once to win, Luck alone will not give you consistent win results when you are playing skill-based games. For those kinds of games, Skill is more important. If you are playing games that there is no need for any special skill or knowledge, you will need more luck there because skill is useless.
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November 11, 2023, 08:23:49 PM
 #30

This topic has been discussed over a umptheenth time.

The topic has fleshed out over and over again in the gambling community. That it is repeated again shows that we may not know how to use the search button yet or maybe we just choose to ignore it.

Well, luck and skill is not the most important factor in gambling success, the most important factor in gambling success is the gambler. If the gambler gets his bankroll management, risk management, budgeting, time allocation to gambling, and research on the games right, his success is 99% assured. Have in mind that success for me here is responsible gambling with a balance wins and losses. Luck and skill is just the remaining 1% of the equation.

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November 11, 2023, 08:29:14 PM
 #31

It depends on the game. Some games are 100% based on pure luck, like lotteries, bingo, dice...

I'm not sure on slots: some people think that it is possible to develop some skill of pattern recognition I don't think that exists, but I'm not an expert so who knows, maybe it is not 100% based on luck (but close).

In some other games like especially poker and a little bit less blackjack the skill is a key factor in addition to luck to win the game, but I'm not sure if the OP was thinking in this kind of games when he talked about gambling. And in sports bets I think that skill has some degree of importance, but minimal, because otherwise experts in sports would be rich, and they are not.

So, in terms of what I understand by gambling, and in sports betting, to me luck is much more important than skill.

Edit: Damn, Jating, you said practically the same a few seconds before I posted this comment. I can't help but agree with you Smiley

That's the best answer and we could close the topic at that.
It's really a very simple question that can be answered in a single sentence. You don't need skill in games like dice, crash, slots, lottery, and many other. You can't influence the game in any way.

Luck is the most important factor even in theoretically skill based games like poker. When you lack luck, you can prolong the game, or bluff and hope they won't notice, but consistent lack of good cards won't make you win the game. It can only make you not lose too much, but it depends on how good other players are. On the other hand, if you're lucky, but not very good, you won't know when to raise and will end rounds with small wins, but you will be winning without any skill.

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November 11, 2023, 08:36:31 PM
 #32

This depends on the game you are betting on. If you are on slot then you need luck to be successful but talking about soccer, to predict rightly you need some level of skill and that helps you to search properly on different places to check on the teams and their previous performance like head to head, recent win or lose etc. So that requires skill talking about soccer but again that doesn't mean skill is an end in itself, it requires luck also for some winnings to be successful to your direction.
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November 11, 2023, 08:56:33 PM
 #33

in gambling and I need people to be very lucky in the case of real world lottery tickets, this is because in case a person is always buying a lottery ticket that costs less than 1$ and in less than 300 tickets he bought being able to win the 1 million dollar jackpot for example, this would mean that this person spent less than $300 buying a lottery ticket and had profits above $900,000, so that person was lucky to make a profit in the world of gambling.

while in the case of skills, I only see card games like blackjack and other card games as being the only games in which if a person has a lot of skills they can get rich, apart from card games and other gambling that need of skills, I'm talking about sports betting doesn't make someone rich, but people can try to make multibet bets with the highest possible multiplier, even then people won't get rich, it's unlikely that a person even if they were very lucky would be able to become rich with sports betting in my opinion

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November 11, 2023, 09:31:56 PM
 #34

I have the believe that success in gambling requires a mixture of luck and skill. This is opposed to some people that believe that gambling is entirely a game of luck and others who believe it is entirely a game of skill.

So I am tempted to inquire if skill is all that is needed to be successful in gambling or luck. Whichever be the option, which of them is the most important factor for gambling success?
Luck usually is a compliment of skill, if you don't have the skill your chances of been lucky are going to be really slim, although we know that gambling has more to do with been lucky but then you have to be skilled at some point to be able to get an edge they will help you be lucky.

So personally I'm of the opinion that a perfect mix of both is very much needed in gambling as either of them are not independent of themselves, you can be very skilled yet you will be unlucky and can have no Skil and still be lucky, but when you are lucky without been skill, your luck becomes  inconsistent, you can't be consistent with your luck as much as you will when you are skilled, but they are both need if you must be successful gambling.

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November 11, 2023, 09:40:42 PM
 #35

It will depend on the gambling game because we know that there are luck-based and skill-based gambling games. If you bet on a skill-based gambling game, you obviously need both skill and luck. But it's different if you gamble in a luck-based gambling game. You won't need much skill because you are just betting, and you also need luck to win. So both are very necessary in skill-based gambling games. But it is not easy to have the skills needed to win in gambling games because we can still lose at any time. And many gamblers cannot accept their losses, so it will make them continue gambling.

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November 11, 2023, 10:35:25 PM
 #36

The way I see it, success in games is like a tag team between luck and skill.  Luck can totally give you an edge if the cards fall your way.  but just counting on the universe to hand you a winning streak? That's rolling the dice blindfolded. and  Mixing in some actual skill though - that's how you take control.  Strategize your next move, plan a few steps ahead.  Know the right times to take a risk or play it safe.  With skill, games become less about crossing your fingers and hoping fate goes your way.  Youve got agency a sense of influence over those fickle turns of chance.  I mean, what better combo is there? Luck greases the wheels in your favor, and skill drives the whole dang vehicle.

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November 11, 2023, 10:58:47 PM
 #37

It will depend on the gambling game because we know that there are luck-based and skill-based gambling games. If you bet on a skill-based gambling game, you obviously need both skill and luck. But it's different if you gamble in a luck-based gambling game. You won't need much skill because you are just betting, and you also need luck to win. So both are very necessary in skill-based gambling games. But it is not easy to have the skills needed to win in gambling games because we can still lose at any time. And many gamblers cannot accept their losses, so it will make them continue gambling.

and a very good example when it comes to skill is the poker game. we all know that the more experienced the player is, the higher chance of winning on his games. this is why you will see professional poker players using this game as their major source of income because they can really live up decently plus more if they have been playing this game for years and years. because the more strategies that he has under the sleeves, the better for his game. however, if you are referring to luck-based games like hi-lo, dice, roulette and other casino classics, no doubt you need luck on your side to see such winnings.

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November 11, 2023, 11:10:18 PM
 #38

The truth of the matter is that they're many gambling games that requires more of experience and how skilled a gambler can be before they can win big in such gambling platforms. That being said, I'm if the opinion that when luck is on the side of a gambler, he'll sure flourish no matter how less experienced or skilled he is because to me winning in gambling is majorly determined by how lucky he can be.

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Chikito
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November 12, 2023, 12:02:52 AM
 #39

I have the believe that success in gambling requires a mixture of luck and skill. This is opposed to some people that believe that gambling is entirely a game of luck and others who believe it is entirely a game of skill.

So I am tempted to inquire if skill is all that is needed to be successful in gambling or luck. Whichever be the option, which of them is the most important factor for gambling success?
Both are important, but it depends on what games you have to play if want to know what is most important. Like poker, which has been mentioned above, this is a game is requires for high skills, and luck will be ignored because you might win if have a bad card on your hand. So, it depends on the bluff and mental calm, if you can control it, skill is most important than luck. But for slot, fair play gambling, or any game which is just pushing a button bet, I think it's just relying to luck, we don't need skill just to calculate that, because the results often inaccurate.

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EluguHcman
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November 12, 2023, 12:40:02 AM
 #40

This is basically depends on a specific section of gambling. The lucky winning is pointed at the chance based gambling system where even a non experienced can count winning in folds while an experienced gambler is yet to make a winning count. This could be a floppy of grace which doesn't require an form of skills and not even a mathematical organogram can help it out.
But if the skill based section of gambling then there is first considered experience gamblers to stand a chance of winning before personal gambling skills is considered else it serves a serious challenging competitions amongst both or paves flexible means of winning which has a bit tends of luck at where calculative manners is applied.

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