Luck or Experience

[nara1892]

^

In some gambling games of chance, as you gain more experience, you can increase the probability of winning. A great example of such gambling is poker. But in many other gambling games, experience only allows you to get the necessary skills for the game is not more. These skills are unlikely to affect the probability of winning, but they are necessary so that you do not lose your bankroll foolishly. Everything else depends on luck.

Sure, and I might add a little that experience can also be quite meaningful if we are talking about the type of sports betting or poker that you mentioned, but in the end it is only a help, in the sense that it is nothing more than a tool to increase the chances and not to ensure that you will actually win at the end of the session.
However, if we are talking about the type of casino games such as slots, dice that do not have a track record that can be analyzed then of course in the end winning depends on luck and knowledge related to the game and the experience you have becomes something that is useful to minimize risk but not to maximize the chances of winning, I think we agree on this and let's not put something in the wrong place, I see that often gamblers who play casino games really feel confident that they will win, even though no matter how high your hopes are it will not change the results of the game.

[mirakal]

There is no justification for gambling no matter the tactics you apply or the level of experience you have, when we speak of gambling we are literally talking about put your money 50/50 whether you will gain or loss. so the idea of being an experienced gambler doesn't matter because your not sure of what will be the outcome of your stake.

Let's have it forever that gambling is risking your money for either winning or losing. luck based game is underlining message of this gambling.

While understanding the risk, we also help ourselves to understand that winning will not always happen, so we don't have to assume that we can multiply our money here, but instead make it seem that we may lose. Accepting all these things means that we are ready to adapt to the reality that gambling can't be our source of income but just a place to take risks. Even experienced gamblers still have the same chances as newbies because experience is not an asset to winning but luck. Maybe sports betting is different, but in general, without luck, we can't win. 

That is why we are encouraged to just gamble with our extra money because we can guarantee having it back. 

[Strongkored]

But my question is many new gamblers also make the huge money after few games.So the new gamblers made the money by luck or experience.My view on the new people is purely based on the luck,because not have huge experience at the initial stage of game.

In the short term and at the beginning, gambling can really provide big profits, that's why newbies will continue to play because they feel they can earn a lot by gambling, but in the long term gambling will bring gamblers to big losses so experience doesn't help at all. In gambling, luck plays a big role and experience only plays a very small role because experience gives the gambler the knowledge of when to stop or continue playing, not how to win the game, so without luck, experience has no influence whatsoever.

[delfastTions]

There is no justification for gambling no matter the tactics you apply or the level of experience you have, when we speak of gambling we are literally talking about put your money 50/50 whether you will gain or loss. so the idea of being an experienced gambler doesn't matter because your not sure of what will be the outcome of your stake.

Let's have it forever that gambling is risking your money for either winning or losing. luck based game is underlining message of this gambling.

This is where I disagree with the fact that there are basically no experienced players even in the case when a player plays games that are based on pure chance 50/50.

 In this case, experience lies in managing your money and comes down in general terms to an elementary rule: an experienced player knows and feels much better when to stop playing.  And this intuitive feeling is much less developed in a player whom we all consider inexperienced.  In my opinion, this experience of old players cannot be completely ignored; it allows them to lose less at approximately the same time intervals than newcomers to gambling and inexperienced players do.

[Lannakosa]

In the short term and at the beginning, gambling can really provide big profits, that's why newbies will continue to play because they feel they can earn a lot by gambling, but in the long term gambling will bring gamblers to big losses so experience doesn't help at all. In gambling, luck plays a big role and experience only plays a very small role because experience gives the gambler the knowledge of when to stop or continue playing, not how to win the game, so without luck, experience has no influence whatsoever.

Long-term passion for gambling will not necessarily be accompanied by large losses, it seems to me that the longer a player is in gambling, the more chances he has to figure out how everything works here and start making a profit from it.

It seems to me that for a beginner the best start would be balancing at breakeven, because in case of losses at the beginning they can discourage him from trying to achieve positive results further, and just as early wins can play a cruel joke on him when he decides that he is good at gambling, and starts making big bets, then the loss will also be large. And if a player is initially in a relatively win-win balance, he will learn and gradually eliminate mistakes.

[Hamphser]

In the short term and at the beginning, gambling can really provide big profits, that's why newbies will continue to play because they feel they can earn a lot by gambling, but in the long term gambling will bring gamblers to big losses so experience doesn't help at all. In gambling, luck plays a big role and experience only plays a very small role because experience gives the gambler the knowledge of when to stop or continue playing, not how to win the game, so without luck, experience has no influence whatsoever.

Long-term passion for gambling will not necessarily be accompanied by large losses, it seems to me that the longer a player is in gambling, the more chances he has to figure out how everything works here and start making a profit from it.

It seems to me that for a beginner the best start would be balancing at breakeven, because in case of losses at the beginning they can discourage him from trying to achieve positive results further, and just as early wins can play a cruel joke on him when he decides that he is good at gambling, and starts making big bets, then the loss will also be large. And if a player is initially in a relatively win-win balance, he will learn and gradually eliminate mistakes.

Same here, i've been playing gambling for how many years but even up to now i dont consider myself on being addicted on which as long you do have that self
control then this is something that you must do in the first place. You wont be finding any trouble or problems if you are really just that responsible on what you are doing.
Gambling is really that heavily relying with luck and if you are forcing yourself on being lucky then this is something that brings out that huge problem into your gambling activity.
People do get messed up their lives on the time that they would really be that become that too desperate on playing games and having those winnings in mind.
Experience would really be only relevant if you are really that dealing up with sports betting and poker and the rest about casino games are 100% purely relying on luck.

[ajanwalker]

The gambler may win some big money in the gambling after some game in the gambling site with some experience.Some claim the winning happened in the slot and blackjack games due to the luck.Day before yesterday,I met my gambling friend who was in gambling over 7 years of time,he said me the game after the experience was based on the tactics and strategy based on the experience.

But my question is many new gamblers also make the huge money after few games.So the new gamblers made the money by luck or experience.My view on the new people is purely based on the luck,because not have huge experience at the initial stage of game.In this we need to consider some experienced gamblers making huge loss again and again after the huge experience because of greedy.Greedy should be avoided to loss the entire capital loss.Share your opinion based on your experience in gambling games.

If you are gambling with a machine, it is completely a matter of luck, but if you are playing different gambling games such as poker with players, luck and experience must be together.
Let's say you have a chance, but there is no skill or knowledge in the game, you will lose.
The experience is very good, but you have no chance, you will lose again. There should be enough of both at the same time.

[Churchillvv]

Edited out

This is where I disagree with the fact that there are basically no experienced players even in the case when a player plays games that are based on pure chance 50/50.

 In this case, experience lies in managing your money and comes down in general terms to an elementary rule: an experienced player knows and feels much better when to stop playing.  And this intuitive feeling is much less developed in a player whom we all consider inexperienced.  In my opinion, this experience of old players cannot be completely ignored; it allows them to lose less at approximately the same time intervals than newcomers to gambling and inexperienced players do.

You have given me the best explanation to experienced player here which I haven't read from any other user here. perhaps people think experience has to do with you knowing what game or match to bet on or gamble that will turn out to be a win but they truth is something different. one only uses his or her experience to avoid more losses than predict better even though youncan stand the chance of predicting better but thats not what it's meant to be.

Perhaps the earlier gamblers begin to realize the experience only comes in on knowing when to stop to avoid or stop loses hence they will  make better gambling decisions.

[Dewi Aries]

The gambler may win some big money in the gambling after some game in the gambling site with some experience.Some claim the winning happened in the slot and blackjack games due to the luck.Day before yesterday,I met my gambling friend who was in gambling over 7 years of time,he said me the game after the experience was based on the tactics and strategy based on the experience.

But my question is many new gamblers also make the huge money after few games.So the new gamblers made the money by luck or experience.My view on the new people is purely based on the luck,because not have huge experience at the initial stage of game.In this we need to consider some experienced gamblers making huge loss again and again after the huge experience because of greedy.Greedy should be avoided to loss the entire capital loss.Share your opinion based on your experience in gambling games.

If you are gambling with a machine, it is completely a matter of luck, but if you are playing different gambling games such as poker with players, luck and experience must be together.
Let's say you have a chance, but there is no skill or knowledge in the game, you will lose.
The experience is very good, but you have no chance, you will lose again. There should be enough of both at the same time.

Yes, it means not all types of games are completely dependent on luck, there are some types of games that require something other than luck, like poker you said and maybe sports betting is also included in that category, meaning if you want to increase your chances of winning then you need to combine both of those things between skill and luck, but yes for luck I think we all understand that it is something that cannot be controlled.

And that is why even though you have pretty good skills but often in the end you still lose, it means luck does not come at the right time. And this is also the reason that at any time and in any type of bet risk management must always be applied such as betting with an amount that you can afford to lose.

[noormcs5]

While understanding the risk, we also help ourselves to understand that winning will not always happen, so we don't have to assume that we can multiply our money here, but instead make it seem that we may lose. Accepting all these things means that we are ready to adapt to the reality that gambling can't be our source of income but just a place to take risks. Even experienced gamblers still have the same chances as newbies because experience is not an asset to winning but luck. Maybe sports betting is different, but in general, without luck, we can't win. 

That is why we are encouraged to just gamble with our extra money because we can guarantee having it back. 

Many people tell us to gamble with extra money but most of us do not possess that extra money, so how do we gamble?
I think the best way is to allocate certain money for gambling and then even if you lose that money, you won't have any regrets. Think that you are getting entertained by gambling, just as you spend money on entertainment, so you spend the same on gambling.

Also, there is no guarantee of winning in gambling, so one should make up his mind that he will lose and in this way, when he wins he will be extra happy. On the other hand, if a gambler only wants to win and he loses, then he starts all sorts of wrong things like revenge gambling or sad emotions.

[Docnaster]

There is no justification for gambling no matter the tactics you apply or the level of experience you have, when we speak of gambling we are literally talking about put your money 50/50 whether you will gain or loss. so the idea of being an experienced gambler doesn't matter because your not sure of what will be the outcome of your stake.

Let's have it forever that gambling is risking your money for either winning or losing. luck based game is underlining message of this gambling.

Of a truth, luck is the main determinant of a gambler's fate but that also doesn't also mean that winning in gambling is limited to luck alone. Experience play a part in the results a gamblers gets because when you're experienced, you tend to be more strategic and logical in your gambling decisions than an inexperienced gambler. Gambling like you rightly said is risking one's money which might end up returning more or losing it entirely but when you know the right techniques and measures to gamble, you increase your chances of winning more than losing

[LUCKMCFLY]

Of a truth, luck is the main determinant of a gambler's fate but that also doesn't also mean that winning in gambling is limited to luck alone. Experience play a part in the results a gamblers gets because when you're experienced,

I think that games of chance are about both, luck and experience, we can also give space to strategies, I would use experience along with strategy to make bets, knowing the exact moment to raise a bet, how and why, that's where a person's experience is noticeable and you see how many other things can be done, for example when I'm playing poker, you know that experience makes you win, but also luck and strategy, there's a saying out there that goes: "The devil knows more because he's old than because he's the devil", so this same thing applies in gambling.

[l3pox]

There is no justification for gambling no matter the tactics you apply or the level of experience you have, when we speak of gambling we are literally talking about put your money 50/50 whether you will gain or loss. so the idea of being an experienced gambler doesn't matter because your not sure of what will be the outcome of your stake.

Let's have it forever that gambling is risking your money for either winning or losing. luck based game is underlining message of this gambling.

Of a truth, luck is the main determinant of a gambler's fate but that also doesn't also mean that winning in gambling is limited to luck alone. Experience play a part in the results a gamblers gets because when you're experienced, you tend to be more strategic and logical in your gambling decisions than an inexperienced gambler. Gambling like you rightly said is risking one's money which might end up returning more or losing it entirely but when you know the right techniques and measures to gamble, you increase your chances of winning more than losing

have you ever heard that story about the goddess of luck and the goddess of wisdom?
it's a truly interesting one
some say that the gooddess of wisdom will end up attracting the goddess of luck

[STT]

The Drake deal was sponsorship, he wasn't the only one also some streamers did deals like this and still are now I guess.   Apparently it helped various causes Drake wanted to support, how much it helped his own personal wealth I dont know.   Every big entertainer has this where their income will be linked to a company that manages them and owns their copyright and so on, its always a bit less personal in that way depending how the taxes are done.

Most streamers are in a company house for example, its how they command a house near to a mansion size when the streamer may not be that massive.  Housing is a tax write off if you are clever about it and alot of other things can be also, imagine having such a nice job you can just say well its part of the stream so dont charge me send the company an invoice; dam smart tbh.
  Thats a nice deal, Im not accountant or qualified especially but I dont think Im far off in my estimate; in many countries this is a possibility.

It should easy for people like that raising publicity or easier to gamble in a planned way where you never risk more then you can afford especially.  Ideally we'd all plan out our risks as carefully and with the help of an accountant, I know Im not nearly that organized.

[Nwada001]

There is no justification for gambling no matter the tactics you apply or the level of experience you have, when we speak of gambling we are literally talking about put your money 50/50 whether you will gain or loss. so the idea of being an experienced gambler doesn't matter because your not sure of what will be the outcome of your stake.

Let's have it forever that gambling is risking your money for either winning or losing. luck based game is underlining message of this gambling.

This is where I disagree with the fact that there are basically no experienced players even in the case when a player plays games that are based on pure chance 50/50.

In this case, experience lies in managing your money and comes down in general terms to an elementary rule: an experienced player knows and feels much better when to stop playing.  And this intuitive feeling is much less developed in a player whom we all consider inexperienced.  In my opinion, this experience of old players cannot be completely ignored; it allows them to lose less at approximately the same time intervals than newcomers to gambling and inexperienced players do.

I agree with you on the side that having skill can help reduce how much the gambler can lose to gambling since skill and experience can help in fund management, but the chances of losing and winning in gambling will still remain under the 50/50 level because that's how the games have been programmed to be.
 
We can't be too sure of what the games have been programmed to be. We can't be too sure of the game even with our skill, and to me, it's also not very advisable to take our hope very high by picturing a running game with a high chance of winning due to the skill and experience that we have.

[KTChampions]

In the short term and at the beginning, gambling can really provide big profits, that's why newbies will continue to play because they feel they can earn a lot by gambling, but in the long term gambling will bring gamblers to big losses so experience doesn't help at all. In gambling, luck plays a big role and experience only plays a very small role because experience gives the gambler the knowledge of when to stop or continue playing, not how to win the game, so without luck, experience has no influence whatsoever.

You could say that experience in gambling is experience in losing  And in fact, it is. If you put aside various tricks and abuses (like bonus hunting, searching for vulnerabilities in algorithms, etc.), then gambling is a waste of money (I have nothing against spending money on entertainment, but some people try to make money in gambling). So having experience in limiting your losses and self-control is a useful experience here.

[slapper]

~snip~

We do have that so called beginners luck on which this is something which is really that very common and on the time that someone do able to hit up some nasty wins on their first time then they would really be thinking after that they could really be able to make themselves getting rich with gambling and they would really be that become impulsive into that time or moment on which we know that these kind of behavior would really be leading out into disaster. This is why it would really be that important that you should really know on what you are really that dealing on with. Usually people do make out some realizations on the time that they would really be experiencing shit conditions and not on that before on the time that they would be playing. Although this one is really just that normal because we do know that when it comes into this aspect on where people would really be that become pushing on things on which it cant really be that possible.

Luck or experience then it would really be just that depending on what kind of approach you do have in gambling. Play according to fun and not for the sake of money because this is where usually pushes
you to play further and this is something that will really be that making yourself having those kind of issues or problems on the time that you would really be experiencing those series of loses.
It would really be hard for you to have that kind of control on your first time but if you are really that mindful about potential risks and problems then this wont really be that a hard thing.

Mind trick: "beginner's luck". You think you're a natural because your brain likes easy victories and fast cash. But it's trap. Must think critically. Consider the odds and math. Totally random. Gambling is manipulation, not skill. They build these games to make you feel like you're winning and addicted

Don't gamble to get rich. Entertaining, period. Know your limits and leave. Do not be fooled by momentary highs

Be honest with yourself. Why gamble? What do you want? You should stop chasing losses or trying to prove something

Know the game, know yourself. This prevents disaster. Enjoy gambling, but don't confuse luck with skill. The house always wins long-term

[LUCKMCFLY]

It's a great skill to have: at least try to calculate the odds in front of you. It's hard, especially with the desire to win double or triple the prize you've already got - but it's your prize and you decide what to do with it.

This reminds me of when I saw in probability and Statistics that people who win the lottery once can continue winning it with Greater probability than other People ,  the reason ? I don't know , nor does the professor, but that it is true, then given these things with respect to Games of Chance it is very difficult to make a probability and statistics, because everything is given in a very random sense, then it is difficult to Calculate , I personally would not do any kind of probability because I do not have fixed factors to calculate, everything is Changing.

[Fredomago]

Of a truth, luck is the main determinant of a gambler's fate but that also doesn't also mean that winning in gambling is limited to luck alone. Experience play a part in the results a gamblers gets because when you're experienced,

I think that games of chance are about both, luck and experience, we can also give space to strategies, I would use experience along with strategy to make bets, knowing the exact moment to raise a bet, how and why, that's where a person's experience is noticeable and you see how many other things can be done, for example when I'm playing poker, you know that experience makes you win, but also luck and strategy, there's a saying out there that goes: "The devil knows more because he's old than because he's the devil", so this same thing applies in gambling.

Notable, if you use a good strategy and the timing is right then chances to win is possible and surely with luck it can be more decent, there are factors that a gambler needs to consider when playing, you should always be in control and not to let your emotions to control you, you might waste your luck if you don't follow your strategy, worse, you might stake such amount that you are capable to let go very important to have that good understanding and knowledge about the game that you are playing so you can use both your experienced and your luck in a timey manner,.

[ethereumhunter]

It's a great skill to have: at least try to calculate the odds in front of you. It's hard, especially with the desire to win double or triple the prize you've already got - but it's your prize and you decide what to do with it.

This reminds me of when I saw in probability and Statistics that people who win the lottery once can continue winning it with Greater probability than other People ,  the reason ? I don't know , nor does the professor, but that it is true, then given these things with respect to Games of Chance it is very difficult to make a probability and statistics, because everything is given in a very random sense, then it is difficult to Calculate , I personally would not do any kind of probability because I do not have fixed factors to calculate, everything is Changing.

We may difficult to calculate the odds in front of you but we can keep try to check it to see how big our chance to win. We should not force ourselves to keep place our bet if we don't see the chance and that will related to the experience that we have before. Luck and experience will be needed when we playing gambling and we also need to have skills to calculate the odds. But we can not rely to our skills to make an accurate prediction to the games because gambling games is unpredicted easily.

That is why we must not too serious when playing gambling and not thinks that our prediction will always right because the match can change anytime. We can place our bet for fun only so we don't thinks about winning the big money from gambling. We will let that happen with our luck and no need to wait when our luck will comes and help us to win.