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Author Topic: Luck or Experience  (Read 2077 times)
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August 14, 2024, 11:50:20 AM
 #221

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.

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August 14, 2024, 12:54:45 PM
 #222

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.

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August 14, 2024, 01:11:37 PM
 #223

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.

 
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August 14, 2024, 01:30:42 PM
 #224

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.

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August 14, 2024, 01:34:59 PM
 #225

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.

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August 14, 2024, 03:37:10 PM
 #226

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.
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August 14, 2024, 03:39:42 PM
 #227

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.

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August 14, 2024, 04:02:14 PM
 #228

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.

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August 14, 2024, 04:13:17 PM
 #229

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

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August 14, 2024, 04:41:16 PM
 #230


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.

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August 14, 2024, 04:51:27 PM
 #231

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

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August 14, 2024, 05:10:54 PM
 #232

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.

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August 14, 2024, 06:35:53 PM
 #233

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.

 
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August 14, 2024, 07:29:05 PM
 #234

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  Grin 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.

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August 14, 2024, 11:17:50 PM
 #235

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.

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August 15, 2024, 03:08:17 AM
 #236


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,.

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August 15, 2024, 05:46:40 AM
 #237

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.

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August 15, 2024, 08:10:48 AM
 #238

It seems that Op wanted to hear people say that gambling is based on experience and tactics, you are free to believe in whatever you want but what have been your own gambling experience so far? Have you been able to use tactics only and keep wining every rounds? I don't think so, even that your friend that claimed the rubbish, ask for his past gambling history, in gambling world, one victory doesn't justify what's coming next.

I knew few gamblers that forget about how much they have wasted away once they win a big win, they immediately start seeing themselves like some kind of a PRO only to get humbled after a while, no matter who you think you are, or what strategy you think you've got, gambling will humble you.

It is better to be a responsible gambler or a non gambler at all, it's either one of these two, anything else is road to disaster. If you want to find out the hard way don't take my words seriously.

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August 15, 2024, 08:40:41 AM
 #239

It seems that Op wanted to hear people say that gambling is based on experience and tactics, you are free to believe in whatever you want but what have been your own gambling experience so far? Have you been able to use tactics only and keep wining every rounds? I don't think so, even that your friend that claimed the rubbish, ask for his past gambling history, in gambling world, one victory doesn't justify what's coming next.

I knew few gamblers that forget about how much they have wasted away once they win a big win, they immediately start seeing themselves like some kind of a PRO only to get humbled after a while, no matter who you think you are, or what strategy you think you've got, gambling will humble you.

It is better to be a responsible gambler or a non gambler at all, it's either one of these two, anything else is road to disaster. If you want to find out the hard way don't take my words seriously.
saying gambling is based on experience in my opinion it is only partly not entirely gambling is based on the experience that is had. what kind of experienced person is there in gambling? if they are experienced with being able to predict the results that will occur accurately I doubt it, except to say that someone who is experienced in gambling is quite reasonable in their actions.

what you said is right, it is better to be a responsible gambler, limit the gambling that is done by not gambling excessively such as on a budget that is allocated excessively or beyond our own capabilities. don't be too confident that gambling is based on experience, even if they have a strategy and believe that the strategy is accurate I don't think there is any certainty that the strategy can make them profitable. so do gambling reasonably to avoid unwanted things happening in the future.

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August 15, 2024, 08:51:58 AM
 #240

It seems that Op wanted to hear people say that gambling is based on experience and tactics, you are free to believe in whatever you want but what have been your own gambling experience so far? Have you been able to use tactics only and keep wining every rounds? I don't think so, even that your friend that claimed the rubbish, ask for his past gambling history, in gambling world, one victory doesn't justify what's coming next.

I knew few gamblers that forget about how much they have wasted away once they win a big win, they immediately start seeing themselves like some kind of a PRO only to get humbled after a while, no matter who you think you are, or what strategy you think you've got, gambling will humble you.

It is better to be a responsible gambler or a non gambler at all, it's either one of these two, anything else is road to disaster. If you want to find out the hard way don't take my words seriously.
It's so pitiful to see that are this time this very modern age people are wanting to show off as PRO or someone who are too good in gambling knowing how it works and function.

That's for them, if I could recall there was someone who won big about 10m our local currency but what humbled him is that he thought power of winning is in his hands without knowing that gambling doesn't function that instead of him to go cash out and used that same to establish himself he finally ended up losing back the entire money back to gambling site, and guess what?

Since then till today he do manage to gamble and sometimes he begs people around for just less than 100 to stake bet. The main thing is when you have the opportunity and you made good winning what to do is to establish oneself and then from there you would have money to be betting one needs of gambling arises.

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