Luck: a dominant factor in gambling then skill.

[sompitonov]

Everything in gambling depends on peoples outcome.

If you apply a strategy and you start winning you will think the strategy works and that's why you are winning, if anyone talk about lucks beside you it is possible you will shun then or tell them that gambling isn't about luck.

What such people don't realize until later is that luck plays a bigger role in gambling, they always find out the hardest way later, probably when they lose everything and they found out that those old winnings were all based on luck.

They are lucky and they don't just realize it.

Luck cannot be ignored in gambling, those who bet using a strategy and succeed in winning will indeed think that the strategy used is accurate because it can produce victory, but when the strategy is used again it will not be able to make them win again and again, the fact is that luck still dominates. although some gambling games are determined partly and fully by the strategy they have, luck still plays a role so luck dominates in gambling.
You are right, most likely when they win, they will not realize that it is because of luck but because of the strategy they use. This is not realized by all gamblers, maybe only a few gamblers are aware that the victory they get is because of luck, not strategy.

I think that in order to understand that the strategy is profitable, the player needs to play several thousand bets, otherwise the sample will be insufficient and subject to a large random factor. For example, with 100 bets, you can’t think that our strategy is successful, although many players are blinded by the fact that they have come up with something brilliant and can now constantly earn money thanks to gambling. In any case, reasonable and calculating managers in the casino will not allow them to be beaten on a regular basis, because they are here so that players fill their pockets, and not vice versa.

However, I think there is no accurate strategy that can make us win continuously or consistently, as I said above with someone when gambling using a strategy and winning they will think that the victory that occurred was due to the strategy, even though if you look further I think it was because of luck that was on our side. there are also people who gamble using strategies and what happens is they lose, but when they are addicted and are at a time like that what will be done after that is they will look for a strategy reference that they think is accurate, and this is what causes luck to be ignored even though in my opinion luck in gambling is the thing that dominates with the winning factor that can happen.

besides considering that the bigger casino operators have a chance to win, it makes players only have a small chance of winning and this cannot be changed if it were not for luck with their winnings.

I agree with your statements, in the end only luck decides who wins and who loses. Believing in your successful strategy is probably a mistaken opinion of the player himself, but everyone wants to believe that he has come up with something new and that no one else knows yet. Perhaps this is called self-deception or an illusion that says justifies our game. Even when we lose, we can convince ourselves that everything will work out, but this will already be self-reassurance that has no connection with reality, because they will most likely end in losses. In general, the main thing is not to forget to keep your mind clear, so as not to try to deceive yourself.

[Su-asa]

A lot of people fail to realize that when it comes to casino games there's no such thing as skill or strategies, the outcomes cannot be predicted in any way, it's just based on luck, looking at this I can only advice this person to quit gambling. Sometimes sit down and ask yourself, how much profit have I been making from this on a monthly basis??, if you have been on a losing streak why continue?? Luck is indeed a dominant factor when playing casinos and you cannot always rely on luck, a single day of losing streaks can take away all have won In one month
You can't always be lucky every time

[iv4n]

A lot of people fail to realize that when it comes to casino games there's no such thing as skill or strategies, the outcomes cannot be predicted in any way, it's just based on luck, looking at this I can only advice this person to quit gambling. Sometimes sit down and ask yourself, how much profit have I been making from this on a monthly basis??, if you have been on a losing streak why continue?? Luck is indeed a dominant factor when playing casinos and you cannot always rely on luck, a single day of losing streaks can take away all have won In one month
You can't always be lucky every time

Skill is acquired through practice, the more you do something, the more you know about the game you play, and what you can expect in that game. And there's always some strategy that you can apply. Let's take x100 for example... if you hit it in the first 10 rolls it's extreme luck, in the first 50 rolls it's also great luck... but you should be aware that 1000 rolls can go by without a hit. So if you wish to hit it you need some strategy, maybe the first 50 rolls with min bet, then you can raise a bit and try another 50 rolls (more or less). It's up to you and your style how you play some games... there's some skill & strategy when we play any game.

I am not looking at gambling as a source of income, and I don't have a spreadsheet with my wins & losses, I like to gamble with money I can afford to lose. So some of your questions look silly, do you even gamble?

Except for quitting gambling do you have any other gambling advice for me?

[stompix]

I wasn't disputing that... I wasn't even talking about casino games... Sport betting is all I was trying to describe.

OP first post was about a dice game, you didn't mention anything about sports gambling in your post and you said that a game can't be 100% luck. Yes, casino games are always 100% luck, and if you've read my full reply, yes, even sports can be like 1000% stupid luck sometimes.

like smaller teams defeating against a bigger team? It does happen all the time in premier League matches.

You had my example about a horse racing event in that post, it was dumb unluck to the maximum, I don't recall in all my years of betting more than 3 times to see a horse getting spooked enough to have his jockey unseated. But there are plenty of other things, two weeks ago there was a record of 11 odds on favorites losing one after the other, this is something that simply should not happen, and plenty of other random stuff.

For example in horse jumping at Cartmel in the previous race horses managed to damage 3 fences beyond repair, so in the next one they had to jump only 6 instead of 12, suddenly a horse that was 8:1 became a favorite because he was a great galloper but a poor jumper, and he won. It was luck because of the damaged fences or it was skill because you knew what that horse was capable of?

[Kelward]

Yes I quite agree with your opinion OP, I do not reject your perspective where gambling is 98% about luck and the remaining 2% is skill, meaning luck is indeed much more important than skill, but it does not mean that skill is not important especially when we bet on sports betting because after all skill can help us a little to get closer to victory.

In the end, even though you feel that you have experience and high flying hours in gambling, risk is still something that you are very likely to experience, gambling is an activity that cannot be predicted about what will happen at the end of the game, therefore defeat will always be a definite possibility, and this is also the reason why setting limits and management of money and thoughts is always recommended to every gambler.

Yes. As much as luck is crucial in gambling, skill also should never be ignored. Simply because that will be your weapon to limit your losses when gambling, and for some reasons, increase your winning probability most particularly if luck is also in your side. But regardless if you have skill or not but luck is there 100%, rest assured the winnings will be certain. That's why if you think your luck is not around, it's better to just cancel your gambling to avoid future losses.

Luck is undeniably a dominant factor in gambling, if skills were a dominant factor that means that most casinos and sports bet companies will go bankrupt. The house edge in gambling is the reason why majority of the gamblers lose
and a few lucky ones wins. Although we can not write off the importance of skills in analyzing games especially in sports bet, skills will help you to minimize loses because you're able to calculate the probability of your analysis to give you wins. But despite all your analytical skills you still depends on luck for it to materialize to favor your bet. This is why it's important to gamble with the amount that you can afford to loose because you're not supposed to risk substantial amount on something that depends on luck to be profitable.

[hedgeh0g]

Control over emotions will certainly help us avoid big losses that could happen to us, but it does not guarantee that we will win more. Losing less is true, but in the end it all comes down to luck and if it wants, the lucky one who did not even know about the existence of any rules for controlling emotions will win the jackpot. It is still necessary to study and strive to study the different features of the game, because this will help us keep the winnings if they ever come to us.

I do not agree with your few sentences, however gambling is done it will not change the factor of losing less. unless this is said with the aim of the casino then it is true, but for players who gamble without being able to control their emotions or even being able to control their emotions it does not guarantee that players can experience less defeat, it should be noted that gambling is a game of luck and probability so there is no certainty of victory in gambling, for players they only have a small chance of winning, while for losing the chances are very large so it is impossible for anyone to gamble with less defeat.
There is no clear certainty that something will help us maintain victory other than good self-control. When someone has good self-control, they will understand that gambling is a game of luck, so they will definitely take advantage of the victory they have achieved.

After all, in the end, the winner is the one who is lucky enough to win and leave with the winnings, and not the one who plays without stopping. Your last sentence is well said, I agree with you on this. It turns out that self-control does influence and something depends on us. Of course, it is impossible to influence luck, but not everyone can take the winnings and leave. For example, I have never had this happen, I still leave more money than I win, but if I am ever lucky enough to win, then I am almost sure that my self-control will be enough to do what you said.

[nullama]

~snip~
After all, in the end, the winner is the one who is lucky enough to win and leave with the winnings, and not the one who plays without stopping. Your last sentence is well said, I agree with you on this. It turns out that self-control does influence and something depends on us. Of course, it is impossible to influence luck, but not everyone can take the winnings and leave. For example, I have never had this happen, I still leave more money than I win, but if I am ever lucky enough to win, then I am almost sure that my self-control will be enough to do what you said.

Yeah, that's the thing.

It is incredibly rare for a gambler to actually get that kind of money, most people will lose more than what they gamble.

It is even rarer to have that person who just won that unlikely prize to simply stop playing and walk away, which is the best thing they can do.

And casinos will try everything they can so that the gambler stays because they know they will make their money back from the gambler eventually.

[Dewi Aries]

~snip~
After all, in the end, the winner is the one who is lucky enough to win and leave with the winnings, and not the one who plays without stopping. Your last sentence is well said, I agree with you on this. It turns out that self-control does influence and something depends on us. Of course, it is impossible to influence luck, but not everyone can take the winnings and leave. For example, I have never had this happen, I still leave more money than I win, but if I am ever lucky enough to win, then I am almost sure that my self-control will be enough to do what you said.

Yeah, that's the thing.

It is incredibly rare for a gambler to actually get that kind of money, most people will lose more than what they gamble.

It is even rarer to have that person who just won that unlikely prize to simply stop playing and walk away, which is the best thing they can do.

And casinos will try everything they can so that the gambler stays because they know they will make their money back from the gambler eventually.

Yes and I think it is very natural, gambling is not a charity field, this is a business for casinos, and casinos make the losses of gamblers as a profit for them, meaning it is very natural for gamblers to lose more often than win. So if you don't want to lose too much money then understand the fact.

In most cases, yes I agree with you that gamblers who have just won are indeed very difficult for them to stop and just leave, often they will only stop when everything is gone and regret is always the main thing that slaps them.

Of course, casinos will always try to do various ways for gamblers to come back, usually by giving a little win where it can restore and increase the hopes of gamblers so that they return to betting with various aggressive actions.

[HelliumZ]

Yes, luck is more important than skill in casino or gambling because here the casino or gambling bets are arranged in a combination where experience without luck is of no use. If experience or skill comes in handy in gambling or casinos, there are many experienced and skilled gamblers who would never lose a bet. Moreover, experience or skill is very important in any other sector, especially in trading, if the experience or skill is compared then surely it can contribute significantly here. But experience in gambling or casino will not bring you any result but if your luck is good then surely you can get good profit in gambling too.

[junder]

After all, in the end, the winner is the one who is lucky enough to win and leave with the winnings, and not the one who plays without stopping. Your last sentence is well said, I agree with you on this. It turns out that self-control does influence and something depends on us. Of course, it is impossible to influence luck, but not everyone can take the winnings and leave. For example, I have never had this happen, I still leave more money than I win, but if I am ever lucky enough to win, then I am almost sure that my self-control will be enough to do what you said.

That's right, moreover even though they have won but have not made a withdrawal, then there is no actual win that has occurred, as in another thread about the actual win, the withdrawal is quite reasonable, because when the gambler successfully withdraws his winnings and goes to enjoy the win, then there is a win that can be enjoyed not by gambling but by other things such as treating friends or spending it on other things. However, this withdrawal is still a problem that occurs, when someone wins, it will not be easy to withdraw their winnings unless they are aware that the win is based on luck. It also depends on yourself, so it all comes back to ourselves. Sometimes we can get carried away because the victory that is obtained makes our minds processed by the victory that can happen again, in my opinion this happens to all gamblers including those who have good self-control, they must have experienced something like this.

[Samlucky O]

But my main reason for lighting out this is because I have constantly emphasize in my posts that winning in gambling is dominantly a factor of luck (a perspective some persons disagree on) and not about how skillful and knowledgeable you may subscribe yourself to be. Luck in my opinion contributes a 98% determinant role while skill could contribute to a 2% to our winnings.

For me I think it depends on the type of gambling. When you talk about the football gambling, wrestling, NBA and many other types of gambling, we can talk about being skillful because it's easy to predict compeard to dice 🎲, roulette, casino slot 🎰 games. When you talk about %98 chance of luck on this last set of games I listed, them I can agree with you because you wouldn't know or predict anything but just all about luck. But football gambling is basically skill and luck which might be %50 each or it might not necessarily be like your assumptions of %98 and %2. I don't even know the value or ratio at which to quantify it. but i believe the skill is more, in comparison with the slot game.

[Dave1]

Yes, luck is more important than skill in casino or gambling because here the casino or gambling bets are arranged in a combination where experience without luck is of no use. If experience or skill comes in handy in gambling or casinos, there are many experienced and skilled gamblers who would never lose a bet. Moreover, experience or skill is very important in any other sector, especially in trading, if the experience or skill is compared then surely it can contribute significantly here. But experience in gambling or casino will not bring you any result but if your luck is good then surely you can get good profit in gambling too.

And as much as we know that we can win with our analysis or certain games, still boils down to luck itself. Because this is one factor that gamblers need in order to win. That's why we heard some of them saying that they just got lucky, because they thought that they are on the brink of losing it.

I myself plays a lot of luck base games like roulette, dice and slots. And you are a so called "advantage", if lady luck is on your side so that you can win games. There's nothing wrong with it though and couple with your experience and strategy, maybe that could be the secret formula for our success.

[betswift]

~snip~
After all, in the end, the winner is the one who is lucky enough to win and leave with the winnings, and not the one who plays without stopping. Your last sentence is well said, I agree with you on this. It turns out that self-control does influence and something depends on us. Of course, it is impossible to influence luck, but not everyone can take the winnings and leave. For example, I have never had this happen, I still leave more money than I win, but if I am ever lucky enough to win, then I am almost sure that my self-control will be enough to do what you said.

Yeah, that's the thing.

It is incredibly rare for a gambler to actually get that kind of money, most people will lose more than what they gamble.

It is even rarer to have that person who just won that unlikely prize to simply stop playing and walk away, which is the best thing they can do.

And casinos will try everything they can so that the gambler stays because they know they will make their money back from the gambler eventually.

It's our responsibility to get our heads ready for such situations and not get tempted into doing what is needed from us, but what is needed for ourselves.

[Jody.Drummer]

However, I think there is no accurate strategy that can make us win continuously or consistently, as I said above with someone when gambling using a strategy and winning they will think that the victory that occurred was due to the strategy, even though if you look further I think it was because of luck that was on our side. there are also people who gamble using strategies and what happens is they lose, but when they are addicted and are at a time like that what will be done after that is they will look for a strategy reference that they think is accurate, and this is what causes luck to be ignored even though in my opinion luck in gambling is the thing that dominates with the winning factor that can happen.

besides considering that the bigger casino operators have a chance to win, it makes players only have a small chance of winning and this cannot be changed if it were not for luck with their winnings.

I agree with your statements, in the end only luck decides who wins and who loses. Believing in your successful strategy is probably a mistaken opinion of the player himself, but everyone wants to believe that he has come up with something new and that no one else knows yet. Perhaps this is called self-deception or an illusion that says justifies our game. Even when we lose, we can convince ourselves that everything will work out, but this will already be self-reassurance that has no connection with reality, because they will most likely end in losses. In general, the main thing is not to forget to keep your mind clear, so as not to try to deceive yourself.

someone who gambles using a strategy and succeeds in winning usually they will show off their victory and tell that the victory was obtained because of the strategy they used and then the winner could suggest to his friend who also likes to gamble to use his strategy too but when his friend uses the recommended strategy of course the final result that will occur will not be exactly the same as being able to produce a victory, if the results are the same, it can still produce a victory because of luck.
true what you said everything will end in loss no matter how gambling is done either by those who gamble using strategy or those who do not use strategy. that is why luck will dominate more than skill.

[Fredomago]

Yes, luck is more important than skill in casino or gambling because here the casino or gambling bets are arranged in a combination where experience without luck is of no use. If experience or skill comes in handy in gambling or casinos, there are many experienced and skilled gamblers who would never lose a bet. Moreover, experience or skill is very important in any other sector, especially in trading, if the experience or skill is compared then surely it can contribute significantly here. But experience in gambling or casino will not bring you any result but if your luck is good then surely you can get good profit in gambling too.

And as much as we know that we can win with our analysis or certain games, still boils down to luck itself. Because this is one factor that gamblers need in order to win. That's why we heard some of them saying that they just got lucky, because they thought that they are on the brink of losing it.

I myself plays a lot of luck base games like roulette, dice and slots. And you are a so called "advantage", if lady luck is on your side so that you can win games. There's nothing wrong with it though and couple with your experience and strategy, maybe that could be the secret formula for our success.

More on how you wisely play the timing of your luck, if you manage to take it while you still in green and not to over exceed then luck factor will be sided to you while if you push forward and aim for more, that might bring you to lose that opportunity, there are types of gambling games where you can combine your experienced and luck which mostly with money managements, with a good control it gives you that edge to take advantage with situation that still on your side.

More on taking profits or lessen the bleeding of your bankroll by using both your luck and your understanding in taking the risk while still involve with your gambling.

[Rampagoe004]

This is why it's important to gamble with the amount that you can afford to loose because you're not supposed to risk substantial amount on something that depends on luck to be profitable.

I agree with you. Gambling is not mathematics where you can arrange and calculate the results. Gambling also does not have patterns and signs like weather forecasts so even if it is the future, there will be natural signs to then be computed to be able to predict the results. Gambling especially dice throwing is very much dependent on luck. It is something that happens in the future. It is the same as other games where even though it is randomly arranged by an algorithm, you still need luck to win.

[Sandra_hakeem]

For example in horse jumping at Cartmel in the previous race horses managed to damage 3 fences beyond repair, so in the next one they had to jump only 6 instead of 12, suddenly a horse that was 8:1 became a favorite because he was a great galloper but a poor jumper, and he won. It was luck because of the damaged fences or it was skill because you knew what that horse was capable of?

Ehnnn, to be very honest, I don't really have a vast idea about horse racing or how it's being staked... I know alot about sport betting and I can review, collect and rectify odds in their due proportion .. I can tell you how and when 2 odd of the same value can either be a win for the home or away team; or better still, over/ under goals etc...

Yes, luck is more important than skill in casino or gambling because here the casino or gambling bets are arranged in a combination where experience without luck is of no use. If experience or skill comes in handy in gambling or casinos, there are many experienced and skilled gamblers who would never lose a bet.

What are you even saying bruhhhh....?? Luck is more important than skill?? How do you even get lucky when you don't even know how to wager games in the first place? Y'all just write whatever comes into your heads without even knowing - to which area of criticism you need to gain relevance in topic.

[hedgeh0g]

~snip~
After all, in the end, the winner is the one who is lucky enough to win and leave with the winnings, and not the one who plays without stopping. Your last sentence is well said, I agree with you on this. It turns out that self-control does influence and something depends on us. Of course, it is impossible to influence luck, but not everyone can take the winnings and leave. For example, I have never had this happen, I still leave more money than I win, but if I am ever lucky enough to win, then I am almost sure that my self-control will be enough to do what you said.

Yeah, that's the thing.

It is incredibly rare for a gambler to actually get that kind of money, most people will lose more than what they gamble.

It is even rarer to have that person who just won that unlikely prize to simply stop playing and walk away, which is the best thing they can do.

And casinos will try everything they can so that the gambler stays because they know they will make their money back from the gambler eventually.

It is precisely because players with a jackpot return after some time that this business is incredibly good for the owners. After all, the main thing is that many players play and they have more money, and if the jackpot is returned to the same treasury from where it was issued, then the organizers will be simply happy. If we imagine a situation where everything was the other way around and the winners always left, then the casino would have much less profit. All these small factors from marketing, the casino's log and the sounds in the game matter and set the player up to return in any case.

[LUCKMCFLY]

I'll leave dice games for Mathematicians, because of their formula for solving which dice is fair or manipulated. While it's luck-based, you'll have to consider if you're dealing with a fair dice. I need to know about the online settings. But, dice manufacturers have a way of constructing it not to hit a 6 or a specific number for some time. The probability for solving whether a dice is fair can be found in this stack topic.

It is a fact, and we can ignore everything that has to do with the game of dice, despite it being such a simple, basic game, it has many things with it, probabilities, mathematics, but there is something that we should always consider, it is the house advantage, that kills any mathematics, the random factor and in favor of a casino, it is something that will always favor them, but playing dice or any game, we must be very moderate about that, not spend all the money we have and only spend the money that we are willing to lose.

[tread93]

So I came across this post by iv4n who shared how he won his bet he didn't intentionally placed but out of mistake.  I wasn't surprised although because it's all luck and luck can happen to us in unexpected ways.

But my main reason for lighting out this is because I have constantly emphasize in my posts that winning in gambling is dominantly a factor of luck (a perspective some persons disagree on) and not about how skillful and knowledgeable you may subscribe yourself to be. Luck in my opinion contributes a 98% determinant role while skill could contribute to a 2% to our winnings.

Using iv4n experience below. Do you guys agree with this, that luck goes before skill/knowledge in gambling?

https://bitcointalk.org/index.php?topic=320959.msg64450402#msg64450402
A bit of luck for a change...


I wanted to chase x2.75, but looks like I mistyped and I played x75... by the time I saw it and clicked stop, I won a bet and lost just one bet after that win. Is that luck or what?

I deposited 1 mBTC, and now after a few minutes, I am x5 my deposit... looks like it will be an interesting evening. Good luck all, and have fun gambling!

Depending on the game it can be one way or the other, generally with gambling I am leaning more towards the luck over skill side unless you’re playing a strategy game like Texas hold em or black Jack but mostly I would say luck is the main factor.