Luck: a dominant factor in gambling then skill.

[Cryptomultiplier]

In general, yes, I agree with what you said OP that in the end victory always depends on luck, or even though you have pretty good skills but if it turns out that luck is not with you when running a session then usually the results will be disappointing, but that doesn't mean I'm saying that skills and knowledge are useless, because in sports betting in particular, they are both useful things to analyze which is stronger between the two teams.

Agreed too, luck is the most important and the rest are additions that can be ignored or we don't pay too much attention to. I think someone can gamble depending on just guessing and his or her guess can be correct and win large sum. Picking between two clubs that's playing can be done with guessing and you win hence luck is what you need and not skills. Any game that you mentioned that needs skills can be try and you win with pure guessing, so gambling isn't something you can be studying and become perfect at doing.

Doing the exact same thing everytime that that you gamble wouldn't give the you the same outcome so why will you think that you need other things to win that isn't luck. The biggest winners in gambling history are those that had only luck on their side.

Luck without any risky experience to learn from, will lead to more repetitive failures than may be accepted and even though luck is considered more dominant, but money or funds to gamble with  and the world wide web or Internet search engines to check for updates and history, rank closely, if not most dominant than luck itself in gambling.

[Docnaster]

In general, yes, I agree with what you said OP that in the end victory always depends on luck, or even though you have pretty good skills but if it turns out that luck is not with you when running a session then usually the results will be disappointing, but that doesn't mean I'm saying that skills and knowledge are useless, because in sports betting in particular, they are both useful things to analyze which is stronger between the two teams.

Wether we agee or not, luck has been had will continue to be the major determinant of a gambler's fate regardless of his experience or strategy. We've seen people who have very little knowledge about gambling go on to get massive winnings just because of luck and we've seen veterans of the game lose everything they possess just because of how unlucky they were. Like you rightly said, it's very important to have basic skills in gambling in other to be able to get winnings but if a gambler isn't lucky in his gambles, he's as good as a serial loser.

[Zigabel]

Gambler's disaster is almost certain whenever gambling is done with any motive in gambling. It may take some time more or less to happen but it will happen. This is not a platform where a gambler can earn guaranteed profits but their behavior seems like they are going to win there very soon. I would certainly agree that gambling can be seen as a source of pleasure for the moment but as a platform to help financially in the long run, the gambler is definitely on the losing end.

The pleasure I believe comes when gamblers are winning their game but if the  reverse is happening, then most gamblers are going to be sad and not find any pleasure that they did played the game mainly it's the casino that's always at advantage. Gamblers disaster occurs most ro those who have refused to be cautious gambling but think they have got full control and do not need to be disciplined any more until they eventually have a reason to loose their funds they then look back at their strategy again.

[LDL]

Actually gambling depends on luck, if you are lucky you will win the bet and if you are not lucky you won't win. Yes, maybe some people can win with their experience but no one can say with 100% sure that he will win this bet. You will see that many experienced gamblers sometimes lose a lot of money, on the day they are lucky they win a lot of money. Have you ever seen gamblers win every day? No gambler wins every day, no matter how experienced. I bet in the casino, an experienced guy beside me suggested but I lost. So if you are unlucky then your experience will be of no use. In gambling you either win or lose, gambling is a game of luck.

I have been involved with gambling for a long time but till now I have not won a lot of bets. Although I had a lot of experience, I could not win the bet only because my luck was not good in gambling i.e. experience was of no use to me. Although experience sometimes helps in sportsbetting, but in other sectors, especially poker, dice, experience does not help, here only luck has to be relied upon.

[Troytech]

In general, yes, I agree with what you said OP that in the end victory always depends on luck, or even though you have pretty good skills but if it turns out that luck is not with you when running a session then usually the results will be disappointing, but that doesn't mean I'm saying that skills and knowledge are useless, because in sports betting in particular, they are both useful things to analyze which is stronger between the two teams.

Agreed too, luck is the most important and the rest are additions that can be ignored or we don't pay too much attention to. I think someone can gamble depending on just guessing and his or her guess can be correct and win large sum. Picking between two clubs that's playing can be done with guessing and you win hence luck is what you need and not skills. Any game that you mentioned that needs skills can be try and you win with pure guessing, so gambling isn't something you can be studying and become perfect at doing.

Doing the exact same thing everytime that that you gamble wouldn't give the you the same outcome so why will you think that you need other things to win that isn't luck. The biggest winners in gambling history are those that had only luck on their side.

We act as if luck is something we can get without effort. We seem to forget that we have to use our skills to prepare for the games we will bet on before we can get lucky. If no effort is being put at all and we just choose randomly luck may not fall on our side. We may consistently do that and wonder why we dont win at all. Some persons will tag themselves as having bad luck, which they do not know that there is no one who is born with Good luck. Such a person has been trying for some time with the knowledge he has acquired until the day he gets lucky.

Yeah if we try out a pattern for a long time and it doesn't work its best we leave the strategy and adopt to another one to see if there is luck over there. It may be the strategy we dont believe much in that may work for us, so we dont need to stop until the day we get to be lucky.

[letteredhub]

I have been involved with gambling for a long time but till now I have not won a lot of bets. Although I had a lot of experience, I could not win the bet only because my luck was not good in gambling i.e. experience was of no use to me. Although experience sometimes helps in sportsbetting, but in other sectors, especially poker, dice, experience does not help, here only luck has to be relied upon.

In the very moment a gambler runs out of luck with gambling experience becomes worthless more like a barking dog with no teeth to bite. It gets frustrating at that point in time while putting in to much efforts using  your wealth of knowledge and experience and still not getting any win, for something luck could give you effortlessly but for the lack of it we can simply be experiencing a near win syndrome which is actually a no win at all. But when luck and experience goes together it's always a different story altogether.

[SamReomo]

Luck in my opinion contributes a 98% determinant role while skill could contribute to a 2% to our winnings.

I disagree with you, in dice and similar casino games luck play 100% dominant role and there's no chance of winning with skills or strategies unless one isn't very lucky. If someone really want to have winnings in those games then luck is going to be the main factor.

I've noticed that you have won 1 bet and that seems like a good win to me and I believe it was your luck that made you win that bet. Although, after that won bet you have lost some good number of bets but still I guess you were in profit due to that win. It was your luck that led you to win that bet not any skills.

[Churchillvv]

I have been involved with gambling for a long time but till now I have not won a lot of bets. Although I had a lot of experience, I could not win the bet only because my luck was not good in gambling i.e. experience was of no use to me. Although experience sometimes helps in sportsbetting, but in other sectors, especially poker, dice, experience does not help, here only luck has to be relied upon.

In the very moment a gambler runs out of luck with gambling experience becomes worthless more like a barking dog with no teeth to bite. It gets frustrating at that point in time while putting in to much efforts using  your wealth of knowledge and experience and still not getting any win, for something luck could give you effortlessly but for the lack of it we can simply be experiencing a near win syndrome which is actually a no win at all. But when luck and experience goes together it's always a different story altogether.

It's just the fact that one can't get luck at his will or even know when you have luck or not, it all comes to your notice after taking the game and it turns out well that's when you will know if you have luck or not and this keeps me very pissed with gambling.

Regardless we just always wish we have luck all the time as it's more important than experience. even though experience is a support system to luck it can't still be much useful without luck.

[junder]

Luck in my opinion contributes a 98% determinant role while skill could contribute to a 2% to our winnings.

I disagree with you, in dice and similar casino games luck play 100% dominant role and there's no chance of winning with skills or strategies unless one isn't very lucky. If someone really want to have winnings in those games then luck is going to be the main factor.

I've noticed that you have won 1 bet and that seems like a good win to me and I believe it was your luck that made you win that bet. Although, after that won bet you have lost some good number of bets but still I guess you were in profit due to that win. It was your luck that led you to win that bet not any skills.

For games like dice and the like, there is indeed no skill to be able to do it and the same as the like, there is no clear strategy to be able to win, but there are people who are confident in having a strategy that they believe can help them win, actually that doesn't matter but in fact for this type of gambling it really depends more on luck to be able to win rather than based on skill, maybe the skill that is owned is just an addition to our own self-confidence. I'm sure you haven't forgotten about other types of gambling that do require skills to be able to do it, I'm not eliminating the luck factor here because even though in games that require skills, it still involves luck in terms of winning, but this skill that is owned can be said to increase the chances of being able to win.

[ethereumhunter]

In the very moment a gambler runs out of luck with gambling experience becomes worthless more like a barking dog with no teeth to bite. It gets frustrating at that point in time while putting in to much efforts using  your wealth of knowledge and experience and still not getting any win, for something luck could give you effortlessly but for the lack of it we can simply be experiencing a near win syndrome which is actually a no win at all. But when luck and experience goes together it's always a different story altogether.

It's just the fact that one can't get luck at his will or even know when you have luck or not, it all comes to your notice after taking the game and it turns out well that's when you will know if you have luck or not and this keeps me very pissed with gambling.

Regardless we just always wish we have luck all the time as it's more important than experience. even though experience is a support system to luck it can't still be much useful without luck.
[/quote]
Yes, no one will know when his luck will comes so that when he playing gambling, he must know how long he can playing gambling and when he must quit gambling before his losses becomes bigger. A gambler must responsible with his gambling activity and not just using too much money to playing gambling because the risks of losing his money will always be there. No one will know how much money he will lose in gambling but they can prevents the big lose by always using limitation. So when he think that he doesn't have luck in playing gambling, he should stop from playing gambling immediately before he lose control and spend much money. Gambling can tempts someone to keep playing gambling with or without he knows he have luck or not.

[hedgeh0g]

Of course, luck does many things, but what depends on us is not to make stupid mistakes that many players do. We still need to adhere to some restrictions for ourselves and conduct at least a minimal analysis, otherwise if we do not do this, we can lose much more than if we did not do it. I do not cross my arms, despite everything, I try to come up with different strategies for the game, I try them, if they stop working, then I begin to strain my brain to come up with more and try it. Still, I am sure that you can do what is still unknown to many players and thereby improve your win rate by a few percent. Therefore, we still need to always and completely strain our brain, otherwise we can relax so much that we let ourselves go with the flow and begin to hope for luck, then for other people, and this is wrong, we must take everything into our own hands as much as possible.

Valid point, if you keep trying to improve the outcome of your session then the chance of good control might take place, many gamblers failed to analyze their actions and like what you mentioned most just go with the flow and how luck will permits them to win, the problem with that you will keep repeating yourself mistake and will always  be control by your emotion, better to have that strategy and patterns that gives you some decent chance to take advantage of your knowledge and skills while working with your calculation anticipating that it will bring your decent benefits.

That's exactly how I play and with many years of experience in the game I want to say that I have learned to keep my emotions under control completely and if I need to end the game I will do it immediately. Maybe because I have seen and experienced all the situations that can be from big losses to wins. I realized that the game session should not last long to maintain concentration, because over time the game tries to shake us. In general, new players should understand that we can influence the game, but not as much as they think at first.

[Jody.Drummer]

It's just the fact that one can't get luck at his will or even know when you have luck or not, it all comes to your notice after taking the game and it turns out well that's when you will know if you have luck or not and this keeps me very pissed with gambling.

Regardless we just always wish we have luck all the time as it's more important than experience. even though experience is a support system to luck it can't still be much useful without luck.

That is luck because it only happens once in a while and cannot be predicted because if it happens often and can be predicted it is not luck. In my opinion, there is no need to be upset with gambling or with the defeat that occurs because it is something that is certain to happen, when you are upset it is possible that you have a desire to recover the loss and that can make everything uncontrollable. Everyone certainly wants to be lucky in everything including gambling, but in gambling forcing yourself to pursue luck is not recommended, my friend, it is better to gamble reasonably so that something bad does not happen such as loss of self-control which allows us to allocate a lot of money to gambling without getting any results.

[Frankolala]

Of course, luck does many things, but what depends on us is not to make stupid mistakes that many players do. We still need to adhere to some restrictions for ourselves and conduct at least a minimal analysis, otherwise if we do not do this, we can lose much more than if we did not do it. I do not cross my arms, despite everything, I try to come up with different strategies for the game, I try them, if they stop working, then I begin to strain my brain to come up with more and try it. Still, I am sure that you can do what is still unknown to many players and thereby improve your win rate by a few percent. Therefore, we still need to always and completely strain our brain, otherwise we can relax so much that we let ourselves go with the flow and begin to hope for luck, then for other people, and this is wrong, we must take everything into our own hands as much as possible.

Valid point, if you keep trying to improve the outcome of your session then the chance of good control might take place, many gamblers failed to analyze their actions and like what you mentioned most just go with the flow and how luck will permits them to win, the problem with that you will keep repeating yourself mistake and will always  be control by your emotion, better to have that strategy and patterns that gives you some decent chance to take advantage of your knowledge and skills while working with your calculation anticipating that it will bring your decent benefits.

That's exactly how I play and with many years of experience in the game I want to say that I have learned to keep my emotions under control completely and if I need to end the game I will do it immediately. Maybe because I have seen and experienced all the situations that can be from big losses to wins. I realized that the game session should not last long to maintain concentration, because over time the game tries to shake us. In general, new players should understand that we can influence the game, but not as much as they think at first.

From the way you sound it shows that you are well experienced in gambling which is why you have set rules for yourself and sticked to them. Self control and caution is very important when gambling, otherwise, if you let yourself to be carried away with the game, it is likely that you will lose more.

What i do is that i set a time limit for my gambling activities and i also have a gambling budget which if exhausted, I don't gamble anymore till it is refilled. I was once an addict and i know what i passed through to become free from addiction.

[nullama]

~snip~
That is luck because it only happens once in a while and cannot be predicted because if it happens often and can be predicted it is not luck. In my opinion, there is no need to be upset with gambling or with the defeat that occurs because it is something that is certain to happen, when you are upset it is possible that you have a desire to recover the loss and that can make everything uncontrollable. Everyone certainly wants to be lucky in everything including gambling, but in gambling forcing yourself to pursue luck is not recommended, my friend, it is better to gamble reasonably so that something bad does not happen such as loss of self-control which allows us to allocate a lot of money to gambling without getting any results.

The thing is that you can predict what will happen often. Basically you can say that once every six times you throw a dice you will get a six.

Over time you will get closer and closer to this value. That's what odds are in the end.

But yeah, sometimes you will see a 6 three times in a row. You can't really predict that kind of thing.

[Peanutswar]

~snip~
That is luck because it only happens once in a while and cannot be predicted because if it happens often and can be predicted it is not luck. In my opinion, there is no need to be upset with gambling or with the defeat that occurs because it is something that is certain to happen, when you are upset it is possible that you have a desire to recover the loss and that can make everything uncontrollable. Everyone certainly wants to be lucky in everything including gambling, but in gambling forcing yourself to pursue luck is not recommended, my friend, it is better to gamble reasonably so that something bad does not happen such as loss of self-control which allows us to allocate a lot of money to gambling without getting any results.

The thing is that you can predict what will happen often. Basically you can say that once every six times you throw a dice you will get a six.

Over time you will get closer and closer to this value. That's what odds are in the end.

But yeah, sometimes you will see a 6 three times in a row. You can't really predict that kind of thing.

If there's a limited count of number there's a chance the outcome will show, we are using statistics and probability in that kind of game well even though its a large amount of numbers but the higher the number count the smaller the chance you will hit the jackpot or become a winner, its not even a zero at least a small percentage. But sometimes there are lucky enough people who manage to win every time they play which is we cant deny they exist. Now its up to you then if you will test your luck out there.

[shield132]

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!

His mistake was probably one of the best mistakes he had made. I have made similar mistake in gambling and benefited a lot. That's why I always say that gambling is about luck, not about building strategies. Why is it that newbies usually win? Because they don't know the game and play with pure luck. Once they understand the game, their brain automatically tries to build strategies to win the game but that doesn't work like that in casino's world because casino's games are built on mathematics. You can't beat math with math but you can beat it with luck.
I suggest everyone to not build strategies but instead purely rely on their luck. This way they'll have a higher chance of winning than by building strategies. How can strategies succeed when mathematically house has a privilege? Luck isn't called luck for no reason.

[iv4n]

His mistake was probably one of the best mistakes he had made. I have made similar mistake in gambling and benefited a lot. That's why I always say that gambling is about luck, not about building strategies. Why is it that newbies usually win? Because they don't know the game and play with pure luck. Once they understand the game, their brain automatically tries to build strategies to win the game but that doesn't work like that in casino's world because casino's games are built on mathematics. You can't beat math with math but you can beat it with luck.
I suggest everyone to not build strategies but instead purely rely on their luck. This way they'll have a higher chance of winning than by building strategies. How can strategies succeed when mathematically house has a privilege? Luck isn't called luck for no reason.

It's one of the best mistakes, but there were even better ones in the past... once I made over 10 LTC with little over 1 LTC balance. It was on Wolf, I created some strategy, but I forgot to set "reset after a win"... so the bet only increased. Luckily I was on a winning streak and stopped it in time... all that lasted maybe a little longer than 30 seconds. That's not the only time I have forgotten to set "reset after victory", a couple of times I have seen my entire balance disappear in less than 30 seconds.

I am not a newbie, I guess I can say I am far from that... I am just one of the people who like auto betting, it can be pretty interesting to have fun with different setups, especially if there are "expert settings.

I suggest everyone have fun with gambling, sometimes we will get lucky, and sometimes we will just bust our balance... gambling is full of ups & downs, and if someone is getting too emotional with this rollercoaster of feelings should stop gambling.

[Moreno233]

I have been involved with gambling for a long time but till now I have not won a lot of bets. Although I had a lot of experience, I could not win the bet only because my luck was not good in gambling i.e. experience was of no use to me. Although experience sometimes helps in sportsbetting, but in other sectors, especially poker, dice, experience does not help, here only luck has to be relied upon.

In the very moment a gambler runs out of luck with gambling experience becomes worthless more like a barking dog with no teeth to bite. It gets frustrating at that point in time while putting in to much efforts using  your wealth of knowledge and experience and still not getting any win, for something luck could give you effortlessly but for the lack of it we can simply be experiencing a near win syndrome which is actually a no win at all. But when luck and experience goes together it's always a different story altogether.

A gambler will always have a time that winning becomes easy and a time it will be difficult to win and I don't know if this is what you call luck. I have given it proper thought and it is not clear to me when luck begin to play a part. Is it when the gambler is selecting the games or when the games are already in play? If this can be know, then a gambler would have been able to do things that would increase the luck but unfortunately, the entry point of the luck is never known but only visible after the outcome of the bet. This is the reason the concept of luck is relative in gambling.

[TopT3ns]

I have been involved with gambling for a long time but till now I have not won a lot of bets. Although I had a lot of experience, I could not win the bet only because my luck was not good in gambling i.e. experience was of no use to me. Although experience sometimes helps in sportsbetting, but in other sectors, especially poker, dice, experience does not help, here only luck has to be relied upon.

In the very moment a gambler runs out of luck with gambling experience becomes worthless more like a barking dog with no teeth to bite. It gets frustrating at that point in time while putting in to much efforts using  your wealth of knowledge and experience and still not getting any win, for something luck could give you effortlessly but for the lack of it we can simply be experiencing a near win syndrome which is actually a no win at all. But when luck and experience goes together it's always a different story altogether.

A gambler will always have a time that winning becomes easy and a time it will be difficult to win and I don't know if this is what you call luck. I have given it proper thought and it is not clear to me when luck begin to play a part. Is it when the gambler is selecting the games or when the games are already in play? If this can be know, then a gambler would have been able to do things that would increase the luck but unfortunately, the entry point of the luck is never known but only visible after the outcome of the bet. This is the reason the concept of luck is relative in gambling.

In gambling, easy winning streaks and difficult winning streaks, give rise to issues regarding the influence of luck. While luck in gambling is a very particular factor that is hard to measure, it is accurate to argue that sometimes it is very hard to define when exactly the luck element is thrown into the mix. The type of game, the approach used during the game, and the characteristics of the game also influence the results but so does luck which is a factor that cannot be easily determined. This makes luck more like a relative thing which one cannot fully comprehend.

Also, luck is a sort of unpredictable since it is not known not only when and in what way the luck breaks can appear. Players can use different techniques and the ultimate result most of the time depends on the unluckiness factor. Therefore, luck is only understood when the result of a bet is displayed, and it can be said that luck is an integral and random factor in gambling. This makes it easier to understand that, unlike other games that success depends on dexterity and luck, often gambling is based on chance which plays a major role in the result.

[Makus]

In general, yes, I agree with what you said OP that in the end victory always depends on luck, or even though you have pretty good skills but if it turns out that luck is not with you when running a session then usually the results will be disappointing, but that doesn't mean I'm saying that skills and knowledge are useless, because in sports betting in particular, they are both useful things to analyze which is stronger between the two teams.

Wether we agee or not, luck has been had will continue to be the major determinant of a gambler's fate regardless of his experience or strategy. We've seen people who have very little knowledge about gambling go on to get massive winnings just because of luck and we've seen veterans of the game lose everything they possess just because of how unlucky they were. Like you rightly said, it's very important to have basic skills in gambling in other to be able to get winnings but if a gambler isn't lucky in his gambles, he's as good as a serial loser.

In gambling  luck is the major determinant of the status  of your bet results, be it loss or win. Experience is not a factor to determine if you'll  win or not,  experience only play a role in one's emotions or the type of selection you prefer to others. Majority of persons have tried using experience of gambling but the result  always proves them wrong indicating that luck  is the dominating factor in gambling. Knowing this alone should  help reduce gambling addiction and terminate the symptoms of addiction for a smart gambler. But most persons go ahead to gamble irresponsibly even with the knowledge of gambling being a game of lucks. Gamble with what you can afford to lose is the best advice to any gambler.