Luck: a dominant factor in gambling then skill.

[bangjoe]

Luck is subjective

Another way at looking at the user in the OP is that he won only 1 out of 20 spins!

IMO in games and rounds like Blackjack and Plinko for example Skill plays no role,
its about luck, its about pressing a button, rolling a dice or pulling a lever. In sports
betting there is more skill involved, there is a certain amount of knowledge and
research ability required.

I think luck is not subjective but random, there is no definite rule that someone will be lucky in betting.

I also believe that, the game on some rounds such as in slot games that it is entirely based on luck and let the machine run, while in soccer betting there are ways to increase the possibility of getting a win, with analysis and others to take into account but the luck factor also cannot be separated from soccer betting as well.

[betswift]

Luck is subjective

Another way at looking at the user in the OP is that he won only 1 out of 20 spins!

IMO in games and rounds like Blackjack and Plinko for example Skill plays no role,
its about luck, its about pressing a button, rolling a dice or pulling a lever. In sports
betting there is more skill involved, there is a certain amount of knowledge and
research ability required.

I think luck is not subjective but random, there is no definite rule that someone will be lucky in betting.

I also believe that, the game on some rounds such as in slot games that it is entirely based on luck and let the machine run, while in soccer betting there are ways to increase the possibility of getting a win, with analysis and others to take into account but the luck factor also cannot be separated from soccer betting as well.

Yep, somewhere odds can be calculated more, somewhere - not at all, but luck is in them both.

[Juse14]

I also believe that in gambling luck is a crucial factor that cannot be separated, although skill is important but luck is above all. A gambler can win his gambling and get a jackpot of 1 million dollars just by relying on his luck, while with skill you can't definitely get it. Especially in games that rely on luck, there is no need to rely on skill because what you need is full luck here, no matter how my skill is if your luck is shit then you won't get anything.

Luck is a key factor in gambling, more so in gaming activities that are 100% dependent on luck. Having said that, I think depending on luck alone is not all that ideal. Skill still commands a considerable percentage; particularly in games of strategy like poker or blackjack. In such games, the right choices can increase winning odds even when luck is not entirely favorable.

Luck can get you enormous wins such as jackpots, but skill will enable a player to live long enough and reduce the chances of getting losses. Therefore, while luck can land you in good fortunes fast, proper skill will maintain you there or at least reduce your losses when luck is not favoring you. Hence, in the gambling world, a balance of the two is ideal.

[Zoomic]

Gambling is always luck, dunno why would someone call it skill based, ok there is some skill involved in sports betting but luck is determinant factor there too.

People who often argue that gambling involves some level of skills are actually referring to sports betting. There is no argument against the fact that luck actually plays out in all games in gambling, but skill is still neccessary to enhance their winning and minimize risks too. When I talk about skills, I am talking about the knowledge you have about that particular sport and your ability to use that knowledge effectively.  No one can accurately predict consecutively even with the most relevant information at their disposal but with consistency, luck will shine on them some day.

[betswift]

Gambling is always luck, dunno why would someone call it skill based, ok there is some skill involved in sports betting but luck is determinant factor there too.

People who often argue that gambling involves some level of skills are actually referring to sports betting. There is no argument against the fact that luck actually plays out in all games in gambling, but skill is still neccessary to enhance their winning and minimize risks too. When I talk about skills, I am talking about the knowledge you have about that particular sport and your ability to use that knowledge effectively.  No one can accurately predict consecutively even with the most relevant information at their disposal but with consistency, luck will shine on them some day.

And if we are talking about gambling, in my opinion, skill is about self-discipline and limits, and things like that. It's not about that you know the odds that are coming, but you know and do act wisely when something too good or bad happens. That's the true virtue.

[Findingnemo]

It can be told in a lot of different ways but the fact is we can't control the outcome of these events that leave us with the fate or luck or whatever the hell we want to call it.

There is actually no skill involved in gambling, especially casino games we basically click a button and everything happens on it own and for us to win then everything that might supposed to happen at right time.

And about this unintentional win, God works in mysterious ways.

[bering]

Looking at to the picture on OP i can see it that he was used martingale strategy for playing dice which this strategy is very popular to used for most of the gamblers who playing that game and i can see understand why he suffering 18 consecutive lost because he targetting x75 pay out which this is mistyped because previously he want to setting 2.75x pay out

But the most interesting is he didn't realize he had set the wrong setting until he won the bets right before his money balance ran out however as far i know 75x pay out on playing dice has less than 2% of winning chances and if he can able to win his bets from this payout i think it's clearly 99% luck because i am sure this thing won't be happened twice and not required skill to do that

[serjent05]

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.

If you are talking about the game of chance then it is 100% luck.  There is no skill in that kind of gambling game but it is debatable when it comes to sports betting.  In sports betting, I believe that it is more on skill in analyzing the match component.  Of course sometimes the game is affected by a random factor but people who are knowledgeable on the sports they are betting have more winning record  in their bet history.

And about this unintentional win, God works in mysterious ways.

Lol, those religious people who see gambling as a bad thing will be offended by your statement  .  For me it is just a probability or chance, he is lucky enough to hit that huge win.

[stompix]

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.

In casino games it's all fully 100% luck, there is no skill that can help you with predetermined bets.
I'm surprised some people talk about skill and strategy when they play dice or slots, common, there is no such thing, you're lucky or not, just as with the lottery, you might stumble upon a situation where temporarily your "strategy" aligns itself with luck and winning but this will not prevail long, randomness will turn it 180 degrees sooner or later.

If we talk about other games, like blackjack and poker, yeah, we obviously have luck there as well as you won't beat others while constantly having bad cards, but at least here there is a thin about skill, unlike slots where you can earn with no skill this becomes almost impossible in poker.

And then we have sports, of course, it's about luck but again, at least here you have options, you can hedge your bets, you can apply strategies where you spot discrepancies, and most importantly you can apply your knowledge of the players/teams. Luck will obviously be a factor but again, this is a part of gambling where not knowing what you do will definitely come and bite you and your pocket.

Anyhow!!!!!
He was playing some sort of martingale strategy but mistook the multiplier,  this is only a way to lose money in the end, of all gambling strategies this is the one that has been proven a billion times to be a money pit.

[betswift]

It can be told in a lot of different ways but the fact is we can't control the outcome of these events that leave us with the fate or luck or whatever the hell we want to call it.

There is actually no skill involved in gambling, especially casino games we basically click a button and everything happens on it own and for us to win then everything that might supposed to happen at right time.

And about this unintentional win, God works in mysterious ways.

..And we do like it if he works like that Luck is always there, no matter the case, you are right.

[Huppercase]

Luck: a dominant factor in everything then skill, hard work, money, etc etc.

A rich person who invest all the time to work on his 100 businesses, can fail. But, a poor person who gamble all or nothing by starting a business using all of his savings, end up being successful.

As long as you gamble for fun and you only gamble what you can afford to lose, you will be fine despite you're bad luck person.

If you want to go far in life, you will need skill because luck doesn't help you win frequently, it's just more like an offer that comes ones in a blue moon and after that period, it can take your forever for such opportunity to come again, it's the luck that will now keep you going continuesly until anytime lucks comes again.

Your example doesn't really also apply in most scenario, you can gamble and still win nothing. You can start a business and still fail, but an experienced person will know and understand how to move his things even in difficult times. A person that has been in a business for many years will understand how to run his business even in the dark days but a person who doesn't have the skilled or experienced might find it difficult to get out of such situation or may even fold up. Life happen you know and I will pick skillls and experience over luck any time.

[Onyeeze]

If winning gambling was mainly bu skill and knowledge I don't think their will be gambling company because many companies will run out of money because gamblers will get the best skills and knowledge to make sure they win every game they stake. Gambling is all about luck which you can't predict,  though having gambling skill and knowledge is important but it is not a guarantee for one to win gambling easily.  The skill and knowledge only helps gamblers to know how they should gamble to reduce the risk of losing money.  Gambling is a game of luck and for those who understands this they play gambling with ease with the money that they can afford to lose.

It's clear to average gamblers that wining in the gambling is not about knowledge, because if knowledge is the skillful way people gambles and win I don't think that they will be some who will lose in gambling because everyone will like to at least pass the information of strategies to apply to win gambling, I know very well that wining of gambling is something that comes from luck not by knowledge, I agree with your suggestions because I have not seen someone who follows someone's method of gambling and gamble to win, what I will advice evèy gamblers is not to be greedy in gambling and don't gamble more than your available funds and gamble with what you can afford to lose

[salad daging]

It is clear that luck is most important, especially playing with dice there is no skill at all so the winning factor is due to luck including he made a typo but accidentally he won with a high multiplier if he wins it means luck factor.
Even games that require skills such as Sports, Poker still have a luck factor, so it will not be 100% due to skill because I believe that gambling has a bigger luck factor.
Well even though there are gambling games that have skills but the odds are still 50/50, it won't be more than that.

[swogerino]

I think you are confusing games of luck with games of skill first.You cannot call dice a game of skill,it is completely random meaning it relies 100% on luck and that is you are going to lose in the long run guaranteed by the house edge put in place exactly to do that,to make sure casinos are in profit in the long term.Even in games of skill though like poker or sport betting,luck is a determining factor as for example you need a good pair of starting cards in poker or you need the cards shown down to match your cards in order to win.The same in sport betting,you need a great analysis and despite that luck is still going to decide what happens.

[Ultegra134]

You've quoted a photo of the outcome of the HI/LO Freebitcoin's game, and I'm now wondering: What skills does it require? You're simply clicking HI or LO. Since when does clicking on the two available options require any skills? Not to mention that all but one bet has resulted in a win, which, from the looks of it, can outnumber all losses but still doesn't prove a valid point regarding what's most important. Gambling is purely coincidental, except for some games that require a combination of both, such as card games, roulette, and sports betting. Other than those, it's 99% luck-reliant.

[Cantsay]

Damn, this is so much loss. I wonder how he keeps up with the motivation to continue gambling hoping to win someday.

I don’t know about the previous games he played but that one win you saw on that image has covered for all the loses there and even with some profits.

Back at the Op, when it comes to gambling sport bet could use your skill but when we’re referring to casino games then it depends on luck - I am not sure if skill accounts for even up to 1% of it (if we’re counting if the person knows how the games works) but in terms of winning it’s a luck based game, if skill was useful you’d have seen so many people creating different telegram group claiming that they are teaching how to not lose again in gambling (trust me people would have done it if skill was really that important/helpful in casino based games).

[Davidvictorson]

What is luck? Luck in my estimation is when skill meets advantage. This type of advantage is a once gambling life experience. If it happens often, it is not luck but cheating. Winning in gambling is not luck it's making involve some levels of skill mixed with the correct strategy . A person like Drake cannot be lucky in gambling because he is lacking in skills and proper strategies which results in constant losses.

[betswift]

Damn, this is so much loss. I wonder how he keeps up with the motivation to continue gambling hoping to win someday.

I don’t know about the previous games he played but that one win you saw on that image has covered for all the loses there and even with some profits.

Back at the Op, when it comes to gambling sport bet could use your skill but when we’re referring to casino games then it depends on luck - I am not sure if skill accounts for even up to 1% of it (if we’re counting if the person knows how the games works) but in terms of winning it’s a luck based game, if skill was useful you’d have seen so many people creating different telegram group claiming that they are teaching how to not lose again in gambling (trust me people would have done it if skill was really that important/helpful in casino based games).

Totally true Luck is key, but another key, in my opinion, of course, is the virtue of patience and self-discipline. It can be thought of as a skill, or not by some, however, it still brings many pros for those who are in control of themselves.

[The Cryptovator]

Skill on the casino? Especially on Dice? I don't think so. The dice game should depend totally on luck. How would skill help to win there? It's not betting where you can predict. Like when you watch too many cricket games, you may gain some knowledge and skills about what will happen. At least from the idea and there is possibility to become true your idea. But for casinos, I believe it totally depends on luck. You can just roll or click; other than that,  you can't apply your skill here. 

[Obari]

I agree with you op that luck is a dominant factor in gambling because we’ve seen cases where very big odds still end up winning a game and there have been stories here where people losing incredible amount of money even on very small bets.
One thing I’ve always noticed amount gambling especially with football is that, it’s mostly provably fair and as such result can’t be easily manipulated and the result of a match is always uncertain even to the players because a lot can still happen in a minute or even less than a minute and that’s what keeps making the game a very interesting one.
Regardless of all I’ve said, I stand with op to say that gambling is more of luck and experience than skills.