Luck: a dominant factor in gambling then skill.

[Kelward]

Gambling is based on luck, despite your years of experience and the skills that you've acquired, it'll all come down to being lucky to win. If gambling were not based primarily on luck then we'd have career gamblers that'll be making steady income from it. Anybody that is coming into gambling with the aim of learning winning skills will be disappointed because you can't stop lose in gambling. When you place a bet you don't have any influence to give the outcome that you want, even the teams or individuals that you're betting to win doesn't know whether they'll win. Although learning how to analyze games in sports bet is helpful to but it doesn't guarantee wins.

[satscraper]

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.

Maybe you are right at the discussion turned to  the rolling  dice online but at the physical crap table the skill may be a dominant factor. I knew the man who was throwing dice like a devil. I have observed  many times  the technique he demonstrated  at local casino. His tosses were perfected  and going the same way all the time. His hand grip  remained the same each time before his toss. Speaking from personal observations he won more than often. Thus, skill do matters when it comes to some kind of offline gambling.

[Rabata]

Gambling is based on luck, despite your years of experience and the skills that you've acquired, it'll all come down to being lucky to win. If gambling were not based primarily on luck then we'd have career gamblers that'll be making steady income from it. Anybody that is coming into gambling with the aim of learning winning skills will be disappointed because you can't stop lose in gambling. When you place a bet you don't have any influence to give the outcome that you want, even the teams or individuals that you're betting to win doesn't know whether they'll win. Although learning how to analyze games in sports bet is helpful to but it doesn't guarantee wins.

Agree ,luck has a big influence in gambling. Sometimes one can win surprisingly one bets without any research. But there is no way to say that we will win by relying entirely on luck. As we know that some people make their living through gambling which we know as professional gamblers. If luck played a major role in winning, those gamblers would not have had the opportunity to consider gambling as a profession. So those who have skill and experience along with luck will win more in gambling. In gambling, a gambler has to make bets using combination of two things that is luck and experience.

[Porfirii]

I don't think iv4n's case can be taken as a case study. I hope we could, but a stroke of luck like the one mentioned is not common, and that is why it has been so much talked about. Typical cases are thousands of times more frequent, but nobody talks about them (who cares if I simply lost x75 several times?).

Back on the thesis of this topic, there are studies (I can't find right now) with calculations on the extent to which luck or skill are dominant factors according to different games. For example, we could say that chess is almost 100% skill, poker is more skill than sports betting, and dice or slots are almost 100% luck.

So, we cannot generalise about luck vs. skill as dominant factors in gambling in general, but we should study each game in detail.

[serjent05]

Luck is 70 or 80 percent while skill is the rest, you need to have a great deal of luck to be successful in gambling. This days all I do is learn the rules and how to play if it's a game I haven't played before and after that the rest is luck. Also In sport betting you may follow the odds, do all the analysis but it still boils down to having a great deal of luck in other to be successful at it .

Yep, lady luck is present everywhere for the most part, and takes most of the spotlight with it Each of us decides for himself how to react to that and how it affects our experience.

Well, luck is an overused term for an event that is hard to explain.  It is used if the situation's result is beyond an individual's acceptable reason either it is positive or negative which refers to the chance of a thing happening. But in the scientific view, luck is viewed as probability since it relies on the randomness that depends on the chance of happening. It is not something like a special force or something that leads to making things happen.

In this point of view (luck as the probability of things to happen), I would agree that gambling or anything in this world, luck is a dominant factor since even having a skill, it will still fall under the probability of things happening.

But if one uses luck as a predominant force for things to happen then I completely disagree.

[Charles-Tim]

Back on the thesis of this topic, there are studies (I can't find right now) with calculations on the extent to which luck or skill are dominant factors according to different games. For example, we could say that chess is almost 100% skill, poker is more skill than sports betting, and dice or slots are almost 100% luck.

If you are playing the game with someone, that is skills but if you are playing it against a casino, that is not skills. Also if you are good in Ludo, Blackjack or other card games but you are playing it with someone, that is skills. Most pokers on gambling sites are in a way people are not competing with the house but competing with another person. I have not seen chess before on casino site. Although I gave not bothered to check about it. I will make findings about it but I have not heard about such before.

[Mr. Magkaisa]

Gambling is based on luck, despite your years of experience and the skills that you've acquired, it'll all come down to being lucky to win. If gambling were not based primarily on luck then we'd have career gamblers that'll be making steady income from it. Anybody that is coming into gambling with the aim of learning winning skills will be disappointed because you can't stop lose in gambling. When you place a bet you don't have any influence to give the outcome that you want, even the teams or individuals that you're betting to win doesn't know whether they'll win. Although learning how to analyze games in sports bet is helpful to but it doesn't guarantee wins.

           -      That's also what I believe: that gambling is really lucky, whatever your reason is, whether it's a hobby or not, so you think the source of income always leads to the lucky win.

That's what I noticed in more than a year when I play gambling: just because I used to gamble is limited to my gambling experience.

[Dr.Bitcoin_Strange]

There are casino and sport game that actually requires an experience gamblers to make more success compare to if a newbie is betting on same games, the newbie might not win too much like an experience gambler but despite those disparities, gambling majorly depends on luck compare to the required skill but it is actually good to have a good skill too and pray to be repeatedly lucky. It's possible for a newbie to try their luck and surprisingly they can win their bet but if a skilled gambling make their own prediction, they could lose.

[coolcoinz]

Some people call it luck, others, those with scientific approach say it's just a mathematical probability. However you call it, it's 99,9% of your win in most situations.

I'd argue there's no skill in play unless you play an actual skill game. For instance if you play darts for money you're going to rely on skill, but there's no skill in online dice or slots. It's all luck!

[aoluain]

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.

I agree that luck is random but my point about it being subjective is that
the mistake the person made while making the bet was just a mistake,
others claim he was lucky but if you look at all the losses he made he actually
wasnt lucky with his picks and then on the flip side he was lucky that the mistake
happened to cover some of the losses.....different ways if looking at the same thing.....

subjective

[TheUltraElite]

We can all agree that @iv4n got lucky here.

There is no denying that luck will overpower skills because that teeny tiny luck factor of 0.01% is enough to turn the tables and make the person win big or lose big. That is what happened here, the luck factor hit them and they won a big amount.

As compared to other cases where Martingale like approaches are done, the losses keep increasing wiping out the balance and the player loses, that is when luck does not intervene.

[dothebeats]

Just yesterday, I was playing slots from JILI. I deposited $5 becausw I was bored and just running down the clock at work before I go home. Managed to get that $5 to $175 and cashed everything out. It was a pretty surreal experience given that I have no intention to win, just kill time. Lo and behold, I managed to get my expenses for two weeks in just 20 minutes.

It's pretty amazing how luck contributes to wins. While the algorithm governing the game controls most of what's happening, no one can tell for certain on whether your session will result to a win or not.

That post is purely luck. iv4n relied everything to his autoplay settings, but in reality, it can always go either way at gambling.

[ralle14]

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

I only agree if it's about casino games, the other forms of gambling have a higher skill contribution than casino games because there are ways and factors to reduce how luck affects most of our bets.

For example, in sports betting, there's a strategy called arbitrage betting and the idea is that you'll place a bet on both sides of the match while coming out with a small profit. This strategy could get you limited by the sportsbooks, still, the opportunity to go for that strategy will always be there as the odds slightly differ from certain sportsbooks.

[Nwada001]

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.

No doubt luck usually comes into play in securing one's winning in gambling, but it's not in all games that luck plays the major role. Like you are suggesting, 98% of our chance of winning is based on luck, which can only be applicable on games that don't require any skill to predict them; you only have to depend on your luck and see what it will bring you that very day, just like what happened on the dice game the user on your OP played. In sports betting, skill and luck share a 50/50 percentage in securing winning.

[danherbias07]

In casino games yes. In sports betting, half. You still need some luck there but it's mostly knowing the statistics of a player or a team and the other stuff that you need to research about them.

Congratulations to him.
I had my share of mistake amounts in my bets but I never got lucky with them. There was a time when I input an amount in cryptocurrencies lacking 2 zeros and I was shocked that my balance was going so low very fast and that's when I realized I made a bad mistake. After that, I always make sure that I count all the zeros especially when you are betting high-valued cryptocurrencies like Ethereum and Bitcoin.
He got lucky but this is a chance that is hard to repeat.

[Adbitco]

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!

What i understand here is that winning comes when least expected it and you would be shocked to see that you have the winning. But often times we always prepare to win something big focusing our mindset to the amount that we would win instead just to play, and of course it's always said that a gambler should be expectant even though not what we think but we must expect that we winning bet but not totally depending on a huge amount. That is, while gambling we shouldn't focused on our life problems putting them into gambling whereby we would think 100x to 1000x of our multipliers.

Weeks ago, I was playing around stake.com and I was shock to see that I won roulette will little amount I stake, but was saying had in mean I increased my wager I could had won big. I said to myself this is where greed comes so I remain within my limits.

[darkangel11]

In casino games yes. In sports betting, half. You still need some luck there but it's mostly knowing the statistics of a player or a team and the other stuff that you need to research about them.

Congratulations to him.
I had my share of mistake amounts in my bets but I never got lucky with them. There was a time when I input an amount in cryptocurrencies lacking 2 zeros and I was shocked that my balance was going so low very fast and that's when I realized I made a bad mistake. After that, I always make sure that I count all the zeros especially when you are betting high-valued cryptocurrencies like Ethereum and Bitcoin.
He got lucky but this is a chance that is hard to repeat.

I think that it's much less than that. In most situations luck has 100% influence on the outcome of a game of chance.
It's more about the type of game you play than whether it's a casino game or not.
The way I see it, PVP games - at least half of it is skill.
Poker - the same
Blackjack 80% luck
Dice/slots/crash/roulette 100% luck.

[yahoo62278]

Luck is probably 75% of the equation depending on the game and skill can make up the other 25%.

In games such as dice, slots, or crash you are relying mostly on luck as you have no way to control the outcome. Games such as poker or table games you cannot control the outcome of the cards that will come, but you can bet and make your betting become a factor in a hand. I believe this pushes the edge closer to 50% luck 50% skill especially in poker.

[Saint-loup]

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?

It depends of the game you play, and the period of time you consider I would say. In the very short term, luck is heavily determining while in the long run your skill will overcome your luck even if it's bad, at some games. For example, at Poker, Blackjack or sport betting(or roulette maybe) if you have some good skills or strategy you are likely to make profits on the long run but you in the short term you can easily go bankrupt if your bankroll risk management is not efficient enough.

[Ruttoshi]

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.

Maybe you are right at the discussion turned to  the rolling  dice online but at the physical crap table the skill may be a dominant factor. I knew the man who was throwing dice like a devil. I have observed  many times  the technique he demonstrated  at local casino. His tosses were perfected  and going the same way all the time. His hand grip  remained the same each time before his toss. Speaking from personal observations he won more than often. Thus, skill do matters when it comes to some kind of offline gambling.

Rolling a dice physically is based on luck and not skills, because there is no skill that will make you roll two six often. Table game is also based on luck more and not skills because your luck will deepend on the card that you pick.

If some games are more of skills than luck, it means that we will have more people that are winning everyday and it will be possible for there to be a gambling school were someone can go and learn to become a professional and earn a living with gambling.