Luck: a dominant factor in gambling then skill.

[SamReomo]

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.

I agree with you, when it comes to games like dice, slots, crash/aviator, and other casino games of similar nature then luck is the only deciding factor. However, it's true that in games like poker one can use his talents and skills to increase the odds of winning the match. In poker skills do matter because without skills one can't win against other players.

[Dewi Aries]

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.

[Spaceman1000$]

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!

For this person, his losses are much and as such we cannot use only him to standardized the profit between skillfull or knowledgeable gamblers that win on a regular basis and lucky wins. This particular example will have been more realistic if there was a separate sheet displaying their results for people that are knowledgeable and skillful and those who gamble based on pure luck, so we can easily deduce which is more advantageous. However going by the result on this score sheet, this gambler needs to be more skillfull than wanting to predict and wait on luck, because the mistake he made to have won that particular bet and attributed it to luck, the question is how lucky is he going to be next time if he not strategic because that luck might come as a one time thing.

In gambling lick plays a vital role but should not replace skill and strategy.

[alani123]

Of course gambling is more luck based other than anything else. I'm wondering, are there still to this day people not aware of gambling being more about luck other than anything? Maybe some people believe in superstition but that still shouldn't take luck out of the equation. Because if it's not luck what would it be. God running a random number generator and fiddling with your seed based on how much of a naughty boy you were or not?

If we start believing into gambling like this might as well believe in santa.

[Casdinyard]

Don't know if luck plays a larger part than skill or odds, or if it even plays a role at all since luck isn't even something that is proven to be real in the first place (no empirical evidence) so to rely upon it or to even take it into account when gambling is just something that is a little bit irresponsible to say the least. I think you attribute luck to odds, which is easily tweaked by the casino cause they can just play the house edge whenever and however they want. If you win it, you're lucky? And if you don't you're not? It's just simple statistics, no divine intervention or higher power trying to play its role on you.

[Weawant]

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.

I agree with you, when it comes to games like dice, slots, crash/aviator, and other casino games of similar nature then luck is the only deciding factor. However, it's true that in games like poker one can use his talents and skills to increase the odds of winning the match. In poker skills do matter because without skills one can't win against other players.

Luck is usually the main factor of consideration for many casino games but the problem has always been gamblers not seeing it as true enough especially those who consider themselves experienced, they make the mistake of trying so hard to feel like their skill and experience is so dependable that its almost al they need to succeed gambling, they will later find out how this algorithm are built and discover they were just lucky and nothing more because this thing is built in such a way that the house edge is tops and it changes and overwrites at very close intervals so when you think you have mastered it enough, then you end up finding a new sequence which will mean that you experience and skill i gradually failing but if you are a lucky person alongside your skill the win is usually big.

[Wakate]

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.

I agree with you, when it comes to games like dice, slots, crash/aviator, and other casino games of similar nature then luck is the only deciding factor. However, it's true that in games like poker one can use his talents and skills to increase the odds of winning the match. In poker skills do matter because without skills one can't win against other players.

When we take a look at casino games, we would know that luck is a very important factor for us to keep winning anytime we decide to gamble. Although it is only in games that the result is not determined by a system or algorithm that is not likely to be based on luck. Luck is an important factor for us to keep winning anytime we gamble to earn more from a casino. If we are fans of casino games then we are going to understand more about having luck in gambling. Gambling itself is based on luck even their are some  games we could have decided not to bet on but due to error or mistakes of betting on such games, we could be surprised to see huge winning which is the way gambling actually works.

[junder]

Luck is usually the main factor of consideration for many casino games but the problem has always been gamblers not seeing it as true enough especially those who consider themselves experienced, they make the mistake of trying so hard to feel like their skill and experience is so dependable that its almost al they need to succeed gambling, they will later find out how this algorithm are built and discover they were just lucky and nothing more because this thing is built in such a way that the house edge is tops and it changes and overwrites at very close intervals so when you think you have mastered it enough, then you end up finding a new sequence which will mean that you experience and skill i gradually failing but if you are a lucky person alongside your skill the win is usually big.

saying luck is the main important factor in gambling in my opinion is the most appropriate, because indeed all gambling involves luck besides that luck is what determines whether the player will win or lose with the bet he made. what you said is true, there are indeed some stubborn gamblers where they force themselves to continue betting to get a win with the strategy they have so that it is proven that the strategy they have is reliable. unfortunately that only makes them forget that luck has a big role in gambling.

the gambling that exists is different, some gambling only depends entirely on luck and some gambling there are also those that do base their players to have the skills to do it, unfortunately in my opinion a lot of what happens is in gambling like slots that depend entirely on luck but there are still people or players who insist on getting big wins with the skills or strategies they have. even when they win I think they will think that it happened because of the skills and strategies they have not because of luck.

[Tmoonz]

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

Gambling is all about luck i don't need a foreseer to tell me that I should not put my hope on the fact that I am conversant with a particular gambling game or I am good at predicting in gambling. The truth is if we spend so much effort in analyzing games before we gamble or we do not pay any attention and choose a random pick. The result of wining is all based on luck and not our knowledge, experience or intellectual.

I could say is some worth 70, 30, in the case of luck and skills, undoubtedly luck gives the highest percentage considering the fact that skills can as well gives certain level of guide thou it doesn't give any guarantee but whichever way it is one must explore the level of skills and experience he or she has gotten in gambling thou luck has the major role to play, it is more to say that luck has the finals say as regards to the the possible outcome which can not in any way be compared to completely relying on your skills as a major determining factor towards achieving your expected outcome, the logic should be that one should exercise his or her skills and allow luck to have the final say.

[michellee]

When we take a look at casino games, we would know that luck is a very important factor for us to keep winning anytime we decide to gamble. Although it is only in games that the result is not determined by a system or algorithm that is not likely to be based on luck. Luck is an important factor for us to keep winning anytime we gamble to earn more from a casino. If we are fans of casino games then we are going to understand more about having luck in gambling. Gambling itself is based on luck even their are some  games we could have decided not to bet on but due to error or mistakes of betting on such games, we could be surprised to see huge winning which is the way gambling actually works.

Luck will be the important factor that will determines us to get win or lose. Without luck, we will lose our money and it is difficult to recover our losses. But sometime, we can win the games coincidence and that will be because of our luck comes in the right time.

We can not predicts when our luck comes and even if we continue playing gambling, that doesn't means we can win. We can lose more money if we can not holds ourselves and prevents more losses. We can only have fun in the gambling games without thinks and hope that we can win.

After all, we playing gambling for have fun and not for chase the win. But playing a gambling game based on luck will difficult to win because we need luck to win. While we can not predict when our luck come, we must limit our money so we will not lose too much money.

[pawanjain]

I don’t think accidentally placing a bet and winning is an expression of luck. That’s just stupidity that happened to work out in an unexpected way. Luck, is just the expression of beating the odds and when it comes to gambling the odds are against you (with the exception of low odds events) so if you win against the house, you are technically getting lucky.

You can call it stupidity that he didn't check his bet before placing it but either way he was still lucky to win the bet.
So in a way you should be calling it luck because that's why he won the bet isn't it ?
It "worked out in an unexpected way" because of luck.

[EarnOnVictor]

-snip-
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.
-snip-

Your narration further proves that gambling is not a respecter of anyone and it doesn't care whether you are a new or an experienced gambler, nor is your mistake recognised by it. When it wants to bless you, nothing can stop it and the same goes for when it wants to punish you. This is typically true for the casino branch of gambling, it works based on an algorithm so what is coded in it must be bet against by luck. So if you are lucky, good is for you, otherwise, you will continue to lose.

According to Investopedia, it could be worse to the point that "a one-in-5,000 to a one-in-about-34-million chance of winning the top prize when using the maximum coin play." I pity those who are desperate and fix their minds on the money to be made in casinos.

[Jawhead999]

If people doubt luck is a dominant factor in gambling, they should try playing the same games, in the same sites, and with the same multipliers. Don't only gamble for one or two sessions, instead keep gambling for many many sessions and see the results.

If we start believing into gambling like this might as well believe in santa.

Unfortunately there are so many people believe in this kind bullshit superstition.

[Pandu Geddon]

You can call it stupidity that he didn't check his bet before placing it but either way he was still lucky to win the bet.
So in a way you should be calling it luck because that's why he won the bet isn't it ?
It "worked out in an unexpected way" because of luck.

luck never knows whether when placing a big or small bet. I think he just bet and really tried his luck. I even saw my friend who bet the same nominal and continued the round without paying attention to skills. coincidentally after a few rounds, he got his luck.
luck does come unexpectedly. anyone who has experienced this must believe that in gambling what needs to be relied on is their luck. expertise may be part of understanding how they manage bets wisely.

[Betwrong]

If we are talking about Dice, luck and only luck is the factor there. Not the main factor, but the only factor in achieving a good result. I won with 0.1% win chance in dice so many times, I can't even remember how many. And if you think of it, it's a bit crazy to bet with that win chance, right? So, there's no rational thinking involved.

[Gheka]

When we take a look at casino games, we would know that luck is a very important factor for us to keep winning anytime we decide to gamble. Although it is only in games that the result is not determined by a system or algorithm that is not likely to be based on luck. Luck is an important factor for us to keep winning anytime we gamble to earn more from a casino. If we are fans of casino games then we are going to understand more about having luck in gambling. Gambling itself is based on luck even their are some  games we could have decided not to bet on but due to error or mistakes of betting on such games, we could be surprised to see huge winning which is the way gambling actually works.

Luck will be the important factor that will determines us to get win or lose. Without luck, we will lose our money and it is difficult to recover our losses. But sometime, we can win the games coincidence and that will be because of our luck comes in the right time.

We can not predicts when our luck comes and even if we continue playing gambling, that doesn't means we can win. We can lose more money if we can not holds ourselves and prevents more losses. We can only have fun in the gambling games without thinks and hope that we can win.

After all, we playing gambling for have fun and not for chase the win. But playing a gambling game based on luck will difficult to win because we need luck to win. While we can not predict when our luck come, we must limit our money so we will not lose too much money.

Indeed, even if we have a skill that surpasses our opponents, in most battles, one unlucky day will turn us into a clown and end up at the bottom of the rankings, this is not a theory without evidence, just look at combat sports where opponents have relatively equal skills but a moment of carelessness can mean a devastating defeat. The gambling environment emphasizes the element of luck more because the development of skills is only within a certain framework, without a formal training, it is just a skill that is perfected through the process of losing, even if you practice for a long time, it still cannot overcome the element of luck when it is the top requirement to win in gambling.

[hedgeh0g]

Indeed, even if we have a skill that surpasses our opponents, in most battles, one unlucky day will turn us into a clown and end up at the bottom of the rankings, this is not a theory without evidence, just look at combat sports where opponents have relatively equal skills but a moment of carelessness can mean a devastating defeat. The gambling environment emphasizes the element of luck more because the development of skills is only within a certain framework, without a formal training, it is just a skill that is perfected through the process of losing, even if you practice for a long time, it still cannot overcome the element of luck when it is the top requirement to win in gambling.

Still, experience and improvement of some skills and deep understanding of the game affect the player's result in the end. The fact is that luck is the most important factor and a player who is frivolous about the game, but is more often lucky than an experienced player, will win more, but you need to understand that luck cannot be constant. Luck comes and goes, so it is better to do things that will allow you to simply lose less than the average player. Still, you can't mindlessly place bets, you need to try to come up with different strategies, communicate with players, share experiences, stay cool in different situations, even losses.

[Peanutswar]

With the given info it seems he got a good luck because imagine the number of losses streak with the dice but again its just a small amount and then hit a good jackpot but base on the take imagine the number of bets with low amount and then he makes a large amount of bet a the same time hit the jackpot if he knows the number of probability to take a win I guess its a pure skill but its hard to conclude its kindly hard to say because the win is also the large amount. So for me its a skill and luck for now not until he makes a data given how he manage to win or just he make a continuously roll of bet.

[LUCKMCFLY]

The game in question is dice, so we all know that this game is based on luck. He was just lucky to mistype the x75 and got it right. There's no other factor on this but pure luck, there's no strategy on this to achieve such results. So you don't need to overthink when it comes to this type of game. You are just stressing yourself if you will pursue this game deploying your tactics.

In this regard, we as players know very well that dice games are very good for applying many strategies,  I am very fond of this , because since I started in the world of gambling, the first thing I started to look at are dice games and yes, it is very simple, dice are pure luck , those strategies that we pick and win are that, luck at the right time, what I do not advise when Playing dice is that you apply the martingale, that is the only thing.

[mirakal]

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.