When gambling what do you measure? Luck or chances?

[qwertyup23]

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I believe people who gamble on sports may understand this better since sometimes in sports betting some gambler's prefer to go for the smaller odds that usually have a higher winning chance and sometimes they can still end up a losing game however some prefer to go for the big game with big odds and smaller winning chances.

What's usually your pick as a gambler since sometimes some persons are luckier than others?

When I used to gamble back in college, I often pick gambling on online games which provides skins as the currency of their platform. A specific example here would be Dota 2 and CSGO since these games have this item called "keys" where you could open crates for a chance of getting a super rare skin.

Given that keys in those games have a price of $1.99 back in 2014 onwards, it was used as the main currency in betting between games and other tournaments. Additionally, as someone who also played those games with so much time invested, I could call myself as an "expert" when it comes to betting against teams since I have an idea which team would most LIKELY win.

The question is- is it called luck, strategy, or skill? I would definitely answer it as a little mix of both given that there were countless of times where the underdog defeated Goliath in an upset matchup.

[laijsica]

Slot games are good for testing luck and I like to play them but I don't play them regularly. I feel more comfortable betting on sports because I try to be a little knowledgeable about those teams and spend time there. Even if I don't get the benefits I want, those bets don't disappoint me.

Some gamblers may be random and they bet on games to test their luck but those gamblers should choose slot games to test their luck. There is an advantage in being a gambler in small chances because they can gamble easily and affordably and gain experience. Even if every stage of losing or winning does not meet their expectations, through experience, they can develop themselves into mature gamblers.

[Tipstar]

Different gambling activities have different chances attached to them and when I mean chances I am referring to the probability you have for actually win the bet or hit the jackpot in games like crash and slots. This is basically because sometimes unrealistic bets can sometimes play out as a win and some other times bets that have a high winning chance can eventually become the losing bet.

I believe people who gamble on sports may understand this better since sometimes in sports betting some gambler's prefer to go for the smaller odds that usually have a higher winning chance and sometimes they can still end up a losing game however some prefer to go for the big game with big odds and smaller winning chances.

What's usually your pick as a gambler since sometimes some persons are luckier than others?

When doing sports gambling, what I tend to look are game that I'm comfortable with, the ones I believe I could predict. When there are such games, I look for odds that feels suitable. When there are odds over 1.75 which I'm comfortable with, I bet my base amount on it. For other bets that are highly likely but low in odds, I parley them to reach upto 2. I parlay upto 5 small odds outcome for it. The amount I bet is my base bet. I rarely go over my base bet but when I'm much more confident and have a few loss to cover, I go x2 or x5 of my base bet occasionally.

[viljy]

Different gambling activities have different chances attached to them and when I mean chances I am referring to the probability you have for actually win the bet or hit the jackpot in games like crash and slots. This is basically because sometimes unrealistic bets can sometimes play out as a win and some other times bets that have a high winning chance can eventually become the losing bet.

I believe people who gamble on sports may understand this better since sometimes in sports betting some gambler's prefer to go for the smaller odds that usually have a higher winning chance and sometimes they can still end up a losing game however some prefer to go for the big game with big odds and smaller winning chances.

What's usually your pick as a gambler since sometimes some persons are luckier than others?

It is impossible to calculate the odds in slots, because it is like a "black box" about which only RTP and the maximum multiplier are known. The odds can be known in advance in roulette, as the game is completely transparent to mathematics. Based on this, various strategies are used. For slots, the more spins there are, the greater the chance of getting a big multiplier that will outweigh the House Advantage. However, the stakes are small (because the bankroll is limited). You can make big bets in roulette, because there is no point in a large number of spins (this works for House Advantage). If we draw an analogy with betting, then I would rather prefer high odds. A small chance of winning can be increased by several bets of this kind. At least it's more interesting than betting on favorites all the time.

[cryptomaniac_xxx]

Different gambling activities have different chances attached to them and when I mean chances I am referring to the probability you have for actually win the bet or hit the jackpot in games like crash and slots. This is basically because sometimes unrealistic bets can sometimes play out as a win and some other times bets that have a high winning chance can eventually become the losing bet.

I believe people who gamble on sports may understand this better since sometimes in sports betting some gambler's prefer to go for the smaller odds that usually have a higher winning chance and sometimes they can still end up a losing game however some prefer to go for the big game with big odds and smaller winning chances.

What's usually your pick as a gambler since sometimes some persons are luckier than others?

It is impossible to calculate the odds in slots, because it is like a "black box" about which only RTP and the maximum multiplier are known. The odds can be known in advance in roulette, as the game is completely transparent to mathematics. Based on this, various strategies are used. For slots, the more spins there are, the greater the chance of getting a big multiplier that will outweigh the House Advantage. However, the stakes are small (because the bankroll is limited). You can make big bets in roulette, because there is no point in a large number of spins (this works for House Advantage). If we draw an analogy with betting, then I would rather prefer high odds. A small chance of winning can be increased by several bets of this kind. At least it's more interesting than betting on favorites all the time.

That's why it is said that slot is the worst kind of game for us, because of RTP and the odds are pretty much against us except maybe when you have all the luck in your side. The thing is that it's one of the most played games as the attraction is visual and audio and we all know that as humans we have that kind of liking. And so maybe when we play slots we just rely on our luck to win big or at least risk everything in just a couple of spins and see how it goes. Of course, we prefer high odds, so perhaps games like baccarat or black jack might suit us. I also love to play roulette, high adrenaline, but if there will be games that I would regularly play then it will be baccarat + strategy and you might end up winning big.

[Free Market Capitalist]

When gambling what do you measure? Luck or chances?

Measuring “luck” in casino games is meaningless. Otherwise you wouldn't gamble. In the long run there is no luck, so you will lose money. And in the short term the results are random, so you won't be able to measure anything.

I believe people who gamble on sports may understand this better since sometimes in sports betting some gambler's prefer to go for the smaller odds that usually have a higher winning chance and sometimes they can still end up a losing game however some prefer to go for the big game with big odds and smaller winning chances.

What's usually your pick as a gambler since sometimes some persons are luckier than others?

Sports betting is a skill game, and there it can be “measured”.

From this thread, as from another one I just replied to, I gather that most people don't understand how gambling works in general, even if they have some idea of concepts like HE, for example.

[Fuso.hp]

First of all, if I am asked how much money I gamble with, I will say that my gambling money is not very much and I have a limit of money every day, so if I lose money continuously, I have no chance to gamble with extra money. I think this is the best decision of my gambling career and I will maintain this decision in the future. Secondly, I never want to rely directly on luck and chance in gambling. I always try to play related gambling where I can apply my skills or where the outcome of the gambling depends on me to some extent. That is, you can call me sports betting. There is an advantage to betting on sports, if I have an idea about a good team, then if I bet on that team, there is a chance of getting some return on my money.

[junder]

Slot games are good for testing luck and I like to play them but I don't play them regularly. I feel more comfortable betting on sports because I try to be a little knowledgeable about those teams and spend time there. Even if I don't get the benefits I want, those bets don't disappoint me.

Some gamblers may be random and they bet on games to test their luck but those gamblers should choose slot games to test their luck. There is an advantage in being a gambler in small chances because they can gamble easily and affordably and gain experience. Even if every stage of losing or winning does not meet their expectations, through experience, they can develop themselves into mature gamblers.

I love slot gambling, and yes, this is the type of gambling I enjoy playing. I just seek pleasure and wait for luck to be on my side and give me a win. But the ridiculous thing that still exists among my friends who enjoy slot gambling is that some of them still rely on winning strategies, such as patterns they set to lure out big multipliers and get them. I don't really believe in that because I just want to play and wait for luck to be on my side, that's enough, and there's no excessive behavior.
So I prioritize luck over chance. Even if I've already won and for example, if my friend says the game is good and suggests continuing, I still make my own decision.

[Finestream]

I believe people who gamble on sports may understand this better since sometimes in sports betting some gambler's prefer to go for the smaller odds that usually have a higher winning chance and sometimes they can still end up a losing game however some prefer to go for the big game with big odds and smaller winning chances.

Although betting on the small odds has a higher chance of winning, it still doesn't guarantee winning. It was just the same as betting on the higher odds with a small chance of winning.

We all have to believe that gambling always needs luck to win, no matter what it is. We can't rely on our skills and experience because that won't be enough for us to get a favor.

We all just remember that no matter how long we've been gambling, luck is still what we need to win.

[jackpotmaster]

I mostly go with the higher odds with the bets that I make. And that is a combination of thinking that I might be lucky to win those matches and as well as I am taking chances. I'm not just betting blindly without doing some little bit of analysis. So, for me the measure that I do are both but if there is only one choice to make. I am taking my chances. What if the chance that I am lucky with those high odds that I am about to bet will win? 
People might get confused to that and say that there is not that much difference for both of them. But as a gambler, we know that at most times we just take chances.

Well I think this can be more entertaining if you are truly playing for fun. Many people say that they are playing for fun but they are just lying so that they don't admit what is actually going on. I also sometimes like to make a very weird ticket and then observe what happens, that is much more interesting than just playing mostly on favorites and expected outcomes.

[coin-investor]

You cannot measure luck; it's action-dependent. You can have bad or good luck depending on the outcome. You can only measure your chances in sports betting because you can analyze them, and if luck does not have its way. You have a good analysis, so you can measure your chances.
In gambling, you can only do so much based on your capacity; however, luck is something you can't measure.

[purple_sparkles]

I measure my bets lately by the desire to have fun. I stopped watching statistics, because it is addictive and the effect of entertainment and excitement is lost. I used to like betting in order to earn money, but when you delve into all the statistics and analysis, you start following the games and cannot relax. At the moment, there is enough tension in my life without betting, so I do not create additional stress. But I can’t say that I completely rely on luck either, no matter what, a quick and cursory analysis is still carried out.

[DYOR+BTC]

Both luck and chances plays vital roll in gambling so writing off any is not supposed to be done in gambling. For example Chelsea Vs PSG club world cup final, who could possibly predict Chelsea to win with success margin  yet the unexpected happened, so gambling requires both factor to yield positive results and never underestimate any to avoid much lost while gambling

[l3pox]

As a slot player, I prefer luck. Chance certainly has strong influence on the outcome of our bets, but as we all know, gambling is actually more about luck. Even if we have 99% winning chance, we can still lose when we experience the remaining 1%. Remembering how my friend had a bad experience because he was too fixated on the chance, he played "Slide" on Stake.com, made x1,1 & bet $1000 on it, do you know what he got? the result came out was x1,08 .

interesting I usually prefer skill games where luck plays a role but you can improve and get better over time
this way I can see the arch of improvement and see how I was at the beggining and what I became
it's nice

with luck I feel like somehow you get the stories and experiences but stays in the same level.

[nara1892]

It's true that each game has different odds, like sports betting and casino games, for example. In sports betting, a gambler can choose odds that are measured according to their betting courage. However, in casino games, there's nothing you can measure. Everything depends on luck, and that luck can never be measured. You never know how lucky you are at a given moment. You never know if you could have won much bigger if you had continued playing at that moment.

I'm one of those gamblers who prefers casino games over sports. There's no way I can measure anything to even get an indication of a win. I usually stop when the first win occurs.

Luck is a fickle thing, and when you play you don't know what you'll get, but with chances you can choose the odds you want, or get a big parlay with a small bet that can bring you a big win. Although in reality I do this very rarely, for me it's better to choose an event in which I'm confident and get a small win and satisfaction from the win, than to hope to get a big win someday.

That's the problem. Luck is a volatile thing. We never know when it will come or go. This is why a gambler must have the skill to stop at the right time. Overall, it's more enjoyable to bet on sports because we can see the odds and adjust them to our abilities and courage, even though winning is essentially speculative.

I, like you, prefer small wins to hoping for significant, yet elusive wins. The point is, gamble according to your abilities and beliefs without any coercion from anyone.

[YOSHIE]

What's usually your pick as a gambler since sometimes some persons are luckier than others?

In my view two definitions between opportunities and luck in gambling activities have differences, I personally if it is more guided by luck.

The reason: Opportunities for me are more directed to the probability that I use before I place a bet, meaning I still judge that opportunity as a characteristic or impossible, an analysis or prediction that I do, is not perfect.
But if I am guided by luck for me that is a real gambling, because I am dealing with the game, where I can not be separated from the result of a coincidence or good fortune, Although the opportunities that I believe can win, but the nature of my chances can be wrong, the results of my bet are based on the results of coincidence or good fortune, luck is what I often experience.

[Crypto Library]

Both luck and chances plays vital roll in gambling so writing off any is not supposed to be done in gambling. For example Chelsea Vs PSG club world cup final, who could possibly predict Chelsea to win with success margin  yet the unexpected happened, so gambling requires both factor to yield positive results and never underestimate any to avoid much lost while gambling

You are right, in the match you mentioned, most people expected PSG to win, but the opposite happened, which basically proves once again that gambling is completely based on chance, whether it is on slot games or in sports games.

However, while this is true, I would also like to say that if you have analysis skills, you will definitely have a slightly better winning ratio in sports because the matches you mentioned above do not always happen.

[mindrust]

I measure fun.

As long as i am having fun, it doesn’t matter if I lose really. I make my bets, go watch games, my adrenaline levels rise, my heart pumps faster, i get excited and then it is over… I make my next bet and experience all one more time.

Most people can’t understand this as they are obsessed with making money from gambling. Whenever I see a guy like that I only ask one question: “If you want to make money why don’t you get a job?”

[Moreno233]

I don't try to measure luck or chances because these are not measurable by themselves, instead I count each time I'm able to make decent and withdrawable winnings as a lucky day and every other day as normal for gambling. I don't believe that luck is what govern every aspect of gambling because skill is involved in a lot of game that I have interest in. This is why the idea of luck is relative for me and why I don't dwell so much in it else I become too mythical in my gambling approach.

[ralle14]

At first, it was the chances, or ways of winning, because I still viewed gambling more seriously back then. Now, my priority is on the fun side, and how much entertainment I could get out of my bets rather than chasing wins that could potentially ruin my day by sheer bad luck.

Others might say it's cope, but there's always more to it apart from winning, and usually, you'll get to that point after you've gambled for quite some time. If I have to give an example, it's similar to an arcade trip where you rarely get anything back, but still make the most out of it and have a good time.