0
$ £
pkirfan_pak10
NewbieNewbie
Joined: 17 Jan 2016
Posts: 2
Thanks given: 0
Thanks received: 1
17 January 2016 - 3:00pm

Does Skill Work?

6 replies • Last post

I was seeing this Section and saw many people saying that your Skill Work mostly in Gambling, Yes There are a few types of games where skill can also play some role, but in most games, skill plays absolutely no role. . Independence of events, Randomness and House Advantages are the most important concept in the gambling that one Should have Knowledge when you are gambling.

Let's look at where skill does, and doesn't, come into play.

Games Based Purely on Chance
(No Skill element)
1. Lotteries
2. Scratch tickets & break-opens
3. Spinning reel games on slots and VLTs
4. Roulette
5. Mini-baccarat
6. Craps
7. Keno
8. Raffles
9. Dice

The results of these games are produced purely by chance - skill plays absolutely no role. There is nothing players can do to become "better" at these games. Each result is chosen by a random generating device, such as a roulette wheel or a random number generator on a VLT, and each result is completely independent from all the other bets.

Games Based Mostly on Chance
(Some Skill element)

Most of the games that fall into this category are card or sports-based games:

1. Blackjack
2. Pai Gow poker
3. Casino-based poker games (3 card poker, Caribbean stud, Texas hold 'em bonus, etc.)
4. Sport Select®
5. Sports pools
6. Horse racing
7. P2P

In these games, there is some room for players to apply their skill. While skillful players may be able to keep their cost of play to a minimum, the gambling operator will still always have a house advantage.

The reason that skill can play a role in these games is that players must make decisions that can affect the outcome. Players who make bad decisions will win less often than players who consistently make good decisions.

1 member gave thanks for this useful post: coolsongss

krcoolsongss
Slots FanSlots Fan
Joined: 2 Dec 2014
Posts: 1348
Thanks given: 871
Thanks received: 612
18 January 2016 - 2:09pm
#1

Oh, thank you very much for this post !!! Smile

usbarbadosslim93
Forum Angel
barbadosslim93's picture
Location: Michigan
Joined: 28 Jan 2011
Posts: 9413
Thanks given: 561
Thanks received: 695
18 January 2016 - 7:06pm
#2

That is definitely accurate, although luck plays a high role in any of those games regardless, especially online. Take for instance blackjack, where you can play using proper strategy but the deck is shuffled after each hand (it does occur in online games). That makes it impossible to count cards or use some of the tried and true strategies employed at land casinos.

That being said, I always consult the Wizard of Odds strategy sheets when playing a game online. Smile

1 member gave thanks for this useful post: hope777

bgsharpe
Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 3513
Thanks given: 1129
Thanks received: 363
18 January 2016 - 10:39pm
#3

I think even in those games which requires some skill still the luck playing the biggest part of it or at least in most of the time. I like to bet on sports for example and I believe some skill or knowledge is needed and useful but sometimes when I'm in really long loosing streak I feel that whatever bet I place it will be a loosing one. Call that skill Joking

ruNin Wayne
Card SharkCard Shark
Location: Nairobi and Moscow
Joined: 2 Jan 2016
Posts: 102
Thanks given: 6
Thanks received: 35
28 January 2016 - 2:11pm
#4

nice post and I agree with it mostly but, Sharpe, I believe in sports betting, skill (mostly in the form of knowledge) matters a lot. For example in football, the more you follow a league and teams the higher your chances of winning. Basic thing like home advantage matters a lot in football

bgsharpe
Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 3513
Thanks given: 1129
Thanks received: 363
1 February 2016 - 11:47pm
#5
Nin Wayne wrote:

nice post and I agree with it mostly but, Sharpe, I believe in sports betting, skill (mostly in the form of knowledge) matters a lot. For example in football, the more you follow a league and teams the higher your chances of winning. Basic thing like home advantage matters a lot in football

For me this is true just on paper mate. My biggest wins had always been on a leagues that had never even been televised. Like Iceland 3rd and 4rth football leagues for example. The knowledge could work against you as well.

ruNin Wayne
Card SharkCard Shark
Location: Nairobi and Moscow
Joined: 2 Jan 2016
Posts: 102
Thanks given: 6
Thanks received: 35
2 February 2016 - 11:27am
#6

There's knowing Chelsea's first eleven and their wags and objectively analysing them...I agree with you that knowledge can work against you but that's due to the fact that most televised games are really opinionated (subjective) and full of hype! on the other hand betting on Iceland's 3rd and 4th leagues that's just pure gambling...it's like gambling on a three faced coin(win loose or a draw) (am assuming you are not icelandic)

Share this