Types of gambling

Living in the 21st century we are blessed with opportunities to have all the accumulated knowledge of the past generations, Internet connection made it extremely easy to get access to the vast amount of information, games, hobbies, etc. But sometimes it is easy to get lost in such wide amount of information, that's why the Official Golden Reels Blog decided to figure out all the nuances about all types of gambling.

Chance vs Skills

So, let’s start, as we always indicate in our posts and articles, we are supporting only responsible gambling, which in turn means understanding the odds, risks and “the sacred geometry of chance”, each of our casino players should know how much time, money to spend and when to quit. But does it always depend only on you? In fact, not always, because there are two most common models of games: Chance-based & Skill-based.

Basic game types

Let's take a closer look at what is the difference, between those gaming models:

• Chance-based - to illustrate this better just imagine gaming types as playing the, roulette, lottery, gaming machines or even bingo. The results are always random. You can’t influence the outcome, it’s only the probability of chances, you will win or lose. And the most crucial aspect is that all players have an equal chance of winning or losing, it’s indifferent, who are you?! Newbie or skilled player with many years of experience.

• Skill-based gambling – yes, you’re right, to be good at that type of gambling you need to acquire special skills. What makes a true professional? Card games such as poker or blackjack, or betting on races heavily depend from your ability to count, predict, and analyse the current situation, your abilities and skills can influence whether you win or lose. So, the chances of winning are not the same for all players and the chances are always in favour for the experienced players. But let’s keep in mind that skills don’t always mean a ‘sure win’, still here we are talking about – gambling, not the laws of physics, so the outcome can never be ascertained. But let's face it otherwise it wouldn't be fun.

 Now after reading this article, we really hope that everyone can figure it out what type of gambling is more exciting for himself; what set of skills to develop and how to enjoy life and precious time!

Take it easy!