Another observation about luck-based games that a new gambler with an interest in them has to know is that they have the potential to make you, as a gambler, spend more money gambling than skill-based games.
What do you think?
I will agree with your observations here that luck based games can make a gambler spend more money because while playing, one would feel they are almost at the brink of winning a game and they would feel they should try maybe luck would shine on them and they begin to play again and again. I have had this experience and it is just natural that such keeps repeating itself often and often. But one thing gamblers should know is that when it comes to playing of games, be it a skilled game or not, there must always be a winner and a loser and as such, should always have it in mind to gamble for fun.
Yes, it makes sense because with skill based games for example cards, if you don't get the right set of cards you know that you are about to lose.
Hence you don't increase your betting amount but the opposite is for luck based games.
With each bet you think that you are about to win and you increase the bet amount but eventually you lose.
Luck based gamed are always like that, you would always think of the chances you stand in winning a game after several trial of near win and would want to continue trying your luck to see if your winning is near and this makes you want to keep playing the game to see if you could win the game but it just ends up at the other side of it all but sometimes it works for those who luck shines on to win but sometimes too it is just like that.
As a smart gambler, you just have to gamble with funds you could afford to lose, gamble for fun and be disciplined when or while gambling. Do not gamble beyond your budget for a game and stick to your proposed game time whether you are winning or not, do not exceed your gambling time. Be matured enough to control your emotions while gambling.