I see luck as the dominant factor of gambling. Cause if it is not luck, then everyone would have be part of it, and if the gambling sites are always giving out money to all those using the sites for gambling, what's then their purpose of starting it up as business, rather, it would have been taken to be a charity home for everyone to have a piece of cake.
If we take it to football predictions, predicting for the both teams could be more pleasing as one will definitely come out as the winner. Either one of the team wins or draws.
Although it is true that luck plays a major role in gambling success, this does not imply that gamblers should choose at random when making predictions. Performing a thorough analysis of games prior to making predictions is still crucial. This is significant because it will assist the gambler in lowering the degree of risk associated with his wager.
For example, a gambler can use analysis to learn about a player's fitness, a team's probable lineup, and the significance of the game for the team. These facts can lower the risk associated with gambling by assisting a gambler in making well-informed predictions.
When it comes to trading, one tries all possible analysis, using available materials that has been made to help against losses, but yet, news has more effect to determine what or where the market directions goes. This doesn't mean the analysis was wrong, it means even with well analyzed analysis, if the market will turn, your analysis won't stop it from doing so.
This same thing comes in for gambling. Gambling has no proved analytical tools to surely say this will go this way or the other way round. If luck is on your side, you'll end up having wins at the end of the game, but if it's the other way round, no matter how tactical, the game will turn against your favor. Outside luck in gambling, there's probably no wins, and I'm sure that real
So, for gambling, if your not a real time gambler, don't ever use what you can't afford to lose to gamble.