By: fallen angel

Yes it does. And I’ll tell you why. (Refer to Daily Tips: How to increase your luck for context)

Basically, the principle of the tip is that with more practice, the more “lucky” you get. You may ask, “How does that make sense? No matter how much I practise, I don’t think it made winning the lottery any easier! And of course, if I practise something a lot, I’ll get good at it. That’s not luck!”

True. But, the statements made above are too widely scoped, and doesn’t take into account of the different scenarios that luck can fall on.

There are many situations that luck can come into play in determining the outcome, and these situations are made up of 2 elements: element of chance, and element of skill. Situations that are mostly made up of element of chance are called Game of Chance, and situations that are mostly made up of element of skill are called Game of Skill. The thing is, although there is Game of Chance that has elements of skill, there is no Game of Skill that has no elements of chance.

Point is, every situation somehow involves chance, but not every situation involves skill. Confused yet?

The graphic above illustrates that everything involves element of chance, and out of those, there are only some that involves element of skill.

An example of Game of Chance are the lottery, while an example of Game of Skill are sports. Oh by the way, did anyone catch the grand opening of the Olympics? If you didn’t, catch the rerun! It was excellent!

Back to the topic, now that you know the difference between Game of Chance and Game of Skill, the other thing that you need to fully understand is that both of these involves chance, or in other words, luck. The amount of luck that is involved vary from game to game, for example, in a game of snooker between pros, there’s very little luck involved. In F1, you might think it’s a game of skill, but there’s plenty of luck involved. The car may have engine problem, flat tyre, etc. In a game of poker, it involves both skill and luck, if you’re lucky, you may win big a few rounds, but a pro can outlast and outwin you if you stay long enough. The pro knows enough how to harness the element of luck in his favour so that over the long run, he will come out positive.

So, basically, in nearly everything, luck is involved. Life itself involves the element of chance. And that is why knowing as much as you can about this luck thing is important.

Next, I will share with you how to equip yourself with the knowledge and skill needed to harness the luck element and increase the odds in your favour. Stay tuned!