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Question: Which one is more risky? Skill-based gambling or trading?
Skill-based gambling
Trading
Both of them have same risk
I don't know
I don't care

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Author Topic: Which one is more risky? Skill-based gambling or trading?  (Read 9350 times)
ETFbitcoin
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October 27, 2016, 03:48:35 PM
 #1

I often see that people prefer skill-based gambling such as poker or sportsbook because they think it's more profitable than trading.
But, people say that sports can be manipulated by mafia/casino for their own good.

So, which one is more risky? Skill-based gambling or trading? I think both of them have same risks because both of them could be manipulated, unexpected things could happen and many more.

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October 27, 2016, 04:30:38 PM
 #2

It is true what you already have mentioned that every market is manipulated by whales. They are real controller of the trading markets similarly sports gambling events are manipulated whether are simple or skilled base games. I think risk is something which plays its role very actively in everything. Trading is much more risky in stock markets you can see lot of examples.
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October 27, 2016, 05:09:02 PM
 #3

Both are considered risky to me but definitely not at the same level (gambling is way more risky). In gambling , It doesn't really matter how skilled you are because you will lose (maybe not the first time or the second but you will eventually and that's the case for every gambling game , require skills or not). In trading however , as long as you use your brain and invest in coins that have a true value (not simply a clone of another coin with no real purpose or value) like MAID , Synereo etc... . Take Bitcoin for example, someone can't lie , there is some manipulation sometimes but does that manipulation screw Bitcoin ? It doesn't because there is a lot of users, because a lot of services accepts it and use it for a purpose so It's a matter of time to recover from big whales dumping or pumping .


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October 27, 2016, 06:04:29 PM
 #4

both needed skill to do so and also have the same risk for me because even though you have good skill in the particular gambling games or trading but that would not guarantee will so easy to get profit from that and as you could see even the results not manipulated by mafia or casinos but in sport betting we will found plenty unpredictable results who makes your bets lost and in trading also not so different because i believe huge traders with huge amount of capital money could manipulate the price and if we incorrectly predicted the price movement it's possible to losing your money with very fast
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October 27, 2016, 06:07:36 PM
 #5

It is difficult to measure which is more risky, because we can't calculate the trading house edge, but we can know house edge of skill based gaming, or margin of sportsbook.

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October 28, 2016, 06:40:32 AM
 #6

it depends on who is doing them. if you have equal level of skills in both of them, then skill-based gambling is riskier than anything else because it is gambling after all.

but if you have no skills in either of them or have minimal skills then both are equal and have the same risks because you are gambling in both fronts.

also don't ever forget that in gambling you lose all the money you put in a bet but in trading if the price goes down you can pull out and depending on when you pull out you can prevent losses altogether.

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October 28, 2016, 06:52:44 AM
 #7

It is true what you already have mentioned that every market is manipulated by whales. They are real controller of the trading markets similarly sports gambling events are manipulated whether are simple or skilled base games. I think risk is something which plays its role very actively in everything. Trading is much more risky in stock markets you can see lot of examples.

That is very true. Nowadays no one can predict any sports game results accurately due to a lot of match fixes. So at the end these skill-based games also need only luck to win. Trading still there are chances of making a profit if you go for long trade instead of a short-term trade. So I prefer trading is better than skill based games to bet.


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October 28, 2016, 06:53:58 AM
 #8

I would say trading is more risky, especially in the highly manipulated altcoin market.

If you are not an insider, you will miss out on most of the really good gains and fight for scraps or even fight to prevent a big loss.

Skill based gambling really does give you an edge, so it should be profitable in the medium-long run if you know what you are doing.
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October 28, 2016, 07:53:17 AM
 #9

I often see that people prefer skill-based gambling such as poker or sportsbook because they think it's more profitable than trading.
But, people say that sports can be manipulated by mafia/casino for their own good.

So, which one is more risky? Skill-based gambling or trading? I think both of them have same risks because both of them could be manipulated, unexpected things could happen and many more.
As You Said Above that Sports is Manipulated By Some  parties For Their Own Good And Also Here Trading is Also Manipulated By Some Big Whales....
So I Think that Trading and Skill Based Gambling Games Have Same Risk....
But its Your Choice You Want to Try Out Trading Or Gambling.....
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October 28, 2016, 08:00:53 AM
 #10

I often see that people prefer skill-based gambling such as poker or sportsbook because they think it's more profitable than trading.
But, people say that sports can be manipulated by mafia/casino for their own good.

Who said that? It's not what others think. Generally, both are profitable in terms of "long term profits". I can't see any reason why strategy based are more profitable than trading or vice versa. It depends on people how will they handle their preferred gambling type.

And yes games can be manipulated but that isn't a case most of the time. It's not always happening. International games have some protocols about that since that is prohibited and can result for a termination of all the parties involved.


So, which one is more risky? Skill-based gambling or trading? I think both of them have same risks because both of them could be manipulated, unexpected things could happen and many more.

Yes both has risk but with proper handling and analyzation, we can get decent profit in the long run. Yes we may still lose while on journey since it's normal but what's more important is, we are getting many wins than losing.

Can't applied my statement to altcoin trading since it's most of the cases of pump and dump are because of those big whales.

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October 28, 2016, 08:30:27 AM
 #11

Skill based gambling and trading is also required same skills to pick the right coin there, than I am also pretty sure about this both have same risks there, I am very active on both format and I can share my experience that is really hard to make profit from them.
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October 28, 2016, 08:43:42 AM
 #12

I often see that people prefer skill-based gambling such as poker or sportsbook because they think it's more profitable than trading.
But, people say that sports can be manipulated by mafia/casino for their own good.

So, which one is more risky? Skill-based gambling or trading? I think both of them have same risks because both of them could be manipulated, unexpected things could happen and many more.
According to Me Gambling Has More Risk as Compare to Trading Because Gambling Is a Shit Game Based On Luck and Here Your Knowledge and Experience Doesn't Work But In Trading You  Need Knowledge and Experience to Earn some Big Money And Also There is a Big Difference Between Trading and Gambling That Gambling is Not a Business And Trading is a Business.......

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October 28, 2016, 08:50:47 AM
 #13

Both have  the same risk of  lossing  money  skill based gambling   and   trading  but  i could really say that  trading  is   much away  better than  doing   those  skills  based   gambling  i suppose  OP is referring to   sports betting for sure . In trading  you could   maximize   your  profits   and   diversify  your  money  to coins which  do have  potential  and could  able  to give you  profits that  you cant  get from sports  betting. The  disadvantage  though  in trading is the waiting time  compare  to gambling which  the results  are  more way faster.



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October 28, 2016, 08:53:11 AM
 #14

To me, gambling have more risks than trading. But when it comes to trading:

Trading what pairs?

To me btc/usd have more risks than usd/gold trading. If you trade 2 reliable currencies, you don't have any risks at all. For example; usd/eur trading. There is Europe on the one side, and USA on the other side. Both are the big powerhouses. Same with gold. You cant lose with those. Bitcoin exists because of its supporters, if they are gone there will be no more bitcoin. That's a big downside for bitcoin that it doesn't have a government to back it up. (Also its biggest advatange)



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October 28, 2016, 09:14:23 AM
 #15

I agree that both can be manipulated, but in regards to sportsbook manipulation, it happened a lot previousely, and many players and coaches admitted that, the last admission came from Harry Redknapp on hidden cam. I think that can happen only in unimportant matchs, otherwise manipulation might destroy soccer and other sports.



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October 28, 2016, 09:48:10 AM
 #16

I often see that people prefer skill-based gambling such as poker or sportsbook because they think it's more profitable than trading.
But, people say that sports can be manipulated by mafia/casino for their own good.

So, which one is more risky? Skill-based gambling or trading? I think both of them have same risks because both of them could be manipulated, unexpected things could happen and many more.
One: There is no such thing as skill based gambling. I mean, even in poker, you need the odds in your favour to win. I mean, what if the opponent obtain an ace ace as his/her first hand and you have a 7 - 2 off suit? If you win in this situation, you have to be incredibly lucky or you opponent must be the worst ever. Even in this situation you are relying on luck.

However, trading is not in the extreme of gambling. Gambling rarely requires any skill. The only skills one needs in gambling is to stop when the time is right and not bet high. Trading can be highly profitable if you know your stuff. My trading you can learn a lot of things and over time increase your profits, as you gain more experience. This is not the case for gambling.

This is my opinion. I know that many people do not agree with me, but I also know that many more people do agree with me.
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October 28, 2016, 09:56:35 AM
 #17

I often see that people prefer skill-based gambling such as poker or sportsbook because they think it's more profitable than trading.
But, people say that sports can be manipulated by mafia/casino for their own good.

So, which one is more risky? Skill-based gambling or trading? I think both of them have same risks because both of them could be manipulated, unexpected things could happen and many more.

I think both of them have the same risk. In terms of manipulation both of them can happen either in sports and poker, or trade. actually when it comes to manipulation I think poker is probably the only one that has no problem, if you choose carefully where you play. Of course that sports betting should be safe to if you go for major leagues. As for trading there is always some risk because of speculation, you never know for sure when things will go completely wrong, because big sharks where manipulating the market.

If you don't take into consideration manipulation, then I think it all depends of your bankroll management rules, and skills, so in that case they are all the same for sure.

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October 28, 2016, 10:05:33 AM
 #18

I voted "Both of them have same risk" because I really think so. What is a "Skill-based gambling" anyway? Aren't all the gambling addicts considering their gambling "Skill-based"? And I have the same thoughts about trading or skill-based trading if you want. No one can really tell you which one is more risky because both of them have pretty high risks.

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October 28, 2016, 10:10:32 AM
 #19

Both them has same risk and they are difficult for be predicted, but on trading we can do cut lost and on gambling we can not do it, that is why i always played gambling just for fun and not for active income.
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October 28, 2016, 11:15:37 AM
 #20

Both them had risk when you are in gambling there are more high risk that you gonna face because in just a minute you can lose bitcoins when you are in betting section and if you are just there to just entertain people and get some good idea before place a bet then it is really good to have some good profit too and in trading you gonna buy coins and wait for the week to pump it before you going to sell it.

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