When is Gambling Like Investing

[pinkpanther03]

Gambling is never like investing if the tables are turned against you. It will always just be fpr fun and to try to win a fortune to spend on all the nice things you want. Ga!bling and investing are totally different

I agreed, but sometimes we cannot handle the mind of the gambler in terms of their principles in gambling, especially if the person is really addicted unto it. Even we say so many times they won't listen at all as long as his/her belief was differ than yours. But I know majority of the member in this forum believed gambling is different in Investing.

[coinplus]

I know majority of the member in this forum believed gambling is different in Investing.

If all the gambler will be having same opinion on treating gambling for investment, I believe this gambling industry would have gone into next level of upgrade. But only very few people are going for gambling as an investment and all others are just using gambling industry similar to amusement places.

But we cannot be sure that they are all getting their success as we can see some people are making profits from gambling and some people are finding good entertaining times with gambling. As long as they are finding good time with gambling is an investment for refreshment or for making fortunes.

An investment may not give only financial returns, some investments are entitled for giving pleasures, gambling investments may be one of them.

[Botnake]

Gambling is never like investing if the tables are turned against you. It will always just be fpr fun and to try to win a fortune to spend on all the nice things you want. Ga!bling and investing are totally different

I agreed, but sometimes we cannot handle the mind of the gambler in terms of their principles in gambling, especially if the person is really addicted unto it. Even we say so many times they won't listen at all as long as his/her belief was differ than yours. But I know majority of the member in this forum believed gambling is different in Investing.

We have to believe because that is the real definition of gambling, it's risky to think that gambling can also be an investment because the odds are always against you and you need a bunch of luck to succeed.

Maybe at first look we will be tempted to see it as an investment due to the fact that there are other people who are making fortune in gambling, however we were one sided, we only look at the brighter side when there are more people who's destiny is opposite to those who makes a fortune. Some get's bankrupt and live in the street because of that aim in life.

[raven7886]

Gambling is never like investing if the tables are turned against you. It will always just be fpr fun and to try to win a fortune to spend on all the nice things you want. Ga!bling and investing are totally different

I agreed, but sometimes we cannot handle the mind of the gambler in terms of their principles in gambling, especially if the person is really addicted unto it. Even we say so many times they won't listen at all as long as his/her belief was differ than yours. But I know majority of the member in this forum believed gambling is different in Investing.

Not really ! I am not addicted to gambling and I can suggest you some genuine ways of profiting from sport betting, for example take arbitrage betting where you find different sportsbook providing different odds, in short both the sportsbook provide opposite odds and you just bet on both the teams.

This way you can never face loss, how can you say that addicted people feel like gambling can be profitable, even the non addicted ones think that way my mate.

[dunfida]

This two things are contradicting to each other and cant be considered since Gambling is purely playing on a certain game and we dont know such thing about an investment that do involves playing but when we are talking about playing our money on the gambling house bankroll then it can be considered since you are on the house side.

[geopolisch]

Gambling is never like investing if the tables are turned against you. It will always just be fpr fun and to try to win a fortune to spend on all the nice things you want. Ga!bling and investing are totally different

Gambling can never be like investment, because it is a game of relax to anyone in gambling sites. To some others it is a kind of fun and entertainment only nothing else.

Whether it is entertainment or fun but as long as people gamble with real money ( bitcoins, cash, fiat,etc ) there has to be a financial aspect related to it. You won't find any single gambler who can happily say that he lost 0.05 bitcoins today and he had fun.

Why ? Simply because fun and entertainment themselves comes from winnings. And investment in gambling can be like there is a group of specialist gambler and we invest under them.

[Supercrypt]

When there's no process of evaluation, that's gambling

Investing itself is a gamble. Investing is not just all about profit and fun. It has also risks especially where to invest and if that site is profitable or not.

But investment means that you are not just participating in a race where you start from behind as compared to others. I mean in gambling you start from behind, since the house holds the edge but in trading, investing you hold the edge in your favor and though there are chances to loose and win but at least we are doing to best to minimize the loss.

[SvenBomvolen]

I love gambling and I play gambling daily, especially I like poker. It's never any kind of investment. I don't count myself addictive, but when I look on the rusults of my game - I didn't win any good money for more than 6 months already. When I just started I could win like 200-300$ in some games and I got such prize almost monthly. Now all my games just looks like a trying to reach the previous success again.

[coinplus]

Well for me every time that I send some money to some gambling site I think of it as an investment,
So if I win I will just consider it as my profit to my investment and if I lose I will just think of it that my investment got scammed.

Your way of thinking about gambling is completely wrong. No one is forced your to gamble then why you think that gambling site is scammed you if you lose? Because in gambling both winning and losing is part of the game so you should consider that before playing. Also gambling is not a investment because we should play with small amount these games only for fun and entertainment and not to make an easy money out of these games.

Actually he is not wrong, anyone who deposits money in a gambling site basically dreams of winning. And you said that gambling can have loss and win, tell me one single investment that guarantees you profit only and no chances of loss ?

I can't think of such investments at all. There is risk associated with each investment and with gambling the risk is high but so are the profits.

[doomistake]

I'm not a fan of gambling by itself, but instead as a way of studying and learning about other things.  For instance, I'm sure that if elderly people kept playing card games, it would help keep their minds alert.  Studying poker involves studying human nature and probabilities.   There are other aspects like studying risk in gambling, which is like studying risk in investing. 

Does anyone have any examples of how gambling is like investing?

Gambling is gambling and Investment is investment, It doesn't mean you deposit on your bankroll its called investment, of course not! You deposit because you are ready to lose in the games, while in investing your thinking for a long term profit not a short term earnings.

i agree with this, its different and we should know this although both is related between each other. but in my mind, gambling is something that we do with money involve and its not like investing which investing is we put our money into the house and we expecting to get profit with them.

Money is involve in this two, gambling and Investing. The only difference is that in gambling, we invest our money to know if we are going to win or not, while in Investing, we invest our money because we know that we are going to have profit from it in time. Though, in gambling and Investment, there are risks that we need to consider. In gambling, only risk here is that either we lose or not, while in Investing, either we are going to be scammed of not.

[pinkpanther03]

why would you invest, I think a lot of gambling game that looks easy enough you play it

well for me, I think gambling become like investing when I do gamble then I win in the game several time then I instantly quit in the games for what I'm gonna do on my winning amount is I am going to invest it to buy some altcoins and bitcoin so I had a better to do on my winning  amount came from gambling. So that's  investment came from gambling.

[CODE200]

In my own point of view it will be to impossible to say that gambling can be relevant to any investment because that is two different thing. Because once you gamble you are taking a very high risk that you might get a chance to double your money in an instant deal without any assurance that it would happenmost of the time not like in investing once you invest you knew for your self you able to figure out analyze how investment work especially when to put your investment too.

[blackhawkeye1912]

I'm not a fan of gambling by itself, but instead as a way of studying and learning about other things.  For instance, I'm sure that if elderly people kept playing card games, it would help keep their minds alert.  Studying poker involves studying human nature and probabilities.   There are other aspects like studying risk in gambling, which is like studying risk in investing. 

Does anyone have any examples of how gambling is like investing?

It never come up into my mind that gambling is like an investing concepts. Because for me gambling is just a place of fun and a place waste of money anyway. It is actually a risk involve once become an addict you will loss lots of money. I don't know just for me it is not a form of investing to me.

[Gintama214]

I'm not a fan of gambling by itself, but instead as a way of studying and learning about other things.  For instance, I'm sure that if elderly people kept playing card games, it would help keep their minds alert.  Studying poker involves studying human nature and probabilities.   There are other aspects like studying risk in gambling, which is like studying risk in investing. 

Does anyone have any examples of how gambling is like investing?

      Gambling will be an investment if you actually win more than losing on it. Gambling is a game that involves losing money and earning depends on if you have the luck or not. I myself is not also a fan of gambling because I know i have no luck of gambling, it sure can help other people and their minds to keep their mind alert but the cost is your money. You can play other games or play games online that will not cost you anything but helps you train your mind. In my opinion gambling will never be an investment.

[Winner]

In my own point of view it will be to impossible to say that gambling can be relevant to any investment because that is two different thing. Because once you gamble you are taking a very high risk that you might get a chance to double your money in an instant deal without any assurance that it would happenmost of the time not like in investing once you invest you knew for your self you able to figure out analyze how investment work especially when to put your investment too.

Really? I like to just think that gambling and investing are literally the same as each other depending on what the investment or the gamble is. If I wanted to make money investing in something that I had no idea was going to have a price rise then I would try to get the most information on it as I can though in the end it would be a gamble in its own part. The same situation goes if I was trying to bet on something.

[hatshepsut93]

If we exclude betting, then gambling can be separated from investing/trading by one thing - determinism of outcomes. In casino games you can calculate your chances and expected value which will always be negative. You can tell that there is -0.5% EV in this game and -2% EV in that game, but when it comes to investing, you can never precisely tell the chances. Even the best investors and traders can only expect something, but never determine the odds of any possible outcome.

[Urban Crypto]

I think it is avery interesting question.  For the disciplined investor it is clear they are not the same.  But if you are undisciplined in your investing you may actually just be a gambler with the same odds of losing.

[uneng]

If we exclude betting, then gambling can be separated from investing/trading by one thing - determinism of outcomes. In casino games you can calculate your chances and expected value which will always be negative. You can tell that there is -0.5% EV in this game and -2% EV in that game, but when it comes to investing, you can never precisely tell the chances. Even the best investors and traders can only expect something, but never determine the odds of any possible outcome.

Do you say when we invest we can't precisely tell the chances of profit? Invest for me is when you add money to casino bankroll and receive profit when the casino has profit. If you don't do it, you are gambling, not investing.
It's very different, because investment gives profit on long run, while gambling gives losses on long run, but possible huge profit on short run.

[MinerHQ]

I think it is avery interesting question.  For the disciplined investor it is clear they are not the same.  But if you are undisciplined in your investing you may actually just be a gambler with the same odds of losing.

The first thing you should know is gambling is never considered as an investment because these are just games and we need to spend our money enjoy these games. But if only if you're lucky, then you got a chance of making some money but that doesn't mean that it is an investment. I never consider gambling as an investment but investing on casino bankrolls may be a good investment option.

[hatshepsut93]

If we exclude betting, then gambling can be separated from investing/trading by one thing - determinism of outcomes. In casino games you can calculate your chances and expected value which will always be negative. You can tell that there is -0.5% EV in this game and -2% EV in that game, but when it comes to investing, you can never precisely tell the chances. Even the best investors and traders can only expect something, but never determine the odds of any possible outcome.

Do you say when we invest we can't precisely tell the chances of profit? Invest for me is when you add money to casino bankroll and receive profit when the casino has profit. If you don't do it, you are gambling, not investing.
It's very different, because investment gives profit on long run, while gambling gives losses on long run, but possible huge profit on short run.

Investing in casino bankroll is a rare case when you know the expected value, but more commonly when you invest in business or buy some assets you can't tell the probabilities of any possible outcomes. Casino games are very simple and they are built to be deterministic while real business is very complex and can't be accurately predict. This is the reason why companies like Google or Microsoft can turn their owners into billionaires but casino owners will never have similar returns.