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Author Topic: What is the difference between binary option and gambling?  (Read 663 times)
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August 25, 2019, 04:35:22 PM
 #21


You are playing binary option in the trading platform so basically you are a trader in the market but betting to which the trend is going in a given time frame. I would still consider it trading if you are using the broker's platform. If you play the binary option in a Casino that I think would be considered gambling. Smiley  

 
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August 25, 2019, 09:23:59 PM
 #22


You are playing binary option in the trading platform so basically you are a trader in the market but betting to which the trend is going in a given time frame. I would still consider it trading if you are using the broker's platform. If you play the binary option in a Casino that I think would be considered gambling. Smiley  
Even if you are playing on a gambling site you can still see some brokers platform and take your decision from there which means its still tied up with your trading analysis unless if you do just bet for the price movement without any basing then its pure gambling but if you do apply some analysis with it then its not considered as gambling.Fairness of the platform will be the issue here yet price ticks should be based on top exchange.

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August 25, 2019, 10:49:17 PM
 #23

Which is riskier: cryptocurrency, Forex or Stock Trading? Well, in my experience, I find cryptocurrency trading more rewarding. So, it's a better skill-based "gambling". It's a bit more balanced between winning and losing.

Binary option is definitely a more difficult skill-based gambling
Actually all kind of investments are gambling but the skill part decide which is is safer but we cannot ensure profits for any kind of investments when it does have a unpredictable future.When it comes to binary option trading there is no difference with that compared to gambling since it just based on the circumstantial results.

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August 26, 2019, 12:30:37 AM
 #24

I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?

When it's called trading, it's not gambling, that is not the same. Binary options are not part of the gambling industry as if we know how to do binary option, and we could make a profit. While in gambling, even we know how to play, it doesn't mean we can always win because gambling will need one more thing, which is luck inside the games.

Both binary options websites and gambling website owners make huge money from the business, but each people on each business are making money too. But I think the percentage of every people in each business will be bigger in binary options than the gambling industry. I think the difference between binary options and the gambling industry is we can learn on each business, but the chance to make money will be bigger on binary options.

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August 26, 2019, 08:02:21 AM
 #25

The only real difference is that in binary options you can read some news talk in different chats about the bet you wanna make and can have a better view of the market.In gambling you can do the same but opinions from different person will very different compares to binary options where you will not see such difference.

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August 26, 2019, 09:00:03 AM
 #26

It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?
Binary options are no different from gambling because there are no other market factors that affect user trading. their system looks like forex or stock trading. but actually far from trading. buy and sell users depends on the luck and algorithm of their binary apps system. there are still many who consider binary options as stock trading. even though it's not . its pure gambling system.

 
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August 26, 2019, 09:53:44 AM
 #27

The only real difference is that in binary options you can read some news talk in different chats about the bet you wanna make and can have a better view of the market.In gambling you can do the same but opinions from different person will very different compares to binary options where you will not see such difference.
If you talk about speculations I think there are the same and news can affect both the mind of those that are interested in either gambling or betting. In betting or binary options, the probability of winning is there than in gambling because we can use support and resistance to do put or ask!
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August 26, 2019, 11:41:04 AM
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Trading at least requires some knowledge and skill unlike gambling which is purely luck.  Exchanges that do up to 100x leverage have become very popular recently and have lead to a lot of people being liquidated of all their bitcoins.
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August 26, 2019, 04:01:34 PM
 #29

I think betting/gambling is an umbrella term covering a wide range of predictive games or activities. Binary option trading, sports betting, lottery and so many other things are all categorized under gambling so I don't think you can clearly strike a difference between the two you asked.

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August 27, 2019, 05:46:09 AM
 #30

I think betting/gambling is an umbrella term covering a wide range of predictive games or activities. Binary option trading, sports betting, lottery and so many other things are all categorized under gambling so I don't think you can clearly strike a difference between the two you asked.
I think there is a wide range of different between gambling and binary options and many people that do trade binary options that I know don’t see themselves as a gamblers but traders. Some even referred to themselves as a forex traders or stocks traders! The rate of risk is another areas you should look at. In gambling you cannot have any strategy that will keep putting money in your pockets but binary options market can be a bit predictable and though it is risky but the risk is quite understandable.
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August 27, 2019, 06:29:27 AM
 #31

I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?

you have made good points yourself. both binary options and gambling are games of chances- that involves risk. two things i only noticed about the two is that,those involved in binary options tend to predict more skillfully than gamblers,and many of them do not even see themselves as gambler but traders.look at leagues for instance, the both teams are there determined to win and anyone could be at the advantage of the other irrespective of whom you have trusted, all gamble at sites is outside there consent.

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August 27, 2019, 06:39:16 AM
 #32


i think you already answered your own question because on your first sentence you said that traders ( binary , forex and others ) are refered to as gamblers  . i agree on it and your actually right when you say that . they refered as gamblers because both trading and gambling involved money and involves high risk because there is no possible way to predict the coins in an accurate fashion   . people will only prefer to trade more than they gamble or more than what they can afford to loose on gambling  .

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August 27, 2019, 08:39:56 AM
 #33

I haven't tried Binary Options but what I know is that you could do Longs and Shorts there as well. So you could increase your chances significantly when you analyze the market before anything else, like satisfying different conditions first before actively participating in a trade. If I'm correct, there is also a margin or leveraging in that? Not sure. I know that if you are currently trading, it's like leveraged trading like in Bitmex, etc.

For gambling, it is for entertainment purposes, not just the aspect of money. You are to gamble if you have money to risk and possibly lose. That's just it. You cannot have safety nets (depending on your strategy), and it's faster compared to trading because it's either you bet it all or not. That's just some of my opinion.




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August 27, 2019, 09:28:32 AM
 #34

Binary option and gambling are almost the same because for me it involves money that probably you put on risk. In Binary trading option, some people are willing to put a big amount that they are willing to lose not like gambling just for entertainment but the whole concept was involved money which either you have to lose or win. Nevertheless, even though they are the same risk but I think Binary option has an advantage than gambling because you can apply indicator on Binary option.

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August 27, 2019, 09:40:25 AM
 #35

Binary options are similar to gambling because they also have a fee, which one can compare to the house edge. However, you simply need to predict the price movement of an asset to determine whether it will go up or down (long or short). Because of this, unlike most gambling games, there is a skill element involved. This essentially means that skilled players (traders) can overcome the house edge by simply developing good predictive skills.

TLDR: Binary option require skill, gambling (usually) doesn't.


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August 27, 2019, 11:27:18 AM
 #36

I think betting/gambling is an umbrella term covering a wide range of predictive games or activities. Binary option trading, sports betting, lottery and so many other things are all categorized under gambling so I don't think you can clearly strike a difference between the two you asked.
I think there is a wide range of different between gambling and binary options and many people that do trade binary options that I know don’t see themselves as a gamblers but traders. Some even referred to themselves as a forex traders or stocks traders! The rate of risk is another areas you should look at. In gambling you cannot have any strategy that will keep putting money in your pockets but binary options market can be a bit predictable and though it is risky but the risk is quite understandable.

That is the difference between the binary option and gambling.

But binary option can be gambling if we don't know about how to trade binary option and it only makes us gamble with luck. Both binary option and gambling will always be there, but we can minimize the risk for binary option if we have a skill or we can learn about binary option. But in crypto trading, if we have coins, and the coins price is down, we still have a chance to see the price will increase in the future.

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August 27, 2019, 11:38:56 AM
 #37

snip-
TLDR: Binary option require skill, gambling (usually) doesn't.
Even though the Binary option has required skills and technical analysis but in the end, they are the same with gambling thought. Yes, gambling requires only luck and maybe strategy but mostly doesn't work. A binary option is needed more capitals rather than gambling that you only spend an amount that you can afford to lose.

When it comes risk both of them has nothing difference, they are all very risky and the majority of the percentage is based on luck.




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August 27, 2019, 04:51:32 PM
 #38

Binary option for me is just like a form of gambling although with a lower sample rate for data that can be used for future positions whereas gambling is just basically luck playing out in your favor (unless it's sports betting wherein you can study a bit on your picks and win off of the data you have.) Personally, I'd pick pure trading and not just binary options. But between binary options and gambling, I'll choose gambling and sports betting specifically because you'll have more control over the risk you'll be playing rather than betting blindly and hoping for the best.

 
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August 27, 2019, 05:07:00 PM
 #39


You are playing binary option in the trading platform so basically you are a trader in the market but betting to which the trend is going in a given time frame. I would still consider it trading if you are using the broker's platform. If you play the binary option in a Casino that I think would be considered gambling. Smiley  
Even if you are playing on a gambling site you can still see some brokers platform and take your decision from there which means its still tied up with your trading analysis unless if you do just bet for the price movement without any basing then its pure gambling but if you do apply some analysis with it then its not considered as gambling.Fairness of the platform will be the issue here yet price ticks should be based on top exchange.

I'm pretty sure a trader will be looking at a chart when they play binary option so they are not gambling for they do have insights as to which way the trend goes in certain time frame. but if he isn't watching the chart, he sure is just guessing where the market goes. Some users playing binary option don't trust the brokers in crypto, they prefer the brokers in forex market where they can use the metatrader software. We've seen it many times crypto binary optoin brokers turned scam in the end.

 
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milewilda
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August 27, 2019, 08:38:38 PM
 #40


You are playing binary option in the trading platform so basically you are a trader in the market but betting to which the trend is going in a given time frame. I would still consider it trading if you are using the broker's platform. If you play the binary option in a Casino that I think would be considered gambling. Smiley  
Even if you are playing on a gambling site you can still see some brokers platform and take your decision from there which means its still tied up with your trading analysis unless if you do just bet for the price movement without any basing then its pure gambling but if you do apply some analysis with it then its not considered as gambling.Fairness of the platform will be the issue here yet price ticks should be based on top exchange.

I'm pretty sure a trader will be looking at a chart when they play binary option so they are not gambling for they do have insights as to which way the trend goes in certain time frame. but if he isn't watching the chart, he sure is just guessing where the market goes. Some users playing binary option don't trust the brokers in crypto, they prefer the brokers in forex market where they can use the metatrader software. We've seen it many times crypto binary optoin brokers turned scam in the end.
No, meta trader software is the primary thing to be downloaded in all brokers out there and this is most likely with forex platforms and you are right this is way much more better preference than on-site price tickers but somehow there are platforms using top exchange tickers like this one https://betinance.com/.

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