Gambling = just for fun or an investment method?

[Bitcasino.io Support]

Hi guys!

How are you? Hopefully, you are all doing good in this complicated time.

Today I want to talk to you about gambling vs investing.
Many people think that casino play is purely based on luck. But in addition to an element of luck, there is also a large amount of skill involved.

Investing has many of the same factors surrounding it. Many people feel that doing well in crypto investments is completely down to luck.
While some people who got rich from the Bitcoin boom in 2017 were lucky, there were also a lot of people who had followed the market and
had a good idea that something along those lines was going to happen.

There is a lot that gamblers and investors can learn from each other.
Both gambling and investing require a sharp mind and the ability to subtly evolve your strategy on the fly. But what are the specifics that they can learn?

You can read the full article in our blog: How casino play can sharpen your crypto investment skills (and vice versa!)

And here’s my question: What is gambling for you — a fun time with a chance to win or a great investment method?

Thanks,
Karl
Bitcasino.io

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[Coin_trader]

Gambling is just for fun because most people including me are just doing it to be entertain and having profit is part of it. There is some exception that gambling become investment, it is when you invest time on it like being a pro poker player since you are putting your financial future for it.

Investment can be be categorised as gambling but gambling can't be called as an investment. Same as square can be a rectangle but rectangle can't be a square.

[harizen]

In my early days of doing gambling, I considered gambling for fun. But as I progress, I realized how much I losing for this "for fun" purpose. Everytime I lose, in my mind, it's just fine since I'm gambling for fun and I afford to lose that amount.

It shouldn't be that way. While I do literally having fun doing gambling, I should focus more on how to win so I treat my gambling seriously, since it will be more fun that way compared to just continue losing.

What matters is to maintain my winning stats, that's my goal. But for now, not to the point that I will treat it as a usual investment.

I like some pointers on the article especially bankroll management. In a so-called "luck-based games", some gamblers think there's a strategy to win and beat the house. They didn't know that some pros actually improving their way to handle their bankroll that's why they can play for long. For instance, once they won, they will call it a day and will come back later for another session. Not aggressive to hit another winning since it will have an effect on their bankroll. And there are lots of examples I like to mention.

[BIN-BIN]

gambling to me is purely for the profits and how to win my bet to maximize my investment, but again I know gambling in most cases does not have any thing to do with luck rather it has lots to do with high level of expertise.

[janggernaut]

Hello there Karl, it's been a while since you made new thread  

For me, gambling is another way to have fun. Just make sure you can afford the money once you deposit to casino. If you win, it's just like a bonus, if lose, well just move on, since you can afford it since the start.
But, there is another way for you to earn more money through gambling, and that's with investment on a casino (Yeah, that's sounds great investment, right?). I know there are only few casinos letting you invest on their site, but it's really worth since in the long term, you will ended up profit because you are on "House Edge" side. Your profit would be greater when your investment growing along with the price of coin you have invested.

[TopT3ns]

gambling to me is purely for the profits and how to win my bet to maximize my investment, but again I know gambling in most cases does not have any thing to do with luck rather it has lots to do with high level of expertise.

unfortunately to get a profit from gambling is very difficult to happen because until now no one can guarantee a profit whereas if you are an expert at gambling it is not always possible to make a profit. if you can make a profit then it can be said to be your luck.

luck still remains the dominant no one is good at gambling.

[MCobian]

Hi, Karl is glad to see you create a new topic. My family and I are doing well in a pandemic situation. I wish you good luck and success
for the business you are running.

It is very interesting if we discuss gambling and investing, because both are risky activities. I agree that both require skills and luck to
succeed. But gambling is for me just for entertainment, to relieve stress from my work in the real world. So I'm not obsessed with winning
when playing gambling, but if I win I will consider it a bonus. And I never thought of making gambling an investment method. There are
several things I can learn from gambling, I learned to manage the bankroll and also manage emotions when playing gambling. Which I can
use when investing in cryptocurrency, so gambling can be useful for our lives if done right.

[Marvelman]

For me, gambling is a fun time with a chance to win. But it's not like I'm taking any money out of my pocket. This isn't about the cash or profit. What matters is that we're having fun and that's all.

[swogerino]

For me gambling is spending some time to enjoy yourself and there is a really extra slim chance that you can win big during the gameplay or in the best of scenarios you hit the jackpot.I find it hard for gambling to be an investment method for me.

[bitbunnny]

Gambling could hardly be called an investment method. It's a game with high risk to lose the money you play with. I don't think that any financial expert could agree that this is an investment
At first place gambling should be fun and we should play the money that we can afford to lose. Any winning and profit are just extra bonus except for professional gamblers who thus make for their living.

[cryptomaniac_xxx]

And here’s my question: What is gambling for you — a fun time with a chance to win or a great investment method?

It could be both, you can have some fun with your winnings, and also you can put some money on it as a investment. But just like any other investments, it has risk and it will take some time before you can realized your profit. There are multiple threads around by members here who wanted to show how investing in a online casino works, so definitely you can learn from it. And there are also members you promoted a gambling site who admitted that they reinvestment the payment they got from signature campaigns, so it is a win-win situation.

[crwth]

It could be both. I have thought of it sometimes when I lose money in either gambling or trading. It's what drives you, the thought of the possibility to earn more money easily with just a click. That's the gambling part, but even if you treat gambling as an investment, there's still the part of you that would want to go all in. Or that's just me, lol.

It's definitely fun when you win money but frustrating when you lose. The most important part of it is to know when to stop and not let your emotion get the better of you.

[peter0425]

Sorry that never crossed my Mind about Gambling as an investment?yeah there are some account here that doing this in which Staking is what they are finding in casino site that i think is good,But gambling as gaming?no and never.

I truly believe that gambling must be for fun only mate,because after everything that what had happen inside gambling?and those people that committed Suicide just because of addiction or wrong decision?
i will always take this as for fun thing and not for living.

[Jating]

I don't see in at as an investment method, if you are talking gambling and hoping for a good return or huge win. But investment method as in, investing some of money like @Yatsan did here: GAMBLING SITE INVESTMENT then I will yes since he shows that he is on the positive side.

But I think majority of us are going to be the gamblers that we are, just to play and have some fun and then some, if we win or lose big. No one are going to look at it as investment method.

[mu_enrico]

Investment is when we are on the house side and not the player side. It means creating new casinos or staking funds into the house bankroll.
From the player's perspective, especially for chance games, gambling is a form of entertainment and not for profit.

[Bitinity]

Gambling for me is an entertainment while at the same time there is a chance to make profit. In other words I can say that I'm gambling in a hope for profit but I enjoy the game as well as limiting my ownself in terms of time and money so it wont affect my financial situation.

[abhiseshakana]

Gambling is just a hobby for me, and it's a splendid way to kill time. In my opinion, being a good gambler is not easy, therefore I never thought of gambling as an investment. Sometimes the gambling's attraction makes me play longer, and encourages me to take it seriously, but mostly I do it for fun and never think of doing it all the time.

[GreatArkansas]

Gambling for me is somehow for fun time or just a leisure time but yes I am expecting to win, that's why I am using my excess money for gambling because we all know gambling is extremely risky same with investing too especially if you don't know what you are doing.
But I am sure we have different opinion on why we are doing gambling and what result we want at the end.

[plvbob0070]

The similarity between gambling and investing is that you need to be ready for the risk and the possibility that you may lose the money you put in gambling or investment. Although they have similarities like this, I don't see gambling as a great investment method. For me, gambling is for entertainment and at the same time with a little hope of winning, but it's not something you can rely on when you want to generate huge income since it's still different from investment.

[Porfirii]

In another thread two weeks ago I shared my point of view/strategy about gambling: setting beforehand the number of "spins" and the amount for each one, regardless of what happens. Some members told me, and I understand their point, that if you do it that way, it is not funny anymore, and therefore couln't be named gambling anymore.

If you understand gambling as a stress relief method, you have to detach it from the idea of investment. If you take measured risk, you could tell you gamble as an investment, I suppose.