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Author Topic: Gambling = just for fun or an investment method?  (Read 328 times)
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November 12, 2020, 07:36:13 AM
 #1

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
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November 12, 2020, 07:50:07 AM
 #2

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.

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November 12, 2020, 07:50:16 AM
 #3


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.

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November 12, 2020, 07:50:22 AM
 #4

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.
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November 12, 2020, 08:02:54 AM
 #5

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

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.



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November 12, 2020, 08:14:28 AM
 #6

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.

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November 12, 2020, 08:58:24 AM
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 #7

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.

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November 12, 2020, 09:06:40 AM
 #8

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.

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November 12, 2020, 09:26:16 AM
 #9

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.

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November 12, 2020, 09:28:15 AM
 #10

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.

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November 12, 2020, 09:30:55 AM
 #11

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.
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November 12, 2020, 09:34:08 AM
 #12

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.

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November 12, 2020, 09:39:04 AM
 #13

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.









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November 12, 2020, 09:41:12 AM
 #14

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.
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November 12, 2020, 09:49:44 AM
 #15

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.

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November 12, 2020, 10:02:03 AM
 #16

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.

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November 12, 2020, 10:12:27 AM
 #17

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.

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November 12, 2020, 10:13:14 AM
 #18

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.

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November 12, 2020, 10:14:44 AM
 #19

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.
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November 12, 2020, 10:20:39 AM
 #20

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.

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November 12, 2020, 10:29:46 AM
 #21

At one time gambling was like an investment to me, although it is profitable but sometimes it becomes a cause of human stress.
I am saying from my experience, When you are unable to manage it properly, it can be left astray.

Nowadays I choose gambling as a means of enjoyment, I go to the casino to reduce the fatigue of weekly work and to get a little pleasure in the monotonous life. If luck is on my side, I win. but if I lose, it doesn't have much effect on my daily life.  Smiley

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November 12, 2020, 10:46:45 AM
 #22

...
And here’s my question: What is gambling for you — a fun time with a chance to win or a great investment method?
...
seems like there are many ago topics that almost resemble this...
for me personally, gambling is my entertainment, I only tried investing in a gambling platform once but the results were not much because of my small capital. I mostly only play slots because the animation is very funny and can help me release a little fatigue.



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November 12, 2020, 10:52:48 AM
 #23

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

Gambling is a fun time with a chance to win. I wouldn't treat it like a great investment method because we all know the winning chance is too low in gambling, and I'm not too good at gambling games. But I know some people treat it like a great investment method because they are skilled in a card game. Actually, one of them borrowed bitcoin before, and after a few days, he returned it with some interest.
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November 12, 2020, 11:01:43 AM
 #24


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


Actually, I see gambling as a fun time with a chance to win and not an investment. Well, when you said that it also requires skills especially when playing card games like blackjack and such, I know that I am not good with that. I gamble whenever I have free time and I do not consider it as a pure investment because I haven't spend more money in playing. It is just for entertainment and nothing else but maybe someday I may try to make some investment in gambling.
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November 12, 2020, 11:07:28 AM
 #25


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


Actually, I see gambling as a fun time with a chance to win and not an investment. Well, when you said that it also requires skills especially when playing card games like blackjack and such, I know that I am not good with that. I gamble whenever I have free time and I do not consider it as a pure investment because I haven't spend more money in playing. It is just for entertainment and nothing else but maybe someday I may try to make some investment in gambling.

It depends on the casino on what they offer to their gamblers since there are casino who offer an investment option so some opted to choose to join with the house and wait for the profit and other choose to play and try their luck to gain as well to have fun.

Also if you mean you gamble on your free time then meaning you are here for fun so best to play with small amount to avoid unnecessary action that can make us regret in the end of the game.

R


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November 12, 2020, 11:08:15 AM
 #26

It is quite interesting because usually the comparison is trading vs investing or investing vs staking, many will definitely answer it for fun, even though will never get fun when loses, there is stress, especially if you use the money that should be used for living expenses.
I read about bankroll management and this is quite difficult to apply not only when you win but also vice versa, when lose want to quickly cover losses, and when win, think to get more.
Until now, I only used the money I could afford to to lost, I just thought it was for fun but will hope to win, not considering it as an investment which is definitely difficult to carry out.

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November 12, 2020, 11:08:19 AM
 #27

Gambling is gambling, investment is investment. Both have their own risk either to earn more money or lose our money. If we compared between gambling and investing, gambling still has higher risk than investing. You can lose all of your money in sec or minutes in gambling (See someone whom recently lose more than 610 btc in few minutes), while in investment, you could lose your money too, but it's not the whole of your money in instant, except the site where you put your investment, run away or closed with your funds.
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November 12, 2020, 11:13:41 AM
 #28

And here’s my question: What is gambling for you — a fun time with a chance to win or a great investment method?
Bitcasino.io
At first I thought gambling is an easy way to earn because there's no so much effort to do in order to win since most games are base on luck. However after experiencing to lose myself because of addiction thats how I realized my mistakes of letting myself be addicted on gambling.

Now I must say that gambling for me is a way to kill time and to entertain myself. I dont use a certain capital that is meant for important things because I already learned my lesson from the past. It cant be an investment because it is risky and you need luck. But if we are talking about gambling investment (which I dont have experience yet) wherein you will invest in a particular gambling site, I think it is profitable though it takes time.

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November 12, 2020, 11:48:10 AM
 #29

there are gambling site that offers investment . if you investment on them , thats the time you can call gambling an investment but for a common gambling site without investment feature i dont consider them as an investment

. gambling is for fun because its hard to earn money with them but investment is for money making and its not about luck because you can prepare and insert different strategies with it to make your investing more effective
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November 12, 2020, 11:52:50 AM
 #30

there are gambling site that offers investment . if you investment on them , thats the time you can call gambling an investment but for a common gambling site without investment feature i dont consider them as an investment
Yeah that is Staking and i know about Cryptogames.net is having this offer for their investors or Players.
And there are couple of accounts that doing their updates each time about their investments in those gambling sites.
. gambling is for fun because its hard to earn money with them but investment is for money making and its not about luck because you can prepare and insert different strategies with it to make your investing more effective
But we cannot just tell gamblers about that because almost all of them are betting to win and not just to have fun,they would rather win that just being happy in losing lol.









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November 12, 2020, 11:59:11 AM
 #31

there are gambling site that offers investment . if you investment on them , thats the time you can call gambling an investment but for a common gambling site without investment feature i dont consider them as an investment
I'm not sure if there is a site/s who offered that thing because their intent is purely for gambling alone.

. gambling is for fun because its hard to earn money with them but investment is for money making and its not about luck because you can prepare and insert different strategies with it to make your investing more effective
Gambling is not a money-making platform but can't deny that some gamblers considering this as their source of income. Maybe they right or maybe they are destined to be a gambler and live that life forever. But for most of us, gambling is just a pleasure. We find ourselves enjoying even do we mostly suffered losses. That was funny...but in reality, we are also sometimes full of regrets and disappointments.

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November 12, 2020, 11:59:56 AM
 #32

I think that gambling is different from investing because the latter is more predictable. Investing in various cryptos is considered a good idea, but I'm not sure the same holds for gambling, especially if a person is pretty good at one game, but not great at another one. Diversity of slots is one thing, but if a person is a poker player, it's probably better to stick with poker rather than play other games like Blackjack.
What's convenient with investments is that they are not random, they are affected by certain events (like when the pandemic was announced and the market went down), whereas gambling is independent of it, so it's harder to make educated guesses. But I do believe that some games are skill-based (like poker), so one can earn money this way, just like one can earn money by trading cryptos.
For me, however, gambling is just for fun.

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November 12, 2020, 12:21:02 PM
 #33

Most of peoples here going with gambling for fun and investment is totally different thing and I am also thinking in this way because gambling is mostly depend on luck and investment is totally different thing you can do some search and have good knowledge then done investment this is really better and safe way but on gambling you can lost any time even you have banker.
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November 12, 2020, 12:50:53 PM
 #34

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.
Not gambling in real sense is purely for profit, becasue we all struggle to win games; the last time i checked. Gambling shouldn't be seen as profit taking zones because is a base luck industry, this has ruined millions of gamblers in this industry, How long have you been maximizing your gambling profits?. Gambling is all about luck and not in most cases as you have claimed: when talk about winnings in gambling then luck is paramount.

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November 12, 2020, 01:33:50 PM
 #35

I active on gambling just for funny and not have decision for investment way to earn much money, impossible mind if you wanna make gambling site as your investment because there not little chance for you to get much money and profit in gambling. I take fun with gambling site because I like football and some time each one week in month I get betting with soccer team where I think have chance to win, just one week each month and some time two moths only bet one time, just active in gambling forum because I joined with tread have give away for winner prediction of english primer league.

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November 12, 2020, 01:53:29 PM
 #36

Personally, I take gambling as for fun only where when I feel better or have free time I want to test my luck by doing some fun. It's my personal. But pure gamblers don't take gambling as fun because they always think about profits. So we can say gambling is a method of investment to earn profits by using a sharp brain and experiences.

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November 12, 2020, 01:56:25 PM
Merited by Bitcasino.io Support (1)
 #37

Hi guys!

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

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

Hey Karl, thanks I am doing fine in the current lockdown, hope you are doing good as well.

For me gambling is mostly for fun. It's a great way to clear your mind after a day of work and just relax a bit. And also you can make some money. But to be a real investment in my opinion you need to have some kind of constant returns and this is a bit difficult for me. This might be the case of me not following strict strategies or just get to emotionally invest after losing.

I think for people more experienced in gambling than me, it could be different. If you manage to get a constant return from gambling over time, it should definitely be viewed as investment.
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November 12, 2020, 02:01:10 PM
 #38

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
both are good in gambling as you can invest on it and also you can gamble on it.

there are many gamblers now that see the gambling industry as investment risking also and not just in betting only.

i also think that it is more practical to do both than just pushing our luck to hit the jackpot when we can become richer in other areas.

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November 12, 2020, 02:03:14 PM
 #39

I am always trying to treat it as both. But honestly it seems it mostly falls on being just for fun rather than an investment method. Even if I am treating gambling a little more seriously especially sports betting, I still end up losing more than winning. I guess that's just what basically gambling is. So I am already more or less settled in the idea that in gambling money is spent more than earned.
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November 12, 2020, 02:13:15 PM
 #40

It depend on what type of person are you in gambling, If you are a gambler then definitely gambling consider as  for fun or might be the opposite depending on the way you are betting. However, if you are a business owner or wanted to be part of those who run gambling or betting platform then you are an investor. Anyone has common sense can answer this. I think the best deal in gambling is to invest. This is one of the business that has a good return or profit compared to other investment opportunities.
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November 12, 2020, 02:19:40 PM
 #41

I don't bet massively as I have bad story on this sector. For me gambling just simple entertainment but when do win give me little comfort. I generally don't run always of winning back but usual habit to do it. I know most gamblers who play responsibly appreciate the benefit, take it as investment but I have some limitation and I love what I do.
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November 12, 2020, 02:22:42 PM
 #42

Honestly, gambling is just for fun for me, I am not into gambling or being full time on it, I only play when I have spare time and I don't want to spend a big amount of money in gambling, in another thing, investment for me is for long term period means, I will wait for it till it pumps, in gambling I only spend hrs to play, but for investment I can spend days or weeks monitoring it, in order for me not to avoid such things.
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November 12, 2020, 03:02:25 PM
 #43

Gambling and investing are quite similar things in terms of the risk but they are different from each other, most people gamble because of entertainment and for fun but of course with the money as well, thinking that they could earn in gambling as well. Investing should be serious only and not for entertainment. Between these two ways of earning money, I prefer the investment compared to gambling because I find it so hard to earn and win in gambling based on my experience.
I don't bet massively as I have bad story on this sector. For me gambling just simple entertainment but when do win give me little comfort. I generally don't run always of winning back but usual habit to do it. I know most gamblers who play responsibly appreciate the benefit, take it as investment but I have some limitation and I love what I do.
That is the good thing to do when you gamble, quit while you are ahead, you need to be contented with what you have now. It is the way we handle the money for us to be successful.

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November 12, 2020, 03:07:06 PM
 #44

I admit that there were many people down to luck in crypto trading. 2017 was a big bubble creating a lot of opportunities for us. On the other hand, investors who entered too late were the ones that lost their money. Many of them totally depend on their luck and they are lack knowledge and experience. As a result, some earned money from the market, some became bankrupt and are in debt. And as you say, investing contains many elements same as gambling

To me, gambling is just another form of entertainment. Happiness is the main aim. If I ever find myself exhausted or frustrated while gambling, it will be a good time to stop spending my money. I used to consider gambling as a type of earning. I tried to learn new strategies, money management, etc. Despite my efforts, it still hit me hard. I could not control my emotion and the greedy demon inside me always existed, mostly when I tried to recover my loss. Then, I realized I can find a better job than gambling, I change my perception. Now, I am comfortable with that decision.


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November 12, 2020, 03:16:15 PM
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 #45

First of all, Thanks Karl for bringing this topic. Yeah right there are relativities between investing and gambling both carried risk,
but if you are keen in succeeding there are always good ways to do so.

Basically most of those gamblers who are sparing their money to enjoy are just lying behind luck as they are just stop and go and nothing else after.

While for those who are really serious on taking advantage of some opportunities, they'll be taking any possibilities
to take from this venue. Enhancing skills and knowledge just like how you follow the market when you do your trading,
there are ways to look upon, it takes time and more deep practices to experienced and learn every strategy that may
work for you along the way.

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November 12, 2020, 03:17:03 PM
 #46

There is no intention of gambling as a place of investment, how can people just laugh when they ask them to gamble for investment. Most gamblers are just for fun there is no attempt to get rich from gambling. It is clearly not fair that gambling sites will benefit us. Millions of trials will never give satisfaction to anyone who has experienced how unlucky it is in gambling, soccer gambling, boxing gambling or whatever, it is still very difficult for us to win. Not to mention that there is a mafia that plays in soccer betting, how what happens in the Italian Serie A is clearly what benefits the bookie, not the gambler.

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November 12, 2020, 03:36:53 PM
 #47

I agree that there are some overlapping elements of investing and gambling however I also think that there is a huge difference between them as well.

In investing world there is no house edge, there is a trading fee but it is not the same, it doesn't make you lose in the end and you could definitely profit if you hold long term (specially a good coin like btc or eth) however in gambling no matter how well do you think you are at gambling, because of the house edge if you do not play carefully in the long run you are going to lose all of your money, it is not pure luck and it does have a luck element to it but at the bottom dollar you will lose all of your money if you keep gambling forever compared to investing and holding forever could yield you a lot more profit. So they have similar stuff but they are wildly different to me.
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November 12, 2020, 03:38:47 PM
 #48

Gambling for me is about profit, real fun will be created when I get a win but when I gamble just for fun and to fill my spare time, I don't even feel the real fun when I get a win. Indeed, for me gambling and investing are both looking for profit, but in gambling at least I can get profit and loss in a short time, in contrast to investing. Investing takes time to pay off and unfortunately again, when you have been waiting a long time but your investment is failing and it is really just a waste of time if failure is the case.

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November 12, 2020, 03:41:56 PM
 #49

It's fun of course but also you can invest with gambling on some sites and dapps.
Betfury is an example where you earn BFG tokens for every of your gamble and those BFG token acts as the shares of the sites profit and yields you a passive income everyday. The more you bet, the more tokens you get but the mining (rewarding) rate keeps on decreasing every phase. So, that early users would have a better reward than the later ones.
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November 12, 2020, 04:03:36 PM
 #50

I think that this is lost among most gamblers.  Take blackjack for example.  Simple game right, you try and see who get's closest to 21 with out going over.  The truth is there is a lot of skill needed to be good at this game.  My father was a big gambler and I remember he would read large books on just how to play blackjack.  He knew in order to be good, in order to make it more of an "investment" than a gamble, that he had to read and educate himself.

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November 12, 2020, 04:03:55 PM
 #51

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.
Casino play isn't purely based on luck to say while on the other hand I would say dice gambling could come under luck based gambling. Here in this scenario, dice games will most likely end up in favor of house and gamblers wouldn't really use strategies for winning in dice games. Similarly, investing in crypto like bitcoin, ethereum, monero or other top currencies isn't based on luck but investing and receiving profits in Defi based tokens in 2020 and ICO tokens in 2017 was purely based on luck. We have seen scam Defi tokens which were never really audited and was meant to be a stable coin pegged to $1 pumped to $160 and $1 within a few hours and similarly scams like Oyster Protocol pumping over to $5 from $0.01 within a few days never had any favorable outcome to investors. Investing in such tokens is a hit and run i.e we may either become a millionaire by investing a few thousands of dollars or would lose the investment altogether.

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.
Sports Gambling is a completely different scenario where we can guess the team's ability to win against a certain team and application of a minor strategy might help us in winning the bet. So is the investment in currencies like bitcoin, ethereum, monero and other legit coins. But yes, Investing and Gambling can mature over the time period i.e we get to know about the scams easily with repeated investments over the years and thereby make proper investments in forthcoming years. In gambling games which involves usage of strategies, we get to know about them more as time passes and thereby educate ourselves in the long term.

What is gambling for you — a fun time with a chance to win or a great investment method?
I would consider gambling as a form of game to spend my leisure time and I have never considered it as a investment method. But if I tend to play sports gambling, I would consider them as a investment method rather than a form of game to spend leisure time. This is because winning in a dice game doesn't lie in our hands but guessing the outcome of a sports based gambling lies within us.
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November 12, 2020, 04:13:27 PM
 #52

How are you? Hopefully, you are all doing good in this complicated time.
Still great! Hoping you are too.

Well, based on my experience though, gambling tends to give a lot more pressure and palpitations rather than giving fun although you can still feel good whenever you are on a winning streak but I definitely not consider gambling as an investment. In terms of skills, probably, yes?

However there are still a lot of people who considers that gambling is a type of investment perhaps, but I think that is more applicable fro professional gamblers and not definitely for an average people. Being a person equipped with a skills of a professional gambler can be considered investment itself.

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November 12, 2020, 04:19:27 PM
 #53

Well, gambling is definitely for fun, a source of entertainment for a lot of people. It shouldn't be taken seriously, or you will get into trouble. A lot of people start gambling as a fun, but they gradually get addicted and lose everything in the end. They become physically and psychologically ill because of gambling. Although there are some similarities, but gambling and investing are two different things. For gambling, you need a lot of luck. But, on the other hand, for investing you need a lot skills to be successful.

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November 12, 2020, 04:32:14 PM
 #54

Gambling can be investemnt methid if you know what you are doing and have very strict control.But still, I wouldnt advise anyone to see it that way as things can get out of control really fast.It is better to see gambling as fun activity or it can grow into addiciton.

If you want to invest in something,buy bitcoin and put it someplace safe.
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November 12, 2020, 04:48:05 PM
 #55

Hi guys!

How are you? Hopefully, you are all doing good in this complicated time.
-snip
fortunately, I am but I can't say about my fellow countrymen. there were two consecutive typhoons that passed through my country and it is sad to say that that the typhoons devastated property, livelihood and lives.  

And here’s my question: What is gambling for you — a fun time with a chance to win or a great investment method?
a fun time with a chance to win. as I have said before on threads where they ask if gambling is a form of entertainment or not. for me, gambling is a stress reliever an activity that lets me clear my mind from work.
for others, they see it as an investment. how do they see it? I don't know. but I would love to know(currently reading posts) why they think it is.

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November 12, 2020, 05:11:09 PM
 #56

...
And here’s my question: What is gambling for you — a fun time with a chance to win or a great investment method?
...
seems like there are many ago topics that almost resemble this...
for me personally, gambling is my entertainment, I only tried investing in a gambling platform once but the results were not much because of my small capital. I mostly only play slots because the animation is very funny and can help me release a little fatigue.
Investing into gambling house is a different idea all together actually and I think we are discussing about investing in Bitcoins suppose in 2017 and now the price raised so we technically win on our investment in 2017 and similarly some people gamble like they are investing.

I really like the article mentioned in OP because it covers some good points and actually I start to feel like casinos might indeed help us sharpen our investment skills because both are co-related. I recommend people to read the point they made about "Be willing to diversify", some really wise words by Sean McNulty.

.
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November 12, 2020, 05:14:06 PM
 #57

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.
If gambling does not have luck concerning proper agenda's of betting and excellent experience via prediction or game booking, so how come people predict game and win, from my perspective before someone win a game the person most know how to predict game and most have basic knowledge of prediction couple with good luck which attract winning success. In terms of profit and no profit in gambling, it's like entrepreneur who is a risk taker, before adventuring into gambling you most consider two things which is involves lost and profit.

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November 12, 2020, 05:48:46 PM
 #58


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


You do actually have some point yet there are gambling games that do really require up some strategy for you to have some advantage
but comparing it with investment then its totally on different category because on investment you arent really needed to think about
lots of factors that will affect your investment unlike on solely in gambling where you do need to think on the probabilities that will
happen in various ways.Its true that there are investment which you would need on some sort of gamble but the feeling between
when you do gamble and making investment is different.

R


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November 12, 2020, 05:53:28 PM
 #59

Hi guys!

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

Thanks,
Karl
Bitcasino.io
Hi Karl, Honestly this week is pretty hard for me due to some personal issues  Sad

And here’s my question: What is gambling for you — a fun time with a chance to win or a great investment method?
I am a gambling addict before but after some realization, I changed myself into a moderate gambler, I only see gambling before as a way to earn money and win but after getting rid of my addiction I find fun in playing gambling and of course winning in it. I can't see myself considering gambling as an investment method. Some of the gamblers can see casino gambling as a way of getting quick cash and in investing, you need a certain amount of time to earn a profit. Both of them have a common thing which is the risk and it is always part of getting a profit.
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November 12, 2020, 05:59:29 PM
 #60

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.
If gambling does not have luck concerning proper agenda's of betting and excellent experience via prediction or game booking, so how come people predict game and win, from my perspective before someone win a game the person most know how to predict game and most have basic knowledge of prediction couple with good luck which attract winning success. In terms of profit and no profit in gambling, it's like entrepreneur who is a risk taker, before adventuring into gambling you most consider two things which is involves lost and profit.
And that lost and profit frequency is much more higher compared into those traditional business that you do know and thats what make them different and if someone who had been on investment world and decided
to touch his foot on the land or area of gambling then he should prepare his self that it wont really be that similar on what he had been used before.As a entrepreneur you would really need that gambling like mind
but of course it will correspond or been back up with proper planning and considerations before making any step because you wont able to reach up success if you wont take any further step ahead by means of risking out.
I agree on some points by other members that you can differentiate the two even there are similarities but its totally different comparing gambling itself and a investment.

R


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November 12, 2020, 06:35:22 PM
Merited by Bitcasino.io Support (1)
 #61

First, thank you for the article.  Wink
Gambling had always been a fun time for me.
Something that takes out the stress in my mind and body after a long day of work.
Specially now, I didn't know working from home was stressful, so I need something else to do just to enjoy even for just weekends.
Not that I would spend all my hard earned money.  Cheesy

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November 12, 2020, 07:37:36 PM
 #62

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.
If gambling does not have luck concerning proper agenda's of betting and excellent experience via prediction or game booking, so how come people predict game and win, from my perspective before someone win a game the person most know how to predict game and most have basic knowledge of prediction couple with good luck which attract winning success. In terms of profit and no profit in gambling, it's like entrepreneur who is a risk taker, before adventuring into gambling you most consider two things which is involves lost and profit.
No I agree with BIN-BIN, bookmakers have to be able to make good predictions to fix odds if they don't want to run out of money.
So I think you can manage betting without necessarily being lucky

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November 12, 2020, 07:59:26 PM
 #63

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.
If gambling does not have luck concerning proper agenda's of betting and excellent experience via prediction or game booking, so how come people predict game and win, from my perspective before someone win a game the person most know how to predict game and most have basic knowledge of prediction couple with good luck which attract winning success. In terms of profit and no profit in gambling, it's like entrepreneur who is a risk taker, before adventuring into gambling you most consider two things which is involves lost and profit.
No I agree with BIN-BIN, bookmakers have to be able to make good predictions to fix odds if they don't want to run out of money.
So I think you can manage betting without necessarily being lucky
Shall all these things its based on choice because from my views I seems it as something that comes with luck irrespective your prediction, but since you said so I will agree with  you because what two person's confirmed right may be actually right but it will be under probability some how.

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