Gambling = just for fun or an investment method?

[lifeOK]

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.

[k@suy]

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.

[Alucard1]

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.

[slapper]

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.

[Fredomago]

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.

[asus09]

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.

[RealMalatesta]

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.

[hahay]

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.

[covfefe_]

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.

[ChiBitCTy]

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.

[Heisenberg_Hunter]

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.

[Maus0728]

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.

[emmybd]

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.

[Bekuciwu9]

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.

[acroman08]

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.

[jostorres]

...
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.

[GeorgeJohn]

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.

[Mahanton]

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.

[abel1337]

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  

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.

[Fatunad]

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.