ethereumhunter
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March 30, 2021, 01:08:35 AM |
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So we are never winning because we still carried the losses from the past unless we can hit the jackpot, which I do not think will be easy to do. Many people are trying to playing gambling with money, but that only gives your money without winning.
Hitting a jackpot comes only One in a Billion chance mate meaning this cannot be for many times. Meaning totality is we are loser and the banker will always Win. Besides, it happens one in a billion chance, which will come to one in a billion people who have big luck at that moment. That shows us playing gambling will not benefit most people who want to make money from gambling. But if in the investment, you will see the profit come to you in the future, although the price now is down, the chance for the price to increase will still be bigger. So you can choose what you want to do ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Well it is not constantly gaining because In the former YoloDice in which i followed to investors , the first one lost while the other one gains because of the Huge increase in Bitcoin but if not?sure he will lose as well. I think some investors in YoloDice really profit from the investment in that site, but they do not tell who they are, so we do not have references for them except people who share their story in this forum.
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sunsilk
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March 30, 2021, 11:18:04 AM |
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This has been one of the debates about trading and gambling for which both bear risk and can be said that there's really no difference at all. But in this case, since it's been specified that it's sports gambling, just as trading it requires analysis and case study for you to get closer to the probability of winning.
In the sense of other games which are pure luck, I think the difference starts there but it's also debatable that there are investors that are only choosing coins through luck and don't mind if that coin will take time for them to prosper.
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Oasisman
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March 30, 2021, 12:22:54 PM |
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For me personally the "fine" difference between market investment and gambling is knowledge about the evaluation of factors that determine the outcome. E.G.: You can never predict the number in roulette, but you can predict some makret environment regarding preferences of potential buyers. In this case you can lower the risk and get a state of a +EV decision.
But gambling doesn't only focused on roulettes. How about sports betting? You can actually evaluate the factors to determine the outcome of the game, rather which team comes out with a win. In this type of gambling, you can also lower the risk of lossing. There might be a fine line between market investments and sports gambling like the ones mentioned in the OP, but the only difference I can see is that gambling was unfairly treated by some of the governments that prohibits the act of gambling without these complicated requirements to comply.
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perfect999
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March 30, 2021, 03:38:08 PM |
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Question: "Market investors and hedge funds bet the price of an asset will increase or decrease by buying or shorting stocks. Gamblers bet one sports team will defeat another by placing bets. Is there a real difference between these two things. Should one be illegalized while the other is not."
The only difference I see why investing and trading are considered superior to gambling is because you improve every day while if you are gambling you are getting addicted instead of learning. The graph for a trader's knowledge will go up while the graph for a gambler will always be down. Plus gambling has a house edge while trading hardly carries any edge apart from minimal trading fees of the platform you use. If someone is betting on sports and somehow achieves the ability to negate the edge on sports betting through sheer analysis and updates, then it might be worth it for them but actually, such players are banned/limited by most sites because it is quite obvious that if one is able to earn consistently in sports betting over a long period, that means they are doing something crazy because sports betting has a massive house edge.
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Ulven
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March 30, 2021, 06:53:23 PM |
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Investing in futures contracts and gambling have common characteristics and for this they can bring us profit or loss, Because they both rely heavily on betting!!
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CarnagexD
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March 30, 2021, 10:18:32 PM |
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Investment and Gambling are but two sides of the same coin. Both can rake in money, and both could leave you penniless as well if you're not thinking straight. But what I believe is the biggest difference between the two is their purpose. Market Investment is made to make money initially, and Gambling, tho some may argue, is primarily there for entertainment. It's up to you to think about the worth and weigh of the two.
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chaser15
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March 30, 2021, 10:26:34 PM |
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In the sense of other games which are pure luck, I think the difference starts there but it's also debatable that there are investors that are only choosing coins through luck and don't mind if that coin will take time for them to prosper.
Agree so in the end, no need to really differentiate the risks between market investment and the usual gambling investment. Other people can professionally handle trading but not in gambling while on the other hand, there are people who can handle gambling but not trading. But to get profits, it all relies upon our own strategy on both.
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tbterryboy
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March 31, 2021, 02:45:09 AM |
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This has been one of the debates about trading and gambling for which both bear risk and can be said that there's really no difference at all. But in this case, since it's been specified that it's sports gambling, just as trading it requires analysis and case study for you to get closer to the probability of winning.
In the sense of other games which are pure luck, I think the difference starts there but it's also debatable that there are investors that are only choosing coins through luck and don't mind if that coin will take time for them to prosper.
The problem with gambling is that you either win or lose within a time frame as the game gets over but if you are investing in an asset you can just wait for months and even years because you believe in the project. Imagine someone buying bitcoins at 10k then having to see the price drop down to 3k but if they kept faith now they can get huge value but with gambling you either lose or win and there is no chance for you to delay or wait for things to change in your favor. Gambling should only be meant for fun as everyone says and that is because no one can actually win in the long term, no matter what strategies you make you are always going to lose. Investment is made because you believe in a project and just want to buy some shares, a completely different scenario.
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CryptoManiaks
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March 31, 2021, 09:32:42 AM |
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Investment and Gambling are but two sides of the same coin. Both can rake in money, and both could leave you penniless as well if you're not thinking straight. But what I believe is the biggest difference between the two is their purpose. Market Investment is made to make money initially, and Gambling, tho some may argue, is primarily there for entertainment. It's up to you to think about the worth and weigh of the two.
Totally agree! In both cases, people should draw their own line which shouldn't be crossed. Investing constantly and just for the sake of doing so is pure gambling and the opposite. Even in gambling, if you play smart and look for value, it could be considered an investment.
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sunsilk
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March 31, 2021, 09:53:37 AM |
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In the sense of other games which are pure luck, I think the difference starts there but it's also debatable that there are investors that are only choosing coins through luck and don't mind if that coin will take time for them to prosper.
Agree so in the end, no need to really differentiate the risks between market investment and the usual gambling investment. Other people can professionally handle trading but not in gambling while on the other hand, there are people who can handle gambling but not trading. But to get profits, it all relies upon our own strategy on both. Yeah, it's the opposite and the other way around. Where is the person is good at, he/she should be staying on it. The problem with gambling is that you either win or lose within a time frame as the game gets over but if you are investing in an asset you can just wait for months and even years because you believe in the project. Imagine someone buying bitcoins at 10k then having to see the price drop down to 3k but if they kept faith now they can get huge value but with gambling you either lose or win and there is no chance for you to delay or wait for things to change in your favor.
Gambling should only be meant for fun as everyone says and that is because no one can actually win in the long term, no matter what strategies you make you are always going to lose. Investment is made because you believe in a project and just want to buy some shares, a completely different scenario.
That's the difference in investment and as I've said you, don't mind waiting until that coin starts to recover. Gambling for fun is always being said but there really are those gamblers that are very professional and no doubt good at it.
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Mauser
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March 31, 2021, 10:05:55 AM |
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Investment and Gambling are but two sides of the same coin. Both can rake in money, and both could leave you penniless as well if you're not thinking straight. But what I believe is the biggest difference between the two is their purpose. Market Investment is made to make money initially, and Gambling, tho some may argue, is primarily there for entertainment. It's up to you to think about the worth and weigh of the two.
Totally agree! In both cases, people should draw their own line which shouldn't be crossed. Investing constantly and just for the sake of doing so is pure gambling and the opposite. Even in gambling, if you play smart and look for value, it could be considered an investment. I also agree, investing and gambling is both about managing risks. You have money at hand which you want to put to use by either betting, gambling, trading or investing it. All of these things involve risk for which you are being rewarded by money from other people. You can either go long or short in investing, the same goes for sport bets. You can bet that your team wins or losses. Also in the eye of the government these are very similar things, because you need to pay taxes on them. If you know a lot about a company you can trade their stock, if you know a lot about the sport team, you can bet on their next game.
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Ucy
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March 31, 2021, 10:06:18 AM Last edit: March 31, 2021, 11:23:48 AM by Ucy |
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The simple truth , (truth should not be confusing or too complicated) 👇
Gambling is taking big risk, whether in politics, forex, stock trading, investment, sports, etc ,. The big risk is actually what makes it immoral... not the betting itself, otherwise lottery, referee throwing coin in the beginning of a match would be immoral. The general terms should be Betting/Prediction rather than gambling. People typically associate gambling with taking big risk and are/were discouraged from gambling.
Betting has to be safe in order to be considered moral. You can Bet in sports without taking big risk or without gambling.
I have bet few times online but never gambled(except maybe few times in Crypto trading) . I have gambled few times over seven years ago in national stocks and lost alot.
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bitterguy28
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March 31, 2021, 10:28:46 AM |
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I have tried both and let me tell you that market investment or trading like they call it is way more dangerous than gambling.A gambling event for example sport game takes time like 90 minute a match and gives you time to reflect while the market changes every minute and if you become addicted you can cause yourself a lot more damage than gambling and this in a very short time.
You can hold your investments in the long term and you can pull it out anytime you feel like while in gambling overtime you are losing more money even if you are winning because the wins of the present is to offset the losses from the past and in gambling losses tend to incur faster than wins so I don't think that investment is more dangerous than gambling, maybe if you are on a pyramiding scheme then maybe your investment is in danger. HArd fact but true , We may think that winning is on ours today but we don't tend to remember that our wins today is the losses we have in the past. I Know also that we will never win in gambling if we don't know how to invest while in gambling. So we are never winning because we still carried the losses from the past unless we can hit the jackpot, which I do not think will be easy to do. Many people are trying to playing gambling with money, but that only gives your money without winning. something like that mate ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) or we are still living in the past loses haha But if in the investment, you will see the profit come to you in the future, although the price now is down, the chance for the price to increase will still be bigger. So you can choose what you want to do ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Well there is 2 investment in gambling platform that i read in gambling discussion but the one fails while the others earn.
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Fundamentals Of
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March 31, 2021, 11:41:58 AM |
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First, I personally think both of them should stay legal. I mean what is wrong with a game that you can risk to lose money to win more... But I also think same with many. I think both should be regulated. I think biggest reason between gambling and market investment is risk/gain value. Gambling is far more hard to be successful.
Exactly my point also. Both have their own risks. Both are therefore gambling in their own respect. Both could make one make money but both could also take away one's money through losses. Both have also their own sets of discipline. But I don't think it is particularly harder to succeed in gambling than in investing. These are two different areas where one could become a master. In luck-based gambling, it is hard because the bets are not made out of careful analysis, skill, knowledge, etc but if we refer to skill-based gambling like poker or sports betting, there is mastery involved so it is not really harder compared to investing. It only involves a different set of capabilities.
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aysg76
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March 31, 2021, 12:33:53 PM |
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Sports betting or gambling comes under entertainment prespective although we use our skills, knowledge and experience to get exposure to new gambling sites coming in the market to get huge wins.Market investment are done with view to secure our future and have savings in the long run if we have invested in the right project like top cryptocurrencies, stock and bonds or gold or real estate or others.They both are based on your fate and if it's in your side you will definitely will win in the long run.But we need to differentiate between gambling and investment like gambling is more luck based but trading is complete package of your skills and knowledge you cannot blindly invest anywhere.So always play them in their respective area with your goals in mind.
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traderethereum
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March 31, 2021, 01:09:01 PM |
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Investing in futures contracts and gambling have common characteristics and for this they can bring us profit or loss, Because they both rely heavily on betting!!
Do you mean trading in futures? If you do not use analysis before you trade in futures, it can be gambling because you predict if the trend will go down or up. But if you use analysis to trade and know where the trend will go, I think that is not gambling. But I think trading and gambling have a thin line between the two, and the differences are about the skills. Maybe there will be a debate about this because trading without skills is related to gambling. After all, we only guess where the trend will move.
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Renampun
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March 31, 2021, 03:10:42 PM |
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Investing in futures contracts and gambling have common characteristics and for this they can bring us profit or loss, Because they both rely heavily on betting!!
investing is almost like betting and it has been discussed for a long time... everything in this world is basically a bet, when we live and do whatever we want is our bet. so investing is included in the bet as well, I don't know since when it was the difference between bets that were allowed and bets that were not allowed.
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Ulven
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March 31, 2021, 06:56:39 PM |
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Investing in futures contracts and gambling have common characteristics and for this they can bring us profit or loss, Because they both rely heavily on betting!!
Do you mean trading in futures? If you do not use analysis before you trade in futures, it can be gambling because you predict if the trend will go down or up. But if you use analysis to trade and know where the trend will go, I think that is not gambling. But I think trading and gambling have a thin line between the two, and the differences are about the skills. Maybe there will be a debate about this because trading without skills is related to gambling. After all, we only guess where the trend will move. You are right, In fact, investing in trading depends on employing a set of skills that help us close trades without incurring losses. The same thing happens when we bet on sports matches, if we don't have a strategy to work on, we face a big loss!
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acquafredda
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March 31, 2021, 07:03:08 PM |
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Investing and gambling are two different things, come on. I hate to always have to see these sort of misleading discussions. I would never put on the same table an investment with DCA in bitcoin and a $5 bet placed everyday. It cannot be that difficult to recognize the difference. Even other kind of investments win against gambling! You can buy a house, buy some stocks, invest in an ETF... but please, do not think that it is the same as gambling.
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Twentyonepaylots
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March 31, 2021, 09:30:41 PM |
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Gambling and marketing investment are two sides of the same coin, With Gambling, you're gambling for your present, with investment, you're risking your future. Then again, one thing that also defines them is how they are generally seen by the people. Market Investment is seen by many as a way to earn money, whilst gambling, though some may argue as well, is generally seen as a form of entertainment. Both offer hefty profits at the risk of something lost, Gambling could cause devastating losses depending on the person, same goes with Market Investment, although it doesn't happen that much.
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