Prove me wrong: Gambling is both more relaxing and entertaining than trading!

[STT]

Gambling is supposed to be for entertainment, both have a costs and risk to them but I'd say obviously the gambling is supposed to be more fun.  Trading is in theory the work end of risk vs reward gambles, theres a fair comparison between them but in trading you will find your competitors are deliberately trying to trip you up and give a false perception.  Gambling is far more the game vs the people rather then each other, sometimes like Poker is vs each other but still I'd argue knowledge of the game with experience is your greatest challenge.

[Findingnemo]

With gambling, you chose on who to bet when to bet , once you do you you wait for the outcome at a fixed time!
With trading you chose your pair coins, you have to wait for the price to reach what you think it's an entry point and then set limits , watch the damn numbers even for days, even if you cash out in profit there can always be a regret you haven't kept the position opened.

So prove me wrong (if you think I am), what am I missing?

It's all about our perspective,

About sports betting my perspective contradicts completely with yours because if I bet on something it adds a bit more extra pressure in the back of my mind which can ruin the experience of watching the game, we just expect all the time the result should be in the favor of our side even if the bet amount is negligible because that's the common psychology of human we don't really like to lose.

Trading, we get to choose to be feel relaxed if we don't rush things and long-term trading is no stress once we fix how much our target price to be and open the trade and wait until it hits it which could be days or weeks but we know what is going to be the outcome of it.

[wallet4bitcoin]

This OP is true to a limit but I'll disagree to an unlimited point. Trading, when responsible, is managed and risk is reduced to its barest minimum.
Gambling, on the other hand, is not like trading. It has more to do with luck than skills which is the basic for trading. You also know what you are to loose when you set your parameters right but it's not the same with unhealthy gambling.

[bocyaj]

Well it surely is more entertaining as by doing trading you get nothing as an emotion,sure you get that feeling I find it right and I won some money in the best case scenario while by gambling you are enjoying the graphics,music and theme of the slot,when you hit the bonus round and expect to win huge it is a feeling that you never will encounter in any trading session.

Trading is a whole lot more like sport betting as in there even when you bet you don't get more entertainment than in trading,you just place your bets and wait for the outcome,just like in trading you do your calls and wait for the outcome.

The trading will have the separate thrill and benefit,but the gambling had their own audience over ten decades because of it’s unique features.In general,the gambler was forced to loss some dollars in the gambling site.But still the gamblers will back to gambling in a week time,do you know what is the reason for it.Because the gambler will get the good entertainment in the gambling site.Some other gamblers will back to gambling site to recover the old loss occur in the gambling site.

Gambling is basically an emotional addiction especially in my case I consider it as the only source of entertainment. I never take gambling seriously outside of entertainment. Especially one day a week I only bet on sportsbetting. But when I get enough free time, I gamble two or three days a week. But I never consider gambling as a source of income.
However, trading is one of my main sources of income for my bitcoins. I keep myself connected with trading regularly and to say that I manage my family support as well as my study expenses mainly through Bitcoin trading.

The gambling addicted person should play the game for the joy with few dollars.So his addiction also fulfilled and only few dollars will be the loss for them.But if the gambling addicted person play for the longer time with huge dollars,he may loss all the dollars and start to get loan from their friends for the next game in the gambling site.

[coin-investor]

You can lose money on both but when it comes to the level of excitement, trading is nowhere near gambling, one of the reasons why people gamble is because they want to be entertained, but you cannot find someone who trades for fun, they only want to make money when trading so if you're going to create a poll I doubt if trading will win, trading is for serious people who wants to make money in the market, it takes a lot of effort and time and it's not fun doing this compared to gambling, in gambling you can just bet and forget and let luck play its.
You cannot do that in trading because in trading there are a lot of factors involved you're just throwing your money without any chance of profit if you just pick any trading pair.

[DubemIfedigbo001]

Gambling and trading have different motives that drives them, trading is approached with the money making mindset and gambling is with a fun catching mindset. A man cut out to make just money is having less fun, if at all while making money. Trading also comes with lots of restlessness and panic and personally, I don't find that interesting at all.
Gambling on the other hand helps you relax and ease off stress bearing in mind that you're there to catch cruise and nothing more, and personally, I have little or no expectation from gambling which maintains me on the fun side of it. Most times, I gamble just to see how accurate I'm in predicting outcomes, and that's all.

Gambling is more fun inclined when you set out on it with the right motives, but beauty surely is in the eyes of the beholder.

[Rufsilf]

With gambling you can feel the thrill, and excitement especially if you win the games but sometimes you also get stressed and keep overthinking what the outcome of the game will be. If we talk about trading, on the other hand, part of you will be sad and the feeling of exhausted because you daily check the situation of your account. If it is the state of your money gone high or low? But you will also be happy and rejoice when the market price increases.

So overall, gambling and trading can't be far apart because they have the same goal. You as the investor or the bettor and them as the instrument to give you profit and give you the thrill and problem as well. The problem because the moment you invest your time in this kind of money-profit thing, you have no choice but to finish what you have started.

 Just remember to be a responsible gambler and a trader.

[Mauser]

With gambling, you chose on who to bet when to bet , once you do you you wait for the outcome at a fixed time!
With trading you chose your pair coins, you have to wait for the price to reach what you think it's an entry point and then set limits , watch the damn numbers even for days, even if you cash out in profit there can always be a regret you haven't kept the position opened.

This is a good summary of the difference between trading and gambling, but I think you can get entertainment from both of them equally. Both trading and gambling can be done freely whenever we feel like it. There is a difference between building a long term crypto portfolio where we don't need to do much trading and can enjoy watching our balances grow, and a more risky short term portfolio where we need to be more active and trade regularly. The big difference between gambling and trading is that with gambling there is no coming back of a failed bet. Once we place our money we quickly know if we won or lost, there is no in-between. This can be entertaining if we win, but once we lose all our money this is devastating. In trading we still own the coins and don't need to sell at a loss, there is still a chance for the next bull market to recover our positions. So, for small amounts gambling might be more entertaining, but for large amounts and our savings I would always prefer trading and building a large crypto portfolio.

[panjul07]

First of all gambling and trading are 2 different things so basically it is not apple to apple if we compare both.
Secondly, gambling can be something more stressful if we out of control both emotionally and financially.
Finally, it is all about preferences because some people may enjoy more on trading than gambling and some other people feel the opposite.
And some may feel relaxed and entertained with both gambling and trading.

[Woodie]

LE as I am reading the replies
Maybe thrilling was more appropriate than entertaining so feel free to use that!

As it seems I'm the only one betting on horse racing around here we need a bit of intro for this

So, two races out of 4 done by 12:18 GMT time and both horses I was backing, favorites,  Hunters Yarn and  Kourosh dropped their jockeys at the last hurdle, the first did it while being in the lead by 10 lengths, the second when battling for the first place, lost a bit on them and probably more to come as I'm 1 out of 5 bets right now but I didn't feel any remorse or regret or anything like this, moreover I feel really good because I saw some really entertaining races with a change in the last moment.

If you put it this way, it is quite thrilling especially that it gives one that thrill but the thing I hate about such sports such as horse 🐎 racing is that it takes away your emotions in the long term which affects your social well-being with people around you..

Btw which race course was this, would like to look at the racecard...

On the other hand, whenever I trade even if it's just small, really small positions and I lose a few $ I feel bad, I always tell to myself why I even bother to do it.

The thing about trading is that losing is part of this game,  and to succeed you need a tried and tested strategy to survive otherwise you will keep losing.

Btw to trade you also need to take away emotions from the equation as price could be going against you and the second you close a trade prematurely to save money that's the very second price turns into your direction and this is the kind of trading to avoid...

So hear me out:

With gambling, you chose on who to bet when to bet , once you do you you wait for the outcome at a fixed time!
With trading you chose your pair coins, you have to wait for the price to reach what you think it's an entry point and then set limits , watch the damn numbers even for days, even if you cash out in profit there can always be a regret you haven't kept the position opened.

Someone this isn't a valid reason!!!

What you described is swing trading otherwise you want trades to be settled within a day or short time frame then go for lower time frames like the 1hour, 15minutes or 1min or possibly even the seconds timeframes....

So prove me wrong (if you think I am), what am I missing?

For me I enjoy both worlds, but if you say gambling over trading is your preference then it's either you haven't allowed yourself to perfect your strategy or you bias on this...

[danherbias07]

Thrilling. I agree with that.

First off, trading actually gets boring once you get used to it unlike how it is with gambling.
You on the other hand are in horse racing so I think you will also understand sports gamblers because it's just the same that we have picks on what horse we want to win. Boxer in boxing, Fighter in MMA, Teams in Basketball, and so on.
The difference is we feel the game whenever we watch them while our money is on the line and there's a part that we cheer our lungs out while we feel the heat of the moment. That never occurred to me in trading and I don't think it will, ever.
I have been a sports gambler for a long time but until now I still get that feeling of being hooked with the game and I try not to miss one. Sometimes I watch 3 games in one day when there are so many listed.
I never get bored yet and I don't think I will. The gambling part adds so much flavor to make sports more entertaining.

[Ruttoshi]

I agree with you OP, gambling is fun and relief from stress of the day or stress during the week. You can entertain yourself with your friends during the weekend with your favorite gambling games as long as you are not after making profit. Like this  weekend, I am a fan of sportbet and I always chill with a bottle of beer with my friends to watch the matches and see if we made the right bet.

Trading is to complicated and have no fun in it because it is stressful and needs high level of skill in it. I don't trade and from what I have observed traders don't smile until they have made profit but you will see a gambler losing and he is still happy.

[Outhue]

I don't do horse race gambling but I am not so sure about your claim, because I believe that gambling is more entertaining than trading, anyone who goes after trading goes there to make money, there is nothing like entertainment in trading, you are going to be on the edge of your sit watching how things goes, even if you are using small money in trading you are always going to hope you win, but...

I like trading for one reason that I believe its good enough, that's skills, if you are good with trading you are going to make more money with confidence, knowing that you will make more money since all that matter is how good you are, unlike gambling..

I turn gambling into entertainment because

1. The chances of winning is far too slim to risk any high amounts on, there is not too many skills important in gambling than to manage your bankroll.

2. Its you against the house, another human just like you selling you a lottery ticket where the chances of winning only belongs to the house ( the CEO ).

Its just safer to use small money and watch your game, if anything good happens its good and if the other part happens you don't lose any good money.

For me, Skills on anything wins more than taking risks on lucks, you are like a blind man without his walking stick.

[Davidvictorson]

So prove me wrong (if you think I am), what am I missing?

stompix you are not missing anything. Anyone who tries to prove you wrong just loves trading more than gambling. The person is beginner in gambling and a intermediate or expert in trading.

With how you have narrated horse race betting, I have now taken interest in it but in my country we don't do horse racing. In gambling even if you lose money, you leave there thrill to an extent most especially when you played your cards right and followed it religiously. In trading you must follow the market - when it is opening, when it is closing. Your heart would constantly be racing if you didn't set a stop loss etc. The point is gamblers are calmer than traders

[Beparanf]

With gambling, you chose on who to bet when to bet , once you do you you wait for the outcome at a fixed time!
With trading you chose your pair coins, you have to wait for the price to reach what you think it's an entry point and then set limits , watch the damn numbers even for days, even if you cash out in profit there can always be a regret you haven't kept the position opened

There’s a counter part of this on trading which is Binary Trading or Options trading which you will predict what’s the price position(below or over) to the current position on the given time frame same with betting on gambling.

However trading options is boring because you are just waiting and watching for the price compared on sports betting or in your case horse racing which you can enjoy watching the game and at the same time feel the thrill due to the money involved.

[stompix]

If you put it this way, it is quite thrilling especially that it gives one that thrill but the thing I hate about such sports such as horse 🐎 racing is that it takes away your emotions in the long term which affects your social well-being with people around you..

Btw which race course was this, would like to look at the racecard...

https://www.sportinglife.com/racing/results/2023-12-16/fairyhouse/774267/irish-stallion-farms-ebf-beginners-chase
Hunters Yarn was in like a no contest race, there was no horse to threaten him other than the fence
https://www.sportinglife.com/racing/results/2023-12-16/cheltenham/770961/jcb-triumph-trial-juvenile-hurdle-gbb-race
Kourosh dropped at the last, he is not shown as favorite in results but it was best odds 1 hours before the meeting, 5/4 compared to 7/4 for An Bradan Feasa

What you described is swing trading otherwise you want trades to be settled within a day or short time frame then go for lower time frames like the 1hour, 15minutes or 1min or possibly even the seconds timeframes....

How can you settle your trades if the market doesn't move?
The game will start at 12 and finish at 14, the market can say FY and not move for 3 days! What can you do but wait like a meerkat on top of your pile of trades?

This OP is true to a limit but I'll disagree to an unlimited point. Trading, when responsible, is managed and risk is reduced to its barest minimum.
Gambling, on the other hand, is not like trading. It has more to do with luck than skills which is the basic for trading.

Same question that I asked others, if you think trading is just about knowledge and no luck, how come you're not a millionaire or billionaire by now relaxing on some beach with two yachts and 20 lambos in the parking lot? Oh wait, it's not like that in reality, right?

With how you have narrated horse race betting, I have now taken interest in it but in my country we don't do horse racing. In gambling even if you lose money, you leave there thrill to an extent most especially when you played your cards right and followed it religiously.

I'm watching only UK and Irish races despite not being from the UK, my country has just a few races like 4 festivals that are really of any importance and I never bet on them as I always find it hard to go again though all the history and time form of jockeys and horses.
So, you can bet on everything that matches your time, I would bet on US racing but because of the time schedule they are at night here  so it just feels weird.

[Unbunplease]

I don't do horse race gambling but I am not so sure about your claim, because I believe that gambling is more entertaining than trading, anyone who goes after trading goes there to make money, there is nothing like entertainment in trading, you are going to be on the edge of your sit watching how things goes, even if you are using small money in trading you are always going to hope you win, but...

I like trading for one reason that I believe its good enough, that's skills, if you are good with trading you are going to make more money with confidence, knowing that you will make more money since all that matter is how good you are, unlike gambling..

I turn gambling into entertainment because

1. The chances of winning is far too slim to risk any high amounts on, there is not too many skills important in gambling than to manage your bankroll.

2. Its you against the house, another human just like you selling you a lottery ticket where the chances of winning only belongs to the house ( the CEO ).

Its just safer to use small money and watch your game, if anything good happens its good and if the other part happens you don't lose any good money.

For me, Skills on anything wins more than taking risks on lucks, you are like a blind man without his walking stick.

In essence, trading is the same as gambling. You can study a lot of trading books, draw seemingly correct charts, develop a bunch of strategies - and still everything can go wrong. The market is completely unpredictable. If you engage in gambling using certain strategies, you can also achieve stable results

[bitvalak]

I don't know for sure what percentage of middle to lower class people gamble just for fun, what is clear is that the percentage is definitely high because many of them get depressed when they lose gambling.
But for most middle and upper class people, gambling is a way to have fun, not a place to earn income.
Likewise with trading, it will be very tiring and stressful when we take it as something very serious, therefore it must be considered as something fun.

[Saisher]

I find trading pretty boring I have a hard time with graphs and the many lingo and jargon associated with them, gambling is fun, entertaining exciting gambling platforms promote themselves as an entertainment portal but you can not say the same with trading, all he books and strategies and experience about trading are all about making money, it hardly mentioned that trading is fun so you should not expect to make money.

[Westinhome]

I find trading pretty boring I have a hard time with graphs and the many lingo and jargon associated with them, gambling is fun, entertaining exciting gambling platforms promote themselves as an entertainment portal but you can not say the same with trading, all he books and strategies and experience about trading are all about making money, it hardly mentioned that trading is fun so you should not expect to make money.

The trading entertainment will be felt only if you had earned some money from it.If you had loss money by the random trading,then trading will be look like the boring subject to yourself.If you want to hear the music of trading,you should learn the music tone of the trading skills in the trading.Like wise gambling also the interesting subject,if you had improved the skills in the gambling and make some huge profit from the gambling as kike the professional gambler.The expect of the gambling will survive in the gambling for the longer period by their analysis of gambling in each game and rectify their mistakes in the next gambling games.The gambling will be the entertainment giving,if you had never expected the profit from it.