Bet9ja vs Forex

[Spaceman1000$]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

It difficulty to separate their two, as the both of them are circled around prediction and statistics of possible outcome, forex has to do with the forex market and how you can buy or predict the flow of currency with different signals, however gambling is almost the same thing because it has to do with predictions too, and how good you are with your analysis of games, it can be either football, basketball, volleyball etc, prediction wise you can say they are the same but content wise, they are different, because forex has a different concept on how to approach it.

[Maniagazuri]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

I don't knkw much about Forex but I will tell you not to engage in anything related to betting, how I wish I have someone to give me this advice some years back, betting is so addictive and you can't get it out of your brain trust me you won't be yourself again till you leave it unless you're just playing it for fun and more so gamble can take your life if care is not taking, just don't do betting please.

[KupaCrypto]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

Both Betting and Trading involve risk for inside to get reward. If you do both well (research, preparation, strong news analysis), e fit bring profit, but e go confuse if we no talk about the element of chance.

When we dey compare betting and trading for gambling, the person wey dey gamble always dey one step ahead of the players and e dey win for the long run by turning the odds to e advantage.

Forex traders fit use different techniques to turn the odds for their side. So, trading practically dey more favorable for make money: e get less risk, and e dey follow the laws of supply and demand.

[AVE5]

It is just funny. I heard of a prosperous forex trader saying how he trades profitably per days although he claims to loose too. I have also come across a gambler who claims to be a successful gambler that has been a benefitial to the winning side of his gambling platform and though also, he looses at most.
At the aid of comparing these two resources, I would literarily tend to o believe that they are of the same potentials because you would have to fund your wallet and decides on what denomination out of your funds you want to stake.
It is just so laughable to say those Forex Traders are also gamblers because they funds, stakes and predicts to get results that would determine if they made progress or if they lost.
Generally, they are all games because there are tendencies that you may lost on the both sides.

[Briankimp1]

Comparing both i think the bet9ja will be much preferable, may be cos i don't know stuffs about the forex but one can easily predict a match between both teams, especially when a bigger team and a smaller team are playing, the points there can be clear.
[/quote]

Except when it comes to betting there’s something we call match fixing which we all are aware of this alone makes it a game of lurk but in my own understanding I’ll still take the risk on betting over forex,
I have little knowledge of forex but from my little I can tell for a fact that it’s worse because you’re made to believe that from a proper analysis and calculations you can predict market flow which is not the case most times, I rather try my lurk than deceive myself.

[Gozie51]

The thing wey we go need to know be say the two na different parol entirely. Trade na trade, gamble na gamble . Bet9ja na gambling company so na gamble which main strategy na luck but Forex trade no be luck. I don hear people wey dey lose money  for on top Forex and so if to say na luck base then people go dey collect enough money but for gambling, many people do winning it from different levels both newbies and old gamblers but new traders no dey cash out from Forex from wetin I hear. So no be about analysis or the same analysis matter but different skills entirely.

[MainIbem]

Gambling is even the worst trading you can stop and exit from market while gambling doesn't have any exit ones you stake no backward, that is why partially trading is good but in trading it would require you to study more and develop yourself otherwise you wouldn't know how to manager  your funds properly unlike gambling. Gambling doesn't have any control ones any that is kept for gambling is mapped out and probably you stake with it if the game goes against you then you lost all your money.

Na so e be i know say some people go still argue say na same tin yes me agree but you supposed look am the other way round so that una go understand, dis kind argument bin don dey on ground since still people say na trade beta pass gambling.

[Salahmu]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

When we talk about the risk involves on Forex and bet9ja, they are actually the same because nothing is certain but however in times of complexity there is no way we can compare bet with Forex trading because in as much as bet seem very complex in times wining but it doesn't really require much learning and experience perhaps anybody that regularly watch football can easily play a bet and make a win, although I'm disputing the fact that bet is not difficult but my points is that in times of bet there is no knowledge requires or schooling all the person needs is just to pick a club he or she feels that is okay for them and bet.

But however when we talk about Forex trading it requires a serious critical thinking and someone who has no knowledge about Forex trading cannot venture into it because there is every possibility that you will get your blown, so actually Forex requires having a good knowledge preferably enrolling yourself to Forex school to learn the fundamental and echnical analysis to enable you understand or interpret the market direction, and also even knowing all that is being explained above there is still chances that you can be able to make loses, so I believe you understand now that Forex trading is more complex than bet9ja.

[Mate2237]

That is indirectly you are asking or you want to know the difference between gambling and forex trade. Let see how it goes. In gambling you choose who will win the game and you wait for the outcome after betting and your prediction is that your team will the game and in the process if you want to cash out because of the uncertainty of the game. In gambling there is no entering point.

Forex trade is an online calculative and chart platform which you predict the market price to enter the trading platform and they is an entering point and exit point. But in gambling the prediction is to win the game and not for the amount or the price. Therefore from the above mentioned, Bet9ja and Forex trading are very two different things all together. They are not even related.

[Troytech]

OP the difference is very clear, we know that forex may seem like a prediction but I don't think so. I'm opportunied to have some experience by beign around a lot of forex traders. Forex is all about speculating the market directions based on facts surrounding it, by fact I'm referring to the causes of this actions. In forex I'll prefer to say it this way your the player and your playing against the market or with the market based on your choices, but it's speculative because it involves some calculations and chart reading.

But gambling on the other hand is more like having two card on the table and your been asked to pick the card with the highest number. Its uncertain in a way but just pure prediction since your totally uncertain about anything.
 

[CryptopreneurBrainboss]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

The two of dem dey different but first make I clarify you on the words wey you use. Forex is too big to dey compare am with bet9ja, bet9ja na just a company in sport betting no be say na gambling in general while Forex na the trading of all fiats currency so wetin you fit use compare bet9ja na just NGN/USD trading pairs but we understand you because na we we dey here. Rename your thread, Sport betting Vs Forex. This type of topic sha we dun discuss am well for this board but I go throw in small thoughts of mine. The two of them dey similar in some ways as they have to do with making prediction but them no be the same as them get their difference.

Some of the things wey make dem dey different include;

• Sport betting is just a prediction of which team will win a match among the two teams playing while Forex trading is the prediction of how the market is going to move so Forex dey more serious than sport betting.
• Sport betting isn't a skill but Forex trading is a skill that can be learnt because trading is teachable and can be reciprocated while betting isn't.
• Sport betting depends more on luck but Forex trading depends on your level of understanding of the market. If you no sabi trade you no sabi but you fit use your luck pick team wey go win and you win.

Big difference dey between sport betting (as na wetin be9ja be) and Forex trading so make you no dey follow people mouth wey dem no know wetin dem dey talk. Sport betting no be serious career path to follow but Forex trading na very big career path wey go fit make you bastard money wey sport betting no go fit give you. Once you know Forex you dun know am and na steady cashout go dey come your side but sport betting just belike wetin you go dey do for entertainment and you no supposed take am serious.

[Y3shot]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

Gambling is more unpredictable than forex trading. I know in forex trading you can't predict the market but if one has gotten a good knowledge in learning forex trading and knows what he is doing , one can still make some profit and also manage the risk in trading. But Gambling is unpredictable which you can't even depend on as a source of income. Forex trading is better to me because I consider it to be a skill that people can look up to even if the market is unpredictable.

[sotelorene]

There are so many difference between bet9ja and Forex though they have little similarities. Bet9ja has a maximum amount of winning while Forex doesn't, in forest you can make profit as much as possible and nobody will query you and again Forex deals with currency exchange while Bet9ja doesn't  while one of the similarity is that you can place a trade and bet at your comfort zone and both. There are a lot of difference and similarities I can't be able to list down here.

[Bright0515]

Omo the two dey very difficult to predict I swear the way football dey now if u predict all players to wear boot on fit go wear slippers enter pitch no be small but the advantage wen this one get over this forex na say even with small money u fit take run am. You dey watch football you dey see wetin dey happen some people wan carry hundred naira play 20 games of two odd for one ticket to win millions Omo e go shock u.

Omo for forex calculation wen plenty no be chais you go dey carry ur own two eyes dey see say ur money dey loss and the stake sef dey plenty pass bet9ja, person go calculate till smoke go come out from head finish. For me I rather play bet than trade forex oo.

[Mayor of ogba]

Thank God you said maybe it's because you don't know stuffs about forex because for me I think forex trading is actually more better because of the probability ratio whereby gambling is luck base for me the difference between the two is that one of them you can actually calculate the outcome and work on it but that's only if you have studies and carefully understood the pattern to which it takes but for betting, it's more difficult to predict because even if you check the stats of the teams you still won't be assured of a correct result because of the luck factor that is in place in the sport.

People who often lose a lot in betting are those who prefer using little amount to stake games just to win millions. Some people might carry on 30 games on their slip with a bet of 1k, among his predictions just few will cut the game.
Imagine If he should carefully pick just 2 games having total of 2 odds then staking with 500k that's automatically a 1M win.
Betting is total risk, you take the risk to make profits same with forex, heard how some people lost 1k$ in an instant while doing forex.

This is the wrong strategy in gambling, and that is why most people lose a lot of money in gambling because they think once they have accumulated two odds, the bet will play as they predicted. One thing we must know about gambling is that it doesn't matter how many odds you have accumulated; what matters is for your games to play the way you predicted them to.

[Obim34]

This is the wrong strategy in gambling, and that is why most people lose a lot of money in gambling because they think once they have accumulated two odds, the bet will play as they predicted. One thing we must know about gambling is that it doesn't matter how many odds you have accumulated; what matters is for your games to play the way you predicted them to.

Even a small one, as little as 1.5odds fit cuts the slip without doubt but packing a lot of games is not necessary and pointless. If a slip of just two games can cut den how much more that with compilation of twenty plus games. You rarely see people make profit from this compilation of games cause it barely happens as few of the games will fall short. To be on the safer side, limit your game accumulation and stake higher(what you can afford to loss) to be on the safer side of winning.

[Mayor of ogba]

This is the wrong strategy in gambling, and that is why most people lose a lot of money in gambling because they think once they have accumulated two odds, the bet will play as they predicted. One thing we must know about gambling is that it doesn't matter how many odds you have accumulated; what matters is for your games to play the way you predicted them to.

Even a small one, as little as 1.5odds fit cuts the slip without doubt but packing a lot of games is not necessary and pointless. If a slip of just two games can cut den how much more that with compilation of twenty plus games. You rarely see people make profit from this compilation of games cause it barely happens as few of the games will fall short. To be on the safer side, limit your game accumulation and stake higher(what you can afford to loss) to be on the safer side of winning.

Thank God you know this. So it is not advisable to stake a bet with 1 million Naira when you are sure even though you accumulated 1 odd, you will still lose the bet if it doesn't play according to how you predict it. Those who accumulate 20 games in one slip have a lower risk of gambling because they have adopted a strategy that will reduce their risk of gambling. For Instance, Arsenal will be playing against Crystal Palace at home tomorrow, and we know that Arsenal is the favorite to win against Crystal Palace, but when those people who used to accumulate 20 games in one slip will play Arsenal and Crystal Palace games, they can play Arsenal to win or draw, which has made them be on a safer side.

[Zigabel]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

The two no be the same time at all just that both of them get something in common which is the aspect of risk and predictions but for forex your predictions no dey like bet Naija wey na forecast you dey do , you gats do analysis based on one or two things wey you know and this things na things wey you go learn first, na why we dey get forex academy but you no go fit see bet9ja academy because forex na skill wey you gats learn make you use am do your work but e no be like dat for bet9ja , dem no dey learn or use bet9ja do work, people dey invest for forex wen dem see people wey Sabi do forex well but nobody dey try am say make dem invest for bet9ja because dat wan na 50/50 but forex if you Sabi am well you fit tell how much you go fit make for one month or even within weeks, plans dey gats dey wey you go follow.

The two of them no be d same tin but dem share some kain similarities but e still no make dem d same, professionalism dey forex but e no dey bet because bet sef no b to make money dem do am for na for jus fun wey fit pay u but forex na work wey gats pay u.

[#Greatest]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

If you concluded that bet9ja, sportybet or gambling in general is the same thing as forex, then I will assume you don't know forex or you know gambling but don't understand what forex trading is all about.

Gambling is making predictions with a platform and with this predictions it comes with a stake and that stake is what you lose to get what you expect. If you stake something, it gives you or gives nothing, you can stake your house for example that bitcoin will reach $50k before the end of this week but know that your house has become more like a collateral stake that will give you more than what your house worth. If bitcoin price reach the amount agreed, you will be return a heavy amount of money that can give you 20 times the value of your house by the company you stake the house with but if bitcoin fail to reach that price, you are going to lose your house.

Similarly forex is just like trading, you buy an assets with hope in mind that the price is going to appreciate later in the future. Just like I use a house as example, I will do the same here. If you decide to buy a house today for instance for $50k and you an to resell it in the future for 2 time the money you used to buy it and after some years, it yield more than that amount, the you get more profit from your investment but if some unforseen circumstances happen, the price may fall below what you bought it but if don't sell, you haven't really loss. What you have in that moment is unrealised loss, you can still hold until when the price appreciate again to make your capital and profits, this is what gambling doesn't give you.

However, forex has option of trading that looks like gambling which is margin trading, that's what most people does in forex and because they know nothing about it, they lose their trading funds most of the time.
Margin is like betting that price of an assets will appreciate later in the future, it's like a contract between two people that something will happen and this between two opposite traders, one is betting that it will go up and the other is betting that it will come down. Any of them that happened later is who will win and the other person with opposite predictions for home with nothing, that's basically how margin works. Gambling and trading is never the same.

To me you’re practically saying the same things but using different word play in both contexts …. Both forex and betting comes with a stake …. Something is always at stake … you’re putting something on the line with hopes that the odds play in your favour …. They both deal with analysis and prediction… so to me I’d say they’re are cousins😂😂

[Obim34]

Thank God you know this. So it is not advisable to stake a bet with 1 million Naira when you are sure even though you accumulated 1 odd, you will still lose the bet if it doesn't play according to how you predict it. Those who accumulate 20 games in one slip have a lower risk of gambling because they have adopted a strategy that will reduce their risk of gambling. For Instance, Arsenal will be playing against Crystal Palace at home tomorrow, and we know that Arsenal is the favorite to win against Crystal Palace, but when those people who used to accumulate 20 games in one slip will play Arsenal and Crystal Palace games, they can play Arsenal to win or draw, which has made them be on a safer side.

I don't know if you at times gamble, then maybe you won't be saying such. You know picking two games with a 2.5 odd is more valid rather than selecting a lot of games, this strategy is applied by those who have enough resources to gamble not just anyone who will cry on huge loss. An accumulated odd of 2.5 being staked with 1 million naira will give a potential win of 2.5 million naira just on one trial. This is what many will spend there days dreaming about, trying to win millions with penny.
At times I feel gambling is most likely to be for the rich or average people and not the poor ones. 7