What’s better to make a good profit - Trading or Gambling?

[Phu Juck]

Trading and Gambling are often brought up when it comes to generate a speculative profit because for Gambling and Trading, it always needs luck for us to happen and to generate a profit. It’s said quite often for Gambling and Trading to be a source of income despite very speculative gains, so let’s discuss how Trading or Gambling can deliver us profits and which one is better.

Trading and Gambling seems to follow a strategy

For Trading and Gambling we can select various strategies and experts are also giving trading and bet practices how to trade or how to gamble but is it really possible to make a profit from a Trading or Gambling strategy?

Long-term, I have doubts because Trading and Gambling are very tied to luck but we can indeed make a big profit if we have luck. Only requirement is to have luck and we can indeed make a big win and big profits. But such a win is not to be taken as to be repeated and next time, we can lose big time, even from our formerly positive strategy.

Sports bets are not similar like online Casino Games

It has to be said we should also differentiate between Sports Bets and online Gambling like online Casino Games, Dice Games, Slot Games or similar.
While online Casino, Dice or Slot Games are very risky because on average we will lose, we have to make a closer look to Sports betting.
Sports betting is a very broad sort of betting on all sorts of Sports, where we can select a market, which we like and which we want to bet on.
We can bet on markets like here on football:
-   Winner of a game
-   Total number of goals
-   To get a penalty kick
-   Total numbers of cards shown
-   Total number of corner kicks
-   Player to score a goal / get shown a card

It is a wide range of markets to bet on and we will have a possibility to make a personalized strategy for whatever market will be available, so our chances are pretty much better compared to a simple Dice game, where on average, we will lose for sure.
It’s quite possible for us to make a profit by having a good betting strategy.

Trading vs. Gambling

Trading is similar speculative like Gambling because in Trading, we make a speculation if, for example, Bitcoin’s price or any Altcoin’s price will go up or down. We can’t predict it for sure but we can analyze patterns and market movements to make a decision. Similar, like Gambling, Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.

Of course, we should not rely on profits from Gambling or Trading because it is a very risky strategy and always depends for big parts on luck to earn money for us.

[Frankolala]

You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

If you don't understand trading or have a good trading skills and your are trading, it is the same thing as gambling for the person because he will always run at loss just like gambling that is more of losses.

[Charles-Tim]

Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.

Many traders will argue this with you. That trading is good not based on luck but knowledge, experience and the pattern that you are using to trade. Although, they will also say that trading is highly risky like gambling and betting but not the same and that trading is not about luck.

[crwth]

We all know the differences between trading and gambling and I think it could be summed up in short sentence. Trading is more on speculation whether or not the prices will go up or down and could be improved with analysis while gambling relies on luck only.

We all know there are different variations for gambling, but mostly it’s with luck.

Are you looking for something that would make you earn a consistent income? I think trading would be more feasible for this kind of need.

[Egii Nna]

The post is so much that I don’t have time to read over everything, but from the topic, I can convey other things. These two sources that you mentioned are apparently different and not even close to being compared because, as you know, trading is more and more unique than gambling. trading has many futures and advantages that will make it far better when it comes to getting profit. because in trading you hardly get addicted because it deals with daily research and having knowledge, and it also includes some helpful techniques that do not make you lose more, like stop-loss and many other 
 
But in gambling, you will just have to stake your money under a prediction that you are not sure of, and if you lose, you will definitely lose all your money, so even though you are supposed to know if you gamble at the same time you trade, you will know that gambling is more risky than trading. 

[salad daging]

It is better to trade to make a profit than to gamble, we know that trading is not based on luck but there are techniques and analysis that they combine with some patterns that they have, so this is not exactly the same as gambling because for me gambling is purely due to luck.

True, both have risks, but you probably know that the biggest risk of losing is in gambling not in trading, even I have many friends who are traders he successfully has a profit in every trade even though it is not big, he is just disciplined to take profits in the sense that when it reaches the target will take profits even if it is only 5%.

[Sunderland]

The only difference is "initial capital" we need large capital in trading to get decent profits.
With the balance of $100 it will take time to get 100% profit from that $100, whereas in gambling you can get 100% profit quickly or lose $100 quickly too.
If you have "enough money", it is clearly better to do trading.

[Charles-Tim]

It is better to trade to make a profit than to gamble, we know that trading is not based on luck but there are techniques and analysis that they combine with some patterns that they have, so this is not exactly the same as gambling because for me gambling is purely due to luck.

True, both have risks, but you probably know that the biggest risk of losing is in gambling not in trading, even I have many friends who are traders he successfully has a profit in every trade even though it is not big, he is just disciplined to take profits in the sense that when it reaches the target will take profits even if it is only 5%.

Trading and gambling are both risky. See these:

Trading:

According to a study by the University of California , Berkeley , only about 10 % of traders are able to consistently make a profit and succeed as full - time traders . This means that the vast majority of traders , 90 % , either break even or lose money in the long run.

Gambling:

About 13.5% of gamblers go home from a casino having made any money. This statistic comes from a study of 4,222 gamblers, and only 7 of them won more than $150. Conversely, 217 of them lost over $5000 at casino games. Also, note that those who play more often have lower chances of winning.

I have checked several studies in the past and till now that most people that are trading and gambling are losing money than win. That is why it is good to see both as a way not to make money. But trading is better if you can be patient, not using leverage and not going for highly volatile coins.

[Richbased]

Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.

Many traders will argue this with you. That trading is good not based on luck but knowledge, experience and the pattern that you are using to trade. Although, they will also say that trading is highly risky like gambling and betting but not the same and that trading is not about luck.

I agree with you basically because I have seen a lot of traders who achieve something meaningful through trading but in gambling it's only few people that talks about being successful and majority of gamblers are always at the losing end. Even though trading is as risky as gambling but when you are equipped with the right knowledge and technical skills you can become a successful trader. I have seen a lot of people who are addicted traders and are making it but hardly you see an addicted gambler talk about becoming addicted due to always winning when they gamble. Gamblers always lament about their losses. Traders don't lament all the time because they also gain most of the time. The only reason why trading is not good is because a forex or crypto trader becomes addicted easily unlike a gambler. Before a gambler becomes addicted it means they have had the taste of winning and want to win more or have ran into series of losses and trying to recover losses or maybe wants to get rich through gambling and believes he can get lucky if he gambles continuously. Above all whether a gambler or a trader, they should do it with consciousness and make sure they don't get into severe addiction.

[boyptc]

Of course, we should not rely on profits from Gambling or Trading because it is a very risky strategy and always depends for big parts on luck to earn money for us.

There are both professionals on these industries. Gambling experts and professional gamblers, on the other side, those that are professionally trading.

We, we're not good with these two and we can say that we can't rely our source from these. But those that have been making these two as their bread and butter, and they're able to prove themselves we can't question them if they're telling that they're good in their own expertise.

This discussion of trading and gambling is going to be an unending discussion with its comparison.

[salad daging]

Trading and gambling are both risky. See these:

Yes, that's what I said:

According to a study by the University of California , Berkeley , only about 10 % of traders are able to consistently make a profit and succeed as full - time traders . This means that the vast majority of traders , 90 % , either break even or lose money in the long run.

About 13.5% of gamblers go home from a casino having made any money. This statistic comes from a study of 4,222 gamblers, and only 7 of them won more than $150. Conversely, 217 of them lost over $5000 at casino games. Also, note that those who play more often have lower chances of winning.

Research this:
10% traders to make a profit.
Gambling was only 13.5% of the 4,222 gamblers in the overall study, so in the overall trade it is better because there is no mention of the number of traders involved.

I have checked several studies in the past and till now that most people that are trading and gambling are losing money than win. That is why it is good to see both as a way not to make money. But trading is better if you can be patient, not using leverage and not going for highly volatile coins.

I didn't do any research on trading, just have a friend he trades in futures with low leverage, he just showed the little profit he made, he also said he had experienced losses.

So I agree with you trading is better as long as we are patient, maybe that is the key.

[Agbamoni]

Both are associated with risk, no one is better than the other. Only that one may have a better advantage over the other in terms of the possibility of giving you profit or returns. The difference between trading and gambling is that trading has a pattern especially when you are trading the stock market which means there is a strategy that can be used to harness risk and make a profit. While gambling is mainly structured on luck. Now compare both and see which you feel if you go into will give you better profit than the other at the end of the day.

[Hispo]

I don't think gambling and trading are as comparable as you may think they are actually. A gambler in the long term is always supposed to statisticslly lose money to the casino, so the establishment can continue to function and also to pay winners, on the other hand, statistically traders not only depend on luck or in the randomness of the market, there are indicators, rumours, news to be followed, and patterns in the candle graphs which can be auxiliary in the objective of the trader to make a profit, it is very different from the approach slots, dices and crash have, in my opinion.
With trading, a person has more control over the risk they are willing to take and can also choose which market is more suitable for them. So while there is indeed a component of luck with trading, is not so dominant as it is with gambling.

Just my two satoshis.

[Nrcewker]

It’s very simple to answer. Gambling is all about luck, whereas in trading some luck and more skills are required. So in the long run, yes, trading can give you good profits if you do the research properly and do the analysis according to the market. On the other hand, in gambling, the probability of getting huge returns is high, but you also need to take an equivalent amount of risk. At the end of the day, it’s all about your risk-taking ability. Be it trading or gambling, the higher the risk you take, the more profit you make. Hope this clears some of the confusion.

[electronicash]

there's less risk if you hold and trade your coins during bull market. the only time when trading becomes more risky is when you do it in the futures market or become a day trader in the spot market. gambling has always been risky whether you are a seasoned gambler or not.

[danherbias07]

Trading is better as long as you know what you are doing. Gambling is all high risk so "making money" will be an impossible feat to do unless you are good at live poker and sports betting.
In casino games, you better just surrender and that is based on experience. We play that just to enjoy the emotional roller coaster that it could bring but winning is not part of it.

In trading, there's always a chance to win, and like I said you must know what you are up against. It's not you but the traders who can manipulate and shake the market as they please. You can always join a group but there's no assurance that it would make profits forever.

[Ruttoshi]

Gambling is done for fun and not for making profit because the possibility of making profit in gambling will determine on your luck and luck comes once in a while making it very difficult to make huge profit from gambling only people that their luck is in gambling.

Trading on the other hand is something that when you have a proper knowledge and long time experience in the market can bring huge profit to you if you understand what you are doing. Skill is capable of making you rich but in guessing or luck is 50-50.

[Marvelockg]

Trading is more analytical than gambling and it's easier to make more money from treading compared to what you will get from gambling. It's been argued by many that trading is another form of gambling and while we can't despite the fact that both outcome are independent of the person that's performing the task, it's easy to gain experience in trading and overtime experience an high level of consistency in your profit but very rear before you see a gambler being too experienced in gambling to the point where look loses becomes too minimal.

It's a personal preference and choice to choose between gambling and trading and for some religious people that see ganbing as a bad thing, most of them will generally choose trading over Gambling but generally whichever one you do desire to work with is totally okay. A combination of trading and gambling wouldn't also be a bad option and if you're a good trader that loves a particular sports, you could choose to gamble on that sports without it having any form of negative effect on your on the latter.

[Reatim]

Trading is similar speculative like Gambling because in Trading, we make a speculation if, for example, Bitcoin’s price or any Altcoin’s price will go up or down. We can’t predict it for sure but we can analyze patterns and market movements to make a decision. Similar, like Gambling, Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.

Of course, we should not rely on profits from Gambling or Trading because it is a very risky strategy and always depends for big parts on luck to earn money for us.

I agree that there is some little bit of luck involved in both. In sports betting you are trying to speculate whether he will win or lose. In trading you are speculating whether the market will go up (win) or go down (lose).

With sports betting, you can learn the statistics and while in sports anything can happen and not everything is definitive there’s still a higher chance for you to win if you bet on what seemingly is a good choice based on previous matches.

We can apply this to trading as well. Past trends can point you to what could possibly happen in the future. If you see a pattern reoccurring the chances of it having the same outcome as the one from before will be quite high. Both analysis cannot always be accurate. However if I were to choose which one I think can generate more profit I would go with trading. It’s less unpredictable, imo. Not to mention you don’t have to exactly wait for a match to earn. Depending on the market’s volatility you choose you can always go for a day trade or even less than that. While with sports matches, how often does it happen?

[HelliumZ]

Re: What’s better to make a good profit - Trading or Gambling?

Both trading and gambling are good profit if you are lucky but there is more guarantee of good profit from trading than gambling. Suppose you placed a bet on a match and if you lose the match after placing the bet then all your balance will be lost forever. In this case you will not get any profit. But if you buy a commodity in trading and the price of that commodity falls in the market, your capital will not become zero forever. You will not get profit in this case but you will get back your balance at least.