Strategy in gambling like trading.

[Olatundespo]

I am not a trading expert, the few times I tried and was able to evaluate the basic functioning, I classified this type of activity as similar
to gambling.
Basically you "bet" on a different situation, namely on the market, you perhaps have greater control of the numbers but not the certainty of guessing the result.
As soon as I understood how it worked, which also requires a significant commitment and constant study of the market, I immediately gave up.
I much prefer to play a few games in gambling, at least I have fun and if I guess the result is immediate and only on luck!
But if you feel brave and adventurous, you could try and maybe give us your feedback, right?

Trading, in its essence, is also a form of gambling , but with much more control over your funds. However, that also means the stress level is significantly higher. When you're actively trading, it's almost impossible to fully disconnect from the process becouse you're constantly analyzing, studying the market, monitoring news, and learning.
In that sense, gambling is simpler, you can always step away, and nothing will really change during that time. But with trading, it's much harder to do that becouce the market can shift dramatically within minutes.

If the market situation changes dramatically while trading, it should also be part of your strategy. I am saying that if you trade, you should do it after seeing the volatile market situation. It is true that you are losing your money forever in gambling, but trading can temporarily lose your money but it will not be lost forever. This idea that trading is a form of gambling is largely not true. I think that by investing in reliable sources through trading, you can get the desired profit but in gambling even after a lot of analysis you can lose in betting even many experienced gamblers lose most of the time. One of the reasons for this is that luck is largely responsible for winning in gambling.

[I_Anime]

I have been reading through many of the topics on gambling and based on my knowledge of trading I had to think of something that if people treat gambling the way they treat trading will that increase their chances of success? For instance, will chances of success increase if people choose to bet on specific outcomes in the game as the game is on rather than the result of the whole game as many gamblers usually target. I think it will be easier to guess some specific outcomes in a game when you see how the game is progressing. What do you think of this?

First you should know that trading and gambling are two different thing , yeah both are highly risky not gonna argue that but they are both different, gambling is mainly about luck but understanding of sport games can still add on your chances on making the right choice compare to those that don’t understand it and are gambling for the money alone not for the fun.

Trading in the other hand have to the do with mastering the market and having the right psychology (which is still applicable in gambling too) . Trading is a skill that one need to put in the work and time to mastered but in gambling no matter how you put in the work without sure luck you are still going to lose so in gambling luck and knowledge work together you just got to play it right and always apply good risk management on both (trading and gambling).

[Apocollapse]

Yeah I think both gambling and trading are similar.

Mine was the example, I trade $2K and now my capital down to $1.6K, so I'm at loss. I gamble $20 and I lost it all. So it's the same, both are make me to lost money.

Trading, in its essence, is also a form of gambling , but with much more control over your funds. However, that also means the stress level is significantly higher. When you're actively trading, it's almost impossible to fully disconnect from the process becouse you're constantly analyzing, studying the market, monitoring news, and learning.
In that sense, gambling is simpler, you can always step away, and nothing will really change during that time. But with trading, it's much harder to do that becouce the market can shift dramatically within minutes.

You're correct if we're talking about someone who gamble on slots or pre-match.

If someone bet parlay or play live games, they have to focus on that games because any decision would affect the results.

[Finestream]

I have been reading through many of the topics on gambling and based on my knowledge of trading I had to think of something that if people treat gambling the way they treat trading will that increase their chances of success? For instance, will chances of success increase if people choose to bet on specific outcomes in the game as the game is on rather than the result of the whole game as many gamblers usually target. I think it will be easier to guess some specific outcomes in a game when you see how the game is progressing. What do you think of this?

Trading results depend on your knowledge and skill. While in gambling, the results depend on your luck. If you are trading relying on luck, just like gambling, you will end up losing.

And if you are gambling using your knowledge and skill, just like trading, you still end up losing. Why? Because that is what is happening in both of them.

Gambling and trading are two different things that can never be compared. You just know about trading, but you never know the real life of being a gambler. Therefore, don't get confused and take the option you think you are good at.

[Ricardo11]

I am not a trading expert, the few times I tried and was able to evaluate the basic functioning, I classified this type of activity as similar
to gambling.
Basically you "bet" on a different situation, namely on the market, you perhaps have greater control of the numbers but not the certainty of guessing the result.
As soon as I understood how it worked, which also requires a significant commitment and constant study of the market, I immediately gave up.
I much prefer to play a few games in gambling, at least I have fun and if I guess the result is immediate and only on luck!
But if you feel brave and adventurous, you could try and maybe give us your feedback, right?

Trading, in its essence, is also a form of gambling , but with much more control over your funds. However, that also means the stress level is significantly higher. When you're actively trading, it's almost impossible to fully disconnect from the process becouse you're constantly analyzing, studying the market, monitoring news, and learning.
In that sense, gambling is simpler, you can always step away, and nothing will really change during that time. But with trading, it's much harder to do that becouce the market can shift dramatically within minutes.

If the market situation changes dramatically while trading, it should also be part of your strategy. I am saying that if you trade, you should do it after seeing the volatile market situation. It is true that you are losing your money forever in gambling, but trading can temporarily lose your money but it will not be lost forever. This idea that trading is a form of gambling is largely not true. I think that by investing in reliable sources through trading, you can get the desired profit but in gambling even after a lot of analysis you can lose in betting even many experienced gamblers lose most of the time. One of the reasons for this is that luck is largely responsible for winning in gambling.

Yes, people are often fascinated by this kind of wrong thinking, they consider trading and gambling as the same, but this is never correct, trading is a skill-based place, and gambling is a luck-based place, so are the two things the same? Never, people are achieving great success from trading by using their skills, but from gambling people are never able to profit as they expected. Because there is no need for any skill in gambling, in the case of sports betting you definitely have to use your skills to make the right decisions, but even then the end result always depends on luck. So trading and gambling should never be seen as the same, they are definitely two different things, so you have to decide to do anything with reality.

[SATWAT]

I have been reading through many of the topics on gambling and based on my knowledge of trading I had to think of something that if people treat gambling the way they treat trading will that increase their chances of success? For instance, will chances of success increase if people choose to bet on specific outcomes in the game as the game is on rather than the result of the whole game as many gamblers usually target. I think it will be easier to guess some specific outcomes in a game when you see how the game is progressing. What do you think of this?

Trading results depend on your knowledge and skill. While in gambling, the results depend on your luck. If you are trading relying on luck, just like gambling, you will end up losing.

And if you are gambling using your knowledge and skill, just like trading, you still end up losing. Why? Because that is what is happening in both of them.

Gambling and trading are two different things that can never be compared. You just know about trading, but you never know the real life of being a gambler. Therefore, don't get confused and take the option you think you are good at.

Everyone is having own view about few things here I am not agreed with your statement about trading here knowledge can work like works in gambling, but skills are not important even few can argument about this but still I am not going with this in trading or gambling.
Few members already give few good examples about this both are mostly depended on luck while trading is also depending on some situations where peoples can understand currently market can go down and up but in live gambling things are also same peoples can give their predication while watching game.
Trading and gambling are had few similarities because but few believe in trading lose is controllable due to stop lost or having suddenly check, but this has never been easy in gambling due to sometime sites never provide live options.

[Frankolala]

I am not a trading expert, the few times I tried and was able to evaluate the basic functioning, I classified this type of activity as similar
to gambling.
Basically you "bet" on a different situation, namely on the market, you perhaps have greater control of the numbers but not the certainty of guessing the result.
As soon as I understood how it worked, which also requires a significant commitment and constant study of the market, I immediately gave up.
I much prefer to play a few games in gambling, at least I have fun and if I guess the result is immediate and only on luck!
But if you feel brave and adventurous, you could try and maybe give us your feedback, right?

Trading, in its essence, is also a form of gambling , but with much more control over your funds. However, that also means the stress level is significantly higher. When you're actively trading, it's almost impossible to fully disconnect from the process becouse you're constantly analyzing, studying the market, monitoring news, and learning.
In that sense, gambling is simpler, you can always step away, and nothing will really change during that time. But with trading, it's much harder to do that becouce the market can shift dramatically within minutes.

If the market situation changes dramatically while trading, it should also be part of your strategy. I am saying that if you trade, you should do it after seeing the volatile market situation. It is true that you are losing your money forever in gambling, but trading can temporarily lose your money but it will not be lost forever. This idea that trading is a form of gambling is largely not true. I think that by investing in reliable sources through trading, you can get the desired profit but in gambling even after a lot of analysis you can lose in betting even many experienced gamblers lose most of the time. One of the reasons for this is that luck is largely responsible for winning in gambling.

Yes, people are often fascinated by this kind of wrong thinking, they consider trading and gambling as the same, but this is never correct, trading is a skill-based place, and gambling is a luck-based place, so are the two things the same? Never, people are achieving great success from trading by using their skills, but from gambling people are never able to profit as they expected. Because there is no need for any skill in gambling, in the case of sports betting you definitely have to use your skills to make the right decisions, but even then the end result always depends on luck. So trading and gambling should never be seen as the same, they are definitely two different things, so you have to decide to do anything with reality.

Gambling and trading are similar even though, one is based on skill and the other is based on luck because they carry similar risks. Trading is about predicting the market with tools, and you must also follow fundamental analysis and technical analysis to open a trade, with all these profits is still not guaranteed because a little mistake will wipe out your funds. Gambling depends on luck because you are predicging the future.

[summonerrk]

I have been reading through many of the topics on gambling and based on my knowledge of trading I had to think of something that if people treat gambling the way they treat trading will that increase their chances of success? For instance, will chances of success increase if people choose to bet on specific outcomes in the game as the game is on rather than the result of the whole game as many gamblers usually target. I think it will be easier to guess some specific outcomes in a game when you see how the game is progressing. What do you think of this?

It's not about attitude. Trading is absolutely different. The thing is that the main differences from gambling are that price charts are available over time. There is no such thing in gambling, you never know what the results were before you sat down at the roulette or slot machines. And in trading, you can already draw conclusions about the current situation without making your move and risking money. This is important. There is also the influence of news and big traders, and in gambling everything depends only on luck.

[Julien_Olynpic]

I think that direct analogies between trading and gambling are hardly appropriate. It is much easier to get rich in trading, it just requires consistency and often you just need to hold some asset in a cold wallet for many years. Holding an asset in a cold wallet, for example, bitcoin, does not require any costs from you. Theoretically, you can hold an asset forever, or more precisely, as long as this coin exists. As for sports betting, they are more like financial derivatives, such as futures and options. These are instruments with time decay, for the possession of which you need to pay. In trading, there is no concept of a bet. There is an open position on the exchange, but it does not have time decay.

[Shinpako09]

The odds are very low, and still, it’s not a guaranteed win, an unfortunate scene can happen that changes the outcome. Since the odds are that low, can you really persevere in watching every single game just to gain a small advantage with a low return? It’s not like others haven’t thought about this, of course, they have. But it takes patience, and patience is something most gamblers don’t have, especially when the return is small.

[fruktik]

I have been reading through many of the topics on gambling and based on my knowledge of trading I had to think of something that if people treat gambling the way they treat trading will that increase their chances of success? For instance, will chances of success increase if people choose to bet on specific outcomes in the game as the game is on rather than the result of the whole game as many gamblers usually target. I think it will be easier to guess some specific outcomes in a game when you see how the game is progressing. What do you think of this?

This is all complete nonsense that has nothing to do with reality. Do not mislead yourself, as this will lead to even greater losses. People come to casinos not only to earn money, if there is any at all, but also to have fun. Remember this fact. There have already been so many discussions of various strategies here, but none of them have shown a decent result. In the end, everything just merges successfully, as always.

[Dr.Bitcoin_Strange]

You know we have gambling (casino games/slot) and we also have betting (sports and other live events), in sports betting you can have a good skill of making prediction and stand the chance to win more than a casino gambler, that's because some strategies can work in sports betting but can not work in casino game. If things could work the way you think, many traders would also try their trading strategy in gambling and make profit from it but I believe it doesn't work like that.

[danherbias07]

The odds are very low, and still, it’s not a guaranteed win, an unfortunate scene can happen that changes the outcome. Since the odds are that low, can you really persevere in watching every single game just to gain a small advantage with a low return? It’s not like others haven’t thought about this, of course, they have. But it takes patience, and patience is something most gamblers don’t have, especially when the return is small.

Yeah, they want it quick in gambling, and it's very far from trading, although both need some patience.

Still, I disagree that it can be compared with trading or even used with the same strategy. IMHO, there's a higher risk in gambling, and once the money is gone, it's definitely gone. In trading, you can save some of it somehow, although losses will still be there. Well, unless it's a scammy coin/project.

The risk is where it differs, and I actually understood it after playing a lot of gambling games. In slots, for example, you are blind and you will never see what is coming. In trading, you will somehow see when the value is falling, and you can hit a button to stop the bleeding.

[pawanjain]

I have been reading through many of the topics on gambling and based on my knowledge of trading I had to think of something that if people treat gambling the way they treat trading will that increase their chances of success? For instance, will chances of success increase if people choose to bet on specific outcomes in the game as the game is on rather than the result of the whole game as many gamblers usually target. I think it will be easier to guess some specific outcomes in a game when you see how the game is progressing. What do you think of this?

If you are just guessing the outcome then you are just gambling and there's likely no difference at all.
When it comes to trading you are using your skills to get a probable outcome which can't be done in gambling since mostly provably fair.
There's no skill that can help you get a probable outcome for it since it is just random.
Hence, just keep gambling like you normally do and don't overthink.

[Smartprofit]

I have been reading through many of the topics on gambling and based on my knowledge of trading I had to think of something that if people treat gambling the way they treat trading will that increase their chances of success? For instance, will chances of success increase if people choose to bet on specific outcomes in the game as the game is on rather than the result of the whole game as many gamblers usually target. I think it will be easier to guess some specific outcomes in a game when you see how the game is progressing. What do you think of this?

Gambling is indeed similar to trading in some ways, but the two are also very different. In trading, you are not (usually) in danger of losing your entire deposit at once. You can end up with a profit and a loss. However, this will not wipe out your account.

Sports betting assumes that if you lose, you lose your bet. However, in my opinion, a lot depends on your analytical skills. Perhaps you really are able to predict the outcome of a match as information about the development of events comes in.

However, in both trading and gambling, we should always ask ourselves - what is your competitive advantage over other players. Unique analytical skills can be such a competitive advantage. However, do you have them? Are you not deceiving yourself?

[GIF-JOBS]

The odds are very low, and still, it’s not a guaranteed win, an unfortunate scene can happen that changes the outcome. Since the odds are that low, can you really persevere in watching every single game just to gain a small advantage with a low return? It’s not like others haven’t thought about this, of course, they have. But it takes patience, and patience is something most gamblers don’t have, especially when the return is small.

Yeah, they want it quick in gambling, and it's very far from trading, although both need some patience.

Still, I disagree that it can be compared with trading or even used with the same strategy. IMHO, there's a higher risk in gambling, and once the money is gone, it's definitely gone. In trading, you can save some of it somehow, although losses will still be there. Well, unless it's a scammy coin/project.

The risk is where it differs, and I actually understood it after playing a lot of gambling games. In slots, for example, you are blind and you will never see what is coming. In trading, you will somehow see when the value is falling, and you can hit a button to stop the bleeding.

Risk is in everything, nothing is risk-free, but every thing has different risks, the type of risk is different in every matter. Similarly, although there is risk in trading and gambling, the type of risk is definitely different, where we can reduce the risk by using our skills in trading, but is there any skill required in gambling? No, gambling depends only on luck, so the risk is definitely high here. Gambling is a completely unpredictable place, where there is no guarantee of winning and even the possibility of losing is more than winning in a casino. So the difference between these things should be understood well, in short, the reality should be understood, the person who sees gambling and trading as the same, he is definitely in the wrong mindset.

[cabron]

The odds are very low, and still, it’s not a guaranteed win, an unfortunate scene can happen that changes the outcome. Since the odds are that low, can you really persevere in watching every single game just to gain a small advantage with a low return? It’s not like others haven’t thought about this, of course, they have. But it takes patience, and patience is something most gamblers don’t have, especially when the return is small.

Yeah, they want it quick in gambling, and it's very far from trading, although both need some patience.

Still, I disagree that it can be compared with trading or even used with the same strategy. IMHO, there's a higher risk in gambling, and once the money is gone, it's definitely gone. In trading, you can save some of it somehow, although losses will still be there. Well, unless it's a scammy coin/project.

The risk is where it differs, and I actually understood it after playing a lot of gambling games. In slots, for example, you are blind and you will never see what is coming. In trading, you will somehow see when the value is falling, and you can hit a button to stop the bleeding.

Risk is in everything, nothing is risk-free, but every thing has different risks, the type of risk is different in every matter. Similarly, although there is risk in trading and gambling, the type of risk is definitely different, where we can reduce the risk by using our skills in trading, but is there any skill required in gambling? No, gambling depends only on luck, so the risk is definitely high here. Gambling is a completely unpredictable place, where there is no guarantee of winning and even the possibility of losing is more than winning in a casino. So the difference between these things should be understood well, in short, the reality should be understood, the person who sees gambling and trading as the same, he is definitely in the wrong mindset.

Trading is less risky since we all know BTC price is going up all the time. You may lose satoshis in trading but if you keep still you may still get them back even when you just hold your coins after losing.

Gambling is more risky. You can only avoid losing when you really go into the strategy that may work for you. And over time it won't work which you will have to stop and move on to another game.

[Joy- maker]

I have been reading through many of the topics on gambling and based on my knowledge of trading I had to think of something that if people treat gambling the way they treat trading will that increase their chances of success? For instance, will chances of success increase if people choose to bet on specific outcomes in the game as the game is on rather than the result of the whole game as many gamblers usually target. I think it will be easier to guess some specific outcomes in a game when you see how the game is progressing. What do you think of this?

how will you even think of something like this, that if people treat gambling the same way they treat trade that it will increase there chance of success, how? Because to my own best of knowledge gambling and trading have different mechanisms so there is no way you can treat them the same way, because gambling is typically base on predictions (forecasting the future outcome) that's predicting football matches, basketballs and some on how they will play, why trading is typically base on buying and selling of crypto assets within a short period of time either with an hour, a Day or in a week. Trading is base on analysis the market that to say (examining and interpreting date). Sincerely speaking if you treat gambling the same way you treat trading either you will keep gambling and losing or you will keep trading and losing, please if am wrong correct me and if you have been using this strategy and it's working for you please come and explain to us with prove on you have been using it and it's working for you.

[Frankolala]

The odds are very low, and still, it’s not a guaranteed win, an unfortunate scene can happen that changes the outcome. Since the odds are that low, can you really persevere in watching every single game just to gain a small advantage with a low return? It’s not like others haven’t thought about this, of course, they have. But it takes patience, and patience is something most gamblers don’t have, especially when the return is small.

Yeah, they want it quick in gambling, and it's very far from trading, although both need some patience.

Still, I disagree that it can be compared with trading or even used with the same strategy. IMHO, there's a higher risk in gambling, and once the money is gone, it's definitely gone. In trading, you can save some of it somehow, although losses will still be there. Well, unless it's a scammy coin/project.

The risk is where it differs, and I actually understood it after playing a lot of gambling games. In slots, for example, you are blind and you will never see what is coming. In trading, you will somehow see when the value is falling, and you can hit a button to stop the bleeding.

Risk is in everything, nothing is risk-free, but every thing has different risks, the type of risk is different in every matter. Similarly, although there is risk in trading and gambling, the type of risk is definitely different, where we can reduce the risk by using our skills in trading, but is there any skill required in gambling? No, gambling depends only on luck, so the risk is definitely high here. Gambling is a completely unpredictable place, where there is no guarantee of winning and even the possibility of losing is more than winning in a casino. So the difference between these things should be understood well, in short, the reality should be understood, the person who sees gambling and trading as the same, he is definitely in the wrong mindset.

Trading is less risky since we all know BTC price is going up all the time. You may lose satoshis in trading but if you keep still you may still get them back even when you just hold your coins after losing.

Gambling is more risky. You can only avoid losing when you really go into the strategy that may work for you. And over time it won't work which you will have to stop and move on to another game.

Both gambling and trading have the same risk. The difference is that skill is involved in trading and luck in gambling. If you don't trade your coin and hodli, you are not a trader. Likewise, whoever gambles once in a year or twice is not a gambler. The best way to limit the risk in both trading and gambling is using only the amount of money that you can afford to lose.

[yudi09]

I have been reading through many of the topics on gambling and based on my knowledge of trading I had to think of something that if people treat gambling the way they treat trading will that increase their chances of success? For instance, will chances of success increase if people choose to bet on specific outcomes in the game as the game is on rather than the result of the whole game as many gamblers usually target. I think it will be easier to guess some specific outcomes in a game when you see how the game is progressing. What do you think of this?

There are similarities between the two but they are not the same. In gambling strategies, there is analysis before deciding to bet and in trading, analysis is also a fundamental factor behind traders making trades.
If people treat gambling like trading whether it will increase the chances of success, the answer depends on which angle.
In gambling, the system is more inclined towards casinos in terms of profits if accumulated over a long period of time.
In my opinion, it would be wise to look at both from a professional perspective.