Strategy in gambling like trading.

[mak013]

In such way we can compare lots of things. The only common thing that you have to analyze situation/event and have some strategy. I try to imagine how to trade like a bettor or to bet like a trader and i can`t do it. I have some number of rules for betting, how to calculate bet size, odds, risks. I don`t see how something from trading can be used for it.
PS. One more common thing. In both ways you have to work hard to get profit.

[Oluwa-btc]

You will likely failed in the long run since gambling and trading has completely different mechanics on how they work. Gambling is mainly based on luck even on sportsbook. Your trading skills is not applicable on gambling because price pattern and sports behavior have different factor to consider.

Sports analysis is much complicated than price analysis since there’s no indicator and pattern that will help you to guess the result.

Anyway, it will not hurt you to do some experiments.

Not all the time.But apparently,since the mechanisms and applicable  means are different, there lies the problem.What I understand is that,if people treat gambling like trading if it'll increase their chances of success depends on a simple personal level of assessment and attestments.One thing that is common here is that both requires a full house strategy, discipline and risks management.

[jaberwock]

People have tried to come up with methods or so called strategies in gambling but they will never work for the long term because this is not 2+2=4 thing, that practice will make perfect - no, it is the opposite, because more you play the more you lose.

The casino will always be winning more than you, so your net profit is almost always negative.

If in the rare chance that someone wins big, they forget to cash out and they play again only to lose it. This hard truth needs to be swallowed before you start gambling.

He didn't mention a specific term, so it can also be for the short term but indeed that we have more chance this way. Also because casinos has a house edge and they are effective if a player stays long in the game. The phrase practice makes perfect is mostly just a phrase and it doesn't mean that we will always perfect what we do. Winning big in gambling can usually come rarely, so if it occurs, we should cherish it and not that we will only lose it again.

@OP, you are right about that. The only thing is that maybe the payout that you will get is going to be less now if you bet on specific stuff. But at least you end up winning, right? It is even better if you also enjoy the game genuinely.

[harapan]

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?

Absolutely it should but people tend to go for things that favours them in most cases and again just as trading you'll have to understand all the ethics of the game to make sure you're at an advantage and leverage of being successful.in the other hand betting on specific options can be troubleshooting which is why one need to spread out bets between to get better returns.

[Yamifoud]

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?

It never works completely with that. If a gambler treats gambling as trading, they'd rather choose trading instead. But I say it was not the case where gambling and trading are the same. It's too difficult to increase our odds of winning in a game of luck. Unlike in trading, it is possible if we have enhanced our knowledge and skills. If many gamblers lose money, many traders do the same.

But why do some people choose to gamble over trading? Because it is not about money and chances, but rather about life satisfaction and wants.

[l3pox]

In such way we can compare lots of things. The only common thing that you have to analyze situation/event and have some strategy. I try to imagine how to trade like a bettor or to bet like a trader and i can`t do it. I have some number of rules for betting, how to calculate bet size, odds, risks. I don`t see how something from trading can be used for it.
PS. One more common thing. In both ways you have to work hard to get profit.

you can compare anything you want but growing pineapples and trading don't share a lot of common things
gambling and trading have lots of things in common like bankroll management, the need of emotional awareness to perform well
how money is involved (you can earn or lose money, you have to lose some to make some)

many things

[AmoreJaz]

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?

It never works completely with that. If a gambler treats gambling as trading, they'd rather choose trading instead. But I say it was not the case where gambling and trading are the same. It's too difficult to increase our odds of winning in a game of luck. Unlike in trading, it is possible if we have enhanced our knowledge and skills. If many gamblers lose money, many traders do the same.

But why do some people choose to gamble over trading? Because it is not about money and chances, but rather about life satisfaction and wants.

It would be hard to compare trading and gambling when it comes to chances of success. Gambling is based mostly in luck, whereas, in trading, you need knowledge and skills to gain profit. Though luck is a factor also but it is more on how well you know the market and strategies to gain profit.
People will connect these two, but when they do really execute a trade, they will understand the difference of gambling and trading. Maybe, someone needs to experience both for them to truly understand what can you do and not do when you face trading as well as gambling.

[baeva]

In such way we can compare lots of things. The only common thing that you have to analyze situation/event and have some strategy. I try to imagine how to trade like a bettor or to bet like a trader and i can`t do it. I have some number of rules for betting, how to calculate bet size, odds, risks. I don`t see how something from trading can be used for it.
PS. One more common thing. In both ways you have to work hard to get profit.

From trading in betting, you can apply the risk-reward pattern and observe it. Of course, in a global sense it will not give much, because in trading you trade with leverage and lose only a part of money, and in betting - the whole bet and here it is difficult to calculate the risk-reward, it should be at least 1 to 2, that in case of winning to cover the previous expenses.

[livingfree]

But why do some people choose to gamble over trading? Because it is not about money and chances, but rather about life satisfaction and wants.

The quick phase for both is there but gambling is quicker than trading.

There will be odds reason for us to hear if we go ahead and ask others why they choose to gamble. Others might say that they've lost in trading and maybe in gambling it will be recovered fast.

It's true that satisfaction is different in both worlds and it really differs per person why we choose gambling and treat it the same as trading.

[TelolettOm]

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?

In my personal opinion, this is a bit complicated. On the one hand, there are similarities between gambling and trading. But on the other hand, there are differences too. So, even if both have been thought out and analyzed well, the results of betting still cannot be expected to be completely won or not.

While on the other hand for trading, when you have a lot of planning, choosing the right coins for trading, and having a strategy with several plans for market conditions that suddenly change, then there is still a chance to get profits as long as the trading is really prepared carefully.

However, if it is not mature enough and there is no good understanding, well, the results must be the same.

[laijsica]

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?

In my personal opinion, this is a bit complicated. On the one hand, there are similarities between gambling and trading. But on the other hand, there are differences too. So, even if both have been thought out and analyzed well, the results of betting still cannot be expected to be completely won or not.

While on the other hand for trading, when you have a lot of planning, choosing the right coins for trading, and having a strategy with several plans for market conditions that suddenly change, then there is still a chance to get profits as long as the trading is really prepared carefully.

However, if it is not mature enough and there is no good understanding, well, the results must be the same.

Although there are many similarities between gambling and trading, we can differentiate between the two such as the amount of risk involved in gambling is much lower in trading by choosing the right coins. In both cases you have to be prudent because as you become prudent with money matters you gain experience and your chances of losing decrease. Trading is a matter of perception where you choose the coins to buy and how much allocation to push into your portfolio and for how long. My opinion on gambling is that especially when betting, analyzing the players and teams and being prudent can keep you at a decent level to win. Having fun with the risk of losing money and the expectation of winning are all things.

[l3pox]

But why do some people choose to gamble over trading? Because it is not about money and chances, but rather about life satisfaction and wants.

The quick phase for both is there but gambling is quicker than trading.

There will be odds reason for us to hear if we go ahead and ask others why they choose to gamble. Others might say that they've lost in trading and maybe in gambling it will be recovered fast.

It's true that satisfaction is different in both worlds and it really differs per person why we choose gambling and treat it the same as trading.

well there are always the scalpers
but you are correct
in general gambling will yield returns (or losses) faster than trading
but that's why it's more dangerous too because it can hook you up faster and be more addictive after all

satisfaction has way more variables than this but this one is an important thing to notice

[radjie]

You will likely failed in the long run since gambling and trading has completely different mechanics on how they work. Gambling is mainly based on luck even on sportsbook. Your trading skills is not applicable on gambling because price pattern and sports behavior have different factor to consider.

Sports analysis is much complicated than price analysis since there’s no indicator and pattern that will help you to guess the result.

Anyway, it will not hurt you to do some experiments.

Not all the time.But apparently,since the mechanisms and applicable  means are different, there lies the problem.What I understand is that,if people treat gambling like trading if it'll increase their chances of success depends on a simple personal level of assessment and attestments.One thing that is common here is that both requires a full house strategy, discipline and risks management.

Although strategy, discipline, and risk management are applied to gambling and trading, both still have different mechanisms. Trading can still provide opportunities to make a profit, but in gambling, making a profit or winning depends on luck and cannot be controlled like determining the expected profit in trading for the long term.

[GIF-JOBS]

You will likely failed in the long run since gambling and trading has completely different mechanics on how they work. Gambling is mainly based on luck even on sportsbook. Your trading skills is not applicable on gambling because price pattern and sports behavior have different factor to consider.

Sports analysis is much complicated than price analysis since there’s no indicator and pattern that will help you to guess the result.

Anyway, it will not hurt you to do some experiments.

Not all the time.But apparently,since the mechanisms and applicable  means are different, there lies the problem.What I understand is that,if people treat gambling like trading if it'll increase their chances of success depends on a simple personal level of assessment and attestments.One thing that is common here is that both requires a full house strategy, discipline and risks management.

Although strategy, discipline, and risk management are applied to gambling and trading, both still have different mechanisms. Trading can still provide opportunities to make a profit, but in gambling, making a profit or winning depends on luck and cannot be controlled like determining the expected profit in trading for the long term.

Many people have this kind of thinking, they think of trading and gambling as the same, but in both cases, there are many differences in the management of risks as well. In managing trading, we need skills and deep knowledge, we always have to make data-based decisions, we have to trade by adopting the right strategy through market research. All in all, we can reduce the risk a lot through various strategies, skills, research, which often brings us big profits with high potential. So despite the high risk of trading, we can benefit from trading in a dependent way through skills and research to some extent, but in the case of gambling, there is no such opportunity, so it is very important to understand this clear difference.

[mak013]

In such way we can compare lots of things. The only common thing that you have to analyze situation/event and have some strategy. I try to imagine how to trade like a bettor or to bet like a trader and i can`t do it. I have some number of rules for betting, how to calculate bet size, odds, risks. I don`t see how something from trading can be used for it.
PS. One more common thing. In both ways you have to work hard to get profit.

you can compare anything you want but growing pineapples and trading don't share a lot of common things
gambling and trading have lots of things in common like bankroll management, the need of emotional awareness to perform well
how money is involved (you can earn or lose money, you have to lose some to make some)

many things

You use bankroll management in everyday life. It makes you trader or gambler? You can make emotional buys in everyday life, so would it help you to become a trader if you`ll stop it?
It is silly example. The same like yours.

In such way we can compare lots of things. The only common thing that you have to analyze situation/event and have some strategy. I try to imagine how to trade like a bettor or to bet like a trader and i can`t do it. I have some number of rules for betting, how to calculate bet size, odds, risks. I don`t see how something from trading can be used for it.
PS. One more common thing. In both ways you have to work hard to get profit.

From trading in betting, you can apply the risk-reward pattern and observe it. Of course, in a global sense it will not give much, because in trading you trade with leverage and lose only a part of money, and in betting - the whole bet and here it is difficult to calculate the risk-reward, it should be at least 1 to 2, that in case of winning to cover the previous expenses.

I call it risk management, but may be that you call it better. It has something common but the same time it has serious difference. At least in my situation i can`t compare risks in one way.
As result i can say that we have some common tools, some common namings, but the way how we use it seriously differs. As result i don`t sure that we can use the same tools in the same ways. It is possible that we can convert our experience from trading to betting, but it doesn`t means that they are the same.

[Oasisman]

In such way we can compare lots of things. The only common thing that you have to analyze situation/event and have some strategy. I try to imagine how to trade like a bettor or to bet like a trader and i can`t do it. I have some number of rules for betting, how to calculate bet size, odds, risks. I don`t see how something from trading can be used for it.
PS. One more common thing. In both ways you have to work hard to get profit.

I can agree that in both gambling or trading you need to work had to get profit. However, in gambling, working hard doesn't guarantee you profit, because it always needs to have the presence of luck. Trading is different, as long as you are focused and updated, you will never ever lose that much like you lose in gambling. In fact, you can actually control your losses in trading.
Though gambling and trading are almost similar, but there are still differences that are notable that favors the traders.

[DaNNy001]

I thought you going to list out the strategy but you are just asking from the masses.

Although, you may be meaning live games where you enter at a specific time and go out at a specific time, if in sport betting, it's either guaranteed to win or loss in live matches.

The only strategy I can assure you of winning in live matches in betting at 75' minutes to ending and the bet option preferably is no goal till the ending of the match.

There's a chance of winning at the 75th minute but winning isn't guaranteed because a change can happen at any point in the game, I have some experience with live games so I know what I'm talking about.... there's nothing sure about it, this means that you must be very careful with what you stake..even the 80th minute doesn't guarantee a win, there are instances where 2 goals are scored In the 90th minute

[Sandra_hakeem]

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?

Maybe I misunderstood you by the terms you used, or maybe the terms don't just resonate with the topic. What do you mean by people treating gambling the same way they treat trading?

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?

You could be right to some extent, but it all depends on the gambler's perspective in speculation; I've seen people lose even during live betting sessions. We all know what the game of football looks like. A minute could be riding with you so well, only to make a quick turnaround, ending your games in a ditch. Whatever strategies you know can be reversed in a thousand ways to fit another gambler's speculation -- always know this!

[baeva]

I call it risk management, but may be that you call it better. It has something common but the same time it has serious difference. At least in my situation i can`t compare risks in one way.
As result i can say that we have some common tools, some common namings, but the way how we use it seriously differs. As result i don`t sure that we can use the same tools in the same ways. It is possible that we can convert our experience from trading to betting, but it doesn`t means that they are the same.

I think ultimately it's the same strategy, it's hardly risk management different from risk-reward strategy because the former implies the latter within itself. And it implies how we can best secure our deposit and minimise losses in case of any problems, because this is necessary in order to continue earning without any problems and increased risk.

[kawetsriyanto]

I can agree that in both gambling or trading you need to work had to get profit. However, in gambling, working hard doesn't guarantee you profit, because it always needs to have the presence of luck. Trading is different, as long as you are focused and updated, you will never ever lose that much like you lose in gambling. In fact, you can actually control your losses in trading. Though gambling and trading are almost similar, but there are still differences that are notable that favors the traders.

How do you define "work hard" in gambling? Do you mean gambling more often or use more money? I agree that trading requires "work hard", you need to learn more to have better knowledge and skills. However, this way won't work well in gambling due to the "luck" factor. In gambling, you just need to gamble in a proper way and you enjoy the games. Even if you may sometime need to do a little analysis, but it doesn't mean to work hard. I am sure you won't learn the whole history of the clubs or the players whenever you bet on certain matches.