Strategy in gambling like trading.

[l3pox]

whereas a gambler only depends on luck and presses a button.

Gambling is not as simple as you think. But if you gamble for fun and throw your money away, that's probably what you're doing.
I agree that gambling and trading are different. But in some aspects, some may consider them the same. There are even traders who feel addicted to trading. That makes trading also have a negative view. I think I've come across a thread discussing that here.

depending on the game it's not pure luck too
one thing is playing slots but if you are playing other games you'll at least decide position size (how much of your bankroll you'll use each time you bet), how often you bet, when you stop, what is your risk appetite (are you gambling with all your funds or with 1% of your spendable monthly income?)

these factors will vary a lot from person to person and will define if a gambler is succesfull in the long run or not.

[Ojima-ojo]

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 to be treated like trading, to me this sound sarcastic because there is no combination or connection between the two.


One can be sure to make profits from trading applying the right strategy, but we can't do same with gambling since gambling is a game of chances and lucks.

[sotelorene]

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?

Sometimes it is more likely that you will get  the right prediction while the game is on but sometimes it depends on the game because not what you think on a particular game will happen just because they are playing in a way you think you can be able to predict correctly. The end will always justify, I have played game several times when they are on and the people I played in favor of was winning with 2 goals and they have more possession and everything than their opponent and before 90 minutes the team that was losing were now winning the game and was even in charge of the game ( possessing). However, no option is favorable and everything still remains luck.

[SmartGold01]

There are two different things join together and people don't usually know that gambling is not trading but most times we often see it as gambling, although they are, it's due to what have they experience over the past years. Gambling only posses the risk aspect of trading since both are so volatiles and you can't be that sure or factor out what exact result could be along the line after the match might have ran to an end..
In trading you can set stop lose, take profits and whatever but you can't do that with gambling, immediately you stake there are chances to win or lose but you can't terminate your current running  games if you haven't been giving the cash out option.

[Jegileman]

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 different from trading and you can’t treat them the same in all aspects, even though they have some similarities in common. Similarities like only using the amount you can risk to lose in a trade, not over trading or over gamble, having patient, not allowing greed to also overcome you. Trading is more likened to the knowledge you have about it, only that will determine how well you can win. As for gambling, it is a game of luck, so there is not way a game of luck when treated in a way that a game of knowledge works can make your chances of winning very high. They are different in that aspect, so don’t think of it that way. But employing the same characteristics features in gambling that are similar to that of trading in your games, it would reduce the risk factor to the nearest minimum you can take.

[Su-asa]

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 a game of probability and trading is based on changes or movement in the market. Even though they have some similarities technically they are not really the same. Applying the same strategies in gambling to trade would only make lose. Remember that anyone can gamble without having understanding anything but not everyone can trade. Their differences outweighs their similarities by far

[HONDACD125]

There are two different things join together and people don't usually know that gambling is not trading but most times we often see it as gambling, although they are, it's due to what have they experience over the past years. Gambling only posses the risk aspect of trading since both are so volatiles and you can't be that sure or factor out what exact result could be along the line after the match might have ran to an end..
In trading you can set stop lose, take profits and whatever but you can't do that with gambling, immediately you stake there are chances to win or lose but you can't terminate your current running  games if you haven't been giving the cash out option.

Mind you that the cash out option is only available in sports betting and that's not the only part of gambling, I would rather say that sports betting might be the safest form of gambling because in sports betting, your knowledge, experience, and skills for analysis might keep you profitable in the long run, but other than that, all forms of gambling are totally different than trading because they are all totally dependent on luck, take gambling games and lotteries as an example.

Someone who plays gambling games can never say that they can be compared to trading because they are nowhere near one another. In gambling games, you basically choose the amount you want to bet, and press the button, that's it. You will see whether you've won or lost immediately and the results are completely random, generated through algorithms.

In trading, your knowledge and market understading can make a lot of difference in how much you are going to make or lose.

[Versatile_choice]

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?

Well I don't know if this method could work in trading because I have no idea about how trading works, beside I have never heard about live trading before. But in gamble one can easily bet on live event, and yes betting on live matches can increase our chance of winning because you can easily trace the outcome when is live, and I think if this method can be apply in trading I'm pretty sure that alot of people would have been constantly profiting from trading, But I still doubt it if there are people who are constantly profiting from trading.

[SmartGold01]

There are two different things join together and people don't usually know that gambling is not trading but most times we often see it as gambling, although they are, it's due to what have they experience over the past years. Gambling only posses the risk aspect of trading since both are so volatiles and you can't be that sure or factor out what exact result could be along the line after the match might have ran to an end..
In trading you can set stop lose, take profits and whatever but you can't do that with gambling, immediately you stake there are chances to win or lose but you can't terminate your current running  games if you haven't been giving the cash out option.

Mind you that the cash out option is only available in sports betting and that's not the only part of gambling, I would rather say that sports betting might be the safest form of gambling because in sports betting, your knowledge, experience, and skills for analysis might keep you profitable in the long run, but other than that, all forms of gambling are totally different than trading because they are all totally dependent on luck, take gambling games and lotteries as an example.

Someone who plays gambling games can never say that they can be compared to trading because they are nowhere near one another. In gambling games, you basically choose the amount you want to bet, and press the button, that's it. You will see whether you've won or lost immediately and the results are completely random, generated through algorithms.

In trading, your knowledge and market understading can make a lot of difference in how much you are going to make or lose.

Okay just imagine where this is only available to sport game and not that it reflect to other section of the games/casinos except the game ran to the ending and you know that results is out before you could believe that truly you win or lose, their emotion will get touched because not every gambler can accepts and determines what amount they gambling with if actually that is what they budgeted to gamble for the day/week.
And of course knowledge is what mostly flows in while trading, and a trader who knows what they are doing can one day merged together to produced a meaningful outcome, because there are people who so much believed that they can get rich quickly while trading.

[Makus]

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?

Even in trading people do lose, there is statistics that says 80% of the over persons trading are looser while only 20% are profitable traders and that’s similar to what is happening in the gamble. Even if gamblers try to use strategic gambling ans remains discipline to their strategy it will only limit the amount of loses as compared to a regular gambler who just wakes up and start gambling until he exhausts his bank roll, then regrets for gambling aggressively. The only thing I think gamblers should emulate from trading is risk management most traders are very good with risk management and that’s the reason their loses don't make them panic to enter even a more aggressive trade.

[collecttmaster]

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?

Even in trading people do lose, there is statistics that says 80% of the over persons trading are looser while only 20% are profitable traders and that’s similar to what is happening in the gamble. Even if gamblers try to use strategic gambling ans remains discipline to their strategy it will only limit the amount of loses as compared to a regular gambler who just wakes up and start gambling until he exhausts his bank roll, then regrets for gambling aggressively. The only thing I think gamblers should emulate from trading is risk management most traders are very good with risk management and that’s the reason their loses don't make them panic to enter even a more aggressive trade.

The idea of using a strategy in gambling is not to prevent loses, but to improve the probabilities of winning and to retain more of your money. It does work, assuming what you are using is a real strategy and not something made up or flawed. Those who say that it does not work are just writing stupid stuff. It is like saying that you can win in poker without knowing anything or having any skill. It matters a lot whether you understand the game and strategies or not, otherwise it depends only on dumb luck. As most of the gambling losers know, luck is not friends with many people. 

[alegotardo]

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?

I honestly don't like but I think that's exactly the point... it has more relevant the bettor's profile than with what is better or worse, more profitable or not, etc.... I'm a person who likes to analyze games in advance, place my bet and let it happen, I can't deal with presure or take quick actions... I need time to think, plan and place my bets rationally.

But, for those who think otherwise and do well with this type of bet, I think its good because when bet in real time you already have concrete information about the team real performance, the game's tactics, the pace, and injuries, etc... you can identify value and opportunities in bookmakers that haven't adjusted their odds yet and profit it from that.

And also the options are much greater... you can focus on smaller and more attractive markets like the next corner, the next foul, offside, etc...

Anyway... I respect those who can play this way, but I admit that it isnt for me.

[@nn@_pen9]

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?

Success will always be there, it depends on how you observe the game, be it gambling or trading, you look like a fool before you jump into gambling, you must have observed it, right? that gambling you can't just get out when you play it, there are rules in the game that you must obey if not, it means you lose the game, it's different with trading if you get a profit you can get out anytime you can by setting it yourself.

You need a long enough experience in trading to really produce to know the knowledge or insight into market volatility by studying various techniques. Not with gambling by observing the game for a while you can find out how to play and overcome it in this case I prefer games in the form of skills like poker.

[Ricardo11]

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 a game of probability and trading is based on changes or movement in the market. Even though they have some similarities technically they are not really the same. Applying the same strategies in gambling to trade would only make lose. Remember that anyone can gamble without having understanding anything but not everyone can trade. Their differences outweighs their similarities by far

Yes, people should understand these clear differences between these things, trading and gambling are never the same thing, but those who have such a mindset that trading and gambling are same, they will definitely always face losses and disasters. To be successful in trading, you need market analysis, technical knowledge and strategic thinking, and if you do not know everything related to trading, then you cannot expect good results from it. So there is no point in comparing gambling with trading, where the two things work in completely different ways, so these things must be understood.