High Risk In Gambling

[Rruchi man]

Gambling is mainly known as a game of win or lose, whereby sometimes gamblers do make some mistakes along their profit making journey, we all know it a game of luck, which makes us have no guarantee if it gon be a win or lose.
Unlike a professional trader, whose interest is to make even a cent,

I guess this is another comparison between gambling and trading, but it's a bit vague.

If the subject of comparison is luck, gamblers need more luck than traders who have TA and fundamental analysis to increase their chances of winning a trade.

Individuals who approach trading with the mindset of gambling learn from the bitter experience of losing.

[Alphakilo]

Unlike a professional trader, whose interest is to make even a cent, though they don't have much higher expectations like a gambler, because all they do is to invest 1% out of 100% of their balance, they don't stake all they have in trade, for example if they are having $1000 they invest just $10, in crypto trading you can even go for your own research on a specific coin of your target and still the prediction might not be certain.

I do agree that wen it comes to gambling and trading , they both involve risks however, I think that traders are better at managing risks than gamblers. Traders are like in it for the long run while it is a short term thing for gamblers.

And in the too, our emotions are involved. Which in my experience, to avoid making the wrong decision as a result of your poor emotional, one must learn how to do their own research and analysis without depending on the ones analysis from others.

[Ojima-ojo]

Unlike a professional trader, whose interest is to make even a cent, though they don't have much higher expectations like a gambler, because all they do is to invest 1% out of 100% of their balance, they don't stake all they have in trade, for example if they are having $1000 they invest just $10, in crypto trading you can even go for your own research on a specific coin of your target and still the prediction might not be certain.

I do agree that wen it comes to gambling and trading , they both involve risks however, I think that traders are better at managing risks than gamblers. Traders are like in it for the long run while it is a short term thing for gamblers.

And in the too, our emotions are involved. Which in my experience, to avoid making the wrong decision as a result of your poor emotional, one must learn how to do their own research and analysis without depending on the ones analysis from others.

trading risks is not as high and as intense as gambling risks, so for that reason both of them shouldn't be a debatable topic like this one, but when you talk about profits in trading and winning a games, it's more or less the same, because the risk of losing is at the same proportion with each others.

Unlike gambling where you only win by luck, trading you may apply some formula that lowers your risk and ability to lose and increase your chances of profits from the market.

[Hispo]

Unlike a professional trader, whose interest is to make even a cent, though they don't have much higher expectations like a gambler, because all they do is to invest 1% out of 100% of their balance, they don't stake all they have in trade, for example if they are having $1000 they invest just $10, in crypto trading you can even go for your own research on a specific coin of your target and still the prediction might not be certain.

I do agree that wen it comes to gambling and trading , they both involve risks however, I think that traders are better at managing risks than gamblers. Traders are like in it for the long run while it is a short term thing for gamblers.

And in the too, our emotions are involved. Which in my experience, to avoid making the wrong decision as a result of your poor emotional, one must learn how to do their own research and analysis without depending on the ones analysis from others.

trading risks is not as high and as intense as gambling risks, so for that reason both of them shouldn't be a debatable topic like this one, but when you talk about profits in trading and winning a games, it's more or less the same, because the risk of losing is at the same proportion with each others.
...

I think it also depends on the way a trader decides to operate on exchanges, though.
If you take a look at popular exchanges like Binance or Kraken, you may notice their offer very risky instruments in their market of futures, basically people with much tolerance to risk can turn their cryptocurrency exchange into a casino by going with highly leveraged positions and bold moves with memecoins and shitcoins.What I am trying to say is risk in trading varies with each trader, it is not as uniforms as you make it sound with your comparison of risk in gambling.
Also, there are casino games which allow the gambler to adjust risk, like dices and plinko.

It could be possible to find traders and people partaking in especulation who have a bigger tolerance than some gamblers, being more reckless than the latter.

[bhadz]

There is no guarantee in gambling but you have to be good at securing your profits. If the other gamblers are not good with that, you can expect them that they're going to lose everything that they have. And so, if your sole purpose is to make sure that you're gambling responsibly, first you have to gamble with an amount that you can barely feel bad if you lose it. That is the reason why many keeps on chasing losses because they are gambling with an amount that they can't afford to lose. As to how they gamble, it also depends on how good and lucky they are.

[alegotardo]

Gambling is mainly known as a game of win or lose, whereby sometimes gamblers do make some mistakes along their profit making journey, we all know it a game of luck, which makes us have no guarantee if it gon be a win or lose.
Unlike a professional trader, whose interest is to make even a cent, though they don't have much higher expectations like a gambler, because all they do is to invest 1% out of 100% of their balance, they don't stake all they have in trade, for example if they are having $1000 they invest just $10, in crypto trading you can even go for your own research on a specific coin of your target and still the prediction might not be certain.
We all know the higher you stake the higher you gain, but we should learn how to take a risk, you can't stake all what you got and sit back praying for a grace to fall.
How is that helpfull ?

Dude, everything you mentioned is important about the real difference between beting and traed, but they have something in common: the risk management... this is typically the "heart" of those who survive on this market.

Unfortunately, many beginners ignore fact that luck alone doesn't sustain long-term consistency... we need to bet strategically, manage your capital, study a lot and especially control your emotions. Psychology is crucial... those who act on emotions and bet everything are more likely to fall into a spiral of losses. An professional, on the other hand, gradually knows when to stop and returns to trading the next day instead of continually trying to recover losses.

It's exactly like you said... risk exists for everyone, but those who transform it into a calculated process have a much better chance of achieving a positive result in the long run.

[maydna]

The important thing you should be concerned about in gambling is only using the money you can afford to lose. Playing gambling will not require using a lot of money but only enough money you can risk. Playing gambling will not guarantee you to win and make money but you will have a big chance to lose money. So from that situation, you should understand that you don't have to use big money to play gambling and always need to prevent a big loss. Gambling has a risk so it is your job to manage the risk, not become big. You need to responsible in gambling.

[adaseb]

Applying 1% risk per trade and per bet is completely different.

When you make a trade and you risk 1%, you normally hold it for a few hours or days and usually you have a stop loss in place. It takes you out and you just move on.

With gambling you risking 1% is risky because, the bet usually ends right away, and what do you do after? You probably bet another 1% and before you know it you lose 20% or so almost instantely and then since its in a small time frame you are still upset and you keep on betting and might lose it all which is what usually happens.

Trading is different, usually after a few hours or days you arent on tilt anymore and you move on from the loss. So its not the same experience.

[Awaklara]

you can't stake all what you got and sit back praying for a grace to fall.

Of course, we cannot stake everything we have on gambling. All gamblers must be aware of this and will not take higher risks. But in luck-based casino games, it is very natural to pray that luck will be on our side. Every gambler wants to be lucky.
I more often place bigger bets on sports betting. Increasing the stakes is also related to confidence in the odds. Although the possibility of losing can also happen, I believe more sports bettors increase their stakes when they see convincing winning odds.

[Haunebu]

Both gambling and trading are equally risky op and neither is safer than the other regardless of the fact that trading does involve the skill factor. Stuff like sports betting and poker are less risky when compared to these due to a higher dependence on the skill factor.

Whatever it is, you need luck to side with you everywhere basically. Invest only what you are willing to lose people.

[KiaKia]

Gambling is mainly known as a game of win or lose, whereby sometimes gamblers do make some mistakes along their profit making journey, we all know it a game of luck, which makes us have no guarantee if it gon be a win or lose.
Unlike a professional trader, whose interest is to make even a cent, though they don't have much higher expectations like a gambler, because all they do is to invest 1% out of 100% of their balance, they don't stake all they have in trade, for example if they are having $1000 they invest just $10, in crypto trading you can even go for your own research on a specific coin of your target and still the prediction might not be certain.
We all know the higher you stake the higher you gain, but we should learn how to take a risk, you can't stake all what you got and sit back praying for a grace to fall.
How is that helpfull ?

This is not so true, the pro traders I know in real life and online don't gamble in penny, they use thousands of dollars and that's how they make millions, I know one that turn 10,000 to 1 million dollars in a year, they all have the same goal, make life changing money.

For full strategy, trading is where you want to be, not gambling, I've always say that strategy in gambling is no where near that of trading, if i have to choose one I would go with trading, it's always better.

Also, if traders can invest one percent of their balance it's also possible for gamblers to do the same, you not be able to do the same as a gambler makes you a greedy gambler, it it all the same in terms of what you want.

If a gambler is given the privilege to trade they will still mess up, because what they have in mind is risking a high amount of money to trade so that they can make big amount of money,

[r_victory]

Both carry high risks, but trading doesn't rely as heavily on luck, even if success isn't guaranteed. Investment assets offer better information and data, and there's a real chance of profiting in the long term, even if the initial investment isn't large. You can make monthly contributions, giving you more time to evaluate and rebalance your investments, minimizing losses or maximizing profits. Gambling doesn't allow you to make these moves.

Whatever you do, don't lose control of your budget. It's better to gain a little gradually than to lose everything at once...

[greek_hephaestus]

Although gambling and trading seem like ways to make money from the outside, they are both full of risks from the inside. Gambling is a game of luck. There are no rules for winning or losing here; people come to play based only on greed and excitement. Although it seems like entertainment at first, it eventually turns into an addiction, and then the destruction begins, and when the losses start, there is nothing to do.

Again, when it comes to trading, it seems that trading is a little different, but there is still risk. Especially those who do not understand, with emotion, want to make "quick profits". Many people think they have learned everything by watching a few YouTube videos, but they cannot learn anything in that way by watching YouTube videos. The real market is much more difficult than we think.

These two places have one thing in common: "greed." This greed gradually starts to push people towards danger. So, no matter what gambling or trading is, if we do not calculate and be patient, then many people lose everything and become destitute after dreaming of profit.

[Z_MBFM]

Gambling is mainly known as a game of win or lose, whereby sometimes gamblers do make some mistakes along their profit making journey, we all know it a game of luck, which makes us have no guarantee if it gon be a win or lose.
Unlike a professional trader, whose interest is to make even a cent, though they don't have much higher expectations like a gambler, because all they do is to invest 1% out of 100% of their balance, they don't stake all they have in trade, for example if they are having $1000 they invest just $10, in crypto trading you can even go for your own research on a specific coin of your target and still the prediction might not be certain.
We all know the higher you stake the higher you gain, but we should learn how to take a risk, you can't stake all what you got and sit back praying for a grace to fall.
How is that helpfull ?

You must have the ability to control yourself to keep your limits and boundaries. When you gamble with a small amount, you will bet small amounts, but when you start gambling with a larger amount, you will not be able to continue betting that 1% because then you may feel that since you have enough money, now is the time to take big risks and win big. And thus you will become psychologically emotional due to which you will not be able to understand when you have started taking big risks. So it is better not to deposit large amounts at all. This will keep you within a limit.

[bitzizzix]

you can't stake all what you got and sit back praying for a grace to fall.

Of course, we cannot stake everything we have on gambling. All gamblers must be aware of this and will not take higher risks. But in luck-based casino games, it is very natural to pray that luck will be on our side. Every gambler wants to be lucky.
I more often place bigger bets on sports betting. Increasing the stakes is also related to confidence in the odds. Although the possibility of losing can also happen, I believe more sports bettors increase their stakes when they see convincing winning odds.

Taking higher risks and risking everything depends on the game. Betting everything on a game that relies solely on luck is extremely risky, and the chances of losing are certainly greater. Even if you pray for luck, you must be prepared for painful losses. Therefore, it's better to bet with money you can afford to lose when betting on games that rely solely on luck, as there is a chance of luck in the long run, although it's not guaranteed.
Yes, betting large amounts on sports is sometimes necessary, and I also bet large amounts on sports more often. Our sports bets still have a greater chance of winning if we choose the stronger team and also base our bets on strong conviction, comprehensive analysis, and the skills needed to make a confident final decision.

[Asiska02]

Gambling is mainly known as a game of win or lose, whereby sometimes gamblers do make some mistakes along their profit making journey, we all know it a game of luck, which makes us have no guarantee if it gon be a win or lose.
Unlike a professional trader, whose interest is to make even a cent, though they don't have much higher expectations like a gambler, because all they do is to invest 1% out of 100% of their balance, they don't stake all they have in trade, for example if they are having $1000 they invest just $10, in crypto trading you can even go for your own research on a specific coin of your target and still the prediction might not be certain.

This two come into more similarities when they happen to be treated both as a game of luck. They each have their distinct features which is used to differentiate them but also some similarities that defines them but not applicable into both if you want to have a good ride on them. Risk management is one of their similarities. One requires patience while the other don’t necessarily need that first for you to thrive and just your risk management is already an edge for you to thrive there. Investing what you can afford to lose is a similarity in them that’s important to uphold if you want to thrive in them.

We all know the higher you stake the higher you gain, but we should learn how to take a risk, you can't stake all what you got and sit back praying for a grace to fall.
How is that helpfull ?

Having risk management is important in both trading and gambling. In as much as gambling is a game of luck and trading can be profitable through having the knowledge, it doesn’t mean you should risk all what you have into them and praying for a grace to happen. Gambling may be more acquainted to praying for grace but after risking only what you can afford to lose but in trading, with your knowledge; you just need to apply the best of it to predict the direction of the market well in order to win a trade.

[Mindyspace]

I've never gambled, but from what I've seen, gambling seems quite risky precisely because everything depends on luck. Unlike trading, where you can study and better control how much you risk, in gambling the outcome seems completely unpredictable. Therefore, I think betting everything hoping to win more can be quite dangerous.
But is there any way to play more safely, even knowing the risk is high?

[Mr Reporter]

Unlike a professional trader, whose interest is to make even a cent, though they don't have much higher expectations like a gambler, because all they do is to invest 1% out of 100% of their balance, they don't stake all they have in trade, for example if they are having $1000 they invest just $10, in crypto trading you can even go for your own research on a specific coin of your target and still the prediction might not be certain.

I do agree that wen it comes to gambling and trading , they both involve risks however, I think that traders are better at managing risks than gamblers. Traders are like in it for the long run while it is a short term thing for gamblers.

And in the too, our emotions are involved. Which in my experience, to avoid making the wrong decision as a result of your poor emotional, one must learn how to do their own research and analysis without depending on the ones analysis from others.

trading risks is not as high and as intense as gambling risks, so for that reason both of them shouldn't be a debatable topic like this one, but when you talk about profits in trading and winning a games, it's more or less the same, because the risk of losing is at the same proportion with each others.
...

I think it also depends on the way a trader decides to operate on exchanges, though.
If you take a look at popular exchanges like Binance or Kraken, you may notice their offer very risky instruments in their market of futures, basically people with much tolerance to risk can turn their cryptocurrency exchange into a casino by going with highly leveraged positions and bold moves with memecoins and shitcoins.What I am trying to say is risk in trading varies with each trader, it is not as uniforms as you make it sound with your comparison of risk in gambling.
Also, there are casino games which allow the gambler to adjust risk, like dices and plinko.

It could be possible to find traders and people partaking in especulation who have a bigger tolerance than some gamblers, being more reckless than the latter.

It's really inspiring to know the risk and tolerance and trading strategies, which can vary greatly among traders, making risk management in trading more nuanced, which some traders may take as high-risk positions while others adopt more conservative approaches.Investors need to come with the mindset that the risk in trading can vary, which should depend on the individual strategy, risk tolerance, and specific instruments when trading. I don't really know that much about trading, but I think leverage positions and volatile assets like meme coins can indeed increase risk exposure. Plus, let's picture it this way: some traders may have a higher risk tolerance than others, and casino games can offer adjustable risk management. Each individual must understand their own risk profile and make informed decisions accordingly.

[2Pizza410000BTC]

Gambling is a game of luck and this game of luck is played by leaving it entirely to luck. In this game of luck, some take it as entertainment while others use it as a way to earn money. Those who consider gambling as a way to earn money quickly become addicted to gambling and are often ruined, on the other hand, those who use 1% to maximum 5% of their income as entertainment and gamble for a long time using this strategy can survive fairly well by gambling. Therefore, one should never be too greedy and too emotional in this high-risk game because excessive greed and excessive emotion destroy people quickly.

[Hispo]

It's really inspiring to know the risk and tolerance and trading strategies, which can vary greatly among traders, making risk management in trading more nuanced, which some traders may take as high-risk positions while others adopt more conservative approaches...

That is one of the strategies of exchanges, after all, being a place for all kinds of investors to deposit their capital, bot matter how high or low their risk tolerance is. That is another example of a difference between a casino and a exchange, the former is only intended to be accessed by people who are accustomed to higher risks and prepared to lose all their deposit.
That is why I have always thought it is possible to both invest and gamble on a cryptocurrency exchange but you invest on a casino, only gambling.
Anyways, I rather to gamble on casinos instead of chasings memecoins on an exchange.