High Risk In Gambling

[Tuclikk]

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 ?

[john_egbert]

When the question itself is there, I do think that the thread should be moved to discussions to continue

When you play, you need to do it for fun. Not to gain a fortune.

[always7out]

casino gambling needs to be done responsibly like everything else. Need to have good risk management.

[Charles-Tim]

Which one are you talking about on this thread. Is it trading or gambling? Or you are talking about trading but regarding it as gambling.

No, trading and gambling are different, but the risks are similar. If you are a patient trader, you can be making money from trading unlike gambling but it is also as risky as gambling, especially to impatient traders.

1% on trading or gambling is very good. Although, I can go 10% on bitcoin trading (not crypto trading) and 1 to 2% on gambling and betting.

[Slow death]

I believe you yourself understand the big difference between trading and gambling. Although both have high risks, in the case of gambling, if people are lucky, they can make a lot of money by betting a small amount of money that they would never win if they used it in trading. For example:

You take $10 and trade. This amount isn't enough to make a decent profit from trading. Even if you trade long-term, holding it for 5 years, to make a 5x profit, the $10 would become $50. With the inflation that many things are experiencing in the real world, after 5 years, you wouldn't buy the same amount of things.

Now, if you took the $10 and put it in a casino, started playing, and on each spin, you bet $0.20 and were lucky enough to hit the 1000x multiplier, you'd end up with a $200 profit. In the worst-case scenario, you'd lose your entire $10.

[Wakate]

Gambling with everything you have while waiting for you to become lucky can be an hazard to our personal self. Anyone person or gambler that can not control themselves when gambling should better avoid it so they don't become addictive to it without even making any thing tangible from gambling. I have seen people most huge amounts of money from betting based on their emotions and we need to avoid such kind of scenario from happening to us. Gambling can be done in a fun way that will not have serious effect on us. We should always make sure we do the right and stay away from anything gamble when we know that we are not in a good state of mind to gamble. This is very necessary to avoid stories that will damage our individual self.

[Coyster]

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.

So somehow you know what every "professional trader" does. Their interests. How much they trade with, et cetera. There are so many traders with high expectations and they take quite a lot of risks, contrary to what you are saying here.

Gambling and trading have their similarities. They are both risky, that is why you should be careful with how much you gamble and trade with. And as for trading, you must have the skills first before starting.

[uchegod-21]

Truly both trading and gambling have some similarities even though the risks involved in trading can be well managed compared to gambling. But honestly, some traders are not different from gamblers judging from the way they handle everything about trading.

That being said, everything still boils down to proper risks management. A gambler who understands that gambling is very risky should try as much as possible to avoid losing so much. I do know that the only reason gamblers won't adhere to this advice is because, small stakes means small wins and vice versa. If they must stake higher, then it is assumed that they understand the consequences attached to it. But this understanding is usually abused by gamblers.

[Ojima-ojo]

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.

Since you make much emphasis on profit a d mainly mentioning gambling it means you have the balls to risk all and expect none in return, gambling is a high risk thing and the house edge will always put the gambling site over you which means you win one time and lose five times in most cases and if things goes like that you will be having a though time making decisions if really you can guarantee your profits or not.

Don't rely on gambling to make returns is not possible only in a rear case of luck to be able to hit a jackpot in the long run.

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.

Trading profits depends on skills and unlike gambling that have a lot to do with luck and risks to survive on, trading gives the trader the chance to make use of the skills a d could guarantee a return unlike gambling that you can probably lose all 100% of your stake.

Trading has it own risks but not as high as what we have in gambling.

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 returns mechanisms apply to all aspects, even in investment in stable asset, your interest returns is in direct proportion to how much your stake is, so both trading and gambling you get as much as you stake.

[un_rank]

I genuinely do not understand the thought process of your post. If I understand the overview, you are highlighting that gambling is riskier than trading which is not true.

There are different strategies adopted to gambling and trading, so the level of risk depends on the player. Some risk their capital quicker and lose out much easier.

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.

This is not true in the long run, when you stake higher you lose money quicker.

- Jay -

[Rockstarguy]

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 ?

Yes, the higher the stake, the higher the gain, but this shouldn't be the criteria or a way to gamble because this can cause one to lose all they are not ready to lose or become addicted. Forget about the idea that the higher you stake, the higher your gain, and gamble with the amount that you can afford to lose.

Even if you gamble with a higher amount of money, there is no guarantee that there will be a higher return as a win. Whatever amount you are using to gamble, you need to understand there is no guarantee to win; there are also chances of losing it. There is no need to take higher risks when the outcome of the game is never certain.

[Aanuoluwatofunmi]

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 ?

What many often focuses on is the potential win after considering the stake and the odds, which shouldn't, to earn their money is not what comes easily like that, no matter the amount we use to play for the bet, and the more you keep increasing on the amount staked the higher your chances of losing more big amounts of money, because anytime can happen with gambling, either we win or lose in it.

[Odusko]

Mate you have to be specific in some ways so that we can understand what you are trying to mean, because I can't tell if this thread is about the comparison between cryptocurrency gambling and cryptocurrency trading, from what you wrote you mentioned both of them which make the whole point confusing to us to know which area to contribute to in this discussion, but note that both trading and gambling all comes with high risk and for that you have to build your acceptance capacity to withstand whatever outcome you see.

[o48o]

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 ?

And why would you assume that gamblers use more % of their portfolio to gamble then traders do in general?

And where are you even getting these numbers from? It's not like there was a meeting where all traders agreed to use only 1% of their portfolio to it. Everyone trades as they wish, with their own style and own risk management.

It also would depend on the style of trading. If you are doing low frequency swings with commodities, stocks, day trading with low cap cryptos. Just like sports bettor might have larger portion of their portfolio earmarked for sport bets then to slots, for obvious reasons.

[lalmazl]

I have been on the market for about 8 years, I can say one thing, trading is not gambling only in the case of spot trading, but contracts and leverage are definitely a casino, since the risk increases with leverage, even leverage x5 can easily leave you with 0 on the balance, but in spot trading it is very difficult to go into the minus, if in spot trading you trade in the general minus, this is not for you.

[mindrust]

If you are an amateur and want to make money from gambling then you are already doing it wrong as making money like that almost impossible for the newbies. Even professionals don't make money all the time. Sometimes they even go bankrupt and lose everything they got. Instead of obsessing over making money from gambling, one should play to have fun instead. That way you will let go of your ambition since you play because you are having fun. Watching a movie is also fun but you don't watch 3 movies one after another don't you? Because it is not fun when you overdo it. Same with gambling, it gets tiring when you do a lot of it. When you master this thought process, you'll automatically know how much risk you need to take when you decide to play and it will never ever put you in trouble financially.

[Odogwu-Blockchain]

I have been on the market for about 8 years, I can say one thing, trading is not gambling only in the case of spot trading, but contracts and leverage are definitely a casino, since the risk increases with leverage, even leverage x5 can easily leave you with 0 on the balance, but in spot trading it is very difficult to go into the minus, if in spot trading you trade in the general minus, this is not for you.

Yeah, it's always good for a beginner to stick to spot trading for staying safe while watching the market and maintaining the quantity of coin that only loss and gain value when decreases and increases. Going for contract as well as futures are extremely risky and the same thing as casino like you said, I personally don't trade on futures because of this until I learn how to trade on them.

[The Cryptovator]

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.

You seem to be comparing gambling and trading. Most likely the thread should move into the gambling discussion board from the gambling board. However, gambling fully depends on luck since you don't know what's going to happen with your game. Either it would win or directly lose. But on the trading, it's totally different except for future tradings. In trading, you are buying an asset; that price would dump or pump. Even with the price dump, it would recover anytime. But for the gambling, if the funds are lost, they are gone forever.

On gambling, you have to learn about the risk management. You have to decide when you need to stop and when you need to take out your profits from the gambling. If you win a big amount, it doesn't mean your next game will be a winner as well. So you must need to take real-time decisions and manage the risk.

[beveryu778]

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 ?

The higher you stake higher you gain and also the higher you stake higher is your loss. don't leave your money on you luck every time. just check your luck my little money. gambling is very interesting and it can give you chance to gain a lot of money overnight. some lucky person win million dollars only for 1$ and some unlucky person lost million dollars without winning. so don't be excited on gambling. just enjoy with your affordable money that can help you to get entertainment and also a big win suddenly if you have a good luck.

[Mrbluntzy]

Yes, there's high risk in gambling and there is also high risk in trading but the principles are different, just as some gamblers can take rash decision in the amount they want to stake, that's how some traders are too, they have not yet master their emotions and they therefore trade with a massive capital because they want quick profit from that money. It's the urgent need that some people have for money that makes them not to look at the risk part of gambling, they come to understand better only after they have hit big losses few times.