Why not use the trading strategy?

[Mrbluntzy]

Sports betting have odds that has already been allocated to every fixture, a bettor is either going for small odds, big odds or even parlay, while in trading, you are to set your leverage. If a trade wants to make 100% profit from their invested capital, they can set a leverage of 100X which is high risk, but in sport betting, you can bet on a game of 2.00 odd with $100 and make the 100% profit. The catch here is, if you decide to stake on a game of 1.2 odd with $100, how sure are you that you are going to win? The risk might be low, the chance can be high but the game can still take a different turn and result to lose. To target a 10% profit in betting, you will go for games of high chance and most of them have small odd but yet you could still lose. I am not greedy with taking small profits, even if it's 10% and the chance are good, I take the bet.

[PX-Z]

Will you win? For example, with odds of 1.10 or 1.20, what if the match does not go as expected even though the odds of winning are almost certain?

In trading you may be able to SL when the market goes against you, whereas in match betting you may be offered cashing out but that's not always available is it? What if your team loses then the usual cashing out feature will not be active.

So for me trading and betting are different strategies.

That's almost a certain. Such odds are rarely available and most of the time it is given to a fighter/player with the outstanding and most favorite/champ on that division (like boxing, ufc) but you can't see it on team match, although there are few vs a very new team for the odds of win and lose. And yes, just like i said, most of the time it's always a win, what i usually do i bet on the lower odds or underdog for better larger wins but just small bets.

And yes, those two have different strategies of course, this is just a simple comparison of how things work on betting and trading.

[LOVER BOY 422]

If I enter a trade with $100 and eventually exits the trade with $110, I will be happy that I made $10 profit, which is 10% of my capital.
But in gambling, especially sports betting, I cannot use $100 and try to win $110. I will just aim to win even more that 100% of my capital and that is the reason most gamblers fail.
Why not use the trading approach and make 5%, 10% profits in each bet. If we apply this method, we are going to win more than 70% of our bets.
In trading we are okay with small wins, but in gambling the case is different. Why?

Gambling and trading ideas is almost the same ,but what kills us in gambling is greed ,we actually want to use 100 to win millions secondly our money is poor very poor if I use 100 to win 30 or 50 are my going back or forward,and their will be a time I will like to stake with this 150 indeed lost will come in ,the journey of gambling and trading is not for the wick actually our money is too poor ,in trading we talk about in dollars but here in naira which is very poor that's why the strategy of using it the way we trade can never be possible.

[Zoomic]

If I enter a trade with $100 and eventually exits the trade with $110, I will be happy that I made $10 profit, which is 10% of my capital.
But in gambling, especially sports betting, I cannot use $100 and try to win $110. I will just aim to win even more that 100% of my capital and that is the reason most gamblers fail.
Why not use the trading approach and make 5%, 10% profits in each bet. If we apply this method, we are going to win more than 70% of our bets.
In trading we are okay with small wins, but in gambling the case is different. Why?

Where did you get all these assumptions as knowledge? Many "traders" enter trades with 50x leverage and either take their profits or liquidate within a minute. Meanwhile, a ton of bettors place "safe" bets at odds of 1.10 and are happy. Or they make bolder bets, but as soon as the odds go their way, they cash out and take minimal profits. So everything you're discussing is already being used in both markets, people use a wide range of strategies in both trading and betting.

You have pointed at a very important point that I neglected in the opening topic. When I mentioned traders, I had in mind of average traders and maybe spot traders and not those whale traders that long with heavy leverage. Those are exempted and that being said, it boils down to individual differences. Traders can also be greedy while gamblers can also play safe.

[lionheart78]

No one is limiting anyone on what strategy they wanted to use in gambling.  Using a traders approach is possible but this depends on the goal of the gambler.  Remember gambling is done with a goal in mind of hitting the jackpot, gamblers are ready to risk all just to hit that huge win. So even before the gambler push the button, he is already sure that he will be aiming for huge win.

But I agree that it makes sense if a gambler wanted to approach gambling conservatively, they can use the 1% method or 1% risk rule which is often use in trading but it honestly  sounds somewhat absurd when used in gambling.  Imagine with $100 and using 1% of it and targeting a 2%-3% gain in each session/gameplay, this sounds feasible but somehow absurd in gambler's view.  But well to each their own, this idea actually made me think how long would it be to win 2x or 3x of my bankroll if I apply this strategy  .

[programmer3666]

If I enter a trade with $100 and eventually exits the trade with $110, I will be happy that I made $10 profit, which is 10% of my capital.
But in gambling, especially sports betting, I cannot use $100 and try to win $110. I will just aim to win even more that 100% of my capital and that is the reason most gamblers fail.
Why not use the trading approach and make 5%, 10% profits in each bet. If we apply this method, we are going to win more than 70% of our bets.
In trading we are okay with small wins, but in gambling the case is different. Why?

While trading you don't lose it all, you may be down like 20 or even 40% if it's a worst dump on the market so the remaining 60% can be used on to something that can give you some profits later. But with gambling if you wager in a bet that could potentially give you $110 then you will get $110 or $0. Which is why you can treat gambling and trading in the same way.

trading and gambling might look alike!! but i feel like they work very differently. in trading you can control your risk, reduce losses and still recover with what is left in your wallet. but in gambling, it is mostly all or nothing and once you lose a bet, that money is gone for good. that is why using a trading mindset in gambling doesn’t really fit. in gambling, patience and managing your money are more important than chasing small wins.

[Powerjumboo]

If I enter a trade with $100 and eventually exits the trade with $110, I will be happy that I made $10 profit, which is 10% of my capital.
But in gambling, especially sports betting, I cannot use $100 and try to win $110. I will just aim to win even more that 100% of my capital and that is the reason most gamblers fail.
Why not use the trading approach and make 5%, 10% profits in each bet. If we apply this method, we are going to win more than 70% of our bets.
In trading we are okay with small wins, but in gambling the case is different. Why?

It is not right to expect to win money like this on a gambling platform because gambling is only for entertainment, not for making money. Moreover, if you can be happy with a 10% profit from trading, then you should definitely be happy with a 10% profit on a gambling platform. You should never expect to win 100% on a good gambling platform. In particular, you should expect a small profit on a gambling platform. The biggest goal of being addicted to gambling is to expect more profit. I never expect to make more profit on a gambling platform. Moreover, as a player, I do not earn any money through gambling. I use gambling only as entertainment. I think it is not for making money, gambling is just for entertainment.

[nelson4lov]

~Snip

In trading we are okay with small wins, but in gambling the case is different. Why?

I tried this strategy last year and it worked for a while until it didn't. In my case, I would target around 1.20 to 1.5 odds as the baseline odds for my bets which will translate to 20%-50% if we are talking in trading terms. The problem with this strategy is that one loss can wipe out 2-5 wins.  For instance, if you win 10 separate bets with 1.10 odds and go on to lose the 11th bets, you lose ALL GAINS from the first 10 winning bets. If you get another loss again, you'll dig a deeper hole for yourself. I was raking in decent bucks with this strat until one time inter lost a game and I lost gains from 4 games. The losing streak continued till I eventually gave up most of the gains.

Now, I prefer either 2 or 3 odds. Anything above that is a long shot and anything below is a waste of time in hindsight.

[Perfectbaby]

If I enter a trade with $100 and eventually exits the trade with $110, I will be happy that I made $10 profit, which is 10% of my capital.
But in gambling, especially sports betting, I cannot use $100 and try to win $110. I will just aim to win even more that 100% of my capital and that is the reason most gamblers fail.
Why not use the trading approach and make 5%, 10% profits in each bet. If we apply this method, we are going to win more than 70% of our bets.
In trading we are okay with small wins, but in gambling the case is different. Why?

While trading you don't lose it all, you may be down like 20 or even 40% if it's a worst dump on the market so the remaining 60% can be used on to something that can give you some profits later. But with gambling if you wager in a bet that could potentially give you $110 then you will get $110 or $0. Which is why you can treat gambling and trading in the same way.

trading and gambling might look alike!! but i feel like they work very differently. in trading you can control your risk, reduce losses and still recover with what is left in your wallet. but in gambling, it is mostly all or nothing and once you lose a bet, that money is gone for good. that is why using a trading mindset in gambling doesn’t really fit. in gambling, patience and managing your money are more important than chasing small wins.

Sure trading is differently thus also very difficult to make profits while trading. There are people who have believed that immediately they joined trading their success is sure, of course everyone succes is sure but depending on how we may handle our resources and to what we have that would make us that successful. Trading is hard and they poses same risk level any one who can control gambling can also control trading without emotionally being attracted whatever.

[₿itcoin]

In trading we are okay with small wins, but in gambling the case is different. Why?

But the difference between gambling and trading is the ability to take risks and control. In trading one can control entry, exit, loss and risk by calculating the market conditions. There in sports betting, no matter how smart you are, you still rely on luck and the unpredictable performance of the players. Although you can also learn trading skills here such as taking small bets and winnings, not waiting for big profits, and managing capital. Most people's losses are caused by their desire to double or triple their profits on every bet. so yeah, if you can stick to the 5-10 percent profit rule with self-control, and proper planning, you may be profitable for a long time. The irony is that it may not be as sexy as winning a parlay, but it has to be to survive here.

[crwth]

If I enter a trade with $100 and eventually exits the trade with $110, I will be happy that I made $10 profit, which is 10% of my capital.
But in gambling, especially sports betting, I cannot use $100 and try to win $110. I will just aim to win even more that 100% of my capital and that is the reason most gamblers fail.
Why not use the trading approach and make 5%, 10% profits in each bet. If we apply this method, we are going to win more than 70% of our bets.
In trading we are okay with small wins, but in gambling the case is different. Why?

Just like what others have said, it's about the mindset and psychology. If you don't get greedy or desperate, you can be more disciplined and in control, and remain consistent. In terms of trading, that applies to the "compounding strategy," which hopefully lets you do very large amounts of trading with minimal risk, which could also be applied in gambling. This wouldn't work if you are looking for high wins.

Maybe with risk management tricks like percentages could be applied in gambling.

[Woodie]

Many have said gambling and trading are not any different, but when you bring such debates to the table alot of people will say trading gives opportunities to breakeven and walk out with initial investment, while with gambling if game goes against you the most likely cashout offer you will be getting is $10 or nothing at all..

But that approach actually works in sports gambling, I have have used and flipped small balances from $100-1000 and 1000-$10000 but when you do it one you become to confident and when you lose once fear gets the best of you and stand back to reflect what went wrong, otherwise with a little luck a good strategy will always standout.

[Beparanf]

In trading we are okay with small wins, but in gambling the case is different. Why?

But the difference between gambling and trading is the ability to take risks and control. In trading one can control entry, exit, loss and risk by calculating the market conditions. There in sports betting, no matter how smart you are, you still rely on luck and the unpredictable performance of the players. Although you can also learn trading skills here such as taking small bets and winnings, not waiting for big profits, and managing capital. Most people's losses are caused by their desire to double or triple their profits on every bet. so yeah, if you can stick to the 5-10 percent profit rule with self-control, and proper planning, you may be profitable for a long time. The irony is that it may not be as sexy as winning a parlay, but it has to be to survive here.

Even on trading you still rely on luck to make your analysis becomes accurate especially on crypto trading which the market is volatile.

Sports betting already have the option of cashout which is already equivalent to cut loss and take profit. While technical analysis on trading is almost same with sports analysis.

In a sense they are almost identical. The only difference is their purpose since trading is purely for gains while sports bettong is dedicated for entertainment.

[Mate2237]

Let's not bring trading into gambling because, to me the example that you gave doesn't fit into gambling.trading is one thing that you have control over if the person involved has the necessary trading experience.but in gambling you don't have what it takes to have your gamble under control no matter how good you are with gambling. Winning in gambling all lies on luck.


So bringing a strategy from trading to gambling is not an effective way of gambling.because you will find out that overtime it will not work because the trading and gambling are two different things

[Inwestour]

If I enter a trade with $100 and eventually exits the trade with $110, I will be happy that I made $10 profit, which is 10% of my capital.
But in gambling, especially sports betting, I cannot use $100 and try to win $110. I will just aim to win even more that 100% of my capital and that is the reason most gamblers fail.
Why not use the trading approach and make 5%, 10% profits in each bet. If we apply this method, we are going to win more than 70% of our bets.
In trading we are okay with small wins, but in gambling the case is different. Why?

Because unlike trading, if you lose, you immediately lose the entire $100, and then you'll need a lot of bets to recoup that loss. Such losses are likely to happen, so you can't use the same strategy in gambling. If it were that easy, anyone could do it and earn 10%, but in gambling, the risk of losing everything is much higher, and I wouldn't advise you to bet $100. It's better to divide it into smaller amounts and bet them without risking your entire deposit.

[Westinhome]

If I enter a trade with $100 and eventually exits the trade with $110, I will be happy that I made $10 profit, which is 10% of my capital.
But in gambling, especially sports betting, I cannot use $100 and try to win $110. I will just aim to win even more that 100% of my capital and that is the reason most gamblers fail.
Why not use the trading approach and make 5%, 10% profits in each bet. If we apply this method, we are going to win more than 70% of our bets.
In trading we are okay with small wins, but in gambling the case is different. Why?

The minimum profit in the gambling and trading are very easy one, but the trader are satisfied with the minimum profit. But in all the way the gamblers mostly not like to lay the next bet after the win, the gamblers get the more confident in their game. This was the biggest mistake by the gamblers and this was the reason for the loss of the gamblers money in the gambling. Because the algorithm will be ups and down in the game, So we can't win all the time in the gambling. Traders will satisfied with the small profit and withdraw the money, this was the reason for the traders to survive longer period comared to the gamblers in the market. If the gamblers use to play like a trader and satisfied with the minimum profit, it help the gambler to survive for the longer period of time. Small win will added to the big win for the longer period of playing.

[Slow death]

Trading and sports betting have a big difference: in trading, people can set stop-losses. For example, if you have $100 and buy Litecoin at $100, you'll set a stop-loss at $90 and sell when the price reaches $110. This way, you only lose 10% if Litecoin falls 10% and make a 10% profit if Litecoin rises 10%. This means you don't lose all your money on each trade, and the chances of making a profit in the long run are very high.

Whereas in sports betting, when you bet on a game with only odds of @10.00 and you place $100, if you lose, you lose the entire $100. You would need to win 10 bets to make a profit. I think that for high risk, it's not worth making bets with very low odds like that

[MCVXYZ]

If I enter a trade with $100 and eventually exits the trade with $110, I will be happy that I made $10 profit, which is 10% of my capital.
But in gambling, especially sports betting, I cannot use $100 and try to win $110. I will just aim to win even more that 100% of my capital and that is the reason most gamblers fail.
Why not use the trading approach and make 5%, 10% profits in each bet. If we apply this method, we are going to win more than 70% of our bets.
In trading we are okay with small wins, but in gambling the case is different. Why?

That is exactly the strategy that I use.

I decide on a max winning as well as a max losing amount. IF you win/lose X % then you go home. That way I can enjoy my winnings if I win X% amount or if I lose X% of the gambling funds, I go home instead of gambling until it is all gone.

But when most people gamble, they do not seem to care about strategy and risk aversion. They seem to want to lose all their money as fast as possible.

That's because of chasing loses which fuel the urge to keep playing. almost always gamblers continue to gamble in an attempt to recover money they've lost, often leading to greater losses. this behavior is driven by emotional responses like frustration or the desire to regain control over the situation.We all know why slot machines show near-miss patterns and “wins” that feel close.

[davis196]

If I enter a trade with $100 and eventually exits the trade with $110, I will be happy that I made $10 profit, which is 10% of my capital.
But in gambling, especially sports betting, I cannot use $100 and try to win $110. I will just aim to win even more that 100% of my capital and that is the reason most gamblers fail.
Why not use the trading approach and make 5%, 10% profits in each bet. If we apply this method, we are going to win more than 70% of our bets.
In trading we are okay with small wins, but in gambling the case is different. Why?

What "trading strategy" are you talking about? Being OK with making 5-10% profits isn't a strategy. Sports betting offers so much opportunities that sticking to one strategy or plan could be pretty boring for most sports bettors. If most sports bettors where placing bets on odds like 1.05, the odds would go down at 1.01 lowering the potential profits even further and if the outsider won against the favorite, the bettors that are making bets at odds like 1.01 would lose their money, while the bettors, that were placing bets on odds like 2 or 3 would double and triple their profits. In gambling, the "high risk-high reward" attitude always beats the "low risk-low reward" mentality.

[Inwestour]

Trading and sports betting have a big difference: in trading, people can set stop-losses. For example, if you have $100 and buy Litecoin at $100, you'll set a stop-loss at $90 and sell when the price reaches $110. This way, you only lose 10% if Litecoin falls 10% and make a 10% profit if Litecoin rises 10%. This means you don't lose all your money on each trade, and the chances of making a profit in the long run are very high.

Whereas in sports betting, when you bet on a game with only odds of @10.00 and you place $100, if you lose, you lose the entire $100. You would need to win 10 bets to make a profit. I think that for high risk, it's not worth making bets with very low odds like that

That's right, this won't work in betting because if you lose, you lose the entire bet, and in gambling, losses happen much more often, even with odds as low as 1.1. In trading you can either exit the trade yourself, which will reduce your losses, or set stop-loss orders. Even with a losing trade, you'll only lose part of your deposit. These are obvious points in my opinion, which show that this strategy and comparisons are not applicable in this case. Gambling is more complex than trading for me, the risks are higher.