Why not use the trading strategy?

[joniboini]

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.

Is risk the only factor in your view to determine which one is more complex? I feel that having two possible results (win or lose, unless you count the casino scam or something else) makes gambling simpler compared to trading. If we're talking about analysis, then it will be difficult to make a comparison. I don't think a bollinger band analysis is comparable to match form analysis in sports, and so on. If we're talking about risk, then we can talk about leverage trading, and so on. Then again, which one is more complex depends. alot on which strategy/game we're talking about. CMIIW.

[Victorybit1]

What you just analysed is the main reason why we have a lot of successful traders more than that gamblers because traders are cautious about the risks they take, they do their best to make sure that the risk involved is reduced, that's the reason why a trader can set a target of 20 percent profit to be gotten for a whole month. Perhaps if gamblers apply this they wouldn't lose too much money constantly

[Betwrong]

Trading and betting are completely different, when trading you can still limit losses, either in futures or spot if the market reverses, but in betting there is no such safety net because even if you bet at odds of 1.10 which is considered very safe, it does not guarantee 100% that you will end up winning. There are always surprises and eventually you will lose 100% of your money and need 10 bets at the same odds to recover it. So for me it remains realistic to target 100% profit in gambling.

Well, I disagree. There are many examples from real life that show that in regards to limiting your losses trading and gambling are very similar. Just like in gambling, some people are trying to get back what they recently lost and it leads to disaster. So, in my opinion neither of the two is safe if someone is greedy or unable to come to terms with their losses.

[GIF-JOBS]

Trading and betting are completely different, when trading you can still limit losses, either in futures or spot if the market reverses, but in betting there is no such safety net because even if you bet at odds of 1.10 which is considered very safe, it does not guarantee 100% that you will end up winning. There are always surprises and eventually you will lose 100% of your money and need 10 bets at the same odds to recover it. So for me it remains realistic to target 100% profit in gambling.

Well, I disagree. There are many examples from real life that show that in regards to limiting your losses trading and gambling are very similar. Just like in gambling, some people are trying to get back what they recently lost and it leads to disaster. So, in my opinion neither of the two is safe if someone is greedy or unable to come to terms with their losses.

If someone cannot accept losses, then gambling is not for them, and without the ability to accept any outcome, a gambler can easily make wrong decisions. In gambling, you will lose about 70% of the time, and you will win 30% of the time, so losses will happen most of the time but you have to accept them. Know your limits and think realistically, leaving emotions completely aside, think realistically and gamble for the right purpose, i.e. for fun only.

[Dr.Bitcoin_Strange]

If it's actually that pattern, I don't hesitate to take profit from gambling, as much as I do in trading, no matter how small the amount is, I will take my withdrawal if am actually done for that day's gambling but if I am intending to spend more time, that's when I will continue playing until I have finish the money I want to spend for that day or maybe when my time is up already but I do take small win, even when I bet on parlay, I normally take cash out.

[Betwrong]

~ So, in my opinion neither of the two is safe if someone is greedy or unable to come to terms with their losses.

If someone cannot accept losses, then gambling is not for them, and without the ability to accept any outcome, a gambler can easily make wrong decisions. In gambling, you will lose about 70% of the time, and you will win 30% of the time, so losses will happen most of the time but you have to accept them. Know your limits and think realistically, leaving emotions completely aside, think realistically and gamble for the right purpose, i.e. for fun only.

I agree that losses happen most of the time, but I think it's more like 60% of the time, not 70%. At least that's what I feel after being engaged with gambling for more than 10 years. What's very important here is that you have to learn to accept your losses whatever they are, as you rightly said. Accepting losses means not chasing them, but just moving on.

And trading strategy shouldn't be applied to gambling because trading is job, but gambling is entertainment and nothing else.

[Distinctin]

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?

Have you tried using your trading strategy in gambling? If it does? Has it worked profitably or just lost?

Never treat gambling like trading because they will have different approaches. If we can find some assurance in trading, it is not found in gambling. If you could understand the nature of gambling, you would realize that it is impossible to manipulate it. While in trading, you can play the price movement, but we can't do it in gambling. Because strategies are not what we really need in gambling but luck.

If your goal is to make a profit, don't gamble but rather choose to trade.

[Hardyrobust]

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?

Have you tried using your trading strategy in gambling? If it does? Has it worked profitably or just lost?

Never treat gambling like trading because they will have different approaches. If we can find some assurance in trading, it is not found in gambling. If you could understand the nature of gambling, you would realize that it is impossible to manipulate it. While in trading, you can play the price movement, but we can't do it in gambling. Because strategies are not what we really need in gambling but luck.

If your goal is to make a profit, don't gamble but rather choose to trade.

Gambling and trading are two different things but saying that it is only gambling that do rely on luck then you are wrong.There is no doubt that in trading we make use of some tools like chart and also past market history in predicting the market movement. It doesn't matter how skillsfull one should be reading this chart. It is not always easy to speculate the market movement perfectly without an element luck. Luck has a part to play so long as gambling and trading is concerned.

[Zigabel]

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?

Trading can be considered a profession, one in which you will want to apply skills to get it right, it is a very skillful venture and Realtime business for many but this isn't the case with gambling. In gambling there are some superstition that is accompanied with greed that does not allow a few or even many to reconsider it in that manner and even the casinos as a marketing strategy, they put out some really unrealistic achievements out there that could be achieved from the casinos thereby suggesting to the mind of gamblers a level of expectation and so whenever you go into the casino, by default you have this greed in your head to wanting to turn little in to a whole lot, because the casino have told you its possible and there are stories of those who has achieved it already. But trade instills discipline in you and make thing look more realistic and very much achievable, it also punishes you for your indiscipline which i believe you will not want to get such so you approach differently and then the casino makes it looks like using $100 to achieve $110 is you not getting enough also messes with people mind and some how encourages their greed.

[Peanutswar]

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?

With the gambling you have an option could be make a  full amount of bet with a higher chance of return of course with the good odds and at the same time is you are confident or you are taking with the slow progress in making a bet such as a small percentage of capital per bet if you win good if not its okay because you didnt ended up lossing all of your money in a single bet the same way with the trading could be a two option an isolated trade and cross trading. In isolate trading you are limiting the capital of yours depends on your designated amount and with the cross whole capital balance is at risk now the difference right here is the risk management and knowledge of a trader. In gambling you can rely with the luck with the slots, rely on the skills and knowledge with the analytics and data of the game in sports bet. In trading you will lessen the risk base on your choice because its all about the trading preparation and execution of the trade.

[GIF-JOBS]

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?

Have you tried using your trading strategy in gambling? If it does? Has it worked profitably or just lost?

Never treat gambling like trading because they will have different approaches. If we can find some assurance in trading, it is not found in gambling. If you could understand the nature of gambling, you would realize that it is impossible to manipulate it. While in trading, you can play the price movement, but we can't do it in gambling. Because strategies are not what we really need in gambling but luck.

If your goal is to make a profit, don't gamble but rather choose to trade.

Gambling and trading are two different things but saying that it is only gambling that do rely on luck then you are wrong.There is no doubt that in trading we make use of some tools like chart and also past market history in predicting the market movement. It doesn't matter how skillsfull one should be reading this chart. It is not always easy to speculate the market movement perfectly without an element luck. Luck has a part to play so long as gambling and trading is concerned.

The importance of luck is important everywhere, without luck, trading and gambling, it is not possible to be successful anywhere. The main thing is that in trading, luck is needed along with experience, but in gambling, the whole thing actually depends on luck. And this is the difference between gambling and trading, but the main thing is that the importance of luck is not to be ignored anywhere, so of course you have to keep this fact in mind, luck and experience, both actually work as factors, so even if you want to survive here, you have to take care of your ability.

[LOVER BOY 422]

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.

You can never compare trading on Bitcoin or any cryptocurrency assets or investments to be as the same as Casino betting the different is very clear though we know we lost in casino than trading, secondly as I said before we bet in naira which is Nigeria currency the money will still be low even with the bonus but in trading the money you used in trading have value as the the income but in naira it doesn't have value except you use big money to play in casino before you will have a good bonus and good income in returns.

[Fivestar4everMVP]

What you just analysed is the main reason why we have a lot of successful traders more than that gamblers because traders are cautious about the risks they take, they do their best to make sure that the risk involved is reduced, that's the reason why a trader can set a target of 20 percent profit to be gotten for a whole month. Perhaps if gamblers apply this they wouldn't lose too much money constantly

First off, trading is very far different from gambling and both shouldn't even come close to getting compared, you and I know that trading is a business, its an art which can be learn and mastered. But have you ever seen someone who paid to learn how to gamble? Play slot or casino games, place bets on the casino and so on? Of course not and this is because gambling is something we all casually do, doesn't matter how serious we appear to take it..

The only way you stand to profit mostly from gambling is if you are running your own casino, which simply means you are running a business.. Applying the same energy, method traders apply to their trading; to gambling will leave us to winning or possibly losing much more if luck isn't on our side..

[liasbaa]

What you just analysed is the main reason why we have a lot of successful traders more than that gamblers because traders are cautious about the risks they take, they do their best to make sure that the risk involved is reduced, that's the reason why a trader can set a target of 20 percent profit to be gotten for a whole month. Perhaps if gamblers apply this they wouldn't lose too much money constantly

Like traders gamblers try to minimize their risks and maximize their wins but their losses will be higher than their wins. I am not in favor of putting gamblers on the same line as traders about making money and taking risks. Traders use their money in a specific place and try to make a profit by buying and selling, and only those who are aware of risk management can be successful traders.

On the other hand, gamblers are aware of risk management, but they cannot achieve their goals and lose most of the time. Bankroll may limit their losses but the number of losses is more likely to be higher than the number of wins.

I do not agree with the percentage of profit that you have mentioned. I think most traders cannot make a profit according to the percentage you have given. The target can keep you within a limit but most of the time the desired profit is not achieved.

[karabiber]

Success in business is usually the result of your own efforts, and therefore you are in control. As you earn money in business, you feel that money is valuable. The brain perceives this as success, and the satisfaction is long lasting.

When gambling, however, the brain emphasizes that winnings are due to chance and does not view this as success. The dopamine reward is short lived, and the brain constantly craves repetition. Furthermore, when gambling, the expected winnings are always the highest, and no matter how much is won, the goal is always to win more, which usually ends in disappointment.

[Aanuoluwatofunmi]

As gamblers, we can decide to make use of any strategy for playing our bets, once its all going to draw us more opportunity for wining, but we must be able to see how effective such could be in making the difference needed from us, using the trading strategy is not what should be discouraged, inasmuch as there will be more to discover and apply from using it, but we must never forget the risk also found in trading, everything must later be subjected to our review after knowing how effecting the strategy we adopt works or not.

[Numeral]

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?

This is a good strategy, but it should be applied not to a single bet, but to long-term play. If we choose a single bet using this strategy, then we will have to play with odds of around 1.1. This is very risky. I have seen from my own experience that such bets offer no guarantees, and we will be counting on a 10% return on our bet, but in the end, it will take away 100%. But if we apply this strategy over the long term, we don't have to choose bets with low odds if we are not confident about them. In fact, I would not choose them at all. The main thing for us is to increase our allocated bankroll by 10%, for example, over 2-3 months. If we succeed, that will already be 40-60% annual income. In reality, of course, such figures will be very difficult to achieve. At first, you can set less ambitious goals or play according to a different strategy.

[woez]

Like traders gamblers try to minimize their risks and maximize their wins but their losses will be higher than their wins. I am not in favor of putting gamblers on the same line as traders about making money and taking risks. Traders use their money in a specific place and try to make a profit by buying and selling, and only those who are aware of risk management can be successful traders.

On the other hand, gamblers are aware of risk management, but they cannot achieve their goals and lose most of the time. Bankroll may limit their losses but the number of losses is more likely to be higher than the number of wins.

I do not agree with the percentage of profit that you have mentioned. I think most traders cannot make a profit according to the percentage you have given. The target can keep you within a limit but most of the time the desired profit is not achieved.

Perhaps this is what we question when we see someone else gambling in a casino. In our opinion, they are quite skilled and well-known, but they still lose sometimes, even though they have used all their skills, including a fairly good strategy. How can they lose three times? That's strange.

Of course, they are different and will never be the same. The risks of gambling are very complex, and when you lose, you lose nothing, while when you win, it feels very exciting. The striking difference between trading and gambling is quite significant, even though they seem similar. Trading, from a probability perspective, is very dynamic and can be optimized, whereas in gambling, the probability is usually fixed and cannot be changed.

[Betwrong]

~
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.

But those 30% of our losses will eat up our profits, don't you think? If you bet $100 seven times and win with 1.1x multiplier, your profit is $70, right? And what is your total loss from betting $100 three times and losing?  So, even if you win 90% of your bets, 10% profit each, it's not worth it. You'll be $10 negative.

[khiholangkang]

~
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.

But those 30% of our losses will eat up our profits, don't you think? If you bet $100 seven times and win with 1.1x multiplier, your profit is $70, right? And what is your total loss from betting $100 three times and losing?  So, even if you win 90% of your bets, 10% profit each, it's not worth it. You'll be $10 negative.

Still, betting for financial gain and even equating it to a trading strategy in profit-making doesn't seem to hold up for long, the problem is that casinos are different from trading, gambling doesn't cover a lot of the same ground.

So let's gamble for fun, the money at stake is money that is ready to be lost in gambling, if you get a win consider it a bonus or additional capital for your longer pleasure with the previous capital.