Post
Topic
Board Gambling discussion
Re: Do you consider trading as gambling?
by
mirakal
on 24/08/2016, 07:32:12 UTC
I see no difference between trading and gambling. I think the only difference is the time frame. In gambling, you can get your results in an instant. While in trading, you can wait for days/weeks before you sell your coin. The instant of you selling your coins in trading will decide if you get profit and how much or you get less than what you've invested. Nevertheless, trading would always be better than gambling because you can do tons of research first about a coin before you invest on it.
I see somehow there is a similarity in trading and gambling because there are gambling games can be studied or research to gain some knowledge that can be useful for you to get the advantage, and I am saying sports betting gives you that opportunity. In addition, sports betting provide a leverage for the bettors to do sports arbitrage which has no risk which will guarantee you a win everytime.

Yeah but how can dice be researched and studied? Its pretty much basic probability. Only method that doesn't quite work well is martingale and usually leaves most gamblers with no BTC after they hit a huge losing streak.

Sport betting is the only game that you could study the probabilities of such games. With that you could lessen the risk and would win that bet but dont forget that you also need luck in able to win because no matter how good your team is but luck doesnt  support you then its a sure lose. Dice is a matter of luck game and martingale is busted  already for a long time which is not ideal to use already.
Let us take dice the picture because it is hard to compare dice against trading. Sports betting and trading has a similarity as sports betting can be called like sports investing sometimes, I am pretty sure you guys here of betfair for sports arbitrage.