Quote from: NorrisK on September 27, 2016, 04:09:25 PM

Quote from: Red-Apple on September 27, 2016, 03:37:05 PM

Quote from: raphma on September 27, 2016, 03:24:01 PM

so, you're talking only about betting on sports right? because that wasn't clear and i feel like many people were coming here expecting to see a dice betting bot.

yeah it is. and since it is a long wall of text i doubt that anybody is going to read it completely especially since the majority of users around here are betting in dice games.

and to be honest he lost me right in the 4th paragraph when said sports betting and "trading" since they have nothing in common

The trading he is mentioning is basically selling or buying into the fact that a certain event is going to happen. This is gambling, as the event outcome is unknown.

It is like buying into a bet saying Trump will win the elections. To me that is still betting.

Trading is a very general term to designate the activity on financial markets: it can mean buying/selling commodities, hedging against some risks...

When you trade, you make a contract with another party and you could design for example a hedging contract that will pay you 100,000$ if Trump is elected (because it may be bad for your immigration-related business) and 0$ if Clinton wins. Of course, that contract has a price which you pay upfront.

And if you compare it to sports betting, well it is exactly the same thing. Tongue