I'm not a fan of gambling by itself, but instead as a way of studying and learning about other things. For instance, I'm sure that if elderly people kept playing card games, it would help keep their minds alert. Studying poker involves studying human nature and probabilities. There are other aspects like studying risk in gambling, which is like studying risk in investing.
Does anyone have any examples of how gambling is like investing?
I think in taking the way the example in the dice gamble when we choose high / low it happens to the investment where we have to invest in a great place both don't know the result. although I was somewhat hesitant about my statement because gambling actually can't be considered like an investment.
Gambling would only turn out to be an investment when you do already invest on gambling sites bankroll which means you dont really need to play but to be part of the house which is a wise decision than on playing on it.Chances of losing money would really be different because we do all know that house still wins on the end of the game thats why investing on bankroll will be suggested.