Quote from: erep on November 16, 2023, 09:17:26 PM

I am sure that almost all gamblers on crypto-based casino platforms have crypto investments, risk management between the two is different because crypto investments require high funds and risk management must be improved so that you don't choose the wrong coin to invest. However, luck in crypto can be predicted with analysis techniques and news support review regarding crypto updates but gambling is difficult to predict even in sports betting because the winning betting choice depends on the gambler's luck.

I think if they can manage the risk in crypto then they can also manage the risk in gambling, but if they fail to manage the risk in gambling then it will have a bad impact on crypto investment, I am afraid that many gamblers have damaged their crypto portfolio because they failed to maintain long-term investments.

I definitely agree that all gamblers using a crypto-based gambling platform have investments in cryptocurrencies or have previously traded cryptocurrencies. I also agree that risk management for cryptocurrency trading and gambling are not exactly the same but I would argue that applying proper risk management for both is similar. In particular, I would also like to correct that risk management should be done with high capital when trading cryptocurrencies. There is absolutely no requirement to have high capital in order to implement risk management correctly. Regardless of the budget amount the person should apply risk management correctly and continue on his/her way by creating a risk management plan completely in line with his/her budget.

I would also like to remind you this about sports betting: If a gambler has information/knowledge about the sports club he/she will bet on, this is a detail that can increase the probability of winning the bet. For example, knowing that a strong team has a high probability of winning or predicting the possibility of a strong team suffering a surprise defeat due to its current roster requires information and following sports news. So, depending on the type of gambling it wouldn't be correct to say that it is completely based on luck.

Finally, it is of course correct to classify risk management but to generalize someone who has knowledge and experience in risk management can manage his/her capital successfully regardless of gambling or cryptocurrency trading.

NOTE: I am definitely not someone who defends the idea that trading cryptocurrencies and gambling are the same thing and there is no difference. I only aim to express my thoughts and learn the thoughts of all kinds of different people by commenting on the connections and similarities between them.