I have been reading through many of the topics on gambling and based on my knowledge of trading I had to think of something that if people treat gambling the way they treat trading will that increase their chances of success? For instance, will chances of success increase if people choose to bet on specific outcomes in the game as the game is on rather than the result of the whole game as many gamblers usually target. I think it will be easier to guess some specific outcomes in a game when you see how the game is progressing. What do you think of this?
First you should know that trading and gambling are two different thing , yeah both are highly risky not gonna argue that but they are both different, gambling is mainly about luck but understanding of sport games can still add on your chances on making the right choice compare to those that don’t understand it and are gambling for the money alone not for the fun.
Trading in the other hand have to the do with mastering the market and having the right psychology (which is still applicable in gambling too) . Trading is a skill that one need to put in the work and time to mastered but in gambling no matter how you put in the work without sure luck you are still going to lose so in gambling luck and knowledge work together you just got to play it right and always apply good risk management on both
(trading and gambling).