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?
Gambling is different from trading and you can’t treat them the same in all aspects, even though they have some similarities in common. Similarities like only using the amount you can risk to lose in a trade, not over trading or over gamble, having patient, not allowing greed to also overcome you. Trading is more likened to the knowledge you have about it, only that will determine how well you can win. As for gambling, it is a game of luck, so there is not way a game of luck when treated in a way that a game of knowledge works can make your chances of winning very high. They are different in that aspect, so don’t think of it that way. But employing the same characteristics features in gambling that are similar to that of trading in your games, it would reduce the risk factor to the nearest minimum you can take.