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?
Even in trading people do lose, there is statistics that says 80% of the over persons trading are looser while only 20% are profitable traders and that’s similar to what is happening in the gamble. Even if gamblers try to use strategic gambling ans remains discipline to their strategy it will only limit the amount of loses as compared to a regular gambler who just wakes up and start gambling until he exhausts his bank roll, then regrets for gambling aggressively. The only thing I think gamblers should emulate from trading is risk management most traders are very good with risk management and that’s the reason their loses don't make them panic to enter even a more aggressive trade.