Trading and Gambling are often brought up when it comes to generate a speculative profit because for Gambling and Trading, it always needs luck for us to happen and to generate a profit. It’s said quite often for Gambling and Trading to be a source of income despite very speculative gains, so let’s discuss how Trading or Gambling can deliver us profits and which one is better.
Trading and Gambling seems to follow a strategy
For Trading and Gambling we can select various strategies and experts are also giving trading and bet practices how to trade or how to gamble but is it really possible to make a profit from a Trading or Gambling strategy?
Long-term, I have doubts because Trading and Gambling are very tied to luck but we can indeed make a big profit if we have luck. Only requirement is to have luck and we can indeed make a big win and big profits. But such a win is not to be taken as to be repeated and next time, we can lose big time, even from our formerly positive strategy.
Sports bets are not similar like online Casino Games
It has to be said we should also differentiate between Sports Bets and online Gambling like online Casino Games, Dice Games, Slot Games or similar.
While online Casino, Dice or Slot Games are very risky because on average we will lose, we have to make a closer look to Sports betting.
Sports betting is a very broad sort of betting on all sorts of Sports, where we can select a market, which we like and which we want to bet on.
We can bet on markets like here on football:
- Winner of a game
- Total number of goals
- To get a penalty kick
- Total numbers of cards shown
- Total number of corner kicks
- Player to score a goal / get shown a card
It is a wide range of markets to bet on and we will have a possibility to make a personalized strategy for whatever market will be available, so our chances are pretty much better compared to a simple Dice game, where on average, we will lose for sure.
It’s quite possible for us to make a profit by having a good betting strategy.
Trading vs. Gambling
Trading is similar speculative like Gambling because in Trading, we make a speculation if, for example, Bitcoin’s price or any Altcoin’s price will go up or down. We can’t predict it for sure but we can analyze patterns and market movements to make a decision. Similar, like Gambling, Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.
Of course, we should not rely on profits from Gambling or Trading because it is a very risky strategy and always depends for big parts on luck to earn money for us.
This is like saying - what is better, football or basketball? They are two completely different things but many people seem to get them mixed up after watching a few movies like the wolf of wall street. Day trading is dead these days, in the era of high frequency trading you have pretty much no chance of trying to make money in this area, the real pros are making judgements on what is happening 3+ months out in the market which automated systems will find much harder to predict. Then you have investors who simply buy and hold forever, or rarely sell - because transaction fees will eat away at your long term returns. There will be certain specialists who can spin a consistent profit inbetween, but they are a rare minority. Gamblers however, are often clueless and holding on to blind luck.