Topic: What’s better to make a good profit - Trading or Gambling? - page 8. (Read 1432 times)
It depends on skills. Good trader may be a poor gambler and vice versa. But I think the confrontation of both activities is laboured a bit. Trader may gamble of course for fun rather than for the reason to make profit. On the other case gambler may trade his online winnings to cash it rather than to make extra profit.
- Winner of a game
- Total number of goals
- To get a penalty kick
- Total numbers of cards shown
Why's it that you sound like there's alot of things that you know about sport betting and yet, the actualization of it is nil? Have you realized that this is not even a debate to begin with?- Total number of goals
- To get a penalty kick
- Total numbers of cards shown
How many options do you know in sport betting? How many of 'em are usually restricted/ locked from gamblers during booking sessions? How many more gets the restricted "keylock" sign whenever a session begins?... Now, why do you think the casinos are locking up those options? You don't have unlimited access to any strategy in gambling but in trading, everything is on you. There's also a high chance I can grow my $1000 account into a $10000 in month - I'm not relying on the warmth hands of luck to pick up and plunge me into a pool of winning, I'm relying on my ability to make decisions.
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In fact, I would call both an uncertain and largely luck-based possibility. In gambling you have to rely on completely uncertain luck by placing bets. But in trading you have to depend on luck but in that case you must depend a lot on right timing. If you enter the market at the right time you can be almost guaranteed to get profit but if you enter a dumping session you must wait for the next market correction. But if the two are compared then trading will be considered more profitable than gambling.
Every person who has made a bet in gambling, he no longer needs time to look at the market, time and other things because all he needs to do is support one team or depend on luck if he plays at a certain casino. This means that gamblers are always more relaxed in waiting for profits and do not need to spend more time when they have placed their bets.
Meanwhile, for people who trade in the market, of course there are very fundamental differences from any gambler. This means that every trader needs to take the time to look at the market and find out what market trend is in and look for better times before actually buying something in the market so as not to make wrong decisions such as buying at the top of the mountain and selling at the bottom of the valley.
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If I were to compare a gambling related activity to trading, it would specifically be sports gambling than casino games. Yes, in both instances you'd need some form of luck but it doesn't rely entirely on it. In sports you can rely partly on identifying which of the participating teams is stronger, who's got the home advantage and stuff like that. Same with trading, you can identify what companies are growing, which company is ahead of the other. On the other hand, casino games rely 100% on luck, case closed. And no, strategies in general are just ideas/patterns that people force on a certain event which probably happened a couple of times. Notably on occasions where they "succeed", so imo it's just bias, for the most part anyway.
If you check articles only between these two trading and gambling, trading allows you to make money with the right methods and strategy while gambling points to luck as the factor that will allow you to make a profit there are traders who make a living from trading even at a small capital, something that you cannot say to gambling.
Casinos made it clear to their players that their platform is a game of luck and the chances of you losing your money are very high, on the trading platform they stated that you can lose money in their platform but you have a chance to make money if you use the right strategy and patient enough to study the market.
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.
If you check articles only between these two trading and gambling, trading allows you to make money with the right methods and strategy while gambling points to luck as the factor that will allow you to make a profit there are traders who make a living from trading even at a small capital, something that you cannot say to gambling.
Casinos made it clear to their players that their platform is a game of luck and the chances of you losing your money are very high, on the trading platform they stated that you can lose money in their platform but you have a chance to make money if you use the right strategy and patient enough to study the market.
The only difference is "initial capital" we need large capital in trading to get decent profits.
With the balance of $100 it will take time to get 100% profit from that $100, whereas in gambling you can get 100% profit quickly or lose $100 quickly too.
If you have "enough money", it is clearly better to do trading.
Another difference that you can also add is that, in gambling, if you lose that $100 that you deposit, there is no way that you will be given a chance to win it back without looking for a means to add another $100 to your account and continue your gambling again. With the balance of $100 it will take time to get 100% profit from that $100, whereas in gambling you can get 100% profit quickly or lose $100 quickly too.
If you have "enough money", it is clearly better to do trading.
But for trading, it's hard for you to get your asset 100% liquidated unless the person trades in the future, and with high-risk leverage, if not, there is always a chance for you to gain back your initial capital if you can realise your mistake on time and retrace your steps.
Understand that, trading is a skill which with it, we can be hopeful for a better future, but gambling, is not something that anybody can master, and winning and losing solely and completely depends on how lucky a gambler is, while in trading, skill plays the better role in ensuring the trader wins the trade or not.
For example during sports betting, what makes a lot of gambler to experience more loses is because they try to accumulate much odds as supposed to, whereas the user can just pick like a double or triple odds and stake with atleast minimum of $20, base on the triple odds the user has accumulated a profit of $40 in a day which may take a trader weeks to make such profits with a funded account of $100.
I don't even know why such comparison was to be made in the first place because if you check vividly you see around the whole world that they are some traders that have proven that the process is actually verified and is worth it but no one can say the same for gambling although few arguments are here and there about how gambling is done professionally by some folks but even that isn't certain at all when it comes to the financial strength.
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.
You're totally wrong, in trading a good trader can predict somewhat accurate value of an asset and even if someone isn't lucky as gambler still he/she can make profits as a trader.Surely, someone who's trading mem coins or newly launched meme coins is somehow betting but those who trade Bitcoin and other good altcoins are somewhat sure about the future values of those coins.
I would say that trading is 1-5% based on someone's luck and 95-99% based on someone's skills. While gambling is 100% based on someone's luck and no one can neglect that.
That's why I would say that a good trader can make more profits than most gamblers. However, some people who're extremely lucky can make similar profits in gambling.
If someone wants to make money with effort than trading is the way to go but if someone wants to try his/her luck then he/she should better start gambling.
Gambling always signifies luck and fun, however if you choose to make good profit I don't think gambling has it because you only appreciate it once you got random winning. That's not going to happen all the time, you have to face several losing streak before you hit the lucky jackpot or successful winning profit. Unlike with trading, making good profit can be the best part of it once you got the good asset and target is hit then you'll successfully made your trades profitable.
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Both can be cased on luck, but when it comes to trading, if you learn more about the project that you are getting involved with, you are reducing the luck factor as you will understand more about its market. Just like when you are in gambling but you are in sportsbetting, the more you understand and learn the sports itself, the better is your chance with your selection of odds.
In this point of view I will say all kinds of things in the world happening all are depend on luck not only for trading depends on luck. Like every investment in real life also depend on luck. But in terms of when you want to be a successful and profited man then you have also got some skills relevant to them and obviously working hard. Same things happened for trading here one person can take trading as his full time job if he has the knowledge of fundamental analysis and technical analysis. But if we say about gambling then always the suggestion of not taking it full time job will be more. Because it is only depend on luck it might be also true that in sport bet one person winning probability can increase if he have the knowledge about the sports and the about players and teams performance.
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.
One's considered a valid way of making money, cause if you do your research in the field and play your cards right you could literally land on a generational wealth generator that would create passive income opportunities for you and your family for years to come, and then there's gambling. 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.
Whatever you say in favor of gambling, I would never give it the credit. It doesn't deserve any, not when it's tied to loan sharks, people getting addicted to the point of crime, being a gateway to other diseases and vices, and being used by those at the upper echelons as a means to secure their ill-gotten wealth without getting vibe-checked by the government.
You'll have to be some special level of stupid to even consider Gambling as comparable to Trading when it comes to earning. When you earn something from gambling, the best amount of time you could keep it for is more or less around 10 years, and that's if you're really good with the money you iowned. Trading as I said earlier may create passive income opportunities that will span generations, cause you don't just own money, you own a piece of an enterprise that could very well outlive you.
Be smart, don't gamble if you want money.
In fact, I would call both an uncertain and largely luck-based possibility. In gambling you have to rely on completely uncertain luck by placing bets. But in trading you have to depend on luck but in that case you must depend a lot on right timing. If you enter the market at the right time you can be almost guaranteed to get profit but if you enter a dumping session you must wait for the next market correction. But if the two are compared then trading will be considered more profitable than gambling.
Both can be based on luck, but when it comes to trading, if you learn more about the project that you are getting involved with, you are reducing the luck factor as you will understand more about its market. Just like when you are in gambling but you are in sportsbetting, the more you understand and learn the sports itself, the better is your chance with your selection of odds. At the end of the day, you can pursue the activity you are most comfortable with and more knowledgeable of. Also, learning will come easy if you have good interest for that activity. Which translates to the fact that these activities will be profitable depending on your knowledge and strategies that you know of to exhaust their profitability. I won't choose any of them as it varies from one person to another. There's definitely no concrete answer on this query.
I don't agree when the OP mentions that when it comes to luck, trading and gambling are the same thing, it's not quite like that.
Obviously if you invest in memecoins, they are much more stable and unpredictable than coins with high volume and which are more difficult to manipulate, but for most coins in the top 50, the majority follow the price of Bitcoin (with the exception of altseason, where Bitcoin stabilizes a bit and altcoins explode).
It's easier to obtain positive results speculating on high-volume assets than gambling, as you can use various analysis tools that help you make decisions about your trade, such as volume, moving averages and crossing averages, graphic patterns, news, etc.
The only thing that doesn't differentiate these two is that for both trading and gambling, you must be in a good emotional state to make decisions and accept losses.
Obviously if you invest in memecoins, they are much more stable and unpredictable than coins with high volume and which are more difficult to manipulate, but for most coins in the top 50, the majority follow the price of Bitcoin (with the exception of altseason, where Bitcoin stabilizes a bit and altcoins explode).
It's easier to obtain positive results speculating on high-volume assets than gambling, as you can use various analysis tools that help you make decisions about your trade, such as volume, moving averages and crossing averages, graphic patterns, news, etc.
The only thing that doesn't differentiate these two is that for both trading and gambling, you must be in a good emotional state to make decisions and accept losses.
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.
You're totally wrong, in trading a good trader can predict somewhat accurate value of an asset and even if someone isn't lucky as gambler still he/she can make profits as a trader.Surely, someone who's trading mem coins or newly launched meme coins is somehow betting but those who trade Bitcoin and other good altcoins are somewhat sure about the future values of those coins.
I would say that trading is 1-5% based on someone's luck and 95-99% based on someone's skills. While gambling is 100% based on someone's luck and no one can neglect that.
That's why I would say that a good trader can make more profits than most gamblers. However, some people who're extremely lucky can make similar profits in gambling.
If someone wants to make money with effort than trading is the way to go but if someone wants to try his/her luck then he/she should better start gambling.
Well, I'd say trading still. Indeed risk is present on both trading and gambling but I do still find trading as easier to manage, in terms of risk, than relying on pure luck alone in gambling. Trading also has no guarantee of profit but if you learned the market of a coin, and have a trading plan on price action, chances of gaining profit is high. What's common on these two are the presence of greed on the individual who does it. So it basically depends on which would be more profitable, to the person who makes decisions. In gambling, you could win in bets but if you would be chasing bigger profit then risk is there that you will end up with nothing afterwards. There are many things that could generate profit in this industry whether it is gambling, investment, or trading but be sure to know what you are doing and to make the most out of it.
In fact, I would call both an uncertain and largely luck-based possibility. In gambling you have to rely on completely uncertain luck by placing bets. But in trading you have to depend on luck but in that case you must depend a lot on right timing. If you enter the market at the right time you can be almost guaranteed to get profit but if you enter a dumping session you must wait for the next market correction. But if the two are compared then trading will be considered more profitable than gambling.
Op you might be right that trading and betting has tied on luck but both are not fully same but it can be same as like gambling when a trader trade without any knowledge about trading. But in generally obviously to be a successful trader you have to have some analysis skills on yourself otherwise you will not I will to be do earn some profit. And in case of gambling the success depends on totally luck nothing depends on just skills so I will also say don't mix them .
Gambling is the one that's mainly based on luck, as most times our skills can't even be able to make us win the game. No matter how much we think we have studied and understood how it works, we can't completely predict it. But for trading, if you develop the skill of trading, it will be very easy for you to manage your losses and reduce them to the minimum, and at the same time, you can still secure profit, which is far different from how gambling works. In gambling, you need both luck and skill in order to be fair.
Op you might be right that trading and betting has tied on luck but both are not fully same but it can be same as like gambling when a trader trade without any knowledge about trading. But in generally obviously to be a successful trader you have to have some analysis skills on yourself otherwise you will not I will to be do earn some profit. And in case of gambling the success depends on totally luck nothing depends on just skills so I will also say don't mix them .
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.
Well I will not strongly disagree with you but I disagree with you that trading is not really lucky though there is a symptom of truth but trading is full and automatically from skill. Your skills and technics can good you good profit. And that is why newbies are asked to learn the technics and knowledge about trading before using real money to trade and not just jumped into because of what someone has said or doing. Though luck also follow but it's not like gambling. Gambling is purely by luck and if you don't have luck then you lose very well. You predict trading to make profit and your use luck to play gamble to make earning and the prediction of gambling is different from trading.
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