When is Gambling Like Investing - page 17.

fullypak

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Quote from: adaseb on November 19, 2016, 05:02:16 AM

Quote from: bajing on November 19, 2016, 04:14:37 AM

Quote from: paramind22 on November 16, 2016, 01:09:54 PM

I'm not a fan of gambling by itself, but instead as a way of studying and learning about other things. For instance, I'm sure that if elderly people kept playing card games, it would help keep their minds alert. Studying poker involves studying human nature and probabilities. There are other aspects like studying risk in gambling, which is like studying risk in investing.

Does anyone have any examples of how gambling is like investing?

I'm a quite confused with you question, gambling is totally different with investing even some gambling site accept investment but that's not gambling due in investing you can get fixed income from shared profit.

TO sum it all up

Investing

Trading Stocks
Buying ICOs
Putting your BTC on loans
etc

Gambling

Poker
Dice
Roulette
etc

There are huge differences between the two. The first one is less risk and lower reward. The second one is the opposite.

I don't agree that in investment one will get less profit because in the long run one will more much more profit than gambling profits. In the longer run most of the people will lose their money in gambling, but in investments, one will get much better profits.

toy4lov3rs

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Quote from: crairezx20 on November 18, 2016, 12:50:58 PM

Quote from: Herbet Fry on November 18, 2016, 12:36:44 PM

Gambling is only like investing if you only half sure of s risky investment and the risk and rewsr is the same. It ia a bad idea to habe an investment with a risk to that of gambling too.

Gambling is a risky business to invest it is not a like its a business who are starting a business we can prefer to call it investment too..
But it is not the same investment like minor that you invest in altcoin just hold it for a long time and sell it in the right time.
Its too risky because if some hacks your business or someone win a large amount you will lose..
Gambling risky for almost all investment.. because many people are gamble..

So are you extremely foreign? Or just dull? I kind of understand what you are saying but then you drop the "Gambling risky for almost all investment.. because many people are gamble.." wtf does that mean. Are you saying that Gambling is risky because a lot of people gamble? I'm pretty sure a lot of people invest as well, that doesn't make the investment more risky. Gambling by nature is more risky than investing, but why do you say because many people are gamble. It doesn't make sense to me even if you are ESL.

BTCLovingDude

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Quote from: paramind22 on November 16, 2016, 01:09:54 PM

I'm not a fan of gambling by itself, but instead as a way of studying and learning about other things. For instance, I'm sure that if elderly people kept playing card games, it would help keep their minds alert. Studying poker involves studying human nature and probabilities. There are other aspects like studying risk in gambling, which is like studying risk in investing.

Does anyone have any examples of how gambling is like investing?

i think it is best if you don't consider gambling as an investment, not even if you make money from it.
that way you can experience the fun part of gambling a lot more than the stress and the bad feeling of small loss when you are trying so hard to earn money from it.

but with that said you can start trying sports betting so that you have a better chance at having a better win

adaseb

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Quote from: bajing on November 19, 2016, 04:14:37 AM

Quote from: paramind22 on November 16, 2016, 01:09:54 PM

I'm not a fan of gambling by itself, but instead as a way of studying and learning about other things. For instance, I'm sure that if elderly people kept playing card games, it would help keep their minds alert. Studying poker involves studying human nature and probabilities. There are other aspects like studying risk in gambling, which is like studying risk in investing.

Does anyone have any examples of how gambling is like investing?

I'm a quite confused with you question, gambling is totally different with investing even some gambling site accept investment but that's not gambling due in investing you can get fixed income from shared profit.

TO sum it all up

Investing

Trading Stocks
Buying ICOs
Putting your BTC on loans
etc

Gambling

Poker
Dice
Roulette
etc

There are huge differences between the two. The first one is less risk and lower reward. The second one is the opposite.

bajing

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Quote from: paramind22 on November 16, 2016, 01:09:54 PM

I'm not a fan of gambling by itself, but instead as a way of studying and learning about other things. For instance, I'm sure that if elderly people kept playing card games, it would help keep their minds alert. Studying poker involves studying human nature and probabilities. There are other aspects like studying risk in gambling, which is like studying risk in investing.

Does anyone have any examples of how gambling is like investing?

I'm a quite confused with you question, gambling is totally different with investing even some gambling site accept investment but that's not gambling due in investing you can get fixed income from shared profit.

MinerHQ

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Quote from: leminerale on November 18, 2016, 11:18:24 PM

gambling is not invest . gamblin is a betting where there is only win and lost, if you win increase your bitcoin and if you lost your bitcoin gone i think gambling will neve like investing

Correct, gambling shouldn't be called as an investment instead it is just a paid entertainment for gamblers. These are just an exciting games but need to pay a fee to play these games, and you have a chance to win big if you're lucky. But that winning happens very rarely because most gamblers will play for longer time and end up losing back all money to gambling houses.

susila_bai

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Quote from: paramind22 on November 16, 2016, 01:09:54 PM

I'm not a fan of gambling by itself, but instead as a way of studying and learning about other things. For instance, I'm sure that if elderly people kept playing card games, it would help keep their minds alert. Studying poker involves studying human nature and probabilities. There are other aspects like studying risk in gambling, which is like studying risk in investing.

Does anyone have any examples of how gambling is like investing?

What you are telling is very true about in poker games as it is played according to the opposite players against strategy. And gambling like investing is that you can say of sports betting where you can analyse about the teams and their strategy and matches of both teams their previous performance. So like their their are lot of way you can prepare your report and come to conclusion of their next result of match.

Gambling is like investing is when you invest in gambling site where you are not playing but your money is their in the site and if a gambler wins high then that loss will be shared by the investors and if their is profit same it will be shared by investors. so this is also called a way of gambling in Investing

paramind22

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I guess it's important to know when to stop when the stock/coin raises. Pigs get fat but hogs get slaughtered. In gambling, you don't have that choice. You just lose.

leminerale

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gambling is not invest . gamblin is a betting where there is only win and lost, if you win increase your bitcoin and if you lost your bitcoin gone i think gambling will neve like investing

klf

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Quote from: Herbet Fry on November 18, 2016, 12:36:44 PM

Gambling is only like investing if you only half sure of s risky investment and the risk and reward is the same. It ia a bad idea to habe an investment with a risk to that of gambling too.

I think you understood wrong about gambling because here risk and reward are not same but the risk is higher than reward. Your losing percentage is much greater than winning due to house edge and end results depend mostly on only luck. So don't gamble to make a profit but just gamble for fun and enjoy those games.

SparkedDev

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Normally investing is more favorable then gambling.
In real world markets investments have many factors to help earn you a gain.
Gambling 99% of the time people are losing in the long run except a few of the lucky ones.

DeDordtenaar

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Quote from: RGBKey on November 18, 2016, 12:28:36 PM

Gambling isn't really like investing, maybe vice versa. Investing your EV is usually positive while gambling it's not.

they are different but the risk may be almost the same, both have the same risk of large, investment may be little need knowledge to earn profit, in contrast to gamble ?
I wanted to ask you, invest in bankroll of gambling site, is it included in gambling?

crairezx20

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Quote from: Herbet Fry on November 18, 2016, 12:36:44 PM

Gambling is only like investing if you only half sure of s risky investment and the risk and rewsr is the same. It ia a bad idea to habe an investment with a risk to that of gambling too.

Gambling is a risky business to invest it is not a like its a business who are starting a business we can prefer to call it investment too..
But it is not the same investment like minor that you invest in altcoin just hold it for a long time and sell it in the right time.
Its too risky because if some hacks your business or someone win a large amount you will lose..
Gambling risky for almost all investment.. because many people are gamble..

Herbet Fry

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Gambling is only like investing if you only half sure of s risky investment and the risk and rewsr is the same. It ia a bad idea to habe an investment with a risk to that of gambling too.

RGBKey

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Gambling isn't really like investing, maybe vice versa. Investing your EV is usually positive while gambling it's not.

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Quote from: ikydesu on November 16, 2016, 04:26:37 PM

Investing is basically a way to gain your money, there's no risk, just a small % profit or big % profit(usually big profit turn into scam in the end), its totally different from gambling which you used your money to afford to lose.

Studying human nature and probabilities with poker is have pretty true, but not is always true, people have their other side, actually its not accurate if you comparing used poker/similiar game, because human is completely complicated.

almost there but some of your statement is not true, investment has also a risk as you are not very sure if you will be gaining profit or not and/or it will be a big profit or just a small . you are right though but even investments with small profits are turning into scam as well, investment and gambling has the similarity to each other when it comes to risk has a lot of difference in concept I guess .

Erza

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Quote from: error08 on November 17, 2016, 07:52:15 PM

Quote from: paramind22 on November 16, 2016, 01:09:54 PM

I'm not a fan of gambling by itself, but instead as a way of studying and learning about other things. For instance, I'm sure that if elderly people kept playing card games, it would help keep their minds alert. Studying poker involves studying human nature and probabilities. There are other aspects like studying risk in gambling, which is like studying risk in investing.

Does anyone have any examples of how gambling is like investing?

I remember started gambling on poker game, felt so fun and got addicted of it.
Gambling is always risky for sure but it could be such investing if you change your role as bankroll instead of player.
It's gambling too and could lose if you don't know where the best option to invest.

Yeah at some point you are right but you might never know the future, although you played as investor on gambling site, you will lose too if some big whale suddenly win big amount of money. See moneypot, nottardy claimed 72 btc and after that moneypot set some limit to their max winning too. So to think about that investor always winning you are wrong. this is not matter of where to place your investment but you really need to take some risk when you want to gain something, higher risk will be better payout

audaciousbeing

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The two are like the two poles North and South that do not have any connection aside the risk degree that is present in both. There is no level or length in which Gambling will turn into investment because in investment you are expecting a return which the chances of it coming is higher based on your own due diligence but in the case of gambling just don't go there if you are not ready to lose it.

paramind22

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Quote from: maku on November 18, 2016, 06:09:36 AM

Gambling is risk seeking activity. While investors are usually seeking the best and safest projects, therefore minimizing and averting the risk.
Face it - gamblers are no investors they are simply customers of gambling service which is usually designed to gain profits.

Op, you asked about theoretical side of gambling and math behind the games. Many bright people tried to find golden strategies and rules behind it.
And as we can see casinos are still standing strong. So if you think gambling might be a shortcut to become a millionaire - you are wrong.

I don't. Most of them seem to get busted for something.

maku

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Gambling is risk seeking activity. While investors are usually seeking the best and safest projects, therefore minimizing and averting the risk.
Face it - gamblers are no investors they are simply customers of gambling service which is usually designed to gain profits.

Op, you asked about theoretical side of gambling and math behind the games. Many bright people tried to find golden strategies and rules behind it.
And as we can see casinos are still standing strong. So if you think gambling might be a shortcut to become a millionaire - you are wrong.

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