Which one is more risky? Skill-based gambling or trading?

michkima

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Quote from: katarin2030 on January 05, 2018, 03:59:57 AM

Quote from: Nerman on January 05, 2018, 12:57:21 AM

For me as a trader and a gambler I still consider gambling as more riskier.

Also with gambling when you lose your money that is it your done while in trading even though the prices went down you do not lose the money until you click that sell button.

On any day gambling is risky compared to trading, irrespective of whether it is skill based or luck based gambling. Trading can assure you at least the invested money back, but gambling may or may not get the invested money back. Trading is a safer side then gambling need luck and skill to win in gambling.

Yes I agree, gambling is always much more risky, but to be honest trading is also very risky. There are a lot of chances that you can lose 10% just like that without the trader even having the opportunity to react to the sudden event. But what is good with trading is that you can change your position and possibly profit from the situation. But of course trading is something for someone really experienced. It is not something for newbies to make a quick buck.

katarin2030

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Quote from: Nerman on January 05, 2018, 12:57:21 AM

For me as a trader and a gambler I still consider gambling as more riskier.

Also with gambling when you lose your money that is it your done while in trading even though the prices went down you do not lose the money until you click that sell button.

On any day gambling is risky compared to trading, irrespective of whether it is skill based or luck based gambling. Trading can assure you at least the invested money back, but gambling may or may not get the invested money back. Trading is a safer side then gambling need luck and skill to win in gambling.

TemiYemi

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Both trading and skill based gambling are very risky.
I am of the opinion that gambling require special skills and intuition than trading, I stand to be corrected though.

Caladonian

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Quote from: zmkriel on January 05, 2018, 03:04:39 AM

On my own opinion skill based gambling is more risky than trading because in trading, if you know how to choose the right coins to trade and you got patience in what you do then you will earn more profits much more that what you are expected. But in skill based gambling, if you are unlucky then you will left nothing.

Almost all of us can agree with you aside from those pro gamblers as they will also seen the business as much safer than trading because they really getting good earnings out from this business, its between the people who knows how to take advantage, better to go with your interest and risk only the'money that you can afford to lose since both venue have its own set of risk.

zmkriel

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On my own opinion skill based gambling is more risky than trading because in trading, if you know how to choose the right coins to trade and you got patience in what you do then you will earn more profits much more that what you are expected. But in skill based gambling, if you are unlucky then you will left nothing.

Nerman

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For me as a trader and a gambler I still consider gambling as more riskier.

Also with gambling when you lose your money that is it your done while in trading even though the prices went down you do not lose the money until you click that sell button.

futile-resistance

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Quote from: warwar on December 31, 2017, 05:43:52 AM

Quote from: dmamigo on December 25, 2017, 03:13:12 PM

I would say gambling would still be risky even if it is skill based. Trading is where you can decide, hold, take your time. Where as gambling even if you skilled, luck do plays great role. Poker gambling, Sports betting, these are the ones I prefer where I can use my skills but as I said, luck played its part.

Agree sports betting and other card games will have a skill to play and to win but still if you are not lucky enough to get a nice card or to bet a team though it will losses on that game. Most of the game of the gambling is really requires luck and a low of skill and strategy, it is the most difficult to control the game because luck is deciding whether you win or not. Trading is a game that you can control to sell or hold or buy or not because you are the one who deciding it you have the control.

I don’t know who told you that sports betting and other card games involve some sort of skills of gamblers. As far as my knowledge is concerned, sports’ betting involves the analysis of gambler beside luck because you will only bet on a strong team if you have a sound knowledge about the game and definitely, it will not put you in loss while in card games, only luck matters and skills are just temporary things.

mware

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Quote from: ABCbits on October 27, 2016, 10:48:35 AM

I often see that people prefer skill-based gambling such as poker or sportsbook because they think it's more profitable than trading.
But, people say that sports can be manipulated by mafia/casino for their own good.

So, which one is more risky? Skill-based gambling or trading? I think both of them have same risks because both of them could be manipulated, unexpected things could happen and many more.

both have risks. for me skill based gambling is more risky because when you bet there is only win or lose. in gambling is not just the skills needed but also the luck. trading for me has a low risk because we can sell anytime trading for me has a low risk because we can sell anytime. this can reduce losses

katrimans

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Quote from: megynacuna on December 25, 2017, 11:07:49 AM

Quote from: Osarman on December 21, 2017, 01:48:36 AM

Quote from: CentBradley on December 18, 2017, 04:49:56 AM

It's hard to say which one is more risky... I think they both are very risky, but gambling requires more special skills and luck than trading.

If you just compare both on this basis that who is more risky then yes like you have said, gambling is more risky. Trading is risky too but there are some sorties about wining if you implement your strategies with much better way then yes you can earn more money. But here in gambling, it is just a loss every time when you play because you are losing money every next game.

Exactly, gambling is indeed very risky because you can loose everything at once but trading especially in forex can be controlled and you will only loose a fixed amount of money and not everything at once and so i think it's better .

I think you haven’t given a suitable difference between these two. You said that in gambling, a person loses all of his wealth at once while in trading you lose the fixed amount. I want to ask you that don’t you think that one also loses the fixed amount in gambling as he loses in trading.

It’s obvious man that you are going to lose only that amount in gambling which you have shown for betting. I bet this will not happen that the winners took more than you have betted.

llyfee4u

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I would say that trading is less risky than skill based gambling. Yes, with some specific skills you could do well in gambling, take poker for example. However, you still can't control the level of risk and the probability of wining or losing is more or less out of you control, perhaps with gambling you also need a little bit of luck despite the skills that one may have.
Whereas, with trading, even though you are still taking risks, you have a lot more control in determining when to buy/sell depending on your outlook of the market. Also, with trading, depending on how deep you pocket is, you can manipulate the trade in your favour.

warwar

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Quote from: dmamigo on December 25, 2017, 03:13:12 PM

I would say gambling would still be risky even if it is skill based. Trading is where you can decide, hold, take your time. Where as gambling even if you skilled, luck do plays great role. Poker gambling, Sports betting, these are the ones I prefer where I can use my skills but as I said, luck played its part.

Agree sports betting and other card games will have a skill to play and to win but still if you are not lucky enough to get a nice card or to bet a team though it will losses on that game. Most of the game of the gambling is really requires luck and a low of skill and strategy, it is the most difficult to control the game because luck is deciding whether you win or not. Trading is a game that you can control to sell or hold or buy or not because you are the one who deciding it you have the control.

szpalata

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Quote from: dmamigo on December 25, 2017, 03:13:12 PM

I would say gambling would still be risky even if it is skill based. Trading is where you can decide, hold, take your time. Where as gambling even if you skilled, luck do plays great role. Poker gambling, Sports betting, these are the ones I prefer where I can use my skills but as I said, luck played its part.

Sure, gambling is the riskier of the two because you can loose everything at once or win everything at once but trading cash be regulated and set to make you gain or loose definite amounts of money if you apply those limit parameters.

dmamigo

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I would say gambling would still be risky even if it is skill based. Trading is where you can decide, hold, take your time. Where as gambling even if you skilled, luck do plays great role. Poker gambling, Sports betting, these are the ones I prefer where I can use my skills but as I said, luck played its part.

emberbekas

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Quote from: vv181 on December 25, 2017, 01:10:28 PM

Quote from: PizzaBTC on December 25, 2017, 06:45:55 AM

Quote from: cajaronaig on December 17, 2017, 10:48:36 PM

i think skill based gambling is more riskier than trading. In trading you will not completely lost all your money.

First of all, I want to add something to your comment that there is no skills based gambling because gambling is totally relying upon your luck, if you are lucky enough you will make profits and vice versa.

Gambling is more risky than trading because in trading you don’t have any pressure of losing your money while in gambling, if one is winning the game from the start but at the end, due to this pressure he has to face loss at the end.

Not all gambling type is basing on luck there are Sportsbet and other kinds of gambling that need a research and analysis to predict the outcome, so basically it's predictable. It's really different when it comes to a game that the outcome is unpredictable.

Yes, most sport games are predictable but not every analysis will work as expected. Sometimes, big team lost when playing against a weak team. And don't forget, even though most sport games are predictable, there are odds that will for sure against us if we wanted to place bets on which team to win the game.

vv181

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Quote from: PizzaBTC on December 25, 2017, 06:45:55 AM

Quote from: cajaronaig on December 17, 2017, 10:48:36 PM

i think skill based gambling is more riskier than trading. In trading you will not completely lost all your money.

First of all, I want to add something to your comment that there is no skills based gambling because gambling is totally relying upon your luck, if you are lucky enough you will make profits and vice versa.

Gambling is more risky than trading because in trading you don’t have any pressure of losing your money while in gambling, if one is winning the game from the start but at the end, due to this pressure he has to face loss at the end.

Not all gambling type is basing on luck there are Sportsbet and other kinds of gambling that need a research and analysis to predict the outcome, so basically it's predictable. It's really different when it comes to a game that the outcome is unpredictable.

megynacuna

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Quote from: Osarman on December 21, 2017, 01:48:36 AM

Quote from: CentBradley on December 18, 2017, 04:49:56 AM

It's hard to say which one is more risky... I think they both are very risky, but gambling requires more special skills and luck than trading.

If you just compare both on this basis that who is more risky then yes like you have said, gambling is more risky. Trading is risky too but there are some sorties about wining if you implement your strategies with much better way then yes you can earn more money. But here in gambling, it is just a loss every time when you play because you are losing money every next game.

Exactly, gambling is indeed very risky because you can loose everything at once but trading especially in forex can be controlled and you will only loose a fixed amount of money and not everything at once and so i think it's better .

PizzaBTC

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Quote from: cajaronaig on December 17, 2017, 10:48:36 PM

i think skill based gambling is more riskier than trading. In trading you will not completely lost all your money.

First of all, I want to add something to your comment that there is no skills based gambling because gambling is totally relying upon your luck, if you are lucky enough you will make profits and vice versa.

Gambling is more risky than trading because in trading you don’t have any pressure of losing your money while in gambling, if one is winning the game from the start but at the end, due to this pressure he has to face loss at the end.

Osarman

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Quote from: CentBradley on December 18, 2017, 04:49:56 AM

It's hard to say which one is more risky... I think they both are very risky, but gambling requires more special skills and luck than trading.

If you just compare both on this basis that who is more risky then yes like you have said, gambling is more risky. Trading is risky too but there are some sorties about wining if you implement your strategies with much better way then yes you can earn more money. But here in gambling, it is just a loss every time when you play because you are losing money every next game.

Joriecoinbit

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Quote from: Sanitough on December 18, 2017, 04:08:43 AM

Quote from: wuvdoll on December 18, 2017, 03:31:01 AM

Quote from: oHnK on December 15, 2017, 04:24:19 AM

Quote from: gabmen on December 15, 2017, 03:29:08 AM

Most skill bases gambling are pvp or team vs team and there are factors that any analyst can study to come up with a decent prediction. Much the same with trading. So personally, skill based gambling and trading gives you pretty much the same chances if you do your research well

In the end it depends on wether you are lucky or not because no matter how skilled you are, if you are not lucky then everything is over for you. The main point is still being lucky, if we are lucky even if we are supposed to lose then we can turn the tide with our luck however the hard thing is being lucky and win the game all the time

Yes, gambling is a pure luck based thing while experience only helps you to tackle small situations in gambling but the main factor over which gambling revolves is luck.

If a gambler is in his beginning of gambling but is lucky enough, he would be able to defeat the person who has spent years in this gambling but at that time experience surrenders in front of luck which completely shows that gambling is luck based.

I don't believe on that, gambling could also be based on our skills and if we are lucky that would help improve our chances of winning.
If that is only based on pure luck then for sure it's not gonna be fun because it's not challenging to us gamblers.

Gambling and trading involves risk and that's what makes it more fun for some gamblers. Gambling is based entirely on the unpredictability of the outcome. Skill based games has the possibility to improve your chances of winning by learning more about the game or by developing skills as a player. However, chance still plays a big part. No matter what your skill level is, you still can't control the outcome of the game.

If I were to ask which one is more risky, I would definitely choose gambling as you don't know the outcome of the game even if how skillful you are in a certain game.

poplolnman

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Quote from: alisafidel58 on December 09, 2017, 04:45:34 AM

Trading has less risk than skill based gambling and if you are really skilled at trading and has lost of experience doing it then you can gain more profit or money than any gambler could have.
Gambling alone is based on luck while trading is based on how well you read the market to gain profit for daily trading.

People think that through trading they would have received less risk but actually it wasn't that easy , there's a lot of steps to be through and it cost a lot of times. Pretty much different when you go to gamble where everything are so instant , that's what makes people remain to choose to gamble.

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