Which one is more risky? Skill-based gambling or trading? - page 10.

Kasabus

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Quote from: MinerHQ on July 07, 2017, 10:30:38 PM

Quote from: Joshua101101 on July 07, 2017, 04:36:55 AM

Risks everywhere are there, but some types of gambling are based only on luck and there will accordingly be more risks, because no skills will help. But in trade, after all, you can properly analyze the situation for a more stable profit.

Yes, even in skill-based gambling the end results still depend on luck because many times the strong teams have lost against the weak teams. So we can't always guess results based just their past performance. But in trading, if you can wait for the prices to go up and make a profit. I also choose trading is better than skill-based gambling.

It's based on luck but not solely, if you have a skill and your are lucky your chances of winning is really big.
That's why every gambler must learn how to improve their skills and do not rely only in luck if they want to stay longer.

MinerHQ

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Quote from: Joshua101101 on July 07, 2017, 04:36:55 AM

Risks everywhere are there, but some types of gambling are based only on luck and there will accordingly be more risks, because no skills will help. But in trade, after all, you can properly analyze the situation for a more stable profit.

Yes, even in skill-based gambling the end results still depend on luck because many times the strong teams have lost against the weak teams. So we can't always guess results based just their past performance. But in trading, if you can wait for the prices to go up and make a profit. I also choose trading is better than skill-based gambling.

raven7886

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This completely depends on your ability and the skill you have got, if you are supreme in games like chess, poker or anything and you believe the opponent is not cheating or is a face to face game then you must go with skill based gambling while if you believe you are good in instantaneous actions like selling high and buying low.
You have the determination required to hold a coin even at it's extreme worst then yeah go for trading.

Joshua101101

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Risks everywhere are there, but some types of gambling are based only on luck and there will accordingly be more risks, because no skills will help. But in trade, after all, you can properly analyze the situation for a more stable profit.

naidray

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Quote from: babsalt1975 on June 06, 2017, 04:15:04 PM

Everyone has his/her own opinion in regard to the subject matter. As an economics students, i learned that there is a percentage of risk in any venture that is geared towards growing your income. If you look at trade, it has its own risks which range from market conditions, political environment and even environmental factors. Gambling also has its own risks because you are depending on a chance to win. You can be lucky in gambling and win and fail to get anything in trading due to some conditions, therefore, all of them involve some sort of risk.

But skill based gambling like poker and few other games require minimal luck and mostly your skill and ability to judge cards. I have seen some guys making terrific profits from poker and all they do is just have a big bankroll and they play poker with that, while trading I am now sure if there is anyone who always makes profit.

Though for ordinary people like me too, I would always do trading rather than skill based gambling since our skill level may not be good enough to win against the pro.

Golftech

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Quote from: serjent05 on July 07, 2017, 01:51:21 AM

I believe skill-based gambling have more risk than trading. Even though the gambling game is skill based, there is always a factor of unknown where we still rely on the possbility of the outcome. Aside from that we cannot cut loss in gambling unlike trading where we can get some amount if the item is depreciating simply by selling the item at a lost. Gambling is either win or lose no cut loss and is dependent on the random chance.

Thats right point mate from skilled base gambling we wont be able to change our bets in the middle of the game unlike in trading where we can minimize or maximize anything that we are able to change any outcome according to our plan.

serjent05

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I believe skill-based gambling have more risk than trading. Even though the gambling game is skill based, there is always a factor of unknown where we still rely on the possbility of the outcome. Aside from that we cannot cut loss in gambling unlike trading where we can get some amount if the item is depreciating simply by selling the item at a lost. Gambling is either win or lose no cut loss and is dependent on the random chance.

Hydrogen

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I'll go out on a limb and say: skill based gambling is more risky as its much easier to lose a substantial percentage of ones bank roll.

In trading if the value of a traded commodity decreases it might only result in the loss of a few percentage points.

With gambling its very easy to lose 50% to 100% of everything.

bitcircle

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Quote from: rickadone on July 06, 2017, 12:52:15 PM

Quote from: Angel777 on June 06, 2017, 12:59:54 PM

Trading is more risky because your money will be trade and invest assured you to have profit.Trading fast way of producing money,it's like a business involves your ability to do work while if in skilled based is on how you learn only.

Though there are risks in skill based gambling too. When you play games like poker you don't know your opponents on the table and hence they very well might be more experienced and skilled than you. While trading we can always find the best coins and assets and trade with them, because for sure each asset reaches a personal high and personal low, just try to catch both the extreme points and trade accordingly.

Both are risky everybody has its own experience for some people skill based gambling is more safe than trading and some think trading has more better chance to grow money with less risks. I personally have good experience with trading from last few months trading is safe heaven.

rickadone

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Quote from: Angel777 on June 06, 2017, 12:59:54 PM

Trading is more risky because your money will be trade and invest assured you to have profit.Trading fast way of producing money,it's like a business involves your ability to do work while if in skilled based is on how you learn only.

Though there are risks in skill based gambling too. When you play games like poker you don't know your opponents on the table and hence they very well might be more experienced and skilled than you. While trading we can always find the best coins and assets and trade with them, because for sure each asset reaches a personal high and personal low, just try to catch both the extreme points and trade accordingly.

EdenHazard

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Quote from: wuvdoll on July 05, 2017, 12:52:45 PM

Quote from: kpcian on June 06, 2017, 10:00:50 AM

Form my point of view, both side is risky, if you want to participate in gambling then it would be more risky in comparison with trading, gambling is basically dependent on luck, so if your luck doesn't support you then you couldn't find any profit, on the other hand, trading also a risky process but it is less risky than gambling...

Rightly so but I would rate skill based gambling above trading because looking at the market one can easily say that to gain any profits what's all needed is luck now days and hence its almost like luck based gambling.
While in skill based gambling we can at least be happy that today we lost due to the skill level being below the opponent which I don't mind at all.

i think we are talking about trading in general , not based on current market situation.

and there is no doubt trading far better than any kind type of gambling generally .... it is just the matter of risk in trading are adjustable you can go high or safe to trade, while in gambling no matter how winning percentage you put , the result will be the same like 50:50.

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Quote from: ABCbits on October 27, 2016, 11:48:35 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.

Trading because we all know that many instances happen in trading that people always look only on the price but not on the people, account or person they will be trading of so they always end up being scammed and losing all of their money. The chances of getting higher profit got reverse and lose.

wuvdoll

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Quote from: kpcian on June 06, 2017, 10:00:50 AM

Form my point of view, both side is risky, if you want to participate in gambling then it would be more risky in comparison with trading, gambling is basically dependent on luck, so if your luck doesn't support you then you couldn't find any profit, on the other hand, trading also a risky process but it is less risky than gambling...

Rightly so but I would rate skill based gambling above trading because looking at the market one can easily say that to gain any profits what's all needed is luck now days and hence its almost like luck based gambling.
While in skill based gambling we can at least be happy that today we lost due to the skill level being below the opponent which I don't mind at all.

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Quote from: yellow1 on July 04, 2017, 08:38:47 PM

In my own opinion gambling is more risky than trading, because in gambling you can not sure by your money if it will back or you can earn profit. In trading is you can achieve profit. In gambling there is more risky you need a knowledge and strategy so that your money will not lose and to know the strategy that your money will not lose and you can earn profit. In trading is the easy way to get money, its safe to put it in trading. Trading is it depend on you, but in gambling is if your luck or to win or to lose.

Gambling and trading are two things that have risks. However, Gambling is more risky than trading. In gambling, we are risking the money we have on a game to make money, where the results are very random. Not suitable to serve as the main financial source. While trading is more inclined toward the business.

gilangIDR

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Quote from: Darker45 on July 05, 2017, 09:51:26 AM

Both have risk but more risky is skill-based gambling. When you lost in gambling it's all over and the money is lost. Whereas in trading you are only losing the value of the coin and its quantity is still the same. When you trade coins with good platforms and reliable team then you should be confident it will rise again in due time.

Gambling is a very risky game. For me gambling is not a job, gambling is just an entertainment so when i lose then there will be no regret. When we think gambling can bring money then we can lose all the money we have, but if only consider gambling as a pleasure then we will be comfortable doing various actions.

Darker45

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Both have risk but more risky is skill-based gambling. When you lost in gambling it's all over and the money is lost. Whereas in trading you are only losing the value of the coin and its quantity is still the same. When you trade coins with good platforms and reliable team then you should be confident it will rise again in due time.

ethereumhunter

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Quote from: n0ne on July 04, 2017, 11:52:15 PM

Both has got the equal risk in it. Basically when you think of skill based gambling, the skillset helps you to make a better prediction all about the event but to win one needs luck. With skill based trading the prediction needs to be accurate to profit, if this goes wrong too we can reduce the loss.

skill based gambling is only for some of gambling games like in sports betting but in other gambling games i think its not work. but if we have skill based trading then we can make a good profit and we can make better prediction for buying and selling order. but its not always work because the market in trading is always follow by supply and demand.

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Quote from: emberbekas on June 08, 2017, 04:08:11 AM

Quote from: poplolnman on June 08, 2017, 03:52:39 AM

Quote from: arseaboy on June 06, 2017, 07:03:31 PM

Quote from: Angel777 on June 06, 2017, 12:59:54 PM

Trading is more risky because your money will be trade and invest assured you to have profit.Trading fast way of producing money,it's like a business involves your ability to do work while if in skilled based is on how you learn only.

Indeed mate. It also happens to me I've put most of my investments in trading in which sometimes I gain profit and sometimes not which is for me are riskier than skill based gambling. You really rely on the prediction in trading.

trading would make you feel more risky if then you have no idea what to do , i mean to trade baseless and just guessing the price without do any effort to look at situation around , news, and several charts analysis. in this case there is no difference when you trading based on nothing compared to gambling that basically like to choose high or low, red or black , odd or even etc.

It depends on our interest and our basic knowledge. If we are more fluent at trading than skill-based games, hence trading would be better for us and vice versa. But for sure, the risk will always be there.

you mean when you are skillful in gambling it's better than to go trading randomly? i don't think so , both are same in that case as no matter what skill based games in the end gambling are just gambling where everything are basically random. so the outcome on both wouldn't get affected mathematically. imho it's same risk under certain circumstances.

Japinat

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Quote from: hovrah on July 05, 2017, 12:22:32 AM

Quote from: n0ne on July 04, 2017, 11:52:15 PM

Both has got the equal risk in it. Basically when you think of skill based gambling, the skillset helps you to make a better prediction all about the event but to win one needs luck. With skill based trading the prediction needs to be accurate to profit, if this goes wrong too we can reduce the loss.

If he assess the opportunities for salary hands and a trader, then it seems to me that traders have a more stable occupation than a gambler. The point is that trading on the stock market involves visual observation of why you are leaving with what you are dealing with. You see the ups and downs of the price. But in gambling it's 5% out of 100% that you will get lucky.

Trading has more chance to be richer compared to gambling, there is a big market for a trader to play and anytime he can make as much money as he want if he has that skills to make a good prediction most of the time. Also, trading is not ban in some countries unlike in gambling, so for the safety activity, trading is also leading, and that is why I choose this path of my life, I am now a trader and give up my dream to be a successful gambler.

hovrah

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Quote from: n0ne on July 04, 2017, 11:52:15 PM

Both has got the equal risk in it. Basically when you think of skill based gambling, the skillset helps you to make a better prediction all about the event but to win one needs luck. With skill based trading the prediction needs to be accurate to profit, if this goes wrong too we can reduce the loss.

If he assess the opportunities for salary hands and a trader, then it seems to me that traders have a more stable occupation than a gambler. The point is that trading on the stock market involves visual observation of why you are leaving with what you are dealing with. You see the ups and downs of the price. But in gambling it's 5% out of 100% that you will get lucky.

Topic: Which one is more risky? Skill-based gambling or trading? - page 10. (Read 9532 times)