Which one is more risky? Skill-based gambling or trading? - page 15.

MinerHQ

legendary

Activity: 1456

Merit: 1023

Quote from: Idrisu on April 21, 2017, 10:28:05 AM

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.

Skills based gambling is risky than trading. Gambling is a game of chance and it take the gods of gambling to be on your side for you to really succeed in it. Trading if you treat well bring low return compared to skills based gambling but you can skillfully trade and have consistent success but you cannot skillfully gamble and have consistent success.

I too agree that all gambling needs only luck to win money. But if your trade without any knowledge then it is also similar to gambling so don't trade just based on some tips. First, learn the basics of trading before jumping into it to make quick profits. There are plenty of experts lost money in trading so start with a small amount until you learn things.

the rise

sr. member

Activity: 2198

Merit: 273

SecureShift.io | Crypto-Exchange

Quote from: gabmen on April 22, 2017, 08:34:39 PM

Quote from: Idrisu on April 21, 2017, 10:28:05 AM

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.

Skills based gambling is risky than trading. Gambling is a game of chance and it take the gods of gambling to be on your side for you to really succeed in it. Trading if you treat well bring low return compared to skills based gambling but you can skillfully trade and have consistent success but you cannot skillfully gamble and have consistent success.

You're talking about gambling in general here dude. Op is talking about skill based gambling like poker or sports bet where in you get a higher chance of winning based on your skill, experience and understanding of the game. This is not about dice, or roulette or slots that we're talking about here and skill based gambling is a whole lot different from the luck based gambling you're talking about

Basically the expertise in these two businesses is equally high risk because it takes strong reasoning and often sees only from chancy side. Expertise in trading is clearly more risky for people who often apply margin calls in trading moves, and also because of the volume of personal factors that tend to be more than the volume of gambling. I have no problem with this, because the most important is emotional control and able to see opportunity when the right momentum for execution of profit and complete it in a period of time.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: Idrisu on April 21, 2017, 10:28:05 AM

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.

Skills based gambling is risky than trading. Gambling is a game of chance and it take the gods of gambling to be on your side for you to really succeed in it. Trading if you treat well bring low return compared to skills based gambling but you can skillfully trade and have consistent success but you cannot skillfully gamble and have consistent success.

You're talking about gambling in general here dude. Op is talking about skill based gambling like poker or sports bet where in you get a higher chance of winning based on your skill, experience and understanding of the game. This is not about dice, or roulette or slots that we're talking about here and skill based gambling is a whole lot different from the luck based gambling you're talking about

Idrisu

sr. member

Activity: 924

Merit: 260

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.

Skills based gambling is risky than trading. Gambling is a game of chance and it take the gods of gambling to be on your side for you to really succeed in it. Trading if you treat well bring low return compared to skills based gambling but you can skillfully trade and have consistent success but you cannot skillfully gamble and have consistent success.

BitcoinPC

hero member

Activity: 812

Merit: 500

Quote from: CODE200 on March 29, 2017, 09:30:04 AM

Well of course the more risker is the skill-based gambling because even though you are familiar and knowledgeable about any skill-based gambling the risk is much higher cause you might have a big chances of losing than winning not like in trading the risk is little because you are making sure that once you trade something you might get an equal benefits even not the way that you expected it.

We use the word of skill based gambling, especially for sports betting. In it we use our skills and we win in it only our skills based. So for me, only few gamblers have pure skills of sports, otherwise, many gamblers are only guess about sports like me.
It is true and i accept it, mostly i guess and mostly i win in sports betting.
But about comparison with skills based gambling and trading, than my answer is clear as everyone know that gambling is risky even it is skills wise or not, than trading.

FlightyPouch

sr. member

Activity: 1638

Merit: 300

Quote from: doaremon on March 29, 2017, 09:52:45 AM

Definitely skill based gambling is more risky. You have to depend on the game fully which can be manipulated easily anytime. And ultimately you have to lose once or even more times. But in trading the case is whole different. Analyzing the market anyone can make money out of it.

I think I need to disagree with you there, it is not that I dont get your point but in my point it is not correct. I really prefer skill based gambling than trading, you can get profits quickly just using your skills. Trading is a really hard thing to deal with especially on these kind of currency, you need to be always alert and really seeks informations concerning your assets.

Skill based gambling do not really need anything, your skill, your money and your experience, while trading there are a lot of needed stuffs like time and passion.

BlockEye

legendary

Activity: 1148

Merit: 1097

Bounty Mngr & Article Writer https://goo.gl/p4Agsh

Quote from: memii on March 29, 2017, 09:40:31 AM

Quote from: CODE200 on March 29, 2017, 09:30:04 AM

Well of course the more risker is the skill-based gambling because even though you are familiar and knowledgeable about any skill-based gambling the risk is much higher cause you might have a big chances of losing than winning not like in trading the risk is little because you are making sure that once you trade something you might get an equal benefits even not the way that you expected it.

Gambling is really much risk when compare it with trading if we have some sources and can make some research in deep about any pick with trading than we can make safe exit with little profit. But in gambling it's not possible to make guaranteed profit even with 99% sure pick.

They just still the same. Even if you do some research to a certain coin, You can't guarantee that it can give you the right prediction for the price of the coin. Some news article on the web are just hype or it is just paid to post so there are not much reliable. I think research is more applicable on sportsbetting rather than trading. Personally, i don't believe on any news article on web especially when the topic is about altxoin and posted on cointelegraph. Grin

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: Ducky1 on March 29, 2017, 02:35:03 PM

Quote from: BlueStackz on March 29, 2017, 02:28:04 PM

Quote from: CryptoCurrencyInc.com on March 29, 2017, 01:01:24 PM

Quote from: doaremon on March 29, 2017, 09:52:45 AM

Definitely skill based gambling is more risky. You have to depend on the game fully which can be manipulated easily anytime. And ultimately you have to lose once or even more times. But in trading the case is whole different. Analyzing the market anyone can make money out of it.

Yes and any type of gambling is risky and you cannot expect positive results from it every time but if you are aware about price movements and current scenario of market trend then you can easily make some money by putting your money in trading.

But I believe sports betting is less riskier than trading. Sports betting must be one of the gambling type, no one could ignore this still it is better than trading for consistent profit making. Bitcoin trading could be an exceptional but compared to Forex trading or altcoin trading, sports betting is always profitable for me.

I love skill based a gambling because it has very less risk. Trading bitcoin is good because if we are holding bitcoin we can make profits, but sports betting is capable of giving instant profits unlike bitcoin trading.

Sports betting is a good way to make profits if you have good strategy and skills and if you can read the game well on the other hand trading is also good but it will be time consuming to make profits whereas gambling will give you instant results.

It's not time consuming is you have a good amount of bankroll but if you will start with $10 and you want a $10,000 return then that would really take time. Sports betting is one of the profitable games in the world of gambling and gamblers are willing to spend their hard earned money just to bet on their favorite teams, some just want to have fun while some are really serious and profit oriented. If your purpose is to make money, you must have the skills before putting a big amount of bankroll as it's only you yourself will dictate the outcome of your gambling session.

Ducky1

hero member

Activity: 966

Merit: 500

📱 CARTESI 📱 INFRASTRUCTURE FOR SCA

Quote from: BlueStackz on March 29, 2017, 02:28:04 PM

Quote from: CryptoCurrencyInc.com on March 29, 2017, 01:01:24 PM

Quote from: doaremon on March 29, 2017, 09:52:45 AM

Definitely skill based gambling is more risky. You have to depend on the game fully which can be manipulated easily anytime. And ultimately you have to lose once or even more times. But in trading the case is whole different. Analyzing the market anyone can make money out of it.

Yes and any type of gambling is risky and you cannot expect positive results from it every time but if you are aware about price movements and current scenario of market trend then you can easily make some money by putting your money in trading.

But I believe sports betting is less riskier than trading. Sports betting must be one of the gambling type, no one could ignore this still it is better than trading for consistent profit making. Bitcoin trading could be an exceptional but compared to Forex trading or altcoin trading, sports betting is always profitable for me.

I love skill based a gambling because it has very less risk. Trading bitcoin is good because if we are holding bitcoin we can make profits, but sports betting is capable of giving instant profits unlike bitcoin trading.

Sports betting is a good way to make profits if you have good strategy and skills and if you can read the game well on the other hand trading is also good but it will be time consuming to make profits whereas gambling will give you instant results.

BlueStackz

legendary

Activity: 1204

Merit: 1028

Quote from: CryptoCurrencyInc.com on March 29, 2017, 01:01:24 PM

Quote from: doaremon on March 29, 2017, 09:52:45 AM

Definitely skill based gambling is more risky. You have to depend on the game fully which can be manipulated easily anytime. And ultimately you have to lose once or even more times. But in trading the case is whole different. Analyzing the market anyone can make money out of it.

Yes and any type of gambling is risky and you cannot expect positive results from it every time but if you are aware about price movements and current scenario of market trend then you can easily make some money by putting your money in trading.

But I believe sports betting is less riskier than trading. Sports betting must be one of the gambling type, no one could ignore this still it is better than trading for consistent profit making. Bitcoin trading could be an exceptional but compared to Forex trading or altcoin trading, sports betting is always profitable for me.

I love skill based a gambling because it has very less risk. Trading bitcoin is good because if we are holding bitcoin we can make profits, but sports betting is capable of giving instant profits unlike bitcoin trading.

CryptoCurrencyInc.com

sr. member

Activity: 476

Merit: 250

Quote from: doaremon on March 29, 2017, 09:52:45 AM

Definitely skill based gambling is more risky. You have to depend on the game fully which can be manipulated easily anytime. And ultimately you have to lose once or even more times. But in trading the case is whole different. Analyzing the market anyone can make money out of it.

Yes and any type of gambling is risky and you cannot expect positive results from it every time but if you are aware about price movements and current scenario of market trend then you can easily make some money by putting your money in trading.

doaremon

full member

Activity: 532

Merit: 100

Definitely skill based gambling is more risky. You have to depend on the game fully which can be manipulated easily anytime. And ultimately you have to lose once or even more times. But in trading the case is whole different. Analyzing the market anyone can make money out of it.

D05GTO

sr. member

Activity: 406

Merit: 250

Quote from: memii on March 29, 2017, 09:40:31 AM

Quote from: CODE200 on March 29, 2017, 09:30:04 AM

Well of course the more risker is the skill-based gambling because even though you are familiar and knowledgeable about any skill-based gambling the risk is much higher cause you might have a big chances of losing than winning not like in trading the risk is little because you are making sure that once you trade something you might get an equal benefits even not the way that you expected it.

Gambling is really much risk when compare it with trading if we have some sources and can make some research in deep about any pick with trading than we can make safe exit with little profit. But in gambling it's not possible to make guaranteed profit even with 99% sure pick.

Yeah gambling is totally based on luck and once you invest your money either you win or loose but in trading if you have good strategy you can always make profits at regular intervals and if you are good in it then I don't see any risk in it.

memii

legendary

Activity: 1372

Merit: 1001

Quote from: CODE200 on March 29, 2017, 09:30:04 AM

Well of course the more risker is the skill-based gambling because even though you are familiar and knowledgeable about any skill-based gambling the risk is much higher cause you might have a big chances of losing than winning not like in trading the risk is little because you are making sure that once you trade something you might get an equal benefits even not the way that you expected it.

Gambling is really much risk when compare it with trading if we have some sources and can make some research in deep about any pick with trading than we can make safe exit with little profit. But in gambling it's not possible to make guaranteed profit even with 99% sure pick.

FiiNALiZE

hero member

Activity: 868

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Investing money into trading is a better choice because the possibilities of getting the money back if far better than depositing money into a gambling website and not seeing the money again due to the owner of the website running away with it. Gambling is filled with suspicious people who isn't afraid to show that they're suspicious people. Trading is usually filled with other traders that aren't entirely crooks yet they show more class when trying to make money.
Skilled gambling makes money faster so I would choose that instead of trading, though that's just me.

CODE200

sr. member

Activity: 1428

Merit: 308

Well of course the more risker is the skill-based gambling because even though you are familiar and knowledgeable about any skill-based gambling the risk is much higher cause you might have a big chances of losing than winning not like in trading the risk is little because you are making sure that once you trade something you might get an equal benefits even not the way that you expected it.

poplolnman

legendary

Activity: 1442

Merit: 1008

Quote from: J Gambler on March 27, 2017, 10:44:26 AM

Quote from: Vaskiy on March 27, 2017, 10:01:25 AM

Quote from: iqlimasyadiqa on March 27, 2017, 08:56:36 AM

Quote from: xvids on March 27, 2017, 06:30:24 AM

For me skill based gambling is more risky rather than trading,
But I don't really know cause I am not a trader and whenever I gamble I would only play in some dice site.

gambling is a very risky game. when compared with the trading of course gambling is very high and vulnerable. I've lost a lot of money, but I've also got a lot of money from gambling games. we have to really be able to manage time appropriately.

In my opinion time management is much required for trading, but for gambling money management is a must. Only with money management one can know his own limits and participate accordingly to get profited based on the strategy made.

Time management will never solution in trading you can set auto sell there while you are playing in gambling. The only diffenrece in gambling is you can earn there the profit you get from trading. Whether you know already your limition the profit triggered us more to play in to long run. Consistent profit will always make us more wanting to play gambling and making bets more higher.

i think what he means about time management are when you should know to stop collect the profit or when you have to cut loss, it was a common strategy in trading actually. no matter it's skill based gambling game or trading, as long as you know the time to stop , know your limit , both are same good imho.

bering

legendary

Activity: 2884

Merit: 1006

Leading Crypto Sports Betting & Casino Platform

Quote from: Vaskiy on March 27, 2017, 10:01:25 AM

Quote from: iqlimasyadiqa on March 27, 2017, 08:56:36 AM

Quote from: xvids on March 27, 2017, 06:30:24 AM

For me skill based gambling is more risky rather than trading,
But I don't really know cause I am not a trader and whenever I gamble I would only play in some dice site.

gambling is a very risky game. when compared with the trading of course gambling is very high and vulnerable. I've lost a lot of money, but I've also got a lot of money from gambling games. we have to really be able to manage time appropriately.

In my opinion time management is much required for trading, but for gambling money management is a must. Only with money management one can know his own limits and participate accordingly to get profited based on the strategy made.

not only on gambling because i think both are really necessary to manage money management but the most important thing is they also must dicipline to do that because greedy sometimes could destroy their money management

J Gambler

hero member

Activity: 910

Merit: 500

Quote from: Vaskiy on March 27, 2017, 10:01:25 AM

Quote from: iqlimasyadiqa on March 27, 2017, 08:56:36 AM

Quote from: xvids on March 27, 2017, 06:30:24 AM

For me skill based gambling is more risky rather than trading,
But I don't really know cause I am not a trader and whenever I gamble I would only play in some dice site.

gambling is a very risky game. when compared with the trading of course gambling is very high and vulnerable. I've lost a lot of money, but I've also got a lot of money from gambling games. we have to really be able to manage time appropriately.

In my opinion time management is much required for trading, but for gambling money management is a must. Only with money management one can know his own limits and participate accordingly to get profited based on the strategy made.

Time management will never solution in trading you can set auto sell there while you are playing in gambling. The only diffenrece in gambling is you can earn there the profit you get from trading. Whether you know already your limition the profit triggered us more to play in to long run. Consistent profit will always make us more wanting to play gambling and making bets more higher.

Vaskiy

legendary

Activity: 2646

Merit: 1106

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: iqlimasyadiqa on March 27, 2017, 08:56:36 AM

Quote from: xvids on March 27, 2017, 06:30:24 AM

For me skill based gambling is more risky rather than trading,
But I don't really know cause I am not a trader and whenever I gamble I would only play in some dice site.

gambling is a very risky game. when compared with the trading of course gambling is very high and vulnerable. I've lost a lot of money, but I've also got a lot of money from gambling games. we have to really be able to manage time appropriately.

In my opinion time management is much required for trading, but for gambling money management is a must. Only with money management one can know his own limits and participate accordingly to get profited based on the strategy made.

Topic: Which one is more risky? Skill-based gambling or trading? - page 15. (Read 9532 times)