Which one is more risky? Skill-based gambling or trading? - page 18.

rickadone

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Quote from: justdimin on March 22, 2017, 05:00:42 AM

There are very few possibility of skill based gambling like I am aware, only sports betting a skill-based a gambling and it is relatively profitable compared to trading.

Altcoin trading is pure gambling whereas skill-based a gambling is are completely consistent for profit making. I will never recommend altcoin trading to anyone as it is more risky at the same time even I am making profits with the skill-based the gambling I'm not recommending it to anyone due to the reason of they might get into vulnerable to addictions.

You are right, people will not stick only with skill based a gambling once they start earning profits from gambling, they will get greedy and will try some other gambling like luck-based one also. But it is their own responsibility and there will be no wrong if you are suggesting people to go for skill based a gambling only after learning required skills.

serjent05

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Quote from: fachant on March 22, 2017, 05:17:18 AM

Quote from: bitcircle on March 22, 2017, 04:16:22 AM

Quote from: ice18 on March 21, 2017, 05:15:32 AM

Skill based gambling looks more risky than any others, even you are skilled enough in gambling the risk is too high I will prefer trading skills as it has high chance of making profit rather than gambling, You're winnings on gambling sometimes depends on your luck even you're too skilled.

This is true when we have good knowledge about any particular game than we will place more high amount on risk as we will be more confident about this game. Both format of gambling are risky so we can say this gambling is any format is much risky.

First of all we can not say like that about everyone!
If someone is very good trader for him less risky will be trading. If someone is good poker player for sure he will win much more playing poker than when hw will trade.

For professionals in their field, it will ba always profitable.
For traders, also imprtant is what they trade! If that's are altcoins, it is very high risk market, so in my opinion profesional poker playing is less risky than trading altcoins.

I agree with the inputs you made in your comment. Each professionals will declare that their field of expertise have less risk than the other one. So I guess the answer to the question depends on the person's interest and knowledge. We cannot argue to a gambling professional that gambling is riskier than trading when the person does not know how to trade or vice versa.

stomachgrowls

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Quote from: Kolder on March 23, 2017, 09:12:34 AM

Quote from: Kotone on March 23, 2017, 09:03:36 AM

Both are risk when you are skilled played there are chancethat you will lose the game too even in trading you could take the chance for those altcoins that has a good potential of rising minimize your lose when the coins are stocked up on the price, But in gambling it could be luck if you had luck then you will win but not everyday.

true, both were risky . For both needs to considered the time and the value of btc. Both in terms of playing in gambling like when it would be a lucky day or not, thus it is time to continue playing or not . Or it is the time to do trading , will it make you earn more or less. Deciding is crucial in both and your btc is always at risk in doing both.

True,no matter which way you would go your BTC would be always at risk on losing it and would really depend on how you gonna control or manage it but comparing among the two things i would go for trading it might not be simple but its really worth it to learn specially on long term purposes.

Kolder

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Quote from: Kotone on March 23, 2017, 09:03:36 AM

Both are risk when you are skilled played there are chancethat you will lose the game too even in trading you could take the chance for those altcoins that has a good potential of rising minimize your lose when the coins are stocked up on the price, But in gambling it could be luck if you had luck then you will win but not everyday.

true, both were risky . For both needs to considered the time and the value of btc. Both in terms of playing in gambling like when it would be a lucky day or not, thus it is time to continue playing or not . Or it is the time to do trading , will it make you earn more or less. Deciding is crucial in both and your btc is always at risk in doing both.

Kotone

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Both are risk when you are skilled played there are chancethat you will lose the game too even in trading you could take the chance for those altcoins that has a good potential of rising minimize your lose when the coins are stocked up on the price, But in gambling it could be luck if you had luck then you will win but not everyday.

Malsetid

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Quote from: FlightyPouch on March 23, 2017, 05:41:03 AM

Quote from: marketone on March 22, 2017, 09:16:59 AM

For me, Skill-based gambling is risky when compared to trading because through gambling we can lose all the money in one single betting, but whereas through trading even though we lost at least we can make some amount from it. When compared to risk, both of them are risky, but gambling has a higher prediction of risk.

I think I will be more careful on trading here than skill based gambling. One thing about gambling it requires luck, yes? But it is also the same as trading and it require also skill. Without a skill you will be an idiot giving money to scammers, if you are picking up what I am saying. On Skill based gambling, all you need to track is your skill and luck, in trading, a lot of things to consider before doing it.

I kind of agree with you here dude. Gambling in general is a ehole lot more risky than trading though when it comes to skill based gambling, for example, sportsbetting or poke, it a different story. Even though the risks are there, i think when you play poker with a lot of experience or if you bet on sports that you've been a fan of for a long time, your chances or makig the right decision and predictions are considerably boosted. Trading is the same as the longer you've been trading he more chance you have of having a successful trade but comparing the things to consider, skill based gambling is a lot easier

FlightyPouch

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Quote from: marketone on March 22, 2017, 09:16:59 AM

For me, Skill-based gambling is risky when compared to trading because through gambling we can lose all the money in one single betting, but whereas through trading even though we lost at least we can make some amount from it. When compared to risk, both of them are risky, but gambling has a higher prediction of risk.

I think I will be more careful on trading here than skill based gambling. One thing about gambling it requires luck, yes? But it is also the same as trading and it require also skill. Without a skill you will be an idiot giving money to scammers, if you are picking up what I am saying. On Skill based gambling, all you need to track is your skill and luck, in trading, a lot of things to consider before doing it.

novemberwoah

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Quote from: anonimogmr on March 22, 2017, 03:27:35 PM

From my personal experience I believe that skill-based gambling can be profitable if you know what you are doing, betting on sports matches not playing casino. I can't tell if it's more risky than trading because I never trade I'm just starting to do it, but as I said before betting on sports is not risky imo I've been doing pretty well with some strategies I have.

Yes if you like sports will be very easy to do sports betting, I'm also pretty well at sports betting. That are used in sports betting only analysis skill I think. But it is still more risky than skill-based trading. Because in sport a strong team is not necessarily win and the match can ends in a draw. So it's still a risk. While on trade if it has a good skill it can profit, though is not fixed but it is more promising. Maybe because you have not been steeped in trade, so do you think skill-based gambling is better, it's natural.

poplolnman

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Quote from: Ziskinberg on March 21, 2017, 03:33:21 AM

Quote from: poplolnman on March 21, 2017, 02:51:47 AM

Quote from: sulendra12 on March 21, 2017, 02:08:08 AM

Quote from: zidanw on March 21, 2017, 12:16:53 AM

when there of manipulation in trading you still have funds but in gambling when there was manipulation your funds will be lost and nothing left so I think skill-based gambling more risky

Even it's called with "Skill" based games that isn't 100% relay with skill, about 50% is reserved for luck (Good Card and Turn or something like that). In gambling, if you were lose you'd lose all of your money but trading is not. However, we can't tell these are same because they are pretty different in terms of mechanism and market.

yeah it's actually depend on how good you are on , when you have no idea to trade properly then it's just same as when you gamble on pure luck games. and that's true even a skill based games in gambling there's still required luck , as gambling always about something uncertain , a skills or a strategy just a way to make it more possible to win , to make bigger chance to win not to make it guaranteed to win.

Me, when I lose in gambling I do not directly think that I am unlucky, I always consider reviewing my strategies and find our what is wrong. Actually, luck is requires but it is only a small factor or to be realistic it should not be considered at all as we do not have the hold on it, what we can rely to be with us in the long run is only our skills and we have to continue developing what we have.

lol yeah luck are something not visible , can't even prove its existence but people keep believe on it , that luck takes big role on determine whether you would lost or win, soundslike makes non sense at all right? scientist would never believe on something like that . there's no harm actually, but at least better do something like figure out about strategy and improve skills rather than rely on luck only.

Ziskinberg

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Quote from: HanSchultz on March 22, 2017, 04:00:09 PM

Quote from: Rinder on March 22, 2017, 08:59:12 AM

Even trading being manipulated the risk is to loose a big part of your investment, while with gambling is win or loose, and lucky will be the way to proof or no. Trading is the easy way to try to get exta money from tinny changes, sure its require a lot time and dedication or a good bot software to close orders at gree or stop loosing money as well.

Both have positives and negatives ,if you are able to manage your assets and can diversify your portfolio with good volume coins then it is certain that you will end up in a profit but in the case of gambling it has its risks but then there are safer bets out there with low wages but i would prefer trading for long term profits and gambling for short term bursts.

Let's focus on something that has a good success rate and with that I would choose trading. I'm done with my experiment in skilled based gambling as I am easily influence by my emotion, I have been losing for many years and it is not fun at all, now I still gamble but only for fun only.
I like trading because I am currently on profit and I feel like the longer I do it I will be able to fully grow as a trader.

HanSchultz

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Quote from: Rinder on March 22, 2017, 08:59:12 AM

Even trading being manipulated the risk is to loose a big part of your investment, while with gambling is win or loose, and lucky will be the way to proof or no. Trading is the easy way to try to get exta money from tinny changes, sure its require a lot time and dedication or a good bot software to close orders at gree or stop loosing money as well.

Both have positives and negatives ,if you are able to manage your assets and can diversify your portfolio with good volume coins then it is certain that you will end up in a profit but in the case of gambling it has its risks but then there are safer bets out there with low wages but i would prefer trading for long term profits and gambling for short term bursts.

cjmoles

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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.

Yes, I think you're correct if you are only including "sports betting" in "skill based games." They are both subject to being manipulated by sharp money and whales. However, there are skill based games which are immune to sharp money, such as poker and PvP gaming. So, it depends on which games we are including in our definition of "skill based games."

anonimogmr

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From my personal experience I believe that skill-based gambling can be profitable if you know what you are doing, betting on sports matches not playing casino. I can't tell if it's more risky than trading because I never trade I'm just starting to do it, but as I said before betting on sports is not risky imo I've been doing pretty well with some strategies I have.

Monnt

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Quote from: Pettuh4 on March 20, 2017, 03:45:47 PM

I put them both on the same scale because trading just like skilled gambling requires a lot of or some basic training in order to effect a trade and since they are all probables and somewhat depends on your luck after the skill I think they are the same in terms of risk.

Gamblers and traders both of them believe that they can predict the future, and they seem sometimes to fall into making decisions based on educated guess and with their hearts rather than using their brains, and of course both of them hate losing, but gambling is more fun but it is definitely a more risky use of money than putting it in the stock market, investors and traders have a chance to make more money on the long term because there are fewer downside risks than gambling.

sayaya17

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Quote from: Labumi on March 22, 2017, 10:09:03 AM

Quote from: bitcircle on March 22, 2017, 04:16:22 AM

Quote from: ice18 on March 21, 2017, 05:15:32 AM

Skill based gambling looks more risky than any others, even you are skilled enough in gambling the risk is too high I will prefer trading skills as it has high chance of making profit rather than gambling, You're winnings on gambling sometimes depends on your luck even you're too skilled.

This is true when we have good knowledge about any particular game than we will place more high amount on risk as we will be more confident about this game. Both format of gambling are risky so we can say this gambling is any format is much risky.

Indeed there is always risk in every thing we do, because we live is claimed to be able to solve a problem, not to add to a problem. Profits in gambling can only be obtained from experience, and all the things you are talking about is largely wrong. For there is no useful knowledge when they try or have never experienced it (experience). so the main thing to do is experience, either from games that use skill or luck.

I think both alike have high risk to lose whether it is in gambling or trade. We need experience of them to profit, sometimes though if we are not done in forecasting could possibly have we would be harmed. In this experience is not enough,they must be in unity, between experience, a good prediction and a factor of luck. Maybe you are here can add comment thank you

Labumi

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Quote from: bitcircle on March 22, 2017, 04:16:22 AM

Quote from: ice18 on March 21, 2017, 05:15:32 AM

Skill based gambling looks more risky than any others, even you are skilled enough in gambling the risk is too high I will prefer trading skills as it has high chance of making profit rather than gambling, You're winnings on gambling sometimes depends on your luck even you're too skilled.

This is true when we have good knowledge about any particular game than we will place more high amount on risk as we will be more confident about this game. Both format of gambling are risky so we can say this gambling is any format is much risky.

Indeed there is always risk in every thing we do, because we live is claimed to be able to solve a problem, not to add to a problem. Profits in gambling can only be obtained from experience, and all the things you are talking about is largely wrong. For there is no useful knowledge when they try or have never experienced it (experience). so the main thing to do is experience, either from games that use skill or luck.

marketone

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For me, Skill-based gambling is risky when compared to trading because through gambling we can lose all the money in one single betting, but whereas through trading even though we lost at least we can make some amount from it. When compared to risk, both of them are risky, but gambling has a higher prediction of risk.

Jasad

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Quote from: bitcircle on March 22, 2017, 04:16:22 AM

Quote from: ice18 on March 21, 2017, 05:15:32 AM

Skill based gambling looks more risky than any others, even you are skilled enough in gambling the risk is too high I will prefer trading skills as it has high chance of making profit rather than gambling, You're winnings on gambling sometimes depends on your luck even you're too skilled.

This is true when we have good knowledge about any particular game than we will place more high amount on risk as we will be more confident about this game. Both format of gambling are risky so we can say this gambling is any format is much risky.

yeah of course gambling is just gambling when you compare it to trading it looks bad ,
but i personally don't think so ,
everything has risk , no matter it is trading or any kind games of gambling ,
want bigger winning? go for bigger risk to gamble and so on.

FrueGreads

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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.

I think both of them have the same risk. Markets can be manipulated as well so it's probably the same.
Don't know in which of them, manipulation could be more usual, but it's probably rare on both. The most money invested on a market or the bigger the game is (like top European leagues etc), I suppose it's harder to manipulate, and investing or betting should be safe.

Rinder

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Even trading being manipulated the risk is to loose a big part of your investment, while with gambling is win or loose, and lucky will be the way to proof or no. Trading is the easy way to try to get exta money from tinny changes, sure its require a lot time and dedication or a good bot software to close orders at gree or stop loosing money as well.

Topic: Which one is more risky? Skill-based gambling or trading? - page 18. (Read 9532 times)