Topic: Which one is more risky? Skill-based gambling or trading? - page 5. (Read 9562 times)

Thanks for explaining the difference of both things. It's the reason why I'm mostly staying to take the risk in trading, managing on what you are about to do with your fund is very important and if you think that you can take the risk while having the trades, it's better. I still gamble with skill-based gambling like sports bet and poker but I find a very tiny luck in there.

Yes, they're both skill based, but in terms of trading will require a trader in a good skills ,analyzation and patient to wait to gain profits. There is no doubt in the sense of these two same they have some same applied skills but more risky is still gambling because it's such matter how lucky you're in a game.

The difference between this two, (trading and skill-based gambling) is the risk management.  in skill based gambling, the last thing that will decide the game is not our decision but rather the cards that is in the deck, while in trading, we can do research, cut losses, or even take advantage of the fluctuation to get profit even though our stuff is fluctuating while it is declining.  Risk in trade can be managed while in gambling, we cannot unless we stopped it.

The same goes with gambling both are very risky and I don't really think that it's necessary to compare which has the edge to be riskier. In trading, with a short amount of time everything can be a nice celebration because of great profit but also in a split seconds things can be worst.

Thats fine that everyone defines it as skill, even though its not.  If you were picking heads up with no line, yeah you can probably do pretty damn great.  But when you get odds involved you are literally betting against people who do this for a living.  Therefore unless you know something they don't, your odds are probably worse then 50-50, so you don't have an advantage.

Almost everyone here is defining sports betting as something that needs skill in able to win. Skill in a way that you know how to analyze and understand what will be the odds for you and on how your bet team will win the game. More of analysis and studying the backgrounds of each team / players that are involved for that bet. When it comes to risk both has an end but trading lost can be recovered easily unlike sports bet looses or it always depend to the gambler and trader on where they are really good at.

You define Sportsbook as skill gambling, you are more than likely betting on sports, and unless you have insider information you do not have a house edge, so your expected value is negative.  In trading you can at least analyze the facts, how cool the product/company is and make decisions based on fact so its a lot less risky.

both are risky here in bitcoin but i think the more risky is gambling because trading is easy to get and if you know already the coins a chance for profit will become big.In gambling even you know a lot about their site you only bet then win base on your luck it still going repeat and repeat only,i think base only on luck

If you are doing trading nowadays you have to bear in mind that you are competing against Hedge Funds which use high frequency trading algorithms run by computers.

There is a similarity between poker and trading: it is said that only 5% of people who play poker or trade make money in the long term.

I don’t know much about trading as I prefer investing long-term, but I find playing poker less risky as long as you play a level where you know you are a winner.

It is more profitable in the sense that you can grow a bankroll of thousands or more starting from just $50 or less.

Trading seems to be risky when the user makes himself much greedy expecting larger profit in a less time, also one needs to know to pick the right coin for trading or need luck to pick the growing asset. With gambling skill based gambling gives the opportunity to get a winning to some extent and finally the result is completely upon the luck of the concerned user. So whether it's gambling or trading, profiting is entirely upon the luck one holds.

Risk is in both skill based gambling and trading. In gambling you have full chance of loosing your whole invested money there is no guaranty on it. But in trading it is not as you can quit anytime and you can book your profit and continue less chances of loosing your investment if you give your whole time for trading.

There are really times on which even those pros been beaten up by newbies by some luck but not permanent because for those gamblers who do have experienced and more skills would really take up the lead always.This is why these things or capabilities do really matter specially on skills based games you would really have always the edge among other people.Just like on trading as long you do know on how to make orders in exact times then it would be sure profits.

if the game is player against players well we will see most of the time pro will defeat a newbies as they have a lots of experience and strategy
but sometimes or there would be a time that luck will come and newbies will also defeat them, skills is important in such gambling as it will
bring you a good advantage just like trading if you know how to play it correctly then you will also earn a lot.

Coming from a poker player of 15+ years, as well as trader, I can tell you that with the right amount of information/research that trading def has the upper hand.
A 330$ touney with 600 players will only have 300 dropped into the prize pool (30$ rake for the casino) and 3-6% of total PP set aside for tourney fees. So you have a total PP of 175k. That of which 1st will pull 20-22% 38k 2nd takes 17-18% 30k and quickly declines. If you do not make the money, you have just tossed 330$ away. If you do not make the top 40, you are roughly breaking even or +10-20%, assuming if you make the money. At any time you can take a bad beat, have someone with more chips bully you, or bluff at a hand and get caught (happens to the best of us). Plus you dont need to pay for travel and lodging/food while trading.As for other type of gambling, craps are a shot, blackjack is ok if you can count cards with a team, and the classic roulette is 3-6% house advantage. And sports betting, you get odds and even playing with those odds, you are still putting up 200 to win 160-170 in most cases. Then there is the off chance that the team you bet on does actually use. Or you can bet on over or under, that is based solely upon scoring +or- points. In most games that is a crap shoot because Vegas odds are set BY THE BACKERS #'s. Giving you the least advantage that is possible. And although someone can be great at their craft, crazy stuff happens every day.

Now to buy a stock/CC you need back info, plausible intention of investment, fact of non fraudulent funds and buying before the item is already up 50%. Yes, Brokers do get to peck at you over time (if you are a trader and not a holder) for the estimated .2% and you're sending cash back to the bank will cost you 1.5-4%. But, we are working with very volatile crypto markets that have swings of up to 200%+ in a single day. That will undoubtedly drop 100% the next day, but someone who is ok with making their 70% then getting out, is sure to "Win the Tourney" when it comes to investing.
Hope some people actually got some different perspective from this.

On that note, if anyone (growing/established businesses as well) wants to "gamble" and become a poker backer feel free to PM me.
If i get ripped on for this last comment, pls let me know and i can delete it.
Thx for the time.

Poker is the only game that i believe will have big effect when you are skillful .
You can see a professional poker player beat newbies a lot pf times repeatedly , you think it was because of luck?
No it is clearly because of skill , they know the time to go allin or stop , bluff etc.

I would prefer skill based gambling as a more risky thing. I might indirectly say that gambling is a risky game because everything is betting on luck. while trading can still be done with the analysis so the possibility to get a victory will be much greater. in fact I feel easier when trading than when I do gambling. but believe me you have to choose something according to your skill, because then you can do it according to the condition and state of your heart.

I think they are both risky but since you can set limits or a range for your trade to be effected it makes it better than gambling because you will not entirely loose out when it doesn't go your way but with gambling you can either win all or loose all at any point i n time and that makes it riskier than trading.

As long as you can't say with confidence that you can win a game with your skills then luck is involved in it. Becuase you don't know whether your opponent got better skills than you or not so your taking a risk to play the game. Similarly, if you trade without skills then it will also become a guessing game. But if you got trading skills than it is better than gambling and you can make some money from it.

Poker is skill based. To a point. There is an element if luck in everything we do in life but poker gives you ways to swing things to your favour and of course the other players can drop this too so you need to worry about them and be better then they are at it or you might only win bery little. Then they big boys are always playing and know what they doing so yes it is skill but it is not very easy.

So you think that gambling is not a good option as if compared to trading. Skill based gambling never exists because gambling is all about trying your luck to win heavy amount of profits with little efforts. On the other hand trading could prove to be a source of income only for those that have an experience in this field.

So my view about it is that trading must be chosen against the other option because it is more professional and there is no risk of addiction at all.