Is it trading or gambling?

I have a little problem with that whowah:


1 a : to play a game for money or property

I don't look at trading as a game.

b : to bet on an uncertain outcome

Actually, gambling has a certain outcome. It's been mathematically proven the house will win.


2 : to stake something on a contingency : take a chance

I think it would be sad to go thru life and never take a chance
 
Quote from Breakout:

I have a little problem with that whowah:


1 a : to play a game for money or property

I don't look at trading as a game.

b : to bet on an uncertain outcome

Actually, gambling has a certain outcome. It's been mathematically proven the house will win.


2 : to stake something on a contingency : take a chance

I think it would be sad to go thru life and never take a chance
More...

I think marriage and gambling have a lot in common:)
 
A very fine line separates trading and gambling. A trader could be a gambler, but he/she could decides to be on the house's side by managing the odds or risk. The ultimate end is to make money, for you to decide which side you want to be.
Cathy, ask your husband if he thinks the casinos' owners make $$ or not, and are they gambling too? :p


Cheers!! :)
 
Quote from bobcathy1:

IMHO I think I am a trader.
My husband refers to it as placing bets.
What do you think of yourselves?:confused:
More...

Gamblers who make money consistently call themselves speculators and traders.
 
seems like there's risk in just about every endeavor. a person's view toward that risk (dice roll vs. educated guess) might just be the difference.
 
Do you consider a card counter a gambler or not? If you have an edge that consistently works then I wouldn't consider it gambling. Everything has risks.
 
Quote from fattyasids:

Do you consider a card counter a gambler or not? If you have an edge that consistently works then I wouldn't consider it gambling. Everything has risks.
More...

Yes that's my favorite comparison too. We are (if we're doing it right) card counters, not roulette or slot machine players. And we have an advantage over the card counters because the "house" can't keep us out.

***********************************************

"Don't underestimate the value of Doing Nothing, of just going along, listening to all the things you can't hear, and not
bothering."
- Pooh's Little Instruction Book, inspired by A.A. Milne
 
Quote from whowah:

found at
http://www.merriam-webster.com/cgi-bin/dictionary?book=Dictionary&va=gambling

One entry found for gamble.


Main Entry: 1gam·ble
Pronunciation: 'gam-b&l
Function: verb
Inflected Form(s): gam·bled; gam·bling /-b(&-)li[ng]/
Etymology: probably back-formation from gambler, probably alteration of obsolete gamner, from obsolete gamen (to play)
Date: circa 1775
intransitive senses
1 a : to play a game for money or property b : to bet on an uncertain outcome
2 : to stake something on a contingency : take a chance
----------------------------------------------------------------------------
There is no reference to the mathematical expectancy of the game, nor is there a reference to morality, just the fact that a game is involved and that the outcome is not certain. The outome is of couse uncertain in the market and if you consider this a game then , yes it is gambling.
More...


I hate semantics. However, whowah is correct. Acoording to the dictionary definition(both Webster and American Heritage) we are gamblers. I personally do not like the connotation associated with gambling, but whatever.
 
You must log in or register to reply here.
Back
Top