Is trading Gambling or not .."What say You" Vote here.

Is Trading Gambling or not

  • Gambling

    Votes: 460 35.0%

  • Not Gambling

    Votes: 854 65.0%
  • Total voters
    1,314
  • This poll will close: .
What do you do when you bet on a horse race?

You invest in a stock after considerable study and hope it's price will rise. If your horse/stock wins then you collect your winnings, if it loses, then you've done your dough... IBM or Secretariat, no difference
 
I do not want to get into this much..ok? I was a professional Gambler full-time for several years, with what was known as the travgallop in Sweden pre 1995 . I was connected to the track via postnet....I handicapped what was called the V5..

I had two computer programs that did the technicals and printed the (parlay) tickets...I viewed the horses by video...sometimes the evening bets were 3k up to more thousands than I care to remember. It took sometimes 1/2 hr to scan my tickets...(I even had a Stevie Cohen red phone and a network of fellow gamblers would call for my numbers)

It is nothing like trading and I challenge you to compare "living horses" to trading...

I will also tell you something else...I had videos of Jockeys side by side from different races intentionally performing. I will not say more.

Michael B.


Quote from Trader28Lite:

What do you do when you bet on a horse race?

You invest in a stock after considerable study and hope it's price will rise. If your horse/stock wins then you collect your winnings, if it loses, you lose your money... IBM or Secretariat, no difference
More...
 
Quote from ElectricSavant:

I do not want to get into this much..ok? I was a professional Gambler full-time for several years, with what was known as the travgallop in Sweden pre 1995 . I was connected to the track via postnet....I handicapped what was called the V5..

I had two computer programs that did the technicals and printed the (parlay) tickets...I viewed the horses by video...sometimes the evening bets were 3k up to more thousands than I care to remember. It took sometimes 1/2 hr to scan my tickets...(I even had a Stevie Cohen red phone and a network of fellow gamblers would call for my numbers)

It is nothing like trading and I challenge you to compare "living horses" to trading...

I will also tell you something else...I had videos of Jockeys side by side from different races intentionally performing. I will not say more.

Michael B.
More...

I developed a computer trifecta program that required over 500 different combinations of horses to be read out over the phone each frickin race, got 30k up before I got sick of spending all my time on the phone... trust me... an edge is an edge is an edge... identical to trading in nature... and both are always gambling... unless of course you can produce a system that is 100% correct 100% of the time savvy?
 
Dumb poll. Why argue semantics all day long? Worthless.

Is going to your office job gambling? If you dont perform, youre fired, you risk losing a paycheck.

Personally, I define gambling as risking anything without having a positive expectancy.

So trading is not gambling. Going to work at the office is not gambling.

Playing roulette at the casino, *is* gambling.

Using my definition, gambling = stupid thing idiots do
 
It Depends on how you define gambling.

There are Professional Gamblers who earn money. They play with a Positive Expectation and manage their risk.

The IRS allows these people to file as Professional Gamblers.

Professional Gambling and Professional Trading both center around "Expected Value" and "Variance".
 
28,

We have more in common than i care to think about :)


Quote from Trader28Lite:

I developed a computer trifecta program that required over 500 different combinations of horses to be read out over the phone each frickin race, got 30k up before I got sick of spending all my time on the phone... trust me... an edge is an edge is an edge... identical to trading in nature... and both are always gambling... unless of course you can produce a system that is 100% correct 100% of the time savvy?
More...
 
7's,

did you vote sir?

Thank you in advance...

I define gambling as a consequence or a benefit expected in taking a foolish and/or impulsive chance.

I define "not gambling" as having the edge as a Casino has. The act of gambling or gambling in progress can be "not trading".


Quote from 777:

It Depends on how you define gambling.

There are Professional Gamblers who earn money. They play with a Positive Expectation and manage their risk.

The IRS allows these people to file as Professional Gamblers.

Professional Gambling and Professional Trading both center around "Expected Value" and "Variance".
More...
 
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