Correct. Card counting in BlackJack is NOT gambling... rather, it's a skill.... and the counter is SUPPOSED TO WIN!
Is trading Gambling or not .."What say You" Vote here.
- Thread starter ElectricSavant
- Start date
Correct. Card counting in BlackJack is NOT gambling... rather, it's a skill.... and the counter is SUPPOSED TO WIN!
Hi ES, good to see you back. I am the artiste formerly known as Thunderdog. (I was banned last year and neither Joe nor any or the moderators knows why.)
Based on actual definition, trading is gambling. Of course, the same can be said about starting a new business, expanding an existing one or launching a new product. Some people are better prepared than others, thereby limiting the risks they incur, for the gambles they choose to undertake.
http://www.answers.com/topic/gamble
Based on actual definition, trading is gambling. Of course, the same can be said about starting a new business, expanding an existing one or launching a new product. Some people are better prepared than others, thereby limiting the risks they incur, for the gambles they choose to undertake.
http://www.answers.com/topic/gamble
Can a Card Counter ever lose? Can he have a "bad" day? Would this be attributed to his skill level?
Over the long run does it become "less gambling"...?
ES
Over the long run does it become "less gambling"...?
ES
Of course, "A" card counter may lose... and anyone can lose in one session... but when the deck is in the favor of the player... and it's played correctly over a large number of such hands... the player wins.
So in trading.... A trader can lose...but when he can apply a skill set he can win over the long run, regardless of a market he cannot control?
so if a trader has won money so far this year...he is "not gambling" ?
ES
so if a trader has won money so far this year...he is "not gambling" ?
ES
1. Yes
2. Can't say for sure. Maybe he just "rolled the dice a few times" and got away with it. Then again, perhaps he was skilled and deserved his wins.... without any consideration for luck.
If a trader loses more times and wins less times is he "Not Gambling"?
ES
ES
LOL...
...
Have you voted TD...?
ES
...Have you voted TD...?
ES
Depends. Are his winners significantly larger than his losses? A winning percentage is not necessary for "winning".
Take Roulette... odds of of a winning number are 38:1. Payout is 35:1. In the long run, player loses. But in the short run, player can win $$ even with a "losing percentage of spins".