They make the rules.
Don’t be a dope.
Don’t be a dope.
IT’s Gambling.
- Thread starter Arnie Guitar
- Start date
Nope you get to chose when you buy & sell. You get to chose how much you bet and you can take your bet off any time you want or add to your bet if things look good. Wouldn't you like to have that edge at the tables?
Problem with Vegas is if they suspect you are counting cards you can't play. If they suspect you have an edge (you win fairly consistantly at any game) they will ban you or shut the game down.Guess you find more broken slot machines in Chicago than Las Vegas.
The house advantage is also smaller compared to Vegas.
Unless we're talking in a couple of tick profits.
Well ... it depends ... Vegas might be less expensive.
1 ES point is ~10%
2 ES points is ~5%
4 ES points is ~2.5%
8 ES points is ~1.25%
Now if they would allow you to sit with a computer and just bet when the counnt was in your favor. It would almost be like trading.
Imagine being able to add to your bet or take you bet off after you see the dealers hand.
A trader with an edge is not gambling. Unless you think the Casinos are gambling. Then I agree that trading is gambling, but someone has to win and I'll bet on the trader with an edge.
Stocks have equity risk premium and bonds have a coupon. Both expected to be higher than the risk free rate in the long term. If you're stretching, maybe commodity futures can be argued as gambling for speculators since in recent years the sheer number of speculators have overwhelmed the expected return from hedgers.
Having a great year,
my best, actually.
Now put some pants on and get out of your Parent's basement.
you do have something besides those camo sweatpants that you wear to Walmart at 2am, right?
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How much $$$ did you lose from trading and / or gambling ?
Not a zero sum game buddy.
So it's not a casino.
Sorry.
So it's not a casino.
Sorry.
You’re right. It’s a ponzi scheme.
Until someone is willing to buy / sell higher / lower from you then you’re doing fine.
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