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Trading is Gambling. You know it! Be honest
- Thread starter ElectricSavant
- Start date
Quote from CasinoKid:
How can gamblers exploit their own edges if the outcome is random or against the odds.
For a start only a few forms of gambling like the roulette wheel are fixed and pure random chance...
Do I really have to go through all the ways it is possible??? from punters that know horse flesh better than others to card players that calculate probabilities
This is kind of a silly thread but what the heck I will jump in to the fray.
Is the point of this to categorize trading into gambling? Lets go to the definitions.
GAMBLING
ââ¬âverb (used without object) 1. to play at any game of chance for money or other stakes.
2. to stake or risk money, or anything of value, on the outcome of something involving chance: to gamble on a toss of the dice.
ââ¬âverb (used with object) 3. to lose or squander by betting (usually fol. by away): He gambled all his hard-earned money away in one night.
4. to wager or risk (money or something else of value): to gamble one's freedom.
5. to take a chance on; venture; risk: I'm gambling that our new store will be a success.
ââ¬ânoun 6. any matter or thing involving risk or hazardous uncertainty.
7. a venture in a game of chance for stakes, esp. for high stakes.
[Origin: 1150ââ¬â1200; ME gamenen to play (OE gamenian), with substitution of -le for -en; see game1]
ââ¬âSynonyms 6. venture, hazard, speculation, flyer.
Dictionary.com Unabridged (v 1.0.1)
Based on the Random House Unabridged Dictionary, é Random House, Inc. 2006.
http://dictionary.reference.com/browse/gambling
Is the point of this to categorize trading into gambling? Lets go to the definitions.
GAMBLING
ââ¬âverb (used without object) 1. to play at any game of chance for money or other stakes.
2. to stake or risk money, or anything of value, on the outcome of something involving chance: to gamble on a toss of the dice.
ââ¬âverb (used with object) 3. to lose or squander by betting (usually fol. by away): He gambled all his hard-earned money away in one night.
4. to wager or risk (money or something else of value): to gamble one's freedom.
5. to take a chance on; venture; risk: I'm gambling that our new store will be a success.
ââ¬ânoun 6. any matter or thing involving risk or hazardous uncertainty.
7. a venture in a game of chance for stakes, esp. for high stakes.
[Origin: 1150ââ¬â1200; ME gamenen to play (OE gamenian), with substitution of -le for -en; see game1]
ââ¬âSynonyms 6. venture, hazard, speculation, flyer.
Dictionary.com Unabridged (v 1.0.1)
Based on the Random House Unabridged Dictionary, é Random House, Inc. 2006.
http://dictionary.reference.com/browse/gambling
Quote from Trader28Lite:
For a start only a few forms of gambling like the roulette wheel are fixed and pure random chance...
Do I really have to go through all the ways it is possible??? from punters that know horse flesh better than others to card players that calculate probabilities
You havent read my previuos post:
Professional gamblers in what type of game????.
For example poker for me is not considered as gambling because there are players who are consistent at winning. There is skill involved. That is the reason why we have Poker celebrities such as Jhonny Chen, Money Maker, Scotty Nguyen for example.
Whereas games such as Black Jack, Baccarat and Roulette I have never heard of anyone who where able to beat the odds consistenly without cheating.
You might tell me that card counters is the exception to the rule but this technique only increases your odds by a bit since nowadays casino alter their games in such a way that their odds are doom to be winners.
TRADING definition
http://dictionary.reference.com/browse/trading
Given the definition of Gambling, I would say trading is gambling. Just as owning a business is "any matter or thing involving risk or hazardous uncertainty" so by definition trading is Gambling and so is opening a hardware store.
http://dictionary.reference.com/browse/trading
Given the definition of Gambling, I would say trading is gambling. Just as owning a business is "any matter or thing involving risk or hazardous uncertainty" so by definition trading is Gambling and so is opening a hardware store.
Quote from Trader28Lite:
There you have it... the doe eyed traders with dreams of pink fluffy bunnys in their heads has just been shattered... according to the tape trading is gambling
Yea so every human beings are gamblers cuz according to the definition having unprotected sex is gambling unless you are a virgin.