You will lose more in the stock market than in a casino

[Scataphagos]

Miniscule? You can make money a lot faster if you spot an edge in a gambling game compared to trading. In trading lets say you can make 5% a trade which could take a short time but mostly will take several days or even months. If you can exploit a 5% edge in a casino game, you can make that on every bet or few minutes! The edge is also not miniscule either, i know one roulette pro who said it could be anywhere up to 100% edge to the player depending on method used. The hard part is avoiding detection, because likely you are gonna get banned very quickly.

You can read about the medical professor who beat roulette here:
https://thehustle.co/professor-who-beat-roulette/

Heard of any such stories in the last 50 years?

What games have a "possible" 50% edge to the player... roulette too?

100% edge to the player? Win every time? Don't you think the house would notice that?

 

[HolyGrailSeeker]

Heard of any such stories in the last 50 years?

What games have a "possible" 50% edge to the player... roulette too?

100% edge to the player? Win every time? Don't you think the house would notice that?

They use hidden computers to calculate the rotation of the ball before placing the bets, those can potentially give you 100% edge. 100% edge doesn't mean winning every time, it just means the expected return on your bet is double. House will notice big winners so you can't be too obvious and by most laws such computers are illegal and you could potentially face jail time if caught.

A pretty recent case in 2004 where a team got too greedy and won 1.3 million pounds in 2 days and got caught:

https://www.theguardian.com/science/2004/mar/23/sciencenews.crime

Of course there are still people doing stuff like this even now, but you don't hear of it. They keep a low profile.

 

[Burnibou]

You can lose more in the stock market than you would lose more in a casino.
Why ? A casino doesnt give 4-1 margin. Serioulsly, ive seen more guys lose their life savings playing the stock market opposed to gambling. Although there are exceptions like this website where me and my friends play and win large sums of money all the time! The stock market can convince you its not gambling but it is. Particularly day trading.
They always say 95% of daytraders fail. I think its higher but lets assume 95% is true. What other occupation offers odds such as that? Engineering, chemist, sales, IT, consuging, mechanics, contractors, software engineers, banker?? None !!!! How many times does a daytrader say “ i should of stuck to my discipline, i need to refine my strategy”? They are always thinking they are so close to being successful, its right around the corner but it never is. The thought that daytrading is some kind of legitimate occupation is what keeps people constantly getting loans in order to stay in the market. Bad move, the money will go quick!
The only other occupation that comes close to the failure rate of day trading is maybe a hollywood actor or becoming a famous rock star.

You're right, but if you approach something like this responsibly, you'll be fine.

 

[Conjumeena]

Nah... Trading shouldn't be confused with gambling whatsoever, these are two different spheres, even though at first glance it may seem they have similarities.
Casino is all about luring out money, while trading is more about calculations, analysis and other stuff.
It's impossible to win in this casino, or chances are extra small.
As for stock trading then if you know how to analyse the market, how to assess the company's performance, then you can easily become succeed.

 

[themickey]

Nah... Trading shouldn't be confused with gambling whatsoever,

Right - so you know which direction tomorrow the markets and individual stocks you are trading are heading? Very interesting.
Even the next minute, do you know direction?

 

[Jzwu2017]

I never gamble in a casino knowing it’s a losing game but I lost plenty of money in the stock market knowing I may succeed some day.