So you are basically saying that: IF you play poker properly IF you play it for a very long period of time IF you use a large bankroll you are guaranteed to win. Okay, but in order to decide playing poker is a good money maker, I would like to throw in some more ifs: IF you dont make a mistake, ever IF you dont consider the cost of your time IF you dont consider the opportunity cost of your money (that is, the investment alternatives) Now it sounds right. Under that circumstances I would personally take poker - and other casino games - from the entertainment category and put it next to the things I believe are somewhat profitable. And sps_45, since I dont know you personally, I would like to restrict myself to a generic advice: keep your eyes open, most of the problematic gamblers dont admit they are what they are until they hit rock bottom and get desperate for help.
I am sorry, but I think that Gambling and Trading is not the discovery of the Reeses Peanut Butter Cup. These two words Gambling and Trading spell disaster GamTradling is not where it is at, while I sit here in my boxer shorts and decide my financial fortune by pressing buttons... ElectricSavant
Gambling & trading has lots in common including money management, system, mental aspect, etc. Jean Scott is a teacher turned pro, writing books & gambling full time. I read one of her book to pick out the game video poker. Jean recently won a six figured jackpot in a group. The process is very interesting too: http://www.lasvegasadvisor.com/frugalfridays.cfm?FrugalFridayID=340 http://www.lasvegasadvisor.com/frugalfridays.cfm?FrugalFridayID=341 http://www.lasvegasadvisor.com/frugalfridays.cfm?FrugalFridayID=342 Here is her archives for other interesting articles: http://www.lasvegasadvisor.com/frugalfridays-archive.cfm Another pro is Bob Dancer. He used to be a programmer & made millions in gambling. I have his video poker training software to refresh probability of each hand. Here is his articles: http://www.bobdancer.com/articles.cfm Both are proven successful gamblers for a long time & know how to work the system.
All speculators are gamblers whether they like to admit it or not. Every trade has inherent risks (i.e. gambles)......
Good gambler - takes risks when the odds are in his favor. Bad gambler - takes risks when the odds are NOT in his favor.
Gambling became less attractive after I saw how much more money moves in the markets. It makes even the largest casinos look like chump change. Why bother spending hours upon hours trying to win $500 or $1000 or wutever at a casino... when those same amounts are mere hourly fluctuations in your trading account??
I agree: trading is more attractive than gambling. You can make more money in trading & make less wave. No exchange will ban you because you are making big profit & no one will try to rob you in person.