Is it trading or gambling?

I have a little problem with that whowah:


1 a : to play a game for money or property

I don't look at trading as a game.

b : to bet on an uncertain outcome

Actually, gambling has a certain outcome. It's been mathematically proven the house will win.


2 : to stake something on a contingency : take a chance

I think it would be sad to go thru life and never take a chance

 

I think marriage and gambling have a lot in common

 

A very fine line separates trading and gambling. A trader could be a gambler, but he/she could decides to be on the house's side by managing the odds or risk. The ultimate end is to make money, for you to decide which side you want to be.
Cathy, ask your husband if he thinks the casinos' owners make $$ or not, and are they gambling too?


Cheers!!

 

good one dojibear

 

Gamblers who make money consistently call themselves speculators and traders.

 

Let years of consistent P&L's answer that question!

The "L's" will expose the gamblers in a heartbeat!

dog

 

seems like there's risk in just about every endeavor. a person's view toward that risk (dice roll vs. educated guess) might just be the difference.

 

Do you consider a card counter a gambler or not? If you have an edge that consistently works then I wouldn't consider it gambling. Everything has risks.

 

Yes that's my favorite comparison too. We are (if we're doing it right) card counters, not roulette or slot machine players. And we have an advantage over the card counters because the "house" can't keep us out.

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"Don't underestimate the value of Doing Nothing, of just going along, listening to all the things you can't hear, and not
bothering."
- Pooh's Little Instruction Book, inspired by A.A. Milne

 

I hate semantics. However, whowah is correct. Acoording to the dictionary definition(both Webster and American Heritage) we are gamblers. I personally do not like the connotation associated with gambling, but whatever.