Investors and gamblers share unexpected similarities in their approaches to risk, strategy, and emotional discipline, which can offer mutual lessons. 1. Strategic Thinking Successful gamblers use systems like the Kelly Criterion...
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Setting Odds: Strategies on How Bookmakers Make Money
Can you make more consistent sports bets? It is possible, but it may seem unclear how to achieve that goal. In the long term, most bettors lose money. One reason is they do not realize how bookmakers make money. You can take...
Is it Possible to Make Money Through Online Gambling?
Gambling is a popular pastime for many, with the thrill of winning and losing money making it incredibly exciting. Whether it’s sports betting or playing at an online casino, there are lots of different ways to play, and the...
The Main Differences Between Spread Betting and Gambling
When you first look at spread betting, you can make comparisons to gambling. However, there are considerable differences that make spread betting a preferable option to many. Gambling is one of the world’s most lucrative...
What’s The Difference Between Stock Trading And Gambling?
Online Gambling and Stock Trading may seem to have a lot in common: both involve risk, thrills, strategy – and a little bit of luck. Both gamblers and stock traders also gave tendencies to follow their emotions, rather than...
The Structure of Business
In this article we compare trading to a business and analyze the differences between trading and gambling. Are traders gamblers? Are traders businessmen? Or is everyday life including business a calculated risk. Or a...
Gambler or Trader
Is trading gambling? – the distinction is very subjective with several shades of grey, and in my opinion, is more a stasis of connotation rather than any difference in the underlying activity. Pick one: Nothing ventured...
Gambling – Online vs Offline (so called Traditional or Inland Gambling)
Have you ever played the lottery? I’ll bet that you have. You probably figured that spending one dollar with the chance of making a million or more was very tempting. All you had to risk was just one dollar. The only...
Don’t Set Goals but Play Unit to Unit!
It was late summer 1994. My wife Elizabeth and I were traveling with Daniel Roberts and his wife Marilyn to Squaw Valley Resort at Lake Tahoe. First, we were taking a few days off to relax at the Mirage in Las Vegas. Back in...
Gambling versus Trading – Blackjack
Reluctantly, I will admit to having played blackjack professionally in my youth. This means that I played tens of thousands of hands against real dealers in real casinos using real money. Unlike the stock market, blackjack is a...