gambling is a zero sum game. someone has to lose in order for someone to win.
investing in a companies stock is not a zero sum game.
as the company creates income it increases in value. unless you put all your money in one company the chances of you losing everything are slim, chances of losing or making a little are great.
investing in a companies stock is not a zero sum game.
as the company creates income it increases in value. unless you put all your money in one company the chances of you losing everything are slim, chances of losing or making a little are great.
Actually gambling is worse than a zero sum game because of the juice. The makers provide the service and earn their profits based on their volume and margins like any other business.
As bettors, we are in the business of betting. In order for a bettor to make a profit, he has to overcome the juice. That's why it's 52.38% to break even against -110, while it would only be 50% if wagering juice free.
Businesses create wealth or income as a result of their operations. Shareholders get part of that wealth in two ways, dividends (for those corps that pay them) and capital appreciation.
Without any specific knowledge or edge, the stock market player should make money. Without any specific knowledge or edge, the gamble will certainly lose money.
Quite possible to make money gambling, you just have to be more proficient in the games you choose to play as opposed to the stock market, where being "average" should earn you a modest profit.
As bettors, we are in the business of betting. In order for a bettor to make a profit, he has to overcome the juice. That's why it's 52.38% to break even against -110, while it would only be 50% if wagering juice free.
Businesses create wealth or income as a result of their operations. Shareholders get part of that wealth in two ways, dividends (for those corps that pay them) and capital appreciation.
Without any specific knowledge or edge, the stock market player should make money. Without any specific knowledge or edge, the gamble will certainly lose money.
Quite possible to make money gambling, you just have to be more proficient in the games you choose to play as opposed to the stock market, where being "average" should earn you a modest profit.
I actually have a stock that has done well for 4 years... >:X I'd tell but I need to hit it up before you all stack up on it. It's treated me well, bought it as a younger around $13... jumped to 40, later on to 60+, then I sold it. Went up to 80+ and I was just angry at myself... then I think it went OVER 100!!! Split a few times I believe.
I just started buying more of it a few months ago and once I have enough, I'll let you guys know >
I just started buying more of it a few months ago and once I have enough, I'll let you guys know >
gambling and investing are 2 completely different things......
gambling and trading are more closely related....... big difference is,,,, you can end the trade, whenever you want..... you either win or lose the bet, once the game is complete....... in a trade, you can lose alot, lose a little, breakeven, win little or win alot...... you decided this, as the trade progresses.......
gambling and trading are more closely related....... big difference is,,,, you can end the trade, whenever you want..... you either win or lose the bet, once the game is complete....... in a trade, you can lose alot, lose a little, breakeven, win little or win alot...... you decided this, as the trade progresses.......
