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The definition of gambling that you put foward is very broad. If you visit a
casino the crowd will generally be 20% pro, 30% semi-pro and 50% tourist or
rather those that gamble for "recreation".
There are professional gamblers who make their living at the blackjack or poker
tables or even on the horses. To those, they regard the business of 'gambling'
in much the same way we (most of us who frequent these forums) regard the
business of speculation. We all are taking calculated risks and we only play
(read: 'bet' when we think we have an edge and beleive the probabilities of the
various outcomes give us a +ve expected outcome.
My point? Well, to attempt to draw comparisons between gambling and
speculation is too broad an endevour because the participants in each of those
crowds is too diverse. In answer to Brents question, I would say, yes, that
most of us could very well be compared to pro & semi-pro gamblers in that we
all take calculated risks and play when we think we have an edge. To compare
a "trader" with the average tourist who visits a table at a Casino in Las Vegas
and who bets without having given consideration to the probabilities of the
various outcomes; then I would say that the answer is no.
Essan
BrentinUtahsDixie wrote:
> RT's
>
> What do you think, is trading gambling? Below is the definition of Gambling
> from Merriam Webster.
>
> Gambling
> 1 a : to play a game for money or property b : to bet on an uncertain
> outcome
> 2 : to stake something on a contingency : take a chance
> transitive senses
> 1 : to risk by gambling : WAGER
> 2 : VENTURE, HAZARD
>
> Best Regards,
> Brent
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