Gambling Versus Investing

In the world of gambling, one of the least asked, but most important questions is what is the difference between gambling versus investing.

Investing in real estate or the stock market is just as much of a gamble as blowing a load of cash at the poker or roulette table. Yes, in a “traditional” sense, most people would consider the stock market or real estate a sound investment. However, not going about it with smarts or going on a hunch can equal major losses and a very sad person.

With that in mind, it would be wise to know what gambling versus investing truly is and how to understand it to increase your chances of winning.

Gambling is placing money on a game of chance with random outcomes without any research backing up their choices, expecting large returns. This often ends up in big losses.

Investing on the other hand is using data that supports your gambling decision. In turn, you can expect to make small to medium gains, which will help you work towards better returns in the long run.

You can be a smarter gambler by doing the following things:

1. Knowing the game you are playing and the typical chances of winning.

2. Setting a betting limit and sticking to it like a hawk. Don’t’ sacrifice your mortgage for a night at the tables.

3. Educating yourself on the gambling techniques and relative information related to the game you are playing.

4. Keep emotions out of the game. Stick with facts and statistics.

In applying the mentality of gambling versus investing, you should avoid the following games because it is more difficult to apply mathematical strategies to them:

Slot machines

Bingo

Keno; and

Lotteries

If you want to increase your chances of gambling success by using statistics and proven data, go with

Horse racing

Roulette

Poker

Sports Betting; and

Blackjack

In conclusion, gambling versus investing is about making calculated and not “lucky” or random guesses. It is possible to bet smart. If you do, you will be surprised how much better your gambling success will become.

Happy gambling and have lots of fun,

Rachel

Gambling versus Investing