Special Report on
Gambling vs Investing
Gambling vs Investing - Trends
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Gambling and investing are both games of chance. Both involve probabilities where you put money at risk with the hope of a return, and both can make your hard earned savings vanish when you bet wrong. So what is the difference between gambling and investing, and why should you care? The difference boils down to one simple concept that sounds intimidating but is actually easy to understand – mathematical expectation. God does not care about our mathematical difficulties. He integrates empirically. Albert Einstein The reason you should care about mathematical expectation is because it tells you how much profit (or loss) you ...
I often hear some variation of the question, “What’s the difference between the stock markets and casinos?” So, I’ll share my typical answer… While there are several small similarities between casinos and stock markets, there is one large difference. If you go to a casino, buy in, never place a single bet, and then cash out, you receive the same dollar amount you bought in at, regardless of when you cash out. Now imagine if casinos valued their chips based on how well the casino as a whole is doing. Over the course of a day, the value of those chips might ... Read More
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GAMBLING VS INVESTING
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