Before anyone says buying stocks and shares is different, it's investing ..... nonsense. The result is out of your control, therefore it's gambling. In fact, the definition of gambling is: wagering money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money or material goods
Therefore, "investing" is gambling. I'm a futures trader, I trade the markets every single day, I know it's an odds game, you can get the odds in your favour, but the parallels with poker are astonishing.
Americans can't even legally play online poker. Poker is a skilled game. I know that if I play 100 times online, in a ten man competition, I will win 70% of the time, I'm that good. It's not a game of chance, theoretically through bluffing, I can win every hand, whether I have the best hand or not.
So why can't the Yanks gamble, apart from in selected states?
2006-09-13
03:53:10
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13 answers
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asked by
Morph
2
in
Gambling