While gamblers are no doubt geniuses when it comes to making split-second decisions which can result in a million dollar payday they might not be the best people to look at for long-term investment strategies. This does not imply that gamblers are not good investors. No, far from it. The gambler knows which strategy to use which investment. Professional gamblers invest in casino games daily from best online casino sites and earn enough money to take care of their responsibilities and even be irresponsible with.
Major Differences in Investing and Gambling
There are a couple of differences between gambling and investing (mainly because the two are very similar). Below are the top differences between investing and gambling.
- Gamblers already know they are going lose in the long term. The casinos only publish reports on how much their games will return to players in the very long term. These figures are never above 100% if they were the casinos would go out of business. All other investment portfolios promise to give back more than 100% what you invested. While both promise some sort of reward, with the casinos it is more like you are paying for the fun of playing casino games. This makes the actual winnings a bonus.
- No one can argue that gambling is a short-term activity. Just like any other hobby, gambling is a long-term engagement. The majority of people who end up with gambling problems fail to take it for what it is. A long journey with games of chance. That is why they fail to get satisfied with the short-term rewards. The difference is that the rewards for playing casino games come frequently and unexpectedly.
If you do not get it, just know that the difference is in the fun. With real money casino games, you are probably going to lose money but you will have fun doing it. On the other hand, financial investments will probably earn you money but it is not as fun. But that is an arguable point for another day.