How is gambling different from the stock market?
Posted on March 4, 2010
Filed Under Gambling Code
I know its a rather general question with an obvious type of answer, but theoretically, how is it different, because in either case your gambling money, either you win some or you lose some…
fancy gambling, i like that. Like realllll high stakes gambling….
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Well, when you buy a stock, you’re actually buying a piece of the company…so you theoretically own a little bit of their staplers and copier machines and inventory and buildings and whatever else. You’re betting that the company will continue to make money and beat out its competitors with new ideas and products.
With gambling (like in poker or in a casino), you’re not really doing that…you’re just betting on random chance (in the case of slots or roulette) or you’re betting that your skills in poker over the long run are better than the other people at your table.