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Re:Are You Trading or Gambling? by ryandrake on Saturday February 27, 2021 @11:57AM (#26286101)
Everyone has a different definition of gambling. I don't think it has to do with EV. Poker players can definitely achieve long-term, sustainable +EV, especially in rake-free games, because they are playing against other players and not a house. I still think it's gambling (along with the stock market), which to me simply means wagering something of value on a future event whose outcome is unknown.
Re:Are You Trading or Gambling? by porb121 on Saturday February 27, 2021 @02:05PM (#26287221)
With a wide interpretation of "wager", your definition includes lots of human behavior that no one would traditionally call gambling, because all future events have unknown outcomes, and most future events have appreciably unknown ones.
Re:Are You Trading or Gambling? by kqr on Sunday February 28, 2021 @04:46AM (#26292060)
I'm not who you responded to, but I'm fine with that broad definition. It is practical to find those mathematical equivalences that are easy to find when you apply the analysis of gambling on most endeavours.