What's your response to "So you're a gambler?"

Beginner Questions
21

I’d have guessed “stock exchange” from your username. But they’re all about probability and statistics and risk-management, aren’t they? So kind of similar? (Maybe professional poker, too, from what I’ve heard?).

1 Like
22

You can trade horse racing on sports betting exchanges you use charting, technical analysis and sentiment analysis…its called pre race trading …it’s lot of volatility at the start of the race you Will need professional scalping techniques and lots of experience on horse racing :racehorse:

2 Likes
23

It’s no use to me. I’m too tall even to be a jockey. :sweat_smile:

1 Like
24

The benefits of gambling on horses it will teach you human psychology and be comfortable with losing often… crucial skills when venturing on the business of taking risks in financial instruments trading and investing

1 Like
25

Yes, if you don’t consider that I’m using methods, strategies, and analysis not just guessing.

1 Like
26

All this time, I thought horse racing was just pure gambling. :joy:

2 Likes
27
3 Likes
28

I like this explanation. It’s not abstract. People can grasp what it takes to run a restaurant I think better than any “trading” profession.

1 Like
29

Now that’s an answer!

1 Like
30

Technical analysis for horse races? What does that look like?

1 Like
31

And trading is a business - people sometimes need telling it’s not a game.

32

You get same price movement of the odds of the horses as any other financial instruments, you got a chart and can apply like trends,support and resistance indicators and predict where the prices are going all in a very short time scalping

33
3 Likes
34

You really need to take that approach. Go all in, as they say, and treat the situation with respect and attention you would give any job.

35

The “odds”. Haha I was thinking of something completely different , like horse characteristics or track day environment. That couldn’t be it, could it?

Oh my goodness my brain…

36

The odds or prices are the probabilities of the horses to win the race set by the bookmakers once the market open they move and close to the start of the race lots of money come in and create volatility thats when the short term traders try to make some money

1 Like