I think if you have a decent system that yields you decent returns consistantly then it should definitely be an investment.
How well do you all do?
How well do you all do?
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A fun investment that hasn't returned any profit...
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Lol That could be a good way to put it...Comment -
Gambling is like a fat girl. You spend all this money to chase a nice little prize at the end - but is it really worth it?Comment -
I, myself, think it is - so I'm going to keep pumpin' money into this bitch.Comment -
Here is my question... We have all talked about how it is a money management game more so than the gambling aspect of it. Some of these sharps in vegas consistantly shoot 60%+ Couldnt you make a ton of money with that with the right amount of money invested?Comment -
Neither word feels quite right to me. I think the term that best describes my thinking would be "Puzzle-solving."
But Investing would be a better word than Gambling for me.Comment -
Listen my douchey friends - gambling isn't an investment - gambling is throwing your money away but having fun while doing it! It's like when you go to a titty bar...it's fun getting a lap dance but in the end you're throwing your money away 'cause you won't get to fvck her.
Goddammit! Nothing is going right for me
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strictly amusement... I am financially set.. makes it a ton easier this time around... And i am winning too...but more for amusement... Do not bet everyday...just when I feel like it...or want to try a system I back tested... G.Comment -
gambling..... I don't expect to win long term, so I don't bet anymore than i'm willing to lose for this "entertainment" and it is GREAT entertainment for me.... I love all sports and it is great to have action on a good game...
that being said, i've done very well over the last year.... but even when winning short of long term I don't look at it as an investment... I leave that to properties here in chicago or long term buy and holds in wall street I have.
somtimes I do view a long term future like an mlb over/under season total as an investment.....Comment -
Nice... How did you get to a point where you own property in chicago, being so young?Comment -
i'm not that young.... and in my neighborhood which is gonna be completely gentrified in 5-10 years..... You could buy properties from the city for as low as $1 a lot a few years back.... now since gentrification has moved all over the city its harder to find GREAT values in the hoods...but they are almost all very good values.....
If Chicago gets the Olympics in 2016... I may buy SBRComment -
In order for it to be investing you must have an asset class, something tangible that holds value. There is nothing thats tangle that holds value, that can gain or decrease in intrinsic value. Therefore by definition it's gambling. Argument such as these simply try to legitimize in the mind of the gambler that something of value is inherit in their actions. I personally gamble on sports not out of enjoyment, but as a means to arbitrage money from the system. I took this up only because it mirrors my real job as a derivative trader, and I see that as speculation and not investing because my time frame is less that an hour on most arbitrage. Betting on sports has been a lucrative supplement to my income and offers me a means to occupy my mind for the afternoon.Comment -
paid entertainmentComment -
Do you live close to Humboldt Park?Originally posted by Chi_archieComment -
Gambling
you can't beat the systemComment -
Investment..
I don't place a bet because it's on TV. I don't play parlays anymore. I'm not playing for fun/action etc.
All I'm interested is making profit. It may be a boring sport/game, as long as it's profitable it will have my attention..Comment -
No one that does this professionally hits 60% at -110. Competent money management and you'll be raking it in at 54% or less.Originally posted by JRS21386Comment -
For me, if I can quantify my expected returns and know the probabilities, then it is an investment. If I'm just picking teams like the wife using the color of the uniforms, better looking cheerleaders, or other superfluous means, it then becomes a gamble.Comment -
Originally posted by KingRevolver
yes.... Humbolt park had some great investment opportunities 5 years ago...... I'm a neighborhood or two over....i'm near douglass park (north/south lawndale)Comment -
It is not investing, it is pure gambling
No one wins gamblingComment -
What about Nicky JJ?Originally posted by jjgoldComment -
It is strictly for entertainment purposes. I just like to have action. I would never even consider to do this for investment purposes or for a living.. I already have a good life with a good income, this is just for fun.המוסד
המוסד למודיעין ולתפקידים מיוחדים
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I work in insurance right now and do this for fun... However I am trying to get into the options market in the stock market to perhaps be suitable enough to make a living someday. What do you do for a living? And most importantly do you enjoy it? I absolutely hate my jobOriginally posted by flyingilliniComment -
I absolutely love my job and I am doing exactly what I want to do with my life. I am involved in different things but one of my sources of income is group homes. I own two group homes that house Adults with disabilities. They are fully functioning, have jobs etc etc, just need some help. I also run different programs and have a youth program going for Children with Autism.Originally posted by JRS21386המוסד
המוסד למודיעין ולתפקידים מיוחדים
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Thats awesome.. Its rare to find people who love what they do. I tell you one thing if i were doing what i loved i would be a whole hell of alot happier...Originally posted by flyingilliniComment -
Originally posted by Chi_archie
Ahh, yes, Douglas Park.
If people here were smart they'd invest money in Detroit. That place will be gentrified in the next 20 years. It'll be a cash cow and you could retire on the money you get from selling the property...if you buy enough of it now. It's cheap as fvck.
I don't do it 'cause I'm not smart.Comment -
Oops...posted this in the wrong thread.
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if your not making money gambling then u shoudnt do it. i have been gambling hardcore for the last 2 years and i would say i have made more money then i would have if i had a job as an executiveComment -
nice signatureOriginally posted by Chi_archie
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In the past it was gambling , and I've looked at my lifetime numbers and decided that I've paid a small price for valuable lessons...I'm more and more looking at it as an investment and in the near future I home to make it nothing but that...
I'm not a believer that "you can't win or beat the system" ..Comment -
I Agree with that.. I think if you know enough about anything you can make innovative decisions...Originally posted by ManOfValueComment -
Watching what my FI Broker did to my 401K----I would have been better off "investing" in college football last year. I know I couldn't/wouldn't have lost as much money as that prick did for me.
So, I am now in the corner of "investing" on sports instead of gambling in them.Comment -
For real man.. The market blows.. Still alot of money to be made in it, but sports is just more interesting to me...Originally posted by MartinBlankComment -
Sometimes im investing and sometimes im gambling like when i bet double for extra entertainment.Comment
