The difference between betting and gambling

[stevenash]

All betting involves gambling, but not all betting involves gambling.

The definition of gambling:
To take risky action in the hope of a desired result.

You walk up to the roulette wheel.
There's always a risk of losing, and you can win only by luck.
The last winning number has absolutely no effect on what the next winning number will be.
Random numbers are just that, random.

Betting however, can be coordinated in a way to minimize risk, while winning through data driven strategies.

Sports betting can be modeled and treated like a business, something which can't be done with gambling.

Sports bettors, the successful one spend a lot of time studying and researching historical data to create strategies.

Gambling, like my example on roulette is a game of chance purely built on personal desire to win.

Gamblers rely on luck.
Bettors make sure they have an edge.

That's the difference.

[jjgold]

nashy everyone here a gambler except KVB

[stevenash]

nashy everyone here a gambler except KVB

What's you definition of gambling Coach?

[Easy-Rider 66]

yeah valid points Nasher but it is easier said than done. the vig and the psychological factors are a tough racket for sure. THX for your take.

[pavyracer]

You need to have the eye of the tiger to be a gambler.

[flyingillini]

Brock is not a gambler. He has an edge and knows how to read the lines. He always has an angle.

[Da Manster!]

I understand Nasher's point...I will try to put in Leyman's terms...

Gambling = relies on pure dumb luck and games of chance (i.e. roulette, black jack, craps, slot machines, casino, etc.)

Betting = make an educated guess and wager prediction based on info, stats, data, etc. to predict the outcome of an event

[USCPHILLYGUY]

Good to have u back Nasher

[stake1]

[Brock Landers]

Brock is not a gambler. He has an edge and knows how to read the lines. He always has an angle.

It isn't just in sports, it's in life pal. Same should go for everyone, see every angle

[stevenash]

Good to have u back Nasher

Good to have a back Philly

(That old gag)

After eleven years here, and most of my life writing, albeit creative writing for fun, technical writing like I do at work, whatever, you get burnt out and just need a break.

I'm refreshed.

Thanks brother.

[stake1]

Post#10: like writing checks that bounce

[jjgold]

Nashy you will bet on anything
Next games up type
Of guy

[str]

Good to have a back Philly

(That old gag)

After eleven years here, and most of my life writing, albeit creative writing for fun, technical writing like I do at work, whatever, you get burnt out and just need a break.

I'm refreshed.

Thanks brother.

Glad to see you around again Nasher.

All the best.

[agendaman]

here is a gamble. the cincinatti res are favored by books to win today.

[stevenash]

Nashy you will bet on anything
Next games up type
Of guy

Not so JJ

I'll bet it if there is value and the metrics say so.
I can watch just about any baseball game, or most any other sport if it's compelling enough without skin in the game.

If I spot something that looks off, I'll bet it but only after I research it out.

Only time I'll bet a hunch, and that's rare, is on a pony.
There was a horse on the undercard on Preakness Day named "Marinara Sauced"
Loved that name, that was a gamble, a risk, no research, he won by the way.

99.98 percent of all by bets are researched based.
Once in a blue moon I'll make a hunch bet, but rare.
Hey! Even us uber nerd geeks likes to have a little fun every now and than.

[Eddy Munny]

All betting involves gambling, but not all betting involves gambling?

[texhooper]

Nasher you disintegrated Einstein

[lonegambler23]

Brock is not a gambler. He has an edge and knows how to read the lines. He always has an angle.

-500 angles, juice legend

[JIBBBY]

Betting is gambling and gambling is betting. Finkle is Einhorn also!

[GT21Megatron]

All betting involves gambling, but not all betting involves gambling?

That will put your head in a blender

[JayLA]

I get it. But just cause you have it all figured out, all angles considered doesn't guarantee you a win. "Betting" on the bounce of a ball is a losing proposition unless you have an edge. I'd even say, with all due respect, most guys who claim they have an edge are down lifetime so....it's better just not to gamble/bet.

Or just spot bet what you can afford and have some fun...just my 2 cents

[GunShard]

Gambling at the left, Betting at the right.

[clockwise1965]

Gamblers here checking in.

[jackpot269]

what if my girlfriend works at the Dr office Tom Brady just went to and found out his throwing arm will soon need surgery but he is going to try and play but dont look good, this news never gets out, I bet heavy against Toms Team!!

Betting or gambling!!

[stevenash]

what if my girlfriend works at the Dr office Tom Brady just went to and found out his throwing arm will soon need surgery but he is going to try and play but dont look good, this news never gets out, I bet heavy against Toms Team!!

Betting or gambling!!

My dad, who knew a thing or two about a thing or two, was a great NY Yankees fan.
He told me a story about how Whitey Ford once closed down a NYC bar at 4am on a Saturday night/Sunday morning, on the same day he was scheduled to make a 1pm Sunday start.

Whitey left the bar snotted, ha-ha-ha-hammered.

Word leaked out Ford was pitching on two hours sleep, half drunk, and fully hungover, and the Yanks were heavily favored, as they usually were in the early 60's.

Public who heard that started fading Ford, bet the Senators as a nice doggy.

Ford proceeded to toss a two hit shutout.

Moral of the story, all that glimmers is not gold.

[Headsterx]

Good to have u back Nasher

Yup, we finally took out the trash and brought in the good stuff.

[risKingDigits]

yeah valid points Nasher but it is easier said than done. the vig and the psychological factors are a tough racket for sure. THX for your take.

The books are masters of psychological mind games. When you’re certain you found an edge they either make it blatantly too good to be true and you shy away, or know that you know and bait you with the soothing odds that supports your theory...only to be a loss.

as many have said before the bets you feel worst about are usually going to be the easier wins.

[stevenash]

Yup, we finally took out the trash and brought in the good stuff.

Almost as good as Mac Brown getting drafted in the first round.
Almost.

[Buckandadime]

Chance favors the prepared mind..

[stevenash]

Chance favors the prepared mind..

And luck is the residue of design.

[Headsterx]

Connotation difference:

You bet because you feel confident you will win.

You gamble for the thrill and not expecting to win.

😂😂😂

[jackpot269]

My dad, who knew a thing or two about a thing or two, was a great NY Yankees fan.
He told me a story about how Whitey Ford once closed down a NYC bar at 4am on a Saturday night/Sunday morning, on the same day he was scheduled to make a 1pm Sunday start.

Whitey left the bar snotted, ha-ha-ha-hammered.

Word leaked out Ford was pitching on two hours sleep, half drunk, and fully hungover, and the Yanks were heavily favored, as they usually were in the early 60's.

Public who heard that started fading Ford, bet the Senators as a nice doggy.

Ford proceeded to toss a two hit shutout.

Moral of the story, all that glimmers is not gold.

Oh no doubt its not like the pitcher owes the mob money, and is throwing it for sure!! But you have to think your odds are little better!!

[jackpot269]

Well in football anyway, you are never as good as your best game, or as bad as your worse game, and human nature seems to remember last game the most either way!!

[stevenash]

Well in football anyway, you are never as good as your best game, or as bad as your worse game, and human nature seems to remember last game the most either way!!

To expand, unless serious injuries, last week's result has no bearing on the upcoming game.