Re: Why is gambling considered \"bad\"?
[ QUOTE ]
[ QUOTE ]
Probably but I don't understand it. How is it any different than investing in the stock market, yet I don't see the religious right trying to outlaw that. And yes people get addicted to trading stocks just as they do other forms of gambling.
[/ QUOTE ]
Just playing devil's advocate here...
The big difference with the stock market is you're buying a piece of a company. You own something until you sell it, not unlike starting your own small business. It's just that there are thousands of co-owners with you. Gambling is just a wager with only cash exchanging hands.
Playing the market a certain way can be akin to gambling, but you can also do it different and invest in a company for the long term. Gambling is always gambling, no matter what.
[/ QUOTE ]
I think one big difference is that usually investing in the stock market is +EV, whereas usually gambooling is -EV. Not that I agree with the banning or regulating of gambling in any way.
|