Quote:
Originally Posted by Fager Fan
Yes and no. One can say that putting their money in anything but the mattress means they're gambling, but they could even lose the money in the mattress if they're robbed.
I guess we're "gambling" every day with our lives as we drive a car or board a plane or cross a street or eat a cheeseburger.
So we can take it all to the extreme, but we generally know what we're talking about when we talk about investing and gambling and the differences between the two.
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So would you not call betting on horses gambling? We call playing a slot machine gambling, or blackjack gambling...both games you are guaranteed to lose. Horse racing though, you CAN win at, since you are playing against other players and not the house's built-in edge.
So should we call horse racing betting - investing? To distinguish between horses and craps etc.?
These are the types of lines you're trying to draw.
Anything with risk should be called gambling...
Life IS a gamble...
