Quote:
Originally Posted by PaceAdvantage
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... |
Horse Racing you are playing against other players AND the hold. You can be an extraordinarily talented and disciplined player and still not beat the hold.
Investing you can be an extraordinarily untalented investor and so long as you are disciplined, it’s still difficult to lose money.
