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Old 30th May 2002, 01:02 PM
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You're kidding yourself.
No matter whether someone is successful on the punt or not, its still gambling.
Even the people behind this site, admit that!

Strike rates change over time, during a given 6mth period your strike rate may be 45% (win) with an avg div of $3.50, over the next 6 mths drop to 35% with an avg div of $3.20.

Each time you place a bet, its still a gamble.

When someone buy some options or futures, they are not investing - they are speculating - whether its successful or not.

I can tell by your comments that you lose, by failing to admit what your actually doing.

Even great traders like Soros, lose money from time to time but he's not an investor like Buffet - he's a speculator who's very good at it.

Investing - is where you buy an asset, that you think will be worth more than what you paid for it in the future, and has potential for a revenue stream for several years - it doesn't have a time limit like 2 mins. Buying a horse for breeding is also speculative, but its investing, cause the asset (horse) has the potential for creating an ongoing revenue stream for several years.

If you had a system that worked over a period of time - you could call that an asset - but each time you punt on a horse - its still a gamble.

I know how to countn cards and play basic strategy at blackjack - but its still gambling - all that's happened is i have increased my odds of winning.
That's what a good betting method does - increase your odds of winning, but it ain't investing.


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