Gun punter - if I have a "system" that generates $200K/year consistantly year in-year out is that an asset? If so then surely putting a few thousand into a TAB account that uses the system to generate the income must be an investment. I agree (as does EI, I think) that each individual bet is a gamble but we are not talking about each bet here - we are talking about the long term income potential.

Personally I don't give a damn what you call what I do - based on the performance of my system so far that $1500 I "invested" (or "gambled" if you want) has certainly outperformed EVERY share/property investment I have made in the past. :grin:

PS. I would love to see your tips for this weekend - not that I will put any money on any of them - betting on other peoples tips without doing your own research is most definetly gambling!