A game of opinion, much like the stock market or real estate, can be beaten. Like the stock market or real estate, there is a "vig" to be paid, but it can be beaten.
A game of opinion, much like the stock market or real estate, can be beaten. Like the stock market or real estate, there is a "vig" to be paid, but it can be beaten.
There's no question that you can win in stocks and real estate over the long term. Pension funds and insurance companies have won in both of these "gambles" over the long term. Many families in American have their major store of wealth in the underlying value of their homes -- even in this economy.Originally Posted by redietz
But the question is can you win in the casino over the long term the same way you can win in stocks and real estate over the long term?
If you're betting sports.
I cannot disagree with that, because sports betting is not a game of chance. Actually, it's much like investing in stocks or real estate... you are investing in assets, and you use information to judge market conditions. Live poker is much the same-- you invest in quality hands, muck the poor draws, judge the market meaning your opposing players and make adjustments as more cards enter the game and other bets are made.Originally Posted by redietz
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