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JabarkusRussell
Member since Jul 2009
10289 posts

Casinos and Stocks

Why do people say casinos prey on the poor when the stock market is just as big a gamble in some cases?


Bravescd14
Alabama Fan
Huntsville
Member since Nov 2009
403 posts

re: Casinos and Stocks
This post was edited on 12/31 at 7:49 pm


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Tigah in the ATL
LSU Fan
Atlanta
Member since Feb 2005
26407 posts

re: Casinos and Stocks
quote:

Why do people say casinos prey on the poor
no, casinos prey on people who are bad at math.

And who are these people? I predict Baptists.


JabarkusRussell
Member since Jul 2009
10289 posts

re: Casinos and Stocks
Rich people can absorb loses from stocks better than poor people can with gambling but lost money is lost money. I always see liberals in the paper say it preys on the poor and takes advantage of them. I say it preys on those with no will-power.


mograyback
Missouri Fan
Member since Jul 2011
7102 posts

re: Casinos and Stocks
They're very different things.

The stock market is something that is a risk. But intelligence, education, and research plays a big role in success.

Casinos always have the odds in their favor. Yes, you can try and cheat the system, but then you have to inject cheating (insider trading) into the stock market side of the argument.

And who are these 'rich' people that you speak of.. most people that play the stock market are not 'rich'.


DonChowder
LSU Fan
Sonoma County
Member since Dec 2012
6890 posts

re: Casinos and Stocks
Quit starting threads. Take something for your verbal diarrhea. Go watch the game.


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TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
17798 posts

re: Casinos and Stocks
Because you touch yourself at night.

If this is a serious question, in all sincerity, go reevaluate your life.


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Jim Rockford
LSU Fan
Member since May 2011
42879 posts
Online

re: Casinos and Stocks
quote:

The stock market is something that is a risk. But intelligence, education, and research plays a big role in success.


The financial markets are more of a gamble than almost anyone is willing to admit, and the more esoteric instruments are pure speculation. OTOH, there are forms of wagering-poker, horses, sports, etc-where intelligence, education, and research are as important to success as in the stock market, or moreso.

I've heard professors and preachers try to argue that one is nothing like the other. An essay question on one of my undergrad Finance tests was to explain why stock market investing is not gambling, and vice versa. I spit out the required answer, but I found the premise unconvincing, then and now.


TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
17798 posts

re: Casinos and Stocks
REVERSION TO THE MEAN.

If you invest in companies that make money, you will share in the gains. If you gamble, you will lose, in the long run.


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