GAMBLING AND
INVESTMENT
A gamble is usually a very short term investment in a game
or chance. Gambling is different from speculation and investment. The time
horizon investor in gambling is shorter than speculation and investment. The
result are determined by the roll of dice or the turn of a card. Secondly,
people gamble as a way to entertain themselves, earning incomes would be the
secondary factor. Thirdly, the risk in gambling is different from the risk of
the investment. Gambling employ artificial risks whereas commercial risks are
present in the investment activity. There is no risk and return off in the gambling and the
negative outcomes are expected. But in the investment there in an analysis of
risk and return. Positive returns are expected by the investor. Finally,
the financial analysis does not reduce
the risk proportion involved in the gambling.
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