I used to play poker, which is a game of skill and not gambling.
The difference between the two types of personalities (gamblers vs poker players) which I noticed is that gamblers focus on their victories, while poker players focus on their losses.
Focusing on the few times you won (and forgetting all the money lost to get to that point) keeps the gambler coming back for the promise of another rush. Poker players trust in their skill, instead of hoping for luck/dopamine, to keep them coming back for more.
yes there's a skill element in games like poker than, say like craps
it can still be very risky though, you need very good bankroll management even if you're a good player otherwise
You are a gambler unless you focus on proper money mgmt techniques. the reason most fail at gamling is becuz they place too high of a bet on things that offer a very low chance of paying off. That's why the stock market beats ANY form of gambling. You can actually see what people are thinking via the sentiment readings. I know what you are thinking about crypto currencies right now just by looking at this. :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=gbtc&x=46&y=16&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
In my blogs about Wall St crypto vs "actual" crypto I tell you what you "shoulda" been thinking. Hope you will follow along.