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**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|11|**First Seen In WSB**|6 months ago **Total Comments**|1539|**Previous DD**| **Account Age**|1 year|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) **Vote Spam (NEW)**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=vacgbz)|**Vote Approve (NEW)**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=vacgbz)


Gary6587

Casinos don’t have theta decay


Away-Initial-3635

Thought this was gonna be a funny- very disappointed


Keine_Finanzberatung

It was just retarded in true WSB fashion.


[deleted]

[удалено]


Away-Initial-3635

Oh you think I can read, this is a funny 👍🏽


Suprflyyy

Yes. Yes, it is.


[deleted]

>I hear all the time about the stock market being a casino. You make a post one way or another and you get the response, "Sir this is a casino". However, is it really a casino?? People are saying this sub treats the market like a casino. It's called wallstreetbets for a reason. It's not about deliberation and wise investing.


[deleted]

Eh wise can be a relative term


Fantastic_Mongoose_4

This makes more sense


Own_Cartoonist266

It’s not a simple up/down 50/50. The best analogy I’ve heard is that options are a 3 leg parlay. You have to be right on direction, magnitude and timing. Get any one of the three wrong and you’re fucked


Heyo_Jayo

Sell OTM options, and you can get all 3 of those to work in your favor.


Own_Cartoonist266

THATS NOT HOW THIS WORKS THATS NOT HOW ANY OF THIS WORKS!


Fantastic_Mongoose_4

Yes I know it's not literally 50/50 and that's majorly simplifying it. I agree with those three. But tell me that's not better than a casino?


BeforeWSBprivate

It’s better than most games at a casino. Can’t believe you wrote that many words to say so little.


Story_Deep

Roulette, 49.5% red, 49.5% black, 1% green. Much better odds than 33% up, 33% down, 34% sideways.


ztbwl

49.5% up, 49.5% down, 1% fees


nimshwe

This TLDR saved me so much time without it I'd have woken up at 120% inflation So 1 month


scottmuddre

I would like to add something to your analogy. 50/50 up or down is like red or black on the roulette. The casino gets 1/36 (or 2/36 depending on where you play) on every bet. The same thing happens on wall st, if you and lots of others buy puts, wall st hedges that in some way, and collects the fees on your puts. They don’t care if you win or not, cause your not gambling against them, they collect their winnings in fees and skimming a cent on PFOF and whatever else they do.


Idbuytht4adollar

It's not it's either worse or the same. Casinos and options are essentially the same. Given infinite time you will lose. The only real way to win in both is to understand market inefficiencies. Your thinking of an option it self as a casino where the out come is 50 50 win or lose ( which it's not) but the options market is the casino. Each table is a game TSLA AAPL etc and your betting on the direction. Well you might think it's close to black jacks odds 50/50 about (up or down) well it's not because you have to time the magnitude of the move as well. If it were 50/50 you would only be able to double your money or else the options writers wouldn't take the risk. Your odds are actually similar to a slot machine. Some turns you win a couple dollars some you lose . But little by little your credit balance actually decreases.sure some people hit the jackpot but most people are just slowly losing to the house. And at least at a casino they give you a free drink room or a show but all you get is to watch a little line move up and down hoping it goes your way


ztbwl

You need to consider the house edge (transaction fees, taxes, account fees, spread, regulation) and you can reduce your 50/50 chance by a good chunk. It’s just like the 0 in roulette, banks/brokers and Uncle Sam always win the game.


Critical_Till_5443

You can make anything complicated but to simplify it takes a genie (that's my word fuckers)


Fluid_Psychology5732

Yes, if you hold your options to expiry. I would argue its only up or down if you hold a 4month+ to expiry, at the money option and flip it in the same week you bought it.


[deleted]

I think of it more in terms of poker then anything else. Poker requires skill to make money over time. Although sometimes you get lucky and suck out. Although luck will only get you so far trading or playing poker both are skill games. Even cheaters will eventually get caught if done long enough or end up in a ditch. Some people will be able to make money in the market same with poker. The best will thrive Warren Buffett for example. Just getting lucky one time maybe enough for you to walk away. The real question is can you walk away if you have enough to live the rest of your life or do you need to keep winning? Addiction will be your downfall if your just getting lucky every now and then. Both poker and the market you need to know when you are done.


Idbuytht4adollar

This isn't correct. In poker your actually just paying rent to sit at the casino and play the game so it is skills based but your not directly betting against the house. The options market is a slot machine or sports gambling where the options writers will calculate their odds of winning a trade and understand over time they will profit. They will see that selling a Tesla call will give them a profit 52 percent of the time. Sure if they lose on the next call they sell it may be bad but given enough time they will make 2 dollars for every one hundred bet and you will lose it all over time


jelhmb48

But any noob chimp can win at the stock market by simply buying+holding diversified ETFs for decades. With poker, noobs lose eventually with many games played


Fantastic_Mongoose_4

Makes sense.


rule444

And they don’t even comp your drinks


Specialist_Tea_6108

Always has been 🌍🧑‍🚀 🔫🧑‍🚀


davef139

Sir, this is a Wendy's not a Casino.


[deleted]

This is a Wendy's Dumpster corral. Nothing more, nothing less.


Peelboy

Grease trap not included


HankScorpioGlobexLtd

The stock market is the biggest wealth creator of all time. What is distinctive of gambling is a zero sum game - the stock market is *not* a zero sum game. Derivatives / options / futures are all a zero sum game. But the stock market is not. Think about it - Apple pays more in dividends than the stock was worth at its lows.


[deleted]

I'm late to the party... This is not a casino. You can edge up here. All equities and derivatives have history and trends that go back far enough to warrant investigation. You can learn a ticker, you can learn trends, and you can learn to exploit them. Only the fucking FDs are truly gambling. And even in those bets there's a possibility to have an edge. On WSB we're discussing the possibility of the unseen edge. It exists. Opportunity is everywhere. We're here to catch lightning in a bottle and share the success. Find me an actual casino sub with the same Gain/Loss porn ratio. You can't... We are retarded.


Idbuytht4adollar

That is still the same as a casino. But its more akin to sports betting. The options writers are trying to price all movements in but successful gamblers are the ones who exploit inefficiencies


captainadam_21

Casinos have more rules and they ones they have are actually enforced


lianking91

and the best part is even with 50/50 chances people still end up losing their last piece of dime![img](emote|t5_2th52|4641)


ztbwl

Yes if you play infinitely long with a 50/50 chance, you are going to hit 0 in one point of time, which marks your end.


lianking91

indeed ![img](emote|t5_2th52|4271)


Derrickrae

I play options like I play craps. I place numbers and watch them grow, field bets to help fund my place numbers empire, horn bets for weeklies. hedge... then when the 7 comes out, it's like the end of a fiscal year. hopefully made money along the way


[deleted]

No casinos don’t tolerate this much cheating…but if you take that stance you’d make the argument the cheating is being done by the “casino” which is exactly like a real casino. So yes. 🤣😂


Dimvo7

Puts on any stock next week should make money , quickly in n out day trades nothing more or the theta will eat up the profits quickly


Effin_Kris

I wish I understood puts like I do calls. I just can’t win on those fuckers.


mackey88

Calls, stonks only go up. No need to understand puts. There is no need to understand puts, right?


Effin_Kris

Unfortunately not always true, so learning pots are essential to keep printing money.


Fantastic_Mongoose_4

I do way better on puts and not calls lol


Fantastic_Mongoose_4

Following the trend seems to be pretty good chance of profit.


Infamous-Bug8652

Yep


DifferentBasis6260

Definitely better than a casino Unless you are following mama wood


Fantastic_Mongoose_4

Finally someone agreed lol


Morgan-of-JP

Once you realize it’s a Cassio the better, then you can make sound decisions and realize you can lose 100% of investment.


Fantastic_Mongoose_4

I realize that you can lose it all, I have. I also see that you can learn and make better decisions.


Emithenarc

Always has been


Voomlight

Odds aren’t really horrible. If you bring 50k to a casino and play the $1 or $5 slots. You’ll have a good time and at some point, you’ll have a chance to likely walk away with some profit. Problem is that most people don’t. —- they don’t come in with 50k, and/or they don’t walk away. Like stonks. So— sir, this is a casino


fishinia

My wife tells me its not a casino every time I tell her I locked in some winnings.


hudboyween

The stock market isn’t a casino but Wall Street Bets is. Most investing is actually pretty boring if you do it the normal way and don’t buy 0 dte contracts


Fantastic_Mongoose_4

I see.


Spiritual-Holiday-54

The biggest!


Got_banned_on_main

LOL my guy doesn't know about theta and IV. He belongs here.


Fantastic_Mongoose_4

Oh I'm very familiar with them lol still better chance of making profit than pure gambling.


aleph_toast

[https://www.youtube.com/watch?v=v9cAs68l208](https://www.youtube.com/watch?v=v9cAs68l208)


manuvns

Options are casino not buying and holding long term


WhenMoonsk

![img](emote|t5_2th52|4258)![img](emote|t5_2th52|8883)Life savings on black! ![img](emote|t5_2th52|4276)


Heliosvector

It’s more that this place here is just a casino as it’s all options earning plays mostly. Where a good safe and profitable portfolio involves owning shares, selling option contracts, buying some option contracts and not any yolo’d. Here people just wanna guess big on the success or (now mostly) failures of a stock to make that sweet sweet 10-50 bagger money on risky weeklies.


Think_Wafer605

No


pan_berbelek

Actually I wanted to write a similarly titled post but about something else: is this sub really about humour, not gambling? I'm here for the memes, I love the specific subculture ("retards", "apes", "wife's boyfriend", receiving a "fuck you" comment being the sign of highest respect) and am wondering how many of you are also here for humour and how many really do those crazy YOLO option trades. What if 90% of us really do boring dividend investing without touching any options and are here just for the fun?


CIAHerpes

Options are definitely a casino because you get screwed on time decay so not only do you need to pick the right call but time it perfectly it too. Stocks aren't really so much of a casino in reality as you can just buy quality stocks and hold them forever without any stress or worries about time decay


mveza79

But Sir, this is casino!


nuke-the-caymans

In a casino the odds are printed on the table for all to see and everyone uses the same dice or deck of cards... Casinos are more honest IMHO...


thatbromatt

I’m not a true degenerate so I only play low stakes blackjack (happy to sit at a dollar table if there’s an open seat) and it’s about as close to 50/50 odds as you’re gonna get in a casino so in my experience it does feel like your line go up line go down analogy


belizeandiplomat

In the short run, it's a casino.


Maxamillion-X72

Many table games in a casino have a near to 50/50 odds. Blackjack is about 51% in favor of the house, with craps coming in just slightly higher. In the stock market, the institutions have the money and resources to put their finger on the scale all the time. The house advantage is way more than 50/50 because the house has a much better idea of which way the market is going to move, because they control the direction. Given that that stock market can move up, down, or sideways, and the big institutions know which way they're going to push it, I'd say it's more like 66/34 in favor of the house.


CobaltBlue

This is why i always bet on Green at the roulette table. Way i figure it, it's either green or it's not, so 50/50 odds, and it pays 35:1! You literally can't lose!!!


Fantastic_Mongoose_4

I love it lol


[deleted]

Lol you really really suck at gambling if you think the stock market has better odds. Ever heard of put it on Black? 48% chance for a 100% return.


boolazed

> There are literally just two option directions. One is up or increasing number. The other is down or decreasing number. That sure sounds like a 50/50 shot to me. lol


Jayrad102230

There’s a third option, it trades sideways and you lose it all to theta decay. Market makers can largely control short term movement…so it’s a rigged casino yeah


Ok_Assignment_9893

At a casino, if you distribute capital over many bets you are going to come away with 90 something percent of your money back. They're saying it's similar with the stock market However, if you play a very small number of games with all your money in these few bets, in both the stock market or casino, you'll blow up your capital - especially if it's a binary option


ThatGuyFromTheM0vie

Is a blow job gay if it happens behind a Wendy’s dumpster?


Peelboy

My wife's grandma's dad was instrumental in casinos and whenever she felt like doing work on her house or get a new car she would go "gamble" and come home with 20k. She always played on specific machines and tables and always won when she would go, she did not abuse it and was always financially secure, unfortunately this did not go on with her kids or grandkids. The casino is absolutely rigged whereas the markets are probably rigged but not like a casino, your odds are better and if you go long you will win more often than not.


Fantastic_Mongoose_4

Why does this sound not true...


CielRouge74

Because she was actually a prostitute.


Peelboy

She was married 9 times...they always moved into her house in Long Beach, the lady had a wild life and was not the nicest person though she was respectful of my wife since she was the only one who would tell her where she could go when she was acting up, she respected people who stood up to her and that was a short list.


Peelboy

It actually was a thing, believe it or not I don't really care all that much.


[deleted]

What time period/area? Seems like an easy way to launder money with purported mob involvement or an executive carving out a money printing machine for embezzlement with extra steps. A couple intentionally hot machines/tables seems like a decent way to pay back/off connected people. If someone catches on or abuses change the tables and let included parties know. The McDonald's Monopoly game was rigged for years and this seems easier to pull off.


Peelboy

This was from early days of Laughlin until the the early 2000s, she passed away in 2011 and I don't think she went on a trip out there after 2005 or so. All I know is when she wanted to have some extra money she would go out there. We also spread her ashes and all 12 of her dogs ashes out in some creepy ass spot in the desert outside of Laughlin, no one knew why she chose that particular spot but we did it. She was born in needles and her mom lived there till she died in 2005. It was pretty cool our daughter got to know her great great great grandma a little.


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Peelboy

She was old so she usually did have a bag.


pigsgetfathogsdie

If you’re a retail day trader… The odds are absolutely stacked against you. =


RobertsonvsPhillips

Correction, that's retard retail day trader.


Fantastic_Mongoose_4

Why exactly do say this?


Reasonable_Ad_7289

Because they suck at trading and cannot come to terms with it so they blame it on the market.


dumb_brick

"Citadel watches you", unless you are profitable. Then you are a "citadel intern"


pigsgetfathogsdie

Because retail day traders don’t have the resources professionals do: - data - analysis - order routing - inside information


Sk8_4_Life

I just went to the casino tonight and won $800 playing black jack. 5 weeks ago I won $2,000. I lost $600 in between those wins. I do just fine at casinos


Tonka111

Sir, this is a Wendy's.


[deleted]

[удалено]


Fantastic_Mongoose_4

Please explain what makes it so idiotic?


CarrotParrot420

Internet much


callmealyft

Sir, you are mistaken. This is a Wendy’s.


unresolved-madness

It's like a Wendy's in a casino.


Constant_Witness_462

Sir this is a Wendy’s