Difference Between Investing/Speculating vs. Betting/Gambling

  • Investing – Getting an adequate return in the form of dividends, interest, or rent, while expecting safety in principal
  • Trading – Making a market, trying to stay net flat and makes money by extracting the bid-ask spread
  • Speculating – Buying for resale rather than for use or income, expecting capital appreciation
  • Betting – Trying to be right
  • Gambling – Trying to get excitement