Different people see different things in different ways. If you take a simple thing such a peanut butter, there are people who like to taste peanut butter as a smooth buttery paste while there are those who like to feel the crunchy peanuts in the paste. On a serious note, if you look at communism, there are people who genuinely believe that communism is the best way to make the world a better place where there is equality among everyone. However, at the same time, there are those who do not see any good in communism and are widely against the idea. This happens because different people see different things in different ways. Does this theory of seeing different things in different ways apply to gambling too? Sure, it applies to gambling too. There has always been this idea where some people argue gambling is an investment while some say it is just gambling and there is nothing more to it. We can see if one sort of gamble, gambling on horse races, is indeed an investment or not if we pay out attention to Australian horse racing betting.
Based on Skills
In horse racing best bets, more than ever, gambling has become more of an art or an acquired skill of the gambler. We all know in stock market, there are a number of options available for someone to invest if they choose to. However, not everyone chooses to invest in the same stocks. Also, the people who succeed in investing correctly are the ones who know how the market works. They are the people with experience and skills in the market. In the same way, the gamblers who lay bets on horses have to have a skill to know which horse to bet on.
Making Decision Based on Performance
For an investor to make a decision about investing on a certain stock, he or she pays attention to the way that stock behaved and is behaving in the stock market. He or she only goes forward to make the investment if he or she is positive that investing in that stock will be a good option. In the same manner, when it comes to laying a bet on a horse, the gambler first studies the past races of the horse he or she is thinking about laying a bet on. Based on the performance of the horse a bet is placed.
Making a Profit in the Future
Just as in investing, in gambling too your profit only happens in the future. Though you make the investment now, the results of profit or loss happens in the future.
Whether it is gambling or investing, luck has a little part to play in it. However, since gambling in horse racing is a logical decision making process that is aimed at making a profit in the future, we can say, it is an investment.