A single gamble in a liquid stock has an expected cost of 0.2%-1.0% of the notional value, due to crossing the bid-ask spread twice, which is smaller than casino margins.
So it is better in terms of expected costs if we're comparing 1 daytrade gamble with 1 casino gamble.
Those numbers shouldn't be taken at face value and should certainly not be compared. For example, here in Belgium every death at a nursing home is counted as a Corona casualty. Which increases the death by Corona massively in comparison with a country not doing that.
> For example, here in Belgium every death at a nursing home is counted as a Corona casualty. Which increases the death by Corona massively in comparison with a country not doing that.
New York City recently reclassified 3K+ deaths as “likely” due to Covid, despite none of those people having been tested. And our CDC’s guidelines state that anyone who died WITH Covid is assumed to have died FROM Covid. I would say we’re definitely not being conservative with the reporting here...
