If you play poker and don’t consider yourself a gambler then I’m afraid it may be time to reassess. I should know – I long convinced myself that poker wasn’t gambling and clung firmly to this belief like a sailor ensconced in the crow’s nest desperately trying to ignore that the ship below is being dashed upon the rocks. This should not be read as a grand admission that poker is actually just a game of luck.

I stand by the fact that skilful players will win over time, but if you don’t appreciate and embrace the gambling nature of the game then you’ll find yourself being shipwrecked time and time again.

In stock market trading you make investments based on your assessment of the market.