Sports betting as investing

[l3pox]

Since the only way to win in sports betting, according to those who claim to be successful  is to treat it like investing, I think that idea actually makes sense.

For me, the idea of treating sports betting as an investment doesn't make any sense because they are not similar in modality. You are gambling in sports betting. There is no way gambling can be likened to investing. Perhaps, they wanted to say they take sports betting seriously.

What mindset or approach do you use to treat it seriously, like you're managing a portfolio?

Yeah, the right management is a good one. Having a good gambling pattern and plan that is void of irregular betting and emotion is part of taking it seriously.

it really depends if you gamble just to have fun or if you approach it as a way to make money and take it seriously tracking with precision everything you do and managing risk
it could have things that are similar but many things are different too

what are your best lessons to manage risk and where do you think it's similar and where it's different?

[Finestream]

Those that take sport betting as investment are already addicted to gamble to some level and for sure they definitely will be running at lose all the time, but making such assumptions that it an investment based on the little winnings their see some times, but in the end they are not making any head way to be considered as an investment, sport betting is gambling and lack the elements of an investment, let not get things twisted over here man.

We know winning is not impossible, but I don't believe that making them a profitable investment is feasible. They are just hiding the truth and pretending they are earning well while still suffering losses. We can't change how gambling is meant to be. It is for entertainment and pleasure, not an investment.

We don't need to force ourselves to believe that it could because we know losing is really going to happen. It was difficult to change someone's views about it, but I hope they will realize that it was wrong. Taking this seriously will make you addicted.

[Russlenat]

We don't need to force ourselves to believe that it could because we know losing is really going to happen. It was difficult to change someone's views about it, but I hope they will realize that it was wrong. Taking this seriously will make you addicted.

Every gambler has their own approach and naturally, that leads to different results.
It’s true that gambling isn’t advisable for most people, especially when we consider the reality that the majority end up losing money.

however, this topic might be more relatable to those who are already deep into the journey and have seen some profitable results. I get it if others can’t relate especially if they’re still not seeing success.... Everyone’s path in gambling is different, and that’s just how it is.

[Odusko]

Gambling is not investments, and since there is inconsistency in gambling results that make gambling to be totally different from investment despite that gambling gives profits same as business and other way of investment, but that is not enough to say that sport betting can and should be taken as an investment, the outcome of that will be severely dangerous to the gambler.

[stadus]

Gambling is not investments, and since there is inconsistency in gambling results that make gambling to be totally different from investment despite that gambling gives profits same as business and other way of investment, but that is not enough to say that sport betting can and should be taken as an investment, the outcome of that will be severely dangerous to the gambler.

So you’re saying no form of gambling can ever be considered an investment?

This topic raised by OP is actually well-known among serious sports bettors, those who are trying to elevate their betting into something more structured. The fact that it's even called “sports investing” shows that some people are taking it seriously and treating it realistically. That tells you there’s a method and a system involved, not just random luck.

But of course, for those who already made up their minds and shut the door on this idea, then yeah, maybe this topic isn't for them.

[Odusko]

So you’re saying no form of gambling can ever be considered an investment?

This topic raised by OP is actually well-known among serious sports bettors, those who are trying to elevate their betting into something more structured. The fact that it's even called “sports investing” shows that some people are taking it seriously and treating it realistically. That tells you there’s a method and a system involved, not just random luck.

But of course, for those who already made up their minds and shut the door on this idea, then yeah, maybe this topic isn't for them.

I don't want to believe that we have some that engage in sport betting investment, because this doesn't make any sense to me, how can someone that is in their right Sense take sport betting at an investment, this is a dead trap id you may ask me, and I am sure that, there is no consistency in the profits making process, and the ratio of loses recorded will be greatly above the amount of winning in the end, so the loses will definitely deray the investment approach and concept in gambling.

[passwordnow]

I've been sports betting for sometime and it had never crossed my mind that this is a kind of investment to me. Maybe for some it is when they get some drops from stake and depending on the level of their accounts so, that's the kind of investment for them and they receive some rewards. But before reaching to that level, they have spent a lot of money to bet for several sports that they have been following. To me, it differs per gambler if that's an investment to them but for me, it's not applicable to say that sports betting is an investment because it's never been to me.

[Mahiyammahi]

Since the only way to win in sports betting, according to those who claim to be successful  is to treat it like investing, I think that idea actually makes sense. So for our fellow sports bettors here, I’d like to throw this question based on your personal understanding:

Your topic is very interesting. Most gamblers gamble for fun or to make some short-term profit. They want to earn a lot in a short time. Because of which they cannot keep their mind set right and end up losing at the end of the day.

How do you turn sports betting into something like investing?

In this case, you have to compare yourself like an investor. You have to think of your budget as a fund for betting. Just as investors do investment management, similarly we have to invest or bet by managing our risk in every bet. No bet can be taken based on emotions. And maybe we can lose many times but we will not get any results immediately. It is a long process.

What mindset or approach do you use to treat it seriously, like you're managing a portfolio?

I organize my fund separately for each bet, for example, I diversify my fund for different leagues, market type bets, casinos, live games, etc. Then I see how much profit I am getting from which bet, I try to get the maximum result from the one that I am getting good results from. Although it does not happen overnight, it takes a lot of time. Usually I do this when I am batting, but I try to stay away from beting.

[sompitonov]

I've been sports betting for sometime and it had never crossed my mind that this is a kind of investment to me. Maybe for some it is when they get some drops from stake and depending on the level of their accounts so, that's the kind of investment for them and they receive some rewards. But before reaching to that level, they have spent a lot of money to bet for several sports that they have been following. To me, it differs per gambler if that's an investment to them but for me, it's not applicable to say that sports betting is an investment because it's never been to me.

I only manage to lose more than I win on bets, so I can’t call it an investment for myself, although there may be players who think so and they really do it, these are professionals. Such players have a high account level for which they can receive rakeback, as you said. But if we play poorly, then in order to make a large volume on the account, we can lose several times more.

[laijsica]

Before joining the forum, when I was a student and went to the stadium to watch games with my friends, there was no tendency to lose money and there was no need to bet for profit because the bets that were made among ourselves at that time were mainly for entertainment. The initial stages of gambling joyful us in such a way, but when gambling becomes for earning money, it reduces the amount of entertainment you get and seriously considers earning money as a mandatory way.

While working, I consider sports betting as a source of entertainment along with income. It keeps me alive as well as providing me with sufficient peace of mind because I do not only lose in betting but also win significantly which is consistent with getting entertainment.

[Fredomago]

Gambling is not investments, and since there is inconsistency in gambling results that make gambling to be totally different from investment despite that gambling gives profits same as business and other way of investment, but that is not enough to say that sport betting can and should be taken as an investment, the outcome of that will be severely dangerous to the gambler.

Different perspectives from different people though it's tough to treat gambling as investment as most of the time losing is the outcome, people who treat gambling as invesment who already gained enough experienced they can take it and continue thinking that way, while for most, gambling is simply a entertainment and most of the outcome is losing,.

[danherbias07]

I've been sports betting for sometime and it had never crossed my mind that this is a kind of investment to me. Maybe for some it is when they get some drops from stake and depending on the level of their accounts so, that's the kind of investment for them and they receive some rewards. But before reaching to that level, they have spent a lot of money to bet for several sports that they have been following. To me, it differs per gambler if that's an investment to them but for me, it's not applicable to say that sports betting is an investment because it's never been to me.

Well, it depends on each gambler. There are those who really make sports betting an investment because they will put all their efforts into winning each bet they make. They are not the "fan" type, and they will try to increase their winning chance as much as possible.

It's an investment for them. They will put a capital that will try to increase in the long run, although it's going to be a tough path. There's no assurance in sports betting, and in fact, in every bet that we make, so it needs deep analysis if you really want to win a bet.

[Oluwa-btc]

I pity for those gamblers who feel that sport betting is investing because they will find themselves at the wrong side of their dreams. Gambling can never be used as an investment because it's a game of luck and your success will depend on luck. There's no guarantee that if you put in $1000 into gambling in the next year, you will make profits from that money but losses is guaranteed.

There's no way that you will be profitable in the long run because as long as you are gambling, you will definitely lose all you have and end up in addiction. Double losses, you lost your money and your reasoning faculty.

Some gamblers and people generally can be so dramatic to the extent of believing that Sports betting is an investment.On a second thought, what sustainable and reliable relationship does sports betting have with investment,the connection between this two will eventually end in the trash, it's so risky and cannot be guaranteed as an investment.

[l3pox]

Gambling is not investments, and since there is inconsistency in gambling results that make gambling to be totally different from investment despite that gambling gives profits same as business and other way of investment, but that is not enough to say that sport betting can and should be taken as an investment, the outcome of that will be severely dangerous to the gambler.

that's why I say that gambling has more things that looks like trading than to investing
you can make money
you have to risk to be able to earn
you have to manage your risk or you can lose
you can lose it all if you're not careful
compounding act as a force that will help you in the long run

these are some of the things to keep in mind and notice

[Nahl]

I have been involved to sport betting for years but i never consider this game as investment instrument it because gambling is different compared to investment and in my opinion investment should be have potention to grow for certain time but sport betting is different because this is gambling although sometimes i won with decent amount of money but gambling is depend on our luck and uncertain besides that gambling is risky than putting your money on investment tool because people can lost all of their money anytime

[GIF-JOBS]

I have been involved to sport betting for years but i never consider this game as investment instrument it because gambling is different compared to investment and in my opinion investment should be have potention to grow for certain time but sport betting is different because this is gambling although sometimes i won with decent amount of money but gambling is depend on our luck and uncertain besides that gambling is risky than putting your money on investment tool because people can lost all of their money anytime

This is the kind of perspective that should be maintained in gambling, but a sad thing is that most gamblers today cannot follow these things properly, people's self-control is very weak, they easily lose their self-control, they make decisions emotionally and greedily, but the results of such activities will only lead you to negative directions. I would undoubtedly call you a responsible gambler, but most gamblers cannot think realistically like this, and this is the only reason for their gambling addiction.

[Akbarkoe]

We cannot equate sports betting with investment because they are two different things. Gambling and betting are about fun, while investment is about how we can make a profit.

Indeed, both sports betting and investment involve careful analysis. However, when talking about the final result, the final result of betting is more speculative, the final result of sports betting is greatly influenced by things that cannot be controlled and predicted, while when talking about investment it is more analytical and based on clearer data so that the results can be ascertained.

But apart from all that, both sports betting and investment require discipline and good risk management in order to achieve the desired results.

[rachael9385]

I pity for those gamblers who feel that sport betting is investing because they will find themselves at the wrong side of their dreams. Gambling can never be used as an investment because it's a game of luck and your success will depend on luck. There's no guarantee that if you put in $1000 into gambling in the next year, you will make profits from that money but losses is guaranteed.

There's no way that you will be profitable in the long run because as long as you are gambling, you will definitely lose all you have and end up in addiction. Double losses, you lost your money and your reasoning faculty.

Fixing your mind on making profit would only bring about more losses, gambling is a game of probability and you can't hope to make a living out of it. There are people that have this delusion of making money from gambling or becoming financially stable.  No matter how safe you think you try to play it there's always going to be risks involved. Gambling cannot be an investment because it's more of something you spend on

[LUCKMCFLY]

We should not confuse both activities, investment is generally taking money for something safer, gambling or sports betting are much more volatile and cannot be said to be an investment, I would say that it is allocating a budget to bet and see if I multiply it or lose it, that term is better than saying that it is an investment despite the fact that only sports betting is much more workable to apply more analysis that can give good results.

[l3pox]

We should not confuse both activities, investment is generally taking money for something safer, gambling or sports betting are much more volatile and cannot be said to be an investment, I would say that it is allocating a budget to bet and see if I multiply it or lose it, that term is better than saying that it is an investment despite the fact that only sports betting is much more workable to apply more analysis that can give good results.

so how do you call investing in memecoins? gambling?
investment is not only flight to safety, it could be exposing your money to what looks like a more risky opportunity and having the chance to make more money if you are correct, I'd define it a bit more as "putting your monetary energy to use, taking a veried degree of risk usually hoping to make more money in the future"

of course results will vary a lot