Should I start betting on sports?

[XijipingQ]

I don't think the right way to make money is through betting. Why not learn a skill and sell value. Why not learn how to invest and trade cryptocurrency.

[Sophiya]

I think that you can spend money on bets that you don't mind throwing out the window with ease.  You must be ready to lose everything that you bet, because this is a very risky undertaking and in this area you need to be an expert in order to earn something.

[NaramediaID]

I think it's not an easy thing.
Although it promises high profits, it also comes with high risks

[KillBalls2]

I need to start making money. I go to school. I want to make money and go on a vacation trip with the class. Should I start betting on sports?

Sports betting is good there's skill involved in betting sports.

[Ucy]

I think that you can spend money on bets that you don't mind throwing out the window with ease.  You must be ready to lose everything that you bet, because this is a very risky undertaking and in this area you need to be an expert in order to earn something.

What actually makes it very risky (aka gamble) is the amount of money or resources a bettor is betting with. If you bet with amount you can't afford to risk then you are taking big risk or you are gambling.
A skilled/talented bettor who is consistently profitable would be taking less risk if he's betting with amount he will likely win than unskilled/untalented bettor betting with thesame amount even if both bettors have thesame amount of money their entire bank savings .

[peter0425]

If you're good at making predictions then sure go ahead, there people that you can also pay to make predictions for you but if they're wrong you'll have to pay.

You can take those predictions by those people but they are not good most of the time. If you happen to have a wrong absorption of those predictions, you'll have someone to blame.

But if it's only you that picks and then you've got it wrong, you won't feel that bad.

Yes i agree, Taking predictions of others only if you don't trust your instincts more than others, It's much better to learn trading than sports betting.

I'll have to say you're saying the truth, he can waste his time predicting sports matches or he can learn technical analysis and do trading.

But if he can spend the funds with risk and knowledge then why not?

we have told him from the start but it seems like he is not willing to hear our advices ,.

[KillBalls2]

If you're good at making predictions then sure go ahead, there people that you can also pay to make predictions for you but if they're wrong you'll have to pay.

You can take those predictions by those people but they are not good most of the time. If you happen to have a wrong absorption of those predictions, you'll have someone to blame.

But if it's only you that picks and then you've got it wrong, you won't feel that bad.

Yes i agree, Taking predictions of others only if you don't trust your instincts more than others, It's much better to learn trading than sports betting.

I'll have to say you're saying the truth, he can waste his time predicting sports matches or he can learn technical analysis and do trading.

But if he can spend the funds with risk and knowledge then why not?

we have told him from the start but it seems like he is not willing to hear our advices ,.

How do you know he's not taking your advices i don't see him saying that?

[Jazzi Mahesh]

Instead of Betting on Sports, you must go for Forex Trading, though it is risky, it would also be much more rewarding, once you have your hold on it.

[Chato1977]

How do you know he's not taking your advices i don't see him saying that?

Maybe because He find OP had only created this thread and never come back to check the topic




or else this is your Alt account that's why you are reacting like this?

[peter0425]

If you're good at making predictions then sure go ahead, there people that you can also pay to make predictions for you but if they're wrong you'll have to pay.

You can take those predictions by those people but they are not good most of the time. If you happen to have a wrong absorption of those predictions, you'll have someone to blame.

But if it's only you that picks and then you've got it wrong, you won't feel that bad.

Yes i agree, Taking predictions of others only if you don't trust your instincts more than others, It's much better to learn trading than sports betting.

I'll have to say you're saying the truth, he can waste his time predicting sports matches or he can learn technical analysis and do trading.

But if he can spend the funds with risk and knowledge then why not?

we have told him from the start but it seems like he is not willing to hear our advices ,.

How do you know he's not taking your advices i don't see him saying that?

There is no need to see Him saying before believing that he is not listening because we have been advising Him for months now but have he even care posting again? NO instead he denies after asking.

Instead of Betting on Sports, you must go for Forex Trading, though it is risky, it would also be much more rewarding, once you have your hold on it.

Lol Forex? why need to go further when he can at least choose crypto instead.

[BIN-BIN]

Betting with an expectation can lead to addiction and depression. Gambling should be done for fun, and not as a business. I will advise you to invest in tangible goods that have stable prices with the tendency of rising prices. This was you can plan to have a vacation in the future.

[Mauser]

A few weeks ago before the EM 2020 I said on the thread that you can try to go into sports betting during these large tournaments because there are some high favourite teams that will guarantee a good payout. Unfortunately I was wrong, this year EM was a disaster for me. I lost my last 6 bets in a row and blew a lot of money. In the end it would have been better to not gamble at all. So many games went into overtime and penalty shootout that either team could have won.

[boyptc]

Betting with an expectation can lead to addiction and depression. Gambling should be done for fun, and not as a business. I will advise you to invest in tangible goods that have stable prices with the tendency of rising prices. This was you can plan to have a vacation in the future.

Well, it's real that there's business in gambling and if those people have been earning real money on it, we cannot stop them from doing so.

But I agree that one should expect the possibilities that he might get in as he tries to make gambling as a source.

[esref]

I've seen more losers than winners. It's your choice.

[boyptc]

I've seen more losers than winners. It's your choice.

That's gambling and it's normal to see that. But there are also those days that you see more winners but for specific matches and you'll never know how much the losses have been incurred by the house.

Personally, I consider it's too risky.

Risky as a source and the same as investments, there's also a risk but sports betting isn't a type of investment that others have been misinformed from doing so.

[Mauser]

I've seen more losers than winners. It's your choice.

If you have in edge in a sport and know something that most of the other people don't know, then you could try and profit of it. Without any special knowledge I wouldn't recommend going into sports betting. There are professionals who make a living of sports betting but these guys spend a lot of time to stay up to date to all news about their favourite sport. If we only bet because we heard that there can be made money with it, we will likely lose or just break even. And in the end the only one really profiting is the bookmaker.

[Ucy]

A few weeks ago before the EM 2020 I said on the thread that you can try to go into sports betting during these large tournaments because there are some high favourite teams that will guarantee a good payout. Unfortunately I was wrong, this year EM was a disaster for me. I lost my last 6 bets in a row and blew a lot of money. In the end it would have been better to not gamble at all. So many games went into overtime and penalty shootout that either team could have won.

Interesting.
It is never good to gamble or take big risk. If you wish to learn how to bet correctly & profitablly, You should bet with little to no risk until you become consistently profitable.
You should never gamble while betting. Always limit risk and practice safe bet while learning to predict correctly. Once you become consistent in predicting matches correctly, you could increase your betting fund to a safe level.
If you end up failing at predicting matches, it's probably not your talent. You should look for something else you are talented in to earn you sustainable income

[Degens]

This is probably not your typical response.

I would say, if you put away money to risk (lose), and if you have a sports betting SYSTEM for a particular sports, AND u have a decent money management betting system/risk mitigation system...then YES you should bet.  It's far more efficient than to get a part time job while you attend college as classes and tests and reports takes most of your time anyway.

But it does take TIME, and a lot of TIME to build a sports betting system from scratch.

For example: I personally have an NHL system I developed using old data for the past 8 years.  Last season was the first test using real cash and it's a success.  But i haven't made a CRAP ton of money yet since it was just in the testing phase.  Next season (starting this oct) will be the REAL test as I will be using "real" cash and laying it on the line.

So as you can see...it takes a season or two to test your system, which takes time that you aint getting back, so this might not be right for you. But if you got a system that you believe in and it proves to be at least DECENT, it's worth to do some system building and plan for the long term.  If a system works well enough...then you can pull in some good, decent cash (hopefully every season), and it'll help you build some cash during college.

So...TLDR:
1) Pick a sport that you at least like to watch and analyze.
2) System Build, analyze, do statistics on excel, over and over and over again. Back test, Back Test, BACK TEST!  At least 6-10 years (seasons) worth of back tests.  I get my data from the NHL website.  You can easily do the same from Google and the sporst leagues main website.
3) When you are ready to "test" you system, do it with play money, say at least $100 to $1000. something that won't ruin you, but will still get your blood and emotions pumping.  This is important because even if you did 20 years worth of back tests...when real money is on the line...it does EFFECT you.  You need to practice to get desensitized with gambling.

Good luck with anything you do!

[bitterguy28]

I've seen more losers than winners. It's your choice.

it is scary to know that People are tending to gamble when they badly needed funds and that is so much desperation .

Why need to risk more when the reality is that gambling is a 10% chance of winning and 90% or more of losing.

[Phanditha Echevarria]

Betting is just a gamble on luck. Don't waste your life-saving money.