"Americans Spend More Money Betting On Sports Than Investing In Stocks"

[Dewi Aries]

Investing assumes that you are willing to wait several years for a profit. Investing in government bonds doesn't really yield much when you take inflation into account. Investing in stocks is riskier than investing in government bonds, but you can make good money. Cryptocurrencies are super risky investments that can bring very good money. But no one ever gives any guarantees, besides, all risks are borne only by the investor. I think many people choose gambling because they do not want to understand all this and are not ready to invest for such a long period. In addition, they see gambling not as entertainment, but as an opportunity to make a quick buck. But we know that they are mistaken.

Exactly, it means that everything that looks profitable or more profitable will always be directly proportional to the risk, especially in the type of cryptocurrency investment, so it all comes back to our readiness in terms of accepting any risk with full awareness because as you said that all risks are borne by ourselves as investors.

And as you believe, which I also agree with that because of all the complexities, that's why some or maybe even the majority of them prefer to divert their attention to gambling, it doesn't mean that gambling is risky, but the complexity and patience that someone must have when they choose an investment is one of the biggest reasons for them to prefer gambling where they just sit back, watch, guess and press buttons, and in fact, of course, in the long run, gambling will be much riskier, because when you spend 4-5 years to be patient in investing, then maybe you will get the profit you expect, but if we talk about gambling, it's clearly the opposite, because after all the bookies will always be the real winners.

[Distinctin]

And as you believe, which I also agree with that because of all the complexities, that's why some or maybe even the majority of them prefer to divert their attention to gambling, it doesn't mean that gambling is risky, but the complexity and patience that someone must have when they choose an investment is one of the biggest reasons for them to prefer gambling where they just sit back, watch, guess and press buttons, and in fact, of course, in the long run, gambling will be much riskier, because when you spend 4-5 years to be patient in investing, then maybe you will get the profit you expect, but if we talk about gambling, it's clearly the opposite, because after all the bookies will always be the real winners.

That still can't be compared to investing. I think what we're really comparing here is that Americans love to have fun more than focusing on growing their money. I used the word "fun" because gambling is seen as entertainment, and its typical emphasis is on spending, which fits the definition of gambling.

Americans are working in a country with a strong economy, so most are probably satisfied with what they earn. When they gamble, they don't see it as another source of income but rather as a way to entertain themselves and maybe try their luck at hitting big money.

[Solosanz]

Both can make one rich on then long term but then investing is much more advicible. The reason why most people fails to see how investment is better is because the want to make a quick profit and enjoy their fortunes. Building wealth takes time and experience. It doesn't actually matter how you do it, but if you are able to build your wealth, you become a master at what you do. I've heard of lot of people who made it through gambling and some others who got ruin because of gambling. Investment also has its own risk that why you have to find what best works for you., you don have to follow the crowd

It's a bullshit to think gambling will make one rich in long term, your post remind me with a thread where it discuss to treat gambling like an investment, hell no. This is similar like Freebitco golden ticket to win Lambo, the winner doesn't mean he earn, instead if he spent more to bought golden ticket than the Lambo, he's in loss.

Investment has it's own risk, but it doesn't have a system to make you're in disadvantages.

[retreat]

It is not surprising since we can see how easy gambling access is in America and it makes more people gamble than investing because it is easier and faster for them to access. It also offers a chance for someone to change their life overnight, even when the chances are small and the results are much faster, compared to hoping for investment in stocks. Things like that are strong reasons why many people put their hopes in betting on sports in order to get rewards that they can use to meet their needs or other things in the midst of a difficult economy.

[danherbias07]

It is not surprising since we can see how easy gambling access is in America and it makes more people gamble than investing because it is easier and faster for them to access. It also offers a chance for someone to change their life overnight, even when the chances are small and the results are much faster, compared to hoping for investment in stocks. Things like that are strong reasons why many people put their hopes in betting on sports in order to get rewards that they can use to meet their needs or other things in the midst of a difficult economy.

But that's not how it works. It cannot change the life of one human being overnight because the system is made to make us lose.
We may win in the short run but in the long run, we are all on the same page and that means we are going to lose. Accepting this reality will mean everything to us because we know that nothing can be solved by gambling.
It's wrong to say Americans spend more money than we do because once we convert our local currency to USD, we will know that we spend more than them.

[KTChampions]

I have not invested on any stock before but I have gambled thousands of times. Although, my reason of not investing in stock is because I prefer bitcoin. But investing in stock has not even come my mind before. I guess most people are just like me. I think people are more exposed to gambling than stocks. But because I am gambling, that does not means I am wasting money on gambling and that does not also mean that I do not have a good business plan.

It seems to me that the article incorrectly takes into account the volumes. If a gambler lost $100 while betting $10,000, then they probably think that he "invested" $10,000 in gambling. Otherwise, it is quite difficult for me to believe in the relevance of the data. At least in developed countries, the population actively invests in the stock market and in my opinion these volumes should be greater than the expenses on gambling.
And personally, I also spent a lot on gambling and never spent on the stock market - in my country it is a scam, so I prefer crypto.

[erep]

But that's not how it works. It cannot change the life of one human being overnight because the system is made to make us lose.
We may win in the short run but in the long run, we are all on the same page and that means we are going to lose. Accepting this reality will mean everything to us because we know that nothing can be solved by gambling.

They misunderstand the theory of gambling by assuming that gambling can change lives overnight to become millionaires, many gamblers out there still believe this to become millionaires overnight without thinking about the risks that can worsen financial management, they do not know the gambling system or algorithm can easily affect gamblers if they do not have good financial management knowledge will gamble with full risk.

I am not surprised that the fact that Americans are more involved in gambling because the dominant area of ​​casino heaven is listed as the largest in the world, so a lot of the country’s population is involved in gambling.

[LogitechMouse]

It is not surprising since we can see how easy gambling access is in America and it makes more people gamble than investing because it is easier and faster for them to access. It also offers a chance for someone to change their life overnight, even when the chances are small and the results are much faster, compared to hoping for investment in stocks. Things like that are strong reasons why many people put their hopes in betting on sports in order to get rewards that they can use to meet their needs or other things in the midst of a difficult economy.

Yep it gives them a chance to change their lives overnight and that's the problem.
They are living on a mindset where they believe themselves that putting their money into gambling would be beneficial for them instead of putting it on an investment.

As for access, it's true that it's easy to access both physical and online casino right now, but I don't believe that there's a problem accessing with these brokers as well. The problem with them is that, they always want to YOLO, and their patience is just short. No surprise since studies shown already that an average person has very short attention-span than the people a few years ago, and because of this, they can't afford to wait hence, they're YOLO'ing their money and instead of going to a more conservative route, they prefer the aggressive, risky one which is gambling.

Kind of unfortunate but like what I always say, people will not learn unless they will experience it themselves.

[iBaba]

It's a bullshit to think gambling will make one rich in long term, your post remind me with a thread where it discuss to treat gambling like an investment, hell no. This is similar like Freebitco golden ticket to win Lambo, the winner doesn't mean he earn, instead if he spent more to bought golden ticket than the Lambo, he's in loss.

Investment has it's own risk, but it doesn't have a system to make you're in disadvantages.

I hope people can soon get to understand the differences between gambling and investments, being it physical investments or digital investments. this kind of thought is among reasons why people put in all their funds in gambling thinking it's investing. The standard should be. Don't bet what you cannot afford to lose. No matter how sure you are in any gambling game, do not allow your emotions to lead you astray by allowing you to stake an amount of money that you cannot let go. My standard is this. Out of all that I earn, I can only bet around 1% of it into a gamble and that's the risk I'm ready to take for the gambling game. I don't by the idea of trying to invest your money into gambling with emotions hoping that God will be on your side for taking such huge risk.

Ive seen people who import God's sympathy into their gambling decisions thinking that God must be with them to succeed. While God doesn't hate you for who you are, it was never in support of God to make such gullible decisions thereby you should not seek for his sympathy and expect to be rescued. Again, gambling is not a do or die affair and if you don't gamble, no one on the surface of the earth will hold you ransom of your decisions.

[irsykes]

Both can make one rich on then long term but then investing is much more advicible. The reason why most people fails to see how investment is better is because the want to make a quick profit and enjoy their fortunes. Building wealth takes time and experience. It doesn't actually matter how you do it, but if you are able to build your wealth, you become a master at what you do. I've heard of lot of people who made it through gambling and some others who got ruin because of gambling. Investment also has its own risk that why you have to find what best works for you., you don have to follow the crowd

It's a bullshit to think gambling will make one rich in long term, your post remind me with a thread where it discuss to treat gambling like an investment, hell no. This is similar like Freebitco golden ticket to win Lambo, the winner doesn't mean he earn, instead if he spent more to bought golden ticket than the Lambo, he's in loss.

Investment has it's own risk, but it doesn't have a system to make you're in disadvantages.

true, it is very difficult if want to change your life to be rich through gambling. because such concepts are rarely applied by gamblers. what I think is that wanting to change your life to be rich through gambling might only result in losing money because the target effect that exceeds the miracle is not controlled overnight. we only plan and luck is different, that path is luck.

[darkangel11]

It's not a surprise. Most people are financially illiterate, so it's pretty normal that they don't invest. On the other hand, it was proven that people who held assets had more money in 10 years than those who did not. You don't have to be a trader, just buy things like land and you will get value from that. Maybe it won't be in the first 1 or 2 years, but eventually you'll see that your fiat money is slowly becoming worthless.
As for lotteries and such, poor people feel forced to make money somehow and they love hope. Buying that lottery ticket gives them something to think and be excited about.

[milewilda]

Both can make one rich on then long term but then investing is much more advicible. The reason why most people fails to see how investment is better is because the want to make a quick profit and enjoy their fortunes. Building wealth takes time and experience. It doesn't actually matter how you do it, but if you are able to build your wealth, you become a master at what you do. I've heard of lot of people who made it through gambling and some others who got ruin because of gambling. Investment also has its own risk that why you have to find what best works for you., you don have to follow the crowd

It's a bullshit to think gambling will make one rich in long term, your post remind me with a thread where it discuss to treat gambling like an investment, hell no. This is similar like Freebitco golden ticket to win Lambo, the winner doesn't mean he earn, instead if he spent more to bought golden ticket than the Lambo, he's in loss.

Investment has it's own risk, but it doesn't have a system to make you're in disadvantages.

true, it is very difficult if want to change your life to be rich through gambling. because such concepts are rarely applied by gamblers. what I think is that wanting to change your life to be rich through gambling might only result in losing money because the target effect that exceeds the miracle is not controlled overnight. we only plan and luck is different, that path is luck.

On the moment that you  already thinks about gambling as already a source of income or becoming rich then it do shows that there that too much anticipation you do have towards gambling on which you are considered to be already on addicted side of things on which we know that it can't really happen considering that gambling heavily does signifies desperation on achieving something which it's not realistic at all. Going back into the sense on buying stocks then it would really be that just normal or be having that difference in between some who had already done it or totally just that forgot it because they've been expecting something beneficial but it does really need up that work.

[Ryu_Ar1]

true, it is very difficult if want to change your life to be rich through gambling. because such concepts are rarely applied by gamblers. what I think is that wanting to change your life to be rich through gambling might only result in losing money because the target effect that exceeds the miracle is not controlled overnight. we only plan and luck is different, that path is luck.

In this condition, although the words you said are true, in the end, when gambling has become a habit that we do or by people in the environment around us, indirectly this can also be a condition where it will be very difficult for us to change habits that occur due to environmental factors that are ultimately not very profitable.

Gambling itself is always an attraction and not a few people even make gambling as something that must exist or that they must do every day which makes the condition uncontrollable.
Although there are not a few people who realize that gambling cannot be used as an option to make them change from the economy, in the end no one can resist the temptation of gambling when they have experienced the sensation.

[DiMarxist]

Irrespective of people view about stock investment and gambling might be different like seeing things differently from a specific angle can also lead to this result.
Most people don’t know about stock investment or they’re not just ready to invest meanwhile anyone can still invest and gamble at same time, the only difference here is gambling rate will always be higher than stock investment rate also the popularity that comes with gambling is just special that’s one reason people learn about gambling everyday.

[irsykes]

true, it is very difficult if want to change your life to be rich through gambling. because such concepts are rarely applied by gamblers. what I think is that wanting to change your life to be rich through gambling might only result in losing money because the target effect that exceeds the miracle is not controlled overnight. we only plan and luck is different, that path is luck.

In this condition, although the words you said are true, in the end, when gambling has become a habit that we do or by people in the environment around us, indirectly this can also be a condition where it will be very difficult for us to change habits that occur due to environmental factors that are ultimately not very profitable.

Gambling itself is always an attraction and not a few people even make gambling as something that must exist or that they must do every day which makes the condition uncontrollable.
Although there are not a few people who realize that gambling cannot be used as an option to make them change from the economy, in the end no one can resist the temptation of gambling when they have experienced the sensation.

uncontrollable and forcing themselves to want their lost possessions back by complaining unconsciously. they are in a wild yard. addicts will feel comfortable with the great sensation that wants great things to happen again and again, their pleasure will not bring them to their senses at the beginning they will continue to achieve targets like others. it is indeed difficult to return to the beginning

[Ever-young]

It is not surprising since we can see how easy gambling access is in America and it makes more people gamble than investing because it is easier and faster for them to access. It also offers a chance for someone to change their life overnight, even when the chances are small and the results are much faster, compared to hoping for investment in stocks. Things like that are strong reasons why many people put their hopes in betting on sports in order to get rewards that they can use to meet their needs or other things in the midst of a difficult economy.

Another added factor is that most people don't understand the stock market as much as they can easily learn about gambling. Gambling too, they can use as little as what ever amount they can afford to place their bet compared to the stock market, where they need an exact fixed amount before they can afford to purchase a share, and gambling also gives them the advantage of multiplying what they put inside in little time, not like stock, where they need to wait for stock value to increase before they can start making profit.

[Miles2006]

It is not surprising since we can see how easy gambling access is in America and it makes more people gamble than investing because it is easier and faster for them to access. It also offers a chance for someone to change their life overnight, even when the chances are small and the results are much faster, compared to hoping for investment in stocks. Things like that are strong reasons why many people put their hopes in betting on sports in order to get rewards that they can use to meet their needs or other things in the midst of a difficult economy.

Another added factor is that most people don't understand the stock market as much as they can easily learn about gambling. Gambling too, they can use as little as what ever amount they can afford to place their bet compared to the stock market, where they need an exact fixed amount before they can afford to purchase a share, and gambling also gives them the advantage of multiplying what they put inside in little time, not like stock, where they need to wait for stock value to increase before they can start making profit.

I think the aspect of money involved is where the problem lies, honestly investing in stock is totally different from gambling because a person must be financially stable before going into stock and at the other hand gambling starts with little money. Some people can still view stock investment as a long term investment so reasons are much, one must be very careful making choice when it comes to investment because it might come with ups and downs when a person is not financially stable, let’s just accept the fact majority of people will choose gambling always.

[Jody.Drummer]

And as you believe, which I also agree with that because of all the complexities, that's why some or maybe even the majority of them prefer to divert their attention to gambling, it doesn't mean that gambling is risky, but the complexity and patience that someone must have when they choose an investment is one of the biggest reasons for them to prefer gambling where they just sit back, watch, guess and press buttons, and in fact, of course, in the long run, gambling will be much riskier, because when you spend 4-5 years to be patient in investing, then maybe you will get the profit you expect, but if we talk about gambling, it's clearly the opposite, because after all the bookies will always be the real winners.

That still can't be compared to investing. I think what we're really comparing here is that Americans love to have fun more than focusing on growing their money. I used the word "fun" because gambling is seen as entertainment, and its typical emphasis is on spending, which fits the definition of gambling.

Americans are working in a country with a strong economy, so most are probably satisfied with what they earn. When they gamble, they don't see it as another source of income but rather as a way to entertain themselves and maybe try their luck at hitting big money.

Actually, I think gambling is indeed an entertainment and I think this game is only for rich people but the problem that occurs is poor people who are too serious in this game. But if the reality is that Americans prefer to have fun then gambling is one thing that can be done to find pleasure including those whose financial situation is unstable, because that is their own problem.
Gambling by trying their luck to get more money is one way for them to become addicted, consciously or unconsciously I think they will become addicted. Unless they really gamble just for entertainment then maybe addiction will not occur. We all have a way to entertain ourselves and gambling is one of them but it all depends on how we do it.

[Oasisman]

I think the aspect of money involved is where the problem lies, honestly investing in stock is totally different from gambling because a person must be financially stable before going into stock and at the other hand gambling starts with little money. Some people can still view stock investment as a long term investment so reasons are much, one must be very careful making choice when it comes to investment because it might come with ups and downs when a person is not financially stable, let’s just accept the fact majority of people will choose gambling always.

And another fact why people may simply choose or spend more in gambling over investment and which is why the survey results that maybe even the case even outside America, people would spend more in gambling than investing in stocks, is simply because gambling's pacing is faster and less complicated compared to stock investments that needs different approaches of analysis to understand the market to minimize the risk of losing.
Also, gambling is a form of an entertainment, so majority may surely find it more enjoyable than trading, so there's that.

[Hirose UK]

Irrespective of people view about stock investment and gambling might be different like seeing things differently from a specific angle can also lead to this result.
Most people don’t know about stock investment or they’re not just ready to invest meanwhile anyone can still invest and gamble at same time, the only difference here is gambling rate will always be higher than stock investment rate also the popularity that comes with gambling is just special that’s one reason people learn about gambling everyday.

Now that mistake that should be able to straighten out of the mindset of most people, indeed stock investment also has large risk that is the same as gambling but basically investment works in the long run and this will be like we employ money to make money.
Approach to gambling is often misinterpreted by most people, most people still consider gambling the same as investing where they will think to make money faster and they do not realize that the risk of gambling is instant.
I quite alarming people who are willing to lose large amounts of money to gamble and pursue victory, they cannot immediately realize that the risk of gambling will have very bad impact in the long run when they have mindset to gamble as place to make money.
In addition there is also mindset that considers gambling can always use money in any amount and investing must be with the use of very large amounts of money, this is also one of the reasons why gambling is far more popular than investing.