Sports betting as investing

[Russlenat]

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:

How do you turn sports betting into something like investing?

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

[Ruttoshi]

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.

[KiaKia]

With investment in mind you surely want to make something back, but in gambling it is not the same, because gambling is likely liken throwing money out of your window meaning something might not come back in return.

Here is my answer, I will never treat any form of gambling or betting as an investment because there is a higher chance of not getting anything in return, you are even putting your life in jeopardy.

In gambling you don't dream, you risk what you can afford to lose and enjoy the sport games instead, don't dare build your whole life around gambling, you will waste your time away with full of regrets in the end.

[Dr.Bitcoin_Strange]

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:

How do you turn sports betting into something like investing?

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

The only way to win in sports betting is not by treating it as an investment, who ever says that is wrong, there's no facts backing up such claims.
There are sports lovers who have so much knowledge about sports events and records and they know every sports details like ABC, they try their best to make informed prediction and they win regularly, not always tho, but they don't take sports betting as an investment and yet they win, so who is claiming that only those that took betting as an investment wins? That's not correct.

(To your question), If you want to turn sports betting to an investment, it's your choice but you need to know that betting is a game of luck and hardly to be profitable on the long run.

[crwth]

I see this as something that is regulated in a way that allows you to know the percentage you are willing to bet, depending on the probability of winning a particular match. If it's a sure win or not, then adjust the rate of your capital accordingly.

I think being careful with decisions and ensuring that you approach them correctly is the way and how you would define "investment" at least.

[purple_sparkles]

Why not? Investments also come with varying levels of risk — some low, some high. If someone enjoys following sports matches and competitions, analyzing games, then it's quite reasonable to view betting as a form of investment. The idea is essentially the same: a bet might lose, just like an investment might fail. But if everything works out, it's wise to have a strategy for how to further grow your winnings.

[Text]

For me it starts with discipline and data. I don’t place bets based on gut feelings or emotions. I track historical performance, study odds movement and try to find value.

I also approach it with a bankroll management strategy. I only risk a small percentage of my bankroll on each bet so I'm not overexposed to any single outcome.

[_act_]

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:

Who tell you that? It is a big lie. The person only wants you to waste money on gamble and regret, but that may not be the person's intention. Just tell the person to show you with evidence about how he did it.

How do you turn sports betting into something like investing?

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

I do not treat gambling seriously at all. I use small amount of money for it. Using high amount of money for it will only lead to losses.

[michellee]

Sports betting is not investment. You should know that sports betting or casino games is gambling. We can not say that is investment because investment should give us profit while when you gambling, you may lose all of your money.

I never treat gambling as investment because that is different. If I gambling, I need to spend some amount and just play. If I lose, that is my risks and I can not take my money back easily.

You need to change your mindset if you think sports betting is investing. You can not take serious with gambling because there is no guarantee you can always win.

[Perfectbaby]

Sorry to say, I have never came across a post that talks about treating gambling as a form of investment or investing, in fact it would be a shameful thing for someone to take gambling as investments knowing that investment is worth more than gambling. I can invest in bitcoin with xx amount and at the ends of this bull run I might decided to pull off my investment and have my capital and my profits on my hands, whereas, if I should use xx amount to bet on some games and I am not sure of the outcome what could be my fate of taking my bet as an investing?

My dear! the possibility is still zero or one, because I am not sure of the outcome and we shouldn't for any day or any reason takes gambling as an investing rather than taking it as fun game or a game to ease one's stress. Maybe as people do says; taking it to while away time than taking it as investing.

Back to your question? I do take gambling as a place of having fun, and that fun must be on amount I can afford to lose and not a place of seeing it as investment. Although others may sees it as investment if they are constantly making winning from it, but for those who aren't that winning constantly may take as a place to have fun just as I does.

[iv4n]

How do you turn sports betting into something like investing?

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

Take some money and use it only for sports betting... I guess you can start with any amount, and you can place bets between 1-5% if you wish to play it safe, or 10% and over if you prefer a riskier approach.

Now, when you have a bankroll, you need to start searching for good games... don't overbet, focus on a few games per week, if you can of course. Try to keep track of your bets, overall profit/loss, and there you go, you are ready to turn your sports betting into a more serious story.

And remember, no matter how perfectly you do everything, there is always a luck factor. Without it, there is no success in the short run, and especially in the long run. And you will only find out how lucky you are if you dare to try...

[ultrloa]

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:

How do you turn sports betting into something like investing?

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

Those thinking is just like they are conditioning their self to think that way so that they would have discipline the way how they handle their bets.  If this is what they are trying to pull then I'm really with with it since somehow its really useful to have something to follow that can help us not to exceed or do anything abusive the way how we deal with our bets.

But for me I just want to enjoy betting on sports and I only bet when if there's a chance that I watch the game live. If not I pass it on since I don't want to bet on sports that I don't watch since it doesn't give me excitement at all to engage on this situation.

[Altryist]

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:

How do you turn sports betting into something like investing?

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

It's impossible. Investing is something completely different, you buy assets mostly for the long term, meaning you put your money in and forget about it for a long time. You invest in an asset you believe will bring you profit. I do not know how this could be applied to gambling. You simply cannot compare betting and investing. First of all, betting for me is something short term. I will not place a bet and wait a year or more for it to work out, while in investing this is a normal thing for me. Secondly, investing for me is not a risky deal. I only buy assets I am confident in, while betting is a high risk activity and when I place a bet, I accept the fact that I might lose what I wagered.

[verdinio]

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:

How do you turn sports betting into something like investing?

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

you can't treat sports betting as an investment, that would be stupid, but you can study to make winning easier and try to maximize your chances of winning, it's not easy but you can do it, sports betting is called that for an obvious reason, it takes study and commitment

[swogerino]

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:

How do you turn sports betting into something like investing?

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

Well as long as you are trying to look sport betting as investing this means that you need to be careful as investors are careful. If I were to look into it as investing which based on this thread I am going to revive an old experiment I did, I am going to find 4 events with odds 1.15 or lower each and combine them in the same parlay. I will try this for a few days and hopefully if it is successful don't forget to share the betslip photos in here. The only problem is that there are only few events during the summer and what you want is to try this during the official season, September to June and see if it is effective. I don't see any other way except this to look sport betting like I look investing.

[Oshosondy]

If I were to look into it as investing which based on this thread I am going to revive an old experiment I did, I am going to find 4 events with odds 1.15 or lower each and combine them in the same parlay.

Do you not think it is good not to consider betting as an investment? It is better not to see it as an investment to avoid unwanted losses. Odds of 1.15 on four games is too small for me. There is high chance that they can be won but not all the time and the bet in long term will still not favour the betting site instead because just a single match bet loss is a huge blow on the bettor.

The only problem is that there are only few events during the summer and what you want is to try this during the official season, September to June and see if it is effective. I don't see any other way except this to look sport betting like I look investing.

There are still many matches if you check live score sites. I noticed most people just like those top big leagues only but there are average leagues which are not small leagues and they have not ended the season. Even some started not long ago. There are matches all over the days of the year.

[Kelward]

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.

Seeing gambling as an investment is a wrong business plan because before you go into an investment you will first consider the potentials of making profit. In gambling chances of losing is greater than that of winning so seeing it as a profitable investment is a wrong business mindset.  Never put your money into something that it takes luck to make profit because you can finish all your money without being lucky enough to be profitable. Many people that gambles for fun wasn't really because they want to when they started out but when they realized that winning is by luck they changed their strategy to having fun in gambling and take wins when it comes.

[Gozie51]

How do you turn sports betting into something like investing?

The only way I see that some people compare both or treat gambling like investment is when they restrict themselves to gamble as they can afford to lose but in true saying investment is apart from gambling which is base on how lucky you can be. Investment is a targeted goal whose realization in percentage is higher than the expected winning in gambling. Like there are some investment that you already know your profit margin which must be realized if you are able to invest money into it but gambling chances to fail are higher. So it is erroneous to think that gambling is going to be treated like investment. As always, there is the house edge that has to profit first or more than the gambler but that is absent in investment where percentage is already known and shared according to invested monetary interest or consideration.

[Cointxz]

How do you turn sports betting into something like investing?

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

I believe the majority of users that has +EV on sports betting on gambling are those using method such as arbitrage and value bets on their bets.

Only few that actually making a solid profit in the long run with sheer skills and luck since it’s very hard to maintain that due to house edge even if sport betting can be influenced by skills.

I believe those who have successful run on sports betting has good analysis skills and put a lot of preparation time for analysis in able to win. Same on investment that needs feasibility studies I think they apply same mindset of preparation on their bets. They focus on auality rather than quantity.

[Cityhunter34]

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:

How do you turn sports betting into something like investing?

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

That is the problem most gamblers are surfering today in gambling. Because I wonder why someone would have such thought about gambling, noing fully well that luck plays a significant role in determining the outcome. However, sometimes we are the cause of many losses and addiction in gambling because anybody that understand gambling very well would never in any way take gambling as an investment. Because there is no guarantee that said when someone gamble with big amount that he will double it in return.