Sports betting as investing

[Crypto Library]

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?

We must remember that gambling is not a money-generating source that we should consider or use for any investment purpose. We must not forget two things: gambling is purely for entertainment and whether it will make a profit or lose depends entirely on luck.

Now, if we come to the topic of sports betting, then stop thinking that only some people have strategy or skill behind their coincidental wins. Because this dream can only be used to stress your gambling instead of making it fun. So I would say to keep gambling just for fun, never use it as an investment and at the same time, only budget for it what you can afford to lose.

[tabas]

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?

Not that way, just as others do, as you point out. I don't treat it as an investment. If I want to invest, I'll simply find casinos that offers bankroll investing. Because if sports betting is going to be treated as investment, this is more than a roller coaster ride and someone who's doing that might find no way out in it. Results do vary but it'll be harder for someone to be consistent in it because emotions are higher when it comes to gambling than investing. Gone are the days when I've thought that to myself that gambling can be investing just like what those people thought of.

[sheenshane]

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 could be possible, but it takes time and wastes your valuable time.
If you have followed sports closely, you probably know the weaknesses and who the most valuable players are that create a stronger team likely to win.  This could give you a 45% chance of winning, which is clearly better than fighting against the house edge, where your chances of winning are very slim.

This is beneficial if you are following a sport you bet on, for example, basketball.
I'm sure most of us here are watching it and placing bets.
Investing in this might be worthwhile, but of course, it always depends on luck.

[Lida93]

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?

I consider the idea a facade.i get why some of the gamblers do think that gambling could be taken as normal invest. For example, let say you had 5 betting sessions only to win the fifth bet after losing the first 4 bets. And it be that the one win offsets your entire lose even with an additional profits.

Such scenario gives them the illusion of liking gambling to investment. Forgetting that these scenarios are rare and there are many gamblers that have never won a bet ever since they started gambling.

[TelolettOm]

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

So far, I have never thought to make my mind make gambling or betting as an investment. Hmm, it's just for fun, so only a very small percentage is used for betting. and win or lose, must be ready with the results.

While investment, of course, requires profit, but gambling, is high risk and it is not even clear whether it will be a win or loss. The point is, you personally, will never think of betting as an investment, simple.

[Russlenat]

While investment, of course, requires profit, but gambling, is high risk and it is not even clear whether it will be a win or loss. The point is, you personally, will never think of betting as an investment, simple.

If we generalize it, then sure, gambling is often seen as entertainment. But there are people who look at it differently, some view it as purely luck-based, while others believe there’s a skill component involved.

If it’s skill-based, then that changes the whole approach. With skill, there’s potential to succeed. I think that’s where the conversation should start. We have to at least consider the idea that gambling can involve skill, and build from that perspective.

[Smartvirus]

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?

I don’t know how anyone would say that, maybe I haven’t met any successful Sportsbet gambler or casino gambler at all.

Should I happen to ever treat sports betting as a form of investment, I damn sure would be expecting some profit at the end of a defined period, even if the period isn’t defined, I would be expecting profit and that’s not what you find happening very often in sports betting. In fact, loses always tend to be the end point of gamblers but you do your best to keep it at a minimum.

Treating it as an investment would make you even want to gamble more. Besides, you are out their investing, isn’t it.

[2Pizza410000BTC]

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?

In fact, gambling can never be compared to entertainment or should not be compared to gambling because in gambling, all your invested money can be exhausted at any time. And gambling is based on luck and there is a possibility of losing everything in a very short time, but I do not think it is reasonable to see it as an investment. Gambling is a means of entertainment where people come to spend their free time happily. I gamble here for entertainment, I use a very small amount of money and with that small amount of money I gamble to enjoy my free time. If I lose, I lose a small amount of money and if I win, I add a small amount of money to the small amount of money. I will never be able to buy very good things with this money. In this case, I cannot compare sports betting with investment.

[Popkon6]

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?

When I gamble, I keep it separate from my money, the money I have set aside for gambling is used in gambling. Because it is mentioned here that I will enter gambling with as much money as I can afford to lose, basically sportsbet betting is a lot of research on two teams. The more you can determine the difference between the two teams, the easier it will be to win, you have to overcome fear and take risks.
At the beginning, I have to consider the issue of collecting money, and then once collected, you can join the bet. Football and cricket are the two sports that are easiest to bet on.

[Pandorak]

I think in this case you are wrong, how can you equate sports betting with investment and even think in managing a portfolio like in the market?

I must say, that's the wrong mindset, because in fact investment aims for long-term wealth growth and maintaining the value of assets from inflation, the way to analyze the assets you want to buy is also different starting from fundamnetal analysis, technical, etc. Also the risk in investment is easier to control with good risk management.

While sports betting is meant only for entertainment, the profits earned are already determined from the amount of bets we place and can also lead to quick profits but at great risk, etc.

[Odusko]

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?

Who say taking sport betting as an investment is the only way to stay winning and profiting with sport betting, have we forgotten that sport betting is part of gambling and we know that gambling results are unreliable unpredictable and at that we should not take gambling as a source of income or treat them as a steady source of income like an investment is entirely wrong to think that way in this regards and we should be less is thinking gambling seriously, just for fun and nothing more

[Ryu_Ar1]

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?

Although for some people this makes sense but I personally don't want to force this thought to exist for me because gambling is still gambling not the same as what we invest in even though no matter how hard I want to think this is the same but when the context is different then the purpose will also be different.

Gambling is only about how our luck takes over even though we are talking about sportsbetting but still for me it is not too feasible when saying things that smell of luck are made equal to investment because in essence from the beginning the understanding will be different.

For some people it may still be possible to do it for risk reasons but for me investment will still be an investment where even though there is risk in it but we also don't look up to luck because we determine our own fate but unlike gambling even though we determine for ourselves what we have to do but luck will still be an important role for the continuity of gambling or betting that we do.

[alastantiger]

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?

Sport betting or anything gambling can't be turned into an investment and although some people have tried it and became successful at it doesn't make it the right thing to do. Gambling is something that has no certainty but investing when done right have some sought of certainty. Sport betting can be improved on but you won't be guaranteed of getting a good return on your stakes. You can play fantasy football, buy players and treat that as an investments by following up the players and teams news to get updates on how to manage your team but as for the gambling in games, you can't take that as an investment. Gambling money should be separated from investing money so that you don't complicate things further.

[r_victory]

Gambling should not be equated with investing. They are completely different. Even though investing in a company gives the feeling of gambling on it, the research carried out for this is much more detailed. A company's shares increase in value over time, which brings real profit. They can also decrease in value, of course, but it is not about luck like in sports betting. I treat gambling as just gambling, I invest in cryptocurrencies and stocks, and I have fun gambling, simple as that.

[EarnOnVictor]

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.

[Altryist]

Gambling should not be equated with investing. They are completely different. Even though investing in a company gives the feeling of gambling on it, the research carried out for this is much more detailed. A company's shares increase in value over time, which brings real profit. They can also decrease in value, of course, but it is not about luck like in sports betting. I treat gambling as just gambling, I invest in cryptocurrencies and stocks, and I have fun gambling, simple as that.

Investing and betting are two very different things that cannot really be compared. I even spent some time thinking about whether I could find at least some similarity. The only thing that seems appropriate to me is that in both cases you invest your own money. And that is probably where the similarities end for me. I have several assets that I have invested in, they are all performing well, some bringing more profit, some less. But I have never treated investing as a risky thing where I could put in money today and lose everything tomorrow. Betting works exactly like that, when I place a bet, I understand that it might lose, and I will lose that money.

[dezoel]

Anyone saying and taking gambling as an investment is not telling the truth because I have not seen anyone who has been successful gambling because to be successful gambling means that our of four or five tickets that you play you will win a minimum of four which to me is not possible, Gambling is a game of luck and nothing else so I don't believe that gambling is really successful

100% agreed, there  is no way anyone is able to make money from sports gambling in the long run, it's impossible and even harder than winning on the casino because the edge is higher on sports.

There are some tipsters out there who give better predictions compared to an average degen who doesn't analyse the games and bets randomly, but even those tipsters are in loss if you check their stats overall.

It's not possible to make money from gambling, that's a fact and sooner we learn it, the better.

[Leahized]

Who say taking sport betting as an investment is the only way to stay winning and profiting with sport betting, have we forgotten that sport betting is part of gambling and we know that gambling results are unreliable unpredictable and at that we should not take gambling as a source of income or treat them as a steady source of income like an investment is entirely wrong to think that way in this regards and we should be less is thinking gambling seriously, just for fun and nothing more

I personally agree as you say. But many disagree on it, especially those who are real gamblers. Yes to bet and invest at sports, I never think of one. Both have different features and practices are different. Those who are actually gambling consider the bet or gambling the only source of income. Because it takes a large part of their lives. However, gambling is uncertain as to victory. If investment is well invested through analysis in investment. Then hundreds of sure profits will come. When I play gamble I use it for income. And everyone does that, the loss is much higher.

[Yaunfitda]

Anyone saying and taking gambling as an investment is not telling the truth because I have not seen anyone who has been successful gambling because to be successful gambling means that our of four or five tickets that you play you will win a minimum of four which to me is not possible, Gambling is a game of luck and nothing else so I don't believe that gambling is really successful

100% agreed, there  is no way anyone is able to make money from sports gambling in the long run, it's impossible and even harder than winning on the casino because the edge is higher on sports.

There are some tipsters out there who give better predictions compared to an average degen who doesn't analyse the games and bets randomly, but even those tipsters are in loss if you check their stats overall.

It's not possible to make money from gambling, that's a fact and sooner we learn it, the better.

That is true, even if we don't have the data, maybe there are only a few tipsters that are really successful, and maybe they treat it as a investing. Nevertheless, in gambling, there is no assurance or we really don't have the control once we stake. Although in investing there is a big chance to lost money, but at least you know how to mitigate the risk and it's not that addicting as compare to sports betting. So this two should be separated at least, if you invest then just go and invest your money and not think of it as a gamble. And if you are a sports bettor, then carefully choose who and where to bet but don't expect that it's going to be a sure bet. As even a 1.01 odds might lose in the long run. But for mental sake so that we might not experience mental trauma, just gamble what you can afford to lose and not treat gambling as something that can give you steady income.

[Hanadawa]

Now, if we come to the topic of sports betting, then stop thinking that only some people have strategy or skill behind their coincidental wins. Because this dream can only be used to stress your gambling instead of making it fun. So I would say to keep gambling just for fun, never use it as an investment and at the same time, only budget for it what you can afford to lose.

Trying to think of sports betting as an investment is just plain ridiculous. I don't know how anyone can see sports betting as an investment. To me gambling is gambling whether it's slots, poker, crash or sports betting. You can't make gambling one of your sources of income. Instead gambling will actually make you lose your money. Some people play sports betting for fun or because they want to prove their predictions after doing research. A wise gambler should know that gambling can never be won by the player. You win $100 but you can lose $1,000. So if you are gambling to make money or consider it as an investment then you should leave gambling and rethink your motivations.