How Many Traders Wager on Sports?

Discussion in 'Chit Chat' started by wallnbroad, Jul 12, 2010.

  1. Just out of curiosity, how many of you like to wager on sports (NFL, MLB, NHL etc)?

    My past careers have been in trading and I find the fields similar, speculative but while utilizing strong risk management...beatable.
  2. 2gtt


  3. Hello


    I love betting on NFL, watch the chitchat section on September 5th, theres lots of us who bet the spreads on NFL. AAAinthebeltway has the best NFL commentary ever.

    At best i break even on my NFL betting cause i got to pay the spread on my bet, i still like doing it for fun though.
  4. Thanks for the kind words. I really enjoyed doing the weekly commentary and picks, but it got to be a bit time-consuming. I will say that I produced a decent winning percentage against the spread, which is a lot harder to do than most people realize.

    I think if one is contemplating being a trader and sports gambling doesn't appeal to you, you need to seriously rethink your career choice. The two just seem to go together.
  5. What do you consider a decent winning percentage?

    I enjoy betting on sports, but purely for entertainment not as a way to make money.
  6. For those that do bet on sports, does anyone use any of the websites out there? I don't live very close to a casino, and all we have in Ontario is Proline which requires you to bet at least three games at a time.
  7. Is it legal online these days? I used to have a book but I don't run in those circles anymore.
  8. Hello



    Keep the thread up this year, i always enjoyed reading your commentary, i will add to it when i can!

    My biggest problem was the spread against the spread....... i.e. i would bet the spread but only get paid 1.7 to 1, i almost always have a winning record, but that .3 per game is a killer, anyways looking foreword to your commentary!! Atleast start the thread...... if you get a chance, you can quit after that, it wont be the same without you!!

  9. I think it's legal in the same way online poker is legal...

    Not technically allowed but the law looks the other way.
  10. u21c3f6


    I have and continue to wager on all sorts of "sports" including the stock market.

    #10     Jul 27, 2010