Sports Betting/Trading.....

Discussion in 'Sports' started by randyhohl, Mar 17, 2020.

  1. randyhohl

    randyhohl

    This funny ad making me consider putting a 10k bankroll towards sports betting. Does anyone here do sports betting successfully?




    This article is also interesting. Source: http://www.bettingresource.com/sports-betting-vs-stock-market-trading.html

    Sports Betting vs Stock Market Trading
    Before we compare sports betting and stock trading, lets learn the difference between a traditional gambler and a non traditional gambler (investor.) Be it sports betting, stock market, playing poker or any sort of gambling, the traditional gambler will lose long-term because they gamble without any edge, discipline or money management. These traditional gamblers are usually degenerates, problem gamblers or "action junkies." A non traditional gambler (an investor) on the other hand is someone who only gambles (invests) with discipline, edge gaining research and proper money management--they can still lose but will win more in the long run.

    Sports betting can be started with little to no capital and it is simple in nature with short term rewards that can get typical gamblers 'hooked' even if it meant losing lot more than the rewards. Since sports is followed by almost everyone in the world and because of the nature of sports betting, traditional gamblers flock to sports betting. Stock market on the other hand is of complex structure and requires sizable capital to start.

    A skilled successful sports bettor can enjoy many advantages. Unlike stock trading, sports betting is hard to control and tax by the government and because of this sports betting earnings are not taxable as capital gains in many countries. Some countries do make it taxable but the bettor can easily avoid it through loop holes. Another major advantage is that anyone with skill or the help of a professional can easily grow capital at a rapid rate even if they only have small starting capital. Setting up a sports betting account to start betting is easy as abc. The biggest advantage for sports bettors is that their performance is recession proof since it solely depends on their ability to handicap the game and find edge. That means the capital will be unaffected from stock market crash and can still bring in steady income during poor economic periods.

    However, sports betting has some disadvantages as well. In this form of gambling or investing it is very difficult for the governments to efficiently control and collect taxes; as a results sports betting is illegal in some countries. Another disadvantage is that if you are very good and have a large capital, it is difficult to fully utilize that capital to maximize profit due to betting/volume limits. Contrary to what you may see in the media, it is not easy to continuously place a $100k or million dollar bet if you are good at finding edge consistently. Sportsbook profile each bettors by tracking their betting pattern and performance to limit professional bettors who are really good--big limits are given only to bettors whom books deem as non threat long-term. Most successful bettors will struggle to get in even $10k on games without using multiple sportsbooks unless it is a big playoff or championship event. This means once you grow your capital to close to a million, you may have to stop re-investing the earnings into the capital

    Both sports betting and stock trading involves execution of trades. Each bet made in sports betting is a trade. It is easy to look at compulsive gamblers who bet their entire small capital on one or few games without any edge or discipline week after week and conclude that sports betting is high risk compared to stock trading but in reality sports betting is much safer and rewarding than stock market for those who are disciplined. Professional bettors may have one or more portfolios (models) with dedicated capital for each portfolio. The bettor will make series of trades (bets) in these portfolios and each of these bets are usually under 3% of the portfolio's capital. Skilled bettors will bet with edge and win more than they lose in the long run to grow their portfolios. We recommend reading our money management strategy and looking at our spreadsheet to better understand the rewards of sports betting--our regular picks portfolio doubles on average every 3 months and grows by 16 fold each 12 months

    At the end of the day, both sports betting and stock trading are a form of gambling and the kicker with both is same--in order to be successful you need to be skillful. However, Sports betting has a bad name because most do it as a hobby or out of compulsion without any real skill or edge, and as a result over 98% them are consistently losing long-term. Contrary to the popular belief, sports betting is a much safer play than stock market for those who don't have very large capital if they approach it with an investor's perspective. However, sports investing and stock investing are viewed differently by government regulators. Governments around the globe encourage stock wagering, a nice respectable occupation in the eyes of most. Sports bettors, on the other hand, are shunned. They do not wear suits and ties. And in many cases, sports investors do not enjoy the support of the general public or the government regulatory bodies. Why? Taxes! We could write a whole new article on this topic but for now let us just state the fact that it is much easier for the government to milk taxes from stock investors than sports investors.