I prefer sports betting or investing on stocks. But I am starting to get into the stock market myself. Betting on sports is faster. You can win and lose much quicker then you can investing on stocks. Does anyone here invest in both ways? Some will say that betting on sports is not the same, but it is. It is all gambling if you don't know what you're doing and it is all investing if you know how to play the game. Anything is an investment with the right info.
Sports betting is just as good a way of investing your money; it just suffers the image problem of gambling compared to stocks which are 'investing'. In reality, the two are the same and if you have some sort of specialist knowledge that enables you to make a profit then sports betting is just as good as stocks.
"Buy what you know." Sports can be great as you know if you hit a home run or struck out within a short timeframe. However, it really is an all or nothing sort of approach. They say that stock investing can be the same, but the likelihood of similar gains or loses is rather unlikely except over a long period of time. That said, I stick to the markets as I enjoy the dividends, plus I think you can turn a loser into a winner or a winner into a loser based on news. It's all about how long you can hold out for.
I disagree. I think it's far less risky for me to have the stocks I currently have in my portfolio (that I have spent lots of time researching, with the goal of mid to longterm capital appreciation and also capital preservation to a lesser extent) than it is to bet that Cleveland will beat Detroit by at least 7 points on Sunday or whatever. I'm not knocking it if that's your game, but there are huge differences. There is an element of risk in both activities, but longterm investing in a diversified portfolio of quality investments is a totally different animal from betting on a specific outcome of a 3 hour event between two sports teams.
I do a little bit of both. Sports betting is definitely the riskier of the too. My stocks are small and don't earn me much money, but they are safe. Sports betting on the other hand isn't, it is less predictable but you can earn more money from it. Each to their own I suppose, If you're good enough you can make plenty of money off either.
Yeah, I would agree with JR Ewing an IrishLad, sports betting is a traditionally at best a 50/50 proposition, because people have jobs to ensure that the odds are not in your favor. IN general, when you are investing, you are putting your money in corporations that have an overreaching goal to make a profit all the time. The tie between the two in my eyes is that they are both based on the irrational behaviors and thoughts of human beings...you can have companies that aren't successful that are over-valued and companies that are successful undervalued...
All I know is stocks pay lower returns on investment but there's not much risk involved. Sports betting however can make you some good fast cash which you could lose the next time you bet. So I wouldn't consider it much of an investment because the risk of losing the money you bet with is ever-present. Nonetheless, I intend to try matched betting in future and see if I'll win anything.
Stocks pay a lower return if you win at betting, a lot. But, if you watch over a long period, say 2-3 years, you will likely see that most regular betters don't make more than 2-5% returns, and there is a larger contingent that is down that same percentage.
Betting is faster just like gambling, but they are both high risk. I mean you can even use something like binary options and take a lose as well. You can lose your investments with gambling but the reward is sweet when you do get on the winners circle. I do like the stocks though since you can invest and collect dividends. You just have to invest in the correct companies and you are good to go.
