To view the nominated thread please click here. If you play only at reliable and reputable sportsbooks, the vig is really low and they are beatable. Sports betting is the only investment that will not be affected during tough economic times. Buying company after company? And in many cases, sports investors do not enjoy the support of the general public or the government regulatory bodies. Therefore, contrary to the popular belief, sports betting is a much safer play than stock market if you approach it with an investors perspective.
What you may not know about Cuban is that he earned a good chunk of his money through some sharp investment choices. We certainly agree with him. Then you can do it all again the following day. Who do you think is easier to outsmart — Gordon Gekko, Warren Buffett and the stock market traders, or the average sports fan? That changes the opportunity completely. The common misconception about sports betting is that bettors are always playing against the casinos or the bookmakers.
Bettors are often playing against other bettors, may the smarter bettor win, and the casinos and bookmakers collect a small percentage juice for being the middleman similar to a stock broker. So, again, who is easier to outsmart?
Forget about the rare stories you hear about games being fixed — there have been far more and bigger scandals in the stock market. Enron, Martha Stewart, ponzi schemes, insider training… and all of this despite a supposed governing agency in the United States — the Securities and Exchange Commission — to prevent it all.
Sports-betting may have a bad reputation. There are scoundrels in this business, namely scamdicappers who really give the business a bad name. Then we hear of all the crooked bookmakers over the years and stories of fixed games and fights--it leads one to think of sports-betting as shady. What happened to Enron alone probably usurps the total collective screwjobs inflicted on sports-bettors over time. There are some clear benefits to looking at sports-betting as a market.
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Stock Market Don't Believe the Hype. What is in Sports Betting? Moneylines Sports Betting Systems: If you play only at reliable and reputable sportsbooks, the vig is really low and they are beatable.
Therefore, contrary to the popular belief, sports betting is a much safer play than stock market if you approach it with an investors 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. 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.
They both believe they can predict the future, and they sometimes fall into the trap of making decisions with their hearts instead of their brains. And of course, they both hate to lose. But don't let those similarities fool you. Gambling on sports may be more fun, but it's definitely a more risky use of money than putting it in the stock market.
In the long run, investors have the chance to make more money because there are fewer downside risks. To put it another way, the stock market is a lot more forgiving than the MGM Grand let alone your local sports bookie.
It's easy to see why fans may be tempted to gamble on their favorite teams and athletes. Gambling on football star Peyton Manning to win might seem like a safe bet, especially compared with picking winners in the stock market. And in neither instance can you be guaranteed to be correct," said Randall Fine, managing director of The Fine Point Group, one of the casino industry's largest consulting firms. Manning is really, really good at what he does for a living.
Heck, even his commercials are funny. He asked for his identity to be withheld due to legal concerns. Gambling on sports tends to be a zero-sum game. The stock might go up and down some, but it typically doesn't go to zero. Investors also have the ability to spread their money out among many stocks.
People often invest in funds that buy dozens or even hundreds of stocks, which helps reduce the risk. And investors have greater access to tools that can minimize the risk of losing money. For example, a stop-loss order instructs a broker to dump a stock when it tumbles below a specific price. Such hedging tools are not as readily or even feasible to sports gamblers, Fine said.
At the same time, investing in stocks actually carries higher upside potential. While many stocks offer steady returns, investors sometimes hit the jackpot think: A stock can theoretically be held onto for an infinite amount of time, but a sports bet can end in the blink of an eye. Even the unlucky investors who jumped into the market at its peak in October eventually made their money back when stocks reclaimed their pre-recession levels in The same can't be said for those who bet big on the Denver Broncos last Super Bowl.
First of all, both involves money and element of chance. Second, Risk is involved in both gambling and stock investing. Third, both involves uncertainty of winning or losing.
Most people after considering these three points and comes to the conclusion that both stock investing and gambling is same. Although blindly investing in stocks is similar to rolling a dice, but successful investing is never a game of chances. The art of investing is based on risk and reward. However, through knowledge and skills, Investors can change the probability of winning. Investors can reliably predict the outcome which follows trends, patterns and fundamental studies like balance sheet, profit loss statement, cash flow statement etc.
Considering the above points, we can say that stock investing is nothing like gambling and a much much better way of utilizing your hard earned money. I hope the answer is useful to the readers. If you want to read further, you can visit this blog post: The Stock Market offers some level of stability much more than sports betting; however if you are a smart sports bettor, you can make more money on regular bets.
This is the best content on CNN on the subject matter: In the stock market, the risk arises naturally out of economic activity. Someone must bear the risk that new companies will fail, or existing companies will fail to grow. The stock market merely allocates that risk among investors.
This allows the economy to grow, because more capital is available for business risk-taking, and investors to put together diversified portfolios that are safer than individual investments. In sports, the game is organized for among other things the fun of betting on it. It does not make any real economic activity possible, and it gives investors the opposite of diversification. To the uninitiated, there's little apparent difference between sports gambling and investing in the stock market.
Both carry the potential for gain and loss. Both require research that too many people do poorly or skip altogether.