Sports Betting Is Not Investing

[jjgold]

Who so many guys hiding their gambling problems? Betting on humans is not investing but rather a pure guess and so many outcomes come down to the right bounce of the ball, now that is called pure gambling.

Investing is putting your money into safe bonds, cd's, real estate, long term stocks.

Sportsbetting is not investing, I am on the ground with my pc laughing at guys that call it investing. Be in tune with yourself and just admit you gamble on sports and not invest. I know it is sexy to call it investing but many on the outside looking in at us laugh their asses off that we would risk money on humans chasing each other around a field.


When you make a bet all your doing is getting a high type fix like cocaine , whether you win or lose you crash after the game is over and again have a need to get the high back by making another bet. The similarities of drugs, alcohol and gambling are amazing.

We bet for action but not to win.

[Sam Odom]

Who said JJ aint SHARP ?

JJ, is poker investing ?

[jjgold]

Poker has lots of other variables that I will not go into here.

Sammy my IQ is a lot higher than most here, so I see things real clear and not blinded by my addictions.

Sammy call me later, I need to ask you a question about the Culver City area.

[Sam Odom]

"Lets face it these games are guesses
Take the points and you will not get hurt"
JJGold--March 2005

[jjgold]

"Lets face it these games are guesses
Take the points and you will not get hurt"
JJGold--March 2005

Sammy the greatest piece of advise every posted on a forum. If people would follow what I write I would literally save them tens of thousands of dollars.

[Mudcat]

Zany!

[Santo]

The correct response here of course is "Not the way you do it".

How long do you guys need to get the right answer?

[austintx05]

How is "investing" in stocks any different?

[pags11]

there's no difference at all Austin...you are right...

[BadAzz]

The difference would be that with stocks you traditionally make money and with sports betting you lose it.

[Dark Horse]

Betting or investing is just a play of words. Whenever you put your money at risk with a positive expectation, but without absolute certainty of the outcome, you are involved in the same process.

Betting on stocks is less risky, but also less profitable for those who know their stuff. It's a big thing for an investor to have a 20% annual profit. Many sports gamblers would laugh at that number.

The information that is out there for sports teams far exceeds the available information on corporations. So the informed sports bettor has a greater edge than the Wall Street investor.

[BadAzz]

True DH. But my point was that with stocks the player/investor has the edge by default unlike sports betting.

[Dark Horse]

I know people who have lost fortunes on Wall Street because their shares dropped out of the blue. Real nice edge.

[koko]

The difference would be that with stocks you traditionally make money and with sports betting you lose it.

Just the opposite is true for me.

[BadAzz]

I do understand that people can make money betting as well - hell, even I can do that - or lose it in stocks. However, if you pick random stocks and hold them for 10 years, it is propable that you will make profit. On the other hand, if you make random bets through 10 year span, you will most surely be broke.

[Sam Odom]

Make five $1000.00 bets per month for 10yrs = $600,000.00

And/Or

Invest $5,000.00 per month for 10yrs into say Spyders (SP500 index)

The avg joe gambler would be WAY ahead in the Spyders after ten yrs. I would even say 95% of all forum gamblers would be too.

[Tchocky]

Poker has lots of other variables that I will not go into here.

Sammy my IQ is a lot higher than most here, so I see things real clear and not blinded by my addictions.

Sammy call me later, I need to ask you a question about the Culver City area.

Are you moving out to LA?

[koko]

Poker has lots of other variables that I will not go into here.

Sammy my IQ is a lot higher than most here, so I see things real clear and not blinded by my addictions.

Sammy call me later, I need to ask you a question about the Culver City area.

I live about 10 minutes west of Culver City, so feel free to ask me any questions. I'll help if I can.

[pags11]

guys, suites and CNBC are about the only difference...c'mon now...