Most people use the terms sports betting and sports investing interchangeably. They believe that both terms mean more or less the same thing. They are very wrong. Sports investing is as different from sports betting as trading on Wall Street is from gambling in Las Vegas. The people who understand the subtle but noticeable differences are the ones who can profit from sporting events. The first level of difference to discuss is the area of ​​responsibility.
As a general rule, most people bet more money than they can afford to lose, and this is especially true of sports betting. These people will bet on the team that “feels lucky” and pray for the best. The hope is that one of those players calls and the punter ends up fabulously rich in a matter of moments. Investing in sports is decidedly different. For one, sports investing is based on statistical information, not hunches. An investor is in a long-term business and therefore cannot afford to risk it all on something that “feels right.” Another difference is the amount of money spent on each investment. While sports bettors throw as much money as possible at a target, sports investors reserve a small portion of their income and may use less than 5% of that reserved value in an investment.
With sports betting, there is no real work involved. Just pick your NBA picks, NFL picks, MLB picks, or NHL picks and let your money go. However, sports investing requires the use of sports betting systems. These systems were designed by carefully weighing information and creating a solid plan. Once created, the investor must stick to this plan very carefully and must remove all emotion from the process. The same cannot be said of the sports bettor.
If the sports betting system is immediately successful, the bettor is likely to increase his bets and expose himself to financial ruin. If the system is unsuccessful at first, the bettor will throw more money at the target to win back all the lost funds and then some, or move on to something else. The investor never lets greed become a factor in his decisions. If the sports betting system is successful, the investor will agree and follow the plan. If the system fails, the investor will try to recover the money lost and nothing more.