Few people consider sports betting as a long-term investment. Most players perceive bets as entertainment, which is possible and correct on the one hand, and some are simply looking for ways to get rich quick using a bookmaker. In this article, I would like to consider betting on sports events as a long-term investment of money, and not as options like “betting for fun and excitement”, “betting to make it more interesting to watch a match” or “quickly hit the jackpot on bets”.
Sports betting is a long-term investment
Professional bettors always view sports betting as a long-term investment, like investing in real estate or securities, and by no means as a get-rich-quick scheme. For a bettor, a long distance is always important, more precisely, profit over a long distance (1000, 2000, 3000 bets), and not winning a single bet or profit for a week or a month.
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Differences between investing in securities or real estate and investing in bets
The main difference between investing in securities and investing in sports betting is that in the securities market an investor can easily lose 20-40% within a week or a month, while in sports betting an investor can either increase the investment up to 100% or even more, or lose everything, and at the same time in just 2-3 hours.
How many bets per year does a professional better (handicapper) make?
A professional better in one season can make up to 2000 bets, and there is nothing surprising in this. In this case, one game year is taken for one game season. If we consider the North American professional leagues NBA, NHL, NFL and MLB as investments, then making 2,000 bets is a spit, given that these four leagues host more than 4,000 sports events per season.