[JRS21386]

I have talked to several people who have told me if you do sports betting right you will make far more returns that with the stock market

Agree/Disagree and Why?

[mathdotcom]

define 'do it right'.

If you always pick winners in sports, you'll make a lot of money.
If you always know how stock prices will move, you'll make a lot of money.

[Dark Horse]

I have talked to several people who have told me if you do sports betting right you will make far more returns that with the stock market

Agree/Disagree and Why?

It requires the same discipline and talent for pattern recognition, but the money in sports betting is peanuts compared to the stock market.

Plus it's legal and the tools available to investors in the stock market are far more sophisticated.

[durito]

It's apples and oranges, and depends on what kind of return you'd like to see on your money and what risk is acceptable.

For an unsophisticated investor, most people will do better in the long run in the stock market -- it's not a zero sum game. Buy and hold and wait 40 years and you'll make plenty of money.

But, yes, a successful sports bettor can receive a far higher return on his money than a typical stock investor. Whether or not you can be successful is another story entirely.

[Dark Horse]

Agree because Sports Betting is a higher risk/higher reward venture. Also, the results of sports betting are instant whereas the success of a company is not so instant.

Sports betting higher risk/reward? All depends on the stock.

And you can trade in and out of a stock in the same minute, if you want, so results can be very fast.

A typical investor in the stock market has a much greater percentage of his capital invested at any given time than a sports bettor.

[JRS21386]

And sports gambling isnt illegal...

[mathdotcom]

Guys,

There is no way to compare the two. It's not just apples and oranges, it's apples and beer.

Mmm beer

[Dark Horse]

And sports gambling isnt illegal...

Invite the owners of offshore books over to your next birthday party, and see how many show up.

[JRS21386]

They could be compared in the sense that you put a set amount of money in towards gaining a return...

[Dark Horse]

Guys,

There is no way to compare the two. It's not just apples and oranges, it's apples and beer.

Mmm beer

It's extremely similar.

[mathdotcom]

Yeah, so you can then compare it to the lottery, roulette, flipping coins, slots, anything with risk and reward.

[JRS21386]

Well it's illegal on their part, but not on the player.

[Dark Horse]

You obviously don't have the first clue of what you're talking about.

My mistake. I keep forgetting this place has turned into a sandbox.

[mathdotcom]

Which will make you more money.. stocks or sports?

1] Are you better at figuring out who is going to win a sports game, or figuring out which way a stock price will move?
2] There are millions of people working on stocks doing the same thing as you. But then again, the overall trend is upward, unlike in sports. I get the impression you're talking about short term speculating, though.
3] Which is easier for you to get your money into/out of - sportsbooks or some trading account?

There are too many variables for anyone to answer the question of which will make you more money. You also seem to assume that you can beat the stock/sports markets. Cmon buzzy.

[Dark Horse]

Put it this way.

If you can beat sports, you can definitely beat the stock market.

[JRS21386]

If it's illegal on my part then how is it possible for me to take a check that i cashout and deposit it at my bank no questions asked? Also if it was THAT illegal the United States could easily put a bar on these gambling sites to where we couldnt even access them... My Uncle is a Politician and other uncle a Judge and both tell me its no big deal

[mathdotcom]

There is a big difference between what is legal and what is enforceable. Just a general comment.

My condolences about your uncle being a politician.

[Dark Horse]

The legal/illegal part refers primarily to the safety of your funds.

[durito]

Put it this way.

If you can beat sports, you can definitely beat the stock market.

I disagree completely.

[mathdotcom]

Dark Horse should definitely stick to sports.

[Dark Horse]

About 2% make money betting on sports. You really think it's lower in the stock market?

[JRS21386]

I think the Stock Market is much more unpredictable than sports....

[JRS21386]

Yes... Stock Market has trends, but is completely unpredictable.. Wall Street Traders refer to is as "The Sleeping Beast" When things are running smoothly you can identify trends, etc. but with ONE economic setback, all hell breaks loose... its like millions of people running out of a burning building

[Dark Horse]

I think the Stock Market is much more unpredictable than sports....

You think a girl watching her first football game has any clue what's going on?

Like I said, it's about pattern recognition. If you don't see the patterns then, as you say, both are completely unpredictable.

[JRS21386]

I see where your coming from.. But i think only a small percentage ever actually conquer wall street... same with sports..

[Dark Horse]

Wrong again. Fortunes are made on Wall Street. Very rarely so in sports betting.

[durito]

About 2% make money betting on sports. You really think it's lower in the stock market?

I assumed by "beat the stock market" you implied beating the average returns of say an index fund.

There's a huge difference between making money in the stock market and beating the market. It's not a zero sum game like sports betting -- any idiot can make money.

International financial markets are huge with millions of participants trading trillions of dollars. That tends to make them quite efficient. Every trade you make you are going up against large banks, hedge funds, etc with thousands of smart people working for them.

I'd say it's a hell of a lot more difficult to beat that kind of market, than one in which most of the participants are about as smart as most of the posters here.

I can pick off a stale line from here many slow books without any trouble. You aren't gonna find those opportunities in the financial markets. If they are there at all, someone else will get there and be long gone by the time you arrive.

[JRS21386]

Im a Finance major going to work on my MBA... I know a good bit about wall st. and fortunes ARE made, by very few people...

[JRS21386]

Agree with durito

[Dark Horse]

A financial major who doesn't think that money can be made on Wall Street?


Right.

I would recommend sports betting for you.

[JRS21386]

lol i JUST got done saying fortunes ARE made on Wall St. But if there were so many people who could "make fortunes" on Wall St. then why dont more people quit their day jobs and sign up for an online brokerage account and go to town?

[JRS21386]

Its up for debate.. I guarantee there are some people out there that make their entire living off sports betting

[Dark Horse]

Because the great majority don't have the time or talent, and let a broker do the work for them.

[Dark Horse]

Its up for debate.. I guarantee there are some people out there that make their entire living off sports betting

Sports betting looks more romantic from the outset. But once you're down to the nuts and bolts, it's just as much about the numbers as Wall Street. Same game, different name.