Since the only way to win in sports betting, according to those who claim to be successful is to treat it like investing, I think that idea actually makes sense. So for our fellow sports bettors here, I’d like to throw this question based on your personal understanding:
How do you turn sports betting into something like investing?
What mindset or approach do you use to treat it seriously, like you're managing a portfolio?
No way. Because it is impossible. Investing is something completely different, you buy assets mostly for the long term, meaning you put your money in and forget about it for a long time. You invest in an asset you believe will bring you profit. I do not know how this could be applied to gambling. You simply cannot compare betting and investing. First of all, betting for me is something short term. I will not place a bet and wait a year or more for it to work out, while in investing this is a normal thing for me. Secondly, investing for me is not a risky deal. I only buy assets I am confident in, while betting is a high risk activity and when I place a bet, I accept the fact that I might lose what I wagered.