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?
Some people don't even believe the idea of gambling is for money, now we have another as investment? Well, everyone has way of understanding and previewing what they like differently. If I'm to drop my own opinion, I will say you can make money from gambling but it shouldn't be treated as investment because there is a lot of things that wouldn't sit well with it. How do you handle the emotional aspects of it, how do you deal with the losses when you are expected to forget about it.
If it's working for you, that's fine but I can't view gambling as source of investment, it's not reliable, it's not effective because the risk is very high. There is no way you can gamble $1000 and be able to make that amount of money back with profits together. How do you mitigate your risk? You can limit the game that you gamble on and still lose, it's not like there is an assurance anywhere, however if you are skill and it work for you then congratulations but it might not work for everyone.