How do you turn sports betting into something like investing?
I don't consider my bets as investments. Even the winnings are mostly spent on fun. There is no investment plan at all. When we bet some of our money, and we lose, our money is gone. We can't expect a return from our losses on other bets. Every bet and every session is different. It's not like investing, but if someone does make an investment plan from the winnings accumulated in the long term, that's actually a good thing.
Investments are something that can generate profit, and for example, the business shares of which we hold, there is a cashlow, which allows us to earn in the long term. As for sports betting, I am not at all sure that we can expect profit from this in the future, on the contrary, the whole system is aimed at the more we bet, the more likely it is that we will be losers. Of course, there are professionals, but there are very few of them, and it is extremely difficult to become one. Everyone shares general advice, but those who earn are not very willing to share their strategies.