You will likely failed in the long run since gambling and trading has completely different mechanics on how they work. Gambling is mainly based on luck even on sportsbook. Your trading skills is not applicable on gambling because price pattern and sports behavior have different factor to consider.
Sports analysis is much complicated than price analysis since there’s no indicator and pattern that will help you to guess the result.
Anyway, it will not hurt you to do some experiments.
Not all the time.But apparently,since the mechanisms and applicable means are different, there lies the problem.What I understand is that,if people treat gambling like trading if it'll increase their chances of success depends on a simple personal level of assessment and attestments.One thing that is common here is that both requires a full house strategy, discipline and risks management.
Although strategy, discipline, and risk management are applied to gambling and trading, both still have different mechanisms. Trading can still provide opportunities to make a profit, but in gambling, making a profit or winning depends on luck and cannot be controlled like determining the expected profit in trading for the long term.
Many people have this kind of thinking, they think of trading and gambling as the same, but in both cases, there are many differences in the management of risks as well. In managing trading, we need skills and deep knowledge, we always have to make data-based decisions, we have to trade by adopting the right strategy through market research. All in all, we can reduce the risk a lot through various strategies, skills, research, which often brings us big profits with high potential. So despite the high risk of trading, we can benefit from trading in a dependent way through skills and research to some extent, but in the case of gambling, there is no such opportunity, so it is very important to understand this clear difference.