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?
I think these are completely incomparable things, because if you look at the chart of gold or bitcoin, then you will notice that these assets always renew their previous highest values, and from this we can conclude that no matter who invests in them, if you keep these assets in your portfolio long enough, there will be a profit in any case.
Still, we can't say the same about gambling or betting. Yes, money comes and goes faster there, but nevertheless you can't be in profit because you just keep money on deposit.