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?
This is a new thought for me, not knowing how to change the thought of sports betting into an investment.
Both are expecting profit, and also need analysis before making a decision, but there are still differences, for example it is impossible for someone to suggest sports betting and say it is the same as investment, also you can sell your investment when you see it is not going well, while sports betting when it is not going well means you lose money.
It's quite hard to describe more because it looks the same but to me it's still different.