sportsbetting vs. day trading..

WorldNumberOne

Self appointed RX World Champion Handicapper

Joined

Nov 20, 2001

Messages

15,052

Tokens

• Mar 25, 2005

• #1

you have 100 grand to invest.

you have learned the in's and outs of how to day trade .

you have learned the in's and outs of how to sports bet.

which do you have a better chance of being successful at ?

maybe to vague a question , but i'll throw it out there..

 

RPM

OG

Joined

Mar 20, 2001

Messages

23,146

Tokens

• Mar 25, 2005

• #2

depends on how you are going to play each.

if you are going to middle, scalp and collect bonuses, you are probably better off with sportsbetting.

with daytrading, there are plenty of fairly stable stocks to play with i would think.

 

sharky99

Member

Joined

Sep 21, 2004

Messages

8,532

Tokens

• Mar 26, 2005

• #3

With all options at your disposal in both cases you have a much better chance betting sports

 

Glaken

Beach House On The Moon

Joined

Mar 20, 2001

Messages

6,267

Tokens

• Mar 26, 2005

• #4

sportsbetting is night trading....so, you can have two jobs

 

RobFunk

RX Senior

Joined

Apr 20, 2002

Messages

47,431

Tokens

• Mar 26, 2005

• #5

ineteresting way to look at it glaken. a lot of the good scalps happen during the day though. especially with baseball

 

Glaken

Beach House On The Moon

Joined

Mar 20, 2001

Messages

6,267

Tokens

• Mar 26, 2005

• #6

hey Rob, I was sorta joking...looking forward to bases btw, I have seen enough basketball for a while.

 

TTinCO

.

Joined

Sep 21, 2004

Messages

28,775

Tokens

• Mar 26, 2005

• #7

I'll say day trading, but I can't do it anymore since I'm "in the industry".

Tough stuff, but very profitable if you're good.

 

RobFunk

RX Senior

Joined

Apr 20, 2002

Messages

47,431

Tokens

• Mar 26, 2005

• #8

youre probably right TTinCO. .thats where all those big math courses pay off.

 

TTinCO

.

Joined

Sep 21, 2004

Messages

28,775

Tokens

• Mar 26, 2005

• #9

Don't get me started....Stats 971 cost me a masters in Econ.

Rule #1.....if there are 8 people in the class & you're the only "non asian" you're probably in trouble.

Honestly never did have a clue...it was that bad.

 

Fezzik

New member

Joined

Sep 21, 2004

Messages

754

Tokens

• Mar 26, 2005

• #10

Sports Betting crushes Day Trading

Last Time I checked Schwab doesn't give 16% sign-up bonuses. Or let you have Villanova +7 1st half.

arty:

 

Kornholio

gerhart got hosed

Joined

Oct 2, 2004

Messages

4,012

Tokens

• Mar 26, 2005

• #11

If every poster here spent the same amount of time learning to day trade as they do learning to bet...they would all have tons of cash. Much easier than betting on sports, just not as fun.

Put in sportsbetting terms, it is very possible (and not that difficult actually), to be 50-55% trading...with the winners being +200 or more and the losers being -105. Still...it is easy to lose if you have no clue.

 

pier0

New member

Joined

Jan 6, 2005

Messages

76

Tokens

• Mar 26, 2005

• #12

Actually, you have a third option which is a mix of the two you said:

you can trade odds of sporting events on the betting exchanges.

 

gbm

New member

Joined

Sep 21, 2004

Messages

196

Tokens

• Mar 26, 2005

• #13

Have done both. trade is a lot easier and minimal juice.

Big Plus, very legit and no gestapo worries.

 

Last edited: Mar 26, 2005

THE SHRINK

ODU GURU

Joined

Feb 26, 1999

Messages

20,881

Tokens

• Mar 26, 2005

• #14

This is not even close as I know friends of mine that do both...

While the ALL have been successful at Sports Betting, the same CANNOT be said about day trading...

Anyone who tries to convince you otherwise is either misinformed or lying...

THE SHRINK

 

Anonymous1

New member

Joined

Sep 20, 2004

Messages

4,574

Tokens

• Mar 26, 2005

• #15

currencies trade 24 hr. a day...sunday though friday...short or long...you can also scalp the market...need to use stop/limit management...but i enjoy it more so than sports betting nowadays...trading ONLY the YEN...

 

DarrylParsons

New member

Joined

Sep 20, 2004

Messages

5,412

Tokens

• Mar 26, 2005

• #16

If you have a sports bettor and a day trader, each with 5 consecutive winning years, I'd say the sports bettor is more likely to win again in the 6th year.

 

JohnBuzz

New member

Joined

Feb 5, 2005

Messages

254

Tokens

• Mar 26, 2005

• #17

Neither.

With 100k you could start or even buy a real business.

 

Baker

New member

Joined

Jan 30, 2005

Messages

632

Tokens

• Mar 26, 2005

• #18

A real business? Over 50% of "real businesses" fail within five years.

I would say either could be profitable. I have done both and with day trading you are pretty much tied to your trading platform during market hours, unless you are doing black box trading and are really confident in it. I made a lot of money day trading index funds (index funds are a great reason never to buy a mutual fund, but this is another subject all together).

Sports betting on the other hand seems to allow for more flexibility in schedule. Its also more fun to watch a game than to stare at a damn ohlc chart minute by minute.

If you were equally confident in your abilities in both activities I would definately choose sports betting.