"INVESTING" in sportsbetting is so like the stock market in that the....

Fishhead · Nov 27, 2006

.......patient and "NOT GET RICH FAST" approach will yield a profit almost all the time as the years pass ......and in a large way for the savvy invester.

Treat your sportsbetting as you would your 401k plan.......invest for the longhaul.

Do not allow swings in the market to effect you one way or the other.

Say one has $100,000 invested in the overhaul market and the DOW goes up 239.39 pts on the day.....one usually reacts to this only for a brief time and thinks to his or herself "thats great" and really does think about it for more than 5 minutes.

The same should be done when you have a great day sportsbetting...........give yourself a pat on the back and just forget about it quickly.

Even more important, do the samething when you LOSE.

TO MANY SPORTSBETTORS DWELL ON THEIR WINNERS AND LOSSES FOR TO LONG .......SO MUCH THAT THEY WILL NEVER BECOME SUCCESSFUL IN THE LONGTERM.

kid44 · Nov 27, 2006

Totally agree Fish. I have always thought that one should appreciate the winners as long as you dread coming up with the money for the man.

Its a hard concept but it works for me.

Kid44

TIGERTOY · Nov 27, 2006

Very good post. Everyone should read it.

Tiger

Duckstabber · Nov 27, 2006

The average investor will earn a profit long term - the average punter will not!

But yeah, you've got a few points, Fishhead.

SamOdom · Nov 27, 2006

Look for QUALITY in both market/sports when investing/wagering your $$. Stick with quality selections and you wont go wrong.

nimue77 · Nov 27, 2006

The stock market is much riskier (assuming you know what you are doing at both). There is much more obvious value to be found in sports as there are more market differences.

Fishhead said:
.......patient and "NOT GET RICH FAST" approach will yield a profit almost all the time as the years pass ......and in a large way for the savvy invester.

Treat your sportsbetting as you would your 401k plan.......invest for the longhaul.

Do not allow swings in the market to effect you one way or the other.

Say one has $100,000 invested in the overhaul market and the DOW goes up 239.39 pts on the day.....one usually reacts to this only for a brief time and thinks to his or herself "thats great" and really does think about it for more than 5 minutes.

The same should be done when you have a great day sportsbetting...........give yourself a pat on the back and just forget about it quickly.

Even more important, do the samething when you LOSE.

TO MANY SPORTSBETTORS DWELL ON THEIR WINNERS AND LOSSES FOR TO LONG .......SO MUCH THAT THEY WILL NEVER BECOME SUCCESSFUL IN THE LONGTERM.

AlwaysKeen · Nov 28, 2006

excellent advice fishhead...

Chairman · Nov 28, 2006

"INVESTING" in sportsbetting is so dislike the stock market in that the....

Stock market makes billionaires and sportsbetting makes bonus hunter.

hno: but it's true.

TheRightSide · Nov 28, 2006

WOW are you kidding me. I don't recall the books offering a stop loss on any bet I have ever made. Just another example of you guys encouraging people to gamble some more.

Wake up mods, we are all degenerates already we don't need any encouragement to gamble more. The newbies could read this shit and get way in over thier heads. But hey just keep clicking on the banners above and it's all good.

TheRightSide · Nov 28, 2006

You did make some very good points though. But to compare it to the stockmarket is a little much don't you think.

syddiggers · Nov 28, 2006

At least with the stockmarket, at the end of each day unless your stock is delisted, you are guaranteed to have some percentage of your investment still working for you, unlike your sports wager where 100% of capital invested can easily disappear. If you research your investments in the stockmarket thoroughly enough you are not hoping for lucky bounces at the end of each day for a profit to materialise.

Iceman · Nov 28, 2006

this argument can go both ways. I would say that betting sports is "agressive investing". I have had 10k in a mutal fund since beginnng of the year and I think I am up $500 dollars or so. I won $617 last nite on my bets. IF you have the heart (and a few other noteable intangiables) for it it can be much profitiable than the market but I would say WAY WAY harder to beat at the end of the year.

Fishhead · Nov 28, 2006

TheRightSide said:
You did make some very good points though. But to compare it to the stockmarket is a little much don't you think?

Well, if you were to see my CAREER earnings in the STOCK MARKET compared to SPORTSBETTING/GAMBLING................you may think otherwise.

:toast:

Fishhead · Nov 28, 2006

Fishhead said:
Well, if you were to see my CAREER earnings in the STOCK MARKET compared to SPORTSBETTING/GAMBLING................you may think otherwise.

:toast:

Can't imagine myself EVER winning over ONE MILLION in the stock market.

TheRightSide · Nov 28, 2006

Fishhead said:
Can't imagine myself EVER winning over ONE MILLION in the stock market.

You showed in another thread of how you do it. That is not gambling the way you showed. That is playing both sides knowing you will be a positive on either side. Now that was an investment. You also had to put out like 2800 just to make $42. That takes a longtime to build the bankroll as you put it. Doing it that way it can be done. I just think that you need to be more clear on how to go about doing this. You always just post how easy it is. Try to bring us up to speed on how you do it before everyone goes broke trying to do what you do but without the knowlegde. There are a lot more people like me on this board than people like you. That is a fact. So please start a thread and add to it everyday of how to go about doing this the right way. I have never called you stupid I just say you give out about 25% of the info we need to be able to understand you.

boatboatboat · Nov 28, 2006

Sports betting = one winner, one loser.

Stock Mkt CAN= many many winners, as they buy and sell the stock as it climbs in value.

Sports betting= a few long term players who chug along year after year, and a bunch of peple who jump in for a year or so, lose their @ss, and never give it another shot.

Stock Mkt=over 90% of people who buy a mutual fund and hold it for 7 years will make $.

Sports betting=concerns over safety of funds

Stock Mkt= very very little concern when buying a high rated fund.

Sports betting=always working the system, looking for an edge.

Stock Mkt CAN BE simply buying a respected fund with a long term track record, and allowing the fund manager to do what they do, and give you a solid return on your investemt, while you worry and think about other things.

I would be curious what % of people make $ on sports betting vs the % who have lost? I bet over 85% of lost money vs 15% who have made $.

The margin for error is so razor thin, that few are able to slice it in such a way that they come out ahead when one factors in the Vig.

jwunderdog · Nov 28, 2006

Stock market over the long term has gone up in value, investing blindly you have over a 50% of making money. Betting blindly you have less then a 48% chance.

X-Files · Nov 28, 2006

There are many ways to "invest"/gamble in both the market and sports.

And many ways to win a ton or lose one's ass in both.

Those who know what they're doing will probably achieve success like
Fishhead has done.

But don't expect him to give you to the keys to the safe.

And, as he implied, if you can't handle the ups and downs of winning
and losing streaks, then you should quit while you're still not behind.

That goes for the stock market too.

SamOdom · Nov 28, 2006

TheRightSide said:
I don't recall the books offering a stop loss on any bet I have ever made.

Then you've never made an Action Pts wager :banger:

Fishhead · Nov 28, 2006

Sam Odom said:
Then you've never made an Action Pts wager :banger:

GOOD ONE SAM!

:aktion033

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