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Can Sports Betting be considered an investment?
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[QUOTE="arunima25, post: 233766, member: 30475"] Sports betting can not be considered as an investment. It's more of a gamble. There is a lot of risks involved like any other investments, but still it depends more on the chances and luck than your strategy. Many countries don't give sports betting a legal status and there you are involving in an illegal activity if you are into sports betting. It's legalised in many countries and there most people do it more for fun and gambling than making it a serious business for earning profits. However, there are some big players in the field who earn a lot through this. Many a times it even turns into addiction like any gambling addiction and people end up loosing a fortune over long period of time. Many people do a thorough research and study before betting. They have a deeper knowledge of the game. And they draw a lot of data and statistical facts from the past to make a bet. Here, we can a draw a comparison with the investment. Investors do research and do multiple analysis before investing. Both these are to reduce the risk factors. Sports is more unpredictable than other business where one would have invested.ost businesses are on certain predictable lines. But when it comes to sports, it's not te case. A weak team by all data and statistical analysis can outperform a strong team. So, the risk is more and it's all play of luck. It's a pure gambling. [/QUOTE]
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Can Sports Betting be considered an investment?
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