Who thinks betting on sports is easier than the stock market?

[Iceman]

Been real interested in hearing SSI and a few others talk about the financial markets but I have decided to stay away because I am the samll fish in a big pond in that game. I feel I have read and learned enough in the sports betting market to know and feel I have an edge.

If someone could convince me that they have an edge in the stock market I would play it. Just way too many Harvard grads dabbling in it and I would be at the bottom of the barrel with it. Not smart trying to make money in something in you don't even know have the terminogly of. Just seems the competition is too tough in the market. I have don't have alot of fear in SBM (sports betting market) maybe becuase I have studied and feel I have earned my money in it with education. Confidence can be a huge factow when investing.

 

[royalfan]

They are both easy to make money in. About to start going back to the market as my primary income myself with all the change for the worse going on.

 

[boatboatboat]

there is no safe legal way to generate 25% annual rates of return on your $.

NONE.

I don't care how good someone may think they are.

 

[royalfan]

there is no safe legal way to generate 25% annual rates of return on your $.

NONE.

I don't care how good someone may think they are.

depends on what you call "safe". There is nothing period stocks or otherwise that generates that return and is safe so you are just stating the obvious. It is very possible to make a 25 percent return with good investing with very little risk however, so you are wrong.

 

[ivyconniver]

The stock market is much much safer way to churn out wealth. You put your money in the S&P last year and you got yourself 14% profit with absolutely no work whatsoever. I'd wager that's more than 90% of all sports bettors.

Gambling on sports is much more volitile, exciting, and has a chance for a quick buck.

Unless you have a ton of money working for you, you can't live off the stock market without outside income, and unless you are extremely fortunate you can't live off gambling for an extended period of time.

To most everybody, they will only be supplimental income.

 

[boatboatboat]

you should become a MF manager.

They typicaly make over 400k a year and the goal for a mid cap value fund is in the area of 9-12%.

You would be quite the star in the arena.

I have NEVER told a client, they can expect to get 25%, it's happened a few times, but it's been blind luck.

WHat's your secret?

 

[Iceman]

Lets slow down a bit here. I never used the word safe. I am talking about easier.

Give some guys a 10k bankroll to bet with in sports and they can 400% return on it in 1 year. Give some guys 10k bankroll with stcoks and they would be lucky to make 25% return.

 

[boatboatboat]

If I had 100k and wanted to make some major coin, I would invest in INDIA commercial property.

 

[Fishhead]

The stock market is much much safer way to churn out wealth. You put your money in the S&P last year and you got yourself 14% profit with absolutely no work whatsoever. I'd wager that's more than 90% of all sports bettors.

Gambling on sports is much more volitile, exciting, and has a chance for a quick buck.

Unless you have a ton of money working for you, you can't live off the stock market without outside income, and unless you are extremely fortunate you can't live off gambling for an extended period of time.

To most everybody, they will only be supplimental income.

Understand what your saying about the 14% being better than 90% of sportsbettors.......which is probably an accurate statement.

HOWEVER, for the other 5-10% that profit from sports, they can do much better than that.

In fact, for highly successful bettors, they will do MUCH better than this year in and year out.............until there BR is so large they cannot do so in such an unregulated industry as offshore wagering.

 

[Fishhead]

Lets slow down a bit here. I never used the word safe. I am talking about easier.

Give some guys a 10k bankroll to bet with in sports and they can 400% return on it in 1 year. Give some guys 10k bankroll with stcoks and they would be lucky to make 25% return.

They would be stock guru to do that on a year in and year out basis.

 

[Iceman]

They would be stock guru to do that on a year in and year out basis.

Right you are sir.


and a waste of time with a 10k br in the sports betting market!!!

 

[BarneyFife]

What about stock options?

I know they are very volatile and speculative, but do more people make significant money from betting sports or betting/trading in stock options? (I'm talking about just buying puts and calls for profit; not hedging equity positions. Same with sports; I'm not counting scalping and middling....just betting to win.)

I've always assumed the losers outweigh the winners 90-10 in both...

I don't know the answer, but one is legal in every state and one is only legal in one state.

 

[TOK]

If I had 100k and wanted to make some major coin, I would invest in INDIA commercial property.

I've been looking into things I can invest my money into...can you elaborate please? I've got about about 150K that I want to invest.

 

[boatboatboat]

For those of you with large bankrolls who are willing to take a risk, I urge you to explore India.

Imagine if 10 years ago you would have been able to buy land in China that was slated to be the site of a future industral park or a office complex.

India is right now today, where China was 10 years ago.

 

[TheRightSide]

Lets slow down a bit here. I never used the word safe. I am talking about easier.

Give some guys a 10k bankroll to bet with in sports and they can 400% return on it in 1 year. Give some guys 10k bankroll with stcoks and they would be lucky to make 25% return.

WOW ok Ice I will give you 10k and expect 400%. These are the kind of statements that makes others thonk this is easy. 400% is just a crazy figure to throw out there.

All you guys that think gambling on young stupid guys is easier than putting that money to use in the stock market is foolish. Ever hear of the stop loss on stocks. You can dictate how much you lose. In gambling if you get on TheWrongSide you lose.

 

[boatboatboat]

I've been looking into things I can invest my money into...can you elaborate please? I've got about about 150K that I want to invest.

do a web search for "invst in India".

I will say nothing more then that.

GL

 

[TOK]

For those of you with large bankrolls who are willing to take a risk, I urge you to explore India.

Imagine if 10 years ago you would have been able to buy land in China that was slated to be the site of a future industral park or a office complex.

India is right now today, where China was 10 years ago.

I've actually spent quite a while in India although I am not an Indian, and I have been interested in exploring some business ventures there. However, as far as I understand, a foreigner is not permitted to purchase most types of real estate, including undeveloped land, farm land, etc. I believe it is only completed buildings or homes. I'm not completely sure though...

 

[royalfan]

Expert SP 500 option systematic daytraders, which I will be soon, can make 25 percent on their money. This isn't what mutual funds do, which is why I am not going to be a mutual fund manager. Just want to do this now to make up for the income I will lose by not having pinny as an out any longer.

 

[boatboatboat]

I have heard, that you will have NO trouble finding an Indian business partner that is able to work with you and form a very profitable relationship for the both of you.

I have a very strong hunch, that if you were to return to India, that a simple phone call to a local developer would be quite advantageous.

 

[boatboatboat]

Expert SP 500 option systematic daytraders, which I will be soon, can make 25 percent on their money. This isn't what mutual funds do, which is why I am not going to be a mutual fund manager. Just want to do this now to make up for the income I will lose by not having pinny as an out any longer.

when you get set up let me know, I'll be happy with 20%, you can keep the extra as your fee.