Comments on: Viewing sports betting as an investment

By: JP

JP — Sun, 30 Dec 2007 01:40:08 +0000

Hey I have a sport investment site as well, everyone should check it out!

By: James

James — Mon, 05 Nov 2007 12:20:36 +0000

I totally agree that it can be considered an ‘investment’. However, the bottom line to me is sound discipline and the use of common sense. To me it’s about realizing you are not going to win all the time and viewing any wager as a loss before you begin. If you win then you are ahead and all the better, but if you lose then the outcome has already been taken into account.

Above all have fun doing it.

By: Jodie

Jodie — Thu, 01 Nov 2007 00:47:23 +0000

Number 15 says it all. But contact stockbrokering WOULD make the margins slimmer . . .

By: Fishbean

Fishbean — Wed, 31 Oct 2007 17:20:43 +0000

Well, I generally agree with you: everyone has to hit a long losing streak at some point. That said, PickLogic hasn’t had anything more than 5 games since they started (at least, that’s what their results page says)…what if they go another 3 years without a long streak? You’d have made quite a bit of money by then.

I’ve been doing it for almost 6 months now, and there have been some bumps in the road, but I’m still up a little over 17% since then. (And really, I’m up more than that, since I’ve never really had the full amount that I started with at risk.)

I wasn’t there for that $2720 bet (and I’m doing a $25K account, so for me, that would have been a $6800 bet), so I don’t know if I could have followed it all the way through…but for the people who did, they’ve had a huge year.

Again, I’m skeptical too, but it sure seems to work, and it’s certainly more of an “investment” than gambling, if you ask me.

By: T.O.

T.O. — Wed, 31 Oct 2007 16:41:23 +0000

I’m familiar with PickLogic.com, and find them interesting. I would personally be very nervous with an approach like that in which they chase their losses by increasing their bet sizes until they win. That’s a road to ruin if you hit a long losing streak, and everyone will sooner or later. Look at their betting record for the last 11 days of December. They started at a bet of $80, which is very reasonable, but after five losses in a row their sixth bet was $2,720. They won that, but they could just as easily have lost that and needed a much bigger bet the next time. Sooner or later in that kind of an approach you will run into the limits of your bankroll or the limits imposed by your sportsbook. That’s certainly not an approach that would make me comfortable.

By: Fishbean

Fishbean — Wed, 31 Oct 2007 04:45:43 +0000

If you’re really talking about using sports betting as an investment, you should look at PickLogic.com. Those guys are doing it right — but it’s not really entertainment to them, it’s truly about making money.

By: Joe Blow

Joe Blow — Wed, 31 Oct 2007 01:16:03 +0000

#1 reason not to: unlike a real investment, nothing is produced, and it is a zero-sum game.