There's a reason why I never got into sports gambling, and the Super Bowl confirmed it...
After watching what had been an admittedly exciting and entertaining Super Bowl 52, I quickly realized how events can go awry if you ever got hooked into sports gambling.
I don't mind taking risks; after all, everyone in the cryptocurrency investing sphere takes risks. But I don't like taking too many dumb, speculative risks, and betting on sports falls into that category.
Here we had a situation where the New England Patriots were heavily favored, which meant that betting on the Philadelphia Eagles was the astute gambler's choice.
But was it really the smart choice?
If it weren't for a few tight situations, the game could have easily gone towards the Patriots. And that would have made the conservative pick, going with the proven track record, the smarter choice.
In my opinion, sports has too many variables to make it a good investing platform, if you can even call it that. Add in the specter at least of sports rigging and I believe you have too many factors that can go against you.
Anyways, my congratulations for anyone who won money on the game!
It depends, the Eagles were considered underdogs by many, and even though I hardly know anything about this sport (I really only watch the Super Bowl and only the last minutes) I did read before the game and I came upon a guy who said given the Eagles' track record this year anyone who considered them underdogs was making a big mistake, I guess he made some money. And yes sports are not predictable, of course you hedge your bet by going with the favorite but there is no guarantee you will win.
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It's truly a tough sector. Perhaps some people have the gift of figuring out the game, the players, the teams...I just felt it was too much research for something that could go either way. Also, not too good for the ol' ticker!
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I recently had to take a break from sports betting as i have had huge runs on ncaa ball and then the problem with it is you never get satasfied so next bet I was going in harder,..
but with this market I decided I had to stop losing money for a little bit and buy back into all my old babys while they are this cheap...
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Yeah, I admire that high-roller culture, but I could never get a solid grasp on it; so many variables to account for!
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I think betting on sports you actually know and played at a professional level is not that risky. I played tennis for 16 year, so I knew a lot of top guys, their strengths, weaknesses, surface preferences, who they liked to play and didn't. but outside of that, gambling is called just that for a reason!
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Very interesting perspective...I think the allure of sports gambling is that it obviously caters to a male audience, and therefore, the male ego being what it is, they believe they know the game they're betting on, which can lead to significant problems!
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true that. but some people do know the game, like this dude! and while the end result wasn't cool the fact that he knew how to bet based on who was refereeing a game was very cool indeed. that being said, please gamble responsibly :) and just for entertainment if possible!
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The NFL has been fixing games a long time. Money to be made when u can bet the league narrative, but personally, I don’t do anything to support the state sponsored brain damage game or sports gambling. I prefer to get much better odds on my money.
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Yeah, I definitely hear you...lots of strange events and coincidences in professional sports in general, but certainly in the NFL.
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Been mafia run since inception
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