At What Win Rate Does Betting Stop Being Gambling and Become Investing?

Proud of you butt.
 
MadMarket
Back to the topic - I think there's also a practical element beyond just win rate.

If you can't get enough money down due to limits, it doesn't matter if you're 60% accurate. You're not making meaningful income.
 
Excellent point Fade. The market itself determines whether betting can be investing.

If books limit you to $50 bets, you can't scale it like a real investment. That's a key difference from stock markets.
 
Liquidity and market access critical factors.

Stock market: billions in daily volume, unlimited access.
Sports betting: limited access, books ban winners, cannot scale.

Structural differences suggest betting cannot truly be investing for most individuals.
 
Basically yes. You can make supplemental income if you're good, but you can't build a portfolio like stocks/real estate.

That's probably the real distinction. Not the skill level, but the scalability.
 
Correct analysis.

Skill necessary but insufficient. Market structure determines whether activity can constitute true investing.

Sports betting fundamentally limited by access and liquidity.
 
This is why sharp bettors run syndicates with multiple accounts. Trying to get enough volume down.

But even then, you're fighting the market to get action. Not a great investment thesis.
 
Princess that's honestly not a bad approach for most people.

Treat it as entertainment with an entertainment budget. Don't stress about ROI.
 
Agreed. There's nothing wrong with gambling for entertainment if you can afford it.

The problems come when people either: (1) bet money they can't afford, or (2) convince themselves they're investing when they're really gambling.
 
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