What is the difference between a sports handicapper and a stock market picker?

[Bucky]

No, not a knock-knock joke punch line.

But, after no sports betting for a couple of months perhaps, maybe a few picks - a little action with some ETF's would fill a void???

I said about 20 years ago to friends that sports handicapping is less of a gamble than picking stocks and it is possible to make more money in sports with a 100k bank that it is in stocks!

Thanks for not mentioning that I am an immediate gratification guy.

 

[FairWarning]

If you’re a modeler, no difference.

 

[Almost Allright]

Sports probably less chance of being rigged

 

[billysink]

the wagering game more evolutionary than the investment game.

Until this year lol.

 

[Valuist]

Chance of decent profit much better in stocks. It's not a zero sum game. Tough to make better than a 5% ROI in sports.

 

[FairWarning]

the wagering game more evolutionary than the investment game.

Until this year lol.

It’ll be good classroom discussion in 10 years - What percentage of the global economy tanked because of risky finances vs the pandemic’s role.

 

[Heim]

.......

 

[Stevo]

Chance of decent profit much better in stocks. It's not a zero sum game. Tough to make better than a 5% ROI in sports.

This^. Been doing Stocks 40 years and sportsbetting 20. Not being a pro gambler much tougher for me to pull trigger on something where I end up with 0.

If I'm wrong on daytrading Microsoft I lose but still have Microsoft at end of day with a shot at comeback. Hence not a zero sum game as Valuist mentioned.
In addition to that there have been several market events (crashes / tech boom) where the average investor can score big.

You have to be much more talented to beat -110. Very few average bettors gonna beat it over long run. JFC it's hard.

Just my experience. Everyone is different.

 

[Stevo]

One more thing and it's not said in jest. The NYSE can not ban you because you are a winner. Books can and do. It's their right who they want to do business with.. Just another barrier a good bettor has to overcome.

 

[Bucky]

My belief is that you have to eat it, breathe it, sleep it to be good at either one.

Value is value is value in both venues. SCIENCE wins out over luck.

My thought was it is hard to do both at the same time but this is a perfect time for sports handicappers to stick their nose into the stock market and pick a few winners.

 

[billysink]

It’ll be good classroom discussion in 10 years - What percentage of the global economy tanked because of risky finances vs the pandemic’s role.

well I said long before the pandemic that fair value for the Dow was 24500.

We moved from the initial bubble to close to that and then sold off to 18500 or so. Free money brings us to today, again around 24500.

When the free money is seated, the truth will show face. If it finds its way to line pockets (equities), the economy is done. If it finds its way to direct investment, inventories or the money supply, you have a shot.

A quick look tells me you are doomed no reason for stocks to show fair value right now. But they do.

Cash and solid gold, silver.....

 

[Stevo]

well I said long before the pandemic that fair value for the Dow was 24500.

We moved from the initial bubble to close to that and then sold off to 18500 or so. Free money brings us to today, again around 24500.
.

Right where I pegged it also Billy. Sold right between 24/25 and I posted it other spots. Then sat in cash waiting for a normal sell-off. Then I had to feel wrong as we went to 29.5 and I said if if breaks 30 "fuck". Sat just dabbling all that time and then what happens? Pandemic. So if I don't die. Lucky.

 

[dogball]

My belief is that you have to eat it, breathe it, sleep it to be good at either one.

Value is value is value in both venues. SCIENCE wins out over luck.

My thought was it is hard to do both at the same time but this is a perfect time for sports handicappers to stick their nose into the stock market and pick a few winners.

i like the eat it, breathe it sentiment.
do you follow BTC ?
where do you think market is headed short term

 

[Bucky]

BTC - the way to make some money would be a miner. To follow the charts - be an expert on the fundamentals and technicals would be a big learning curve that seems to be irrational.

Sure, you could gamble and speculate but I would want to be able to define value first. If there was a bitcoin school - I woud go! LOL