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Joined: 08/14/1998 Posts: 15800
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You can control those outcomes to a much greater degree, not just by..

..hedging (which, of course, you can do to a degree in gambling) but also by closing your positions.. which is typically not an option with wagers on a sporting event.

And also diversification and other strategies etc etc

I'd even argue that in financial market investing there are things you can do to give yourself an "edge". I know there are folks that feel that way about betting on games.. and on some level they'd be correct.. but not to the degree you can in the financial markets.

Finally, while some will undoubtedly say that financial markets are "fixed" to give the house an edge, just as in sports gambling, the "democratization" of the process has all but eliminated that dynamic insofar as any "juice"is concerned.. while the juice is still quite alive and well in sports gambling.

Finally, there is no sports gambling corrolary to dollar cost averaging and buying and holding index products. Over the long run, stock investors who have bought, held, and dollar cost averaged have always "won"... even without having any specialized expertise. In sports gambling, as in all organized gambling, over the long run the "house" always wins... it is a structural reality of the business that only an extremely small minority of individuals with the requisite gift/expertise can, over the long run, "beat".
[Post edited by EAPo at 09/27/2021 11:17PM]

(In response to this post by HOOfan_1)

Posted: 09/27/2021 at 11:11PM


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