How Betting On Sports Sometimes Is Not Much Different from Online Trading
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How Betting On Sports Sometimes Is Not Much Different from Online Trading?

Betting and trading have been around since the dawn of mankind, but they never conquered the humanity this vastly until they had gone online. And they always kept their lanes separate. The modern sports betting and trading arenas bloomed in the ’90s, only to turn into multi-million online industries a decade later. The market and the man of today are in constant demand of stimulus from new products. Industries’ quick jump to respond to the high demand, which seems to slightly blur out once clear lines between them. What makes them so appealing and where do they cross paths?

From excess wealth to wealth in excess

The urge to gain wealth becomes almost a physiological human need same as food and water, shelter, healthcare and education, as it is providing means for the fulfilment of all the fundamentals and more, at once and without restraints. Sports betting and online trading both involve capital transfer without capital creation. Both used to be “reserved” for people with excess wealth, those that simply had all their fundamental needs well taken care of. Online trading and sports betting are religion, skin color and IP address – neutral, and just a double-click away. Being online and at hand, they are no longer limited to those of excess wealth, rather those in need of wealth in excess.

Big skills make big punters

Sports betting and online trading involve numerous mathematical, analytical, strategic and mental skills and techniques, blended closely together into a winning pattern. No winning bet and certainly no successful trade ever relied on “educated guess”, especially not on the long run. Sure, every now and then a bright exception emerges and a beginner’s luck or positive stellar constellation comes into place. Rest assured that behind every high roller, there is a set of highly valuable, interwoven skills, that took him proper years to develop and to fine polish to proficiency.

Don’t be a bar stool pundit! Even when you choose to try out something that looks as easy as binary options trading, don’t go with the horoscope, gut feeling or lucky numbers. Take the time to educate yourself. Read numerous strategies, guides and reviews to find the market actors you feel positive in engaging your money with and those reports you can truly apprehend well and follow easily. All of this will help you grow your skills big over time. Your punts will not lag. Bear in mind that it takes time and that you should prefer steady progress and steady profits, over a one-off jackpot. If nothing, the latter is really seldom and highly unlikely.

The “better bet”

What surprises is the perception of the participants in either sports betting and online trading. It is undisputed that both of the activities truly require devotion, discipline, passion, patience, persistence and knowledge, but also courage and confidence. Growing them will not only grow you as a punter or a trader but as a human. Usually, success in betting or trading establishes the participant as an authority. Usually, a well- established punter or a trader is asked to join the sports betting or online trading community as a mentor – providing educational content, sharing their strategies, tips and tricks. He is often quoted, even praised and more often, credited for his expertise. On the other hand, those that venture in the actual sports betting or online trading, those that take action, regardless of the knowledge or their success, are perceived as losers, addicts and are often being marginalised for their “passion”. Is there such a thing as a better bet?

Charms of the Unknown

Probably the most obvious and the most dangerous similarity that sports betting and online trading share is the unpredictable outcome. The unknown makes the blood in our vanes run faster. The unpredictable give us goose bumps. The unknown drives us to explore. We also fear it. We might become addicted to it. Seems that betting and trading hit right to the core of human nature – our essence, our primal and our deepest.

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