Tag Archive for betting

Betting – A game of luck or skill?

It’s commonly debated of whether sports betting should be considered a game of chance or skill. As we all know, there is an element of randomness involved in sports betting, as with any form of gambling. There’s no way for us to fully determine the result of future events, and there are always unlikely things that can happen that makes even the most certain bet lose. You can read more about the element of chance in sports betting at sites like apuestasdeportivos.es. With this logic, it would be easy to say that sports betting is based mostly on luck, and our successes are just random. But then again, would you call a Wall Street trader a gambler, for example? When you trade stock you are doing pretty much the same thing as when you are betting on sports. You “bet” money on a stock that you think will increase in value. If it indeed does increase in value, you make a profit. On the other hand, should you be wrong in your prediction, you will lose money on your trades.

Personally, I wouldn’t define sports betting as a game of chance per se. It’s no way near as random as casino gambling for example, where we have no chance whatsoever of predicting the outcome of the game. I would agree that someone with no knowledge about the sports world taking bets at a bookie would pretty much be gambling with his money, and this is because he has no idea of knowing which team is likely to win, or to know if the odds he is being given to place the bets are any good. This would pretty much be like putting you money on roulette, for example.

On the other hand, a person who is extremely well informed when it comes to sports will have a great chance of making “the right decisions”, just like a star trader on the stock market is likely to make profit by closely analyzing the market trends. Then it’s not really about gambling anymore. It all comes down to knowing more about the game than the people who sat the odds for that particular game. Sure, the element of randomness is still there, and every now and then bad luck will strike and a bet that was totally spot on will lose. But the thing is that a professional bettor makes a lot of bets, so the few times that he is wrong will be made up for by all the successful bets he makes. You can find some really good betting strategies at pronosticoquiniela.eu, which is a sports betting central that can be found here.

It’s important to realize that no matter how good you get at sports betting you get, you will never win every bet that you make. The whole key to success in sports betting is to win more bets than you lose, and even the greatest of bettors expect to lose a fairly large amount of bets from time to time, but as long as you are right more often than you are wrong you will make a profit from betting on sports.

So to conclude this article, I would say that from my point of view, sports betting can only be considered gambling if you have no knowledge about the sports you are betting on. People that do put time and effort into getting to know the sports they are betting on I see more of investors than gamblers. That said, I still think that most bettors don’t put enough time into reading up on the games they bet on, and that is why a lot of people tend to lose money on sports betting. One of the best places to find information on strategies and sports betting tips is on apuestas deportivas, which is a betting hub for Spanish punters.

What type of asset should I trade?

If we take the two most popular financial trading methods amongst hobby traders, Binary options and Forex trading, there are two things that set them apart. First of all, they are two different types of trading in general, but I’m sure you knew that. Forex trading lets the investors buy an asset then exchange it at any time, preferably when it has increased in value so that the investor will make a profit. In binary trading the investor will “bet” on an asset to either gain or lose value within a timeframe that is specified before the bet is placed. He then gets rewarded if he’s right, but loses his full investment in case he is wrong. This means that in Forex trading, the investor can cut losses by selling an asset when it starts to fall on the market, which is something binary options can’t offer. On the other hand, binary option trading offers much higher rewards in a quicker time thanks to the large payouts that comes with a successful investment.

The other thing that sets the two apart, is the types of assets the two trading forms has to offer. Forex trading, as the name suggests, is mainly focused on trading currencies on the foreign exchange market, such as EUR, GBP, AUD, USD, JPY and NZD, although some Forex brokers do offers a slightly broader range of assets, including commodities such as GOLD or OIL. Binary options, on the other hand, have the advantage of letting the investor choose between a wide range of different assets. You can find a good site listing a large selection of binary assets on this link. This is because the trader doesn’t actually buy anything when he invests in an option. He simply puts money on the outcome on a specific event, much like a punter will put money on the result of a football match. Because of this, binary option traders can choose to invest on many different assets on the Currency market as well as the Stock-, Indices- and Commodities-markets, which is a really big advantage, especially for the experienced trader who trades on different markets.

So what sort of asset is the easiest to trade? Well, the answer is quite simple. You should only trade the assets that you know something about; otherwise you’re pretty much gambling with your money. If you get in to the binary options market with a background in forex trading, you will have a good chance of being successful when you trade currency pairs. On the other hand, if you, for example, work in a financial environment that involves the stock market, then you should have a pretty good idea on how to predict the future trends of certain stocks that you overview on a daily basis. This being said, I don’t mean that you should limit yourself to just one asset! You should always try to be broadening your horizon, and as you learn new things (which you can do on this website!) while trading, you will gain new knowledge which you can use to your advantage.