Gambling Or Investing: Which Is The Better Bet?
For many people, betting is just a form of entertainment, or a fun way to enjoy a fanciful flutter at the bookies in the hope of making a quick profit. We want to put this idea to rest; while betting can be great fun, it’s also a serious way of making honest money and shouldn’t be seen as all that different from traditional investments. While dictionary definitions of ‘gambling’ and ‘investing’ might sound a bit different, they’re actually pretty similar deep down.
Many people think ‘investing good, gambling bad’; gamblers play fast and loose with money while investors make carefully considered decisions about where to place their finances. It’s all just hyperbole – at Betting Gods, we don’t advocate that our customers simply throw their money at anything with odds. By taking on expert advice about the top bets to place every day, Betting Gods’ customers are taking informed, considered chances – just like good investors.
Of course, betting isn’t low risk, but neither are most investments. If you put your money in a stocks and shares ISA and choose which stocks and funds to invest in, you’ll soon find that each fund comes with a track record of losses and gains, and very few funds will be making only gains, even those managed by world-leading investors. No investments are risk-free.
Some people will tell you that gambling is addictive, while investing is not. Two factors come into play here: first of all, this is simply a fallacy. If we were to compare gambling with day-trading – the act of taking money in and out of stocks on a daily or even hourly basis – you will likely find that each is as addictive as the other. It is the emotional involvement in gambling (and day-trading) which makes people liable to lose control, but this is by no means a necessity in gambling.
Secondly, you yourself will probably have an idea as to whether gambling is dangerous for you. At Betting Gods, we advocate gambling as a healthy and moderate way of earning money for those people who feel it will work for them. Our strategy does not involve placing ever-increasing amounts of money on high-risk options; it is a long-term, low involvement strategy for financially conscious individuals who are interested in making modest but significant profits over a period of time.
It’s all a matter of perspective
One of the biggest differences between investing through a traditional stocks and shares ISA and investing via betting is that betting requires you to be more involved, because you’ll be placing those bets every day. While this means you see those great wins and profits regularly, it also means you will have to get used to seeing losses regularly too.
While investing traditionally isn’t really any different, you can get away with simply checking your statements annually and seeing your money go up; the speed bumps your savings will inevitably have hit along the way will be smoothed over and forgotten about. As with investing, long term gains are what matters when you’re betting regularly. Even if you lose two bets out of three, as long as your wins make up for your losses, you’re still making a profit.
As an example, you can take the track record of one of our top tipsters, Big Race Bookie Busters. This tipster has produced a £4,328.30 profit since 1st November 2014 using £10 per point stakes. This is equivalent to a return on investment of 23.99% – much better than a cash ISA and better than most stocks and shares options – after an average of 30 to 40 tips each month via email. This total profit gain is calculated from the net profits of both tip wins and losses, showing that, while some tips don’t end in profits, overall our tipsters do tend to win out.
The benefits of betting over traditional investments
There are many reasons why some people consider betting to be a preferable alternative to traditional investing when it comes to making money with their savings. Betting provides a constant turnover of cash; obviously you don’t win every day, but you will win often enough that money is more likely to trickle in on a regular basis. For example, our tipster The Sports Guru produces (at time of writing) an impressive average profit each month of £315.07, based on just £10 per point stakes. Conversely, stocks and shares investments are usually intended to be left in the bank for years at a time, and so the income you make from them isn’t always readily available.
You also don’t have to start with a large amount of money to do well in betting. Most of our tipsters encourage customers to put down £10 stakes at a time; this way, the loss risk is relatively low and our services are accessible to everyone, regardless of income. Most investments don’t become worthwhile until they are worth a considerably higher sum, and so many feel priced out of the investment game.
It’s not what you’ve got, it’s how you use it
The lines between investing and gambling are certainly starting to blur. The truth is that whether you’re risking your money in stocks and shares or on a horse race, neither is necessarily safer or more profitable than the other; it all depends on the choices you make and the attitude that you have towards your money.
By making informed and well-reasoned decisions, such as the ones advised by our expert tipsters, many gamblers are able to see good returns on an annual or even monthly basis. It’s these gamblers, some of whom manage to make a living from betting, who most successfully manage to transform a hobby into a viable source of income, and are in essence more like investors than anything else.