No kidding, unless you are still living in the Internet Dark Ages, you have most likely come across an app for your iPhone or your Android that promises to take away some of the drudgery associated with sports betting. Naturally, this assumes you are taking your sports betting seriously. You are taking your sports betting seriously aren’t you?
Why bother with an app anyway? Well, look at how the whole sports betting world has changed over the last four decades or so. Do you remember that there was a time when you manually crunched the numbers with a calculator? Numbers that you had tediously written down with your pencil?
The next big thing was the spreadsheet. Wow, suddenly you could type all of your stats into a worksheet and then magically, the numbers are spit out for you instantly. Yet even with this marvelous technology, far too many so-called serious sports bettors didn’t bother with doing the meticulous work of tracking. You know, tracking things such as your picks, your wins, your losses, your profit overall, that sort of thing. So, even with the move from computer from pencil and paper calculations, for most people the tracking just never seemed to get done.
However, now you have a relatively new option that will do away with all of your excuses for not tracking. As you might have guessed, this marvelous new technology is the app. Whether you use an iPhone, an iPad or an Android device, nowadays there really is an “app for that”.
These modern sports betting apps do most if not all of the hard work for you. From a detailed analysis of the types of bets you normally make to your win lose statistics and much more. You see, for the average sports bettor, the real issue is that they don’t know what they don’t know.
On the other hand, a sports betting app can show the sports bettor at a glance whether he is on track to meet his win lose goals for the year. Just as importantly, these apps could reveal clues to your betting style that you might not even be aware of. Consider, nowadays there is more computing power in your Smartphone today than a sports book with a roomful of clerks and calculators not too long ago.
If you are not yet using a sports betting app perhaps it is time to take a closer look.
There are those that liken sports betting to stock trading. Depending on which side of the aisle you hang out on, you may agree or you may disagree with this comparison. Yet, hold on a second. Stop for a minute and look at this from another perspective. Does this comparison even makes any sense?
First up, look at some commonalities between these two activities. How about the most basic of basics? In sports betting as in stock investing, you are necessarily dealing with “the numbers”. Good, bad, or indifferent, success in the long term for either activity means getting comfortable with the numbers.
Here’s another one for you from Betbubbles. It turns out that in both stock investing and in sports betting, the crowd is usually wrong. In other words, following the crowd in either activity will most likely lighten your wallet. Think about it this way: the best stock investors in the world, say like Warren Buffet, take the time to find undervalued companies. Similarly, the most successful sports bettors do their homework and find the game, the team, the event that may be overlooked by most.
Still another similarity you can point to with sports betting and stock investing is the fact that skill is involved. Even the weekend warrior will do at least a little bit of research before opening up his wallet. Back to the skills. Of course everyone recognizes the values of skills in stock investing.
Yet, there is a skill set needed in successful sports betting also. Remember that sports betting is unlike other online casino games such as online slots where you just hit the Spin button and pray. No, the most successful sports bettors typically have some sort of system to analyze their options before placing their wagers.
On the other side of the table however is one glaring dissimilarity between the two activities. This dissimilarity involves the ability to hedge. In this case, the stock investor comes out on top. As you know, a stock investor can effectively buy protections for his investments such as stop loss orders, that sort of thing. Sports bettors? Not so much.
As you can see, there are quite a few similarities between stock investing and sports betting. Perhaps the most significant difference is one that is not discussed above. This is the idea of perception. In some circles, sports betting is still looked down upon whereas stock investing is looked at as a professional, even honorable activity.