Online Betting As An Investment

A couple of my subscribers mentioned to me that I didn’t post my usual image of the bet I placed¬†when I wrote the post on how online betting investmenteasy it was to place a bet with Sportingbet. When I wrote back to them that the reason there wasn’t an image is because I did a video in place of the regular image. Honestly guys, you need to watch the video. ūüėČ

One then wrote back and said how my win was a pretty good investment. To tell you the truth I’m not comfortable using the term investment and online betting together. This is all to do with Responsible Gambling.

Online Betting Not An Investment

Guys, no matter how you look at it online betting is not an investment. Betting, whether it’s online or not is gambling. Because it’s gambling you should never bet more than you can afford to lose. I say this because it was brought to my attention that particular bet returned more than 50% on my original investment.

Now, there is a difference between and investment and a wager. Lets just say that I put that $10 in the bank at 4% interest. At the end of the year I would have $10.40. Some would say that was a pretty poor return on my initial investment and while that is true the biggest difference between that investment and a wager is it’s always there.

Sure, because I won the bet my original $10 wager earned me $15.50, a 55% increase. And yes that is a bloody good return, especially because I got it in about a week. But gambling being what it is I could just as easily lost that bet meaning I would end up with nothing. That would have been a very bad investment. At least if I left it in the bank I would still have something at the end of the year/

This is why it is so important to only bet what you can afford to lose. That way even when you lose it won’t affect you financially and it won’t ruin the added excitement from watching the game you bet on.

Changing the Game: Profiting From Your Passion for Sports Betting

Changing The Game Review

As much as I would like to I can’t afford to buy all the sports betting guides out there so that I can write a personal review. It would be nice if the authors would send me a copy for review but I don’t see that happening anytime soon.

What I have managed to do though is to purchase a tool that allows me to pull certain information straight from the Amazon site where these products resides. The only ones that I will actually post on this site are those that have a majority of positive reviews.

The one thing that I love about Amazon¬†is that they post all the reviews from customers, both good and bad. This allows future customers to purchase a product with a lot more confidence. I’ve personally purchased many products from them and I’ve never had any complaints.

For the first review I’ve chosen the book, Changing the Game. That¬†link will take you to the Kindle version. If you haven’t got a Kindle¬†its a great way to read books as well as having¬†heaps of other multi-media features. Not to mention that the Kindle version is always a lot cheaper than the printed version of a book.¬†But back to Changing The Game.

The author,¬†William O. Hall, III happens to be¬†a professional money manager and lifelong sports fan. He’s also an experienced Wall Street veteran ¬†specialising in simplifying investment solutions so they can be easily understood and implemented.¬†Having a unique ability to make money on the stock market he has applied his skill to making money by placing bets on sports.

Although his book refers to American sports I’m sure it can be applied to any of the world’s popular sports.

¬†It’s time now to let Amazon take over so we can have a deeper view at what Changing The Game is all about and what actual customers ¬†think of the book.