So Money is a weekly Podcast held by Farnoosh Torabi where they discuss various topics having to do with money, and particularly, the best ways to make money. Farnoosh has touched on sports betting a number of times as a great way to capitalize on a solid investment and create a sustainable source of income for yourself outside of your career. While we appreciate Farnoosh acknowledging the elephant in the room that is sports betting and how quickly in can make you a lot of money, we do think she sold it a bit short by not fully explaining the kinds of returns and investments that people have the opportunities to make in the realm of sports wagering.
Farnoosh mentions the return on investment being comparable to that of the stock market, this is a severe exaggeration which benefits the stock market. Truth be told, no other investment can keep up with the payout of a solid sports wager. Depending on the odds of the game you’re wagering on, a sports bettor can double or even triple their entire backroll on a single play within just a few very short hours. The stock market has no such options as usually your returns are drawn out over a long period of time and usually have caps for what you can earn as your return on investment. Also, in terms of the actual payouts themselves, the stock market is usually based in terms of percentages like anywhere from 3% to 15% is considered a good return on your original investment. That’s nothing compared to being able to double up on a single quarter in a basketball game, or even tripling up through a simple parlay wager.
Regardless, sports investing is clearly the better options out of the two. Farnoosh did portray that, but we felt like she left out a few facts that even further the case being made for sports betting over investing in the stock market. When you consider that you basically have a 50/50 chance of guessing the winner of a sporting event, and then you take into account that you can hire professionals like our very own Jon Price to help walk you through the steps of being a successful sports bettor on your own, then you realize your odds are better than 50/50 and the only thing standing between you and making big and easy money on betting on sports is you hesitating to make the call. So sign up today on our homepage or give us a call and let one of our analysts help start you on your path of successful sports wagering starting today!
