Poker and Sports Betting

In college, this issue was the subject of many late-night debates among my friends. I often stand on the side of the discussion, only to be moved by the articles I read this week, and take the opposite view next weekend.

"There are many factors to consider here. I remember one of my main points is that I read somewhere that successful sports bettors make a lot more money in this regard than poker players or any other gambler."

Today, I am more prepared to solve this problem than 20 years ago. Let us see if we can provide an answer! My goal is for you to compare the two types and determine which is more suitable for you as a gambler.

Similarities Between Poker and Sports Betting

Perhaps the most important similarity between playing poker and betting on sports is that you can choose one of them as a career. Both poker players and sports bettors earn a certain percentage of their income from disciplines of their choice.

I have a professional poker player friend. He is a talented person. He revealed to me that although his poker income is a livable income for most families, it only accounts for 20% of his annual salary. I also recognize that poker players, almost 100% of their income comes from playing poker, and they can hardly pay their bills. My father still refers to these types as "unemployed." All relative

In this article, I looked at the percentage of actual profit made by poker players. This number may surprise you. It turns out that 90% to 95% of poker players report a net loss over time. Obviously, this means that the actual number of professional players is small. Although I don't have the same data on sports bettors, I can assure you that its percentage is very low, maybe even lower. In any case, if professional gamblers choose poker or sports betting as their skills, then both are in line with the facts: they look for advantages, have a certain advantage over the house or their competitors, and will strike when they find an advantage. This advantage is how professional gamblers can easily stand out from most long-term loss-making gamblers.

Poker and Sports Betting Similarities Continue

If you want to make long-term profits in both of these areas, you need proper fund management and ensure that it is large enough to withstand losses. The results of sporting events may be as random as cards, and there is no certainty.

NOTE:
"If you take advantage of mathematics when gambling, you may expect to win gradually over a longer period of time. This is because, in a smaller sample, the results may swing."

Think like a casino. Some gamblers have increased Las Vegas’ income by hundreds or thousands of dollars in a short period of time. The casino is not too worried, because many losers walk through the gate every day. What if the casino's funds are too small to stay in the game for a long time? Well, it will go bankrupt soon. This is similar to the funds you need as a professional poker player or sports bettor. You must be able to spend the time Goddess of Fortune leaves the building.

If you have $1,000 in your funds, the maximum purchase amount should be $50. period. When you increase the size of your funds, you can increase your bet. If sports betting is your game, the percentage drops significantly. A bet must not exceed 2% to 3% of the total funds. Some experts have strict rules and must never bet more than 1% of their funds in a single game. Sorry, but if you want to start earning $100 per game, you'd better have $10,000 in funds.

CAUTION:
It needs to be clear that this fund is a designated currency for gambling.

If you have $2,000 but have not paid the rent and bills, you do not have $2,000 in funds. And, if you treat me like this, I certainly hope you have a family where you can do whatever you want.

These Gambling Activities Are International Affairs

Not long ago, professional gamblers were mainly "locals", which meant they tended to be limited to small areas. Most poker players are limited to playing local games. They did not go abroad to participate in major tournament/" title="tournament">tournaments, at least not as we see in modern poker today. Sports bettors are of course limited to their local bets. In most cases, you know them through acquaintances, or meet him at a local golf course. But the Internet changed everything.

Poker and sports betting suddenly opened the way for millions of new customers. Suddenly, you can now compete for real money at a high level. Due to Malaysia's gambling laws, most online casino malaysia and sports betting are operated internationally.

PLEASE NOTE:
While the federal ban on sports betting ended a few years ago, in 2018, many states have yet to adopt legislation allowing the practice.

Please make sure to represent the Malaysian gambling community well at all times when dealing with these international companies or other competitors.

The Online Poker Pro Is a Dying Breed

For ordinary poker players, you can make money by playing real money poker online instead of making money. Nowadays, even good players are sad. In this modern age, your opponent may know your own tendencies better than you.

Not to mention, in the early days of online sports betting, they charged higher fees than physical casinos. This puts online gamblers at an extreme disadvantage, but those days are long gone. If you play cards correctly, you can still live by any kind of gambling. For poker players, this requires you to spend more time on the table to get a small victory. In some respects, poker may not be as volatile as sports betting. Most of the reduction in variance is the amount you bet per hour. On the other hand, sports bettors place much larger bets, but only bet a few times a week.

PLEASE NOTE:
In poker, you can just fold until you find a situation where your winning probability is over 70%, and bet heavily only in those scenarios.

Rarely, if at all, you will find yourself betting on sports with a close probability of winning. The world's most profitable sports betting players have a shooting percentage between 53% and 58%. It may sound low, but the percentage of empires is 56%. Just ask Billy Walters.

What's an Acceptable Return on Investment?

Obviously, the higher your return on investment, the better the effect. Poker players usually use return on investment as a measure of success. The benchmark for top poker players on the planet is between 25% and 35%. Again, this number may not sound like much. For sports betting, the bar is not very high, because the bet is much higher and the profit is much smaller. Your goal should be between 5% and 15%. That is that you are one of the best in the industry. Don't be angry about disc when you don't find these numbers right away. It takes time to hone your skills, and even if you honed the sword completely, you still have to learn the nuances of making money with money. Return on investment is not the only measure of success.

PLEASE NOTE:
I don’t suggest you get so caught up that you completely lose sight of what is of paramount importance—making money.

In addition, ROI is still a useful indicator for tracking. Suppose you are going well and your funds are growing steadily. In this case, if you have a clearly defined return on investment, you will be more at ease when increasing the bet amount.

Conclusion

Poker or sports betting? Which is better to make money?

Truthfully, this is not as simple as picking one or the other, because the answer varies from one individual to another.If you’re an expert poker player, but know little about sports, you should probably stick to poker.

If you are lucky enough to be proficient in both languages, you must do it! Good luck in gambling!