I'd say that sports gambling really is like daytrading. With sports gambling you can read statistics, news and other stuff and choose a winning bet. But "normal" gambling (as in casino) is definitely not like daytrading. In daytrading you can still have support&resistance and bunch of other indicators that can help you to decide should you buy or sell. And what can tell you if you're gonna guess a number in roulette or 21 in blackjack?
as I said in the last post, in my opinion the most important difference between gambling and daytrade is in the fact that in day trade people have the option of using Stop-Loss which allows them to reduce losses while game of chance when the person bets Is wins or loses, there is no longer any way for the person in the middle of the game to minimize losses. when I started making sports betting that was the main difference that I realized
Well, actually there is a chance for a person who is betting on sport matches to minimize his losses. For example, if you choose 10 pairs and win 6 or 7 of them, plenty of betting sites offer to forfeit other games and collect what you won so far. I think we can compare that to a stop-loss in daytrading.
I'd say that sports gambling really is like daytrading. With sports gambling you can read statistics, news and other stuff and choose a winning bet. ~snip~
However sports gambling cannot be equated with daily trading, even if you have to look at statistics like sports gambling, because in trading you must use real analysis such as mounting indicators. Whereas sports gambling as you mean just guesses based on historical data from previous matches.
Sports gambling is not just guessing based on historical data. Person who is betting can have info on an injury of a key player for some team. Or he can take a look at the table and see that a better team doesn't need a win and that can too be good info for betting.