Sports Betting Or Gambling ? | Bitcointalksearch.org

Oilacris

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Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

There are people who play gambling only while there are others who prefer betting only.
Do you think both of these type of people have different mindset and one of them is willing to take more risk than than others ?

Also do think that gambling is for the entertainment and earning money too but people do betting only to earn money and there is no element of fun involved in it.

Does betting is just the same with gambling? It is just the same and they do only differ out in terms on how its been done or on the things get involved because if we do try to look upon then

they are been differently been executed and of course it is different in terms of games been played but in overall or general essence it is really just the same. Luck based and Strategic based..

Its up to someone on which one he would really be engaging on because each of us does have its own preference on the game that we do tend to play.

pinggoki

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Betting and gambling pretty much fall under the same boat which is gambling of course. To see people preferring one over the other is fairly normal and is to be expected from our pattern-loving brains. Plus, it all depends on what sports is it they are betting on. Some games are pretty much coin-flip while others may be well-predicted through research and information gathering, but in essence these two are one and the same.

Quote from: Fortify on August 22, 2021, 02:11:51 PM

Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

There are people who play gambling only while there are others who prefer betting only.
Do you think both of these type of people have different mindset and one of them is willing to take more risk than than others ?

Also do think that gambling is for the entertainment and earning money too but people do betting only to earn money and there is no element of fun involved in it.

The only question that really needs to be asked is whether the house (the casino/sportsbook) has a long term edge over the gambler. They almost always do, every sportsbook will be backed large and up to date statistical analysis across every sport they allow you to bet on. Over the short term a person might be able to out-think them on a few odds and make a profit, but if you play for long enough then you're basically competing against artificial intelligence with much more information than you could possibly process. Virtual casino games are even worse because there are fixed odds across all games which you mathematically cannot defy. Both types of gambling companies have been making record profits from bored people during Covid, that should tell you everything you need to know.

I completely agree with this claim but then again the house will always do its best to win even when you're winning. A house that is not winning will not be able to Garner customers anyway. This is why gambling should only be taken as a recreational activity and never as a primary source of income, because you can never win against the house.

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Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

There are people who play gambling only while there are others who prefer betting only.
Do you think both of these type of people have different mindset and one of them is willing to take more risk than than others ?

Also do think that gambling is for the entertainment and earning money too but people do betting only to earn money and there is no element of fun involved in it.

The only question that really needs to be asked is whether the house (the casino/sportsbook) has a long term edge over the gambler. They almost always do, every sportsbook will be backed large and up to date statistical analysis across every sport they allow you to bet on. Over the short term a person might be able to out-think them on a few odds and make a profit, but if you play for long enough then you're basically competing against artificial intelligence with much more information than you could possibly process. Virtual casino games are even worse because there are fixed odds across all games which you mathematically cannot defy. Both types of gambling companies have been making record profits from bored people during Covid, that should tell you everything you need to know.

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Quote from: South Park on August 22, 2021, 01:31:58 PM

Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

There are people who play gambling only while there are others who prefer betting only.
Do you think both of these type of people have different mindset and one of them is willing to take more risk than than others ?

Also do think that gambling is for the entertainment and earning money too but people do betting only to earn money and there is no element of fun involved in it.

People are free to choose whatever they like the most, if they prefer sport betting as they like the idea of adding even more fun to the sport they prefer then they can do so, and if they prefer to concentrate in games that are exclusive to the casinos then they can do the same, personally I like both and I just pick the one I feel like at the moment, and about making money with gambling we know it is possible but only a minority can do it so do not concentrate too much on that topic.

Yes, we all have different tastes, and if people like betting and are content with it, there's nothing we can do about it because it's their personal pleasure. Sports betting is also a form of gambling, so I'm not sure what the big distinction is. Both are forms of amusement that come with risks, as winnings in sports betting aren't assured because anything may happen in sports. And, moreover, you're rooting for your favorite team, which is why you're betting on them, so it indicates you're still having fun with it.

South Park

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Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

There are people who play gambling only while there are others who prefer betting only.
Do you think both of these type of people have different mindset and one of them is willing to take more risk than than others ?

Also do think that gambling is for the entertainment and earning money too but people do betting only to earn money and there is no element of fun involved in it.

People are free to choose whatever they like the most, if they prefer sport betting as they like the idea of adding even more fun to the sport they prefer then they can do so, and if they prefer to concentrate in games that are exclusive to the casinos then they can do the same, personally I like both and I just pick the one I feel like at the moment, and about making money with gambling we know it is possible but only a minority can do it so do not concentrate too much on that topic.

ReiMomo

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Quote from: Dread Pirate Roberts on August 22, 2021, 12:52:21 PM

Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

There are people who play gambling only while there are others who prefer betting only.
Do you think both of these type of people have different mindset and one of them is willing to take more risk than than others ?

People who like sportsbooks don't necessarily like gambling in other games. but people who like gambling can bet on any game. what more if it's a sportsbook about football or basketball or other mainstream sports that have big fans. I think its reasonable. there are people who get more hype watching their favorite team's while betting.

Is it not that money matters on everything irrespective betting and gambling. I mean, those who bet wont try on gambling? or those who gamble, does not try to bet? I am sure they would try to for both as long as they are sure on whom they are betting and how they are gambling. However, one might stick with one after a several attempts on either betting or on gambling.

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Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

Also do think that gambling is for the entertainment and earning money too but people do betting only to earn money and there is no element of fun involved in it.

Isn't the fun part of the entertainment, for example, you gamble just for fun, of course indirectly you feel entertained. Well, about everyone who places gambling as a means of making money or multiplying it with the hope of getting more, it doesn't mean looking for entertainment, but there is something that does become a strong impetus. Because he used to gamble automatically he mastered what he was looking for to make money.

Dread Pirate Roberts

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Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

There are people who play gambling only while there are others who prefer betting only.
Do you think both of these type of people have different mindset and one of them is willing to take more risk than than others ?

People who like sportsbooks don't necessarily like gambling in other games. but people who like gambling can bet on any game. what more if it's a sportsbook about football or basketball or other mainstream sports that have big fans. I think its reasonable. there are people who get more hype watching their favorite team's while betting.

fiulpro

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Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

There are people who play gambling only while there are others who prefer betting only.
Do you think both of these type of people have different mindset and one of them is willing to take more risk than than others ?

Also do think that gambling is for the entertainment and earning money too but people do betting only to earn money and there is no element of fun involved in it.

First of all I do think that when people try their luck in sports gambling, they know much better regarding what they are doing and they already have an idea of the outcome. It's really competitive and at the same time people are more well informed about their decisions. When you do consider normal betting I do think that you have to realize that, it's more fun and entertainment but on a different level. These people are just into having fun for the moment since the games are mostly unpredictable. Dice, crash etc, these games comes with a lot of fun and with a lower chance of winning.
I do think that at the end of the day, it depends on your mood and it also depends on what might interest you. Gambling/ sports betting is something that is very different but serves the same purpose. ( People have fun, don't they)

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Sports betting for me is for addition of entertainment. Sometimes you don't feel the excitement anymore when watching a game, so adding a bet will change that.
I don't know about how others feel about it but that's for me.
Cards, dice, poker or other types of games I enjoyed before when I was just a starter, but as it goes on doing it every day or night, it becomes different.
Being succumb in greed is what makes the game is about money. That's the time it's difficult to enjoy it particularly if you are on the losing side.

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Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

There are people who play gambling only while there are others who prefer betting only.
Do you think both of these type of people have different mindset and one of them is willing to take more risk than than others ?

It depends upon personal preference, i used to gamble a lot when dice was around and during that time there is nothing much to do with the cryptocurrency we hold and may be so is the reason i spent a lot of time gambling and when sports book started to launch i started hooking onto them because earlier i was betting with fiat currency and the cryptocurrency market was dope even though the odds were not that great during that period.

Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

Also do think that gambling is for the entertainment and earning money too but people do betting only to earn money and there is no element of fun involved in it.

I cannot talk about others, but i only do it for the entertainment and the thrill, betting only in matches i watch and you will be more involved in the sport rather than blind betting and it is fun.

skarais

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Do we have a difference between sports betting and gambling?
I consider these two variables to be both gambling and do not see either of them as anything else outside the context of gambling. Both types of gambling can make you happy and can also make you money but can also make you lose. I don't really like sports betting, but I really like other gambling like dice and slots. We have our own preferences for games depending on what games they like.

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Quote from: Woodie on August 22, 2021, 07:24:30 AM

This should have read Sports Betting or casino Gambling as both are types of gambling.

Very correct. Gambling is gambling, anything that involves staking something to get something better is gambling. The most common of course is gambling with money. Sports betting and casino gambling may only sound as two different terms when you are very exposed and in a place with casinos and sports betting places, somewhere like a big developed city.

However for someone in a developing or underdeveloped area with probably only a sports betting shop, it is still the same level of compulsive behaviour (addiction) that he fights, that the person who always visits the casino in the city fights as well. There's no need painting it.

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Quote from: electronicash on August 22, 2021, 11:06:49 AM

it's the same for anyone who engages in gambling in card games or sports betting has the same outlook of risk, it only differs from how much they are willing to risk. sports betting however could be much entertaining even when you lose because you get to watch and enjoy the game with more excitement than without having a bet. you don't feel the same when you play cards online but if doing it right where you can hold the cards and engage with players, the excitement is there.

Sports betting is another fun way of entertaining yourself,

aside from watching your favorite players or teams you are adding spice and if does you managed to win, you'll be able to get something decent in rewards.

Having additional money for your celebrations. It can be done without gaining addictions if you play it the right way.

While with gambling luck base games or strategy games, there's a big possibilities that you'll going to get engaged too much and lose a lot of money.

Naficopa

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Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

There are people who play gambling only while there are others who prefer betting only.
Do you think both of these type of people have different mindset and one of them is willing to take more risk than than others ?

Also do think that gambling is for the entertainment and earning money too but people do betting only to earn money and there is no element of fun involved in it.

There are definitely some people who only like one form of gambling. After all, a casino is almost just luck, and betting on sports is knowledge and experience. So not everyone can do it. However, I am sure there are also players who enjoy both forms of gambling.
When it comes to whether betting on sports is just a desire to earn money, I don't think so. In my opinion, betting on sports is in addition to the fact that we can earn while supporting sports.

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Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

There are people who play gambling only while there are others who prefer betting only.
Do you think both of these type of people have different mindset

Yes, but the mindset depends on individual understanding of the game and luck. There are so many gambling who always win in gambling than Sportsbetting while there are gamblers that's good in sports analysis and can easily win in sports bet.

Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

one of them is willing to take more risk than than others ?

Every form of gambling have almost the same risk but the game decision with the amount put into it will determine the one who's willing to take more risk than the others

Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

Also do think that gambling is for the entertainment and earning money too but people do betting only to earn money and there is no element of fun involved in it.

The hard truth is that every form of gambling is always about earning money but sports betting is also about entertainment but it will be determined by your passion for the game.

Jackl87

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Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

There are people who play gambling only while there are others who prefer betting only.
Do you think both of these type of people have different mindset and one of them is willing to take more risk than than others ?

Also do think that gambling is for the entertainment and earning money too but people do betting only to earn money and there is no element of fun involved in it.

Well i would guess that a very big percentage of the sports bettors are actually big fans of sports and they are placing bets on matches not only because they hope to make some profit out of it but also to add a little bit extra excitement on top, because there is definitely a differnce between watching a game and merely hoping that the team is winning that you are supporting or watching a game while you can lose money or if everything goes well make a nice profit. I also think it definitely help if you have always been interested in sports before you started betting because that way you will always be up to date with the current performance levels of the different teams or injuries of important players and stuff like that.

bitzizzix

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Both have different pleasures, Gambling in general is an activity that bets the outcome of an event that may be uncertain and but if it's for fun we will feel happy to play it even though there is hope of winning, and I love poker gambling and I also feel like playing it sometimes I play real with friends without betting money but with a penalty or something that makes me uncomfortable while playing entertaining.
and betting is a term used to refer to an agreement between two parties in which one party makes a careful prediction about the outcome of an event at stake, and loses or makes money if his prediction turns out to be correct.
I love football so I sometimes bet before the game starts doing predictions and statistical research on previous matches and so on, and I will also be entertained when the game starts.

I think they both gamble because they both bet using money and what makes the difference is the way they work and their activities.

Zilon

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Both are gambling. Or do mean sports bettors and casinos gamblers if that is the case the both share the mindset what actually control this two sets of gamblers is the fiat the staked. And anything that involves staking your hard earned fiat will warrant similar approach exactly the same mindset depending on individuals

Fesatmas

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Quote from: qwertyup23 on August 22, 2021, 10:19:20 AM

Quote from: JohnBitCo on August 22, 2021, 06:22:14 AM

There are people who play gambling only while there are others who prefer betting only.
Do you think both of these type of people have different mindset and one of them is willing to take more risk than than others ?

Also do think that gambling is for the entertainment and earning money too but people do betting only to earn money and there is no element of fun involved in it.

Well while both are considered 'gambling' perse, it actually depends on my mood and preference on that day.

Gambling in online/physical casinos has a great deal of variety. Not only do you experience different types of platforms, but you also engage into the game by playing it. Sports betting, on the other hand, involves purely a 50/50 bet. If you are someone who casually gambles for the sake of profit, then sports-betting is the way to go. But if you are the type of person who enjoys the games and the thrill, then playing on gambling platforms may be the thing for you.

That's right, that it's more down to individual criteria in dealing with gambling in what kind of way. I don't really bet much to play poker, but I can still hang around the casino and look for suitable gambling references. That's why we just need to adjust to the pleasure we seek.

Topic: Sports Betting Or Gambling ? (Read 352 times)