![]() However, diversification is still crucial for serious gamblers. ![]() Successful sports betting is about picking your spots and being extremely willing to pass on any prop where you don’t see a clear edge. I doubt there is a gambler alive who could turn a long-term profit if he were forced to bet every single spread and total in the NFL, especially if he had to do it close to kickoff when the lines are sharpest. Obviously the shotgun method does not work in the sports marketplace because the vig gives most wagers a negative return. a random investment has positive expected value) this is a fine approach to make a long-term profit at relatively low risk. Because the stock market effectively has negative vig (i.e. Many investors (myself included) put their money in index funds that buy a slice of every publicly traded company, plus some bonds and real estate to further protect against market shocks. ![]() Stock investors are strongly advised to diversify their portfolios to increase the chance of owning an asset that skyrockets, while avoiding total disaster if a company goes Enron. ![]()
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