Why would u invest in the stock market when u can bet on sports?
seriously, the best traders make about 15% return a year,
while some people make the same return on a 3 hours tennis match betting on the favorite (federer)!!
besides, you pay no taxes on betting winnings and you really understand what you’re putting your money into, and the crowd expectations have no effect on the outcome (contrarily to the stock market where a rumor can make you lose money)
My question: why many people still invest on stock markets? how much do they really make? and do their return outweigh the brokerage fees???
n.b: while arbitrage opportunities on stock are almost inexistent (may last for a few seconds), they may occur on sports betting once in a while!!
thanks for your professional answers,
n.b: i have a great knowledge about options trading strategies and forex markets, so feel free to go technical!
by the way , I’m from France and lately, sports betting has become legal and there is no taxation on your gains!