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If you are reading our site, you are most probably interested in trading binary options. Well, many people would agree that binary options are such a form of trading that is the closest to gambling in its nature.
Having said this, it is clear that unlike regular or bitcoin gambling, binary options trading entails quite some overview of the financial markets and their in depth analysis. In this article we are going to examine the main differences between those 2 types of activities and highlight which one is you should consider as the main source of your additional income. In simple terms, when buying a binary option you are making a bet that a certain currency or any type of other asset will either increase or decrease in its value.
Unlike bitcoin gambling, with binary options you are less likely rely on the pure nature of luck, to be successful in the financial market you are required to strongly analyse the charts from both technical and fundamental perspectives. If you have some financial background and analytical mind set, this can certainly be a profitable activity for you.
As long as you are able to predict the upcoming market moves, one winning bet can nearly double your capital. The main difference between binary options and sports betting is seen in the payouts. While with binaries and bets you are risking the full size of your bet, sports betting can often provide you with a higher certainty, and, consequently lower payouts or with higher payouts that come with more risk.
Alternatively, you can take some high risks and bet on a weaker team or a player, but this can results in generating a return that is 10 times higher or even more than the size of your bet.
They win again and again and have a reliable track record. They will go on to win in the future. If you are a sports gambler, you want to become one of the sharps, and leave the public down in the dust. The same goes for binary options, even though we do not have names for these distinct groups of people.
They do exist. You want to be a binary options sharp. So how do you do that?
What can sports betting sharps teach you? And what can you learn about behaviors you should avoid from the betting public?
As you can see, the sports betting public and the pool of casual investors in binary options have a lot in common. They have the exact same personalities, and a fair few of them probably actually are members of both groups.
What Can We Learn About Binary Options from Sports Betting? They are both activities which entail a high degree of risk. They both can yield a high reward. Both are games of chance where most players will ultimately lose. The tiny percentage who win at either have an edge that others do not. Both binary options trading and sports wagering are activities involving risk. Both can be done online, and both have relatively low entry barriers. If you treat either.
You do not want to be in this pile! Also note that a lot of members of the public think they are really sharps, or may even want to be—but they still think like members of the public, and make their decisions the same way. What do sports betting sharps know that members of the public do not? How do they make their decisions differently? What allows them to win time and time again while members of the betting public lose money?