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Questions and StoriesCategory: QuestionsDo You Think Sports Betting Is A Good Source Of Income?
Jackson Mugarura asked 3 months ago

Do You Think Sports Betting Is A Good Source Of Income?

Of recent, there has been a surge in sports betting business, this is specifically in my country Uganda. Many betting companies have opened shops everywhere since there’s little or no regulations to those activities here. Many people have been thronging these betting shops on daily basis to place their bets in hope of becoming instant millionaires. From the business perspective, it seems to have been booming prior to Covid19 outbreak and subsequent lockdowns that followed. Do you think it was a booming business and many people were earning/ benefiting from it especially in the developing world? What’s your view?

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12 Answers
Gareth White answered 3 months ago

If you know what you are doing you can make a lot of money from sports betting but like all these systems they are gambling so you have to be aware you will lose sooner rather than later.

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Leno Jean Pierre answered 3 months ago

Sports betting is a gambling. You can loose or win depends on your chances.i have bet several times when I was in my country. It’s very risky.

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Edward Duffy answered 3 months ago

There are professional gamblers out there and they know what they are doing. Unless that is the case then it is quite possible to lose a lot of money.
I have a rule that I don’t gamble on anything that has a heartbeat and moves.

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Kenneth Ogbonnaya answered 3 months ago

No. Sport or any kind of betting is never right or a good source of income.

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Gareth White answered 3 months ago

Love your rule Edward – there is some logic in that

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Nnaemeka Victor answered 3 months ago

It is not a means of earning income. Rather it is a gambling opportunity to increase your wealth.

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Leno Jean Pierre answered 3 months ago

Itbis not a source of income at all, you can loose all your goods at the speed of light. Don’t try it.

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Gareth White answered 3 months ago

Yes its a high risk form of gambling and if you are serious about making a consistent income stream steer well clear as you will always lose more than you win. Otherwise these companies wouldn’t exist!

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Kenneth Ogbonnaya answered 1 month ago

Sport betting is a not a good means of earning money. It makes some of our youth lazy to work

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Leno Jean Pierre answered 1 month ago

In my opinion sport betting is not a source of income, it is a higher risky of losing money. One can loose all its money in short period of time.

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Eli Davis Keinamura answered 1 month ago

Every thing in life is about gambling,even if you start a super business ,it can fall anytime.Thats all about  business.

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Leno Jean Pierre answered 3 weeks ago

Yes everything in life is gambling but sports betting is very obvious and dangerous, it can’t be considered as a good source of income. Once can loose all in his life in few minutes.

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