When you are retired you are on a fixed income and generally have to be careful about how you spend your money. However, there are many retirees that like to gamble to make extra money. It provides a thrill that helps get through some of the boring periods during retirement and also has the means to provide extra money.
Although the thrill of gambling can be quite high, the thought of losing lots of money very quickly is not appealing to some. However, there is also the idea of fantasy sports to consider. There are ways to make money playing fantasy sports. Is it the same thing as gambling? In this article, we will compare fantasy sports vs. sports betting.
Discipline is the name of the game
Whether you are thinking of putting money down on a game or playing fantasy sports, there is one thing in common when comparing fantasy sports vs. sports betting: discipline. It is very difficult to restrain yourself from going overboard with the financial aspect. You can get in over your head very easily with either scenario.
The biggest difference, however, is that you are likely to lose less money if you are playing fantasy sports than with sports gambling. If you are nervous about having the discipline to not get carried away then fantasy is likely to be the better option.
The other side to being disciplined is to not make any rash decisions. This means that you have to have the discipline to prepare and research to put yourself in the best possible position to win. This is true for betting as it is for fantasy sports. With fantasy sports, there are a lot of outlets like Stokastic NFL that will help you get the information you need to make good decisions for your league.
There is still some measure of luck involved in gambling on sports so you will need to research and be prepared but still end up rolling the dice when it comes to winning. There is less luck involved when you play fantasy sports so good research and preparation will give you more of an advantage than if you were to bet on sports.
Gambling is more regulated
Fantasy sports are still mainly in the realm of hobbyists. There is still less of a culture of gambling associated with it and there isn’t as much of a business aspect yet. This could change, but right now gambling has much more money behind it than fantasy sports do.
There are many places where sports betting is illegal so if you want to put money down then you either need to travel to the places where it’s legal or find a sports book that is operating in the shadows.
Playing fantasy sports can happen in any state and is perfectly legal. There are not many people that are getting into financial difficulty due to playing fantasy as there are with sports gambling. It can happen, of course, but the culture is much different than gambling.