Betting is seen as a bad habit and for some people it really is. However, others enjoy betting, especially sports betting, and manage to stay healthy. It’s like their hobby and they don’t do it for the money, but for the thrill of it and for the math. Yes, there is a lot of math involved in betting, as well as lots of take away business lessons. Betting is a business for some, yet if you are careful, you can learn a lot about a successful business from sports betting. 1. Pick your bet carefully The first thing one can learn from betting is to pick the right bet. Let me give you an example: my first and last bet happened in middle school. A friend of mine proposed to me a bet: I was to throw his bag of crackers towards the chalkboard for $2. I accepted, but our teacher was not really impressed by my abilities to throw crackers and I got suspended for a couple of days. This is when I learned that not all bets are meant to be accepted. [1] When you apply this to your business, you w