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The HDMI standard requires a handshake between the output device and the input of the display unit, VGA does not. VGA signals can deteriorate over very long distances and lower cable quality but could still display an image albeit with poor quality. Higher resolution and higher refresh rate...

The Optoma UHD 30 for your budget is probably going to be your best bet, as stated by Drifter it is fairly bright for a non-dedicated home cinema room and should be good enough for watching sport as it more designed for gaming with a 240hz refresh rate. For now the pricing on 4K projection is...