“Life is great,” Erickson said. “The miracles I’ve experienced.
“I’ve heard other people compare it to a cocaine addiction, the high you get from that, and that’s the euphoria I felt,” he said. And when they caught on, he left his family and fled.
After 23 days on the run, Erickson turned himself in. Drawn in by the popularity of poker, half of all men in college are gambling on an monthly basis — even though betting on sports is illegal everywhere in the U.S. He considered going to Mexico and if he couldn’t kill himself there, he’d pay someone else to do it, he said.
If you or your loved ones has a gambling problem, help can be found at the National Council on Problem Gambling.
“I think it’s a devastating illness, it’s an illness that if it’s not treated, it will end up that the person’s whole lifestyle will be affected,” said Ed Looney, executive director of Council on Compulsive Gambling of New Jersey.
The problem is affecting younger people as well. By some estimates, $7 billion is wagered on the Super Bowl alone in casinos, online and with bookies.
“I became this person I didn’t know,” he said. That will always be there. I got to get myself out of it.
Three and a half years ago, Erickson accrued $400,000 in gambling debts. The college bowl games this weekend lead to the NFL playoffs and the Super Bowl. People love to bet on it. Win or lose, it didn’t matter to me, it just set me up to bet again.”
It is now high season for sports betting. “But I thought this must be what I have to do. “It becomes an all-consuming activity. “It’s American, like apple pie. People love to bet on their football games.”. Desperate, he began stealing from his clients. Then, it’s March Madness, where many participate in an office betting pool.
‘A Devastating Illness’
Erickson is a compulsive gambler, a condition just as dangerous and debilitating as drug or alcohol addiction. He credits a 12-step program to helping him overcome his problem, and he has not gambled in almost four years.
But soon, it spiraled out of control.
The situation became so dire, that Erickson contemplated killing himself. As gambling on the Internet becomes more popular and more sites crop up, those numbers are expected to increase.
Mark Erickson always craved a piece of the action — so the accountant from Phoenix started betting on sports over the Internet.
Nevertheless, the industry rakes in mind-boggling amounts of cash. These are things that I avoided my whole life, not choosing to be a part of, but today I cherish them.”
“Sports betting is the rock of Gibraltar,” Looney said. He served a year in prison and now works for a compulsive gambling helpline. The sharing of experiences with friends, family, like I’ve never seen before. The lining up the money, the handicapping of the game, the betting of the game, the watching of the game. There are an estimated 6 million people who deal with the problem in the United States
market research firm H2 Gambling Capital, which focuses on the gaming industry, predicted about $300 million for New Jersey’s online casinos — or about $45 million in tax revenue, according to the New York Times. H2 said the industry was worth $33 billion in 2013, with $4.5 billion coming from mobile gambling on iPads, iPhones and smartphones.
Mega-entrepreneur Richard Branson’s Virgin Group is the latest entry in online gambling, teaming with the Tropicana Resort in Atlantic City and online game maker Gamesys to bring online poker, blackjack and slots to New Jersey this week. Virgin could be holding a full house, but it could also fail before the flop.
“It’ll be interesting to see how this plays out,” said Laurence DeGaris, associate professor of marketing at the University of Indianapolis and an expert in Internet culture.
Globally, the business is even more lucrative. In online casino gambling, it’s about the game more than the bet.”
“There will be many games to play online in New Jersey,” Fenton told FoxNews.com. “That’s where I see the huge potential in online gambling, and I reckon the U.S. Chris Christie validated the vice in the waning weeks of 2013, saying he hoped to rake in $1 billion in casino revenues this year, of which the state will collect a 17 percent tax.
Players must be at least 21 years old, and either reside in New Jersey or be in the state when they place their bets. “The technology is rolling out this week.”
And New Jersey isn’t alone; eight other states have bills in the works that will allow Internet gambling as well. To put that into further context, Americans accounted for nearly 10 percent of the entire $33 billion worldwide online gaming market,” Freeman said.
Many Americans simply ignored the ban, he noted, as the country did during Prohibition in the ’20s.
Freeman said the Department of Justice has relaxed its views toward online gambling since 2011, and this could open up even more opportunities in the U.S. Others predict the overall U.S. “If we are unable to determine that you are in New Jersey, you will be unable to play on Virgin Casino,” the site notes. Not just poker.”
Prohibition failed – again
Last month, the president and CEO of the American Gaming Association testified before Congress and urged legislators to repeal their 7-year-old ban on Internet gambling.
To prevent unauthorized access, Virgin Casino physically locates gamers’ cellphones periodically. They play against the house at Virgin Casino, and they can finance their wagers with debit cards, credit cards, or in person.
Congress banned online gambling in 2006. “Blackjack and poker have a very human element that’s lost online. U.K. — notably sports betting.
Not everyone agrees with the odds. will catch up to the rest of the world and allow it at some point.”
Legalizing gambling across the U.S. market could be worth as much as $9 billion in the coming years as other states, including California, legalize online wagering.
“Slots and roulette are very visceral games, lots of bells and whistles. Gov. But new laws across the nation are rolling the rules back — and lawmakers think they’re holding a royal flush.
“In sports gambling, it’s about the bet,” DeGaris said.
– Geoff Freeman, president and CEO of the American Gaming Association
“Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion on illegal, unregulated offshore gaming sites. That doesn’t translate online,” DeGaris told FoxNews.com. 10. “Blackjack, slots. Nevada and Delaware also began offering some online gambling last year, but New Jersey is the first state to “fully” legalize it, said Lee Fenton, the chief operating officer of Gamesys.
‘Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion.’
“Prohibition simply does not work,” Geoff Freeman told a House panel on Dec. “The federal government has tried the prohibition approach – specifically the Unlawful Internet Gambling Enforcement Act of 2006 and the Wire Act – and through multiple Justice Department crackdowns on offshore operators as well.”
. If your phone is off, or if you’re too near state borders, you may not be allowed to play.
What happens online, stays online
Six other firms, including popular companies like WSOP.com and Ultimate Poker and other casinos like Caesars and the Golden Nugget, participated in the “soft play” launch of online gambling in New Jersey in November, the state’s Department of Gaming Enforcement Director Dave Rebuck said during a recent conference call.
“Those from other states can play, but they cannot wager,” Fenton said. will generate – in addition to tax revenue from the proceeds at casinos – approximately 22,000 new online gambling-related jobs, Freeman testified.
But analysts are mostly rolling with Christie and the casinos
I continue my series of blogs prior to the NBA season with a quick look into those teams, who are labelled “pretenders” overseas or putting it differently, are very likely to disappoint over the upcoming months. The discussions about contenders and pretenders is very heated every year, but as more and more teams improve via trades, free agent signings or draft picks, the line between being a total outsider and an outsider with enough potential to surprise is pretty thin…. more
We’ve never had something that we can say, ‘This is what defines Las Vegas.’ And an NHL team would define Las Vegas,” Boehlke said.. But the deal would have to be struck this summer, in an election year.
On the gridiron, an estimated $95 billion is wagered every year on NFL and college football games. AEG and MGM opened the up-to-20,000-seat arena just off the Las Vegas strip in April. Everyone knows that Sheldon Adelson is one of the richest guys in the world,” Ralston said. The Raiders would contribute $500 million, while Adelson and his partners chip in $150 million. Pro hockey’s annual awards show is June 22 in Vegas. Las Vegas has long been the gambling capital of America, but it now wants to become a big-time sports town, reports CBS News’ Mark Albert.
“If this opportunity slips away and the Raiders were to find a new home, I don’t think you’re going to see another opportunity come available for a long time,” Sisolak said. “And we’re really, really close.”
“You convinced people to give you money for tickets to a team that doesn’t exist?” Albert asked.
“The public relations of it are a nightmare. Money could sack the deal.
“I’m not a patient man, but I’ve learned patience,” Foley said. “It’s a lot of money, but it’s going to be fun.”
“We’ve always been a tourist city. The West Point graduate now wants to drop the puck in his adopted hometown.
Foley’s website is already advertising season tickets. “I have been spoken to by the commissioner at various times when I did not do exactly what he wanted to do. “For him to ask the public to pony up $750 million when he’s worth $28 billion, that’s just not going to fly — not just with the public, but with the elected officials.”
Sin City is betting on a makeover. “I guess we’re approaching the two-minute warning.”
NFL Commissioner Roger Goodell acknowledged as much last month, saying: “All of us have evolved a little bit on gambling… He said he put down $600 “because I want to have a hockey team.”
Last year, NBA Commissioner Adam Silver made this admission about gambling: “It’s good for business, I don’t want to hide from that… “Maybe I can sell some other things.”
“The real question I think is, is Vegas still toxic?” Ralston said.
Foley’s sales pitch to fans and the NHL includes brand new T-Mobile Arena. I’m going to be the majority owner of the tea,” Foley said, adding that he wouldn’t confirm or deny that it would cost him $500 million. Real difficult,” Sisolak said. Jon Ralston has covered politics there for 30 years. If you’re going to divert that much, why not use it for some of the real needs that are here — schools, roads, etc.?” Ralston said.
“If they get 100 percent of the revenue and only put in $650 million, it’s going to be difficult. That’s pretty good, wasn’t it? I like that,” Foley said. The NHL’s Board of Governors, which must vote to approve any expansion, is now scheduled to convene there just hours before.
“I think $750 million without some type of return is a little bit too much for the taxpayer to shoulder,” Sisolak said. He’s felt a “seismic shift” in how gambling is perceived nationwide and by those who lead professional sports leagues.
The Oakland Raiders’ proposal, presented in April by owner Mark Davis, bets on $750 million from the public to help build a $1.4 billion domed stadium complex on a lot near the Las Vegas strip. I don’t think daily fantasy is (gambling).”
“I have been looking forward to it my whole life, Vegas’ first professional sports team,” said hockey fan Tom Mullin.
But it may not be gambling that stops the NFL from lacing up in Vegas. that it creates more engagement.”
And it would define Bill Foley.
Foley’s toughest sales job to the league may be Las Vegas itself. I haven’t been spoken to by anyone as I was spoken to by him since I was a plebe at West Point.”
“So for you, it’s a non-starter if the NFL or the Raiders were to get 100 percent of concessions, 100 percent of parking and 100 percent of naming rights?” Albert asked.
Even in Vegas, where the wagers are big and the odds even bigger, Bill Foley has made one heck of a bet.
One of those elected officials is Steve Sisolak, who chairs the Clark County Commission, which would have to approve any NFL stadium deal.
Sisolak hopes the NFL and the Raiders will budge to reduce the amount of public money needed.
But the NHL — not the NFL — may score first. I’m never going to do that again. The cash would come from increasing the tax on hotel stays and would be the most public money spent on any of the past 11 NFL stadiums.
“This is my mission. “It’d be hard to get on.”
Die-hard hockey fans like Eric Biro are among the 14,000 who paid to be on Bill Foley’s season ticket list. “I’m skeptical, but I’m optimistic at the same time.”
“A lot of arguments will be made. In fact, Foley said 14,000 people have put down deposits of at least $150 each.
“And the arena wasn’t built. Ralston said this would be “very difficult.”
Not one dime of public money went into construction of the $375 million facility, but lots of people have anted-up.
Casino magnet Sheldon Adelson has dealt himself in. And 90 percent of NFL franchises also now have ad agreements with daily fantasy sites DraftKings or FanDuel.
Foley said he’s now out of the penalty box, with his goal finally in sight.
This lifelong Green Bay Packers fan said crucial decisions must be made by an end-of-July deadline or the clock may run out.
Ken Boehlke created the site Sinbin.Vegas to track every minute development.
Foley is a multi-millionaire businessman who grew grew up in Ottawa, Canada, playing hockey. It’s been holding events showcasing entertainers and was built to host an NHL or NBA team.
“I am the man that wants to bring hockey to the desert,” Foley said
Oakland comes to mind) seem like the Super Bowl. “When you’re in a good rhythm and winning, you want to increase your bets. He loses year after year, according to Dan Gordon, a top football handicapper and author of How to Beat the Sports Books (Cardoza Publishing 2005). “Common wisdom says that over the course of a long football season the average man or woman will pick approximately 50 percent winners. There is a wealth of information on the Internet; it is just up to you to find it and research it daily.”
Newspapers and popular sports sites routinely publish the lines or point spreads for games, and football insiders offer their picks to viewers each week on ESPN and other cable networks.
Another difference between squares and sharps is how they approach betting on game day.
2. . The payout is just the same as far as he is concerned. Thanks to the juice, the only one who profits in this scenario is the bookmaker. There are almost an infinite number of scenarios that can happen in a single football game. Drinking and Gambling Don’t Mix – “There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling,” Moseman says. Giving 11 to 10 odds is almost always the cheapest price you can give.”
And where does all that money go?
Michael Konik, a sports writer and best-selling author of The Smart Money (Simon & Schuster 2006), explains why it is so hard for the recreational gambler to win at betting on football.
“The standard bet requires gamblers to lay $11 for every $10 they want to win with the extra $1 or 10 percent known as the juice,” Konik says. Locks Don’t Exist – “Anyone who has watched sports for about a month realizes that the difference between winning and losing, especially against the spread, can be infinitesimally small,” Gordon says. “Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn’t otherwise make.
7. “There will be more discrepancy in the numbers at different sports books. Avoid Exotic Bets – “For very skilled handicappers, with a proven track record, there can, at least in theory, be value in betting parlays,” says Gordon on the type of bet that combines two or more individual wagers. Otherwise, you’re better off doing your own research.”
“The biggest mistake that amateur bettors make is they increase their bets when they are losing,” Sevransky says. “For example, if you have a $1,000 bankroll for the season, you should generally bet no more than $50 a game.”
So, how much should you bet a game?
Ted Sevransky, a well-known Las Vegas gambler and sports consultant with Sportsmemo.com, agrees.
Moseman agrees and especially likes home underdogs. Not all games work according to this formula, but it is usually a good rule of thumb.”
“There is probably no better bet in sports than playing an underdog at home,” Moseman says. If you want advice about sports betting, find someone who has a successful track record. They use powerful computers that can process millions of bits of data and produce a more accurate point-spread line than the bookmakers.”
But that doesn’t mean you have to bet like a “square” and throw away your hard-earned money.
“Most people with an understanding of football gambling bet between 3 percent and 5 percent of their bankroll, increasing when they win and reducing when they lose,” Vaccaro says. Money Management – “This is without a doubt the most important aspect of betting on sports and possibly the most neglected,” says Morey “Doc” Moseman, a professional gambler and sports consultant with DocSports.com for nearly 40 years. “In the NFL, a game will often be totally turned around by one or two plays, or even a single penalty. “In trying to bamboozle potential customers, many services make claims about having scouts all over the country that give them inside information and promise 70 or even 80 percent winners, as if the bookmakers were the biggest suckers in the world. “He is not jaded by teams and does not bet with his heart. “As for me, the best bet in football is betting the point spread or over/under totals on individual games. “Squares usually bet later in the week and they tend to pick the favorites. Focus on Conferences – “The best way to win money betting football is to develop a niche and follow it closely,” Moseman advises. If North Texas is his best bet on a Saturday then that is his bet. “If you listen to their advice, you are sure to lose. “Thus, the bookies love and cherish the squares.”
However, Konik adds that there are some bettors who actually know how to beat the bookies.
And remember, in the immortal words of “Fast” Eddie Felson, “Money won is twice as sweet as money earned.”
“A square is the average, unsophisticated gambler whose decision making is based on hunches, media manipulation, or spurious systems that cannot overcome the bookmaker’s inherent mathematical advantage,” Konik explains.
Also, it’s probably a good idea to disregard advice from the myriad of ex-players and football experts you see on television each week. Consider Underdogs – “In the long-run, it’s easier to win betting on the underdog,” Konik says. Bet at the Right Time – “The sharp bettors tend to bet underdogs, and they tend to bet them early,” Moseman says. Slim underdogs regularly win outright. The only locks that exist are those that need keys to open them.”
“In an average season, fewer than one bettor in twelve turns a profit,” Gordon says.
6. So underdogs tend to be slightly undervalued – except by the sharps.”
Betting on football games; whether it’s through a local bookie, an offshore Internet site or a Nevada casino (still the only legal place in America to make football bets), most of us have done it or know of someone who has.
5. He is not taken in by being involved in USC-Notre Dame just because it is the biggest watched game of the day. “Most people prefer to bet on the ‘better’ team, the one that will probably win the game. But, when you’re struggling, that’s when you want to reduce your bet size until you get out of your slump. “Teams play inspired ball at home. To be a successful sports bettor you need to operate with a clear mind.”
“The talking heads on TV know nothing about sports betting,” says Sevransky. The NFL, for example, will have very similar numbers at most of the betting shops you visit. “If you become an expert on a smaller conference like the WAC, you have a good chance to beat the house because sports book operators do not have the time or resources to follow this conference the way you can. In fact, sports bettors must pick 52.4 percent winners just to break even.”
So, is it possible for the average square to become a little sharper in making football bets this season? According to professionals like Vacarro, Konik and Gordon, amateur bettors have the best chance to win if they demonstrate a little patience and follow the 10 basic tips below. Also, being “in action” can make a dull late-afternoon game (Buffalo vs. The only touts bettors should consider are the ones who talk about the long haul and realistic winning percentages, which are in the upper 50 percent to lower 60 percent range.”
Although exact figures are impossible to calculate, according to Jimmy Vaccaro, widely considered to be Las Vegas’ most influential bookmaker, Americans probably wager more than $50 billion a year on NFL and college football combined.
“A sharp or smart has a plan of what he wants to do,” says Vaccaro, the director of sports operations and public relations at Lucky’s Race and Sports Book in Las Vegas. Chasing losses is the fastest way to the poor house.”
4. Big underdogs often find ways to cover the spread and they rarely give up toward the end of a game in front of the home crowd.”
So, how much are we gambling each football season?
While these tips don’t guarantee you’re going to win, hopefully they can make you a little less square and a little more sharp in your picks this season. “Over the course of several seasons, the percentage of bettors who turn a profit is minuscule.”
But even though the math says it’s virtually impossible to win on a consistent basis, Americans continue to bet on football. On college you will be able to find different lines at different sports books. Research Football Services – “Most sports services realize that most people who sign up with them are insecure,” Gordon warns.
“A square or recreational player might have a vague plan, but after two Corona’s he will definitely run to the window and make a hasty decision on the USC-Notre Dame game because he wants to be involved in the party atmosphere,” Vaccaro says. If you are going to go with a favorite, it is best to place your bet early in the week when the sharps are laying heavy money on the points. “The key to proper money management is to be sure not to bet more than you can afford to lose.”
3. Avoid Chasing Bets – “Don’t do it! There is no worse way to mismanage your bankroll than to chase your bets after a losing day,” cautions Moseman on the dangerous practice of trying to immediately win back your losses. These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.”
Even Hollywood is not immune – think Two for the Money with Al Pacino and Matthew McConaughey.
Certainly not back into the pockets of the average bettor. And why not? We have unconditional love for the sport and betting $50 or $100 on a game adds an extra rush of adrenaline. “The sharps are usually members of a betting syndicate privy to the most up-to-date information on injuries, weather, game plans, and, most important, the real power of the teams involved. Shop For Numbers – “Another important aspect of betting on football is shopping for the best number,” Moseman explains. If you like an underdog, it is best to get your bet in as late as possible, where there is heavy action from squares on favorites.
“The bookies fear and despise a tiny coterie of professional bettors known as ‘the sharps,'” Konik says
Remember, that your horse only has to come in the first three in a six or nine horse race for you to come away with a profit. If the odds are less than 4/1, then I suggest passing such a horse race. Thus, place your bet around 20 minutes to race time.
If the horses just below the favorite have better odds, such as 4/1, 5/1 or better; then place your bet on those horses. I suggest that you choose horse races with nine runners and 1/4 odds on the first three, or six runners with 1/4 odds on the first two. However, let us say that the race has just six runners, then you have a 1 in 6 chance of winning. However, bookmakers/tracks usually only offer poor odds if you bet place or show on such a horse. Of course, if you placed a win bet and the horse does win, then you will come away with lots of money. The key point: is stay away from horse races where there are lots of runners!
As one can see, it often is better to bet on a horse you think is going to place.
In my opinion, the secret of winning on the horses is to look at the statistics. Often the odds on the horse most likely to win is poor. Thus, the question asked is if you should bet on the horse most likely to win? Sometimes the answer to this is “no”. You really need odds of at least 4/1 to win anything if the horse that you bet on places second or third. In a race with 20 runners you have a 1 in 20 chance of picking the winner. Remember, when you use this system, you are making your predictions on the odds. Of course, this is providing that you placed a place or show bet. Therefore, it is statistically speaking, a bad race to bet on.
Why does the horse predicted to place actually wins so many races? Maybe because the favorite usually only wins 1 in 3 races. Thus, you can see that the fewer the runners there are, the better your chances of winning. And do not forget, the horse still has a chance of winning too. Look at the odds being offered and if they are better on the second or third horse, then go for it.
In order to win a horse race, you might want to predict the winner by using statistical calculations instead. In 2 out of 3 races some other horse wins.
. Thus, I suggest that you limit yourself to horse races with either 6 or 9 horses running to have the best chance of winning.
As a general rule, the favorite will win about 1/3 of the time, but what is amazing is how often the favorite will place, especially when less than half of the field is 5-1 or lower. The reason being that the odds are often better than the favorite winning the race. For this reason, I do not always place my money on the horse that is predicted to win. In this case a favorite will place almost 100% of the time.
In a race with only six horses running, you have a 1 in 6 chance of picking a winner
Many schools still manage by the vast funds they receive from the alumni, giving less burden to the students.
No doubt it’s fun to watch your kid participating in the sports events. In India, slowly the culture is coming where parents are giving the importance to the sports, which was lacking in the past. As early years have the most impact on the child, it’s important for the parents to research for the schools who provide good quality sports. Also we want our child to be a good sportsman along with a very good in academic. It allows them to feel the benefits like the boys, and it’s literally helped level the playing field.
Many schools have to the lottery system for students to access to the games popular sports like football, cricket. Early age is best to learn integrity, collaboration, communication and good sportsmanship. Skills continue to be refined during years of college and is the skill that eventually will make a success of student-athlete at work.
Revenue: College Sports bring in money to the school in N number of ways. Schools must comply with it, providing athletic opportunities by enrolling the girl students and having a continued expansion of athletic opportunities to girls. There was a mindset to have the child owning the academic excellence, even if he is zero in the sports but going by the opportunities, fitness factors etc parents have realized that sport is a part of academics.. This includes athletics and sports also. Many colleges recognize sports as part of their core values, and help student athlete balancing between sports and academic career thus maintaining the highest level of integrity and sportsmanship.
College Sports for Girls: It is illegal to discriminate against women in any program of education. May not be your school, if you want your child to rule some sports. Time to time there are school and college competitions at every level. Many medium size school just have a playground, and sell it like they’ve all kinds of sports facilities.
School spirit in providing the sport: There are more and more number of schools who are giving many sports facilities to the students. Moreover college Sports create productive and responsible citizens, strengthening community feeling and create strong schools. Check out the information on some online ports like http://www.schoolib.com to get the information on the kind s of sports facilities provided by the schools.
Many children join junior teams or community-based sports teams during his years in elementary school because their parents want them to learn the same fundamental values. The participation of girls now is increasing rapidly, where girls are taking active part on most of the sports. There are some who merely go for the fitness factor but many top schools take it very professionally and create sportsmen who can play at the district level, state level so that if somebody has interest and is good in some sports, he can join a sport institute as his career.
The importance for athletes in schools: Irrespective of, female or male athlete if you play to a very successful internal team, there are multi fold facilities for athletes. The revenue to the students is, they can go to extra mile to discover and prove themselves in the sports.
We enjoy watching sports in college as pure entertainment. The demand of schools providing good sports facilities is very high, and if one school is proving his superiority in the sports, of-course demand will increase as well. This is very important advertising factor for the school. Students can opt for a sport, whereas some sports are compulsory.
The vast gaming facilities require a huge infrastructure, thus fees for these schools is generally very high
A stock can theoretically be held onto for an infinite amount of time, but a sports bet can end in the blink of an eye.
“A large, steady company has a low chance of plummeting and causing you to lose all your money, but even Peyton Manning doesn’t cover the spread sometimes,” he said.
Related: 4 reasons September could be good for stocks
The betting appeal: Americans bet an estimated $380 billion each year on sports. While many stocks offer steady returns, investors sometimes hit the jackpot (think: buying Apple back in early 2009 or Tesla in 2012).
At the same time, investing in stocks actually carries higher upside potential.
Those are pretty good odds.
That’s the percentage of time that Stovall’s research shows the S&P 500 — the gold standard in the stock market — has increased in value during the years since 1926.
Such hedging tools are not as readily or even feasible to sports gamblers, Fine said.
All or nothing: Gambling on sports tends to be a zero-sum game.
Even the unlucky investors who jumped into the market at its peak in October 2007 eventually made their money back when stocks reclaimed their pre-recession levels in 2013.
“You can hold onto your betting tickets all your life, but you’re not going to get squat,” said Stovall.
Manning is really, really good at what he does for a living. The stock might go up and down some, but it typically doesn’t go to zero. And of course, they both hate to lose. Gambling on football star Peyton Manning to win might seem like a safe bet, especially compared with picking winners in the stock market. Which casino in Atlantic City, Las Vegas or Macau pays the bettor 73% of the time?” said Sam Stovall, chief investment strategist at S&P Capital IQ.
In the long run, investors have the chance to make more money because there are fewer downside risks.
CNNMoney (New York) First published August 31, 2014: 8:14 AM ET
They both believe they can predict the future, and they sometimes fall into the trap of making decisions with their hearts instead of their brains. Heck, even his commercials are funny.
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“Betting is more difficult and riskier,” said one resident of Hoboken, New Jersey, who bets on illegal gambling sites and also invests in stocks.
“You’re making a wager based on some facts and some intuitions.
Related: Apple and 9 other stocks hit new records
Investors also have the ability to spread their money out among many stocks. And in neither instance can you be guaranteed to be correct,” said Randall Fine, managing director of The Fine Point Group, one of the casino industry’s largest consulting firms.
But don’t let those similarities fool you. Gambling on sports may be more fun, but it’s definitely a more risky use of money than putting it in the stock market.
To put it another way, the stock market is a lot more forgiving than the MGM Grand (let alone your local sports bookie).
“A lot of people regard investing as gambling, but I frequently say no. People often invest in funds that buy dozens or even hundreds of stocks, which helps reduce the risk.
And investors have greater access to tools that can minimize the risk of losing money.
The same can’t be said for those who bet big on the Denver Broncos last Super Bowl. It’s easy to see why fans may be tempted to gamble on their favorite teams and athletes.
Related: How $2 billion Clippers bet could pay off
Gamblers and investors also have far different time horizons.
However, someone sinking $500 into Apple stock has little risk of losing that entire initial investment, especially in the short term.
But take it from one person who has lots of experience in both worlds. A bettor gambling on the Green Bay Packers will instantly lose his or her entire $500 bet if Aaron Rodgers and his teammates fail to win or cover the spread. He asked for his identity to be withheld due to legal concerns. For example, a stop-loss order instructs a broker to dump a stock when it tumbles below a specific price
Exaggerator, Brody’s Cause (who won the Blue Grass Stakes in April) and Mohaymen have all finished behind him.
Back in February, an odds-on Nyquist bested Exaggerator by a length-and-half in Santa Anita’s San Vicente Stakes. He’s nothing if not consistent. On Saturday, 20 horses – all 3-year-olds – will break from Churchill Downs’ starting gate sometime after 6:34 p.m. Heck, Nyquist even won his maiden race.
On top of that, Nyquist has already seen and beaten his Derby competition. His races have been visually compelling, but they haven’t been about blazing speed. He was the King of the East, so to speak.
And even as American Pharoah edged closer to winning the Triple Crown, his owners knew that on any given Saturday, racing luck could not be ignored. We’ll regroup,” said McLaughlin, who knows a thing or two about horses, having won the Belmont Stakes with Jazil in 2006.
Nyquist still has his doubters, and that’s understandable. his Florida Derby victory over two unaccomplished longshots proved little, and the pace-pressing son of Uncle Mo may have trouble with the Derby’s 10th furlong.”
Still, Nyquist has earned the public’s trust. in the 142nd running of the Kentucky Derby. The Run for the Roses is 1 1/4 miles – 10 furlongs in racing parlance – and speed in shorter distances doesn’t necessarily translate into victory over a longer haul.
That was a big win for Nyquist. Oddsmakers list Nyquist (3-1) and Exaggerator (8-1) as the early favorites, but the field is large, and anything can happen.
In a post-race interview, Kiaran McLaughlin, Mohaymen’s trainer, could only offer his hopes for his horse: “With the track you never know … That was an awesome race.” Then last month, in the mile-and-an-eighth Florida Derby, Nyquist stared down Mohaymen and rolled to a victory of more than three lengths. But, you know, we’re very optimistic with Nyquist that we’re heading the right way.”
Attorney Lloyd Green was the opposition research counsel to the George H.W. Bush campaign in 1988, and served in the Department of Justice between 1990 and 1992.
The Kentucky Derby is an annual reminder of why people watch horses run. His fastest race was less than a mile - seven-eighths of a mile to be exact. For Nyquist and 19 other Derby entrants, the question is who will be first to the finish line.
Battle lines have been drawn. Nyquist, not so much. There is majesty in a horse going nearly 40 miles per hour with a rider on its back, fighting for every inch as though it were its last.
Over the past decade, the Derby betting favorite at post time has won the race four times – good odds as far as horse racing goes, but definitely not a lock.
Nyquist’s connections are displaying the same kind of cautious optimism. As Steve Crist at the Daily Racing Form framed it, “The knocks are that he has yet to run a particularly fast race … After the colt’s final pre-Derby workout, his trainer, Doug O’Neill, took the long view, saying, “I’d be lying if I said every day you don’t kind of walk down the shed with one eye open, one eye closed – especially the longer you’re in it and the more you see, the more nerve-wracking it can be … The Uncle Mo colt has finished first in each of his seven starts – four victories in high-end Grade I stakes races, two others in Grade II stakes – and he’s earned more than $3.2 million along the way. Mohaymen had been undefeated, with four straight graded stakes wins in New York and Florida. After the race Keith Desormeaux, Exaggerator’s trainer, exclaimed, “Goodness gracious, can anyone not be a believer in Nyquist now? … As Justin Zayat, the stable manager at Zayat Stables, which owns American Pharoah, put it, “I always knew American Pharoah had talent, but I never thought in my wildest dreams that he would actually win the Kentucky Derby.” Enough said.
. Mohaymen finished fourth.
By contrast, American Pharoah, who last year became the first Triple Crown winner since 1978, flashed the kind of speed usually associated with Derby winners in his pre-Derby races
LINCOLN, Nebraska — When a television station in Lincoln, Nebraska looked at their weather-cam recently, they were in for a big surprise when they saw a hawk staring back at them from the other side of the lens.
The hawk likes to hang out in front of CBS affiliate KOLN’s towercam, the station said, so they check in on it from time to time.
But they had never seen the hawk stare them down quite like this.