Category Archives: gambling advice

Sports betting vs. the stock market: Which is riskier?

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

But take it from one person who has lots of experience in both worlds.

“You’re making a wager based on some facts and some intuitions. Heck, even his commercials are funny.

To put it another way, the stock market is a lot more forgiving than the MGM Grand (let alone your local sports bookie). The stock might go up and down some, but it typically doesn’t go to zero. While many stocks offer steady returns, investors sometimes hit the jackpot (think: buying Apple back in early 2009 or Tesla in 2012).

All or nothing: Gambling on sports tends to be a zero-sum game. 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.

Such hedging tools are not as readily or even feasible to sports gamblers, Fine said.

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.

Related: 4 reasons September could be good for stocks

The betting appeal: Americans bet an estimated $380 billion each year on sports.

Those are pretty good odds. And of course, they both hate to lose.

“A lot of people regard investing as gambling, but I frequently say no.

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“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.

The same can’t be said for those who bet big on the Denver Broncos last Super Bowl.

And investors have greater access to tools that can minimize the risk of losing money. 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.

Related: Apple and 9 other stocks hit new records

Investors also have the ability to spread their money out among many stocks.

“Betting is more difficult and riskier,” said one resident of Hoboken, New Jersey, who bets on illegal gambling sites and also invests in stocks. He asked for his identity to be withheld due to legal concerns.

However, someone sinking $500 into Apple stock has little risk of losing that entire initial investment, especially in the short term.

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.

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.

Related: How $2 billion Clippers bet could pay off

Gamblers and investors also have far different time horizons.

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. For example, a stop-loss order instructs a broker to dump a stock when it tumbles below a specific price. Gambling on football star Peyton Manning to win might seem like a safe bet, especially compared with picking winners in the stock market.

Manning is really, really good at what he does for a living. Gambling on sports may be more fun, but it’s definitely a more risky use of money than putting it in the stock market. 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.

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But don’t let those similarities fool you.

In the long run, investors have the chance to make more money because there are fewer downside risks. It’s easy to see why fans may be tempted to gamble on their favorite teams and athletes.

“You can hold onto your betting tickets all your life, but you’re not going to get squat,” said Stovall. People often invest in funds that buy dozens or even hundreds of stocks, which helps reduce the risk see here


Insider Guide: Best of Las Vegas

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

The selection of stores at The Shops at Crystals is the largest collection of unique-to-market luxury stores in Las Vegas, but even those who can only afford to window shop will appreciate the selection of restaurants available in Crystals.

Hotels

Nightlife

The first is a carefully manicured, distinctly manufactured, over-the-top playground promising that, no matter the shenanigans undertaken by its visitors, no one beyond the city limits ever needs to know about them.

For those who have the guts to look around, the views are stellar from this height.

Not everyone is suited to be an airline pilot, but everyone is welcome to take control of a Boeing 737 full-motion flight simulator similar to those used by real pilots for training.

Without a casino, extensive attractions or shows, Trump focuses on what it’s good at: customer service and quality hotel experiences.

Airline Captain for a Day

More than 100 antique dealers have rented space to sell art, jewelry, tools, clothing, books and other collectibles in this eclectic mall.

No stuffiness here.

Encore’s suites are roomy, with floor-to-ceiling windows and lounger sofas, but there isn’t much reason to stay inside considering the resort’s other amenities and attractions.

Winner of Michelin’s Three Star, Forbes Five-Star, AAA Five Diamond and Wine Spectator’s Grand Award, this restaurant outshines a majority of Las Vegas’ dining establishments.

At the top, there are four attractions for adrenaline junkies.

Though The Cosmopolitan has just about everything on site that visitors might want — restaurants, nightclub, shopping, gambling — its mid-Strip location makes it easy to reach other popular resorts in the area.

Several exhibits scrutinize aspects of organized crime including how it’s portrayed in pop culture; the role the mob played in violence, corruption and conspiracy; and profiles of notable mobsters.

High, arched ceilings, classic columns and the first freestanding spiral escalator of its kind in the United States are a few of the architectural highlights.

Sophisticated and tasteful, Hyde Bellagio is one of the higher end nightclubs in Las Vegas.

It features The Gazillionaire and his sidekick, Penny, who emcee various acts that take to the small, centrally located stage.

Though it’s open all day long, Hash House’s breakfast menu is most robust, with a variety of hashes, scrambles and farm benedicts.

The Shops at Crystals at CityCenter

The Mob Museum

Hyde Bellagio

Shopping

Encore Las Vegas

Spago

Hash House A Go Go

Guests can choose from multi-tasting menus or order a la carte.

Also noteworthy is the variety of vinyl on sale.

A meal at Joël Robuchon’s isn’t just a meal; it’s an experience.

With more than 150 shops, this Strip-based mall is always busy with shoppers combing the racks for the perfect purchase.

Because this is a non-profit, all extra coinage goes to local charities.

Visitors who sit at the end of a row may find themselves on stage.

It’s the Las Vegas most people recognize.

The best of Las Vegas rooms overlooking the Bellagio fountains are worth the splurge.

Trump International Hotel

A non-profit organization dedicated to preserving the history of Las Vegas has been collecting the city’s discarded neon signs since 1996.

Its extensive menu of Italian favorites includes brick oven pizza, ravioli and spaghetti, all served with a twist.

This 18-and-up show is part burlesque, part comedy, part variety show and like nothing else in Las Vegas.

Las Vegas’ creative crowd hangs out at this downtown coffeehouse and record shop.

This multi-tiered chandelier isn’t just an interesting centerpiece; it’s The Cosmopolitan’s signature bar.

Though skydiving near Las Vegas is available, this simulated experience allows people to feel what it’s like to free fall without an airplane or parachute.

Attractions

Authentic artifacts such as weapons and wiretapping tools are on display.

Ever since its opening in 1998, Bellagio has been regarded as one of the premier properties on the Strip.

The fourth level features a high energy nightclub where talent such as Calvin Harris, Bingo Players and R3HAB spin Thursday through Sunday.

Given its location just off Las Vegas Boulevard, the southward views down the neon-lit street are arguably the best in the city, so opt for a Strip view.

An energetic atmosphere radiates from the casino floor.

Mid-range

This popular, casual dueling piano bar is often crowded with visitors engaged in bidding frenzies to hear certain songs.

The restaurant is known for its meatballs, which are so large that one can be shared with the entire table.

Insanity is a spinning ride via mechanical arm extending almost 65 feet beyond the edge of the Stratosphere.

If Las Vegas is meant to be a place for visitors to do things they would never do anywhere else, these places provide ultimate thrills.

Antique Mall of America

Budget

It’s common to find people dining after they’ve left the bar at night or nursing a hangover in the morning.

X-Scream is like a giant playground ride, sliding riders 25 feet over the edge of the resort so that they dangle perilously high above the ground.

There’s nothing distinctly Las Vegas-flavored about Trump International Hotel.

Harrah’s Piano Bar

Hundreds of pinball machines built from the 1950s through the 1990s cover the large space, inviting visitors to play.

SkyJump, gives people the chance to freefall down a high-speed line from the edge of the resort 108 floors to the ground below.

Shooting lessons are available.

Featuring self-proclaimed “twisted farm food,” this quirky diner serves up meals in mammoth portions.

Spago is trendy and modern, yet also welcoming and popular with its menu of classic American cuisine made unique with twists from influences around the world.

The grand salon is spacious with ample seating and the fountain terrace looks directly over the lake.

On the second level, you’ll find the finest spirits from the resort’s mixologists.

A climate-controlled room holds hundreds of bottles of wine.

Big Shot shoots riders 30 feet into the air at 44 mph.

The Cosmopolitan

Hakkasan Nightclub

Highlights of Absinthe include tightrope walkers who perform keg stands, a topless tap dancer in a giant balloon see here


How the Sports Betting Line is Made by RJ Bell

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

People think it’s much more complicated, but it’s not.”

Experts working for the individual books having a strong opinion on the game

Moving the line is the oddsmaker’s effort to balance betting action, and often times such moves can have a major impact on a bettor’s decision. By moving the line, sportsbooks can influence how the public bets on a particular game. If we’ve done that, we’ve done our job.”

The last step in the line-making process for each oddsmaker is taking one final look to determine whether or not the line “feels right.” This is where common sense and past experience with how games are bet enters into the picture.

The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action. In our extended interview, Seba explained that there are 4-5 oddsmakers assigned to make lines for each of the major sports (pro & college football and basketball; MLB, NHL, boxing, golf). We do this by drawing from past experiences and applying them to current situations. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process.

For example, if the pointspread on a game is 7 and most of the money is coming in on the underdog (taking the +7), sportsbooks will then move the number down to 6 ½ to try and attract money on the favorite. This usually includes having up-to-date power ratings on each team. There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by. Reasons for such adjustments include:

Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must be taken into account.

A round-table discussion among the 4-5 oddsmakers involved in making the line for each sport is then conducted and a consensus line is decided upon by the Odds Director before it is released to the sportsbooks.

“The main objective is that our clients get equal action on both sides,” Seba said.

“You either have a passion for it or you don’t,” Seba said. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”

“The #1 thing for us is to make a line for each game that creates good two-way action.

Oddsmakers can also change the line depending on various event-related factors such as player injuries or weather.

Divided action means the sportsbook is guaranteed a profit on the game because of the fee charged to the bettor (called juice or vig – typically $11 bet to win $10).

How the Opening Line Is Made

Power ratings are the oddsmaker’s value of each team and are used as a guide to calculate a “preliminary” pointspread on an upcoming game. That is not the case at all – their intent is NOT to evenly split the ATS result between the teams; rather, their goal is to attract equal betting action on both sides. The power ratings are adjusted after each game a team plays.

Why the Line Changes

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Once a game’s power rating based pointspread is determined, the oddsmaker will make adjustments to that line after considering each team’s most recent games played and previous games played against that opponent. If an oddsmaker comes up with a preliminary line of USC -7, then an adjustment up to -7.5 or -8 would be made in response to the public’s expected USC bias. In doing so they attempt to make more attractive the team that is getting less action.

Once the opening line is released by LVSC, the individual sportsbooks decide if they want to make any adjustments before offering it to the public. By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error.

The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach.

What Is the Line Trying to Accomplish?

Oddsmakers at LVSC are professional sports junkies who love what they do and would probably do it for nothing if you asked them, but they do get paid for it. Stated another way, they want to create a line that half the people find appealing to bet one way while the other half find it appealing to bet the other way (known as ‘dividing the action’). For example, the public might have heavy betting interest week after week on a popular college football team such as USC. Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years. Also, adjustments are made after reading each team’s local newspapers to get a sense of what the coaches & players are thinking going into the game.

Individual books having players who consistently bet with certain tendencies (such as an extreme bias toward favorites or toward a certain popular team like USC)

Once betting begins, sportsbooks can adjust the line at any time. Of course there is an entire method to the madness on how the opening line is created. Of the 4-5 oddsmakers, generally the 2 most respected opinions are weighed more heavily by the Odds Director before he decides on the final line. Obviously, if the line comes out a week ahead of the event (which is the case in football), there is much that could happen during the week leading up to the event that could affect the line.

RJ Bell

©Pregame.com 2006

Website: http://www.Pregame.com

Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines. . “We’re not trying to pick the team that covers the spread, we’re trying to make it a coin flip, a see here