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

And of course, they both hate to lose.

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Related: 4 reasons September could be good for stocks

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

“You’re making a wager based on some facts and some intuitions.

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

To put it another way, the stock market is a lot more forgiving than the MGM Grand (let alone your local sports bookie). It’s easy to see why fans may be tempted to gamble on their favorite teams and athletes.

Manning is really, really good at what he does for a living.

“Betting is more difficult and riskier,” said one resident of Hoboken, New Jersey, who bets on illegal gambling sites and also invests in stocks.

Those are pretty good odds. Gambling on football star Peyton Manning to win might seem like a safe bet, especially compared with picking winners in the stock market.

Related: Apple and 9 other stocks hit new records

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

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

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. 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. Heck, even his commercials are funny. 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.

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 stock can theoretically be held onto for an infinite amount of time, but a sports bet can end in the blink of an eye.

“You can hold onto your betting tickets all your life, but you’re not going to get squat,” said Stovall. Gambling on sports may be more fun, but it’s definitely a more risky use of money than putting it in the stock market.

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But don’t let those similarities fool you.

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

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. While many stocks offer steady returns, investors sometimes hit the jackpot (think: buying Apple back in early 2009 or Tesla in 2012). For example, a stop-loss order instructs a broker to dump a stock when it tumbles below a specific price.

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

At the same time, investing in stocks actually carries higher upside potential.

Related: How $2 billion Clippers bet could pay off

Gamblers and investors also have far different time horizons. People often invest in funds that buy dozens or even hundreds of stocks, which helps reduce the risk.

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.

“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.

All or nothing: Gambling on sports tends to be a zero-sum game. The stock might go up and down some, but it typically doesn’t go to zero. He asked for his identity to be withheld due to legal concerns. 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

How To Get Rich on Habbo Hotel

If a player claims to lose all their furni, I recommend giving them one of their bets back. Never bet higher than the Kelly criterion

would have you,

and remember to put all that furni you earn to good use!

These coins will be traded among

various Habbos until one of them ultimately decides to

gamble

them. Getting to know others on Habbo is

essential

to making coins. This will give you a positive reputation, and they’ll likely bet it again and lose it anyway.

This how-to guide will give you the

tools needed to become rich on Habbo Hotel. For example, I

would be more apt to bet someone named

Blue than XxSweetie_012xX.

Whip out a dictionary and look up some words that have

not been

taken yet. (The Habbo Club sofa used to be the common

unit of exchange in the market. The

approximate dealer advantage of each game,

determined

by simulation, is found here, the higher the better. A

myriad of bling and headdresses is bound to scare

patrons away

from your booth.

Do not wear badges except the one for the

casino’s dealer group.

Doing this will also get you your first

HC gift.

As a dealer, it’s important not to offer deals that are so large they take away your dealers’ advantage. You need rights in a casino that is regularly on the top

of

the list.

I also recommend playing the many games

that are hosted, but never pay the owner furni. To the typical Habbo

player, it can be daunting to see how wealthy

some of the elite

players are. Getting to

know them can lead to them betting you, or at

least filling a casino you deal in

and making you appear friendly

and approachable.

Step 7

Deal ONLY games that are, eventually,

guaranteed to make you rich.

Poker and multi have a 0%

dealer advantage, and are thus horrible games to deal. It’s best to expect

that the owner is a scammer, and you can’t get scammed if you don’t

give him or her anything.

Good places to find

friends are in various games and reality shows. (See

my page for details on dealer advantage.) But, in order to get a

good start on your dealing (as we will discuss later), you will

probably want to start with 50 coins (known as a “gb” for

gold bar).

Conclusion

Habbo

Hotel is a massively multiplayer online game where players create

virtual

avatars to visit various hotel rooms, participate in

activities, and personalize

their own page. It begins with a new

player

deciding to buy coins.

Bear

in mind that the dealer advantage is over the long run. For

instance, in a game with 10% dealer

advantage, for every 10 coins bet, the dealer

can expect to profit

1 coin. As you get

rich enough,

consider the prospect of opening your own casino! You can sell

rights

and establish yourself more formally as a well-known dealer

on Habbo Hotel.

Remember to deal responsibly. Using Habbo Hotel as a

friend-making service (as it was

intended) is one of the most

profitable moves you can make as a dealer. Doing so

will grow your

reputation and give you more people to bet. There

will be plenty

of winning/losing streaks along the way, and your

total bankroll over time will be

a rollercoaster. Although dealing under the Kelly bet will

slow your

growth, it is certainly better to deal under than

over.

Thus, you should regularly check

your bankroll and see what the optimal Kelly bet

is,

and try to get bets that are that big. Many people

who

attend these have a decent reputation on the hotel and many

friends. In addition

to most games and their

conditions leading the dealer to an

advantage, you will likely get scammed,

reducing your total

payback even more. Here

are some tips for Habbo Club members:

Do not overdress. If these coins

are wagered enough times, the casino will eventually own all of them.

Thus, the split between rich and poor grows.

Tips & Warnings

Realize that the Habbo

economy is dominated by gambling.

Wealth is localized in

Habbo in quite a regular fashion. There’s bound to be something.. I have posted

a Kelly

calculator for Habbo games here.

Dealing over the Kelly bet will make you more likely to lose it all

without any added benefit. Grow your friend network

It

is important not to coop yourself up in the casino the whole time as

you are

trying to gain profit. This formula was made to show

gamblers (if the odds are in their favor) how much they should bet

for maximum growth with minimum risk. Save up your coins

until you have enough to buy rights PLUS about 50 coins to start

dealing.

Step 6

Buy rights from a popular

casino

Your money will simply not be well spent unless

you buy rights from a popular

casino. You may get discounts

(or

even free) rights other casinos. However, with the birth of the

marketplace, coins are now typically used.)

Step 8

Bet big = FAIL

According

to The Wizard

of Odds, the amount you should optimally be dealing for each hand

is determined by the Kelly criterion. This translates into the pixel world.

You’re going to need Habbo Club to appear presentable and to be taken

seriously by the community (no one likes being called a bacon). Thus, it is

important to apportion bets appropriately to allow for

this

long-term growth, as discussed in the next step.

Step 3

Get your first month of

Habbo Club.

Habbo Hotel is dominated by teenagers, and

teenagers are superficial. If you can’t, let the Kelly

amount be

your booth’s maximum bet.

Step 9

Step 5

Things You Will NeedAll you’ll need is a computer with a working Internet connection. It’s ok to shop around for a

good deal on rights, but don’t suffice for a

middle-of-the-list

casino.

Step 2

Select a good username.

Many

Habbos try to get bets in casinos, but fail to do so and wonder why.

Gamblers

with experience inherently trust more aged users, and an

indicator of age is the

uniqueness of a username. This path is by no

means quick and easy, so do not expect instant results.

Step 4

DO NOT BET YOUR FREE HC

GIFT

Betting in Habbo is typically a no-no. I’m guessing you have one of those.Step 1

Check bobbavalues.com if you need a

price check on a rare you come across.

DO mooch more furni and

coins and trade up

How I got my starting capital (several

times, mind you) was by making rich friends

and getting gifts from

them.

With all these techniques, you should

see a steady growth of your purse. In most cases, the casino wins when gambling. Sometimes these gifts would be rares (right on!),

but

typically I got various norms. In

order to

grow your wealth, you need to play games with a dealer advantage, such as 6, 13, 21, and pick-a-number.

The

dealer advantage is defined as the percent profit the dealer

makes on each bet. It is clear that the richest of the rich on Habbo

did

not attain their wealth from buying coins, considering that spending

$100 on

coins will get you only 10

gold bars. The trick is to open a coin shop and

sell LOW.

You’re not looking to make big money here; just enough

to get started with your

gambling enterprise. As your reputation

grows, it may be tempting to do

super rare bets that you cannot

afford. If

you’d like to get this right away, simply buy a few coins (you could

get 20 via text message for $4), or, if you’re a die-hard for not

spending any money, play games and make friends, get some normal

furni, and sell them for coins (described in-depth in step 5)

Legal U.S. sports betting could spread if New Jersey has its way | Reuters

Betting also threatens the integrity of sports games by opening the door to price fixing, the leagues argued.

The park has already spent $1 million to outfit a sportsbook room through the largest North American sports betting operator, the U.S. The NCAA said in a statement that “the spread of legalized sports wagering is a threat to student-athlete well-being and the integrity of athletic competition.”

“A New Jersey win will have immediate, far-reaching implications beyond its borders,” said Daniel Wallach, a Florida sports and gambling attorney who has followed the case closely. The leagues said that violated a 1992 federal law that banned the activity in all but four states – particularly Nevada – where it was already allowed. Court of Appeals for the Third Circuit.

Humphrey and others called the leagues “hypocrites” for blocking sports betting while actively investing in fantasy sports companies.

“There is an obvious appetite among sports fans for a safe and legal way to wager on professional sporting events,” he wrote.

So far, the NBA is the sole league calling for federal authorization.

A decision is expected any day from the U.S. In a November op-ed in The New York Times, NBA Commissioner Adam Silver urged Congress to adopt a federal framework to allow betting on professional sports, arguing that a state-by-state spread of measures like New Jersey’s would be bad public policy.

If legal sports betting spread, New Jersey could eventually grab about $10 billion of a national market that could be as much as $400 billion, said Dennis Drazin, an advisor to two parties involved in New Jersey’s Monmouth Park Racetrack, where on Aug. But with an eroded casino industry and sluggish state economy, New Jersey has been pushing for sports betting for several years and carrying the ball in the legal battle while other states wait and watch.

LONG ODDS

NEW YORK Legalized U.S. subsidiary of Britain’s William Hill PLC. 2 American Pharoah won his first race since taking the Triple Crown.

By Hilary Russ

| NEW YORK

The state may have only one major league franchise bearing its name: the New Jersey Devils NHL hockey team. It could be as big as $3 trillion, nearly all of it illegal, he estimated.

Those venues would then be free to oversee their own sportsbooks under the latest bill, which the sports leagues also tried to block in court. They won that case as well, and New Jersey appealed.

Other states – especially Pennsylvania and Delaware, which are also in the Third Circuit – might immediately follow New Jersey’s lead if it won and begin pushing for broader sports betting, Wallach said.

“Our long-standing position against the proliferation of gambling on NFL games remains,” NFL spokesman Brian McCarthy said in an email.

But New Jersey faces long odds, according to some analysts. The NHL did not reply to a request for comment.

The tide may be turning, however.

The NCAA, NFL, NBA and other leagues sued after New Jersey lawmakers legalized sports betting in 2012. Whichever side loses will almost certainly appeal.

“It’s going to go down in flames,” said Chuck Humphrey, lawyer and author of the website gambling-law-us.com.

New Jersey lost the case, but it tried again last year with new legislation that attempts an end-run around the federal ban – which prohibits states from authorizing, sponsoring, operating or licensing the practice – by essentially removing state control and deregulating sports wagering at casinos and racetracks.. sports betting, resisted by professional leagues since they won a federal ban nearly a quarter century ago, could begin spreading around the country if the state of New Jersey prevails in a pending federal court case.

Major League Baseball declined to comment.

Americans bet $3.8 billion illegally on this year’s Super Bowl game, compared to approximately $100 million of legal bets on the event annually, according to American Gaming Association estimates.

Globally, the market is at least $1 trillion, 90 percent of it conducted illegally, said Patrick Jay, who oversaw Asia’s largest regulated sportsbook as director of trading at the Hong Kong Jockey Club. “It will prompt swift action by other states.”

(Reporting by Hilary Russ; Editing by Frances Kerry)

“It would be a huge economic boost to Monmouth Park and New Jersey and Atlantic City casinos,” Drazin said