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Casino

When is gambling the same as investing?

May 27, 2014 by Reporter Leave a Comment

cas investing

clip_image004 by Kripptic

It’s often said that all investing is a form of gambling and there is a lot of truth in this. But there are also crucial differences.

If you invest in shares in a large multinational company, for example, which provides essential products like food, water, electricity, gas or mines natural resources etc., profitably, then are you really gambling? In days gone by, shares were primarily bought for their dividend income and any capital gain was seen almost as a bonus.

But today – many people seem to see them as tantamount to casino chips to be gambled with. But if you’re a sensible investor – in the true sense of that word – and you can see a well-run and profitable company supplying something that people really need, and your focus is mainly on the dividend stream – then that really is investing rather than gambling. This is because the overall pot is growing. It’s not a finite game; what is often referred to as a ‘zero sum’ game (as it would be with a group of people sitting round a table playing cards, for example) because the pot is growing.

On the other hand, if you’re dealing in currencies, for example, then that is pretty close to gambling.

You “think” the Australian Dollar is going to strengthen against the US Dollar or the British Pound for XYZ reason, so you buy Aussie Dollars – or short the other currencies against the Aussie Dollar. But this is, essentially, a “bet”. There’s no dividend income and there’s no enlargement of the overall “pot”; another zero sum game (ignoring any interest you may receive in your bought currency of course). You simply get it right, or you get it wrong.

So this is closer to gambling and we aren’t all as smart as George Soros! But at least you are using your judgement which, over time, may be like George Soros’s judgement in the sense that you get more calls right than you do wrong – or it may prove otherwise; only time will tell if you have what it takes.

This is rather like a person who studies the form to make value-based bets on the horses. S/he either comes out ahead or not. But at least it’s value-based. The same is true of poker.

Such gambling is not like gambling on games of pure chance – which is what generally happens in a casino, with games such as roulette, for example. In such games the house edge is against the gambler and there is no real judgement required.

In these circumstances, the statistics run slightly against you. But at the same time, you can often profit from the free money you can sometimes get as welcome bonus from 32Red and others. For instance, at the moment 32Red is offering a $10 no deposit bonus which makes it an attractive incentive. Or, perhaps, you simply love playing the games for their own sake. There’s nothing wrong with enjoying the process – but it’s not investing.

Filed Under: Cup betting offers, Gpost Tagged With: Casino, Investing

A Look at the Gambling Industry in Australia

February 13, 2014 by Reporter Leave a Comment

crown-casino

For all the restrictions that some parts of the world put on gambling, the Land Down Under has stood apart from the pack by having the highest percentage of citizens who actively gamble at some 80%. Gambling had a quasi-legal standing in the country prior to the 1950s, but in the 1970s the first fully-legal casinos began dotting up all around the country. The government warmed to the gambling revolution when they saw tax revenues from gaming spike twenty-fold by the early 1990s; today at least ten percent of provincial revenue comes from the gambling industry. Overall, the Economist reports that the industry is a $20 billion windfall, with two out of every three dollars in revenue generated from online poker machines or “pokies.”

Size And Scale

For all the pomp and reputation that Las Vegas enjoys, in terms of sheer gambling quantity it’s got nothing on the major Australian cities. The Australian capital of Sydney boasts mega-gambling facilities that are half a dozen times the size of a football field. In fact, there’s more slot machines per capita in New South Wales than there are in Nevada. The Crown Entertainment Complex in Melbourne is the largest in the entire southern hemisphere. An ample opportunity to test their luck has made gambling Australia’s sin of choice: it brings in more revenue than alcohol sales annually.

Sports Betting

What makes your favorite rugby team’s next win better than winning a few dollars on the side? That’s the attitude that spurs major bets on big games, and since a 2008 High Court decision that allows bookmakers to operate across state boundaries, there’s been a gold rush for fans and gamers alike to try to reap the rewards of on-field success. There are a few limits on the gaming — for instance, you can bet on whether or not Cricket Australia wins a test against South Africa and by how many runs at betsafe.com , but bets on how many players will wear sunglasses have been struck down. The amount of revenue that the leagues themselves get from gaming (a cut believed to be around 5%) is rumored to have kept the NRL afloat; had the NBL introduced pokies at the arena it may have reversed its demise. Look no further than the Melbourne Cup, which pulls in half a billion dollars from gambling, accounting for nearly three percent of the annual gaming revenue in all Australia.

The Future Of Betting

Although it’s a good time to get involved in betting in Australia, the current craze may only be the beginning. The introduction of Internet gaming may spur a second revolution in gambling Down Under, since they have the upper hand in competing with gambling sites in Europe and the Caribbean. Since Australian law allows casinos to market their services outside the country, they can pull in foreign money from gamblers on the other side of the world who want to chance a roulette ball or a blackjack card without ever needing to leave their home. It’s anyone’s guess how much foreign money might come into Australia thanks to online gaming, but it may dwarf the $1300 gambled annually by each Aussie.

Filed Under: Australia, Business, Times Tagged With: Casino, Gambling, Pokies

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