Gambling is, by definition, a wager on an unknown outcome. If it takes place in land based casinos or in online gambling sites, whether the game is poker, blackjack, slots, or any other casino classic, gamblers never know how the game will end. Sometimes it is possible to make an “educated guess” about the outcome of, for example, a poker standoff; but other times, like in the case of online slots, everything comes down to pure luck.
In the financial realm, things are really not so different. Most investors don’t throw caution to the wind and put their money just anyplace. Instead, they research and project, trying to guess the future. There is the key word – guess. In the world of investing, like the world of gambling, money is being put towards an unknown outcome. The return might be great, or the move might bankrupt you – it is the goal of both the gambler and the investor to choose the right path.
Fun or profit?
One perceived difference between gambling and investing is that gambling is done for fun, while investing is a legitimate business. One look at the world of professional poker, however, is enough to crush this myth. There are people all around the world who make a living playing in online poker sites, or by putting money down on blackjack and building up wealth over time. Even slots players can hit big wins, like the record-breaking €6.3 million jackpot that was won in May of 2009 on the Mega Moolah progressive jackpot slot.
Investors might want to turn their nose up at “professional gamblers”, but in truth, both gamblers and investors work just as hard for their returns. From the point of view of the gamblers, their trade combines fun and profit, and poker pros might often wonder – “is investing this much fun?”
All about speed
Investing is a slow and laborious process. It can take years for a big investment to start paying off. Being a successful investor requires a great deal of knowledge, plenty of time, and most of all, quite a lot of patience.
A common stereotype of gambling, on the other hand, is that it is a quick and dirty way to get rich. This is both true and false. In the case of big jackpot wins like the €6.3 million Mega Moolah jackpot, lucky gamblers win a lot of money in a very short amount of time. After all, it just took one click of a mouse that player to go from zero to millionaire. But how many times did the player click before the big win happened?
Other games like blackjack or poker require just as much time as a long-term financial investment. Individual games might last just a few minutes or hours, but wealth is built up over long stretches of time. Just as investors must scrutinize each transaction from all possible angles before putting their hand in their pocket, poker pros must spend long hours playing, practicing, and perfecting their game before they can expect to win the big prizes.
Good versus Evil
One last alleged difference between gambling and investing that is worth mentioning is this: while investors are seen as hard-working and respectable businessmen, pro gamblers are often looked down upon as reckless thrill seekers. This social stigma against gamblers and gambling is completely unfounded. A poorly-planned, rushed investment has just as much potential to drive a person into severe debt as a misplaced bet, and investing can be just as addictive as gambling.
Moreover, while profits from the winning end of bad investments often end up in the pockets of individuals, gambling revenue is often filtered back into society. Governments around the world use gambling tax revenues to fund social campaigns and to create services for the good of everyone.
In the end, it is clear that the differences between investing and gambling are not so great. Investors gamble on their choices, and gamblers invest in their skills. Neither activity should be taken lightly – both require practice, knowledge, and patience if a person wants to excel and come out ahead.
Perhaps the real difference between gambling and investing is the people. Just as investing is not to everyone’s taste, gambling doesn’t give everyone the same thrills. Both are risky endeavors, and both can lead to either extreme wealth or severe debt. Whether you choose gambling or investing, let us leave you with one piece of advice: research, practice and play the odds, don’t trust your gut instincts!
The battle for winning Group G in the World Cup will be an interesting clash between one of Europe’s and South America’s best teams.
Brazil is the favorite according to Paddy Power online sportsbook giving the odds at 6/5 and a draw at 2/1 – these lines place Brazil as the Group G winners.
Portugal can win the group by winning the game, however Portuguese star player Deco is still not in active mode and predicted to sit this one out on the bench.
Christiano Ronaldo, Luis Fabiano or Robinho, are the favorites to be the goalscorers of the match.
A low score is expected, with USA winning 1-0 getting the shortest odds in Ladbrokes Correct Score betting at 5/1. Want to bet on who will score the winning goal? Landon Donovan, Jozy Altidore and Clint Dempsey are getting 5/1 odds … will it be a header this time around?
At Brobury Sports, bet on the World Cup and receive a 50% signup bonus on all deposits of at least $100 for up to $500. Or get $25 in free bets from Ladbrokes by making just $5 in World Cup bets – with either deal, you can’t go wrong with these quality sportsbooks.
For full reviews and detailed information visit our 2010 FIFA world cup betting odds section
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While the 2010 edition of the contest has a prospective winner pretty much wire to wire – last year, Alexander Rybak of Norway had shorter than 1/1 odds before the final – a heavy favorite has emerged only after the second-favorites,
A brief look at the leading contenders, with odds provided by Paddy Power, follows.
• Sufara, “Drip Drop,” Azerbaijan. Country that only first entered the Eurovision Song Contest in 2008 has a near-certain winner this year with this easy, sappy ballad.
Representative (translated) lyrics: “I don’t know how to stop / How to stop / These tear drops / That drip drop, drip drop / Drip drop, drip drop.”
• Eva Rivas, “Apricot Stone,” Armenia. Sentimental song of homeland and childhood stands a chance against Sufara, if only because it’s in English, a definite boost to any contender in this competition.
Representative lyrics: “Now I see the Northern stars / Shining brightly in the storm / And I’ve got an avatar / Of my love to keep me warm.”
• Harel Skaat, “Milim,” Israel. The strongest entry from the pretty-boy category, Skaat has charisma to spare.
Representative (translated) lyrics: “The sadness is here again, the fear is here again / And the end is at my window. / Broken glass and silence again / Exhausted and forsaken in my mind.”
• Manga, “We Could be the Same,” Turkey. Sensitive boy band implies a sort of cross-cultural “Romeo & Juliet” love story.
Representative lyrics: “But I know the world could be great / I can love you more than they hate / Doesn’t matter who they’ll blame / We can beat them at their own game.”
• Niamh Kavanagh, “It’s for You,” Ireland. The once-dominant country returns to the Eurovision Song Contest final with perhaps its strongest entry in years.
Representative lyrics: “Look into these eyes / Hold onto these hands / Believe in this heartbeat.”
Other countries represented in the 2010 Eurovision Song Contest final include Cyprus, Denmark, Georgia, Romania and Ukraine. The final round starts at 7pm CET on Saturday night.
A German on the Red Bull team, Vettel is the best in the business. In 2009 his big wins in China and the Abu Dhabi Grand Prix helped bring him to the top.
This Australian on the Red Bull team is often overshadowed by teammate Sebastien Vettel, yet with his consistently excellent performances is still one of the best.
A Spaniard on the Ferrari team, Alonso has placed in top 3 of a race a whopping 55 times
With 2010 being his first year on the McLaren team, Button silenced his critics by carrying the weight of his team (yes, over Lewis Hamilton) and miraculously winning races in poor weather conditions
A Brazilian on the Ferrari team, Massa has bounced back in big-time fashion after a crazy accident in Hungary in which a loose spring from another car hit his head and fractured his skull
On the Renault team, this Polish man’s second place at round two in Australia shocked everyone and sent reverberations through the Formula 1 racing community.
A confident and feared racer, Hamilton has found his match on the McLaren team with new teammate Jenson Button. His two impressive podiums from the four opening rounds keep him in the top 10
A German on the Mercedes GP team, Rosberg looks to continue dominating his teammate Schumacher as he heads to Europe for more races. With his skilled maneuevers on the racetrack Rosberg has a knack for finding the podium almost every race
A fan favorite, Schumacher has not done as well on the Mercedes GP team as he initially hoped. However, he heads to Europe with confident expectations and renewed vigor to overtake Rosberg in the standings
Sutil has shattered expectations and ignored limitations as he held down the fort for the Force India team in the beginning of the 2010 season. He has already placed 3rd on 4 occasions as well as an incredible comeback 5th place in Malaysia.
These extinction odds are listed in the Current Affairs section under “BP Specials”, and are offered alongside odds on who will be the company’s next CEO.
Scientists reported today that a second Icelandic volcano may erupt soon. Fortunately, bettors can cash in if they get their timing right! Over at Paddy Power Sportsbook, they are offering odds on what dates London’s Heathrow airport will be shut down due to ash clouds. Since experts are saying that another eruption could cause more closures, punters would do well to put some money down.
This Saturday, May 22, the Irish Pole Dancing championships will see the most flexible women from the north and south of the Emerald Isle battle for supremacy in a very unique (and very artistic) national competition. The event is heralded as a “celebration of fitness,” bringing together professional dancers from Ireland’s best pole schools to compete against one another and to show the world what they’ve got.
The dancers in this event are athletes. According to the event’s Facebook page, these ladies are working to get rid of the “sleazy stripper stigma” that is often attached to pole dancing, instead emphasizing the fitness side of things. This year’s Championships even offer a charitable twist: all money raised from during the competition will go to Crumlin Children Hospital in Dublin.
Paddy Power, Ireland’s top online sportsbook, is offering wagers on all three levels of competition: Beginners, Intermediate, and Advanced. All wagers are outright win only, and odds are offered on all the dancers competing in each league. Only singles are offered outright, but according to the sportsbook’s website, other bets are available on request.
Paddy Power Sports is professional-quality internet betting that has been around for almost 20 years. Their event coverage is outstanding, offering bets on everything from football and cricket to darts and snooker. They are even running a special promotion on Volcano Betting, where players can wager on what dates Heathrow will be closed because of volcanic ash!
Visit Paddy Power today to put money down on your favorite girl for this year’s Irish Pole Dancing Championships. May the best pole dancer win!
This Philippines pride is the best fighter alive today, compared to the likes of Muhammed Ali, Sugar Ray Leonard, and Marvin Hagler. Amazingly, Manny has won seven titles in seven different divisions.
Also known as the “king”, Mayweather has a stunning 40 wins by knock out and absolutely no losses. A fight between Pacman and the King would certainly be entertaining (see below).
Originally from sunny Pomona, California, Mosley has won titles in three weight divisions. He is also former WBA Welterweight Super Champion.
At 6 feet 2 inches tall, Paul is a giant for his junior middleweight, middleweight and welterweight divisions that he is a part of. For his quick, deadly punch Williams is dubbed as the most “avoided fighter in the world”.
This Mexican professional boxer is the current Lightweight World Champion. Pound-for-pound, Juan can take on anyone.
For betting on boxing matches check out these top sportsbook reviews