Best Cash-out Betting Sites [2020] – Updated List

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I'm finalizing my portfolio for this year.

It's been a while since I made a big post. Lots of people are still messaging me about the energy sector post, especially for the ENPH tip, so I'm here to show my portfolio. I don't own all companies yet, this is partially hypothetical. I'm holding on to a reasonable cash position for a possible new downturn, but I have starting positions in most companies and will DCA.
I will try to keep it summarized, as I have done quite a lot of analysis on each of them. I'll draw the main picture and give the most important arguments for my choices, but I'm not expanding too much. If you're interested, you can DM me to talk about them more.
Let me start by saying I'm a growth investor. I always look for a combination of growth with a great track record, if possible at a reasonable price. There are exceptions as you will see below, but the main balance stays the same. I'm not a defensive investor, but no aggressive one either. My timeline is 2-5 years at least (due to a possible start of a small business), but I would gladly hold on to these companies 10+ years.
TLDR; For you guys not interested in my portfolio, I've added a short list of interesting smaller cap companies at the end, most of them trading at decent values.
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ADVANCED MICRO DEVICES - $AMD
This one is becoming a blue chip, but has more than enough growth potential to live up to those high valuations. Preferred by gamers and beating their biggest competitor in the CPU market hard. While AMD and INTC were close competitors at the beginning of the 21st century, INTC took the lead by a lot. Since 2017, they introduced 7nm CPU's and GPU's and they are closing the gap fast. Not only are their chips more performant, they are also cheaper. Market cap $60B vs $261b.
Those next generation chips lead them to new partnerships, often beating INTC. Microsoft, a long time Intel customer, began using AMD chips in their Surface laptops. Lenovo using AMD for their new servers. Nvidia started using the chips in their AI products. AMD is also used by Apple's high-end laptops, while Intel (used in the budget range) will probably get replaced by Apple chips made in-house. Apart from laptops, AMD has government contracts to deliver supercomputers in 2021/2023 and they are used in both PS and XBOX consoles, to give a few examples.
For the CPU market, AMD is destined to take over, but they're also taking on NVDA for their GPU's. They have been catching up for years and in 2019 they finally made a better performing GPU in the $350-400 price range. There is a possibility to gain GPU market cap since NVDA has been pushing their prices due to the lack of competition. Therefore, with AMD stepping up their game, they need to give up market share or lower their margins.
Financial
Assets over liabilities are x1.88. Cash to debt ratio well above industry average, debt to EBITDA well below IA. ROE 17.12% and ROIC 28.06%. Earnings were growing fast before Covid (125% in Q3, 78% in Q4). Yes they're overvalued, but with their future outlook, I would always buy below $49.
Doubts
Now that they are done catching up, the question is, will they outperform in the future. To gain more market share of Nvidia, they need to be better, not equally good. AMD also needs to control the heating better, as it is one of their long term problems.
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MASTERCARD - $MA
Fintech companies like SQ and PYPL are a great investment. However, a lot of big companies will (and already did) implement online financial services. MA is able to easily work with multiple of those companies and they're using their global presence pretty well, that's why they're my pick for the fintech industry.
They launched Mastercard Accelerate last year, implementing those online paying platforms and letting start-ups take advantage of their global presence to grow and transform very fast. Last year they acquired Ethoca (managing e-commerce fraud) and Vyze (platform to connect merchants with multiple renders, giving them the opportunity to get those financial needs for start-ups). MA is basically helping start-ups to grow faster, which will result in more financial transactions in the future.
Last but not least, they like to focus on expanding to countries where there isn't much competition yet. They are expanding their exposure to Middle East and Africa, working with local networks and e-commerce platforms. They are in a strong position to capitalize those regions in the future and take on market leader Visa even more.
They get compared a lot to Visa, so I'll expand on that subject a bit as well. While V is focussing on performance and speed, MA plays the cyber security card. They are already working on ways to implement cryptocurrency and Mastercard tend to have more growth potential vs stability from market leader Visa. While V is in the lead, MA is more widely used by fintech companies, which shows potential take-over in the future. Next to their credit services, they also own debit service Maestro, which is widely used in Europe.
Financial
Returns as high as 150% (ROE) and 60% (ROIC). Very large margins and perfectly stable balance sheet. High EPS growth YoY, 53% and 42% in the last two years. Quick ratio 1.87. V has more assets and even bigger margins, however MA wins in returns and cash. In terms of more growth, I like to focus on those last numbers more.
Doubts
It's a blue chip at a $300B market cap. Their growth potential might be limited, although I see them as one of the better picks between blue chips.
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ENPHASE ENERGY - $ENPH
I already talked about solar energy in another post, so I'm gonna skip the explanation. As some of you know my choices were ENPH and SEDG, so I'll explain a bit about why I choose ENPH here. Mainly it's because of their financials, so I'll dive that straight away.
Quick ratio - 2.35 vs 1.74
ROE - 142.94% vs 21.51%
ROIC - 85.51% vs 25.81%
Net margin - 25.81% vs 10.28%
However I think SEDG balance sheet is a lot better and safer, ENPH is working on their future more efficient. They are paving the way smoothly with bigger margins and return on investments. Although SEDG might be the better pick right now, ENPH will be the better one in a short while. ENPH is also a bit less overvalued and their PEG ratio is lower, which makes them the better pick to get in right now.
Diving into the products as well, ENPH just has the better and more efficient product. Their micro inverters are more durable (20 vs 12 years) and give the chance to increase or decrease the amount of solar panels easily, depending on your personal situation.
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GALAPAGOS - $GLPG
I'm not a big fan of biotech companies, but these guys have my attention. Not because they're working on Covid vaccines, but because of two reasons. First one is them getting back-up from Gilead Sciences. That's the push they needed to start operating worldwide, increasing their potential market cap. Now that they have the cash from GILD, they can keep on buying interesting divisions and increase their growth. While having almost no long term debt, they are set pretty well with about $4 billion extra in cash.
Second, they have multiple medicines in later trial phases, with Filgotinib as their biggest one. They had a setback on those results, but the company is very confident, giving an opportunity to get them at a decent price. I wouldn't be surprised if they partner up with another big pharmaceutical company in the metabolic disease section.
Financial
High PE (84 vs 44 average), but PEG ratio is 1.2. Quick ratio 9.28. ROIC 75.91% and ROE 7%. Became profitable this year with 16.25% net margin. 38.7% YoY EPS growth.
Doubts
Like all biotech players, there's a lot depending on medicines getting through phase trials and being commercialized. If Filgotinib will fail, their stock will obviously fall. However since they are backed by a big US giant, they can commercialize the product faster and on a bigger global scale if trials succeed. That's what gives them the advantage in comparison to other biotech companies for me.
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WALT DISNEY - $DIS
This one has got me doubting a lot. I've taken them off and put them back on my list multiple times, but eventually I decided to keep them at least 2 years to see how they will evolve into streaming.
Biggest advantage they have on their competitors is they basically have a monopoly on kids entertainment. Kids are growing up with electronic devices and content, so they're creating customers at a very young age. That's how Coca Cola used to work. They targeted 14-16 year olds, dumping loads of money into advertising which resulted in life long customers, as people didn't change cola brands often.
Disney+ is a big hit and they won't get so much competition from other streaming services as Netflix and Roku will. They have one of the strongest defined brands out there and they know perfectly how to build and maintain their company. It's also still unclear how sports with public will evolve, but it's certain streaming will become even bigger after Covid. Therefore their money-losing ESPN acquisition could even turn into a moneymaker.
Financial
I can't really say great things about their financials. ROE is 12.67%, above 10% is decent. Assets over liabilities are x1.85 and debt to equity is 0.61. You could apply the saying "too big to fail' here, but that's about it. The bad financials are mainly caused by their big investment to streaming of course and they're working on it hard. They doubled their cash position, increasing their quick ratio from 0.75 to 0.89.
Doubts
I would say financials are their weak point here. They still have to go through some bad weather this and next year I would say. Them doubling their cash position in Q1 was soothing, as I see it being the biggest issue for the future. It might be better to wait it out and keep an eye on them for next year, but I wanted to take a position already. Not higher than 8% of my portfolio though.
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MICROSOFT - $MSFT
They don't really an introduction I guess. 2nd biggest player for cloud services with Azure. Naming Satya Nadella as CEO and making the transition from hardware to software in 2014 were the best decisions they could've made. Acquired the government contract with Pentagon, however there's still uncertainty about it. In short, Amazon is claiming they were about to win the contract, but Trump criticizing the company would've lead to calling off the deal. For me, that's probably the main reason why MSFT didn't fly as high as their fellow cloud competitors yet.
Financial
Assets over liabilities x1.67. ROE and ROIC respectively at 43.82% and 28.88%. Quick ratio of 2.88, 0.65 debt to equity and 1.86 cash to debt. Decent financials, great returns. Talking about blue chips, I would say MSFT is still fairly valued with a PEG ratio just below industry average. Also paying a small dividend.
Doubts
The Pentagon contract allegations could be pretty negative for the company. They will probably not come back on their decision, cause if they do, MSFT will claim they already made big investments towards them and things will just keep on dragging on. Even without the contract, MSFT should be a 10 year hold while buying on dips.
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INNOVATIVE INDUSTRIAL PROPERTIES - $IIPR
Haven't read a lot about them here on Reddit, but they're a very decent investment. Basically, they buy properties from cannabis companies and leases them back to the sellers, giving them the cash they need to grow faster and IIPR keeps the long term advantage of renting out those properties. They need to buy about 6-8 properties a year to keep their growth rate going and they already bought 7 this year. They still have a lot of cash ready to take advantage of the crisis.
Not only are they 20% undervalued right now, they have a lot more growth potential after that and on top of it, they pay close to 5% dividend. I'm not a big fan of betting on the best cannabis company for the future, but IIPR is a great buy to have exposure in that industry. It doesn't happen very often I come across a company that combines growth potential with a high dividend, but IIPR does.
Financial
Quick ratio 6.75, cash to debt 2.8 (while REITs have an 0.07 average). Net margins 13% above average. Assets over liabilities x4.88. Annual EPS growing by more than 150% and about 41% in the last quarter before Covid. They just missed Q1 estimates, but it was only an 8% drop from Q4, performing way better than other REITs.
Doubts
IIPR has held a lot of new investment rounds, diluting shares. Of course extra capital will result in higher growth and will eventually be positive in the long run. There has been a drop in these last few days due to the announcement of selling 1 million more shares soon. I would look at it as an opportunity to get an even better price on them.
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TELADOC HEALTH - $TDOC
It's the only company I don't own yet. I can't force myself to invest more than $140 per share for them, although I really like their business model. A lot of people are skipping doctors visits these days, going straight away to get medicines and counting on the advice of pharmacists. A lot of times, there's more examination needed.
Not only do I see them succeeding in their field, I see them as an essential part of the automation of the pharmacy industry. It's a useful tool in emergencies, giving advice and deciding how serious the condition is, if (fast) medical care is needed. Teladoc will also play a role in insurance and giving the employers a checking tool. 98.9% of their shares are owned by institutions.
Financial
In terms of profitability and returns, not great of course. They are estimated to get profitable in 2023. Great balance sheet, assets over liabilities x2.66. Quick ratio 6.14, cash to debt 1.06, debt to equity 0.48.
Doubts
It's hard to see if a company is well managed before they are profitable. Their moat isn't very narrow, however I feel being one of the first ones gives you a big advantage in this field.
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DRAFTKINGS - $DKNG
Gonna keep this one pretty short, there has been enough posts about Donkey Kong. For me, the most important factor for choosing them in this industry is their fantasy sports section. They are widely popular and that division will only get more interesting while online gambling, and especially in-game betting, gets more and more legalized in the US.
Although they realized major revenue growth in 2019, they almost doubled their earnings loss. Main reason of course having to develop their platform and system. Good thing is, their technology is highly scalable, meaning they margin will grow massively while expanding in to more states and countries. Not many ratios available yet, so that's about the only financial information I own atm.
The only negative I see is their pretty wide moat, so this one should be monitored more closely in the future. But for now, they have the momentum and are one of the most popular choices, great investment.
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RAYTHEON TECHNOLOGIES - $RTX
As many of you know, two great companies (UTC and RTN) merged together in April. While United focussed on aircraft engines (Pratt & Whitney), Raytheon manufactured weapons, military and commercial electronics. They always delivered advanced technologies and them gaining multiple government contracts in the last decade is confirmation of their performant products.
Raytheon will continue to grow their leadership in different segments. Because of their diversity, they seem perfectly in place to grow even more into an aerospace & defense giant. Engines, aerostructures, avionics, sensors, cybersecurity and other software solutions are just a few examples of their working fields.
Financial
With a PE ratio of 13.58 and PB ratio of 1.41, this is probably the most undervalued stock in my portfolio. Assets over liabilities x1.43. The rest of their financials isn't that great. UTC was carrying a lot of debt, but because of the merger, it will be better balanced as RTN was only carrying $2 billion net debt. If they can decrease their debt and optimize their merger, they are set to be the new number one in defense.
Doubts
It's still unclear how the merger will work out financially and logistically. In theory, they should be very well armed (pun intended) to take on LMT as market leader. Their exposure to commercial aircrafts is also a big threat, but it's less of an issue because they can make up with their other practices.
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As you can see, I've tried to get the best blue chips with still some growth potential and stable growth companies together. Since a lot of companies already got mentioned on this forum, I'll include a bonus round of interesting companies I came across during my search for the best companies. I didn't include them in my portfolio mainly because I feel the chance of them succeeding and living up to their future potential is more risky than others. For you looking for higher risk, higher reward, check out these companies below.
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So, that's about all I have to share. This will also be my last big post a while. Analyzing stocks has been my main occupation for the last three months, but it's time to work on opening up the hotel and bar again. I hope some of you get something out of this. I'm not a professional so always check again for yourself. I'm gonna hold on to these companies for a while now. Will add some extra capital at the beginning of 2021, so you could expect another big post about my newest findings then. For now, I'm gonna take a break from following the market day in day out and enjoy the weather a bit more.
Have a good one!
submitted by CapitalC5 to stocks [link] [comments]

$DKNG Makes No Sense to Me - Lots of Thoughts

DKNG has seen huge gains this week, mostly focused on Tuesday and today, Thursday. Both days saw intraday spikes on sports-world news: on Tuesday afternoon a presser with Gary Bettman was announced and on Thursday it was announced that the Premier League would return in June. Oddly, the stock did not move back down at all after Bettman’s announcement turned out to just be an expanded playoff format, and nothing about a return to the ice. The Premier League news didn’t seem to have much impact on other sports betting stocks either.
Both of these events point towards something that seems obviously clear: DraftKings’ stock is hugely overpriced, but seems to keep being driven up just by trading. I think there are cases to be made for short term bull or bear, and for long term bear. I’m already in on the long term bear case with Nov ‘20, Dec ‘20 and Jan ‘21 Puts that have all taken a beating, but debating what the profitable short term play is.
For some context, I used to trade bonds on one of the biggest desks in NY, but moved to be closer to family a while ago and run my own business. My state is not supported by DraftKings, so keep in mind when reading that I am a bit salty towards the company and their ability to sniff out VPNs. Been a long time lurker here, but this is my first post.
The company’s Q1 earnings was pretty enlightening and quite the spin job. I was shocked to see the stock rise that day after what I read to be a pretty poor outcome. Growth in marketing expenses can be written off as entering new states, but seeing no growth in net revenue despite 30% growth in gross revenue means that the company has a growth problem, in other words almost all the revenue growth was driven by giving away free bets and reducing vig. Let’s look further at revenue growth though.
I found it very interesting that the company led with “30% revenue growth” when, in fact, that was only at Old DraftKings, which makes up about 75% of New DraftKings revenue. SBTech makes up the rest and grew at only 3%, giving the public company a 23% growth rate for the quarter, not 30% - spin job.
The company also gave us an interesting insight into coronavirus’ impact on their business, maybe unintentionally. At Old DraftKings, they noted 60% growth through March 10th. If we assume each day through the quarter is equal, that means the last 21 days of the quarter would have been down 70% vs Q1 ‘19, that’s big. However, we know not all days are created equal in the world of sports, and Q1 included 5 NFL playoff days and the Super Bowl. If we assume NFL betting days are 3x a normal day and the Super Bowl is 3x a normal NFL day, you can see your way to revenue post-March 10th being down 95%. A similar look at SBTech’s drop from +19% to only +3% means revenue post-coronavirus is down at least by half.
Another interesting lens to use in looking at the company is how they pitched themselves when the merger was announced five months ago in December. On slide 22 they compare their valuation to a variety of comps, trying to show that the valuation is fair, probably trying to alleviate the fact that the valuation for DraftKings was about 4x what Paddy Power paid for FanDuel 18 months earlier. I’m going to ignore the “EV / 2021E Revenue – Growth Adjusted” multiple that they highlight, because adjusting a forward looking multiple based on your own forward looking growth projections is absolute garbage, and instead look at EV / TTM 3/31 Revenue for those same comps.
At $39 per share, DraftKings has a market cap a bit over $15 billion on TTM revenue of $451 million, giving them a revenue multiple of 33.7x. For those of you that haven’t been around the block a few times, that is outrageously high. The “High Growth Consumer Internet” category that they selected is at 8.1x and “EU Sportsbook Operators” at 3.6x. Their best comp is probably Flutter, which is Paddy Power + Fanduel + Stars, trades at 7.8x. DraftKings deserves a higher multiple than Flutter given that they are pure-play USA vs Flutter which has a lot of retail european revenue that isn’t high growth, but the two companies currently have the same market cap, despite FanDuel being a direct comp to DraftKings with more market share in the fast growing business segments. Even if you said DraftKings should trade at a 50% premium to Flutter, which is being very generous, that implies a share price of only $13.50.
I know what you’re going to say: “this is all about more states allowing sports betting.” Fine, let’s look at what would need to happen at the state-level to get DraftKings’ current valuation to be reasonable. Going back to the December investor presentation, DraftKings estimates their sports book net revenue at $2.3 billion given 25% market share and 65% of the US having online betting, with a 22% allowance for promos from Gross to Net. That let’s us back into $4.5 billion of gross revenue at 100% of the population. Let’s then give them a 30% bump on that for iGaming. Using the company’s current $15 billion valuation and the same 50% premium to Flutter’s revenue multiple above (11.7x) that means they need $1.28 billion of revenue, or $831 million more than they currently have. $831 million more revenue needed means they need 14% more of the population to legalize in the very short term. Of the big five states, CA, TX, FL, NY and PA, none are going to add any population, with PA already online, NY choosing retail-only and the other three being no where close to legalization and widely considered by researchers and lobbyists to be years away. The remaining 46 states, including DC, average 1.3% of the population each, meaning you need a windfall of states to add 14% of the population.
Don’t get started on nationally legalized sports betting, no one is even pushing for that and it is never going to happen. The SCOTUS repeal of PASPA was as much about taking away the Federal Government’s ability to make national decisions like allowing or disallowing sports betting as it was about sports betting itself. Sports betting will roll out throughout the US, but it is going to be a state-by-state slog.
Another thing to consider is what the company might do with its highly valued stock. As we saw with Tesla a few months ago, a big run up in stock price is a great time to do some financial maneuvering. I think there are two very good options for management right now. The first is obvious: follow-on equity offering. In going public via a reverse merger with a SPAC, DraftKings barely tapped the big institutional investors. A follow-on would be a great way to load up the coffers further - anyone that watched TV in 2015 knows they love to spend money on ads - at a very attractive valuation for the company. The problem with this is that new shares coming in, or the follow-on pricing poorly, could be a big drag on the current share price.
Another option might be a little less obvious, but I think could make a lot of sense for the company: Buy William Hill. William Hill currently has a market cap of about $1.5 billion. They have a huge footprint in Europe, a market that DraftKings previously tried and (largely) failed to enter, are a big threat to DraftKings’ DTC approach in the US and have the tech that powers much of the land-based casinos’ sportsbook operations in the US. DraftKings could buy them with their cheap stock, or issue new equity to raise money for the acquisition. DraftKings would add a ton of revenue, could cut lots of duplicated costs, diversify across geographies and sports to temper their seasonality, and replace WillHill’s outdated tech with their much better apps. The big downside is that the CEOs of the two companies seem to really dislike each other.
One reason that I think the stock could be up so much since the “IPO” is that there are a very small number of liquid shares. Remember that this wasn’t an IPO at all, it was a reverse merger with a SPAC, meaning that a much higher percentage of outstanding shares are currently locked up than would be in a typical IPO. That constraint on supply with big retail demand could be a huge driver in the stock gain.
Circling back to be three cases for what I think could happen: - Short term bull: Sports come back, stock (irrationally) trades up on it - Short term bear: Correction to a more realistic valuation, bulls taking gains, any of NHL, NBA, MLB announce they won’t play again in 2020, financial maneuvering by the company - Long term bear: Correction to a more realistic valuation, bulls taking gains, any of NHL, NBA, MLB announce they won’t play again in 2020, financial maneuvering by the company, Q2 or Q3 earnings disappoint/are eye opening, any blip to the NFL cash cow, NBA or NHL ‘20-’21 season delays, lockup ending in October
Just giving my two cents on how I’m looking at this and trading it, and curious to hear any other thoughts or theories on real reasons why the stock is moving and where it is going.
Last thought: for those of you that like DraftKings at this price, you should LOVE Flutter at this price.
submitted by TheGlove2ReignMan to investing [link] [comments]

Easy reading breakdown of DKNG as it soars

Disclosure: This is not a comprehensive breakdown, and it's not meant to be. Just some key points and context that I thought you'd find interesting.
DraftKings is technology stock meets gambling
Three main products: Daily fantasy sports or DFS, Sportsbook, iGaming
DFS is OG DraftKings. Fantasy sports are where players make fantasy teams and battle each other to win money. However, sportsbook is where the money is: betting actual money on actual sports against the house. iGaming is basically an online casino with some online games you can gamble on, in addition to the classics like blackjack and Russian roulette.
In addition to DraftKings, there’s also SBTech, the online gambling technology company that had an arranged marriage as part of the DKNG merger.
Landmark Case
In 2018, the Supreme Court knocks down the federal law prohibiting sports gambling throughout the United States. Pandora’s box is open. Each state has to decide what it wants to do with gambling on its own.
The Path to Legalization
Map of Sportsbook legality
DFS legality is more widespread
Currently, 36% of the USA population lives in a state with some form of legal gambling and 24% in a state with legal online gambling. The population living where DraftKings is live or going live is only 13% of the country. There’s a lot of ground to cover.
NJ is the posterchild for sports betting legalization at the moment, and it’s DraftKings promised land. Generating 30% of DraftKings total revenue, it is a testament to the money waiting to be made if sports betting is made fully legal.
The Risks for DraftKings
Regulation: Gambling is a money-maker, but it’s also a social disease. States will want to cash in with taxes of 6.8 to 36% but it will be a tough battle to make it happen. And that battle will unfold state by state. Just like with the marijuana industry, the fate of the market is undeniably shaped by how legalization unfolds. It could end up being a niche hobby in select states, or it could end up like gambling in the United Kingdom, where there’s a gambling shop on every corner. Or there could be a huge gambling market, but one that is monopolized by the States exclusively. If they’re going to allow gambling, why not take all the profits, right?
Competition: FanDuel and DraftKings once considered a merger before the FTC played tough. Now, together they own 95% of the DFS market in the USA with a slight majority going to DraftKings. However, there will be fierce competition as new states open up, and missteps could be stifling for either company in the early stages. The lifeblood fueling this battle? Cold hard cash burned up in advertising and incentivizing dollars. Maybe it’s not as bad as Uber since gambling has a chance at being profitable, but if you don’t like to see money burning, think twice about entering the online sports betting market over this coming decade.
Technology: The hardware of gambling is a liability. Paying for the bandwidth needed at the exact moment of a match when everybody checks their bet is expensive. Payment processing, user validation, server hosting, sports data, app store placement: these are all areas of vulnerability and cost that you can minimize but can’t eliminate. With SBTech in the fold, having complete vertical integration is the aim and strength of DraftKings.
The House Always Wins…Usually: Writing bets means risk. Thankfully, the DFS is player versus player, so DraftKings always wins, taking something like EDIT: up to 15% of what players put in. It's a bookkeeper's wet dream. But Sportsbook and iGaming have classic gambling risks which should be fine over the long-term.
The Good Side (and Oh God They’re Beautiful)
Growth Potential: It’s a technology stock. The PE Ratio is over 600. When you buy DraftKings, you’re buying the dream of an America where gambling is as American as the Ford F150. A matured Sportsbook market in the USA would be around $20 billion, about $85 per adult. It’s a beautiful untapped (and non-existent) market with lots of money waiting to be taken. With Coronavirus, the slice of the sports betting pie that goes digital is bound to be more than ever before, if the sports happen
COVID19: The only thing that can stop a sports betting company from making money is getting rid of sports. Thankfully, new sports like Table Tennis, eSports, and a host of other betting topics have allowed DraftKings to get by. With lots of cash on hand ($450 million plus) and a monthly burn of $15 million, there’s enough to weather the storm. And if sports reopen with empty stadiums, fans may turn to online gambling to get their authentic sport experience.
Turnaround Time: The largest expense that DraftKings has is conquering new markets. Every time a state opens up, it’s a massive investment. That’s why analysts and executives don’t think DraftKings will run net positive for years to come. However, DraftKings experience in New Jersey has shown an average turnaround time of about two years is all it takes to recoup their initial investment when entering a new market. Some pretty tasty data to have coming in.
The Numbers
Revenue was up to $323 million in 2019 from $226 million and $191 million the years prior. NJ made up $86 million of that, growing by 8.5x after sports betting legalization in late 2018 to make up over a quarter of revenue in 2019.
Net loss however was $146 million in 2019 from $76 million and $73 million the years prior. Cost of Revenue was $103 million, Sales and Marketing was $185 million, Product and Tech was $55 million, and General and Administrative was $124 million of that. DraftKings has never been in the green. They attribute the accelerated burn in 2019 to growth in new markets so whether its aggressive or reckless is up to you. To be fair, if you’re investing in this stock, you should be expecting them to burn every single dollar they get at this point.
Average monthly unique players was up to 684k in 2019 from 601k and 574k with the average revenue per monthly unique player up to $39 from $31 and $28. As of March 31st 2020, there were 720k monthly unique players with average revenue of $41 per. So continued growths in the midst of the early Coronavirus pandemic. Q2 will be revealing for certain.
The stock just skyrocketed to $34+ yesterday meaning a market cap of over $10 billion and a PE ratio of over 600. Take it for what it’s worth to you.
Some Quirks
DraftKings revenue is seasonal. Q4 is the best when the NFL and NBA coincide, with Q3 and Q1 being roughly equivalent, and Q2 basically being garbage. With COVID mainly taking out Q2, perhaps there’s hope for sports by Q3 and Q4 to hit those high-earning months?
Controlled Structure: You get 1 vote for 1 stock, but CEO and Founder Jason Robins gets 10 votes for each stock. So whatever you do, he has 90% of the voting power. Good for long-term growth in a highly reactive landscape, but being powerless is never a fun feeling.
SBTech offers B2B solutions for other gambling companies looking to offer online sports betting and iGaming, so there’s that added benefit. In fact, the share of B2B has been growing from 1% in 2018 to 5% in 2019, so some diversification is happening.
DraftKings’s ticker symbol DKNG reminds me of Donkey Kong
submitted by PersonalBrowser to investing [link] [comments]

NFL & NBA Updated Schedules and Degenerate Gambler DD

Edit: I'm a POS forgot about MLB. Season starts July 23. Added link and info in schedule below.
📉
Was posting this in the "what your moves tomorrow" thread but I got carried away. So figure post my Bullshit here.
The moves I am planning to make and the conjecture I am erroneously calling DD are detailed below.
All focused around the sport book services, online casinos etc for next couple days and weeks.
DKNG - GAN - BETZ - IGT - MGM - SGMS - PDYPY etc etc
Dates for NFL / NBA / MLB season opening and schedule info below
😃
Like every dumbass who thinks they sound insightful loves to say, "Americans are starved for entertainment and sports."
Another obvious thing everyone here knows based on the fanatical participation in this glory hole of a sub:
Americans are going through gambling addiction withdrawal.
They need to get right.
Well the fix they need is practically here.
⛹️
NBA
Tomorrow July 8:
All NBA teams will be checked into their Mickey and Minnie hotels and prowling the on-site facilities (aka the Orlando Covid Bubble) acting like the responsible gentleman that they are. I wonder if ladies of the night are on their way there now, or if they are already there incognito in Donald and Goofy costumes.
This means no more uncertainty. American sports will be back on the media radar.
News spots, YouTube assholes, woke social media posts, all will have NBA content.
DKNG and other gambling and fantasy platforms are going to start advertising hard.
DKNG promos will be on every PJ trader's/boomer's favorite cable news shows.
Daily fantasy targeted ads will be on your Reddit feed and on your wife's boyfriend's Instagram.
This will be the first time since their IPO in April that they will be pumping ads for biz so hard.
Crazy visibility.
You know who else is gonna talk about the NBA, MLB, and NFL starting???
🇺🇸 Trump
plus
Everyone on CNBC - Jim Cramer morning and afternoon - Faber - LeBeau - Kernen - Kernen's co host babe - The young dork who pisses Kernen off every morning
They will be falling all over themselves to show us that they are cool sport guys.
And that they know about cool sport guy gambling companies.
These tickers are gonna get alot of free stonk news airtime.
🚀
1.5 Weeks from now
July 22:
NBA scrimmages start
NBA beer virus scrimmage schedule
Major ad buys for NBA fantasy and betting will start the week before the scrimmages and run through until the season starts.
⚾⚾⚾
July 23: MLB regular season starts
MLB beer virus season schedule
⚾⚾⚾
2.5 weeks from now
July 30:
NBA Season Starts NBA beer virus schedule
This leads right to the main event for all degenerate gamblers and fantasy players
🏈🏈🏈🏈🏈 NFL SEASON 🏈🏈🏈🏈🏈
3.5 weeks from now
August 11
NFL 53 man roster cut date
The NFL preseason is cancelled
That is actually good for fantasy football, don't have to worry about injuries as much so can draft as early as you want.
So fantasy will be going full force, and DKNG will keep hitting us with the ads.
Three weeks of drafts and talking heads pumping NFL.
7.5 weeks from now
September 10
First NFL game
🙏🙏🙏
👍🏿 🍆💦
Conclusion:
Im going all in tomorrow, Thursday and Friday.
I cashed out all my calls and positions mid morning today. I am going to try my best to not drop all $ in one session.
Big picture - my moves:
Calls:
GAN, IGT, MGM, SGMS, PDYPY
Tomorrow through early next week will pickup an irresponsible amount of Calls exp 8/21 and 11/20
Gay Stock purchases:
DKNG
I am going to buy a Honda Civics worth of DKNG stock over next two - three days
Why not calls? Well I am not sure when it's going to leap and volatility is high.
DKNG was at $43.75 on June 22.
Down 30% since then.
$30 now.
Its going to blow by $50 and to $70 and maybe more by the time we are at the start of the week 2 of the NFL season (September 17).
BETZ
I will periodically throw money at BETZ tomorrow through the end of July.
Will use it to stop myself from impulse buying something stupid like HTZ or NKLA calls or TSLA puts.
I dunno why but the BETZ ticker just seems kinda gay to me.
Note: To clarify the above. I am a tard. Smart for a tard, but still a tard.
submitted by jk_cd9 to wallstreetbets [link] [comments]

I am the only one in control!

Hi, I am a gambler and this is my story.
When I was little, being and exceptionally intelligent little kid, I had a hatred towards everything that meant gambling. I was convinced it's so stupid and the only reason you should do it is for fun, but not spending more than what you would spend on a night out.
I use to have a good control over my llife always planned things carefully in advance, always sorted out difficult situations, always helped others. I even eliminated toxic things from my life: people, sweet drinks, sugar, fast food. I could do pretty much everything I wanted with so much ease that I can't even realise what brought me here. I never wanted to have lots of money. I really don't see the point in luxury, I have no need for exorbitant amounts of money. So it makes me even more confuse. Why did I want to play, what got into me?
I was surrounded by people who had a gambling addiction, but i was never even tempted to play.
The first time I gambled was on sports betting. I was around 14 I think, and bet sports. I bet the equivalent of 0,3 USD on 4 football games and won the equivalent of 0,5 USD.
From then I started gambling on sports every now and then, like a few times a month, but always very very small aamounts. I didn't have a lot of money, and i preferred spending them on necessary things like clothing, but also going out with friends. I was very organised with my money and I would always wind up with economies.
Around 17 hold'em poker got very popular in my area, so I played small sums like 10$ a month, but as soon as I turned 18 I opened my first online gambling account on bwin. From there, things started going really bad. I then created accounts on every possible poker platform. I was chasing offers and giveaways, but I still manages to hold myself back from spending too much.
I went to college after that and continued to play poker, but always spent as much as I would afford. When I was around 23 I started having a little more money and began to put it all on poker. I preferred to play poker instead of going out, but I would still keep control. Around the same age I discovered lotteries that go off every 5 minutes. At first I played very little money, poker was mostly out of the picture as I begun a full time job ad didn't have the urge of playing online, it was more like a poker night with friends I craved for, but no big money.
2 years in lotteries was ok. I could control my finances, had no urges, could stop any time, didn't play very large amounts.
After that, I bought an apartment with my wife, had a kid coming, everything cool.
I also used to play DOTA for fun and i usually prefered doing that than losing money on gambling.
But things took an ugly turn and I began betting big. I had really big wins, used to go buy things I needed, stuff for the house, I could really make good use of the wins and my wife, although not happy with me playing, most of the time knew what I was doing. I was pretty transparent to her.
Things hit the fan when I got a big raise at my workplace and starting earning good money. But even more ugly when banks made it so easy to make loans that it took me half an hour to make online loans of 40k USD and lose it all in less than a day.
So, yeah, everything got ugly really fast. I hid from my wife all my loans, but eventually had to come clean last year because we had to move to another country and she said it would be a good idea to make a loan to help us get started, I told her we can't and eventually confessed. Of course she didn't take it very well but she was supportive.
I by then suspended all my online accounts and was a little happy with myself. Said I would start fresh.
It took my a month until I got back to betting due to an old account that conveniently got reactivated after I had suspended it for a year.
I didn't lose too much money and I confessed to my wife and deactivated my account.
Got to visit my home country in september last year when I gambled less than 50$ cash and made 1000$ in a gambling office on international lotteries. I payed off some debts and didn't play. Returned to my adoptive country and thought I'd ask for a friend's account to play a little online. Made another 3000$. I made a withdrawal of 2000 and kept the rest for playing. Everything was going well until my friend, also an addict, started to lose my money. I got pissed and eventually lost all, even the money I had withdrawn. Another account was reactivated due to expiration of exclusion period and I started betting on my own account. Not very much. Had some ups and downs. Payed off a few debts, but eventually ended up again playing more than I had. Never said anything to my wife. I kept lying because I had to pay my debts from my salary. Now, apart from around 40k that I'm paying for 5 years from now, I have made a 2000$ debt after winning 2000$ 2 weeks agod and then losing 4000. I will pay it, that's for sure, but I Iied to my wife again. It feels so bad.
Most of the time I can't even have an errection so I lie I am tired (which is also true because I work 80hrs a week, so believable), but that never stopped me before. We used to have sex very often no matter how tired I was.
So now, I suspended my account. I think of playing every day to win back at least 2000$ for being on "zero".
But I hope I won't play. It is very difficult to gamble where I am right now so that's good for me, but I sometimes find myself searching for betting opportunities near me.
Sometimes I just wanna be run over by a bus so that my family can get the insurances I have on my death, but I think of my children and see how upset they are when they don't see me for a day and say to myself that I would bring them so much suffering if I was gone. So I choose the least suffering option which is making them suffer by my addiction.
Fuck gambling. Fuck all the shining lights, all the repetitive tunes, all the friendly platforms. And fuck myself for losing my identity.
I used to be a brilliant kid with large potential and a bright future. Although I hadn't had much as a kid, I had my intelligence and had and have a lot of respect and support from people because I was always smart, well-mannered, respectful, helpful, a good friend, a good lover, but now I feel like it's all lost...
I have a job where I have to study all the time but I can't get myself up to the person I was before my addiction took over me.
I miss playing DOTA, I miss playing with my kids and reading to them without thinking of gambling while doing that.
I miss going to the beach, hiking, doing sports, reading.
I have lost a good part of my life without even dying.
I feel like i have something in my head, I have a physical feeling that there is something there. Like when you lose a tooth and you put an implant that feels awkward but eventually you get used to that. But I can't get used to this feeling I have of something in my head that i can't get out. I want to put my hand into my head and pull it out. It feels like its compressing my brain. It's really gotten physical. The feeling gets worse when I gamble even if I win or lose. I wanna puke only when thinking of gambling and it gets worse when I do it. So if it feels so bad, why does my stupid ass brain.keep doing it?
Fuck gambling.
I wish every day that when I wake up I will not see commercial for gambling platforms.
That's the least they could do to help us. Stop advertising it.
Thanks for reading.
submitted by Mycofenolate_mofetil to GamblingAddiction [link] [comments]

What do you think of my DD on DraftKings (DKNG)?

DKNG has gained a lot the week of May 24 2020, mostly focused on May 26 (Tues) and May 28 (Thurs). Both days saw intraday spikes on sports-world news. On May 26 afternoon, a presser with Gary Bettman was announced, and on May 28, it was announced that the Premier League would return in June. Oddly, the stock did not drop at all, after Bettman’s announcement turned out to just be an expanded playoff format, and nothing about a return to the ice. The Premier League news didn’t impact other sports betting stocks either. Both events clearly imply that DKNG’ stock is hugely overpriced, but it’s being driven up just by trading. I’m not affiliated with DKNG in any way.
The company’s lousy Q1 earnings was quite the spin job, and I was shocked to see the stock rise that day! Growth in marketing expenses can be written off as entering new states, but no growth in net revenue, despite 30% growth in gross revenue, means that the company can’t actually grow. In other words, almost all revenue was grown by offering free bets and reducing vigorish. Let’s examine revenue growth further.
I was stunned that the company led with “30% revenue growth” when, in fact, that was only at Old DKNG, which constitutes 75% of New DKNG revenue. SBTech makes up the rest and grew at only 3%, giving the public company a 23% growth rate for the quarter, not the 30% spin job. DKNG might’ve unintentionally unveiled COVID19’s impact. At Old DKNG, they noted 60% growth through March 10th. If we assume that each day through the quarter is equal, that means the last 21 days of the quarter would have been down 70% vs Q1 ’19!!! This difference is hefty! But we know not all days are created equal in the world of sports, and Q1 included 5 NFL playoff days and the Super Bowl. If we assume NFL betting days are 3x a normal day and the Super Bowl is 3x a normal NFL day, revenue post-March 10th will drop 95%. Similarly, because SBTech’s dropped from +19% to only +3%, revenue post-COVID19 will drop at least by half.
Also examine how they pitched themselves when the merger was announced in Dec. 2019. On slide 22, DKNG compare their valuation to competitors’, trying to show that the valuation is fair, probably trying to counter DKNG’s valuation that was4x what Paddy Power paid for FanDuel 18 months earlier. Let’s ignore the “EV / 2021E Revenue – Growth Adjusted” multiple that they highlight, because it’s completely unreliable to adjust a forward looking multiple based on your own forward-looking growth projections. Instead look at EV / TTM 3/31 Revenue for those same comparisons.
At $39 per share, DKNG has a market cap over $15 billion on TTM revenue of $451 million. So their revenue multiple is 33.7x, which is too overvalued! The “High Growth Consumer Internet” category that they selected is at 8.1x and “EU Sportsbook Operators” at 3.6x. Their best competitor is Flutter, which is Paddy Power + Fanduel + Stars, and it trades at 7.8x. DKNG deserves a higher multiple than Flutter because DKNG is pure-play USA, and Flutter earns retail European revenue that isn’t high growth. But the two companies currently have the same market cap, despite FanDuel competing directly with DKNG with more market share in the fast growing business segments. Even if you are generous to DKNG and believe they should trade at a 50% premium to Flutter, DKNG’s share price ought be just $13.50.
No, this isn’t about more states allowing sports betting. Let’s examine what must happen at the state level to value DKNG’s current valuation reasonably. In their December investor presentation, DKNG estimates their sports book net revenue at $2.3B given 25% market share and 65% of the US having online betting, with a 22% allowance for promos from Gross to Net. Consider their $4.5 billion of gross revenue at 100% of the population. Let’s bump that by 30% bump for iGaming. DKNG’s current $15 billion valuation and the same 50% premium to Flutter’s revenue multiple above (11.7x), mean that DKNG need $1.28B of revenue, or $831M more than they currently have. $831M more revenue needed means 14% more of the population must legalize in the very short term. Of the big five states, CA, TX, FL, NY and PA, none will add any population, because PA is already online, NY chose retail-only and researchers and lobbyists don’t think the other three will legalize for another 5 years. The remaining 46 states, including DC, average 1.3% of the population each, meaning you need a windfall of states to add 14% of the population.
Forget nationally legalized sports betting, because no one is even pushing for that and it won’t happen. SCOTUS invalidated PASPA to remove the Federal Government’s ability to make national decisions like (dis)allowing sports betting. Sports betting will roll out throughout the US, but will slog state-by-state.
Now that DKNG’s stock has rocketed, DKNA’s management has two good strategies, like TSLA did when TSLA's stock price rocketed in Jan 2020.
  1. The first is obvious: follow-on equity offering. In going public via a reverse merger with a SPAC, DKNG barely tapped the big institutional investors. This follow-on can add cash to the balance sheet. If you watched TV in 2015, you know DKNG love to spend money on ads, at a very attractive valuation for the company. What’s the problem? New shares, or if the follow-on prices poorly, can lower the current share price.
  2. The less obvious option is to buy a competitor, William Hill, that has a market cap of about $1.5B. They have a huge footprint in Europe, a market that DKNG previously tried and failed to enter. Europe threatens DKNG’ DTC approach in the US, and Europe has the IT that powers much of the land-based casinos’ sportsbook operations in the US. DKNG could buy them with their cheap stock, or issue new equity to raise money for the acquisition. DKNG would add much revenue, can cut lots of duplicated costs, diversify across countries and sports to temper their seasonality, and replace William Hill’s outdated tech with DKNG’s better apps. The downside is that these two companies’ CEOs dislike each other.
What’s one reason the stock has risen so much since the “IPO”? Because DKNG has a teensy number of liquid shares. Remember this wasn’t an IPO at all, it was a reverse merger with a SPAC, so a much higher percentage of outstanding shares are currently locked up than in a typical IPO. That constraint on supply with big retail demand could boost the stock price! I’ll summarize the 3 cases for DKNG.
  1. Short term bull: Sports come back, stock (irrationally) trades up on it.
  2. Short term bear: Stock price corrects to a more realistic valuation. Bulls take gains. Any of NHL, NBA, MLB announce they won’t play again in 2020. Company decides on more financial maneuvering.
  3. Long term bear: Q2 or Q3 earnings disappoint. The NFL cash cow drops or NBA or NHL ‘20-’21 season gets delayed. Lockup ends in October 2020.
submitted by lawgrads to SecurityAnalysis [link] [comments]

10 years of gambling addiction comes to a close.

Hello,
I thought I would essentially start my journey by posting here so I can get my thoughts written out in black and white. Ultimately my journey began fairly common to others in the UK. I was 17 years of age starting to become interested in going to football with friends and putting on accumulators mostly multiple £1 bets or the odd £5 ones never spending more than £10-£15 pounds over the course of the weekend. Like most I have the fond memory of winning big and still had the screenshot of it until recently when I moved onto betting online when the gambling apps started coming out thick and fast rather than going into the bookmaker shops themselves. £2.50 I had placed on a 250/1 double and at the age of 18 I thought I had won the lottery I did not gamble all the money away I spent it enjoying myself and going out with friends and continued spending small with gambling.
Not long after this it turned into going to the casino every other weekend for something to eat, drink and of course bet. I remember going with a few friends and one of them was starting with £800 which he had in cash. I had never in my life seen this much money in cash before and was just blown away by it. I cannot even remember on the night if he won or lost money all I can remember is that wad of cash and thinking that is what I want to be like and be able to afford to bet that amount. Long story short of course my friend at the time ended up become extremely addicted to gambling as I realised over the years to come.
Roll on 5 years later I have lost endless amounts of money by throwing away my wages every single day. Gambling online week after week, month after month and in turn year after year. Some of the moments that stick out in my mind were when I would sit up and wait for pay to come into my bank at 02:00am when I had work the next day and it would be lost within an hour or 2, an entire months hard work of getting up 5 times a week doing a job for 8-10 hours a day all gone in usually no time at all. Unfortunately for me this is when the real trouble would start. When this would happen I would instantly turn to payday loans to essentially replace my lost wage to live on for that month. I would usually be fairly good I will still gamble but I would try and keep some for getting through the month regarding transport and food etc. Of course the time would eventually roll round where I would need to pay the high interest loan off and it would be sidelined as I had just been paid and the mentality was I can win the money back, pay off the loan and life would be good back to square one. The reality is, the true meaning of square one is something that no real gambling addict has experienced for years. The average person would be fairly unhappy living pay cheque to pay cheque month after month and having no savings, where as I would bite your hand off to be back in that situation debt free and a clean slate.
Unfortunately for me I was extremely good friends with a very disciplined person who I looked up to for all things gambling, the truth is he was a winner and he used to tell me " A good gambler is judged on how they lose not how they win " If you can lose money and accept it and go to your bed knowing you placed a good bet or even a bad bet and it lost and put it behind you and go again fresh the next day you are doing something right. I on the other hand was the chase your loses type. I could not face losing money and it was either win it back there and then or lose the lot and deal with that instead.
My story I feel is a little different from others because at one point I actually had success where I was not working and quite literally gambling for a living (if you can believe that). I essentially saved up and won money creating a fairly large bankroll. I had a spreadsheet where I documented every bet I placed, unit sizes, odds and all the rest and the truth is it worked. I have been an avid follower of a very niche sport all my life my knowledge is very high regarding that particular sport if you mix that in with when I discovered bookmakers starting to offering odds on it that was that I knew my goal. I had a little group where I would post the picks to and obviously done well from it. I experienced having accounts limited and closed by bookmakers while getting the emails saying " The traders have decided as a business decision we regret to inform you we are closing/limiting your account ". Now when you receive emails like this it does something to your ego, you absolutely know you are hurting their business plan of having a full customer base of losers and they no longer want your business. I began starting buying accounts off friends in order to access specific bookmakers so I could place my bets etc. It was a great time and a very successful one. Sadly it did not last, when I was doing this 95% of my time was spent researching, reviewing footage and genuinely digging for all information I could get. The other 5% was looking for the best available odds and placing my bet. I was much more sensible with my stakes because I had a clear head and a free mind to actually think correctly on what I was doing.
Not long after this I began ultimately spending more money than I was making causing a sort of panic to make more but instead of putting more effort into studying my niche sport which I was consistently winning on and looking for a good spot, I would turn to chance and pure luck. Goals bets in football on any random game inplay, Roulette, Blackjack etc etc etc. I would happily place an £800 spin on roulette yet my maximum bet on my niche sport would be £125. A pick where I would be on the value side with a genuine edge against the bookmaker, a bet where I would be placing it at odds of 6/4(2.50) and the bet would close at 8/11(1.72). Utter madness. I put this down to the state of mind I was in. When I was researching I was not getting drawn in by a gambling website I had my little plan in place and I carried it out. I was on gambling websites briefly to place the bet and then log off. But when I was sat on betting sites looking for a bet it would just completely spiral out of control.
I am currently 27 years old and I feel like I have been gambling CONSTANTLY for almost 10 years, which sadly I ultimately have been. I am in debt and although coming out and admitting it to people who care about me there are still secrets I cannot share regarding money owed out etc. I have decimated my credit score, have registered with almost every bookmaker going and I have closed multiple bank accounts over the years that were absolutely littered with betting transactions. I recently found an old statement from 2012 and it was such a surreal situation thinking what age I was back then and yet my bank statements look identical to this day.
I have not posted this for sympathy or anything like that the main reason for posting today is mainly to help other people and for closure. I always take everything with a pinch of salt online like most do but believe me when I say I have experienced every aspect of gambling. The lowest lows of losing, the highest highs of winning big(lucky), the thrill of being extremely disciplined and focused on making money consistently, closing accounts and saying never ever again to finally having accounts limited as mentioned previously for winning.
The bottom line when it comes to gambling is you just simply CANNOT win over your life time so why are you doing it? You are essentially paying a direct debit throughout your life to all these different betting companies for a bit of dopamine to be released in your brain. I manged to clear my debt and had about £10,000 saved £5,000 bankroll and was on cloud 9 and look where I am at now. I have £100 in my bank for the essentials and about £10,000 in debt just 3 odd years later. I have carried on for so long to try and re-live the dream I thought I had but the hard hitting reality is even when I was doing well I was constantly fighting against being banned from shops and having accounts online limited and closed. Even when you win you cannot win for long so it is pointless. I am a risk taker at heart and can be very impulsive which for a gambler is a non starter. It will NEVER end well if you have these types of traits as you could do well for months or years being disciplined but one day that IMPULSE will burst through your body and overcome and ruin all your hard work.
This might come across like I am bitter about the situation but I am not. I actually feel a real sense of relief typing this up today, usually when I read these sorts of posts from other users and it is day 1 for them for quitting gambling I skip over it because I think yeah, you will be back at it tomorrow or when you next get money, not very supportive but it is the truth none the less for most I feel.
One thing that is happening right now within the gambling industry is safer gambling adverts especially in the UK. I realised that what they are doing is the same as what sugary food product companies done with regards to their food stuffs being deemed unhealthy they were ultimately asked to remove certain products but instead they turned it round as said they would introduce more healthier, lower sugafat alternatives instead which resulted in just adding more of their products to the market. That is EXACTLY what the gambling firms are doing just now they have been told about the harm it is doing and have been told to essentially lower the amount of exposure to children/adults alike with these adverts and their response is not to reduce the amount but to introduce safer gambling when the fun stops, stop adverts just increasing the amount of times their logo appears on your screen through multiple more adverts.
Anyway, I would like to think at least one person reads this and it makes them think twice. Maybe somebody who is 18 and has just began gambling or maybe somebody who is similar ages to myself or even older who can relate to my experience in anyway.
If you have managed to read all of this then well done, If I came across a post browsing on this after a loss and seen it was this length I would not bother, I would skip to the end like my impulsive personality would command me to do which is a little reminder as to why I am posting this in the first place being a compulsive and impatience gambler.
To end on a positive note my gambling journey comes to an end today. I am 27 years old and have been at it from 17 and enough is ultimately enough for me. My new goal has been laid out prior to writing this in regards to avoiding temptation, paying off what I owe and what to do with my wages going forward.
I wish anybody reading this who is struggling all the best and if you have any intention to quit and have stumbled across this sub-reddit then it is time to quit or else you would not be here and you know it. As for anybody who reads through this and still gambles themselves then maybe take a look at what you are doing and if you can honestly look yourself in the mirror and admit you have no problem then great and good luck with what you are doing.
If you want to maybe ask more about my situation in relation to your own, have any questions or are just looking for somebody to listen to your story then feel free to message me.
Thanks,
LD.
submitted by LetniyDozihdik to GamblingAddiction [link] [comments]

10 years of gambling addiction comes to a close.

Hello,
I thought I would essentially start my journey by posting here so I can get my thoughts written out in black and white. Ultimately my journey began fairly common to others in the UK. I was 17 years of age starting to become interested in going to football with friends and putting on accumulators mostly multiple £1 bets or the odd £5 ones never spending more than £10-£15 pounds over the course of the weekend. Like most I have the fond memory of winning big and still had the screenshot of it until recently when I moved onto betting online when the gambling apps started coming out thick and fast rather than going into the bookmaker shops themselves. £2.50 I had placed on a 250/1 double and at the age of 18 I thought I had won the lottery I did not gamble all the money away I spent it enjoying myself and going out with friends and continued spending small with gambling.
Not long after this it turned into going to the casino every other weekend for something to eat, drink and of course bet. I remember going with a few friends and one of them was starting with £800 which he had in cash. I had never in my life seen this much money in cash before and was just blown away by it. I cannot even remember on the night if he won or lost money all I can remember is that wad of cash and thinking that is what I want to be like and be able to afford to bet that amount. Long story short of course my friend at the time ended up become extremely addicted to gambling as I realised over the years to come.
Roll on 5 years later I have lost endless amounts of money by throwing away my wages every single day. Gambling online week after week, month after month and in turn year after year. Some of the moments that stick out in my mind were when I would sit up and wait for pay to come into my bank at 02:00am when I had work the next day and it would be lost within an hour or 2, an entire months hard work of getting up 5 times a week doing a job for 8-10 hours a day all gone in usually no time at all. Unfortunately for me this is when the real trouble would start. When this would happen I would instantly turn to payday loans to essentially replace my lost wage to live on for that month. I would usually be fairly good I will still gamble but I would try and keep some for getting through the month regarding transport and food etc. Of course the time would eventually roll round where I would need to pay the high interest loan off and it would be sidelined as I had just been paid and the mentality was I can win the money back, pay off the loan and life would be good back to square one. The reality is, the true meaning of square one is something that no real gambling addict has experienced for years. The average person would be fairly unhappy living pay cheque to pay cheque month after month and having no savings, where as I would bite your hand off to be back in that situation debt free and a clean slate.
Unfortunately for me I was extremely good friends with a very disciplined person who I looked up to for all things gambling, the truth is he was a winner and he used to tell me " A good gambler is judged on how they lose not how they win " If you can lose money and accept it and go to your bed knowing you placed a good bet or even a bad bet and it lost and put it behind you and go again fresh the next day you are doing something right. I on the other hand was the chase your loses type. I could not face losing money and it was either win it back there and then or lose the lot and deal with that instead.
My story I feel is a little different from others because at one point I actually had success where I was not working and quite literally gambling for a living (if you can believe that). I essentially saved up and won money creating a fairly large bankroll. I had a spreadsheet where I documented every bet I placed, unit sizes, odds and all the rest and the truth is it worked. I have been an avid follower of a very niche sport all my life my knowledge is very high regarding that particular sport if you mix that in with when I discovered bookmakers starting to offering odds on it that was that I knew my goal. I had a little group where I would post the picks to and obviously done well from it. I experienced having accounts limited and closed by bookmakers while getting the emails saying " The traders have decided as a business decision we regret to inform you we are closing/limiting your account ". Now when you receive emails like this it does something to your ego, you absolutely know you are hurting their business plan of having a full customer base of losers and they no longer want your business. I began starting buying accounts off friends in order to access specific bookmakers so I could place my bets etc. It was a great time and a very successful one. Sadly it did not last, when I was doing this 95% of my time was spent researching, reviewing footage and genuinely digging for all information I could get. The other 5% was looking for the best available odds and placing my bet. I was much more sensible with my stakes because I had a clear head and a free mind to actually think correctly on what I was doing.
Not long after this I began ultimately spending more money than I was making causing a sort of panic to make more but instead of putting more effort into studying my niche sport which I was consistently winning on and looking for a good spot, I would turn to chance and pure luck. Goals bets in football on any random game inplay, Roulette, Blackjack etc etc etc. I would happily place an £800 spin on roulette yet my maximum bet on my niche sport would be £125. A pick where I would be on the value side with a genuine edge against the bookmaker, a bet where I would be placing it at odds of 6/4(2.50) and the bet would close at 8/11(1.72). Utter madness. I put this down to the state of mind I was in. When I was researching I was not getting drawn in by a gambling website I had my little plan in place and I carried it out. I was on gambling websites briefly to place the bet and then log off. But when I was sat on betting sites looking for a bet it would just completely spiral out of control.
I am currently 27 years old and I feel like I have been gambling CONSTANTLY for almost 10 years, which sadly I ultimately have been. I am in debt and although coming out and admitting it to people who care about me there are still secrets I cannot share regarding money owed out etc. I have decimated my credit score, have registered with almost every bookmaker going and I have closed multiple bank accounts over the years that were absolutely littered with betting transactions. I recently found an old statement from 2012 and it was such a surreal situation thinking what age I was back then and yet my bank statements look identical to this day.
I have not posted this for sympathy or anything like that the main reason for posting today is mainly to help other people and for closure. I always take everything with a pinch of salt online like most do but believe me when I say I have experienced every aspect of gambling. The lowest lows of losing, the highest highs of winning big(lucky), the thrill of being extremely disciplined and focused on making money consistently, closing accounts and saying never ever again to finally having accounts limited as mentioned previously for winning.
The bottom line when it comes to gambling is you just simply CANNOT win over your life time so why are you doing it? You are essentially paying a direct debit throughout your life to all these different betting companies for a bit of dopamine to be released in your brain. I manged to clear my debt and had about £10,000 saved £5,000 bankroll and was on cloud 9 and look where I am at now. I have £100 in my bank for the essentials and about £10,000 in debt just 3 odd years later. I have carried on for so long to try and re-live the dream I thought I had but the hard hitting reality is even when I was doing well I was constantly fighting against being banned from shops and having accounts online limited and closed. Even when you win you cannot win for long so it is pointless. I am a risk taker at heart and can be very impulsive which for a gambler is a non starter. It will NEVER end well if you have these types of traits as you could do well for months or years being disciplined but one day that IMPULSE will burst through your body and overcome and ruin all your hard work.
This might come across like I am bitter about the situation but I am not. I actually feel a real sense of relief typing this up today, usually when I read these sorts of posts from other users and it is day 1 for them for quitting gambling I skip over it because I think yeah, you will be back at it tomorrow or when you next get money, not very supportive but it is the truth none the less for most I feel.
One thing that is happening right now within the gambling industry is safer gambling adverts especially in the UK. I realised that what they are doing is the same as what sugary food product companies done with regards to their food stuffs being deemed unhealthy they were ultimately asked to remove certain products but instead they turned it round as said they would introduce more healthier, lower sugafat alternatives instead which resulted in just adding more of their products to the market. That is EXACTLY what the gambling firms are doing just now they have been told about the harm it is doing and have been told to essentially lower the amount of exposure to children/adults alike with these adverts and their response is not to reduce the amount but to introduce safer gambling when the fun stops, stop adverts just increasing the amount of times their logo appears on your screen through multiple more adverts.
Anyway, I would like to think at least one person reads this and it makes them think twice. Maybe somebody who is 18 and has just began gambling or maybe somebody who is similar ages to myself or even older who can relate to my experience in anyway.
If you have managed to read all of this then well done, If I came across a post browsing on this after a loss and seen it was this length I would not bother, I would skip to the end like my impulsive personality would command me to do which is a little reminder as to why I am posting this in the first place being a compulsive and impatience gambler.
To end on a positive note my gambling journey comes to an end today. I am 27 years old and have been at it from 17 and enough is ultimately enough for me. My new goal has been laid out prior to writing this in regards to avoiding temptation, paying off what I owe and what to do with my wages going forward.
I wish anybody reading this who is struggling all the best and if you have any intention to quit and have stumbled across this sub-reddit then it is time to quit or else you would not be here and you know it. As for anybody who reads through this and still gambles themselves then maybe take a look at what you are doing and if you can honestly look yourself in the mirror and admit you have no problem then great and good luck with what you are doing.
If you want to maybe ask more about my situation in relation to your own, have any questions or are just looking for somebody to listen to your story then feel free to message me.
Thanks,
LD.
submitted by LetniyDozihdik to problemgambling [link] [comments]

PAIN - DRAMA - SUFFERING

It's been a full year since I started my addiction to slots. Hopefully my last form of addiction I will ever face. Sports betting, poker, black jack, roulette slots. Down 200k at 32. Quit for 5 years before one lucky slot win got me spiraling down and lost 75k in the last year. What a mess. 48k in debt. I have lost so much time this past year which is worse than the money.
Quarantine got me bad. I'm not used to sitting around, I'm usually go go go. I'm a degenerate gambler. I can't stop. I never won more than a 5k jackpot doing $10 spins but rarely would I cash out. A gambler in debt is the worst mindset.
I also realize I'm fucked up mentally. My therapist said some people who have dealt with trauma as a kid carry that into adulthood. I am addicted to PAIN, DRAMA and SUFFERING.
I had a lot of loss and close friends and family death in the worst way when I was young. When I was in my early 20s and life started to look up i I was gambling non stop. A good day would turn to shit after losing money on that nights game. I guess deep down I liked that shitty feeing. So fucked up.
Fast forward to my mid to late 20s. Life is awful. I won't mention anything but there was a lot of PAIN, SUFFERING and DRAMA. I had no desire to gamble as I was already getting my hit of my favourite "drug".
Last couple of years have been great. Got the girl of my dreams, business is good, I love my work and I work on expansion. Play sports with my friends a few nights a week. Everything is perfect. Then I find the most potent drug of all... slots. Won big on a fluke second spin of my life. I swear I always thought slots were not fun and I would never of played if I didn't win that 1$ spin. Sitting many nights with my girlfriend beside me playing online slots. I'd go from happy to upset then back to happy then very upset when I lost all my winnings one hour later. She had no idea I was spinning $10 a spin. Losing 1k in 15min on multiple occasions. When I would win it would be very early and I couldn't just stop playing. I swear they only give out winnings early in the session, never at the end when you just want to break even.
Anyway. June 13 2019 - June 13 2020 was my slot addiction. Lost 75k. Time to look forward. Deleted all my gambling accounts and will install gamban. I simply can no longer afford to gamble. Not the money, but the time wasted. The hijacking of my brain, thr mood swings, the very UNNECESSARY stress.
I need to go back to meditation. I know what my therapist will say when I tell him about my past year. "you're looking for the hit of your favourite drug, pain, drama, suffering, when will you learn?"
I'm not a bad guy. Gambling is making me one though. I gambled some of my business loan away. I sold jewelry. I gambled on credit for the past couple of months. I can see how people end up destroying their lives. I'm almost there myself. I'm so close to destroying my life due to gambling I have to stop right now!
Gambling is the devil, an evil spirit. It makes a good person bad. When I get the itch in the future I will recognize the evil. I will mediate for 15min whenever I get that itch and over time my brain will heal. I need to stay on the right track if I want to accomplish goals instead of chasing "easy" money.
Hard work and positivity will get me there. Not gambling.
submitted by degen0393 to problemgambling [link] [comments]

Rock Bottom - trying to cope.

Please people, NEVER EVER EVER BET ON CREDIT. Here’s my story:
So last year I got into sports gambling. This is where I have a BIG PROBLEM STARTING. Little Bit of Baseball, Then some NFL and I was doing okay, feeling good. New hobby, fun so far. I’m placing bets on a site with a bookie. I then started losing every week, my initial limit was $500 a week with the bookie.
Starting in January I got in really deep, was calling in to raise my credit limit with the bookie and everything. I always paid very reliably so eventually he let me blow up to $3,000 in a week. Every week was bad.
After about 6 weeks I’m getting very aggravated and scared. I’ve lost probably $20k+ at this point in cash. So I panic and keep chasing it. I lose more and more. So of course when I’m chasing losses and there isn’t a sporting event on I get desperate and go to his online casino. I start playing slots like a mad man and then card games and whatever I can find. Losing more and more. I’m in way too deep at this point. It gets to the point I’m blowing my credit line with the bookie every week within the first two days of the week.
Finally I hit him one week for like $3k. What a false confidence that turned into. Was back to losing again and again and again!!
COVID-19 hits..... no sports. What a blessing for my gambling problem. I know it’s out of hand and I’m looking forward to a forced break. WELL, lucky me I remembered the bookie casino must still be operational. What a Junkie I am. I proceed to play and lose over and over and over. I finally decide I can’t win and it must be rigged somehow. The cards were bad, everything was bad. So I decide to quit. That was three weeks ago...... I just yesterday called the bookie and told him I’m done. I’m tapped. Count me out, close my line of credit.
I’m now awaiting next week when I make my final payment to him of $3k on Friday and walk away. It’s so hard. So so hard but I’m broken, battered, destroyed. I have no other option or I will be homeless and hungry.
I haven’t paid my rent or utility bills this month yet. I went from a savings account of $50k to now $30k in debt. I’m miserable. Just miserable. I feel taken, abused, mistreated and ashamed. I’m now sitting in limbo waiting for my next paycheck so I can pay him and then I’m going to have to wait a week after that to start paying bills and catching up. I’m crushed.
The hard part is sitting here with nothing to do but think about what I’ve done to myself. All my savings gone, all the debt I have to pay off now. I’m ruined. Contemplating what would have happened if I had dug deeper. Feeling hopeless and defeated. No matter who I talk to or hang around I feel alone.
I know I would have never just spent this money, it wasn’t real to me because I was betting on credit. This is the worst I have EVER felt about myself by a long shot. I wish this on nobody. I am posting this out of the need to share and get it off my chest. Trying to cope with loss and having to live with myself.
submitted by SnooWords5041 to GamblingAddiction [link] [comments]

Educational Toys - How Do Parents Choose the Best Educational Toys for Their Child in 2020?

Educational Toys - How Do Parents Choose the Best Educational Toys for Their Child in 2020?
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The decisions are mind desensitizing. Stroll into any toy spare or the toy area of any division spare and there are racks and degrees of toys marked 'instructional toys'. There are books, computer games, dolls, and rundown simply is continuing forever. It incorporates the entire thing from a baby's structure squares to Leapfrog intelligent games. The sheer assortment is overpowering. How does a perceive or a grandparent pick the top of the line instructional toys for the children of their lives? Will the child like it? Will it save up underneath the maltreatment of play? Will it achieve the capacities for which it transformed into bought? Lastly, is it a decent cost for the cash?
The principal decides that father and mother and grandparents ought to keep up in musings is to purchase instructive and educational toys for kids that are age fitting. The enticement is about overpowering to look for kids, exceptionally indulges, toys that mirror the diversions of the provider. For instance, how frequently have you at any point seen fathers who were sports devotees give a newborn child a lump of sports gadget that becomes route past the young person's capacity to utilize. Footballs, angling bars, and retires from given to newborn children and babies are an entire misuse of cash. Guardians, gladly persuaded they're raising a baby wonder, make an irritating high schooler once they drive the kid into playing with toys open air the producer's guided age go. Genuine security dangers are provided while youngsters are prescribed to play with toys past their capability to capture or oversee securely.
The second standard of buying best instructive toys for kids is to keep in touch with the kid's side interests. Youngsters create and create at quick rates, both intellectually and substantial. Constantly changing side interests is a characteristic a piece of this improvement as the child investigates new musings and ideas. It is basic for guardians, and grandparents, to invest energy betting with the child for a whole host of reasons. One of those intentions is that it empowers the grown-up to keep in touch with the child's bleeding-edge interests. Play is the way adolescents learn and scholarly toys are instruments of that play. It does minimal great to purchase a little young lady jigsaw riddles and Teletubbies while what unquestionably interests her are word computer games and science sets.
Educational Toys Should Serve A Purpose And Stimulate The Child
Pick instructional toys that animate the child. How regularly have we bought youths a toy and watched them push the toy separated and play with the case in which it becomes bundled? Instructive toys are of two fundamental sorts. They are individuals who grow physical skills and individuals that expand intellectual abilities. Legos, for instance, are extraordinary instructive toys for more seasoned pre-workforce and rudimentary school matured children. Legos welcome children to wind up imaginative as they unite those interlocking squares into a boundless bunch of shapes and plans. The movement of collecting the Legos furthermore permits grow extraordinary engine abilities.
Be careful toys which may be so especially propelled that the game does the entirety of the play. Some computer games fall into this classification. The child does now not need to think or perhaps be particularly capable or facilitated genuinely to play the game. These computer games might be an exciting redirection for the youth, however, they contribute next to no to both the adolescent's imaginative or physical turn of events.
When settling on instructive and Best educational toys for kids, pick five stars over amount. We have talked about adolescents' generally developing interests. All things being equal, we as a whole also routinely overpower our adolescents at present giving exercises comprising of birthday celebrations, Christmas and Hanukkah. Youths go from toy to toy and can't choose with which to play. On the off chance that this least difficult happens two or three times each year the child will accordingly kind them out and play with every one of them. The difficulty is that numerous kids are persistently given new toys, presently at extraordinary events as well as during the year.
A few youngsters are given such a ton of toys, that they keep on being overpowered. They do no longer figure out how to appreciate the things that they are given. They additionally can expand a misshaped feeling of qualities. They start to liken parental and grandparental love with the measure of things they're given. Their desires for what they might be given venture into ridiculous levels. This is a heartbreaking trademark if it's far conveyed into adulthood.
Kids overpowered through the scope of toys they might be given get little profit by the instructional toys. They can't focus on somebody's toy sufficiently long to allow their imagination to bloom. Too many toys might be negative to an adolescent.
Guardians and grandparents should likewise concentrate on plays with work in top-notch. As we have just examined, the toy should be intended to invigorate the kid's physical gifts or imaginative capacities. The toy should furthermore be sheltered and strong for the age gathering of children for which it got structured. The toy ought to be intended to keep up well underneath the maltreatment of play. It should not be built of conceivably harmful substances comprising of toxic paint. It should likewise be built in a manner wherein little bits that can be gulped won't with no difficulty be harmed off and in a way that there are negligible dangers of harm from sharp edges or corners. https://theshopswell.com/top-20-educational-toys-for-kids-best-gift-ideas/
Guardians and grandparents can help their children securely develop to be cheerful, solid, and balanced young people with a couple of faithful regard for the instructional toys they pick. Simply keep up in contemplations the youngster's level of advancement and current intrigue and pick toys that may be suitable for that age and intrigue. Make certain the toy will invigorate the child both truly or innovatively. You have to extend the kid's capacities, yet now not a great deal that the young person transforms into disappointed or so little that the child either will get exhausted with the toy or sluggish genuinely or intellectually. At last, whenever given the decision, pick a couple of wonderful toys instead of a room brimming with sensibly valued toys. You should purchase instructional toys online from theshopswell directly here is a lot of top of the line instructive and diverse toys.
submitted by hannahheales to u/hannahheales [link] [comments]

What do you think of my commentary on DraftKings (DKNG)?

DKNG has gained a lot the week of May 24 2020, mostly focused on May 26 (Tues) and May 28 (Thurs). Both days saw intraday spikes on sports-world news. On May 26 afternoon, a presser with Gary Bettman was announced, and on May 28, it was announced that the Premier League would return in June. Oddly, the stock did not drop at all, after Bettman’s announcement turned out to just be an expanded playoff format, and nothing about a return to the ice. The Premier League news didn’t impact other sports betting stocks either. Both events clearly imply that DKNG’ stock is hugely overpriced, but it’s being driven up just by trading. I’m not affiliated with DKNG in any way.
The company’s lousy Q1 earnings was quite the spin job, and I was shocked to see the stock rise that day! Growth in marketing expenses can be written off as entering new states, but no growth in net revenue, despite 30% growth in gross revenue, means that the company can’t actually grow. In other words, almost all revenue was grown by offering free bets and reducing vigorish. Let’s examine revenue growth further.
I was stunned that the company led with “30% revenue growth” when, in fact, that was only at Old DKNG, which constitutes 75% of New DKNG revenue. SBTech makes up the rest and grew at only 3%, giving the public company a 23% growth rate for the quarter, not the 30% spin job. DKNG might’ve unintentionally unveiled COVID19’s impact. At Old DKNG, they noted 60% growth through March 10th. If we assume that each day through the quarter is equal, that means the last 21 days of the quarter would have been down 70% vs Q1 ’19!!! This difference is hefty! But we know not all days are created equal in the world of sports, and Q1 included 5 NFL playoff days and the Super Bowl. If we assume NFL betting days are 3x a normal day and the Super Bowl is 3x a normal NFL day, revenue post-March 10th will drop 95%. Similarly, because SBTech’s dropped from +19% to only +3%, revenue post-COVID19 will drop at least by half.
Also examine how they pitched themselves when the merger was announced in Dec. 2019. On slide 22, DKNG compare their valuation to competitors’, trying to show that the valuation is fair, probably trying to counter DKNG’s valuation that was4x what Paddy Power paid for FanDuel 18 months earlier. Let’s ignore the “EV / 2021E Revenue – Growth Adjusted” multiple that they highlight, because it’s completely unreliable to adjust a forward looking multiple based on your own forward-looking growth projections. Instead look at EV / TTM 3/31 Revenue for those same comparisons.
At $39 per share, DKNG has a market cap over $15 billion on TTM revenue of $451 million. So their revenue multiple is 33.7x, which is too overvalued! The “High Growth Consumer Internet” category that they selected is at 8.1x and “EU Sportsbook Operators” at 3.6x. Their best competitor is Flutter, which is Paddy Power + Fanduel + Stars, and it trades at 7.8x. DKNG deserves a higher multiple than Flutter because DKNG is pure-play USA, and Flutter earns retail European revenue that isn’t high growth. But the two companies currently have the same market cap, despite FanDuel competing directly with DKNG with more market share in the fast growing business segments. Even if you are generous to DKNG and believe they should trade at a 50% premium to Flutter, DKNG’s share price ought be just $13.50.
No, this isn’t about more states allowing sports betting. Let’s examine what must happen at the state level to value DKNG’s current valuation reasonably. In their December investor presentation, DKNG estimates their sports book net revenue at $2.3B given 25% market share and 65% of the US having online betting, with a 22% allowance for promos from Gross to Net. Consider their $4.5 billion of gross revenue at 100% of the population. Let’s bump that by 30% bump for iGaming. DKNG’s current $15 billion valuation and the same 50% premium to Flutter’s revenue multiple above (11.7x), mean that DKNG need $1.28B of revenue, or $831M more than they currently have. $831M more revenue needed means 14% more of the population must legalize in the very short term. Of the big five states, CA, TX, FL, NY and PA, none will add any population, because PA is already online, NY chose retail-only and researchers and lobbyists don’t think the other three will legalize for another 5 years. The remaining 46 states, including DC, average 1.3% of the population each, meaning you need a windfall of states to add 14% of the population.
Forget nationally legalized sports betting, because no one is even pushing for that and it won’t happen. SCOTUS invalidated PASPA to remove the Federal Government’s ability to make national decisions like (dis)allowing sports betting. Sports betting will roll out throughout the US, but will slog state-by-state.
Now that DKNG’s stock has rocketed, DKNA’s management has two good strategies, like TSLA did when TSLA's stock price rocketed in Jan 2020.
  1. The first is obvious: follow-on equity offering. In going public via a reverse merger with a SPAC, DKNG barely tapped the big institutional investors. This follow-on can add cash to the balance sheet. If you watched TV in 2015, you know DKNG love to spend money on ads, at a very attractive valuation for the company. What’s the problem? New shares, or if the follow-on prices poorly, can lower the current share price.
  2. The less obvious option is to buy a competitor, William Hill, that has a market cap of about $1.5B. They have a huge footprint in Europe, a market that DKNG previously tried and failed to enter. Europe threatens DKNG’ DTC approach in the US, and Europe has the IT that powers much of the land-based casinos’ sportsbook operations in the US. DKNG could buy them with their cheap stock, or issue new equity to raise money for the acquisition. DKNG would add much revenue, can cut lots of duplicated costs, diversify across countries and sports to temper their seasonality, and replace William Hill’s outdated tech with DKNG’s better apps. The downside is that these two companies’ CEOs dislike each other.
What’s one reason the stock has risen so much since the “IPO”? Because DKNG has a teensy number of liquid shares. Remember this wasn’t an IPO at all, it was a reverse merger with a SPAC, so a much higher percentage of outstanding shares are currently locked up than in a typical IPO. That constraint on supply with big retail demand could boost the stock price! I’ll summarize the 3 cases for DKNG.
  1. Short term bull: Sports come back, stock (irrationally) trades up on it.
  2. Short term bear: Stock price corrects to a more realistic valuation. Bulls take gains. Any of NHL, NBA, MLB announce they won’t play again in 2020. Company decides on more financial maneuvering.
  3. Long term bear: Q2 or Q3 earnings disappoint. The NFL cash cow drops or NBA or NHL ‘20-’21 season gets delayed. Lockup ends in October 2020.
submitted by lawgrads to Stock_Picks [link] [comments]

Tips for Winning Online Baccarat

Tips for Winning Online Baccarat
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When you are playing a sport like Baccarat online, even skillful players may obtain the rewards connected with a few significant online Baccarat tips. Applying only some of these internet Baccarat tips displayed here will help you improve how much pleasure which you truly have while enjoying. When researching all of the online Baccarat tips provided here nevertheless, remember that although tactical Baccarat playing can improve your opportunity to win, this certainly not guarantees you will triumph with each round.
One of the best online 바카라사이트 (Baccarat site) you can put into practice must be to completely understand what sort of Baccarat you're playing. Are you currently playing miniature Baccarat? Are you currently playing traditional Baccarat? Considering that there are more than 4 distinct sorts of this sport, are you sure you're aware of the principles? You may be playing Korea Baccarat even another variant. Know the sport, the house rules, and you're going to understand what to expect when you are playing with it.
In the event you would like to reap the advantages of online Baccarat attractions, then determine what you would like to put on your own bankroll, and following that determine how much you may be ready to gamble before you choose to quit playing. Be mindful that odds are you will acquire a bigger payout in brief term gambles, nevertheless the more you play online Baccarat the greater the odds are generally you may wind up losing. Make decisions concerning when to leave behind the game before you begin playing Baccarat through virtual sport choices.

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In the event, you will have minimum money to play Baccarat you will have the ability to search for online casinos that are handing out big player bonuses. Oftentimes, you will find such casinos provide some excellent free play cash that's offered to returning players, since bonuses for incorporating more cash into a player account, otherwise you may find a player reward application you may use to gamble additional Baccarat games. Look around to increase the number of funds you need to play when the time comes.
Be skeptical of extreme betting systems such as the one recognized in the Martingale Baccarat wagering technique. When playing Baccarat internet, when you bet on the player's hand or proceed together with the lien, the payout is generally even cash, with the exception that if creating a wager on the banker's hand you are expected to cover a five percent casino commission.
That being how it's, in case you bet .00 on a hand and triumph, you'll find an additional. This merely means you doubled your own chips. Now, for your Martingale Baccarat gaming method, should you bet ten dollars and lose, you're then needed to double your bet next time so you can regain your gambling loss. For more information visit: http://bostonmarathonconspiracy.com
Obviously, in case you continue with a losing streak, just imagine how much money you could shed and quickly! Rather than the kind of dangerous system, it is definitely superior to generally set your wagers to the individual that has the benefit: the home. Regardless of the 5 percent commission, you may make a ton better than blowing off all your money because of competitive gaming systems.
submitted by hridoyahmed9 to YoucanWrite [link] [comments]

Win, Win, Win then Lose Everything *need advice*

Hey everyone, I’ve been using this reddit for a while, mainly to make myself feel better by hearing about others similar (or in many cases, very much worse situations). I’ll give you a short background on myself and gambling;
Since I was about 5 years old I’ve been exposed to gambling. My father bet, my family bet, and anyone close to me gambled. I always knew they lost money but for me it seemed different. After I got older around 16-17 I started gambling on fantasy football leagues. $20 here and $20 there for the potential return of hundreds was amazing. I won a few of those and even won my freshman year of college March madness tournament that raked in $500+! Soon after this I found a bookie that offered online wagering. I won some and loss some, but my weeks never ended with winning or losing more than $200. One week I even won $900 betting NBA, NHL, and NFL was my speciality (I’m a favorites whore to say the least lol) On top of the world and thinking I knew what I was doing I started to increase my wager size. Soon after I realized that my EV (expected value) became negative placing sports wagers and I turned 21 with about a clean slate and $4K saved up. Good summer job that raked in nearly $12k last summer and then I started to go to the casinos...
While I had everything under control and never lost more than $400 in a night and won as much as $1200 in my first night gambling at Atlantic City, I still felt positive that I could beat the house. I knew I loved gambling but never admitted I had a problem. I was winning money for Christ’s sake, but I. Was. Addicted.
Over the last 9 months I was going to the casino 5-6 nights a week. I thought I had things under control by cashing out when I hit my goal $200/300/400 and trying to leave when I would lose my cash I brought with me (usually max $350) BUT I COULDNT ACCEPT A LOSS. I’d say about 75% of nights I would cash out up my goal, but on bad nights...I’d hit the ATM 3 or 4 times until my withdrawal limit of $1000 was reached that night. Going home pissed off and sad was the worst but it made me appreciate winning so much more..and I always seemed to make it back. One night I lost $950 and the following week I won 6 nights in a row pocketing more than $2000. The casino I regularly used told me I was up close to $7000 on their rewards system since I was using them, and I’ve been to casinos across NY, WV, and even PA never being down or up more than $500, but I did have my go to casino which had me UP.
Starting in January things took a turn for the absolute worst. I lost $2500 in 2 weeks at my favorite casino and resorted back to online gambling. I started to win $1000+ a week and some weeks I would lose $1200+ but I still had money in my bank to keep me afloat. A few bad weeks and I started really stressing. My savings hit about $3000 and I graduated college a year ago. Student loans started to hit and my gambling to pay these off got more severe. I started making stupid plays and betting more than anyone should ever have to on basketball lines, tennis sets, and even volleyball. My bank account hit $1500 from the $15k I had less than 9 months prior (rent, student loans, and other expenses was what I attributed it to, but I know I’d have a lot more $ if I didn’t gamble)
Covid-19 quarantine hits and there are no casinos, no sports, and nothing to gamble on. I start going stir crazy as I am 100% addicted. Fanduel and DraftKings offer casino Promotions with their RNG platforms!?
I make my deposits and start winning instantly. $1000 here and $1800 on one of my best nights. I now have $4500 in my bank and can finally relax, right?? No. I start increasing my bets and the random number generator (RNG) turns into a rigged number generator. I start depositing more and more to try and make back the money I had at one point and the system keeps taking my money. One night I deposited $1600 into my account and lost it all. A couple weeks later and trying to stop gambling here and there, but only being successful for 5-6 days at a time before relapsing, I need help.
I want to stop gambling but I feel like that is who I am. I no longer have the funds to gamble and my bank account is at $1000 that I can’t touch. I have 2 jobs right now bringing in close to $2500 a month. I just want to be happy and enjoy life again without the urges to gamble but it’s too accessible. Gambling is a losing hobby, you lose money, friends, relationships, but most importantly your mind. Where do I go from here? How do I stop gambling for longer than a week? What’s life like on the other side of gambling? ...these are questions I ponder everyday. Thanks for reading and I wanted to thank you all for sharing your stories.
submitted by TheHouseAlwaysWinz to problemgambling [link] [comments]

Sports Betting Odds

If you are brand new to gambling, among those very first affairs which you ought to do is study how sports betting odds get the job done. It truly is critically essential as it enables one to fully grasp just how probable an event is to come about, and also exactly what your prospective winnings will probably undoubtedly be. In the beginning, it might seem perplexing, but study our guidebook and then let's clarify it for you personally. In gaming, chances signify the ratio involving the numbers by celebrations into some bet or guess. So, chances of 3 to 1 inch signal the very first bash (the bookmaker) bets three times the total staked from the next party (that the bettor).
Just how Can Sports bet Odds Perform?
Sports betting chances are intended to, so in a glimpse, provide people a notion of just how likely it really is that every team will triumph in addition to just how much you will produce using a prosperous wager on such final result. To put it differently, you need to utilize these to have yourself a fast concept of this underdog, and your favoured.
To make a decision as to what chances they supply, bookmakers consider a reach of facets. This may possibly incorporate everything from exactly what additional Sportsbooks are presenting right through to the consequences of prior matchups. They will fix those chances in real-time, dependent on facets such as harms and also the current weather, in addition to that the quantity of cash supplied by bettors on just about every final result.
What Exactly Is Probability?
Even the most introductory amount, gambling supplies you with all the skills to anticipate the results of the particular celebration, also when a forecast is not right, and you will acquire more money. To almost any specific occasion, there really is a particular selection of results. Simply take rolling out a stunt for example.
If a person rolls a dice, then you can find just six potential consequences. Hence, in the event you gamble that anyone rolls a '1 ', then there will be really a 16.67% opportunity which will take place. What gambling chances simply do is demonstrate the way the event is really to occur. so, a portion, i.e. 4/7, as the huge majority additionally offers you the capacity to look at them as decimals. Yet again, why do not we discuss? We all will eventually become evident.
Odds - What to Pick?
Selecting which arrangement of chances to produce if online sports betting is down to some question of private taste. This may most likely, however, perhaps not at all times, function as the form of chances associated by at which your home is. We have to find most of the sports betting internet sites give the choice to decide on which form of chances that you wish to see if you are taking a look at setting a bet. In addition, there are chances calculators out there that are able to enable you to switch between several kinds of odds. The very main point is the fact that it will not matter which kind of chances you prefer to make use of: you will not get or shed additional dollars by deciding upon a particular means of seeing chances. It hence creates the best way to pick the one which you're most relaxed together and utilize it if potential.
Strategies for Putting a Wager
You learn more on the topic of calculating betting, along with different techniques they can be displayed, then you should use this advice in your favor if setting the next wager. Under, you are going to discover a couple of our best hints for employing your new-found awareness about this subsequent bet you put!
  1. Do Not Be Scared to Look Around
Many Sportsbooks will upgrade their chances predicated on real-life effects quicker than some others. Equipped with all the wisdom the way to exactly calculate prospective winnings, then you are able to find out exactly what constitutes the absolute most rewarding wager for you personally, in case you wind up profitable.
  1. Check out frequently
It is crucial that you maintain a watch out for your likelihood, preferably utilizing a smartphone or tablet in the event that you should be about the go. In the event you notice chances switching fast in one path then it really is probably something that has shifted (e.g. weather conditions, spot, or some essential accident). This may possibly influence that which you right back into the competition, or how far you really bet.
  1. Gauge the danger
Utilize exactly what you understand about chances to discover that which you look at as a decent degree of hazard in case gambling in an underdog. $1 wagered on 20/1 chances, as an instance, somewhat very low hazard stake regarding maximum drawback. Many bettors could but feel uneasy gambling $100 on 100/1 chances (in spite of the massive possible benefit) since the chances are stacked so heavily towards you personally.
  1. Remain in the understand
Be sure that you benefit from insider understanding. Bookies, say, may possibly only possibly not be around date up what is happening in upcoming NFL fittings in contrast to a super fan who considers breaking-news reports. This really is the reason it could be of help to bet to a game you are a real lover of or do your homework before setting your stake.
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Online gambling legislation and regulation. Starting your own gambling product.

Online gambling legislation and regulation. Starting your own gambling product.

Mobile gambling
If you plan to develop an app with the ability to deposit and withdraw real money, then such a product automatically falls into the category of gambling and you will need to license your business for successful operation.
Mobile and Web Based Apps
So let’s talk about the different kinds of online gambling apps available on web and mobile. We’ll be covering both free-play gaming apps and real money casino app games you can find for iOS, Android devices and web browsers.
Mobile gambling is more common for poker, casino, bingo, and skill games. They have advantages in terms of a low barrier to enter the market, instant liquidity, product knowledge, and marketing expertise, minimal infrastructure costs, and the ability to bring a brand to the market quickly. Consequently, this form of gambling does not sit neatly with jurisdictional boundaries. Multiple gambling opportunities are available, including betting on various events and markets, in a relatively simple format. Gambling products can also be integrated into betting on television shows or virtual racing and sports games as well as offering lotteries, bingo, poker and casino games.
Most Popular Gambling Apps
Sports betting, casino, poker and lotteries are the most popular forms of online gambling. However, other forms are available too. These include the following: Bingo, slot machines, different card games, roulette and other game of chance. One of the best things about online gambling and betting apps is the number of choices you have.

Sports Betting

Betting means making or accepting a bet on the outcome of a race, competition, or other event or process, the likelihood of anything occurring or not occurring, or whether anything is or is not true. Today most sports betting is done via mobile-friendly sites and apps.
Today most sports betting is done via mobile-friendly sites and apps.
The introduction of live betting for sports like soccer and tennis means that bettors who are sitting inside stadiums watching games can now pick up their mobile devices and find real-time betting value with the best sports gambling apps. This has really unlocked a door to the future of sports gambling and the popularity of online gambling apps.

Poker

Many sites offer free poker, where no real money is wagered, although in some cases players can accumulate credits that can be exchanged for prizes. This is the case why people are going to play for real money. There is an ongoing debate over whether poker should be classified as a game of chance or skill. The parameters of legal poker playing are still unclear and differ between jurisdictions. Since you are not gambling with money, I’m pretty sure under the law it’s just a video game for now.

Blackjack

Blackjack is the game of choice to many high-rollers and do you know why? Because blackjack is a challenging, logic and skill-based game where your thinking, strategy, and calculations determine the outcome of the game.

Bingo

Bingo is one of the most popular and socially accepted games in the world. Bingo is a traditional form of gambling that has seen considerable innovation in recent years. It is also the only form of gambling recognized in the Gambling Act that does not have a specific statutory definition, the Act providing simply that “bingo” means “any version of that game, irrespective of by what name it is described”. Bingo must be played as an equal chance game. For game to be classed as “bingo” it must meet the Act’s definition of “equal chance gaming” (as opposed to casino gaming). Thus, it: must not involve playing or staking against a bank, and must be a game in which the chances are equally favorable to all participants in the sense that each ticket or chance has the same probability of success as any other.
Licensed bingo is a well-regulated and socially responsible form of gambling that takes place in a safe environment. Many sites offer multiple forms of bingo with different features, types of games, and costs of play. These sites often cater specifically for women and some research suggests that they may appeal to markets who would not typically engage in traditional forms of gambling.

Slots

Slot machine is one of the most beloved game among the gambling community and it has been a part of the industry for a long time. They provide fun and entertainment and their simplicity allows gamers to start playing at once. This can play out in different ways depending on the machine you’re playing. For instance, there’s Pick a Fortune, a five-reel, 20 line game that puts players right in the studio of a television game show, including the potential to play a Deal or No Deal-style bonus round. A super trend over the past few years is mobile-friendly slot games. These apps and websites were developed to enable players to enjoy their favorite games on their smartphones at any time. Another dominant slot trend is licensed branded slots that are based on popular movies, television, and musicians.
Virtual Money vs Real Money
Let’s find out the difference between social gambling and real money gambling, as well as the differences between gambling through apps and gambling through a web browser. It can be quite confusing trawling through all the casinos, slots, and lotteries available, both through your mobile web browser as well as through mobile app stores, in the form of downloadable apps.

Virtual money

The main difference between virtual money and real money gambling is that the in-game virtual currency in social games and gambling-type games is used only like credits that are not paid out as winnings or anything given to player in cash, making these games exempt from gambling regulations.
Virtual money is loaded on user game accounts via in-app purchases in mobile applications or the game balance funding from a card via web based applications.

Real money gambling

Real money gambling via your mobile device is only allowed in countries where laws have been passed that allow for this type of gambling online, or there are no laws in place that prevent it. The payment systems are the legal way of services payment in the gambling app, performing as the intermediary between the gambling facility and the client. With their help, users replenish deposits and withdraw funds to personal accounts in financial institutions. If the application uses the payment system of a well-known brand, that gives players additional confidence in the resource. Nowadays, there is a wide range of payment systems, some of which operate all over the world, other systems are oriented towards the citizens of one or several countries. A number of services accept money of different world currencies, while others allow currency transactions of one state only.
What is an Online Gambling Licensing
The internet has a global audience, there’s no single piece of legislation that covers the legality of online gambling for the entire world. Mobile gambling doesn’t typically accept customers from every single country in the world. It often focuses on certain specific regions.
Instead, most countries have their own local laws that deal with the relevant legal and regulatory issues.
Ultimately, questions of legality all go back to the location of the casino or where the website operates out of. In closed regulatory systems, such as Italy, France, and the Netherlands, licenses, and advertising rights are limited to domestic providers, which must be located within their country’s geographical boundaries and these are only permitted to offer some types of products. Some jurisdictions, for example, Norway, Sweden, and Canada legalize and regulate online gambling, but this is limited to a single site that is owned by the government. Under such an approach, the government becomes the operator and regulator and all revenues are returned to the government.
Remote gambling is generally permitted. That means that an operator that is licensed may provide gambling services to citizens in the country via all forms of remote communication (and using equipment that may be located in the country or abroad). Equally, a remote operator may be licensed to offer gambling services to citizens in any jurisdiction in the world using equipment located in the country. The law provides that, for each type of gambling (betting, gaming, and participating in a lottery), there will be two forms of license available: remote and non-remote forms (land-based). If you provide facilities for remote gambling, online or through other means, and advertise to consumers you will need a license from the licensing jurisdictions or local licensing authorities. Before an online gambling site signs up its first customer, before it accepts its first bet before the first card is dealt, it must be licensed by a recognized governmental entity.
Certain regions in the world have specific legislation in place that allows them to license and regulate companies that operate online gambling sites or provide industry services (such as the supply of gaming software). These regions are referred to as online gambling jurisdictions or licensing jurisdictions.
Depending on what type of entertainment you are going to implement in your internet establishment, you will have to apply for the corresponding permissions. Online gambling laws in Europe vary from one country to the next. The industry is well regulated in some countries and less so in others. There are several online gambling jurisdictions located in Europe. Some of these are members of the European Union (EU), and thus subject to the various rules and regulations of that body, while others are independent. Each of these jurisdictions has an authority that’s responsible for approving gambling sites for licenses that enable them to offer their services legally. They also regulate their licensees.
Countries that Provide Gambling Licensing
Today there are lots of licensing jurisdictions located all over the world and offering different terms for their customers. Depending on the country, licenses can be local, international (distributed in several countries), have a different set of documents for registration, costs of registration and further support, various operating conditions and other special details.

Which gambling license is both internationally recognized?

The government of Ireland offers casino operators, software, and service providers in the gambling industry, with a gambling license that allows gambling operators to conduct business related to casino, lotto, and other gaming-related activities. Ireland Gambling License is one of the most popular license for online casinos worldwide. Ireland has long been recognized as one of the preferred locations for Online Gambling operators to base their operations. This success has been due to a combination of factors, such as a progressive legislative system, political stability, first-rate telecommunications facilities, and a well established financial services industry. A wide range of gambling sites operates out of Ireland including sports betting, casino sites, poker, bingo, and more.
In stark contrast, the UK is the largest regulated market for online gambling in the world, and corporations are already comfortable exploiting the intersections of gambling and gaming, betting in-play, social gaming, Bitcoin, financial trading and spread betting, betting exchanges, e-sports and, most profitably, mobile gambling. 40% and 60% of online gambling in the UK took place in Gibraltar.

International licensing

Europe is home to the following online gambling jurisdictions: Alderney, Gibraltar, Isle of Man, Malta. Malta is currently the country that is most accommodating to gambling companies, and the license offers whitelisted online gambling in sports and casino games in many European territories. But takes an extreme amount of time in paperwork and background checks. Also, you pay 5% of all your gross profit to the EU.
Among countries offering gambling licensing services, the attention should be paid to Curaçao jurisdiction, which is considered to be one of the most promising for the online gaming business.
Curaçao Internet Gaming Association (also known as Curaçao eGaming) is both a regulator and a licensor, and its licensing works worldwide except Curaçao itself, USA, France and Netherlands. Using Curacao as an example, let us examine in detail the process of obtaining a license, the necessary documents and expenses.
How to get a License on Curaçao
  • Documents necessary for company registration:
  • criminal record;
  • passport scans;
  • bank account confirmation;
  • documents proving payments for utility services.
After the company is registered, an operator can apply for the license providing the following documents:
  • a document certifying the right of domain possession;
  • description of games planned to be used in the project;
  • a list indicating countries of potential operation;
  • illustration of server locations to be used in the project;
  • a copy of the agreement with a software provider.
Gambling license cost:
  • Bank account opening $1000
  • Company registration $3600
  • Company management per year $3600
  • Application processing fee $1000
  • License fee per year $4800
  • Equipment/software fee starting from $1500
  • Server maintenance per year $6000
Apart from that pay for technical support and maintenance every year. The entire license issuing process takes between 2-4 weeks. Curacao Internet Gaming Association (CIGA) also has the power to review a license and, if it finds that an operator has breached a license condition, has the power to impose a range of sanctions including revocation of the license.
Apple and Google Gambling Rules
You’ll be surprised at the limited number of real money gambling app options available on the AppStore and Google Play Store. Most real money casino gaming is done through gambler’s mobile web browsers and not through mobile gambling apps that you’ll find for iPhone and Android phones. Apple allows online gambling applications in a few forms, and not just in places where it is explicitly permitted. They do not allow any payments through the applications – those have to be done on the websites. Apple has far stricter developer guidelines for iOS apps than Google does for Android apps, so it’s fine to assume that whatever you choose to download from iTunes is usually safe, secure, and meets a certain standard.
Any real money casino in the iTunes app is required to have proper licensing and permissions before Apple will approve the app for use or downloads. While Google Play is technically regulated, it is much more loose in what can be hosted.

Apple Store

Gambling, gaming, and lotteries can be tricky to manage and tend to be one of the most-regulated offerings on the App Store. Apple has rules for apps that support real money wagering, including sports betting and poker. Those apps and lotteries must have necessary licensing and permissions in the locations where the App is used, must be geo-restricted to those locations, and must be free on the App Store, and Apple rate even simulated gambling apps as appropriate only for users 17-years-old and up.

Play Store

Google keeps the reigns tight. To be able to successfully upload apps to the Google Play store, developers need to have a valid license for the specific countries they are targeting and comply with their regulations. The app must be free to download and must prevent under-age users from gambling in the app. As a final precaution, all gambling apps are required to display prominent information regarding responsible gambling practices. This brings its policy in line with the Apple App Store.
Countries where gambling is illegal
It is also important to remember that while gambling is growing rapidly in many places, in others it is totally or partially prohibited. As well as in the majority of the US, sports betting is illegal in India, Pakistan, and China, three of the largest gambling markets in the world. Most countries have rules against gambling. Almost all Islamic countries prohibit gambling of every kind, but many turn a blind eye to online gambling or simply do not have regulations in place for this grey area.
In the United Arab Emirates, however, any kind of gambling is prosecuted. National lotteries are the only legal forms of wagering on the Asian country’s mainland. Cambodia, North Korea strictly forbids online and offline gambling amongst its own citizens but allows tourists to participate in these activities.
Qatar is the strictest country of all when it comes to gambling laws. All forms of gambling activities are considered illegal, and even sports betting is not permissible.
Starting your own gambling product
Numerous online casino platforms in the market offer fantastic casino games like bingo, poker, roulette, and many more.
If you have an idea, but don’t know where to start, we advise you begin with a Minimal Viable Product (MVP) to pilot your proof of concept for investors. MVP spotlights your core features and lets your investors know there are bigger and better things to come.
For MVP you do not need a large team, just a few people are enough to create a fully functioning prototype. In the case of successful numbers of your prototype, the further development of a full-fledged product will require more team, resources and time, however you will be sure that your development and your costs will pay off.
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