Here are some of the most important factors to consider while investing in sports betting
Seasoned investors recognize that there are several investment options available. The majority of consumers prefer low-risk assets such as bank deposits and fixed-term bonds.
You can also pick high-risk-high-reward investments where there is no guarantee that your capital will rise, such as shares and stocks, where there is a considerable danger of losing all of your money.
If you want to diversify your portfolio, you might want to consider investing in sports betting. Few people are aware of how lucrative sports betting can be. In reality, most investors today are unaware of it.
For your convenience, here are some of the most important factors to consider while investing in sports betting.
Is Sports Betting a Good Investment?
According to the American Gaming Association, sports betting earnings generated 576 million dollars on a total wagered amount of 7.8 billion dollars during the first two months of 2022. This revenue was more than double that of the previous year’s first quarter.
Even though most companies were suspended or slowed during the COVID-19 crisis, the rise in sports betting has been evident – thanks to the availability of information sources such as this Odds Shark sports betting guide, which many players use to find the best sites to make bets online.
To attract new clients to sign up, almost all of these best sites provide incentives or free bets. Most sites have some sort of loyalty program in place to reward and retain existing clients. This year has also seen a slew of collaborations involving bookies, broadcasters, and professional sports leagues.
Stocks to Watch Out
MGM Resorts is one of the best sports betting stocks to watch this year, according to www.usnews.com. BetMGM’s internet gaming specialty has been offered in ten states, generating a year-long gain in market share.
Furthermore, major financial expenditures and legalization are predicated on the belief that the sector would be profitable in the long term. To back up their estimate, JP Morgan analysts focused on micro-bets or in-game betting, which account for at least 75% of all sports bets in the United Kingdom.
Additionally, while Forbes mentioned an industry VP who stated Michigan, Pennsylvania, and New Jersey could likely lead the internet gambling business, another insider claimed that just a few big-name corporations would earn the most. Having said that now is the perfect moment to invest in sports betting because the sector is expected to develop at an exponential rate.
There are several factors to consider before investing in the future of sports betting.
To begin, decide whether you want to invest or gamble. Are sports betting a career or a pastime? Furthermore, employ statistical data to lay the groundwork for your sports investment plans.
Choose One Team to Focus On
There may be injuries to consider that will have a greater impact on one team than the other. Another point to consider is that one team may do very well in a particular sort of weather. When you first start investing in sports betting, select one sport to focus on.
As a result, you will get some fundamental understanding or knowledge as you develop and learn. On that basis, you might be able to deduce some potential value from your bets. Remember that sports betting as an investment necessitates the lack of intuitions, luck, and emotions.
It will also take a long time. You will need to rely on information from reliable sources. In exchange, you will be able to develop a long-term strategy. Furthermore, never wager more than 1% of your overall bankroll on a single team. It will do you good to follow this rule.
You’ll want to make sure you have the best odds of winning more than your stake. All of these factors might serve as the foundation or cornerstone for sports betting investing strategies that transform a hobby into a career.
The Right Time to Invest
Sports betting is a more lucrative investment than other possibilities since it educates investors about positive and poor returns. The element of variation inherent in sports betting, when combined with the proper technique, is what makes it enticing to risk-takers.
Furthermore, there are other sports that you may examine in-depth to discover strategies to make sports betting less of a gamble and more of an investment. So, when is the appropriate time? It’s when arenas and venues begin to reopen in their new usual fashion.
How to Make Your Sports Betting Investment Pay Off
The following are four tips for making sports betting work for you:
Make Use of Statistical Data
Many individuals believe that simply learning about sports is sufficient preparation for investing in sports. However, this is not how it works.
To acquire the most accurate predictions, you mostly need data-driven investing techniques. This covers the weather during the event, minor injuries, and other factors.
Place Value Sports Bets
You should put value bets to increase your chances of winning. You can profit by betting in undervalued markets this way. Many online betting services allow you to place a bet.
Make Use of Bankroll Management
You should always aim to win more than you bet. Make careful to manage your bankroll so that you don’t lose more money than you win.
If you want to make money from sports betting, you must be consistent. No bettor can be successful if he or she just bets on rare occasions.
You should do it more frequently. Aside from that, the more you wager, the more you learn, discover, and find out along the road.
Sports betting is one of several legitimate investment options. This approach is quite easy in terms of forecasting outcomes or returns. As investors, you must accomplish something that generates greater returns than your bets. The good news is that sports betting accomplishes just that.
Keep in mind that your sports expertise alone will not make you a wealthy sports betting investor. With that, you must master the proper strategies to increase your chances of winning. Keep up with sports commentary and industry news as well.
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Stake Casino And The Crypto Boom: How Blockchain Technology Changed More Than Just The Finance Industry
Crypto is been extensively used in various industries, especially in the finance industry
Contrary to what you might think from reading certain news articles, crypto is more than just something to buy and hold onto. Crypto has a lot of uses within the original remit of working as an actual, active currency. In this guide, we’re exploring some of the businesses and industries that are using this technology to its full potential, and the revolution that is currently occurring thanks to blockchain.
The Leading Crypto Gambling Platform – Stake Casino
Stake has grown quickly since its inception in 2017, having been launched as the first serious crypto gambling platform. In its relatively short life span, Stake has grown a huge amount and developed a number of industry partnerships such as working with Pragmatic Play, one of the biggest names in the world of online casino and slot game development, showing that plenty of companies value crypto for trading (and gaming) as well as just holding onto.
Stake’s also got some big partnerships in the wider community, investments from Drake, and sports team sponsorships show the growth of the brand and its global reputation. They are trailblazers in the world of crypto and in the world of gambling, and they have been able to embrace what this technology can, and inevitably will do to industries all over the world.
Stake Casino Bonuses and Promo Codes:
NEWBONUS – 200% matched deposit up to $1000 when you deposit at least $100
NEWBONUS – Reload bet gives you up to $5 per day back if you bet at least $25
Stake Casino Pros and Cons
● Gamble in crypto converted to other currencies, so your stake can show as other currencies based on a simple conversion, making it simple to know how much you’re gambling and keep track of the value.
● Deposit in a number of different cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Ripple, MoonPay, TRON.
● No hassle, super quick withdrawals. That’s one of the benefits of crypto, and Stake Casino knows what their customers value, including the option to move money around fast.
● Supporting responsible gambling. Stake Casino takes its responsibilities very seriously and has a number of different responsible gambling measures including help and support that they offer.
● Some of the loyalty bonuses offered to require larger deposits to qualify, so you may not get the same rewards playing this online casino if you’re working with smaller stakes.
● Their online sportsbook varies depending on what sport you want to gamble on, not all of the sports have the most options and markets for you to take advantage of.
Crypto could be set to become a mainstay in the gambling industry, and as time goes on, there is every chance that more companies offering online casinos and sportsbook gambling will introduce crypto as a method of paying. A lot of crypto investors may hold very little money in terms of their original country’s currency, so having the option to use blockchain technology and cryptocurrencies will open up this industry to more people.
The Wider Financial Industry
Of course, as we’re walking about cryptocurrency, it is clear that blockchain has already changed the way people handle finances, and send and receive money. One of the biggest draws of crypto, other than being a decentralized system, is the fact that it can allow people to make fast and secure transactions and send money among friends and companies really easily.
Finances can be changed forever by blockchain, as the need for people working in the industry may be reduced, and trading, such as buying and selling stocks and bonds, can take place much more quickly and with reduced banking fees. Ultimately, this means a more efficient industry, but it also changes the face of the wider financial and Fintech industries.
It isn’t just the disruptors like Bitcoin that have become known for using blockchain tech, and there are some big companies and institutions that have been around for hundreds of years trying to embrace blockchain as part of their offering.
In 2016, the Federal Reserve in the US began a project working with IBM to use blockchain closely with their digital payment methods. Across the world, brands like Barclays Bank, Deutsche Bank, and more are at least experimenting with adopting the technology.
Blockchain in The Insurance Industry
Blockchain and the insurance industry have a fledgling relationship. A lot of people have never really considered how these marry up, but when you think about it, it is perfect. Insurance requires safe and secure management of peoples’ data and for information to be shared without the risk of manipulation or interception. Blockchain can be applied in exactly this way.
Blockchain can also be used for added security when signing contracts, such as using blockchain smart contracts and giving all parties in a deal the security they need. The nature of blockchain means that the information shared is inherently more safe for everyone involved.
The proof of this is in the fact that companies are already using blockchain in the insurance industry, and there is huge potential for this to grow in the future. For instance, Microsoft has worked with one of the biggest companies in the world of shipping, Maersk, to create a marine insurance platform that relies totally on blockchain to operate. This is proof that some of the biggest companies are embracing technology.
Maersk’s head of insurance Lars Henneberg spoke about the implementation of blockchain. “Insurance transactions are currently far too tedious and frictional, blockchain technology has the potential to facilitate the desired development that is long overdue.”
The software ran for 20 weeks as a proof of concept and showed that cloud-based and secure systems were perfectly possible in the world of insurance.
Rights Management and Intellectual Property
This is another area where the progress of blockchain is not just some theoretical advancement; it is real and tangible.
Because blockchain is so secure and reliable, it is easy for people to store their ideas or creative work on blockchain systems. Data such as names, the date a work was created, and other tags can all be stored in a ledger as proof of intellectual property.
This means that those creating pretty much anything can use blockchain for more protection. We might be seeing fewer lawsuits regarding the intellectual property of music and artwork in the future, as blockchain manages to provide immutable evidence of who created something, where, and when. The legal protection this can provide is already on display.
Photography giants of the past, Kodak, have proved to be unlikely early adopters and their company has grown as a result of their clever use of blockchain. KODAKOne is the name of the platform they have created, which manages the copyright of images and videos. KODAKCoins are another clever revolution in the photography industry, as these can be used to license and buy the images that people have created and copyrighted. This could lead to a revolution in rights management.
Kodak created a simple and succinct description of their platform:
“Utilizing blockchain technology, the KODAKOne platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. With KODAKCoin, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and for both professional and amateur photographers, sell their work confidently on a secure blockchain platform.”
Supply Chain Management
Anyone who has worked in supply chain management will tell you that it is an industry with many moving parts, both literally and figuratively. All of the aspects of the supply chain, however complex, must work together.
This means tracking inventory, freight shipments, the transport of goods, finances, and much more. It is a complex industry. Like a lot of other complex industries, people in the world of the supply chain are noticing the fact that blockchain tech has the functions to make all of this a little simpler as well as more reliable. For instance, a distributed ledger can help anyone involved, from freight companies to retailers, track and trace shipments, where they are, how long they have been on the road, and more.
One of the biggest food retailers in the world, Walmart, has worked closely with IBM to implement the use of blockchain. They are working on blockchain applications to keep all of their data in sync while making it easier to trace food. IBM has recently used this system to check on the origins of food including mangoes and pork that were imported, meaning that they could see how long it had spent in transit when the deliveries originated, and more.
The applications for the supply chain are many, and we’re yet to see the full effect of blockchain in this industry.
Other Industries Blockchain Could Change
From Stake Casino to Maersk, there are some huge companies already using blockchain and cryptocurrencies within their systems, but there are plenty of other industries that are already testing the use of blockchain, and the industries could quickly be set to change as a result:
● Government and polling. Government polling and other procedures can be made more efficient and secure by decentralizing and using blockchain, this could give an extra level of protection for those who are scared of government corruption, too. Countries like Australia and Switzerland have already experimented with blockchain tech in government.
● Real estate. Real estate can be such a complex industry that we need a variety of middlemen to play their part in it. Real estate can get rid of some of the intermediaries due to the strength of blockchain and the security that it can provide for everyone in a real estate chain. Financially, blockchain can also make the transfer of finances a lot safer.
● Healthcare. With so many facets to the healthcare industry, it is hard to pick out just one or two areas where blockchain tech can make a difference. For some examples, the transfer of records and data relating to an individual could be hugely impacted, as professionals can quickly and easily make this available to others through blockchain data without opening it up so easily for manipulation. Of course, blockchain can also help with research, payment, and other areas of the industry, generally helping to keep everyone secure.
Stake casino has been one of the key players in embracing crypto so centrally to their business model and proved that people who have invested in crypto don’t just want to sit on it and hope for a return. Crypto can serve its purpose of keeping everyone a lot more secure and has applications in other industries, with companies such as IBM already putting a huge amount of resources into embracing crypto and giving this extra level of security across the board.
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Cryptocurrency In Gambling: Features And Benefits
Cryptocurrency is now extensively used in online gambling and it has many benefits
The first online games appeared in our world more than 25 years ago. Since then, the iGaming industry has been developing at high speed. Among the main advantages of virtual casinos in 2022 is the abundance of available payment methods. In addition, now, players have access to a much larger number of banking options than five years ago. The article below describes how cryptocurrency is being introduced into casino nz online. And remember our words: you will never stick with other payments after knowing all the advantages!
What is crypto?
Cryptocurrency is virtual funds that, unlike fiat money, have no physical form. The unit of such a digital currency is a “coin”. Crypto money is highly protected from counterfeiting and duplication; besides, their issues are strictly limited.
According to digital currency nature, blockchain technology makes crypto payments immutable. These transactions cannot be canceled, blocked, duplicated, hidden, or changed. It is impossible to cheat in the usual way in such a digital environment, and it is protected from human errors, which makes cryptocurrency infinitely more precise than common electronic money in a bank.
Crypto money is unpredictable since it depends on the current demand, which, in turn, can be changed against the background of changes in legislation, contemporary opinions, and other things.
Crypto payments in casinos
Many casino sites now allow customers to deposit and withdraw money in cryptocurrency. Online casino sites with cryptocurrency are trendy among new and experienced players for some reasons.
Firstly, crypto gambling sites offer provable honesty with a high withdrawal rate of winnings. Besides, crypto platforms are also highly secure services that provide gamblers with unsurpassed anonymity and 100% confidentiality of transactions.
The rapid growth of online crypto casinos can also be explained by high achievements in the field of modern iGaming technologies. You will discover convenient applications compatible with mobile devices on many internet platforms that allow users to play for digital coins even on the go.
Crypto casino benefits
There are a number of advantages of the top BTC casinos that customers should be aware of:
- Multicurrency. If you play at the best crypto casinos, you have access to cryptocurrencies, including Litecoin, Peercoin, Dogecoin, Novacoin, Monero, and some others. It is worth noting Bitcoin cash separately. At the moment, its keepers should clarify whether it is possible to use that cryptocurrency or not.
- Fast and straightforward registration flow. Online gamblers only need to have a crypto wallet and a valid email address.
- Secure and convenient tools for depositing and cashing out winnings. Crypto payments come with the highest safety level. Besides, in these casinos, players can fund an account with fiat currency.
- Well-done and intuitive interface with an excellent design. Modern BTC casinos are genuinely convenient and simply pleasing to the eye. It is not overloaded with small and unnecessary elements, so any player will figure out the full navigation and mechanics.
- The presence of a significant amount of promotions and loyalty points. Especially when it comes to the first deposit bonuses.
In general, all the best crypto gambling platforms in 2022 look like convenient options for all casino enthusiasts who own cryptocurrency.
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Terra (LUNA) Announces Project Fork, Gnox (GNOX) Completes KYC Audit With Snoken.io, Avalanche (AVAX) Continues To Struggle.
The Project Fork announced by Terra might help enhance its market value
The past couple of weeks has been tough for cryptocurrency investors, as Bitcoin plummeted to its yearly lows with even more downside on the cards. Geopolitical conditions, fed rate hikes, and rising inflation can be partly blamed for this bloodbath. However, one major reason that triggered this collapse was the de-pegging event of TerraUSD, which also led to the capitulation of LUNA.
Do Kwon, the founder of Terraform Labs, is in no mood to abandon the ecosystem and has come up with a proposal to solve design flaws with a hard fork. In a series of tweets on May 16, Kwon insisted that “Terra is more than UST”, and it’s time to build a new chain that will operate without the algorithmic stable coin.
The governance proposal is up for voting, and if everything goes well, the new blockchain LUNA will go live by May 27. The old chain will continue to exist and will be renamed to LUNA classic.
Furthermore, the supply of new tokens will be capped at one billion. 25% percent will be reserved for the community pool, 70% will be airdropped (with vesting conditions) to UST and LUNA holders, while the rest 5% will be allotted to developers. Pre and post-attack snapshots will be taken on 7th and 27th May, respectively.
Gnox (GNOX) has passed the KYC audit amid presale
Despite negative events unfolding in the cryptocurrency market, Gnox continues to be on a mission to provide trust and transparency to investors. The team confirmed that a comprehensive KYC audit conducted by next-gen blockchain security firm, Soken.io , is now completed. Following this announcement, there’s an uptick in demand for presale tokens and the project continues to see a successful demand.
Gnox is a non-custodial platform that aims to revolutionize the DeFi space by offering “Yield farming as a service”. As per the whitepaper, the protocol will leverage treasury assets to invest in yield earning pools and lending protocols. This will benefit long-term GNOX holders, who will get a proportion of what the treasury makes in a given timeframe.
Avalanche (AVAX) declines to new lows
Since the beginning of the year, Avalanche has been on a landslide, shedding almost 60% of its TVL, which currently stands at $4.7 billion. The major reason behind this turmoil is the downfall of several decentralized applications running on its ecosystem. The exchange liquidity pool, Curve, has lost almost 70% of its TVL, while open source protocol AAVE is down by over 80% this year.
As a result, the native token of Avalanche, AVAX has fallen by 71% and is struggling to defend key support levels during such uncertain times. What started the year trading at $109.3 is now exchanging hands at around $30.
Find Out More Here:
Join presale: https://presale.gnox.io/register
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