"Sports Betting as an Alternative Investment."Written by Daniel B. King
Many will dismiss outright ability to make good returns on your investment through medium of sports betting. It is not really surprising as betting is hard work, solitary, and you have to grind out thousands of bets to get your returns. Of course to many members of society - betting also carries a great big "loser" tag. This is not without justification since vast majority of sports bettors do lose. I would, however, estimate that percentage of "losers" would be equally high in world of stock trading and investment markets if you considered those individuals who entered that environment without necessary experience. Most people trust their savings and investment income to experts and no doubt if betting public trusted their income to 1% or 2% of betting experts who made a profit - loser label might become less sticky. So what kind of returns can you expect? Anywhere between 18% and 22% on betting turnover (that money actually put through sportsbooks) annually. Of course this could vary greatly - years of 30% and 13% would also be possible. The laws of probability defy accurate annual estimates. You will notice that I have not stated losing years - this is because they are rare - I have experienced one in my life time, my first. I am always aware of possibility but I am confident I will never experience one again - partly because of numerous hedging methods now available on sports betting exchanges. I wonder how many young people on Wall Street today can confidently say they will only have one losing year? There may be a handful, those engaging in arbitrage and those experienced in 'selling' as well as 'buying' market - but there won't be many. So do sportsbooks close accounts if you are a winning player? Well curiously answer is 'yes'. I say curiously because if book is doing its job properly, it is taking action from both sides of line (odds on event) and simply taking commission in middle. The sportsbook makes its money whatever result - they are merely commission-takers. Winning bettors do not win money from a sportsbook, they win money from other losing players. I guess some books simply do not like winners - but many manage action well and allow big bets. Big bets means big turnover, big turnover means big profits.
| | To roommate or not to roommateWritten by dan the roommate man
Making Decision Do you want or need to live with a roommate? What are pros and cons of having a roommate? What should you consider when looking for a roommate? And what issues should you get settled before you move in? On this page we'll look at pros and cons and some tips to consider; later, we will look at some of issues you should get settled before moving in with roommates and how to get them in writing.The Pros of Roommates it's often cheaper as costs (rent, utilities, food) are split household chores are a shared responsibility you can often afford a bigger apartment with more living space if you split costs a roommate can assuage loneliness The Cons of Roommates a perceived (if not real) lack of privacy someone else's problems can become yours you're relying on someone else honoring their obligations (to pay rent, to pay utilities, etc.) there's always potential for disputes, even with a friend Some Considerations Just because someone's been your best friend since elementary school doesn't mean he or she will make a great roommate. Often living together can destroy even a close friendship. It's a good idea to know going in what you want in a roommate and what you won't tolerate. Will you accept a roommate who smokes? What about one with a live-in boyfriend or girlfriend? Will you live with someone of opposite sex? What about someone of a different sexual orientation? What about cleanliness? Pets? Morning person vs. night owl?
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