Charles Schwab: Prediction Markets And Betting Blurring Lines with Investing

[KungFuBac]

Link below.

From the article: "For every dollar directed toward sports betting, net investment in equities and other financial instruments fell by just over two dollars," say the Schwab strategists. "The money flowing into these gambling sites was not discretionary leisure spending. It was likely wealth that would otherwise have been building toward long-term financial security."

This is what concerns the brokerage firms such as C.Scwab et al.
They are losing funds to sports betting and gameing.

However, it is my opinion, that a skilled gamer is completely different from the player that just goes to the casino for a few hours of gaming (slots or other high H.E. games, just for entertainment).



I have been saying this for years. I found it very helpful to view gaming as we would investing(and vice versa).
One will keep seeing the same metrics pop uo. Along with mathematics theorems from hundreds of years ago. that are utilized for skilled investing as well as skilled gaming. They are still very applicable today.
Compounding is a powerful tool/ always remember CSW.

Often we actually get a "better deal" from a low H.E. game than we do from our brokerage account. We should pay attention to any "fees" that are charged "up front" on all types of investments.

Of course, just as one would manage their 401K or other retirement account, money management also reigns supreme for gaming.


https://www.casino.org/news/prediction-markets-sports-betting-blurring-lines-with-investing/


Continued success to all investors.