If you answered “yes” to that question, then we have an answer for you, and it’s a corker. But, you need to be careful because you might not be familiar with this type of gambling. It involves money, but it’s slightly different.
What is it?
Isn’t it irritating when blogs don’t get to the point fast enough? I hate that! I’m not going to do that to you.
So, what type of bet am I talking about?
Wall Street Bets
Not just any Wall Street bet, and not necessarily Wall Street bets at all, but gambling stock. You don’t have to buy your stocks on Wall Street!
But we are talking stocks.
Yes, the time is ripe for taking a gamble on gambling.
In February 2020, online gambling was a great choice for investment because the industry grew fast and quick. We even wrote an article about the merits of gambling vs trading during that period. The money was there.
That came as a surprise because we were expecting losses because of, what we thought would be, the loss of sports-betting. But the stability of sports-betting took us all by surprise. We thought it would dry up because of the lack of sporting events. But it remained popular.
And, do you know why?
Because the British spirt is innovative. We didn’t want to give up sports betting.
So what did we do? We improvised, we adapted, we overcame.
So, despite the change in sports betting, online gambling took off over the last few months. February was a great time to invest in online gambling stocks.
Right now (May 2020), there’s a new opportunity on the horizon…
Yep! The real-life casinos – aka “in real life” (IRL) casinos – are about to see an increase in stock value, albeit a slow one.
Now, just as a disclaimer, we are not advising you to put your money into stocks. We aren’t stockbrokers or financial advisers. It’s up to you to weigh the risks and rewards and make an appropriate decision.
We’re here to let you know that the signs are good for recovery for the IRL casinos. And this is especially true for the world’s largest gambling cities. Stocks fell in February, but experts predict a steady, slow, rebound when casinos reopen.
Some US states have already opened their casinos. You’ve missed the boat for casinos in Louisiana and Mississippi, but not Las Vegas, i.e. the most lucrative city.
But, there is a word of warning. Macau (China) hasn’t seen the rebound effect yet. This could be due to differences in the type of tourism in the city, but time will tell. Las Vegas attracts a lot of American tourists and the lack of foreign visitors is less of a risk to profits.
On risk assessment, my advice is that you see these investments as a long-term thing. Rebound should come, but it might take a few years. The risks are relatively high, but the rewards should be high too. It’s not a way to make a quick buck…slow and steady…
It’s a gamble!