online casino advice Archives - OnlineCasino.com

Online Gambling

A community for gambling online.
[link]

amx, chargebacks, and online casinos looking for any advice

I am an authorized user on an American Express card and I like 6 months ago I was kicked off of that primary card holders plan I believe for too many disputes at least that's what I was thinking or told, and to let you know i had about 10, anyway there was a letter sent to the primary user which didn't make much sense to me, and I have might post it another time but I was wondering if anyone was familiar with having a charge backs to a online casino and if so how did that work out ? do you know if when American Express investigates what does that eail and maybe saying i dont recognize that charge is not the right answer, I mean in this case,
I did not know but I had confronted the user who made the unauthorized transactions, when they see the card number they could see the name of who created a profile, and I would never want to harm that person in anyway or get them in any kind of mess or legal situation , or any one including myself, i know that they have their own addiction problems with gambling online, I know that it's considered an enabling because i cant help them and I dont deliver on the consequences I put out there to make this stop and maybe I need to go to an ALANON to to figure that part out but that's a different story
So back to getting on track what I'm asking is if anybody knows how American Express
when they do their investigation, what is the protocol
it is kind of under the rug and i absolutely do not want to get that person in any kind of trouble and I would also not want to get my account turned off but I would want that credited back this is a revolving account so , at the next cycle it will refresh, but i dont think that should matter. I dont know what kind of restrictions will American Express have with me I already started to create a new issue when I found out I was really upset and started this process of disputes,
wanted to create a fraud claim when I discovered it last weekend, and so I backed out of the dispute though several transactions are the same merchant, i see a few did go through as disputed.AND in general does anyone know or have a resource , what do casinos do once they get the charge back? Thank you all very much
submitted by Turbulent_Trust_5554 to personalfinance [link] [comments]

GTA V Online Diamond Casino Heist Aggressive Approach - NEED Advice - XBOX

So I've already completed the Casino Heist as the Big Con and was forced to try a new method so I picked the Aggressive approach. I completed every optional mission (besides the Intel mission) but messed up on the Duggan mission, destroying only 1/10 helicopters (I had no clue what I was doing and yet to have a flying vehicle so the mission seemed impossible to complete in 10 minutes), needless to say all the security guards still have their heavy armor and helmets. I figured entering through the sewer would be the best bet so I start out in the basement. My teammates and I can't seem to figure out a way to even make it to the first keypads because we get blasted from every single angle possible. Any suggestions on how to go about this? Is there a way to restart optional missions or even restart the heist as a whole? Any insight would be helpful. Thanks in advance!!
submitted by Biznasty112714 to gtaonline [link] [comments]

Stakes advice on online casino slots

Hey,
I'm pretty new to gambling but yesterday I figured that I'd try out some online casino slots. I deposited around $50 and my bets were $1-2 per spin. It only lasted for about 4-5 mins, lol.
Anyway, my question is: with such a low budget (say $50-100), how much should the stakes be for each spin? Perhaps $1-2 per spin a bit too much?
My main goal is to be able to win a few hundred of thousand bucks, with the chance of cashing out a big jackpot.
submitted by Victimized90 to gambling [link] [comments]

Best Online Casino - Top Casino Offer, Online gambling advice and news

submitted by potter2366 to u/potter2366 [link] [comments]

Stakes advice on online casino slots

submitted by Victimized90 to onlinegambling [link] [comments]

Regular online micro player going to casino for tournament for first time in years, any advice welcome

I've been a regular online tournament player for nearly 10 years with a smattering of live experience. I'm heading out to play my live first tournament in years tonight and was interested in hearing any advice from anyone as to how to manage the transition from 4-tabling MTTs to a live setting. It's been so long that I'm actually quite nervous, which is strange.
I don't use a tracker so don't need to consider the loss of that, but any other advice regarding starting ranges, bet sizing, anything would be gratefully received :)
Tourney is £47 buyin, 10k starting stack, 5 x 24 min blinds then 20 min clock for rest of tourney.
submitted by jay_nay to poker [link] [comments]

🙏(Stern)[1:0c] Online Casino Guide for the Informed Player- Updated Reviews, Game Tips, and Other Advice

submitted by DanzaBot to ThoughtsAndPrayers [link] [comments]

I wish I never stepped foot in the casino 4 years ago.

I am broke again.. I can't stop gambling, I always say this is the last time, but I keep coming back. 2 months ago I had 5000$ saved to buy a car, 5000$ in my country is A LOT of money. In 2 days I managed to gamble it all, I owed 3 of my friends money, somehow I managed to pay them back, also I had some money left for me. 3 days ago while I was going home I thought to my self, meh 10$ wont hurt me, so I went to the slots and I lost 500$... That was 3 days ago, those were my last money. I didn't know what to do, I can't tell my parents that I am gambling so I asked my close friend to borrow me some money to buy food etc. He gave me the money and I went home and I was so restless, so I rushed to the ATM and put all the money my friend gave me on my card, I thought that was the only way I wouldn't gamble them. When I got home I suddenly remembered that I have several account on online casinos, I didn't even think twice and gambled all the money again on online casinos,as I was gambling the money I was begging God to somehow make me stop. I really want to stop this, I can't go to gamblers anonymous because there is no such thing in my country. I don't know how to tell my friend that I gambled the money again, that I am left broke again. I am tired of this life, I feel like I am the weakest person ever, I could have so much money, do so much with my life. Gambling has drained me emotionally, mentally, physically... I lost interest in everything, I sleep only 4 hours. I fall asleep at 7am and wake up at 11am tired, I spend the whole day just lying in bed doing nothing, I am behind in my college, all my friends got girlfriends and here I am depressed, feeling like a scum because of this stupid addiction. Even now when I am typing this I know even if I find 10$ somewhere, the first thing that I will probably do is gamble it all, I can't take this anymore. I am only 21 and I feel like my life is over, if I do this now, I can't imagine what it will be like in 10 years, I probably will be dead..
To quote a song from Adele(Million years ago)
Sometimes I just feel it's only me Who can't stand the reflection that they see I wish I could live a little more Look up to the sky, not just the floor I feel like my life is flashing by And all I can do is watch and cry

submitted by ImmortalDick to addiction [link] [comments]

Newbie at online gambling looking for an online casino to check out. Would appreciate advice on where to go and what games to play!

Hi there everyone! I’m a newbie to gambling in general. I thought I’d give it a try since I need a way to relax – my job is pretty stressful. My friends do this all the time and suggested it. Anyway, I don’t live anywhere near a casino and I’m not about to spend valuable gas money driving such long distances just to gamble away my money. So I got pointed in this direction. The thing is, I don’t know the first thing about online casinos or games, so I’d appreciate some advice on where to go and what games to play. Thanks in advance!
submitted by masterAlextheGreat to onlinegambling [link] [comments]

Help me on determining whether I’ve been swindled and scammed by a certain online casino, plz. Bros, I need proper advice, ASAP.

I need some help, advice, suggestion, recommendation, or whatever you may call it, badly. This is something about online casinos; I think I’ve been scammed and swindled by some online casino, that’s why I need help. Is there any chance that I could still recover the money that I lost? Some casino authority where I could report those f*cktards?! I admit that I’m sort of a fatuous peon! Call me dense, call me an idiot, a dumb-knuckled dim-wit, but please HELP ME, guys! =((
submitted by moneylambert to Scams [link] [comments]

Interested in trying out roulette at an online casino! Can anyone give me some advice and recommendations where to play?

Hi there! I’ve got a couple of questions and I hope some of you can help me. I’m a long time gambler, but I’ve only ever played at a land-based casino. I got introduced to online casinos a few weeks ago, and I gotta say I’m hooked! I’ve only ever tried playing slots and blackjack though. My favorite game to play is roulette, and I thought I’d finally try out an online version of roulette. I’m really picky with roulette games though. Can anyone give me some insight into online roulette and maybe point me in the direction of an online casino with a good game? Thank you!
submitted by masterAlextheGreat to BitcoinGambling [link] [comments]

Online Casino no deposit bonuses. Can anyone give me advice on what to look out for when considering this type of promotion? Thanks in advance!

Hey guys, I recently came across a few casinos that offer no deposit bonuses. I’ve been a regular online casino player but only played on a select number of sites since I’m always reluctant to try out other online casinos. However, I started to explore today and found out that there are a few gems out there that I might want to try out. A few offered no deposit bonuses, which are very attractive I must say. I mean, how can anyone say no to free wagering credits, right?
What are the pros and cons here? Please enlighten me :)
submitted by imthemanofthehour to casino8 [link] [comments]

Please HELP me on determining whether I’ve been scammed and duped by some online casino. Seriously, man, I need decent advice, ASAP.

Hi everyone
I need some help, advice, suggestion, recommendation, or whatever you may call it, badly. This is something about online casinos; I think I’ve been scammed and swindled by some online casino, that’s why I need help. Is there any chance that I could still recover the money that I lost? Some casino authority where I could report those bastards?! I admit that I’m sort of a fatuous peon! Call me stupid, call me idiot, a dumb-knuckled fool, but please help me, guys! =((
submitted by masterfisherwins to casino8 [link] [comments]

Covid-19 Update for December 8: 1,727 new cases, 1,397 recoveries, 9 deaths + Announcement of additional mandatory measures

Data is taken from the Covid-19 portal and today's availability by Dr Deena Hinshaw, Premier Jason Kenney, Minister of Health Tyler Shandro, and Minister of Jobs Doug Schweitzer. Dr Hinshaw's next availability is tomorrow.
There are currently enhanced measures in effect for multiple regions of Alberta and have been enhanced as of today. This link provides a quick summary of which ones are in effect for different regions of Alberta.
Top line numbers:
Value Current Change Total
Total cases +1,727 71,379
Active cases 20,388 +321
Cases with "Unknown source" 10,575 (83.9%) in last 7 days +427 (+0.4%)
Tests +19,071 (~9.06% positive) 2,410,675
People tested +7,433 1,534,783 (~355,521/million)
Hospitalizations 654 +45/+35 based on yesterday's post/portal data 2,325 (+64)
ICU 112 +4 413 (+10)
Deaths +9 (4x 70-79, 5x 80+) 640
Recoveries +1,397 51,000
Spatial distribution of people tested, cases, and deaths (since yesterday):
  • All other values are compared with respect to yesterday
Zone Active Cases New People Tested Total New Cases Total New Deaths Total
Calgary 7,529 (+57) +2,654 621,003 +583 28,946 +2 215
Central 1,526 (+53) +1,005 134,204 +176 3,881 +1 20
Edmonton 9,383 (+193) +2,664 513,626 +791 29,901 +5 304
North 1,212 (+65) +739 143,747 +165 4,757 +0 51
South 646 (-8) +307 97,153 +57 4,307 +1 50
Unknown 92 (-39) +64 25,050 -45 236 +0 0
Spatial distribution of cases for select cities and regions (change since yesterday) (cities proper for Calgary and Edmonton):
City/Municipality Total Active Recovered Deaths
Edmonton 24,542 (+625) 7,586 (+151) 16,692 (+469) 264 (+5)
Calgary 24,245 (+507) 6,490 (+117) 17,562 (+388) 193 (+2)
Brooks 1,296 (+2) 24 (-4) 1,258 (+6) 14 (+0)
Lethbridge 1,175 (+22) 259 (+9) 909 (+13) 7 (+0)
Fort McMurray 906 (+20) 222 (-3) 682 (+23) 2 (+0)
Red Deer 832 (+45) 373 (+18) 449 (+27) 0
High River county 658 (+2) 49 (-6) 602 (+8) 7 (+0)
Grande Prairie 562 (+15) 106 (+10) 451 (+5) 5 (+0)
Mackenzie county 447 (+4) 19 (+4) 415 (+0) 13 (+0)
Medicine Hat 334 (+11) 89 (-3) 240 (+14) 5 (+0)
I.D. No 9 (Banff) 324 (+8) 109 (-14) 215 (+22) 0
Cardston county 200 (+2) 37 (-2) 157 (+4) 6 (+0)
Wheatland county 146 (+1) 6 (-1) 140 (+2) 0
Warner county 137 (+1) 30 (-2) 105 (+3) 2 (+0)
Wood Buffalo municipality 111 (+1) 8 (+0) 103 (+1) 0
Rest of Alberta 16,113 (+461) 4,981 (+47) 11,010 (+412) 122 (+2)
Other municipalities with 10+ active cases is given at this link
Schools with outbreaks are listed online.
Quick numbers (as of today):
  • 108 schools are on Watch (+2)
  • 141 schools have 2-4 cases (+10)
Spatial distribution of hospital usage (change based on yesterday's post):
  • Hospitalization zone are where the patient is receiving care, not zone of residence
Zone Hospitalized ICU
Calgary 198 (+14) 34 (+2)
Edmonton 357 (+22) 66 (+3)
Central 50 (+3) 6 (+1)
South 18 (+4) 2 (-1)
North 31 (+2) 4 (-1)
Statements by Premier Kenney
Opening Statements
  • Here to lay out additional health measures which are necessary to protect healthcare system and save lives
  • Alberta has faced most of the year with lower levels of spread, hospitalizations, and fatalities
  • Having said that, last few weeks are different
  • Incredible work is being done by healthcare workers in face of this
  • Delays in surgeries have occurred, which for some may result in a shorter lifespan
  • Not doing anything now will result in continued growth of hospitalizations and further strain on healthcare
  • On advice of chief medical officer, restrictions have occurred. Government realizes that this can impact businesses and cause adversities
  • Knows many feed policies are unjust and why provincial government has stressed education first instead of using policy
  • On the other hand, while space can be made, it will have further health impacts (e.g. running out of capacity in hospitals)
  • If stronger action isn't taken now, hundreds or thousands more Albertans will die
  • Data appears to suggest a stabilization (around a reproductive factor of around 1.2), but that isn't enough
New Restrictions
  • As of today, all outdoor and indoor social gatherings are banned
  • The mask mandate will expand to all indoor places, with exception of rental homes and farm operations
  • As of December 13th, 12:01 AM:
  • (1) Retail, grocery stores, and shopping malls are restricted to 15% of capacity, down from 25%. Kiosks are open for takeaway service only. Malls cannot be used for socialization and shopping only
  • (2) Places are worship to 15% occupancy with previous restrictions applying. Online and drive-in services are still recommended
  • (3) Restaurants, pubs, bars, lounges and cafes are restricted to takeout and delivery services only. This will open up their access to provincial and federal supports
  • (4) The following will be closed:
  • (4a) Gaming centres (e.g. - casinos, bingo halls, gaming entertainment centres)
  • (4b) Recreational facilities
  • (4c) Indoor entertainment (e.g. libraries, science centres, water parks)
  • (4d) Trade centres
  • The restrictions do not apply to service visits, healthcare, or childcare .
  • (5) All Alberta employees must work from home unless employer requires physical presence for operational reasons (up from a recommendation)
  • No changes to schools beyond what was previously announced
  • These are all province wide and will be in effect for 4 weeks
  • Goal has been to be targeted. However, the whole province is seeing significant spread
Christmas
  • Knows the holidays are important for many people
  • The hard truth is that the single source of spread is at-home gatherings
  • If we let people gather for Christmas, we'll see a spike in cases
  • We can't let that happen, so please follow the gathering restrictions previously noted (only in-household or with 2 close contacts if you live alone)
Increased Enterprise Support
  • This isn't the fault of anybody who followed the guidelines
  • Until the contact tracing system was overwhelmed, we didn't see it being the fault of business owners
  • But we are seeing spread so widespread, it doesn't matter how careful you were
  • These are decisions are a last resort
  • Knows this impact will be real. So financial support for small and medium size enterprise
  • 4x growth in small and medium enterprise relaunch grant, while lowering eligibility from 40% of revenue lost to 30%. This will also be retroactive to March
Closing Statements
  • Thanks Albertans for their work for most of the past 9 months
  • We are seeing the end with vaccination possibly beginning in weeks...the end is in sight
Q&A
  • Why now, instead of two weeks ago?: Goal is to reduce contacts, assuming Albertans respond. This should be a very strong message and reduce transmissions. Measures have been increasingly harsh because each restriction creates harms, will hurt people who have sunk all their money in a business, and potentially increase self-harm. So this is a last resort
  • Why keep retail open instead of just curbside?: Encourages curbside, but some people may not be able to live without basic goods. Even most stringent policies around the world have kept retail open in some capacity. Feels the designation of essential and non-essential businesses in spring was a mistake
  • Why is cabinet being transparent about the reproductive value (R or Rt)?: Are preparing ways to publicly present this data, as well as healthcare capacity. Targeting next week
  • Do you think the softer measures before will cost lives/make economic recovery more difficult?: Shutting down early would have had significant impacts. Thinks it'd be a huge mistake to draw correlations between strictness of restrictions and outcomes and that there is a reasonable balance being stuck
  • Since you defined Covid representing "a tiny percent" of deaths, 300 deaths have occurred. There have been significant growths in hospitalization and cases. Do you take personal responsibility?: Rejects the premise of the question and calls it more of an "NDP speech". Feels the province has done more than other jurisdictions, especially early on. Also notes that BC, who has a government of opposite end of the political spectrum, has had a similar approach
Statements by Minister Shandro
Additional Details on Health Measures
  • Goal is to limit in-person interaction
  • Retail restriction has a floor of 5 people
  • Ski hills can remain open, provided restrictions are followed
  • Realizes that this is a lot to take in, but person-to-person exposure is fuelling the spread
  • We need limit contacts and be aware of the situation around you (even outdoors or at the grocery store)
Q&A
  • How does outdoor gathering ban even work?: Goal is to restrict social gatherings. So do not socially gather indoors or outdoors. If they gather in a park or on the sidewalk, that isn't allowed. Difficulty will certainly lie in enforcement and hopes it won't need to be used. It will be up to law enforcement to determine if they feel they need to use it
  • (Additional comment by Dr Hinshaw: Intention is to prevent group social activities. Not prohibited is fitness activities provided distancing occurs)
Statements by Minister Schweitzer
Opening Statements
  • Wants to make people aware that there will be significant impacts. This is not lost on anyone in government
  • Knows many people are impacted because people have ignored public health orders.
Additional Details on Small Business Supports
  • 40% may not be able to re-open after these closures without supports
  • Small businesses may now qualify for $20,000 support (up from $5,000) with a decrease in revenue lost to 30%
  • An additional 15,000 businesses should be able to qualify for this (totalling 500 million dollars)
Q&A
  • How many people will be affected with these restrictions?: ~30,000 businesses will be affected. Will be seeing how many people
Statements by Dr Hinshaw
Cases
  • 426 schools have active cases (~18%) with total of 1,701 cases
  • 108 schools on watch list (5+ active cases)
Edmonton Zone
  • The Royal Alexandra Hospital has decided to place facility on "Watch" status as a precautionary measure
  • Hospitals are safe places to receive care, but be aware that staff are under extreme stress
  • Edmonton Zone will enact additional measures:
  • (1) Postponing up to 60% of non-urgent surgeries (up from 30%)
  • (2) Diagnostic imaging may be reduced by up to 40%
  • (3) Ambulatory visits and procedures may be reduced as needed
  • AHS will contact those who are impacted
  • This is why these measures are needed and a sign of how Covid may impact more than the ill
Scope of the Situation
  • If you gathered all the people who have tested positive, it would be the 5th largest city in Alberta
  • 1/3 people have been tested
  • On October 8, positive rate was 1.34% with 184 cases in province
  • Today, positive rate is 9% and 7 day average is 1,785
  • Outbreaks in almost all group settings
  • People from 1 to 108 have been infected
  • Knows restrictions will impact many people
  • The fastest way to get there is to embrace these restrictions
  • Knows many people have embraced already, but everybody will need to do more
Q&A
  • Why do we think these measures will work, after the last two rounds?: This is the most significant round of restrictions. Points to Israel as an example (who shrunk their cases faster than even their first wave). Target will be to bring the health system out of risk
  • If someone is coming in from out of province, is that allowed?: If it's someone from out of province, it isn't allowed
  • A follow up question noted an example of family members in Alberta were quarantining were 2 weeks before Christmas. Challenge is that enforcement of a "quarantine" will be difficult to control. Province is saying "gathering for Christmas" won't be allowed with people who don't live in the home. Knows it's a big imposition but any suggestions like in the question may cause a Thanksgiving-like increase in spread
Additional information will be logged below:
submitted by kirant to alberta [link] [comments]

Help me on ascertaining whether I’ve been conned and scammed by a certain online casino, pls. Mates, I need proper advice, ASAP.

I need some help, advice, suggestion, recommendation, or whatever you may call it, badly. This is something about online casinos; I think I’ve been scammed and swindled by some online casino, that’s why I need help. Is there any chance that I could still recover the money that I lost? Some casino authority where I could report those f*cktards?! I admit that I’m sort of a fatuous peon! Call me stupid, call me idiot, a dumb-knuckled fool, but please help me, guys! =((
submitted by goldenlaura to onlinegambling [link] [comments]

Hi, someone please give me some advice on how to prevent getting conned and scammed in online casinos

Hi people, I was just wondering if there are plenty of online casino gamers here, ‘coz I badly need some advice, guys. I’m relatively new to this casino games thing online, but I’ve been playing regularly at brick and mortar casinos regularly (for about three-fourths of my adult life). The thing is, I’ve been to two (2) online casinos already, I deposited some money to be able to play, I got to some win some dough, but when I wanted to withdraw some of those money that accumulated on my account, it won’t friggin’ let me?! So tell me, is this some sort of scam or what?
submitted by gambler_moneymaker to casino8 [link] [comments]

Covid-19 Update for November 24: 1,115 new cases, 916 recoveries, 16 deaths + Announced Restrictions to Limit Covid-19 Spread

Data is taken from the Covid-19 portal and today's media availability by Premier Jason Kenney, Minister of Health Tyler Shandro, and Dr Deena Hinshaw. Minister of Eduation Adriana LaGrange, Deputy Minister of Eduation Andrew Courbold, and AHS CEO Verna Yiu were also present, but did not speak. Dr Hinshaw will be available every day this week.
There are currently enhanced measures in effect for multiple regions of Alberta. This link provides a quick summary of which ones are in effect for different regions of Alberta.
Top line numbers:
Value Current Change Total
Total cases +1,115 49,536
Active cases 13,349 +183
Cases with "Unknown source" 7,538 (88.0%) in last 7 days +168 (-1.6%)
Tests +13,617 (~8.19% positive) 2,141,346
People tested +5,871 1,426,119 (~330,350/million)
Hospitalizations 349 +20/+15 based on yesterday's post/portal data 1,652 (+31)
ICU 66 +4/+1 based on yesterday's post/portal data 298 (+5)
Deaths +16 (3x 60-69, 70-79, 10x 80+) 492
Recoveries +916 35,695
Spatial distribution of people tested, cases, and deaths (since yesterday):
  • All other values are compared with respect to yesterday
Zone Active Cases New People Tested Total New Cases Total New Deaths Total
Calgary 4,903 (+58) +2,501 576,317 +426 20,609 +0 186
Central 830 (+18) +558 122,306 +65 2,175 +2 14
Edmonton 5,991 (+512) +1,921 476,491 +541 19,692 +14 208
North 764 (+16) +615 136,174 +79 3,343 +0 44
South 640 (-15) +235 91,712 +31 3,559 +0 40
Unknown 75 (-31) +41 23,119 -27 158 +0 0
Spatial distribution of cases for select cities and regions (change since yesterday) (cities proper for Calgary and Edmonton):
City/Municipality Total Active Recovered Deaths
Calgary 17,106 (+367) 3,884 (+105) 13,053 (+262) 169 (+0)
Edmonton 16,311 (+427) 4,815 (+114) 11,306 (+299) 190 (+14)
Brooks 1,271 (+4) 46 (+2) 1,212 (+2) 13 (+0)
Lethbridge 886 (+4) 171 (-5) 708 (+9) 7 (+0)
Fort McMurray 626 (+17) 158 (+11) 466 (+6) 2 (+0)
High River county 600 (-1) 29 (-2) 564 (+1) 7 (+0)
Grande Prairie 444 (+2) 78 (-4) 362 (+6) 4 (+0)
Mackenzie county 428 (-1) 8 (-2) 409 (+3) 13 (+0)
Red Deer 425 (+12) 141 (+0) 284 (+12) 0
Medicine Hat 228 (+9) 103 (+2) 123 (+7) 2 (+0)
I.D. No 9 (Banff) 186 (+5) 152 (+0) 34 (+5) 0
Cardston county 156 (+1) 34 (+1) 117 (+0) 5 (+0)
Wheatland county 138 (+2) 23 (-4) 115 (+6) 0
Wood Buffalo municipality 100 (+3) 27 (+1) 73 (+2) 0
Warner county 98 (+1) 17 (+1) 80 (+0) 1 (+0)
Rest of Alberta 10,533 (+263) 3,663 (-37) 6,791 (+298) 79 (+2)
Municipalities with 10+ active cases is given at this link
Schools with outbreaks are listed online.
Quick numbers (since yesterday):
  • 65 schools are on Watch (+1)
  • 117 schools have 2-4 cases (+3)
Spatial distribution of hospital usage (change based on yesterday's post):
  • Hospitalization zone are where the patient is receiving care, not zone of residence
Zone Hospitalized ICU
Calgary 115 (+10) 16 (+2)
Edmonton 169 (+6) 39 (+0)
Central 18 (+0) 3 (+1)
South 25 (+0) 5 (+0)
North 21 (+4) 3 (+1)
Statements by Premier Kenney
Opening Statements
  • Pandemic is "once in a century" event that has affected everyone
  • Has received lots of heartbreaking/heartfelt letters and read some out of them in the meeting last night
  • Letters include concerns about family impacts and economic impacts, as well as the loss of life
  • Has phoned front line healthcare workers over weekend and sought out their advice
  • Has noted the hesitation of further restrictions before and focus on targeted measures. The vast majority of Albertans have worked to the guidelines
  • Spread is speeding up and is significant at long term care. We need to do "everything we can" to protect them. That requires dedicated work from the community
  • Must also protect healthcare system. Healthcare system is at risk, and Edmonton Zone is an example of the trade offs that now must be made. Other services will have to be put on hold if the trend continues, even with the spending in it
  • Measures below were not taken lightly. These are the "minimum restrictions needed" right now to protect healthcare system and avoiding widespread damage to livelihoods
New Measures
  • Declaring a State of Public Health Emergency in the province of Alberta
  • Series of mandatory measures also approved:
  • For social gatherings: No indoor social gatherings will be permitted in any setting and outdoor social gatherings will have a limit of 10 people
  • For funerals and weddings: 10 in-person limit and no receptions will be permitted
  • Social events have been one of the biggest driver of cases. Weddings and funerals are one of the biggest widespread drivers of transmission ("This is just a reality")
  • These social gathering restrictions are province-wide and can be subjected to fines
  • An emergency alert will be sent to all Alberta phones this week to make Albertans aware
  • Gatherings of worship services will be capped of 1/3 of Fire Code with mandatory masking if region is under enhanced status. This is now mandatory. This will be evaluated mid-December
  • Effective Friday, for regions under enhanced status, three temporary restrictions will be added at businesses and services:
  • (1) The following will be closed: banquet halls, conference centres, trade shows, concert venues, community centres. All levels of sport too, but must apply and have an approved exemption
  • (2) Retail businesses and services will be limited to 25% of occupancy limit
  • (3) Hair salons, personal wellness services, hotels, and professional services will be limited by-appointment
  • In-person dining and bars can continue, but must abide by guideline. Each dining tables will be limited to 1 household
  • Asking all workers that can work from home to do so. Government of Alberta will do so
  • These will be reviewed in mid-December
  • On November 30th, Grades 7-12 will end in-person schooling for 2020 and Winter break will begin December 18. In-person learning will be delayed until January 11, 2021
Closing Statements
  • Effective immediately, masks are mandatory in Edmonton and Calgary Zone
  • The measures are tough, but necessary to protect Albertans from a "crushing lockdown"
  • Knows this will be hard and encourages people to shop local
  • Will give a chance to review before Christmas
  • If the measures do not have meaningful impact, further restrictions will be made in December
Q&A - Announced Restrictions
  • Alberta has had some of the least stringent measures and highest cases rates. Is today's announcement that it failed? Why are we doing the "minimum"?: Thinks the response has been effective for a long stretch of time. Obviously an issue has cropped up in the past few weeks. Also notes a "chase after 0 [cases]" shutdown won't be the goal and that restrictions and interventions, in accordance with Charter of Rights, should be limited to minimizing infringement of rights to achieve a goal
  • How will you enforce gathering restrictions?: No "snitch line", but will be expanding enforcement officers (Level 1 and 2 peace officers) to enforce orders and writing the tickets (up to $1,000/person). Anticipates officers will see if obvious "large gathering signs" will be noticed
  • How is in-person dining not "indoor gatherings"? How do you feel about doctors recommending closing in-person dining?: Notes dining is one household and limited spread in dining centres and asks those with a secure paycheck ("particularly a government paycheck") to think about those who sink life savings in dining services
  • Why are stores being restricted if they are not a significant cause of spread?: Compares well to other provinces who have fully closed retail. Thinks it was a grave mistake to allow big box stores to remain open because they had grocery/pharmaceutical sections while small businesses must close. That said, restrictions must be made to limit social spread
  • Due to challenges with Albertan spread information, what data is being used to make the decisions?: Points to data from previous 8 months
  • Are you confident that these measures will control cases by December 15?: Yes. Notes the challenging balance between infringement of rights and controlling cases. Also hopes this will be a "wake up call" to those not following the guidelines
  • (Interjection - I felt this was important and it needs to be separated from the above question). Kenney recognizes he will get quite a few people "on [his] Facebook page" angry at the restrictions. Wants to emphasize this is not a lockdown. Nor is this an abstraction. If you know someone waiting for surgery, this is to protect them. It's not about politics, but for them. It's not something he wants to do and is upset about the situation. But it's not enough to complain. Challenges people to explain how to grapple with timely healthcare access if Covid continues to spread and more need care
Q&A - Future Restrictions
  • How bad will it have to be to announce a lockdown?: Would like to avoid it if possible. Key metric will be hospitalization (in particular, ICU), measured against capacity. (Interjection - The wording of the rest of the response was focused on more targeted measures if these restrictions do not limit spread within 3 weeks)
  • Are there specific thresholds for lift measures/add more measures?: On 15th of December, reproductive value (R) must be <1 to lift measures. Ideal target is 0.80. We are currently at 1.3 in Edmonton, 1.1 in Calgary
Q&A - Other
  • Where is Alberta when it comes to vaccine and rapid testing?: Alberta depends on the federal government. Notes disappointment in the slow roll out of rapid testing (though 577,000 tests have been delivered). Hopes to announce more roll out details in the week. For vaccine, Oxford trial has also headed to mass production (giving Canada 3 incoming vaccines). When it arrives, will likely begin with healthcare workers and vulnerable populations
Statements by Minister Shandro
Further details on the above guideline
  • Indoor social contact should be limited to you household. If you live alone, you may have two non-household social contacts
  • Indoor social gathering gatherings doesn't apply to home based services
  • Funeral/wedding gathering limits can result in $1,000 fine, up to $100,000 through courts
  • Additional details for restaurants/bars/pubs/lounges: Must follow 4 points: (1) 6 person/table limit, all from one household, (2) same note as above for single person household (and limited to the same two people), (3) only seated eating/drinking allowed, (4) no other services are allowed (e.g. billiards/darts)
  • Encourages takeout/delivery/curbside pick up when possible
  • Enhanced screening of measures will begin
  • Retail services extends to bingo halls, fitness, pools, etc. No group fitness is allowed, nor team practice or games
  • Casinos can be open for slots only and follow the liquor laws of bars and casinos
  • 25% limit includes grocery, pharmacies, clothing, computer, hardware, automotive stores, etc
  • Doctors can continue in-person care
  • Diploma exams will be optional - parents may choose to seek an exemption
AHS Capacity
  • Working with AHS to expand capacity
  • Commits that AHS will have all the resources needed to respond
  • But AHS also needs people to change their behaviour
Statements by Dr Hinshaw
Numbers
  • Dip in case number was due to fewer tests
  • Active Alerts/Outbreaks (1+ active cases) in 318 schools (~13%), with 1,135 cases. 181 schools with outbreaks (2+ active) with 65 on watch list (5+)
  • 103 deaths in last 2 weeks. Of them, 62 were in continuing care and 12 in acute care. Of the 29 community deaths, 14 were <70 years old
Additional information will be logged below:
submitted by kirant to alberta [link] [comments]

Your Pre Market Brief for 12/15/2020

WARNING: It is up to you to judge the accuracy and veracity of the below before trading. I take no responsibility for the accuracy of the information in this thread.

Your Pre Market Brief for Tuesday December 15th 2020

Brought to you by MoonGangCapital
You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.
Other Useful Resources: The Ultimate Quick Resource For the Amateur Trader.
Published 2:33 AM EST / Updated as of 4:00 AM EST
-----------------------------------------------

Stock Futures:

Monday 12/14/2020 News and Markets Recap:

Tuesday December 15th 2020 Economic Calendar (All times are Eastern)

Overnight News Heading into Tuesday December 15th 2020

(News Yet to be Traded 8:00 PM - 4:00 AM EST)
It is up to you to judge the accuracy and veracity of the below before trading. I take no responsibility for the accuracy of the information in this thread.

End of Day and After Hours News Heading into Monday December 15th 2020

(News Traded 4:00 PM - 8:00 PM EST)
It is up to you to judge the accuracy and veracity of the below before trading. I take no responsibility for the accuracy of the information in this thread.

Possible Dip Buying Opportunities in the near future (Other suggestions appreciated):

Suggested Dip Trading Strategy

Offering News:

Commodities:

Other News & Analysis:

Upcoming Earnings:

COVID-19 Stats and News:

Macro Considerations:

Other

-----------------------------------------------
Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily brief in this sub
Other Useful Resources: Stock Market Tools, Resources, Advice, & Tutorials
WARNING: It is up to you to judge the accuracy and veracity of the above before trading. I take no responsibility for the accuracy of the information in this thread.
submitted by Cicero1982 to MoonGangCapital [link] [comments]

Investing in ETFs

A couple of weeks ago, I posted a comment in response to a question about ETFs. This question comes up very often; usually two or three times a week. Maybe more than that. Several people suggested that it be "pinned." I obviously cannot do that, however if a mod wants to pin this, feel free to do so. I did make a few modifications and additions to that comment and for those who haven't gone back to see the changes, I thought I'd post it again here. Hopefully, this helps people who are interested in an investing approach that is either made up of ETFs or that includes ETFs as a part of their portfolio.
______________________________________________________________________________________________________
QQQ - This one uses the NASDAQ 100 as its benchmark. Obviously it's an Indexed, non-managed ETF. XTF used to rate this one as a perfect 10.0 out of 10 rating, but recently dropped it to 9.9 out of 10. It has one of the highest rates of return over the past 10 years of any ETF. It does tend to be tech-heavy, especially with the FAANG +M stocks. (Facebook, Apple, Amazon, Netflix, Google and Microsoft). Other top holdings include TSLA, NVDA and ADBE. (The rating dropped recently when the portfolio of the NASDAQ 100 was re-balanced).
VOO/SPY - VOO and SPY are non-managed funds indexed to the S&P 500 Index. These funds are very popular on this subreddit, for good reason. They are well diversified, broad market funds investing in mostly US stocks. XTF rates these funds at 9.6 out of 10 because their return on investment over the long term is somewhat tempered by some of the blue chip stocks in the funds. But those stocks also help reduce volatility relative to some other ETFs. These are solid investments, but keep in mind that in the top 10 holdings there will be a lot of crossover between these funds and other broad market funds that hold US stocks like QQQ, VTI, VGT, VOOG and SPYG. There are differences, of course, as well, but you always want to know where those duplications exist.
IWF - This is a Russell 1000 Growth fund. It is one of my favorites that doesn't get talked about much. It does have a lot of crossover with the other funds mentioned above, but the mix is slightly different. Other funds that use the Russell 1000 Growth Index include RWGV and VONG. I would describe this fund as more aggressive than VOO/SPY, less volatile than QQQ. VONE and IWB use the Russell 1000 Index as their benchmark. SPYG and VOOG use the S&P 500 Growth Index for their benchmark and would be similar (but not identical) to IWF, VONG and RWGV.
IWM - for someone looking to diversify a little bit, this is a great fund to look into. This fund is a non-managed, indexed fund that uses the Russell 2000 index as its benchmark. The big difference between the Russell 2000 index and many of the the other indexes is that the Russell 2000 index looks at small and mid-cap companies, rather than large-cap companies. Thus, there is zero crossover between this one and the funds mentioned above. While this fund will move up and down with the market, it is often less volatile than the market overall. If you look at the charts, this fund has under-performed some of the other funds over the past few months while the market has been very volatile in an upward direction, but in a crash, this fund would probably outperform the rest of the market. It has a 9.0/10 XTF rating.
VXUS - Vanguard Total International Index Fund ETF - top holdings include BABA, Tencent, Samsung, Taiwan Semiconductors, Novartis, Toyota. This is a broad market fund investing only in companies overseas. I'm not generally bullish on foreign markets, but this one is a very solid ETF with some companies that are likely to do extremely well for the foreseeable future. XTF rates this one a perfect 10.0 out of 10.
EEM - iShares MSCI Emerging Markets ETF - This one is going to have a lot of crossover with VXUS. It is an Emerging Markets ETF with a lot of focus on China. It includes Alibaba, Tencent, JD.com, along with companies like Samsung and Taiwan Semiconductors. This one should be a solid performer as long as our trade relations with China remain normal.
EFA - This is another international ETF, but here the focus is mainly on more established companies in Europe and Japan. This is a Large Cap ETF that includes companies like Nestle SA, Roche, Toyota, Novartis and AstraZeneca.
Sector fund ETFs:
ICLN/TAN/FAN - These funds are clean/renewable energy ETFs. ICLN is more broad while TAN focuses more specifically on solar energy and FAN specifically on wind generated energy. I think renewable energy companies are the future. There is no crossover in the top holdings of this fund with the top holdings of QQQ and most of the other broad market funds. Also, these are global, not just US based companies. QCLN and PBW are also renewable energy funds, but they also contain a lot of TSLA, NIO and W.K. H.S. in their top holdings making them "electric vehicle" funds, as well. No problem if you want to add that, but you'll find a lot of Tesla in some of the funds mentioned above.
ARK group of funds: ARKG, ARKF, ARKK ARKW, ARKQ, PRNT and IZRL. These are managed funds investing in companies that invest in disruptive companies in their respective industries. Most posters on this subreddit are bullish on these funds. They are aggressive growth ETFs, but should be considered somewhat risky and volatile.
XL series of funds. Similar to the ARK series, these tend to be more aggressive growth funds, however these are passively managed indexed funds with various benchmarks that usually are overloaded in the better companies within a sector:
CLOUD COMPUTING: WCLD, SKYY, CLOU, BUG and XIKT. Of these WCLD has the best 52 week performance. Top holdings in WCLD include ZM, PLAN, CRM, CRWD, ZEN, WDAY, TENB, PCTY, DDOG, BL. Many of these are likely to also appear in QQQ, however, they would be in very small percentages as the Cap on these companies is much smaller.
Aerospace and Defense: XAR, ITA, PPA
Real Estate: VNQ, FREL, SCHH, IYR, PSR, BBRE
Transportation: FTXR, XTN, IYT, RGI, JETS
Oil/Energy: IYE, FENY, VDE
Consumer Staples: FSTA, VDC, IECS
Media/Entertainment: IEME, PBS, PEJ, IYC
Robotics, AI, Innovative Technologies: THNQ, ROBO, XITK, SKYY, GDAT
Semiconductors: SOXX, QTEC, QTUM, SMH, FTXL
IT: FTEC, VGT, IWY, IGM, FDN
Cyber Security: HACK, CIBR, IHAK, BUG, FITE
Consumer Discretionary: FDIS, VCR, IEDI, JHMC, IYC
5G, Connectivity: FIVG, NXTG, WUGI
Self Driving EV: IDRV, DRIV, MOTO
Gaming/Esports: NERD, HERO, ESPO, GAMR, SOCL
Casinos/Gambling: BETZ, BJK
Online Retail: IBUY, EBIZ, ONLN, CLIX, GBUY, BUYZ
Utilities: IDU, VPU, FUTY, RYU
Health Care: FHLC, VHT, IYH
Medical Devices and Equipment: IHI, IEHS, XHE

Other Unique ETFs, non-sector based:
CHGX: US Large Cap Fossil Fuel Free ETF
VIRS: Biothreat Strategy ETF


A nice portfolio might look something like this:
20% - Broad market US fund such as QQQ, VOO or IWF
20% - VXUS - International
20% - IWM - Small/Mid-cap broad market fund
10% each in four sector funds of your choice
I'm not a financial expert or advisor and this is not financial advice, just an opinion from a random internet person. I do own shares in several, but not all of the funds listed above, including QQQ, IWF, some ARK funds, ICLN, VXUS, etc.
__________________________________________________________________
Edit: In one of my previous edits, I accidentally erased a bunch of the sector funds. Please feel free to comment with your favorite sector funds and let me know if I forgot to add back some that I had before.
submitted by ixamnis to stocks [link] [comments]

Trading futures ruined my life

Hi,

I have just suffered the greatest loss in my life, and I don't know how to handle it. Here's some backstory:
I'm a student, and I have been investing in cryptocurrencies and stocks for the past 3 years. Investing was going very well for me; I had saved up money from part-time work during university, and I had accumulated a fair portfolio of cryptocurrencies and stocks. At one point, I had about 0.6BTC, and I had about £2k in a wide portfolio of stocks.

At the end of last year, I was invited to a Christmas night-out at a casino with my then work colleagues. I always had a negative opinion of gambling, with my mother being heavily addicted to scratch cards, lotteries, and occasional casino gaming. I told myself "I'll spend this £50 I have lying around in my wallet, and that'll be it." and then I had a few drinks, provided by my workplace. I'm sure you know how that ended, since I am sure that every gambler begins like this. I lost the £50, and ended up sinking £100 more trying to gain it back. I was devastated and in tears, a rather embarrassing moment.
I eventually had to quit my job, since I was going home for the summer to see my mum.

Over the next 2 months, I would end up gambling away £1000 in cash online. It started with small bets (£10, 20, etc.) which exponentially grew as I tried to get each deposit back. I decided that the damage was done, and quit it there, deep into my overdraft. Then I got an email from a betting site, saying I had a £1 free bet waiting for me. I ended up turning that into £1600, and left at a profit, never to look back at gambling again...

...UNTIL!

Altcoins had a strong boom in the middle of this year post-lockdown. I saw this as an opportunity to move some of my investments around. I had put in a few more thousand that I had saved up into one altcoin, and I rode that altcoin up to an equivalent 0.6BTC, with the intent of reaching my goal of owning 1BTC, and never looking at my cryptocurrencies again. I ended up holding this altcoin (hoping it would reach 1BTC) until I was left with £1000. This was devastating. I ended up accepting the loss, and carried on holding this coin for a few more months.

At the same time, I had run out of money. My student loan had finished, I had no income, and I was living off my overdraft again. I had to sell all of my stocks, some of which I had bought right after the market crashed in March, which would've got me sizeable returns had I held them to this day. I however, needed to eat.

I then decided to diversify the £1000 I had left in cryptocurrencies into a few different coins, to try and minimise my exposure to risk. I eventually got impatient, and I saw a bunch of people talking about the futures markets, and I eventually found myself in a Telegram group chat, promising to drop futures trades. These people were posting 70% returns within the space of 10 minutes of these predictions being out. I was bewildered, and I thought "this must be less risky than gambling, seeing as so many of these people are making such extreme returns from the futures market."
Of course, being in this state of desperation, I decided to risk the £1000 I had left, to try and gain my 0.6BTC back. This did not last long. I had lost all of my cryptocurrency holdings on the futures market. That's 3 years of savings and work gone down the pan in the matter of days. The loss is of course, also psychological. Who knows how far those holdings might have taken me in the future if I had sold for 0.6BTC, or if I had not sold my shares?

I then ended up trading away my overdraft, trying to get my money back. I am mentally drained, heartbroken, and in debt. I am also very worried that the feelings I feel will get worse as the prices of the assets increase over time. I can't pay my rent, and I can't afford to eat. I can't look my mum in the eye, and I can't bear to tell her what's happened, since she is not that understanding. I also have friends who know I was investing, and the shame I would feel if they found out I gambled everything away would break me, it makes me want to vomit just thinking about it.
I'm now trying to get another job, and some internship/spring week placements, but I am only getting rejections, which just makes me feel even more worthless.

Thanks for reading. Any questions, advice, or comments are more than welcome.
submitted by Motor_Firefighter_14 to GamblingAddiction [link] [comments]

What's the probability of this happening?

Ok 0-99 is the range. Each roll is supposed to be completely random. If I am playing with probability of 95 or win percentage of 95% so I am betting each roll that the number will land between 5 and 99 I win but if it lands on 0-4 I lose.
I make 8 bets and out of those 8 I end up losing 4 times. Looks like this. 1 bet - Lose Roll is a 3 2 bet - Win Roll 25 3 bet - Win Roll 96 4 bet - Lose Roll 2 5 bet - Win Roll 60 6 bet - Win Roll 67 7 bet - Lose Roll 4 8 bet - Lose Roll 4
To me it seems the odds of this happening are impossible but I cant figure out the exact odds or percentage of this happening. I tried doing the math but all I did was confuse myself more. I got a 0.000625 percent and I'm not sure that's right plus I don't know how to change that into odds like 1 in 10 or 1 in 100.
Could someone please help me with this. I also find it funny that with a 95% chance of winning that on top of losing half my rolls I also lost the last two rolls both having the exact same outcome of 4.
I will also add that this occured when I raised my bet from 20 to 100. What a coincidence hey that right when I raise my bet really high the impossible happens.
Thanks in advance for your help.
submitted by ScorpioKingston to probabilitytheory [link] [comments]

DraftKings (NASDAQ: DKNG) - Deep Dive Research - Part 1

TL:DR
Hello, welcome to my first deep dive write up.
My name’s Mark and I’m an accountant with a passion for investing. About two years ago, I used to work as an auditor at a public accounting firm and have been behind the scenes at many different publicly traded and privately held companies in the U.S. My goal is to bring my unique perspective from that past experience, my current experience working in a new role at a large corporation, and my understanding of accounting to help break down some of the most exciting growth stocks on the market today.
I’m a long-term investor. I am focused on finding great companies and holding them for a long time. I’m willing to endure volatility, crazy price drops, and everything that comes with this approach as long as the facts that led me to originally invest and believe in that company have not changed. If you want to learn more about this approach. I recommend reading the book “100 Baggers” by Chris Mayer.
Introduction
I think it’s fitting that my first stock pick has to do with sports. Sports has been a part of my life since I could walk at the age of 2. First with baseball and soccer, and then later in my childhood with golf. I’ve always played American football and basketball for fun as well and have always been an avid fan of all the major sports in the US.
I started playing fantasy sports (mostly just fantasy football) about 6 years ago and have always enjoyed it. Traditionally, with fantasy football you draft a team at the beginning of the year and those are your players for the rest of the season. If you have a bad draft, oh well. You can try to improve your team with trades and free agent additions but it is tough. Leagues usually consist of 10-14 teams (each managed by an individual) and there’s obviously only one winner at the end of the season (about 4 months after the draft). This can lead to the managers of the lower performing teams losing interest as the season wanes on. I believe DraftKings’ (DK) founders saw this issue and saw an opportunity. Enter, daily fantasy sports. Now, with the DK platform you can draft a new team every week. Or if you want, every day. This allows fans of fantasy sports to engage at whichever point of the season they want and at varying financial stakes.
The Thesis Statement
For every stock pick I make, I want to provide a quick thesis statement that can serve as a reminder for why I’m buying and holding that stock for the long term. I’ll always aim to make it just a few sentences long so it can easily be remembered and internalized. This helps during times when the price may sporadically drop and you need to remember why you’re holding this position.
The thesis statement I have come up with for DK is as follows:
“DraftKings: The leader in allowing fans to engage financially with their favorite sports, teams, and players. Having money at stake makes the game a lot more interesting to watch. The era of daily fantasy sports games, online sports betting, and online betting (outside of sports), is just getting started and DK is as well positioned (or better positioned) than anyone to capitalize off of this trend.”
Notice how I said “allowing fans to engage financially” as the first sentence and not necessarily “allowing fans to gamble”. There’s a reason for that. According to US Federal Law, Daily Fantasy Sports (DFS) contests have specifically been exempted from the prohibitions of the Unlawful Internet Gambling Enforcement Act (UIGEA). DK has always been, and I believe will continue to be DFS contests 1st, sports betting 2nd, and other forms of gambling/entertainment 3rd. It is noteworthy that states at an individual level can still deem DFS contests illegal if they so wish, but as of this writing (11/26/20), 43 of the 50 US States allow DFS contests and DK, accordingly, is offering DFS contests in all 43 of those US States.
I’ll try to clarify the difference between DFS contests and sports betting real quick:
DFS Contest – Pay a pre-set entry fee to enter a contest. All entry fees go towards “The Pot”. “Draft” 9 players to be on your “Team” for 1 week. Enter your “Roster” into a contest with other players (could range from 1 other person to 1,000s of people, the DK user can choose). Whichever “Roster” amasses the most points for that week out of all contestants wins. The winner will get the highest payout, and depending on the nature of the contest, other top finishers will receive smaller payouts as well.
Sports Gambling – Team A is considered a 10 point favorite to defeat Team B. This means that Team A is expected, by the professional gambling line setters, to outscore Team B by 10 points. This is known as a point spread. You can bet on the underdog or the favorite. If you bet on the favorite, they have to win by more than 10 points for you to win the bet. If you bet on the underdog, you will win the bet as long as the underdog keeps the game within less than a 10 point defeat.
These are just a couple simple examples to help you see the difference. Sports Gambling (the 2nd priority of DK) is a very lucrative market just as the DFS contests are. However, in the US, Federal Laws and regulations are a lot stricter on Sports Gambling than they are on DFS. As of this writing (11/27/20), 22 states (including the District of Columbia) out of 51 possible allow sports gambling.
DK is still in the infancy stages of getting their sports gambling business going. In the 22 states where they could potentially operate, they currently have a sports gambling offering in 11 of those states. The sports gambling business model for DK can be broken into two main offerings – mobile sports betting, and retail sports betting. Mobile sports betting means you can place a sports bet online from the comfort of your own home, while retail sports betting means you must go to a casino and place a bet with the sportsbook in person. I personally believe mobile sports betting is the real potential cash cow for DK out of the two types of sports betting offerings due to the convenience and ease of access. DK is currently working on and encouraging customers to lobby their state lawmakers to legalize sports gambling in more states.
How DK makes money
At the very least, before you invest in a company, you better understand how they make money. In Chris Mayers’ excellent book, 100 Baggers, that I mentioned above, he continually references top line revenue growth as one of the main common indicators of a possible 100 Bagger. This isn’t to tell you that any stock I pick will be a 100 Bagger just because it has great top line revenue growth, but if I am looking at a growth stock to hold for the long term, revenue growth is one of the first things I look at.
For DK, their means of making money is quite simple. I already went into detail above about DFS Contests and Sports Gambling. In DK’s latest 10-Q filing with the SEC (filed 11/13/20), revenue is broken out into two main streams: Online Gaming and Gaming Software.
Online Gaming (82% of Total Revenue for 9 months ended 9/30/20):
Online gaming is the true core business of DK and includes the aforementioned DFS Contests, Sports Gambling and additional gambling (non-sports) opportunities. DK refers to their additional gambling (non-sports) as “iGaming” or “online casino”.
For the 9 months ended 9/30/20, Online Gaming revenue totaled $239M, up 30% YoY from $184M in the same prior year period. Keep in mind, that this is an increase that happened during a COVID-19 global pandemic that delayed and shortened many professional sports seasons.
Online gaming revenue is earned in a few ways that are slightly different, but very similar overall. In order to enter a DFS contest, a customer must pay an entry fee. DFS revenue is generated from these entry fees collected, net of prize payouts and customer incentives awarded to users. In order to place a sports bet (sports gambling), a customer places a wager with a DK Sportsbook. The DK Sportsbook sets odds for each wager that builds in a theoretical margin allowing DK to profit. Sports gambling revenue is generated from wagers collected from customers, net of payouts and incentives awarded to winning customers. The last form of online gaming revenue is earned in similar fashion to a land-based casino, offering online versions of casino games such as blackjack, roulette, and slot machines.
Gaming Software (18% of Total Revenue for 9 months ended 9/30/20):
While the Online Gaming revenue stream mentioned above is a Business to Consumer (B2C) model, the Gaming Software revenue stream is a Business to Business (B2B) model. The Gaming Software side of the business was born out of the acquisition of SBTech, a company from the Isle of Man (near the UK) founded in 2007 that has 12+ years of experience providing online sports betting platforms to clients all over the world. The acquisition occurred as part of the SPAC driven IPO in April of 2020 that combined “the old DK company” with SBTech so that they now are “the new DK company” listed as DKNG on the NASDAQ. SBTech is a far more important part of the story than just being 18% of today’s revenue. The reason for this is because DK will eventually (planned mid-late 2021) be migrating all of their DFS and gambling offerings onto SBTech’s online platforms. Currently, for DFS, DK uses their own proprietary platform but that will move to SBTech with the migration. Currently, for online gambling, DK uses Kambi, the same online gambling platform that services Penn Gaming (PENN), a DK rival. But that’s enough about the software migration for now, back to the Gaming Software revenue.
The Gaming Software revenue stream for DK is essentially a continuation of SBTechs’ B2B business model. DK contracts with business customers to provide sports and casino betting software solutions. DK typically enters two different type of arrangements with B2B customers when selling the gaming software:
  1. Direct Customer Contract Revenue: In this type of transaction, the software is sold directly to a business (casino for example) that wants to use the software for their own gambling operations. This revenue is generally calculated as a percentage of the wagering revenue generated by the business customer using DK’s software and is recognized in the periods in which those wagering and related activities conclude.
  2. Reseller Arrangement Revenue: In this type of transaction, DK provides distributors with the right to resell DK’s software-as-a-service offering to their clients, using their own infrastructure. In reseller arrangements, revenue is generally calculated via a fixed monthly fee and an additional monthly fee which varies based on the number of gaming operators to whom each reseller sub-licenses DK’s software.
As mentioned above, SBTech was an international company based in the Isle of Man before being acquired by DK. Thus, the majority of their business in their first 12 years of operating independently has always been international and outside of the United States. This has helped DK, which has historically been US focused, expand it’s international reach.
A perfect example of expanding this international reach occurred recently during October (technically Q4) in which DK’s B2B technology (powered by SBTech) helped enable the launch of “PalaceBet”, a new mobile and online sportsbook offering from Peermont, a South Africa based resort and casino company. The deal was headed by DK’s new Chief International Officer, Shay Berka, who previously spent 10 years working for SBTech as CFO and General Manager. Mr. Berka took on the role of DK’s Chief International Officer upon the merger in April earlier this year. I think this deal shows that DK has integrated SBTech and it’s business very well into the larger business as a whole. They are not wasting any time using their newly acquired resources to expand their reach and bring in new sources of revenue.
This is the end of my first article about DK. My goal is to drop Part 2 later this week. The focus of Part 2 will be an in depth answer of the question – “Can we 10x from here?”
Disclosure: I am/we are long DKNG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
submitted by Historical-Comment36 to SecurityAnalysis [link] [comments]

TheBestMoments TOP5 Biggest Wins #44 Super Mega Win How to Play Keno Online - OnlineCasinoAdvice.com - YouTube Online Casino Advice - YouTube Trade Like a Casino for Consistent Profits by Adam Khoo ... TheBestMoments  TOP5 Biggest Wins #45 Super Mega Win Online Casino Gambling w Software Streaming LIVE - Free ... Top Online Casino Bonus Offers TheBestMoments  TOP5 Biggest Wins #47 Super Mega Win Slot Machines - How to Win and How They Work - YouTube

Online Casino Advice hat das weltgrößte Onlinecasino Repertoire, inklusive profesionellen Onlinecasinoguides, Seitenreviews und exklusiven Bonuscodes. Schau dich bei uns in der Liste um und finde das für dich beste Casino. Willkommensbonus €300. Besuchen Besuchen. 50 Freispiele bei Registrierung. Besuchen Besuchen. 100% Bonus bis zu €100. Besuchen Besuchen. Aber was wären ... Online Casino Reviews Software Reviews Banking Guide Blacklisted Casinos Casino News. Strategy & Tips. Tag Archive: online casino advice. The Little Gambler Who Could. February 20, 2017 6:09 pm. You've read every piece of strategy; listened to every word of advice; and played the tables... Read More . Playing Craps Online. January 1, 2017 3:12 am. The first thing people need to remember when ... Besten casino Deutschlands Spielcasino bad lauterberg im harz das sollte auch mal ans Licht kommen, Pop slots tricks informieren Sie sich in einem Brotbackautomat Test, Sie werden es auf AliExpress sicher finden. Bester online spielautomaten bonus Oft finden sich dazu Videos im Internet vor, big cash casino rezension und spielcasino bad lauterberg im harz deren Intensität und die damit ... Online Roulette wurde deswegen so populär, weil es viel weniger Kosten bei Spielern und Betreibern verursacht, ohne die Gewinne reduzieren zu müssen. Ein Grund dafür ist zum Beispiel, dass die Spieler keine lange Anreise an ein Casino in Kauf nehmen müssen und die Unterkunft in einem Hotel bezahlen müssen. Online Casino Advice. Mythen und Irrtümer über Online Casino Spielautomaten könnten ein ganzes Buch füllen! Lass mich also mit der Erklärung beginnen, warum ich diesem Artikel mehr traue, als dem, was man sonst wo findet und liest: Ich nutze die absolut besten Quellen, wie zum Beispiel tatsächliche Slots Anleitungen und Informationen von den Herstellern der Online Casino Automatenspiele ... An online casino’s reliability will often be assessed by the gaming platform it utilizes. For the best online gambling experience, look for Microgaming based casinos when you begin your search. Find the Right Game for You. To have the best online gambling experience, the next step in our journey is to find some games to play that you will enjoy. Online casinos will list the games they have ... Online Gambling Tips - Ultimate advice for winning at online casino games. Learn the simple tricks required to stretch your bankroll further and win more. "We work hard to ensure that our readers find the best gambling sites out there, not just those that offer a great bonus, but those that offer a fun, safe and rewarding experience for players." – Isaac Taylor - Senior Editor. Home » Top ... Zalety Online Casino Advice. Tysiące kasyn działają w Internecie. Poszukiwanie najbardziej niezawodnych, oferujących najkorzystniejsze warunki, zajmie bardzo dużo czasu! Ponadto nie możemy zapominać o ryzyku uruchomienia usług niskiej jakości: opóźnień w wycofywaniu wygranych, długotrwałego przetwarzania aplikacji z pomocą techniczną, nielicencjonowanego oprogramowania, braku ... Online Casino Advice bietet die umfangreichste Sammlung von Informationen über Online-Casinos und andere Gambling Seiten im Internet. Menu. Homepage; Homepage ; Home Casinospiele. Online-Casinos gibt es schon seit den frühen Anfängen des Internets. Viele Menschen bevorzugen das Online-Casino gegenüber einem Besuch in einem echten Casino, weil sie von zuhause aus spielen können, die ... Online Casino Reviews Software Reviews Banking Guide Blacklisted Casinos Casino News. Strategy & Tips. Category Archive: Casino Advice. Win Big with Mr Green’s Mega Jackpots Prize Draw. May 1, 2019 6:09 pm. It's back! After nearly a year, the wildly popular Mega Jackpots Power Prize Draw has returned... Read More . Choosing Where to Play. November 9, 2017 9:39 am. There are a lot of online ...

[index] [27135] [17978] [29265] [19426] [4134] [28543] [10653] [7045] [3318] [4740]

TheBestMoments TOP5 Biggest Wins #44 Super Mega Win

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Slot machine video from casino expert Steve Bourie that teaches you the insider secrets to winning at slot machines and how a slot machine really works. Also... If you are looking for help, advice or support in relation to your gambling, ... Casino and Slots 2.0 212,846 views. 13:06. Super Stake Sunday Slot Spectacular - Duration: 1:37:36. The Bandit's ... Online Casino Deutsch Slots - Ring of Odin, Midas Golden Touch, Ramses Book, ... A old man's advice - Duration: 10:20. Bernard Albertson Recommended for you. 10:20. Don't Talk to the Police ... #Casinocommunity #twitchstreamers #streamer #biggestwins #slots #casino #onlinecasino #slotmachines #onlinegambling #freespins #Bigwin #casinogames Category Entertainment Online Casino Gambling w Software Streaming LIVE - Free Script ... Tyson Fury gives Anthony Joshua words of advice in classic 2013 The Gloves are Off! - Duration: 48:27. Sky Sports Boxing ... In the stock market, there are 'gamblers' and there are 'casinos'. Gamblers depend on luck to make money and would eventually lose it all, because the game i... http://www.onlinecasinoadvice.com - Quick video tutorial on how to play keno online. In our short guide we'll give you a glimpse to the rules and gameplay of... If you are looking for help, advice or support in relation to your gambling, ... TheBestMoments - Casino and Slots 2.0 214,633 views. 13:06. Top 10 Slot Wins of June 2019 - Duration: 19:47 ... Top Online Casino Bonus Offers CNN tees. Loading... Unsubscribe from CNN tees? ... An old mans advice. - Duration: 5:54. Bernard Albertson Recommended for you. 5:54. The Most Ridiculous Moments On ...

https://bitcoincasinojackpotslots.gain-mining.website