Sports betting vs. the stock market: Which is riskier?

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But don’t let those similarities fool you. People often invest in funds that buy dozens or even hundreds of stocks, which helps reduce the risk.

CNNMoney (New York) First published August 31, 2014: 8:14 AM ET

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And investors have greater access to tools that can minimize the risk of losing money. And of course, they both hate to lose. The stock might go up and down some, but it typically doesn’t go to zero.

In the long run, investors have the chance to make more money because there are fewer downside risks.

Those are pretty good odds.

The same can’t be said for those who bet big on the Denver Broncos last Super Bowl. He asked for his identity to be withheld due to legal concerns.

To put it another way, the stock market is a lot more forgiving than the MGM Grand (let alone your local sports bookie). It’s easy to see why fans may be tempted to gamble on their favorite teams and athletes.

“Betting is more difficult and riskier,” said one resident of Hoboken, New Jersey, who bets on illegal gambling sites and also invests in stocks. Which casino in Atlantic City, Las Vegas or Macau pays the bettor 73% of the time?” said Sam Stovall, chief investment strategist at S&P Capital IQ.

That’s the percentage of time that Stovall’s research shows the S&P 500 — the gold standard in the stock market — has increased in value during the years since 1926.

“A lot of people regard investing as gambling, but I frequently say no.

Such hedging tools are not as readily or even feasible to sports gamblers, Fine said.

All or nothing: Gambling on sports tends to be a zero-sum game.

But take it from one person who has lots of experience in both worlds.

Related: 4 reasons September could be good for stocks

The betting appeal: Americans bet an estimated $380 billion each year on sports. While many stocks offer steady returns, investors sometimes hit the jackpot (think: buying Apple back in early 2009 or Tesla in 2012).

A stock can theoretically be held onto for an infinite amount of time, but a sports bet can end in the blink of an eye. And in neither instance can you be guaranteed to be correct,” said Randall Fine, managing director of The Fine Point Group, one of the casino industry’s largest consulting firms. Gambling on sports may be more fun, but it’s definitely a more risky use of money than putting it in the stock market. For example, a stop-loss order instructs a broker to dump a stock when it tumbles below a specific price. A bettor gambling on the Green Bay Packers will instantly lose his or her entire $500 bet if Aaron Rodgers and his teammates fail to win or cover the spread.

Related: How $2 billion Clippers bet could pay off

Gamblers and investors also have far different time horizons.

Related: Apple and 9 other stocks hit new records

Investors also have the ability to spread their money out among many stocks.

Manning is really, really good at what he does for a living.

“You can hold onto your betting tickets all your life, but you’re not going to get squat,” said Stovall. Gambling on football star Peyton Manning to win might seem like a safe bet, especially compared with picking winners in the stock market.

At the same time, investing in stocks actually carries higher upside potential.

“A large, steady company has a low chance of plummeting and causing you to lose all your money, but even Peyton Manning doesn’t cover the spread sometimes,” he said.

Even the unlucky investors who jumped into the market at its peak in October 2007 eventually made their money back when stocks reclaimed their pre-recession levels in 2013.

“You’re making a wager based on some facts and some intuitions.

However, someone sinking $500 into Apple stock has little risk of losing that entire initial investment, especially in the short term. Heck, even his commercials are funny.

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Cantor Gaming Announces In-Running Wagering for The NFL Season

The NFL

season is immensely popular with sports betters and we’re excited to

extend our product offerings to The Venetian and Palazzo.”

Full Game Money Line

Full Game Point Line

Full Game Total, Over/Under

First Half Money Line

First Half Point Line

First Half Total Over/Under

Cantor Gaming is an affiliate of global financial services provider

Cantor Fitzgerald, which has over 60 years of experience and

unparalleled expertise of highly secure real-time financial transaction

processing, management, and execution. Cantor Gaming offers mobile

solutions to the gaming industry as well as developers of proprietary

casino games including XtraOdds Baccarat(TM) and Bonus Roulette(TM). In-Running betting allows wagering on live sporting events throughout

the event.

Mr. With In-Running, customers can place bets during the

game, so fans can have a stake in the action all the way through the

event,” said Lee Amaitis, President and CEO of Cantor Gaming.

About Cantor Gaming

Through Cantor Gaming’s In-Running, wagers also will be accepted on

whether:

. In-Running betting allows

wagering on live sporting events throughout the event. Amaitis added, “In-Running is hugely successful at the M’s Race &

Sports Book. Amaitis said the bets that will be offered through In-Running are:

LAS VEGAS–(BUSINESS WIRE)–Cantor Gaming, an affiliate of the global financial services firm Cantor

Fitzgerald, today announced that its extremely popular “In-Running”

sports betting product will be available at The Venetian, Palazzo and

the M Resort Spa Casino in Las Vegas for the 2009 NFL season, beginning

with Tennessee at Pittsburgh on September 10. In

addition to NFL games, In-Running will be available for select NCAA

football games this season.

The current drive will yield a first down.

The current drive will result in a punt, field goal, touchdown, or an

interception/fumble.

Twenty or more yards will be gained on the next play.

Any field goal attempt will be made or missed.

“The addition of “In-Running” is certainly going to enhance our sports

book offering and be a huge hit with the many sports aficionados who

spend time at our properties,” said Robert Goldstein, president of both

The Venetian and Palazzo Las Vegas. “We are constantly looking for

opportunities to add new and exciting amenities to our overall guest

experience and this is the type of “only in Las Vegas” concept that

helps differentiate The Venetian and Palazzo from other properties on

the Strip, and also demonstrates the true uniqueness of Las Vegas and

why there is no city in America quite like it.”

For more information, visit www.cantorgaming.com

“In-Running is particularly well suited for football because of the

popularity of the game and the huge number of football fans interested

in sports betting. Cantor is

the first company licensed as a manufacturer, distributor, and operator

of a mobile gaming system by the state of Nevada and remains the world

leader. Cantor was also the first company to introduce in-running

wagering in Las Vegas, at the M Resort Spa & Casino’s Race and Sports

Book. We opened the action with the NCAA March Madness Basketball

Tournament, continued throughout the NBA Playoffs, horse racing’s Triple

Crown, and currently offer selected Major League Baseball games.

Mr Click for more