Gambling expert witness
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Gaming & Gambling Expert Witness Listings
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Gaming & Gambling Expert Witness
This field is for validation purposes and should be left unchanged. Voted 1 Expert Witness Provider By: Waves] Plaintiff game creator claims to have spent countless hours and millions of dollars creating the most compelling, fun, and successful social and mobile video games in the world.
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Tennessee Areas of Expertise: I'm a Nightclub and Bar consultant with over twenty years experience opening and operating high volume vegas nightclubs, ultra lounges, pool bars, dive bars, college bars, sports bars, pool bars, restaurant California Areas of Expertise: Leonard Backer Leonard J.
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Wagering on horses is actually a bet against other bettors, because odds are determined by the amount of money bet on each horse.
After taxes and the profit to the race track are deducted from the amount bet on the winning horses — the first, second and third finishers in the race — the remaining money is divided among the people who bet on these horses. But the favorite in each race only wins on an average one-third of the time. In sports betting, a bettor has to put up an additional amount of money beyond the amount bet, which is kept by the "house.
The so-called "point spread," the number of points a bettor has to give in any game — baseball, basketball, football, hockey, etc. Even if a bettor wagers on a winning team, if the team does not win by more points given by the bettor, the bet is a loss for the player. Based on the facts cited above, gambling in general seems like a bad bet, and the gambler is at a disadvantage no matter how smart. Luck, the X-factor, may favor the gambler for a single bet or for a long, but ultimately temporary, run; luck is fickle and unpredictable.
Now, let's look at investing and how it differs from gambling. Investing When you gamble, you own nothing. When you invest in a stock, or a stock index fund , you own a share of the company or companies in which you invested.
If the company is profitable and issues dividends , you benefit financially. If the price of the stock or stocks you own goes up, you can sell at a profit. Although the stock market has fluctuated up and down over the decades, the general trend has been up.