In my opinion, there is no such thing as intelligent gambling. I also do not believe in the conceit that if you play long or smart enough you will win. The odds in the casino are against you. The longer you play or bet, the more sure you can be to lose. That’s my personal opinion.
Just simply take a good look around in the casino. There are a lot of people having fun, drinking and smiling at the tables. But there are never lines whatsoever at the cashier to cash in the winnings.
According to the American Gaming Association, gambling in the U.S. reached a record high last year as casinos and betting apps generated more than $60 billion in gambling revenues. This is a stunning 14% increase from the previous record of $53 billion set in 2021. So, there win is the gamblers loss!
Gamblers with their losses are paying for all those glittering towers. So, don’t be one of them. The smart move is to be the owner of a casino and not the casino gambler.
But few people have hundreds of millions or billions of dollars spare that are necessary to open and run a fabulous casino. But that’s not an obstacle. You can simply buy some shares in a successful gaming company. Here are just a few examples: since the market bottom in March 2009, Century Casinos (Nasdaq: CNTY) is up 381%, Penn Entertainment (Nasdaq: PENN) is up 487%, MGM Resorts (NYSE: MGM) is up 1,334% and Las Vegas Sands (NYSE: LVS) is up 3,858%. These are all stunning numbers!
Just make sure you are on the right side of the game: Make sure you are the owner of the casino and not the gambler in it.
Sven Franssen