What's the Best Way to Make Money in Gambling?

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Yeah if you -- -- as you know it's vice -- here on fox business and you don't have to go to Las Vegas or Atlantic City the gavel away all your money that anymore.

Gambling resort to popping up all over the United States in some states even allow you to do it from your own home joining us now Jack -- Jeff first the first question can the average person even make money gambling.

Depends what kind of gambling I guess you're talking about in general the average person cannot make money -- -- that things that they're legalizing.

Casino games like relax or blackjack her -- the average person cannot make money doing that because it was it it's a game where -- Casino has an inherent advantage over the person.

But but it is it just -- isn't it more than just that advantage because you know I always -- people do go to Atlantic City tonight at 2 in the morning.

Everyone getting on their -- at one point they were up at some point they were beating the odds.

And now of course -- what lab broken had to borrow -- few bucks to get on the bus.

Yeah no I mean that the odds are against them for sure I mean -- the other things -- -- thing about legalizing IE.

Poker I think people can make money on because that's not just.

Inherent advantage -- after playing against other people and as you would say other suckers but.

Indicates you know casino gaming which is like the craps in the rear -- and those that things now you can't really make money anatomy and we made money.

Because we count the -- and blackjack but it's hard to say whether in the online gaming gambling world whether it'd be able to count cards are not.

So just how do we make money I mean this is the bonuses and absolutely -- mind boggling American bloom global bloom we know there's a lot of money to remain how it's all watching this show benefit from it.

Yeah I mean I think you have to look a lot of the gambling stocks right now certainly is a company like Caesars is well prepared -- and -- -- -- -- And New Jersey which have a good foothold which probably will have an advantage.

There's also some online stocks like B win which owns.

Party poker and has a lot of experience I think -- probably one of the companies that will benefit the most.

If we legalize in the US because.

There well prepared a lot of these casino stocks I think are not going to be quite as prepared to take advantage of online gambling as potentially -- Caesars now uninteresting company.

That table and talking about is -- -- -- -- -- well actually benefit from this everyone knows they're down and they need.

To come up with something they've applied for gaming -- and Nevada.

And maybe they'll be in a good position to do it but I would say that they're not because the DNA that they have.

And creating social games like farm bill is very different than the DNA you need to create a casino game.

But they do have some sort of first mover advantage before I let you go Jeff all -- stocks that we just talked about do you own any of them.

No I do not you do not is that a bad bet they'll let that.

Outlook it and I I don't policy let's say what about you can't talk about -- I mean that's like the new gambling -- of the world I happened and likely Las Vegas Sands and -- in my subscribers are and that's not those thoughts rather.

Do you do you not like it or or that overplayed.

Macau and I think it's a little bit overplayed now in terms of you know the the value of its -- into those stocks for sure I mean I think.

It's obviously become like the hot bed and -- Vegas in terms of importance in terms of gambling revenue.

But I think you know when you look at stocks which are doing is you're looking for opportunities for for tremendous growth where other people don't see -- they are looking to expose things that other people are saying and I think that understanding what's gonna happen with -- online gambling trend in the US is where you might find some of the jabs.

-- in before let's go on this online gambling trend.

Could this be our biggest killer I mean listen we know that the illegal -- gaming has popped up in a whole lot of states announced on line.

And we go to Los Vegas has suffered could this be sort of the final nail in the -- coffin -- Los Vegas.

Now lastly not I mean maybe think about what's happening in Vegas in the last you know say.

Fifteen to ten to fifteen years it's become a lot more than gambling it's become shows it's become.

You know dinners it's become clubs and you know dot the last few years they've had more revenue from non gambling -- they've -- from gambling.

So -- -- is -- is going to be a destination it always reinvents itself obviously it's seen a lot of trouble in the last few years but I don't think online gambling the experience of it.

Is anything like -- experience of going to Vegas and actually enjoying yourself there.

I love the experience in Vegas about -- -- got to take the pachinko out of the stalled toilets hello I don't.

I don't wanna gavel open a newspaper never take everything else -- makes -- lot -- presented.

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What's the Best Way to Make Money in Gambling?

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