Make Money from Poker without Playing a Hand
Poker is a multi-billion dollar industry that has found ways to grow despite setbacks such as the UIGEA which cut off almost all of the US market. We are no experts in trading, but we have put together an ABC of trading including tips on how to interpret the info available on gambling stock on the Internet, what to take into account when investing and a collection of highlights of the main online gambling companies and their stock. If you decide to go into trading, please make sure you do your homework and consult with a professional whenever possible.
For those who do not know the first thing about trading, here are some basics. Stock exchanges are brick-and-mortar or online markets where companies and traders buy and sell their stock. Some stock exchanges are still operated by experts on the trade floor, the New York Stock Exchange (NYSE) being a good example of this; others, like the NASDAQ, are entirely virtual, meaning all exchanges take place electronically. Both of these exchanges are "listed," meaning that they only trade with pre-approved stocks already in their list.
Trading works based on the auction principle, i.e. something will sell for the highest amount someone will pay for it, and someone will buy for as little as they can. In the trading floor or the virtual exchange potential buyers offer as much as they are willing to pay and potential sellers ask for the price they want to sell at. If there is a match, a sale will take place. If someone is very eager to buy or sell, they will do so at market, meaning they will accept any price.
In the US anyone can buy stock as an investment, but you cannot just walk up to the stock exchange and order six of this and half a dozen of the other, you must place your order through a professional broker. World Poker Tour stock (WPTE) at its current price of $1.96, but it can be a bit more forbidding if you're thinking of Cryptologic stock, which is selling for $19. Then there is more established stock, such as Party Gaming's, which is available in the London Stock exchange for 29.95 British pounds and you'll have to reach deep in your pockets if you want to buy some of Harrah's stock which is priced at almost $89 per unit.
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