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Sports Betting and Investing – Similarities and Differences

Published

2 years ago

5 minute read

Thanks to the growing popularity of sports betting in many counties around the world, many people have started wagering about the sport they like. Even countries where gambling has never been that big started regulating the industry and keeping an eye on the operators that are available in their jurisdiction.

While talking about gambling operators, people often rely on in-depth analyses to choose a brand they like. Luckily, the bookmaker reviews at Efirbet are trustworthy, honest, and transparent, meaning people can rely on them when deciding which company to wager on. Some will offer more things than others, but this doesn’t mean they are better because quality is more important than quantity.

Speaking of sports betting, some people are interested in it because they think it is some sort of investment. We’d like to address the elephant in the room and say that online sports betting is definitely NOT an investment. On the contrary, it is very risky, so gamblers have to be responsible and only wager with small amounts of money.

Nevertheless, there are some similarities between sports betting and investing, and in this article, we will learn more about them.

Risk and Reward

Starting with the obvious thing about sports betting and investing, when talking about both things, we have to say that they are risky. Even though some people may consider sports betting to be riskier, it usually depends on what kind of investment we’re talking about. People who use mutual funds and are interested in bonds are not risking as much as those who use all of their money on crypto.

Aside from the risk, sports betting and investing can also be rewarding. Bettors feel really good when they win something after predicting their bets. Of course, the same applies to investors, especially those that focus on the stock market.

In other words, the risk and reward factors are there for sports betting and investing, so you have to be prepared. Some people will say that in the investing vs gambling battle, the latter is riskier, and it might be true, but it all depends on the asset the investor is focusing on.

You need to research and know what you’re doing

The second big similarity between sports betting and investing is related to research. Regardless of whether you want to place bets on a specific sport or try some of the best casino games in the world, you need to learn more about those things. Aside from choosing the best gambling website, you must check the different payment solutions, bonuses, exclusive features, and more.

Speaking of research, everyone who is interested in investing in something has to do the same. In fact, some of the most successful investors will spend countless hours researching the companies and operators they want to put their money in. Even though the process is definitely more complicated than the one for sports betting, there are some similarities because people need to look for more information before deciding what to do.

Once they have all of the information they need, the next step is to place that bet or invest a specific sum into something.

Managing your bankroll

Even though this is related to the first thing mentioned in this article, another similarity between sports betting and investing is that people need to manage their bankroll. Regarding online gambling, punters must pay close attention to the amount they spend on sports betting and casino games, as well as whether they use too much money on bonuses.

Of course, investors also have to keep track of how much money they use. Those who “invest” into all sorts of things using all the resources they have are often called speculators and for a good reason.

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The bizarre story of Taro Tsujimoto

Published on March 28, 2025

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The National Hockey League (NHL) has seen its fair share of strange moments, but few compare to the bizarre and hilarious tale of Taro Tsujimoto, a player who never existed. His “selection” in the 1974 NHL Draft remains one of the most legendary pranks in hockey history. If you want to wager on actual players, making the 1xBet app download is definitely a great idea.

In the 1970s, the NHL Draft was a much less glamorous event than today. It was a tedious process conducted over the phone, with teams calling in their picks. The 3 biggest highlights of what happened during that year’s draft were:

  • the draft dragged on for hours;
  • there were multiple rounds and teams selecting unknown prospects from obscure leagues;
  • frustrated with the monotony, Buffalo Sabres general manager Punch Imlach decided to have a little fun.

As the 11th round approached, Imlach instructed his team’s representative to draft Taro Tsujimoto, a supposed forward from the Tokyo Katanas of the Japan Ice Hockey League. The name sounded authentic enough. The league officials, unfamiliar with Japanese hockey, accepted the pick without question. By downloading the 1xBet app you will also be able to wager on great NHL teams too.

A small problem

There was a small problem with all of this, as 2 things didn’t exist: Tsujimoto and the Tokyo Katanas. Imlach had completely fabricated the player as a joke, taking advantage of the NHL’s lack of verification. When it comes to NHL wagers, there is no better platform than the 1xBet Canada site.

For weeks, the league listed Tsujimoto as an official draft pick, and even some newspapers reported on Buffalo’s mysterious new Japanese prospect. Eventually, the Sabres admitted the hoax, and the NHL was forced to retroactively erase the selection from its records.

Despite being a fictional player, Taro Tsujimoto took on a life of his own. Buffalo Sabres fans embraced the prank, and over the years, his name has become a cult legend in hockey culture. Some fans even wore jerseys with “Tsujimoto” on the back. The joke persisted so much that when EA Sports released NHL video games, players could occasionally find Tsujimoto in the game’s draft pool as a hidden Easter egg.

More than just a prank, the story of Taro Tsujimoto highlights 2 things: the quirks of old-school sports management and the creativity of one of hockey’s most colorful executives. Today, with the draft process being highly scrutinized and broadcast live, such a prank would be impossible. But Tsujimoto’s legacy lives on as one of hockey’s greatest inside jokes. What is not a joke are the great rewards that a platform like the Canadian 1xBet site can give you.

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60% of Canadians gamble each month – why the industry is going from strength to strength

Published on March 26, 2025

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When it comes to regulating gambling, Canada has a somewhat relaxed approach. The Canadian Gaming Association oversees the industry, but it’s up to individual provinces to enact and enforce any laws relating to online casino gaming, sports betting, traditional casino gaming, and other forms of gambling.

Canada’s online casino gaming laws are not totally clear, but individual provinces are starting to put this right. Ontario was the first and did so when it launched its own regulated igaming market in April 2022. Now some other provinces have followed suit, creating a safer igaming environment for players in those provinces. Below is a look at gambling in Canada compared to other parts of the world, at gaming laws in Alberta compared to other provinces, and at the future of the Canadian, US, and UK gambling industries.

Canada: a forever love of gambling

Gambling in some form or other has always been popular in Canada. Way back in the 1990s, research found six in ten Canadians (60%) gambled every month. Additionally, four in ten (43%) spent between 1 and 20 Canadian dollars on gambling. Fast forward to today and the Canadian gambling market is worth 14.2 billion US dollars as of January 2024, according to data on the website of consumer and market data company Statista.

It seems Canada enjoys wagering just as much as two other countries that love a gamble: the US and the UK. Data on the Statista website shows that 49% of US adults took part in gambling activities in 2023. Fifty-six percent said their attitude towards gambling had relaxed, compared to the 50% of 2019.

The UK returned similar stats for the same year. Forty-eight percent of adults reported engaging in gambling activity. Online casinos generated the most gross gambling yield in 2023, but it was the nation’s National Lottery that people played the most.

 

Alberta: following Ontario’s lead

The regulatory developments in Ontario have triggered movement in Alberta. In May 2024, Bill 16, the Red Tape Reduction Amendment Act, made it through the process and later received Royal Assent to become law. The act removes the monopoly of gaming by a single government entity and will allow private operators, licensed by Alberta’s provincial regulator, to provide online gaming services in Alberta, meaning players will have a choice of more than one Alberta online casino to play at.

The regulation transforms Alberta into one of the more liberal provinces when it comes to online gambling, others being Quebec, Ontario, and British Columbia.

Several provinces, such as Novia Scotia and Northwest Territories, have no provincially regulated online gaming sites. Some also restrict betting on horse racing and/or other types of sports betting, obliging citizens to use international betting sites for freedom from caps and betting on as many events as they wish.

What lies ahead for the Canadian, US, and UK gambling industries?

Canada’s appetite for gambling is clear, and the industry’s online sector is beginning to thrive. Ontario has enjoyed vast success by creating its own regulated market, one which, in just its first year, saw Canadians place billions in wagers and the industry itself generate more than a billion in total gaming revenue.

Canada can expect to see other provinces follow Ontario’s lead and allow private operators to provide services in the province under license. The purpose of the regulation is player protection. Any province that develops a regulated market will focus on this, so there will also be regulations around the advertising of gambling services.

The US

Gambling online is the future for the US, too, although states are slow to legalize it. As of September 2024, 38 states had legalized sports betting, following the US Supreme Court’s ruling that states could regulate sports gambling directly.

Despite allowing sports betting, some states only permit in-person betting, and only a few states allow online casino gaming. Operators believe online casino gaming is the future of gambling.

The UK

In the UK, the use of artificial intelligence (AI) will get bigger and bigger. Companies have realized AI can enhance players’ experience and are embracing it more and more. For instance, sports betting websites can use it to crunch data and provide iGamers with stats and other data to make better betting decisions. They’re also understanding they can use AI to prioritize content players are likely to be interested in and to personalize their offerings and services to players’ preferences.

Canada enjoys gambling as much as America and the UK. Although laws around igaming are more of a grey area in Canada, some provinces are clearing the issue up by creating regulated markets and experiencing great success. As time goes by, more are sure to follow.

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