The Prudent Approach to Parlay Betting

Stay the Course
By Alec Bicknese, New York

I see parlay activity continuing to increase, especially as more sports bettors enter the market and online sports gambling is legalized in large states such as California, Texas, and Florida. Given that the online sports betting platform will always win, I’ll stay away from the get-rich-quick mentality of consistently parlaying and focus on the more prudent long-term capital appreciation scheme. The best approach is to allow for the growing parlay losses from the everyday gambler to trickle through to the future profitability of the gambling apps.

Looking Forward

Thoughtful, long-term investors will win over the long haul. Stay the course, invest conservatively and regularly in a low-cost index fund, and don’t let emotion rule your decisions.

By Larry Bonner

Line in the Sand

After 30 years in the trucking industry, specifically as an owner and executive of a "asset-based logistics provider" for retailers and manufacturers, I developed a unique perspective on the state of the economy. While economists rely on backward-looking statistics to determine recessions, my experience with real-time freight volumes provided a "forward-looking" view of the economy.

Recently, I was particularly intrigued by the bankruptcy filing of Yellow, one of the largest less than a truckload (LTL) freight carriers in the country. Surprisingly, this resulted in over 40,000 daily shipments being redirected to other carriers within a week, without any noticeable economic impact on the country. There were no supply-chain shortages, manufacturing slowdowns, or widespread layoffs due to product shortages. In just a matter of days, competitors seamlessly absorbed the infrastructure that previously handled 40,000 daily shipments.

It is impressive to witness how the industry quickly adjusts and absorbs such massive changes without causing disruptions further down the line.

Lee Hoffman
Lakewood Ranch, Fla.