One purchased, users can download an extensive amount of content, including files to cover past seasons. The list below features five of the best simulation games.
Second and Ten
Although the related Baseball Mogul has been more popular, Football Mogul has been around for an entire decade. Older versions of the game tended to get hampered by flaws in the interface, but the newer versions of the game have improved these flaws and shortcomings.
Action! PC Football
The video below demonstrates what gameplay looks like:
When it comes to modern football video games, nothing compares in popularity with the Madden series produced by EA Sports. The results are based on actual NFL stats, so the results are accurate from a statistical standpoint.
Solecismic Software first produced Front Office Football in the 1990s as one of the first simulations to focus on management aspects of football rather than actual gameplay itself. Players can simulate individual games as well as entire seasons or multiple seasons. Each year, the company sells million of copies each year. Action! PC Football focuses more heavily on the game simulation and is widely regarded for the designer’s thoroughness in creating the game.
Barcode Games: Professional Football Simulator
Goal Line Blitz: http://goallineblitz.com/
There are several other simulations available, including the following:
The best simulations do not focus on graphics at all. The game features a number of options that allows players to simulate seasons and more. The database of players dates back to the 1950s, so players can also simulate historical seasons.
Front Office Football
http://www.sportsmogul.com/games/football2k12.html. Later editions added the ability to call plays, but the game’s main focus has been on the front office aspects (hence, the name).
This is the newest game on the list, and it has promise.
This simulation has been around since the days of DOS, and gameplay is largely the same as it was 20 years ago. The Madden games feature realistic graphics and fun gameplay, but some football enthusiasts prefer games that focus more on simulating actual NFL football games.
This game features both a professional version and a college version. Strategy focuses on the gamer calling formations and various plays. Some are purchased and downloaded, while others are played online. The game has gone through many enhancements focusing in both general management aspects of gameplay as well as the simulation part of the football games themselves. These are known generally as text-based simulations
Manchester Utd undoubtedly stand out as one of the best teams in the premiership over it’s lifetime, however in recent years, Chelsea, Leicester and Man City have both tasted success in winning the title.
Champions League Betting
The Champions League is widely regarded as European football’s most exciting competitions. Whether you are betting on footballing giants like Barcelona, Real Madrid, Bayern Munich or Milan to the lesser known European clubs Sky Bet will always provide a host of exciting markets to bet on. So if you want the best football odds from La Liga, Serie A, the German Bundesliga, the Dutch Eredivisie, the Belgian Leagues and the Portuguese Super Liga then there is only one place to go.. Check our latest promotions for any free bets or giveaways. Chelsea became the first English side to win the tournament in 2013 with Atletico Madrid (2) and Porto the other winners. If you want more, Sky Bet also offers accumulator markets, enhanced odds and big match specials on football.
Keep up to date with the latest European Football odds at Sky Bet.
Football Betting Specials
There are dozens of football betting specials available from the latest manager markets to transfer specials where there are up to 100 key transfer targets you can bet on. So if you want the very latest Europa League football odds visit Sky Bet.
Domestic Football Betting
While Sky Bet offer a wealth of odds across all football markets, if you prefer betting on the domestic game, we have a huge range of markets on offer, including the:
With betting on these leagues, cups and trophies, there is a huge choice of games available with match and outright betting, however Sky Bet also offer in-play betting for all key games.
European Football League Odds
The growth of European Football League betting means that there is always a wealth of football betting opportunities. Markets for the 2016 competition include outright winner, group winners, home nation qualification and a selections of specials.
World Cup 2018
The World Cup is the pinnacle of world football and always attracts a huge amount of attention with the eyes of the world watching. We’ve got all the latest match odds you could want, free betting tips, outright betting and specials for all the major European Football leagues and competitions. Sky Sports football presenter Ed Chamberlin and Soccer Saturday football host Jeff Stelling also provide their expert views and betting tips every week.
With Euro 2016 in France fast approaching, you can already find a great selection of odds and prices on Euro 2016 betting markets at Sky Bet. Some of the markets available include:
Top goal scorer match bettingTop 4 placesRelegation oddsOutright winners
Since the Premier League was formed in 1992, it has grown into a powerhouse of global football, revered as one of the best football leagues in the world, with betting to match. Thirty-two teams compete to reach the prestigious knockout phase of the competition with the ultimate goal to be hailed the Champions of Europe. So if you love football betting there’s always a market available for you!
Premier League Betting
Premier League betting offers a huge amount of choice and excitement with Sky Bet, with markets, offers and odds which cover all aspects of the Premier League football.
Welcome to football betting with Sky Bet, if you’re looking for the best odds on football in the Premier League, the Champions League, Sky Bet Championship or any other football, you’ll find everything you need right here, including a bet calculator. In addition, there are dozens of team and player specials available.
Free Football Betting Tips
Check out the very latest betting tips from Sky Sports experts including former England and Liverpool star Jamie Redknapp who provides his football tips for all Premier League and Champions League matches and his weekly Red Hot Acca. You can join in all the excitement with Sky Bet’s huge range of Champions League betting opportunities from match, group and outright betting to ‘Name the finalists’, Stage of Elimination odds and Nationality of Winner.
Europa League Betting
The Europa League replaced the old UEFA Cup in 2009/10 and attracts 48 clubs playing six matches home-and-away. You can find the latest World Cup betting on Sky Bet.
You can also get involved in the action as it happens with in-play football betting from more than 150 leagues and competitions around the world
Maybe its boring, maybe there are no role models, maybe they have no place to play? For whatever reason there has been a lost link, and it shows. Ole’ George will do whatever it takes to win because he loses so grasiously. He has publicity stunts that take the focus off the game, and puts on a show for our young adoring fans about the urgency to win, and gives them a seminar on the art of whining about losing. Even the struggling Reds lost Ken Griffey Jr., no he is not a franchise player for Cincinnati. Maybe the other 9 reasons the MLB sucks has something to do with it!
Counting Down the Downfall of Baseball
I am a baseball fan first and foremost. But no the franchise players are as dead as the suicide squeeze in the MLB.
#9 Too Many Tampered Seasons
This blemish dates all the way back to the Sox throwing the World Series. The Yankees payroll is out of control! Lucky for us the remaining fans that talent and money doesn’t always win championships. This of course helps prepare them for free agency. For a purist of the game the DH opened a window for a single tool baseball player to make it to the bigs. But somewhere between being a kid that loves the game and being an adult who gets paid to play the game a transformation happens. MLB has been slow to move on this, but some initiatives are starting to funnel money back into developing solid inner city youth baseball programs. The purity of the sport is not represented at the Major League level.
#7 No Parity in the League
Parity is defined as:equality, as in amount, status, or character. I like the commentary, but it isn’t exciting television. Baseball hasn’t been able to appeal to elite African-American atheletes.
#10-The players are overpaid. The head of the Yankee player monopoly will pout until he wins another World Series. So how does pitching get back to where it was..Let’s start a couple more expansion teams..that will fix it. He is the anti-christ of the purist movement. It let’s good hitter loose empasis on defense, and it takes away from the original nature of the game. They give the poor kid a cap and a prayer and send him out there to compete. This is the shoot’em up Nintendo generation here that we are trying to interest in our beloved sport. Contemporary craziness is Pete Rose betting on baseball, strikes, and now the “roid rage.” There are just too many factors to list! It just well…sucks! The game has been tarnished in so many ways. ratings are falling because people would rather watch people drive around in a circle at high rates of speed then listen to another has-been drooling all over the microphone about baseball.
It all goes to say, baseball has lost the interest of the African-American community. The only thing that makes it bearable for a fan is they are in third place, and they haven’t had a World Series monopoly. Granted there are some hard nosed athletes which could be considered baseball purist still around, but the Mark Graces of the World are few and far between.
#4 Free Agency and the Death of the Franchise Player
Free agency is a curse! This has destroyed the franchise player. Too many prospects are being forced up too early. There isn’t a whole lot more coaches can do to teach players to throw 100 mph. The already thin pitching talent being spread across the league to play in empty stadiums. Baseball has a unique dynamic that is referred to as chemistry, and it isn’t for sale!
Now that Nolan and the Goose have hung up their cleats who is left to make these lumber lugging neanderthals look retarded at the plate. Too much controversey for the fair weather fan, they are probably Nascar fans now. Spice it up a little bit, if Golf can up their ratings due to Tiger and a few dicy commentators..what is MLB or the broadcast networks doing to change it up?
#3 George Steinbrenner
Don’t get me started on this figure. The free agent market paired with large market clubs will snuff out any such chances of restoring that to baseball. Or heaven forbid, my favorite argument, a picher that might be able to hit (Babe Ruth ring a bell). At least Jeff Gordon’s helmet size didn’t grow two sizes in a single season.
#5 Boring Commentary
The T.V. This is what happens without a salary cap. They also forgot that it took away some fundamental aspects of managing. With no salary cap Major League Baseball has let a whiny bunch of babies be the face of the organization. I know the revenue sharing scam that MLB has put into place to hush up the small teams enough for them to keep a star of two, but this is out of control what these players make. The small market teams will never hold onto a franchise player, and this hurts the fanbase. These types of players survive their MLB bootcamp with Kansas City or the Reds and then after those teams can no longer afford them they have them well groomed for the “big money franchises.” The rich get richer, the poor keep calling up rookies!
#8 No Salary Cap
This is a problem. Here are my top reasons why…. To me that is a player that should get to stay wherever he wants, and the MLB market should be to a point that some salary could be eatin’ by the Reds to ensure the Hall of Famer goes out exactly as he wanted to go. Where did these types of pitchers go? The intimidators, not on roids –I might add –where are they in the league. The problems are many for this little pickle the MLB has put itself in. But without a doubt he wanted to be a Red, even though they were horrible. You can find it the dictionary, but don’t look for it MLB clubhouses. Your best 9 against my best 9, everybody hits!
#1 Loss of the Inner City Development
Just when you thought I had nothing intelligent to say: The main reason that Major League Baseball is below average is because the inner cities do not produce baseball players like they have in the past. I love the game. Now we have records that are going to have undeniable question marks beside them. There are fewer African-American playing the game of baseball today then in the 70’s. He put up Hall of Fame numbers while in Seattle. League expansion is a cluster of uncanny proportions. And the small teams get hit the hardest..these teams survive by calling up the next great hope from AA or AAA to fill a gap. The double switch, the bunt, and the art of the pitcher moving a runner over. I am a teacher of the game at many different levels. Pitching is usually something you have that is innate and polished, hitting can be developed and is so more effectively in all the ametuer ranks of baseball. Hitters have developed, even without the use of human growth hormones, the art of hitting a round ball with a round stick squarely has become a science. It’s a joke that MLB pulled in order to do away with having pitchers go to the plate and flail out the ball in crucial parts of the game. Pitching is relatively the same.
#2 The Designated Hitter
The designated hitter was devised in 1979 by the American League to up attendance and run production…blah..blah..blah
In other words, in terms of the human problems with speed, efficiency, and accuracy, the calculator can overcome. This correction can happen very quickly. The calculator basically helps to identify arbitrage opportunities through its calculations.
In Forex arbitrage, a trader basically buys a currency from one market and then sells it off at another. The market in which it buys from will have a lower price quote of a currency than the market it sells to, allowing the trader to gain profit from the differences that occur between the two markets. The Forex arbitrage calculator can be widely found in the Internet and can be downloaded for free or a fee. They work on real time and keep you accessible to the quotes of different currency pricings, there and then. Thus, it is important for a trader to quickly detect such opportunities, make the necessary calculations, decide if the differences is worthwhile, and then trade. It is also more accurate in its calculations than humans are. This process, if done manually, will require time and patience, which means you may lose the opportunity if you are not quick enough. Before getting the real software, it is best to look at the free demo and try out their trial versions to ensure that the software is suitable to your needs and is truly reliable.. However, one should understand that the difference is only temporary, as the market will need to correct its prices so that there is equality in prices of the currencies. For traders who want to do well in Forex arbitrage, this calculator is an important tool to maximizing their gains. However, with the presence of the Forex arbitrage calculator, this problem can be overcome.
The good thing with the Forex arbitrage calculator is that it can do what a human cannot do
Slots players interested in slightly higher odds of winning are advised to always bet the maximum amount available; the larger a player’s price-per-pull, the better the odds of winning become, and the larger the jackpots become as well. The gameplay is addictive, the modern video clips and other special effects give slots a video game-like atmosphere, and players can fully participate without thinking much at all. Other games in the casino give players a better statistical chance at winning money or breaking even, but big returns aren’t why people play slots. Roulette may not have the global appeal of slots, but any gambler who spends five minutes at a live roulette game will understand its addictive qualities. That is far from the truth – because video poker involves a huge skill element on the part of the player, it is not only one of the most fun machine games available, certain versions of the game can be played at a positive expectation. However, other wagers are among the more advantageous wagers gamblers will find. Rather than relying on the same old recycled “how to beat the casino” advice found everywhere else, trust us to share what we’ve learned about gambling in a way that’s both comprehensive and easy to apply.
Whether it’s called chemin de fer, punto banco, or plain old baccarat, this card game is designed for and usually played by high-rollers. Any slot machine advice that suggests there is some method for beating a machine or finding one that’s “hot” or “due” for a jackpot is garbage – slot player strategy means controlling your money and knowing how to bet. That means some video poker players actually hold an advantage over the casino. Slots are the casino equivalent of games like Candy Crush or Angry Birds.
Craps, the Misunderstood Casino Standby
Video Poker, the Advantage Gambler’s Favorite
Because video poker machines are often banked alongside slots, gamblers unfamiliar with how these games work may assume they’re something like slots – simplistic, sucker bets with a high casino advantage. Unfortunately, the amount of truly helpful material is overshadowed by a mountain of bad “gambling strategy” that’s usually nothing more than a rehashed set of myths that’s been around for decades. Despite a reputation as a complex and expensive gamble, craps is really a misunderstood luck-based dice game with a few decent wagers and a lot of entertainment value.
It may seem strange, then, that this game offers wagers that come with among the best odds in casino play. The writers here at GamblingAdvice.org have played every casino game under the sun and can offer tips to make these games more enjoyable and (maybe) more lucrative. Similar to video poker, blackjack is a card game that involves both a skill and a luck element. The game suffers from a little bit of a reputation problem, long associated with big spenders and big profits for the house. While casino games are designed to turn a profit for their operators, there is no difference between an hour at a slot machine and an hour at the local movie theater – except that at the end of the hour, a slot machine could potentially put more money in your pocket. More often than not, the intent of the other guys is sales or advertisement.
Like slots, the luck-based action of roulette is fun as any game on any casino floor. This game is a favorite among our writers, and we believe our advice regarding video poker play is easy-to-read and even easier to put into practice.
The purpose of advice is to share what one knows about a topic with someone who expects to encounter that subject in the future. Advantage gamblers, pay attention.
Forget that some slot machines give the player terrible odds. We humans are captivated by shiny things, and the bouncing silver ball of roulette is the perfect prop to keep gamblers in thrall.
All casino games (even totally luck-based contests like slots or roulette) can be played in different ways to achieve different results.
The trouble many gamblers have with craps is the complex betting surface – even roulette, with its dozens of numbers, different colors and combinations, and rapid spins of the wheel, doesn’t confuse gamblers the way a craps surface can. Because roulette offers both very conservative and very aggressive wagering options, strategy is important for bettors who want to leave the casino with their rent money safely tucked away.
Roulette: Devil’s Wheel or Safe Bet?
The Zeus Slot Machine – Gambling at Its Finest
Since slot machines are pleasurable games based on luck, strategy for slots revolves around increasing the value of money spent on them and stretch a slot player’s budget to give them the most entertainment for their bankroll. To these people’s way of thinking, gambling is a zero-sum game in which a casino presents rigged games designed to take customer’s money. We cover basic and advanced blackjack strategy and provide bettors tips on how to use basic card-counting skills to tip the scales in their favor. The excitement around a craps table comes from the fact that players can wager both for and against one another, the high likelihood of winning and losing streaks, and the large bets placed by some craps bettors interested in the sometimes quick pace of the game.
Since roulette is a fully luck-based game, we list it here, just one rung up from slot machines. Roulette props are memorable, especially when the game is played on ornate wheels in the bigger European casinos or in the center of dozens of busy tables on a Las Vegas gaming floor. Though these six titles are the most popular among casino gamblers, they are by no means the only ones we cover at GamblingAdvice.org, but a representative sample of what we offer bettors looking to have more fun at the casino.
To some people, the notion of “gambling advice” is oxymoronic. We at GamblingAdvice.org want to make gamblers time playing their chosen game more entertaining. The luck of the draw is a big part of the game, but knowledge about the statistical likelihood of drawing certain hands plays a huge part as well.
Gambling is just another form of entertainment, albeit one that’s highly-regulated, potentially profitable for participants, and carries a long cultural tradition in many parts of the world. Beating the house consistently at the game sometimes called 21 requires serious study. The most basic piece of advice any new roulette player needs to learn is to seek out and always play on European-style wheels rather than American-style. After all, baccarat is the game of James Bond, a game with small advantages that can result in massive wins and losses. Because of its fast pace and the likelihood of plenty of ups and downs for the player, baccarat is the title of choice for thrill seekers and aggressive gamblers.
Based on the rules of draw poker, video poker involves a bettor making choices in order to form the highest-value poker hand possible from the cards they’re dealt. Rather than focusing on beating the house consistently, gamblers interested in blackjack strategy can focus instead on the tips we provide to make the game more fun and (just a little bit) better odds-wise.
Learning how to play video poker also means learning how to interpret features like game rules and pay tables. The cards that appear for the player and the house are not something a bettor can work around – what they can do is play the game a certain way to maximize their chances of winning.
There’s something that can’t be avoided when discussing roulette strategy – many of this game’s bets offer odds so bad they should be the domain of the very stupid or the very wealthy. The same can’t be said for the latest Hollywood blockbuster.
. The reason this kind of game is the most popular anywhere in the world is because it is a lot of fun to play.
Because craps is one of the faster-paced games on this list, newcomers to the game are encouraged to learn as much about it as they can – this includes advice on how to control wagers to extend playing time and fact-based tips on the game’s best and worst bets, odds-wise. Our slot machine advice includes this useful and unbiased advice, as well as other strategies to make playing slots more fun, such as how to get freebies from casinos and tips for finding slot machines that suit different playing styles.
The Simple Pleasures of Slot Machines
Like the other gambles covered in more detail throughout our site, our roulette section includes everything from tips on which bets to make and which to avoid all the way to money management tactics and etiquette advice. Some game’s pay tables are tilted in favor of the house, while others favor players – reading these tables and finding games that benefit players a little more is another important aspect of video poker strategy. Let us show you how to play it smarter, or at least enjoy your play a little more.
Along with the spinning roulette wheel, the rolling dice used in games of craps are the major icons of casino play around the world. The house edge on the bets known as “banker” and “player” is between 1 and 1.5% (in a game played with standard casino rules). If, as Merriam-Webster says, “advice” means any recommendation about a future action, “gambling advice” is nothing but tips to help gamblers have more fun in the future.
Another casino game standard-bearer, blackjack today has a well-known reputation as a beatable casino contest, thanks in no small part to card-counting teams glamorized in popular culture over the past couple of decades. This is especially true for bettors interested in a more conservative approach.
In some parts of the world, baccarat is becoming rare, though it is still a very popular choice in Europe and parts of Asia. The difference between the two is intent. Because of the game’s simple rules and pay table, it is easy to learn and can be played with strategy, though like other luck-based games the best tactics involve bankroll management and increasing entertainment value rather than finding a way to beat the house.
Learning to establish a slot budget isn’t difficult, and bankroll management can be scaled up and down to meet any wallet size. Roulette is one of those classic casino contests that everyone can picture, one that most people probably picture when they imagine a casino floor. Though all video poker is based on simple draw poker rules, different titles include wrinkles like wild cards or additional cards beyond the standard 5-count, and these small changes impact strategy in a big way. Generally, the outcome of a round of slot play is based on luck. This may not matter as much to a slots player who is looking to stretch their $50 or $100 for a long period of time – for that sort of player, sound strategy would involve finding a machine they enjoy and placing wagers that won’t dry up their bankroll too quickly.
The Mythical (and Magical) Game of Blackjack
The Quick Ups and Downs of Baccarat
There is no skill element in the basic slot machine game, though bonus rounds and additional features in modern slots give them a skill-based element. That’s the definition of strategy, after all – a set of tactics meant to produce a specific effect. Ignore the itch that suggests slots are low-class games. Our strategy for roulette considers both players who like risk and those looking to stretch their bankroll as far as it will go. Forget that the potential for losing is so high that gambling jurisdictions require game programming that guarantees a minimum return. Euro wheels have a single green “0” space, American wheels have the additional “00.” The addition of a single potential winning number changes the game’s odds dramatically enough that choosing an American wheel when a Euro game is available is downright stupid. Learning the meanings of craps jargon as well as the odds and value of the game’s many different ways to wager is a huge first step in the direction of learning craps strategy, and we offer this advice free of charge and without bias.
Blackjack strategy, as developed by math geniuses in the middle of the 20th century, is a sure-fire way to decrease the house’s advantage. Yes, blackjack is beatable, but bettors looking for easy money should look elsewhere. Whether that effect is an increased chance of winning at the blackjack table or the stretching of a budget to increase time in front of a slot machine, we offer advice to help gamblers achieve it.
Broadly-speaking, two categories of casino advice exist on the Internet: one category includes fact-based strategy guides and listicles on a variety of gambling topics, the other is completely worthless. Even though baccarat involves plenty of risk for the bettor, our strategy advice can make the game more fun and even help bettors decide how to wager to maximize the value of their bankroll.
Below are short breakdowns about our guides to the most popular casino games, listed in increasing order of game complexity
Speaking about his humanitarian works, Soros once said, “I’m not doing my philanthropic work, out of any kind of guilt, or any need to create good public relations. The philanthropic works by him are done through an entity called Open Society Institute (OSI), which was created by him in 1993. He is the chairman of ‘Soros Fund Management’ and the ‘Open Society Institute’, a stock investor, American currency speculator and political activist. In 1992, Soros earned himself a profit of whopping $1 billion and the title, the man who broke the Bank of England, betting against the Bank of England with $10 billion worth of pounds. He is a former member of the Board of Directors of the Council on Foreign Relations.
Since the 1970s, George Soros has shown active involvement in philanthropy and social work. The firm made a spectacular achievement by giving more than a 4000% return within the next ten years.. He was thirteen, when Hitler’s Wehrmacht seized Hungary and began deporting the country’s Jews to extermination camps. As a global financier and philanthropist, George Soros is popularly known for his unmatchable skills related to the field finance and currency speculation. I’m doing it because I can afford to do it, and I believe in it.”
“Markets are designed to allow individuals to look after their private needs and to pursue profit. In August 2006, he wrote an article titled A Self-Defeating War, in the Wall Street Journal. In 1956, he moved to United States, and started working as a financial analyst. OSI is a private operating and grant making foundation which aims to promote human rights and social reforms. In 1969, he founded his first offshore hedge fund, which grew immensely through speculation. In 1970, he co-founded the famous Quantum Fund with the help of Jim Rogers. One of his most notable humanitarian works is, the generous donations he made in order to eradicate extreme poverty from Africa. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs.”
These were the famous words of George Soros, who has made his mark as an enormously successful speculator.
In recent years, Soros has been a vocal critic of America’s military endeavors and foreign policies. Soros graduated from the prestigious London School of Economics, in 1952, and obtained an entry-level position with an investment bank namely Singer and Friedlander.
While studying in London, Soros became acquainted with the work of a philosopher, Karl Popper, which had a great influence on Soros’ intellectual development. The article was in context of the American foreign policies which were applied on several fronts like Iraq, Gaza, Lebanon, Afghanistan and Somalia, and killing of thousands of innocent civilians.
Childhood and Early Life
George Soros was born on August 12, 1930, in Budapest, Hungary. Soros survived the Nazi invasion of Hungary from March 1944 to 1945, and in 1947, he emigrated to England and supported himself by working as a railroad porter and a restaurant waiter
The Forex arbitrage calculator can be widely found in the Internet and can be downloaded for free or a fee. In other words, in terms of the human problems with speed, efficiency, and accuracy, the calculator can overcome.
In Forex arbitrage, a trader basically buys a currency from one market and then sells it off at another. The calculator basically helps to identify arbitrage opportunities through its calculations. It is also more accurate in its calculations than humans are. For traders who want to do well in Forex arbitrage, this calculator is an important tool to maximizing their gains. This process, if done manually, will require time and patience, which means you may lose the opportunity if you are not quick enough. This correction can happen very quickly. The market in which it buys from will have a lower price quote of a currency than the market it sells to, allowing the trader to gain profit from the differences that occur between the two markets. However, with the presence of the Forex arbitrage calculator, this problem can be overcome.
The good thing with the Forex arbitrage calculator is that it can do what a human cannot do. Thus, it is important for a trader to quickly detect such opportunities, make the necessary calculations, decide if the differences is worthwhile, and then trade. Before getting the real software, it is best to look at the free demo and try out their trial versions to ensure that the software is suitable to your needs and is truly reliable.
. They work on real time and keep you accessible to the quotes of different currency pricings, there and then. However, one should understand that the difference is only temporary, as the market will need to correct its prices so that there is equality in prices of the currencies
But like many professional athletes who experience a sudden explosion of wealth, it was all gone in an instant. It’s sad to see other guys work so hard throughout their life — and then they just lose it in two or three years.”
That’s why Walker, now 38, is now working to steer young athletes away from the mistakes he made.
The hope is that these “real-life parables” from Walker and Scott will educate the younger athletes, Drew Hawkins, head of Morgan Stanley’s global sports and entertainment division, told CNNMoney. Walker quickly became a basketball superstar.
“These individuals are forced to make decisions as teenagers and these decisions impact them for a long time,” said Hawkins.
2) Think about the future, not just the here and now.
Related: Tiger Woods is THE worst highest-paid athlete
Real-life parables: Now that he’s out of bankruptcy, Walker is working to educate future sports stars. A year later he pleaded guilty to felony bad check charges, according to court filings.
Terms & Conditions apply
Before the age of 20, he had won the NCAA basketball championship and was selected by the Boston Celtics as a top pick in the 1996 NBA Draft.
1) Get the word “no” in your vocabulary when dealing with friends and family. He’s working on “Gone in an Instant,” a documentary about his personal boom-to-bust tale. He ended up being forced to pay back about $20 million to banks.
As if that wasn’t bad enough, Walker had unwisely put up his personal financial portfolio as collateral. It went bad. He was named to the All-Star team three times and won the top prize in pro basketball with the Miami Heat in 2006. Despite pulling down more than $108 million during his career, Walker filed for Chapter 7 bankruptcy in 2010, just two years after retirement.
“We got caught in the recession. Walker didn’t serve jail time due to a plea agreement, but the former NBA star was ordered to pay off gambling debts. “My story is sad.
Given his humble beginnings, Walker wanted his friends and family to enjoy his riches as well.
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Thanks to his on-the-court success, Walker made more money playing the sport he loved than he could even dream of when he grew up in a poor Chicago neighborhood. Instead of thinking about the future, he spent lavishly on cars, jewelry and homes.
“I created a very expensive lifestyle. “You can still enjoy your life to the fullest, but let’s preserve some of that wealth for your kids — and for their kids,” Walker said.
As part of his gig with Morgan Stanley, Walker recently spoke to athletes at Boston College and the Seattle Seahawks about his mistakes.
Related: Ex-NFL star: ‘I had to start over and pick up the pieces’
Cars, jewelry and homes: As with many other sports stars, instant wealth meant instant luxury for Walker.
Related: Andy Roddick: Safe investments can be sexy
Real estate firm goes bust: The real catalyst, Walker said, was the Great Recession. We had a ton of undeveloped real estate. “It ended up being an open ATM throughout my career.”
He also lost large sums of money gambling, although Walker insists this wasn’t the main cause of his financial collapse and that media reports are overblown. You can’t do that,” Walker said. Walker and former NFL linebacker Bart Scott recently teamed up with Morgan Stanley Global Sports & Entertainment to bring real-life lessons to today’s players.
But first Walker had to figure out how he went from fat NBA paychecks to financial rock bottom.
“I gave them whatever they wanted and spoiled them. That’s how you lose your wealth real bad at the beginning,” Walker said.
“I thought I was set for the rest of my life,” Walker told CNNMoney.
CNNMoney (New York) First published July 24, 2015: 9:29 AM ET
. He estimates he helped about 30 people move to “better situations.” He gave cash to many of them — often without holding them accountable. The economic chaos caused the implosion of Walker Ventures, his Chicago real estate firm. “Be prepared to use that word a lot,” he said.
Advice for today’s stars: Walker has two simple pieces of advice he hopes the younger generate walks away with.
For example, if a party has a fixed rate payment obligation and another one has a floating rate one, the two can swap their interest obligations with each other without settling the underlying debt.
Shares of company XYZ have an intrinsic value of $20 each. While most financial assets have intrinsic asset values or prices, the intrinsic value of a derivative is based on the financial asset that forms the basis of a derivatives contract. If you wish to play the stock markets, they offer an unbelievable amount of ground to play in, especially when it comes to hedging and risk management. Many an investor have fallen to greed in this market, for everyone else, it is a risk management boon.
Whether futures and options, or swaps and forwards, all require careful and deliberate study. On the other hand, forwards, swaps, and CDS are usually traded on the over-the-counter (OTC) markets. Forwards contracts are over-the-counter contracts that usually trade on commodities. Be careful and ask all the right questions before you bring out the cash.
Since most of them involve the play of big money with very little in the way of initial investment, most people fail to foresee the impact they can have on their total funds. Research them and you will find a very grim picture, more houses have been broken with these instruments than have been built. Lack of knowledge coupled with greed, turn them into your worst possible nightmare. On the other hand, a put option gives the buyer the right but not the obligation to sell a certain asset at an agreed price (strike price) by a certain date in the future. Options are not limited to the exchange traded derivatives markets and some are also traded on the OTC markets.
Learning about derivatives is one of the most important lessons to learn, for anyone making new forays into investment finance. The intention is to buy low and sell high in two different markets and pocket the differential profits.
They allow for large portfolio position changes without incurring the buying and selling transaction costs.
Forwards Contracts and Futures Contracts
By definition, a forwards contract is ‘an agreement to buy or sell an asset for a predetermined, fixed price, at a certain time or date in the future’. But before you start thinking about having bigger yields out of these instruments, know a little more about them. When investing in these instruments, be aware of the risk that you are taking on with that kind of leverage.
When they are used for hedging, they perform exceptionally well but when used for speculation, it is not prudent to rely too heavily on them. For many of these instruments, small changes in the underlying asset can swing your fortunes from millionaire to bankrupt within seconds. Even though you have invested only $100, the position that you had taken in the market was on $10000 shares. By definition, they are financial instruments that derive their intrinsic values from the underlying asset that they are based on. Futures are also agreements to buy or sell commodities at a certain predetermined price at some predetermined time in the future. Inexperienced options expire once their time duration ends and it is only the premium paid for buying the option that exchanges hands between the two parties.
These markets happen to be of two types. These non-standardized financial instruments bear some amount of credit risk, since no exchange interferes between the buyer and the seller. When you hold a long position in a forward contract, i.e., you have agreed to buy the underlying commodity at the agreed price, your payoff will be the differential between the forward price and the spot rate at that point in the future (F – S). These are extremely powerful instruments and though, ‘no guts no glory’ does summarize the ‘higher risk, higher potential return’ mantra of investment finance; having open positions in them is never prudent. Being traded on exchanges robs the futures of the customization that is available on forwards, but on the other hand, as exchanges play clearing houses in the transaction, futures have relatively lower credit risk.
They are simple financial instruments. Hull in his 1999 book titled ‘Options, Futures, and Other Derivatives’.
Understanding Futures and Options
A point to note here is that, while futures and forwards are obligatory buy and sell contracts for the holders, options are rights and not obligations that the holder can choose on whether to exercise or not. Not understanding how they work and investing large sums of money in them blindly is a folly. They are a boon for the hedgers but not always so for the arbitrageurs and speculators.
Uses in Investment Finance
Certain exotic types like Cacall, Caput, Barrier options, etc., lure investors with the greed of returns, but what happens many a time is that, traders fail to see the complexity involved in them. Last but not the least, they lend monetary power to the traders, for they can take large positions in the stock market with the minimal amount of cash, i.e., by just paying the premium amounts.
Options are basically of two types, a call option and a put option. Forwards and futures prices are good reflectors of the price directions as well as the expected change in the future prices of the underlying asset.
They offer the traders an option to change the nature of their liabilities and exchange the risks associated with some of their unwanted liabilities with some more bearable ones.
They can be used to make arbitrage profits. Here’s and example of an underlying asset.
Below are some of the uses as listed by John C. The only difference between them and the normal financial instruments (like shares), is just the little term called ‘underlying asset’. These are normal financial instruments where you just buy or sell shares of company XYZ (for $20 each, if market value equals the intrinsic value). How else is it possible that just investing $10 should help you take positions worth $1000. Interest rate swaps are also derivatives for they too derive their values from the underlying debt instrument. The term futures encompasses all things like foreign exchange futures and stock index futures as well. They can be used to hedge open positions in stocks and this makes stock trading safer. The only difference between a normal spot transaction and a forward transaction is the time span between the contract and its fulfillment. You’ll know then, why all traders haven’t mastered the art yet and become overnight millionaires. Plain vanilla swaps, or the least complicated of swaps, allow two parties to swap their interest obligations. They offer the trader, the option of passing on some of the risk that he’s bearing over to another party. Futures and options trading is fantastic as a risk reducing measure (hedging), but may not be equally fantastic as a speculative bet, especially when you do not have the required expertise, neither in derivatives nor in forecasting.
They are very good risk management tools and are mainly used to hedge risks that a trader is routinely exposed to. But when you have a derivative option on the shares of this company, you are basically holding a financial instrument that has no intrinsic value of its own. Marginal swings in the value of these shares can leave you with the outcome – ‘Investment – $100 and Total Loss $100, 000′. So for once, a financial instrument has been named correctly, an instrument that derives its value from some other asset is termed as a derivative.
Futures contracts are derivatives very similar to forward contracts, with the main difference being that while forwards are traded OTC, futures are traded on an exchange. Know their uses and advantages, their drawbacks as well as their various types, namely forwards, swaps, futures and options.
What is the Derivatives Market?
Interest Rate Swaps
Mastering these instruments can make you a millionaire overnight, but it is good to understand them first. In a put option, the option will thus, only be exercised if the strike price is higher than the going market price at that specific point of time in the future. While spot is an immediate, present tense contract, a forward is a later date or future tense contract that is just being finalized today. Two or more options can be combined together (synthetic options) to give the trader just the kind of payoff he was visualizing, given his forecasts of the future price movements on the stock exchange. For many, what they invest in these instruments are their savings so you can only imagine the impact.
Many investors fail to understand that investing in them means indulging in a kind of leveraging. On the other hand, with a short position (agreement to sell), your payoff will be the differential between the spot price of the commodity then and the futures price that you have agreed on (S – F).. Options are fantastic in their ability to cater to every possible need of the stock market trader. First the futures and options are traded on the exchange traded derivatives market and are standardized instruments with negligible credit risk. A call option gives the buyer the right but not the obligation to buy a certain asset from the call option writer, by a certain date and for a certain price, known as the strike price. Think about it and you’ll know why so many have gone down while betting on these instruments. There is no monetary transaction to the contract when it is first negotiated, and money only changes hands on contract maturity. Arbitrage profit opportunities are those opportunities that allow for risk-free, zero net investment profits, by capitalizing on price differentials on the same commodity in different markets. The value of your option to either buy or sell the shares of this company, derives its value from the actual market prices of the underlying asset, in this case, the shares of company XYZ. He either takes on another risk in return or makes a cash payment in exchange for the risk transfer.
Instruments like forwards and futures play a key role in giving directions to the market prices of the future. Since it is the ‘right but not the obligation’ to buy an asset, it is obvious that the call option will only be exercised if the strike price is lower than the going market price for the underlying asset at that certain time in the future
From the table below you will see that the company makes $45,000 profit on the back to back currency swaps.
A company might find it easier to borrow dollars offshore for a three month period rather than in its domestic market. Let’s look at all the cash flows assuming the spot rate is around 1.3350.
Making a profit of Yen 900,000 (approx $9,000) on the forward against forward transaction.
When a company takes a view on the future interest differentials between two currencies they can use currency swaps for a forward against forward transaction. This is a form of interest arbitrage. For example a corporate treasurer might have sterling investments or assets and have dollar liabilities. In essence they would buy the dollars they needed at spot and sell them three months forward.
The company sells £15,000,000 at 1.3355 spot and buys $20,032,500
The company buys £15,000,000 at 1.3215 forward and sells $19,822,500
April 19th Forward +$1M – Yen 98,100,000 at 98.10. The company then does an opposite swap and buys sterling at spot and sells the sterling forward at 110 swap points. In this way the company does not have any currency exposure.
January 18th Spot +$1M – Yen 99,500,000 at 99.50
Why Use A Currency Swap?
There are four main reasons why a company might want to do a currency swap. For some reason the shipment is delayed for a few weeks and the company does not want to sit on its yen as it will have a currency exposure. This is how the cash flows might look assuming a $/Yen forward against forward transaction.
January 18th Spot -$1M + Yen 99,600,000 at 99.60
Forward Extensions and Rollovers
A UK company has contracted to buy goods at a certain date from Japan paying for the goods in yen. The company asks its bank for a one month currency swap quote. The first and most likely one is to speculate on a change in interest differentials. Borrowing dollars using a swap transaction allows them to do this without incurring any currency risk. The bank quotes 110-100 showing that interest rates had narrowed. So it can enter into a currency swap and sell the Yen at spot for sterling and buy the yen back again when they need them. The treasurer might feel that the interest differential between the Uk and the USA might narrow over the next month. The forward against forward transaction involves a buy/sell or sell/buy swap for one maturing and an opposite swap for a different maturity. The company might want do a one month swap and sell the sterling at spot and buy it back forward.
£/$ swap quotes = spot 1.3350-60 and one month forward 150 – 140
February 18th Forward -$1MM + Yen 98,900,000 at 98.90
Let’s assume that during the day the UK interest rates were lower