Best College Football Players of All Time

Barry Sanders (Oklahoma State): He easily won the Heisman trophy in 1986 while rushing for 2,628 yards. Walker had over 2,000 rushing and receiving total yards, 14 passing touchdowns and over 1,600 total pass yards.

8. Tim Tebow (Florida): The Florida Gators star quarterback has amazing statistics. In 1923, he won, The Helms Athletic Foundation Championship. Red passed for 575 yards and tossed three touch downs.

10. Grange had 2,071 rushing yards and over 900 yards from punt and kick off returns. John Elway (Stanford): He was an All American in 1982, and finished second in the running for The Heisman Trophy voting that same year. Archie Griffin (Ohio State): Griffin had a banner Junior year rushing for 1,695 yards and scored a total of 12 touch downs in 1974. Jackson had 43 rushing touchdowns and 4,303 total rushing yards in his four year college stint. Look at these numbers. Barry Sanders went on to play for the Detroit Lions as a running back and although he never won a Superbowl, he is widely considered one of the top running backs in Detroit Lions history.

9. Bo Jackson was fortunate to be a part of the winning Auburn Tigers for the Sugar Bowl and the Liberty Bowl and was the MVP of both football contests. He could run, jump, slide and score like no other quarterback could.

Please feel free to leave comments in the comments box at the bottom of this page because I love reading others’ opinions. Doak Walker (Southern Methodist University): In 1948, as a Junior he won the Heisman trophy and was a three time All America which is outstanding. What a player he was nominated three times for the Heisman winning it once in 2007. He passed the football for a very high 77 touchdowns and his yards for his four year career were outstanding with 9,349 passing yards. He is the only Two time Heisman trophy recipient and had some nice stats including 25 rushing scores and over five thousand career rushing yards.. That is to say he played offense and defense. Walker was a legend in his own time, he was another great and entertaining player. He has played all over the field including running back, punt returner and even quarterback. Herschel Walker (Georgia): Walker had statistics that can not be denied when he was the half back for the Georgia Bulldogs. I really enjoyed watching Woodson go on to play for the Oakland Raiders. He won the Heisman trophy in 1982 and he helped to defeat Notre Dame to win the Sugar Bowl. He rushed for 5, 259 yards in his three year NCAA playing days. He also had 49 rushing touchdowns. In the 80s John Elway was a household name. He helped Michigan go undefeated and win the National Championship He was a true defensive talent that helped him get 18 interceptions, 395 yards receiving and even two rushing scores. 88 passing touchdowns, 57 rushing touchdowns and 9, 285 passing yards to go along with 2,947 rushing yards. Also, tell me who you think the number 1 player in college football history is.

5. Bo Jackson (Auburn): Bo Jackson won the Heisman trophy in 1985 and he was the consensus All American in 1983 and again in 1985. He won the Holiday Bowl and had nice stats including: 3,556 rushing yards, 47 TD’s and over 1,400 yards from punt and kick returns. Red Grange (Illinois): Grange won All American honors three years in a row. Tim Tebow was one of my favorite college players to watch play. Thorpe had over three thousand yards on the ground, 330 passing yards and over 700 yards in kick off and punt returns.

7. He was a corner back, kick returner and a wide receiver. When he touched the ball you knew great things were going to happen.

6. He was a corner back and knocked downed lots of football passes and made lots of interceptions as well.

3. He won the Maxwell Award and he played lots of positions which is amazing. He played wide receiver and quarterback on occasion.

4. Jim Thorpe (Carlisle Indian): In 1911 and 1912 he was an All American and he led his team to a National Championship in 1912. He could do amazing thing when he touched a football.

2. He led his team to National Championships in 2006 and 2008. He was a half back, defensive back, kicker and punter. Charles Woodson (Michigan): In 1997 Woodson won the Heisman trophy playing Iron man for the Wolverines. Bo knows best.

1. You must have respect because Bo knows multiple sport success

Site for marital affairs hacked – Epic cheating scandals – Pictures

However, questions were later raised about her potentially being too young to compete.

So, if a gymnast looks like she couldn’t possibly be 16, there’s a good chance she isn’t yet.

And this isn’t the first time that allegations of underaged gymnasts have plagued the Chinese team. Ten years after the 2000 Games, the International Olympic Committee stripped that Chinese Team of its bronze medal, after uncovering evidence that star gymnast Dong Fangxiao was only 14 when she competed.

Though He Kexin’s passport officially says that she was 16 at the time of the 2008 Olympic Games, Chinese media reported that she and other teammates may have actually been as young as fourteen at the time.

He Kexin of China poses after winning one of two gold medals in the women’s uneven bars at the 2008 Olympic Games in Beijing.

How the Sports Betting Line is Made by RJ Bell

Obviously, if the line comes out a week ahead of the event (which is the case in football), there is much that could happen during the week leading up to the event that could affect the line.

Oddsmakers can also change the line depending on various event-related factors such as player injuries or weather.

A round-table discussion among the 4-5 oddsmakers involved in making the line for each sport is then conducted and a consensus line is decided upon by the Odds Director before it is released to the sportsbooks. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach. .

Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines. Examples of non-game factors that would require an adjustment to a team’s power rating are key player injuries and player trades. By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error.

“The main objective is that our clients get equal action on both sides,” Seba said. If we’ve done that, we’ve done our job.”

Power ratings are the oddsmaker’s value of each team and are used as a guide to calculate a “preliminary” pointspread on an upcoming game.

Divided action means the sportsbook is guaranteed a profit on the game because of the fee charged to the bettor (called juice or vig – typically $11 bet to win $10). By moving the line, sportsbooks can influence how the public bets on a particular game. We do this by drawing from past experiences and applying them to current situations. Also, adjustments are made after reading each team’s local newspapers to get a sense of what the coaches & players are thinking going into the game. Of course there is an entire method to the madness on how the opening line is created.

Once a game’s power rating based pointspread is determined, the oddsmaker will make adjustments to that line after considering each team’s most recent games played and previous games played against that opponent. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process. If an oddsmaker comes up with a preliminary line of USC -7, then an adjustment up to -7.5 or -8 would be made in response to the public’s expected USC bias. Experts working for the individual books having a strong opinion on the game

Once betting begins, sportsbooks can adjust the line at any time. The power ratings are adjusted after each game a team plays.

Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must be taken into account.

Oddsmakers at LVSC are professional sports junkies who love what they do and would probably do it for nothing if you asked them, but they do get paid for it. People think it’s much more complicated, but it’s not.”

RJ Bell

©Pregame.com 2006

Website: http://www.Pregame.com

Why the Line Changes

Moving the line is the oddsmaker’s effort to balance betting action, and often times such moves can have a major impact on a bettor’s decision. Reasons for such adjustments include:

The last step in the line-making process for each oddsmaker is taking one final look to determine whether or not the line “feels right.” This is where common sense and past experience with how games are bet enters into the picture. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”

What Is the Line Trying to Accomplish?

Contributed by:

There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by. Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years.

“You either have a passion for it or you don’t,” Seba said. Stated another way, they want to create a line that half the people find appealing to bet one way while the other half find it appealing to bet the other way (known as ‘dividing the action’). In our extended interview, Seba explained that there are 4-5 oddsmakers assigned to make lines for each of the major sports (pro & college football and basketball; MLB, NHL, boxing, golf).

Once the opening line is released by LVSC, the individual sportsbooks decide if they want to make any adjustments before offering it to the public. For example, the public might have heavy betting interest week after week on a popular college football team such as USC. This usually includes having up-to-date power ratings on each team.

Individual books having players who consistently bet with certain tendencies (such as an extreme bias toward favorites or toward a certain popular team like USC)

The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action.

“The #1 thing for us is to make a line for each game that creates good two-way action. Of the 4-5 oddsmakers, generally the 2 most respected opinions are weighed more heavily by the Odds Director before he decides on the final line. “We’re not trying to pick the team that covers the spread, we’re trying to make it a coin flip, a tough decision (for the bettor). That is not the case at all – their intent is NOT to evenly split the ATS result between the teams; rather, their goal is to attract equal betting action on both sides.

How the Opening Line Is Made

For example, if the pointspread on a game is 7 and most of the money is coming in on the underdog (taking the +7), sportsbooks will then move the number down to 6 ½ to try and attract money on the favorite. In doing so they attempt to make more attractive the team that is getting less action.

The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks

Gambling Advice

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.

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. Slots are the casino equivalent of games like Candy Crush or Angry Birds.

All casino games (even totally luck-based contests like slots or roulette) can be played in different ways to achieve different results. That means some video poker players actually hold an advantage over the casino. 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. 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.

Learning how to play video poker also means learning how to interpret features like game rules and pay tables. We humans are captivated by shiny things, and the bouncing silver ball of roulette is the perfect prop to keep gamblers in thrall.

The purpose of advice is to share what one knows about a topic with someone who expects to encounter that subject in the future. Similar to video poker, blackjack is a card game that involves both a skill and a luck element. Ignore the itch that suggests slots are low-class games. 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.

It may seem strange, then, that this game offers wagers that come with among the best odds in casino play. 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.

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. This is especially true for bettors interested in a more conservative approach.

Learning to establish a slot budget isn’t difficult, and bankroll management can be scaled up and down to meet any wallet size. 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. 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. 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.

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. 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. 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. 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.

In some parts of the world, baccarat is becoming rare, though it is still a very popular choice in Europe and parts of Asia. 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. The reason this kind of game is the most popular anywhere in the world is because it is a lot of fun to play.

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. 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. 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.

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. We at GamblingAdvice.org want to make gamblers time playing their chosen game more entertaining. 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. 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. After all, baccarat is the game of James Bond, a game with small advantages that can result in massive wins and losses. The game suffers from a little bit of a reputation problem, long associated with big spenders and big profits for the house. 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.

Since roulette is a fully luck-based game, we list it here, just one rung up from slot machines. 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.

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. 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. 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.

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. However, other wagers are among the more advantageous wagers gamblers will find. 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. Generally, the outcome of a round of slot play is based on luck. 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.

To some people, the notion of “gambling advice” is oxymoronic. 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.

Gambling Zeus slot machineGambling 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. 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). Forget that the potential for losing is so high that gambling jurisdictions require game programming that guarantees a minimum return. 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. More often than not, the intent of the other guys is sales or advertisement.

Video Poker, the Advantage Gambler’s Favorite

The Simple Pleasures of Slot Machines

Along with the spinning roulette wheel, the rolling dice used in games of craps are the major icons of casino play around the world. Advantage gamblers, pay attention.. Beating the house consistently at the game sometimes called 21 requires serious study. The same can’t be said for the latest Hollywood blockbuster.

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. 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.

Craps, the Misunderstood Casino Standby

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. The difference between the two is intent.

Below are short breakdowns about our guides to the most popular casino games, listed in increasing order of game complexity. Roulette is one of those classic casino contests that everyone can picture, one that most people probably picture when they imagine a casino floor. 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.

The Zeus Slot Machine – Gambling at Its Finest

Like slots, the luck-based action of roulette is fun as any game on any casino floor. 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.

Roulette: Devil’s Wheel or Safe Bet?

The Mythical (and Magical) Game of Blackjack

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. 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.

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. Our strategy for roulette considers both players who like risk and those looking to stretch their bankroll as far as it will go. Let us show you how to play it smarter, or at least enjoy your play a little more.

Forget that some slot machines give the player terrible odds. 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. 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. That’s the definition of strategy, after all – a set of tactics meant to produce a specific effect. 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. 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. Yes, blackjack is beatable, but bettors looking for easy money should look elsewhere. 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.

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

Sports Arbitrage – RebelBetting

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How To Pick a Winner at the Dog Track With a Simple Trick

If one of them is 3 yrs old and the other is older, I’ll go with the younger dog.

I’ll look to see if either of them has won a race by several lengths recently, gained position on the leaders in a fast race or is from a kennel that is burning up the track at the moment. If there doesn’t seem to be any difference between them based on those things, I look for any little thing that one has going for it that the other doesn’t.

If I look at all these factors and can’t find any significant differences, there are two options that I see. Then, if they’re still evenly matched, I look for the one thing that indicates that one of them is more likely to come in this time.

. Usually, when I handicap greyhound races I don’t take minor factors into account. You don’t want to bet them both. That would be betting against yourself. I compare them with a little list I’ve come up with. Or I can play them in a quiniela, which is what I usually do.

If you handicap by picking the best dog out of 8 in a greyhound race, there’s a common problem. There are some other rare situations when I play two dogs to win, but this isn’t one of them and I don’t recommend it. I even check to see if one of them has had more days between races than the other. So what do you do?

There are a few options, but this is the one that has worked the best for me over the years. I can lay off the race and find another race I like better. But when it gets down to two dogs who are evenly matched, I look at things like age, kennel standing, time of their last race etc. That can actually make a difference sometimes.

I never play two dogs to win if they’re evenly matched. Many times, there are two dogs that look just as good. Check for any advantage one has over the other and if there isn’t one, play them in a quiniela or don’t play them.

First, I look at their class, running style, post position in this race as compared to their last race, post position that they like and whether they’re in form right now

Advice :: Internet Addiction | ArticleBiz.com

Fighting Internet Addiction

The greatest tragedy to it all is that those around the addicted individual are the real victims. It may be a private method for indulging in what is actually a gambling or pornography addiction.

It often requires professional help to break internet addiction. It may be issues at school with children. Substance abusers may find it easier to purchase their drug of choice through the internet. The most important step is to force the individual to see there is a serious problem. Hyde.” They are horrible to live with offline, but as long as they have that connection, they are relatively normal.

Any addiction becomes an actual “addiction” when it negatively affects the lives of both the addict and all those around them. This can be skyrocketing bills from gambling or substances.

Internet addiction is a very real condition that affects households worldwide. Most internet addicts do have an ulterior motive for being online so much. Internet addiction is completely curable and there’s no reason to endure it any longer.

It’s fairly easy to spot internet addiction. They watch their loved ones morph into someone else. They must not only endure the emotional “mess” they must clean up after their loved one.. They may exhibit personality qualities much like “Dr. What is it that causes this? What are the symptoms? Many people mistakenly believe it’s merely a penchant for checking email or losing track of time while playing a game. Jekyll / Mr. The best time to act is now. The addicted individual withdraws from real people and becomes more focused with individuals they know online. Internet addiction has taken so many years to become established due to the disbelief many have over its legitimacy. Some may have complete alter identities through the internet. Many internet addicts, however, aren’t classified with any of these more typical vices. Internet addiction is not the same and it’s consequences can be far more devastating. The “fix” is pretending to be someone else. If you try to talk to them, you will be ignored. It may be serious problems in the workplace due to inattention or inactivity. They want complete privacy when they are online. They see the mood swings and make excuses to others. They often make excuses to stay home more, but when they are home, they may seem apprehensive or depressed until they can find a good reason to go online.

There are individuals who like to use the internet as a method of escape from their daily lives. Many will not even stop to talk with people who are visiting. This form of addiction is completely psychological

Gbgc Provide Industry Trends And Statistics Gaming

The most important decision to gamble a certain amount of money is based on three factors namely; the predictability of the event, how much to bet and the conditions agreed upon between the gamblers. Dice based games, card games and coin tossing games are the most popular non casino based forms of gambling:- sports betting and arbitrage betting are the most up-and-coming kinds of gambling. It is the loveliest activity for playing games very well. It is very latest internet betting, which is getting a lot of popularity among youngsters from all walks of life, young people and older people.

Author’s Bio: 

Gambling is the most indispensable event to the betting of money on an event with an uncertain outcome with intention of winning extra money. Today, computer technology is the most powerful form of entertainment and recreation and many more games.

Nowadays, games are offered in casinos, Red dog and blackjack, the table games like poker as also electronic games like Slot Machine and Video poker are the most common types of gambling. It is more competitive and professional game performed well by the online game players. It also shows that more and more people love to play very well in virtual casino gambling, especially for those people, who have grown to love casino and video games.. Today, internet gambling statistics have also predicted that Industry Trends are the latest trends that make you eligible for playing online games successfully. The proficiency of a gambler lies in performing the calculation between three parameters and making a brand decision about what amount should be kept on venture and how much to expect in the return.

Statistics gaming demonstrates that online casino is getting a lot of popularity across the world. It is playing an important role for introducing online gambling with excellent features. Industry Trends are the latest trends to make you eligible for online playing games.

Industry trends are the most up and coming trends to make you eligible for playing online games successfully. Recently, global market is very competitive, so online gamblers should be kept you up to dated and informed about the changing trends of playing various kinds of games around the world. Nowadays, internet gambling is the most popular game activity played very well around the world. Statistics Gaming explains that it has been proved as the most powerful addictive activity to keep the online gamblers on moving path with various kinds of gambling activities of whether they can earn or lose in great deal.

Warwick Bartlett is experienced writer, who will tell you that Statistics Gaming is the most suitable way to play gambling games in the virtual casinos. These trends are extremely treasured by worldwide players

Derivatives: Futures and Options

Futures are also agreements to buy or sell commodities at a certain predetermined price at some predetermined time in the future. 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. Here’s and example of an underlying asset.

Understanding Futures and Options

Options are basically of two types, a call option and a put option. Lack of knowledge coupled with greed, turn them into your worst possible nightmare. They can be used to hedge open positions in stocks and this makes stock trading safer. 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.

Below are some of the uses as listed by John C. But before you start thinking about having bigger yields out of these instruments, know a little more about them. Options are fantastic in their ability to cater to every possible need of the stock market trader. How else is it possible that just investing $10 should help you take positions worth $1000. 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).

Mastering these instruments can make you a millionaire overnight, but it is good to understand them first. The only difference between a normal spot transaction and a forward transaction is the time span between the contract and its fulfillment. Research them and you will find a very grim picture, more houses have been broken with these instruments than have been built. 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. 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.

Interest Rate Swaps

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. 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. 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. 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). 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.

They are simple financial instruments. 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. Know their uses and advantages, their drawbacks as well as their various types, namely forwards, swaps, futures and options.

What is the Derivatives Market?

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. 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’. 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. The only difference between them and the normal financial instruments (like shares), is just the little term called ‘underlying asset’. 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. Plain vanilla swaps, or the least complicated of swaps, allow two parties to swap their interest obligations. 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.

Uses in Investment Finance. Marginal swings in the value of these shares can leave you with the outcome – ‘Investment – $100 and Total Loss $100, 000′. They are a boon for the hedgers but not always so for the arbitrageurs and speculators.

These markets happen to be of two types. 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). These non-standardized financial instruments bear some amount of credit risk, since no exchange interferes between the buyer and the seller. On the other hand, forwards, swaps, and CDS are usually traded on the over-the-counter (OTC) markets. 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. 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. Shares of company XYZ have an intrinsic value of $20 each. They offer the trader, the option of passing on some of the risk that he’s bearing over to another party. For many of these instruments, small changes in the underlying asset can swing your fortunes from millionaire to bankrupt within seconds. Forwards contracts are over-the-counter contracts that usually trade on commodities. 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. The term futures encompasses all things like foreign exchange futures and stock index futures as well. 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. Not understanding how they work and investing large sums of money in them blindly is a folly. Options are not limited to the exchange traded derivatives markets and some are also traded on the OTC markets.

Options Contracts

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. 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.

Interest rate swaps are also derivatives for they too derive their values from the underlying debt instrument. By definition, they are financial instruments that derive their intrinsic values from the underlying asset that they are based on. 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. 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. First the futures and options are traded on the exchange traded derivatives market and are standardized instruments with negligible credit risk. 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. Even though you have invested only $100, the position that you had taken in the market was on $10000 shares. 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.

Learning about derivatives is one of the most important lessons to learn, for anyone making new forays into investment finance. You’ll know then, why all traders haven’t mastered the art yet and become overnight millionaires. While spot is an immediate, present tense contract, a forward is a later date or future tense contract that is just being finalized today. Hull in his 1999 book titled ‘Options, Futures, and Other Derivatives’.

They are very good risk management tools and are mainly used to hedge risks that a trader is routinely exposed to. 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. 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. 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. 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

Ex-NBA star went from $108 million to bankruptcy

As part of his gig with Morgan Stanley, Walker recently spoke to athletes at Boston College and the Seattle Seahawks about his mistakes.

“I thought I was set for the rest of my life,” Walker told CNNMoney. That’s how you lose your wealth real bad at the beginning,” Walker said. “My story is sad. The banks wanted their money back,” he said.

CNNMoney (New York) First published July 24, 2015: 9:29 AM ET

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. Walker didn’t serve jail time due to a plea agreement, but the former NBA star was ordered to pay off gambling debts.

2) Think about the future, not just the here and now. “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.

But first Walker had to figure out how he went from fat NBA paychecks to financial rock bottom. “Be prepared to use that word a lot,” he said.

“I gave them whatever they wanted and spoiled them. Walker quickly became a basketball superstar. You can’t do that,” Walker said.

Related: Andy Roddick: Safe investments can be sexy

Real estate firm goes bust: The real catalyst, Walker said, was the Great Recession. It went bad.

As if that wasn’t bad enough, Walker had unwisely put up his personal financial portfolio as collateral.

But like many professional athletes who experience a sudden explosion of wealth, it was all gone in an instant.

“I created a very expensive lifestyle.

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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. A year later he pleaded guilty to felony bad check charges, according to court filings.

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. He estimates he helped about 30 people move to “better situations.” He gave cash to many of them — often without holding them accountable. “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.

Walker filed for bankruptcy in 2010.

Advice for today’s stars: Walker has two simple pieces of advice he hopes the younger generate walks away with.

“These individuals are forced to make decisions as teenagers and these decisions impact them for a long time,” said Hawkins.

“We got caught in the recession. 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.

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.

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. Instead of thinking about the future, he spent lavishly on cars, jewelry and homes. He was named to the All-Star team three times and won the top prize in pro basketball with the Miami Heat in 2006. He ended up being forced to pay back about $20 million to banks. 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.

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. He’s working on “Gone in an Instant,” a documentary about his personal boom-to-bust tale. Despite pulling down more than $108 million during his career, Walker filed for Chapter 7 bankruptcy in 2010, just two years after retirement.

1) Get the word “no” in your vocabulary when dealing with friends and family. We had a ton of undeveloped real estate.

Given his humble beginnings, Walker wanted his friends and family to enjoy his riches as well. The economic chaos caused the implosion of Walker Ventures, his Chicago real estate firm