Understanding probability and calculating it is critical when taking on any business venture and/or investment.One sector that is starting to explode is the gaming/gambling sector.With sports betting slowly becoming legalized it is important for bettors and investors to know what they are getting into.

Check out these three publicly trading gambling stocks:

DraftKings:https://finance.yahoo.com/quote/DKNG?p=DKNG

Penn National Gaming, Inc. (PENN):https://finance.yahoo.com/quote/PENN/?p=PENN

MGM Resorts International (MGM):https://finance.yahoo.com/quote/MGM?p=MGM

Sports betting can be a very "taboo" topic/business.However, it is an up and coming sector of business and we need to all at least have a general knowledge of it.How can probability help you to become a better sports bettor?

How can probability help you when investing into stocks?

Which of the three stocks above do you think is the best investment?Why?

Is there another company in within this sector you could recommend to the class?