ETFs The Replacement Refs Might Like

Three weeks into the NFL season and it is safe to say coaches, fans and players are quite dissatisfied with the performance of the league's replacement referees. Well, those living in the greater Seattle are probably happy today following what some are calling
one of the most controversial endings to a game in the history of the NFL
. Things like this have a tendency to even out and any team that has "benefited" from the errors, miscues and botched calls of the replacement refs stands an equally good chance of suffering at the hands of these officials down the road. One thing is clear and that is fans are livid. The term "replacement refs"
has spiked in frequency of searches
, according to Google Trends. NFL Commissioner Roger Goodell's name is trending on Twitter. And now the replacement refs have to deal with a list of ETFs based on their dubious job performances.
Market Vectors Gaming ETF BJK
Most folks know the Super Bowl is one of the most wagered on sporting events in the world, the NFL's regular season is no slouch, either, and it puts people in the seats of Las Vegas sports books. When the usual officials are working, oddsmakers, handicappers and bettors do not think about who is officiating the games. That level of comfort has gone out the window with the replacement refs, who are
NFL wagering, as ESPN reported
. NFL betting is not a huge part of the bottom line for Las Vegas Sands
LVS
and Wynn Resorts
WYNN
, which combine for nearly 16 percent of BJK's weight, but in a fragile economy, BJK constituents cannot afford to lose business of any kind. If bettors think they are not getting a fair shake because of the replacement refs, they will not bet NFL games.
iShares Dow Jones US Medical Devices Index Fund IHI
It is bad enough that the replacement refs are impacting the outcome of games with poor calls, but one think no official in any sport should ever be doing is jeopardizing the health of the game's participants. Yet that is exactly what happened in Sunday's Dallas Cowboys/Tampa Bay Buccaneers game when a replacement official
threw his hat onto the field of play
, tripping a Cowboys receiver in the process. NFL players generally try to avoid needing the products made by the companies found in IHI because the healthier a player is, the longer he can play and the long he plays, the more money he makes. Simple math, really. It is probably just coincidence, but the ETF is up in both trading days following the hat incident.
VelocityShares Daily 2x VIX Short-Term ETN TVIX
The VelocityShares Daily 2X VIX Short-Term ETN is an exhcange-traded product
that will forever live in infamy. It is controversial, has destroyed value, made investors question the usefulness of such a product and jaundiced the exchange-traded products business. One might say the replacement officials have done the exact same thing to the NFL and its fans. For more on ETFs, click here
.

Posted In: Casinos & GamingConsumer DiscretionarynflReplacement RefsLong IdeasNewsSector ETFsShort IdeasSpecialty ETFsIntraday UpdateMarketsTrading IdeasETFs

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.