– Jeb Bush said during Wednesday night’s Republican presidential debate that Donald Trump wanted casino gambling in Florida. Trump never asked Jeb Bush personally to approve casino gambling.”
Bush said during the debate that he can’t be bought by donors and used Trump as an example.
The St. “I don’t think Jeb would have allowed it and I don’t think the Legislature would have passed it.”
TALLAHASSEE, Fla. “I knew that Jeb had no interest in introducing casino gambling in Florida and I politely told Fred that I could not and would not arrange a meeting with Jeb.”
Lobbyist Brian Ballard, who backs Bush and who represents Trump’s business interests in Florida, agreed that if Trump had asked Bush to support casinos, Bush would have said no.
As CNN recently reported, Trump donated to Bush’s 1998 gubernatorial campaign while he was actively lobbying to change gambling laws in Florida. His successor, then-Gov. The Seminole Tribe did open the Hard Rock Casino in 2004, but it did so with poker rooms, bingo and machines that looked like slot machines but were based on bingo. Bush replied, “No way, man.”
Before Bush took office, Trump was making plans for a Miami Beach casino if Florida voters approved a constitutional amendment. presidential candidates businessman Donald Trump (L) and former Florida Governor Jeb Bush talk simultaneously during the second official Republican presidential candidates debate of the 2016 U.S. Petersburg Times, published an article on June 18, 1998, with the headline, “Trump supports Indian casinos.” In the article, the St. Trump did push for it.
“Donald Trump has tried almost every year to have a casino, even before Jeb was governor,” said Danny Adkins, president of Mardi Gras Casino in Hallandale Beach to Politico. It doesn’t work that way in Florida,” Jones said. Citing Predictwise, Politico reports Trump’s likelihood of winning the nomination has also dipped.
“If I represented him then, I would have said, ‘Save your money. Petersburg Times writes, “Trump has teamed up with the Seminole Tribe of Florida. Jeb Bush is not going to be for destination resorts,” Ballard said.
Republican U.S. They didn’t and Trump’s plans fell through.
“It was pretty clear Jeb Bush wasn’t interested in casino gambling,” Thrasher said.
“He wanted to meet Jeb directly to discuss casino gambling,” said Bobby Martinez, who was the lead lawyer on Bush’s transition team. Dennis Jones was at Thrasher’s second meeting with Trump, along with another state senator, Jim King, and he confirmed Trump wanted to talk about casinos. Thrasher, now president of Florida State University, said during both meetings Trump pushed for Florida to sign a compact with the Seminole Tribe of Florida to allow casino gambling.
When it was pointed out to the Trump campaign that he actually was interested in casinos during the Bush administration, spokeswoman Holly Hicks said by email, “Mr. The stumbling block? Bush.. “Taxes would be able to be reduced substantially and Miami is the only place that Las Vegas is really concerned about–in the United States.”
But “personally” is a technicality. Now Trump wants to bring a resort casino to his Trump National Doral golf resort near Miami if lawmakers decide to expand gambling — an issue that comes up every year in Florida, but which the Republican-dominated Legislature continually rejects.
“I kind of smiled a little bit when Trump was saying it, that if he wanted it, he would have gotten it. Donald Trump retorted, “I did not.”
“The one guy that had some special interests that I know of that tried to get me to change my views on something that was generous and gave me money was Donald Trump. “It’s not even a secret.”
While Bush was in office The Seminole Tribe wanted to open the Hard Rock Casinos in Hollywood and Tampa and Trump wanted to manage them. The tribe wanted real slot machines and card games, such as blackjack and tried negotiating a compact with Bush.
At the time, early in Bush’s first term, Trump was working with the tribe on a deal to manage what’s now the Hard Rock Casino. The business magnate contributed $50,000 to Bush and also held a $500-a-person fundraiser for him.
Politico is also reporting that Trump fever may be dying down. presidential campaign at the Ronald Reagan Presidential Library in Simi Valley, California, United States, September 16, 2015.
Trump in the past has boasted that he’s influenced elected officials by giving them political donations, and Bush raised the casino issue to make the case that Trump couldn’t buy his allegiance.
Former Florida State Sen. He wanted casino gambling in Florida,” Bush said.
The casino dispute comes amid signs that Trump’s appeal may be lagging.
According to Politico, mentions of Trump on both television and radio have been trending downward, as well Twitter conversation relative to other candidates.
Trump’s on-again-off-again consultant, Roger Stone, told Politico Wednesday night that Trump technically withdrew from his deal with the Seminoles before Bush became governor.
“The bottom line is Donald Trump was interested in casino gambling in Florida, I can tell you that for a fact,” said former Florida House Speaker John Thrasher, who, according to AP, said he met with Trump twice and talked about the issue, once in New York and once in Trump’s Palm Beach Mar-A-Lago resort. Charlie Crist, did sign a compact allowing card games and slot machines, and the casino has become extremely successful.
Bush, who served as Florida governor from 1999 to 2007, staunchly opposed casino gambling. That deal eventually fell through, but not before Trump pushed Florida leaders to come to an agreement. The two have hired the same high-powered lobbyist to bring full-scale casino gambling to the state.” Trump had hired former Florida statehouse speaker Mallory Horne to lobby on gambling issues for him.
After Bush was elected and before he was sworn in, lobbyist Fred Baggett repeatedly tried getting a meeting with Bush to push the compact.
Bush never did agree to expand the games. “I promise, if I wanted it, I would have gotten it,” Trump claimed, during the exchange. Jones said Trump also said he wanted to be a player if Florida ever approved destination casino resorts, which Trump is still interested in.
As it turns out, Trump wanted casino gambling in Florida and failed to get it under Jeb Bush’s administration, despite donating money to the state Republican party and to Bush, the Associated Press (AP) and Politico report.
News articles across Florida have documented Trump’s interest in getting a piece of Florida’s gaming industry – from hiring lobbyists to taking a former business partner to court, according to Politico.
“If Miami doesn’t do casinos, that would be a terrible mistake,” Trump told The Miami Herald in 2013
BoDog requires that bettors must not have knowledge of an event’s outcome. The players in question opened accounts with BoDog before “Survivor: Marquesas,” the fourth show, and bet only on the show and no other events.
Odds will be offered on the seventh “Survivor” but all bettors will be carefully monitored, BoDog President Rob Gillespie said in a statement.
“Throughout the history of ‘Survivor,’ many have believed they knew the outcome of the show,” Ender said. “Some have been right, many have been wrong.”
“Only ‘The X-Files’ has more conspiracy theories than ‘Survivor,'” CBS spokesman Chris Ender said. Callers to the Bodog.com offices were told that wagers were no longer being accepted on “Survivor.”
He wasn’t aware of any other possible legal sanctions.
They wagered correctly on who would be the final two contestants in both the fourth and fifth editions of “Survivor,” Bradley said. Bradley said that bets taken from those alleged to be with CBS skewed the odds significantly on “Survivor” contestants.
For the current “Survivor,” the bets in question affected the odds for contestants Jenna Morasca of Pittsburgh, Pa., and Matthew Von Ertfelda of Washington, D.C.
“We’re pretty sure this is the case,” Bradley said. Most offshore sportsbooks accept such alternative bets, said BoDog’s Bradley.
At least two players have been identified as CBS employees and other names may be connected to the network or may be aliases, Bradley said.
The players’ current bets on “Survivor: Amazon” have been canceled and their money refunded, Bradley said. Asked if BoDog might consider legal action, he replied: “It’s not something we’d want to pursue, as a matter of precedent.”
Betting on events other than sports or racing is banned in Las Vegas sportsbooks, a spokeswoman for the Nevada Gaming Control Board said Thursday. The winner is unknown until he or she is chosen in a vote by other contestants during a live broadcast.
An online sportsbook said it has dropped betting on CBS’ “Survivor” after allegedly finding that network employees were wagering – and winning – on the hit reality show.
The Costa Rica-based BoDog.com found at least two CBS employees betting on the show’s outcome, said BoDog spokesman Lance Bradley
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That surpasses the 40 million pounds placed on the 2012 U.S. This material may not be published, broadcast, rewritten, or redistributed. “But my big win is to leave the E.U.”
Betfair, bookmakers Ladbrokes and Paddy Power and the Betting Research Unit at Nottingham Business School all estimate that the total value of bets on the vote placed in Britain will reach, and likely exceed, 100 million pounds.
The betting has also gained the attention of global investors as a gauge of the likelihood of an event’s outcome. “This is comfortably the biggest political betting event in history and dwarves both the general election and the Scottish referendum,” says Lewis Davey, spokesman for Paddy Power, referring to the Scottish vote on independence last year.
“This is a historical event, and I want to take part in it,” said Can Zhao, an investment researcher who last week placed a 135-pound ($198) bet on “remain” at a Ladbrokes betting parlor near London’s Kings Cross train station.
Betfair allows people to place wagers against each other rather than setting odds like the traditional bookmakers. The industry is expecting 100 million pounds, or nearly $150 million, to be wagered by the time the result is known in the early hours of Friday.
LONDON — As if the stakes were not high enough in Britain’s nail-biting vote this week, people are betting record amounts of money on its outcome.
For Stephen Jones, 55, betting is a form of insurance against disappointment. That’s reflected in financial markets, where stocks and the British pound are relatively buoyant one day before the big event.
Betting is his way to get in on the drama because as a foreign citizen from China he will not have a right to vote. That’s particularly true since pollsters have missed badly in measuring sentiment before some of Britain’s most recent votes, the last general election and the Scottish referendum..
Thursday’s vote on whether to leave the European Union, which will have lasting consequences for the country and Europe, is due to break the record as the most bet-upon political event in Britain’s history. Ladbrokes has seen a tenfold increase in recent years.
Betting exchange Betfair says it had taken 45.8 million pounds in wagers on the E.U. The referendum also outmatches the 35 million pounds placed on the 2014 World Cup Final.
“If we are going to remain in the E.U., at least I will take compensation,” said Jones, who expects to get 3,000 pounds back in profit in such an event. Spread betting, on the other hand, does not provide a simple win or lose outcome, but can provide payoffs based on the accuracy of the bet. But the importance, drama and uncertainty that have surrounded this vote have made it a spectator sport in its own right. vote as of Wednesday and expects a final amount of 50 million pounds. He was back in the betting shop this week to place additional wagers on behalf of three American friends.
Such betting fever is normally associated with major sports events, with people here habitually placing wagers online or in betting shops on everything from horse races to football matches. presidential race, which was its previous record for a political event. referendum betting already hit a record for a political event days ago for Betfair, bookmaker BetFred and IG, the largest provider of spread betting services.
Betting on political events used to be a niche area in the gambling industry but has become more widespread, particularly in Britain. Polls suggest it is too close to call, while bookies give the “remain” side a higher chance of winning.
E.U. All Rights Reserved. It has become increasingly popular, particularly to bet on financial markets.
The bookies’ odds have largely been in synch with global financial markets. While the polls show this week’s vote is too close to call, bookies like Betfair are giving the “remain” side a 76 percent probability of winning
Ebay stores are much less expensive for volume listings and will result in lower overall selling fees increasing your profit margins. If you have some money to invest and don’t mind waiting a bit to maximize your returns selling through an Ebay store is a good way to accomplish your goals. If you are careful in your research and look for high quality, high profit margin items to resell you will easily be able to generate a solid income through the use of Ebay arbitrage. In general though, auctions closing at less peak traffic times or on slower days will be where the values are most easily found. First, it helps if you have an idea of what collectibles and other unique goods are worth. They make their money off the flux in prices in the marketplace.. Make the decision on an item and move on looking for other great items to resell.
The higher your potential profit margins the better your chances of making a solid return on your investment for your time. Another advantage of using the autobid feature is that you do not need to baby sit the auctions you are bidding on at any time, the program does it for you. You will also need to take the condition of the item and the number of listing competing into consideration when making your selections. The higher your potential profit margin, the lower you can list your auctions to guarantee the auction will close with bids.
Once you have done your basic price research, you will know the possible upside potential of the items you are thinking about buying to resell. Be certain to make your auction listing better than the one that did not sell, or adjust the closing time of the auction a bit to help improve the selling price.
Making money selling with Ebay arbitrage is not difficult, but you will need a few basic skills to get you started. You take your profit margins off the difference between what you buy for, what you sell for, less your listing and closing fees.
What You Will Need to Make Money on Ebay with Arbitrage
One of the best make home from money with Ebay strategies ever is Ebay Arbitrage. Some people elect to do both, turning the more expensive parts of their merchandise around more quickly by listing a portion of their items at auction and then promoting their store via their auction listings. As a rule, auctions closing during the evening hours throughout the week and during daytime hours to early evenings on the weekends do the best price wise. The easiest way to do this and avoid auction fever, with the resulting over payment, is to set up autobid. You look for very low priced items at auction which are closing soon and are a steal to purchase. Do give yourself every opportunity to improve the selling price of your Ebay auction listings. Most auctions closing in prime time will go for prices either at or above market value, although some will close lower than they should. Everyone loves a deal on Ebay. Your search will now bring up the history of the closing prices of similar items and what they have closed for. With autobid, you set the upper limit of your bidding range so there is no worry that you will end up paying more than you wanted to for the item. The only thing you are after is a way under priced product that you can relist immediately and resell quickly for a profit. You are looking for items with huge value that you can pick up for a pittance, relist either at auction or in an Ebay store immediately and resell quickly. Knowing your prices is helpful, but not essential to your success. Even more astonishing is how rapidly you can build a full store inventory of highly profitable items with very little front money. If you have enough money to let your items sit around for awhile before you resell them, making use of an Ebay store rather than auctions is a good way to go. Focusing on unique products with high desirability will allow you to turn over your merchandise quickly enough to keep even the most rabid bargain hunter browsing through your Ebay stores looking for your best and latest deals.
How to Make Money on Ebay
Arbitrage on Ebay is just exactly what you may be thinking. Usually these items have very poorly written auction listings, new sellers, or sellers with questionable feedback ratings. Take a look at the auction listings and see how the ones with the highest closing prices were written and then incorporate the basic layout in your auction listing.
After you have established that you have an item which is potentially profitable, you can go ahead and place your bid. Provide one and you will make the sale.
Another way to improve the profitability of your Ebay business is to decrease the cost of your Ebay listing fees. Look for items with at least 200% markup wherever possible and a solid history of 50% or better auctions closing as sales. What is arbitrage exactly? The term arbitrage comes from the financial world and means the simultaneous purchase and sale of the same product or commodity. If you question the worth of a product you are considering buying, your best bet is to sign into your Ebay account and do a search for the item you are considering purchasing for immediate resale. Autobid allows you to make your initial bid and then authorize your bids to rise at a set amount if someone else out bids your offer. People who make money from arbitrage buy low and sell at a higher rate without holding onto the product or commodity for more time than is absolutely necessary. As soon as you have sent your payment, rewrite and relist the item for auction. Go to the advanced search section, put in the description title of the item as it is listed and tick the box which shows closed auctions. Utilizing both a storefront to lower selling costs and auction listings for fast product turn over and store promotion is a useful strategy.
Upon winning an item you should make your payment immediately to the seller via Paypal to speed the transaction. One other point, your auction listings must also close with enough time for you to have the item mailed to you before you can reship it to another, so be careful of your time frames. Time is money, so limit the amount of time the item is in your possession to maximize your profitability.
Make money with Ebay at home is both an excellent and legitimate way to earn extra money fast
Gambling Help Online – for problem gambling counselling and support (Australia-wide), 24 hours, seven days
Gamblers Anonymous Tel.
Don’t try to take control of the gambler’s life. Do not help them lie and deceive.
Practical steps to avoid financial harm
Coping with a family member or friend’s gambling behaviour can be exhausting. Spending time with others socialising can relieve stress.
Support them in their struggle, but don’t take on their burden.
The gambling is the problem, not the person.
You are not to blame for their behaviour. For example, let them deal with creditors and their employer. You don’t need to talk about your concerns if you don’t want to.
You cannot force them to stop gambling.
You have the right to feel safe, and emotionally and financially secure.
It’s not your fault
This page has been produced in consultation with and approved by:
Victorian Responsible Gambling Foundation
You may need to put emotional and physical distance between yourself and the gambler.
Photocopy (and keep in a safe place) copies of important documents such as house title, marriage and birth certificates, and tax file numbers.
Don’t sign anything you don’t understand or are not prepared to pay for. Consider talking frankly to other affected members of the family so you can support each other.
Counselling or self-help groups can assist you in making decisions about your relationship.
In most cases, people who have a gambling problem have difficulty handling money when gambling opportunities exist. It won’t work and will make you unhappy. If not, you may need to maintain separate bank accounts and credit cards.
Remove your name from joint accounts to avoid inheriting the gambler’s debt. Avoid trying to protect them. General suggestions include:
Seek professional advice about how to protect your family’s assets and income.
Do not lend the gambler money.
Do not pay the gambler’s debts. Your relationship with them may cease or dramatically change in the short or long term. (03) 9696 6108 – support group for people with a gambling problem
Gamble Aware – information about the odds of winning, how gambling works, and when to stop
Financial and Consumer Rights Council Tel.
Your relationship with the gambler
Coping with a loved one’s problem gambling can be very distressing. Communicate your feelings carefully and openly. Readers should note that, over time, currency and completeness of the information may change.
Do not lend EFTPOS or credit cards or share ‘pin’ numbers, or leave that information where it can be found. Talk with a professional who understands problem gambling if you are starting to experience overwhelming sadness, anxiety or anger. It may be helpful to seek support from others. Take steps to protect yourself and the people around you from financial harm. Counselling or self-help groups can help you make important decisions about your relationship.
Gambler’s Help is a free service for people who are affected by gambling. Choose to say ‘I can’t do this for you, but I will be with you while you do it’.
Allow them to take responsibility for their behaviour.
Confide in people you trust
Friends or family members can often feel isolated and alone. Maintain your friendships, continue with your interests and hobbies, and do things that you find enjoyable.Look after your health
Free, professional, confidential counselling for people for whom gambling is an issue
Counselling for the family and friends of people for whom gambling is an issue
Financial counselling to help people with gambling-related money problems
Advice on self-exclusion programs and other support services
Community education to help communities reduce the negative effects of gambling.
Where to get help
Your doctor or other health professionals
Gambler’s Help Tel. 13 11 14
SuicideLine Victoria Tel.
Relate to them as an equal person. It is important to remember:
You cannot force your family member or friend to acknowledge that their gambling is a problem. Use your energy to help change your own situation rather than theirs. It is important to protect yourself from any harm that may arise from your family member or friend’s problem with gambling.
Seek legal, financial and other advice to explore your options.
Check the mail yourself for bills.
Keep records of all finances including assets, income, expenses, contributions and gifts. A gambling counsellor can give you other suggestions on how to look after yourself.Making decisions about your relationship
Page content currently being reviewed.
Content on this website is provided for education and information purposes only. Content has been prepared for Victorian residents and wider Australian audiences, and was accurate at the time of publication. A gambling counsellor can help you avoid a bad credit history if you have joint credit or loans with the gambler.
Take control of finances, for example, organise direct debits for bills, mortgages and regular debits, and limit access to cash.
Let the gambler know you want to help. Contacting a gambling counsellor is a good place to start. If taking action puts your safety or the safety of others at risk, you may need professional help.
Relationship counselling and mediation can be a safer alternative for discussing problems and seeking solutions if there is a communication breakdown between you and the gambler. Suggestions include:
Inform the gambler of the negative impact that their gambling is having on you. All users are urged to always seek advice from a registered health care professional for diagnosis and answers to their medical questions.
Decide if you can manage the gambler’s money. Talk to trusted people who will not judge you or the person that gambles. There are Gambler’s Help services available throughout Victoria, which provide:.
Seek support for yourself
Problem gambling can strain relationships. Information about a therapy, service, product or treatment does not imply endorsement and is not intended to replace advice from your doctor or other registered health professional. 1300 651 251
Things to remember
You have the right to feel safe, and emotionally and financially secure.
Seek professional advice about how to protect your family’s assets and income.
Talk to trusted people who will not judge you or the person that gambles.
No matter what you say or do, ultimately the only person who can stop gambling is the gambler. 1800 134 139 or (03) 9663 2000
Budget and allow each member of the family some spending money, including the problem gambler. Consider talking frankly to other affected members of the family so you can support each other.Socialise with others
A healthy diet, regular exercise and adequate rest can improve your wellbeing, and increase your resilience to stress. You can convey a willingness to support them. Having time out to do things you like can stop you from getting consumed by someone else’s gambling. They may feel out of control, embarrassed or ashamed
If the stricter laws are sanctioned, such disparity will soon be a thing of the past.
The relatively easier law that governs offshore gambling ventures was adopted by the UK online gambling legislation in the year 2005. The results have been worth a glance.
In the recent turn of events, UK officials have decided to investigate the online gambling taxation scenario in the country and have declared that a commissioning body has already been formed for the same.
The commission that has been formed by the UK officials has been established with the purpose of analysing the relevance, bearing and outcome, should a secondary taxation be implemented on the offshore operators. Speaking about the issue, Ralph Topping, CEO, William Hill, said, “Money will always find a way out. With this new law being passed, William Hill would be back to the mess it was in three years back. As a result of this, the government has decided to apply a secondary tax on all such offshore gambling ventures.
The survey revealed that should the taxation be levied on such operators, gamblers and betters in UK would not shy away from playing at unlicensed sites, just to avoid the complications. More people will go overseas or to fly-by-night, unregulated sites where the consumer is not protected. There is a major discrepancy in the profits earned by the offshore and local ventures, thanks to the extremely lenient taxation rules that are levied on the offshore operators. I hope the Government sees sense on this.” For the very purpose of evading high taxes in the UK, William Hill had moved its operations headquarter from the country to Gibraltar. Going by the report, tough times are predicted for offshore online gambling operators as the government plans to impose taxation laws that promise to be more stringent than they have been in the past. Currently, the offshore operators who provide online gambling facilities in Britain have an upper hand on the British operators which has, understandably, disgruntled the local land and online operators. This survey conducted by William Hill also brought to light the fact that if the tax is 10%, ventures would lose 27% of their revenue while if the tax is 15%, ventures would lose as much as 40% of their revenue. With so much talk surrounding the UK government’s impending secondary taxation and licensing implementation, legendary William Hill decided to go ahead with its independent survey. However, there are other ventures like Rank PLC that believe giving offshore ventures the advantage of not having to pay tax is against the EU legislation.. However, since the time of its inception, this has come under scrutiny and has been widely criticised not just by local land-based casinos and betting establishments related to sports but also by several prominent politicians and public figures of the country. Views of many of experts from the industry as well as several gambling ventures representatives will be considered by the committee before a conclusion is arrived at. With a growing number of people voicing their opinions against this glaring differentiation, the government of UK has been forced to rethink its policies. Owing to such rules, offshore ventures have managed to cash in much more than their UK-based operators have been able to do
. In 1997, published reports put the total number of operating online casinos at 15. Like the Communications Act passed in the 1930s, technology has now leapfrogged the law. That makes for an Internet gambling environment too porous for U.S law enforcement to plug. Passed during the term of crime-fighter Attorney General Robert Kennedy, the law was intended to outlaw betting over telephone lines.
One major barrier to profitability is the law.
But a hard-core base will continue to turn to Internet betting for its clear advantages. “We get daily reports, and you’ll see these people who spend a couple of hours gambling, and the total amount they bet is like $1.81,” says Thomas Holmes, Inland’s head of technology. college and professional sports. Almost all online gambling sites work the same. Casino games are available on a site or via downloadable software. The Justice Department doesn’t think that online casinos (including those that offer gambling on sports events) can legally conduct business in the United States, even if they are based in places where gambling is legal.
All the sites indicted by the U.S. Justice believes that any legislation addressing criminal misuse of computers or computer systems (including the Internet) should have three vital characteristics. “I wager on football games and usually bet in the neighborhood of $1,000 every weekend. Tony Cabot, an attorney specializing in gaming issues, says flatly, “When you see Kerry Packer get together with Microsoft, you have to believe there is a future for this type of wagering.”
Although it uses a CryptoLogic template similar to several other online casinos, Kennyrogerscasino.com may be unique in letting bettors wager as little as a penny at a time. The American Gaming Association, a trade group of gaming firms, maintains this view regarding online wagering: “The industry has been state-regulated and we think it should remain that way.
The office of U.S. The defendants, many of whom live abroad, were threatened with up to five years in prison and $250,000 fines. attorney’s case involved the casinos’ sportsbooks. According to an analysis by Sue Schieder of Rolling Good Times, the online gambling magazine, the new legislation would not punish the casual bettor.
But over the last several months, at least some traditional casinos have pursued the time-honored strategy of joining an Internet gambling trend that they can’t beat. Failure to account for that specificity in legislation could stifle the Internet’s growth or chill its use as a communications tool. White’s hesitancy suggests that the law may not be as solid as she thought when she indicted. But the travails associated with fending off lawsuits have essentially put the company out of business. “I use the service because it’s convenient and I have access to it when I want,” says one online gambler. “Since there are no controls at present regarding Internet wagering, I would urge investors to shun these firms at present,” he says. But they say the more bettors, the better. 474, introduced into the Senate by Arizona’s John Kyl in 1997 as the Internet Gambling Prohibition Act. One of Microsoft (MSFT)’s less-publicized adventures is Ninemsn, an Australia-based Internet service to which Bill Gates has pledged tens of millions of dollars. The Internet is presently unregulated and we support a federal law regulating Internet gambling.”
So how is it that these companies appear to operate legally, but a dozen Caribbean cowboys found themselves under felony indictment?
Does the seeming invincibility of online gambling make it an enticing business? Jason Ader of Bear Stearns, urges caution. At one point, Interactive Gaming looked like it could be an industry leader. Bets generally range from $1 to as much as $300.
Take Interactive Gaming and Communications, another publicly traded company, located in Blue Bell, Pa. Says Opel, “Bringing in the big names and established companies only adds credibility and visibility to what we’re already doing.”
Is it legal?
A few hurdles have to be cleared before such ventures can take off – beginning with the federal government. Says Sinclair of Christiansen/Cummings: “You are going to feel more comfortable wagering with a Hilton than you will with Joe’s Casino.”
But the growing acceptance of online betting and the Internet’s inherent ability to shatter jurisdictions bring the inconsistencies of American gaming law to a boil. Nor would it prohibit online fantasy sports leagues, online lotteries in states where they are legal, or online betting on any live horse race where it would otherwise be lawful to wager. They almost always include slots, blackjack and video poker, but many sites carry more exotic games, from baccarat to pai gow. has had little cooperation from any other nation. “Federal legislation will make it difficult but not impossible for Internet gamblers in the U.S. “And it is possible that records could be subpoenaed of various banks where these companies maintain accounts.”
First, legislation should treat physical activity and cyberactivity in the same way. “The telephone is being used to facilitate these wagers and I believe the government has a solid case,” explains Tony Cabot, a Las Vegas-based gaming lawyer and author of a book on Internet gaming.
Similarly, the Las Vegas-based public company American Wagering, owner of Leroy’s Horse and Sports Place in Nevada, also operates a sports gambling site located in Canberra called MegaSports (www.megasports.com.au). “Ultimately, Internet gambling operators are selling a product.
Is Microsoft betting too?
The potential action is too compelling for even the largest tech tycoons to resist.
Gambling is as at least as old as Christianity (that is, if Ben Hur can be trusted).
The amount spent on Internet gambling is harder to calculate. Kyl introduced a revised version earlier this year, removing some of the more onerous and hard-to-enforce provisions. Today, a roster on one “gambling portal” site lists well over 200. Packer is a man with a voracious gambling appetite. Attorney White has proceeded slowly and quietly. attorney for the Southern District of New York, indicted 14 managers of six Internet companies for offering gambling on their sites. Aruba, for one, is refusing to extradite any indicted individuals to the U.S., and thus far the U.S. The Standard obtained a Department of Justice analysis of the bill S. In most cases, this means operating out of Australia. (The company’s Indian casino and Web-development divisions make more.) “This is the really exciting point, because I know where it goes from here,” Speer said in an interview.
Today, Americans spend some $600 billion a year on legal gambling, making it by far the favored national pastime. For decades, Vegas was about the only legal option for gamblers.
It’s not because they operate in any fundamentally different way. As Timothy L. For one thing, gambling from one’s home allows for a variety of techniques that would get one tossed out of a regular casino. Would-be wagerers open an account with a credit card, although some sites also accept cash and cashier’s checks. (The company did not respond to repeated requests for an interview.)
Group calls for regulation of Net gambling
For years, another barrier to the growth of Internet gambling has been strong opposition from those most threatened by gambling sites: legal American casinos.
Prosecutors focus on sports betting
Intriguingly, though, all the bets that make up the U.S. In November 1998, for example, a division of Hilton Hotels acquired the company that runs Centrebet, a Web and telephone sports-wagering system based in Australia (www.centrebet.com.au). But as more and more traditional firms become involved, the consumer will look for the brand name. FBI agents placed bets on games – uniformly National Football League matches, although many other options are available – and followed up, whether they won or lost. If, on the other hand, an activity is in the physical world – betting on horses, or casino betting with Indian tribes – it becomes subject to federal criminal sanction when it occurs in cyberspace.
The original version of Kyl’s bill failed most of these tests. In the ’70s, Atlantic City legalized casino gambling; in the ensuing decades, state lotteries, Indian casinos, gaming ships, offtrack betting parlors and card clubs have sprouted across the landscape.
Finally, the DoJ believes that any federal law must recognize that the Internet is different from other communications media: It’s a multifaceted communications medium that allows for both point-to-point transmission between two parties (like the telephone), as well as the widespread dissemination of information to a vast audience (like a newspaper). If an activity is prohibited in the physical world but not on the Internet, the Internet becomes a safe haven for that criminal activity. The minimum amount to begin an account varies. That figure exaggerates the size of the Internet gambling sector, since some companies operate more than one online betting parlor.
If such gamblers are not satisfied by options available to U.S. That may suggest that, as some legal observers have argued, the 1961 federal Wire Act is too old and too loosely written to prohibit online gambling. Why should it be legal to bet online on a horse race in another state, but not legal to bet on a basketball game in one’s own state? If Native American tribes can establish new, legal, physical places where adults can gamble, why shouldn’t someone be able to do the same in cyberspace?
Second, legislation should be technology-neutral. One Australian state, Queensland, is already awarding licenses for online gambling, and others may follow soon. He claims Inland’s Internet gambling business went slightly into the black in March, on annualized revenues of about $1 million. In January, MegaSports began taking Internet bets from Australians; it expects soon to allow global gambling on sporting events. But according to Inland CEO Don Speer, elusive profits need not be one of them. “Think about what would happen to Wal-Mart (WMT), General Motors or Microsoft if these companies had to continue to dodge federal roadblocks to access their customers,” says Sebastian Sinclair, senior associate at Christiansen/Cummings Associates, a management consulting firm. The Wire Act obviously has no mention of wagering over the Internet. attorney’s office theoretically operate out of the Caribbean. In a highly publicized March 1998 “raid,” Mary Jo White, the U.S. I’ve not had problems being paid.”
The prosecutors’ focus on sports bets appears to stem from legal precedent in the law they relied on. But following a 1997 indictment, the state of Missouri settled a suit against the company and its president, Michael Simone, for about $35,000. Together, these sites have about 4,300 registered customers in 96 countries around the world. The vast majority of customers will satisfy their demand for commercial gambling through less onerous and risky alternatives, such as lotteries, bingo, pari-mutuels and casinos.”
Internet Gambling Worldwide, Past and Future
Nonetheless, some experts think the case could be made to stick. But even if Congress comes up with the best-crafted legislation in history, there are significant factors beyond its control. O’Brien observes in Bad Bet, his comprehensive account of America’s gambling industry, “Judging by dollars spent, gambling is now more popular in America than baseball, the movies and Disneyland combined.”
That partnership leads many observers to believe that an online casino – using Microsoft platforms, of course – is in the works. to gain access to offshore sites,” says Sebastian Sinclair of Christiansen/Cummings. Her higher-ups in the Justice Department appear to agree. Legislation tied to a particular technology may quickly become obsolete and require further amendment. Anyone over the age of 18 can set up an account with Centrebet and place money on a variety of worldwide sporting events, including U.S. (However, an HBO sports program attempted to locate one of these ventures in Aruba, and ultimately found that the genuine server was in a residential neighborhood in Bethlehem, Pa.) And the Caribbean nations would like to keep their haven status.
More than a year later, however, no cases have come to trial, and nine defendants have accepted plea bargains for state misdemeanor charges with no jail time. Even the precise number of online casinos is hard to calculate. Estimates range from $650 million to $1 billion a year, worldwide – a tiny fraction of the amount spent on more traditional formats. Even the firms that have enjoyed some stock-price popularity – such as Youbet.com – have shaky fundamentals. In 1998, the Senate passed, by a large margin, an amendment prohibiting Internet gambling, but that bill died before becoming law. Their case is based on the 1961 Wire Act. Blackjack players can very easily count cards, or even consult odds charts; the Kennyrogerscasino.com site actually has a printable chart showing the best strategy for every possible hand of blackjack. A Ninemsn spokesperson says that the site does not now offer online gambling and would not comment on future plans.
You might think that the prospect of competing against the likes of Microsoft would terrify a $20 million company like Inland. Legislators have considered enlisting Internet service providers to patrol for undesirable sites, although Internet gambling insiders consider that proposal dead on arrival. His equal partner is Australian tycoon Kerry Packer of the Crown Casino in Victoria. … About 2,000 years later, Bugsy Siegel took the concept a step further and built the Flamingo Hotel in the desert town of Las Vegas. Inland, for example, operates two Web sites in addition to the one bearing Kenny Rogers’ likeness: Casinoaustralia.com and Goodluckclub.com. And for sports bettors – who make up a majority of online gamblers, according to industry insiders – the ease of using cyberbookies can’t be beat.
Running an online casino carries all the usual challenges of Internet businesses, from low click-through rates to servers that fail. citizens, it will be increasingly tempting for them to turn to locations abroad
Proposition bets are wagers made on a very specific outcome of a match. “Sports betting should be legal in the Garden State”. UK format (fractional odds) are used by British bookmakers. Sports Scandals Westport, Connecticut: Greenwood Press ISBN 978-0-313-34458-9
Boyd, Kier (1981). In these bets, bettor predicts competitors results against each other and not on the overall result of the event. This bet can be placed on the spread(Line) or over/under. They were often descendants of the influx of immigrants coming into the USA at this time. Retrieved 22 June 2013.
^ “How Hansie Cronje became most infamous villain in cricket’s fixing scandals”. “Sport” Sullivan was an American bookmaker and gambler from Boston, Massachusetts who helped to initiate the 1919 Black Sox Scandal.
Sporting man culture
5 Famous betting scandals
6 See also
9 External links
Famous betting scandals
On December 7, 1980 the San Francisco 49ers overcame a halftime deficit of 28 points in what became the greatest regular season comeback victory in NFL regular season history. They are the ratio of the amount won to the stake – the solidus “/” is pronounced “to” for example 7/1 “seven to one”. Decimal odds of 2.00 are an even bet. Age proved to be a divide: Voters between the ages 18-34 were more likely to approve of sports betting than older voters. Martin’s Press ISBN 1-57954-927-6
Thompson, William (2001). NJ Voters Favor Sports Betting, but not Tax Credits for Meadowlands Developer (press release)
^ Fairleigh Dickinson University’s PublicMind, (April 20, 2009). For example, a bettor could include four different wagers in a four-team parlay, whereby he is wagering that all four bets will win. Opinion divided, but majority give the state the green light to allow sports betting in defiance of federal law (press release)
^ Fairleigh Dickinson University PublicMind Poll “US Public: Keep Las Vegas in Las Vegas” press release (March 2010)
^ Shriver, Roger. To determine who wins against the spread, the line is either added or subtracted from a team’s final score. According to the Telegraph in 2010, Cronje was paid off a total of £65,000 from Gupta.
Friendly political wager
Sports betting systems
Statistical association football predictions
A 1906 betting scandal between the Massillon Tigers and Canton Bulldogs, two of the top teams in professional American football in the early 1900s, led to the demise of “big-money” professional football for several years. “Sports News”. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on Association Football (Soccer), American Football, Basketball, Baseball, Hockey, Mixed Martial Arts, and Boxing at both the amateur and professional levels. Successful bookmakers must be able to withstand a large short term loss. Retrieved 20 October 2014.
The bookmaker functions as a market maker for sports wagers, most of which have a binary outcome: a team either wins or loses. In general, most sportsbooks will prefer this type of wager due to the low win-probability, and also the longer period of time in which the house holds the player’s money while the bet is pending.
Head-to-Head. Betting the Line Columbus, Ohio: The Ohio State University Press ISBN 0-8142-0880-0
Finley, Peter (2008). (For instance, Mickey Mantle and Willie Mays were both banned from baseball in 1983 after taking jobs as casino greeters (which would have expelled them from the Hall of Fame had it been allowed to stand); they were reinstated two years later. Examples include predicting the number of goals each team scores in a handball match, betting whether a player will score in a football game, or wagering that a baseball player on one team will accumulate more hits than another player on the opposing team.
Parlays involve multiple bets (usually up to 12) and will reward a successful bettor with a large payout. Odds are also quite often expressed in terms of implied probability, which corresponds to the probability with which the event in question would need to occur for the bet to be a break-even proposition (on the average).
In 1919, the Chicago White Sox faced the Cincinnati Reds in the World Series. are far less likely to vote than other voters… US Public: Keep Las Vegas in Las Vegas (press release)
^ Coffey, Sarah (May 25, 2012). In totalizators (sometimes called flexible-rate bets) the odds are changing in real-time according to the share of total exchange each of the possible outcomes have received taking into account the return rate of the bookmaker offering the bet. The spread, or line, is a number assigned by the bookmakers which handicaps one team and favors another. Sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests such as Horse Racing, Greyhound Racing and illegal, underground Dog Fighting.
Betting on the Favorite, an 1870 engraving published in Harper’s Weekly
Retrieved from “https://en.wikipedia.org/w/index.php?title=Sports_betting&oldid=737074704″
The majority of legal sportsbooks are found online, operated over the internet from jurisdictions separate from the clients they serve, usually to get around various gambling laws (such as the Unlawful Internet Gambling Enforcement Act of 2006 in the United States) in select markets, such as Las Vegas, Nevada, or on gambling cruises through self-serve kiosks. Naturally the more money bet on a certain result, the smaller the odds on that outcome become. For example, in the NBA, when two teams play each other, one is perceived as being more likely to win. Although the common stereotype is that these bookies were of Italian descent, many leading bookies were of eastern European ancestry.
Odds for different outcomes in single bet are presented either in European format (decimal odds), UK format (fractional odds), or American format (moneyline odds). Results showed that nearly half (45%) of voters wanted to allow sports betting, while (38%) decided to wait and allow sports betting once Congress allows it. “NFL and ICC’s Stance on Betting”.
^ Finley, 2008
^ “Famous Cricket Spot-Fixing and Betting Scandals”. Such a bet must be made before the season starts in September, and winning bets will not pay off until the conclusion of the Super Bowl in January or February (although many of the losing bets will be clear well before then and can be closed out by the book). 55 Austrian tennis player, Daniel Koellerer, became the first tennis player to be banned for life for attempting to fix matches. The NCAA has threatened to ban all playoff games in Delaware if the state allows betting on college sports. New Jersey, which is also interested, has been similarly threatened.
In Asian betting markets, other frequently used formats for expressing odds include Hong Kong, Malaysian, and Indonesian-style odds formats. Gambling in America–An Encyclopedia of History, Issues, and Society Santa Barbara, CA: ABC-CLIO ISBN 1-57607-159-6
Interestingly for New Jersey, in a national poll released in December 2011, Fairleigh Dickinson University’s PublicMind asked voters whether they “support or oppose changing the federal law to allow sports betting” in their respective states. If any of the four bets fails to cover, the bettor loses the parlay, but if all four bets win, the bettor receives a substantially higher payout (usually 10-1 in the case of a four-teamer) than if he made the four wagers separately.
Progressive parlays. The bookmaker accepts both wagers, and maintains a spread (the vigorish) which will ensure a profit regardless of the outcome of the wager. If the player’s first selection complies with the condition (clause), then the second selection will have action; if the second selection complies with the condition, then the third selection will have action and so on.
Run line, puck line, or goal line bets. Before game 5 of the 2012 NBA Finals, the Miami Heat were expected to beat the Oklahoma City Thunder. These bets feature a fixed point spread that (usually) offers a higher payout for the favorite and a lower payout for the underdog (both in comparison to the moneyline).
Future wagers. Odds for such a bet generally are expressed in a ratio of units paid to unit wagered. The resulting bet that is placed is won or lost only on the points scored by both teams in the second half only.
In-play betting. On the other hand, the CEO of the International Cricket Council believe sports betting, in particular in India, should be legalized to curb illegal bookies where match fixing has occurred from nontransparent bookmakers. Sometimes you can also bet a “tie”, in which one or both drivers either have the same time, drop out, or get disqualified.
Totalizators. A progressive parlay involves multiple bets (usually up to 12) and rewards successful bettors with a large payout, though not as large as normal parlays. 26 May 2010. However, in a progressive parlay, unlike a regular parlay, a reduced payout will still be made even should some of the bets lose.
Teasers. Modern research has suggested that the claims of betting were unsubstantiated.
Collegiate sport rituals
Aside from simple wagers (for example, betting a friend $20 that one’s favorite baseball team will win its division), sports betting is commonly performed through a bookmaker (bookie) or through various online Internet outlets. An if bet consists of at least two straight bets joined together by an if clause which determines the wager process. 50: GAMBLING”. Fractional odds of 1/1 are an even bet. Just as many voters approved (42%) as opposed (42%) allowing sports betting. For him to win his bet, Miami would have to win the game by 4 points or more. To attempt to make wagering on the underdog desirable, the bookmaker will give them points. One example are Formula One races, where you bet on two or three drivers and their placement among the others. Retrieved 22 June 2013.
^ “No sport easier to fix than tennis”. The bettor can adjust the point spreads for the two games, but must get all the games correct to win and recognizes a lower return in comparison to parlays.
If bets. (Boyd, 1981)
From Wikipedia, the free encyclopedia
Sports betting is the activity of predicting sports results and placing a wager on the outcome. 1. Only Rose has yet to be reinstated.
Association football culture
Australian rules football culture
Types of Supporter
In the United States of America, it is illegal to operate a betting scheme, except in Nevada, Oregon, Delaware, and Montana. In many European nations, bookmaking (the profession of accepting sports wagers) is regulated but not criminalized. “N.J. The term book is a reference to the books used by wagebrokers to track wagers, payouts, and debts.
Sportsbetting has resulted in a number of scandals in sport, such as the 1919 World Series, the alleged (and later admitted) illegal gambling of former MLB player Pete Rose, and former NBA referee Tim Donaghy, effecting the integrity of sports events through various acts including “point shaving” (players effecting the score by missing shots), bad calls from officials at key moments, and overall match fixing (“the fix is in”).
Philosophy of sport
Racism in sport
Cultures by sport
The Cronje Affair was an India-South Africa Cricket match fixing scandal that went public in 2000. It began in 1996 when the-then captain of the South African national cricket team, Hansie Cronje, was convinced by Mukesh “John” Gupta, an Indian bookmaker, to throw a match during a Test in Kanpur, India. 9.
^ “Sports Betting”. In the above example, if the bettor chose Miami, he would subtract 3 points from Miami’s final score and compare that to Oklahoma City’s final score. Retrieved May 27, 2012.
^ Rob Tornoe, for NewsWorks (17 August 2012). The PublicMind’s 2010 national survey found that 67% of Americans did not support the legalization of Internet betting websites in the United States whereas 21% said they would support legalization. The National Football League is fully against any sort of legalization of sports betting, strongly protesting it as to not bring corruption into the game. Many of the illegal proceeds also allegedly go to fund terror, drugs and other illegal activities.
Joseph J. Moves Towards Legal Sports Betting This Fall, in Time for NFL Season”.
In setting Odds, the bookmaker is subject to a number of limitations:
^ “18 USC Ch. As always, a lot depends on who actually shows up to vote.” In February 2011 FDU’s PublicMind released a poll which showed that half (55%) of voters agreed “that people bet on sports games anyway, so government should allow it and tax it.” On the other hand, approximately (37%) of New Jersey voters concurred that betting on sports is “a bad idea because it promotes too much gambling and can corrupt sports.” Again, by a significant margin (70%-26%) that voters who already engage in sports betting in office pools tend to be more supportive of legal sports betting than other voters. Donald Hoover, FDU professor in International School of Hospitality and Tourism Management and former casino executive commented on the results; “Betting on sports is not an uncommon practice for many New Jerseyans, but for the most part, the state doesn’t supervise it, doesn’t tax it and doesn’t take any revenue from it.” In 2010 a national poll, results showed that voters opposed sports betting in all states by a margin of 53-39. This series would go down as one of the biggest sports scandals of all time. This bet is placed only at halftime of a particular sporting event. In 2004 and 2006, Koellerer was banned for six months due to his bad behavior. Woolley commented: “But…younger voters… house.gov.
Rose, Pete (2004). This is similar to parimutuel wagering in horse racing and dog racing.
2nd half bets. The favoured team pays lower odds than does the underdog.
Spread betting are wagers that are made against the spread. While all sports wagers are by definition on future events, bets listed as “futures” generally have a long-term horizon measured in weeks or months; for example, a bet that a certain NFL team will win the Super Bowl for the upcoming season. However, nearly two-thirds (66%) of voters were not aware of the upcoming statewide referendum on the issue. The National Law Review. For example: If the bookmakers return percentage is 90%, 90% of the amount placed on the winning result will be given back to bettors and 10% goes to the bookmaker. In-play betting is a feature offered by some online sports books that enables bettors to place new bets while a sporting event is in progress.
Main article: Bookmaker
Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as “bookies”. In addition, there was a significant gender split: a majority of men approved of the idea by a wide margin (65-21), while only 39% of women approved and 41% opposed. The October results were stable, reflecting an earlier poll in April 2011 where New Jersey voters approved the legalization of sports betting in the state by a margin of 53%-30%. In addition, on August 2010, he facilitated betting by placing odds for matches and had links for placing bets.
The rule against gambling in baseball is known as “Rule 21,” which is publicly posted on dugout walls and states: “Any player, umpire, or club or league official or employee, who shall bet any sum whatsoever on any baseball game in connection with which the bettor has a duty to perform shall be declared permanently ineligible.” People permanently banned from Major League Baseball are also forever banned from entry into the Baseball Hall of Fame, although most such people have been reinstated a few years later by a later Commissioner of Baseball. 12 June 2013. The Federal Wire Act of 1961 was an attempt by the US government to prevent illegal bookmaking. However, this Act does not apply to other types of online gambling. The Supreme Court has not ruled on the meaning of the Federal Wire Act as it pertains to online gambling.
Bookmakers usually hold an 11-10 advantage over their customers–for small wagers it is closer to a 6-5 advantage–so the bookmaker will most likely survive over the long term. The violations were outstanding between October 2009 and July 2010 after The Tennis Integrity Units had launched an investigation on behalf of the International Tennis Federation and the ATP and WTA tours. Retrieved 7 November 2014.
^ “Daniel Koellerer banned for life”. By the beginning of the third quarter, notorious Vegas bookmaker Frank Rosenthal received forfeiture notices from 246 San Francisco bettors totaling more than $25,000 in premature winnings. The line read: Miami -3, Oklahoma City +3. 31 May 2011. However, voters who already live in households where family members (including themselves) engage in sports betting had a strongly favored legalization of sports betting (71%-23%), while voters in households where sports betting is not an activity, opposed legalization (46%-36%). Legal sportsbooks take vigorish from bettors of both teams, paying a winning bettor a little under 2/1 in an even contest. They take bets “up-front”, meaning the bettor must pay the sportsbook before placing the bet. Krista Jenkins, director of the poll commented; “Although support is not overwhelming, these numbers suggest the public is cautiously behind the goal of moving forward with legalized sports betting.”
Many of the leading gambling bookmakers from the 1930s to the 1960s got their start during the prohibition era of the 1920s. As the story goes, professional gambler Joseph Sullivan paid eight members of the White Sox (The players involved were Oscar Felsch, Arnold Gandil, Shoeless Joe Jackson, Fred McMullin, Charles Risberg, George Weaver, and Claude Williams) around 10,000 dollars each to fix the World Series. Half of New Jersey voters (52%) said that they approved the idea of legalizing sports betting at Atlantic City casinos and racetracks, 31% opposed it. Dr. These are wagers offered as alternatives to straight-up/moneyline prices in baseball, hockey, or soccer, respectively. US format odds are the amount won on a 100 stake when positive and the stake needed to win 100 when negative. Illegal bookies, due to the nature of their business, can operate literally anywhere but only require money from losing bettors, creating the possibility of debt to the bookie from the bettor. 19 June 2014. European format (decimal odds) are used in continental Europe, Canada, and Australia. The scheme was discovered when Delhi police recorded illegal dealings between Indian bookmaker Sanjay Chawla and Cronje. This creates a number of other criminal elements, thus furthering their illegality.
Media related to Sports betting at Wikimedia Commons
In areas where sports betting is illegal, bettors usually make their sports wagers with illicit bookmakers (known colloquially as “bookies”) and on the Internet, where thousands of online bookmakers accept wagers on sporting events around the world. The team wagered upon might be 50-1 to win the Super Bowl, which means that the bet will pay 50 times the amount wagered if the team does so. It must also be noted that both bookmakers use other methods to increase profits by enticing bettors with greater winnings at higher risk to the bettor (teasers, parlays, adjusting point spreads, etc.).
1 in 1.5 = 67%
1 in 2 = 50%
1 in 2.5 = 40%
1 in 3 = 33%
x-1, then convert to fraction
100*(x-1) if x>2; -100/(x-1) if x<2
divide fraction, then x+1
divide fraction, then 100*x if x>=1; -100/x if x<1
(x/100)+1 if x>0; (-100/x)+1 if x<0
x/100, if x>0; -100/x, if x<0
x if x>=1; (1/x)*-1 if x<1
x if x<=1; (1/x)*-1 if x>1
Moneyline bets do not have a spread or handicap. US odds of 100 are an even bet.
Other. Peter J. A teaser allows the bettor to combine his bets on two or more different games. A 2nd half (Second half) bet is also sometimes called a halftime bet. All eight players were banned from playing professional baseball for the rest of their lives.Pete Rose, the all-time MLB leader in hits, was similarly banned from baseball in 1989 for betting on games while he was a MLB manager.
Wagebrokers both legal and illegal make a profit by taking a percentage of all money bet, called a vigorish (vig), juice, rake, or action. American Gaming Association.
^ ABC News. A Nation of Bettors? (press release)
^ Fairleigh Dickinson University’s PublicMind, (October 10, 2011). Expected Values and variance in bookmaker payouts: A Theoretical Approach towards setting limits on odds. Woolley commented on the results: “If some states allow sports betting and profit by it, other states will want to follow.” Yet by December 2011 after NJ passed its sports betting referendum the national measure shifted to 42-42. In January 2012, New Jersey Governor Chris Christie signed legislation allowing sports betting in New Jersey after it was approved in a nonbinding voter referendum in 2011 and he announced on May 24, 2012 that he plans to go ahead and set up a system of wagering at the state’s racetracks and casinos this fall, before the National Football League season ends.
Types of bets
See also: Glossary of bets offered by UK bookmakers
United States of America
North American sports
The probability implied by the odds should be greater than the true probability for each possible outcome to guarantee positive expected profit.
If the wagers on each outcome are made in ratio to the implied odds, then the bookmaker is guaranteed a profit (balanced book).
In 2012, despite federal law preventions, the state legislature of New Jersey and Governor Chris Christie signed a law that would allow sports betting to take place in New Jersey race tracks and Atlantic City casinos. In August 2012, Fairleigh Dickinson University’s PublicMind conducted a study on the issue. Woolley, professor of political science and director of the poll commented on the findings, “Gambling has become, for good or ill, a national industry, and you can bet that politicians and casinos all over the country are closely following New Jersey’s plans.” In a different study released by FDU’s PublicMind in October 2011, results showed that New Jersey voters thought legalizing sports betting in New Jersey was a good idea. My Prison Without Bars St. They are the ratio of the full payout to the stake, in a decimal format. ABC News.
^ a b Fairleigh Dickinson University’s PublicMind, (December 19, 2011). Legalized Sports Betting in New Jersey
^ Fairleigh Dickinson University’s PublicMind, (March 11, 2010). Voters were asked whether New Jersey should allow sports betting even if federal law prevents it from doing so, or wait to allow sports betting until federal law permits it. Rosenthal was able to retain these winnings despite the final outcome of the game due to gambling regulations previously established by the NAGRA.
Corruption in tennis has been long considered as issue. In 2011, the former world No. Journal of Prediction Markets. Illegal bookies, however, pay the winning bettor even money while making the losing bettor pay the vigorish exclusively