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A sports trivia, with amazing facts and figures in just what’s needed then.
Here is an easy sports trivia, which will be thoroughly enjoyed by kids too.
The creator of Sherlock Holmes, Sir Arthur Conan Doyle, was the first keeper for which English football club?
Which boxer was an underdog with odds of 42:1 when he stunned Mike Tyson?
Buster Douglas: 1990
In cross-country bike racing, what do the initials BMX represent?
Bicycle moto x (cross)
Which type of ball was basketball played with until 1929?
In which year was the first Wimbledon tournament held?
Who is the only coach to win both a Super Bowl and a Rose Bowl?
What was banned from 1967 to 1976?
Which was the only team to win two World Series in the 1980s?
The Los Angeles Dodgers
Which was the first televised game of the NFL?
Oct 22, 1939: The Brooklyn Dodgers Vs. Philadelphia Eagles (broadcast by NBC to 500 TV sets)
What was the first sport in which women were invited to compete at the Olympics?
Tennis, at the 1900 games in Paris. Charlotte Cooper of Great Britain was the first gold medalist.
Before the NFL mandated the use of helmets in 1943, who was the last player not to use one?
Chicago Bears lineman Dick Plasman
How many home runs did baseball great Ty Cobb hit in the three world series in which he played?
Which NFL team is known as the ‘ain’ts’ when on a losing streak?
The New Orleans Saints
After retiring as a player, with which team did baseball great Babe Ruth spend one year as a coach?
The Brooklyn Dodgers: 1938
What is the maximum time limit allowed to look for a lost ball in golf?
Which was the first African country to qualify for a World Cup?
Which country dominates Olympics basketball like no one else?
USA has won the gold 14 times out of 18 editions
In 1990, two baseball greats created history by becoming the first father-son duo to hit back-to-back homers in an MLB game.
Ken Griffey Sr. He has won a whopping 22 medals at the 3 Olympics he has taken part in.
Retired American swimmer Michael Fred Phelps II is easily the most successful Olympian ever. To name a few, sports like soccer, cricket, football, tennis, basketball, and baseball, have hundreds of millions of fans all over the world. Fry
Why did the year 1994 see no baseball World Series?
Who is the only player to have blasted 100 international centuries?
Sachin Tendulkar. volleyball player to win three Olympic gold medals?
Which 2 counties did umpiring legend Dickie Bird play for?
Yorkshire and Leicestershire
Who was the 1st non-European to win the Tour de France?
Greg Lemond from the US
Which cricketer was even offered the throne of Albania?
C.B. Out of those, 18 are gold, more than double the next best Olympian.Arguably, every person on this planet loves some sport or the other. and Ken Griffey Jr.
What sport used the term ‘home run’ long before baseball?
What is ‘El Clásico’?
A game between club giants Real Madrid and Barcelona
In horse racing, what is a Yankee?
11 individual bets
Who beat Ivan Lendl in a French Open final using underhand serves?
Who was the first athlete to fail an Olympic drug test?
Pentathlete Hans-Gunnar Liljenwall in 1968
Which team is as well-known for their comic antics as for their on-court skills?
Which country won the first World Cup held in 1930?
Who is the only tennis player to have won each of the four grand slam events at least four times?
What three movements are required for an athlete to successfully complete a triple jump?
Hop, step, and jump
How many World Cups have been won by Australian?
Four: 1987, 1999, 2003, 2007
Who is the youngest winner of a Ladies Singles title in the Open Era?
Martina Hingis: Winner in 1997 at 16 years of age
What is the highest possible break in snooker?
Which is the coldest game in NFL history?
1967 NFL Championship game between the Dallas Cowboys and the Green Bay Packers: -13 degrees
Which sport did George Washington play with his troops?
Which sporting great was dubbed ‘the boy from Bowral’?
Sir Donald Bradman
Who is the only wild card entrant to have won Wimbledon?
Goran Ivani?evi?: 2001
What is an NBA player deemed to be if he has received the Maurice Podoloff Trophy?
The most valuable player (MVP)
Which is the only country to have played in each and every World Cup?
Weren’t these sports trivia questions and answers really amazing? If you have other such interesting sports facts, do share them in the comments section below, for everyone to enjoy.
How many world records did swimmer Mark Spitz set when he won seven gold medals at the 1972 Olympics?
Seven-one in each of the races in which he competed.
Which sport is played on the biggest pitch in terms of area?
In which sport are the terms ‘stale fish’ and ‘mulekick’ used?
Who was the first U.S. As a true fan you’d always be wanting to gather more and more information about your favorite sport, and more likely the team you root for
Senate and Assembly judiciary committees approved it, sending it to the Assembly where it passed unanimously. The Senate passed it at midday and sent it to the governor’s desk for signature.
Under a compromise, the fee was set at $500,000, though it gives the Nevada Gaming Commission authority to change the amount. New Jersey Gov. “Today I sign into law the framework that will usher in the next frontier of gaming in Nevada.”
“This was a lot of work and it couldn’t have been done without the governor’s leadership and vision,” he said.
AG Burnett, chairman of the Nevada Gaming Control Board, said the state already has about 20 applications from various operators, equipment and software vendors to be licensed for online gambling.
CARSON CITY, Nev. Chris Christie previously vetoed an online wagering bill but has indicated he may sign an amended version next week.
Sandoval and Nevada legislative leaders said it was important for Nevada to remain at the forefront of gambling regulation.
. Brian Sandoval signed legislation Thursday legalizing online gambling in Nevada, capping a dizzying day at the Legislature as lawmakers passed the bill through the Assembly and Senate as an emergency measure.
The measure makes Nevada the first state in the country to approve interstate online gaming, notes CBS Las Vegas affiliate KLAS-TV, adding that it was put on the fast track Thursday. It sailed through both the Assembly and Senate on Thursday after a joint hearing before the two judiciary committees.
Nevada wanted to beat New Jersey, its East Coast casino rival, to the online gambling punch. “It’s imperative for the success of this that we compact with other states because we don’t have a universe of players,” Ernaut said.
“As to our competitor, New Jersey, they should be accustomed to following Nevada,” he said.
Several other states began looking into online gambling after the Department of Justice issued a letter in 2011 stating that the federal Wire Act of 1961, often used to crack down on gambling over the Internet, only applies to sports betting.
Horne couldn’t resist at jab at Nevada’s gambling rivals.
Lawmakers in 2011 passed a bill that put Nevada in position to legalize Internet gambling if the federal government sanctioned it. But when those efforts failed in Congress, Sandoval said Nevada would work toward agreements with other states.
The bill approved Thursday resolved a disagreement between Horne and the governor’s office over licensing fees. A renewal fee was set at $250,000.
Partnering with other states gives Nevada an expanded customer market and provides other states with Nevada’s expertise in gambling regulation.
“We have the most mature financial, auditing and collection capabilities, much greater than some of those states, and they have the players,” he said.
Gambling regulators will now come up with regulations dictating compact parameters.
The benefit for other states, he said, is Nevada’s “most mature regulatory infrastructure.”
Sandoval, a former chairman of the Nevada Gaming Commission added, “This bill is critical to our state’s economy and ensures that we will continue to be the gold standard for gaming regulation.”
AB114 authorizes Nevada to enter into compacts with other states to offer Internet poker. Sandoval had pushed for companies that want to offer online gambling to pay a $500,000 fee, while Horne, in the original bill draft, proposed $1 million.
Horne, in turn, had equal accolades for the Republican governor.
He praised legislators for their swift action and commended Assembly Majority Leader William Horne, a Democrat from Las Vegas, for shepherding the bill.
Pete Ernaut, a lobbyist representing the Nevada Resort Association, said expanding the customer base was key.
“This is an historic day for the great state of Nevada,” Sandoval said, flanked by dozens of state lawmakers. Gov
Decimal odds of 2.00 are an even bet. Martin’s Press ISBN 1-57954-927-6
Thompson, William (2001). 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. Gambling in America–An Encyclopedia of History, Issues, and Society Santa Barbara, CA: ABC-CLIO ISBN 1-57607-159-6
Retrieved from “https://en.wikipedia.org/w/index.php?title=Sports_betting&oldid=736899340”
North American sports
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. For example, in the NBA, when two teams play each other, one is perceived as being more likely to win. 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.”
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”).
In Asian betting markets, other frequently used formats for expressing odds include Hong Kong, Malaysian, and Indonesian-style odds formats. Illegal bookies, however, pay the winning bettor even money while making the losing bettor pay the vigorish exclusively. Woolley commented: “But…younger voters… ABC News.
^ a b Fairleigh Dickinson University’s PublicMind, (December 19, 2011). 31 May 2011. 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. European format (decimal odds) are used in continental Europe, Canada, and Australia. Modern research has suggested that the claims of betting were unsubstantiated.
Many of the leading gambling bookmakers from the 1930s to the 1960s got their start during the prohibition era of the 1920s. Moves Towards Legal Sports Betting This Fall, in Time for NFL Season”. However, nearly two-thirds (66%) of voters were not aware of the upcoming statewide referendum on the issue. 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. Successful bookmakers must be able to withstand a large short term loss. 26 May 2010. They take bets “up-front”, meaning the bettor must pay the sportsbook before placing the bet. 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. 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. The bookmaker accepts both wagers, and maintains a spread (the vigorish) which will ensure a profit regardless of the outcome of the wager. 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. The term book is a reference to the books used by wagebrokers to track wagers, payouts, and debts.
Philosophy of sport
Racism in sport
Collegiate sport rituals
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. 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). The spread, or line, is a number assigned by the bookmakers which handicaps one team and favors another. Before game 5 of the 2012 NBA Finals, the Miami Heat were expected to beat the Oklahoma City Thunder. The favoured team pays lower odds than does the underdog.
Spread betting are wagers that are made against the spread. “Sports betting should be legal in the Garden State”. 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.
Joseph J. In these bets, bettor predicts competitors results against each other and not on the overall result of the event. 1. One example are Formula One races, where you bet on two or three drivers and their placement among the others. Legal sportsbooks take vigorish from bettors of both teams, paying a winning bettor a little under 2/1 in an even contest. 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. These are wagers offered as alternatives to straight-up/moneyline prices in baseball, hockey, or soccer, respectively. Fractional odds of 1/1 are an even bet. This bet can be placed on the spread(Line) or over/under. 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. For example, a bettor could include four different wagers in a four-team parlay, whereby he is wagering that all four bets will win. Sports Scandals Westport, Connecticut: Greenwood Press ISBN 978-0-313-34458-9
Boyd, Kier (1981). 50: GAMBLING”. 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. Gambling Technology Washington, DC: FBI Laboratory
Rose, Pete (2004). The scheme was discovered when Delhi police recorded illegal dealings between Indian bookmaker Sanjay Chawla and Cronje. 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.
Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as “bookies”. American Gaming Association.
^ ABC News. 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. 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.
^ “18 USC Ch. For him to win his bet, Miami would have to win the game by 4 points or more. Although the common stereotype is that these bookies were of Italian descent, many leading bookies were of eastern European ancestry.
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. Retrieved May 27, 2012.
^ Rob Tornoe, for NewsWorks (17 August 2012). Retrieved 22 June 2013.
^ “How Hansie Cronje became most infamous villain in cricket’s fixing scandals”. Modern algorithms like LSTM appear to be much better predictors of sports outcomes than the vast majority of human bettors.
Davies, Richard (2001). Naturally the more money bet on a certain result, the smaller the odds on that outcome become. “Sport” Sullivan was an American bookmaker and gambler from Boston, Massachusetts who helped to initiate the 1919 Black Sox Scandal.
. 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.).
In setting Odds, the bookmaker is subject to a number of limitations:
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. 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. To determine who wins against the spread, the line is either added or subtracted from a team’s final score. 19 June 2014. 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. 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
The bookmaker functions as a market maker for sports wagers, most of which have a binary outcome: a team either wins or loses. This bet is placed only at halftime of a particular sporting event. This is similar to parimutuel wagering in horse racing and dog racing.
2nd half bets. 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. 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. In addition, on August 2010, he facilitated betting by placing odds for matches and had links for placing bets.
5 Famous betting scandals
6 See also
9 External links
Association football culture
Australian rules football culture
From Wikipedia, the free encyclopedia
Sports betting is the activity of predicting sports results and placing a wager on the outcome. Dr. Retrieved 22 June 2013.
^ “No sport easier to fix than tennis”. 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.
Odds for different outcomes in single bet are presented either in European format (decimal odds), UK format (fractional odds), or American format (moneyline odds). (Boyd, 1981)
Media related to Sports betting at Wikimedia Commons
Types of bets
See also: Glossary of bets offered by UK bookmakers
United States of America
Friendly political wager
Sports betting systems
Statistical association football predictions
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. In 2004 and 2006, Koellerer was banned for six months due to his bad behavior. Betting the Line Columbus, Ohio: The Ohio State University Press ISBN 0-8142-0880-0
Finley, Peter (2008). Rosenthal was able to retain these winnings despite the final outcome of the game due to gambling regulations previously established by the NAGRA.
Moneyline bets do not have a spread or handicap. According to the Telegraph in 2010, Cronje was paid off a total of £65,000 from Gupta.
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. US format odds are the amount won on a 100 stake when positive and the stake needed to win 100 when negative. Newsworks.org.
^ Fairleigh Dickinson University’s PublicMind, (August 21, 2012). NJ Voters Favor Sports Betting, but not Tax Credits for Meadowlands Developer (press release)
^ Fairleigh Dickinson University’s PublicMind, (February 21, 2011). 12 June 2013. An if bet consists of at least two straight bets joined together by an if clause which determines the wager process. 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).
Betting on the Favorite, an 1870 engraving published in Harper’s Weekly
Many on-line tools also exist for automated conversion between these odds formats.
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. 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. “Sports News”. A 2nd half (Second half) bet is also sometimes called a halftime bet. “NFL and ICC’s Stance on Betting”.
^ Finley, 2008
^ “Famous Cricket Spot-Fixing and Betting Scandals”. Sports Betting, Sure Thing; Internet Betting, Nyet! (press release)
^ Fairleigh Dickinson University’s PublicMind, (April 20, 2009). are far less likely to vote than other voters… This series would go down as one of the biggest sports scandals of all time. This is the most common type of bet in sports.
Proposition bets are wagers made on a very specific outcome of a match. The line read: Miami -3, Oklahoma City +3. To attempt to make wagering on the underdog desirable, the bookmaker will give them points. A teaser allows the bettor to combine his bets on two or more different games. Retrieved 7 November 2014.
^ “Daniel Koellerer banned for life”. 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. 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. Expected Values and variance in bookmaker payouts: A Theoretical Approach towards setting limits on odds. Just as many voters approved (42%) as opposed (42%) allowing sports betting. Sometimes you can also bet a “tie”, in which one or both drivers either have the same time, drop out, or get disqualified.
Totalizators. Many of the illegal proceeds also allegedly go to fund terror, drugs and other illegal activities.
Cultures by sport
Sporting man culture
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. 9.
^ “Sports Betting”. 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. 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. 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.
Famous betting scandals
Wagebrokers both legal and illegal make a profit by taking a percentage of all money bet, called a vigorish (vig), juice, rake, or action. Odds for such a bet generally are expressed in a ratio of units paid to unit wagered. house.gov.
^ Fifth Circuit ruling – PDF file
^ (Davies, 2001)
^ Cortis, Dominic (2015). 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%). 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. (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. They are the ratio of the full payout to the stake, in a decimal format. Only Rose has yet to be reinstated.
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. 55 Austrian tennis player, Daniel Koellerer, became the first tennis player to be banned for life for attempting to fix matches. UK format (fractional odds) are used by British bookmakers. The many types of bets include:
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
1 Types of bets
1.1 United States of America
Lately sportsbetting has emerged as an interesting field of research for artificial intelligence algorithms. 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. US odds of 100 are an even bet.
Corruption in tennis has been long considered as issue. In 2011, the former world No. They are the ratio of the amount won to the stake – the solidus “/” is pronounced “to” for example 7/1 “seven to one”. The National Law Review. However, in a progressive parlay, unlike a regular parlay, a reduced payout will still be made even should some of the bets lose.
Teasers. A Nation of Bettors? (press release)
^ Fairleigh Dickinson University’s PublicMind, (October 10, 2011). 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. They were often descendants of the influx of immigrants coming into the USA at this time. 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. Clothing
In 1919, the Chicago White Sox faced the Cincinnati Reds in the World Series. Retrieved 20 October 2014.
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. Journal of Prediction Markets. My Prison Without Bars St. 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. 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%. “N.J. 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. Age proved to be a divide: Voters between the ages 18-34 were more likely to approve of sports betting than older voters. This creates a number of other criminal elements, thus furthering their illegality.
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).
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. US Public: Keep Las Vegas in Las Vegas (press release)
^ Coffey, Sarah (May 25, 2012). Legalized Sports Betting in New Jersey
^ Fairleigh Dickinson University’s PublicMind, (March 11, 2010). 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.
Beta receptors are of three types, namely, beta-1 (?1), beta-2 (?2), and beta-3 (?3). In medical terms, beta blockers are also referred to as beta-adrenergic blocking agents.
Working of Beta Blockers. By doing so, the negative effects of this drug can be minimized to some extent. Following are some of the reported side effects.
A beta blocker works by blocking the effects of epinephrine and norepinephrine hormones from coming into contact with the beta receptors of the body. To mention a few, this medication is recommended for the management of high blood pressure or hypertension, chest pain, abnormal heart rhythm, heart attacks, migraines, bronchoconstriction, anxiety, alcohol withdrawal, glaucoma, tremor, and uterine contractions. Consequently, it dilates blood vessels for promoting blood flow. According to the patient’s needs, this drug is prescribed in specific doses.
Increased fatigue and tiredness are two of the most commonly observed beta blocker side effects.
If the beta blocker is acting on the heart, then it may slow down the heart rate and cause irregular heartbeat.
After taking this drug, an individual may experience cold hands and feet which is due to lack of blood circulation in these parts.
Any type may cause dry skin, mouth, and eyes.
Abnormal bowel movement, particularly diarrhea is also a negative effect of beta blocker medication.
After taking this treatment drug, some people manifest anxiety and depression symptoms.
Another common effect of beta blockers is swelling and/or inflammation of the hands and feet.
In diabetic patients, it may result in abnormal blood sugar levels, usually a sudden increase in the blood glucose.
A few people complain of difficulty in breathing, shortness of breath, and wheezing after ingesting beta blocker.
Those who are sensitive to this group of drugs may show allergy signs (skin rash, dizziness, and breathing problem) after taking them.
In case, sore throat, bleeding, and easy bruising are exhibited after ingesting this prescription drug, call the doctor without delay.
Speaking about the adverse effect of beta blocker eye drop, it may cause blurred vision and temporary eye discomfort.
Some of the rare side effects of beta blockers include abnormally low blood pressure, confusion, sleep disturbance, vomiting, stomach cramps, and sudden weight gain. Considering these aspects, a particular beta blocker drug of a particular dosage may be safe for a person, while it may cause potential health effects in another person. In order to avoid such unpredictable cases, it is always advisable to consult and seek advice from a qualified physician prior to and after taking the medications. Though it is a reliable medication for some diseases, this therapeutic formulation can worsen other health conditions like very low blood pressure, liver disorder, kidney disease, diabetes, asthma, emphysema, and other pulmonary ailments. Their effectiveness depends on the responses and/or sensitivity of the individual towards the medication and the dosage. It is to be noted that beta blockers also interact with other medications. Most likely, the doctor will suggest gradual reduction in the dosage intake to prevent any withdrawal symptoms.
Side Effects of Beta Blockers
Beta blocker, represented as ?-blocker, is a group of drugs that are prescribed for treating several chronic health conditions. Also, stopping the drug abruptly results in a series of health problems. If yes, then the type of beta blocker and individual specific dose are decided carefully. However, as it affects several parts of the body, some mild to severe adverse reactions are quite possible. That’s why, taking medical history and health check-up of a patient are mandatory prior to prescribing this drug.
On the safety note, the physician is the best person who will determine whether a beta blocker is appropriate for the patient’s condition or not. Beta blocker basically acts on ?1 and ?2 receptors, which in turn helps to reduce heartbeat rate and lower blood pressure. They are located in different regions of the body such as fat cells, arteries, lungs, heart, kidney, brain, uterus, etc. There are several types of beta blocker; some act only on the heart and blood vessels, while others affect the heart, blood vessels, and air passages
“Online Gambling Meets Bitcoin”. The Supreme Court dismissed an appeal in 2013, finding that the police do not have legal authority to issue such orders. In the year to March 2011, 5000 adults were surveyed and reported that 11.2% of them had participated in at least one form of remote gambling in the previous four weeks. Any person under 18 will not be allowed to gamble and it is an offence to invite or permit anyone under the age of 18 years to gamble.
It has also been alleged that the largely unsupervised electronic funds transfers inherent in online gambling are being exploited by criminal interests to launder large amounts of money. However, according to a US GAO study, “Banking and gaming regulatory officials did not view Internet gambling as being particularly susceptible to money laundering, especially when credit cards, which create a transaction record and are subject to relatively low transaction limits, were used for payment. Quarterly Journal of Electronic Commerce, (3).
^ Wood, Richard (2008). Retrieved 9 September 2015.
^ Online Rummy And Online Poker Remains Legally Risky In India
^ Clarification on Tax Compliance for Undisclosed Foreign Income and Assets
^ “Internet Law: The Israeli Police Orders Gambling Websites to Shut Down”. “The History and State of Online Gambling in Canada”. Three of the sectors within online gambling are betting, bingo and casino which between them turned over £13,456.07 million between April 2010 and March 2011. The law needs to reflect that.”
^ a b c d e f g “Internet Gambling Developments in International Jurisdictions: Insights for Indian Nations” (PDF). If Only Singaporeans Stopped to Think. Usatoday.com. S. “Manitoba to Launch Online Gambling”. The New York Times. The offense applies to all interactive gambling service providers, whether based in Australia or offshore, whether Australian or foreign owned. Washington Post. Retrieved 13 April 2016.
^ “Antigua and Barbuda: The new Pirate Bay?”. Journal of Business Research (63). Walters, Esquire, lawyer, partner in Weston, Garrou, DeWitt & Walters”. § 5362.
^ Rose, Nelson. 28, PDF file
^ Dean, Andrew (14 August 2014). legally risky.
The Bill identified updates to the laws already in place in the UK, and also created the UK Gambling Commission to take over from the Gambling Board. Retrieved 2011-11-26.
^ 20.05.2007 ???: ??? ????? ???? ????? (2007-05-20). Any operator must have a separate licence for remote gambling and non-remote gambling. Interstate wagering on horse racing was first made legal under the Interstate Horseracing Act written in the 1970s. April 15, 2011.
^ See 31 U.S.C. Associated Press. International Herald Tribune. Retrieved 21 March 2012.
^ Bowcott, Owen (2002-04-30). The highest prevalence of problem gambling was found among those who participated in playing Poker at a pub or club (20.3%), Dog races (19.2%) and online slot machine style or instant win games (17%). The Straits Times. Attorney for $731 million without legally admitting guilt. The bill was rewritten in the early 2000s to include the Internet in closed-circuit websites such as Betfair, as compared to simply phones or other forms of communication.
The Internet has made way for new types of gambling to form online. Likewise, credit card and gaming industry officials did not believe Internet gambling posed any particular risks in terms of money laundering.”
The German Interstate Treaty on gaming, which came into force on January 1, 2008, banned all forms of online gaming and betting in the country, with the exception of wagers on horse racing. “US Supreme Court refuses to hear Jay Cohen appeal”. It has since moved its operations overseas.
The regulation called for in the UIGEA were issued in November 2008. The regulation does not define “unlawful Internet gambling.”
Main article: Advance-deposit wagering
2.3 Sports betting
2.5.1 UK National Lottery
In 1994, Antigua and Barbuda passed the Free Trade & Processing Act, allowing licences to be granted to organisations applying to open online casinos. Before online casinos, the first fully functional gambling software was developed by Microgaming, an Isle of Man-based software company. Retrieved 2011-11-26.
^ “Agencies Issue Final Rule to Implement Unlawful Internet Gambling Enforcement Act”. Retrieved 4 April 2014.
^ William R. Retrieved 2011-11-26.
^ “Antigua demands trade sanctions”. Budget minister Eric Woerth stated the French gambling market would expand to adapt to “Internet reality.” He further stated “Rather than banning 25,000 websites, we’d rather give licenses to those who will respect public and social order.”Betting exchanges, however, will remain illegal under the new plans.
6 Problem gambling
7 Money laundering
8 Player perception
9 See also
Advance-deposit wagering (ADW) is a form of gambling on the outcome of horse races in which the bettor must fund his or her account before being allowed to place bets. 1969-12-31. Retrieved 2011-11-26.
^ See 31 U.S.C. Donath, Judith. Significantly, the 2010 prevalence survey notes that whilst the overall gambling figure had increased, the prevalence among men at 75% was not dissimilar to the amounts in two previous surveys in 1999 and 2007 which were 76% and 71% respectively. Archived from the original on 2013-08-09. 5 November 2014. The Times.
^ “Supper with Denise Phua”. Internet gambling restrictions as illegal.”
In 2012, the Tel Aviv Police Commander ordered local ISPs to block access to several online gambling sites. Retrieved 19 March 2012.
^ “Online gambling statistics 2006/2007” (PDF). copyrights as compensation for the country’s actions; the country planned to form “a statutory body to own, manage and operate the ultimate platform to be created for the monetisation or other exploitation of the suspension of American intellectual property rights”.
2.6 Horse racing betting
2.7 Mobile gambling
2.8 In-play gambling
2.9 Advance-deposit wagering
UK National Lottery
5 Online gambling industry statistics
There are a large number of online casinos in which people can play casino games such as roulette, blackjack, pachinko, baccarat and many others. NYTimes. The passed bill only addressed banking issues. In Australia, 0.8% used the deposit limit on SportsBet and 6% used deposit loss limits on BetFair Australia.
Online gambling industry statistics
In the United States in 1999 the National Gambling Impact Study stated “the high-speed instant gratification of Internet games and the high level of privacy they offer may exacerbate problem and pathological gambling”. Retrieved 21 March 2012.
^ a b UK Gambling Commission – British Gambling Prevalence Survey (pdf), 2010
^ a b UK Gambling Commission – Industry Statistics (pdf), 2011
^ “Department for Culture Media and Sport: A Literature Review and Survey of Statistical Sources on Remote Gambling”. “Betting laws of India”.
^ Supreme Court Seeks Centre’s Response On Online Rummy And Card Games In India
^ “Centre: Let SC decide if rummy, poker are gambling”. Internet gambling websites had increased from just 15 websites in 1996, to 200 websites in 1997. The bill allows bets to be taken by in-State companies on poker games, casino games and slots but excludes sports betting, although it allows for the latter to be proposed, voted on and potentially regulated separately in due course. However, a Fairleigh Dickinson University PublicMind poll in April 2009 showed only 26% of New Jersey voters approved of online sports-betting. On a national level, two-thirds (67%) of voters polled by PublicMind in March 2010 opposed changing the law to allow online betting. The bill was passed with a 29-5 majority. Approximately half of the respondents had only participated in National Lottery products. However, the appeals panel also ruled that the Wire Act and two other federal statutes prohibiting the provision of gambling services from Antigua to the United States violated the WTO’s General Agreement on Trade in Services. In 2006, the NTRA and various religious organizations lobbied in support of an act in Congress meant to limit online gambling. government’s actions to impede online gaming. Although the United States convinced the appeals panel that these laws were “necessary” to protect public health and morals, the asserted United States defense on these grounds was ultimately rejected because its laws relating to remote gambling on horse-racing were not applied equally to foreign and domestic online betting companies, and thus the United States could not establish that its laws were non-discriminatory.
From Wikipedia, the free encyclopedia
Online gambling, also known as Internet gambling, is a general term for gambling using the Internet.
Main article: Gambling in France
In 2014, the Singapore parliament tabled the Remote Gambling Bill as a counter-measure against online gambling locally, while parliamentary member Denise Phua spoke against legalised gambling in Singapore.
In April 2007, Rep. In contrast to ADW, credit shops allow wagers without advance funding; accounts are settled at month-end. Culture.gov.uk. London: News.independent.co.uk. Since then attitudes to gambling have changed and the law has failed to keep pace with rapid technological change. Attorney’s Office, Southern District of New York. customers. The court found that SCI had sufficient contact with Canada to be prosecuted under its criminal code. Retrieved 2011-11-26.
^ “New Internet Gaming Regulations – Part I, II”. copyrights and patents and a punitive measure. Antigua has met British regulatory standards and has been added to the UK’s “white list”, which allows licensed Antiguan companies to advertise in the UK.
Gaming control board
In 2004, the British Columbia Lottery Corporation launched Canada’s first legal online casino, PlayNow.com, which makes legal online gambling available to residents of British Columbia and Manitoba. A survey conducted in 2007 showed that only about 2.3% of Canadians reported participating in online gambling. However, in 2012, Manitoba Lotteries Minister Steve Ashton estimated that gamblers in Manitoba alone were spending $37 million a year at illegal online casinos.Quebec’s lottery organization Loto-Quebec launched a similar service, known as Espacejeux.
In 2003 Tessa Jowell, then Culture Secretary suggested a change in the British Gambling laws to keep up with advances in technology.
In 2002 Camelot decided to rebrand the National Lottery main draw after falling ticket sales. Retrieved 2011-11-26.
^ “WTO ruling”. Retrieved 2011-11-26.
^ “German State passes online gambling legislation”. “The Marker: Backgammon Site Play65 Returns its Activity in Israel”. Retrieved 2011-11-26.
^ “Avast, me hearties! Antigua to legally pirate US copyrighted works”. doi:10.1016/j.jbusres.2009.02.025 – via Research Gate.
^ Head, Milena; Hassanein, Khaled (2002). “Rebranding of ‘tired Lottery aims to halt slide in ticket sales”. The U.S. Gamblingandthelaw.com. SCI was fined $100,000 and forfeited nearly $4 million in profits. Several similar bills have been introduced since then in the House and Senate.
Main article: Gambling in Australia
On 3 September 2015, Central Board of Direct Taxes (CBDT) issued a Circular titled “Clarification on Tax Compliance for Undisclosed Foreign Income and Assets” under the black money act which directs the online poker players in the country to declare their money transactions on foreign poker sites through the e-wallets and virtual cards.
Mathematics of bookmaking
Online bingo is the game of bingo (US|non-US) played on the Internet.
The UK National Lottery started in 1994 and is operated by the Camelot Group. Retrieved 2011-11-26.
^ a b Coates, S. Retrieved 2011-11-26.
^ Ryan, Cy. Retrieved 2011-11-26.
^ “Reuters: WTO confirms U.S. These include limiting amounts that can be bet or deposited over a designated period of time, self-assessment tests for gambling problems, and warning signs of prolonged pay or high expenditure. RGFs are usually opt in features for players and are required by certain jursidictions. “FBI detains online betting boss on airport runway”. Retrieved 4 April 2014.
^ “Manhattan U.S. The new brand and name had the slogan:
In July 2006, David Carruthers, the CEO of BetonSports, a company publicly traded on the London Stock Exchange, was detained in Texas while changing planes on his way from London to Costa Rica. He and ten other individuals had been previously charged in a sealed indictment with violations of US federal laws relating to illegal gambling. Attorney for the Southern District of New York filed United States v. banks, however, prohibit the use of their cards for the purpose of Internet gambling, and attempts by Americans to use credit cards at Internet gambling sites are usually rejected. A number of electronic money services offer accounts with which online gambling can be funded; however, many top fund-transfer sites such as FirePay, Neteller & Moneybookers have discontinued service for U.S. “Sports Betting in Canada” (PDF). Dow Jones Network. In response, the NTRA responded that the exemption was “a recognition of existing federal law”, not a new development. Most British consumer online gambling activity is on overseas regulated websites, and estimates place the UK consumer market for online gambling at £1.9 billion for 2010. “Trust Considerations on Attitudes Towards Online Purchasing: The Moderating Effect of Privacy and Security Concerns”. BBC. Retrieved 2011-11-26.
^ Shriver, Roger. Players interact with other players through GUIs, which connect to the gambling site’s server in a non-transparent manner. Players’ attitudes towards sites plays an import role in online purchases and customer loyalty. (2006). 2011-09-14. For example, in Association football a user could bet on which player will receive the next Yellow card, or which team will be awarded the next corner kick.
In March 2011, the UK online gambling industry employed 6,077 full-time employees. Retrieved 2011-11-26.
^ Pfanner, Eric (2008-01-05). To ascertain the position of Indian government, the Supreme Court of India sought the opinion of central government in this regard but the same was declined by the central government. This has made playing of online cards games like rummy, poker, etc. At the UIGEA bill-signing ceremony, Bush did not mention the Internet gambling measure, which was supported by the National Football League but opposed by banking groups.
On 28 June 2001 the Australian Government passed the Interactive Gambling Act 2001 (IGA). The Commission will have the power to prosecute any parties in breach of the guidelines set out by the bill and will be tasked with regulating any codes of practice they set forward. 2011-10-14. Retrieved 4 April 2014.
^ Dodge, Catherine (2010-07-29). The licence must state what form the remote gambling would come in and any conditions appropriate to each operator. “had done nothing to abide by an earlier verdict that labeled some U.S. Retrieved 14 March 2012.
^ “Our UK National Lottery Operation”. Consumer attitudes towards internet gambling: perceptions of responsible gaming policies, consumer protection, and regulation of online gambling sites. Retrieved 2011-11-26.
^ Richtel, Matt (2009-06-09). Infoworld. Canberra: Commonwealth of Australia.
The Israel gambling law (Israeli Penal Law 5737 – 1977) does not refer specifically to online gambling (land based gambling and playing games of chances is prohibited except in the cases of the Israel Lottery and the Israeli Commission for Sports Gambling). Retrieved 9 April 2014.
^ “About PlayNow.com”. London: The Guardian. Usually the wager is in the form of money.
Main article: Gambling in Russia
Also in September 2006, just before adjourning for the midterm elections, both the House of Representatives and Senate passed the Unlawful Internet Gambling Enforcement Act of 2006 (as a section of the unrelated SAFE Port Act) to make transactions from banks or similar institutions to online gambling sites illegal. This differed from a previous bill passed only by the House that expanded the scope of the Wire Act. “Legalized Sports Betting in New Jersey – FDU PublicMind – April 20, 2009”. “Web’s Poker Winners Face Delays in Collecting”. The GIS will evaluate these recently regulated internet gambling operators in order to ensure they comply with NCPG’s internet Responsible Gambling Standards.
In 2000, the first Australian Federal Government passed the Interactive Gambling Moratorium Act, making it illegal for any online casino not licensed and operating before May 2000 to operate. PartyGaming’s stock dropped by 60% following its announcement. Voters Wary of Internet Gambling (press release)
^ a b “3 Major Online Poker Companies Targeted in Federal Crackdown”. The name National Lottery was kept as the general name for the organisation and the main draw was renamed Lotto. Most private online lotteries have stopped trading as governments have passed new laws giving themselves and their own lotteries greater protection. Retrieved 2011-11-26.
^ “Cross-Border Betting: International Agreement on Protecting Local Residents”. Frank’s Internet Gambling Regulation, Consumer Protection, and Enforcement Act of 2009 (H.R. Retrieved November 1, 2006.
^ “NCPG Launches Responsible Gaming Compliance Program for Internet Gaming Websites – NCPG”. In its first seventeen years it has created over 2,800 millionaires.
In the UK, between 2009 and 2010, 4% of adults had bet online. Between April 2010 and March 2011, online gambling which is regulated by the UK Gambling Commission yielded £660.74 million, a 5% increase on the previous year. “NJ lawmakers pass smaller casinos bill”. Retrieved 2 August 2012.
^ “Gambling law updated in the UK for the internet”. Publicmind.fdu.edu. Barney Frank (D-MA) introduced HR 2046, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act, which would modify UIGEA by providing a provision for licensing of Internet gambling facilities by the Director of the Financial Crimes Enforcement Network. “New Rules For Banks Target Online Gambling”. ADW is often conducted online or by phone. maplecasino. In 2007 the UK gambling commission stated that the gambling industry achieved a turnover of over £84 billion according to the UK Gambling Commission. Retrieved 9 September 2015.
^ “Expansion of gambling does not lead to more problem gamblers, study finds”. (10 Cr. Reuters. Scheinberg, a federal criminal case against the founders of the three largest online poker companies, PokerStars, Full Tilt Poker and Cereus Poker Network (Absolute Poker/Ultimatebet), and a handful of their associates, which alleges that the defendants violated the Unlawful Internet Gambling Enforcement Act and engaged in bank fraud and money laundering in order to process transfers to and from their customers.
List of bets
Online poker tables commonly offer Texas hold ’em, Omaha, Seven-card stud, razz, HORSE and other game types in both tournament and Cash game structures. “Sportingbet arrest threatens internet gambling”. Improvements in technology have changed betting habits just as video lottery terminals, keno and scratchcards changed the gambling industry in the early 20th century.
In 2011, the U.S. Retrieved 2011-11-26.
^ Dilov-Schultheis, Diane. “Gambling and the Law: A Law Professor Looks at Poker’s Black Friday”. The most recent law to address gambling online was the Federal Information Technology Rules where such illegal activities may be blocked by Internet providers within India. Racetrack owners, horse trainers and state governments sometimes receive a share of ADW revenues.
Russian legislation, enacted in December 2006, prohibits online gambling altogether (as well as any gambling relying on telecommunications technology).
Main article: Online poker
On June 19, 2007, Antigua and Barbuda filed a claim with the WTO for USD $3.4 billion in trade sanctions against the United States, and in particular, the ability for the country to suspend its enforcement of U.S. Pub.bna.com. 2006-10-13. Federalreserve.gov. Retrieved 9 April 2014.
^ Peppin, Joan. Ibls.com. Retrieved 2014-11-10.
^ “In-play betting is biggest growth area in sports gambling”. 26 January 2014. Retrieved 29 September 2014.
^ Clark, Andrew; Bowers, Simon (2006-09-09). Uk.reuters.com. In the same year the first online poker rooms were introduced. Soon after in 1999, the Internet Gambling Prohibition Act was introduced, meaning a company could not offer any online gambling product to any U.S citizen. Camelot Group. Freedavidcarruthers.com. 2007-06-20. The government said that the IGA was important to protect Australians from the harmful effects of gambling. “The Independent: Former gambling chief Dicks is freed in US”. A benefit of live in-play gambling is that there are much more markets. A number that has declined since 2008 where 8,918 full-time employees were in employment within the industry. The Associated Press. Men were more likely than women (29-14%) and liberals more likely than conservatives (27-18%) to approve of changing the law to allow online betting. In May 2012, FDU’s PublicMind conducted a follow up study which asked voters if they favored or opposed online gaming/gambling and “allowing New Jersey casinos to run betting games online, over the Internet.” The results showed that (31%) of voters favored while a sizable majority (58%) opposed the idea. Networkworld. 370-73.
^ Mccole, Patrick (2010). residents.
1996 saw the establishment of the Kahnawake Gaming Commission, which regulated online gaming activity from the Mohawk Territory of Kahnawake and issues gaming licences to many of the world’s online casinos and poker rooms. This is an attempt to keep the operations of licensed online gambling organisations fair and transparent.
In September 2006, Sportingbet reported that its chairman, Peter Dicks, was detained in New York City on a Louisiana warrant while traveling in the United States on business unrelated to online gaming. Louisiana is one of the few states that has a specific law prohibiting gambling online. Retrieved 19 March 2016.
^ “French gambling plan seeks to stem illegal betting”. Retrieved 2011-11-26.
^ (Russian) Russian federal law “On state regulation of organization and management of gambling and changes to related legislation”, December 29, 2006 , ch.5
^ Lim, Yan Liang (9 September 2014). Gambling
List of casinos
Due to the virtual nature of online gambling, it is hard for players to verify the authenticity of sites they are using. Unlike in physical casinos, randomness and deck shuffling cannot be verified by visual means. (Approximately three times the size of the British regulated market). The new legislation meant Lasseter’s Online became the only online casino able to legally operate in Australia; however, they cannot take bets from Australian citizens.
Many of the companies operating out of the island nation of Antigua and Barbuda are publicly traded on various stock exchanges, specifically the London Stock Exchange. Retrieved 2009-06-29.
^ “House Panel Votes To Approve Bill Legalizing Online Gambling”. “Online Poker Legislation – The SAFE Port Act and UIGEA of 2006May 29, 2012 10:56 AM”.
^ “Bush signs port security bill”. “Bill tabled to restrict online gambling in S’pore”. Critics of the bill argued that the exemption of horse racing wagering was an unfair loophole. Wto.org. Retrieved 13 April 2016.
^ Jackson, Charlotte. States tend to operate on their own authority.
On April 15, 2011, in U. The Act was signed into law on October 13, 2006, by President George W. Casino City TImes. “Hiding and revealing in online poker games”. 2267 by a vote of 41-22-1. Retrieved 29 September 2014.
^ “David Carruthers finally released today on million dollar bail”. The Bill set out its licensing objectives, which are as follows:
On December 3, 2009, the House Financial Services Committee held a hearing on UIGEA and Rep. The Indian Express. “Trust in e-Commerce: Evaluating the Impact of Third-Party Seals”. This was the first time people could gamble, chat and interact with each other in an interactive online environment.
Mobile gambling refers to playing games of chance or skill for money by using a remote device such as a tablet computer, smartphone or a mobile phone with a wireless Internet connection.
In-play gambling is a feature on many online sports betting websites that allows the user to bet while the event is in progress. Other acts/legislations are silent with respect to online gambling/online gaming in India. Jeff Ifrah, the lawyer for one of the account management companies affected, said that the government “has never seized an account that belongs to players who are engaged in what [Ifrah] would contend is a lawful act of playing peer-to-peer poker online.”
In response to Unlawful Internet Gambling Enforcement Act, a number of online gambling operators including PartyGaming, Bwin, Cassava Enterprises, and Sportingbet announced that real-money gambling operations would be suspended for U.S. This did not pass. Multiplayer online gambling was also introduced in 1999. BETONSPORTS PLC” (PDF). The advertising campaign for the new Lotto cost £72 million which included ten television advertisements featuring Scottish comedian Billy Connolly and one of the largest ever poster campaigns. Retrieved 2011-11-26.
^ Smith, R. Quad-Cities Online. 336), three online poker companies were indicted for violating U.S. It outlined the penalty for being in breach of these guidelines, that being a maximum of six months in prison, a fine, or both for each offence. Another group of interviews conducted by the Gambling Commission.
The Bill also set out guidelines stating that gambling will be unlawful in the UK unless granted a licence, permit or registration. 37, PDF file
^ a b c d Gainsbury, S., Park, J., Suhonen, N. From 2012, casino operators can apply for an online gambling license in this state.
The Bill defined remote gambling as,
Retrieved from “https://en.wikipedia.org/w/index.php?title=Online_gambling&oldid=736271275”
Gambling has become one of the most popular and lucrative businesses present on the Internet. Retrieved 10 April 2014.
^ Smith, Garry. Journal of Gambling Issues (21). The move followed a United States Department of Justice announcement that, in what some say is a contradiction of the Appeals Court ruling, the Wire Act relating to telephone betting applies to all forms of Internet gambling, and that any advertising of such gambling “may” be deemed as aiding and abetting. Help.yahoo.com. Retrieved 2013-08-09.
^ “Yahoo Search Marketing guidelines, 2008″. loss in Internet gambling case”. N.J. The Caribbean country won the preliminary ruling but WTO’s appeals body somewhat narrowed that favorable ruling in April 2005. The European Gaming & Betting Association turned to the European Commission with the request to take action against the German legislation, because such stringent legislation violated EU rules. In 2010, the European Court of Justice ruled that the monopolised gambling industry in Germany has to be liberalised. Fox News. Gamblers can often fund gambling accounts by credit card or debit card, and cash out winnings directly back to the card; most U.S. Retrieved 9 April 2014.
^ “The Use of the Internet for Gaming” (PDF). The government also asked the judge to approve a settlement with the third defendant, Absolute Poker.
Most lotteries are run by governments and are heavily protected from competition due to their ability to generate large taxable cash flows. the Guardian. In stark contrast to the USA, sports betting online is also completely legal in Australia, with many state government licensed sportsbooks in operation, such as Centrebet, Sportingbet & Betfair.
The BetOnSports indictment alleged violations of at least nine different federal statutes, including 18 USC Sec. Retrieved 2011-11-26.
^ Parry, Wayne (2010-11-22). In December 2005, the Attorney General ordered all online gambling operations, online backgammon included, to close their businesses and at the same time commanded credit card companies to cease cooperating with online gambling websites. In May 2007, the Attorney General had excluded the online backgammon website Play65 from the ruling, due to “the unique circumstances of the site’s activity”, allowing it to return to full activity in Israel.
Due Column betting
In June 2009, the U.S. Offences for breaching remote gambling guidelines are the same as breaching non-remote gambling guidelines.
The national government, which licenses Internet gambling entities, made a complaint to the World Trade Organization about the U.S. London: The Guardian. Peter Woolley, Director of the PublicMind commented on the results: “Online gambling may be a good bet for new state revenue, but lots of voters don’t think it’s a good bet for New Jersey households.”
Main article: Gambling in the United States
Big Six wheel
Property of a Lady
Tables (board game)
On March 30, 2007, the WTO confirmed that the U.S. 91.5% believed that reputable third party reports on randomness and payouts were important to gain their trust. However, contrasting research shows that seals-of-approval granted by these third parties does not have a strong influence on purchasing behavior, nor are customers usually aware of their existence.
Main article: Problem gambling
Main article: Sports betting
On March 5, 2009, France proposed new laws to regulate and tax Internet gambling. Scheinberg et al. Firstamendment.com. These games are played against the “house” which makes money because the odds are in its favor.
A study released by the University of Buffalo in November 2014 states that the explosion of online gambling in the United States in the past decade has not given rise to more people with gambling problems.
Main article: Online Gambling In India
Various forms of online gambling are legal and regulated in many countries, including some provinces in Canada, most members of the European Union and several nations in and around the Caribbean Sea.
In 2008, H2 Gambling Capital estimates worldwide online gambling revenue at $21 billion.
3 Funds transfers
4 Legal status
4.1 Antigua and Barbuda
4.10 United Kingdom
4.11 United States
4.11.1 Remote gambling
In April 2004 Google and Yahoo!, the two largest Internet search engines, announced that they were removing online gambling advertising from their sites. Jeffrey (2008-11-13). Critics of the Justice Department’s move say that it has no legal basis for pressuring companies to remove advertisements and that the advertisements are protected by the First Amendment. In April 2005, Yahoo! has instigated a restrictive policy about gambling ads.
“Our gambling laws date back to the 1960s. Gambling is now a diverse, vibrant and innovative industry and a popular leisure activity enjoyed in many forms by millions of people. 2012-01-17. Interactive and online gambling and gambling advertising. Around 70% of UK adults play the National Lottery regularly, making the average annual sales over £5 billion apart from the year 2000-01 where sales dropped just below that. This is partly due to the wide range of gambling options that are available to facilitate many different types of people.
Main article: Mobile gambling
Pai gow poker
Double or nothing
Advanced Deposit Wagering
Responsible Gambling Features (RGFs) are features that online gambling sites use to promote responsible behavior and harm minimization. A report published by Frost & Sullivan revealed that online gambling revenues had exceeded $830 million in 1998 alone. Retrieved 2011-11-26.
^ “USA v. Additionally the report noted a 15% increase in overall gambling since 2007, from a rate of 58% in 2007 to 73% in 2010. Department of Justice seized over $34 million belonging to over 27,000 accounts in the Southern District of New York Action Against Online Poker Players. Government-controlled lotteries now offer their games online.
4.12 Other countries
Horse wagering using online methods across state lines is legal in several states in the United States. Computers in Human Behavior.
^ Golder, Scott. A UK government-funded review of previous research noted a small scale patient survey leading to press reports claiming that 75% of people who gamble online are “problem” or “pathological” gamblers, compared to just 20% of people who visit legitimate land-based casinos.
Antigua and Barbuda
The United States Court of Appeals for the Fifth Circuit ruled in November 2002 that the Federal Wire Act prohibits electronic transmission of information for sports betting across telecommunications lines but affirmed a lower court ruling that the Wire Act “‘in plain language’ does not prohibit Internet gambling on a game of chance.” But the federal Department of Justice continues, publicly, to take the position that the Wire Act covers all forms of gambling.
“Don’t live a little, live a Lotto”
Horse racing betting
Main article: Online casino
Online gambling legal issues in India are complicated in nature as Gambling in India is regulated by different states laws and online gambling is a central subject. Retrieved 2011-11-26.
^ Simon Bowers and agencies (2006-07-18). “Maintaining Provincial Monopolies: The Legality of Online Gambling Sites in Canada”. Law.themarker.com. Retrieved 2016-07-14.
^ Kollewe, Julia (2006-09-30). Attorney Announces $731 Million Settlement Of Money Laundering And Forfeiture Complaint With Pokerstars And Full Tilt Poker”. While as noted above, a United States Appeals court has stated that the Wire Act does not apply to non-sports betting, the Supreme Court of the United States previously refused to hear an appeal of the conviction of Jay Cohen, where lower courts held that the Wire Act does make it illegal to own a sports betting operation that offers such betting to United States citizens.
Online gambling is illegal in the state of Maharashtra under the “Bombay Wager Act”. ncpgambling.org. buffalo.edu. 2007-03-30. At the end of the month, New York dismissed the Louisiana warrant.
Main article: Gambling in the United Kingdom
Horse racing betting comprises a significant percentage of online gambling wagers and all major Internet bookmakers, betting exchanges, and sports books offer a wide variety of horse racing betting markets.
A study by the UK Gambling Commission, the “British Gambling Prevalence Survey 2010”, found that approximately 0.9% of the adult population had problem gambling issues, more than shown in a previous study in 2007. For example, Denmark Germany, and Spain operators must provide deposit limits, but Australian operators only have to do so voluntarily. A sample of online poker players from Sweden indicated that Responsible Gaming Features increase their trust of a company and reduce their anxiety about winning from other players. However, in jurisdictions that mandate Responsible Gambling Features, only a small percentage of customers use them. “House Panel Passes Measure to Legalize Some Internet Gambling”. 20 November 2003. 2267) where experts in the fields of online security and consumer safety testified that a regulatory framework for Internet gambling would protect consumers and ensure the integrity of Internet gambling financial transactions. Las Vegas Sun. Gamblingandthelaw.com. This was secured with software developed by CryptoLogic, an online security software company. US District Court of Missiourie. Casinoadvisor. Retrieved 22 March 2012.
^ United States General Accounting Office–“Internet Gambling: An Overview of the Issues”, December 2002, p. The Globe and Mail. Safe transactions became viable and led to the first online casinos in 1994.
Sports betting is the activity of predicting sports results and placing a wager on the outcome. Kennedy. The government responded by proposing a bill that will authorize such orders, referring to child pornography, drug trafficking and online gambling websites.
Ensuring no link between gambling and crime or disorder
Ensuring that gambling is conducted fairly and openly
Protecting children and vulnerable adults from harm or exploitation
Main article: Online bingo. On January 28, 2013, the WTO authorized the ability for Antigua and Bermuda to monetize and exploit U.S. Retrieved 2011-11-26.
^ “”Freedom to market”, by Lawrence G. IDG. However, the prevalence among women for 2010 was 71%, which was higher than 68% in 1999 and 65% in 2007.
This would be using the internet, the telephone, radio, television of any other device used for communication. This is the first time money was seized from individual players as compared to the gaming company. Bloomberg.com. doi:10.4309/jgi.2008.21.8.
^ Parliamentary Joint Select Committee on Gambling Reform (2011). Bush. Retrieved 9 September 2015.
^ United States General Accounting Office–“Internet Gambling: An Overview of the Issues”, December 2002, p. There are other legal problems with the government’s case; and, interestingly, the indictments did not mention the Wire Act. On July 31, 2012, it was announced that two of the three companies indicted for money laundering and forfeiture settled with the Manhattan U.S. The appeals decision held that various state laws argued by Antigua and Barbuda to be contrary to the WTO agreements were not sufficiently discussed during the course of the proceedings to be properly assessed by the panel. The IGA makes it an offence to provide an interactive gambling service to a customer physically present in Australia, but it is not an offence for Australian residents to play poker or casino games online. Online casinos ‘used to launder cash’. Schleswig-Holstein is the only German state that has already come up with their own gambling bill allowing gambling online. Also, there were 291 remote gambling activity licences held by 225 operators at this date. “Why Swedish people play online poker and factors that can increase or decrease trust in poker web sites: A qualitative investigation”. Retrieved 9 April 2014.
^ “Quebec plan to block gambling sites draws cries of censorship”. v. Cigionline.org. Players play against each other rather than the “house”, with the card room making its money through “rake” and through tournament fees.
By 2001, the estimated number of people who had participated in online gambling rose to 8 million and growth would continue, despite the legislation and the lawsuit challenges which would continue to be received by online gambling.
On November 22, 2010, the New Jersey state Senate became the first such US body to pass a bill (S490) expressly legalizing certain forms of online gambling. laws that prohibit the acceptance of any financial instrument in connection with unlawful Internet gambling, that is, Internet gambling that involves a “bet or wager” that is illegal under the laws of the state where the bet is made. The indictment alleges that the companies used fraudulent methods to evade this law, for example, by disguising online gambling payments as purchases of merchandise, and by investing money in a local bank in return for the bank’s willingness to process online poker transactions. The companies argue that poker is a game of skill rather than a game of chance, and therefore, online poker is not unlawful Internet gambling. The first online lotteries were run by private individuals or companies and licensed to operate by small countries. Retrieved 21 March 2012.
^ “Online Wagering Under Attack in Congress”. The bill would legalize and regulate online poker and some other forms of online gambling.
“Gambling in which persons participate by the use of remote communication”
While the criminal code of Canada does not prohibit online gambling, it does prohibit any type of gambling at an establishment not owned or licensed by a provincial government. Not withstanding this fact, there are an estimated 1,200 to 1,400 offshore websites that make casino type games and other gambling activities available to Canadians. For online gambling operations within Canada’s borders, the Canadian authorities are willing to prosecute, but as of this date, have only done so once, when British Columbia prosecuted Starnet Communications International (“SCI”), a Delaware corporation, run by residents of Vancouver, where one of the company’s servers was located. The District Court invalidated this order. Retrieved 8 October 2014.
^ In Re:MasterCard, US Fifth Circuit Court of Appeals (pdf), November 20, 2002
^ “In Re: MasterCard, United States District Court Eastern District of Louisiana ruling”. CSCW ’04 Proceedings of the 2004 ACM conference on Computer supported cooperative work, New York, 2004. “EU moves toward ruling on German gambling law”. Another act is the Public Gaming Act of 1867. Retrieved 9 April 2014.
^ Crowne, Emir. On July 28, 2010, the committee passed H.R. 26 September 2014. Other operators such as PokerStars, Full Tilt Poker, Bodog, and World Sports Exchange announced their intention to continue serving customers in the U.S.
In the late 1990s, online gambling gained popularity. Normally, gamblers upload funds to the online gambling company, make bets or play the games that it offers, and then cash out any winnings. Retrieved 21 August 2014.
^ “Rethinking the Offshore: Antigua’s Internet Gambling Challenge”. The British regulated online gambling sector was worth a 12% market share of the British regulated gambling industry within the same time period. 1953 (Operation of an Illegal Gambling Business). Carruthers is currently under house arrest on a one million dollar bail bond.
In August 2014 the National Council of Problem Gambling (NCPG) partnered with the Gambling Interity Services (GIS). July 11, 2006. IDG. During this time period, betting turned over a substantial proportion of this amount, turning over £13,081.44 million, with bingo and casino turning over £26.75 million and £347.87 million respectively.
The money for online gambling can come from credit card, electronic check, certified check, money order, wire transfer, or Bitcoin. Lack of trust in payment systems and security are primary reasons for avoiding online gambling. In an online survey of 10,838 online casino and poker players from over 96 countries, respondents reported a high level of mistrust of online gambling
If your methods are so perplexing that you are unsure you are receiving it precise then, noticeably it is useless to you.
Choose a system which is already proved
Sports betting champ provide unique content related to betting which will guide you on your journey toward a perfect bettor.
The most significant piece of games betting suggestion I can provide you is – find a scheme that is a confirmed victor. To know about different sports betting techniques visit this link.
Becoming triumphant at gambling on games is attainable but having an approach and fastening to it is vital for that to occur. Afforded your method is a winner and your gambling pool and gambling plan is appropriately worked out inside that scheme, then ultimately your losing stripe will twist around and your method will become lucrative once more. Here are presently a few oddments of sports gambling guidance that will assist you return from this potentially productive marketplace.
Betting Through Bank
Your gambling bank or staking arrangement must be worked out in combination with your gambling methods.
If are not somebody who can waited restricted and alerted on whatsoever betting approaches you are with then you ought to not even think taking it up as a severe alternative. It is when effects start to go erroneous and you have go on boarded upon a trailing stripe that the regulation of sticking to your scheme and staying inside your betting plans suits the most hard thing to do. This is a vital piece of games betting guidance.. A betting plan must typically be from 1% to 2% for a method that entails you to enlarge your gambles after a slaughter and from 5% to 10% for a method that remains level bets at all instance. It must not be also complex. The accessible funds must be ample enough to coat any trailing stripe you may have and sufficient to gradually pick up flipside into profit. It should be one that has revealed to return constantly over a long phase of instance
It allows them to feel the benefits like the boys, and it’s literally helped level the playing field.
School spirit in providing the sport: There are more and more number of schools who are giving many sports facilities to the students. The participation of girls now is increasing rapidly, where girls are taking active part on most of the sports. Students can opt for a sport, whereas some sports are compulsory.
No doubt it’s fun to watch your kid participating in the sports events. There was a mindset to have the child owning the academic excellence, even if he is zero in the sports but going by the opportunities, fitness factors etc parents have realized that sport is a part of academics.
Many schools have to the lottery system for students to access to the games popular sports like football, cricket. In India, slowly the culture is coming where parents are giving the importance to the sports, which was lacking in the past. Many colleges recognize sports as part of their core values, and help student athlete balancing between sports and academic career thus maintaining the highest level of integrity and sportsmanship.
Revenue: College Sports bring in money to the school in N number of ways. As early years have the most impact on the child, it’s important for the parents to research for the schools who provide good quality sports. This is very important advertising factor for the school. May not be your school, if you want your child to rule some sports.
The vast gaming facilities require a huge infrastructure, thus fees for these schools is generally very high. Many medium size school just have a playground, and sell it like they’ve all kinds of sports facilities. Also we want our child to be a good sportsman along with a very good in academic. Moreover college Sports create productive and responsible citizens, strengthening community feeling and create strong schools. The demand of schools providing good sports facilities is very high, and if one school is proving his superiority in the sports, of-course demand will increase as well. Check out the information on some online ports like http://www.schoolib.com to get the information on the kind s of sports facilities provided by the schools.
College Sports for Girls: It is illegal to discriminate against women in any program of education. Time to time there are school and college competitions at every level. Skills continue to be refined during years of college and is the skill that eventually will make a success of student-athlete at work.
The importance for athletes in schools: Irrespective of, female or male athlete if you play to a very successful internal team, there are multi fold facilities for athletes. The revenue to the students is, they can go to extra mile to discover and prove themselves in the sports.. Many schools still manage by the vast funds they receive from the alumni, giving less burden to the students.
We enjoy watching sports in college as pure entertainment. Schools must comply with it, providing athletic opportunities by enrolling the girl students and having a continued expansion of athletic opportunities to girls. There are some who merely go for the fitness factor but many top schools take it very professionally and create sportsmen who can play at the district level, state level so that if somebody has interest and is good in some sports, he can join a sport institute as his career.
Many children join junior teams or community-based sports teams during his years in elementary school because their parents want them to learn the same fundamental values. This includes athletics and sports also. Early age is best to learn integrity, collaboration, communication and good sportsmanship
This system takes advantage of one of the few glaring inefficiencies in the parimutuel pools, namely that first and second time starters are badly over-bet.
Horse Racing System #2 – Bet horses that have an excuse for a poor performance in their last race. One of the few anomalies turned up by Michael Nunamaker in his pioneering computer study “Modern Impact Values”, published in 1994, was that horses breaking from the inside post position in route races won more than their fair share of races, and were under-bet by the public. This offers opportunity to more diligent players.
Horse Racing System #4 – Bet low-priced favorites to place. My computer studies of pedigree, based on nearly 100,000 races, suggest that using pedigree in that manner offers no advantage to the player.
First time starters return only about 60 cents on the dollar, and second time starters are only a little better, returning less than 70 cents on the dollar. My study suggests that’s not the case.
Horse Racing System #3 – In maiden claiming races, bet the horse with the best pedigree. They will, however increase the chances of a profitable day at the races by ensuring that your wager dollars go where they have the best chance of success. Let me let you in on a little secret about these “magic formulas”. In most case the public seems to take a horse’s last running line at face value. To the extent that most handicappers use pedigree at all, it’s usually to identify horses that may improve when switched to the turf, or those who may be expected to win as first time starters. I was able to replicate this result in my own study of nearly 100,000 races conducted a decade later.
Horse Racing System #1 – In maiden races, bet the horse with the best last race speed figure that has had at least two career starts. With the BRIS pp’s you can use the Sire Production Factor in concert with the pedigree rating. Because speed figures have gained in popularity over the years, anyone following that system now would have trouble coming up with gas money for the ride home from the track.
In fact, pedigree does not generally offer wager value with one curious exception: well bred horses do surprisingly well in maiden claiming races. If the tote board suggests that the public is overlooking these mitigating circumstances, make your play.
None of these systems will make you rich, or even guarantee that you will make a profit. The horse with the best combination of the two is the play.
For as long as humans have bet on horse racing there have been system sellers trying to con the gullible into parting with their hard earned money with the lure of easy profits to be made on the sport of kings. It must follow, therefore, that if we bet the best horse that has started at least twice, we stand an excellent chance of beating the takeout, particularly in races that have several first and second time starters.
This causes the favorite to be under bet in the place pool, leading to a profit opportunity for us to take advantage of by betting the favorite to place. My own studies have shown a similar advantage for the inside post in routes.
Horse Racing System #5 – Bet Horses breaking from the inside post in route races. This is somewhat counter-intuitive since you’d expect that horses with good pedigrees that end up in the maiden claiming ranks probably can’t run at all. None of them work.
Look for comment lines like “bled”, “lost rider”, “clipped heels”, “stumbled”, “steadied”, “between horses”, “rank”, and “jumped shadows” that suggest that a horse’s last race was not indicative of its true ability. It should go without saying that you should actually like the favorite’s chances after evaluating the race with your own handicapping.
In that spirit. This is another mistake that bettors make: in a race with a clear standout, many people give up on the win pool and bet their choice to place, thinking that they’ll get paid even if the favorite wins.
Instead of blindly betting all horses breaking from the inside, you might use this to supplement your handicapping, paying particular attention to the inside horse, and betting it when you like the horse on other handicapping grounds. Thanks for reading, and see you in the winner’s circle.
Second, the very nature of the parimutuel system itself means that any profits to be made from following a particular set of rules will quickly be arbitraged away as the followers of that system drive down the odds of horses chosen by the system.
The horse with the best last race speed figure (whether Beyer, BRIS, or Equibase) may not be the best horse in the race, but he’s probably not far off, so we can use that as a proxy for selection purposes.
Looking for a dead simple horse racing system that will allow you to quit your job and make a living betting the horses in just 10 minutes a day? Good luck with that!
However, just because systems won’t make you rich doesn’t mean there’s no place for them at all in a horseplayer’s arsenal. I’ve identified some of the most useful handicapping factors that have a proven history of doing much better than the track takeout and put them together with some simple rules that should make your trips to the racetrack more fun and profitable. Few bother to even look at the comment line for the race, let alone take the trouble to seek out and watch the replay of the race. Just don’t expect to quit your day job.
In the first place, the parimutuel takeout in horse racing is large (over 15%) and the mutuel pools are relatively efficient, so that even systems with a strong basis in reality can’t overcome the size of the takeout.
How do we identify the best pedigree, then? If you’re using the DRF past performances, use the stud fee as a proxy for quality, and the Tomlinson figure to judge suitability for the distance and surface. Most people who love horse racing would be thrilled just to win a little more and lose a little less on their trips to the track.
Nunamaker reported that the inside post in dirt route races won at a 20% greater than expected rate, and lost only 10 cents on the dollar, much better than the track take. The inside post combined with early speed is a particularly potent combination, since the horse will not have to exert himself as much to gain his preferred position at the front of the pack.
For instance, many speed figure handicappers reported making horse racing profits in the 60’s and 70’s simply by betting horses with the best last race speed figure. The inside post in turf routes actually showed a small profit, but this was based on a small sample size and cannot be relied upon