Sports betting vs. the stock market: Which is riskier?

Charles Chamberlain

Charles Chamberlain

invites you to spare abit of your time to hear him out on how this 97% accuracy Sports Betting System http://silka.biz changed his life in just a span of 3 months. Just 10 mins of your time, share it with Charles Chamberlain as he presents you a life changing opportunity.
Charles Chamberlain

Latest posts by Charles Chamberlain (see all)

However, someone sinking $500 into Apple stock has little risk of losing that entire initial investment, especially in the short term.

“A large, steady company has a low chance of plummeting and causing you to lose all your money, but even Peyton Manning doesn’t cover the spread sometimes,” he said.

CNNMoney (New York) First published August 31, 2014: 8:14 AM ET

SMARTASSET.setSmartAssetScript = function()

console.log(‘starting setSmartAssetScript’);

SA = document.SA ;

SMARTASSET.setSmartAssetDiv();

SMARTASSET.setSmartAssetScript();

Terms & Conditions apply

NMLS #1136

They both believe they can predict the future, and they sometimes fall into the trap of making decisions with their hearts instead of their brains. While many stocks offer steady returns, investors sometimes hit the jackpot (think: buying Apple back in early 2009 or Tesla in 2012).

Related: Apple and 9 other stocks hit new records

Investors also have the ability to spread their money out among many stocks.

To put it another way, the stock market is a lot more forgiving than the MGM Grand (let alone your local sports bookie).

Related: How $2 billion Clippers bet could pay off

Gamblers and investors also have far different time horizons.

Those are pretty good odds.

Even the unlucky investors who jumped into the market at its peak in October 2007 eventually made their money back when stocks reclaimed their pre-recession levels in 2013.

That’s the percentage of time that Stovall’s research shows the S&P 500 — the gold standard in the stock market — has increased in value during the years since 1926. Gambling on sports may be more fun, but it’s definitely a more risky use of money than putting it in the stock market. Gambling on football star Peyton Manning to win might seem like a safe bet, especially compared with picking winners in the stock market.

“Betting is more difficult and riskier,” said one resident of Hoboken, New Jersey, who bets on illegal gambling sites and also invests in stocks.

All or nothing: Gambling on sports tends to be a zero-sum game.

Related: 4 reasons September could be good for stocks

The betting appeal: Americans bet an estimated $380 billion each year on sports. The stock might go up and down some, but it typically doesn’t go to zero.

And investors have greater access to tools that can minimize the risk of losing money.

“A lot of people regard investing as gambling, but I frequently say no. And of course, they both hate to lose.

The same can’t be said for those who bet big on the Denver Broncos last Super Bowl. He asked for his identity to be withheld due to legal concerns. A bettor gambling on the Green Bay Packers will instantly lose his or her entire $500 bet if Aaron Rodgers and his teammates fail to win or cover the spread.

“You can hold onto your betting tickets all your life, but you’re not going to get squat,” said Stovall.

But take it from one person who has lots of experience in both worlds. Which casino in Atlantic City, Las Vegas or Macau pays the bettor 73% of the time?” said Sam Stovall, chief investment strategist at S&P Capital IQ.

But don’t let those similarities fool you. And in neither instance can you be guaranteed to be correct,” said Randall Fine, managing director of The Fine Point Group, one of the casino industry’s largest consulting firms.

“You’re making a wager based on some facts and some intuitions. People often invest in funds that buy dozens or even hundreds of stocks, which helps reduce the risk.

A stock can theoretically be held onto for an infinite amount of time, but a sports bet can end in the blink of an eye. For example, a stop-loss order instructs a broker to dump a stock when it tumbles below a specific price.

At the same time, investing in stocks actually carries higher upside potential.

In the long run, investors have the chance to make more money because there are fewer downside risks. It’s easy to see why fans may be tempted to gamble on their favorite teams and athletes.

Such hedging tools are not as readily or even feasible m88 to sports gamblers, Fine said.

‘;

for (i = 0; i 4)

afterParagraphFour = true;

currentParagraph = storytext.childNodes[i];

heights += currentParagraph.clientHeight;

if (heights >= limit && insertAfterThisParagraphIndex === -1)

insertAfterThisParagraphIndex = SMARTASSET.setDivIndex(i);

console.log(“insert after paragraph number ” + i);

console.log(“HEIGHTS = ” + heights);

console.log(“LIMIT = ” + limit);

/* div with id=”ie_column” */

else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ &&

storytext.childNodes[i].id !== “undefined” &&

storytext.childNodes[i].id ===”ie_column”)

heights = 0;

limit = 80;

insertAfterThisParagraphIndex = -1

/* embeds from twitter, facebook, youtube */

else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ &&

storytext.childNodes[i].classList.contains(‘embed’))

heights = 0;

limit = 80;

insertAfterThisParagraphIndex = -1

/* cnn video player */

else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ &&

storytext.childNodes[i].classList.contains(‘cnnplayer’))

heights = 0;

limit = 80;

insertAfterThisParagraphIndex = -1

/* images */

else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘img’)

heights = 0;

limit = 80;

/* images stored in figure tags */

else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘figure’)

heights = 0;

limit = 80;

if (heights >= 875 && afterParagraphFour)

storytext.childNodes[insertAfterThisParagraphIndex].insertAdjacentHTML(‘afterend’, smartAssetDiv);

smartasset = document.getElementById(‘smartasset-article’);

smartasset.style.float = ‘left’; // allows module to have text float to right

smartasset.style.marginRight =’20px’;

smartasset.style.marginBottom =’25px’;

.

Manning is really, really good at what he does for a living. Heck, even his commercials are funny

http://hhht888.com

Sports Betting Odds by Benered Fransisco

Charles Chamberlain

Charles Chamberlain

invites you to spare abit of your time to hear him out on how this 97% accuracy Sports Betting System http://silka.biz changed his life in just a span of 3 months. Just 10 mins of your time, share it with Charles Chamberlain as he presents you a life changing opportunity.
Charles Chamberlain

Latest posts by Charles Chamberlain (see all)

The bookies set a lot of numbers by keeping the public in mind and the person who begins to study can understand easily as to how the person can gain more and on the numbers set by the bookies.

Sports betting odds can be defined as “the likelihood of an outcome occurring that is stated in a number form”. In sports betting odds, such as football odds is becoming more vibrant each year. It is an entirely different case in sports betting odds, as about 75% of odds are established for the licensed Sports Books in Nevada as well as for Oregon State Lottery by Las Vegas Sports Consultant Inc, which is run by Michael ‘Roxy” Roxborough. But even then, there occur many loopholes through which people play their own gaming!

. In sports betting odds, there are many things, which are illegal such as transmitting information on gambling across the state for placing, or taking bets is considered illegal. The main basis of the wager is the straight up outcome, which is not in to a point spread. In sports betting odds, the odds are termed as “MONEYLINE”.The sports betting odds there are no point spread for many of the sports such as boxing, tennis etc as there occur no way to measure the points or score in which the player wins or loses by. The sports betting odds makers set the money line, as more money must be risked for the favorite or the person expected to win and very less on the underdog or the person more likely to lose, so that there occurs a balance between both sides of the contest.

In sports betting odds, the odds are made not by the common people. In such sports like boxing, the only thing that counts is who wins and fun88 who loses, and in such cases, the money line wagering enters in!

In sports betting line, money line is like point spread that is used to equal the attractiveness of the favorite and the underdog for the person betting. In college, also sports betting odds have taken reign even though it might be considered illegal by many. This field is considered as a way to make huge profits if the person is a smart bettor who has practiced proper money management. And most of the illegal books of Nevada draw their odds from casinos. Money line in sports betting odds is decided by the event winner with no regard to the point spread as there is occurs no point spread. Apart from this, he also works as a consultant on gaming management, strategies, personnel and marketing

https://fun88no1.com

Football and Golf Betting

Charles Chamberlain

Charles Chamberlain

invites you to spare abit of your time to hear him out on how this 97% accuracy Sports Betting System http://silka.biz changed his life in just a span of 3 months. Just 10 mins of your time, share it with Charles Chamberlain as he presents you a life changing opportunity.
Charles Chamberlain

Latest posts by Charles Chamberlain (see all)

Of course, one of the most important is the team’s performance during this season, as well as in past sessions. Everything becomes much easier once you know the basics. This statistic process is a matter of intense research and years of experience. In football, there are many leagues in which you can place a bet. Their names describe the way the odds are written by the bookies. Before figuring out the mathematical likelihood of defeat, victory or draw of a sports team, the odds makers are considering a wide range of variables. Some other variables, such as the weather conditions, the team morale, players’ personal life events or recent injured players are also taken into account when setting the lines.

There are three types of odds: decimal, fractional and American. This type of odds is also the most popular and it is offered by many bookmakers. After all, the reputation of a bookie stands in its ability to set the odds accurately. Every sport has a particular betting system. In UK however, the most commonly used type of odds are the decimal ones. No matter if it is Championship, Premier League, FA Cup, League 1, League 2, Capital One Cup, Community Shield or Conference betting, it is important for you to know how to read the odds and find the bookie that provides the best lines available.

Odds are an interpretation of the chance that a certain outcome will take place during an event.

In football for example there are many leagues in which you can decide to bet. American odds tell the positive or negative outcome of a bet at a 100 unit stake.

It is critical to understand betting odds if you want to play them correctly and become a real sports investor. The home field advantage can also be influencing the odds. Fractional odds will say how much profit will be gained by the punter from one unit. The highest Conference betting odds can go from 6 to 261 for the participating teams.. Golf betting is completely different from football betting for example. Therefore, before rushing directly into placing a random bet, the m88 first thing you should do is to get acquainted with the meaning of an odd and the three types of lines used in betting: fractional, decimal and American. They are also referred to as lines and they are set by bookmakers. Only knowledge will transform you from an idle better to a winner. For Conference betting for example you will most probably receive the odds expressed in fractions. Only in England there are 8 different leagues. Golf betting can work with decimal odds as well. The difference from this kind of odds and the decimal ones stands in the meaning expressed by the odds. Decimal odds are usually stating exactly how much money will be gained by a punter from betting one unit

join88bet

Breaking News, Top News & Latest News Headlines

Charles Chamberlain

Charles Chamberlain

invites you to spare abit of your time to hear him out on how this 97% accuracy Sports Betting System http://silka.biz changed his life in just a span of 3 months. Just 10 mins of your time, share it with Charles Chamberlain as he presents you a life changing opportunity.
Charles Chamberlain

Latest posts by Charles Chamberlain (see all)

| Video

.

WASHINGTON Native American tribes seeking a halt to construction of the final link in the m88 Dakota Access Pipeline will argue in federal court on Monday that the project will prevent them from practicing religious ceremonies at a lake they say is surrounded by sacred ground.

BEIRUT Syrian jihadists seen as close to Islamic State battled a rival hardline Islamist faction on Monday in northwestern Syria, a war monitor and an official with another insurgent group said.

11:45am EST

TEL AVIV Israeli Prime Minister Benjamin Netanyahu sidestepped a question on whether he still supports the creation of a Palestinian state as he left for the United States on Monday on his first visit since President Donald Trump took office. | Video

LAHORE, Pakistan An explosion near the Punjab provincial assembly in the Pakistani city of Lahore killed at least 13 people and wounded 83 others on Monday, a senior police official said.

LOS ANGELES Adele swept the Grammy Awards on Sunday, taking home statuettes for the top prizes – album, record and song of the year – in a shock, history-making victory over Beyonce on a night marked by political statements and emotional tributes

hhht888.com/vietnam.htm

How to Permanently Delete Your Accounts on British Gambling Sites

Charles Chamberlain

Charles Chamberlain

invites you to spare abit of your time to hear him out on how this 97% accuracy Sports Betting System http://silka.biz changed his life in just a span of 3 months. Just 10 mins of your time, share it with Charles Chamberlain as he presents you a life changing opportunity.
Charles Chamberlain

Latest posts by Charles Chamberlain (see all)

To fully disable any access to your online account you will need to enter into a “self exclusion” agreement with the company involved. While the bets were risk free, though, I found myself hooked on the spinning wheels and bonus rounds. This article explains the process for the main bookmakers in the UK.

I first tried to cancel my accounts but within a day I had reactivated them and was gambling again. Good luck!

Self Exclusion on Gambling Sites

Online gambling can be fun hobby if you are able to set your limits and control your spending. I went from making risk free bets to making one off £1.00 bets until I was regularly spending £50.00 on a single spin.

My Experience with Gambling Sites

Towards the end of 2011, I began taking advantage of risk free bets on the William Hill website. However if we were all capable of doing that, then there would be no profits for the online bookmakers.

Soon, I found myself logging into my William Hill account first thing in the morning and then every fifteen minutes whilst I worked from home. I had a talent or a knack for gambling and I took my winnings up to £600.00.

Conclusion

If you feel that your gambling is no longer under your control, then the option to disable your accounts for a set period of time is available.

By early January 2013, I was heavily overdrawn and realized that my gambling was no longer fun and if I was to keep my self out of trouble I would need to take some serious action.

Once you lose the ability to control your spending, your best course of action is to remove your access from your favorite sites. However, deleting your account is not enough as you can reopen your account at any time. . Generally the sites will not discourage you and instead assist you if you want their help. I made the decision to permanently disable all my online gambling accounts. You can do it. I found out about these risk free bets through a very popular money saving website based in the UK. I read through William Hill’s responsible gambling guide and found out about self exclusion. The forums on the money saving site were full of people bragging about four-figure wins from these bets. Below, I will let you know my experience with each company

Advantages Of Playing In An Online Casino

Charles Chamberlain

Charles Chamberlain

invites you to spare abit of your time to hear him out on how this 97% accuracy Sports Betting System http://silka.biz changed his life in just a span of 3 months. Just 10 mins of your time, share it with Charles Chamberlain as he presents you a life changing opportunity.
Charles Chamberlain

Latest posts by Charles Chamberlain (see all)

You can start your journey in an online casino by taking a look in to the free practice area where you will be permitted to play for free with fake money.

By: Eden Katz

Though it might sound too easy, the sooner you enter a room in an online casino you might not be sure of how to start and where to start.. This facility is very important and useful for problem gamblers.

If you were to get in to a brick and motor casino without knowing anything about the casino games, you are likely to feel shy and helpless out there; however, under the same circumstances when you are in an online casino, then you are sure to find some real good help without disturbing your co-players from the tutorials available there. Therefore, even if you are going to be tempted to play beyond your bankroll limit, the software will not permit you; however, you will still have the access rights to change your bankroll limitations over again. Online casinos are inexpensive in that you do not spend for fuel to travel until there and you do not impulsively purchase food and drinks; however, if you should really be a profitable player, learn the tricks and nuances, otherwise fun can become terrifying when you loose lots of your money.

For more information on Online Casino gambling and other advantages to online casino gambling check out online-casinos-707.net.

Good online casino sites provide you with tutorial material on how to use the software.

o In an online casino, you have the option of getting trained and also you will be enjoying the benefit of getting a sign up bonus for joining a site.

o Apart from that, you will also be getting a number of bonuses and reward points for playing more, which you will very rarely find in land based casinos.

o Land based casinos provide you with tips and ideas to play within your bankroll by providing you with expert bankroll management ideas, but online casinos more often than not stresses the importance of money management.

o In some of the online casinos you can also request the site to not permit you to play beyond certain bankrolls. This is one of the major advantages of online casinos.

Article Directory: http://www.articledashboard.com

Another major advantage with online casinos is that you will spend less on drinks and food since you will be playing from your home or office. The interesting thing is that you can also play these games from your mobile phones.

If you are just new to the casino world, you might not be sure of how to proceed with the games and it might be risky to start with real money right away. They also provide you with guidelines about the rules of the games, tips, strategies etcetera. You can read through them at any hour in the day and get yourself acquainted with the nuances of the game.

Online casinos provide you with more than normal number of advantages. The primary advantage will be that you can play these games from anywhere in the world if you have an internet connection with a computer or a laptop

Tackling vices one by one, Philippines president targets online gaming | Reuters

Charles Chamberlain

Charles Chamberlain

invites you to spare abit of your time to hear him out on how this 97% accuracy Sports Betting System http://silka.biz changed his life in just a span of 3 months. Just 10 mins of your time, share it with Charles Chamberlain as he presents you a life changing opportunity.
Charles Chamberlain

Latest posts by Charles Chamberlain (see all)

This is out of control.”. “It’s business as normal for now,” said Joe Pisano, chief executive of Jade Entertainment and Gaming Technologies, based in the capital, Manila.

MANILA/HONG KONG After unleashing a crackdown on drugs, Philippine President Rodrigo Duterte is turning his guns on a booming online gaming industry, abruptly scrapping one firm’s 13-year monopoly this week and denouncing its billionaire chief as a corrupt oligarch.

(Editing by Clarence Fernandez)

But Duterte’s position on online gaming hosted in the Philippines for bettors from overseas remains to be clarified, Pisano added. It has sprouted here and there. “Electronic gaming can never take credit for that.”

Annual economic losses from halting Philweb’s contract and closing down e-bingo outlets would be about 10 billion pesos ($214 million), said Pagcor, which is a gaming operator in addition to its role as regulator.

Duterte declared war on online gambling soon after being sworn in on June 30, saying, “Online gambling must stop.

“As we wind down the operations over the next few days, we will have to assess what that means for our operations in the short term,” its president, Dennis Valdez, told reporters.

Until recently, Filipinos could gamble in licensed online cafes, as well as casinos, but Duterte refused to renew the exclusive license of the operator of more than 300 such cafes, Philweb Corp, after its permit expired on Wednesday.

($1=46.7390 Philippine pesos)

Pagcor is also looking into the activities of the Philippines’ special freeport zones that issue licenses to foreign online gaming firms, Domingo added.

The Philippines is the base for most Asian international online gambling operators, who hold licenses issued by its Cagayan economic zone.

That will add to the flashy properties of Melco Crown’s City of Dreams Manila and Philippine billionaire Ricky Razon’s Solaire property, controlled by Bloomberry Resorts Corp, which have already opened.

“We are there to bring in foreign tourists and foreign dollars,” said a Manila-based casino executive who declined to be named, as he was not authorized to speak to the media. However, as the Philippines looks to boost tourism, its burgeoning market for integrated casino resorts, touted as a new Asian hotspot after Macau and Singapore, is unlikely to be targeted, industry executives and Pagcor said.

Philweb has started winding down operations and is working with Pagcor to retain the jobs of its 5,000 employees.

Philweb’s shares lost more than 50 percent to hit lows not seen since 2008 after Ongpin resigned last week, telling shareholders he hoped his action would help get the company’s license renewed.

Last week, Duterte, nicknamed ‘the Punisher,’ singled out Philweb’s chairman, Roberto Ongpin, one of the richest men in the southeast Asian nation, as an example of an oligarch who benefited while the poor suffered.

“It is not quite clear what the president really wants and what the endgame is.”

REGULATOR ALSO LOOKING INTO FREEPORT ZONES

Japanese billionaire Kazuo Okada is expected to open a $3-billion casino resort in Manila’s Entertainment City by year end.

The Philippine gaming industry is one of Asia’s most freewheeling, attracting scores of online foreign companies over the last decade to set up servers aimed at overseas punters, and has lured investments of billions of dollars in casino resorts.

“I doubt if anyone expected what happened,” said a former top official at Pagcor, who asked not to be identified as he was not allowed to speak to the media.

“With the strong and repeated pronouncement of the president, there is no choice,” Andrea Domingo, head of Pagcor, the state regulator of casinos and online gambling, told Reuters. These operators, forbidden to accept bets from locals, have been allowed to keep operating

6,000-1 odds for Charles Barkley to win celebrity golf tournament

Charles Chamberlain

Charles Chamberlain

invites you to spare abit of your time to hear him out on how this 97% accuracy Sports Betting System http://silka.biz changed his life in just a span of 3 months. Just 10 mins of your time, share it with Charles Chamberlain as he presents you a life changing opportunity.
Charles Chamberlain

Latest posts by Charles Chamberlain (see all)

Barkley has finished last five times in his 20 appearances in the tournament. “But I’m a little too old to be trying to take sports serious — I’m out there to relax and have a good time.”

Curry’s teammate Andre Igoudala and Curry’s father, Dell Curry, are also in the field, each listed at 30-1.

Cudney has been setting the odds for the celebrity tournament since the mid-1990s. As of Thursday afternoon, 10 bets had been placed on Barkley to win the tournament at the sportsbook at Harveys casino in Lake Tahoe, Nevada.

Mulder and professional tennis player Mardy Fish are co-favorites at 3-1. He says the largest bets on the tournament have been in the “$10,000″ range, but most are small bets, especially the ones on Barkley, who didn’t exactly ooze confidence about his game in a June press conference promoting the tournament.

Barkley finished 90th out of 91 golfers at last year’s tournament, besting model Kim Alexis by two points and coming up just 178 points shy of champion Mark Mulder, the former major league pitcher.

Leicester City overcame 5,000-1 odds to win the English Premier League, so surely lovable long shot and noted horrendous golfer Charles Barkley has a chance at this week’s American Century Championship celebrity tournament at Lake Tahoe, Nevada — a 1 in 6,000 chance.

. Golden State point guard Stephen Curry (6-1) has attracted “by far and away” the most bets, Cudney said. Former MLB pitcher Eric Gagne (5-1) has attracted the most money as of Thursday.

Barkley is 6,000-1 to win the tournament, which tees off Friday at Edgewood Golf Course. But a few risky folks believe this is his year, or, more likely, simply want a souvenir betting ticket on the NBA Hall of Famer. He’s by far the biggest long shot in the field, with slightly worse odds than Jacksonville Jaguars quarterback Blake Bortles and comedian Larry the Cable Guy, who are each 3,000-1.

“I think they use them to get autographs,” Harveys sportsbook manager Dave Cudney said of the bets on Barkley.

“I would love to play great golf, but I think it’s probably not going to happen for me, man,” Barkley said

CNN – Gambling online? You bet!

Charles Chamberlain

Charles Chamberlain

invites you to spare abit of your time to hear him out on how this 97% accuracy Sports Betting System http://silka.biz changed his life in just a span of 3 months. Just 10 mins of your time, share it with Charles Chamberlain as he presents you a life changing opportunity.
Charles Chamberlain

Latest posts by Charles Chamberlain (see all)

Would-be wagerers open an account with a credit card, although some sites also accept cash and cashier’s checks. … Today, a roster on one “gambling portal” site lists well over 200. But according to Inland CEO Don Speer, elusive profits need not be one of them. “I use the service because it’s convenient and I have access to it when I want,” says one online gambler.

If such gamblers are not satisfied by options available to U.S. “Since there are no controls at present regarding Internet wagering, I would urge investors to shun these firms at present,” he says. The Standard obtained a Department of Justice analysis of the bill S.

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.

Gambling is as at least as old as Christianity (that is, if Ben Hur can be trusted). 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).

The amount spent on Internet gambling is harder to calculate. 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.

Does the seeming invincibility of online gambling make it an enticing business? Jason Ader of Bear Stearns, urges caution. Their case is based on the 1961 Wire Act. citizens, it will be increasingly tempting for them to turn to locations abroad. A Ninemsn spokesperson says that the site does not now offer online gambling and would not comment on future plans. Packer is a man with a voracious gambling appetite. 474, introduced into the Senate by Arizona’s John Kyl in 1997 as the Internet Gambling Prohibition Act. 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?

It’s not because they operate in any fundamentally different way. attorney’s office theoretically operate out of the Caribbean. But as more and more traditional firms become involved, the consumer will look for the brand name. Casino games are available on a site or via downloadable software.

But even if Congress comes up with the best-crafted legislation in history, there are significant factors beyond its control. 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. For decades, Vegas was about the only legal option for gamblers. “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. The Internet is presently unregulated and we support a federal law regulating Internet gambling.”

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). I’ve not had problems being paid.”

All the sites indicted by the U.S. 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. Legislators have considered enlisting Internet service providers to patrol for undesirable sites, although Internet gambling insiders consider that proposal dead on arrival. 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. “Ultimately, Internet gambling operators are selling a product. In 1998, the Senate passed, by a large margin, an amendment prohibiting Internet gambling, but that bill died before becoming law. As Timothy L. 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.”

The prosecutors’ focus on sports bets appears to stem from legal precedent in the law they relied on. “Federal legislation will make it difficult but not impossible for Internet gamblers in the U.S. to gain access to offshore sites,” says Sebastian Sinclair of Christiansen/Cummings. But they say the more bettors, the better. 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. 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.”

Nonetheless, some experts think the case could be made to stick. (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. The minimum amount to begin an account varies. “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.”

Running an online casino carries all the usual challenges of Internet businesses, from low click-through rates to servers that fail.

First, legislation should treat physical activity and cyberactivity in the same way. has had little cooperation from any other nation.

That partnership leads many observers to believe that an online casino – using Microsoft platforms, of course – is in the works. (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. 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. According to an analysis by Sue Schieder of Rolling Good Times, the online gambling magazine, the new legislation would not punish the casual bettor. In 1997, published reports put the total number of operating online casinos at 15. That makes for an Internet gambling environment too porous for U.S law enforcement to plug.

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. Aruba, for one, is refusing to extradite any indicted individuals to the U.S., and thus far the U.S. Together, these sites have about 4,300 registered customers in 96 countries around the world.

Today, Americans spend some $600 billion a year on legal gambling, making it by far the favored national pastime. Justice believes that any legislation addressing criminal misuse of computers or computer systems (including the Internet) should have three vital characteristics. college and professional sports. Kyl introduced a revised version earlier this year, removing some of the more onerous and hard-to-enforce provisions.

Internet Gambling Worldwide, Past and Future

Take Interactive Gaming and Communications, another publicly traded company, located in Blue Bell, Pa. 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. Passed during the term of crime-fighter Attorney General Robert Kennedy, the law was intended to outlaw betting over telephone lines. “And it is possible that records could be subpoenaed of various banks where these companies maintain accounts.”

You might think that the prospect of competing against the likes of Microsoft would terrify a $20 million company like Inland. Even the firms that have enjoyed some stock-price popularity – such as Youbet.com – have shaky fundamentals.

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.

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. “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. Inland, for example, operates two Web sites in addition to the one bearing Kenny Rogers’ likeness: Casinoaustralia.com and Goodluckclub.com. 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. Bets generally range from $1 to as much as $300. 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.

But a hard-core base will continue to turn to Internet betting for its clear advantages. “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.

One major barrier to profitability is the law. attorney for the Southern District of New York, indicted 14 managers of six Internet companies for offering gambling on their sites. 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. At one point, Interactive Gaming looked like it could be an industry leader.

The original version of Kyl’s bill failed most of these tests. In January, MegaSports began taking Internet bets from Australians; it expects soon to allow global gambling on sporting events. Legislation tied to a particular technology may quickly become obsolete and require further amendment. In most cases, this means operating out of Australia. Even the precise number of online casinos is hard to calculate. Like the Communications Act passed in the 1930s, technology has now leapfrogged the law. In a highly publicized March 1998 “raid,” Mary Jo White, the U.S. The Wire Act obviously has no mention of wagering over the Internet. White’s hesitancy suggests that the law may not be as solid as she thought when she indicted.

Prosecutors focus on sports betting

Intriguingly, though, all the bets that make up the U.S. 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. They almost always include slots, blackjack and video poker, but many sites carry more exotic games, from baccarat to pai gow. His equal partner is Australian tycoon Kerry Packer of the Crown Casino in Victoria. (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. Almost all online gambling sites work the same. Attorney White has proceeded slowly and quietly. So how is it that these companies appear to operate legally, but a dozen Caribbean cowboys found themselves under felony indictment?

Second, legislation should be technology-neutral. But following a 1997 indictment, the state of Missouri settled a suit against the company and its president, Michael Simone, for about $35,000. That figure exaggerates the size of the Internet gambling sector, since some companies operate more than one online betting parlor. 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. Says Sinclair of Christiansen/Cummings: “You are going to feel more comfortable wagering with a Hilton than you will with Joe’s Casino.”

The office of U.S.

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. 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. Failure to account for that specificity in legislation could stifle the Internet’s growth or chill its use as a communications tool. attorney’s case involved the casinos’ sportsbooks. The defendants, many of whom live abroad, were threatened with up to five years in prison and $250,000 fines. He claims Inland’s Internet gambling business went slightly into the black in March, on annualized revenues of about $1 million. For one thing, gambling from one’s home allows for a variety of techniques that would get one tossed out of a regular casino.

Is Microsoft betting too?

The potential action is too compelling for even the largest tech tycoons to resist. . Estimates range from $650 million to $1 billion a year, worldwide – a tiny fraction of the amount spent on more traditional formats. One Australian state, Queensland, is already awarding licenses for online gambling, and others may follow soon. Her higher-ups in the Justice Department appear to agree. But the travails associated with fending off lawsuits have essentially put the company out of business

CNN – Gambling online? You bet!

Charles Chamberlain

Charles Chamberlain

invites you to spare abit of your time to hear him out on how this 97% accuracy Sports Betting System http://silka.biz changed his life in just a span of 3 months. Just 10 mins of your time, share it with Charles Chamberlain as he presents you a life changing opportunity.
Charles Chamberlain

Latest posts by Charles Chamberlain (see all)

His equal partner is Australian tycoon Kerry Packer of the Crown Casino in Victoria. Failure to account for that specificity in legislation could stifle the Internet’s growth or chill its use as a communications tool. 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. 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. to gain access to offshore sites,” says Sebastian Sinclair of Christiansen/Cummings. Estimates range from $650 million to $1 billion a year, worldwide – a tiny fraction of the amount spent on more traditional formats.

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. Together, these sites have about 4,300 registered customers in 96 countries around the world.

Nonetheless, some experts think the case could be made to stick. Their case is based on the 1961 Wire Act.

The amount spent on Internet gambling is harder to calculate. 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. has had little cooperation from any other nation. He claims Inland’s Internet gambling business went slightly into the black in March, on annualized revenues of about $1 million. The Standard obtained a Department of Justice analysis of the bill S. In 1998, the Senate passed, by a large margin, an amendment prohibiting Internet gambling, but that bill died before becoming law. But they say the more bettors, the better. If an activity is prohibited in the physical world but not on the Internet, the Internet becomes a safe haven for that criminal activity. 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?

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. Packer is a man with a voracious gambling appetite. attorney for the Southern District of New York, indicted 14 managers of six Internet companies for offering gambling on their sites.

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. In a highly publicized March 1998 “raid,” Mary Jo White, the U.S.

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. Legislation tied to a particular technology may quickly become obsolete and require further amendment. 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.”

The original version of Kyl’s bill failed most of these tests. 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.”

If such gamblers are not satisfied by options available to U.S. “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. A Ninemsn spokesperson says that the site does not now offer online gambling and would not comment on future plans. 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. citizens, it will be increasingly tempting for them to turn to locations abroad.

First, legislation should treat physical activity and cyberactivity in the same way. attorney’s case involved the casinos’ sportsbooks.

It’s not because they operate in any fundamentally different way. Says Sinclair of Christiansen/Cummings: “You are going to feel more comfortable wagering with a Hilton than you will with Joe’s Casino.”

Today, Americans spend some $600 billion a year on legal gambling, making it by far the favored national pastime. Justice believes that any legislation addressing criminal misuse of computers or computer systems (including the Internet) should have three vital characteristics. The defendants, many of whom live abroad, were threatened with up to five years in prison and $250,000 fines.

Does the seeming invincibility of online gambling make it an enticing business? Jason Ader of Bear Stearns, urges caution. 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.

All the sites indicted by the U.S. 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.

So how is it that these companies appear to operate legally, but a dozen Caribbean cowboys found themselves under felony indictment?

Take Interactive Gaming and Communications, another publicly traded company, located in Blue Bell, Pa. Casino games are available on a site or via downloadable software. 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 even if Congress comes up with the best-crafted legislation in history, there are significant factors beyond its control.

Internet Gambling Worldwide, Past and Future

Gambling is as at least as old as Christianity (that is, if Ben Hur can be trusted). But the travails associated with fending off lawsuits have essentially put the company out of business. (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. “I use the service because it’s convenient and I have access to it when I want,” says one online gambler. college and professional sports. Even the precise number of online casinos is hard to calculate. “Federal legislation will make it difficult but not impossible for Internet gamblers in the U.S. (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. Even the firms that have enjoyed some stock-price popularity – such as Youbet.com – have shaky fundamentals. In most cases, this means operating out of Australia. 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. Running an online casino carries all the usual challenges of Internet businesses, from low click-through rates to servers that fail. attorney’s office theoretically operate out of the Caribbean.

The prosecutors’ focus on sports bets appears to stem from legal precedent in the law they relied on. That makes for an Internet gambling environment too porous for U.S law enforcement to plug. “Since there are no controls at present regarding Internet wagering, I would urge investors to shun these firms at present,” he says. Her higher-ups in the Justice Department appear to agree. “Ultimately, Internet gambling operators are selling a product. Bets generally range from $1 to as much as $300. “I wager on football games and usually bet in the neighborhood of $1,000 every weekend. 474, introduced into the Senate by Arizona’s John Kyl in 1997 as the Internet Gambling Prohibition Act. The Wire Act obviously has no mention of wagering over the Internet. Passed during the term of crime-fighter Attorney General Robert Kennedy, the law was intended to outlaw betting over telephone lines. But according to Inland CEO Don Speer, elusive profits need not be one of them. In January, MegaSports began taking Internet bets from Australians; it expects soon to allow global gambling on sporting events. 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. “And it is possible that records could be subpoenaed of various banks where these companies maintain accounts.”

The office of U.S. 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. For decades, Vegas was about the only legal option for gamblers. But as more and more traditional firms become involved, the consumer will look for the brand name. 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. Attorney White has proceeded slowly and quietly.

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). At one point, Interactive Gaming looked like it could be an industry leader. Almost all online gambling sites work the same. They almost always include slots, blackjack and video poker, but many sites carry more exotic games, from baccarat to pai gow.

Prosecutors focus on sports betting

Intriguingly, though, all the bets that make up the U.S. The Internet is presently unregulated and we support a federal law regulating Internet gambling.”

Is Microsoft betting too?

The potential action is too compelling for even the largest tech tycoons to resist. . In 1997, published reports put the total number of operating online casinos at 15.

But a hard-core base will continue to turn to Internet betting for its clear advantages. That figure exaggerates the size of the Internet gambling sector, since some companies operate more than one online betting parlor. According to an analysis by Sue Schieder of Rolling Good Times, the online gambling magazine, the new legislation would not punish the casual bettor. I’ve not had problems being paid.”

One major barrier to profitability is the law. “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. Kyl introduced a revised version earlier this year, removing some of the more onerous and hard-to-enforce provisions. White’s hesitancy suggests that the law may not be as solid as she thought when she indicted. But following a 1997 indictment, the state of Missouri settled a suit against the company and its president, Michael Simone, for about $35,000. 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. 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. 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. As Timothy L. The minimum amount to begin an account varies.

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. 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. Today, a roster on one “gambling portal” site lists well over 200. One Australian state, Queensland, is already awarding licenses for online gambling, and others may follow soon. Aruba, for one, is refusing to extradite any indicted individuals to the U.S., and thus far the U.S. Inland, for example, operates two Web sites in addition to the one bearing Kenny Rogers’ likeness: Casinoaustralia.com and Goodluckclub.com.

Second, legislation should be technology-neutral. 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.”

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). “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. (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.

That partnership leads many observers to believe that an online casino – using Microsoft platforms, of course – is in the works. Like the Communications Act passed in the 1930s, technology has now leapfrogged the law. ..