LAS VEGAS, Nevada (CNN) — Think of a game. He wanted a grand on Kerry.
One woman and her husband wanted to bet $100 on Kerry (Last of the big spenders there.) Another man would bet a thousand dollars on Bush. The presidential election is just the big enchilada in this respect.
On everything, that is, except the U.S. Now try to put a bet on it. There’s a fair chance that in Las Vegas someone will give you odds and take your money.
The Web site makes it clear that the odds are being offered for information and entertainment purposes only and that using this information is a violation of federal law.
Welcome to Las Vegas. “Superbowl-type sums would be bet. “You look at any place around the world, whatever country you want to go to and you can bet on almost anything. She offered up three.
Even though the odds mean no-one will make a fortune unless they bet a great deal of money, a quick non-scientific poll on the Las Vegas told me he might be right!
But of course, Las Vegas didn’t get to be the gambling capital of the world without being canny.
It is against the law in Las Vegas (and thereby everywhere else) to bet on the outcome of the race for the White House.
Why? No-one seems entirely certain, but it probably has something to do with it being unseemly to bet on something as important as the White House.
And he is of the view a lot of money would be wagered. But he talked it well and probably could have talked me out of the busfare home.
So for instance, Web sites like Americasline are giving odds out on who will win on November 2.
And they show the two are absolutely equal.
And even though you can’t bet in the city, and no casino is giving you the chance, there are plenty of betting services that are offering up the odds on this years race.
“I think it is absolutely ludicrous. Because what this means is that in places where on-line betting is allowed like the UK, or offshore betting jurisdictions like the Carribean, these odds are being used as a barometer for those who are betting on the outcome.
Frankly I wasn’t sure he had the price of a cujp of coffee. presidential election.. ” He told me. I think we should be allowed to bet on the presidency. Any game. Hundreds of millions of dollars” he says.
Not that will worry those overseas too much. Just don’t bet on who will be president!
Well, he knows a great deal more about the subject than me.
But proving that Las Vegas is the last of the big talking towns — one man said if he had a hundred million dollars he would bet a million on Kerry.
Some members of Congress believe all spread betting is immoral and should be banned. One couple even got into an intra-marital bidding war
“The abnormal stock market volatility has revealed an immature market, inexperienced investors, an imperfect trading system, and inappropriate supervision mechanisms,” Xiao said at an annual meeting. Beijing will release GDP data for 2015 on Tuesday.
On Friday, the yuan had weakened sharply offshore, opening up a gap of more than 1 percent with the steady onshore market.
China’s central bank tightly manages the onshore market by setting a daily target for the yuan, which is allowed to trade within a 2-percentage point band either side.
A senior dealer in Shanghai suggested that the RRR move “will help drain yuan liquidity offshore, and will dampen banks’ interest in conducting offshore yuan business”.
The People’s Bank of China (PBOC) said it would start implementing a reserve requirement ratio (RRR) on offshore banks’ domestic deposits, in a move that seemed intended to soak up additional liquidity.
The offshore yuan CNH=D3 was trading at 6.5855 per dollar, around 0.1 percent softer than the onshore spot rate.
China’s major share indexes have lost 16-18 percent so far in 2016, taking them back to around the levels plumbed in August, when the market slumped more than 40 percent in a summer crash.
Chinese equities had tumbled on Friday, with the Shanghai index closing lower than at any time since December 2014, leaving most investors who put their faith in Beijing’s measures to end last summer’s crash nursing losses.
(Reporting by Pete Sweeney, Samuel Shen and Shanghai and Beijing newsrooms; Writing by Alex Richardson; Editing by Neil Fullick)
The spot market CNY=CFXS opened at 6.5800 per dollar on Monday and was changing hands at 6.5790 by mid-afternoon, 0.08 percent firmer than the previous close. His remarks were published on the CSRC website.
Xiao Gang, head of the China Securities Regulatory Commission (CSRC), pledged over the weekend to strengthen oversight of the market.
“The market sees that this is a gesture by the PBOC to warn speculators that are betting on a fast depreciation of its currency,” said Zhou Hao, senior emerging markets economist for Asia at Commerzbank AG in Singapore.
Setting an RRR – requiring banks to hold a certain level of currency in reserves – could tighten liquidity leaving less yuan for banks to lend and so making it more expensive for speculators to bet against it.
But sentiment remained fragile, with analysts expecting further turbulence ahead.
A turbulent start to 2016, with currency and stock markets tumbling, has stoked concerns that Beijing’s policymakers are in danger of fumbling as China heads toward its slowest growth in 25 years. The central bank had set a firmer tone by raising the mid-point to 6.5590 CNY=SAEC..
Monday’s move by the PBOC was seen by some as being – at this stage – more of a symbolic warning to banks, aimed at discouraging them from being too active in yuan dealings as part of its broader campaign to deter those betting offshore that the currency will fall.
SHANGHAI China’s yuan rose on Monday as the central bank announced a fresh move to deter offshore speculation in the currency, while stocks rebounded modestly from near levels last seen at the depths of last year’s summer crash.
China’s currency has fallen around 5 percent since August, and while most analysts expect further weakening the authorities have been loath to allow it to depreciate too fast.
After recent jitters about the health of the world’s second-biggest economy, investors took some comfort from data that showed a continuing recovery in the housing market.
Confusion over China’s foreign exchange policy and its commitment to reforms has sparked mayhem in financial markets in recent weeks, as the PBOC allowed the yuan to fall sharply in early January and then moved aggressively to try to steady it.
Ever-contrary, China’s notoriously volatile stock markets opened sharply lower on Monday but reversed course to buck the global trend, with the benchmark Shanghai Composite Index .SSEC and the CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen both edging up 0.4 percent.
“After experiencing the crashes last year, the sentiment is quite vulnerable and pessimistic now,” said Xiao Shijun, an analyst at Guodu Securities in Beijing.
Global markets have also tumbled in January, with Asian shares sliding on Monday to their lowest levels since 2011 following weak U.S
Being able to distance yourself from the horde of undead is only one reason to plan on using your sailboat to survive the apocalypse.
Well, you have a problem here; as a rule, cruisers don’t carry firearms – something about ending up in 3rd world prisons seems to dissuade most people. While you can attempt raids on land-based strongholds, this is not generally a good idea as these tend to be guarded by survivalist who shoot first, ask questions later. Your better bet is to get creative with what you will likely find: flare guns, the occasion spear fishing setup, and lots and lots of little tiny pocketknives. Consider creating oars that double as weapons by attaching knife blades to them. Don’t dismiss the value of a good whack with a frying pan, either.
It might not be the most exciting diet, but you’ll be able to eat all the fish you can catch. With no other people fishing, the sea life will increase rapidly and your chances of actually catching something will improve greatly.
The one thing cruisers have in abundance is movies. Sailing gives you a lot of free time and you can only watch the waves for so long. The downside is that people that live on sailboats tend to be cheap, which means that most of your viewing selections (from your vessel, and salvage from abandoned vessels) will be the bad, bad slasher-type DVDs commonly found in the $1 bin at discount stores. The ghost-of-the-psychopathic-ice-climber-taking-out-the-teenagers-one-by-one type of movies. Of course, many zombie DVDs also fall into this category, so perhaps you’ll have access to a lot of training videos. Bonus!
The wind powers your home, and you don’t need to go ashore to get it. Your sailboat should be equipped with a spare set of sails and a good sewing machine to keep the boat’s power source in optimum condition. If you do need to refill the engine now and again, most marinas have a fuel dock with no house nearby for zombies to hide in. A quick trip in to fuel up, maybe grab some water, and you are off, away from the dangerous shoreline. Another advantage is that docks are usually clear so you’ll see the zombies coming as soon as their feet hit the wood.
Small or large, your sailboat will have a place to sleep. Granted, it may be a little small, or require a gymnastics background to get in to, but it’s there. Keep your sailing range to the equator and you won’t even need blankets. More talented sailors will choose to move up and down their chosen coastline to take advantage of the best weather. It’s always possible that a hurricane has cleaned a coastal area of zombies and you’ll have time to go ashore and stretch your legs before the inland zombies repopulate the area.
If you’ve been able to save some friends along with yourself, you had better really like these people. Even when you’ve managed to trade your way up to something giant that sails, your living space will still be pretty danged small when compared to the houses you all used to live in. With enough people, though, you could always do sort of a “Survivor” plan and have secret alliances that choose who will be used as bait, should you miscalculate and run into some serious zombie action. Maybe seeking out nests of survivors would be a good idea after all.
Ah yes, zombies. They love the night, hide in unexpected places, and desperately seek to consume your flesh – but they don’t swim. The most dedicated might, perhaps, walk along the riverbed to get across, but they’re slow; also, I’ve never seen them crossing large bodies of water, like oceans. As long as you’re in the ocean you could easily pull up anchor to escape once you saw the throng heading into the waves towards your anchored vessel. Plenty of seaweed is edible, and you can always plan raids on areas that appear to be zombie free. You’ll have plenty of time to hang out offshore and watch for activity.
Look for small islands that never had people to start with. Of course this means they’re either uninhabitable, or wildlife refuges. Go for the refuge, but watch out for the ranger if you do. It would totally suck to let down your guard only to find that some randomly infected/affected park ranger is roaming the island hoping for careless sailors. This is a good place to test the ‘zombie bait’ plan.
Once you find that “clean” island to live on, you’re golden. All you have to do is wait for all the zombies on the continents to die out and you can head back home. You might want to give some consideration to the animalistic mentality that will be prevalent among survivors and try to calculate how long it will take for civilization to re-establish itself. Just get the good stuff and the beans.
It’s hard to rank these with regard to importance as some are interdependent while others are advantageous, but not critical. It is also difficult to be sure that all the most common concepts are covered, such as, what if your sailboat is on a lake? Should you be more worried about survivors swamping your boat trying to escape land or zombies walking along the lake bottom? Most of the most critical ideas can be modified for lake survival and perhaps adapted to escaping down a river. If you will be considering a river escape, you’ll want a powerboat, since zombies won’t be inclined to open draw bridges for you. Get yourself a sailboat once you’ve reached the shore, and apply the following concepts:. Search any abandoned boats you come across for the rusting cans of beans they all carry. Give it at least one good growing season so you can trade your fish for some tasty zucchini.
No self respecting zombie would ever choose to live in a boat, so every marina you come across will be filled with abandoned boats just waiting for you to strip them of all the necessary gear. A few things, like radios, won’t be of much use, unless you believe there are pockets of survivors calling out their locations. I can’t imagine any of them would be giving you weather reports so unless you’re looking for survivors (and I would highly recommend against that as there always seems to be one or two infected people amongst them) don’t worry about a radio
Thus, gambling practices cause a huge financial burden on the families of the affected and on the society at large.. They tend to stay away from their near ones, resulting in distrust between them and their loved ones.
? Similar to how an individual keeps consuming substances like drugs or alcohol to experience an altered mental state, he continues to gamble. Their debt keeps building and it may reach an amount that exceeds their capacity to repay.
? People who fall prey to gambling tend to remain away from their families and waste money on other bad practices. Some take to substance abuse to supplement the high they get from winning huge sums while gambling. The addiction robs a gambler of all the productive time and leads to loss of efficiency at work. The effect is similar to that of having a drug or a drink, which is why gambling changes one’s mental state and mood.
? Gambling has proven to be addictive. Some go that way to forget the sorrow of losing big sums when gambling.
? They start borrowing money and take secret loans. Because of this, they land in worse situations and take the wrong decisions in life.
? Gambling at the cost of one’s job results in a decline in the quality of his professional life. When they lose the money they had risked, they further gamble to recover the lost amount and it becomes a vicious circle even they can’t escape from.
? According to a research by NCPG, 76 percent of problem gamblers are likely to have a major depressive disorder.
Compulsive gambling leads to bankruptcy
? The addiction to gambling can leave one in bankruptcy. According to the National Research Council, 10 to 17% of the children of problem gamblers have been abused and so have 25 to 50% of the partners of problems gamblers.
? Substances of abuse are served at casinos and in pubs and clubs, thus increasing the likelihood of gamblers consuming them. Betting is a mentally taxing activity, and as one goes on risking more and more money, anxiety starts building.
? Research has shown that gambling can lead to harmful behavior in people. The stress of risking huge amounts of money or the frustration after losing it can increase the tendency of abuse in gamblers. The addiction gets on to the gamblers to such an extent that they fail to think wisely before acting. The greed never ends and they keep betting more and more. The decision to gamble money is based on three parameters namely; how much to bet, the predictability of the event, and the conditions agreed upon, between the gamblers. It soon becomes a habit that can’t be broken.
? According to the University of New York, in people with alcohol use disorders, the chances of developing an addiction to gambling are 23 times higher.
? As gambling leads to increased criminal activities, in a way, gamblers add to the burden on prisons and the legal system.
Initially, one looks at gambling as a way to run away from life’s problems, or from stress, anger, and loneliness. To add to the so-called merry atmosphere, gamblers often smoke or drink while playing.
? People continue gambling with the greed of winning money. Due to lost mental peace, they may ill-treat their spouse and children. The two go hand in hand. This proves to be detrimental to their social and family life. A recreational activity is supposed to be refreshing and relaxing, but something like gambling is contrary to the very purpose of recreation. On giving a serious consideration to the negative effects of gambling, we realize that it is best avoided.
? The stress from gambling may lead to health issues like ulcers, stomach problems, muscle pains, headaches, and problems with sleep.
? Children of parents who are problem gamblers or gambling addicts tend to feel abandoned and angry, further increasing stress and leading to strained family relations.
? Gamblers often exhibit mood swings and a strangely secretive behavior. A study by the same university suggested that 73% of the individuals who are imprisoned are found to be problem gamblers.
Gambling = Thoughtless Expenditure + Waste of Time
? An Austrian study said that around 1 in 5 suicidal patients had a gambling problem.
? The costs of treating compulsive gamblers are huge. Card games, coin tossing, and dice-based games are some non-casino based forms of gambling. Sports betting and arbitrage betting are the other types. In spite of the losses incurred, they continue betting. Rehabilitating the gambling addicts needs money and time, and the process is not very easy. ? Gambling can lead to criminal activities. Over time, it becomes a habit, and eventually an obsession that can’t be overcome. It only leads to a thoughtless expenditure of money and valuables.
? A majority of those addicted to gambling have substance abuse disorders.
? Gambling is practiced as a means of recreation. The skill of a gambler lies in weighing the three parameters and making a decision about what amount should be staked and how much should be expected in return.
? Apart from absence at work and drop in efficiency, a common observation is that gamblers tend to steal money and engage in fraudulent behavior to recover from financial losses incurred when gambling, or to get more money to bet.
? Addiction to gambling has been linked with substance abuse. The National Council of Problem Gambling (NCPG) describes this type of gambling behavior as problem gambling.
Gambling refers to the betting of money on an event with an uncertain outcome, with the intent of winning additional wealth. Their mental state can even lead to suicidal tendencies.
? Additionally, rehabilitation and public assistance systems are taxed.
Mental and physical health problems, financial issues, and conflicts in the family are among the common negative effects of gambling. It can drag you into crime, gambling isn’t fun.
Games offered in casinos, table games like poker, Red Dog, and Blackjack, as also electronic games like Slot Machine and Video Poker are some of the common types of gambling. In the following sections of this Buzzle article, we discuss the negative effects of gambling on the individual and society.
? Problem gamblers and addicts tend to abuse their family members. Thus, gambling can have a grave economic impact which is difficult to reverse.
? Over time, the practice of gambling starts becoming a habit and begins to have damaging effects at psychological, physical, and social levels. The addiction has negative effects on one’s physical and mental health and it proves to be detrimental to one’s social, personal, and professional life. Addiction to gambling, coupled with substance abuse can make the gamblers physically abusive towards their family. They engage in gambling activities at the cost of their time with family and friends. It causes a decline in his/her work performance, thus hampering his career.
? Studies show that children with a sibling or parent addicted to gambling, are more likely to take to substance abuse.
You could be at gunpoint or holding the gun. Forget satisfaction or peace, it is not even refreshing in the real sense. Six to eight million people in America are estimated to have a gambling problem.
? According to a study by the George State University, 50% of the problem gamblers commit crime. The addiction leads people to continue with gambling irrespective of whether they earn or lose in the deal
“That ain’t what you do. is still going to call the local bookmaker to bet” because it requires no money, he said.
If it becomes legal, New Jersey Governor Chris Christie has said there would be strict state oversight, much like the way it works at his state’s Atlantic City’s casinos.
But Angelo Lutz, who is a legitimate businessman and restaurateur, told Ford that if New Jersey wins, it still won’t have much of an impact on organized crime. You’re not looking for John and Nancy Adams to walk in and order champagne cocktails and pomegranate martinis,” he said. “Gambling’s going on anyway. “They won’t even put a dent in it.”
To watch Jack Ford’s full report, watch the video in the player above.
When Ford asked Luntz if legalizing sports betting would make bookmakers lose some of their business, he said “who cares.”
“You want the degenerate gamblers to bet with you. No one’s ever gonna stop it.”
Ford asked Alite why he’s okay with letting New Jersey legalizing sports gambling.
Bookmakers and organized crime members have long profited in the high-stakes world of illegal sports gambling.
“Because they won’t take it over,” he said. That ain’t your weed. That ain’t where you draw your money from.”
After two decades with the mob, John Alite told Ford he has given up bookmaking, and now supports efforts to legalize sports gambling.
“If that can help people in the community for their taxes, roads, the infrastructure of whatever goes on in Jersey, why not,” he said.