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Future of sports betting: The bettors

Daisy Henry

Daisy Henry

This author is a HUGE fan of Sports Betting
Daisy Henry

That is why many syndicates opt for the big Asian markets, where people are happy to take large bets.”

However, the current U.S. The ultimate goal is to solve the equation.

“Let me put it this way,” John Avello, a Vegas veteran and executive director of Wynn race and sports, told ESPN. And the opportunity is pursued almost instantaneously through the use elaborate trading software that accommodates both speed and volume.

“Robots made and funded by professionals are made for profit,” said Robin Hanson, an economics professor at George Mason University and author of “The Age of Em: Work, Love and Life When Robots Rule the Earth.”

“We analyze data, we build algorithms, we predict what will happen and then we make a trade,” said Poots.

In the future, the most-sophisticated bettors won’t be human — they’ll be robots.

Coming in Part 3 on Friday: What are the pitfalls of expanded legalized sports betting in the U.S.?

“It’s not unusual to hear people refer to trading stocks as no different than going to Vegas,” Cuban wrote in 2004. “They are right.”

Future outlook not all rosy for casual bettors

But when it comes to sports wagering, there is profound blurring of the two: The more the sports betting market grows, the more financial trading strategies increasingly bleed into it.

The whole idea of thinking computers conjures up movie images of Hal 9000 from “2001: A Space Odyssey,” WOPR from “War Games” or Ava from “Ex Machina.” Whether described as artificial intelligence, neural networks or machine learning, the applications to advanced sports betting are obvious.

“Limits will be too small or they’ll charge too much vig or only do parlays,” Denkenson said.

“As ABD is found to be a strong predictor of performance, it will be extremely valuable to bookmakers,” said Gale, who is also a lawyer and wrote an academic article on the topic for the Arizona State Sports and Entertainment Law Journal. The other circle is general principles of investments, trading, hedging, arbitrage and asset allocation. “The second approach is to carefully develop scientific predictions, then place a traditional bet in the market. One circle is sports gambling as it is traditionally construed. Invest.”

That was President Barack Obama’s advice to Americans in a wide-ranging June 2016 interview with Bloomberg Businessweek.

Kristy Gale, CEO of Hypergolic, an Arizona-based technology and biometric data rights company, told ESPN that ingestible, injectable and implantable technologies — from sensors to diagnostic to therapeutic devices — will increasingly make their way into athlete bodies and will be used to monitor an athlete’s movement, field position and acceleration rate, among other things. Nevada has approved “entity betting” for sports, where regulated hedge fund-like groups, like Priomha Capital, are allowed to accept out-of-state money from “investors” to use at any participating sportsbook.

“Some bots,” Kucharski added, “are helping gamblers sneak bets into the market without their competitors discovering what they’re doing. Veteran Vegas pro Alan Denkenson doesn’t have high hopes.

In a nutshell, here’s how the robots operate: Sophisticated forecasting models convert event probabilities into prices (i.e. “Also, the vig is so high in sports gambling, and particularly daily fantasy sports, the trading costs are incredibly high compared to financial markets.”

. Eventually, bettors will likely be able to legally place bets on their phone from the comfort of their couches. Researchers have studied the overlap between these two circles.

Bottom line: If a casual person wants to place a bet, he or she will have a variety of options.

That’s bad news for Joe Public: In the future, the average recreational sports bettor will be up against it.

Maybe the legal tag will improve sports betting’s reputation and help the market grow to a point where the business-savvy investors of Wall Street will start to see it as an opportunity. A good analogy is to poker, where intelligent bots have taught themselves how to bluff and deceive opponents. Part 2 focuses on the bettors in this future landscape. This means bettors can jump on any mispriced odds almost instantly,” Kucharski said. “These data will certainly be in demand and monetized in the sports wagering industry.”

Sports trading, not sports betting

“The sports wagering market just isn’t liquid enough for large investors to spend their time,” Moskowitz said. “With the BREXIT and the market crashing, as well as the long-term uncertainty that will pervade the global markets, a non-correlated asset class immune to traditional market risks is attractive.”

The overlap between sports betting and Wall Street investing is not lost on experts.

Brendan Poots, a former fun88 mobile professional bookmaker, is the CEO of Priomha Capital, a global sports trading fund with offices in Melbourne, Australia, Las Vegas and Gibraltar. “Most nonprofessionals are humans, who lose.”

“Every trade we make is traceable, down to time, size and type,” Poots said.

Cuban’s idea never materialized, but 12 years later, his blog post seems remarkably prescient. This is hard, given limits on betting.

Entity betting hasn’t taken off yet in Nevada, and only one of the state’s regulated books — CG Technology — is participating in it.

These potential new bettors (and existing ones), depending on the state they live in, may be able to get bets down at new sportsbooks, gas stations and even kiosks in their local sports bar. She said the athlete biometric data, called ABD for short, may be used as a commodity sold to fantasy sports providers and sportsbooks. Or offered directly to consumers as exclusive gaming options.

Each group is doing whatever it takes to stay one step ahead of the other. sports betting market has a long way to go before meriting serious consideration from hedge funds and institutional investors.

“Sports betting is a zero-sum game, so there must be winners and losers, and professionals win on average,” Hanson said. Soon, they’ll be able to outsmart humans.

He believes this is the future of sports betting in the U.S.

Professor Adam Kucharski, a London mathematician who researched scientific approaches to betting in his new book, “The Perfect Bet: How Science and Math Are Taking the Luck out of Gambling,” says high-tech bettors primarily take two different approaches with their bots.

Tobias Moskowitz, a finance professor at Yale and author of the forthcoming academic paper titled “Asset Pricing and Sports Betting,” said he uses sports betting as a laboratory to test certain pricing theories, ruling out some while confirming others.

“We are hoping that we can continue to pioneer the development of entity wagering,” said Poots in a summer email interview with ESPN. Or while seated courtside at an NBA game.

Opinions differ as to whether nationwide legalized sports gambling will result in a net increase in the overall number of bettors and volume. After all, they already know how to do it.

The next-gen data being fed to the robots will be streaming from motion-tracking cameras located in stadiums and arenas and microchips placed in uniforms and equipment, like helmets and footballs. Others in the industry think legalization will create a whole new class of bettors, with a mass of people who previously avoided sports betting because of its illegality now entering the market.

Editor’s note: Part 1 of ESPN’s future of sports betting series focused on the paths to legalization in the United States and what the resulting marketplace could look like. If the market price differs from the model price enough to withstand the vig or commission, the difference represents an opportunity. There will be bumps in the road, especially if bettors’ concerns are not addressed. Some experts cite a substitution effect, where bettors currently using illegal bookmakers will simply transition to regulated ones. “If the stock market started today, it would probably be looked at as gambling.”

As the gambling market starts to look more like already-recognized financial markets, some experts suggest that sports gambling may provide the “Holy Grail,” so to speak, in investing — an uncorrelated, alternative asset class, which allows for diversification and protection against any sector-specific downward trends in a well-balanced investment portfolio.

In an academic paper released this year by a pair of quantitative research analysts, Lovjit Thukral and Pedro Vergel Eleuterio found that “sports trading can provide an attractive option to investors as an alternative asset to generate excess returns which are uncorrelated to their existing portfolio.”

Think of a Venn diagram with two circles that overlap considerably in the middle. They’re constantly developing and improving predictive models for all aspects of sports betting. The Green Bay Packers as a -150 favorite have an implied win probability of 60 percent). Athlete bodies will be a data source, too.

“The first involves hooking up robots directly to the betting exchange servers. Sports betting robots are going to get better at outwitting humans, too.”

Denkenson, a former New York City bookie who was portrayed by Bruce Willis in the movie “Lay the Favorite,” has seen all sides of the industry. But Poots still believes this is the future of sports betting in the U.S.

There is an ongoing arms race between elite sports betting syndicates.

And while many of the sharpest bettors in the future may not be human, the vast majority will be. If an NFL point spread gets off-kilter or a live scout transmits the result of an obscure, low-level tennis match before the books know it, the bots can unleash a firestorm of bets all over the world. Instead of investing in the stock market or betting themselves, much like choosing to invest money in a mutual fund in the stock market, some people will prefer to put their hard-earned money in the hands of professionals.

“Don’t gamble. “Most syndicates are already using various forms of machine learning.”

Is he gambling or investing?

“It’s going to be a mess,” he said.

But these increased options for bettors — whether human or otherwise — won’t arrive immediately. His company issues annual reports and a prospectus, just like any other open-to-the-public hedge fund, and with every trade he makes, he leaves an electronic fingerprint with every bet he makes.

“Sports wagering is just a math problem,” said a high-level bettor, who is active in the global market and spoke with ESPN on the condition of anonymity. He struggles to envision a future with a successful legal sports betting market in the U.S.

In a 2004 blog post, Dallas Mavericks owner Mark Cuban proposed a “fund that only placed bets…[a] gambling hedge fund.”

These betting bots, used by elite betting groups, will be fast, powerful and have terabytes of data flowing through them. If you have a small edge, you need to put down a lot of money to make it worthwhile

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In online betting parlors, Clinton expands lead over Trump — bigly

Daisy Henry

Daisy Henry

This author is a HUGE fan of Sports Betting
Daisy Henry

The next most likely utterances were “Make America Great Again” from you-know-who and “Stronger together” from Clinton.

The overseas odds often mirror those of U.S. The markets also tend to closely follow polling averages including the one maintained by Nate Silver’s FiveThirtyEight website.

© 2016 CBS Interactive Inc.. voter, Travis noted. The market paid out on bets the phrases “open borders” and “rigged election” would make appearances, but “Crooked Hillary” did not get air time.

The final presidential debate was in Las Vegas, so it should come as no surprise the event had British betting powerhouse William Hill as a co-sponsor.

Another U.S. prediction market PredictIt, Clinton was trading at 81 cents before the debate, jumped as high as 87 cents during the sparring match, and settled at 83 cents after, said PredictIt spokeswoman Brandi Travis in an interview. Having paid out on a Clinton victory a late surge from The Donald will have us sweating like a bad hombre but we remain confident in our decision following the final debate.”

While there are plenty of reasons to be skeptical of political betting markets, they nonetheless have a “respectable track record” of predicting election outcomes — and generally are more accurate than opinion polls, according to a note this month from Capital Economics.

Based on odds offered by William Hill, pretty much the only sure thing about the debate was that Donald Trump would say “tremendous” — requiring a massive $1,000 bet to win a paltry $1. That suggests an 83 percent likelihood she’ll win on Election Day.

The markets enable participants to bet on a range of questions, and often they perform better than opinion polls at predicting political outcomes.

The most unlikely utterances? From Clinton, a reference to Trump’s “wig/hairline” — William Hill’s words, mind you — paying out $330 on a $10 bet. and abroad suggest Hillary Clinton fortified and expanded her lead over Donald Trump after the third and final presidential debate Wednesday night.

Added the spokesman, in an email: “This was Trump’s best performance but he failed to land the knockout blow that he needed to influence the odds. Rules on political wagering are more permissive overseas, with major players like Paddy Power and U.K.-based Betfair raking in big dollars from bettors.

The market — which traded 4.8 million shares Wednesday, its highest total this year — predicts Clinton will trounce Trump by 8 percentage points, which would be the largest presidential margin of victory since Ronald Reagan’s 1984 landslide.

On U.S. For Trump, the long shot was rally favorite “Get ‘em out” — with a payout of $200 on a $10 bet.

That’s despite the high-profile black mark known as Brexit: The betting markets predicted — up to the day Britain voted — an 80 percent likelihood U.K.

The odds on PredictIt suggested TV viewership would be down (yet to be seen) from the first two debates and Trump would talk more than Clinton (she wound up talking for 5 minutes more than him).

Irish bookmaker Paddy Power is so confident in a Hillary Clinton victory, its spokesman (official title: PR & Mischief Champion) noted a come-from-behind Trump victory would “trigger the biggest political payout in bookmaking history and leave Paddy Power with some very expensive pie on its face.”

In the U.S., non-profit outfits such as PredictIt and PredictWise offer small-dollar, limited betting markets for the purposes of m88 research and teaching. voters would opt to “remain” in the European Union. markets, sometimes with a lag of a few days since they don’t directly reflect the sentiment of the U.S. market, PredictWise, on Thursday morning put the odds of a Clinton victory at 91 percent.

Online betting and prediction markets in the U.S. They did not.. All Rights Reserved

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WEC 48 Betting Odds and Advice

Daisy Henry

Daisy Henry

This author is a HUGE fan of Sports Betting
Daisy Henry

But in this situation Jose Aldo is a solid bet because I don’t see what Urijah Faber brings different from Mike Brown who was beaten down by Jose Aldo. The first fight was a very good one to say the least and this one could possibly be an even better fight. .

If you haven’t had the pleasure of watching much mixed =”/Mar tial Arts”>martial arts outside of the UFC then I highly suggest checking out WEC 48 this weekend.

One final bit of advice concerning the WEC 48 betting odds is Shane Roller at -125. For that reason I think there is some good value here amongst the other gambling lines. I hardly ever believe that laying anything higher than -300 is good m88 advice. I doubt many people out there feel that Manny Gamburyan has much of a chance here against former champion Mike Brown.

In closing here are some final plays worth consideration at 5dimes. But there is so much more like minimum $1 plays and numerous prop bets. There is a link here at the end of the article where you can sign up if you’re interested in joining the best book in the business. I just fell that Ben Henderson has improved more over that time and will earn another hard win. If you like these WEC 48 betting odds and gambling lines then check out the link below to sign up. If you feel lucky maybe even parlay Jose Aldo up with Shane Roller and Ben Henderson. I believe that when the WEC 48 betting odds came out the line was around -250 and has since jumped considerably to the current number. I’m talking about Ben Henderson against Donald Cerrone. If you want my advice on the best WEC 48 betting odds then go with Ben Henderson at -105 which is good value considering that he has already beaten Donald Cerrone once here recently. A small minimum play on Shane Roller and Manny Gamburyan with confident gambling bets on Jose Aldo and Ben Henderson. Here today I want to hand out some WEC 48 betting odds and advice to both new and old gamblers reading at home.

The other big fight on the WEC 48 card is former UFC lightweights Mike Brown and Manny Gamburyan going against each other at 145 pounds. Well right off the bat let’s talk about the main event on this card. I feel that is probably the best site out there for mma gambling at the moment. For starters they offer parlays unlike some offer sites. The guy is 4-1 in the WEC at probably should be a bigger favorite in my opinion. It looks to be a very interesting card not just for the fans but for those looking to place money on the fights as well.

When the numbers came out for this card there was one that immediately caught my attention.

Mike BrownJose Aldo

The WEC 48 betting odds and advice that we are gonna talk about here in this article are from 5dimes. Just always keep in mind that you never need to gamble what you can’t afford to lose. However I feel that he is worth a minimum play at +500 betting odds because he does have the ability to win the fight. At nearly -700 there is hardly any reason to lay gambling money down on Mike Brown

http://www.hhht888.com

Gambling first in US, regulators approve skill-based slot machines

Daisy Henry

Daisy Henry

This author is a HUGE fan of Sports Betting
Daisy Henry

gaming jurisdiction regulator,” said Blaine Graboyes, the company’s CEO and co-founder.

The company has been in a race with rival firm Gamblit, which last month announced plans to put similar machines in California and Nevada in October, also at Caesars-owned casinos. It plans to expand them to additional states within the next six months.

Each game also includes a secondary random winning opportunity, with a possible instant cash win ranging from $1 to $5,000, Graboyes added, so that even poorly skilled players have a chance at winning, he said.

Gamblit plans to debut its machines at Harrah’s Rincon in southern California. The machines could start being installed as soon as Monday at Harrah’s, Caesars or Bally’s.

New Jersey gambling regulators have approved a New York firm to become the first in the United States to deploy skill-based slot machines on casino floors in which payout is determined by the player’s ability.

“With this approval from the DGE, the VGM is officially the first skill-based video game gambling product approved by any U.S. Other manufacturers working on similar products include IGT and NanoTech Gaming.

“We have been at the forefront of encouraging innovation, and are pleased that the efforts of GameCo and division staff have culminated in this skill-based video game becoming available in Atlantic City before any other jurisdiction in the United States,” said David Rebuck, director of the gaming enforcement division.

The machines are aimed squarely at millennials and those who like playing games on social media networks or on their phones, and who may be less inclined to play traditional push-button slot machines.

Titled “Danger Arena,” the games give the player a brief tutorial, make sure the customer knows how to use the controls and that they are working properly, and then presents the customer with a map, or game scenario. After field trials, Caesars Entertainment anticipates putting machines with 125 Gamblit gambling positions into multiple Nevada casinos, and intends to put 100 more positions into additional markets in early 2017.. It is then up to the player to maneuver through the playing field in 45-to-90-second increments.

The machines, called VGMs, are expected to undergo several weeks of testing, and are expected to usher in a new era of gambling aimed at attracting young people who grew up playing video games.

The company was licensed in Atlantic City through the Division of Gaming Enforcement’s New Jersey First program, which speeds approvals for new gambling products if they are introduced first in the resort town.

GameCo plans to deploy three triple-unit carousels at Caesars, two at Harrah’s and two at Bally’s, with a total of 21 playing stations.

The New Jersey Division of Gaming Enforcement gave approval late Wednesday night to GameCo, Inc. to deploy its machines at three Atlantic City casinos owned by Caesars Entertainment. This scenario will vary randomly, and constitutes the element of chance or randomness that is the hallmark of traditional slot machines

Online Gambling Is No Sure Bet For States Even With DOJ Ruling

Daisy Henry

Daisy Henry

This author is a HUGE fan of Sports Betting
Daisy Henry

9. Schrier said it’s possible that at least one state will implement online gaming this year — most likely Nevada as it already is entertaining bids from software makers and operators.

New Jersey could be next if an aggressive campaign by State Sen. “The tribes see [online gambling] as inevitable and something that must be shared,” he said.

Sparsely populated states may lack enough gamblers: Most states are too small to support an in-state online casino. Iowa began the riverboat casino trend in 1991. “Iowa likes being the first on these things,” Rose said.

Nuances could be a nuisance. But it might not be a gift that starts giving as fast as many might hope.

The Justice Department may have paved the way for Internet gambling, but that doesn’t mean everything will come up aces for online poker players. So the conundrum is: If the computer server is in Atlantic City but the online gambler is in Trenton, where is the betting taking place? Jersey’s most recent bill has decided it’s where the server is. 23. But he added that the lottery would likely be the loser in this scenario, with powerful Indian interests getting a hefty chunk of the action. Every state will have issues interpreting the legalities. . This opinion could even be challenged or jettisoned, as Howard Stutz of the Las Vegas Review-Journal observed. That’s no sure thing, according to attorney Stephen Schrier, head of the gaming practice at the law firm Blank Rome and a former regulator for the New Jersey Division of Gaming Enforcement.

While authorities agree that the Justice Department’s decision is significant, it is a mere first step on the road toward legalizing casino gambling in cyberspace. One state could team with another to form a larger casino entity, according to authorities. And if the host should misinterpret the law or be lax in applying it, a slew of other federal statutes, including the Travel Act, are still on the books, according to legal eagles.

Online gambling hasn’t been approved in most states. “Little states don’t have enough to make it work.” Cabot wondered whether his state, the nation’s casino capital, would have enough resident gamblers to support a virtual gaming site. The move could allow states to implement their own intrastate virtual casinos and card rooms, tapping yet another gambling revenue stream in a stale economy. Those envisioning a boom in virtual casinos and card rooms can expect several obstacles.

Another early adopter could be Iowa, a relatively prosperous state that has eyed online gambling for years. Games played against the house, such as blackjack and roulette, wouldn’t be a problem for smaller states, others said.

“No one can assume that it’s a free ride to Internet poker, said attorney Anthony Cabot, a gaming specialist at the Lewis and Roca firm in Las Vegas.

Other states might also wrestle with what constitutes an in-state gambler. With states desperate to close a combined $95 billion 2012 deficit, gambling has emerged as a possible quick fix.

Who gets the money? Lotteries, Native American-run casinos and brick-and-mortar card rooms will all be vying for a share of the profits. A smartphone application, for example, could cut off a gambler in New Jersey as soon as he or she steps into New York. Only Nevada and the District of Columbia already have legalized (but do not yet host) intra-regional casinos online, leaving 49 states to push through an online gambling law if they want it. The DOJ said it was reversing its stance that the Wire Act of 1961 prevents online lottery sales and, by implication, other Internet gambling except sports betting. The cost of software and monitoring is too great for less-populated states to justify Internet casino play, especially poker, which requires a certain amount of players at the “table.” “You have to have enough players to populate that ecosphere,” Cabot said. In California, all three are in the mix. Software can already let the host and law enforcement know whether a player is actually in the approved state at the time, Schrier said. I. Both the casino-affiliated computer servers and players presumably would have to be inside the state for any transactions to be legal, so states must be staked with a sufficient pool of gamblers, he said. In Jersey, for instance, an existing law permits casino gambling only within Atlantic City, Schrier pointed out. Raymond Lesniak (D) succeeds in pushing through a bill before the Jersey legislature adjourns Jan. The payoff from Internet casinos, however, won’t be automatic. Stay tuned.

That’s the word from legal experts following the department’s about-face announcement Dec. One study determined the state could net as much as $13 million in tax revenue annually as a result. Nelson Rose, a Whittier College law professor who specializes in gambling, predicted that California would issue as many as three licenses to keep all parties happy. Rose called the development a gift from the Obama administration to debt-ridden states

Cybergambling returns — and this time it’s legal

Daisy Henry

Daisy Henry

This author is a HUGE fan of Sports Betting
Daisy Henry

market research firm H2 Gambling Capital, which focuses on the gaming industry, predicted about $300 million for New Jersey’s online casinos — or about $45 million in tax revenue, according to the New York Times. will catch up to the rest of the world and allow it at some point.”

Prohibition failed – again

Last month, the president and CEO of the American Gaming Association testified before Congress and urged legislators to repeal their 7-year-old ban on Internet gambling.

“Slots and roulette are very visceral games, lots of bells and whistles. That doesn’t translate online,” DeGaris told FoxNews.com. If your phone is off, or if you’re too near state borders, you may not be allowed to play.

Mega-entrepreneur Richard Branson’s Virgin Group is the latest entry in online gambling, teaming with the Tropicana Resort in Atlantic City and online game maker Gamesys to bring online poker, blackjack and slots to New Jersey this week. Not just poker.”

“It’ll be interesting to see how this plays out,” said Laurence DeGaris, associate professor of marketing at the University of Indianapolis and an expert in Internet culture.

“Prohibition simply does not work,” Geoff Freeman told a House panel on Dec. — notably sports betting.

Globally, the business is even more lucrative. “Blackjack and poker have a very human element that’s lost online. U.K. “Blackjack, slots. Nevada and Delaware also began offering some online gambling last year, but New Jersey is the first state to “fully” legalize it, said Lee Fenton, the chief operating officer of Gamesys.

What happens online, stays online

Six other firms, including popular companies like WSOP.com and Ultimate Poker and other casinos like Caesars and the Golden Nugget, participated in the “soft play” launch of online gambling in New Jersey in November, the state’s Department of Gaming Enforcement Director Dave Rebuck said during a recent conference call.

Legalizing gambling across the U.S. To put that into further context, Americans accounted for nearly 10 percent of the entire $33 billion worldwide online gaming market,” Freeman said.

‘Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion.’

Players must be at least 21 years old, and either reside in New Jersey or be in the state when they place their bets. H2 said the industry was worth $33 billion in 2013, with $4.5 billion coming from mobile gambling on iPads, iPhones and smartphones.

Not everyone agrees with the odds. “The federal government has tried the prohibition approach – specifically the Unlawful Internet Gambling Enforcement Act of 2006 and the Wire Act – and through multiple Justice Department crackdowns on offshore operators as well.”

“Those from other states can play, but they cannot wager,” Fenton said. “If we are unable to determine that you are in New Jersey, you will be unable to play on Virgin Casino,” the site notes. market could be worth as much as $9 billion in the coming years as other states, including California, legalize online wagering.

. Others predict the overall U.S. In online casino gambling, it’s about the game more than the bet.”

But analysts are mostly rolling with Christie and the casinos.

Many Americans simply ignored the ban, he noted, as the country did during Prohibition in the ’20s.

“There will be many games to play online in New Jersey,” Fenton told FoxNews.com. will generate – in addition to tax revenue from the proceeds at casinos – approximately 22,000 new online gambling-related jobs, Freeman testified.

- Geoff Freeman, president and CEO of the American Gaming Association

Congress banned online gambling in 2006. They play against the house at Virgin Casino, and they can finance their wagers with debit cards, credit cards, or in person.

“In sports gambling, it’s about the bet,” DeGaris said. But new laws across the nation are rolling the rules back — and lawmakers think they’re holding a royal flush.

“Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion on illegal, unregulated offshore gaming sites. Gov. 10. “That’s where I see the huge potential in online gambling, and I reckon the U.S. Chris Christie validated the vice in the waning weeks of 2013, saying he hoped to rake in $1 billion in casino revenues this year, of which the state will collect a 17 percent tax.

Freeman said the Department of Justice has relaxed its views toward online gambling since 2011, and this could open up even more opportunities in the U.S. Virgin could be holding a full house, but it could also fail before the flop.

And New Jersey isn’t alone; eight other states have bills in the works that will allow Internet gambling as well. “The technology is rolling out this week.”

To prevent unauthorized access, Virgin Casino physically locates gamers’ cellphones periodically

CasinosOnline.com | Best Online Casinos 2016

Daisy Henry

Daisy Henry

This author is a HUGE fan of Sports Betting
Daisy Henry

We will also list online gambling sites according to the selected deposit or withdrawal method, which should save you a lot of time that you can use for a better purpose.

If you are new to the gambling world, the casino reviews could be just what you are looking for as they will get you acquainted with casinos’ game selection, software, banking methods, bonuses and promotions, customer service, and basically everything you need to know when deciding where to open a gambling account..

With the gambling market currently flooded by the appearance of new online casinos, it is becoming increasingly difficult for casino players to gauge which gambling venues can be trusted and which should enter the black list. When you get tired of playing against the machines and feel the need to test your skills against fellow gamblers, do check our online casino tournaments section, where you will find a full tournament schedule with all tourneys being played that day exclusively for your convenience.

All things considered, Casinos Online is likely to become a favorite meeting ground for online gamblers everywhere, with our all-round offer designed to satisfy even the most unconventional gamblers.

Our team will regularly choose the best casinos according to the very strict criteria, including the best US online casino and best UK online casino, while European and Canadian online casinos will also have a special place on our website. This is exactly why the group of gambling experts has decided to launch Casinos Online, the place where you’ll be able to find the most reputable online casinos on the web, extensive casino reviews, hot promotions and many more.

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What Are Your Chances of Winning the Powerball Lottery?

Daisy Henry

Daisy Henry

This author is a HUGE fan of Sports Betting
Daisy Henry

But you might say, “If the chances of winning are so small, how did Mark and Cindy Hill win?” Or said another way, “If they can do it, why can’t I?” I’ll explain that in a future post.

It is not my purpose or place to discourage people from buying lottery tickets. For simplicity, let’s be generous and round off to an even 175,000,000.

Now imagine that you walk, bike or drive for as long as you want around the double loop, and when you decide to stop, you stoop over and pick up one dollar bill. But one in 175 million cannot be readily visualized.. Then we’ll still have enough to go clear across the country to Disneyland! But, even then, we are not out of dollar bills, so we can go north and make it all the way to Portland, Oregon. In Powerball, a player first picks five different whole numbers between 1 and 59. That seems tiny, and it is. So, we will lay them out end to end. How long will that line of dollar bills go?

Do we have any dollars bills left? Yes! We would still have enough dollar bills to go all the way around the loop a second time!

For some reason, we tend to associate unlikely events with a specific physical phenomenon. Still, we have dollar bills, enough to make it all the way east to Portland, Maine. Your chance of selecting the lucky dollar bill is one in 175 million, the same as your chance of winning the Powerball jackpot!

If we start from my house, we’ll have enough dollar bills to go all the way south to Disney World in Orlando. One could make a list of all the possibilities, starting with (1, 2, 3, 4, 5), (1, 2, 3, 4, 6), and so on all the way through (55, 56, 57, 58, 59). We realize being struck by lightning is unlikely, but we have no sense of how unlikely, and of course the chance of being struck by lightning is much different for a farmer than a coal miner.

After choosing the five numbers between 1 and 59, the player then picks another number between 1 and 35 that is called the Powerball. But it would take a long time to make that list, because it has more than five million entries! Indeed, mathematics tells us the number of ways to choose five distinct numbers from 1 to 59 is 5,006,386.

In November 2012, a Missouri couple and an Arizona man shared the largest Powerball jackpot ever — $587 million. In fact, it is so small that it is difficult for us to grasp. “I have a better chance of being struck by lightning,” we often say. And, fortunately, we’ll have enough to make it back to my house near DC, completing the loop.

The problem with grasping the smallness of “1 in 175 million” is that we never see 175 million distinct objects. So, we multiply the 5,006,386 by 35 and see that there are 175,223,510 possible Powerball combinations. But that does not provide much of a basis for comparison. Such stories lead us to daydream about what we might do if we won all that money.

Your chance of winning the lottery on a single ticket is one in 175 million. An article about the Missouri couple — Mark and Cindy Hill — appeared in The Huffington Post on February 25 telling a wonderful story about how the couple is using their winnings to benefit their community. Once these arrive, they will have to be unloaded, of course, so you will have a fair chance to pick the lucky dollar bill. We can get our minds around 1 in 75,000 (roughly) by visualizing the crowd of people at the Super Bowl and imagining ourselves being the one person selected from that crowd to win a prize.

Here is an example I have used in classrooms all over the country, and it is way more fun than thinking about being struck by lightning! Imagine 175 million freshly minted one-dollar bills are being delivered to my house near Washington, D.C. It is easy to grasp 1 in 50, for example, because we can imagine ourselves with 49 other people in a room. One of those dollar bills is specially marked as the “lucky dollar bill.” You get to pick a dollar bill, and if you happen to pick the lucky dollar bill, you win all the dollar bills.

What are your chances of winning? A quick look at the Powerball website tells you the probability of winning the jackpot is 1 in 175,223,510. It isn’t going to happen. Understanding how small this number is provides the key to understanding how likely — or unlikely — it is you will become the next big winner of the Powerball jackpot.

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Your chance of ever winning this big jackpot is impossibly small. I just want everyone to understand their chances as fully and accurately as possible.

Wasserstein is executive director of the American Statistical Association, a former statistics professor at Washburn University and an expert on state lotteries.

A straightforward mathematical calculation using the dimensions of a dollar bill reveals it will take two semi-trailers to deliver the 175,000,000 dollar bills to my house. To see where that number comes from, imagine purchasing every number combination

The Tv Show Deal Or No Deal

Daisy Henry

Daisy Henry

This author is a HUGE fan of Sports Betting
Daisy Henry

The Australian production though was different from the Dutch show. You may well be very surprised to know that the odds of leaving the highest cash amount until last are a staggering one thousand to one. f they never receive an offer that high, they should continue to the end of the game and try their luck, the team from London’s City University concluded.

Other tips for playing online is to always take a sign up bonus when playing online as this in many cases doubles your starting bankroll before you even play. The quiz part of the show was dropped and they brought in models to represent the suitcases.

The show became very popular in Australia and was picked up by networks all around the world. Initially called Miljoenenjacht the show was devised by Dick de Rijk and hosted by Linda de Mol. Some continued to use models whilst others such in the UK version used boxes. Contestants removed boxes one by one trying to leave one of the biggest cash amounts for themselves whislt the mysterious banker would try to tempt then to deal for a lesser amount.

The game has also now established itself online and is available on many sites which you can play for fun or real money. The initial format was a studio audience of 500 with a knock out quiz with a play off to win a cash prize hidden in one of 26 suitcases. Again the odds for banking the top amount in the online version are one thousand to one and the best strategy is to accept an offer that is around the average of all boxes rather than risk a thousand to one shot gambling for the top prize.

Ben Sleuth writes about live and Online Bingo. The show was an instant success and was soon picked up by Australian TV. The average prize form all the UK shows has been £15,360, which is considerably less than the average sum of all the boxes, which is just over twenty five thousand pounds.

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Deal or no Deal is a TV that is gaining immense popularity all around the world. The show started way back in 2001 in Holland. If you watch the show it is very apparent that those who gamble and chase the big win most times fail.

By: Ben Sleuth

Statisticians who worked out the best strategy for maximising winnings on the Channel Four game show say those taking part should accept the first offer of more than £20,000 from the programme’s banker. The cash amounts in the boxes online vary depending on your stake.

On the UK show contestants have boxes that range from one pound to two hundred thousand pounds so lets look at the basic strategy and optimum game play. Remember many online bingo sites have the deal or no deal game and many offer you free cash when you sign up so you can play for real money 100% free!

Professor Linda Wolstenholme, of City University’s Cass Business School, said most contestants end up taking home less than the average because they are not professional gamblers.

Using the UK shows stats since the show’s launch two years ago, only one contestant – 24-year-old Laura Pearce – has been lucky enough to win the jackpot. So during the early days the show was a mix of general knowledge and chance. He also writes about playing for profit and Free Bingo

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

Daisy Henry

Daisy Henry

This author is a HUGE fan of Sports Betting
Daisy Henry

However, someone sinking $500 into Apple stock has little risk of losing that entire initial investment, especially in the short term. People often invest in funds that buy dozens or even hundreds of stocks, which helps reduce the risk.

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

“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. For example, a stop-loss order instructs a broker to dump a stock when it tumbles below a specific price. And of course, they both hate to lose.

Those are pretty good odds.

Related: How $2 billion Clippers bet could pay off

Gamblers and investors also have far different time horizons.

“You’re making a wager based on some facts and some intuitions. 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.

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. It’s easy to see why fans may be tempted to gamble on their favorite teams and athletes. Gambling on sports may be more fun, but it’s definitely a more risky use of money than putting it in the stock market.

“A lot of people regard investing as gambling, but I frequently say no.

And investors have greater access to tools that can minimize the risk of losing money. He asked for his identity to be withheld due to legal concerns.

In the long run, investors have the chance to make more money because there are fewer downside risks.

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

Related: Apple and 9 other stocks hit new records

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

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

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

Manning is really, really good at what he does for a living. 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. Gambling on football star Peyton Manning to win might seem like a safe bet, especially compared with picking winners in the stock market.

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. 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.

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. While many stocks offer steady returns, investors sometimes hit the jackpot (think: buying Apple back in early 2009 or Tesla in 2012).

The same can’t be said for those who bet big on the Denver Broncos last Super Bowl.

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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.

But take it from one person who has lots of experience in both worlds. The stock might go up and down some, but it typically doesn’t go to zero.

Related: 4 reasons September could be good for stocks

The betting appeal: Americans bet an estimated $380 billion each year on sports.

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

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

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NMLS #1136. Heck, even his commercials are funny.

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