Archive for July, 2010
July 25, 2010
My sports survey shows that betting on the outcome of local and national sporting contests is the number one illegal form of gambling in the United States-illegal off-track race betting is second. This great upsurge in sports betting is due primarily to extensive television sports coverage on all sorts of sporting events and the great team expansion of professional football, baseball, basketball and hockey. Today about 60 million Americans are wagering approximately $30 billion yearly on all sorts of amateur and professional sporting contests. My New York City sports survey agrees with the one conducted by the Oliver Quayle organization for the city of New York. Both estimates state that New York City”s sports fans bet over $1 billion yearly.
About half, or $15 billion, of the total national sports handle was wagered with friends and acquaintances in bets ranging from a dollar to several. thousand dollars. These private wagers on sports and other events rank in volume as follows: football, baseball, basketball, hockey, boxing, golf and political elections, and such skill contests as bowling, horseshoes, Checkers, Chess, billiards, pool and Teeko.
The remaining $15 billion is wagered each year by countless millions of Americans with thousands of sports bookmakers and hundreds and hundreds of horse bookies. The books retain about 4¢ of each dollar they handle, gross revenue on the $15 billion of $600 million. About 60% of this goes for operational expenses-salaries, gamblers” losses not collected, phone charges (one such bookie is known to spend $10,000 a month on phone calls in order to operate his trans-country sports business) and graft paid to corrupt police officers and politicians. This leaves a net profit of $240 million. One example of how important sports betting in this country has become is a Federal investigation and trial of the operators of a sports office in Terre Haute, Indiana. The government subpoenaed 175 of the country”s big time bettors-a list which included several multimillion¬aires, movie people, hotel owners and other business tycoons. The evidence indicated that some of these bettors wagered as much as $25,000 on a single football game.
SPORTS OFFICES AND BOOKMAKERS
There are now about 4,000 bookmakers in America who handle sports wagers exclusively, most of whom will not take horse-race bets. Two of these, both big ones, are women.
In addition, there are more than 300 sports offices. A sports office is a combine or syndicate of three or more of the top sports bookmakers who have joined together so as to be able to handle the sports betting of the nation”s biggest bettors. As a rule, the smallest bet these offices will accept is $100 on a single contest, the largest, $20,000. But this $20,000 maximum limit is sometimes upped for special customers; and for the Super Bowl and World Series play the sky is the limit.
The day”s handle for one of these offices may run from a low $50,000 to a high of $500,000 or more.
Baseball sports betting accounts for about 40%, or $6 billion of the bookies” yearly sports handle; football, about 45% or $6. 75 billion, and basketball, hockey, prizefights and state and national political elections, 15% or $2. 25 billion.
The bettors who patronize the big time bookies or sports offices are tens of thousands of people in all walks of life: industrialists, politicians, judges, lawyers, stock brokers and manipulators, oil and movie magnates, as well as Numbers operators, bookmakers, casino operators, racketeers and other easy-money boys.
Most of the betting online involving the big bettor and the bookie or sports office is conducted by phone and courier. The courier, or runner, merely collects from the losers and pays the winners. This is done strictly on a cash basis-”No maps (checks) accepted. ” If the sports office and the big time bettor are in different states the winner of a big wager (bookie or player) must travel to the loser to collect.
Betting conversations by phone are usually in code, and no names are ever mentioned. The necessary bookkeeping is also coded, numbers representing the names of superstars, teams, etc. These codes are used primarily to make it tough for Federal law-enforcement agencies to get evidence. Formerly, bookies operating within the borders of a single state had no fear of Federal prosecution, but the enactment of the 1951 Federal gambling law requiring a bookie to purchase a $50
license stamp annually and pay 10% of his gross handle as a Federal tax changed that.
The 10% tax is highly unrealistic. As one bookie told me disgusted, “I would go broke in one day if 1 paid the 10% Federal bookie tax. Look what would happen when a player bets me $1,050 to $1,000 on a Pick ”em ball game and he wins. 1 lose $1,000 and must still pay Uncle Sam $105 for accepting the bet. If 1 take a $1,050 baseball bet on each of two opposing teams, I”d earn only $50 on the $2,100 worth of action, and would have to pay Uncle Sam $210. That would put me out of business in short order-so 1 don’t buy the stamp. 1 just pay Uncle Sam what he rightfully has coming when 1 file my income tax. ”
The nation”s number one sports betting online contest is the annual Super Bowl. The runner-up is, of course, the World Series, with the Kentucky Derby running third. Approximately $600 million changes hands on the Super Bowl game and about $500 million is wagered on the outcome of the World Series plus the single games. The largest single bet to this author”s knowledge was made by a Midwestern betting combine with a number of western sports offices. They wagered $825,000 on the outcome of a World Series game. A $200,000 wager is the largest single wager known on a Super Bowl game.
MISCONCEPTIONS ABOUT BETTING SCALPERS
Many bookies who handle baseball action believe that scalpers (bettors who wager on two opposing teams in order to minimize their losses through some mysterious mathematical formula unknown to the bookies) have a sure-fire winning proposition when they scalp a World Series. As one New Jersey bookie told me, “Scarne, these baseball scalpers bet big on the Series favorite, then turn around and bet the underdog in each single game. They are sure to win money. How they do it 1 don”t know, but, believe me, they do it. ” This is like the old joke about the woman who thinks the department store loses money on every item it sells, but makes millions yearly because it sells so many thousands of each item.
This misconception about scalpers arose years ago when a sports office considered its price maker, or handicapper, not only a baseball whiz and a mathematical genius but a prophet to boot. They would quote a price and accept bets weeks before game time not only on the outcome of the Series, but also on each of the seven scheduled games. With this betting setup a sports scalper with a fair knowledge of simple arithmetic would seek a sports line on the World Series and the individual games from as many bookies and sports offices as possible.
He would then select the best price on the outcome of the Series and the best price on each of the individual games. This could involve selecting as many as eight prices each from a different bookie or sports office. By comparing the World Series price with the combined price line of the individual games, he could easily determine if the difference resulted in a minus or plus expectation. If it was minus he forgot the matter. If plus, he would bet his money with the different bookies, laying the shortest price on the Series favorite and taking the longest odds on the underdog in the individual games. This would guarantee him a profit, no matter what happened.
But the scalper can”t do this today because he can”t get a bet down on any single game until the day of that game; bookies only quote prices day by day on World Series games. The only sure thing about scalping the Series today is that the scalper is paying the bookie a greater profit because he is making a greater number of bets.
July 19, 2010
Special technical expertise is required for sports facilities construction and installation of equipment related to different sports. Different sports facilities require sports pitches to be prepared to different specifications depending upon their use no fax payday loans. For instance, sports facilities to be used as Multi-use Games Areas will have to take into consideration the requirements of all the sports to be played on the pitch as compared to single-purpose sports facilities or indoor sports halls payday loans .
In case of outdoor sports facilities, the process of construction begins with a site inspection followed by excavation of the ground. The base layers are installed in a way as to offer a stable foundation and to serve as an effective shock pad. Good drainage is one of the most important requirements of these sports pitches.
Synthetic sports surfaces can vary in their playing characteristics depending upon the requirements of the sports to be played on them. This is the reason why artificial turf is available in a range of pile lengths. While shorter pile is meant for sports played at the professional level, longer pile length may be preferred for recreational sports. An expert firm, based on your requirements, can install a 30mm pile or a 20mm pile. The most important thing in this regard is to conform to the I. A. A. F guidelines for installations.
A professional firm, specialised in manufacturing and installing artificial grass, also offers a choice of colours of artificial turf. For instance, you may go for one colour blade artificial pitch to the ones that feature two colour or multi-coloured tufted blade.
Outdoor athletics tracks with artificial surfaces also require the expertise of a professional firm for their construction. Athletic tracks should be slip resistant so as to minimise chances of falls to athletes. These surfaces, in most cases, are made from an impermeable double compound polyurethane system which allows for better drainage, whilst making the surface uniform and durable. Fibrous rubber granules are blended with polyurethane binders in a special machine. The mixture is then installed at full depth using special equipment.
The construction of indoor sports halls would benefit from a complete design and advisory service with budget proposals. Therefore, services of a professional firm may be sought. Multi-coloured markings on the sports surface are an integral part of a sports facility used as an indoor sports hall or a Multi-use Games Area, where a variety of sports are played.
Sports facilities construction not only includes the installation of sports surfaces, but also other important services such as installation of fences, fixed sports equipment, floodlighting, electronic scoreboards, air supported structures, and much more. Many leading companies in this field do not only offer the services of sports facilities construction, but also that of sports surface maintenance.
July 12, 2010
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July 11, 2010
India never had a rich sporting history in comparison to other countries. If we take Olympics as a benchmark, India has always struggled to find a place in the top of the medals tally. Besides a few selected sports such as hockey and cricket, India has not made a major mark on any other sporting event if we look back at the history of Indian sports. The problem always is related to the development of good sporting infrastructure in the country and the perceptions of the people towards sports as a career launcher.
However, things have started moving ahead for the good if we look back at the past few years of performances by Indian sports stars. Government of India Sports Ministry has started making huge investments into the development of other sports in India. Many sports bodies have been set up to look after different sports in India. These bodies function in coordination with the government in ensuring that best of the facilities are provided to Indian athletes and sports stars.
These recent developments have started producing excellent results for Indian sports. We have witnessed a flurry of individual accomplishments in other important Indian sports. Major international sporting events have witnessed emergence of Indian sporting icons. 2008 Summer Olympics at Beijing saw some amazing achievements from India. Abhinav Bindra, India’s ace shooter did India proud by winning the first individual gold medal. Boxer Vijendar Kumar did India proud by winning the Bronze in Men’s Middleweight category competition. In the same Olympics Sushil Kumar, the Indian wrestler earned a bronze in the Men’s Freestyle 66 kg wrestling contest. These are just few of the recent examples where Indian sports stars have excelled and made a mark for themselves and brought glory to India. Indian sports will always find a mention of the cricketing great Sachin Tendulkar who has made the country proud and is considered as the best cricketer in the world to have ever played the game of cricket. Sania Mirza, the golden girl from the game of tennis has also surprised many by being the only Indian to have defeated three top 10 ranked female tennis stars in her illustrious tennis career. Vishwanathan Anand the maestro of Chess, is another famous Indian sports icon who has been a world champion on more than one occasion. Pankaj Advani, the reigning world billiards champion is another name that comes to mind when we talk about the rapid transformation of Indian sports. These sporting icons of India have brought name and fame to India by their many achievements and have proved time and time again that they are nothing short of best when it comes to sports.
July 11, 2010
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July 7, 2010
Online sport betting is a game of skill. For that reason online sport betting is big business all over the world. Sport betting is a popular past-time all over the world; in fact it is deeply rooted in the culture of almost all societies. Sport betting is the art of predicting sports results by placing a wager or bet on the outcome of the particular sporting event. Sport betting is competitive not only for the bettors but also for the sports books, so look around for the one that offers the type of bets that you are interested in betting on.
Betting On Sports
Sport betting is the general activity of forcasting sports results by placing a bet on the outcome of a sporting event. Perhaps more so than other forms of gambling, the general acceptance and legality of sports betting differs from nation to nation. Proponents of legalized sports betting usually regard it as a hobby for sports fans that increases their interest in individual sporting events, thus benefiting the teams,leagues and players they place bets on through increased attendances and television audiences. There are professional sports bettors that make a good return on investment by betting on sports. Apart from simple wagers, betting a friend that one’s favourite sports team will win its division, for instance, or buying a football “square” for the Super Bowl, sports betting is usually done through a bookmaker. Bookmaker shops that cater towards professionals usually have higher (or no) upper betting limits and offer lower vigorish, while making some of the money back on fees for withdrawals or minimum bets.
The Sport Of Laundering
Sports are part of our lives just as betting is a part of sports. Sports betting can be lots fun. Sport betting online has become more and more popular through the years. Historically, sport betting has been connected with a number of unsavoury characters, which has a lot to do with its desultory legal treatment throughout the world. Organized crime notoriously has relied upon sports betting for money laundering or funding purposes. However the general perception of sports betting is now one of a common and tolerable pass time in most societies.
Online Sports Wagering
Online sport betting provides you with numerous different alternatives because online sports books are in competition with one another. Online sports books are very safe, very friendly, and very efficient. Online sport betting has made it possible for anyone to take advantage of the great incentives offered by a lot of the online sports book providers. The most important question, before you start with online sports betting is how to decide which online bookmaker to choose. Making the correct choice when you select a bookmaker to bet with is an essential step for successful online betting.
In summary sports betting is as old as the sports themselves. Online betting, particularly sport betting is very popular and continues to become more popular each year. Online sport betting is estimated to be 5 times bigger than Las Vegas sports betting. Sports Betting is pretty simple, all you have to do is learn the ropes. Sport betting is simple to do and if you like following sports anyway, it could add to the fun of supporting your preferred team.
July 3, 2010
Today with the growing internet technology, sports handicapping has turned out to be one of the services that is most sought after. There are a lot of services that provide you with these options and even give you access to free sports betting info and articles so you have a better idea if you are a newbie and improve your skills if you have already dabbled in sports betting.
There are quite a few sites online that even provide free sports betting picks. However, all the sports handicapping candidates do not have the required ability and proficiency to be in a position to give you a forecast with no flaws along with a detailed analysis. A good free sports betting info website will make known all possible details that you might need.
So how do you find the best of people who are experts in sports handicapping? You may begin by talking to friends and family and get some referrals from them. Publicity by word of mouth is indeed the best. People will recommend someone based on their own personal experiences. Then you can check to see of they have a good and proven track record. Even if he or she does not give you free sports betting info you can definitely scrutinize his or her track record and the rate of wins and losses.
Check out their expertise. From the time there is an increase in popularity of sports handicapping there has been a large increase in the amount of people providing you services in sports handicapping on the Net. Someone who has even five to ten years of know-how would be your best choice. And you can even find experts on the Net with as many as twenty years of experience. Most of them even provide you with some free sports betting info.
Take a look at the kinds of sports that they cover and the type of services they provide. A good professional in sports handicapping will provide services such as play after you win and will train and coach you on the different significant facets of sports handicapping. If they give you some free sports betting info then that would be an added bonus. Sports handicapping services on the Net are provided by many expert handicappers. Internet handicappers are people on the Net that make a living from selling picks to online sports bettors. Sports betting picks are actually forecasts of the future sports games like MLB baseball and NBA basketball.
One of the most fascinating sports in online betting is baseball. At the same time not everybody enjoys taking part in baseball betting as it is the easiest in sports handicapping as compared to other sports which means you have more chances of making money. Hard-core bettors would definitely be looking for something tougher. Since it is the easiest sport to control you can earn from it even as a first time bettor. And getting some free sports betting info couldn’t be better.