How to Calculate and Convert Odds

That being the case converting the fraction into a decimal is generally the easiest way of calculating it (see below).

Decimal odds are the easiest and simplest odds to calculate due to the fact that they are simply multiplied by the stake to give total returns. For example using -220 as an example:

For positive odds, ie those with a + sign next to them, we simply add 100 to the American odds figure and then divide by 100. This often means that working the odds can be tricky unless you understand what they are expressing.

Basic Factor

Perhaps the easiest way of calculating fractional odds if you aren’t used to them is to convert them into decimal odds instead.

+650 would return winnings of 650 with an initial stake of 100.

We are then left with a decimal figure which can be multiplied by a stake figure to calculate a return.

In order to do this simply add the two figures of the fraction together and divide by the right hand number. Fractional, Decimal and American odds

Depending on where you are geographically, odds can be expressed in any one of three ways, each very different from the others. For example decimal odds of 4.5 and a stake of 2 would be expressed as follows:

Converting American odds to decimals

Although a little more complicated, American odds can also be converted to decimal odds fairly easily, making them much easier to calculate.

American odds are perhaps the most complicated of the three systems to understand and are based on how much one would have to stake in order to achieve a return of 100. So for example odds of +550 would look like this:

For example 10/1 would mean that a stake of 1 would yield winnings of 10, for a total return of 11 including the original stake.

100 divided by 220 = 0.45 0.45 + 1 = 1.45

More complex examples however aren’t nearly so easy to calculate, particularly if the stake is different to the number expressed in the odds and won’t divide evenly

10/3 10+3=13 13 divided by 3 = 4.33

A minus sign represents how much would need to be staked in order return winnings of 100. The right hand figure in fractional odds represents the stake while the left hand figure represents the winnings.

2 (stake) x 4.5 (odds) = 9 (total return). For example:

For example 12/5 would mean that a stake of 5 would result in winnings of 12, however with a different stake this isn’t easy to work out. So for example -220 would mean that 220 would need to be staked in order to return winnings of 100.

+550 + 100 =650 650 divided by 100 = 6.5

Fractional odds, also known as English odds, are the oldest way of expressing odds and do so as a fraction. American odds are expressed with a + or – in front of them are are shown in units of ten.

A plus sign in front of an odd represents how much a stake of 100 would return, so for example:

For minus odds we divide 100 by the American odds and add one

PGA golf betting odds for players to win 2015 The Barclays

He certainly has the talent to win this week. Mahan has six wins on tour with The Barclays being his last win. I wonder how much winning his first major is going to take out of him emotionally? Probably too much to expect him to win this week.

Hunter Mahan is the defending champion in The Barclays having won the tournament last year in 2014 when it was played at the Ridgewood Country Club. Dustin Johnson – 12 to 1

Jason Day is the co-second choice to win The Barclays in 2015 at betting odds of 10 to 1. Furyk won the FedEx Cup in 2010 when he also claimed the rich $10 million bonus. Bubba Watson won The Travelers in 2015 and he’s been playing decently lately. Rickie Fowler, Henrik Stenson, Bubba Watson, Brooks Koepka – 25 to 1 odds each

12. If I’m going to do that I usually want higher odds than 60 to 1.

T-2. He could win this week but it’s tough to bet a guy who hasn’t won in ages on tour. Here is a list of the betting odds for the PGA golfers to win the 2015 The Barclays at the Plainfield Country Club.

Padraig Harrington – 200 to 1 odds

Hunter Mahan – 125 to 1 odds

Phil Mickelson played decently at the 2015 PGA Championship and he has a history of playing well at golf tournaments in the New York City area but can he win this week? Zach Johnson won the 2015 British Open and you wonder how well he will play the rest of the year after that major win. Casey has just one win on tour which came in 2009 but he did lose twice in playoffs on the PGA Tour in 2015.

The 2015 The Barclays golf tournament on the PGA Tour, which is the first playoff tournament in the FedEx Cup playoffs, is being played this week from August 27-30, 2015, at the Plainfield Country Club in Plainfield, New Jersey. Justin finished in fourth place at the PGA Championship in his last start. Webb Simpson has not won on tour since 2013. Justin Rose – 10 to 1

Dustin Johnson won The Barclays back in 2011, the only other time that this tournament was played at the Plainfield Country Club. Paul Casey tied for third last week in the Wyndham Championship. That is a big positive for him this year as he tries to atone for the meltdowns he has had at some of the majors this season. Brandt Snedeker – 40 to 1

T-16. It’s very hard to make a bet on a golfer who has not won a tournament in a few years. He won his first tournament at Phoenix this year and he could win this.

Matt Kuchar won The Barclays in 2010 when it was played at the Ridgewood Country Club. Bill Haas won the Fed Ex Cup in 2011 but he has not won The Barclays. I’ve also then listed some notable players who have won this tournament in the past but are at odds of higher than 100 to 1 this week. Robert Streb’s lone win on tour was at the 2014 McGladrey Classic which technically counts as a win for this season.

David Lingmerth played pretty well at the 2015 PGA Championship. He could win this week.

T-2. Robert Streb, Zach Johnson, Bill Haas, Phil Mickelson – 50 to 1

Patrick Reed won on tour in January but he has not been playing great lately. Jason Day – 10 to 1

4. Hunter Mahan has earned $29.1 million so far in his PGA career.

Nick Watney – 100 to 1 odds

Out of these four players at 25 to 1 odds each, Henrik Stenson is the only one to have won the FedEx Cup playoffs which he did in 2013. Good luck to all the PGA players and bettors this week at The Barclays!

Notables

Padraig Harrington won The Barclays in 2005 when it was still played at the Westchester Country Club. Jordan Spieth has four wins in 2015 including The Masters and the U.S. Kuchar has seven wins on the PGA Tour but his last win was over 18 months ago. In 2010, Matt Kuchar finished second to Jim Furyk in the FedEx Cup and earned a $3 million bonus.

Justin Rose is also 10 to 1 odds to win this week in New Jersey. The Barclays used to be played exclusively at the Westchester Country Club but since 2008 the tournament has been in a rotation of golf courses located in the New York City area. Four players are tied for second with two wins each and all are greats – Jack Nicklaus (1967, 1972), Seve Ballesteros (1983, 1988), Ernie Els (1996, 1997), and Sergio Garcia (2001, 2004). Vijay has not won a tournament on the PGA Tour since 2008 but he did just barely qualify for the FedEx Cup playoffs this season. Danny Lee also won this year for the first time on tour at the Greenbrier Classic in early July. Lingmerth won the Memorial in a playoff over Justin Rose this year for his first PGA Tour win. Hideki Matsuyama, Charl Schwartzel, Adam Scott – 45 to 1

T-10. Watney has five wins on the PGA Tour but his last win was at The Barclays in 2012. He finished second at the PGA Championship in his last start and he missed the playoff at the British Open this year by one stroke. Jim Furyk, Paul Casey – 35 to 1

T-5. He’s played well on the big stage this year too, as he was also second at The Masters and he tied for 6th at the British Open. Only the top 125 players in the FedEx Cup standings are eligible to play this week.

T-13. Stenson has not won The Barclays yet nor have any of these other players. Adam Scott won The Barclays in 2013 but he has not won on tour in 15 months.

At odds of 6 to 1, Jordan Spieth is the betting favorite to win The Barclays in 2015. Jordan Spieth – 6 to 1 odds

Vijay Singh holds the record for most wins in The Barclays with four (1993, 1995, 2006, 2008). Jason Day just won the PGA Championship in his last start. Matt Kuchar – 30 to 1

As mentioned above, The Barclays is the first of the four tournaments that make up the FedEx Cup playoffs in 2015. Patrick Reed, Webb Simpson – 60 to 1

Jim Furyk has never won The Barclays but he does have 17 wins on tour including the RBC Heritage in 2015. Open. Vijay Singh won the FedEx Cup in 2008 to claim the $10 million bonus.

T-20. So far in his PGA Tour career, Nick Watney has earned $23.7 million in prize money.

Brandt Snedeker is another player who has never won The Barclays but he did win the FedEx Cup and the $10 million bonus in 2012. Of note this year, Sergio Garcia and Rory McIlroy are both not playing The Barclays this week even though both are qualified to play.

I’ve listed all the golfers who have odds of less than 80 to 1 each this week with comments. David Lingmerth, Danny Lee, Justin Thomas – 66 to 1

Hideki Matsuyama from Japan has just win on the PGA Tour in 56 career starts. Snedeker has seven wins on tour including his win at Pebble Beach in 2015. Padraig Harrington won the Honda Classic in 2015 which was his first win on tour since 2008. He finished in 56th place last week.

1.

As mentioned above, Vijay Singh holds the record for the most wins in The Barclays. He could certainly win this.

Nick Watney won The Barclays in 2012 when it was played at Bethpage Black. If he can control his nerves, Dustin Johnson can win any tournament including this one this week.

T-22. The big stage does not scare him one bit.. Jordan Spieth is also the betting favorite to win the 2015 FedEx Cup playoffs and his odds are much lower for the overall playoffs than they are for him to win The Barclays. Rickie Fowler won The Players Championship and the Scottish Open in 2015 but he has just two wins on the PGA Tour. As of today, 119 players are playing in The Barclays in 2015. Justin Thomas is a 22 year old rookie looking for his first win on tour. He missed the cut at the 2015 PGA Championship in his last start and it would be a shocker if he won this week.

9. Charl Schwartzel finished tied for third last week but his lone win on the PGA Tour remains his 2011 Masters win. Brooks Koepka can hit the ball a mile

A Recent Survey Reveals Patients’ Main Reasons For Starting An Addiction Treatment

Usually, this happens only after a long period (often years) of suffering and after many futile efforts to help the partner overcome the addiction.

Other frequently mentioned themes were the fear of losing employment and the fear that the addiction will get stronger unless something is done against it. Secondly, they appreciate that they can start breaking the addiction immediately and dont have waiting time. A self help program is chosen as a treatment option for various reasons. Numerous explanations and reasons were given.

Lavario, one of the worlds leading suppliers of self-help programs against gambling addictions has surveyed its customers. Somewhat surprising is perhaps the fact that ahead of money problems, fears of ruining and losing their relationships were the no. Most gamblers accumulate debt not just with credit cards and on their bank accounts, but also with family and friends where they borrowed money and obviously never pay it back. For many people with addiction problems it is scary to tell strangers about their problems and darkest secrets. They might also be aggressive and might even start gambling on the internet while being at work, e.g. The fear of the addiction getting worse is realistic. patients dont need to open up to psychotherapists or counselors who they never met before. At a certain point, the partner wont accept the addiction anymore and will leave the relationship or marriage. The objective was to find out why they started the treatment against the addiction. All documents can be downloaded from the internet within a few minutes.

. sports betting, online poker, stock market. Normally, problems get bigger over time and debts increase.

The survey also assessed why patients chose a self-help program instead of seeing a counselor or getting treatment in an addiction clinic. However, there are several factors that put the relationship more and more at risk: lying to the partner, trying to hide the gambling activities and the dimension of the debt problem, changes in character, tiredness, stress, anxiety, impatience etc. With regards to the fear of losing the job, its important to understand that gamblers often neglect their jobs, feel tired, use lunch breaks to gamble or borrow money from colleagues. 1 reason for starting the treatment against gambling addiction. Firstly, it guarantees anonymity, i.e. It needs to be considered that gamblers who start a therapy usually are not completely hopeless, yet, and often still live in a relationship or marriage. As you would expect, financial problems and debt were among the main reasons to motivate gamblers to seek help

Baccarat Betting Strategy – InfoBarrel

To make the most of your cashroll when playing baccarat, do not make the game into one of thinking. Good luck!

. Many betting systems rely upon the assumption that events can be due and streaks are more likely to be broken the longer they go on. As with any casino game, you probably won’t get rich, but this is, in all likelihood, the best way to keep your gaming dollar going and have a good time doing it.

The game is simple to learn and quite fast-paced. Sadly, many con men make thousands selling books proclaiming to beat the casinos once and for all. Players make wagers on whether the Player or the Banker hand will be higher. The game is typically associate with high rollers, but online gambling makes winning baccarat something anyone can do if they would like.

Nonetheless, gamblers can make a form of a baccarat betting strategy by extending the time of gameplay in brick-and-mortar casinos. The tie bet has a 14% house advantage, as opposed to the near 1% house advantage of the best bet at the table, Banker. Rather, simply spend as much time at the table as possible, and place bets (always on Banker) with plenty of spacing in between. Slap your chips down on Banker every time, hope for the best, but expect to lose.

If you are not familiar with Punto Banco, it’s easy to understand. In standard Punto Banco played at ritzy casinos, the shoe of cards is dealt around the table, with each player taking turns functioning as the banker. Casinos comp players with cold, hard cash, buffet tickets, and free drinks. In an online casino, as well as in many brick-and-mortar casinos, a variation known as mini-baccarat exists, where the dealer always acts as the card-dealing banker.

Will a baccarat betting system work?

People looking for a baccarat betting strategy ought to learn that betting systems do not work, and this rule is the same for a baccarat betting system. Around the globe, the game has different meanings, but for the purposes of this article, the meaning addressed shall be that of Punto Banco baccarat. Quite frankly, there is no thought involved in playing baccarat. Spend time conversing with other players and reap in free money from the courteous casino.

Make the right bets.

Another baccarat betting strategy is avoiding the tie bet. This ignorant belief is known as gambler’s fallacy, and is often the source of gambling addiction.


As I hope you can see, winning baccarat is not a matter of employing a baccarat betting system. The best of all baccarat systems is nothing more than enlongating the time spent at the table while minimizing the number of bets made.

Introduction to a baccarat betting strategy

Gamblers from all over the world have likely heard of the game baccarat, and may wish to learn of a baccarat betting strategy

Ayr Utd tycoon in pounds 63m betting probe.

It is alleged gamblers in Maryland and elsewhere were sent pounds 63million from 2005, with winnings paid from Bodog accounts.

The 50-year-old founded online betting firm Bodog, who sponsor the First Division club, known as the Honest Men.

Bodog became the official sponsor of Ayr United in May last year, with Ayre saying he was attracted to the deal because he shared his name with the town.

The website’s domain name was seized and the site shut on Tuesday after US prosecutors in Baltimore filed charges against Ayre and three other Canadians – James Philip, David Ferguson and Derrick Maloney.

Canadian billionaire Calvin Ayre, whose motto is ”Gamblin’, drinkin’ and carryin’ on”, has been accused of operating an illegal gambling business involving sports betting and conspiring to launder cash.

CAPTION(S):

Ayre denied his firm had taken any bets in the US and said the charges wouldn’t affect his other businesses.

GAMBLING FIRM Calvin Ayre

COPYRIGHT 2012 Scottish Daily Record & Sunday

No portion of this article can be reproduced without the express written permission from the copyright holder.

Copyright 2012 Gale, Cengage Learning. All rights reserved.

Byline: Stuart MacDonald

A TYCOON bankrolling Ayr United is facing charges over an alleged pounds 63million betting scam.

He added: “The Bodog brand is consulting its legal advisers with a view to having the domain returned. Last month, he promised striker Michael Moffat a racehorse if he netted the winner in the club’s League Cup semi-final tie against Kilmarnock. I see this as abuse of the US criminal justice system for the commercial gain of large US corporations.” . But Ayr lost 1-0.

They face up to five years in jail if convicted of running an illegal gambling business and 20 years if done for money laundering.

Online gambling transactions are illegal in the US

‘Pioneer’ in online sports betting pleads guilty

By Terry Frieden

CNN Justice Producer

WASHINGTON (CNN) — The man who founded and ran the online sports gambling operation BetOnSports pleaded guilty and agreed to forfeit more than $43 million in proceeds, prosecutors announced Friday.

Gary Kaplan, 50, entered a guilty plea to conspiracy and violating wagering laws in federal court in St. Louis.. He has been held without bond since he was arrested in March 2007.

All About Online Gambling

“Today’s guilty plea should have a lasting effect because Kaplan was not only the founder of BetOnSports, he was also one of the pioneers of illegal online gambling,” said John V. Justice Department officials said Kaplan last week had wired the entire forfeited amount from his Swiss bank account to the court.

Kaplan’s Costa Rica-based BetOnSports operation had nearly a million customers from the United States and other countries who bet more than a billion dollars, law enforcement officials said.

Under the plea agreement, Kaplan will be sentenced to between 41 and 51 months in prison when he goes before a judge on October 27. Gillies, special agent in charge of the FBI office in St. Louis, Missouri, authorities said

Online gambling and poker toe a confusing legal line

Poker is generally considered a game of chance under the law, but that determination is hotly debated. betting platform for skill-based mobile games in April and partnered with Glu Mobile (GLUU) in May. In a case last year, a federal judge in New York ruled that poker is skill-based, adding another wrinkle to the state-by-state differences. A “material element” test discovers whether chance is an important component in determining the outcome of a game.

“We’re focusing on poker right now, but online gambling is a lot bigger than just that,” Breitling said.

“The game-of-skill space has not been very well understood,” said Andrew Paradise, the CEO and founder of Skillz, which launched a U.S. gambling industry wants to legalize online chance games across the country, and its lobbying efforts are gaining some momentum. “The determination can be confusing between games and between states, both for players and companies.

Today, the only legal online poker service is the Las Vegas-based Ultimate Gaming, which launched UltimatePoker.com exclusively for Nevada residents in April. The third test figures out whether a game requires a player to bet on his or her own ability to win a game (games of skill do, but games of chance don’t). Meanwhile, smaller upstarts like Skillz are taking advantage of the larger skill-based gaming field.

As of now, both gambling and betting apps have to tiptoe the divergent laws currently on the books. states allow online betting on games that require at least a moderate degree of “skill.” Only three states — Nevada, Delaware and New Jersey — have legalized gambling on games of “chance,” which, under the law, includes poker. New Jersey officials didn’t reply to a request for comment on where its online poker plans stand, and Delaware Lottery director Vernon Kirk said his state hopes eventually to cut deals for its residents to play against people in other states. It’s one of the biggest discussions in the industry.”

Related story: The hottest trend in games? Free

The poker problem: The No.

But some are less clear cut: Despite rewarding skill, both poker and blackjack are considered games of chance. That means residents of 47 states can’t play them online for money. “And it could be so much bigger.

Skillz hopes that widespread pickup of skill-based betting “may be a precursor to [gambling on] games of chance,” Paradise said.

The delineation can get squishy, and states use a handful of tests to help them classify, according to Paradise, the Skillz CEO. “But I think it will take five or more years before we see that really happen. 1 most-debated issue in the field, however, is the Big Kahuna of online gambling — poker.

The U.S. But the business opportunity is big.”

Globally, it’s huge: Analysis firm Juniper Research estimates that gambling on mobile devices will hit $100 billion worldwide by 2017.

Some use the “predominance test,” which says that if a skilled player beats an unskilled competitor at least 75% of the time, that’s a game of skill. But the states still vary on which tests they use, and how they interpret the results — for example, some states say any degree of luck makes a game “chance-based,” while others allow some bit of chance in what they deem skill-based games.

Ultimate Gaming’s co-founder Tom Breitling said he thinks online poker will spread through the United States in one of two ways: Either federal legislation will legalize poker specifically and give states the right to opt out, or games-of-chance legislation will slowly be passed in the majority of states. It took a lot of work to get to this point, but now that it’s here I just don’t see it stopping.”

CNNMoney (New York) First published June 10, 2013: 5:57 AM ET

.

But the road to change is murky: The rules vary by state, and they’re dependent on the very specific legal definitions of “gambling” versus “betting.”

Currently, 37 U.S. Chess is considered a game of skill, for example, while a slot machine is a game of chance. skill: Some games are easy to classify.

Games of chance vs

Horse Racing Betting Strategies and Tips

To keep things fun and not risk too much money, most beginners make $2 bets. For example, instead of paying $2 for an Exacta bet that requires the horses to finish in an exact first and second place order, you can pay $4 for an Exacta Box bet, and you will win the Exacta bet regardless of which of the two horses comes in first.

Win Bet A bet that the horse you chose will win the race.

To place a $2 Exacta Box bet on horse 2 and 5, you would say, <Track Name>, $2 Exacta Box on Numbers 2 and 5 (keep in mind that this is actually a $4 bet since you are boxing the bet).

Trifecta Bet A bet on the exact first, second, and third place finishers in exact order.

While there are a variety of bets, the following are the most common bets, and are more than enough for beginners.

Daily Double Bet A bet on the first place finishers in two consecutive races.

Once you have taken the time to look over the racing program and the professionals advice, it is time to start figuring out which bets you would like to place for the upcoming race. Never bet more than you can afford to lose. At this point, some people like to spend some time on the paddock to see the horses being walked from the stable to the track, as it adds to the horse racing experience and occasionally one might notice something about a horse that influences the way they bet, such as a horse that appears sluggish or one that seems like it is in exceptional shape.

The following is the correct way to place a bet with a betting clerk:

Place Bet A bet that the horse you chose will come in second (a place bet is also a winning bet if the horse you chose comes in first).

Exacta Bet A bet on the exact first and second place finishers in exact order.

To place a $2 Win bet on horse number 7, you would say, <Track Name>, $2 to Win on Number 7.

The reason why you need to start out with the <Track Name> is because you can bet on horse races at many tracks from the horse track you are currently at, so you need to specify the track to the betting clerk.

Show Bet A bet that the horse you chose will come in third (a show bet is also a winning bet if the horse you chose comes in first or second).

Win, Place, and Show Bet (a.k.a. Across The Board Bet) Bets on the first, second, and third place finishers; each act as a separate bet.. The point is to have fun, not to go home without money you need to pay your bills. Box Bet Any of the above bets can be boxed for an additional wager

“I’m not pro sports gambling. I’m just a realist.”

“We did everything possible to encourage it while publicly condemning gambling. 16 Gambling Issue. “Even if they’re not betting, they’re highly aware of the betting line and over/unders.”

Fans weren’t the only ones talking about it. Regardless of public positioning, all the leagues are actively planning for a new gambling reality. (One study by Nevada gaming company Club Cal Neva projected a possible windfall of $50 million for Atlantic City casinos if betting was legalized.) But the leagues — the NBA, NFL, NHL and MLB — and the NCAA sued, claiming that the state was in violation of PASPA and that the perception of the integrity of the games would be damaged if New Jersey began taking legal bets.

U.S. But Adam Silver has proved otherwise. A 2007 letter signed by all general counsels of the major sports leagues and the NCAA, including NBA vice president Rick Buchanan, stated, “The harms caused by government endorsement of sports betting far exceed the alleged benefits.”

Privately, though, the league was watching — closely — as the Vegas market and legal daily fantasy sites were growing exponentially. Billions of dollars are being illegally wagered on sports, almost all online. As we became more of a global company, I began to think about what our policy should be here.”

His time overseas coincided with the Donaghy scandal and the revelation, as Silver puts it, “of how important it is to have a way of monitoring irregular activity in our games.” He adds, “None of the systems we had in place had captured any betting by Donaghy.”

Stern began thinking along the same lines. But the timing of the op-ed allowed him to address another seeming hypocrisy: Just one day prior to its publication, the league announced a deal with a successful daily fantasy operator called FanDuel, which boasted some $621 million in entry fees last year alone. “My greatest concern,” he says, “is that there will be, in essence, a hodgepodge of regulations controlling sports betting that will vary from state to state, jurisdiction to jurisdiction, and will make it increasingly difficult to monitor betting on our very own sport.”

And so after taking over for Stern last February, Silver wasted little time implementing his approach. Chris Christie, who in 2012 began pushing to legalize sports betting in his state by challenging the Professional and Amateur Sports Protection Act (PASPA) of 1992, the federal ban on state-sponsored sports betting.

The Donaghy revelation became the ugliest gambling scandal to hit an American professional sport since at least Pete Rose’s banishment from baseball in 1989 and perhaps since the Black Sox threw the 1919 World Series. That’s the pragmatic approach.”

The evolution of Silver as gambling realist in many ways began in 2006, after he took over the league’s international operations as deputy commissioner. Just 88 days into his tenure as NBA commissioner, on April 29, 2014, Silver banned Clippers owner Donald Sterling in a four-minute proclamation on national TV, his willingness to stand alone in full view.

“I have talked to the other commissioners about it. And the NHL and MLB are both currently partnered with daily fantasy sports operator DraftKings.

In the meantime, Silver is willing to take the lead on an issue that some liken to the legalization of marijuana — socially acceptable but mostly illegal. “I felt the need to explain why I had made other statements acknowledging that I thought sports betting should be legalized,” Silver says. In 2013, $1.05 billion was wagered legally on basketball, combining the professional and college levels. On the one side are those who tell you that’s the way it’s always been done, and on the other are those who urge you to change and adapt.

The bald 52-year-old man in glasses and a conservative dark suit doesn’t look like an agent of change — especially with the 1970s soul music playing in the background on the set at a recent photo shoot for The Mag. And someone who’s a realist in the business.

The opportunity for additional streams of capital from sports betting can’t be lost on U.S. The title of the exercise? “As Close as You Ever Want to Get to a Federally Prosecuted Sports Betting Trial.” In it, Assistant U.S. … In March, two NBA attorneys attended a mock sports-betting trial put on by gaming attorney Jeff Ifrah at iGaming North America at Planet Hollywood in Las Vegas. Does it become a vehicle for betting, which may in effect change the atmosphere in the arenas?”

But multiple sources with direct knowledge of meetings between the leagues believe the NHL is much more open to legalization than Bettman’s comments indicate. In that dark moment, the NBA could very well have hunkered down and waited for the dawn. gaming laws, including PASPA and the Wire Act, which prohibits any betting activity that includes wire transmissions. While the NBA is still fighting in the courts to keep New Jersey from setting up its own sports-betting operation, three other states (New York, Indiana and South Carolina) have introduced similar bills this year, and a Minnesota state representative, Phyllis Kahn, has told ESPN that she’ll be introducing a sports-betting proposal early in this legislative session.

A united front among all the leagues would certainly help Silver’s cause for a federal solution. Actually establishing a legal framework is another. “We have studied the New Zealand model and other models in other jurisdictions,” he says.

Studying models is one thing. But you can bet all interested parties — the other leagues, the states, the bookmakers, the bettors — are following the developments as closely as they would a point spread.

. Attorney Harris Fischman examined major U.S. And publicly, it did. In 516 words, he diagnosed the reality of sports betting in the U.S.: Federal and state laws are not stopping anyone from betting. team owners. “The league and many of our teams are actively engaged in the so-called daily fantasy business,” Silver says. In those meetings, sources with direct knowledge say, contingency plans were formed in preparation for the day sports betting is legal outside of Nevada.

When asked about the support he’s getting from other leagues, Silver says, “I have talked to the commissioners in the other leagues about it, and I leave it to them to make any public statements they want to make on it. Gary Bettman, the longtime commissioner of the NHL, told CNN in November after Silver’s op-ed was published: “I think there needs to be some attention paid to what sports is going to represent to young people. The other leagues have — at least publicly — not wavered from their anti-legalization stance after the op-ed. The move made sense to many in New Jersey, where ailing gaming and racing industries were causing financial strain. But the state didn’t give up. Once again, the leagues sued and won.

This story appears in ESPN The Magazine’s Feb. MLB declined to comment for this story, and the NFL refused to even reiterate its anti-legalization stance. “We’re still in the monitoring stage,” he says. “As someone who attends an enormous number of games, I’m often hearing fans talking about it,” Silver says. But I think that league policy was formulated at a time when gambling was far less widespread — even legally.”

With the proliferation of casinos and state lotteries, the instant gratification of the Internet and the boom in daily fantasy sports, betting was becoming part of mainstream America. Congress should adopt a federal framework that allows states to authorize betting on professional sports, subject to strict regulatory requirements and technological safeguards.”

The timing of the column, of course, was calculated. “I am very sensitive to people thinking that I’m not understanding of the downsides,” he says. In September 2014, citing a loophole in the Department of Justice’s language about violations to PASPA, Christie issued a directive to legalize. It studied and researched and planned behind closed doors before it made its move. That’s yet another reason I think it needs to be closely monitored.”

Silver says he hasn’t set a timetable for the day when we can legally bet on a Cavaliers-Heat game. So were politicians. The NBA deal also included an equity stake in the company. have assigned people in their organizations to study the issue intensively.”

PERHAPS THE BEST Silver can hope for from other commissioners is a new view of sports betting as a possible “frenemy.” It is tricky, after all, for the leagues to embrace something they’ve long denounced for its impact on the “integrity of the game.” It would also be naive to think that this is all about the sanctity of the results. “Then we began getting approached by sports-betting companies outside of the United States, where it’s legal, to do business with them. Included in the forum, which wasn’t open to the public, were talks with law enforcement officials, gaming regulators, addiction specialists and even a former student-athlete caught up in sports gambling. “I can tell you that this is the most serious situation and worst situation that I have ever experienced either as a fan of the NBA, a lawyer for the NBA or a commissioner of the NBA.” That was the lament of then-commissioner David Stern during a July 24, 2007, news conference announcing that referee Tim Donaghy was under federal investigation for betting on games. She was represented by Ifrah, while David Deitch, a former Justice Department attorney, represented the government. That’s when Silver says he began to realize the need for a response. But that’s not to say he and the NBA are the only ones re-examining their approach. 13, 2014, editorial in The New York Times, penned by new commissioner Adam Silver: I believe that sports betting should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated. In 2009, the then-commissioner told Sports Illustrated, when asked if legal sports betting would be in the NBA’s best interest, “It has been a matter of league policy to answer that question no. “We have always known betting, fantasy leagues and daily [fantasy] sports have driven interest and viewership,” wrote the Mavericks’ owner in a recent email exchange with The Magazine. The “defendant,” “Ginger McKenna,” was accused of facilitating illegal sports bets. “And while I wouldn’t categorize that as sports betting, on the continuum of no betting at all and legalized betting, it’s certainly on the spectrum.”

So it is, then, that for now, at least, Silver seems comfortable standing alone as the only acting U.S. I will say that certainly all of them … There also have been other, more private confabs involving high-ranking advisers to the leagues. In some areas of Australia, for example, sportsbooks pay fees to leagues based on the gross revenue made off the wagering of the games. “In light of these domestic and global trends,” he wrote, “the laws on sports betting should be changed. Deitch prevailed.

In September, Silver told an audience at a Bloomberg sports business conference that expanded legalized sports betting in the U.S. It saw how all that interest, as well as action from illegal offshore betting sites, fueled NBA fandom, and it realized it needed to have a seat at the table — the better to monitor and monetize those burgeoning passions. One week later, the NBA was due back in court as part of its ongoing fight to prevent New Jersey from making sports betting legal. You don’t have to be a cynic to think that the leagues and their owners want a piece of that very big betting pie.

Leave it to Mark Cuban to be frank about that aspect of the NBA’s support for legalization. “As we began to stage exhibition games in Europe and China and jurisdictions where sports betting was legal, it caused me to focus more on this than I had historically,” Silver says. “One of my concerns is that I will be portrayed as pro sports betting,” he says. He spent time overseas growing the NBA’s brand, giving him a vantage point to see how legalized gambling worked in other countries. The case is headed to the Third Circuit Court of Appeals this spring.

Through it all, Silver has remained steadfast that legal sports gambling should be addressed first on the federal, not state, level. I needed a forum to make it clear.”

In November 2011, New Jersey voters had overwhelmingly approved a referendum to legalize Las Vegas-style sports betting at racetracks and casinos across the state. I’m glad Adam is putting the hypocrisy behind us and putting it all up front.”

Cuban has suggested that one way of monetizing that interest is to charge sportsbooks and casinos licensing fees to use the league’s data. He’s relaxed, though not unguarded. Or on Silver, who gained extensive knowledge of foreign revenue models during his time overseas. The illegal market across sports? Try 132 times that — an estimated $138.9 billion, according to the American Gaming Association. And when it did, it was not subtle.

The NBA’s pivot point on legalized gambling appeared in a Nov. District Judge Michael Shipp ruled in favor of the leagues. Specifically, New Jersey Gov. commissioner to publicly support legalized sports gambling. The best way for the league to monitor our integrity is for that betting action to move toward legal betting organizations, where it can be tracked. “But I view myself more as pro transparency. In England, bets can be placed on a smartphone, at a stadium kiosk or even using a TV remote control.

SPORTS IS AN ongoing contest between two forces: tradition and innovation. And in New Zealand, sportsbook giant TAB paid more than $5 million last year in commissions to the leagues it takes wagers on. “Yet at the same time, we were opposing the New Jersey legislation in multiple court actions. was “inevitable” because cash-strapped states need the revenue.

THEN CAME SILVER’S op-ed. All of them have assigned people to study the issue intensively.

” — NBA commissioner Adam Silver Nine months later, on a cold January afternoon on the 19th floor of league headquarters in Midtown Manhattan, with Hot Chocolate’s “You Sexy Thing” playing, Silver is loose and joking, all the while being prepped for his cover shoot. “I recognize that it can be very damaging to a person or a person’s family, just like other substances of potential abuse taken to extremes. In September 2012, the NFL convened a forum in collaboration with other pro leagues, the International Olympic Committee and the NCAA to discuss best practices, law enforcement resources and the gambling industry. It could have continued to treat sports betting as the enemy that for as long as anyone could remember had threatened the very fabric of the game. Subscribe today!

THE NBA’S DARKEST hour can actually be marked by a single moment, concentrated down to the uttering of a sentence

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