Category: Gambling

Betting

Betting on the stock market is not illegal. Indeed, it’s a venerated pastime, and those who are good at it are celebrated on magazine covers and given honorary doctorates. What these luminaries do, though, is essentially what good sports bettors do: Find an undervalued team (in this case, a company) and bet on it with...

Poker.net

The most disingenuous television advertisements of the moment are for online poker Web sites, many of which market themselves during broadcasts of professional poker tournaments, such as the ones I commentate on for FoxSports. The last two World Series of Poker champions, Chris Moneymaker and Greg Raymer, play at (and endorse) a site called PokerStars.com....

A Gambling Book Worth Reading

The vast majority of books about gambling hold out the faint (and mostly spurious) promise that they’ll help you somehow gamble better. Or smarter. Or longer. They suggest, usually erroneously, that they contain some sort of heretofore unexpressed secret about beating unbeatable games. These books may be safely ignored, unless you’re a hopeless degenerate who...

Some Free Gambling Advice

At dinner with a lovely couple, a sweet husband and wife of obvious intelligence and clarity of mind, the topic turned to Vegas. One of their favorite pastimes, they remarked, was going to Las Vegas for quick one or two-day trips during which they assiduously avoided the showrooms, much-lauded restaurants, and anything else that might...

Blackjack Questions Answered

Last night I appeared on GSN’s premiere episode of “World Series of Blackjack,” in which 25 of the world’s top players compete in 30-hand, five-person tournament matches. Each week’s winner gets $10,000, and the ultimate winner earns $100,000. (I finished second in my heat and qualified for a “wild card” episode that airs later this...

The Nature of Luck

This past weekend I competed in a made-for television event called “World Series of Blackjack.” The producers invited 25 gambling luminaries — if such a thing can be said to exist — to square off in 5-person, 30-hand matches. The winners got a pile of money, and the others got to be on cable television....

The ‘Broken’ BCS

Many tears were shed this past weekend in Los Angeles, and the lachrymal mourning wasn’t over starving Africans or bleeding Afghanis. The crying – and the whining and the righteous indignation – was inspired by a college football ranking system that kept the USC Trojans out of the putative national championship game, the Sugar Bowl,...

The Nature of Vice

Drugs like caffeine, nicotine, and alcohol are legal and more or less woven into the fabric of daily American life. Drugs like cannabis, cocaine, and LSD are not and those who use them are more or less consigned to the squalid fringes of society. Paying a woman to take off her clothes and display her...

Stock Pickers Versus Sports Bettors

Recently a man in North Dakota was found guilty of placing sports bets over the Internet, in violation of state (and possibly federal) law. He was fined a nominal amount of money and made an example to the hundreds of thousands – millions? – of people who use their computers to make wagers on football...