Tagged: sports betting

ESPN, America’s Gambling Network

ESPN, the cable TV empire, covers all things sports-related. Except sports betting.  Apparently the wry, hip, knowing, ironic, slick, and authoritative on-air broadcasters may discuss anything and everything about the sports and athletes they cover provided there’s no mention of the pointspread line or the underlying odds that swirl around virtually every event that ESPN...

The Sporting Scene: America’s Morality Tales

The eternal battle between Good and Evil rages on. We watch (and learn) in awe, each of us better somehow for having witnessed Virtue collide with Sin. But America’s most instructive forum of late hasn’t been the Church pulpit; it’s the sporting scene.  The characters in these Morality Tales are so clearly identifiable, so devoid...

The Vegas Shell Game

Work commitments take me to Las Vegas frequently, where, like millions of other visitors, the excess of it all, the unashamed pursuit of pleasure disconnected from meaning or what passes for reality in more responsible precincts awes me. Behind the seductive veil of the casino come-on, though, is an unpleasant fact I’ve written about in...

The Super Bowl Pointspread

Since the publication of my book “The Smart Money: How the World’s Best Sports Bettors Beat the Bookies out of Millions,” numerous reporters and radio hosts have contacted me asking for a prediction on the Super Bowl.  I can’t say what the result will be. Nobody can. I can, however, tell you which side is...

Why There’s Value in the Underdog

Last night, the University of Florida won the men’s collegiate basketball championship, beating UCLA, 73-57. The Florida Gators were the favored squad, and, as usual in this type of spectacle, most of the money on the contest was bet on the favorite, the team that’s perceived as stronger than the other one. Everybody loves a winner...

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...

The Wisdom of Crowds

Currently making the rounds of all the free advertising outlets [read: fawning reviewers], a new book by theNew Yorker columnist James Suroweicki asserts that a big bunch of average people often turn out to be smarter than a small group of experts. Mobs, the author asserts, are often better predictors of the future — whether it’s...

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...