Archive for January, 2016

Sports gambling sites Draftkings & Fanduel ordered to stop taking bets

They have sent emails to these customers asking them to defend their right to play fantasy sports.

NFL is a big deal in this country and has millions of loyal followers who also happen to love betting on the game. He goes on to say that these sports fantasy sites are marketed as a game that anyone can win but in fact distributes the vast majority of winnings to a small subset of experienced, highly sophisticated players. Any NFL fan will no doubt have seen the endless advertising by Draftkings and Fanduel, who were able to form a lucrative partnership with the NFL. If Draftkings and Fanduel are able to leverage these fans against their state legislators they might come out on top. These were no small prizes either as the amounts range from hundreds of thousands to millions of dollars, with the sites pledging to award over 3 billion in prizes alone this year. Americans love gambling and sports. This business was launched on the basis that fantasy football is a skilled form of gameplay, not one based on chance or luck.

The gaming sites proved that their winners were based on one’s knowledge of the sport by awarding a large sum of their prizes to employees who used inside information to gain an unfair edge on the general public. Draftkings and Fanduel have openly strongly disagreed with Schneiderman and will pursue all legal options available to them. At the end of it all it will be whoever can sway the masses that will be victorious.

. It only makes sense to combine the two. The New York Times reported that yesterday the New York State attorney general Eric T Schneiderman, ordered a cease and desist on the two online gambling giants demanding that they immediately stop taking bets from New Yorkers, under the premise that their operations constituted illegal gambling in the state of New York.

In his press release Schneiderman accused Draftkings and Fanduel of being leaders of a massive, multibillion-dollar scheme intended to evade law and fleece sports fans across the country. These winners constitute roughly 1% of all players on the two sites.

This is the latest blow to fantasy sports legal standing. This would be great if, as their ads imply, the prizes are fairly distributed, however this insider trading scandal brought their legal status into question. States like Kansas, Maryland, Massachusetts and New Jersey have already taken a pro stance on fantasy sports. Last month Nevada regulators ruled that online fantasy sports are considered gambling, requiring these sites to cease operations until gambling licenses are acquired. Draftkings estimates they have over 500,000 participants in New York alone. It is already a multibillion-dollar industry and will undoubtedly throw its weight around when pushed. In the meantime they will continue to operate in the state of New York.

These online fantasy sports businesses, while relatively new, have substantial backing both by sponsors and fans alike

A Bet You ALWAYS Win – How Sports Betting Arbitrage Works

For example, in a boxing match, the US champ will, of course be favored by the US bookies, but the UK challenger will be top bet at the UK bookies. But what you could have done is put on a bet with UK bookie Coral that Kerry would win, and the odds they would give you would have been 6/4 (i.e. Usually the difference will be small. Simply exploit the difference. The same thing applies to betting arbitrage, typically on sporting events. It works even within the US too – a Varsity football match, for example, may find the out of state team offering you an opportunity to arbitrage within the home team state depending on the demographics of the customers using two US online bookies. .

How often does this happen? Quite a lot. As you recall, it was close. That is why you need large accounts.

A Bet You ALWAYS Win – How Sports Betting Arbitrage Works

by: Kevin Schultz

Betting arbitrage is a method of creating a bet that has a zero risk – in other words, you always win! The concept of ‘arbitrage’ comes from the financial world, and describes the activities of traders who find two different places offering the same trade, but at different prices. Also, accounts of this size are viewed with some suspicion by the bookies – they will want to know that you aren’t (for example) money laundering.

Enjoy!

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About The Author

Generally, you can bet risk free on any sporting event with either 2 or 3 outcomes, such as Football, Baseball, Boxing, Basketball, Tennis, Soccer, Golf, Snooker, Cricket, Hockey, Ice Hockey and Darts. Sometimes, the differences are deliberate. By exploiting the inefficiencies of some brokers, a win can therefore be guaranteed. a US 1.5 – bet $800, return $2,000).

At the same time, your fave US bookie might have given you odds of 6/4 on Bush! That means if you took both bets, you are betting (risking) $1,600, but will win $2,000 WHATEVER the result! Easy money or what? Bank a cool $400 for nothing.

The advent of online betting sites meant that the punter could suddenly check prices at a multitude of different locations very quickly, and open bets at those that had ‘slipped’ out of line. Nothing wrong with that, you think? Not if the bet is 100% guaranteed? But what about if thru the vagaries of the internet, you manage to get one side of the bet on at the right odds, but not the other? You are left holding a LARGE position. No one knew for sure which way it would go. The difference between the odds offered by 2 bookies, and exploited by an arbitrageur, may only amount to a fraction of a percent, meaning that you may have to wager several thousand dollars to win 5 bucks. The main problem is the size of the account you need to make a useful profit. Whatever happens to price, they make a profit on the difference between the original 2 prices.

Mr Schultz is a writer for www.supabets.com bet site an archive of free tips and trix for betting fans, where he concentrates on sports betting rules.

This article was posted on February 10, 2005

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So ok, you know the risks, but how does it actually work? Let’s go back to the US election between Bush and that Herman Munster guy, the Democrat fella with the long face (Kerry? Curry?). Are the odds always as good as in the example? No. They then exploit this difference by selling in one location and buying in the other. Each online betting site has to maintain it’s own ‘book’, and it would be a strange world indeed if they all had the same number of punters, all betting the same way and the same amount, meaning they all had to offer the same odds!

So how does 100% winners, no risk sound? Groovy, huh? But there are, of course, problems

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Ways To Create Profitable Cfd Trading Strategies

But the probability of the Crusaders winning the game is very high.

A successful CFD trader will find a CFD trading technique that skews the odds in their favor and then implement that technique to produce profits.

Rugby against Contracts for Difference (CFDs). This could be a profitable strategy as an investment technique even if the risk reward is lousy if the hit rate is high enough to justify the said investment.

Many people have bought lotto tickets once in their lives, but is this really the way to riches? The risk is very low, let’s say $10 for a ticket, while the reward is potentially huge, with first prize being many millions of dollars, say $10 million. These two ratios are risk reward ratio and the hit rate.

Lotto Against Contracts for Difference (CFDs)

In the Super 14 rugby series the Crusaders has been dominating for the last ten years winning about 7out of the 10 series. generally speaking, buying tickets in lotto is not a good CFD trading strategy. The risk reward ratio involved is exceptional at 1 million to 1. There are only a few investments that have this kind of risk reward. If a winning Lotto ticket requires 6 correct balls out of 40 possibilities, then the odds of winning are 3,838,380 to 1.

If we were to play Lotto 3,838,380 times then we would expect to win once and lose 3,838,379 times. This means that if the Crusaders won the gambler would have received a payout of $108,000, making a profit of just $8,000, but if they lost the gambler would lose $100,000. For this to become a profitable investment the odds would be over 90% that the Crusaders are to win the game. This means that we are to win $10 million and lose about 38,383,790 times. But there is this issue in buying lotto tickets as an investment technique. It isn’t about the risk reward; it is the hit rate. If the odds were only 95% then the gambler would lose only one out of the twenty games so that he would earn $8,000 times 18, $152,000, and lose an amount of $100,000 only once. You can consider this a lousy edge ratio with the reward ratio of about 8 to 100 and a potential large loss for a very small gain. Luck will fall on some people in lotto but successful CFD trading isn’t about luck; it is all about exploiting great opportunities.

Learn more about the 7 most essential trading tips and 2 of the most common CFD trading strategies.

By: Jeff Cartridge

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Find out more about the CFD revolution by checking on CFD Trading Tips.

Understanding the connection between 2 significant ratios is the key to having winning CFD trading strategies. In 2008 a gambler placed a $100,000 bet on the Crusaders to win a game at odds of just 1.08

Nevada bans FanDuel, DraftKings, other fantasy sports sites for gambling

Were told you can also play fantasy games for sports other than football, but that just seems silly.

Weekly fantasy sites are more or less the same as season-long fantasy leagues. Additionally, players may be owned by multiple teams, with rosters being capped by a set salary cap. Nevada has made no bones about it either, being the latest state to join the crusade, saying that it is gambling within their state without the proper licenses (read: payoffs).

The timing is a bit suspicious as well, with concerns about a form of insider trading dogging DraftKings and FanDuel for the past few weeks. The top player or players in each group will receive a payout commensurate with their ranking within the contest they joined, with millions of dollars at stake on a weekly basis.

This is where the companies have run into opposition. Normally, each player can only be acquired by one team at a time, with an emphasis on scoring points based on the the cumulative performance of your players each week as compared to your opponents. Using the app version can already lock you out while in states where they arent allowed, even if you are just travelling through–trust us, we have firsthand experience on that. If something is occurring without regulation, it means they arent getting their palms greased. Entry fees can start out as low as 25 cents, but can get up into the thousands of dollars for the big time players. More desirable players generally cost more than lesser performing players. Of course, this argument puts them dangerously close to acknowledging that the game has a great deal of luck involved, bringing up questions of gambling. Players get points based on yardage, receptions (unless you do non-PPR, in which case youre just wrong), touchdowns, fields goals and other statistical parameters. Players gain points based on constructed rosters and get points based on performance, with a few key differences. A few players who worked for each site won substantial amounts of money on the other–one winner raking in a cool $350,000–drawing clouds of suspicion that they were using insider information to have an advantage over the general public. In the past, people have generally argued that gambling brings undesirable elements and crime to certain areas, using that reasoning to zone them out in all but a few places in the United States. In a traditional setup, players would draft players at the beginning of the season and build a team around it throughout the season, modifying their rosters as desired. Nevada is banning the sites not for supposed unfair business practices, however, but because they consider the contests gambling rather than skill-based competitions.

For those not in the know, weekly fantasy sites such as DraftKings and FanDuel use a modified version of traditional fantasy football leagues. Montana, Iowa, Louisiana, Arizona, and Washington are the other five. The fact that four of the six rank are in the top ten nationwide for gambling revenue is probably just a coincidence.

So beware if you live in those six states and want to engage in such games. Many claim that the sites run afoul of anti-gambling laws, and several states do not allow them to operate within their borders. Rather than playing in a small league of a dozen or so people, (give or take depending on how many friends you have), players join leagues that may contain thousands of people. Additionally, many are making the argument that they couldnt have cheated too much, as knowing the future of who would score is impossible. The move came on October 15, in the midst of backlash against the sites for what many deem a form of insider trading. The companies have conducted their own internal investigations, claiming this is not the case, but also setting new rules in place disallowing their employees from participating in the games in the future. After all, if they dont protect the wealthy casino owners from such nefarious activities as light gaming, who will?

. But when the gaming is done online, that argument is much more difficult to make, and only two arguments are left: you dont like people to be free to gamble or you arent getting a slice of the pie yourself.

With that much money changing hands, you can be sure that both the federal and state governments would start to take notice, primarily for the latter. You can also be subject to legal trouble if you are caught spending your money on your preferred form of entertainment if it hasnt been preapproved by The State. The state of Nevada has joined a growing list of states who wont allow weekly fantasy football sites to operate within their borders. Games of chance have long drawn the ire of people who dont think adults should be able to make their own decisions with their own money. Treading that fine line between whether its a skill-based game that can be cheated vs a luck-based game that could be considered illegal gambling has proven to be a tightrope walk.

Nevada becomes the sixth state inclined to believe the latter, not surprisingly as it is the gambling capital of the nation, thus the state with the most to lose, if losing something they never had is a possibility

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. Would it be an overstatement to say that 2015 was a very good year for oils? Probably not

Elizabethan Era

The commonly used fabrics were silk, velvet, and fur. To decorate the banquet tables, models of birds, animals, wine glasses, playing cards, etc, were made out of marzipan and sugar. The dresses were designed in such a way that they highlighted the thin waist of the wearer. Names such as “Miranda” and “Olivia” were in fact used for the first time by Shakespeare as names for his characters in his plays. Culture, music, clothing, food, customs, literature, and not to mention the famous people such as William Shakespeare and explorers like Sir Walter Raleigh and Sir Francis Drake, have each contributed to make this era very special and memorable in the European history. Women were considered inferior to men, both in lower classes as well as upper classes, and depended on men for all kinds of support. Men, on their part, wore jerkins with silk hats and leather shoes. Some of the famous musical instruments of this era were – virginal, lute, trumpet, hautboy, big clarions, harp, sackbuts, and viol. Secondly, slashing of the clothes was done so as to reveal the inner garments. Some of the popular ornaments and embellishments used were brocades, laces, embroidery, velvets, ribbons, buttons, and cords. Some of the popular theaters were the Globe, the Curtain Elizabethan Theater, the Bull Ring and the Hope Elizabethan Theater, the Swan Theater, Newington Butts, and the Boars Head. Of course, that’s not the only reason why it’s called the golden age.

Names

There are many popular names today whose origins lie in the Elizabethan era. Here is a list of some of the popular male and female names of this era. William Shakespeare’s plays of this era, usually had poems accompanied by music, which were very aptly used to express all kinds of emotions.

Food

The diet, just like anything else in the era, varied according to the social class a person belonged to.

Clothing

The clothing in the Elizabethan era was very elaborate.

Elizabeth

Margaret

Martha

Rose

Rebecka

Dorothy

Anne

Winifred

Sidney

Katherine

Judith

Esther

Susanna

Christian

Alice

The kind of clothing one could opt for depended a lot on the Sumptuary Laws passed by Queen Elizabeth. Both men and women were very fashion-conscious. Family ties were very strong among the village people and professions were passed on from one generation to another. According to them, only the queen and her relatives could wear clothing in which golden embellishments were used. Gambling, hunting, hawking, archery, dog and cock fights, wrestling, skittles, bear and bull baiting, and hammer-throwing were the most popular sports of this era. Fish, meats of pigeons, goose, swan and blackbirds were also eaten along with vegetables like carrots, turnips, leeks, onions, radishes and garlic. Many new types of theater flourished, and produced some of the best plays in the English language. They went to great lengths, such as importing fabrics from all over the world, to use in their clothing. Padding up the shoulder and the hip area was pretty common. The poor people mostly ate fish, cheese, bread, and ale. As for desserts, pastries, custard, cakes, cream, and tarts were widely savored.

Female Names

Some other forms of music that became popular during this era were street music and theater music. And it was not just the elites; people belonging to all the classes became interested in singing and performing. However, the lower classes could only wear clothes in fabrics like linen, wool, and sheepskin. While the lower classes preferred to sing themselves during family dinners, the rich people, who could afford more, hired musicians to play music for them during parties and get-together. But mostly, the life of the people in this era depended on the class they belonged to.

Male Names.

Music

As Queen Elizabeth herself was a music lover, she greatly patronized musicians in her court. As far as clothing in this era is concerned, there were some peculiarities to it, such as the women aped many of the designs in men’s clothing. Meats such as mutton, bacon, beef, lamb, rabbit were a preferred choice of the elite. Religious church music, dance music and ballads were often played at the court. On the other hand, the rich had a wide variety to choose from. Valentyne

John

Richard

Nicholas

Nathaniel

Thomas

William

Stephen

George

Humphrey

Edward

Edmund

Ralph

James

Henry

Although people lived ordinary lives during this era, yet the kind of intellectual achievements and creativity this age fostered can be compared to none in the English history!

For entertainment, people looked towards theater and sports. Some of the popular fruits were apples, strawberries, plums, pears and cherries.

Life

It was the age of the Renaissance so lots of new ideas pertaining to literature, science, education and religion began affecting the way people lived their lives. Women wore dresses which were made of a number of garments.

This era of Great Britain is also known as the golden age, and is named after its virgin Queen Elizabeth I. Long flowing robes were worn by both men and women alike

PGA golf betting odds for players to win 2015 Wyndham Championship

Tiger Woods, Carl Pettersson, Will Wilcox, Harris English – 50 to 1

T-7. For his PGA Tour career, K.J. Webb Simpson – 28 to 1

T-7. Considering he does have four wins on tour and career earnings of $17.8 million he’s getting no respect this week. Carl Pettersson barely made the cut last week and ended up finishing in 75th place but he did win this tournament in 2008. Choi has eight win on tour but none since 2008. Tiger would have to win this week to make the FedEx Cup playoffs. Horschel has three tour wins and he finished at -5 under and tied for 25th place last week in the PGA Championship. Billy Horschel – 28 to 1

Webb Simpson won the Wyndham Championship in 2011 and like Brandt Snedeker the win was the first on the PGA Tour for Simpson. Tiger needs to win this week to make the FedEx Cup playoffs so you know he’s motivated.

11. He has played in 37 PGA events so far in his career and has earnings of $2.14 million.

South African Branden Grace shot -15 under at the 2015 PGA Championship to finish in third place for his best ever finish in a major. This will mark the first time Tiger Woods has ever played in the Wyndham Championship and you know tournament officials are doing cartwheels as Tiger Woods will really juice up this week’s event. Ollie Schniederjans just turned pro and is looking for his first win. He’s certainly capable of winning here but Martin Kaymer has won just two tournaments since 2011.

Notables

Camilo Villegas – 100 to 1 odds

Camilo Villegas is the defending champion in the Wyndham Championship as he won the tournament last year. Ryder Cup team. Thomas is just 22 years old and he’s seeking his first PGA Tour win. Ryan Moore finished last week in a tie for 37th place and I’d expect him to do better this week against much easier competition.

The rest of the field is pretty interesting this week. Chad Campbell has four career wins but none since 2007. He’s not won on tour since 2012. Martin Kaymer – 25 to 1

Bill Horschel has not won on tour since he won the BMW Championship and the Tour Championship last September and collected the $10 million FedEx Cup bonus prize. Good luck this week to all the PGA golfers and especially the bettors at the 2015 Wyndham Championship!

George Coetzee played well last week to finish at -12 under and tied for 7th place. Luke Donald finished tied for 43rd last week. Jason Dufner has not won on tour since 2013. Harris English tied for 48th place last week. Choi won the Wyndham Championship in 2005. He’s looking for his first PGA win but has two wins on the Europena Tour in 2015. Haas has six wins on tour including a win in January of 2015, but he’s not been playing well enough for me to bet on him here at just 28 to 1 odds. He has seven wins on tour including a win at Pebble Beach in 2015. Brandt Snedeker – 20 to 1

Martin Kaymer shot a disappointing +1 over Sunday to finish the PGA Championship at -10 under and tied for 12th place. He won for the first time on tour earlier this year at the Phoenix Open and he won on the European Tour last year.

T-5. Charl Schwartzel finished tied for 37th last week and his one win on tour remains his 2011 Masters win. Branden Grace – 25 to 1

Ryan Moore won the Wyndham Championship in 2009. Watney has not won since 2012. Villegas did miss the cut last week at the PGA Championship.

K.J. Many of the players with the lowest betting odds to win this week played pretty good at the PGA Championship last week. He does have three more wins on the European Tour and eight more wins on the Asian Tour including his last win at the Dubai Open in December of 2014. I’ve listed all the players with odds of less than 80 to 1 with comments, and then added a few notables at the end with higher betting odds. One note of caution, when Snedeker won this tournament in 2007 it was played at Forest Oaks Country Club and not the Sedgefield Country Club.

After shooting -13 under par at the 2015 GA Championship which was good for a fifth place tie, Brooks Koepka is co-favored to win the 2015 Wyndham Championship this week at odds of 16 to 1. Open. Like Snedeker and Simpson, the win was the first on the PGA Tour for Ryan Moore. Matsuyama has one win on tour which came last year at the Memorial. Grace is still looking for his first PGA Tour win. Considering his odds of 400 to 1, there are worse bets you could make on this board.

Davis Love III – 400 to 1

Davis Love III won this tournament twice in 1992 and 2006. Austin Cook, Brendon Todd, Chad Campbell, Charles Howell, George Coetzee, Jason Dufner, Nick Watney, Russell Knox, Ollie Schniederjans – 66 to 1

T-7. He has five wins on tour but none since 2012. Hideki Matsuyama – 16 to 1

T-16. Last week I wrote that Koepka could win the PGA Championship and he’s certainly a huge threat to win this week. He’s played in 42 PGA Tour events. This tournament is much easier than last week and Simpson should play better but that does not mean he will win this week.

T-12. Charles Howell III almost never wins but he’s earned $28.8 million on tour. Snedeker played well last week, shooting -10 under and finishing in a tie for 12th place. For his career, Ryan Moore has four wins on tour, with his last win coming in November of 2014. How motivated would you be to win this tournament this week after you won a $10 million bonus last year?

T-20. Not a bad golf career at all.

Arjun Atwal – 400 to 1 odds

Arjun Atwal from India won the Wyndham Championship back in 2010 at the Sedgefield Country Club. That was his only win on the PGA Tour. Ryan Moore – 33 to 1

Bell Haas finished at +3 over and tied for tied for 65th place last week. Branden Grace has won six times on the European Tour including a win at the Qatar Masters in January of 2015.

T-1. Simpson shot even par last week to finish in a tie for 54th place. His 16 to 1 odds here and co-favoritism is based more upon his past accomplishments than his current form. Choi – 150 to 1 odds

K.J. Davis Love III is the new captain of the U.S. For his career, Webb Simpson has four wins on tour with his last win coming in October of 2013. Paul Casey was tied for 30th last week. Bill Haas – 28 to 1

Justin Thomas shot -8 under last week to finish in a tie for 18th place with Phil Mickelson and Victor Dubuisson. Todd has one win on tour (2014) and he missed the cut last week.. Austin Cook and Russell Knox are looking for their first wins on tour. Will Wilcox is looking for his first tour win. Brooks Koepka can hit the ball a mile which always makes him a threat. After missing the cut last week at the PGA Championship, Tiger Woods is 50 to 1 odds to win the Wyndham Championship this week. He could turn things around this week but not with my money on him.

Hideki Matsuyama failed to shoot a round in the 60s last week and ended the PGA Championship in a tie for 37th place at -3 under. He has two tour wins with last coming in 2013.

Adam Scott on the other hand has not been playing well lately, he missed the cut last week, and he has not won a tournament since May of 2014. He’s started 26 times on tour and he was second at the Wells Fargo Championship back in May for his best finish to date. Choi has eight wins in 393 starts and career earnings of $30.5 million. Here is a list of the betting odds for the PGA golfers to win this week at the 2015 Wyndham Championship.

T-1 Adam Scott – 16 to 1 odds

Patrick Rodgers did not play last week after he finished tied for third at the Barracuda Championship two weeks ago. Can he lead the USA to victory in 2016 on home soil in Minnesota?

T-7. Love has 20 wins on the PGA Tour but none since 2008. Justin Thomas – 28 to 1

The 2015 Wyndham Championship golf tournament on the PGA Tour is taking place this week from August 20-23, 2015, at the Sedgefield Country Club located in Greensboro, North Carolina. Kaymer has won over a dozen tournaments on the PGA and European Tours combined but his last was at the 2014 U.S. He’s only 23 years old and he could easily win this week it’s just do you want to take 16 to 1 odds on him?

T-1 Brooks Koepka – 16 to 1

According to his agent Mark Steinberg, Tiger Woods has informed Wyndham Championship officials that he will be playing in the tournament this week. Charl Schwartzel, Luke Donald, Patrick Rodgers, Paul Casey – 40 to 1 odds each

4. He’s too risky a bet for me.

T-5. His one win on tour was in 2009.

Brandt Senedker won the Wyndham Championship back in 2007 for the first of his seven PGA Tour wins to date

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