Three of New York’s five organized crime families came under the microscope for alleged illegal gambling activities Monday, the result of investigations that have produced more than 50 arrests reaching to the top rungs of one organization.

In reply to Najib’s decision on sports gambling lauded : Gambling is bad. Period. Legal or otherwise. Islam doesn’t allow it. Neither do other religions. So it should never be mentioned ‘that it is the right of non-Muslims to gamble’ or ‘we must not ig…

A further advantage to the exchange model is the ability to allow bets to be made in-running or in-play (i.e. to make bets while a race or match is in progress) without undue risk to the operator. This feature is generally restricted to the most popular events for which widespread, live television coverage is available. [...]

This type of arbitrage takes advantage of different odds offered by different bookmakers. Assume the following situation: We consider an event with 2 possible outcomes (e.g. a tennis match – either Federer wins or Henman wins), the idea can be generalized to events with more outcomes, but we use this as an example. The 2 [...]

In the USA, the Professional and Amateur Sports Protection Act of 1992 makes it illegal to operate a scheme except for in a few states. In many European nations bookmaking (the profession of accepting sports wagers) is regulated but not criminalized. The NCAA has threatened to ban all playoff games in Delaware if the state [...]

EMBARRASSED.As a Philadelphian, I’m red-faced about the excruciatingly lame stakes put up by Mayor Nutter in his Stanley Cup championship bet with Chicago Mayor Richard Daley.

Senior staff at Tatts Group have set up their own business, aiming to recover a slice of the Victorian poker machine market the gaming company will lose from 2012.

KUALA LUMPUR – MALAYSIAN opposition-led states have banned sports betting, officials said on Sunday, following protests over its approval by the central government in the Muslim-majority country. The opposition-led states of Kedah, Penang and Selangor said they fear betting on sports will encourage gambling, a sensitive issue in Malaysia. Muslims, who make up 60 per cent of the population, are …

ATLANTIC CITY, N.J. — This town isn’t big enough for the 11 of us. That’s the message from new quarterly tax documents in the nation’s second-largest gambling market, where as many as half the casinos are for sale and three could close if things don’t improve soon.

Rep. Sander Levin today turned the focus of his powerful House Ways and Means Committee to bills to legalize and tax online gambling.

Internet gambling should be legalized and taxed in the United States to raise $42 billion in revenue over a decade and legitimize gamers who bet online, backers argued before a congressional panel on Wednesday.

A push to rewrite federal law to legalize Internet gambling, banned since 2006, gains traction as politicians eye billions in additional tax revenue.

Measure K has renewed an age-old debate over whether expanding gambling comes at a steep social cost that is trickier to count. What troubles critics most is the question that won’t be on the ballot: Will this cost San Joseans in spiked crime and destroyed lives?

According to Paul Ehrlich’s website: In 1980, Julian Simon repeatedly challenged environmental scientists to bet against him on trends in prices of commodities, asserting that humanity would never run out of anything… Paul and the other scientists knew that the five metals in the proposed wager were not critical indicators and said so at the [...]

his is the 21st century – the era of cable and the internet. It’s not like James needs a big market