Essays on Betting

Sports betting has become commonplace around the world with many countries not criminalizing, but instead, regulating it. In the United States, betting schemes are illegal except in the states of Montana, Nevada, Delaware and Oregon. Over the recent years, various states have begun agitating for the legalization of sports betting. States like New Jersey, Michigan, Pennsylvania, South Carolina and New York have introduced legislations that attempt to legalize sports betting in contravention to the federal government's, Professional and Amateur Sports Prevention Act (PASPA) which prohibits which has provisions which prohibit wagering in single game sports in all states in ...

Introduction.2-3

Background.3-4 Discussion4-10 Support of E-Sports as Sports.5-7 Opposition to E-Sports as Sports7-8 Responses to Objections.8-9 Conclusion10-11

Work Cited.12

INTRODUCTION On October 19, 2014, more than 40,000 fans crowded into the sold-out World Cup Stadium in Seoul, South Korea, to watch a highly anticipated final match of a world championship series. The massive audience did not pack into the stadium to watch a concert. They did not come out in droves to witness teams of football players make touchdowns. They did not scream and cheer as men made baskets in a tense basketball game. This was not a traditional sporting event; ...

Introduction

In late 2007, the Dow Jones Industrial Average (DJIA) closed at a record low. Stock markets around the world nose-dived alongside the DJIA. Turbulence in the sub-prime segment of the US housing market, paralysis of the credit markets, excessive lay-offs in organizations, steep decline in investments etc. were all some of the indicators that the world was heading for a massive credit crunch. In the words of Mr. Strauss-Kahn, head of IMF, “Intensifying solvency concerns about a number of the largest U.S.-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown” (BBC ...

PART 1:

Using the draw tools in Word, show what happened to the demand for housing by drawing the demand for housing in 2005, 2006, and 2009. This means you draw lines for the demand and supply of housing in 2005, 2006, and 2009 to the supply and demand graph and match what happens to the price in those years with what is show in the chart. Explain what caused demand to change over this period.

The graph below shows the demand of housing in 2005, 2006 and 2009 and how the price fluctuates. The demand for houses rose rapidly during ...

Introduction

Play LOTTO Research Lotto game rules (https://www.national-lottery.co.uk/), then design and implement a Matlab programme to generate several sets of Lotto numbers according to the amount of money specified. The relevant information about the Lotto game rules taken from the National Lottery website are enumerated in the following bullet points:

Tickets cost £2 per play

Simply select six numbers from 1-59 or pick Lucky Dip for a random selection Choose how many lines to play The Matlab programme will operate the same way as the Lucky Dip feature of the website. The Matlab programme will randomly generate sets of six numbers from 1-59 that are ...

Definition of Binary Options

An option is a derivative contract where an investor possesses rights to purchase and sell assets such as commodities, foreign currencies, and common shares etc . There are two types of options like traditional, regular or vanilla options as well as binary or digital options. The market dynamics and mechanics for options contracts are same in every economy. The only difference relies in the manner in which options trading is regulated in each country. In derivatives, binary option represents a trading form where traders or investors predict movement in the prices of underlying assets, commodities and securities etc. The word “ ...

Development and Challenges of Football after 1990 World Cup

1.0 Introduction Football has over the years faced challenges despite its growth in popularity. Szymanski (2002) argues that football has significantly improved the economic standards of the countries who host the world cup and also those with the major leagues. Lee & Taylor (2005) argue that tourism has been on the rise due to football, and this has come to be with the 2202 World Cup hosted by South Korea and Japan. However, the report has dwelt much on the recent history of football that took center stage after the 1990 world cup finals. Some of the main topics that ...

Introduction

Without hesitation, America had influenced people across the universe in all kinds of the way! Movies, Food, Clothing, Brands, and even sports. The most popular sports in the US include American football, baseball, and basketball. It is also popular in athletics, especially in the short races. It can be said that the US in not bothered on exporting their sports but they uses the platform to find a market to their products by influencing he tastes and preferences across the universe. The US ensures that the export for their products grows by manipulating the popular culture in different nations. ...

Introduction

Before this case of Mapp v. Ohio, it was inadmissible in a federal court of law to use evidence that had been obtained in violation of the 4th amendment, if federal officers had obtained that information. On the other hand, in a state court, law enforcement officers – whether federal or state - could take evidence seized in violation of the amendment and present it to the state courts. As a result, someone could be prosecuted criminally in state courts based on evidence acquired in breach of the 4th amendment. Mapp v. Ohio is a benchmark case that led to ...

Intensity of Competition in the Casino Gambling Industry

Casino Gambling is one of the most developing industries in the United States of America. A considerable number of people have endorsed the act of gambling in their life. More companies have taken entry into the business though they are faced with many challenges such as competition from existing firms.

1: Who are the buyers in the Casino Gambling Industry?

The gambling industry has an enormous number of buyers since people in the U.S value the activity. The customers in the Casino industry include the gamblers, retailers, and wholesalers who bring gambling products to the target market. A person who moves into a casino has the intention to gamble ...

A Case Study

Jonathan, a married 32-year-old Asian-American male, with an income of $70,000 annually reported symptoms of pathological gambling. As stated by his wife, Marigold, Jonathan has an uncontrollable urge to visit casinos and bet on slot machines. If he could not go out, he uses his credit cards to bet online. He rarely communicates with Marigold and their two children and prefers to lock himself in the room. According to Marigold, Jonathan started betting on casino slot machines with his workmates. They persuaded him by telling him that it was a lucrative activity with negligible losses. He began betting ...

- Bookmakers owning series of betting shops. The customers will be available in the shops for betting on horse race. A sample data was collected from 150 shops. In that 50 days are Saturday and 150 days are week end. The scatter plot has been plotted between the expenditure per customers against the number of races and against the square root of races. The scatter plot against the expenditure per customers and the square root of races fits the best linear regression graph than the number of races. In statistics the slope of square roots makes the best fit ...

The scenario as set out in the question is one that has to be looked into keenly, critically identifying and isolating the various relevant events that directly or indirectly impact on the relevance and admissibility of evidence discovered and/or obtained at a crime scene. This paper intends to identify the relevant events with regards to the collection and/or obtaining of evidence relevant to the scenario and state whether each piece of evidence obtained is admissible or inadmissible; and backing up the various arguments with the relevant provisions of the United States Constitution, case law and statutory positions on the subject ...

Introduction

Today’s presentation will be about the analysis of Monarch Casino & Resort, Inc. (MCRI) marketing function strategies. I will go about the discussion of MCRI’s internal and external environment. This helped enumerate MCRI’s strengths and weaknesses. This also aids in identifying the opportunities and threats that could significantly affect the future plan and profitability of the organization. An industry analysis has also been conducted paying close attention to the competitors of the company as well as the trends in the market. A market analysis was presented to give a summary of the condition affecting the industry and ...

Stage 3

1. Public opinion, social movements, and the media are linked together and bound together by the social movement’s messages (Amenta 1). 2 Online gaming can lead to real war as most of it is about shooting people or something (Cohen). Online gaming has affected people's mind and people in this forums have started a real war. He gives an example of a player who describes shooters in a game as Lebanon and Israel fighting an indication of what goes in the mind of many individuals. 3. Online gamers are always joking around even on serious matters, for instance, a friend ...

Standard deviation has many applications in the world, both in business and personal use. For instance, it can be used to determine what mutual funds would be wise to invest in. Standard deviation is a popular method used by investors because it can provide a precise measure of a funds variances during a particular time frame (News.morningstar.com, 2015). It can show these variances both on the upside and downside (News.morningstar.com, 2015). By analyzing standard deviation, one can determine what range future returns will likely be in (News.morningstar.com, 2015). If a funds returns fluctuate more month to month, than the standard deviation is going to ...

Games are an important part of human life and help in relaxing the mind. Card games improve the intelligence of players as they are required to apply deep thought and sound decision making within a limited span of time. However, it is imperative to note that each game has its own rules, hence evoking varied tastes and preferences among the players. One of the most interesting games is card games, which come in various forms and types. There is a lot of calculated moves and intelligibility behind all the moves made by each player. Notably, the game also develops one’s thinking ...

The Beginning of the Geometric Period continuing onto the Hellenistic Period, Greek art has continuously created an enormous number of potteries, which have been handed down as heirloom. During the Archaic Period, when the art of pottery flourished, adventurous Greek mythology provided the basis of inspiration for many artists. Stories of gods and heroes, wars and feasts were the main topics of the world. During this period, trade and commerce in Greece made even further advancements and actively sought out the expansion of colonies. As a result, they came into contact with Etruria, an area of Italy, in which through ...

Shirin Ebadi was born June 21, 1947 in Hamadan (western Iran) in the family of a prominent Iranian lawyer and professor of commercial law. She graduated from the Law Faculty of the University of Tehran. From 1975 to 1979 until the Islamic Revolution in Iran Shirin was the president of the city court of Tehran and she also was the first female-judge in this country. However, after the revolution, just like all other women she had to leave her post. But Ebadi did not leave the judicial system and took the position of clerk of the court. According to the ...

A 2010 documentary film Inside Job is directed by Charles H. Ferguson and discusses upon the 2008 financial crisis. The film is divided into 5 parts, which explain what led to the financial crisis in the United States. Inside Job was well received by the film critics, and it won the 2010 Academy Award for Best Documentary Feature. The film features numerous examples of potentially illegal practices including different actions, affirmative statements, omissions and schemes. My attention was mostly paid to the Goldman Sachs case of 2007-2008 concerning the short-selling of the subprime mortgage-backed securities the company was ...

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Summary of An Article

There are many opinion-based articles published on the internet every second. Many of these articles talk about relevant issues that involve common people. Since the internet is the most widely accessible platform, several people rely on the internet for news, updates and feedbacks. That is the reason many of the articles on the internet should be readable and easy to understand. The authors of these articles should remember that not everyone can understand everything that they put into their works. Not every reader who would come across the article is a native speaker of English, more so, ...

Abstract

This paper explores the use of mathematical concepts in gambling and playing games. The concepts employed when playing games of chance such as Blackjack are probability theory, combinations, and permutations. This paper tries to find ways of making mathematics appealing while shining light to possible research areas that may yield money as well as give new perspectives to certain areas. Interviews with tutors were carried out to get an understanding of what card counting entails. In addition, reviews of research done from as early as Thorp, to recent publications were looked into to provide direction. Card counting is considered ...

Card counting is usually a casino card game and strategy that is mostly used in black jack casino games (Simonson, 2011, pp.77). The card counting strategy is mainly used to determine whether the hand that follows in the play is most likely to give an advantage probably to the player or to the dealer. The card counters are considered to form a class of players who are exceptional. They usually make attempts of decreasing the inherent casino house’s edge by tactically keeping a running tally of the low and high value cards that are seen by the players. Card counting gives ...

It is a universal phenomenon that when you have power you can control the entire universe. Goldman Sachs as an investment bank has its origin in the United States and has influenced the business world as well as strongly spreading its tentacles to influence the political orientation of the United States. In the recent past, the company has been viewed just as an entity having no interests of the people in the United States and abroad. The company has been placed at a very advantageous position owing to the closeness in its continued deals with the US government. It has ...

Initially, gambling was an activity undertaken by most communities. It later developed into some form of entertainment, but this led to risk taking activities. This intriguing human activity has been pursued fervently by researchers from various fields. This is because of the bad popularity it has collected over the years. The prevalence of gambling is always high, and the numbers have been doubling over the years. In fact, the world gambling review estimated that about eighty nine percent of people who engage in gambling are actually addicted to it. This paper attempts to explain the history, causes and effects ...

Definition of gambling

The term gambling involves the act of wagering/betting of either valuable assets or money with the anticipation that the uncertain outcomes will enable the wager to continue winning more valuable items. Gambling involves two or more parties who voluntarily bet their valuable assets; commonly referred as skates, with the anticipation that one party will emerge the win. In most instances, gambling may take many hours, but the outcome of wager is realized after a short period. The term gambling is often confused with gamming, despite both terms having different contextual meanings. The word gamming is used when the government ...

Gambling involves wagering money and other valuable materials with the intent of winning more money and material things though unaware of the outcome. Gambling can either be in casinos, over the internet, electronic games and table games. Other types of betting are such as Fixed odds betting, sports betting, arbitrage betting and parimutuel betting. Most individuals amble as a form of recreation, earning income and due to this, it can lead to psychological addiction. In addition, sometimes gambling leads to behavior that is harmful to the individual and those close to him/her such as stealing. Although gambling has harmful effects, ...

This paper endeavors to research information regarding the issue of gambling, specifically within the state of New Jersey. Whilst gambling has been an inevitable part of human history, controversy still surrounds its impact on the social environment. In many countries, gambling is forbidden or restricted, however in the United States gambling is seen by many as a form of entertainment. In addition, revenue taxes derived from gambling contribute to both local and national economies. The goal in this paper is to evaluate the revenue and cost factors derived from gambling in New Jersey, and show that gambling's social and economic ...

The Rise and Fall of Long-Term Capital Management

Bestselling author Roger Lowenstein masterfully tells the story of Long-Term Capital Management – one of the most illustrious hedge funds of its day. A financial market power that made Merrill Lynch’s “thundering herd” seem like a bunch of noisy kids at its heyday, today LTCM is a case study of greed, hubris, and the marriage of academia and Wall Street. If you have ever wondered how top scholars and Nobel prize winners, who are on the cutting edge of human understanding of the workings of financial markets, would perform as hedge fund managers, the story of LTCM gives you the answer.

The Rise of Long-Term Capital Management

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Research on Ethical Issues with Online Gambling

Introduction

Throughout the different cultures, gambling has been a party o social life being a favorite past time for walks of the society. It comes in many different forms but the bottom line is gambling with its three major elements such as bet, money and winning excitement triggers a different ethical pattern for individuals. Gambling has been around for thousands of years, money or other valuables can be placed to accumulate prize money. The beneficiary of the pot money can be determined by the outcome of a game. It can either be a single or a multiplayer game in a form of teams like for example, ...

Introduction- Definition

Gambling addiction is the desire to continually gamble regardless of the existence of negative effects. ‘Ludomania’ as it is scientifically called is a mental health problem. Gambling is therefore an impulse control problem because a gambler cannot stop despite their desire to stop gambling. While gambling addictions vary as much as the available games, they are all predisposed to extreme continuous gambling habits including preoccupation gambling even when the addict is not gambling (MedicineNet.com).

Types of Gamblers

According to the ‘stop gambling now’ website, there are several forms of gamblers but not all of them are necessarily addicted to gambling as illustrated below. ...

NATIVE AMERICAN GAMBLING

Native American gaming ventures are betting dealings conducted by Indians in ethnic grounds in the United States. The Indian ethnic groups have some form of independence over these gambling businesses and are consequently granted the capacity to ascertain gaming enterprises outside state regulation. Gambling in the United States is not a new game to the native inhabitants; it was part of their culture passed down from their ancestors. The Chumash, one of the United States tribes, had two types of games: games of chance and those that require skills. Their ancestors used to gamble on the outcome of the games. ...

Gambling is an act that is practiced in many parts of the world. The act is evident in almost all major economic and entertaining activities. Gambling has been an illegal act for quite some time. However, it is slowly getting accepted and even some governments have formulated regulatory policies to control the act.

Sports serve as a major revenue source for many countries. This has led to the increase in betting and gambling acts, which is majorly done by sports agents. Most of these sports agents break codes of ethics just to make sure they remain afloat in sports. ...

The article “Gaining by betting against flimsy Chinese firms” by Steven Mufson talks about Sahm Adrangi, a Yale graduate, who has gained his fortune by betting on the fall of the stock prices of the Chinese companies, listed on the U.S. markets, which he considers flimsy. Many of these companies got into the U.S. market listing through a reverse merger technique by exchanging stocks with U.S.-listed companies. However, Adrangi and his experts often find that the performance of these companies is far below the one described in the reports provided for the investors and the Securities and Exchange Commission. Although Andragai’ ...