Word: betting
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...telling us what lies around the bend. "The stock market essentially anticipates the economic situation by three or four quarters," he says. "Right now it is pricing in a recovery for next year." Commerzbank strategist Rolf Elgeti disagrees. He says it's an old-fashioned "bear squeeze": traders bet so heavily on the market dropping in February and early March that they had to scramble to buy shares when it inched up. "The market...
...ratings are strong. My trouble with Bernie, though, is his kidside manner. "I'm gonna bust your head till the white meat shows!" he hollers in one episode; "I'm gonna kill one of them kids," he says in another. All in good fun? Perhaps. All too common? You bet...
...They bet only whatever money they happened to have with them—and “if we had 50 bucks in our pockets, that was a lot,” Crist says. The one night they dipped into their bank account, they lost big—and vowed never to do that again...
Always a customer of the game, he continued to bet on races even as he now covered them. When the Times’ management confronted him, he successfully convinced them that a reporter had to wager—“people who didn’t bet weren’t paying attention,” he says...
More simulcasting meant more money, so Crist negotiated deals with many tracks to start carrying simulcasts of NYRA’s races. In 1994, the total amount bet on NYRA races—or the “handle” in racing parlance—was $205 million. The next year, it was $589 million...