Word: wager
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Dates: during 2000-2009
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...interest-rate hike by the Federal Reserve's little known Federal Open Market Committee was a no-brainer, given the still sizzling growth of the U.S. economy. But in another sense, the panel's increase in the so-called federal-funds rate from 6% to 6.5% marked a spectacular wager on your future, with your money, by 10 unelected and largely unknown officials operating behind closed doors. By raising the rate that underpins most other borrowing costs to its highest level in nine years, the committee is hoping--make that praying--to cool the economy and forestall ruinous inflation without...
...reasoned conjecture about the frequency, or even the existence, of life elsewhere in the universe. As an optimist by temperament and as a betting man, I allow that certain features of the natural world would lead me to place my chips on yes if someone forced me to wager. But I also know the difference between a pure flutter based on hope and a smart play based on genuine probabilities...
...problems are many. First, most sites that offer web wagering are situated offshore, making punishment by American authorities a pipe dream. Second, it's almost impossible to prevent a site that has been blocked from quickly changing its web address and resuming operations. Third, there are considerable complications caused by varying gambling regulations in the 50 states. For example, how can an ISP differentiate between in-state or out-of-state bettors making an online wager in a state where pari-mutual betting is legal...
...Pool: This is the most popular way to wager money on the NCAA tournament. Usually twenty educated basketball enthusiasts pay $5 for the right to lose it to some lucky idiot who guessed that Seton Hall would beat Temple...
...combined MGM-Mirage is a jackpot worth fighting for. It would become the No. 2 U.S. gambling behemoth, behind Park Place Entertainment, and would own 50% of the lucrative tables for baccarat, a card game in which players can wager as much as $250,000 at a turn. So coveted are Mirage's four Las Vegas casinos that both Park Place and Harrah's are reportedly weighing their bids for the company...