Word: wagers
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...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...
Mostly, burgeoning consumer debt is about living well: funding a car or vacation. But in some cases--a fast-growing share, I'd wager--it's about people leveraging bets in the stock market in pursuit of their million. No one knows how much has been borrowed to play the market, but this has been a hot issue since margin debt at brokerage firms soared in recent months to $244 billion, equal to a record 1.4% of the market value of U.S. public companies. Most firms will lend investors as much as 50% of the value of their securities...
...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...
...appreciate the advice and the company. But soon I've messed everything up. The dealer is showing a 6 up, my new grandmother has got 11 and I've got 14. This is textbook. She doubles down, doubling her wager and taking only one more card from Tony. Other players at the table have split and/or doubled down repeatedly. By the time the dealer gets to me, there's a shitload of money on the table. Everyone knows what I'm supposed to do. Stay. Odds are the dealer has a 10 or face card underneath his six. This will...