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How to Pick and Bet on a Kentucky Derby Winner

The last one I remember winning was Sunday Silence in 1989.

Don McNay, CLU, ChFC, MSFS, CSSC is the founder of McNay Settlement Group in Richmond, Kentucky. I can tell you what horses make the biggest mess. Just like the lottery, big odds draw a lot of excitement and attention.

Dad was superstitious and started to believe that my system was jinxing him. I go the track a few times a year and bet small amounts.

It drove him absolutely crazy. It was a stupid reason for picking a horse but produced one of my few winners.

The professors said that betting to show will produce a winner 52% of the time. I can sum up the advice in two statements.

Most of my equine knowledge was gleamed when I worked on the clean-up crew at the Kentucky Horse Park.

Dad liked the excitement of big odds and big payoffs.

Although I started going to race tracks before I was able to walk, I don’t know much about the horse industry.

Betting to show is a practice that I follow religiously.

Bet on the horse to show, not to win or place. His owner, Arthur Hancock III, had graduated from Vanderbilt and I had received a Masters Degree from Vandy the year before. I would bet $10 and win.

As the son of a professional gambler, people often ask me for betting advice.

If a horse moves from 10 to 1 to 2 to 1, it is probably a good horse to bet on.

Just like the lottery, you don’t see many people winning them.

Like in the investment world, the winner at race track is the person with a conservative style and discipline.

He is the author of Son of a Son of a Gambler: Winners, Losers and What to Do When You When The Lottery. I stick to it today. It is a driving force for web sites like Google. Betting to show fits with my overall philosophy about investing. Slow and steady works in the financial markets and works at the track too. He knew everything about the horse’s past performance, their breeding and who was riding them.

Thus the best advice may be to forget all the high powered systems and experts and give it your best guess. You can write to Don at don@donmcnay.com or read his award winning, syndicated column at www.donmcnay.com. He would bet $100 on a horse and lose. That is better than any other kind of bet.

When your sitting back

In your rose pink Cadillac

Making bets on Kentucky Derby Day

– The Rolling Stones

The idea is that the marketplace will move with the crowd towards the best outcome.

Bet on the horse that everyone else is betting on. (My mother was a sucker for horses with funny names.) I just follow the odds. He and I would go to Keeneland every session and we never picked the same horse. If dad ever met the professors, he would have punched them in the nose. I didn’t pick Sunday Silence because of my system.

I picked the horse because of an alumni connection to a man I had never met.

Although there are people more qualified to give Derby tips, like many financial commentators, I won’t let lack of expertise stop me.

I found a book called Racetrack Betting: The Professors’ Guide to Strategies by Peter Asch and Richard E.

I usually win enough money to pay for lunch.

When I go to the track, I don’t look at the racing form, jockeys, past history or pick horses with funny names.

I came to the conclusion that by living in Kentucky, I needed to know how to bet on horses. Quandi.

The professors frown on exactas, daily doubles or any bet that exhibits large risk.

It was written by two statistics professors and not the easiest book to read.

The book bases the ability to pick horses on an economic theory known as the wisdom of crowds.

The professors hate jackpots like the Pick-6.

This Blogger’s Books and Other Items from…

.

The wisdom of crowds concept is really popular now.

My father, a professional gambler, absolutely HATED my betting system.

For whatever reason, my system has failed me at Kentucky Derbies.

I stuck to my system

Sports Betting: How to Bet Parlays

Should the Cubs also win, the bettor has turned a $10 wager into $46. If the bettor places a $10 wager, they essentially would have a $10 bet on the Dodgers +160, which will return $26 should the Dodgers win, and then would have $26 on the Cubs -130. The difference in the payoff is because the Dodgers were not given very good odds of winning.

Are Parlays Good Bets?

The simple answer is no, especially parlays involving point spreads or totals. The odds of the payoff are much less than the true odds. The true odds of hitting a 10-team point parlay are 1,023-1, while the payoff is generally around 600-1, so a parlay bettor is at a big disadvantage.

To read more about parlays, see Parlay Cards, Finding Correlated Parlays or Betting Baseball Parlays.

2 teams 13-5

3 teams 6-1

4 teams 10-1

5 teams 25-1

6 teams 40-1

7 teams 75-1

8 teams 150-1

9 teams 300-1

10 teams 600-1

continue reading below our video

Updated

March 21, 2016.

There are basic types of parlays, those wagered against the point spread and those wagered using the money line. While a parlay made against the point spread assumes a 50-50 chance for each team of winning, money line parlays do not. For example, the true odds of winning a three-team parlay when making point spread wagers are 7-1, while the payoff is only 6-1, and it gets worse as you bet more teams. Simply stated, a parlay is a collection of two or more sides or totals that you bet on and all of them must win in order for you to win your bet. The payoffs a bettor will receive should they win are quite different in the two. All of your bets must win, or at least tie, in order for you to win.

Bettors should stick with straight bets when betting against the point spread or totals as it’s difficult enough to pick one winner, let alone two or more games and the odds you are asked to try and beat are nearly impossible to overcome in the long run.

5 Hobbies That Give Your Brain a Workout.

What this means is that a bettor making a wager on a five-team parlay stands to win $25 for every $1 if all of their games win, while a correct eight-parlay will payout $150 for every $1 wagered. Contrast the $36 profit with the $26 profit a bettor winning a $10 point spread parlay on two teams would make. The ability to win a lot of money for a small bet is the primary reason parlays are popular with a number of sports bettors.

Money Line Parlays

Money line parlays do not use fixed odds, because the odds of winning vary greatly from team to team. In parlays involving point spreads, the payoff are fixed, while money line parlay payoffs are determined by the odds of each team.

Point Spread Parlays

The odds on a typical parlay involving point spreads, including totals, are generally something like:

By Allen Moody

Money line parlay payoffs are calculated on the odds of the game, so there is no advantage or disadvantage in playing them.

Sports Betting – How to Bet Parlays

Parlays are by far the most popular of the exotic wagers, as they offer the potential for a big payout from a small wager. The chances of the a good baseball team with its ace pitcher on the mound defeating a mediocre opponent are going to be greater than 50 percent and the payout if the parlay hits will reflect this.

To put it in simple terms, money line parlays take the amount of your bet and place all of the money on one team and if that team wins, recalculates your bet amount on the next team, again placing your entire wager on that team.

For example, say a bettor likes the Los Angeles Dodgers +160 and the Chicago Cubs -130. If you place a four team parlay, going 3-1 is no different than going 0-4

Newport vs. Newport H2-Which Keen Sandal is Better

The leather Newport with the one piece leather on the side has no seams with thread to come loose so it is much more durable in the long run then the H2 model.

Other people prefer the H2 because their feet do not sweat as much as compared to the leather Newport. The Newport H2 is also designed a little bit different with the midsole. Both of these sandals grip extremely well, even in wet conditions.

If you are a cyclist Keen also makes a sandal designed specifically for you with the Keen Commuter. Keen Newport H2.

There are many great Keen sandals available, as well as Teva and other brands. The leather Newport is designed as a sport sandal, but it is often used as daily footwear for many people regardless of their conditions.

The Keen Newport was the first footwear designed and sold by the Keen shoe company. If you are looking for a cool shoe that can be worn with or without socks that is well ventilated yet also will protect your toes more than a basic pair of flip-flops then take  a look at all the great sandals available by Keen.

The Newport H2 is lighter than the leather Newport, but some people choose the leather Newport over the synthetic upper of the Newport H2 for comfort. The Newport is the foundation that the entire Keen shoe company was built on.

have been all the rage among outdoor enthusiasts they continue to strip market share from other outdoor sandal providers such as Teva. The Keen Newport was the first true sport sandal that was designed to protect your toes.

If you are a cyclist and are not spending a lot of time in the water then the original Newport is the sandal you may choose to purchase. Many cyclists use Keen sandals, but will usually opt for the Newport tor the Newport H2 over the Commuter model sandal.

Do you prefer a lighter sandal or do you like the feel of real leather? Do you get you sandals wet and then rapidly get out of the water or are your feet submerged for long periods of time? Either sandal performs great in the water but the Newport H2 will dry out faster than the Newport. The Keen Newport has a rubber bumper to protect your toes which also works great to shield your toes from the wind if you are cycling in them.

Both sandals are very popular and you really cannot go wrong with each choice. Most people are choosing the Newport H2 over the leather Newport, but you should be happy with either of these Keen sandals.

The Newport H2 is very durable overall, but if you are hard on sandals then you can expect the sewing to loosen on the side after 6 months to a year of heavy wear. Both of these sport sandals break in quickly and will mold to your feet. Both of these Keen sport sandals have their outsoles sipped which helps to provide excellent traction in wet conditions. After reading this then you will have a better idea on the Keen Newport vs. Whether you choose the leather Newport or the lighter weight Newport H2 is usually just a matter of choice.

Some people do not like the rubber nose guard that Keen has on their sandals, but it does protect your toes. The reason many cyclists choose the Newport over the Newport H2 is because of the thread separation problem that occurs on some of the H2 sandals after extreme use. The problem with the Keen Commuter is that it is built way to narrow, even for a cycling shoe. Keen and Teva continue to compete against each other and this benefits everyone who wears sandals. Some Keen sandal wearers swear that the leather is more comfortable than the synthetic upper.

Both the Newport and the Newport H2 are excellent choices in sport sandals. Most people will not experience the separation problem with the Newport H2 but it can happen.

The Keen Newport does not dry out as fast as the Newport H2 sandal, but it is more durable in some aspects then the Newport H2 which has a synthetic upper. You do not have to be a hardcore athlete to enjoy the comfort of these sandals. The Keen Newport first arrived on the market in 2003 and took the outdoor community by a storm. The leather is designed as waterproof so it will resist attempts at shrinking cracking and rotting. Most people are buying the Newport H2, but the Newport is still a great sandal. Here are the 2most popular Keen sandals. The leather, as is the entire sandal, is designed to be submersed into water. The main differences lie in the upper material. Many long time wearers of sport sandals abandoned their Teva or Nike ACG sport sandals for the Newport. The design difference means that the Newport H2 will be lighter in the water. Look at your specific needs and desires in a sport sandal and then decide which Newport Sandal works best for you.

The Keen Newport sports a leather upper that is waterproof. The Newport will retain more water in the EVA midsole so it will feel slightly heavier when you’re in the water and also when you initially leave water and walk around.. Keen advertises that you can wash any of their sandals in the washing machine including the leather Newport.

Sport sandals are nothing new, but in 2003 the unique toe bumper guard was introduced and the shoe became very popular. The Keen Commuter has an SPD insert so you can attach cleats if you like to be “locked in” while cycling. Keen makes a wide variety of sport sandals, hiking shoes, and casual shoes but Keen is best known for their outdoor sport sandals. On the Newport it is one piece of leather where as on the H2 the synthetic upper is stitched into the side which can loosen over time.

Sales of the Newport H2 dwarf the sales of the Newport. The Keen Newport is now in its’ 9th year and is still a huge seller, but the Newport H2 drastically outsells the original Newport.

The Newport and the Newport H2 are very close to being the same shoe. The Newport beats out the Newport H2 in durability because of the side piece. Keen has proven to be one of the most popular sandals on the market and are taking a lot of market share from Teva. The continued eveolution of the basic sandal will continue with new and innovatie features introduced each year.

has proven to be a popular sport sandal that is used for many activities including boating, hiking, sailing, cycling, and many other activities

Unibet Bets on Bingo Using Software from Parlay Entertainment

More brand name companies use Parlay’s leading technology than any other software company in the Internet bingo industry.

About Unibet

About Parlay Entertainment

Parlay has an eight year proven track record built on the success of our clients: In 2005, more than 2.8 million players wagered nearly $2 billion USD on gaming websites that use Parlay software. “With its large, international player base, Unibet is an ideal partner to bring this popular form of entertainment to new markets. Moving forward, Unibet will benefit from Parlay’s multilingual capabilities as it deploys its bingo offering in other countries.”

Unibet Bingo uses Parlay’s new Swedish Variant Bingo software, featuring the five-part game popular in bingo halls throughout Sweden.

“We’re pleased to launch Unibet Bingo which will further broaden our ‘moneytainment’ offer. As the inventor and patent holder of Internet bingo(1), Parlay is the first company in the world to develop and deploy a commercial Internet bingo product. Bingo gives us the opportunity to reach out to new demographics and broaden our customer base as well as the opportunity to cross-promote bingo with our existing suite of products,” said Petter Nylander, CEO Unibet.

The addition of Unibet strengthens Parlay’s multi-national customer base. Parlay is headquartered in Oakville, Canada with offices in Bridgetown, Barbados and Valletta, Malta.

Parlay Entertainment Inc. that are forward-looking. Unibet’s activities are licensed in the UK and in Malta.

More information about Unibet Group plc can be found on www.unibetgroupplc.com

(1) United States Patent No. is the world’s leading developer and dominant licensor of Internet bingo solutions. Unibet is one of the largest privately owned gambling operators in the European market with more than 1.3 million customers in over 100 countries. Registered users can access the game through the Unibet gaming portal at www.unibet.com.

Unibet was founded in 1997 and is an online gambling company with its headquarters in London. Unibet provides services in 20 languages and has initially launched Unibet Bingo in Swedish, with other languages to follow. Today, Unibet has more than 1,340,000 customers in over 100 countries. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements.

OAKVILLE, ONTARIO (Market Wire) –

Parlay Entertainment Inc. There is significant risk that predictions and other forward-looking statements will not prove to be accurate. 6,585,590 “Method and system for operating a bingo game on the Internet”, with other Patent applications pending in other countries.

Founded in 1997, Unibet offers a comprehensive range of online gambling products including sports betting, live betting, casino, poker, lotteries and soft games. Unibet Group plc has been listed on Stockholmsborsen’s O-list since June 2004. (TSX VENTURE: PEI), the world’s leading supplier of Internet bingo solutions, is pleased to announce that Unibet has added Parlay-powered bingo to its offering of online games. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. The addition of online bingo is part of Unibet’s long-term strategy to broaden its product range beyond sports betting.. Our multi-player, multi-platform technology is used to power more online bingo sites than any other software provider in the world. Some of the world’s best-known brands use Parlay Bingo solutions, including Virgin, Yahoo! and MSN.

“Online bingo continues to expand into countries that have a strong tradition of land-based bingo,” said Andrew Branscombe, Vice President of Sales for Parlay Entertainment. The company is one of the largest privately-owned gambling operators in the European market and provides services in 20 languages through www.unibet.com.

The TSX Venture Exchange does not accept any responsibility for the adequacy or accuracy of this release.

For more information on Parlay solutions and services, please visit our Web site at www.parlaygroup.com

This document may contain statements about expected future events and/or financial and operating results of Parlay Entertainment Inc. Parlay Bingo is available in both 75-number and 90-number versions and is complemented by a full suite of lottery and casino games. Unibet is a member of the EBA, European Betting Association and is certified by G4, Global Gaming Guidance Group

Free Fantasy Sports Streak Games and Contests with Cash and Prizes

You do not have to pick everyday, but you must pick once every six days to keep your streak alive.. Other prizes are available for smaller streaks. We have found that during basketball season it was much easier to find a good pick than it has been during baseball season.

Many of the picks are not just picking which team will win. If you get it wrong, your streak resets to zero. Each day you can make one pick from a list of games that Covers.com chooses. If you get your pick correct, your streak goes up. It doesn’t take a lot of time and it is a contest that a smart sports fan has a reasonable shot at winning. My longest streak was seven in a row and my girlfriend had 11 in a row during basketball season. Basketball and football include picking ATS (against the spread), which makes Covers.com the closest thing to actually betting on sports on this list.

Covers.com is a sports betting information website that runs a free streak style contest with a top prize of $100,000.

The ultimate goal is to build a streak of 24 correct picks for the overall grand prize of $100,000. See the table to the right for a breakdown of the prizes.

Only having the option of picking one game a day makes this contest one of my favorites

Sports Betting: How to Bet Parlays

In parlays involving point spreads, the payoff are fixed, while money line parlay payoffs are determined by the odds of each team.

Point Spread Parlays

The odds on a typical parlay involving point spreads, including totals, are generally something like:

By Allen Moody

continue reading below our video

For example, say a bettor likes the Los Angeles Dodgers +160 and the Chicago Cubs -130. Bettors should stick with straight bets when betting against the point spread or totals as it’s difficult enough to pick one winner, let alone two or more games and the odds you are asked to try and beat are nearly impossible to overcome in the long run.

5 Hobbies That Give Your Brain a Workout

To read more about parlays, see Parlay Cards, Finding Correlated Parlays or Betting Baseball Parlays.

Sports Betting – How to Bet Parlays

Parlays are by far the most popular of the exotic wagers, as they offer the potential for a big payout from a small wager. Simply stated, a parlay is a collection of two or more sides or totals that you bet on and all of them must win in order for you to win your bet. If the bettor places a $10 wager, they essentially would have a $10 bet on the Dodgers +160, which will return $26 should the Dodgers win, and then would have $26 on the Cubs -130. If you place a four team parlay, going 3-1 is no different than going 0-4. The ability to win a lot of money for a small bet is the primary reason parlays are popular with a number of sports bettors.

Money Line Parlays

Money line parlays do not use fixed odds, because the odds of winning vary greatly from team to team. For example, the true odds of winning a three-team parlay when making point spread wagers are 7-1, while the payoff is only 6-1, and it gets worse as you bet more teams. The chances of the a good baseball team with its ace pitcher on the mound defeating a mediocre opponent are going to be greater than 50 percent and the payout if the parlay hits will reflect this.

Updated

March 21, 2016.

Money line parlay payoffs are calculated on the odds of the game, so there is no advantage or disadvantage in playing them.

2 teams 13-5

3 teams 6-1

4 teams 10-1

5 teams 25-1

6 teams 40-1

7 teams 75-1

8 teams 150-1

9 teams 300-1

10 teams 600-1

. The payoffs a bettor will receive should they win are quite different in the two. While a parlay made against the point spread assumes a 50-50 chance for each team of winning, money line parlays do not. Contrast the $36 profit with the $26 profit a bettor winning a $10 point spread parlay on two teams would make. The true odds of hitting a 10-team point parlay are 1,023-1, while the payoff is generally around 600-1, so a parlay bettor is at a big disadvantage.

What this means is that a bettor making a wager on a five-team parlay stands to win $25 for every $1 if all of their games win, while a correct eight-parlay will payout $150 for every $1 wagered. Should the Cubs also win, the bettor has turned a $10 wager into $46. The odds of the payoff are much less than the true odds. All of your bets must win, or at least tie, in order for you to win.

To put it in simple terms, money line parlays take the amount of your bet and place all of the money on one team and if that team wins, recalculates your bet amount on the next team, again placing your entire wager on that team.

There are basic types of parlays, those wagered against the point spread and those wagered using the money line. The difference in the payoff is because the Dodgers were not given very good odds of winning.

Are Parlays Good Bets?

The simple answer is no, especially parlays involving point spreads or totals

Sports :: How to Win at Betting: Sports Gambling Winning Percentage, What You Need to Know

At the end of the month, the 55-percent handicapper would have gone 83-67 for a gain of 9.3 units, while the 60-percent handicapper would have gone 18-12 for a profit of 4.8 units, so the 55-percent handicapper has made nearly twice as much.. A winning percentage of 55-percent sure doesn’t sound as sexy as a 60-percent handicapper, but if your volume of plays is high enough, it can certainly be much more profitable.

Making it more difficult for sports bettors is that some sports services will claim to have won 200 units in a particular sport, but don’t mention that they release 10- or 20-unit plays, along with several 100-unit “locks” at the end of the year if things aren’t going so well and they need something to base next year’s advertising on.

The only statistic that sports bettors should be concerned with is units won, which is the amount of profit, or loss, they have over time, and not worry nearly as much about winning percentage. In the question above, it would be much better to be a 55-percent handicapper if you were playing 150 games a month, as opposed to a 60-percent handicapper playing one game a day. If somebody were to ask you if you would rather be a 60-percent handicapper or a 55-percent handicapper, which would you choose? The obvious answer is that it’s better to be a 60-percent handicapper, but that isn’t necessarily true.

With baseball season coming back in about 4 months, many sports gamblers will be seeing ads from different sports services claiming winning percentages of 65-percent for baseball, and that’s entirely possibly, but what the services aren’t saying is that the majority of their selections were favorites of -200 or more, turning that 65-percent handicapping into a losing proposition.

The 55-percent handicapper is using what is commonly referred to as the Wal-Mart Approach, which is to have a lot of volume with the expectation of grinding out a small profit. And as is the case with the Arkansas-based giant, many times this will be more profitable than being extremely selective and doing a small amount of volume, even if the mark-up is higher.

For the bettors that do their own handicapping, however, units won is really the only thing you should be concerned with, as that ultimately is going to translate into the bottom line

Internet Gambling Facts and Problems

For more on this, you must read about the impact of Internet gambling. However, there is no evidence to prove this, as casinos and race tracks are a more common and prominent reason behind the rise in money laundering.

Problems

Internet gambling, as most of us know, is any form of gambling that makes use of the Internet. Your favorite game is just a few clicks away.

The problems with Internet gambling mainly include the risk of addiction and that of the emergence and spread of illegal practices in society.

? Internet gambling lacks a centralized regulation. The Fifth Circuit Court of Appeals of the United States has proclaimed that the Federal Wire Act applies only to sports betting.

? In 2004, Google and Yahoo! declared the removal of online gambling advertisements from their websites.

? An excessive exposure to Internet gambling activities can lead to addiction. The lack of regulation makes online gambling a prey to network hackers. Lacking regulation, these sites are vulnerable to attacks by network hackers. And it results in a splurge of money that can rather be utilized for better reasons.

? Gambling activities that involve online money transactions are a greater risk. One instance of winning money is sufficient to tempt a user to bet more. A few occurrences of winning good amounts of money is enough to lure him into risking more. People who have never gained any exposure to land-based casinos or local bookies find online gambling enjoyable. It can lead to addiction among youngsters. Users can sign up to their websites and bet money through electronic transactions. It leads to a waste of resources (time and money). But one cannot get lucky every time. Once lured by the money that can be made through such activities, it’s not unnatural for a user to get addicted to this form of gambling. A majority of children and youngsters are attracted to online gambling.. Hackers gain easy access to confidential information of the users.

One of the major Internet gambling problems is its detrimental effect on society. With one’s money involved, there is also a risk of one’s financial or account information being hacked.

? Gamblers seen around the world can be classified under a few basic categories.

? The Interstate Wire Act of 1961 is a federal law of the United States that prohibits the operation of certain kinds of betting practices in the country. In this case, it can lead them to compulsive gambling wherein a person feels compelled to engage in gambling activities for which he/she sacrifices his family and career.

? It is said that money-laundering activities are common in case of online gambling. One of the most important advantages of Internet gambling is that it does not require you to leave your home. Losing big money results in heavy financial losses, which can in turn lead to frustration.

? In most members of the European Union and the nations that surround the Caribbean Sea, different forms of Internet gambling are legalized.

? It is commonly believed that there are higher chances of people getting addicted to Internet gambling than to other forms of it. There are various Internet gambling companies that offer users the option to play games and gamble online. Online casinos, online poker, online sports betting, among others, are some of the common forms of Internet gambling. As no government authority regulates online gambling, it can lead to the spread of several illegal practices. However, if one is to think about the waste of productive time that online gambling results in, and the other problems that it can lead to, it becomes clear why one should stay away from online gambling or at least restrict the time spent on it.

Facts

? The Internet gambling industry is one of the most profitable ones today. In an attempt to win more and more money, one continues staking it, even thoughtlessly at times. For professional gamblers, it is their major source of income.

Casual social gamblers engage in gambling activities for the purpose of entertainment.

Serious social gamblers involve in gambling with great sincerity and may end up spending huge amounts on it.

? Some gamblers engage in gambling activities for escaping from the stress in their life

Online Betting Is Booming, Despite Critics

“This sort of business, when it comes in the form of bricks and mortar, brings in economic development in the form of jobs and taxes — Internet gaming does none of those things.”

“This is a global marketplace,” says Sinclair. 3125), a bill that prohibits gambling businesses from taking bets or wagers over the Internet, in order to toughen its language and alter its exceptions.

“Prohibition didn’t lower the consumption of alcohol,” says Albe Angel, head of public policy at the Interactive Gaming Council. 4419, is designed to stem the flow of funds to Web-based wagering sites by prohibiting the use of credit cards or other financial instruments for Internet gambling transactions. That’s because efforts by lawmakers to fight to outlaw the expanding Internet-based gambling industry have so far come to naught.

The trade group that represents the commercial casino entertainment industry disagrees with that assessment. Richard Bryan, R-Nev., recently speculated, some big Nevada casino companies might be tempted to launch their own Web-based gaming operations.

Growth Amid Legislative Inaction

Starrs remains concerned that U.S. laws won’t mean he’ll be closing up shop.

“They think that this bill will stop people with credit using these sites,” says Sebastian Sinclair, an Internet analyst at investment bank Christiansen Capital Advisors in New York. “Other first world countries are considering changing their gaming laws to allow for online gaming so the United States could find itself out-of-sync with other countries as the market continues to grow.”

Global Gamble

Another anti-gaming bill’s prospects are also in doubt, say experts.

For its part, the Interactive Gaming Council, which represents Internet-based casino companies and companies like Starrs’, likens the prohibition of Internet gaming to the prohibition of alcohol. “The United States government is missing the big picture here.”

And in the absence of such laws, say observers, Internet gambling has flourished.

Starrs is president of Antigua-based Starnet Systems, one of a number of Internet gambling operations that have increasingly come under the scrutiny of U.S. laws to do away with gambling on the Net could harm his company, which licenses customized Internet gaming software to 60 Web-based gaming operations that derive about $2 billion from wagers placed in the United States.

“The gaming market is changing and the biggest area of growth is in places like Europe and Asia,” says Starrs. legislators consider the legality of online gaming, experts say that the business is flourishing overseas.

Explosive Growth, Unchecked by Law

And if Congress is not able to tie up anti-gaming legislation soon, Sen. “We believe that the efforts of legislators to limit people’s rights to gamble online and short-sighted and inappropriate, and we think there ought to be a way for responsible companies to offer online wagering as a regulated product.”

The association has strongly opposed Internet-based casinos, arguing that those running offshore gaming sites are evading state taxes, licensing requirements and regulations, all of which apply to conventional bricks-and-mortar establishments.

It might a legal gray area in the United States, but online gaming is still legal in many parts of Europe, Australia and the Caribbean. Accoring to John Shelk, vice president of the American Gaming Association in Washington, D.C., the mounting legal barriers will make it difficult for casino companies to get into online gaming.

And for Starrs, whose company supplies around 40 percent of the world’s online gaming operations, even prohibitive U.S. “They are doing the same thing as the big entertainment companies like Disney tried to do when the VCR came out,” Sinclair says. “They thought that people wouldn’t go to theaters anymore, but they did keep going to see movies and now the video has become a whole new revenue source for the entertainment industry because it’s a different product.”

Lack of Jobs, Taxes Cited

The number of Web-based gaming site users in the United States grew to 5.2 million in the first quarter of this year, up from 3.4 million in the third quarter of 1999, according to Cyber Dialogue.

Despite the anti-gaming efforts, the use of gambling Web sites continues to rise, says Ed Lopez, an analyst at Cyber Dialogue, an Internet services and research firm based in New York.

Online gaming — operated mostly by offshore, unregulated companies — has grown at an explosive rate. The measure, H.R. Instead, the association is pushing for establishing the online gaming industry as a regulated business.

But so far, legislators have remained unable to push through Congress any substantial measures to curb Web wagering.

Anti-gaming legislation, citing the dangers of addiction, crime and consumer debt, first made its way before Congress in early 1997. After working its way through the House at a snail’s pace, those those legislative efforts have recently become sidetracked.

While U.S. There are now over 250 online casinos, 64 lotteries, 20 bingo games and 139 sports books in operation on the Internet, according to the National Gambling Impact Study Commission.

“Our concern is that gaming regulations in each state will be overruled,” says Shelk. lawmakers who would like to put online gaming out of business.

Bills Sidetracked in Congress

Ed Starrs may be a gambling man, but his latest bet has him worried.

Such restrictions simply mean he’ll concentrate his efforts in the rapidly expanding overseas market for Internet gaming, in particular nations like Europe and Australia, where the regulatory environment is much more friendly.

But he appears to have little to fret over, at least for now. Most online gambling sites accept payment via credit card or let you wire cash electronically.. Indeed, the global online gaming market has the potential to grow to $10 billion by 2002, according to Internet research firms Frost & Sullivan and Datamonitor.

And by backing the outlawing of online gaming, the established casino industry is very shortsighted, Sinclair says. “But these companies will simply open an account for consumers at an offshore bank.”

In late June, Christian activists and conservatives pressured House Republican leaders into withdrawing the Internet Gambling Prohibition Act (H.R