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

The Best Horse Racing Books

Ragozin doesn’t give away the store here, but there’s still plenty of good information as well as an enjoyable read for horse racing fans.

Betting Thoroughbreds by Steve Davidowitz

For my money this is the best general handicapping book ever written, and a great place to start for novices looking to expand their knowledge as well as more seasoned players looking to move up. A great book to dip into when a losing streak has you looking for new ideas.

. I’ve spent countless happy hours with this book revisiting some old friends as well as learning about the greats before my time. Davidowitz gives a solid treatment of virtually all aspects of handicapping from speed and pace handicapping to workouts, conditioning, trainers, pedigree, and betting strategy. Beyer on Speed gives a solid overview of how speed figures are made as well as how they might be employed for betting success. Not a great place to start for the novice, but well worth reading for more experienced players.

Exotic Betting by Steven Crist

Most of the best handicapping books were written before exotic betting came to dominate the mutual pools, and this has left a big hole in the literature for horseplayers seeking the big score. Crist is a pick six specialist, and his treatment of how to use multiple tickets to tackle that difficult bet is well worth the price of the book.

Horse of a Different Color by Jim Squires

A great account of what it’s like to be a small time breeder by Jim Squires, the former Chicago Tribune editor turned thoroughbred breeder who hit the big time when he bred the Kentucky Derby winner Monarchos.

Money Secrets at the Racetrack by Barry Meadow

Many consider this the best book ever written on money management and the mathematical aspect of value betting and exotic betting. Sadly, several of the books mentioned here are out of print, but they can often be found on ebay or at abebooks. He also provides a figure method for the turf based on late speed as a deciding factor.

Commonsense Betting by Dick Mitchell

Winning at the track takes more than good handicapping. Meadow is a serious player and the information here is rock solid.

My $50,000 Year at the Races by Andrew Beyer

Andy Beyer always delivers a good read, and this account of his home run year of 1977 when he beat the races for 50 large while splitting his time between Gulfstream Park and the Maryland tracks is one of my favorite racing books ever. Nack gives us a ring side seat for all the twists and turns leading up to his incredible Triple Crown Campaign. Here are my choices for the best horse racing books.

Handicapping Books

Secretariat: The Making of a Champion by William Nack

Nack is a long time Sports Illustrated writer who had unprecedented access to the great Secretariat and his connections during “Big Red’s” amazing career. In addition to an excellent chapter on money management, Mitchell teaches you how to calculate the cost of any exotic wager, make an odds line, as well as how to know when a bet is offering value on the tote board.

Handicapping Magic by Michael Pizzolla

There haven’t been a lot of additions to the body of handicapping knowledge since the glory days of the 70’s and 80’s, but former Sartin disciple Pizzolla at least contributes something new with his Balanced Speed Ratings and Fulcrum Pace. If you’ve ever wanted to know about feet-per-second calculations, early, late and sustained pace, decision models, track profiles and all the other tools of high-tech pace handicapping, this is the place to start.

What are the best horse racing books?  Horse Racing has an excellent body of literature that surpasses most sports in its quality and variety. The book is more notable for its exiting narrative than its handicapping secrets, but speed figures and track bias played a large part in his success.

Stud: Adventures in Breeding by Kevin Conley

A behind-the-scenes look at the world of high-class breeding, where millions of dollars are at stake, and wealthy breeders roll the dice as they “breed the best to the best and hope for the best.” Conley gives as a look into the breeding life of the great sire Storm Cat, as well as the Godolphin breeding operation, where Dubai’s Sheikh Mohammed bin Rashid Al Maktoum spends tens of millions trying for that elusive Derby winner

The Race for the Triple Crown by Joe Drape

New York Times writer Joe Drape gives an excellent history of a year on the Derby Trail among the high class stables of New York, a world far removed from the scrape-along lifestyle at most race tracks.

General Interest Horse Racing Books

The Odds Must Be Crazy by Len Ragozin

Ragozin is the creator of the famous “Sheets” performance figures (which some consider a bargain at $25 a pop), and this autobiography cum handicapping tome gives a broad overview of how the numbers are created as well as how their users employ pattern matching to find live horses that may offer solid value in the mutual pools. I particularly enjoyed Ragozin’s war stories about his experiences as a horse owner and bettor (he and his partner Len Friedman have poured millions into the parimutuel pools over the years). I’ve divided this article into two sections, one focusing on handicapping books, and the other on more general interest books. My favorite part of the book details Beyer’s expedition into the virgin territory of Australian racing, where he attempted to use his figures to conquer the fat betting pools down under.

The Best of Thoroughbred Handicapping by James Quirin

Quinn was the most prolific of handicapping writers in the 80’s and 90’s. Beyer always interleavens his handicapping books with lots of good stories that bring out the magic of the track from the bettor’s point of view.

Modern Pace Handicapping By Tom Brohammer

If you only read one book about pace handicapping, this should be the one. A must for every horseplayer’s bookshelf.

Laughing in the Hills by Bill Barich

Barich is a terrific writer, and here he gives a wonderful account of bumming around the Northern California racing circuit in the late 1970s, marking time and getting to know the colorful denizens of the Golden Gate Fields backside.

Speed Handicapping by Andrew Beyer

By the time this was written in 1993, speed figures had lost most of their value in the parimutuel pools, but Beyer is nothing if not a die hard figure player. The focus here is on non-fiction books, although there’s no shortage of fictional horse racing books. Cramer virtually invented the idea of unconventional handicapping as a way of uncovering hidden value, and here he offers ways to use pedigree handicapping, company lines, and other contrarian methods to beat the speed handicappers at their own game.

Champions by Daily Racing Form Staff

An awesome collection of lifetime past performance for every eclipse award winner since the 1890’s. A great portrait of the greatest horse of all time.

Figure Handicapping By James Quinn

As the title suggests, speed and pace figures are the focus here. Crist, an executive and columnist with the Daily Racing Form, has ably filled that hole with this book, which offers some solid strategies for tackling both single and multi-race exotics. A meticulously researched account of Seabiscuit’s rags to riches story, as well as that of his owner, trainer, and jockey.

The Winning Horseplayer by Andrew Beyer

Written in 1983 it’s still an excellent introduction to trip handicapping and how to relate trips to speed figures. This book covers speed and pace figures, Quirin Speed Points, pedigree handicapping on the grass, even trip handicapping. I can’t imagine a horse racing fan who won’t enjoy paging through this book.

Seabiscuit: An American Legend by Laura Hillenbrand

A book that hardly needs an introduction, given the sensation it made when published. It also requires solid money management, and that’s where Commonsense Betting comes in. In this book, recently republished by DRF Press, he brings together a comprehensive overview of most aspects of modern handicapping theory. Quinn gives an introduction into how figures are made, as well as their application as part of the general handicapping process. MPH contains a complete overview of the classic Sartin Methodology by its best-known (and perhaps most successful) practitioner. There’s something about the beauty of the thoroughbred and the color of the backstretch that brings out the lyrical side of many writers. The information is certainly a bit dated, but there’s still lots of good food for thought considering the book was published 25 years ago.

Kinky Handicapping by Mark Cramer

Cramer is one of the most entertaining and thought-provoking handicapping writers there is, and Kinky Handicapping is his magnum opus. Thoroughbred Handicapping State of the Art by William Quirin

Quirin was among the first to do a major computer study of American horse racing

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As PCs decline, Microsoft betting its future on the cloud

That growth, combined with increases in revenue from Windows software licenses and other key segments, helped offset a big decline in revenue from the Nokia smartphone business that Microsoft largely shut down last year.

For Microsoft, meanwhile, cloud computing has been the company’s biggest source of growth in recent quarters. Analysts say the timetable was probably slowed by a continued slump in global PC demand, as well as Microsoft’s failure to persuade consumers to buy Windows-based phones.. Increasingly, that’s also true for big companies like General Electric and Boeing, which provide online data and other services for their commercial customers, and which recently signed deals to move some of those services to Microsoft’s cloud.

Amazon pioneered the cloud business almost 10 years ago, when the online retailer began renting out unused capacity on its own servers. The company’s stock was up about 4 percent in after-hours trading Tuesday following the earnings report.

For consumers, competition in the cloud-computing industry could mean their favorite social media site or streaming entertainment app doesn’t depend on a single company to keep its service running. But sales from the “More Personal Computing” segment fell 4 percent. Estimates vary, depending on how you define “cloud computing,” but analysts at Synergy Research Group say Amazon still has more than 30 percent of the market, while Microsoft has grown to 10 percent — partly on the strength of Microsoft’s promise that its cloud services are compatible with Microsoft software that customers already have on their own computers.

SAN FRANCISCO (AP) — In a world where there’s a smartphone app for everything, one company __ Amazon.com Inc. The competition could mean lower prices and more innovation, both for businesses that buy cloud-computing services and for consumers who use popular apps — from Netflix to Pinterest and Airbnb — that run in the cloud.

Revenue from the division that includes Microsoft’s Office productivity software was up 5 percent. — has long been the host for an outsized share of online software and computing services.

In a rare concession, Microsoft signaled last week that it was backing off its stated goal of getting Windows 10 on a billion devices by 2018. That helped boost Microsoft’s overall sales to $22.6 billion, after adjusting for deferred revenue, for an overall increase of 2 percent.

Microsoft still relies heavily on the PC business, and it’s been aggressively promoting Windows 10, the latest version of its operating software for PCs and other devices. It’s helped drive up Microsoft’s stock price by 15 percent over the last year, despite sluggish sales of PC software and the near-collapse of its floundering smartphone business. Like Microsoft, IBM reported this week that its cloud revenues increased in the last quarter, despite a broader decline in its traditional software business.

Nadella has poured billions of dollars into building new data centers around the world, hoping to position Microsoft as the leading alternative to Amazon in selling online computing power — housed in remote centers or “clouds” — to internet startups and big corporations, as well as consumers.

If Amazon has been the undisputed king of the cloud, analysts say Microsoft, Google and a few other tech giants are emerging as rivals.

“Some companies will want to work with multiple cloud providers, so if anything goes wrong, they have redundancy,” said Frank Gillett, a tech analyst with Forrester Research.

Some investors worry the cloud business isn’t as profitable as selling traditional software, since the latter didn’t require massive spending on data centers. But Nadella has positioned Windows 10 as part of a broader software ecosystem that includes money-making online services like Skype and the ad-supported Bing search engine.

IBM and Google have 7 and 5 percent, respectively. reported Tuesday that its Azure cloud-computing business more than doubled in sales last quarter, compared with a year earlier. The latter includes licensing fees that PC makers pay for Windows software, which saw an uncharacteristic increase, offset by declining revenue from smartphones and Xbox consoles.

As evidence the investment is paying off, Microsoft Corp. But cloud computing is “the area that offers the highest potential for the entire company to grow its way out of a very mature PC business,” said Dan Morgan, senior portfolio manager at Synovus Trust, which holds Microsoft shares.

Microsoft CEO Satya Nadella wants to change that.

Results from Microsoft’s latest quarter underscored that trend. But Microsoft’s “Intelligent Cloud” division — which includes Azure and some software that customers use in their own data centers — reported revenue of $6.7 billion, up 7 percent from a year earlier. The company doesn’t disclose revenue for its Azure cloud computing service by itself

Adelson-Backed Online Gambling Bill Splits GOP At Hearing

On Wednesday, Chaffetz and Goodlatte both claimed that RAWA was, in fact, a pro-states’ rights bill, because the gambling ban protected the rights of states to prevent any gambling within their borders. Texas Republican Ted Poe warned that a sweeping ban on Internet gaming could create a black market for online gambling, much like Prohibition created a black market for alcohol.

As with many congressional hearings, the experts who testified at the RAWA session did little to sway the members who attended.

Even with Adelson’s outsized influence, Wednesday’s hearing cast fresh doubts on RAWA’s chance of success, as lawmakers from both parties expressed concerns that the bill may force Internet gaming offshore, where shady websites operate with virtually no regulation.

“It’s important for states such as Utah and Hawaii, where we have no gaming, to have the ability to protect ourselves from something that we would not like to see within our borders,” said Chaffetz, citing the only two U.S. states that prohibit all forms of gambling. Bob Goodlatte (R-Va.) is a longtime opponent of expanding legalized gambling.

The next steps for Chaffetz and other RAWA supporters are to schedule a markup of the bill, then vote it out of committee and send it to the full House. House Judiciary Committee Chairman Rep. The bill’s sponsor, Rep.

In the House, however, RAWA enjoys the support of top Republicans. Since it was introduced last year, RAWA has been championed almost singlehandedly outside Congress by casino magnate and GOP mega-donor Sheldon Adelson, whose army of lobbyists have made clear that the bill is a top priority. Unlike the last session of Congress, when RAWA backers faced pressure to insert the ban into a must-pass omnibus spending package before the end of the year, there are no time constraints this time. Two other witnesses — Andrew Moylan, executive director of the free-market think tank the R Street Institute, and Parry Aftab, executive director of the Internet-safety coalition Wired Safety — opposed RAWA.

WASHINGTON — After months of delays, a controversial bill to ban online gambling received a hearing from a House Judiciary subcommittee on Wednesday, pushing it closer to a vote that may divide the GOP and test Republicans’ loyalties to one of the party’s biggest donors. John Conyers (D-Mich.), ranking member of the Judiciary Committee. Adelson, chairman and CEO of Las Vegas Sands Corp., spent about $150 million in 2012 to fund Republican candidates and conservative groups. Lindsey Graham (R-S.C.), to abandon plans for a Senate hearing.

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“States should be allowed to decide this question for themselves, and we should not take any action that would overturn such state laws,” said Rep. Other members worried that RAWA trampled the rights of states to regulate online gaming within their borders.

The Restore America’s Wire Act, or RAWA, would impose a federal ban on all Internet gambling, including online state lotteries and poker. Jason Chaffetz (R-Utah), chairs the powerful House Oversight and Government Reform Committee. In the fall of 2014, vocal opposition to the bill from thelibertarian wing of the GOP eventually forced RAWA’s chief backer in the Senate, Sen. “It should be somewhat easier with less pressure than [last session] because obviously, it’s a more wide-open timeframe,” Abboud said.

This isn’t the first time RAWA has run afoul of states’ rights advocates. In January, Adelson personally met with House Speaker John Boehner (R-Ohio) and members of the Judiciary Committee to lobby for the bill’s passage. They included three witnesses who supported RAWA — John Kindt, professor emeritus at the University of Illinois School of Law; Les Bernal, national director of the Stop Predatory Gambling Foundation; and Michael Fagan, an adjunct professor at the Washington University School of Law.

Speaking to the industry publication Gambling Compliance earlier this year, Adelson’s chief lobbyist Andy Abboud said the relaxed timeline would bode well for RAWA

A Beginners Guide To Betting On Greyhound Racing

Online betting sites with “racebooks” set the greyhound racing betting odds.

The odds are available through the race and are created by the sports books. It is important to realize that the odds given for the race are accurate and the odds makers have years of experience in determining the results of the race and therefore the odds should be considered accordingly.

Many online racebooks allow the bettor to take part in betting practices without actually being in the local area, as they can showcase the matches online with the use of the streaming video that can be presented to clients, allowing the clients to watch the races that are being bet on, with ease.

Choosing between the many greyhound racing websites that are available is simple, when the reputation of the website is compared with the races and the bets that can be made.

. These odds are going to determine the likelihood of a certain dog coming in a certain place through the race.

Using the odds and learning about the dogs and the specifics of the sport can be a great way to get into greyhound racing betting online.

The important odds to consider are the first, second and third for most bets that are being made. Many times, these prizes are outlined with the bet that is being made, allowing even beginners to determine the potential prize that is available with the bet that has been made.

As one of the most popular types of animal racing in the world, greyhound racing betting has many different types of bets that can be made with many different types of outcomes. How can you determine what the prize will be once the bet has been made? The prize that will be given to the successful bettor depends on two factors; the amount that has been bet and the odds that are placed on the bet that has been made.

Using these two factors, greyhound racing betting sites will determine the prize that is going to be awarded. There are often multiple dogs that are involved in the race and the bets are made on the position that the dogs are going to arrive over the finish line