Bookmaking

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In this podcast the good guys investigate the world of sports gambling and bookmaking.  Bookmakers or bookies are market managers for sports wagering and knowing how to talk like one will definitely set you apart from the crowd the next time you discuss sports gambling!  From terminology to crazy bets to legality, we cover it all!  Now let’s go make some money!!!

Legal gambling in the Unites States:
STATE Charitable Pari-mutuel Lotteries Commercial Indian Racetrack
District of Columbia Yes No Yes No No No
Alabama Yes Yes No No Yes No
Alaska Yes No No No Yes No
Arizona Yes Yes Yes No Yes No
Arkansas Yes Yes Yes No No No
California Yes Yes Yes No Yes No
Colorado Yes Yes Yes Yes Yes No
Connecticut Yes Yes Yes No Yes No
Delaware Yes Yes Yes Yes No Yes
Florida Yes Yes Yes No Yes Yes
Georgia Yes No Yes No No No
Hawaii No No No No No No
Idaho Yes Yes Yes No Yes No
Illinois Yes Yes Yes Yes No Yes
Indiana Yes Yes Yes Yes No Yes
Iowa Yes Yes Yes Yes Yes Yes
Kansas Yes Yes Yes No Yes No
Kentucky Yes Yes Yes No No Yes
Louisiana Yes Yes Yes Yes Yes Yes
Maine Yes Yes Yes Yes No Yes
Maryland Yes Yes Yes Yes No Yes
Massachusetts Yes Yes Yes No No No
Michigan Yes Yes Yes Yes Yes Yes
Minnesota Yes Yes Yes No Yes Yes
Mississippi Yes No No Yes Yes No
Missouri Yes No Yes Yes Yes No
Montana Yes Yes Yes No Yes No
Nebraska Yes Yes Yes No Yes No
Nevada Yes Yes No Yes Yes No
New Hampshire Yes Yes Yes No No No
New Jersey Yes Yes Yes Yes No Yes
New Mexico Yes Yes Yes No Yes Yes
New York Yes Yes Yes No Yes Yes
North Carolina Yes No Yes No Yes No
North Dakota Yes Yes Yes No Yes No
Ohio Yes Yes Yes Yes Yes Yes
Oklahoma Yes Yes Yes No Yes Yes
Oregon Yes Yes Yes No Yes No
Pennsylvania Yes Yes Yes Yes No Yes
Rhode Island Yes Yes Yes No No Yes
South Carolina Yes No Yes No No No
South Dakota Yes Yes Yes Yes Yes No
Tennessee No No Yes No No No
Texas Yes Yes Yes No No Yes
Utah No No No No No No
Vermont Yes No Yes No No No
Virginia Yes Yes Yes No No No
Washington Yes Yes Yes No Yes No
West Virginia Yes Yes Yes Yes No Yes
Wisconsin Yes Yes Yes No Yes No
Wyoming Yes Yes No No Yes Yes

2012!

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Happy New Year all. So as one nerd from work pointed out to me, the world isn’t set to end until the END of 2012, but I still thought it would be fun to take a look back at some of the crazy predictions and hypes that the media has kind of exaggerated during our lifetimes, and looked at what actually happened after these outlandish predictions were made.

1. Y2K

– I realize some of our listeners hadn’t yet reached the age of reason in 1999, but Y2k was going to be the end of the world. It was all based on the fact that in the 70s when computing and software were in their infancy, disk space and memory was at such a premium, that many developers chose to represent dates with two digits instead of four. e.g. 1997 would be represented as simply 97. So people freaked out that shit would hit the fan when things clicked over from 99 to 00 in 2000. People  thought planes would be crashing because their navigation systems thought it was 1900, banking as we know it would cease to exist, and there would be overall chaos.

Take a look at what the red cross recommended you should do to prepare. It’s a bit of overkill in hindsight but at the time was seen as pretty reasonable. What really happened? Not a whole lot. Some slot machines malfunctioned, and some websites displayed the wrong date. Not that big of deal.

2. Swine Flu (And other medical pandemics)

In 2009, the WHO elevated H1N1 to phase 6 which meant the flu had spread worldwide. This didn’t necessarily mean that the disease was severe or would kill you, it more related to the fact that it spread to many countries. But the media ran with it anyway and we were all going to die. What really happend? Well about 14000 people worldwide died from H1N1. Which sounds like a lot until you compare it to the mortality rate of the straight up regular flu season that happens every year, were approximately 340 Million to 1 Billion people are infected, and up to 500,000 die of complications relating to the flu!

3. Environmental Catastophe

So this is a pretty hot topic all the time right? I don’t even want to debate the validity of anthropomorphic climate change, but just want to think about some of the claims that were made long ago and see if the predictions actually came to fruition. So I looked at a couple claims and how the media appears to have exaggerated them a bit.

– Al Gore in 2006 told Katie Couric that oceans were going to rise 20 feet by 2010 and the US, Asia, and Africa would become vast deserts if nothing was done. What actually happened? Well obviously the coast is not underwater, so clearly this didn’t come true.

-I also looked at a prediction by the IPCC in 1990 that agricultural production would be significantly affected by global warming in countries that were particularly vulnerable like Brazil, China, and several African countries. In reality, many of these countries have increased agricultural production significantly, so this is a good example of how even expert scientists can be bad at predicting long term changes.

4. The Segway (coming soon)

5. Apocalypse predictions (coming soon)