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164 pages

English

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The most comprehensive reference book on sports betting on the market with over 500 cross referenced entries. It explores the phenomenal growth of sports betting, the terminology, systems, and theories as well as scams, scandals and coups scattered throughout its history.

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Publié par	eBookPartnership.com
Date de parution	31 décembre 2013
Nombre de lectures	0
EAN13	9781783012893
Langue	English
Poids de l'ouvrage	1 Mo

Informations légales : prix de location à la page 0,0250€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

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What are the Odds?
An A-Z of Sports Prop Betting
Over 500 entries detailing the Stories, History, Law, Theories, Personalities, Slang, Word Origins, Terms, Trivia, Games, Legends, Scams, Stings, Scandals, Coups, Winners....and Losers.
Liam O Brien
2014 Liam O Brien
Liam O Brien has asserted his rights in accordance with the Copyright, Designs and Patents Act 1988 to be identified as the author of this work.
First published in eBook format in 2014
ISBN: 978-1-783-01289-3
All rights reserved under International and Pan-American Copyright Conventions. By payment of the required fees, you have been granted the non-exclusive, non-transferable right to access and read the text of this e-book on-screen. No part of this text may be reproduced, transmitted, downloaded, decompiled, reverse-engineered, or stored in or introduced into any information storage and retrieval system, in any form or by any means, whether electronic or mechanical, now known or hereinafter invented, without the express written permission of the Publisher.
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The page references in this index correspond to the printed edition from which this eBook was created. To find a specific word or phrase from the index, please use the search feature of your eBook reader.
Other books by Liam O Brien
What s the SP? Betting on Racing: An A-Z
You Bet! An A-Z of Poker, Casinos and Lotteries
Don t Bet the Farm The Encyclopedia of Betting and Gambling
Contents
Copyright Page
Other books by Liam O Brien
Introduction
Chronology
Start
Bibliography
Notes
Introduction
Sports Betting is a catch-all description which usually describes betting on all sports except horse and greyhound racing. This book takes a wide angled definition of the genre and covers related areas such as political and prop betting. In the UK, football is by far the largest sports betting category followed by golf, rugby and cricket. Its share of the market compared to racing has been growing slowly since the 1960s but exploded in the 1990s when the balance altered dramatically largely due to the introduction of satellite TV and the accompanying growth of live sports coverage. The key difference between betting on sports and racing is that the former was not created to service betting, it will survive perfectly well without it whereas horse and greyhound racing will not. However, bookmakers often prefer sports betting because unlike horse racing there is no betting levy to pay to the various sports organisations.
The traditional betting landscape which we had been accustomed to has changed beyond all recognition as we move further into the 21 st century. The lines of demarcation are becoming increasingly blurred; traditional betting shops now resemble mini-gaming emporiums, mobile phones are portable gambling devices and the internet brings thousands of online bookmakers into people s homes. Betting exchanges get people from opposite sides of the world betting against each other without them having to leave their bedrooms. All this is happening against a background where betting on sport is attracting an ever increasing share of a global gambling market which is itself growing all the time. Alongside this comes a dark side with the number of stories associated with match fixing also escalating.
The idea of state monopolies or illegality is becoming increasingly irrelevant unless the state is prepared to take extreme action against online transactions as has happened in the United States with the UIGEA legislation. Whether this can be an effective long-term policy is questionable because a recurring element throughout the history of sports betting and indeed gambling in general has been its adaptability. As technology evolved from the printing press to the telegraph to the telephone and to the internet, gambling found another niche. If it was made illegal, it either went underground usually with far more negative consequences or it simply moved elsewhere. Organised sports betting may indeed be playing an increasing role in the gambling industry but nevertheless for most of us it remains a minor leisure activity, a combination of entertainment, escapism, luck and sometimes skill. For those who see it as an integral part of their life, there should be only two choices; either get good at it or quit. This book mightn t help you do either but it will take you on a rollercoaster journey through the in and outs and ups and downs of the world of sports betting.
Chronology
1541 The Bill for maintaining Artillery and Debarring unlawful Games bans many betting games including bowling and tennis apart from during Christmas.
1591 Pope Gregory XIV threatens excommunication for anyone betting on the election of a new pope.
1657 Cromwellian parliament passes legislation that allowed the loser of a bet to sue for twice the amount lost.
1663 The first book on probability theory, Liber de Ludo Aleae ( Book on Games of Chance ) by Gerolamo Cardano is published.
1664 First specific anti-gambling law in Britain as Parliament passes An Act against Deceitful, Dishonest, and Excessive Gaming .
1674 The Compleat Gamester by Charles Cotton, the first gambling book in English is published.
1710 Parliament legislates that losers of bets of more than 10 can sue the winners.
1774 The Life Assurance Act outlaws betting on other people s death.
1828 Accumulator betting popularised by club owner Richard Crockford.
1845 Gambling debts can no longer be recovered by legal action in the UK.
1853 Betting and Gaming Act makes off-course cash betting illegal.
1866 First American bookmaker sets up business in Philadelphia.
1874 Gambling related advertising outlawed in the UK.
1904 Dixie Kid v Joe Walcott World Welterweight title fix.
1911 British bookmakers forced to close offshore bases in the Netherlands.
1913 Pascoe Bioletti bribery attempt.
1915 Liverpool / Manchester United fixed game leads to life bans for seven players.
1919 The Black Sox Scandal; Chicago White Sox throw baseball s World Series.
1923 Football pools launched in Britain by Littlewoods.
1931 Nevada re-legalises gambling opening the door for Las Vegas to become a gambling centre.
1933 Primo Carnera / Jack Sharkey fight fix.
1947 Brooklyn Dodgers coach Leo The Lip Durocher suspended for associating with gamblers.
1951 CCNY basketball point shaving scandal.
1955 Japan bans bookmaking.
1956 Gamblers Anonymous founded.
1958 Baltimore Colts v New York Giants NFL Championship betting controversy.
1960 The Betting and Gaming Act legalises off-course cash betting in the UK.
1961 Jack Molinas Basketball match fixing scandal.
1964 Jimmy Gauld match fixing syndicate uncovered in English football.
1970 Baseball pitcher Denny McClain suspended for criminal gambling associations.
1974 IG Index, the World s first spread betting company is founded in London.
1978 Boston College basketball point shaving scandal.
1980 Totonero Affair rocks Italian football.
1981 England win the Headingly Ashes Test at 500/1.
1983 Hungarian football match fixing scandal.
1989 Baseball coach Pete Rose gets life ban for gambling.
1991 The Hole in One Gang golf betting coup.
1992 First dedicated sports spread betting company, Sporting Index founded.
1994 The Sun v Grobelaar legal case.
1995 Snooker player Peter Francisco gets 5 year ban for match fixing.
1997 World Sports Exchange of Antigua becomes the first online sports betting service.
1998 The Sporting Life is published for the last time.
1999 Floodlight Saboteurs stop English football matches as part of Asian betting scam.
2000 Betfair is launched on June 9.
2001 Direct tax on bets is ended in the UK (replaced by a tax on bookmaker s gross profits).
2005 Hoyzer and De Carvalho referee match fixing scandals.
2006 US Congress passes the Unlawful Internet Gambling Enforcement Act (UIGEA).
2007 Gambling advertisements allowed on British TV and radio for the first time.
2011 Three Pakistani cricket players jailed for spot-fixing in 2010 test series against England.
2012 Scommessopoli match fixing scandal rocks Italian football.
Accumulator Popularised (and possibly even invented) in the 1820s by London gaming club owner William Crockford, this is a bet that relies on more than one outcome occurring (although it generally refers to more than four as doubles and trebles are more commonly used to describe two or three timers). All the winnings on the first event go onto the second and then onto the third and so on. Depending on the number of selections, it may also be as a four-timer, five-timer etc or a fourfold, fivefold etc and there are numerous permutations. Obviously the more events which have to be predicted correctly the more difficult it is to win and multi-leg accumulators tend to be scorned by serious punters. Long odds SP accumulators have another inherent negative factor in they will never pay anything near the true odds as bookmakers will lay off the final legs to reduce liabilities meaning that the overall odds and therefore the subsequent payout will be substantially reduced.
However, even the long ones come off occasionally despite the lottery type odds. Mick Gibbs, a roofer from Manchester netted the most outrageous football accumulator of all time in 2001, when his 15-fold 30p accumulator netted him the 500,000 maximum payout. The outcome of the multi-layer bet had rested on Bayern Munich to win the Champions League (which went to penalties). The most incredible aspect of the story was that two years previously Gibbs had had another extraordinary accumulator when he won 157,000 from a 2.50 stake and Bayern were also involved in the last leg of the bet when Manchester United staged a dramatic finale comeback to beat them in the Champions League final.
See also, The, Lay Off, Long Shot, Longest Odds Ever Laid, Maximum Payout, Novelty Bet, Odds, Parlay, Permutation, Rel