Sports Betting Essays (Examples)

ith respect to the second criteria, it has also been found that betting exchanges deliver more accurate odds than bookmakers. This is to be expected, since betting exchanges are based on open market principles while bookmakers control their markets. The bookmaker's spread will negate any advantage the bookmaker will have in setting odds vis-a-vis the market. Indeed, the market's ability to set better odds than bookmakers has to do with removing the traditional information asymmetry that exists in the bookmaking industry.

The only point on which bookmakers may offer superior consumer welfare is with respect to liquidity. The concept applies to bookmakers as well, though, in that spreads are greater for events that receive fewer bets. In addition, the market is likely to remedy the liquidity problem and Metcalf's Law in the long-run, meaning that over the long-run betting exchanges are expected to deliver superior consumer welfare outcomes compared with…

sports betting. Discussed are the problems with the betting, players getting gifts from betting agents, and effect of sports betting on the economy. Seven sources are used.
Sports and Betting

More Americans play more sports than in any other country in the world. Moreover, we watch more sports than anyone else on earth. Football and figure skating, two sports that could not be more different have drawn the biggest TV audiences in history. Sports bind us together as Americans. It has the ability more than just about anything else to tear down the barriers of race, class, gender, politics and geography (McDonald 1998). Sports is part of our national culture. It's part of our national conversation. A waitress at the local cafe talks Friday-night football with the cop and the banker. A Democratic gardener, trimming the greens at the country club, discusses golf swings or last week's tournament with a…

Track Betting in Sports - the Pros and the Cons
There is no doubt that first of all, thoroughbred wagering is a huge sport in the U.S. And elsewhere; and there also is no doubt that off-track betting (OTB) has become a very popular form of gambling, not only in the United States, but all over the world. Like any issue involving money, the public, and potential harmful habits that could be formed, OTB is, always has been - and always will be - controversial. This paper will discuss gambling addiction and other negative wagering issues as part of the "con" side (including the age groups most vulnerable to addictive behaviors); and the paper will also present the "pro" side, including food, beverage and entertainment services offered at OTB sites, the newest OTB innovations (which are on the Internet, which makes a person's home a veritable OTB); and the paper…

Scandal/Controversy in Sports
The following will take a look to see if scandal and controversy benefit sports.

Background of Sports Industry and Scandals

Sports in the U.S. is a multi-billion-dollar industry. Companies try to engage with clients by aligning the services and products they offer with this well-known industry via sports funding and endorsement. The benefit of this involvement has been well-recorded in the sports marketing literature (Hughes and Shank, 2005). The effect on business brands in case a scandal surfaces regarding an athletic supporter like a player, coach, or a team however, is less well-known. Several sports scandals, for instance, the rape case surrounding Kobe Bryant and the University of Colorado recruitment scandal raise very serious questions regarding the effect of sports scandals on amateur and professional athletic institutions, participants, sponsors, as well as other stakeholders.

Whereas conventional corporate sports supporters like Nike maintain omnipresence, several other different kinds…

ports and popular culture (NFL/NBA)
Prelude

Pop Culture

Popular culture entails all forms of mass communication such as:

Newspapers

Radio

Magazines

Music

Books and Cartoons and comics

Advertising

It is somewhat different compared to higher forms of cultural art such as:

Classical music

Artworks

Conventional theatre

In terms of mass communication, popular culture means messages which are intellectually and artistically limited primarily designed to entertain and humor the viewers (Hollander, 2014). Following the industrial revolution, the people had a lot of time to spare which led to a huge demand for entertainment and amusement and gave height to media. The increasing supply of goods also made it necessary for the advertisers to attract the consumers and mass media could reach a large number of audiences at the same time (Hollander, 2014).

ports

The physical activities have always been in the life of human beings in the form of different leisure…

With this being understood the cockfight blend has an influence on the societies in which they are carried out (Turner, 2001).
As it relates specifically to Latin America, there are 20 countries that compose the region. In the Latin American country of Mexico cock fights are very common ("Cock fights in Mexico"). In fact cockfighting shares the same amount of popularity as charreadas and bull-riding rodeo activities ("Cock fights in Mexico"). In addition the prevalence of cockfights is as common as the late-night entertainment that occurs during village fairs ("Cock fights in Mexico"). In Mexico, cockfights tend to draw both male and female onlookers; these individuals place bets on which gamecock will win the fight ("Cock fights in Mexico").

In many regions around the world the sport of cockfighting is illegal ("Cock fights in Mexico"). However, within the country of Mexico, cockfights are legal and a central body in the…

Game theory is a critical form of decision making that is used in various subjects like economy and political science. Its relevance is becoming prominent in the success rates that have come out in gambling and sports betting. The theory is basically an amalgamation of different models of cooperation and conflict between various decision makers (Myerson, 1991) Thus, it can be safely stated that the theory itself is not just one piece of information solidly put out there yet it's a combination of different authors and experts. As mentioned earlier, the game theory has been linked to economic models, science, gambling like poker or sports betting and social situations as well. In the game theory the simplest way of putting it is analyzing the number of players and the moves that they are likely to take. Using this information, a person can guess and figure out the number of choices…

Accounting -- Financial Statement Analysis
Comparison of gaming industry leader Ladbrokes PLC to William Hill PLC and then comparison of both those companies to the rest of the gaming industry reveals the burgeoning market of online/digital gaming. Comparison of the companies' histories, markets and ratios, shows a still-impressive industry titan Ladbrokes PLC being increasingly outgained by another market giant, William Hill PLC, and varying degrees of success among industry also-rans. It appears that the degrees of success or failure are intimately tied to the provision of online/digital gaming experiences to consumers.

Histories and Markets:

Ladbrokes PLC

In 1886 Messrs. Schwind and Pennington formed a partnership as commission agents primarily backing horses trained by Pennington at Ladbroke Hall in Worcestershire. In 1902 they were joined by Arthur Bendir, who named the venture "Ladbrokes" and shifted the focus from backing horses to betting against them, acting as bookmaker and punter (bet placer).…

benefit analysis of the proposed state lottery for Alabama. Assessing the costs and benefits of this lottery is challenging. The costs are ill-defined, and often lumped in with other gambling costs in general. Yet, lotteries are not the same thing as casino gambling or sports gambling. So there is a lack of hard data available. The benefits are clearer. These take into account the return on money already being spent by Alabamans out-of-state, and the multiplier effect of this new spending. For the state government, the lottery is a clear winner, but for the Alabama economy as a whole, the cost-benefit analysis looks less positive.
The state of Alabama is examining ways in which it can increase its revenues. One of the ideas that has been floated is that of a state-run lottery. In February 2016 a bill was passed that will allow the state to set-up a statewide vote…

National corporations own many chains, even though several others are independently owned but affiliated with a chain through a franchise agreement.
Types of Hotels

The U.S. Department of Labour (2004) denotes five basic types of hotels:

Commercial - These hotels operate year round and are primarily located in cities or suburban places. The larger properties offer an assortment of services for their guests, such as coffee shops, restaurants, cocktail lounges, gift shops, newsstands, theatre, health spas, swimming pools, etc.. Even larger hotels offer banquet rooms, ballrooms to accommodate wedding receptions; business meetings. Convention and business meetings provide major sources of revenue for larger hotels

esort - These hotels are primarily located in vacation destinations near mountains, the seashore, or other attractions. Nowadays, some resorts provide additional convention and conference facilities to stimulate their customers to combine business with pleasure. (U.S. Department of Labour, 2004)

esidential - These establishments provide a…

" (Illinois)
If one wants to verify the dangers of gambling one only needs to look at the statistics stating Las Vegas has one of the highest crime rates in the nation. People are desperate to get their win, they have lost everything and still believe that magic hand or slot is right around the corner and resort to robbing, stealing, fraud and other means to obtain gambling funds (Nauman, 2006).

Gambling is illegal in most areas of the nation. Law enforcement is charged with arresting those that break the law. In states across the nation gambling rings have been broken up and slot machines, video poker machines and roulette tables have been seized. The place for law enforcement with regard to gambling is to crack down on it and not turn a blind eye when they are aware that is going on. The children who do not have food…

Vice refers specifically to crimes of a moral nature and usually refers specifically to prostitution, gambling, and also the dealing of drugs. Vice activities are defined differently by different communities and in general do not represent the laws of the nation or even of the state. Moreover, vice crimes are to be contrasted with crimes of a violent nature. Vice crime is community-defined; local laws generally reflect the social and political beliefs of its citizens as well as their expectations of the character of the jurisdiction. The town of Spurberry has a relatively low incidence of violent crime but vice crime is relatively common. Therefore, the Spurberry Police Department has had to beef up its vice squad in response to the growing needs of the community.
Spurberry is a mid-sized suburban town in the American Midwest with a population of 20, 371. The population is largely middle-class and mostly Caucasian.…

Online Casinos
Internet gambling is now the fastest-growing sector of the gaming industry, so much so that in the year 2000, it grew by 79%, compared to a 6.01% overall growth rate in the United States (Helping pp). Mark aters of GamblingSoftware.com, says, "Internet gambling is now bigger than gambling on Indian reservation, charitable bingo, legal bookmaking, and gambling on cruise ships" (Helping pp). The main reason for online gambling popularity is that gamblers can play any time in any location (Helping pp). Moreover, online gaming is probably the most sound business model on the Internet today, there's no inventory, no shipping, just customer relationship management, say aters (Helping pp).

Type in "online casinos" on Google, and 5,660,000 sights pop up. That's quite an array of opportunities for players, astounding actually, and players never have to leave their home or even change out of their pajamas!

On-line-Casinos-Online.net. (http://www.online-casinos-online.net/) offers a…

Waterfront
STORY DIAGRAM FOR "ON THE WATERFRONT"

Framing crime drama: the police know that dockworker's union boss Johnny Friendly is involved with organized crime but cannot get any useful witness to snitch on him

Terry Malloy = Protagonist

Backstory: Terry was a promising boxer who "took a fall" (deliberately lost his match) on the instructions of his older brother Charley, who works for the dockworker's union. (Given the involvement of organized crime in sports betting, we are meant to understand Terry as one of the victims of Johnny Friendly's crime activities).

Turning Point / Act One Climax: Terry is used by organized crime in order to lure out another dockworker -- Joey Doyle -- who is preparing to snitch against Johnny Friendly. Joey Doyle is murdered.

Act Two begins with Terry's blossoming relationship with the dead Joey Doyle's sister, Edie.

The relationship means that Terry is now struggling with his…

The 2012 movie, Silver Linings Playbook, provides a rather correct view of numerous mental health-related aspects and the impact it has on families and relationships. Bipolar disorder-diagnosed Patrick Solitano Jr. is enrolled in an eight-month court-commanded psychiatric hospital intervention after viciously assaulting a man his wife was cheating on him with. This mood disorder is accompanied by manic episodes (discrete minimum-seven-day-long periods of uncharacteristically and continually cantankerous, elevated, or expansive moods). Symptoms include escalated self-esteem, reduced need to sleep, impulsiveness, and quick speech, accurately portrayed by Pat in the movie. This results in vacillating extremely good and extremely bad moods together with acute impairment and distress, necessitating rigorous, steady medications (American Psychiatric Association, 2013). Also, bipolar disorder patients typically have highly intense and charismatic personalities, as seen in Pat Jr. The character is quick to form an emotional bond with Tiffany, an unusual lady who is herself burdened by mental…

Pete Rose. Discussed are his career and the different perceptions of him. Six sources used. MLA.
Pete Rose

Few names in baseball stir as much controversy and create as much passion as the name Pete Rose. His career is unarguably outstanding. However, the verdict still seems to be out regarding his ethics. The fact that he bet on games really isn't the issue, most people believe and accept that he did. The fact that he was banned for life from baseball, although most people feel it was far too harsh a punishment for his crime, isn't the issue. hat is the issue is his place in baseball history, namely the Baseball Hall of Fame. For the past decade, his banishment from this honorary induction has sparked debates among fans, sports writers, the baseball commission, and the general public. Always cocky and often self-promoting, Pete Rose is indeed a legend in…

The racehorse industry has been faced with accusations of promoting the breeding of fragile animals that are unable to withstand the rigors of training, because of a lust for promoting speedy animals at all costs. And the recent publicity of the slaughter of retired racehorses who have outlived their usefulness has further damaged the reputation of the sport. Unlike other forms of betting, horseracing must try to preserve its family-friendly image to some extent, given that many parents take their children to the track. Poor sportsmanship and a lack of sensitivity to the suffering of animals will turn the next generation of fans away.
Conclusion

Churchill Downs must honor the legacy of its treasured past, and promote prominent ethical spokespersons for the sport, like the multiple Kentucky Derby winner jockey Calvin Borel. More stringent standards must be imposed industry-wide regarding the treatment of both horses and jockeys, but until then,…

Because of the rapid depreciation rate it is virtually impossible for a middle-class individual to afford a race horse. Because the recent decades have not brought forward a certain winner, people have started to feel that the sport will never regain its glory. The individuals who were mainly interested in the gambling feature have come across more moderns methods of gambling and have lost interest in what seems to be a dying sport (Hereth & Talbott, 1993).
Horse racing truly is a glorious sport, but because of the lack of support it got in the last few decades it is unlikely to ever recover from the sphere of anonymity it entered. hile animal care was not a matter of extreme importance in the first half of the twentieth century, it does not seem illogical that race horses from the period broke record after record, as most were probably forced to…

Ritual Magic
Rituals and Magic of 'Deep Play' of Past and Present Eras

It is common in our present location and age, perhaps except for those minority religious subcultures or communities who identify themselves as part of iccan or Goddess worship organizations, to view ritual magic as a legitimate practice only of the far past. Though millions read their horoscopes daily, and wear lucky talismans, there is a common intellectual currency amongst both scholars and the public at large to see rather than a system of belief structure that still has echoes in our present modalities of belief and being.

This is one reason why the anthropological works of Catherine Allen regarding the Runa, upon its publication in the 1980's, initially struck its readers with such force. The Runa are a small group of townspeople who adhere to customs of ancient Incan and colonial Spanish civilization. The book's most recent…

Gambino Drug Family." Their entire drig business was based in New York City. This paper will mirror the Gambino's nationwide and international structure and operating techniques relating to the drug business. Likewise a contrast of the Gambino's from their past to present function in prohibition, drug nexus, political corruption, and various other criminal activities will be analyzed. Gradually, the Gambino household had different business interests that made them much more noteworthy in the Italian Mafia. The paper will also assess various law enforcement tools, which can be used to against this drug family.
National and international structure and operating approaches related to the drug business

The Gambino's drug business structure and operating approaches come from really sturdy links with the Sicilian Drug trade (Critchley, 2008). Till 1914, there were no genuine laws or borders against the drug market in the U.S. (Critchley, 2008). The Boylan anti-drug Law, enacted by the…

When it comes to the lessons and values of a good leader, there are some subjects and examples that come along more than others. For example, the type of leadership that works best is the subject of many debates. Also common are the actual people that supposedly serve as the best examples of good leadership. However, there are some lessons and examples that are less obvious or prevalent. However, to say that these less obvious examples are any less profound or effective would be a mistake. One of those examples would be failure. Failure is something that is often described negatively when it comes to leadership lessons. However, the subject of failure has a specific and prominent place in leadership tutelage. While failure is often labeled negatively when speaking of leadership, the subject can be the cornerstone of many teachable moments and good leadership teaching.
Analysis

Failure was certainly something…

Gatsby will always be interpreted as an interloper, even though some people, like Nick, have enough ability to step outside of the culture, and express admiration for Gatsby's futile project of self-improvement, and Gatsby's desire to win Daisy by making money. The Balinese experience binds the participants "into a set of rules which at once contains them and allows them play" (Geertz 450). Some creativity and transgression is allowed within some limits, just as Carraway's socially and financial secure position allows him to show more affection towards Gatsby in his narrative. Gatsby's wealth and alcohol buy him some entry into the community that he would have lacked as a poor man. But despite this creativity of reinterpretation of social conventions, of both what Gatsby himself signifies and of Gatsby's own manipulation of cultural symbols, there are limits to how much a person can break the rules of the masculine 'play'…

Organizational Strategies
Deliberate and Emergent Strategies

Companies have a number of different options as they chart their course, seeking to maximize their advantages and limit their liabilities. Two of the major strategies that companies can follow are deliberate strategies, which consist of a systematic course of action that is pursued to allow a company to reach a desired object of goal. Another basic strategy approach is that of the emergent strategy, which involves a company's responding to the particular conditions and dynamics of a particular situation. This paper describes three companies (in three different sectors) that are pursuing a deliberate strategy and three that are pursuing an emergent strategy.

Deliberate Strategy deliberate strategy may be seen as one that is initiated from within a company and that accords with the company's intrinsic goals. Of course, it is unlikely to be the case that any company can ever pursue what might…

All these were achieved with immense marketing budgets.
In the current situation when the United States and the world are threatened by an economic crisis, the giant shoemaker continues to sustain an increased marketing budget. A specification that must be made however is that changes in the structure of the budget have occurred. In this order of ideas, the marketing specialists at Nike are more centred on interactive and innovative marketing, rather than traditional marketing operations. In a time of financial difficulties then, the number one shoemaker of the globe is trying to approach the audience using less conventional means. Nike officials argued that they were not in the business of keeping the media companies alive, but that their primary interest was that of best communicating with the audience. In this order of ideas then, the multinational organization drastically reduced marketing budgets for television advertisements and other traditional means and…

Aside from the obvious impact upon the Ford employees who found themselves out of jobs, a general effect was the increased unemployment rate. And this was not only because of the positions lost within Ford, but also because of the jobs indirectly lost due to the crisis at the American manufacturer. In a more simplistic formulation, the automobile maker had ongoing contracts with various suppliers and other intermediaries, purchasing various technologies and vehicle components. Once the demand for Ford automobiles had decreased and their supremacy was lost to the Japanese producers, they no longer required the services of all of their purveyors. Then, as the demand and production became reduced, there was also limited need for dealers store to sell the cars. Ergo, additional jobs were lost and the lives of more and more individuals were impacted.
The negative outcome could have been avoided had the company been more receptive…

com TV, a station accessible by Internet that would present clients with viable information on the company and their products. More importantly, the television station would offer advice and demonstrations on how to install the items purchased on your own, without the assistance of home improvement specialists.
The desired consequence of all these opportunities, as well as other strategies, is to increase the market share and revenues. However, all options include a certain level of risk that could generate unfortunate results. That is why, prior to making a decision, management, marketing and financial departments need to analyze the opportunity from several view points.

3. Long-term objectives on profitability, competitive activities, technological and market leadership, as well as the social and environmental responsibilities of the company

Aside from the general long-term objective of increasing their market share and revenues, the managers at Home Depot desire to become among the strongest international…

462). It is small wonder that some insurance companies understand the risks of insuring lives and the accompanying cash surrender values of a life insurance policy.
In a prime example of how some insurance companies were caught up in the evaluation game is the case of AIG, the company that forgot that the value of its stock, or the value of the company was based primarily on a fair value, that might not have been fair at all. The harbinger of disaster was when the financial marketplace placed a fair value on AIG that was far below what the company believed it should be. This scarcity could be one of the primary reasons why the financial industries around the world are in the torrents they are currently swimming.

Some of the literature available touched on the primary causes of the current financial crisis before it took place. One recent study…

Future of Internet Gaming
The Internet has come along way from the days of UNIX commands, and inter-office emails. Beyond suffering through endless SPAM mail, the Internet has become a staple in households across the world where one can shop from the comfort of their own home, and enlighten themselves on world events and cultures.

In the new millennium though, with the evolution of technology occurring almost everyday, it is online gaming that is growing at an alarming speed (Bahlmann, 2002) and isn't showing any signs of slowing.

According to CNet (Becker, 2002a) the current $210 million gaming industry will reach $1.8 billion by 2005. Interestingly enough, there isn't one single dominant company in online gaming, and this is assuring to a public that already finds themselves limited in their Operating Software options. It's no secret that electronic games are a big business. Last year $6.35 billion worth of video-…

Environmental Hazards as a Consequence of Crude Oil/Natural Gas Exploration, Transportation, Refining and Storage
Ever since crude oil was first successfully drilled in the U.S. In Titusville, Pennsylvania, in 1859, the demand for oil has only been increasing over the years in countries all over the world. (Camden, 1883) Crude oil, from which various petroleum products are obtained, is a naturally occurring hydrocarbon component found trapped in rocks below the earth. The word "petroleum" means "rock oil" or "oil from the earth." Natural gas is another form of hydrocarbon that is also found in nature. oth crude oil and natural gas have excellent combustibility and are good sources of energy. Crude oil is not used in the extracted form; but it is refined to obtained products such as gasoline, liquefied petroleum gas (LPG), naphtha, kerosene, gas-oil and fuel oil. Secondary products during the purification of crude oil are obtained are…

The author of this report will offer a summary of two important laws and regulations when it comes to employment in the United Kingdom. Those two pieces of law will be the Employment Rights Act of 1996, commonly known as ERA 1996, and the Equality Act of 2010, commonly known as the EA 2010. For both laws, the particulars, specifics and common requirements for all parties involved, both employee and employer, will be covered. While the two laws covered in this report were pass nearly a generation apart, both of them hold a very important place in the employment law paradigm in the United Kingdom. Employment Rights Act of 1996

Scope & Summary

There are several important requirements and regulations when it comes to the Employment Rights Act of 1996. When an employee starts work with an employer, they are obligated to get a summary of terms and requirements. As…

Note the distinct similarities.
An examination of Escher's Circle Limit III can thus tell us much about distance in hyperbolic geometry. In both Escher's woodcut and the Poincare disk, the images showcased appear smaller as one's eye moves toward the edge of the circle. However, this is an illusion created by our traditional, Euclidean perceptions. Because of the way that distance is measured in a hyperbolic space, all of the objects shown in the circle are actually the same size. As we follow the backbones of the fish in Escher's representation, we can see, then, that the lines separating one fish from the next are actually all the same distance even though they appear to grow shorter. This is because, as already noted, the hyperbolic space stretches to infinity at its edges. There is no end. Therefore, the perception that the lines are getting smaller toward the edges is, in…

Their anticipated and desired results for their education, personal or practical, may vary widely in unpredictable ways. The attitudes towards educational processes may differ due to the greater and more diverse social and life experiences that color perceptions of classroom life, even more so than the raw educational materials used in the classroom. The teacher must balance addressing individual needs through conferences, personal contacts, and allowing for more independent research, yet also strive even harder to create a coherent class dynamic and unity between individuals with different schedules and belief structures. This may require greater management on a technical level as well as greater personal finesse than might be expected by an educator with experience only teaching undergraduates.
Eskensberger (2001) on the subject of "Action Theory" provides some interesting supporting evidence to address the difficulties posed by a mixed classroom of old and young learners, or adult learners of diverse…

employee rewards has been increasingly brought to the forefront. This is because globalization is creating a shift in how firms are operating by requiring the utilization of specialized skills. These individuals are necessary for a firm to be able to adjust with changes inside the marketplace and new competitors. As a result, a number of organizations have begun focusing on transforming compensation strategies to address these needs. To fully understand how this is occurring requires focusing on: the way this can improve competitive compensation plans, how they are tied to specific jobs, the effectiveness of an equity-based rewards system, the key factors for integrating this model with traditional rewards programs and providing recommendations that will streamline these initiatives. Together, these elements will provide specific insights as to how a firm can improve their competitive compensation strategy. (Wilson, 2003, pp. 1 -- 15)
Innovations of Employee Benefits

Innovations in the type…

New Work eward Systems
New, Improved, Innovative: Employee Work ewards

In the book First, Break All the ules: What the World's Greatest Managers Do Differently, authors Marcus Buckingham and Curt Coffman assert that employee satisfaction is not tied to compensation as tightly as the business world has imagined. Hard though it may be to belief, several key elements reportedly have stronger influence on employee morale and engagement with their work than wages, salaries, or bonuses. During their association with the Gallup Organization, Buckingham and Coffman, concluded that the answers to the following questions will help a manager identify the key influencers of employee motivation, morale, loyalty to the company -- and ultimately, staying power in a job or position:

Do I know what is expected of me at work?

Do I have the materials and equipment I need to do my work right?

At work, do I have the opportunity…