Flanders
Member
- Joined
- May 1, 2018
- Messages
- 173
- Reaction score
- 17
- Location
- New Jersey
- Gender
- Male
- Political Leaning
- Very Conservative
OTB put a dent in neighborhood bookmakers. This will wipe them out:
I am not sure how Wall Street’s gambling casinos will deal with sports betting. Betting in Wall Street casinos is called investing. Wall Street sharpshooters can hardly call sports betting investing.
NOTE: A long time ago —— when the press was half-ass legitimate —— they put the daily stock market report on the same page as thoroughbred racing results.
Do not get me wrong. I have no objections to gambling. I do object to the government shilling for the casinos.
Wall Street brokers were always crooks to be sure; nevertheless, the reputation Wall Street enjoys today is due to the S.E.C.’s cloak of respectability —— not for any contribution stock markets make to society. I do not have to list the scandals, the thefts, the bailouts, etc. that went on right under the S.E.C.’s nose in recent years. At least taxpayers did not have to bailout the crooks in 1929.
In the 1920s, the stock market was as crooked as a snake with arthritis. Today’s stock market is just as crooked, but you will never hear Socialists complaining about their creation. It has taken the parasite class 89 years to convince Americans that the crash in ‘29 was the primary cause of the Great Depression. They will not discard the myth for any reason; hence, talking heads get their scare tactics from Wall Street:
1. The global economy is on the verge of Armageddon.
2. Money will be worthless.
3. Everybody will starve to death if the global web of financial markets collapses.
QUESTION: Are stock markets rigged? ANSWER: Of course they are rigged! They have always been rigged!
Wall Street firms are gambling casinos. Gambling casinos always stack the percentages in favor of the house. Wall Street does not operate on percentages although the commissions charged for buying and selling are fixed percentages. Churning customers’ accounts is quite lucrative even with a fixed percentage in place.
How is the stock market rigged?
The cloak of respectability provided by the Securities and Exchange Commission is the most subtle method.
Do percentages mean that the tables in Las Vegas gambling casinos are rigged? Of course not. The percentages will grind you down fast enough —— some forms faster than others.
Slot machines are the worst. Not only are the suckers bucking brutal percentages, they are getting ten decisions a minute on average. That means the house’s percentage is eating you alive every time a decision is made.
Also, slot machines do not require dealers, croupiers, etc. One man can service a thousand one armed bandits. That makes the slots the most profitable game in the house in terms of labor costs.
The galloping dominoes, blackjack, and roulette devour you at a slower rate than the slots. The house percentage is not as savage as it is on a slot machine; nevertheless, every form of casino gambling will pick you just as clean with fewer decisions.
NOTE: Every system to beat the house works. The worst betting system ever invented will payoff once in awhile. The best so-called system in the world will not payoff enough times to beat the percentages.
Punters only get nine decisions a day at a race track assuming they bet every race. So how many wealthy horse degenerates do you know?
It is the jerks who read the Daily Racing Form and the Wall Street Journal trying to predict the future who holler "Rape" the loudest when it comes out that the insiders rigged the game.
Gambling is gambling. Poker or pinochle —— golf or tennis —— are GAMES. Every game requires precise skills; hence, the most skilled player on any given day will always win. Conversely, good game players are notoriously poor gamblers. The best poker player in the world cannot predict the winner in a walkover.
Betting on the gees-gees, or the galloping dominoes. or buying stocks is gambling. So do not send for the gendarmes when you lose.
Finally, lotteries are NOT that big of a sucker bet when you analyze this old axiom: Never bet a lot to win a little. (You win an awful lot for a buck.)
Top Court Paves Way for Legalized Sports Betting
George Tsartsianidis/Dreamstime)
Monday, 14 May 2018 10:24 AM
https://www.newsmax.com/finance/economy/court-legalized-sports-betting/2018/05/14/id/860161/
George Tsartsianidis/Dreamstime)
Monday, 14 May 2018 10:24 AM
https://www.newsmax.com/finance/economy/court-legalized-sports-betting/2018/05/14/id/860161/
I am not sure how Wall Street’s gambling casinos will deal with sports betting. Betting in Wall Street casinos is called investing. Wall Street sharpshooters can hardly call sports betting investing.
NOTE: A long time ago —— when the press was half-ass legitimate —— they put the daily stock market report on the same page as thoroughbred racing results.
Do not get me wrong. I have no objections to gambling. I do object to the government shilling for the casinos.
Wall Street brokers were always crooks to be sure; nevertheless, the reputation Wall Street enjoys today is due to the S.E.C.’s cloak of respectability —— not for any contribution stock markets make to society. I do not have to list the scandals, the thefts, the bailouts, etc. that went on right under the S.E.C.’s nose in recent years. At least taxpayers did not have to bailout the crooks in 1929.
In the 1920s, the stock market was as crooked as a snake with arthritis. Today’s stock market is just as crooked, but you will never hear Socialists complaining about their creation. It has taken the parasite class 89 years to convince Americans that the crash in ‘29 was the primary cause of the Great Depression. They will not discard the myth for any reason; hence, talking heads get their scare tactics from Wall Street:
1. The global economy is on the verge of Armageddon.
2. Money will be worthless.
3. Everybody will starve to death if the global web of financial markets collapses.
QUESTION: Are stock markets rigged? ANSWER: Of course they are rigged! They have always been rigged!
Wall Street firms are gambling casinos. Gambling casinos always stack the percentages in favor of the house. Wall Street does not operate on percentages although the commissions charged for buying and selling are fixed percentages. Churning customers’ accounts is quite lucrative even with a fixed percentage in place.
How is the stock market rigged?
The cloak of respectability provided by the Securities and Exchange Commission is the most subtle method.
Do percentages mean that the tables in Las Vegas gambling casinos are rigged? Of course not. The percentages will grind you down fast enough —— some forms faster than others.
Slot machines are the worst. Not only are the suckers bucking brutal percentages, they are getting ten decisions a minute on average. That means the house’s percentage is eating you alive every time a decision is made.
Also, slot machines do not require dealers, croupiers, etc. One man can service a thousand one armed bandits. That makes the slots the most profitable game in the house in terms of labor costs.
The galloping dominoes, blackjack, and roulette devour you at a slower rate than the slots. The house percentage is not as savage as it is on a slot machine; nevertheless, every form of casino gambling will pick you just as clean with fewer decisions.
NOTE: Every system to beat the house works. The worst betting system ever invented will payoff once in awhile. The best so-called system in the world will not payoff enough times to beat the percentages.
Punters only get nine decisions a day at a race track assuming they bet every race. So how many wealthy horse degenerates do you know?
It is the jerks who read the Daily Racing Form and the Wall Street Journal trying to predict the future who holler "Rape" the loudest when it comes out that the insiders rigged the game.
Gambling is gambling. Poker or pinochle —— golf or tennis —— are GAMES. Every game requires precise skills; hence, the most skilled player on any given day will always win. Conversely, good game players are notoriously poor gamblers. The best poker player in the world cannot predict the winner in a walkover.
Betting on the gees-gees, or the galloping dominoes. or buying stocks is gambling. So do not send for the gendarmes when you lose.
Finally, lotteries are NOT that big of a sucker bet when you analyze this old axiom: Never bet a lot to win a little. (You win an awful lot for a buck.)