Tag Archives: Gambling

Should “The House” always win?

To be more precise, should casinos be able to use the law of negotiable instruments to get around the law of contracts? Or should gamblers be able to use the law of contracts to get around the law of negotiable … Continue reading

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What % of basketball and football games are fixed?

The fraction or number of such games has to be greater than zero, but how much greater? By way of example, do you detect any suspicious patterns or red flags in this box score of the Huskies’s 63-53 Final Four upset victory over the Gators yesterday … Continue reading

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Why don’t more people play “credit card roulette”?

Credit Card Roulette or CCR is “a way of gambling for bills, usually played for the purpose of settling restaurant checks, by randomly drawing one participant’s credit card.” The website pokerterms.com (from which my definition of CCR is borrowed) offers the following illustration of … Continue reading

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Bets & taxes

“Are gamblers required to pay taxes on every winning bet – for example, every winning pull of the slot machine? Or can they report the overall income – gains minus losses – from a session of gambling?” This is the … Continue reading

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