Monthly Archives for February 2015

Learn A Variety Of Baccarat Strategies For Every Taste, Style And Budget

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

Author’s Bio: 

Although most people firmly believe that when you go and play in a casino, the casino always wins, but when it comes to baccarat there are a few strategies that you can use to help give yourself an edge against the house. In the Paroli, you change your bet with your winning streaks, instead of your losing ones. Regardless, these baccarat strategies are based on good planning, but the game is merely based on luck, regardless of strategy.. The bet stays at that specific amount until you lose, and then increase your bet to coincide with the system for of all of your winning wagers following the sequence. The system is used in a variety of gambling and trades with equal passion. Every time you double your bet the winnings are also doubled, which means that one win in this specific streak would be enough to cover your losses. Despite the fact that the house generally has an upper hand in card games, with some simple Baccarat Strategies, you can help to increase your opportunities to win quickly, simply and easily. Some people claim that pattern spotting is not feasible idea, but others are firm believers that following the pattern in the game is a superior baccarat strategy, in which you can employ the Fibonacci or other betting system, or your own specific strategy. This is simply keeping track of any repetitive patterns available in the outcome of the game, providing you an opportunity to employ another type of betting system to potentially increase your win at the table. So, you keep doubling your bet with every win, and the primary principle behind this betting strategy is that any winning streak that you are on should be taken full advantage of, no matter what. Again, this is not a foolproof betting system, but it can potentially increase your earnings at the baccarat table.

Your rating: None


Perhaps the simplest strategy available in baccarat is to spot any patterns that are available in the game. This system is best for people who only place small bets at the table, because you bet first with a single, set amount. It is believed to have been around for more than 300 years, is based on the simple principle that one big win is enough to cover all of the losses that you have incurred prior to that win. The Paroli Betting System is opposite the Martingale Betting Strategy. The first of many baccarat strategies is more commonly known as the Martingale Betting System. Pattern watching is encouraged by casinos, as most of them will hand out a small piece of paper or a notebook as well as a pencil to allow you to follow the pattern of play. Basically, it states that you need to double your bet after every loss that you incur. The strategy is not foolproof, because gambling is based on luck and there is always the chance that you may just keep on losing regardless of the strategy you use.

Learn more about the number of Baccarat Strategies in use, and find the best one that may just help you win the big one.

Another betting system is known as the Fibonacci Betting System, which is followed by many baccarat players. This is an excellent system when the stakes are very small see here

Casino-Gaming :: Slot Machines: Know More About Nickel Slots & Nickel Slot Machines On Slotland

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

For example, if your game has 10 lines, you would bet $.05 per line that would be a $.50 wager. But usually you will fair better on payout if you stick to min bet on a max line, the payout tends to be a higher percentage.. This will often trigger bonus games or bonus rounds to win extra spins and extra winnings.

How to play online nickel slots

Video slots, mechanical slots and computer operated slots all come in different denominations; many can actually play various denominations on one machine. With these many varieties of nickel slots, a player could sit for hours playing on a small bank roll.

Just as the land based nickel slots, online nickel slots are also played practically the same way on a minimum bet.

Once you have sat down to play a nickel slot machine, you need to pick your wager or bet. This will not only help you understand the game, but will also give you a feel for the graphics and rules of the casino.

One of the reasons nickel slots have become so popular is the fact that it is a cheap wager. As a bonus you could even play that max line against max bet that would make your wager $1.50 for better odds of wining higher money.

Playing slot games like the nickel slots, allow smaller budgets to experience bigger payouts.

How to play nickel slot machines

With all the different slot machines and slot games out there, they practically come in ever denomination money wise.

Nickel slot jackpots

Nickel slots have made many casinos both online and land based much money over the years for the simplicity of the games. If your game that you are playing has multiple lines, your best bet would be to take $.05 times how ever many lines you are wagering, the max lines is the best option. These have become favorites among small casino players as well as senior citizens alike.

Nickel slots come in many varieties online that include video poker, bingo, lottery, and classic reel spins. Many times these slot machines have multiple line play with minimum bet. Nickel slot machine offer multi-coin play, max bet, and wonderful enticing graphics loaded with fun!

Many online casinos offer sign on bonus that enable you to use your free money to play and enjoy the nickel slot games.

When trying to find an online casino to play your hand at nickel slots, make sure to research the casino thoroughly to guarantee that this is a legit licensed online casino. Nickel slots have become one of the most popular slot machines of today.

If your not real sure what online casino you wish to sign up with, check the site to see if they have a trial period or free play option that allows you to test out the games you are interested in playing before signing up with an account or depositing money. Many online casinos have taken extra precautions to have the ability to allow US residents to play in their online casino by accepting multiple payment methods.

Playing online nickel slots can be just as fun and exciting as driving to a land casino, minus the smoke filled rooms, crowded restrooms and long lines to collect your winnings.

Nickel Slots Online

If you are playing max bet typically you can usually have a chance of wining jackpots of up to $500. Also be sure that if you are a US resident, that the casino of your choice has the ability to accept payment and payout winnings to US residents. Max bet is usually a three coin bet, which would make your wager $.15 see here

2012: How horse racing became cool

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

Marketing teams set up Twitter accounts, Facebook profiles, and pedaled merchandise online.

Similarly, a small army of Black Caviar fans — draped in the horse’s native Australian flag or salmon pink silks — cheered on the mare to victory at the Queen’s Diamond Jubilee Stakes at Royal Ascot in June. Instead, a four-year-old horse called Frankel is about to make history by winning his 14th — and final — consecutive race.

This year however, racing attracted a new audience who knew the names of horses, recognized industry heavyweights and understood the importance of big competitions.

However, it wasn’t a flawless year for racing. Not just a pretty face, she had more than 900 wins in a career spanning 12 years.

A buzz ripples through the packed stadium as word quickly spreads: “He’s here.”

And it seemed to work. But it’s not an A-list actor or musician throwing the fans into a frenzy. They can be difficult to pin down.”

“It’s a bit of an eccentric world, horse racing. “There was a good six weeks when we lost meetings.”

A weighty issue

In a new digital age, their fame was carefully cultivated. However, the overall figure of 280,000 for all five days was down 14,000 from last year.

It’s the second biggest spectator sport in Britain after football, with around 6 million people heading to the track every year.

Ladies’ Day

Meanwhile, a record 130,000 punters attended the prestigious Epsom Derby in July, which launched Queen Elizabeth’s official jubilee celebrations, making it the largest sports crowd in Britain in 2012.

Dettori’s shame

A sold-out crowd of 32,500 people watched Frankel win Champions Day at Ascot in October — the highest number for an autumn flat racing event in Britain.

International highlights

Whatever the weather, the outlook looks bright for horse racing in 2013.

These were champions of a caliber rarely seen in one generation, let alone competing at the peaks of their careers in the same year.

. The sport’s poster boy, Italian jockey Frankie Dettori, was given a six-month ban earlier this month after failing a drugs test in France.

I’ll Have Another developed a foreleg injury that trainer Doug O’Neill described as “freakish.”

Read: Tall, dark and handsome muse… is a horse

The 36-year-old made history after becoming the first woman to compete in the world’s richest horse race, the $10 million Dubai World Cup, in March.

“When it comes to talking to the media, jockeys are a bit of a challenge. These guys are living and breathing the sport, putting in a huge number of hours. Frankel’s trainer Henry Cecil, who is battling cancer, was also “hugely loved,” Bazalgette added.

Jockeys are put under enormous pressure to meet miniature weight requirements, with sweat suits, saunas, hot baths and starvation are some of the methods used to keep trim.

In Australia, the Melbourne Cup was won by a home horse for the first time since 2009 as Green Moon headed off a strong field of “international invaders.”

Sutherland said she was now looking forward to “cutting loose and having a cheeseburger or some pizza.”

The three-time champion, who earlier announced the end of his long tenure with the Godolphin stable, said it was not a performance-enhancing substance.

Read: Jockey who refused to stay in the kitchen

But some relief is in sight — albeit slight — after the British Horseracing Authority last month raised the minimum weight by two pounds to 8 stone (50 kg), from January next year.

Dubai’s ruler Sheikh Mohammed celebrated as Mikael Barzalona rode Monterosso to victory in the the emirate’s World Cup in April, but the result was somewhat overshadowed by the death of another Godolphin horse, Fox Hunt, in the inaugural Gold Cup held earlier in the meeting.

The biggest challenge for the UK racing industry this year? The great British weather — which forced the cancellation of 119 races up to the start of December.

Weathering the storm

“He’s admitted it was a moment of madness,” Bazalgette said. But once you understand the theater of it, once you know the big names, it becomes so much more enjoyable.”

A lot of the hype was due to celebrity horses such as Frankel and Australia’s Black Caviar, who remains unbeaten in 22 consecutive races and even appeared on the front cover of Vogue.

“Those types of indulgences are not allowed when you constantly have to monitor your weight,” she added.

Story highlights

2012 is a big year in horse racing as 6 million people head to the track

Rise of celebrity horses Frankel and Black Caviar helps create buzz

Female jockey Chantal Sutherland in naked photoshoot before retiring

Biggest challenge is British weather, with 119 races canceled

Across the Atlantic, the winner of the United States’ premier race, the Kentucky Derby, was denied the chance of a Triple Crown after being forced to retire ahead of the Belmont Stakes.

More people were also watching horse racing on TV, with 11 million tuning in to Britain’s biggest competition, The Grand National — up 2 million on last year.

Racing authorities also confirmed that the legendary Secretariat set a record time in winning the 1973 Preakness event, ending a controversy that had lasted almost four decades.

Rise of the celebrity horse

Read: Hidden world of jockey heaving bowls

Far better recognized were celebrity owners such as TV entertainers Ant and Dec, actress Judi Dench and Britain’s Queen Elizabeth. But it’s also an indication of just how far horse racing has come in 2012.

“After the Diamond Jubilee weekend it didn’t stop raining until the end of July,” Bazalgette said. “It’s a shame. Danedream was unable to defend her title due to an outbreak of equine infectious anaemia at the racing yard in the German city of Cologne where she is trained.

But the model perhaps garnered more attention off the track for her naked photoshoot on a horse in Vanity Fair in June.

It’s a testament to the popularity of the celebrity colt who, much like see here

George And Amal Clooney’s First Valentine’s Day Together Was A Romantic One

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

While George is all set to star in the new Disney/Pixar movie Tomorrowland, scheduled for release in May,Amal has a packed agenda, including a visit to the European Court of Human Rights to represent Armenia.

George Clooney decided to take Amal to one of his favorite dinner spots on Saturday night, treating her to a yummy supper at Asanebo in Studio City, California.

During their first few months as a married couple, George and Amal Clooney have already enjoyed some great times together, having celebrated Amal’s 37th birthday on February 1, with a casual dinner with close friends at their home.

While some tabloids have suggested that there are already issues with the new marriage, according to the latest reports, the Clooneys have been seen having a whale of a time together, and were even photographed kissing.

Both George and Amal looked on top of the world when they were spotted leaving the sushi restaurant, holding hands and beaming big smiles.

George and Amal also enjoyed a sun-filled vacation at Cabo San Lucas in Mexico last week, where they were joined by Cindy Crawford and Rande Gerber, according to People Magazine.

Despite some reports to the contrary, George and Amal Clooney are very much in love and enjoying married life together, as they proved on Valentine’s Day.

George And Amal Clooney’s First Valentine’s Day Together Was A Romantic One

George looked his usual dapper self, even though he dressed casually in jeans and a short-sleeved grey button down, while Amal looked the picture of perfection, donning a tan, fringed cape, booties, and an oversized blue clutch.

As well as the vacations and birthday celebrations, George and Amal Clooney have also been keeping busy with red carpet appearances and their careers.

A source told the publication that the foursome, “enjoyed a few days in the sun with friends,” at the El Dorado Golf & Beach Club. see here

I Lost $70K Playing Fantasy Football

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

He really, really loves it. Such is the life of sports fans.

Stein said he doesn’t have debt, but he also doesn’t keep detailed track of his finances. Alex Stein loves watching , playing football and betting on football. Not only does she set aside money for the next season of fantasy football, and she uses the rest to watch her favorite teams, the New York Jets and San Francisco Giants. His voice is full of excitement and happiness, even when he talks about losing thousands of dollars, because he’s still talking about football. “It’s an addiction, honestly, but I don’t think it’s ruined my life.”

Those rewards don’t come without work. “I can’t bet on other players in the NFC East because I hate those guys.” Stein, 27, said he’s lost a lot of money because of his emotional investment in the Cowboys.

Sloane T. He’s not sure exactly how much, but he’s at a net loss over his years of betting. Little else seems to matter. His work in reality TV (behind and in front of the camera), as well as his work as a bail bondsman and car salesman allows him a comfortable lifestyle, to say the least, he said.

Still, her winnings allow her to live the sports-fan life she loves. Some of Stein’s leagues require a $1,000 buy-in, and he bets on college football as well. It’s boring,” Stein said. Still, he loves it. He just has one problem: The Dallas Cowboys.

“I can’t watch a game without putting money on it. He says his alma mater, LSU, usually makes up for a lot of the money he loses on the Cowboys.

“It kills my fantasy team, because I always draft the Cowboys,” Stein said. He’s in five fantasy football leagues (for the uninitiated, that means he has five rosters made up of players around the league, whose performances earn him points against his opponent’s roster), and he also bets on the head-to-head matches.. That last activity has emerged as his favorite over the years, and at times it has been a lucrative pastime. If games are west of the Rocky Mountains, Davis goes.

More From How Much Debt is Too Much?

More From Can Gambling Hurt Your Credit Score?

“I’m down maybe 70 or 80K,” he said. Davis is a self-described sports junkie in Los Angeles who teams up with a friend for fantasy football strategy. Overall, Meyer has won about $10,000 playing fantasy football.

It may seem crazy how someone could lose so much money over fantasy matchups, but betting on football adds up. They had played in leagues separately but wanted to join an expensive league a few years ago ($1,000 buy-in), so they pooled their resources.

Stein is definitely on the extreme side, but he’s not alone when it comes tying finances with football.

They’ve been partners for about 5 years, and they’re currently in two leagues (the other league cost $500 to play, and in both leagues, they split buy-ins and winnings). The other: “Last year we came in second because Matt Forte couldn’t reach a 1-yard hashmark.” It was a huge let-down (a couple hundred dollars’ worth). “We are the reigning champions 3 years in a row,” Davis said of their performance in one league. She and her partner have daily conference calls and discuss roster choices for hours a day, but it makes her happy, and it has paid off see here

Big Red for the Win ~ Movie Review of ‘Secretariat’

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

               IâEUR(TM)ve read some criticism that Penny Chenery (played by Diane Lane) isnâEUR(TM)t really that interesting of a character, but I didnâEUR(TM)t find that necessarily so. Even though she is the central human character in the movie, itâEUR(TM)s not as if the major reason audiences want to see âEUR~SecretariatâEUR(TM) is because it is a story about how an upper-middleclass woman astounded the racing world. In fact it was this back story (a woman versus the horse racing establishment) was an element I didnâEUR(TM)t know anything about and incidentally found intriguing. I think the filmmakers (Randall Wallace directed) did a fine job balancing the strife a woman of her age living through the early seventies versus the story about the horse that Chenery believed in desperately. Besides, whoever was responsible for the clothes she wears throughout the film has me convinced that another resurgence of 70s inspired fashion is welcomed.



         My one complaint about âEUR~SecretariatâEUR(TM) was that it seemed to gloss over the facts, which I suppose is to be expected from a film of this sort, but it is misleading in regards to the idealism that it brings to the screen. For instance, Chenery voices that she doesnâEUR(TM)t want her father put in a nursing home because his Virginia farm is his home, yet in reality he died in a nursing home in New York in early 1973. ItâEUR(TM)s not if I think the father should or should not have been placed in a nursing home as much as I wish it wasnâEUR(TM)t made an issue in the script. I then have to question the wisdom of making rival horse trainer Pancho Martin appear to such an arrogant blowhard, if in fact he was just another trainer who wanted the best for his horse. If he was a fictionalized character that would be different, make him as horrible as you want, but I imagine that Martin still has family living that would probably prefer a more balanced remembrance of him. 

         Overall, I would recommend seeing this film, if not in the theaters, at least on DVD or cable.  It makes for a good film to watch with the family or with friends âEUR” and unlike other films where an animalâEUR(TM)s name is in the title, you wonâEUR(TM)t need a box of tissue with you at the end. 





Westerfield © 2010

         There has been criticism about how the movie has a conservative/Tea Party bent, but I didnâEUR(TM)t find that those elements necessarily detracted my more liberal sensibilities. Although I think, based on his previous work, that Randall Wallace is probably on the conservative side, I argue against that one movie about a horse and horse racing needs to encompass all that was happening in the world at that time from Vietnam to Richard Nixon. Overall, I think the movie did a fine job tempering the oldest Tweedy (CheneryâEUR(TM)s married name was Tweedy) childrenâEUR(TM)s Vietnam protests with the more conservative values of their father as their mother, like many women of her day, wants some recognition for work outside her home sphere. All of those movements alone make for a dramatic film, but this film was about a horse not political and social upheaval. 


        Of course this sort of film has a plethora of interesting characters played by recognizable names; John Malkovich as trainer flamboyant French Canadian trainer Lucien Laurin, Kevin Connolly as an almost unrecognizable sports reporter, Scott Glenn as CheneryâEUR(TM)s father, James Cromwell, Nelsan Ellis as SecretariatâEUR(TM)s devoted groom (major future star alert on Ellis who most know as Lafayette on âEUR~True BloodâEUR(TM)) Dylan Walsh as CheneryâEUR(TM)s husband, Fred Thompson, and Margo Martindale as the faithful Elizabeth Hamm who was the woman responsible for naming Secretariat âEUR~SecretariatâEUR(TM) after several names for the horse were rejected by the racing affiliation âEUR” away from the track Secretariat was called Big Red. Several horses portrayed Secretariat so I suppose there will be no expectation come Oscar time for a nod for the role âEUR” sorry Big Red.


I donâEUR(TM)t think IâEUR(TM)m the only one who sometimes likes to either watch or read a story that I already know the ending. I find there is a level of comfort in knowing the conclusion, but not the journey. This reason among others was why I was looking forward to seeing âEUR~SecretariatâEUR(TM). Further, I knew from the get go that it was going to be a heart-warming (Walt Disney Studios produced it) story featuring a magnificent animal that doesnâEUR(TM)t die in the end unless the filmmakers skipped to 1989 when the real Secretariat went to the great racetrack in the sky. If you are anything like me you can stand one of those âEUR~Marley & MeâEUR(TM) storylines about once every seven years. Plus in all honesty, the story of Secretariat writes itself (horse wins Triple Crown in 1973) so it was up to the fine folks at Disney not to mess it upâEUR¦and thankfully, they didnâEUR(TM)t.

        see here

Second Largest Delaware Park Bad Beat Jackpot Hits for $363,032

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

Delaware Park is located minutes south of Wilmington and the Delaware Memorial Bridge and just north of the Maryland state line on I-95 at exit 4B. For more information on Delaware Park, visit

“The beauty of a Bad Beat is that everyone playing the table shares in the jackpot,” said poker room manager, Kevin Castora. The table’s remaining six players each took home $21,782.

The largest and most recent Bad Beat jackpot at the Casino at Delaware Park was awarded in December 2013 and hit for $383,656.

Lottery Agent for the Delaware Lottery. All games are controlled by the Delaware Lottery. You must be 21 to play.

WILMINGTON, Del.–(BUSINESS WIRE)–On July 26, the Casino at Delaware Park’s second largest Bad Beat jackpot was awarded to eight players who shared $363,032.

. “Since a Bad Beat can be hit any time, it makes playing in our fabulous poker room that much more exciting!”

About the Casino at Delaware Park

The player holding the losing Quad Jacks hand received $163,364, while Michael C., who held the winning Jack High Straight Flush hand, was awarded $90,758.

Delaware Park is a multi-faceted gaming facility offering guests live seasonal Thoroughbred racing, year-round simulcasting from around the globe, live table games, a 25-table poker room and 20-table dedicated tournament room, 2,200 exciting slot machines on two spacious levels, pro football sports parlay betting and White Clay Creek Country Club, featuring a world-class 18-hole championship golf course see here

How to Win At Sports Betting by Joney.tristan

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

You should also know the bets and the payments to be given. Use the losing chance as a springboard of harnessing new betting skills. Many people who have taken part in this game have ended up losing their money. The designers of the gambling made it in such a way that the amount of money people win is less than the amount they make. You will have to know that each wager has risks.

A good bettor should always learn how to play sports betting. However, as a bettor you should know that you should not win on every game you bet. It is good to keep in mind that having good betting skills will be the best winning strategy that will see you earn good cash.

Here, you will find some of the major tips you can apply when betting which will enable you bet on a winning team. It is good to learn on how to beat sports betting so that you earn more.

A good bettor should learn on how to win at sports betting by making use of the internet.. When you are learning on how to win at sports betting, it is good to have knowledge of

will guide them on the ways they can bet and win. You can only improve these skills if you are keen. Try and work on your betting skills once you lose. Do not bet based on yourself drive but based on the knowledge you have on the game.

Betting is a gambling game. You should have good knowledge on the game you are betting on. Without the knowledge of the odds you cannot be able to pick on a winning odd. This will be a good way of

of money you earn depends on the decision you make before you bet. If for example you are betting on football, you should have crucial information about football. Betting is a game where the chances of winning are equal to the chances of losing. You should accept defeat because there is always a winner and a loser in any game. Having your skills improve each time you bet is a good gear towards achieving massive money out of any betting sport. Picking on the team you think has all it takes to be winner will be the crucial decision that will add value to your bet.

When you are learning on how to win at sports betting it is good to know that the amount

sharpening the betting skills. This is a game where you are not aware of the tips to use to win or lose. This means that you should be able to make good decision that will see you win at the end of the game. This will give you the crucial skills and experience needed to win the bets. Knowing how to win at sports betting will be the crucial step of making good earnings out of your bet.

A good bettor should learn on how to win at sports betting by getting a good system that

the participating odds on the game you want to bet. Having the knowledge of the bets will enable you to be ready for the results see here

U.S. Treasury warns casinos on illegal sports betting

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

casinos must take steps to combat illegal sports gambling, the Treasury Department has told an industry group in a letter that came just weeks before the Super Bowl, one of the biggest betting events of the year.

“Increases in sports betting conducted on behalf of third parties are facilitating criminal activity and posing a money laundering risk to the U.S financial system,” the Treasury said in a letter made public on Friday. However, illegal sports betting operations around the world, including online outfits, sometimes offset bets they receive by placing casino wagers, law enforcement sources told Thomson Reuters.

The FinCEN letter was addressed to the president of the American Gaming Association (AGA), the trade group for the U.S. FinCEN noted that prior to the news of its planned guidance, it had been “planning on communicating to the casino industry directly with respect to a particular concern in this regard.”

Runners have been known to loiter at casinos, keeping numerous mobile phones and tablets near them to receive orders from illegal gambling rings.

The letter reminds casinos that the Bank Secrecy Act requires them to ask gamblers whether their bets are for themselves, and to report any wagers for third parties as suspicious activity. casino industry. 24.

The U.S. states including Nevada, home of Las Vegas. LOUIS Fri Jan 16, 2015 6:10pm EST

By Brett Wolf

. 22 Thomson Reuters article, which said the department was likely to press casinos to take a greater role in fighting illegal sport book activity.

ST. The letter also reminds casinos that they must take a risk-based approach to compliance, focusing on gaming that presents the greatest money laundering threat.

The global International Centre for Sport Security reported last year that 80 percent of global sport betting is illegally transacted, and therefore invisible to authorities. The AGA, citing the Thomson Reuters article, had asked FinCEN about its plans to issue guidance.

Link this

Share this

Digg this




(Reporting by Brett Wolf of the Compliance Compelete service of Thomson Reuters Accelus, Editing by Randall Mikkelsen and David Gregorio)

Freeman said the risk of money laundering “is far greater in the vast, unregulated, illegal sports betting market than in the highly regulated, legal gaming industry.

“In these cases, the intermediaries rarely voluntarily disclose to the casino that a transaction is being conducted on behalf of a third party, thereby disguising the third party’s role in the transaction and obscuring the source of funds used to place the bet. 1 yields one of the busiest sports book weekends of the year.

“While casinos routinely look for suspicious bets at sports books and have worked with law enforcement to identify illegal activity, in some cases leading to criminal convictions, no such oversight exists for the illegal sports betting market,” he said.

Regulators and law enforcement authorities are concerned by intelligence suggesting that criminals are making bets with legal sports book operations, using intermediaries, or “runners,” to place bets, the Treasury bureau said.

ST. The report urged governments to correct what it called a vulnerability of sport betting to organized crime.

In a statement responding to FinCEN’s letter on Friday, AGA President and Chief Executive Officer Geoff Freeman said the group “welcomes continued guidance from FinCEN.” He added that “members are committed to robust anti-money laundering measures” and that they “invest significant resources to tailor risk-based compliance programs for every corner of the casino, including sports books.”

Sports gambling is legal in only four U.S. This poses distinct money laundering risks for casinos,” FinCEN said in the letter.

The letter with guidance for casinos from Treasury’s Financial Crimes Enforcement Network (FinCEN) came in response to a Dec. LOUIS (Reuters) – U.S. It said $140 billion is laundered annually through sport betting. The letter was dated Dec. National Football League’s Super Bowl on Feb see here