MIT Blackjack Team

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The MIT Blackjack Team, as the name suggests, was a group of students and ex-students from the Massachusetts Institute of Technology who attempted to beat casinos at blackjack worldwide. The team and its successors operated from 1979 through the beginning … Read More

Martingale roulette system

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Originally, martingale referred to a class of betting strategies popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it … Read More

Bookmakers

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A bookmaker, bookie or turf accountant, is an organisation or a person that takes bets and may pay winnings depending upon results and, depending on the nature of the bet, the odds. Bookmaking may be legal or illegal, and may … Read More

Psychological aspects of gambling

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Though many participate in gambling as a form of recreation or even as a means to gain an income, gambling, like any behavior which involves variation in brain chemistry, can become a psychologically addictive and harmful behavior in some people. … Read More

Betting scandals

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Historically, sports betting has been associated with a number of unsavory characters, which has a lot to do with its desultory legal treatment throughout the world. Organized crime notoriously has relied upon sports betting for money laundering or funding purposes. … Read More

Netherlands will act against the companies that infringe online gambling ban

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The Dutch justice ministry introduced new regulations that will held criminally liable the banks and credit card companies that will facilitate online gambling on foreign sites for the Dutch citizens. In accordance with Dutch News, in some months it will … Read More

Bank manager, suicide for gambling

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Robert Catalin Pascu, the manager of a Bancpost bank agency in Bucharest, Romania, tried to suicide a on January 4th, because he lost about $120,000 at several casinos (about $60,000 at the Marriott Hotel casino). He tried first to hang … Read More

Mobile gambling redivivus?

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Balderton Capital (formerly Benchmark Capital Europe) is financing the UK-based gambling company betNOW. This way gamblers can place bets via text message, with the actual wagers charged to phone bills. Winnings can be picked up at local post offices. Balderton … Read More

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