Horse Racing Socially Acceptable, Sports Betting & Poker Forced Underground

US Poker – The dust has settled from the 140th Kentucky Derby. California Chrome celebrated in the winner’s circle on Saturday. Bettors that picked California Chrome to win took home $2.50 for every $1 bet.  Many other wagers were placed on the annual betting tradition. Churchill Downs held a large portion of the action. Win, place and show bets saw a 17.5 percent hold. Exotics had 22% taken from the prize pool. This was up from 16 percent and 19 percent in 2013, respectively. Churchill Downs booked $186.6 million in bets on Saturday across the entire race card. Winning bettors…

Is Bitcoin a Legal Loophole for Online Sports Betting in US?

PR Newswire – The Stossel Show, which airs on fox news, brought on Bitcoin Center NYC Policy Associate Naomi Brockwell to talk about how Bitcoin has revolutionized online betting — and made an activity that is illegal in most of the United States accessible to American bettors. Brockwell states, “The way that the ban on internet gaming is enforced is that the government actually targets the intermediary, the financial institutions, that process the payments to the online gaming sites. What’s amazing about bitcoin is it is a peer to peer currency so it doesn’t actually use any of these financial…

England’s football betting busters sanction another player

Inside World Football – An English second-tier striker has been has been handed a suspended three-month ban and fined £60,000 in the latest breach of football’s betting rules to hit English football. Dexter Blackstock, of Nottingham Forest, currently recovering from a serious knee injury sustained while on loan at Leeds United, has been charged with multiple breaches of conduct but will only serve the punishment if he offends again. “Nottingham Forest’s Dexter Blackstock has been suspended from all football activity for three months after he admitted multiple breaches of FA Rule E8 for misconduct in relation to betting,” said a…

Cricket’s anti-corruption unit could be disbanded after failing to police fixing within the game

The Telegraph – Cricket’s anti-corruption unit could be disbanded and turned into the sport’s equivalent of an Interpol service after more than a decade of failing to police fixing within the game. The International Cricket Council’s Anti-Corruption Unit is to be the first victim of the radical restructuring of the world governing body with a review into its future to begin with a meeting in London this month. The review has been commissioned by the new controlling forces at the ICC – India, England and Australia – and will also include Dave Richardson, the ICC chief executive, as patience has…

NFL draft will unfold like a highly competitive game of poker

Seattle Times – When the Seahawks drafted tight end Luke Willson last year, most people probably had two reactions. First, to make a joke about the Seahawks taking an actor (Luke Wilson, one L) in the fifth round. And, second, to look up who the heck Luke Willson (two L’s) was. But Willson offers an interesting window into the draft. He played at Rice with Vance McDonald, another tight end who the 49ers drafted in the second round. Willson was highly productive as a sophomore and junior, but he battled injuries as a senior. His stats dipped significantly. Where McDonald…

Boyle Sports to Sponsor Irish Greyhound Derby

Irish independent bookmaker Boyle Sports has agreed a deal to become a sponsor of the Irish Greyhound Derby through to 2016. Boyle Sports struck the initial three-year deal with the Irish Greyhound Board governing body. Under the agreement, Boyle Sports will also serve as the official betting partner of the IGB. In addition, the bookmaker will continue its support of next month’s Race of Champions at Kingdom Stadium, Tralee. The IGB deal comes shortly after Boyle Sports served as the title sponsor of the 2014 Irish Grand National horse racing event. Boyle Sports owner John Boyle said: “Every year we…