Wager Mage
Wager Mage
Photo: Liza Summer
Betting on horse racing declines People outside the state can bet on races taking place in California as well. It's the only form of sports betting currently allowed in the Golden State.
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Scientists, just like anyone else, rarely if ever predict perfectly. No matter what data and mathematical model you have, the future is still...
Read More »In California, you can bet on a horse race, buy a lottery ticket, put money on poker in a card room and play slots at a tribal casino all in the same – potentially expensive – day. Nevada, right next door, is undoubtedly the national capital of all things gambling. But after Nevada, California has the most slot machines of any state – one measure of the state’s betting industry. The gambling industry, like many, took a hit during the pandemic. Nationally, commercial gaming revenue after winnings shrank by more than 25% between 2019 and 2020. Then, in 2021, it came roaring back – even faster than the rest of the economy – and brought in more money than any previous year. Tribal casinos also had a record breaking year in 2021. During this year’s November election, Californians will decide whether they want to expand gambling further and allow sports betting. A pitched battle between gaming companies, tribes, card rooms, and others has broken campaign cash records and has landed two separate initiatives to legalize sports betting on the ballot.
Yeet is a slang word that functions broadly with the meaning “to throw,” but is especially used to emphasize forcefulness and a lack of concern for...
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A bet on the Royals -1.5 means the Royals would have to win the game by two runs or more for the bet to win. If the Royals win 7-6, the bet loses....
Read More »California has the largest tribal gaming sector of any state, as measured by sales, according to a 2018 report from the American Gaming Association. Federally recognized tribes can offer gambling, like slot machines, lottery games and card games if they negotiate a tribal-state compact with the governor. Compacts flesh out details like how state regulators are allowed to inspect casinos and how much gaming revenue tribes share with the state of California or local governments. There are limitations on what tribes can spend gaming proceeds on, focused on the welfare of the tribe and its members, the operations of its government, economic development, charity, and local government agencies. For the Cahuilla Band of Indians, a tribe in Southern California, their casino and hotel, combined with a gas station on their reservation, bring in about 75% of the tribal government’s budget, said Chairman Daniel Salgado. That goes to social services, like child dependency cases; the public works department, which just paved the reservation’s first road about a year and a half ago; the fire department, and more, said Salgado. Because the tribe has fewer than 350 gaming machines, it receives $1.1 million a year from the Revenue Sharing Trust Fund, which tribes with large gaming operations pay into for tribes with limited or no gaming, Salgado said. In 2016, tribal casinos in California supported 124,274 jobs and sold $19.96 billion worth of goods and services – including non-gambling sales like hotel rooms, drinks, and entertainment – according to the American Gaming Association. At convenience stores and gas stations across the state, you can buy lottery tickets and scratchers. Lottery sales have climbed steadily in recent years, from about $3 billion in 2008 to about $7 billion in 2017. Californians voted to create a lottery in part to support public education. K-12 schools receive the lion’s share of the lottery funds going to education and they largely use the money on teacher salaries and instructional materials. However, money from the lottery contributes a very small portion of overall K-12 funding, about 1%. In the 2020-21 budget year, the lottery gave $1.8 billion to public schools. Card rooms, also known as card clubs, are businesses across the state that offer card games like poker and pai gow where players bet against one another. They’ve existed in some form since before California became a state, and were particularly popular during the Gold Rush era. Unlike tribal casinos, card rooms can’t offer slot machines or games where players bet against the house. Card rooms have sometimes run afoul of the law. In 2021, Artichoke Joe’s Casino, a card room in San Bruno, paid a $5 million federal penalty and agreed to pay a $5.3 million settlement with the California Department of Justice for misleading regulators and violating a federal law aimed at combating money laundering. The card room’s violations had gone on for eight years. Several card rooms were ordered to close in 2020 for failing to follow state COVID-19 orders. And in 2019, Hawaiian Gardens Casino, one of the largest card rooms in the state, settled with state attorney for $3.1 million for misleading gambling regulators and paid $2.8 million for violating a federal anti-money laundering law. Some card rooms are a major source of revenue for the local government of the city they are in. The city of Hawaiian Gardens, for example, received about 70% of its revenue from The Gardens Casino in its 2019-2021 budget. At fairs and private race tracks across the state, you can watch horses shoot out of the starting gates and hear the thunder of hooves. You can, however, bet on those races from 23 casinos and county fairs around the state, or even from home. People outside the state can bet on races taking place in California as well. It’s the only form of sports betting currently allowed in the Golden State. The most common bets on horse races are: ‘Win’, where you bet on a horse to win the race
Professional Gamblers All of their proceeds are usually considered regular earned income and are therefore taxed at normal income tax rates....
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Set a Money Limit Bring a set amount of cash and leave cards at home. Set an upper limit. Use a Separate Wallet. Plan your visit beforehand. Set an...
Read More »‘Place’, where you bet on a horse to come either first or second in a race ‘Show’, where you bet on a horse to come in first, second, or third. Animal welfare advocates have taken issue with the sport, especially after a spike in horse deaths at the Santa Anita horse race track in 2019. Forty-two horses died at that track alone that year, causing concern and spawning regulatory change. State lawmakers made it easier for the state to suspend racing licenses. The state board that regulates racing also enacted a new rule restricting how often jockeys can whip horses, put more limits on drugs horses can be given before races, among other changes. In the wake of the new rules, horse deaths fell dramatically, from 144 during the 2018-19 season, to 72 during the 2020-21 season.
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kosten koper 1 KK. The letters KK in housing adverts stand for kosten koper. This means that all the costs involved in buying a house – of...
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Handicap betting provides one team with a goal disadvantage (-0.5, -1, or 1.5 for example) for betting purposes. This can make games with a...
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In November 2021, the state of Florida briefly experienced legalized Florida mobile sports betting. The unexpected release caught almost everyone...
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