Why Ehrlich lost in Simon-Ehrlich wager
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In accordance with Paul Ehrlich’s website: “In 1980, Julian Simon repeatedly challenged environmental scientists to bet against him on trends in prices of commodities, asserting that humanity would never run out of anything. Paul and the other scientists knew that … Read More

Simon-Ehrlich wager
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Julian L. Simon and Paul Ehrlich entered in a famous wager in 1980, betting on a mutually agreed upon measure of resource scarcity over the decade leading up to 1990. Simon had Ehrlich choose five of several commodity metals. Ehrlich … Read More

Scientific wagers
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A scientific wager is usually a wager whose outcome is settled by scientific process. They normally consist of an give to spend a specific sum of dollars on the scientific proof or disproof of some at present uncertain statement. Some … Read More

SP bookmaking
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Starting price or SP bookmaking literally refers to taking bets at fixed odds, i.e. a fixed starting price, as opposed to the totalisator model of betting. This form of gambling was only legal in Australia for bookmakers operating on the … Read More

Spread betting
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Spread bettingis a form of gambling on the outcome of any event where the more accurate the gamble, the more is won and conversely the less accurate the more is lost. A bet is made against a ‘spread’ (or index), … Read More

Internet sportsbooks
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While internet sportsbooks lack face-to-face transactions, they can handle more customers than land based sportsbooks and operate more cost effectively. They pass lower costs on to customers in the form of reduced vigorish (cheaper prices) or bonus incentives. They can … Read More

Sportsbook
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Sportsbook at Wynn Las Vegas, during Super Bowl XLII, February 2008 A sportsbook (sometimes abbreviated as book) or a race and sports book is a place where a gambler can wager on various sports competitions, including football, basketball, baseball, hockey, … Read More

Sports betting systems
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Sports betting systems refers to a set of events that when combined for a particular game for a particular sport represents a profitable betting scenario. Since sports betting involves humans, there is no deterministic edge to the house or the … Read More

Soft lines
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Soft lines is a betting terminology representing betting odds that have been poorly researched by sportsbooks. Handicappers commonly use this term to emphasize the value of their play. Since handicappers can focus on a smaller subset of all the possible … Read More

Proposition bet
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In gambling, a proposition bet (also called a prop bet) is any bet made for a sum of money that involves a proposition. An example is the professional poker player, Howard “The Professor” Lederer, a vegetarian who wagered $10,000 with … Read More

Pick 6
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A pick 6 is a type of wager offered by horse racing tracks. It requires bettors to select the winners of six consecutive races. Because of the great difficulty in picking six straight winners, plus the number of betting interests … Read More

Greyhound racing
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Photo finish of a greyhound race in Tampa, Florida, USA on February 9, 1939. Greyhound racing is the sport of racing greyhounds. The dogs chase a lure (an artificial hare or rabbit) on a track until they arrive at the … Read More

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