Bookmaking and Wall St.
October 19, 2012 1 Comment
Turf accountants, looking to sell a dog, find a patsy. Being juiced to push that underdog, the bookies lead gamblers to believe their product is a lock. However the pitch, being already fixed, the punter is predestine to lose. The bookie is the winner in this racket. Winning that allow those bookies to double down on new, and even riskier investment vehicles. A Martingale system, that only benefits the bookmaker.
In this organized crime, we see only fines. There was a day, when conspirators operating a giant boondoggle, were tried for racketeering. Ah, the good old days, when we prosecuted criminals.