http://www.billrini.com/2007/06/22/why-supporters-of-the-uigea-are-full-of-it/ Bill Rini's Poker Weblog Fri, 9 Jan 2009 18:32:23 +0000 http://wordpress.org/?v=2.5.1 http://www.billrini.com/2007/06/22/why-supporters-of-the-uigea-are-full-of-it/#comment-136220 Bill’s Poker Blog » Casino Gambling Web Hits Back Wed, 04 Jul 2007 14:03:40 +0000 http://www.billrini.com/2007/06/22/why-supporters-of-the-uigea-are-full-of-it/#comment-136220 [...] A couple of nice posts over at Casino Gambling Web that take on the Focus on the Family claims that I also took on in a previous post. Casino Gambling Web does some additional fact checking and makes some slightly different arguments than I did so it’s worth a read. [...] [...] A couple of nice posts over at Casino Gambling Web that take on the Focus on the Family claims that I also took on in a previous post. Casino Gambling Web does some additional fact checking and makes some slightly different arguments than I did so it’s worth a read. [...]

]]> http://www.billrini.com/2007/06/22/why-supporters-of-the-uigea-are-full-of-it/#comment-136216 Bill’s Poker Blog » Gambling Fears Overblown? Thu, 28 Jun 2007 11:33:45 +0000 http://www.billrini.com/2007/06/22/why-supporters-of-the-uigea-are-full-of-it/#comment-136216 [...] A few days ago I did a post which was a response to Focus on the Family’s talking points against legalizing online gaming. Many of their points harp on sensationalistic claims about how many problem gamblers are at risk. While I took the position that problem gambling was a medical condition which invalidated some of their points about online gaming turning people into problem gamblers, it seems like some researchers at Harvard University have tackled the problem from another angle. According to the PokerNews article: The study looked at both “fixed-odds” bets (e.g., bets on the outcome of a particular game) and “live-action” bets (e.g., in-game, proposition bets such as which side would have the next corner kick). The fixed-odds bettors averaged placing 2.5 bets of €4 (approx. $5.30 U.S.) every fourth day over an average period of 4 months (from first to last bet) at an average loss of 29% of the amount wagered. The live-action bettors averaged placing 2.8 wagers of €4 every fourth day over an average period of six weeks at an average loss of 18% of the amount wagered. Interestingly, the data showed that “individuals seemed to moderate their behavior based on their wins and losses.” In other words, “as percent lost increased, duration of play, number of bets, bets per day, Euros per bet, and total wagers all decreased.” As the authors point out, such a finding is particularly significant since “a hallmark feature of gambling-related problems might be the continuation of gambling despite adverse consequences.” [...] [...] A few days ago I did a post which was a response to Focus on the Family’s talking points against legalizing online gaming. Many of their points harp on sensationalistic claims about how many problem gamblers are at risk. While I took the position that problem gambling was a medical condition which invalidated some of their points about online gaming turning people into problem gamblers, it seems like some researchers at Harvard University have tackled the problem from another angle. According to the PokerNews article: The study looked at both “fixed-odds” bets (e.g., bets on the outcome of a particular game) and “live-action” bets (e.g., in-game, proposition bets such as which side would have the next corner kick). The fixed-odds bettors averaged placing 2.5 bets of €4 (approx. $5.30 U.S.) every fourth day over an average period of 4 months (from first to last bet) at an average loss of 29% of the amount wagered. The live-action bettors averaged placing 2.8 wagers of €4 every fourth day over an average period of six weeks at an average loss of 18% of the amount wagered. Interestingly, the data showed that “individuals seemed to moderate their behavior based on their wins and losses.” In other words, “as percent lost increased, duration of play, number of bets, bets per day, Euros per bet, and total wagers all decreased.” As the authors point out, such a finding is particularly significant since “a hallmark feature of gambling-related problems might be the continuation of gambling despite adverse consequences.” [...]

]]> http://www.billrini.com/2007/06/22/why-supporters-of-the-uigea-are-full-of-it/#comment-136211 Headlines: Poker, Law, and Politics (06/22/07) « Poker Players Alliance Blog Sat, 23 Jun 2007 03:23:27 +0000 http://www.billrini.com/2007/06/22/why-supporters-of-the-uigea-are-full-of-it/#comment-136211 [...] 22nd, 2007 · No Comments articles: State’s new betting law expected to raise interest in local poker rooms (Naples DailyNews, 06/21/07) 7:55 p.m.: Excise officers address tavern owners (The Herald Bulletin, 06/21/07) Table gaming concerns, questions heard (Herald-Star, 06/22/07) Shuffle up and deal: Texas Hold ‘Em gets city OK (Sweet Home News, 06/20/07) Japan & India Join WTO Claims Against USA- is US Poker Bluffing? (Poker Pages. 06/21/07) Oak Forest OKs fest (The Star, 06/21/07) blogs: Why Supporters of the UIGEA Are Full Of It (Bill Rini, 06/22/07) excerpts: State’s new betting law expected to raise interest in local poker rooms (Naples Daily News, 06/21/07) “It’s not the sunglasses or iPods the players wear. It’s not the eyes gazing for another player’s “tell,” nor the horses racing on every television. Those looking the room over may barely notice players calling or raising, but one observation drowns out all others: the constant clicking of a thousand chips as they hit the room’s 24 tables.” [...] [...] 22nd, 2007 · No Comments articles: State’s new betting law expected to raise interest in local poker rooms (Naples DailyNews, 06/21/07) 7:55 p.m.: Excise officers address tavern owners (The Herald Bulletin, 06/21/07) Table gaming concerns, questions heard (Herald-Star, 06/22/07) Shuffle up and deal: Texas Hold ‘Em gets city OK (Sweet Home News, 06/20/07) Japan & India Join WTO Claims Against USA- is US Poker Bluffing? (Poker Pages. 06/21/07) Oak Forest OKs fest (The Star, 06/21/07) blogs: Why Supporters of the UIGEA Are Full Of It (Bill Rini, 06/22/07) excerpts: State’s new betting law expected to raise interest in local poker rooms (Naples Daily News, 06/21/07) “It’s not the sunglasses or iPods the players wear. It’s not the eyes gazing for another player’s “tell,” nor the horses racing on every television. Those looking the room over may barely notice players calling or raising, but one observation drowns out all others: the constant clicking of a thousand chips as they hit the room’s 24 tables.” [...]

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