YOU BET YOUR LIFE!

 Sports betting is like playing the stock market.  In order to be successful at it you have to be comfortable with its inherently corrupt nature.  Most betters do not possess the inside information necessary to make an informed decision.

Some of the most brilliant financial geniuses in this country are people you never heard of because they have names like Vito and Sal.  They perfected the techniques of hedging and risk management when the concepts of derivatives and options were just a twinkle in Morgan Stanley's mother's eye.  With all the chaos in the banking industry and the stock market, you don't hear of any problems in sports betting, except for maybe fewer suckers due to a general economic slowdown.

One characteristic trait sports betting shares with the stock market is "pump and dump", which is setting up marks to take unwise positions by generating false publicity.  Companies that want to unload worthless stock frequently bribe analysts and financial writers to generate favorable publicity to lure unwary investors.  Bookmakers will pay sportswriters to intentionally mislead suckers to place unbelievably poor bets.

A blatant example of this is an unbelievably sickening headline in Thursday's New York Post, "Jets Will Be ‘Boy Busters", favoring the Jets to beat the Cowboys by a point spread of 14 points.  Now you would have to be the world's biggest moron to bet the 2-8 Jets over the 9-1 Cowboys at a 14-point spread, but there are probably enough big morons to make it profitable for the betting syndicates to shoot a few bucks to hungry Post writers for them to plant such a juicy piece of bulls** *.

That Post writers accept bribes to write lies and false news is an established fact, as The Post itself was forced to admit earlier this year in response to a lawsuit brought against them by a fired journalist.  The Post admitted that accepting bribes and gratuities in return for publishing favorable stories was not only accepted, but encouraged by News Corp. as a way to keep salaries low.

The Post is not alone in this Porto-San of constitutionally protected expression, but leading with an item of blatant nonsense giving the Jets a 14 point edge over the Cowboys, by whom they were run over, trampled, crushed, flattened and pulverized as though by a steamroller, is the most outrageous example of journalistic abuse this side of communist Pravda.

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Posted on 11/24/2007 ( Permanent Link )
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