Jockey Club, Hong Kong’s Gambling Monopoly, Bets on Hedge Funds

April 20 (Bloomberg) — The Hong Kong Jockey Club, the Chinese territory’s only legal gambling forum, is raising its bets on hedge funds.

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Wed, April 19th, 2006

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Interesting gambling information:

  • The introduction of the single zero wheel (with better odds for the player) resulted in the demise of the double zero wheels in Europe and has become known as the "French Wheel" in roulette history.
  • Legal gambling operations in Washington reported $1.7 billion in net receipts in 2005: 61 percent was reported by tribal casinos, 10 percent came from the state lottery. 2 percent of responders in a February state survey said they placed bets online.
  • The most popular forms of illegal games are "numbers", which is essentially a lottery, and betting with bookies, typically sports betting.
  • The most popular form of charitable gambling is bingo. In California, bingo is the only charitable game that is legal.