Options backdating reveals flawed system

In one of the Back to the Future movies, Biff the villain got rich betting on sports after retrieving a record book from the future.

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Sat, July 1st, 2006

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Interesting gambling facts:

  • The major differences between regular poker and video poker is that you are playing against a machine rather than real people, and your goal is to achieve particular hands rather than beat opponents hands.
  • If you have even seen a Baccarat player bend the cards and make a fold in them, don't be surprised. This is common because once the decks in the card shoe are finished in Baccarat, they are usually thrown away. In Baccarat, do not bet on a tie hand.
  • By the 1370s, playing cards had reached Europe in a form that is recognizable today, with a pack consisting of 52 cards with suits of swords, polo-sticks, cups and coins.
  • Dog racing (a race among greyhounds who chase after a mechanical rabbit) operates in 17 states. Jai-alai (a game similar to handball) is legal in just three: Connecticut, Florida, and Rhode Island.