5 questions: Put money where your bracket is

In his weekly feature, copy editor Ron Davis, in honor of the NCAA basketball tournament, poses five questions to Michael Kindt, of PrecisionPlays.com, a sports handicapping and investment Web site.

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Sat, March 24th, 2007

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Gambling history facts:

  • Many casinos in Nevada were financed by mobsters. Most notable perhaps was Las Vegas' Flamingo which was opened in 1947 by Bugsy Siegel.
  • Las Vegas in Nevada owes its success to the mobster Benjamin "Bugsy" Siegel who organized gaming and bookmaking operations for The Mob (the Mafia).
  • Dice games have existed in one form or another for over 2000 years and were originally played with dice fashioned from the knucklebones of sheep.
  • The first games that we would recognize as modern roulette were introduced in Paris casinos around the end of the 18th century. In the mid 19th century the single zero game was invented in France, this reduced the casino's edge thereby increasing the odds of the player.