Professor urges legalizing Web betting

Normally, the most vociferous calls for legalizing Internet gaming come from the growing online poker-playing community, offshore gambling site operators, civil libertarians and a handful of select members of …

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Fri, July 25th, 2008

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Gambling casinos history:

  • The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
  • Blackjack originated in French casinos around the 1700's where it was called "vingt-et-un" (twenty-and-one) and has been in United States since the 1800's.
  • One of the oldest casinos in Europe, at Baden Baden in Germany, was opened in 1748 by Edouard Benazet, who employed Parisian craftsmen to design the stylish rooms.
  • Horse racing is the best known and widespread parimutuel betting event. Horse racing is the only form of partimutuel wagering legal in California.