Online gambling investors sue mutual fund
Shareholders of two Vanguard Group Inc funds have launched litigation in a Delaware court against the company and fund executives for allegedly investing their money in four illegal offshore Internet gambling businesses, reports the news agency Reuters.
The case again raises the question of whether mutual funds can be held liable for their investments in foreign […]
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Gambling history facts:
- Although the Greeks had a profound understanding of mathematics they had no concept of probability, and assumed that the outcome of games of chance was due to the will of the gods.
- The term "turned the tables" is actually a chess term coming from the mid 1600's. When a player was losing, they would physically turn the chess table to assume the winning side of the table.
- Parimutuel wagering refers to the type of gambling where the total prize pool is based upon the amount of money wagered. The more money gambled, the bigger the prize.
- People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.