WBEZ | gambling http://www.wbez.org/tags/gambling Latest from WBEZ Chicago Public Radio en Yes, people are placing bets on politics. Here's how. http://www.wbez.org/news/yes-people-are-placing-bets-politics-heres-how-112985 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/2335883022_54f3d623cf_z.jpg" alt="" /><p><p>When Donald Trump attacked Sen. Rand Paul, R-Ky., early in Wednesday night&#39;s Republican presidential debate, the crowd at Washington D.C.&#39;s Union Pub roared.</p><p>&quot;Yeah! Boom!&quot; yelled one guy in the packed crowd, as Trump said he &quot;never attacked [Paul] on his looks, and believe me, there&#39;s plenty of subject matter right there.&quot;</p><p>One person in the crowd wasn&#39;t so thrilled, though. It&#39;s not because Michael Burleson was backing Paul, but because he had money riding on the situation. Trading on a website called PredictIt, Burleson had wagered that Trump would not be the candidate with the most speaking time.</p><p>Before the debate began, Burleson explained he was strategically zigging where the market zagged.</p><p>&quot;Everyone in the market is favoring that he&#39;s going to speak the most, and I bet against that,&quot; Burleson explained before the debate started. &quot;I feel like I could make some good money.&quot;</p><p>After the Paul exchange, he wasn&#39;t so sure.</p><p>&quot;I feel like this was a bad bet,&quot; Burleson conceded.</p><p>And it was: Trump ended up with the&nbsp;<a href="http://www.npr.org/sections/itsallpolitics/2015/09/16/440827414/on-the-clock-who-spoke-the-longest">most speaking time</a>.</p><p>But Burleson said the Trump wager aside, he&#39;s been earning money on PredictIt, an increasingly popular site that allows traders to buy and sell shares on political topics.</p><p><strong>Who&#39;s behind this and how does it work exactly?</strong></p><p>The site is run by John Arisotle Phillips, who also heads one of the country&#39;s largest political data gathering-operations. PredictIt has been online for a little less than a year, and allows traders to buy &quot;yes&quot; or &quot;no&quot; shares in specific questions about politics and upcoming elections.</p><p>&quot;It&#39;s a winner-take-all $1 contract, where one person is saying, &#39;Yes this will happen,&#39; and one person is saying, &#39;No, it won&#39;t happen,&#39;&quot; explained Phillips at a PredictIt debate watch party in Washington, D.C. &quot;And we put the &#39;yes&#39; person together with the &#39;no&#39; person, and that&#39;s how we get the market.&quot;</p><p>The value of the yes or no options rise and fall depending on supply and depend, just like in any other stock market. PredictIt offers all sorts of questions:</p><ul><li>Who will win the Iowa caucuses? (Bernie Sanders is trading ahead of Hillary Clinton on the Democratic side.)</li><li>Will the government shut down on October 1? (&#39;No&#39; was trading at 67 cents a share there as of Thursday afternoon.)</li></ul><p>Traders can buy or dump stock at any point, though PredictIt takes a cut of profits.</p><p><strong>How is this legal?</strong></p><p>If this sounds familiar, that&#39;s because another site, Intrade, offered similar markets &mdash;<a href="http://www.buzzfeed.com/andrewrice/the-fall-of-intrade-and-the-business-of-betting-on-real-life#.ky9madZqR">until it shut down</a>&nbsp;after U.S. Commodity Futures Trading Commission filed a lawsuit.</p><p>Phillips, though, asked for, and received, permission to operate from the commission. Among the restrictions imposed by the agreement: $850 limits on trades. The site is technically an educational project, as Aristotle&#39;s company is partnering with a New Zealand university to run the site. Phillips said data is being made available to other schools, as well.</p><div class="bucketwrap statichtml" id="res441302018" style="box-sizing: border-box; margin: 0px 0px 27px; padding: 0px 15px; border: 0px; font-stretch: inherit; font-size: 14px; line-height: 18.6667px; font-family: Helvetica, Arial, sans-serif; vertical-align: baseline; position: relative; float: none; width: auto; clear: left; background-color: rgb(255, 255, 255);"><div id="responsive-embed-debate-betting-20150915" style="box-sizing: border-box; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; text-align: center;"><p data-pym-src="http://apps.npr.org/dailygraphics/graphics/debate-betting-20150915/child.html">&nbsp;</p><script src="http://apps.npr.org/dailygraphics/graphics/debate-betting-20150915/js/lib/pym.js" type="text/javascript"></script></div></div><div class="listenicon" style="box-sizing: border-box; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; position: absolute; z-index: 1; top: 11px; left: 10px;">&nbsp;</div><h3><strong>Who was the best bet in Wednesday&#39;s debate?</strong></h3><p>During the debate Wednesday night, traders were offered a chance to buy shares in the candidate they thought would get the best polling bounce from the debate. As the three-hour-plus forum went on, one candidate stood out from the pack: Carly Fiorina.</p><p>Based partially on her performance in the August &quot;JV&quot; debate, Fiorina stock was selling higher than any other candidate before the debate began. About an hour into the forum, right after her answers about Iran and Planned Parenthood and her exchange with Trump about his recent critique of her &#39;face,&#39; Fiorina&#39;s stock began to rapidly climb.</p><p>That was good news for Christopher Knight, a PredictIt trader attending the site&#39;s watch party, who bought Fiorinia shares before the event began.</p><p>Knight has only been using the site for a week, but he&#39;s already knee-deep in trades.</p><p>&quot;I have some shares on Bernie [Sanders],&quot; he said. &quot;Even if he doesn&#39;t win, I think his support is going to continue to increase for awhile. I&#39;ve got some money on the government shutdown. You name it, I&#39;m well diversified.&quot;</p><p><strong>Are people really making money off this?</strong></p><p>Daniel Kaseff is another well-diversified trader. He has one of PredictIt&#39;s highest returns-on-investment, and pocketed more than $1,200 in earnings on his way to the site&#39;s August debate-viewing party, because he noticed a new poll had changed the dynamics of a question about President Barack Obama&#39;s approval rating.</p><p>He said the site initially caught his eye because he was interested in both politics and economics.</p><p>&quot;And then you get into it,&quot; Kaseff said, &quot;and you think, OK, I can actually make some money on this.&quot;</p><p>He initially dropped $20 into the site, and trade after trade after trade, saw that grow to more than $5,000.</p><p>But here&#39;s the thing about Kaseff: he almost didn&#39;t get into Wednesday&#39;s debate party, because he&#39;s not old enough to drink.</p><p>The 19-year-old George Washington University sophomore was sipping a cup of water as he discussed his earnings, his strategies, and his future plans.</p><p>&quot;I don&#39;t really know,&quot; when asked what he hoped to do post-graduation, &quot;probably something related to politics. That&#39;s my major, and it&#39;s working out for me so far.&quot;</p><p>&nbsp;</p><p>&mdash; <a href="http://www.npr.org/sections/itsallpolitics/2015/09/18/441293531/yes-people-are-placing-bets-on-politics-heres-how?ft=nprml&amp;f=441293531" target="_blank"><em>via NPR&#39;s </em></a><em><a href="http://www.npr.org/sections/itsallpolitics/2015/09/18/441293531/yes-people-are-placing-bets-on-politics-heres-how?ft=nprml&amp;f=441293531" target="_blank">It&#39;s</a></em><a href="http://www.npr.org/sections/itsallpolitics/2015/09/18/441293531/yes-people-are-placing-bets-on-politics-heres-how?ft=nprml&amp;f=441293531" target="_blank"><em> All Politics</em></a></p></p> Fri, 18 Sep 2015 12:37:00 -0500 http://www.wbez.org/news/yes-people-are-placing-bets-politics-heres-how-112985 Leagues embrace a big-payout evolution in fantasy sports http://www.wbez.org/news/leagues-embrace-big-payout-evolution-fantasy-sports-112975 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/ap_97782590011_wide-4ebb099b335678f7d8c3c4e63adecbb231f06215-s800-c85.jpg" alt="" /><p><p>&quot;On FanDuel I&#39;ve won over $62,000 &mdash; try FanDuel today.&quot;</p><p>&quot;This is DraftKings. Welcome to the big-time. You can play when you want with the team you want. Just pick your contest, pick your team, and pick up your winnings.&quot;</p><p>These types of ads have been inescapable on NFL broadcasts so far this season. They are encouraging fans to play a type of fantasy sports game &mdash; and bet real money on their performance.</p><p>DraftKings and FanDuel each say they&#39;ve raised hundreds of millions of dollars from investors and paid out millions in prize money to winners. That success has become apparent in the sheer saturation of ads on sports broadcasts, podcasts, websites and more.</p><p>The business has become so big that some professional sports leagues are getting a piece of the action.</p><div id="res441305302"><div data-crop-type="" style="text-align: center;"><img alt="Devlin D'Zmura, a trending news manager at DraftKings, works on his laptop Sept. 9 at the company's offices in Boston." src="http://media.npr.org/assets/img/2015/09/17/ap_312823411334-f8815489e3872944274c9000ac91ee600d3da457-s400-c85.jpg" style="width: 540px; margin-top: 5px; margin-bottom: 5px; height: 404px;" title="Devlin D'Zmura, a trending news manager at DraftKings, works on his laptop Sept. 9 at the company's offices in Boston. (Stephan Savoia/AP)" /></div><div><p>The websites want to change the way that fantasy sports traditionally have been played. About 50 million people in North America play fantasy sports games each year, but until recently they&#39;ve been low-level competitions among friends, neighbors and co-workers, often for little more than bragging rights.</p></div></div><p>Typically the games start with the pool of players in a professional league &mdash; the NFL or Major League Baseball, for instance &mdash; who are then drafted onto fantasy teams by a dozen or so fans playing against one another.</p><p>If your team&#39;s pro players &mdash; who typically play for many different teams in real life &mdash; do well in their games, then based on their stats, you do well in your fantasy game.</p><p>These sorts of games were played for decades using pens, paper and newspaper box scores, but the Internet made them much easier to organize and run, so most major sports sites got involved.</p><p>What companies like FanDuel and DraftKings have done is broken down what usually have been season-long competitions into many single-day contests &mdash; while pulling a lot more money into the games.</p><div id="res441305181">DraftKings, for instance, runs a contest every week with a $20 entry fee and a grand prize of $2 million.</div><p>&quot;It&#39;s just one of those things that, once you do it, and you&#39;re already into fantasy sports, you will get hooked immediately,&quot; says John Reidy, a sports fan from Denver. &quot;Because you get to pick something new every week &mdash; and I know that&#39;s what the commercials say, but it&#39;s really true.&quot;</p><p>For Monday Night Football, when the Minnesota Vikings played the San Francisco 49ers, Reidy had money on the line. But he wouldn&#39;t win or lose based on which team won, or by how the teams performed against the point spread.</p><p>Instead, it was about how players Reidy had drafted &mdash; including longtime Vikings running back Adrian Peterson, &quot;which I&#39;m not thrilled about,&nbsp;<a href="http://www.npr.org/tags/349175960/adrian-peterson">don&#39;t really like him as a person</a>, but he&#39;s a great fantasy asset,&quot; he says &mdash; would perform versus the teams others in the competition had drafted.</p><p>Reidy was up a few points going into Monday&#39;s game, but the next-best team had 49ers running back Carlos Hyde, and could catch up if Hyde had a better game than Peterson.</p><p>Reidy: &quot;Annnnnnd I lost.&quot;</p><p>Former league MVP Peterson ran for just 31 yards, while Hyde, making his first NFL start,<a href="https://youtu.be/FbXkLCdxfP4"> got 168 yards and scored two touchdowns.</a></p><p>&quot;Very frustrating,&quot; Reidy says. &quot;But the beauty of it is that I can try again next week.&quot;</p><p>That&#39;s the way these companies market themselves &mdash; instant cash, instant gratification, and a clean slate as soon as the day&#39;s or week&#39;s games are over.</p><p>It&#39;s been near-instant gratification for the companies involved too, says John Ourand with Sports Business Daily: DraftKings and FanDuel didn&#39;t even exist five years ago but so far this year have spent $500 million on TV ads.</p><p>Much of that money came from big-name investors.</p><p><img alt="FanDuel co-founder and CEO Nigel Eccles" src="http://media.npr.org/assets/img/2015/09/17/21504221_h39349054-4b1257b990e96edebb5384559fed2aac9b9bf9ba-s400-c85.jpg" style="height: 233px; width: 310px; margin-left: 5px; margin-right: 5px; float: right;" title="FanDuel co-founder and CEO Nigel Eccles (Brendan McDermid/Reuters /Landov)" /></p><p>&quot;If you take a look at the list of investors in let&#39;s just say FanDuel, you have the NBA, Google Capital, you have Time-Warner, Turner Sports, NBC Sports, Comcast,&quot; Ourand says. &quot;DraftKings, if you take a look at the sponsorship deals that they&#39;ve signed with individual teams, it&#39;s Cowboys, Broncos, Patriots. And their investors are another who&#39;s who &mdash; MLB, the NHL ... Major League Soccer. ... You have big, blue-chip media companies and sports leagues that are investing in these two companies because they see a lot of potential in daily fantasy.&quot;</p><p>The windfalls from professional sports leagues and teams may seem unusual, given their long-standing opposition to legalized gambling. But the leagues know that fantasy players are more engaged than the average fan &mdash; and more willing to watch a game they otherwise might not care about, which means higher TV ratings.</p><p>And while players on FanDuel, DraftKings and other sites put up money for a chance to win a lot more, it&#39;s not considered betting &mdash; thanks to an exemption in a 2006 law regulating online gambling.</p><p>Nigel Eccles, CEO and co-founder of FanDuel, says it&#39;s a game of skill, not chance.</p><p>&quot;When Congress sat down to decide what was legal and illegal, they clearly made a distinction that fantasy sports was legal,&quot; he says.</p><p>Of course, back in 2006, fantasy sports were mostly just small-time games among friends. Today, they&#39;ve become a gigantic, still-growing industry &mdash; with a lot of money on the line.</p><p>&mdash;<a href="http://www.npr.org/2015/09/18/441297826/pro-leagues-embrace-a-big-payout-evolution-in-fantasy-sports?ft=nprml&amp;f=441297826"><em> via NPR</em></a></p></p> Fri, 18 Sep 2015 10:28:00 -0500 http://www.wbez.org/news/leagues-embrace-big-payout-evolution-fantasy-sports-112975 Reissued city guide explores Chicago’s illicit pleasures circa 1893 http://www.wbez.org/series/dynamic-range/reissued-city-guide-explores-chicago%E2%80%99s-illicit-pleasures-circa-1893-107596 <p><div class="image-insert-image "><img alt="" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/1893%20ferris%20wheel%20LOC.jpg" style="height: 315px; width: 620px;" title="The first Ferris Wheel, erected for the 1893 World’s Columbian Exhibition in Chicago, was just one of many diversions available to fairgoers. (Library of Congress/American Memory Collection)" /></div><p>Recent <a href="http://www.wbez.org/news/economy/chicago-ministers-oppose-gambling-expansion-107374">clashes over</a> <a href="http://www.wbez.org/news/illinois-senators-clash-gambling-regulator-over-chicago-casino-106602">casino expansion</a> in Illinois make it easy to forget that gambling was once a leisure staple in Chicago.</p><p>Not in today&rsquo;s slot machine heavy, Horseshoe Casino extravaganza sort of way, of course. In 1890s, Chicago gambling took place in back alley saloons, tony parlors and other dens of sin. (And, depending on how you looked at it, at the Chicago Board of Trade. One observer wryly cautioned readers that buying futures was &ldquo;just another way to lose one&rsquo;s money betting against the house.&rdquo;)</p><p>That admonition is just one of many offered up by the anonymous author(s) of <em>Chicago by Day and Night: The Pleasure Seeker&rsquo;s Guide to the Paris of the Americas</em>, an 1892 guide to Chicago&rsquo;s entertainment nooks and crannies offered to tourists and travelers who flocked to Chicago by the hundreds of thousands for the World&rsquo;s Columbian Exhibition. Beyond gambling, the book warns male visitors to steer clear of lecherous, short-term golddiggers, in a chapter titled &ldquo;As to Adventuresses,&rdquo; and encourages tamer pleasure-seekers to visit some of the city&rsquo;s earliest museums.</p><p>The original pressing of <em>Chicago by Day and Night</em> was lost to history, obsolete by the time the fair ended. But the book has now been resurrected by Northwestern University Press, along with explanatory annotations by Bill Savage, a senior lecturer at the school, and Paul Durica, a newly minted University of Chicago PhD who offers <a href="http://vimeo.com/46907235#">whimsical walking tours and reenactments</a> through his series Pocket Guide to Hell.</p><p>Savage and Durica have collaborated prior to this, on a Nelson Algren-themed bar crawl and other events. And while Savage concentrates on 20th century history, Durica&rsquo;s an expert on the 19th century. So when he was pressed by acquisitions editor Michael Levine, Savage agreed to write the guide&rsquo;s introduction &ndash; but only if Durica was on board to help.</p><p>Durica said they decided to annotate the original book as well because it was &ldquo;a document of the moment.&rdquo;</p><p>&ldquo;We&rsquo;re 120 years removed,&rdquo; he said. &ldquo;A lot has changed.&rdquo;</p><p>Those gambling dens, and other houses of pleasure? Gone, Durica says, the victim of the 1894 global economic crash. &ldquo;Places oriented around leisure and sensual pleasure went out of business,&rdquo; he said. &ldquo;They were some of the first things to fold.&rdquo;</p><p>Felled, but not forgotten. Hear Durica and Savage tag-team a reading from their chapter on gambling in the audio above.</p><p><em><a href="http://www.wbez.org/series/dynamic-range">Dynamic Range</a> showcases hidden gems unearthed from Chicago Amplified&rsquo;s vast archive of public events and appears on weekends. Bill Savage and Paul Durica spoke at an event presented by the Newberry in May of 2013. Click <a href="http://www.wbez.org/series/chicago-amplified/chicago-day-and-night-pleasure-seeker%E2%80%99s-guide-paris-america-meet-editors">here</a> to hear the event in its entirety.</em></p><p><em>Robin Amer is a producer on WBEZ&rsquo;s digital team. Follow her on Twitter <a href="http://twitter.com/rsamer">@rsamer</a>.</em></p></p> Fri, 07 Jun 2013 16:31:00 -0500 http://www.wbez.org/series/dynamic-range/reissued-city-guide-explores-chicago%E2%80%99s-illicit-pleasures-circa-1893-107596 Illinois gambling expansion still up in the air http://www.wbez.org/news/illinois-gambling-expansion-still-air-107459 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/RS3576_4682386-men-s-hands-shuffle-a-deck-of-cards-at-a-casino-table_1.jpg" alt="" /><p><p>SPRINGFIELD, Ill. &mdash; The sponsor of a measure to establish five new casinos in Illinois says final negotiations are ongoing.</p><p>Rep. Robert Rita&#39;s the bill&#39;s sponsor. The Blue Island Democrat told The Associated Press Friday that he&#39;s optimistic but talks with Gov. Pat Quinn&#39;s office and others now include numerous issues. That includes oversight of a Chicago casino and questions about revenue from a proposed casino in the south suburbs.</p><p>Recently Cook County Board President Toni Preckwinkle requested that county government get revenue.</p><p>Rita says the framework of the bill is still the same. That is, five new casinos including ones in Rockford and Danville.</p><p>But final drafts are still being written. He says the uncertainty is typical at the end of session.</p><p>Lawmakers adjourn Friday.</p></p> Fri, 31 May 2013 11:19:00 -0500 http://www.wbez.org/news/illinois-gambling-expansion-still-air-107459 Negotiations continue over gambling expansion in Illinois http://www.wbez.org/news/negotiations-continue-over-gambling-expansion-illinois-107418 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/bob rita.JPG" alt="" /><p><p>Supporters of gambling expansion in Illinois are scrambling to negotiate the bill in Springfield.</p><p>A plan to add five casinos in Illinois, including one in Chicago, is still being negotiated as state legislators are scheduled to end their session on Friday.</p><p>State Rep. Bob Rita, D-Blue Island, sponsors the bill.</p><p>He said he wants to pass the gambling expansion package by Friday, but he doesn&rsquo;t know how the governor feels about the plan.</p><p>&ldquo;I guess I&rsquo;d like to know where the governor is on this issue,&rdquo; Rita told reporters Wednesday. &ldquo;And if the intent is Chicago should be out of this bill, he should say that.&rdquo;</p><p>Rita said if the Chicago casino is removed from the plan, it wouldn&rsquo;t have enough support.</p><p>The plan also allows horse racing tracks in the state and airports to add slot machines. Rita said the airport slots were still being negotiated.</p><p>Gov. Pat Quinn has said he would not support a gambling plan if lawmakers do not approve a pension reform bill first. Quinn has vetoed two previous gambling expansion bills.</p><p>The head of the Illinois Gaming Board, Aaron Jaffe, has said he has concerns about oversight of a Chicago casino.</p><p><em>Tony Arnold covers Illinois politics for WBEZ. Follow him <a href="https://twitter.com/tonyjarnold" target="_blank">@tonyjarnold</a>.</em></p></p> Wed, 29 May 2013 12:57:00 -0500 http://www.wbez.org/news/negotiations-continue-over-gambling-expansion-illinois-107418 Bleacher bums arrested in 1920 http://www.wbez.org/blogs/john-r-schmidt/2013-05/bleacher-bums-arrested-1920-107259 <p><p>On May 24, 1920 the Chicago police staged their biggest gambling raid in years. Forty-seven people were arrested at a single location&mdash;the bleachers at Cubs&rsquo; Park.</p><p>Club officials had been aware of the problem for some time.&nbsp;The gamblers had staked out their own section of the stands.&nbsp;Anybody in the park who wanted to place a bet knew exactly where to find the action.</p><div class="image-insert-image ">So undercover cops infiltrated the open-air casino.&nbsp;They wore various disguises&ndash;&quot;teamsters, sailors, soldiers, ice wagon drivers, sewing machine agents, bootblacks, farmers,&quot; the <em>Tribune </em>reported.&nbsp;They ate peanuts and drank pop like ordinary fans.&nbsp;They watched the gamblers operate.</div><div class="image-insert-image "><div class="image-insert-image "><div class="image-insert-image "><img alt="" class="image-original_image" src="http://llnw.wbez.org/styles/original_image/llo/insert-images/05-24--image.jpg" title=" 'Five bucks says the runner on first doesn't score!' (Library of Congress)" /></div></div></div><p>The Cubs were playing the Phillies. Once the gamblers knew who was pitching, they could calculate the odds and accept wagers on the outcome of the game.</p><p>When play got underway, the action in the bleachers was even more intense.&nbsp;Now there was betting on each pitch.</p><p>&quot;Ten cents says he swings!&quot;</p><p>&quot;A dollar the pitcher changes his windup on the next one!&quot;</p><p>&quot;Two bits they send in a pinch-hitter the next time around!&quot;</p><p>&quot;Who wants ten dollars on the runner?&nbsp;Ten dollars says he streaks down to second!&quot;</p><p>At the end of the first inning, the undercover cops all stood up.&nbsp;In one voice, they announced: &quot;You&rsquo;re all under arrest!&quot;</p><div class="image-insert-image "><img alt="" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/05-24--LofC.jpg" title="'Okay--double or nothing the next guy doesn't score!' (Library of Congress)" /></div><p>The gamblers went meekly.&nbsp;One of them tried the sympathy angle. &quot;Do you want to break up a home?&quot; he pleaded to the nearest officer. &quot;My wife will get a divorce if she finds out about this.&quot;</p><p>The cop was unmoved. &quot;Six bits says she finds out,&quot; was his answer.</p><p>At the Town Hall Station, the 47 gamblers were charged.&nbsp;They were each released on $25 bond. Four of them didn&rsquo;t have enough money.&nbsp;They&rsquo;d have to spend the night in jail, and probably lose their night-shift jobs.</p><p>Then one of the other accused men stepped forward and posted bond for the four.&nbsp;He didn&rsquo;t know any of them, but that made no difference. &quot;I have faith in human nature,&quot; the Good Samaritan said. &quot;I&rsquo;m betting they show up in court.&quot;</p><p>What happened next?&nbsp;The papers lost interest in the story, and nothing more was reported.&nbsp;The final decisions are buried somewhere in a set of musty court files.</p><p>Cubs&rsquo; Park is now called Wrigley Field.&nbsp;Is there still gambling in the bleachers?</p><p>Wanna make a bet on it?</p></p> Fri, 24 May 2013 05:00:00 -0500 http://www.wbez.org/blogs/john-r-schmidt/2013-05/bleacher-bums-arrested-1920-107259 Bulls odds improving after Game 1 upset http://www.wbez.org/news/bulls-odds-improving-after-game-1-upset-107090 <p><p>After a surprising Game-1 win against the Miami Heat Monday night, the Bulls&rsquo; odds seemed to be improving. But before what some have called the playoff upset of the decade, the battered Bulls were hardly a safe bet.</p><p><img alt="" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/bulls2.jpg" style="float: left;" title="Chicago Bulls forward Carlos Boozer dunks the ball against Miami Heat guard Dwyane Wade in Game 1 of the Eastern Conference Semifinals. The Bulls lead the series 1-0. (AP/File)" />The Heat are the reigning champions and overwhelming favored to repeat.<br /><br />In a ceremony before Monday night&rsquo;s game, LeBron James was named the league&rsquo;s most valuable player for the fourth time in five years.</p><p>The only player to interrupt his reign was Derrick Rose.</p><p>But Rose didn&rsquo;t play in Game 1...or any other matchup this season.</p><p>And yet the Bulls managed to knock King James &ndash;&nbsp;and oddsmakers &ndash;&nbsp;off their game Monday night.</p><p>In fact, Miami was so favored to win the series that in order to win a single dollar off a bet in their favor, you&rsquo;d have to put up $30. Again, to win a dollar...you&rsquo;d have to bet 30.</p><p>But then the Bulls won--and the odds began to change.</p><p>&ldquo;A lot of people are betting on the Bulls tonight with the points...it&rsquo;s a lot of points, with 12 points. One book said it&rsquo;s like 80 percent of the bets so far were on the Bulls,&rdquo; David Purdum explained.</p><p>Purdum covers the sports-betting industry for<a href="http://www.OddsShark.com"> OddsShark.com</a>. He said the Bulls odds may still improve if they can get healthy. But, that some players&rsquo; return is more impactful than others.</p><p>&ldquo;Luol Deng coming back would even surpass the impact on the line that Derrick Rose, if he was to decide to play. You just don&rsquo;t know what you&rsquo;re going to get out of Rose,&rdquo; said Purdum.</p><p>Rose and Deng have both been ruled out for Wednesday&rsquo;s game.</p><p>But here&rsquo;s to Bull-ieving...</p><p><em>Katie O&rsquo;Brien is a WBEZ reporter and producer. Follow her <a href="http://www.twitter.com/katieobez">@katieobez</a>.</em></p></p> Wed, 08 May 2013 18:12:00 -0500 http://www.wbez.org/news/bulls-odds-improving-after-game-1-upset-107090 Slots at O’Hare, Midway Airports still up in the air http://www.wbez.org/news/slots-o%E2%80%99hare-midway-airports-still-air-107017 <p><p>Ill. Gov. Pat Quinn said he&rsquo;ll be reviewing a new gambling expansion bill that passed the state senate this week, including the part about adding slot machines to Chicago&rsquo;s airports. Quinn has vetoed two plans to expand gambling in recent years that would&rsquo;ve added casinos around Illinois, including one in Chicago.</p><p dir="ltr">One of those failed bills included a measure that allowed O&rsquo;Hare International and Midway Airports to install slots.</p><p dir="ltr">Quinn has been critical of slots at airports before. And that component is back in the latest gambling expansion bill approved by state senators.</p><p dir="ltr">&ldquo;The governor&rsquo;s point of view on this is very critical to making it happen,&rdquo; said State Rep. Lou Lang, who&rsquo;s supporting the bill in the House.</p><p dir="ltr">Lang said the whole concept of adding slots at O&rsquo;Hare and Midway is still up in the air.</p><p dir="ltr">&ldquo;I am not in any way wedded to it,&rdquo; he said.</p><p dir="ltr">Lang said it&rsquo;s still being negotiated.</p><br /><p><em>Tony Arnold covers Illinois politics at WBEZ. Follow him <a href="https://twitter.com/tonyjarnold">@tonyjarnold</a>.</em></p></p> Fri, 03 May 2013 17:19:00 -0500 http://www.wbez.org/news/slots-o%E2%80%99hare-midway-airports-still-air-107017 Indiana lawmakers propose casino tax cut http://www.wbez.org/news/indiana-lawmakers-propose-casino-tax-cut-105046 <p><p>Indiana lawmakers are proposing to cut riverboat casino taxes and allow the floating gambling halls to move onto land to help them face growing competition from neighboring states.</p><p>A state Senate committee is expected to take up a bill this week overhauling casino taxes, although estimates aren&#39;t available on how much money might be involved.</p><p>The debate comes as Indiana is projecting its casino tax revenue will drop 15 percent over the next three years from what was collected last year.</p><p>Republican Sen. Phil Boots of Crawfordsville says changes are needed to keep Indiana&#39;s ten riverboat casinos &quot;in the game.&quot; But many state lawmakers are leery of supporting steps perceived as allowing an expansion of gambling.</p><p>New casinos in Ohio, Michigan and&nbsp;Illinois&nbsp;are providing competition for Indiana&#39;s casinos.</p></p> Mon, 21 Jan 2013 11:24:00 -0600 http://www.wbez.org/news/indiana-lawmakers-propose-casino-tax-cut-105046 Gambling expansion back on Illinois governor's desk http://www.wbez.org/news/politics/gambling-expansion-back-illinois-governors-desk-104789 <p><p>In a surprise move, a bill to greatly expand gambling in Illinois is on Gov. Pat Quinn&rsquo;s desk.</p><p>Illinois Senate President John Cullerton had used a parliamentary move to hold the bill, although it had passed both the House and the Senate in 2011. Cullerton&nbsp;released the bill Tuesday, sending it to the governor.</p><p>The measure calls for the creation of several new casinos in Illinois and adding slot machines at race tracks and at O&rsquo;Hare and Midway airports.</p><p>A spokeswoman for the governor&rsquo;s office had no immediate comment on the move, but the governor has criticized other gambling expansion efforts for not having strict enough ethics controls and for expanding gambling too much.</p></p> Wed, 09 Jan 2013 05:00:00 -0600 http://www.wbez.org/news/politics/gambling-expansion-back-illinois-governors-desk-104789