Tag Archives | Gambling

Football Fan Loses House Betting On Team; Other Bettor Staked Car Plus Wife

Robin Van PersieWe all know that supporters of sports teams can be fanatical in their devotion. While the Ugandan man who bet his house on an Arsenal win probably took his support several steps too far, his counterpart in the bet is even more insane: in addition to staking his car on a Manchester United win, he threw in his wife. No mention of whether or not the Man U fan had a couple more wives in reserve, as did the Arsenal fan. The Daily Mirror reports:

An Arsenal fan has lost his HOUSE after betting that the Gunners would beat Manchester United at the weekend.

Henry Dhabasani, who has three wives and five children, made a bet with friend Rashid Yiga that Arsenal would beat the Premier League champions.

The price of the wager? Dhabasani put his family home on the line, while Yiga staked his Toyota Premio car, plus his WIFE.

The wager was put in writing by the pair and was reportedly witnessed by community leaders in the town of Iganga in eastern Ugandan.

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Only on Wall Street: Lose $2 Billion of Your Company’s Money and Make $15 Million Yourself

One Chase Manhattan Plaza

Photo: Leoboudv (CC)

It’s great to have a job where even if you seriously screw up, you still make plenty of dough. Via RT:

Ina Drew helped make bank for JPMorgan Chase as the firm’s chief investment officer — until a blunder on her part cost the company roughly $2 billion. Drew resigned as CIO on Monday, but that’s not to say she is stepping down with nothing to show.

Despite being responsible for an in-house trading loss that totaled as much as $2.3 billion in losses for JPMorgan Chase, Drew stands to walk away from the Wall Street firm with a payout that could bring her as much as $15 million.

Drew’s departure from JPMorgan Chase was publicized early Monday, only days after she was named in a major economic goof-up that garnered criticism directed towards one of Wall Street’s most iconic institutions.

The bank is still slated to hold its annual shareholders meeting on Tuesday this week, with a new CIO already stepping up to the plate.

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Dogs Playing Poker: Leave The Gamblers Alone!

Cassius Marcellus Coolidge, 1903. John Stossel writes on Fox Business:
Yesterday ESPN announced they will remove all poker-related programming and advertising (except for this year’s World Series of Poker). Wimps. And the gambling industry is no better. Industry lobbyist, former senator Al D’Amato, claims “[poker] is a game of skill” and therefore should not be subjected to federal anti-gambling laws. “Regulate it, but don’t ban it,” he says. Give me a break. The cowardice of business in standing up for free markets never ceases to amaze me. What wimps! Why don’t they have the courage to say the government has NO business intervening in an activity between consenting adults? I’d hope the poker lobby and the leading sports network would defend the game and its players. Instead they push legal tricks or distance themselves from poker. The feds accuse the companies of bank fraud and money laundering...
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