10 Tips for Betting on Football

Slim underdogs regularly win outright. The only locks that exist are those that need keys to open them.”

2. And why not? We have unconditional love for the sport and betting $50 or $100 on a game adds an extra rush of adrenaline.

So, how much are we gambling each football season?

And remember, in the immortal words of “Fast” Eddie Felson, “Money won is twice as sweet as money earned.”

Certainly not back into the pockets of the average bettor.

“The standard bet requires gamblers to lay $11 for every $10 they want to win with the extra $1 or 10 percent known as the juice,” Konik says. “There will be more discrepancy in the numbers at different sports books. He loses year after year, according to Dan Gordon, a top football handicapper and author of How to Beat the Sports Books (Cardoza Publishing 2005). “Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn’t otherwise make. “For example, if you have a $1,000 bankroll for the season, you should generally bet no more than $50 a game.”

4.

Betting on football games; whether it’s through a local bookie, an offshore Internet site or a Nevada casino (still the only legal place in America to make football bets), most of us have done it or know of someone who has. Not all games work according to this formula, but it is usually a good rule of thumb.”

So, how much should you bet a game?

“The biggest mistake that amateur bettors make is they increase their bets when they are losing,” Sevransky says.

“The bookies fear and despise a tiny coterie of professional bettors known as ‘the sharps,'” Konik says. Giving 11 to 10 odds is almost always the cheapest price you can give.”

So, is it possible for the average square to become a little sharper in making football bets this season? According to professionals like Vacarro, Konik and Gordon, amateur bettors have the best chance to win if they demonstrate a little patience and follow the 10 basic tips below. Drinking and Gambling Don’t Mix – “There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling,” Moseman says. The payout is just the same as far as he is concerned. So underdogs tend to be slightly undervalued – except by the sharps.”

“A sharp or smart has a plan of what he wants to do,” says Vaccaro, the director of sports operations and public relations at Lucky’s Race and Sports Book in Las Vegas. On college you will be able to find different lines at different sports books.

“There is probably no better bet in sports than playing an underdog at home,” Moseman says. The only touts bettors should consider are the ones who talk about the long haul and realistic winning percentages, which are in the upper 50 percent to lower 60 percent range.”

But that doesn’t mean you have to bet like a “square” and throw away your hard-earned money.

Although exact figures are impossible to calculate, according to Jimmy Vaccaro, widely considered to be Las Vegas’ most influential bookmaker, Americans probably wager more than $50 billion a year on NFL and college football combined. “Common wisdom says that over the course of a long football season the average man or woman will pick approximately 50 percent winners. “He is not jaded by teams and does not bet with his heart. “The sharps are usually members of a betting syndicate privy to the most up-to-date information on injuries, weather, game plans, and, most important, the real power of the teams involved. In fact, sports bettors must pick 52.4 percent winners just to break even.”

And where does all that money go?

9. “If you become an expert on a smaller conference like the WAC, you have a good chance to beat the house because sports book operators do not have the time or resources to follow this conference the way you can. To be a successful sports bettor you need to operate with a clear mind.”

But even though the math says it’s virtually impossible to win on a consistent basis, Americans continue to bet on football. If you like an underdog, it is best to get your bet in as late as possible, where there is heavy action from squares on favorites. “Most people prefer to bet on the ‘better’ team, the one that will probably win the game.

Ted Sevransky, a well-known Las Vegas gambler and sports consultant with Sportsmemo.com, agrees.

Another difference between squares and sharps is how they approach betting on game day.

Moseman agrees and especially likes home underdogs. There are almost an infinite number of scenarios that can happen in a single football game.

6. If North Texas is his best bet on a Saturday then that is his bet. Bet at the Right Time – “The sharp bettors tend to bet underdogs, and they tend to bet them early,” Moseman says. “If you listen to their advice, you are sure to lose. They use powerful computers that can process millions of bits of data and produce a more accurate point-spread line than the bookmakers.”

However, Konik adds that there are some bettors who actually know how to beat the bookies. Locks Don’t Exist – “Anyone who has watched sports for about a month realizes that the difference between winning and losing, especially against the spread, can be infinitesimally small,” Gordon says.

Also, it’s probably a good idea to disregard advice from the myriad of ex-players and football experts you see on television each week. “Squares usually bet later in the week and they tend to pick the favorites. Consider Underdogs – “In the long-run, it’s easier to win betting on the underdog,” Konik says. “In trying to bamboozle potential customers, many services make claims about having scouts all over the country that give them inside information and promise 70 or even 80 percent winners, as if the bookmakers were the biggest suckers in the world. Thanks to the juice, the only one who profits in this scenario is the bookmaker. “Thus, the bookies love and cherish the squares.”

While these tips don’t guarantee you’re going to win, hopefully they can make you a little less square and a little more sharp in your picks this season. Big underdogs often find ways to cover the spread and they rarely give up toward the end of a game in front of the home crowd.”

7. “When you’re in a good rhythm and winning, you want to increase your bets. “As for me, the best bet in football is betting the point spread or over/under totals on individual games. Focus on Conferences – “The best way to win money betting football is to develop a niche and follow it closely,” Moseman advises.

“A square is the average, unsophisticated gambler whose decision making is based on hunches, media manipulation, or spurious systems that cannot overcome the bookmaker’s inherent mathematical advantage,” Konik explains. Shop For Numbers – “Another important aspect of betting on football is shopping for the best number,” Moseman explains. “Over the course of several seasons, the percentage of bettors who turn a profit is minuscule.”

Newspapers and popular sports sites routinely publish the lines or point spreads for games, and football insiders offer their picks to viewers each week on ESPN and other cable networks. Oakland comes to mind) seem like the Super Bowl. Research Football Services – “Most sports services realize that most people who sign up with them are insecure,” Gordon warns. Avoid Exotic Bets – “For very skilled handicappers, with a proven track record, there can, at least in theory, be value in betting parlays,” says Gordon on the type of bet that combines two or more individual wagers. He is not taken in by being involved in USC-Notre Dame just because it is the biggest watched game of the day. Chasing losses is the fastest way to the poor house.”

10.

Michael Konik, a sports writer and best-selling author of The Smart Money (Simon & Schuster 2006), explains why it is so hard for the recreational gambler to win at betting on football. “In the NFL, a game will often be totally turned around by one or two plays, or even a single penalty.

Even Hollywood is not immune – think Two for the Money with Al Pacino and Matthew McConaughey.

“A square or recreational player might have a vague plan, but after two Corona’s he will definitely run to the window and make a hasty decision on the USC-Notre Dame game because he wants to be involved in the party atmosphere,” Vaccaro says. If you are going to go with a favorite, it is best to place your bet early in the week when the sharps are laying heavy money on the points. Otherwise, you’re better off doing your own research.”

3. Money Management – “This is without a doubt the most important aspect of betting on sports and possibly the most neglected,” says Morey “Doc” Moseman, a professional gambler and sports consultant with DocSports.com for nearly 40 years. There is a wealth of information on the Internet; it is just up to you to find it and research it daily.”

“In an average season, fewer than one bettor in twelve turns a profit,” Gordon says.

“The talking heads on TV know nothing about sports betting,” says Sevransky. The NFL, for example, will have very similar numbers at most of the betting shops you visit. These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.”

5. If you want advice about sports betting, find someone who has a successful track record. .

8.

1. But, when you’re struggling, that’s when you want to reduce your bet size until you get out of your slump. Also, being “in action” can make a dull late-afternoon game (Buffalo vs. “The key to proper money management is to be sure not to bet more than you can afford to lose.”

“Most people with an understanding of football gambling bet between 3 percent and 5 percent of their bankroll, increasing when they win and reducing when they lose,” Vaccaro says. “Teams play inspired ball at home. Avoid Chasing Bets – “Don’t do it! There is no worse way to mismanage your bankroll than to chase your bets after a losing day,” cautions Moseman on the dangerous practice of trying to immediately win back your losses

Derivatives: Futures and Options

Futures and options trading is fantastic as a risk reducing measure (hedging), but may not be equally fantastic as a speculative bet, especially when you do not have the required expertise, neither in derivatives nor in forecasting.

Learning about derivatives is one of the most important lessons to learn, for anyone making new forays into investment finance. They can be used to hedge open positions in stocks and this makes stock trading safer. Since it is the ‘right but not the obligation’ to buy an asset, it is obvious that the call option will only be exercised if the strike price is lower than the going market price for the underlying asset at that certain time in the future. These are normal financial instruments where you just buy or sell shares of company XYZ (for $20 each, if market value equals the intrinsic value). The only difference between them and the normal financial instruments (like shares), is just the little term called ‘underlying asset’. But when you have a derivative option on the shares of this company, you are basically holding a financial instrument that has no intrinsic value of its own. The value of your option to either buy or sell the shares of this company, derives its value from the actual market prices of the underlying asset, in this case, the shares of company XYZ. You’ll know then, why all traders haven’t mastered the art yet and become overnight millionaires. Futures are also agreements to buy or sell commodities at a certain predetermined price at some predetermined time in the future. They offer the trader, the option of passing on some of the risk that he’s bearing over to another party. These non-standardized financial instruments bear some amount of credit risk, since no exchange interferes between the buyer and the seller. The intention is to buy low and sell high in two different markets and pocket the differential profits.

They allow for large portfolio position changes without incurring the buying and selling transaction costs.

Forwards Contracts and Futures Contracts

By definition, a forwards contract is ‘an agreement to buy or sell an asset for a predetermined, fixed price, at a certain time or date in the future’. Options are fantastic in their ability to cater to every possible need of the stock market trader. On the other hand, a put option gives the buyer the right but not the obligation to sell a certain asset at an agreed price (strike price) by a certain date in the future. For example, if a party has a fixed rate payment obligation and another one has a floating rate one, the two can swap their interest obligations with each other without settling the underlying debt.

They are simple financial instruments. In a put option, the option will thus, only be exercised if the strike price is higher than the going market price at that specific point of time in the future. When you hold a long position in a forward contract, i.e., you have agreed to buy the underlying commodity at the agreed price, your payoff will be the differential between the forward price and the spot rate at that point in the future (F – S). Options are not limited to the exchange traded derivatives markets and some are also traded on the OTC markets.

Uses in Investment Finance

Mastering these instruments can make you a millionaire overnight, but it is good to understand them first. But before you start thinking about having bigger yields out of these instruments, know a little more about them. Think about it and you’ll know why so many have gone down while betting on these instruments. Being traded on exchanges robs the futures of the customization that is available on forwards, but on the other hand, as exchanges play clearing houses in the transaction, futures have relatively lower credit risk.

These markets happen to be of two types. The term futures encompasses all things like foreign exchange futures and stock index futures as well. Two or more options can be combined together (synthetic options) to give the trader just the kind of payoff he was visualizing, given his forecasts of the future price movements on the stock exchange. They are a boon for the hedgers but not always so for the arbitrageurs and speculators.

Shares of company XYZ have an intrinsic value of $20 each. Inexperienced options expire once their time duration ends and it is only the premium paid for buying the option that exchanges hands between the two parties.. Here’s and example of an underlying asset.

Below are some of the uses as listed by John C. Marginal swings in the value of these shares can leave you with the outcome – ‘Investment – $100 and Total Loss $100, 000’. The only difference between a normal spot transaction and a forward transaction is the time span between the contract and its fulfillment. How else is it possible that just investing $10 should help you take positions worth $1000. Options Contracts

Understanding Futures and Options

Interest rate swaps are also derivatives for they too derive their values from the underlying debt instrument. Many an investor have fallen to greed in this market, for everyone else, it is a risk management boon.

Whether futures and options, or swaps and forwards, all require careful and deliberate study. Plain vanilla swaps, or the least complicated of swaps, allow two parties to swap their interest obligations. So for once, a financial instrument has been named correctly, an instrument that derives its value from some other asset is termed as a derivative.

A point to note here is that, while futures and forwards are obligatory buy and sell contracts for the holders, options are rights and not obligations that the holder can choose on whether to exercise or not. For many, what they invest in these instruments are their savings so you can only imagine the impact.

Many investors fail to understand that investing in them means indulging in a kind of leveraging. These are extremely powerful instruments and though, ‘no guts no glory’ does summarize the ‘higher risk, higher potential return’ mantra of investment finance; having open positions in them is never prudent. By definition, they are financial instruments that derive their intrinsic values from the underlying asset that they are based on. On the other hand, with a short position (agreement to sell), your payoff will be the differential between the spot price of the commodity then and the futures price that you have agreed on (S – F).

Options are basically of two types, a call option and a put option. Last but not the least, they lend monetary power to the traders, for they can take large positions in the stock market with the minimal amount of cash, i.e., by just paying the premium amounts.

Interest Rate Swaps

Certain exotic types like Cacall, Caput, Barrier options, etc., lure investors with the greed of returns, but what happens many a time is that, traders fail to see the complexity involved in them. When investing in these instruments, be aware of the risk that you are taking on with that kind of leverage.

When they are used for hedging, they perform exceptionally well but when used for speculation, it is not prudent to rely too heavily on them. Arbitrage profit opportunities are those opportunities that allow for risk-free, zero net investment profits, by capitalizing on price differentials on the same commodity in different markets. Be careful and ask all the right questions before you bring out the cash.

Since most of them involve the play of big money with very little in the way of initial investment, most people fail to foresee the impact they can have on their total funds. Hull in his 1999 book titled ‘Options, Futures, and Other Derivatives’.

Futures contracts are derivatives very similar to forward contracts, with the main difference being that while forwards are traded OTC, futures are traded on an exchange. While spot is an immediate, present tense contract, a forward is a later date or future tense contract that is just being finalized today. First the futures and options are traded on the exchange traded derivatives market and are standardized instruments with negligible credit risk. For many of these instruments, small changes in the underlying asset can swing your fortunes from millionaire to bankrupt within seconds. Research them and you will find a very grim picture, more houses have been broken with these instruments than have been built. Not understanding how they work and investing large sums of money in them blindly is a folly. Know their uses and advantages, their drawbacks as well as their various types, namely forwards, swaps, futures and options.

What is the Derivatives Market?

They are very good risk management tools and are mainly used to hedge risks that a trader is routinely exposed to. Lack of knowledge coupled with greed, turn them into your worst possible nightmare. While most financial assets have intrinsic asset values or prices, the intrinsic value of a derivative is based on the financial asset that forms the basis of a derivatives contract. Forwards and futures prices are good reflectors of the price directions as well as the expected change in the future prices of the underlying asset.

They offer the traders an option to change the nature of their liabilities and exchange the risks associated with some of their unwanted liabilities with some more bearable ones.

They can be used to make arbitrage profits. If you wish to play the stock markets, they offer an unbelievable amount of ground to play in, especially when it comes to hedging and risk management. On the other hand, forwards, swaps, and CDS are usually traded on the over-the-counter (OTC) markets. Forwards contracts are over-the-counter contracts that usually trade on commodities. He either takes on another risk in return or makes a cash payment in exchange for the risk transfer.

Instruments like forwards and futures play a key role in giving directions to the market prices of the future. There is no monetary transaction to the contract when it is first negotiated, and money only changes hands on contract maturity. Even though you have invested only $100, the position that you had taken in the market was on $10000 shares. A call option gives the buyer the right but not the obligation to buy a certain asset from the call option writer, by a certain date and for a certain price, known as the strike price

UBS Writes Down Positions, Predicts an Overall Loss in Third Quarter, and Reorganizes Management

He originally worked for PaineWebber

Inc. A

glossary, containing definitions of some of the less-well known terms

used in today’s release, is also available at www.ubs.com/media.

Despite the unsatisfactory results for the third quarter, we still

expect to end the year with a good level of profits and in a strong

capital position. He is a Swiss citizen. We have a strong balance sheet, a strong franchise, and

leading positions in all businesses in all regions. UBS remains a formidable

competitor in financial services and is well positioned to deliver

long-term profitable growth.”

Where possible, holdings are marked at the quoted market price. He also has extensive

experience in solving institutional and corporate client problems using

derivatives.

Robert Wolf is the Chairman & CEO of UBS for the Americas. These securities are either AAA-rated or High Grade, and have a

short weighted average life.

UBS

When most mortgage backed securities positions were set up there were

offsetting positions in place, designed to mitigate risk in normal

market conditions. These have also been written down appropriately,

leading to a limited loss on these positions in third quarter.

Mr. Wolf graduated from the Wharton School at the University of

Pennsylvania with a B.S. From

1995-1999 he was the Joint Head of US Equities at the Investment Bank,

with responsibility for approximately 650 employees. Ferri began his legal career practicing corporate law at Seward &

Kissel, from 1991 to 1995. Suter was born on 7 May 1958. I have therefore taken

decisive action to be as transparent as possible.

Joseph Scoby’s first task as a member of the Group Executive Board will

be to review and refine our risk processes. Its business,

global in scale, is focused on growth. Ferri is also responsible for managing the product

pipeline, business development, sales and client services.

Commenting on these changes Marcel Rohner said:

There are other, smaller, losses in equities proprietary trading within

an overall satisfactory result.

In addition, UBS has taken significant write downs on positions in Super

Senior AAA-rated tranches of CDOs, based on level 3 valuation models.

Continued strong performance in other business areas

Mr. Marcel

Rohner, Group CEO, will reorganize senior management, take over as

Chairman and CEO of the Investment Bank, and accelerate structural

improvements to the firm.

“I am confident that, with these changes and

by properly absorbing the lessons of this quarter, we will become a

stronger bank. As an integrated firm, UBS

creates added value for clients by drawing on the combined resources and

expertise of all its businesses.

Commenting on these decisions, Marcel Rohner, Group CEO said:

 

In third quarter 2007, expected pre-tax loss for the Group between

CHF 600 million and CHF 800 million, due mainly to write downs and

losses in the FIRC business within the Investment Bank

For the first nine months of 2007 pre-tax profits for the Group in

the order of CHF 10 billion, and expect to end the year with good

level of profits and a strong capital position

All other businesses in the Investment Bank, as well as the Global

Wealth Management & Business Banking and Global Asset Management

business groups, performing very well

Management changes:

— Investment Bank Chairman and CEO Huw Jenkins to step down. He received a BS form Cornell University in

1988 and a JD from the University of North Carolina in 1991.

Short bio Robert Wolf

Mr. Pre-tax profits for the

first nine months of 2007 will be in the order of CHF 10 billion. Mr. Wolf is on the Undergraduate

Executive Board of the Wharton School and sits on the Athletics Board of

Overseers at the University of Pennsylvania. For most

sub prime holdings, this is not possible. A&Q currently has over USD

60 billion in assets under management. He has also been the head of O’Connor,

a specialist hedge fund provider within A&Q, with assets under

management of approximately USD 7.5 billion. This led to substantial valuation losses, including in

securities with high credit ratings. Wolf also participated as a panel member at

the inaugural Wall Street forum for HIV and AIDS alongside former UN

Secretary Kofi Annan.

Mr. Suter first joined the bank in 1974 as an

apprentice at SBC’s St. Clive Standish, Group Chief Financial Officer, will retire.

Results for third quarter 2007 will be announced on October 30, 2007 as

planned.

While the third quarter loss means that pre tax results for the full

year 2007 will most probably be below those for 2006, total earnings

should still be at a high level and UBS will finish the year in a strong

capital position.

Previously, he was General Counsel for the O’Connor

hedge fund and fund of fund businesses, and was on the O’Connor team at

its relaunch in 2000. In fact, conditions remained

turbulent, so we will make an overall pre-tax loss at Group level for

the quarter.

Our first quarterly loss in nine years is an unsatisfactory result,

especially after such a strong first half. Scoby has a BS from Wharton School and an MA from the

University of Pennsylvania, both earned with honors in a total of four

years of study and awarded in 1987.

A video containing an interview with Group CEO Marcel Rohner is

available at www.ubs.com/media as

well as at www.cantos.com. Mr. Mr. Valuations therefore mostly

use models with observable inputs, where possible, and level 3 valuation

models otherwise.

Short bio Marco Suter

Within the Investment Bank, Money Markets, Currencies and Commodities

(MCC) will be integrated into Fixed Income under the leadership of Andre

Esteves.

All other UBS businesses remain strong. However, the deterioration in the US sub prime

residential mortgage backed securities market, especially in August, was

more sudden and more severe than in recent history, and markets became

illiquid. Group

CFO Clive Standish to retire

— Marco Suter, Executive Vice Chairman, UBS, to become Group CFO

— Walter Stuerzinger, Group Chief Risk Officer (GCRO), to become

Chief Operating Officer (COO), Corporate Center

— Joseph Scoby, Global Head of Alternative & Quantitative

Investments, UBS Global Asset Management, to become GCRO, UBS

Investment Bank changes:

— Robert Wolf, COO, Investment Bank, additionally appointed

President, Investment Bank

— Money Markets, Currencies and Commodities (MCC) to be integrated

into Fixed Income

— Initiation of cost reductions in Investment Bank

William Ferri is the Head of Business Development and Logistics for

Alternative and Quantitative Investments (A&Q), an alternatives platform

within Global Asset Management.

Joseph Scoby is Global Head of Alternative and Quantitative Investments

(A&Q), an alternatives platform within Global Asset Management with

approximately USD 60 billion in assets under management and 360

employees around the globe. All other businesses in the Investment Bank, and our

Global Wealth Management & Business Banking and Global Asset Management

businesses, continue to record good results. He is on the Executive

Leadership Council for the Multiple Myeloma Research Foundation, on the

Board of Trustees for the Children’s Aid Society, the Board of Directors

for the partnership for NYC and on the Board of Directors for the

National Sports Museum. I have also made

appropriate senior management changes, and will accelerate

already-planned changes to the firm. From 1996 until the merger of SBC

and Union Bank of Switzerland in 1998 he served as regional manager of

the Zurich-Eastern Switzerland-Ticino area for the corporate and

commercial banking activities of SBC. Gall office and later broadened his experience

with assignments in Nyon, New York, Basel, Zurich and London.

UBS is the leading global wealth manager, a top tier investment banking

and securities firm, and one of the largest global asset managers. There is also a smaller position of below USD 4 billion net

exposure to sub prime securities through warehouse lines and retained

CDOs. Mr. The one firm approach requires a

successful and profitable Investment Bank. Its shares are listed on the SWX Swiss Stock Exchange,

the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

Following a write down of positions in fixed income, rates and

currencies (FIRC), mainly related to deteriorating conditions in the US

sub prime residential mortgage market, UBS is likely to record an

overall Group pre-tax loss of between CHF 600 million and CHF 800

million for third quarter, ended September 30. Ferri joined the UBS Investment Bank in 1998

as Director of Equity Compliance. He also

serves as Global Chief Operating Officer for the Investment Bank.

UBS has no material exposure to conduits.

Management changes

“On August 14, I said that if turbulent

conditions prevail throughout the quarter, we will probably see a very

weak trading result in the Investment Bank, offset by predictable

earnings from wealth and asset management. In Global Wealth Management &

Business Banking, all geographical regions continue to attract net new

money. He is a member of the

Global Asset Management Executive Committee and a member of the UBS

Group Managing Board.

In the third quarter, UBS will recognize substantial losses in FIRC

within the Investment Bank, mainly on its holdings of securities related

to the US sub prime residential mortgage (RMBS) market. Global Asset Management continues to perform well. Management action has been taken to

make certain these positions are appropriately valued and risk managed.

Marco Suter was elected to the Board of Directors at the Annual General

Meeting of UBS in April 2005 and thereafter appointed as Executive Vice

Chairman.

Working closely with other members of the management team and the key

investment professionals within A&Q, Mr. He served as Global Head of Fixed Income from

2002 – 2004, having joined the firm in 1994

after spending approximately 10 years at Salomon Brothers.

UBS is present in all major financial centers worldwide. We have thousands of

talented people throughout the organisation who, by working together,

will deliver further value to our clients and additional growth to our

shareholders.”

Short bio Joseph Scoby

Third quarter results

Marcel Rohner, in addition to his duties as Group CEO, will for the

foreseeable future take over the role of Chairman and CEO of the

Investment Bank. Prior to his appointment to his current position in 2004, Robert

Wolf was Global Head of Fixed Income for over three years.

Biographies

As a result of the planned changes within the Investment Bank, overall

staff numbers will fall by about 1,500 by the end of this year.

These write downs are mainly of (a) legacy positions of the now closed

Dillon Read Capital Management subsidiary and (b) positions entered into

as part of the Investment Bank’s mortgage

backed securities business.

Mr. Huw Jenkins, Chairman and CEO of the Investment Bank,

will step down from his position and become a senior advisor to Marcel

Rohner.

UBS has only limited exposure to leveraged lending with commitments of

about USD 13 billion. It has offices

in 50 countries, with about 39% of its employees working in the

Americas, 34% in Switzerland, 16% in the rest of Europe and 11% in Asia

Pacific. Mr. Overall, FIRC

will record negative revenues in the order of CHF 4 billion.

ZURICH & BASEL, Switzerland–(BUSINESS WIRE)–Regulatory News:

Robert Wolf, Chairman and CEO, UBS Group Americas and Chief Operating

Officer Investment Bank, will additionally become President, Investment

Bank. Within the

Investment Bank, IBD has gained market share, the capital markets

business remains strong, and equities revenues –

though a bit weaker this quarter than a year ago, and in the context of

extremely difficult conditions – remain

healthy.

The marks take a cautious view of future developments in the US mortgage

market and UBS is content to hold these securities at this level of

valuation.

Marcel Rohner, Group CEO, said: “UBS operates on the principle that

management is accountable to shareholders. He is married with two children.

. These positions consist overwhelmingly of

AAA-rated tranches, 80% with a weighted average life of less than three

years. Ferri has overall

responsibility for managing the logistics platform and business

development effort of the group, ensuring the investment team’s

requirements are met while maintaining the appropriate control

infrastructure. Joseph Scoby’s record both as

head of A&Q and previously as Joint Head of US Equities within the

Investment Bank makes him an ideal successor to Walter Stuerzinger. Wolf is a member of the UBS Group Managing Board and the Investment

Bank Management Committee. In

Switzerland, UBS is the market leader in retail and commercial banking.

Mr. Mr. Scoby’s

experience includes portfolio management in commodity options,

convertible arbitrage, equities, equity derivatives, corporate bonds,

merger arbitrage, quantitative equity, real estate finance, and

fundamental based equity long short funds. These events have led to the

management changes announced today. in Economics. (since 1995) where positions held included Corporate Vice President

and Associate General Counsel to the Global Equities Division, and

Deputy Director of Compliance.

Walter Stuerzinger, Group Chief Risk Officer (GCRO), will become Chief

Operating Officer, Corporate Center, and hand over the GCRO position to

Joseph Scoby, currently Global Head of Alternative and Quantitative

Investments (A&Q), Global Asset Management. Prior to that, he held various

management positions in SBC’s investment banking operations, first as

the Continental European Head of Merchant Banking and later as the Chief

Credit Officer for EMEA. Suter has been with UBS and its predecessor, Swiss Bank Corporation,

since 1974. During 2008 we will continue

to focus on improving cost and balance sheet efficiency.”

In addition to his roles at UBS, Mr. William Ferri, currently

Head of Business Development and Logistics for A&Q, will be appointed as

the new Global Head of Alternative and Quantitative Investments.

With effect from today:

UBS is one of the world’s leading financial

firms, serving a discerning international client base. Between 1999 and 2005 he was Group Chief Credit Officer and

a member of the Group Managing Board. Scoby began his career with O’Connor and

Associates in 1987 and became a Managing Director in 1993. He also chairs

the Swiss Institute for International Studies (SIAF).

Marco Suter, Executive Vice Chairman, UBS, will leave the Board of

Directors to become Group Chief Financial Officer, and join the Group

Executive Board. Following these actions, UBS is in

a strong position to continue to grow its client businesses.

Short bio William Ferri

The remaining relevant positions in direct sub prime RMBS have a current

net value of USD 19 billion. His long experience and knowledge of UBS, including as

Group Chief Credit Officer, make him extremely well qualified for this

position. UBS’s financial businesses employ more than 80,000 people

around the world

Reports: Donald Trump lied about gaming and Florida casinos

The two have hired the same high-powered lobbyist to bring full-scale casino gambling to the state.” Trump had hired former Florida statehouse speaker Mallory Horne to lobby on gambling issues for him.

TALLAHASSEE, Fla. They didn’t and Trump’s plans fell through.

“He wanted to meet Jeb directly to discuss casino gambling,” said Bobby Martinez, who was the lead lawyer on Bush’s transition team. Thrasher, now president of Florida State University, said during both meetings Trump pushed for Florida to sign a compact with the Seminole Tribe of Florida to allow casino gambling.

At the time, early in Bush’s first term, Trump was working with the tribe on a deal to manage what’s now the Hard Rock Casino. presidential candidates businessman Donald Trump (L) and former Florida Governor Jeb Bush talk simultaneously during the second official Republican presidential candidates debate of the 2016 U.S. The tribe wanted real slot machines and card games, such as blackjack and tried negotiating a compact with Bush.

According to Politico, mentions of Trump on both television and radio have been trending downward, as well Twitter conversation relative to other candidates.

As CNN recently reported, Trump donated to Bush’s 1998 gubernatorial campaign while he was actively lobbying to change gambling laws in Florida. Trump never asked Jeb Bush personally to approve casino gambling.”

“It was pretty clear Jeb Bush wasn’t interested in casino gambling,” Thrasher said.

Trump in the past has boasted that he’s influenced elected officials by giving them political donations, and Bush raised the casino issue to make the case that Trump couldn’t buy his allegiance.

News articles across Florida have documented Trump’s interest in getting a piece of Florida’s gaming industry – from hiring lobbyists to taking a former business partner to court, according to Politico.

“The bottom line is Donald Trump was interested in casino gambling in Florida, I can tell you that for a fact,” said former Florida House Speaker John Thrasher, who, according to AP, said he met with Trump twice and talked about the issue, once in New York and once in Trump’s Palm Beach Mar-A-Lago resort. Trump did push for it.

Lobbyist Brian Ballard, who backs Bush and who represents Trump’s business interests in Florida, agreed that if Trump had asked Bush to support casinos, Bush would have said no.. Charlie Crist, did sign a compact allowing card games and slot machines, and the casino has become extremely successful.

Before Bush took office, Trump was making plans for a Miami Beach casino if Florida voters approved a constitutional amendment. The business magnate contributed $50,000 to Bush and also held a $500-a-person fundraiser for him.

But “personally” is a technicality. “Taxes would be able to be reduced substantially and Miami is the only place that Las Vegas is really concerned about–in the United States.”

Politico is also reporting that Trump fever may be dying down. “It’s not even a secret.”

Bush never did agree to expand the games. The Seminole Tribe did open the Hard Rock Casino in 2004, but it did so with poker rooms, bingo and machines that looked like slot machines but were based on bingo. presidential campaign at the Ronald Reagan Presidential Library in Simi Valley, California, United States, September 16, 2015.

Former Florida State Sen. The St. It doesn’t work that way in Florida,” Jones said. Jones said Trump also said he wanted to be a player if Florida ever approved destination casino resorts, which Trump is still interested in.

After Bush was elected and before he was sworn in, lobbyist Fred Baggett repeatedly tried getting a meeting with Bush to push the compact.

Bush, who served as Florida governor from 1999 to 2007, staunchly opposed casino gambling. “I don’t think Jeb would have allowed it and I don’t think the Legislature would have passed it.”

As it turns out, Trump wanted casino gambling in Florida and failed to get it under Jeb Bush’s administration, despite donating money to the state Republican party and to Bush, the Associated Press (AP) and Politico report.

Trump’s on-again-off-again consultant, Roger Stone, told Politico Wednesday night that Trump technically withdrew from his deal with the Seminoles before Bush became governor.

“Donald Trump has tried almost every year to have a casino, even before Jeb was governor,” said Danny Adkins, president of Mardi Gras Casino in Hallandale Beach to Politico. His successor, then-Gov. Petersburg Times, published an article on June 18, 1998, with the headline, “Trump supports Indian casinos.” In the article, the St. Dennis Jones was at Thrasher’s second meeting with Trump, along with another state senator, Jim King, and he confirmed Trump wanted to talk about casinos. He wanted casino gambling in Florida,” Bush said.

When it was pointed out to the Trump campaign that he actually was interested in casinos during the Bush administration, spokeswoman Holly Hicks said by email, “Mr. Citing Predictwise, Politico reports Trump’s likelihood of winning the nomination has also dipped.

Bush said during the debate that he can’t be bought by donors and used Trump as an example.

REUTERS/Lucy Nicholson

“I promise, if I wanted it, I would have gotten it,” Trump claimed, during the exchange. Now Trump wants to bring a resort casino to his Trump National Doral golf resort near Miami if lawmakers decide to expand gambling — an issue that comes up every year in Florida, but which the Republican-dominated Legislature continually rejects.

“The one guy that had some special interests that I know of that tried to get me to change my views on something that was generous and gave me money was Donald Trump. Donald Trump retorted, “I did not.”

While Bush was in office The Seminole Tribe wanted to open the Hard Rock Casinos in Hollywood and Tampa and Trump wanted to manage them. — Jeb Bush said during Wednesday night’s Republican presidential debate that Donald Trump wanted casino gambling in Florida. Petersburg Times writes, “Trump has teamed up with the Seminole Tribe of Florida. That deal eventually fell through, but not before Trump pushed Florida leaders to come to an agreement. “I knew that Jeb had no interest in introducing casino gambling in Florida and I politely told Fred that I could not and would not arrange a meeting with Jeb.”

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“If Miami doesn’t do casinos, that would be a terrible mistake,” Trump told The Miami Herald in 2013. The stumbling block? Bush.

“I kind of smiled a little bit when Trump was saying it, that if he wanted it, he would have gotten it. Bush replied, “No way, man.”

“If I represented him then, I would have said, ‘Save your money. Jeb Bush is not going to be for destination resorts,” Ballard said.

The casino dispute comes amid signs that Trump’s appeal may be lagging.

Republican U.S

Casino-Gaming :: Why People Like Casinos?

If you have always wanted to try craps but could never afford the Vegas tables you can enter into a game online. They can learn about other cultures, other’s lives, and just have a great time. It is also about playing the best poker players in the world at the online tournaments.

Some of the gamblers will play online casino slots thinking that luck is on their side; that this once they will hit the button and win the million dollar jackpot. There seems to be an inherent sense that games are enjoyable. If you are waiting for the bingo call to start you can be playing a slot machine to win a couple of dollars. Players can feel like they do not have to think about their problems, their stresses, when they are playing a game. We are able to buy a lottery ticket, take a chance on the spinning of a wheel, or use strategy to earn free cash.

The online casino gambling also gives players a break from reality. Many of us grow up still enjoying a game now and then. You do not just have to play one game.. You can change games whenever you want to. They are also thinking what they need to do to win. Our first reason is the atmosphere of fun. One, you can play online casino games and win money. As children, parents offer us different types of games to help us learn things like social skills and to keep us occupied. The fact is there are many reasons why people like casinos. Gamblers can play someone in China while sitting in the UK. This lucky feeling draws gamblers in every day.. It is about the free money. Whether you are sitting in a land casino or at home visiting the virtual world of casinos online, there is always that excitement. When we are adults we also get to enjoy the benefits of playing games for money. The online casino games vary from slot machines and arcade games to variations of table games. If someone is playing the online casino poker they are thinking about what they need to bet. Enjoyment is always a key to playing online casinos.

The four reasons we have listed above all center on two things. Instead they focus on the wins, the strategy it takes to win, and the good times they are having. In the online casino world meeting people from all over the world is a possibility. Roulette is another option of online casino games. We have just listed a few.

It would be impossible to list every reason for why people like casinos, but we do have some of the top reasons that individuals find casinos and most importantly online casinos enjoyable. The music that plays or the flashing lights of the online casino slots draw players in.

It is also about meeting people. Craps, baccarat, Texas Hold’em and other games are always available online. By playing five cents one could win a hundred dollars

Review: Richard Gere too good to ignore in ‘Arbitrage’

And it resonates in his exceptional screenplay, which potently captures the gleaming seduction of Robert’s world and the fear that festers underneath.. And Gere nails every nuance in a role that holds up a dark mirror to the way we live now. Gere digs so deep into this flawed tycoon that we come to understand Robert’s actions without for a minute forgiving them. Credit Jarecki, whose combustible directing debut gives “Arbitrage” the charge of a thriller and the provocation of a moral fable. No Academy love, not even for his sinister brilliance in “Internal Affairs,” “American Gigolo” and “The Hoax,” or for the battered heart he brought to the cheated-on husband in “Unfaithful.”

“Arbitrage” is such a movie, a sinfully entertaining look at the sins committed in the name of money. Despite his box-office success in crowd-pleasers such as “An Officer and a Gentleman,” “Pretty Woman” and “Chicago,” Gere has long been underrated. But Robert keeps his cool until the sudden death of one of these women has him dodging a possible murder rap with the grudging help of Jimmy Grant (a terrific Nate Parker), the son of the family chauffeur and the only black man in Robert’s circle of white privilege. At 62, he is at the peak of his powers. She can’t rock his composure. Gere’s Robert Miller is the picture of unflappable elegance. That’s when NYPD detective Michael Bryer (Tim Roth) smells a rat and Robert’s world begins to unravel.

Jarecki knows the territory. True, this territory has been covered from Wall Street to last year’s “Margin Call.” But Gere and first-time director Nicholas Jarecki put a tantalizing spin on what goes on in the head of a fraudulent hedge-fund manager when he decides to stick it to the rest of us, including his own family.

Gere’s performance in “Arbitrage” is too good to ignore. As the son of two commodities traders, Jarecki has Wall Street in his DNA. And the glamour in his field of vision — cheers to cinematographer Yorick Le Saux (I Am Love) for the sheen and composer Cliff Martinez (Drive) for the seductive mood — is tempting enough to make us all complicit.

Story highlightsRichard Gere stars as a fraudulent financier in the filmCritic says Gere’s performance is “a thing of toxic beauty”The movie also stars Susan Sarandon and Laetitia Casta

It’s instructive to note what a killer actor Richard Gere can be when a movie rises to his level.

Like the best movies, “Arbitrage” persuades us to ask tough questions about ourselves. Good job on that, since he’s just lost $400 million in a bad copper-mine investment, and if he can’t cover it up and unload his company on a major bank, his career will go kaput along with his fortune. And Gere knows the man, inside and out. For proof that we’re in financial hell, look around. His rapt, watchful performance is a thing of toxic beauty. It’s an implosive tour de force.

There’s enough plot here to stuff a miniseries or three, yet “Arbitrage” never descends to bland and predictable. Wearing the trappings of wealth like a second skin, Gere invites us to see what Robert sees. Watch him in the scene when Sarandon — in full, feisty flower — hits Robert with a lifetime of resentments. Fraud puts pressure on Robert’s skill at deceiving wife Ellen (Susan Sarandon), French mistress Julie (Laetitia Casta) and chief accountant Brooke (Brit Marling), who also happens to be his daughter. Docs run in the Jarecki family, with half brothers Andrew (“Capturing the Friedmans”) and Eugene (“Why We Fight”) making notable contributions to the genre. Jarecki has an eye for the telling detail, not surprising given his start with the 2005 documentary “The Outsider” (about rogue director James Toback). But Gere gives us a window into the soul of a man who finally realizes that even money will no longer help him lie to himself

Professional Gambling Blog and How to Beat the Casino

Gambling without knowledge most often leads to financial loss. As a gambler, it is your job to acquire as much knowledge and skill about any […]

. How to win at gambling

July 9, 2014 by Greg Elder

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Gambling has long been associated with “Lady Luck.” Lucky people win money when they gamble, unlucky people lose. That’s a common myth that is often perpetuated to encourage reckless gambling

CLSA hedge fund bets on electric cars, China wind | Reuters

Bolivia holds 50 percent of the world’s lithium deposits, but extracting it may be a challenge.

(Additional reporting by Kevin Lim; Editing by Rupert Winchester)

By Neil Chatterjee

| SINGAPORE

. Automakers and battery firms are now seeking tie-ups.

He said Asian countries were in various states of moving toward such cleaner economies, with Japan leading the globe in making its manufacturing more energy-efficient after the 1970s oil shocks, China building more nuclear power capacity than anyone else, and India studying how to avoid polluting its ground water.

CRA, part of Asia-focused brokerage CLSA, manages $100 million of assets spread over several funds, including a long-short fund that invests in clean tech equity and a more focused fund dedicated to clean water.

“This trend is going to continue for the foreseeable future, because resources are constrained — the atmosphere has been used as a dump for free,” said Pidden on the sidelines of a UBS hedge fund conference.

Pidden said the firm was betting on existing technologies and did not like to take technology risks. “People want electricity — coal as power generation needs to be addressed,” he said.

“In 15 years there will be drop in demand for oil as a transportation fuel,” he said.

“The era of oil will be over by 2050 because we will have electrified the transportation system,” Pidden said confidently.

CRA has beaten indices such as the MSCI index of Asia-Pacific stocks traded outside Japan since its inception in August 2006, Pidden said without giving details, though many clean-tech funds dived last year.

China expects wind capacity to hit 100 gigawatts by 2020. Vestas is the world’s biggest maker of wind turbines, while Chinese industry suppliers include gearbox maker China High Speed Transmission and China Wind Systems.

The fund has a large exposure to Japan, home to electric car leaders such as Toyota and Nissan as well as battery firms Panasonic and Hitachi. A move to fully electric cars would completely change the auto supply chain, from different raw materials such as lithium for batteries to more consumer financing for the higher initial purchasing cost and less need for a spare parts industry.

Andrew Pidden, managing director of the Singapore-based firm, said the world will move toward a low energy and low carbon economy because of several large drivers — the rising cost of energy, the desire to clean up the planet and a push from consumers for green products.

SINGAPORE CRA Management, a clean-technology focused hedge fund manager, is betting on offshore wind, electric vehicles and cleaner coal, all technologies that it sees taking off on a massive scale in Asia.

“We believe in 10 years there will be a lot of wind off China and South Korea,” he said. “Asia will lead the world in the development of these products.”

Chile’s SQM is the world’s top lithium producer and experts say a lithium boom may be coming. He said the areas investors were most interested in, because of the potential scale, were transportation and power generation.

“Asia leads on battery development, solar panel production, and it’s soon to lead in installations with China,” he said

Basketball Blogs ~ OLBG Betting Blogs

The discussions about contenders and pretenders is very heated every year, but as more and more teams improve via trades, free agent signings or draft picks, the line between being a total outsider and an outsider with enough potential to surprise is pretty thin…. 16 October 2015 00:45

 By botev1921 in Basketball

NBA Season Preview 2016 – Pretenders

I continue my series of blogs prior to the NBA season with a quick look into those teams, who are labelled “pretenders” overseas or putting it differently, are very likely to disappoint over the upcoming months. more

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A List of Public Speaking Topics That are Worthy of Discussion

Is it going to be informative wherein you provide information to the crowd regarding a particular subject, or persuasive type where you discuss and try to win approval or support for some current social issues. Our first experience at public speaking usually occurs in school or college. The whole idea here is to build a conversation, think of your speech as an important message that you have to tell everyone, overcome your fear, relax, take a deep breath, look up and address the crowd confidently. Yes, confidence comes with experience but till that time I would suggest, virtually playing out the scenario in your mind where you have confidently and successfully delivered a talk. A speech is nothing but addressing a group of people, either to share some serious information, tell a story or to motivate them to act.

For College Students. And yes, we have provided some useful tips, further down below, that will help you speak effectively, minimize anxiety and prevent you from going blank before you start speaking.

? Be Audible

To begin with, as a speaker, you must have good command over the audience and be able to grab their attention with your voice. Remember to smile and do your best.

? Strong Conclusion

Convey and complete your discussion with a powerful and strong conclusion.

? CONFIDENCE

The most vital and sometimes the most difficult aspect about public speaking, developing confidence. Your voice should be audible and clear. But remember jokes should be relevant and inoffensive. Generally, the topic or subject is chosen and handed to you, but what if you are not given the choice to select a topic and are not sure about what topic to choose?

Here is a collection of various topics that may seem appropriate for your public speaking debut. Public speaking becomes interesting when it is more like an interactive session. Self-talk and reassurances do help in building confidence.

? Thorough Research

All the facts, values and reasoning must be thoroughly researched, correct and to-the-point.

? Timely Pauses

A rightly timed pause could give your speech that special dramatic effect, whereas fillers like “umm” and “ahh” could ruin the quality of your speech.

Choosing a topic for a speech can seem a herculean task with so many options but you can reduce the confusion, if you decide the type of topic you want to deliver.

For many, addressing a crowd or speaking publicly may seem frightening, and there is hardly a soul who doesn’t experience butterflies in his/her stomach when asked to talk in front of a crowd. Before you settle with a topic, question yourself whether the respective topic is relevant or appropriate, gather and research the topic properly and make sure your message is covered in the right manner. So, go for a topic that you are comfortable with, a topic that will give the listener a new insight.

Tips to Improve Public Speaking

For Middle School Students

For High School Students

? Good Body Language

Practice in front of a mirror, the way you would stand, use your hands and facial expressions when addressing the audience.

? Use Flash Cards

Make notes on flash cards and hold them in one hand and use your other hand to gesture the crowd.

? Add Humor

To lighten up a serious topic, draw the audience’s attention with humor