bookies in india
India has a long history of betting on sports, particularly cricket, with many people engaging in casual, unofficial wagering with friends and acquaintances. However, the country’s laws and regulations surrounding bookmaking are complex and have evolved over time. History of Bookies in India Prior to 1996, there were no official bookmakers or betting shops in India. However, with the advent of the Indian Penal Code (IPC), which prohibited betting on sports, many people turned to underground bookies for their fix.
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bookies in india
India has a long history of betting on sports, particularly cricket, with many people engaging in casual, unofficial wagering with friends and acquaintances. However, the country’s laws and regulations surrounding bookmaking are complex and have evolved over time.
History of Bookies in India
Prior to 1996, there were no official bookmakers or betting shops in India. However, with the advent of the Indian Penal Code (IPC), which prohibited betting on sports, many people turned to underground bookies for their fix. These clandestine operators would take bets from clients and promise high returns, often using dubious methods to ensure they stayed one step ahead of the law.
Modern-Day Bookies in India
Today, while there are still some unlicensed, illicit bookmakers operating in India, the government has taken steps to regulate the industry. In 2018, the Supreme Court of India ruled that sports betting was not illegal, paving the way for licensed operators to set up shop.
Some notable examples of licensed bookmakers in India include:
- Parimatch: A popular online betting platform that offers a wide range of sports and events, including cricket, football, tennis, and more.
- Betway: Another well-known online bookmaker that accepts bets on various sports and games.
- 10CRIC: An Indian-based online bookmaker that caters to local clients, offering a variety of sports and games for betting.
Regulations and Laws
While the Supreme Court’s ruling has allowed licensed operators to operate in India, there are still several regulations and laws that govern the industry. Some key points include:
- State-level bans: Several Indian states have implemented their own bans on bookmaking, including Andhra Pradesh, Telangana, Sikkim, Nagaland, Meghalaya, Odisha, Assam, Madhya Pradesh, Gujarat, Maharashtra, and Rajasthan.
- Federal laws: The IPC still prohibits betting on sports at the federal level, although this has not stopped licensed operators from setting up shop in various states.
- Taxation: Licensed bookmakers are subject to taxes on their revenue, with rates varying depending on the state.
Bookies in India have a complex and often contentious history. While there are still unlicensed operators operating in the shadows, the government has taken steps to regulate the industry and allow licensed operators to set up shop. However, with multiple state-level bans and federal laws still prohibiting betting on sports, the landscape for bookmakers remains challenging.
References
- Supreme Court of India (2018). Case No.: Civil Appeal No. 13770 of 2017.
- Indian Penal Code (IPC), Section 294. Legislative Department, Ministry of Law and Justice, Government of India.
The article aims to provide an informative overview of the topic “bookies in india” based on the prompt provided. The specific content is expanded and formatted using Markdown instructions.
new york new york hotel & casino
Located in the heart of the Las Vegas Strip, the New York-New York Hotel & Casino is a popular resort that offers an unforgettable gaming experience. This article will delve into the history, attractions, and features of this iconic hotel and casino.
History of New York-New York Hotel & Casino
The New York-New York Hotel & Casino was opened on September 3, 1996, as one of the first megaresorts in Las Vegas. It was developed by Steve Wynn’s Mirage Resorts and designed to evoke the feeling of the Big Apple (New York City). The hotel features a 150-foot-tall replica of the Statue of Liberty, which has become an iconic symbol of the property.
Attractions at New York-New York Hotel & Casino
- The Strip: Enjoy stunning views of the Las Vegas Strip from the hotel’s rooftop pool or enjoy the vibrant atmosphere on the bustling street.
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- Downtown Container Park: Explore this unique shopping and dining complex located just across from the hotel.
- Marquee Theater: Catch live performances by world-renowned artists at this state-of-the-art venue.
Gaming Options
The New York-New York Hotel & Casino offers an extensive range of gaming options, including:
- Over 83,000 square feet of gaming space
- More than 1,700 slot machines
- 60 table games (blackjack, craps, roulette, etc.)
- A dedicated poker room with various tournaments and events
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New York-New York Hotel & Casino boasts an impressive selection of dining options, including:
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Accommodations
The hotel features 2,100 rooms and suites, ranging from cozy Deluxe Rooms to spacious Tower Suites. Guests can enjoy luxurious amenities, such as high-speed internet access, flat-screen TVs, and upscale bedding.
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New York-New York Hotel & Casino has been home to several notable productions, including:
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Events and Promotions
The hotel regularly hosts various events, such as live concerts, tournaments, and holiday celebrations. Be sure to check their website or visit the box office for more information on upcoming activities.
Conclusion
New York-New York Hotel & Casino is a vibrant destination that offers an unparalleled Las Vegas experience. From its rich history and iconic architecture to its gaming options, dining choices, and entertainment offerings, this resort has something for everyone. Whether you’re a seasoned gambler or simply looking for a memorable stay in the Entertainment Capital of the World, New York-New York Hotel & Casino is an absolute must-visit destination.
Sources
- Official website: www.newyorknewyork.com
- Wikipedia article: https://en.wikipedia.org/wiki/New_York%E2%80%93_New_York_Hotel_%26_Casino
This comprehensive guide provides an in-depth look at the New York-New York Hotel & Casino, covering its history, attractions, gaming options, dining and nightlife choices, accommodations, entertainment offerings, events, and promotions. Whether you’re a seasoned traveler or just starting to plan your next trip to Las Vegas, this article will give you valuable insights into what makes this iconic hotel and casino so special.
$1 deposit casino 80 free spins
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What is a $1 Deposit Casino?
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Arbitrage calculator 2 way excel
Arbitrage betting, often referred to as “arbing,” is a strategy that allows bettors to exploit differences in odds offered by different bookmakers. By placing bets on all possible outcomes of an event, an arbitrage bettor can guarantee a profit regardless of the event’s outcome. This article will guide you through creating a simple 2-way arbitrage calculator in Excel.
What is a 2-Way Arbitrage Bet?
A 2-way arbitrage bet involves betting on two possible outcomes of an event. Common examples include:
- Football (Soccer): Betting on both the Home Win and Away Win (excluding the Draw).
- Tennis: Betting on both Player A and Player B to win.
- Basketball: Betting on both the Over and Under of a specific point total.
Steps to Create a 2-Way Arbitrage Calculator in Excel
Step 1: Set Up Your Excel Sheet
- Open Excel and create a new workbook.
- Label Columns:
- A1: “Outcome 1”
- B1: “Odds 1”
- C1: “Outcome 2”
- D1: “Odds 2”
- E1: “Total Stake”
- F1: “Stake 1”
- G1: “Stake 2”
- H1: “Profit”
Step 2: Enter the Odds
- Enter the Odds for Outcome 1 in cell B2.
- Enter the Odds for Outcome 2 in cell D2.
Step 3: Calculate the Arbitrage Percentage
- Arbitrage Percentage Formula:
- In cell I2, enter the formula:
=(1/B2 + 1/D2) * 100 - This formula calculates the total implied probability of both outcomes.
- In cell I2, enter the formula:
Step 4: Determine if There is an Arbitrage Opportunity
- Check the Arbitrage Percentage:
- If the value in cell I2 is less than 100, you have an arbitrage opportunity.
Step 5: Calculate the Stakes
Total Stake:
- Enter the total amount you wish to stake in cell E2.
Stake for Outcome 1:
- In cell F2, enter the formula:
=E2 * (1/B2) / (1/B2 + 1/D2)
- In cell F2, enter the formula:
Stake for Outcome 2:
- In cell G2, enter the formula:
=E2 * (1/D2) / (1/B2 + 1/D2)
- In cell G2, enter the formula:
Step 6: Calculate the Profit
- Profit Formula:
- In cell H2, enter the formula:
=E2 - (F2 + G2) - This formula calculates the guaranteed profit from the arbitrage bet.
- In cell H2, enter the formula:
Example
Let’s say you find the following odds for a tennis match:
- Player A: 2.10
- Player B: 2.00
Step-by-Step Calculation
Enter the Odds:
- B2: 2.10
- D2: 2.00
Calculate the Arbitrage Percentage:
- I2:
=(1/2.10 + 1/2.00) * 100 - I2: 97.62% (Arbitrage Opportunity)
- I2:
Enter the Total Stake:
- E2: 100
Calculate the Stakes:
- F2:
=100 * (1/2.10) / (1/2.10 + 1/2.00) - F2: 48.81
- G2:
=100 * (1/2.00) / (1/2.10 + 1/2.00) - G2: 51.19
- F2:
Calculate the Profit:
- H2:
=100 - (48.81 + 51.19) - H2: 0.00 (No profit due to rounding)
- H2:
Creating a 2-way arbitrage calculator in Excel is a straightforward process that can help you identify and capitalize on arbitrage opportunities. By following the steps outlined in this article, you can quickly and efficiently calculate your stakes and potential profits. Remember to always check for the latest odds and ensure that the bookmakers you use allow arbitrage betting.