Gwynne, S. C. “How Casinos Hook You.” Time. Time, Inc. 17 Nov 1997. Web 17 Nov. 1997.
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S. C. Gwynne writes about the problems that casinos are in their competition for players. The markets are saturated and the gaming companies are competing for the serious gamblers. The casinos are building databases on their customers and marketing to specific consumers. One example of the innovative technology being used is a card that will record a player’s wins and losses. The player accumulates points like frequent-flyer miles, and he can redeems them for rooms or meals or even cash. Casinos are building databases not only to record their customers’ information, but also to get customers from other marketing lists. The gambling industry has been accused of targeting gambling addicts. Of course they deny this, but that is the downside of the casino business. The new technology is being used by casinos to lure customers, but S. C. Gwynne asks if that is a good thing.
This article will help the reader understand how the casinos compete for their customers. One company issued its own Visa card that gives points for a percentage of the customer’s purchases. This card gives the casino a record of the customer’s gambling habits and what he buys. Gwynne gives the illustration of a woman who had lost thousands of dollars on a casino riverboat. When she quit cruising, the casino sent her invitations to parties and get-togethers to lure her back. The woman was a compulsive gambler, and she was trying to break her addiction. This article gives the reader an insight into the lengths the gaming industry will go in order to bring in customers.
Tuesday, April 19, 2011
Cyber Gambling
Schwartz, Evan I. “Wanna Bet?” Wired Magazine. 1 Mar. 2011. Web. 1 Mar. 2010.
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In this article Evan I Schwartz says that technology is bringing gambling to everyone through cyberspace. One company has developed software that makes it possible for someone to watch television and bet on horse races. Some states permit “account wagering” on horse and dog races. The players place their bets by phone or touch-tone keypad. These devices provide information for the bettor while the bettor watches the race on television. A network of computers credit and debit the accounts when the race results are in. Schwartz says that gambling electronically won’t involve just betting on traditional game, but could well involve betting on elections or the passing of legislation. His point of view is that this kind of wagering may not last. He says the spread of so much gambling could lead to its demise. Another downside is that unregulated companies could shut down their computers without paying the winners.
This article gives information about the effects of gambling on a large scale. Gambling is bigger than both movies and music. In 2010 five hundred billion dollars was wagered legally in the United States. With the new technology it is estimated that millions of people will be gambling and they foresee that horse racing and other pari-mutuel gambling will increase with younger players. The advantages to gambling in this fashion are that bettors could do it privately and anonymously whether it is on-the-fly wagering or blackjack. Schwartz says that he believes cyberspace is the next frontier for gamblers.
Read this article
In this article Evan I Schwartz says that technology is bringing gambling to everyone through cyberspace. One company has developed software that makes it possible for someone to watch television and bet on horse races. Some states permit “account wagering” on horse and dog races. The players place their bets by phone or touch-tone keypad. These devices provide information for the bettor while the bettor watches the race on television. A network of computers credit and debit the accounts when the race results are in. Schwartz says that gambling electronically won’t involve just betting on traditional game, but could well involve betting on elections or the passing of legislation. His point of view is that this kind of wagering may not last. He says the spread of so much gambling could lead to its demise. Another downside is that unregulated companies could shut down their computers without paying the winners.
This article gives information about the effects of gambling on a large scale. Gambling is bigger than both movies and music. In 2010 five hundred billion dollars was wagered legally in the United States. With the new technology it is estimated that millions of people will be gambling and they foresee that horse racing and other pari-mutuel gambling will increase with younger players. The advantages to gambling in this fashion are that bettors could do it privately and anonymously whether it is on-the-fly wagering or blackjack. Schwartz says that he believes cyberspace is the next frontier for gamblers.
Technology in Hong Kong
Kaplan, Michael. “The High Tech Trifecta.” Wired. Oct. 2003 Web. Oct. 2003
Read this article
In this article Michael Kaplan writes about the use of gaming technology in Hong Kong.He reports on their multimillion-dollar deals that are made on their hand-held wagering machines. Kaplan’s point of view in this article is that the evidence suggests that the future of gambling in Hong Kong and all of China will be determined by the new technology. This article deals mostly with betting on horse racing which is built around a pari-mutuel system. The Chinese use custom-tailored software programs to determine the odds. They have computer teams that pick winners based on past performances. The teams are usually headed up by Westerners or Australians because the Chinese tend to emphasize fate and numerology. Kaplan also quotes one source as saying that betting on horses is getting more like stock trading. Kaplan’s viewpoint is that using these computers is the closest thing yet to a sure bet.
Kaplan’s article broadens the research question to include more than just Las Vegas casinos. The article shows how world culture is being affected by the use of the technology of on-the-fly wagering. Kaplan says that Hong Kong is the land of opportunity for those who use technology in their betting. This information will acquaint the reader with the impact this technology has had on the gambling world and the huge amounts of money involved in the racing scene. Some of these races pay six-figure dividends, and this provides great financial opportunities for the computer teams. The information about the horse’s characteristics goes into a database where it can be cross-referenced and then used to predict how that particular horse will run in any race. Kasplan’s view is that if the gaming business gets any more high tech, traditional bettors will certainly have something to worry about. He tells us that technology is changing the culture not just of this country but also the culture of the entire world.
Read this article
In this article Michael Kaplan writes about the use of gaming technology in Hong Kong.He reports on their multimillion-dollar deals that are made on their hand-held wagering machines. Kaplan’s point of view in this article is that the evidence suggests that the future of gambling in Hong Kong and all of China will be determined by the new technology. This article deals mostly with betting on horse racing which is built around a pari-mutuel system. The Chinese use custom-tailored software programs to determine the odds. They have computer teams that pick winners based on past performances. The teams are usually headed up by Westerners or Australians because the Chinese tend to emphasize fate and numerology. Kaplan also quotes one source as saying that betting on horses is getting more like stock trading. Kaplan’s viewpoint is that using these computers is the closest thing yet to a sure bet.
Kaplan’s article broadens the research question to include more than just Las Vegas casinos. The article shows how world culture is being affected by the use of the technology of on-the-fly wagering. Kaplan says that Hong Kong is the land of opportunity for those who use technology in their betting. This information will acquaint the reader with the impact this technology has had on the gambling world and the huge amounts of money involved in the racing scene. Some of these races pay six-figure dividends, and this provides great financial opportunities for the computer teams. The information about the horse’s characteristics goes into a database where it can be cross-referenced and then used to predict how that particular horse will run in any race. Kasplan’s view is that if the gaming business gets any more high tech, traditional bettors will certainly have something to worry about. He tells us that technology is changing the culture not just of this country but also the culture of the entire world.
CRM and Casinos
Doyle, Shaun. “How analytical CRM is touching he casino business – Part 1.” Journal of Database Marketing & Customer Strategy Management 16.3 (2009): 215-219. Computer Source. EBSCO. Web. 13 Apr. 2011.
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In this article, Shaun Doyle discusses the application of analytics to the gaming industry. He says that the traditional methods of gambling are changing, and that like so many other areas of our culture, gambling will be more influenced by technology. Doyle says that he has worked on analytical customer relationship management projects in casinos and resort. He believes that because of competition and customer expectations, the gaming industry is going to be forced to evolve more products and services to its customers. His article supports the idea that casino managers should choose the kinds of technology that on-the-fly wagering use to keep up with customer demands. The article discusses gaming and non-gaming data available in new casino resorts. This data helps the managers understand patron behavior. Doyle’s point of view is that the new technology will be the future of gambling.
His article is primarily about collecting data on the casino’s customers, but the information that he as gathered can support the proposition that the customers, particularly the younger ones, are ready to enter a new phase in the gaming industry. The CRM studies that Doyle and others have made can help casino managers know what their customers want and fit the kind of software that they need to their particular clientele. Information from this article will help the managers of the casinos better understand the type of person who would most likely use a hand-held electronic device to make bets during a ball game or a horse race. The information will also help the reader of this research project to form an opinion as to whether or not casino managers should choose the technology of on-the-fly wagering to be the future of gambling.
Read this article
In this article, Shaun Doyle discusses the application of analytics to the gaming industry. He says that the traditional methods of gambling are changing, and that like so many other areas of our culture, gambling will be more influenced by technology. Doyle says that he has worked on analytical customer relationship management projects in casinos and resort. He believes that because of competition and customer expectations, the gaming industry is going to be forced to evolve more products and services to its customers. His article supports the idea that casino managers should choose the kinds of technology that on-the-fly wagering use to keep up with customer demands. The article discusses gaming and non-gaming data available in new casino resorts. This data helps the managers understand patron behavior. Doyle’s point of view is that the new technology will be the future of gambling.
His article is primarily about collecting data on the casino’s customers, but the information that he as gathered can support the proposition that the customers, particularly the younger ones, are ready to enter a new phase in the gaming industry. The CRM studies that Doyle and others have made can help casino managers know what their customers want and fit the kind of software that they need to their particular clientele. Information from this article will help the managers of the casinos better understand the type of person who would most likely use a hand-held electronic device to make bets during a ball game or a horse race. The information will also help the reader of this research project to form an opinion as to whether or not casino managers should choose the technology of on-the-fly wagering to be the future of gambling.
Technology on Wall Street
Kelly, Kevin. “Cracking Wall Street.” Wired. Feb. 2007 Web. Feb. 2007.
Read this article
In this article Kevin Kelly tells the story of a computer guru who was starting a company that would use computers to predict the stock market. The guru, Doyne Farmer, put microcomputers in the bottoms of his shoes and walked around in a casino. The goal was to predict the toss of a roulette ball. Farmer had tuned his algorithm to the turns of a particular wheel in the casino. While the ball was running, the machine in Farmer’s shoe made small taps on his toe. Farmer sent this information to his partner who also had a microcomputer in his shoe and they were able to place their bet before the ball stopped. The system did not predict the exact winning number, but it predicted a small group of numbers. The gambling partner spread his over this group of numbers and out of the group, one won. They hope to use this same system and technology to predict the stock market. This experiment is another example of the use of technology in on-the-fly wagering whether it is the roulette wheel, horse racing, sports, or the stock market. Kelly’s viewpoint is that this technology will be used for betting in all these areas.
This source will help to answer the research question by showing that technology is the future of any kind of wagering. Farmer says that he can make money with just a small bit of information. He says there are patterns in any kind of random data. That is how his company uses computers to build models. They start with the data and work up. Farmer says that if they are broadly successful, it will show that machines can forecast better than people and that algorithms are good economists. Doyne Farmer has the reputation of being “one of the financial world’s hottest rocket scientists.” If he thinks machines can be programmed to predict the stock market or the winner of a ball game, then it gives credibility to the idea that machines can be used in gambling casinos.
Read this article
In this article Kevin Kelly tells the story of a computer guru who was starting a company that would use computers to predict the stock market. The guru, Doyne Farmer, put microcomputers in the bottoms of his shoes and walked around in a casino. The goal was to predict the toss of a roulette ball. Farmer had tuned his algorithm to the turns of a particular wheel in the casino. While the ball was running, the machine in Farmer’s shoe made small taps on his toe. Farmer sent this information to his partner who also had a microcomputer in his shoe and they were able to place their bet before the ball stopped. The system did not predict the exact winning number, but it predicted a small group of numbers. The gambling partner spread his over this group of numbers and out of the group, one won. They hope to use this same system and technology to predict the stock market. This experiment is another example of the use of technology in on-the-fly wagering whether it is the roulette wheel, horse racing, sports, or the stock market. Kelly’s viewpoint is that this technology will be used for betting in all these areas.
This source will help to answer the research question by showing that technology is the future of any kind of wagering. Farmer says that he can make money with just a small bit of information. He says there are patterns in any kind of random data. That is how his company uses computers to build models. They start with the data and work up. Farmer says that if they are broadly successful, it will show that machines can forecast better than people and that algorithms are good economists. Doyne Farmer has the reputation of being “one of the financial world’s hottest rocket scientists.” If he thinks machines can be programmed to predict the stock market or the winner of a ball game, then it gives credibility to the idea that machines can be used in gambling casinos.
Wednesday, April 6, 2011
Sports Betting Like Stock Trading
Kaplan, Mark. “Wall Street Firm Uses Algorithms to Make Sports Betting Like Stock Trading.” Wired Magazine. Nov. 1, 2010.
Read this article
In this article Michael Kaplan describes the touchscreen wireless devices that can be used for on-the-fly wagering or in-running. He tells how this new technology was developed and how it is used. His point of view seems to be that this new technology will be the gaming tool of the future. The software processes information and finds mathematical patterns and correlations and uses this information to decide the odds of sporting events. Betting on sports is a risky business and managers like for their patrons to play slot machines and other games where there is a dependable profit made. The casino owners also discourage betting by expert gamblers. But Kaplan says that in spite of the uncertainty of betting on a sporting event, the younger gamblers have embraced in-running and the new technology such as the Midas. Kaplan reports that Cantor Gaming will eventually let gamblers bet on movements in the stock market. He predicts that there will be an online futures exchange where gamblers can bet on the rise and fall of stocks without owning them.
In researching the question, “While older versions of gambling are fading, should managers choose the technology of on-the-fly wagering to be the future of gambling?” this article will help the reader understand the issues involved in the changes that this technology is bringing to our society. Kaplan gives a description of the software and how it can be used. He relates the history of how this technology was introduced into the casinos and he describes the people involved with introducing it. He quotes the opinions of those who are connected with the world of gambling. Kaplan begins his article with an interesting example of one man’s experience with on-the-fly wagering. Because this article has a wealth of material on the subject of the new gaming technology, it will serve as the primary source for the research.
Read this article
In this article Michael Kaplan describes the touchscreen wireless devices that can be used for on-the-fly wagering or in-running. He tells how this new technology was developed and how it is used. His point of view seems to be that this new technology will be the gaming tool of the future. The software processes information and finds mathematical patterns and correlations and uses this information to decide the odds of sporting events. Betting on sports is a risky business and managers like for their patrons to play slot machines and other games where there is a dependable profit made. The casino owners also discourage betting by expert gamblers. But Kaplan says that in spite of the uncertainty of betting on a sporting event, the younger gamblers have embraced in-running and the new technology such as the Midas. Kaplan reports that Cantor Gaming will eventually let gamblers bet on movements in the stock market. He predicts that there will be an online futures exchange where gamblers can bet on the rise and fall of stocks without owning them.
In researching the question, “While older versions of gambling are fading, should managers choose the technology of on-the-fly wagering to be the future of gambling?” this article will help the reader understand the issues involved in the changes that this technology is bringing to our society. Kaplan gives a description of the software and how it can be used. He relates the history of how this technology was introduced into the casinos and he describes the people involved with introducing it. He quotes the opinions of those who are connected with the world of gambling. Kaplan begins his article with an interesting example of one man’s experience with on-the-fly wagering. Because this article has a wealth of material on the subject of the new gaming technology, it will serve as the primary source for the research.
Technology on Wall Street
Kelly, Kevin. “Cracking Wall Street.” Wired. Feb. 2007 Web. Feb. 2007.
Read this article
In this article Kevin Kelly tells the story of a computer guru who was starting a company that would use computers to predict the stock market. The guru, Doyne Farmer, put microcomputers in the bottoms of his shoes and walked around in a casino. The goal was to predict the toss of a roulette ball. Farmer had tuned his algorithm to the turns of a particular wheel in the casino. While the ball was running, the machine in Farmer’s shoe made small taps on his toe. Farmer sent this information to his partner who also had a microcomputer in his shoe and they were able to place their bet before the ball stopped. The system did not predict the exact winning number, but it predicted a small group of numbers. The gambling partner spread his over this group of numbers and out of the group, one won. They hope to use this same system and technology to predict the stock market. This experiment is another example of the use of technology in on-the-fly wagering whether it is the roulette wheel, horse racing, sports, or the stock market. Kelly’s viewpoint is that this technology will be used for betting in all these areas.
This source will help to answer the research question by showing that technology is the future of any kind of wagering. Farmer says that he can make money with just a small bit of information. He says there are patterns in any kind of random data. That is how his company uses computers to build models. They start with the data and work up. Farmer says that if they are broadly successful, it will show that machines can forecast better than people and that algorithms are good economists. Doyne Farmer has the reputation of being “one of the financial world’s hottest rocket scientists.” If he thinks machines can be programmed to predict the stock market or the winner of a ball game, then it gives credibility to the idea that machines can be used in gambling casinos.
Read this article
In this article Kevin Kelly tells the story of a computer guru who was starting a company that would use computers to predict the stock market. The guru, Doyne Farmer, put microcomputers in the bottoms of his shoes and walked around in a casino. The goal was to predict the toss of a roulette ball. Farmer had tuned his algorithm to the turns of a particular wheel in the casino. While the ball was running, the machine in Farmer’s shoe made small taps on his toe. Farmer sent this information to his partner who also had a microcomputer in his shoe and they were able to place their bet before the ball stopped. The system did not predict the exact winning number, but it predicted a small group of numbers. The gambling partner spread his over this group of numbers and out of the group, one won. They hope to use this same system and technology to predict the stock market. This experiment is another example of the use of technology in on-the-fly wagering whether it is the roulette wheel, horse racing, sports, or the stock market. Kelly’s viewpoint is that this technology will be used for betting in all these areas.
This source will help to answer the research question by showing that technology is the future of any kind of wagering. Farmer says that he can make money with just a small bit of information. He says there are patterns in any kind of random data. That is how his company uses computers to build models. They start with the data and work up. Farmer says that if they are broadly successful, it will show that machines can forecast better than people and that algorithms are good economists. Doyne Farmer has the reputation of being “one of the financial world’s hottest rocket scientists.” If he thinks machines can be programmed to predict the stock market or the winner of a ball game, then it gives credibility to the idea that machines can be used in gambling casinos.
On-the-Fly Wagering
Will on-the-fly wagering not only revolutionize the gaming industry but also the stock market? Lee Amaitis, CEO of Cantor Gaming believes that it will. Amaitis teamed up with Andrew Garrood, a derivatives trader, to develop software that can calculate the odds for betting on sports events. They called this software Midas. In 2004 Cantor opened a sports gambling casino in the United Kingdom that let users set their own bets. They allowed spread betting and the Cantor Index that let people bet on changes in the stock market. Then Amaitis asked the Vegas casinos to let him lease their sports books and teach in-running to American gamblers. It took a year and a half, but Cantor Gaming signed the deal with the M resort in Las Vegas in July 2008. Amaitis bought Las Vegas Sports Consultants which gave him a library of research and statistics. Cantor’s CTO, Sunny Tara explains, “The computer gets the info, the algorithm churns millions of combinations of calculations, it feeds out a price, and that gets displayed on the customer’s terminal in just a few milliseconds.” “It is very similar to a Wall Street model.” They were able to connect what Garrod had in England and what Cantor already had. The amazing thing is that Midas can be working on several games at the same time. In March 2009 Cantor Gaming started its sports book operation at its M Resort casino. Thus was born on-the-fly wagering, known as in-running, which means that one can bet while the game is being played. For instance, while watching a game of baseball, the gambler can bet on whether the batter will strike out or get a hit. Not until Cantor Gaming arrived in Las Vegas was this style of on-the-fly wagering in existence. Until then the sports gamblers were given a limited number of opportunities to bet and a limited amount of time to place their bets.
Since Cantor Gaming introduced in-running in Las Vegas, it has had a great impact on the gambling world, but the possibility of using this software for stock-trading has tremendous implications for our culture. Lee Amaitis says the new technology will make it possible for small investors to participate in the stock market and cut out stockbrokers and other middlemen. Cantor Gaming is working toward letting gamblers bet on the stock market like the Cantor Index in the United Kingdom. If people bet on the performance of stocks without actually owning them, Wall Street, the economy, and our society would be greatly affected. A classic domino effect would be likely to occur. People could use these projected bets as sources for which stocks to purchase, thus causing odd fluctuations in the stock market. This would directly affect the economy through changing individuals’ and corporations’ cash flows, and of course when any factor in the economy is changed, society is affected as well. The sports book at the M Casino in Las Vegas has been run by Cantor Gaming since 2009. Cantor Gaming is a division of Cantor Fitzgerald which is a Wall Street Financial services outfit. The betting at the M Casino is operated much like day trading on Wall Street. Amaitis remarked that “This is going to become Wall Street in the desert.” “We are not building a sports-betting operation; we are building a trading operation.” There are those who are very much opposed to using in-running on Wall Street. John Bogle, founder of Vanguard Group said, “One of the big trading firms announced that its average hold time on a stock was 11 seconds.” “That is not investing—it’s gambling.” The Wall Street firms do not like to compare investing with gambling; therefore they do not approve of the use of hand-held devices like the e-Deck in their traditional investment houses. Another fact that may prevent in-running from being used to trade stocks is that Cantor Fitzgerald is a private company. It has not been subsidized by the government. But if a company like Goldman Sachs started using in-running, the publicity could be detrimental to its business. Goldman has already had bad publicity because of the purchase of four casinos.
While older versions of gambling are fading, should managers choose the technology of on-the-fly wagering to be the future of gambling? Will the Midas affect our lives in the way that facebook, twitter, and the cell phone have affected our culture? If this technology becomes common use in the stock market, what will it mean to the millions of stockholders who buy and sell stock every day? Amaitis says he doesn’t worry about the stigma associated with gambling. He says, “My job is not to judge the morality of why people gamble.” “My job is to invest in and create things that make money for my partners.” In an article in Database Marketing & Customer Strategy Management, Shaun Doyle says that because of the competition and high customer expectation the gaming industry is being forced to provide more products and services to its customers. The casinos have more data about their customers and they could use this data to decide whether to stick with the traditional forms of betting or to invest in the new technology. For instance, if the data indicated that most of their customers were of the younger generation, the hand-held computers would be feasible, but if they are older, they would probably prefer an atmosphere of more socializing and the traditional methods of gambling. Amaitis wants anyone who has a smartphone or Internet connection to be able to make in-running bets with Cantor. He is even considering the possibility of betting on elections, the Academy Awards, and American Idol. He tried Hollywood futures; that is, letting people bet on movie box-office results, but the Motion Picture Association of America objected. But the technology of on-the-fly wagering is catching on, and it may be the future of gambling. This could be just one more area of our culture affected by high-tech innovations.
Since Cantor Gaming introduced in-running in Las Vegas, it has had a great impact on the gambling world, but the possibility of using this software for stock-trading has tremendous implications for our culture. Lee Amaitis says the new technology will make it possible for small investors to participate in the stock market and cut out stockbrokers and other middlemen. Cantor Gaming is working toward letting gamblers bet on the stock market like the Cantor Index in the United Kingdom. If people bet on the performance of stocks without actually owning them, Wall Street, the economy, and our society would be greatly affected. A classic domino effect would be likely to occur. People could use these projected bets as sources for which stocks to purchase, thus causing odd fluctuations in the stock market. This would directly affect the economy through changing individuals’ and corporations’ cash flows, and of course when any factor in the economy is changed, society is affected as well. The sports book at the M Casino in Las Vegas has been run by Cantor Gaming since 2009. Cantor Gaming is a division of Cantor Fitzgerald which is a Wall Street Financial services outfit. The betting at the M Casino is operated much like day trading on Wall Street. Amaitis remarked that “This is going to become Wall Street in the desert.” “We are not building a sports-betting operation; we are building a trading operation.” There are those who are very much opposed to using in-running on Wall Street. John Bogle, founder of Vanguard Group said, “One of the big trading firms announced that its average hold time on a stock was 11 seconds.” “That is not investing—it’s gambling.” The Wall Street firms do not like to compare investing with gambling; therefore they do not approve of the use of hand-held devices like the e-Deck in their traditional investment houses. Another fact that may prevent in-running from being used to trade stocks is that Cantor Fitzgerald is a private company. It has not been subsidized by the government. But if a company like Goldman Sachs started using in-running, the publicity could be detrimental to its business. Goldman has already had bad publicity because of the purchase of four casinos.
While older versions of gambling are fading, should managers choose the technology of on-the-fly wagering to be the future of gambling? Will the Midas affect our lives in the way that facebook, twitter, and the cell phone have affected our culture? If this technology becomes common use in the stock market, what will it mean to the millions of stockholders who buy and sell stock every day? Amaitis says he doesn’t worry about the stigma associated with gambling. He says, “My job is not to judge the morality of why people gamble.” “My job is to invest in and create things that make money for my partners.” In an article in Database Marketing & Customer Strategy Management, Shaun Doyle says that because of the competition and high customer expectation the gaming industry is being forced to provide more products and services to its customers. The casinos have more data about their customers and they could use this data to decide whether to stick with the traditional forms of betting or to invest in the new technology. For instance, if the data indicated that most of their customers were of the younger generation, the hand-held computers would be feasible, but if they are older, they would probably prefer an atmosphere of more socializing and the traditional methods of gambling. Amaitis wants anyone who has a smartphone or Internet connection to be able to make in-running bets with Cantor. He is even considering the possibility of betting on elections, the Academy Awards, and American Idol. He tried Hollywood futures; that is, letting people bet on movie box-office results, but the Motion Picture Association of America objected. But the technology of on-the-fly wagering is catching on, and it may be the future of gambling. This could be just one more area of our culture affected by high-tech innovations.
Tuesday, February 22, 2011
Works Cited
Kaplan, Mark. “Wall Street Firm Uses Algorithms to Make Sports Betting Like Stock Trading.” Wired Magazine. Nov. 1, 2010.
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