When was bet made

It argues that if there were a need for patrons to be physically present, the legislature could specify that. But by not specifying the need for patrons to be physically present it was likely permissible provided servers were on-premises. A memorandum for FanDuel argued that New York law determines that a bet is deemed made where it is accepted. The memo cites a case involving horse racing that states the location of a bettor at the time he places a bet does not matter.

The memorandum provides a number of illustrations of courts finding that where a bet is accepted is the determining factor, however, it notes that there are detractors. An additional memorandum was prepared for the Madison Square Garden Company and found support for the proposition that mobile betting under the proposed New York regulations would likely be deemed acceptable.

A final white paper analyzing, in part, the constitutionality of mobile betting in New York was prepared by the law firm Gibson Dunn of New Jersey sports betting lawsuit fame. The white paper found that under the legislation they analyzed, mobile wagers would likely be deemed to occur at a casino, if that was where the servers were physically located. There appears to be support for the contention that a bet, in some circumstances, can be deemed to be made where it is accepted.

In the above-examined cases, the servers were proposed to be located at the casino. There are, however, some questions that still loom even within the state-level case law. Gambling problem?

About Contact. This site contains commercial content. January 21, Share on Facebook Share on Twitter. Bet either side, or both! Share 10 Tweet Share. Related Posts. Load More. The banker, by this time, has gone broke due to his own recklessness and gambling. He begins to worry that the lawyer's bet with him will ruin him financially. The banker begins to hope against all hope that the lawyer will break his vow and lose the bet. He doesn't even feel remorse at his evil thoughts, excusing them on the basis that they are in his own best interest.

In fact, the banker even manages to convince himself that the lawyer is getting the better end of the deal, since he will still be relatively young at 40, and, with the 2 million rubles, relatively rich. With this in mind, the banker goes to investigate how the lawyer is doing. He finds that his prisoner is asleep at his desk, looking much older and careworn than he ever imagined him to be. After observing him for a few seconds, the banker notices a letter on the table. In it, the lawyer proclaims his intention to renounce earthly goods in favor of the spiritual blessings.

The prisoner has become entirely embittered during his captivity. He has developed an intense hatred for other humans and believes that there is nothing that he or they can do to ever reconcile this chasm. To prove his seriousness, the lawyer decides to leave his prison five hours before the appointed time, and renounces his claim to the two million, thereby freeing the banker from his debt and from financial ruin. The banker cries and kisses the prisoner with relief.

The next day, watchmen alert the banker of the lawyer's escape, and the banker is unsurprised. He walks over, takes the letter from the lodge, and locks it in a fireproof safe. In The Bet , Chekov decides to analyze which is worse: life imprisonment or capital punishment. In order to do this, he sets up a bet that would likely never take place in real life.

As for a few of the largest of such single bets we could track down, consider the story of William Lee Bergstrom, better known more simply as the Phantom Gambler before his identify was later discovered. As promised, Bergstrom took the chips and bet them all on a single throw of dice, which he won.

Binion would later recall that he personally escorted Bergstrom to his rental car and observed him nonchalantly throwing the suitcases onto the passenger seat before driving away.

Because he never told anyone his name and the bet had been so astonishing, Bergstrom came to be known in Vegas as the Phantom Gambler as well as, perhaps more aptly, the Suitcase Man. A few months later, Bergstrom strolled into the casino again and bet one million dollars on another single throw of dice. On this occasion, however, Bergstrom lost but still somehow maintained his cast-iron facade, reportedly afterwards simply eating an enchilada and leaving. A few months after that, Bergstrom killed himself.

You see, independently wealthy from real estate dealings in his native Texas, Bergstrom had no need for the money he won, though he did enjoy travelling the world with his lover prior to their breakup.

Moving onto something a little less depressing, another gambler known for making exceptionally large bets, seemingly on a whim, was Australian media mogul and billionaire Kerry Packer. Legendary in the sphere of gambling for his exploits, Packer happily gambled away millions during his lifetime, routinely betting hundreds of thousands of dollars on single hands of blackjack or a game of baccarat, and over the case of days of gambling winning or losing sometimes tens of millions of dollars.