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‘American Idol’ Betting: The Game Behind the Game

Lambert’s high point was April 10, days after his much-lauded performance of “Mad World,” when he hit 69 percent with 1-2 odds — meaning $5 won for every $10 bet.

Unlike Betfair, America’s Line analyzes “American Idol” and creates odds, but does not take bets. Like if I suddenly started betting big on Matt Giraud, then they would say his probability is higher and change the odds for which I can buy him.”

“We look at what’s happening on ‘Idol;’ we look at past performances. Online betting communities facilitate the flow of funds between people who look at “Idol” like a horse race or football game, placing money on contestants most likely to benefit their bottom line, talent be damned.

“We use the same settlement structure as Tradesports.com [now defunct] and Intrade.com,” explained James’ co-worker, Earl (also not his real name), who made $350 last season and is up $250 this year. Offshore bookmakers who run Internet sites say they don’t take bets from American accounts, but of course, U.S. They both proceeded to lose.”

“If one person had a spectacular performance, as Adam Lambert did a few weeks back, they’ll get better odds from us, the same way we alter the odds after a game if one team beat the other by a good margin,” Eckstein added.

Millions tune in to the live broadcasts of “American Idol” for the singing, the suspense, the chance to select the country’s new music sensation.

Others couldn’t care less. They publish their odds online and in a nationally syndicated newspaper column. citizens who want to participate could set up offshore accounts or use international bookies to place their bets (though their activity would still be illegal).

“It works like a stock exchange,” explained Betfair’s Michael Robb. So if you buy five Adam Lambert’s from someone, and he wins, you win $500 from that person.”

As with any entertainment or sporting event, online gambling on “American Idol” is illegal in the United States. “One contract either expires to zero (if the person gets voted off), or 100 (if they win). “I bet against the tiny Asian girl and against the woman with a bunch of tattoos. “Unless he gets convicted of a felony, he’ll win it.”

So far this season, the “American Idol” markets have traded $159,353 on Betfair, which is based in Britain.

Meet the alternate breed of “American Idol” fan: the one who’s in it to win it — cash. We come up with an opening set of odds based on the early auditions, and those are tentative. As in the actual competition, in online betting communities, raven-haired musical theater veteran Adam Lambert is favored to win “American Idol.” Two of the Internet’s largest sites, Betfair.com and Intrade.com, give him a 65 percent and 66.3 percent chance of winning, respectively.

“Intrade.com is a good guide to get an idea of values,” he added. They just check the results and then their bank accounts.

CLICK HERE to see Betfair’s chart of each contestant’s chance of winning.

According to Betfair’s calculations, at the start of this season, Lambert had a 15 percent chance of winning, with 6-1 odds — meaning $60 won for every $10 bet. “But the guys I work with use supply and demand to determine what the marketplace is pricing in for the probability. So instead of Betfair setting the odds, we create a marketplace where someone goes on and says I want to bet on Adam Lambert at such and such a price.”

“Last year, I made around $50,” he said. His winnings were paltry.

“Adam Lambert started out somewhere in the middle, but he’s absolutely the odds on favorite now,” he said.

Instead of going through the rigmarole of placing bets through an online community, some American gamblers who want to participate set up their own pools among friends or co-workers and use online odds as a guide.

Though Giraud’s an underdog, financial trader James wants the 23-year-old who earned the judges’ once-per-season “save” last week to clinch the “Idol” title this year, if only so he can bank $200. “I watched one episode this year to get an idea of the competition but I’ve never watched regularly.”

You don’t have to be a gambling expert to predict who’ll win this year. They started assessing “Idol,” “Dancing With the Stars,” “Survivor” and other competitions eight years ago, when reality TV gained popularity in earnest.

“I enjoy it because I enjoy gambling, and because it’s funny to listen to my colleagues talk about their positions,” said James (not his real name), who bets on “American Idol” with co-workers at a New York City financial firm. You get a sense after doing it for a few years about who’s going to be hot,” said Ben Eckstein, president of America’s Line.. The odds are created by users. America’s Line’s Eckstein would probably tell him to give up hope and move his money elsewhere.

James got into “Idol” betting last season

How To Get Offshore Oil Rig Jobs With No Experience

Offshore oil rigs legally count as ships at sea, so you’ll want to find out how the different laws affect you. Start with an entry level job, prove yourself, get promoted.

By: Calvin Loh

Article Directory: http://www.articledashboard.com

For most jobs on an oil rig, university degrees are useless pieces of paper. Don’t forget to check with a good tax lawyer – at one point of time, there were very good tax incentives for people taking up offshore jobs. Large oil companies like Exxon spend $79 million everyday looking for new oil fields. Good cooks and medics are two other entry level positions always welcome on an oil rig.

Unlike most physical jobs, you actually have a pretty good career path. Offshore drilling companies like Transocean are still deploying new oil rigs and hiring workers. Work hard and smart for one to two years, and you could be promoted to a roughneck. You will be doing a lot of hard, dirty work and heavy lifting. With the amount of money being spent in the oil industry, you can bet that there will be offshore drilling jobs available to a fit, hardworking young man.

Offshore oil rig jobs are like any other career – you start at the bottom and work your way up. Instead, go for a certified trade like an electrician or mechanic. Worldwide, $400 billion will be spent in 2009 looking for more oil… In this line of work, you want to look for entry level roustabout jobs. This could get you highly paid jobs in the electrical department or motor room. You will also get the chance to help the derrickhands and drillers, giving you the experience to be promoted to a driller yourself.

Remember to read up a little bit on maritime law. Even though OPEC is complaining that oil at $40/barrel is too cheap. The different requirements are not just across countries, but also across US state boundaries and Canadian provincial boundaries.

Are you looking for offshore oil rig jobs and oil rig employment? Click here to learn how RigWorker can help you to quickly and easily find offshore drilling jobs.

You can still find offshore oil rig jobs even in the middle of this recession. Depending on where the oil rig is located, you may need vaccinations, first aid certifications, offshore survival certifications, firefighting certifications and helicopter underwater escape training certifications. A certified welder could make $60,000 working on an offshore oil rig. You’ll be doing more of the same physical work, but you will also lead a team of roustabouts. Even though the Department of Labor will call you a general laborer, you’ll be earning somewhere around $45,000 a year, better than some white collar jobs..

Even without experience, getting offshore oil rig jobs is easier than getting a job as a rocket scientist

All Bets Are Off On ‘Survivor’

All Rights Reserved. One person was said by BoDog to work in a “production role” for CBS.

By Lynn Elber

© 2003 The Associated Press. He declined further comment on the allegations, or on any action CBS might take.

Odds will be offered on the seventh “Survivor” but all bettors will be carefully monitored, BoDog President Rob Gillespie said in a statement.

The players’ current bets on “Survivor: Amazon” have been canceled and their money refunded, Bradley said. This material may not be published, broadcast, rewritten, or redistributed. The winner is unknown until he or she is chosen in a vote by other contestants during a live broadcast.

They wagered correctly on who would be the final two contestants in both the fourth and fifth editions of “Survivor,” Bradley said.

“Only ‘The X-Files’ has more conspiracy theories than ‘Survivor,’” CBS spokesman Chris Ender said. The players in question opened accounts with BoDog before “Survivor: Marquesas,” the fourth show, and bet only on the show and no other events.

Betting on events other than sports or racing is banned in Las Vegas sportsbooks, a spokeswoman for the Nevada Gaming Control Board said Thursday. “Some have been right, many have been wrong.”

He wasn’t aware of any other possible legal sanctions.

An online sportsbook said it has dropped betting on CBS’ “Survivor” after allegedly finding that network employees were wagering – and winning – on the hit reality show.

The Costa Rica-based BoDog.com found at least two CBS employees betting on the show’s outcome, said BoDog spokesman Lance Bradley. The biggest payoff, $8,000, came on a $1,000 bet placed on the fifth “Survivor” at 8-to-1 odds.

“We’re pretty sure this is the case,” Bradley said. The suspicion is they had insider knowledge, he said.

The show narrows the field to two finalists in filmed competitions. Most offshore sportsbooks accept such alternative bets, said BoDog’s Bradley.. Asked if BoDog might consider legal action, he replied: “It’s not something we’d want to pursue, as a matter of precedent.”

For the current “Survivor,” the bets in question affected the odds for contestants Jenna Morasca of Pittsburgh, Pa., and Matthew Von Ertfelda of Washington, D.C.

At least two players have been identified as CBS employees and other names may be connected to the network or may be aliases, Bradley said. Bradley said that bets taken from those alleged to be with CBS skewed the odds significantly on “Survivor” contestants.

“Throughout the history of ‘Survivor,’ many have believed they knew the outcome of the show,” Ender said.

Callers to the Bodog.com offices were told that wagers were no longer being accepted on “Survivor.”

BoDog requires that bettors must not have knowledge of an event’s outcome

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