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Chris Christie is right about sports gambling (Opinion)

When gambling is profitable to these entities and interest groups, it’s legal. The opinions expressed in this commentary are solely those of the author. The NFL, for example, runs its own fantasy leagues, and licensed use of any NFL products is an additional revenue stream. Prohibition didn’t work because we didn’t accept it. The New Jersey Attorney General’s office has since directed law enforcement to refrain from prosecuting casinos and racetracks for running sports-wagering pools.

Placing a bet with your bookie at the bar is outlawed, but not because it’s intrinsically immoral.

Of course, supporters of vice prosecution argue that the individual’s addiction or bad decisions always have an indirect collateral effect on society as a whole: Drugs and prostitution ruin neighborhoods, while booze and cigarettes impose a health care cost borne by all of us.

Sports wagering is probably next. And, of course, fantasy activities increase viewership; instead of watching only your team on Sunday, you’re going to watch every game and commercial featuring your fantasy players. Here’s what happened:

The federal government and an association of sports leagues are opposing this move to legalize sports betting. That was challenged by the NCAA, NFL, NBA, NHL and MLB, and the federal government in federal court. NBA Commissioner Adam Silver has conceded what the rest of us have known for a long time: Legal sports gambling is inevitable.

Confused? You should be. It’s in Christie’s interest — and that of New Jersey — to revive the casino industry.

And then there’s gambling.

Crimes, on the other hand, are wrongs committed against another person, or society as a whole–by definition, damaging another person’s body or property.. Standing in line for the lottery in your bathrobe in the early afternoon? Still legal, but really sad.

Whether it’s outlawing drugs, prostitution, even alcohol Prohibition, making vices illegal is problematic because it’s illogical. The court held the state law conflicted with federal law, called PASPA, which prohibits engaging in a sports gambling scheme “pursuant to state law.”

It has often been said that vice crimes are “victimless,” because each one of them involves a deliberate choice to inject, fornicate, snort or swill to the detriment of one person: the person with the bad habit.

Just kidding. Another way the NFL benefits massively from fantasy sports.

Which means — and this is confusing — sports betting may be legal in New Jersey.

Trump Plaza is one of the Atlantic City casinos that has shut down.

That question might have been answered in the negative, if Atlantic City had not suffered big declines in the profits of casino businesses in 2013. Chris Christie’s request to permit legal sports betting in the Garden State. That is apparently different than banning a state from making sports gambling legal.

The nice thing about vices is that as they become more widespread, popular acceptance eventually overrides the law. They care about money. Virgin Islands. It’s illegal only because the government is not taxing it, and because the pro sports leagues are not getting a cut of the action. These benevolent entities have every interest in preventing the moral scourge and corrosive addiction that is gambling.

The Unlawful Internet Gambling and Enforcement Act of 2006 makes an exception for any fantasy sports game with an outcome that reflects the relative knowledge of the participants (but not chance). That sounds a lot like betting on games–but then again, who are we to question the wisdom of Congress?

Basically, if a state law conflicts with a federal law, and the federal exercise of power in that area is valid, the state law loses. What a surprise: In states where it is now legal it is taxed and regulated.

The pro teams and leagues must be furious, right? Well, actually no. Believe me, if Apple figures out a way to fit prostitutes with one of those Square credit card readers for the iPhone to automatically deduct sales taxes and Social Security, well, just get ready for the UberEscort app is all m88 sport betting I’m saying.

While the Garden State has a “moral” dilemma, the leagues’ position remains the same: the 3rd Circuit decision doesn’t guarantee them any profit, so they will continue to oppose sports betting as they have so far in this case.

STORY HIGHLIGHTS

Ultimately, don’t think for a second that the leagues, the states or the federal government care about the morality of our gambling addictions. Our governments are less morally conflicted, it seems.

Danny Cevallos

Danny Cevallos

Read CNNOpinion’s new Flipboard magazine.

Join us on Facebook.com/CNNOpinion.

Here’s the fascinating part about the New Jersey case: The federal court of appeals held that the state could not sponsor or license sports gambling. Follow us on Twitter @CNNOpinion.

After all, state-sponsored gambling is already an entrenched part of our society in the form of the lottery. Meanwhile, if you would like to buy a lottery ticket, those odds on the Powerball are about a bajillion-to-one. The court voided the New Jersey law, finding it was pre-empted by the federal law.

The sooner the leagues figure out an infrastructure that siphons revenue from Grandpa Vito’s nasty penchant for blowing his pension check on the ponies, sports betting will magically become OK with pro sports. When someone else is making the profits, it’s magically illegal. It’s all about money.

Make no mistake, the only reason lotteries are legal is because the government gets to wet its beak. As it stands, a federal court of appeals has struck down a New Jersey law repealing a sports betting ban. Don’t believe me? Fantasy sports–gambling havens of their own–are legal, and now an industry.

On October 6, a federal district court judge will entertain New Jersey Gov. Vices are personal choices made that harm one’s own body or property.

Court will rule on Chris Christie’s effort to legalize sports gambling in New Jersey

Danny Cevallos says sports leagues, federal government oppose the move

He says it’s not an objection on moral grounds; the foes just want their share of money

Cevallos: For New Jersey, the key is to stop the loss of casino jobs

New Jersey passed a 2012 state law legalizing sports betting in the state. Marijuana has become legal over time by slowly gaining ground, until users–and states–openly flouted federal criminal law. But the government is happy to take your money on that bet.

So then, can sports betting become morally and legally acceptable in New Jersey, where the government is prohibited from licensing or sponsoring it? Traditionally, gambling has only been legal when the government can profit, but the governor and his attorney general have apparently decided that a devastating loss of jobs in Atlantic City justifies forgoing money in the coffers.

(CNN) — As a society, it seems we’ll always struggle with our vices. So, the New Jersey law allowing sports wagering was struck down, except that the court observed that the federal law banned a state from “licensing” or “sponsoring” sports gambling. It’s the ultimate hypocrisy to suggest that there’s something evil about putting 50 bucks on the Eagles to cover the spread: a close to 50/50 wager. That put Christie in a bit of a pickle: Is there any point in legalizing sports wagering if the state doesn’t get a piece of the pie?

That means you and I will continue to get stuck in line at the Kwik-e-Mart, behind some delusional nudnik spending money he doesn’t have on a handful of scratchers, or calling out his “lucky” numbers to the clerk. Follow him on Twitter: @CevallosLaw. As long as the state offers some flimsy pretext about the money going to schools or senior citizens, we the people are placated.

Editor’s note: Danny Cevallos is a CNN legal analyst, criminal defense attorney and partner at Cevallos & Wong, practicing in Pennsylvania and the U.S. Pal, you’re in your pajama pants and slippers, out in public, at noon on a weekday: Your “lucky numbers” are anything but “lucky.” Time for some new lucky numbers, and a job.

By this logic, New Jersey could pass a law making sports betting legal in a casino, so long as the state had no part in regulating it

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Learn Online Sports Betting

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Sports Bettor Billy Walter’s Winning Streak

Most bettors come to a sports book inside the casino, to lay their bets, wagering $2.5 billion dollars every year. He used to make his living off it.

“When I met him, he was driving an old Cadillac full of bullet holes. Nevada is the only state in the country where taking bets on individual games is legal.

“What’s the most you’ve ever made on a hole?” Logan asked.. Believe me,” McCarlie added.

When Walters golfs, it’s mostly for fun. All rights reserved.

“Probably $400,000,” Walters said.

“Ten,” McCarlie said.

“What’s the price?” Walters asked.

“You got it for a dime!” Walters agreed.

He gambled on the Super Bowl last year and won $3.5 million.

He bets on football and basketball, is worth hundreds of millions of dollars, and has been so successful that many Las Vegas bookmakers are afraid to even take his bets.

“That’s a lot of money,” Logan remarked.

Asked what his biggest win was on a round of golf, Walters said, “Probably a million bucks, around a million dollars.”

Walters has been almost as elusive as Howard Hughes, avoiding publicity, reluctant to reveal his secrets. I lost it all in the Horseshoe Hotel playing blackjack before I went to bed,” he replied.

“I’ll take 15,” Walters countered.

“He is,” both men replied simultaneously, laughing.

“By far. But there are some high rollers who consistently win, and it’s hard to find anyone better at winning than Billy Walters. So, how does a professional gambler approach the big game?

Asked if there’s anything he doesn’t gamble on, Walters replied, “Not really.”

On the day we went along, the two buddies decided to play for $5,000 a hole, with a few side bets along the way. Now, he’s a very wealthy man,” Walters replied.

“Yes. Had no air conditioning. And he showed us how the hustle worked with Gene McCarlie, an old friend and casino owner.

“Who’s the better golfer?” correspondent Lara Logan asked Walters and McCarlie on a golf course.

“How much money have you taken off him over the years?” Logan asked.

But after 30 years of unprecedented success, the man who calls himself a Kentucky hillbilly agreed for the first time to open the door into his betting life in Las Vegas – a life he describes as one m88 long hustle – in betting parlors, in pool rooms and on the golf course.

© 2011 CBS. Small potatoes for Walters.

The Gambler

Extra: The “Keyser Soze” of Las Vegas?

Extra: Billy Walters’ Analytics

Extra: The $3.5 Million Bet

When it comes to gambling, everybody knows the house has the advantage. I never got to bed to with it.

The Super Bowl: America’s Biggest Bet

More people bet on the Super Bowl than any other sporting event. “Five-to-one for birdie,” McCarlie replied.

Walters just missed a 60-foot putt, but after only three holes, he was up $17,000

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Casino-Gaming :: How Safe is Online Casino Gambling?

The safety of playing should be guaranteed from the first deposit of money to the final withdrawal of cash. Having multiple revenue streams, giving them more incentive to stay honest and making it more likely that they will stay profitable.

Online casinos are created and operated in such a way that it has won over the trust of millions of players the world over.

Every player should choose sites which can provide them maximum protection against hacks and other breaks in security.

When you gamble in an online casino the only one in reach of your pockets is anyone you let into your own front door. They want to know if the games are honest and if their money will be safe. While some online casinos offer even higher payout percentages on their online slot machine games others publish payout percentage audits on their websites usually approved by a third party accounting group approving that the online casino is using an honest programmed random number generator (RNG) which eventually makes the online casinos even reputable at some points over the land based traditional casinos. If a casino is verified by such a group there will be a link to them on the website of the safe casino Such groups include the Kahnawake Gaming Commission and the Interactive Gaming Council.

Moreover, online casinos that have a number of different gaming avenues tend to be safer. Today, a casino guide to identify safe online casino sites is much needed by all gamblers. Many players are hesitant to put money into an online casino because they are concerned that they will not get paid when they win or that the games are rigged and they will lose their money. There are a lot of other options out there.

The first on the list of online casinos guidelines for safe gambling is ensure that the online casino you wish to play at has a valid license and you can do that by simply checking the websites that post reviews and ratings of the online casino.

Online casinos usually offer odds and payout percentages that are almost the same as land-based casinos. Through this useful casino guide, one can play with much safety in a gambling site. However there are those websites that are set up to scam players from their money and that’s where online casinos guidelines for safe gambling come into play. Your credit card is fully safe with the online casino you can be sure that your personal details stay with the casino for you to authorize deposits into your casino balance and most online casinos even use higher level encryption than your bank.

There are some groups dedicated to making sure that online casinos are safe. Be careful of online casinos that have outrageously high bonus offers or that have only been around and in the long run, if you’re not comfortable with a certain casino, don’t use it.

However, if you’re not sure about how safe a casino is, try doing some online research to see what others say. Safety is the pre-eminent concern that players have about online gambling.

Tackling vices one by one, Philippines president targets online gaming | Reuters

These operators, forbidden to accept bets from locals, have been allowed to keep operating. “Electronic gaming can never take credit for that.”

Pagcor is also looking into the activities of the Philippines’ special freeport zones that issue licenses to foreign online gaming firms, Domingo added.

That will add to the flashy properties of Melco Crown’s City of Dreams Manila and Philippine billionaire Ricky Razon’s Solaire property, controlled by Bloomberry Resorts Corp, which have already opened.

Until recently, Filipinos could gamble in licensed online cafes, as well as casinos, but Duterte refused to renew the exclusive license of the operator of more than 300 such cafes, Philweb Corp, after its permit expired on Wednesday.

Annual economic losses from halting Philweb’s contract and closing down e-bingo outlets would be about 10 billion pesos ($214 million), said Pagcor, which is a gaming operator in addition to its role as regulator.

Japanese billionaire Kazuo Okada is expected to open a $3-billion casino resort in Manila’s Entertainment City by year end.

“It is not quite clear what the president really wants and what the endgame is.”

“I doubt if anyone expected what happened,” said a former top official at Pagcor, who asked not to be identified as he was not allowed to speak to the media.

But Duterte’s position on online gaming hosted in the Philippines for bettors from overseas remains to be clarified, Pisano added. This is out of control.”

Last week, Duterte, nicknamed ‘the Punisher,’ singled out Philweb’s chairman, Roberto Ongpin, one of the richest men in the southeast Asian nation, as an example of an oligarch who benefited while the poor suffered.

Philweb’s shares lost more than 50 percent to hit lows not seen since 2008 after Ongpin resigned last week, telling shareholders he hoped his action would help get the company’s license renewed.. It has sprouted here and there. However, as the Philippines looks to boost tourism, its burgeoning market for integrated casino resorts, touted as a new Asian hotspot after Macau and Singapore, is unlikely to be targeted, industry executives and Pagcor said.

The Philippines is the base for most Asian international online gambling operators, who hold licenses issued by its Cagayan economic zone.

(Editing by Clarence Fernandez)

Philweb has started winding down operations and is working with Pagcor to retain the jobs of its 5,000 employees.

“As we wind down the operations over the next few days, we will have to assess what that means for our operations in the short term,” its president, Dennis Valdez, told reporters.

“We are there to bring in foreign tourists and foreign dollars,” said a Manila-based casino executive who declined to be named, as he was not authorized to speak to the media. “It’s business as normal for now,” said Joe Pisano, chief executive of Jade Entertainment and Gaming Technologies, based in the capital, Manila.

REGULATOR ALSO LOOKING INTO FREEPORT ZONES

Duterte declared war on online gambling soon after being sworn in on June 30, saying, “Online gambling must stop. ($1=46.7390 Philippine pesos)

The Philippine gaming industry is one of Asia’s most freewheeling, attracting scores of online foreign companies over the last decade to set up servers aimed at overseas punters, and has lured investments of billions of dollars in casino resorts.

MANILA/HONG KONG After unleashing a crackdown on drugs, Philippine President Rodrigo Duterte is turning his guns on a booming online gaming industry, abruptly scrapping one firm’s 13-year monopoly this week and denouncing its billionaire chief as a corrupt oligarch.

“With the strong and repeated pronouncement of the president, there is no choice,” Andrea Domingo, head of Pagcor, the state regulator of casinos and online gambling, told Reuters

High-rollers from China make Singapore casinos see red | Reuters

Some of the 200 or so operators there have been associated with triads, or criminal gangs, which are notoriously efficient in collecting money.

Sands has described Singapore as the “most challenging credit market”, citing the highly concentrated nature of the market, the small number of junket operators and very little legal help in the region to collect debt.

The key things that a casino looks at when extending credit to VIP gamblers are the player’s credit history at other casinos and references, said a former executive at one of the casinos.

“Once somebody gives you that one credit line, you go anywhere, people will give it to you provided that you are on good payment terms,” he said. Her application form showed that she received a reference for the initial credit facility of S$200,000.

Genting Singapore’s trade and other receivables rose by nearly one-third from a year earlier to S$959.5 million as of end-2012. They are bringing in people who are playing million-dollar hands.”

Other gaming company analysts said the numbers were not yet a huge worry, but they were watching the increase with concern.

“The more you start to see the increase in their receivables, what you then start to see coming through in their results later on, is possible deterioration in their earnings quality and also including cash flow generation,” said Vicky Melbourne, Fitch Ratings’ Asia Pacific head of industrials.

Resorts World sued Chinese gambler Kuok Sio Kun in Singapore last year to recover S$2.2 million ($1.8 million). But as gambling debt is considered a civil, not criminal, issue in Singapore, gamblers who fail to pay will not be arrested.

“It’s the volume and the level of play,” said Adam Weissenberg, global leader of the travel, hospitality and leisure segment at Deloitte & Touche. But here, more of them skip town without paying their debt, a matter of increasing concern for investors.

“The junket operators shoulder most of the credit risk and debt collection in Macau, but Singapore has a structural disadvantage of not having the junket network and presence,” said Lucius Chong, an analyst at CIMB Research.

Marina Bay Sands did not give details of the cases. Within the next few days, it granted three more credit lines worth S$2 million, documents show.

Three years after Singapore allowed casinos to open, Genting Singapore PLC’s Resorts World Sentosa and Las Vegas Sands Corp’s Marina Bay Sands have become the world’s most profitable. But more than six months on, the casino has not even managed to serve court papers to the Macau-based woman.

(Editing by John O’Callaghan and Raju Gopalakrishnan)

“I have made all reasonable efforts and used all due means in my power to serve the court documents on the defendant, but have not been able to do so,” the Macau lawyer said in the documents.

“If there is a lot of gambling debt and the gambler is in China now, usually the casinos can hardly get any cooperation from the Chinese government to go after them because gambling is illegal in China,” said Huang Jing, director at the Center on Asia and Globalization at the Lee Kuan Yew School of Public Policy in Singapore, who advises China’s policymakers.

Singapore’s two casinos had estimated combined gross gaming revenue of about $5.9 billion last year, according to industry analysts, just below the $6.2 billion pulled in by dozens of casinos on the Las Vegas strip.

Las Vegas Sands said its overall provision for doubtful accounts rose an annual 59 percent to $239.3 million last year, with the bulk of the increase due to receivables at the Singapore casino “related to credit extended, as well as increases to provisions for specific customers.”

PAINFUL PROCESS. This means that even if a casino obtains a judgment in a Singapore court, it also has to sue the gambler in China, they said.

So, when faced with bad debts, casinos negotiate with the gamblers, and as a last resort, file suits in court. But he noted that it was difficult to accurately assess an overseas gambler’s net worth.

It was not immediately known what she played at the tables, but baccarat is the game of choice for high rollers at the exclusive Crockfords Club at Resorts World and in Paiza at Marina Bay.

Singapore only has three junket operators, which are heavily regulated and must renew their licenses each year as the city-state seeks to maintain its image as a clean and safe business and tourist destination.

The two casinos have sued at least three Chinese gamblers to recover millions of dollars but court documents reviewed by Reuters show they have not been able to get any money from them so far.

It then hired a Macau-based law firm, which advertised in a Chinese-language newspaper, posted the court documents at Kuok’s last known address and went there twice.

After several letters of demand went unanswered for months, it tapped a Singapore law firm to sue the 46-year-old, court documents show.

Singapore does not have reciprocal enforcement of judgments with China, except for Hong Kong. “The casinos are bringing in people who have million-dollar credit lines. Genting Singapore declined comment.

MULTI-MILLION DOLLAR CREDIT LINES

Many of the suits filed in the Singapore court are against gamblers based in the country, but there are likely to be larger claims on Chinese high-rollers that are not pursued due to the “painful” process and the potential bad publicity, lawyers said.

But despite profit margins of more than 40 percent, far higher than in Macau and on the Las Vegas strip, Singapore’s casinos risk more write-offs.

Resorts World gave Kuok S$200,000 in March 2010 and another S$800,000 in October. Resorts World filed 11 cases in 2012 and one in 2010. These cases relate to all manner of claims, not just gambling debts.

An examination of court documents by Reuters and a series of interviews with lawyers and industry executives reveal that several of the gamblers have run up millions of dollars in debt and then scampered back to China, where they are effectively untouchable.

“Even if you have assets, if you are overseas they can’t sue you, especially in China.” ($1 = 1.2397 Singapore dollars)

More than 30 casinos in Macau, a special administrative region in China, raked in $38 billion in gaming revenue in 2012.

SINGAPORE High-rollers get lavish treatment and hefty credit lines at Singapore’s two casinos, like any other gaming house in the world. Impairment loss on trade receivables was 18 percent higher at S$143 million for 2012.

In Macau, the world’s biggest gambling haven, debts are mostly handled by junket operators, who bring high rollers to casinos. Chinese nationals account for around half of the VIP gaming volume at their tables.

Kuok owed the casino S$2.2 million after offsetting deposit and commission. Court documents show Marina Bay Sands has filed 84 claims for at least S$250,000 each at Singapore’s top court since 2010, including 62 last year and 11 as of mid-March this year

Sports Betting

It is easy to just double up on a couple of bets to try and recoup your losses, but what if you lose those bets, too? You’re only human and you will want to chase those losses, but if you stick to your original budget and plan, it will pay off and it will all make sense at the end of the season. locks and ‘sure things’.

Whether you are at your local track, playing online, or just betting a group of co-workers or friends on a game, there are several factors to keep in mind.

. So, go ahead and visit your favorite online sports betting site. You can see what your bankroll would have been if you chased. Go ahead and try it. Example: You have an excellent winning streak, 8 wins and 1 loss. Sure, every once in a while spurge and double your bet if it is on a strong play and not what you want to be a strong play. Typically you need to spend only 5% of that stash. Ah, but now it is easy to lose your focus and forget your previous wins. You need to limit yourself to what you can and will bet. This is probably the hardest thing about being successful at wagering over a period of time. You lose discipline you lose your money. You are now 7 units up. Two things do not exist in the real world…. Whoops! Now you lose 3 in a row, but you are still up 4 units. Stick to your plan, but write down all the times you wanted to chase your losses through the season. Just remember to stay in control of your money.

You must have discipline, as this is the foundation you must have in order to properly and successfully manage your money and place wise wagers. Profits do speak volumes.

With so much sports betting being done online these days and sports betting online being so accessible to everyone, money management is a must! Unless you own a bank, and even if you do, you can’t afford to throw your whole bankroll on a game and if you lose, just grab another. Be stingy! Allow yourself only enough to equal to what you can afford to lose over the entire season

16 Wildly Successful People Who Overcame Huge Obstacles To Get There

Carrey didn’t let this stop him from achieving his dream of becoming a comedian: He went from having his dad drive him to comedy clubs in Toronto to starring in mega-blockbusters and being known as one of the best comedic actors of an era.

Instead of succumbing to the disease, Carr decided to challenge her diagnosis head on. He always received good marks, but his head was in the clouds, conjuring up abstract questions people couldn’t understand. His response to his repeated failures? “I have not failed.

Jim Carrey used to be homeless. Today, Branson, known for developing Virgin Records and many of its more technologically advanced spinoffs, is the fourth richest person in the UK.

Franklin’s parents could only afford to keep him in school until his tenth birthday. Instead of letting the trauma immobilize her ambition, Theron channelled her energy into making a name for herself. He never spoke for the first three years of his life, and throughout elementary school, many of his teachers thought he was lazy and wouldn’t make anything of himself. His father was an unemployed musician and as the family went from “lower middle class to poor,” they eventually had to start living in a van. Talk about determination. She excelled as an honors student in high school, and won an oratory contest which secured her a full scholarship to college. Now the entrepreneur and personality has the admiration of millions and a net worth of $2.9 billion.

Simon Cowell had a failed record company.

After vacationing in Canada, Roosevelt developed polio, which eventually left him paralyzed from the waist down for the rest of his life. She attacked her cancer with a brand new nutritional lifestyle, and turned her experience into a series of successful self-help books and documentaries. Scroll through the list for some serious inspiration.

roosevelt

van gogh

Steven Spielberg was rejected from USC, twice.

Oprah Winfrey gave birth at age 14 and lost her child.

Carrey revealed to James Lipton on “Inside the Actor’s Studio” that when he was 15, he had to drop out of school to support his family. She was back on her surfboard one month later, and two years after that, she won first place in the Explorer Women’s Division of the NSSA National Championships. Gates and Allen didn’t let that stop them from trying again though. She eventually ran away from home, and at age 14 gave birth to a baby boy who shortly died after. And he’s married to Beyoncé.

kris carr

simon cowell

jayz

You’ve heard it before: “If at first you don’t succeed, try again.” Sometimes you may feel like that’s just a saying, but it is absolutely not.

Kris Carr turned her cancer into a business of hope and healing.

Although the exact number of tries has been debated, ranging from 1,000 to 10,000 attempts, it’s safe to say Edison tried and failed a whole lot before he successfully created his beacon of light. Even though he couldn’t walk, he went on to lead the country as one of the most respected and memorable presidents in history.

From Oprah Winfrey’s scarred childhood to Bill Gates’ failed business ventures, these people have been through the grinder, and came out even better than before. He came from a rough Brooklyn neighborhood and had big dreams to make it big as a rapper. Their stories stress one of the most important lessons of all: Never ever give up. Today, Karr is celebrating a decade of “thriving with cancer,” and is now revered as one of the most prominent experts on healthy living.

Bethany Hamilton had her arm bitten off by a shark.

No one can stop Jay-Z. Here’s how Allen explained how the failure helped them: “Even though Traf-O-Data wasn’t a roaring success, it was seminal in preparing us to make Microsoft’s first product a couple of years later.”

Albert Einstein didn’t speak until he was four years old. Unfortunately, the rest of the world didn’t agree with him at first. One of the most prolific filmmakers of all time, the man who brought us “Shindler’s List,” “Jaws,” “E.T.” and “Jurassic Park” couldn’t get into the film school of his choice. His label would eventually turn into the insanely lucrative Roc-A-Fella Records. Now, King’s books have sold over 350 million copies and have been made into countless major motion pictures. and was repeatedly molested by her cousin, uncle and a family friend.

thomas edison

steven spielberg

Yes, the richest person in the whole world couldn’t make any money at first. Not one record label would sign him. Gates’ first company, Traf-O-Data (a device which could read traffic tapes and process the data), failed miserably.

Thomas Edison failed 1,000 times before creating the lightbulb. His wife, Tabitha, retrieved the manuscript and urged King to finish it. She grew up in Milwaukee, Wis. I’d had smaller failures, signing bands that didn’t work, but my record company going bust, that was the first big one.” Even after such a momentous loss, Cowell picked himself up and became one of the biggest forces in reality television, serving as a judge for “Pop Idol,” “The X Factor,” “Britain’s Got Talent” and “American Idol.” Forbes has estimated his net worth at $95 million.

Stephen King’s first novel was rejected 30 times.

She is one of the most successful and richest people in the world today, but Winfrey didn’t always have it so easy. Cowell told The Daily Mail in 2012, “‘I’ve had many failures. I’ve just found 10,000 ways that won’t work.”

oprah

When Theron was 15, she witnessed her mother shoot her alcoholic father in an act of self-defense. Eventually, she launched her own wellness website, which is followed by over 40,000 people. There are 16.

Richard Branson has dyslexia.

jim carrey

Benjamin Franklin dropped out of school at age ten.

If it weren’t for King’s wife, “Carrie” may not have ever existed. After being consistently rejected by publishing houses, King gave up and threw his first book in the trash. Even though he made no money, he still painted over 900 works of art. At age 13, an almost-deadly shark attack resulted in her losing her left arm. Maybe, just sometimes, education can be a little overrated. Two years later, he became a trustee of the university.

Franklin Roosevelt became partially paralyzed at 39.

Einstein didn’t have the best childhood. Yet that didn’t stop him from creating his own music powerhouse. Oh, and he became one of America’s Founding Fathers.

bill gates

Bill Gates’ first business failed.

Charlize Theron witnessed her mother kill her father.

benjamin franklin

In 2003, Karr was a 32-year-old New Yorker just enjoying life. The 16 incredible stories below show how even horrible tragedies and setbacks can help fuel a drive for success.

richard branson

Jay-Z couldn’t get signed to any record labels.

albert einstein

Branson was a pretty bad student — he didn’t get good marks and he did poorly on standardized tests. In the end, Spielberg would get the last laugh, when USC awarded him an honorary degree in 1994.

By his late twenties, Cowell had made a million dollars and lost a million dollars.

stephen king. But then, a regular checkup at her doctor’s office resulted in a diagnosis of a rare and incurable Stage IV cancer called epithelioid hemangioendothelioma, existing in her liver and lungs. Though his persistence went unnoticed when he was alive, Van Gogh proves you don’t need external validation to be proud of the work you create.

But Winfrey’s tragic past didn’t stop her from becoming the force she is today. That didn’t stop the great man from pursuing his education. Instead of giving up, he used the power of his personality to drive him to success. She would eventually become one of the most respected and talented actresses, becoming the first South African actress to win an Academy Award.

charlize theron

Van Gogh is considered one of the greatest artists of all time, yet the poor guy only sold one painting the entire time he was alive: “The Red Vineyard at Arles (The Vigne Rouge),” which is now in the Pushkin Museum of Fine Arts in Moscow. When Gates and his partner, Paul Allen, tried to sell it, the product wouldn’t even work.

Hamilton started surfing when she was just a child. The biggest were at times when I believed my own hype.

Vincent Van Gogh only sold one painting in his lifetime.

You read that right. He taught himself through voracious reading, and eventually went on to invent the lightning rod and bifocals. In fact, many people thought he was just a dud. But he kept thinking and, well, he eventually developed the theory of relativity, which many of us still can’t wrap our heads around.

bethany hamilton

Correction: A previous version miscounted the number of people in this list. Here’s proof Jay-Z is on top: Forbes has estimated his net worth at $500 million, and TIME ranked him at one of their 2013 Most Influential People In The World

Precious panda triplets – Scrappy animals who beat the odds – Pictures

Its caption read: “I’m Kala. The dogs, Kala and Keira, were just one day away from being euthanized at a shelter when Georgia rescue group Angels Among Us Pet Rescue posted their picture online, which spread like wildfire across social media.. We’ve comforted each other while we were here. today is our deadline. She gave me hope when I had none. I’ll see her as she goes down the hallway. Now it’s over.”

The post shattered the hearts of dog lovers across the country, but the dogs have yet to find a “forever family” and are now living in a temporary foster home waiting to be adopted.

In July 2015, a heartbreaking photo of two shelter dogs hugging went viral. They’ll come for me next and I won’t be as brave. This is Keira. We’re so scared in here… If no one saves us, someone will take her away from me. We have to have someone rescue us or we’ll be “next”… She won’t come back and I’ll cry

Horse Racing | Buzzle.com

From the various types of racing to the dangers associated to this sport, know it all, here in this very post!

Famous Horse Racing Courses Around the World

Horse racing is one of the fanciest, wealthiest and most popular sports in the world. Along with the history of the horse racing industry, this article provides information…. The venue of the sport is just about as popular as its contestants are! Here is an account of the world’s most famous horse racing courses.

History of the Horse Racing Industry

If you are interested in knowing how the horse racing and breeding industry grew over the last couple of centuries, you are on the right page. Read on for more such interesting facts about the evolution of one of the most popular sporting events in the US…

Horse Racing

A fan of horse racing or not, here’s some interesting information about this sport I am sure you did not know.

Brief History of the Kentucky Derby

The Kentucky Derby had nationwide television coverage for the first time on May 3, 1952

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