The sub-prime gambling fix

May 16, 2008

I look at the stock market as a gamble. 

And a legal gambling was cleverly employed by the banks with sub-prime mortgages.  They re-packaged them and mixed them with prime and super-prime mortgages.  So you were getting a goodie bag of unknowns.  Essentially the ‘odd pakora, new pakora’ mixed in one bag.

Fast forward and now it’s world wide panic.

Nice one banks, you created the problem – repackaged it – then scammed it off to everyone else.

Council tax

March 25, 2008

Actually this should be renamed ‘legal scam’. 

Council tax sucks.  The more resources you use, the less you pay.  Ah, the bigger your house, the more you pay.  With people living with their folks till their 30s now, the poll tax would be the fairest.  That is you pay for what your use PER HEAD.

Such is the beaucracy of this idiot Government, they had it right the first time…and….now they’re changing again.

Online poker in Costa Rica

December 12, 2007

It seems that Bodog is one of the fishiest rigged online poker websites.

My own experience has been that it favours bad poker playing.

Others have reported on forums they went into a big losing streak when they withdrew funds.

Bodog to me looks like it’s run by organised crime.  It’s stationed in Costa Rica, where they make their own rules up.  Then it turned out that ‘bodog.com’ was owned by someone else….and now they’re being kicked out of Costa Rica by the government who are being pressured by the US government.

Another scam factor of the online poker, apart from being in dodgy countries with lax rules, is they can in fact juice the cards for action, greating bigger pots and in turn, bigger rakes.  Computers can’t generate random numbers either, hence anomolies.

Another poker site that has become under scrutiny is Absolute poker, after an inhouse employee gained access to the cards of all players and screwed the $1000 tournament.

So, online poker definitely seems tricky and a legal online gambling scam.

The UK National Lottery

July 12, 2007

Well, this is a scam.

Try 13.7M to 1 odds on winning the lottery.  That means you should get back £13.7M for your £1 stake.

In reality, it works out more like £4M on a good day or £1M on a bad day.  Try £2M as an average payout.

But it is the only place you can put £1 on to win £1M+….and it’s fairly unfixed.

June 14, 2007

Keno is a complete ripoff, up there with the worst gambling scams you’ll ever see.

The odds are so stacked in the houses favour, getting 11 Keno numbers for the jackpot is billions to 1.  Worse than any lottery.

I played it once in Vegas for the experience, but that was it.  I didn’t hit a single number.

Don’t play it people!


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