Ideally, large investment banks are like bookmakers. Sportsbooks set up a fair wager that will attract bettors. They set the line to attract equal action on both sides. As the wager starts to attract bettors, the line readjusts to make sure the action is balanced. If a sportsbook still ends up having unbalanced action, it will work with other sportsbooks to [...]

Poker players recognize that the World Poker Tour (WPT) played a key role in popularizing poker. In developing its televised tour, it introduced tournaments that got so popular as to begin to challenge the preeminence of the World Series of Poker. But while poker players may think of the WPT fondly, you will find few of the [...]

Both poker and investment seem to be hanging their hats on hope this spring. Where the two worlds intersect is perhaps the epicenter of hope. Online gaming stocks have popped both on the news that PartyGaming settled with the U.S. government and the promise of Barney Frank’s new stand alone bill that would serve to [...]