College football realignment spurs stadium upgrades
September 11, 2016
Investors have no exposure to stadium revenues; rather, overall operations of the university provide security and source of repayment.
Improvements to college stadiums are typically funded by tax-exempt bond offerings by the college or university, which uses its own credit to finance the project. Wells Fargo senior analyst Randy Gerardes writes that this is a response to recent conference realignments and increased media revenues:
In addition, most universities expand, renovate or improve existing infrastructure rather than develop new facilities that can reduce costs and complexity. Lastly, perhaps the biggest difference in college stadium infrastructure financings is the inextricable tie of the sports program to the university (i.e., no relocation risk)..
For instance, Texas A&M (Aaa/AA+/AA+) pledged revenue provided 13.6x pro forma maximum annual debt service coverage [for the stadium financing]. Here is what Gerardes says about the college stadium funding model:
[C]olleges and universities have been undergoing significant athletic conference realignment to increase visibility and capture additional revenue from lucrative media contracts for the major football conferences. Another smart thing about college stadium financing is that they are renovating existing structures, rather than building new facilities:
College football stadiums are undergoing upgrades and renovations. As universities enter new conferences, competition for top recruits stiffens, inspiring additional investment in athletic facilities, particularly for football.
Gerardes says that the investment is hoped to improve the fan experience, increase university brand recognition, meet rising student demand and spur financial support from alumni and donors.
This is a strong source of repayment for college stadium bonds. This type of structure allows universities the ability to leverage their credit to develop athletic facilities. This differs from professional stadiums that generally rely on the revenues generated by games to repay bondholders
Football Betting Odds, Tips and Previews
September 11, 2016
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Pete Rose: I Bet On Reds “Every Night”
September 10, 2016
My name’s synonymous with baseball.”. “If they retired my number here, don’t you think the fans would be elated?
While much of his memorabilia has found its way into baseball’s Hall of Fame, Rose remains on the outside, looking in — ineligible for induction into Cooperstown or any activities involving the game, adds Keteyian.
“They could send a hit man after me, and I would still be out there trying to sell baseball. His total is reflected at the Reds’ Hall in a three-story high wall of baseballs — one for each hit.
© 2007 CBS Interactive Inc. The new exhibit includes more that 300 items from the career of Rose, who finished playing in 1986 with an all-time high 4,256 hits. This material may not be published, broadcast, rewritten, or redistributed. Today, he admitted his gambling addiction was daily.
Pete Rose told ESPN Wednesday that he bet on the Reds “every night” while he was manager of the team in the late 1980s.
“I bet on my team every night,” he told ESPN’s Dan Patrick. “They wouldn’t let me be on the field for the last game here (at Cinergy Field, the Reds’ previous home). “I didn’t bet on my team four nights a week. MLB did include him in two events — 1999′s All-Century Team and 2002′s 30 Memorable Moments — that were sponsored by a credit card company. I was wrong.”
“You want to check and make sure there’s no cork in that bat?” he joked.
Wednesday’s revelation of nightly wagering comes after Rose said his fans would likely be “elated” if Major League Baseball reinstated him after his 18 years of exile.
In 1989, Rose, baseball’s all-time hit leader, accepted a lifetime ban from baseball for gambling, only to spend the next 15 years heatedly denying — at every opportunity — he bet on game he played with equal passion.
Displayed at the news conference were the bat Rose used and the ball he hit when he stroked hit 4,192 to pass Ty Cobb and set the career hit record.
Because of the ban, Rose is not allowed to be involved in most on-field activities, which has prevented the Reds from retiring his uniform No. The confession wasn’t Rose’s first, reports CBS News chief investigative correspondent Armen Keteyian. That’s a lot of balls,” said Rose, who spent almost three more seasons as Cincinnati’s manager before the league banned him in 1989 for betting on baseball.
“I want to thank baseball for giving the permission to do this,” he said about the exhibit. In his autobiography, published in 2004, Rose revealed that he wagered many times a week while managing. He couldn’t say whether he thought the current exhibit represented a softening of baseball’s stance regarding his ban.
“I’m just happy having three stories of balls. The Associated Press contributed to this report.
“Everything should be for the fans,” Rose said Tuesday before a preview party celebrating Saturday’s opening of a special exhibit in his honor at the Cincinnati Reds Hall of Fame. They wouldn’t let me go to the last game in Philadelphia (at Veterans Stadium) either.”
Several Rose-related artifacts have been on display at the Reds Hall of Fame since it debuted in 2004, a year after Great American Ball Park opened. All Rights Reserved. 14
College Football: Pictures, Videos, Breaking News
September 10, 2016
Michigan is a perfect fit for him because of who he is, where he is in his life and what he loves.
Emeritus Professor of Law, Northwestern; former NU faculty government chair; scholarship & litigation in education & civil right law.. Co-founder & COO, FieldLevel, Inc.
The best answer to any question
Last Saturday was somewhat of a day of reckoning within the top ranks of college football, with four of the top six ranked schools in the country going down. 6 Texas A&M all bit the dust last week.
What this series of events does show is the chasm that sadly still exists in the experiences and therefore perspectives of most white people compared to most people of color.
The Colorado Buffaloes come into town for a Thursday night showdown to kickoff what could be a make-or-break year for a man beginning his fourth year as head coach of the Rainbow Warriors. 2 Oregon, No. Should they do so?
Being a Harbaugh has given him more intimate exposure to football than most coaches, but it’s what he’s learned in life, not the Harbaugh legacy, that sets Jay apart.
Even if you aren’t into the game, football fandom isn’t just about what happens on the field anymore. When you get in, you have the typical public perception of it being kind of quirky and not that tough, but it’s not like that at all. There are so many aspects to the football experience to enjoy — like the tailgating — that new gadgets have made it fun for everyone.
It’s sorta weird. 3 Alabama, No. Here are the five big questions to keep in mind heading into the 2015 UH Football season.
Entrepreneur, Educator, Writer and Technologist – “Rabbi Without Borders”
John S. Elson,
Political science professor, LaGrange College in Georgia
In the end, running up the score with your star players still in the game, in the final seconds of a game that was not longer being contested didn’t even register to Urban Meyer. 4 Oklahoma, and No. Tures
Editor, Truthdig.com; Author, ‘They Know Everything About You’
Rabbi Jason Miller
Without governance reforms that will put the players’ education and safety ahead of the coaches’ and schools’ money-making priorities, the academically elite Division I colleges’ claim to a higher ground is pure hypocrisy.
Attorney; Assistant Professor, UNH; Poet; Editor, Best American Experimental Writing
It was the waning moments of a damp September fourth quarter, and football, as it often does, had brought out the ugly side of one of its fans. This may not be technically wrong, but it’s lame.
At all levels of collegiate play, there are five things that all high school prospects should do to improve their chances of getting recruited for a football scholarship
There will always be those who ignore the wisdom of others, but if more athletes realize the impact of what a 40+ year retirement will look like, they might perk up their ears just a little more.
John A. No. Let me preface the conversation about college cheerleading with a quick aside about cheerleading in high school.
While secondary market tickets for the College Football Championship Game are the most expensive for any college game this season, it’s on pace to be the least expensive national championship game by a wide margin.
Christian leader for social change; President and Founder @Sojourners
On November 26th, the nation’s highest-profile pollster — Nate Silver of the New York Times — gave ten teams a better chance of making the inaugural College Football Playoff than the University of Wisconsin.
From a distance, it appears that Jim Harbaugh is a great coach because he is a great father, husband, son and brother, and being a great football coach just naturally follows. In this case, the red-faced rooter was a 30-something dad.
In this week’s Scheer Intelligence podcast on KCRW, Robert Scheer speaks with former USC football player Anthony Davis about living with the brain injuries Davis sustained during his celebrated career.
A number of schools are considering firing their longtime successful coaches, in the hopes of getting a more successful one
New gambling record: Betting on outcome of Brexit vote
September 10, 2016
The referendum also outmatches the 35 million pounds placed on the 2014 World Cup Final.
“This is a historical event, and I want to take part in it,” said Can Zhao, an investment researcher who last week placed a 135-pound ($198) bet on “remain” at a Ladbrokes betting parlor near London’s Kings Cross train station.
The betting has also gained the attention of global investors as a gauge of the likelihood of an event’s outcome. But the importance, drama and uncertainty that have surrounded this vote have made it a spectator sport in its own right. That surpasses the 40 million pounds placed on the 2012 U.S. It has become increasingly popular, particularly to bet on financial markets.
E.U. “But my big win is to leave the E.U.”
Betfair, bookmakers Ladbrokes and Paddy Power and the Betting Research Unit at Nottingham Business School all estimate that the total value of bets on the vote placed in Britain will reach, and likely exceed, 100 million pounds.
Such betting fever is normally associated with major sports events, with people here habitually placing wagers online or in betting shops on everything from horse races to football matches. vote as of Wednesday and expects a final amount of 50 million pounds.
Betfair allows people to place wagers against each other rather than setting odds like the traditional bookmakers. This material may not be published, broadcast, rewritten, or redistributed. referendum betting already hit a record for a political event days ago for Betfair, bookmaker BetFred and IG, the largest provider of spread betting services.
“If we are going to remain in the E.U., at least I will take compensation,” said Jones, who expects to get 3,000 pounds back in profit in such an event. Polls suggest it is too close to call, while bookies give the “remain” side a higher chance of winning.
The bookies’ odds have largely been in synch with global financial markets. He intends to vote to leave the E.U., but has placed bets on “remain” to at least get something in case of his side’s defeat.
© 2016 The Associated Press. For Stephen Jones, 55, betting is a form of insurance against disappointment. He was back in the betting shop this week to place additional wagers on behalf of three American friends.
LONDON — As if the stakes were not high enough in Britain’s nail-biting vote this week, people are betting record amounts of money on its outcome.
“This is comfortably the biggest political betting event in history and dwarves both the general election and the Scottish referendum,” says Lewis Davey, spokesman for Paddy Power, referring to the Scottish vote on independence last year.. Spread betting, on the other hand, does not provide a simple win or lose outcome, but can provide payoffs based on the accuracy of the bet. presidential race, which was its previous record for a political event. That’s reflected in financial markets, where stocks and the British pound are relatively buoyant one day before the big event.
Betting exchange Betfair says it had taken 45.8 million pounds in wagers on the E.U. The industry is expecting 100 million pounds, or nearly $150 million, to be wagered by the time the result is known in the early hours of Friday.
Betting is his way to get in on the drama because as a foreign citizen from China he will not have a right to vote. While the polls show this week’s vote is too close to call, bookies like Betfair are giving the “remain” side a 76 percent probability of winning. Ladbrokes has seen a tenfold increase in recent years.
Thursday’s vote on whether to leave the European Union, which will have lasting consequences for the country and Europe, is due to break the record as the most bet-upon political event in Britain’s history. That’s particularly true since pollsters have missed badly in measuring sentiment before some of Britain’s most recent votes, the last general election and the Scottish referendum.
Betting on political events used to be a niche area in the gambling industry but has become more widespread, particularly in Britain. All Rights Reserved
Sports :: How to Win at Betting: Sports Gambling Winning Percentage, What You Need to Know
September 9, 2016
In the question above, it would be much better to be a 55-percent handicapper if you were playing 150 games a month, as opposed to a 60-percent handicapper playing one game a day. Making it more difficult for sports bettors is that some sports services will claim to have won 200 units in a particular sport, but don’t mention that they release 10- or 20-unit plays, along with several 100-unit “locks” at the end of the year if things aren’t going so well and they need something to base next year’s advertising on.
The 55-percent handicapper is using what is commonly referred to as the Wal-Mart Approach, which is to have a lot of volume with the expectation of grinding out a small profit. And as is the case with the Arkansas-based giant, many times this will be more profitable than being extremely selective and doing a small amount of volume, even if the mark-up is higher.
For the bettors that do their own handicapping, however, units won is really the only thing you should be concerned with, as that ultimately is going to translate into the bottom line. A winning percentage of 55-percent sure doesn’t sound as sexy as a 60-percent handicapper, but if your volume of plays is high enough, it can certainly be much more profitable.
With baseball season coming back in about 4 months, many sports gamblers will be seeing ads from different sports services claiming winning percentages of 65-percent for baseball, and that’s entirely possibly, but what the services aren’t saying is that the majority of their selections were favorites of -200 or more, turning that 65-percent handicapping into a losing proposition.
The only statistic that sports bettors should be concerned with is units won, which is the amount of profit, or loss, they have over time, and not worry nearly as much about winning percentage. At the end of the month, the 55-percent handicapper would have gone 83-67 for a gain of 9.3 units, while the 60-percent handicapper would have gone 18-12 for a profit of 4.8 units, so the 55-percent handicapper has made nearly twice as much.
If somebody were to ask you if you would rather be a 60-percent handicapper or a 55-percent handicapper, which would you choose? The obvious answer is that it’s better to be a 60-percent handicapper, but that isn’t necessarily true.
Best College Football Players of All Time
September 9, 2016
Grange had 2,071 rushing yards and over 900 yards from punt and kick off returns. He was a corner back and knocked downed lots of football passes and made lots of interceptions as well.
8. He won the Maxwell Award and he played lots of positions which is amazing. He passed the football for a very high 77 touchdowns and his yards for his four year career were outstanding with 9,349 passing yards. He helped Michigan go undefeated and win the National Championship He was a true defensive talent that helped him get 18 interceptions, 395 yards receiving and even two rushing scores. He has played all over the field including running back, punt returner and even quarterback. Doak Walker (Southern Methodist University): In 1948, as a Junior he won the Heisman trophy and was a three time All America which is outstanding. Walker was a legend in his own time, he was another great and entertaining player. Red passed for 575 yards and tossed three touch downs.
3. He also had 49 rushing touchdowns. When he touched the ball you knew great things were going to happen.
6. He could do amazing thing when he touched a football.
4. In the 80s John Elway was a household name. He won the Holiday Bowl and had nice stats including: 3,556 rushing yards, 47 TD’s and over 1,400 yards from punt and kick returns. Barry Sanders went on to play for the Detroit Lions as a running back and although he never won a Superbowl, he is widely considered one of the top running backs in Detroit Lions history.
1. He won the Heisman trophy in 1982 and he helped to defeat Notre Dame to win the Sugar Bowl. That is to say he played offense and defense. He led his team to National Championships in 2006 and 2008. Bo Jackson (Auburn): Bo Jackson won the Heisman trophy in 1985 and he was the consensus All American in 1983 and again in 1985. He played wide receiver and quarterback on occasion. You must have respect because Bo knows multiple sport success. He could run, jump, slide and score like no other quarterback could.
5. Walker had over 2,000 rushing and receiving total yards, 14 passing touchdowns and over 1,600 total pass yards.
10. Tim Tebow was one of my favorite college players to watch play. I really enjoyed watching Woodson go on to play for the Oakland Raiders. In 1923, he won, The Helms Athletic Foundation Championship. He rushed for 5, 259 yards in his three year NCAA playing days. Tim Tebow (Florida): The Florida Gators star quarterback has amazing statistics. Charles Woodson (Michigan): In 1997 Woodson won the Heisman trophy playing Iron man for the Wolverines. Jim Thorpe (Carlisle Indian): In 1911 and 1912 he was an All American and he led his team to a National Championship in 1912. Barry Sanders (Oklahoma State): He easily won the Heisman trophy in 1986 while rushing for 2,628 yards. Thorpe had over three thousand yards on the ground, 330 passing yards and over 700 yards in kick off and punt returns.. He is the only Two time Heisman trophy recipient and had some nice stats including 25 rushing scores and over five thousand career rushing yards.
Please feel free to leave comments in the comments box at the bottom of this page because I love reading others’ opinions. Archie Griffin (Ohio State): Griffin had a banner Junior year rushing for 1,695 yards and scored a total of 12 touch downs in 1974. Also, tell me who you think the number 1 player in college football history is.
9. Jackson had 43 rushing touchdowns and 4,303 total rushing yards in his four year college stint. Herschel Walker (Georgia): Walker had statistics that can not be denied when he was the half back for the Georgia Bulldogs. Bo Jackson was fortunate to be a part of the winning Auburn Tigers for the Sugar Bowl and the Liberty Bowl and was the MVP of both football contests. Red Grange (Illinois): Grange won All American honors three years in a row. Look at these numbers. He was a half back, defensive back, kicker and punter. 88 passing touchdowns, 57 rushing touchdowns and 9, 285 passing yards to go along with 2,947 rushing yards. He was a corner back, kick returner and a wide receiver. What a player he was nominated three times for the Heisman winning it once in 2007. Bo knows best.
2. John Elway (Stanford): He was an All American in 1982, and finished second in the running for The Heisman Trophy voting that same year
Don’t Be a Square: 10 Tips for Betting on Football
September 9, 2016
“Thus, the bookies love and cherish the squares.” . Also, being “in action” can make a dull late-afternoon game (Buffalo vs.
“A square or recreational player might have a vague plan, but after two Corona’s he will definitely run to the window and make a hasty decision on the USC-Notre Dame game because he wants to be involved in the party atmosphere,” Vaccaro says. He is not taken in by being involved in USC-Notre Dame just because it is the biggest watched game of the day. “In trying to bamboozle potential customers, many services make claims about having scouts all over the country that give them inside information and promise 70 or even 80 percent winners, as if the bookmakers were the biggest suckers in the world. “Common wisdom says that over the course of a long football season the average man or woman will pick approximately 50 percent winners.
Even Hollywood is not immune – think Two for the Money with Al Pacino and Matthew McConaughey.
“The standard bet requires gamblers to lay $11 for every $10 they want to win with the extra $1 or 10 percent known as the juice,” Konik says. The NFL, for example, will have very similar numbers at most of the betting shops you visit.
6. “He is not jaded by teams and does not bet with his heart. Slim underdogs regularly win outright.
But even though the math says it’s virtually impossible to win on a consistent basis, Americans continue to bet on football.
So, how much should you bet a game?
And where does all that money go?
Moseman agrees and especially likes home underdogs. The only touts bettors should consider are the ones who talk about the long haul and realistic winning percentages, which are in the upper 50 percent to lower 60 percent range.”
3. Big underdogs often find ways to cover the spread and they rarely give up toward the end of a game in front of the home crowd.”
Michael Konik, a sports writer and best-selling author of The Smart Money (Simon & Schuster 2006), explains why it is so hard for the recreational gambler to win at betting on football.
And remember, in the immortal words of “Fast” Eddie Felson, “Money won is twice as sweet as money earned.”
Certainly not back into the pockets of the average bettor.
However, Konik adds that there are some bettors who actually know how to beat the bookies. Avoid Chasing Bets – “Don’t do it! There is no worse way to mismanage your bankroll than to chase your bets after a losing day,” cautions Moseman on the dangerous practice of trying to immediately win back your losses. Oakland comes to mind) seem like the Super Bowl. Money Management – “This is without a doubt the most important aspect of betting on sports and possibly the most neglected,” says Morey “Doc” Moseman, a professional gambler and sports consultant with DocSports.com for nearly 40 years. So underdogs tend to be slightly undervalued – except by the sharps.”
Also, it’s probably a good idea to disregard advice from the myriad of ex-players and football experts you see on television each week. Focus on Conferences – “The best way to win money betting football is to develop a niche and follow it closely,” Moseman advises. “In the NFL, a game will often be totally turned around by one or two plays, or even a single penalty. “The key to proper money management is to be sure not to bet more than you can afford to lose.”
“A sharp or smart has a plan of what he wants to do,” says Vaccaro, the director of sports operations and public relations at Lucky’s Race and Sports Book in Las Vegas. To be a successful sports bettor you need to operate with a clear mind.”
“The talking heads on TV know nothing about sports betting,” says Sevransky. “When you’re in a good rhythm and winning, you want to increase your bets. “If you listen to their advice, you are sure to lose. But, when you’re struggling, that’s when you want to reduce your bet size until you get out of your slump. There is a wealth of information on the Internet; it is just up to you to find it and research it daily.”
5. If you like an underdog, it is best to get your bet in as late as possible, where there is heavy action from squares on favorites. “Teams play inspired ball at home. They use powerful computers that can process millions of bits of data and produce a more accurate point-spread line than the bookmakers.”
Although exact figures are impossible to calculate, according to Jimmy Vaccaro, widely considered to be Las Vegas’ most influential bookmaker, Americans probably wager more than $50 billion a year on NFL and college football combined. “If you become an expert on a smaller conference like the WAC, you have a good chance to beat the house because sports book operators do not have the time or resources to follow this conference the way you can.
1. If North Texas is his best bet on a Saturday then that is his bet. Research Football Services – “Most sports services realize that most people who sign up with them are insecure,” Gordon warns.
“A square is the average, unsophisticated gambler whose decision making is based on hunches, media manipulation, or spurious systems that cannot overcome the bookmaker’s inherent mathematical advantage,” Konik explains.
“The biggest mistake that amateur bettors make is they increase their bets when they are losing,” Sevransky says. Giving 11 to 10 odds is almost always the cheapest price you can give.”
While these tips don’t guarantee you’re going to win, hopefully they can make you a little less square and a little more sharp in your picks this season.
Ted Sevransky, a well-known Las Vegas gambler and sports consultant with Sportsmemo.com, agrees.
“There is probably no better bet in sports than playing an underdog at home,” Moseman says. Otherwise, you’re better off doing your own research.”
9. On college you will be able to find different lines at different sports books. “There will be more discrepancy in the numbers at different sports books. He loses year after year, according to Dan Gordon, a top football handicapper and author of How to Beat the Sports Books (Cardoza Publishing 2005). Not all games work according to this formula, but it is usually a good rule of thumb.”
So, is it possible for the average square to become a little sharper in making football bets this season? According to professionals like Vacarro, Konik and Gordon, amateur bettors have the best chance to win if they demonstrate a little patience and follow the 10 basic tips below. “Most people prefer to bet on the ‘better’ team, the one that will probably win the game. “For example, if you have a $1,000 bankroll for the season, you should generally bet no more than $50 a game.”
8. Drinking and Gambling Don’t Mix – “There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling,” Moseman says. Shop For Numbers – “Another important aspect of betting on football is shopping for the best number,” Moseman explains. “Squares usually bet later in the week and they tend to pick the favorites. Bet at the Right Time – “The sharp bettors tend to bet underdogs, and they tend to bet them early,” Moseman says. The payout is just the same as far as he is concerned. If you want advice about sports betting, find someone who has a successful track record. Locks Don’t Exist – “Anyone who has watched sports for about a month realizes that the difference between winning and losing, especially against the spread, can be infinitesimally small,” Gordon says. The only locks that exist are those that need keys to open them.”
So, how much are we gambling each football season?
“The bookies fear and despise a tiny coterie of professional bettors known as ‘the sharps,’” Konik says. And why not? We have unconditional love for the sport and betting $50 or $100 on a game adds an extra rush of adrenaline. If you are going to go with a favorite, it is best to place your bet early in the week when the sharps are laying heavy money on the points. In fact, sports bettors must pick 52.4 percent winners just to break even.”
Newspapers and popular sports sites routinely publish the lines or point spreads for games, and football insiders offer their picks to viewers each week on ESPN and other cable networks. These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.”
Another difference between squares and sharps is how they approach betting on game day.
Betting on football games; whether it’s through a local bookie, an offshore Internet site or a Nevada casino (still the only legal place in America to make football bets), most of us have done it or know of someone who has. “The sharps are usually members of a betting syndicate privy to the most up-to-date information on injuries, weather, game plans, and, most important, the real power of the teams involved.
But that doesn’t mean you have to bet like a “square” and throw away your hard-earned money.
“In an average season, fewer than one bettor in twelve turns a profit,” Gordon says. Avoid Exotic Bets – “For very skilled handicappers, with a proven track record, there can, at least in theory, be value in betting parlays,” says Gordon on the type of bet that combines two or more individual wagers. Consider Underdogs – “In the long-run, it’s easier to win betting on the underdog,” Konik says.
2. “Over the course of several seasons, the percentage of bettors who turn a profit is minuscule.”
“Most people with an understanding of football gambling bet between 3 percent and 5 percent of their bankroll, increasing when they win and reducing when they lose,” Vaccaro says. “As for me, the best bet in football is betting the point spread or over/under totals on individual games. There are almost an infinite number of scenarios that can happen in a single football game. “Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn’t otherwise make.
10. Chasing losses is the fastest way to the poor house.”
7. Thanks to the juice, the only one who profits in this scenario is the bookmaker
Entries in long-hidden notebook show Pete Rose bet on baseball as player
September 8, 2016
He placed his financial interest ahead of the Reds, period.”
Bertolini offered his take on the raid during his sentencing hearing in U.S. This closes the door,” said John Dowd, the former federal prosecutor who led MLB’s investigation.
If the accusation was true, it would constitute mail fraud, but the agents had no probable cause to search Bertolini’s house.
But Rose’s supporters have based part of their case for his reinstatement on his claim that he never bet while he was a player or against his team, saying that sins he committed as a manager shouldn’t diminish what he did as a player.
But new documents obtained by Outside the Lines indicate Rose bet extensively on baseball — and on the Cincinnati Reds – as he racked up the last hits of a record-smashing career in 1986. It looked to them as if Bertolini had been signing memorabilia with the forged names of some of the most famous baseball players in history: Willie Mays, Hank Aaron, Duke Snider, Mike Schmidt and Pete Rose. And, of course, [Rose] betting while he was a player.”
o Rose bet heavily on college and professional basketball, losing $15,400 on one day in March. And that is a very powerful problem,” Dowd said. District Court in Brooklyn six years later (he served 14 months for tax fraud and a concurrent assault sentence):
Bats, balls, books and papers were scattered all over. On Monday morning, MLB officials declined to comment about the notebook.
“I got a call at the place where I was working at the time from my brother, and he says, ‘You should come home.’ He said, ‘There’s a bunch of government people here, and they’re here for you.’ At the time, I think it was Mary Flynn of the postal inspector’s office who got on the phone and said, ‘We’re here,’ and she told me why and so forth. So Barney and Flynn, posing as a couple looking for a home, called a real estate agent and were given a guided tour of Bertolini’s house. After Bertolini pleaded guilty and received a federal prison sentence, Sports Illustrated, The New York Times, ESPN and other news organizations filed freedom of information requests with the U.S. Their authenticity has been verified by two people who took part in the raid, which was part of a mail fraud investigation and unrelated to gambling. Dowd’s investigation had established that Rose was hundreds of thousands of dollars in debt at the time he was banished from the game.
Flynn, who said her first reaction was “Holy mackerel,” said they asked Bertolini about the notebook.
“The implications for baseball are terrible. It’s another device by Pete to try to excuse what he did,” Dowd said. “He’s a liar.”
Yes, he admitted in 2004, after almost 15 years of denials, he had placed bets on baseball, but he insisted it was only as a manager.
“The rule says, if you bet, it doesn’t say for or against. To be sure, I’m eager to sit down with [MLB commissioner Rob] Manfred to address my entire history — the good and the bad — and my long personal journey since baseball. It’s impossible to count the exact number of times he bet on baseball games because not every day’s entries are legible.
“It was a mere ‘failure to render [services]‘ complaint,” said Barney, who is now retired. The man’s name was Michael Bertolini, and the business he ran out of his home was called Hit King Marketing Inc.
To Dowd, one of the most compelling elements of the newly uncovered evidence is that it supports the charge that Rose was betting with mob-connected bookies through Bertolini. Dowd and his team had sworn testimony from bookie Ron Peters that Rose bet on the Reds from 1984 through 1986, but not written documentation. In March of this year, he applied to Manfred for reinstatement. We tried to get them. Postal Inspection Service in October 1989, nearly two months after Rose was declared permanently ineligible by Major League Baseball. He refused to give them to us,” Dowd said. “I was taken aback.”
Rose, through his lawyer, Raymond Genco, issued a statement: “Since we submitted the application earlier this year, we committed to MLB that we would not comment on specific matters relating to reinstatement. But Dowd never had the kind of documents that could cement that part of his case, especially in the eyes of fans who wanted to see Rose returned to Major League Baseball.
It was immediately clear that the many notations of “PETE” in the pages represented Pete Rose.
“I wish I had been able to use it [the book] all those years he was denying he bet on baseball,” said Flynn, the former postal inspector. Therefore at this point, it’s not appropriate to comment on any specifics.” Bertolini’s lawyer, Nicholas De Feis, said his client is “not interested in speaking to anyone about these issues.”
In April, Outside the Lines examined the Bertolini memorabilia kept in the National Archives’ New York office, but the betting book — held apart from everything else — was off-limits. “We didn’t know anything about Bertolini or his connection [to Rose].”
“He wasn’t forthcoming with much information,” she said, “but he did acknowledge to me it was records of bets he made for Pete Rose.”
o Most bets, regardless of sport, were about $2,000. Attorney’s Office seeking access to the book. Under MLB Rule 21, “Any player, umpire, or club or league official or employee, who shall bet any sum whatsoever upon any baseball game in connection with which the bettor has a duty to perform shall be declared permanently ineligible.”
“This does it. That meeting likely will come sometime after the All-Star break. The postal inspector’s office in Brooklyn, New York, had received a complaint that a man in Staten Island had failed to return goods to paying customers that he was supposed to have autographed. Both agents, former supervisor Craig Barney and former inspector Mary Flynn, said the records were indeed copies of the notebook they seized.
The documents are copies of pages from a notebook seized from the home of former Rose associate Michael Bertolini during a raid by the U.S. The documents go beyond the evidence presented in the 1989 Dowd report that led to Rose’s banishment and provide the first written record that Rose bet while he was still on the field.
Although the 1989 raid on Bertolini’s house received immediate news coverage, nothing about a betting book became public for five years. Attorney’s Office internal memorandum from 2000 that requested the spiral notebook’s transfer said Bertolini’s closed file has “sufficient historical or other value to warrant its continued preservation by the United States Government.” The memorandum listed among its attachments a copy of the notebook, but a copy of the memorandum provided by the National Archives had no attachments and had a section redacted.
When the case began, it didn’t look particularly enticing, Barney said. The U.S. Dowd also had testimony and a recorded phone conversation between Bertolini and another Rose associate, Paul Janszen, that established that Bertolini had placed bets for Rose. All were denied on the grounds that the notebook had been introduced as a grand jury exhibit and contained information “concerning third parties who were not of investigative interest.”
Barney sent an agent to drive by the address. One Executive Tools Spiral Notebook.” Two small boxes of other items confiscated in the postal raid on Bertolini’s house went too, including autographed baseballs and baseball cards.
The two inspectors spotted an item that a complainant said had not been returned. [The mob] had a mortgage on Pete while he was a player and manager.”
“Bertolini nails down the connection to organized crime on Long Island and New York.
In April, Rose repeated his denial, this time on Michael Kay’s ESPN New York 98.7 FM radio show, that he bet on baseball while he was a player. There was stuff everywhere,” Barney said.
“We knew that [Bertolini] recorded the bets, and that he bet himself, but we never had his records.
Outside the Lines tracked down two of the postal inspectors who conducted the raid on Bertolini’s home in 1989 and asked them to review the documents. There was a for sale sign out front, the agent told him. The largest single bet was $5,500 on the Boston Celtics, a bet he lost.
o But on 21 of the days it’s clear he bet on baseball, he gambled on the Reds, including on games in which he played.
Dowd said he wished he’d had the Bertolini notebook in 1989, but he didn’t need it to justify Rose’s banishment. “[Ohio bookie] Ron Peters is a golf pro, so he’s got other occupations. “It reeked of fraud,” Barney said.
For 26 years, Pete Rose has kept to one story: He never bet on baseball while he was a player.
The documents obtained by Outside the Lines, which reflect betting records from March through July 1986, show no evidence that Rose, who was a player-manager in 1986, bet against his team. But the boys in New York are about breaking arms and knees.
Freelance researcher Liam Quinn contributed to this report. “It was such a mess. “This is the final piece of the puzzle on a New York betting operation with organized crime. “Never bet as a player: That’s a fact,” he said.
The timing for Rose, who played in 72 games in 1986, isn’t great. Dowd recently met with MLB CIO and executive vice president of administration John McHale Jr., who is leading Manfred’s review of Rose’s reinstatement request, to walk McHale through his investigation. They took any records I had whatsoever, and they took different personal belongings and memorabilia from my home.”
On Oct. “But when he bet, he was gone. I need to maintain that. But one item stood out: In a box of papers in the basement, Barney said, was a spiral notebook filled with handwritten entries.
o In the time covered in the notebook, from March through July, Rose bet on at least one MLB team on 30 different days. That came during his worst week of the four-month span, when he lost $25,500.
“There were numbers and dates and — it was a book for sports betting,” Barney said. That gave them probable cause to seek a search warrant.
. They provide a vivid snapshot of how extensive Rose’s betting life was in 1986:
Last year, Outside the Lines again applied unsuccessfully for access to the notebook but learned it had been transferred to the National Archives under a civil action titled “United States v. For 26 years, the notebook has remained under court-ordered seal and is currently stored in the National Archives’ New York office, where officials have declined requests to release it publicly.
Dowd, who reviewed the documents at Outside the Lines’ request, said his investigators had tried but failed to obtain Bertolini’s records, believing they would be the final piece in their case that Rose was betting with mob-connected bookmakers in New York. 13, a few days after the undercover house tour and after obtaining a search warrant, they searched Bertolini’s home and found evidence that would lead to numerous convictions
Addiction & Relationships Articles | HubPages Gender and Relationships
September 7, 2016
Sometimes you can only save yourself.
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