gambling

NBA's Marc Cuban Blogs his Plans to Launch Betting Hedge Fund

Filed in archive Betting , Gambling General on December 1, 2004

Cuban says he will launch betting hedge fundNBA's Marc Cuban Blogs his Plans to Launch Betting Hedge Fund

In a plan that goes against Pro-US sports and the US restrictions on gambling, internet-millionaire-come-NBA team owner, Marc Cuban, claims on his blog that he's planning to launch a gambling hedge fund - which he says is no different to the stock market

"I've decided to start a new hedge fund. However, this hedge fund won't invest in stocks or bonds, or any type of business. It's going to be a fund that only places bets. A gambling hedge fund.

It won't be me figuring out what bets to place, or what games to play. This is a fund. I will find the best and the brightest, with a confirmable track record and hire them.

It's an idea whose time has come"
Professional Sports in the US has long distanced itself from betting - even stopping a pro team in Vegas - which Cuban supports. However, Cuban is reknowned for criticizing NBA decisions and berating referee decisions. For this - or maybe despite this, he's still adored by the Dallas Maverick fans.

The reaction to the blog so far has been muted, although a professor of public administration at the University of Nevada, Las Vegas states about Cuban, "He is barking at the wind"

Permalink: NBA's Marc Cuban Blogs his Plans to Launch Betting Hedge Fund

Tags: gambling  hedge 

Vote for NBA's Marc Cuban Blogs his Plans to Launch Betting Hedge Fund:

  • Currently 8.00/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 8.00 out of 4 vote(s) cast.
 
Share It
RSSrss
Google google
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
TwitterFollow us on Twitter!
Most Popular   Atlantic City Action   Best of   Betting   Casinos   Did you know   Gambling and the Law   Gambling General   Gambling In Europe   Gambling Videos   Indian Casinos   Information about   Misc   Online Gambling   Poker   Racing   Slot Machine Scene   Sports Betting