Ultimate pro football betting guide

Importantly, the huge emergence of running back David Johnson is the catalyst to take the pressure off the deep passing game. Note the Cardinals struggled in both their red zone offense and defense last season, as this team is far too talented for those trends not to turn around.

If I like the Falcons to go to the playoffs (and especially to make a Super Bowl run), then I must love the over 7 at -130. Importantly, the key injured cogs from last year are back. The better play now is Cincinnati at 20-1, as the Bengals have one of the best all-around teams with a balanced offense and a solid bend-but-don’t-break defense. Note that with the top AFC teams expected down compared to the Cardinals, Packers, Panthers and Seahawks, the key is to bet the Ravens to win their conference.

Tuley

The Giants’ over/under was at 8 with added juice most of the summer, and it was a pass for me. In addition, they were minus-15 in turnovers and nine of their 11 losses were within eight points as seemingly nothing went right. Before last season, Harbaugh owned a 72-38 regular-season NFL record as head coach, plus 10-5 in the postseason. After Philadelphia traded away Sam Bradford, this number has been raised to 8.5, and I believe that’s an over-adjustment — so I now like the under 8.5 (and ESPN’s Football Power Index and our Money Line Estimate agree as they’re still right around 8 wins). However, it’s easy to flush last season down the drain and move forward with this rock-solid organization.

New Orleans Saints under 7 (-140)

New York Jets over 8 ( 150)

Minnesota Vikings (20-1)

Note: I still like the Houston Texans over 8.5 (-120), but not as much as I did when I got over 8 over the summer (though it still takes 9 wins to cash), so that’s why it didn’t make my list of top “over” bets. Of course, there are two big obstacles for the Bengals: First, they really need to hold off the Pittsburgh Steelers in the AFC North and secure a first-round bye. 4 defense with Fitzpatrick leading an already-balanced offense that adds running back Matt Forte. A potential Super Bowl game was promising last season before their collapse in Carolina to end the year after an impeccable 13-3 regular season. In addition, their top draft choice, Shaq Lawson, might be back from injury in November and second-rounder Reggie Ragland is already done for the season. Importantly, the Cardinals can move forward from last year. Look for the Ravens to return to their physical ways with a chance to match any AFC contender. Obviously we can’t have the Chiefs going on another 10-game winning streak, but that was a bit of a fluke, and no one’s going to be looking past them this year.

Rynning

Vital when handicapping over/under season wins is the schedule, and the Packers’ slate is relatively smooth sailing. Peyton Manning is gone, of course, but if Trevor Siemian can run the offense — which relied more on the running game last year anyway — the defense can carry this team far.

Erin Rynning

The season is finally upon us. They eventually placed 20 players on injured reserve, including eight projected starters — Suggs, Joe Flacco, Justin Forsett and Steve Smith included. Note that this offense actually led the league last year in three-and-outs at 28 percent.

Dallas Cowboys (25-1)

After the schedules came out in April, I made the Saints’ under 6.5 ( 115) one of my best bets, so I like under 7 even better, though the juice is heavy at -140. 6 overall draft choice, left tackle Ronnie Stanley. The FPI at 9.3 and MLE at 9.4 slightly agree, though it is a little concerning that they’re only clear underdogs in just four games (how they fare in the four pick ‘em games will tell the tale). And while defenses can still win championships, like we saw last year with Denver, it’s not a necessity in today’s NFL.

Denver Broncos (25-1)

Dave Tuley

It’s not often you get 25-1 on the defending champions. Yes, this is a tall win projection, but the Packers are a heavy hitter and the schedule is as soft as a pillow.

After Super Bowl 50, I made the Falcons my best value bet for Super Bowl LI at 40-1. They jumped to 6-0 record before their bye week, outscoring the opposition 164-101. Nelson is back this season, while the signing of Jared Cook gives Rodgers another weapon.

Over

New York Giants Chicago Bears New Orleans Saints Arizona Cardinals Pittsburgh Steelers Jacksonville Jaguars

Under

Again, we don’t need the Bengals to erase their playoff demons to cash this bet. They don’t need to win them all to get over the total and, even if they don’t win them all, I give them a decent shot to win some of the rare games where they’ll be underdogs or pick ‘em.

New York Giants under 8.5 (-120)

Arizona’s brilliant head coach Bruce Arians continues to preach it’s all about getting that ring on your finger, and his team is as well-rounded as any to deliver the title this season. And finally, their road schedule is void of high-caliber competition in Jacksonville, Atlanta, Tennessee, Washington, Philadelphia and their division rivals. They added defensive leader Eric Weddle to their defensive backfield, and were able to add the No. So, I actually think now that the value is on the over 8, especially at the current 150 price.

Atlanta Falcons (80-1)

Yes, there’s a trend here with finding value on teams with QB issues. In proper Ryan-like fashion, the Bills also led the NFL in penalties last year. They’ll most likely catch the Cowboys without Tony Romo. Secondly, and ultimately the biggest hurdle, is they have to win three playoff games in a row (four if they don’t get a first-round bye), and head coach Marvin Lewis is 0-7 in the playoffs and 0-4 with Andy Dalton as the starting QB. The Bears and Lions continue to erode, while the Vikings obviously lose some luster with the loss of quarterback Teddy Bridgewater. But the talent is there to take a flier.

Other potential future-book plays

You have to believe that Sam Bradford puts them back on track, and you have to not worry about not pulling the trigger when you could have had 30-1 when Shaun Hill was expected to be the starter.

The Bills did thrive on the offensive side last season, as offensive coordinator Greg Roman did an incredible job with quarterback Tyrod Taylor & Co. Best future bets, season win total bets, teams to bet on and against — it’s all here in Chalk’s 2016 pro football betting guide. They just need to keep doing what they’re doing in the regular season, and I don’t see too much of a falloff from the team that finished 12-4 a year ago. Their offensive line, receivers and quarterback certainly rank in the upper echelon of the NFL. with trips to Baltimore, New England, Los Angeles, Miami, Seattle and Cincinnati, while garnering the Jets, Arizona and New England at home. However, we’ve clearly seen the high end of this Packers team over the previous two seasons as an offensive machine and a capable defense. The Jets were 10-6 last year and had the No. However, this team peaked early, and eventually the preseason loss of wide receiver Jordy Nelson reared its ugly head along with subpar offensive line play. I don’t believe the Jets can catch the Patriots, but for this bet they just need to finish over .500 again.

Offensively, the Cardinals continue to be sound at all levels. Head coach Dan Quinn, who built the Seattle Seahawks’ defense before taking this job, obviously still has a lot of work to do with the defense, but that’s why we’re getting such a great price. The schedule is tough and front-weighted.

AFC betting previews | NFC | Super Bowl bets

Atlanta Falcons over 7 (-130)

I had a lean on the Jets under 8 back in April, but that was when Ryan Fitzpatrick was holding out, and I expected the number to go higher if he signed. The loss of Tyrann Mathieu was devastating for this group late last season, as he works himself to 100 percent by this season’s end.

Cincinnati Bengals over 9.5 (EVEN)

Baltimore Ravens (15-1 to win AFC)

Buffalo Bills under 8 (-150)

Opening week last year, the Ravens lost defensive force and team leader? Terrell Suggs — and quite simply, it was all downhill from there. Basically, it comes down to believing we’re much more likely to see 6 wins (and a winning ticket) as opposed to 8.

Under the leadership of John Harbaugh and Ozzie Newsome, the Ravens have been a threat every season to reach the Super Bowl. ESPN’s Football Power Index has this total pushing with exactly 7 wins, but I like that the Saints are only projected to be favored in six games at CG Technology, plus the Money Line Estimate only adds up to 6.4 wins. The W/L/T that we used in our betting previews for each team and used CG Technology’s Week 1-16 lines to see how many times a team is expected to be favored has the Giants favored in only 8 games, so they would almost have to win all of those (plus any upsets) to get over 8.5.

Arizona Cardinals (8-1)

If only the Las Vegas oddsmakers would buy into the promises of Bills coach Rex Ryan. Forever the extreme eternal optimist, Ryan’s Bills generally failed to deliver last season, especially on the defensive side of the football. We saw how they looked in their 5-0 start last season, when Matt Ryan and Julio Jones looked unstoppable and Devonta Freeman emerged as a scoring machine — and they were the only team to beat Carolina in the regular season. I still like them, but the “value” part isn’t quite there anymore at 14-1. ESPN Chalk’s NFL Vegas experts, Dave Tuley and Erin Rynning, combine to bring you the ultimate betting guide for 2016. Besides, the encouraging number is the 12 games that the Bengals are expected to be favored in this year. Yes, the schedule lightens up after that, but Ryan might have one foot out the door.

Tuley: Teams I love (to bet on) Tuley: Teams I love (to fade) Tuley’s totals: Best over/under teams

Kansas City Chiefs under 9.5 ( 120)

Led by Aaron Rodgers, the Packers loomed especially large the first six weeks of last season. The Cardinals are poised and motivated for the NFL title.

Cincinnati Bengals (20-1)

The question lingers as to whether Rex and his brother Rob Ryan turn this defense around. The first 10 games will test the mettle of Ryan & Co. Ryan is known for his defensive prowess, but the Bills dropped from fourth in yards allowed in 2014 to 19th in 2015. Unfortunately, they’ve lost the services of difference-maker Marcell Dareus for the first four games. If you don’t mind giving up the insurance of a push on 7, there are some books that have over 7.5 at plus-money, and even if they don’t live up to my lofty expectations, I don’t think they’ll be worse than a .500 team and get at least the 8 wins needed to cash this bet.

I originally had a lean on the Chiefs under 9 back in the spring, so I really like it now that it has been bet up to 9.5 (and 120 to boot!). Tony Romo got hurt again and the Cowboys’ odds were raised, but there is hope, as he’s projected to miss six to 10 weeks, and rookie Dak Prescott stepped up in the preseason. If Prescott can keep Dallas in contention and Romo returns healthy, the 25-1 price could be an overlay — as long as Romo can stay healthy the rest of the way, which is asking a lot.

After Super Bowl 50, the Houston Texans were my choice for best value play out of the AFC at 40-1. Well, the oddsmakers obviously felt all along that he would return to the fold as the odds didn’t budge. They did lose defensive tackle Kyle Williams early in the season, but a defensive mastermind like Ryan should be capable of working around a key injury.

Green Bay Packers over 10.5 (-170)

. However, after ranking 12th in points per game and sixth in yards per play, expect the league to adjust and regression to occur. They’ve fortified their defensive line with the additions of Chandler Jones and top draft choice Robert Nkemdiche to aid in the all-important NFL pressuring of the quarterback. They’re still the best value bet on the board in my opinion. The market hasn’t agreed, as the Falcons drifted all the way up to 100-1 before dipping back to 80-1 over Labor Day weekend

10-Year Rule To Become An Expert

He argues that it is impossible “for a person who has not mastered a domain or been involved in a field” (102) to take full advantage of the incubation phase. For example, one of the greatest public speakers that I’ve ever heard is Dr. To contribute to the field and challenge myself, I created a 10-credit college grant writing certification program. He is an authority in how to get grants, scholarships and fundraising, as well as an authority in finding and branding your niche, completion, and working at home.

Phil Johncock is an award-winning author, educator and mentor. The first happened during high school. I got involved in school-supported football at that point (8th grade). In other words, one thing that may define people with a consistently high level of creative performance is the degree of expertise in a specific domain or discipline that has taken place over time, as well as practice and experience. Although I had been playing organized football for only five years, I had watched a lot of football on TV previously. Creativity: flow and the psychology of discovery and invention. She once told me that in 20 years she compiled over 200 unpublished 400-page manuscripts on the shelves that she has used as scripts for her presentations. There are few rules for creativity, they claim. He implies that a certain amount of the patterns, knowledge and rules of a field like physics must be ‘internalized’ before deeper incubation can occur or creative, scientific breakthroughs be made. Understanding creativity. Piirto calls this the “10 year rule.” “Any person,” she claims, “must have been working in a domain for a minimum of 10 years in order to achieve international recognition” (15).

Personally, there are two examples of the 10-year rule that I can apply to my life personally and professionally. I basically documented “what works” in grant writing and began teaching others what I knew. Morever, little has been written about the relationship of the expert with his or her master teacher along the continuum of creativity levels. Now, I am exploring “best practices” in fundraising and endowment campaigns as part of my Ph.D. My students have since gone on to generate over $1.2 billion in funding in 2.5 years. She relies on her extensive expertise in hypnosis, theater, group dynamics, and comedy (her father was a comedy writer for Bob Hope and the creator of the famous “Who’s On First?” skit). I received many accolades (i.e., all-state running back, school and state (Michigan) records-setter, and Hall of Fame athlete) as a result of my performance during my senior (12th) year. One of the foundations for her speaking is a scripted text that represents countless hours of research and analysis (also her genius) of a wide range of subjects, from the new field of social artistry to spiral dynamics to ancient mystery school practices. New York, NY: HarperCollins.

In this essay, the 10-year rule will be introduced using arguments presented by Jane Piirto and Mihaly Csikszentmahalyi.

Piirto, J. “How do you get to Carnegie Hall?” the adage goes. You can reach Phil at www.4Grants.Net and www.BrandYourNiche.com/blog.

At least two creativity theorists (Csikszentmahalyi & Piirto) argue that creativity (with a big “C”) relies upon a certain degree of mastery over a domain in order for a creator to be successful. She is also one of the most widely-read people I know. In short, what role does a master teacher plays in producing creative genius and progressing from novice to expert? What is it that allows for mastery to take place? One explanation, says Piirto, is that “master coaches and teachers have codified the knowledge necessary for mastering the domain” (15). This is indeed a valid argument. That challenge ignited a competitive drive for me to move forward. “Practice, practice, practice!”

Finally, the second example of the 10-year rule happened to me professionally. She employs a great deal of spontaneity and humor along with wildly evocative and energizing lexicon (i.e., universal self, core tapping, pollination, social artistry, passion for the possible, lure of becoming) launched with such delicacy and impeccable timing. I wrote a masters thesis on the “Metaphysics of Successful Grant Writing” which I turned into a teaching/learning book on grant writing. Scottsdale, AZ: Great Potential Press, Inc.. Jean Houston. Starting in 1988, I wrote (and management) 48 out of 52 successful grant proposals (92+% success rate). Nonetheless, exploration of the levels of creativity (i.e., novice, apprenticeship, expert) has largely evaded theorists. Criticisms may also come from those who associate creativity with spontaneous, free flowing improvisations. In essence, they are the key holders to the secret code.

Criticisms may come from people who say that everyone is creative (with a small “c”); unfortunately, this is beyond the scope of this essay. Two years later, Coach Pessell elevated me to the varsity team as a sophomore to challenge me even more and bring my fledgling skills to a higher level. My experience and practice in football totaled more than 10 years.

Confirmation for the 10-year rule also appears in the work of Csikszentmihalyi, specifically regarding the ‘incubation’ phase of creativity. One of the primary criticisms of the 10-year role – namely the spontaneous nature of creativity – will also be addressed. Finally, it was Coach Pessell’s adaptation of the Ohio State Buckeye’s power-I offense that created a structure through which my talent flourished and shined. I received a great deal of public recognition after I gained performance mastery in the sport of football. These may not be apparent on the surface to a novice but they represent many decades of practice and experience.

Csikszentmihalyi, M. I also participated in pick-up games and organized sports like baseball and basketball with neighbors for more than five years. (1996). This area is easy for me, I’m confident speaking and writing, and my contributions are almost immediately well-received largely because I enjoy grant writing/management and teaching experience of more than 12 years.

Performers who rely on a large amount of apparent spontaneity (i.e., orators and comedians, for example) actually do follow rules of impeccable timing and use expertise in voice modulation and intentional pausing, amongst other personal skills many that are not apparent to the novice (I would say here I’m at the ‘apprentice’ level). Finally, two personal examples will be used to support the 10-year rule.

References

You are granted permission to use this article in your blog, ezine or newsletter in its entirety (including references and bio)

Support for the 10-year rule may be found in the expertise (or eminence) hypothesis presented by Piirto that “every field and domain of knowledge in which creativity can be demonstrated has novice levels, apprenticeship levels, expert levels, and special jargons” (15). (2004). Mastery is also needed, they claim, for creative products to be widely accepted and recognized by others, especially critics. In other words, a discoverer must be familiar with a discipline for deeper creative solutions to emerge.

Author’s Bio: 

We’ve all heard performance artists say how much they studied music and practiced with an instrument like the guitar before they were able to play more advanced classical pieces and develop their own unique style. However, even with improvisational genius, some degree of expertise and rule-following is required as a foundation beyond “practice, practice, practice.”

Permission

To support the role of master teachers presented earlier, I would like to appreciate my high school football coach, Fred Pessell, for challenging me in middle school to be a better running back than Ralph Ryan, a classmate

Top 10 Reasons Why MLB Sucks

Ole’ George will do whatever it takes to win because he loses so grasiously. These types of players survive their MLB bootcamp with Kansas City or the Reds and then after those teams can no longer afford them they have them well groomed for the “big money franchises.” The rich get richer, the poor keep calling up rookies! . The problems are many for this little pickle the MLB has put itself in. The free agent market paired with large market clubs will snuff out any such chances of restoring that to baseball. Here are my top reasons why…

#10-The players are overpaid. This is what happens without a salary cap. League expansion is a cluster of uncanny proportions. It let’s good hitter loose empasis on defense, and it takes away from the original nature of the game. They also forgot that it took away some fundamental aspects of managing. Maybe the other 9 reasons the MLB sucks has something to do with it!

#3 George Steinbrenner

Don’t get me started on this figure. He has publicity stunts that take the focus off the game, and puts on a show for our young adoring fans about the urgency to win, and gives them a seminar on the art of whining about losing. Or heaven forbid, my favorite argument, a picher that might be able to hit (Babe Ruth ring a bell). Even the struggling Reds lost Ken Griffey Jr., no he is not a franchise player for Cincinnati. ratings are falling because people would rather watch people drive around in a circle at high rates of speed then listen to another has-been drooling all over the microphone about baseball. There are fewer African-American playing the game of baseball today then in the 70’s. Granted there are some hard nosed athletes which could be considered baseball purist still around, but the Mark Graces of the World are few and far between.

#1 Loss of the Inner City Development

Just when you thought I had nothing intelligent to say: The main reason that Major League Baseball is below average is because the inner cities do not produce baseball players like they have in the past. You can find it the dictionary, but don’t look for it MLB clubhouses. There isn’t a whole lot more coaches can do to teach players to throw 100 mph. The double switch, the bunt, and the art of the pitcher moving a runner over. He put up Hall of Fame numbers while in Seattle. At least Jeff Gordon’s helmet size didn’t grow two sizes in a single season.

#4 Free Agency and the Death of the Franchise Player

Free agency is a curse! This has destroyed the franchise player.

#2 The Designated Hitter

The designated hitter was devised in 1979 by the American League to up attendance and run production…blah..blah..blah. He is the anti-christ of the purist movement. Maybe its boring, maybe there are no role models, maybe they have no place to play? For whatever reason there has been a lost link, and it shows. Now we have records that are going to have undeniable question marks beside them. The Yankees payroll is out of control! Lucky for us the remaining fans that talent and money doesn’t always win championships. This of course helps prepare them for free agency. Hitters have developed, even without the use of human growth hormones, the art of hitting a round ball with a round stick squarely has become a science.

#8 No Salary Cap

This is a problem. Contemporary craziness is Pete Rose betting on baseball, strikes, and now the “roid rage.” There are just too many factors to list! It just well…sucks! The game has been tarnished in so many ways. Where did these types of pitchers go? The intimidators, not on roids –I might add –where are they in the league. Pitching is relatively the same. But without a doubt he wanted to be a Red, even though they were horrible. I love the game. Spice it up a little bit, if Golf can up their ratings due to Tiger and a few dicy commentators..what is MLB or the broadcast networks doing to change it up?

Counting Down the Downfall of Baseball

I am a baseball fan first and foremost. I know the revenue sharing scam that MLB has put into place to hush up the small teams enough for them to keep a star of two, but this is out of control what these players make. With no salary cap Major League Baseball has let a whiny bunch of babies be the face of the organization. To me that is a player that should get to stay wherever he wants, and the MLB market should be to a point that some salary could be eatin’ by the Reds to ensure the Hall of Famer goes out exactly as he wanted to go. The small market teams will never hold onto a franchise player, and this hurts the fanbase. They give the poor kid a cap and a prayer and send him out there to compete. And the small teams get hit the hardest..these teams survive by calling up the next great hope from AA or AAA to fill a gap. Baseball has a unique dynamic that is referred to as chemistry, and it isn’t for sale!

#7 No Parity in the League

Parity is defined as:equality, as in amount, status, or character. It’s a joke that MLB pulled in order to do away with having pitchers go to the plate and flail out the ball in crucial parts of the game. MLB has been slow to move on this, but some initiatives are starting to funnel money back into developing solid inner city youth baseball programs. Too many prospects are being forced up too early.

#9 Too Many Tampered Seasons

This blemish dates all the way back to the Sox throwing the World Series. For a purist of the game the DH opened a window for a single tool baseball player to make it to the bigs. But somewhere between being a kid that loves the game and being an adult who gets paid to play the game a transformation happens. I like the commentary, but it isn’t exciting television. The head of the Yankee player monopoly will pout until he wins another World Series. I am a teacher of the game at many different levels. This is the shoot’em up Nintendo generation here that we are trying to interest in our beloved sport. The purity of the sport is not represented at the Major League level. Pitching is usually something you have that is innate and polished, hitting can be developed and is so more effectively in all the ametuer ranks of baseball. The only thing that makes it bearable for a fan is they are in third place, and they haven’t had a World Series monopoly. The already thin pitching talent being spread across the league to play in empty stadiums. Too much controversey for the fair weather fan, they are probably Nascar fans now. Your best 9 against my best 9, everybody hits!

#5 Boring Commentary

The T.V. But no the franchise players are as dead as the suicide squeeze in the MLB. It all goes to say, baseball has lost the interest of the African-American community. So how does pitching get back to where it was..Let’s start a couple more expansion teams..that will fix it.

#6 Pitching

Now that Nolan and the Goose have hung up their cleats who is left to make these lumber lugging neanderthals look retarded at the plate. Baseball hasn’t been able to appeal to elite African-American atheletes

Make Bets That Assure You A Win

. Many times you might be very close to win,but end up losing. Generally people get excited and make bets for larger amount all the time,this can lead them to debts because bankroll emptied quite early. Online betting websites are a great source which provide players with enriched betting odds, higher stakes and array of bets for novices as well experienced punters. Here you get trusted and reliable statistics, tables, betting tips and latest results that relates to football betting. Website offering betting tips have plethora of tips along with a statistical analysis that guides you and let you focus on the certainty of the bets at stake. Making money from soccer betting is all the matter of taking advantage from the information. It’s quite visible that Spain and Brazil are hot favorites for this soccer season, with presence of other teams,you need to carefully analyze their individualized performance and then place bets.

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The real of of online soccer betting is not as simple as the flip of a coin which lets you decide outcome of the match. You can also take a look on online lives scores of the matches and take the reviews of expert’s punter

Managing your betting amount is a crucial part to consider while you are placing soccer bets. However, despite of being an unpredictable affair betting lets you make huge money within a short span.

As the grand soccer world cup 200 is gearing near, players have great opportunity to try hand in making lucrative bets. Make sure you have maintained a betting limit , instead of wagering with hefty bucks, play with a small amount many times. Losing with a small amount will not be a disaster,you can easily make other bets with more excitement and fun.

All of us are aware that betting is a risky affair,this unpredicted event can take you to deep profits and at the same time you can lose also. Both of the teams have unbeatable good players,but then you should make bets after doing plenty of research work,don’t just stick to one,play smartly. It is essential to make a strong by soccer betting,you do not easily lose your calm and play with utmost patience.

Make your thoughts clear had have a strong base to make the most of this soccer betting season.

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The money making strategy in soccer betting is all about taking advantage from the information available,the more you are acquainted with latest trends the more you have chances of making as much money as you can

Offshore Gambling Operators to fall under Secondary UK Online Gambling Tax

This survey conducted by William Hill also brought to light the fact that if the tax is 10%, ventures would lose 27% of their revenue while if the tax is 15%, ventures would lose as much as 40% of their revenue. Owing to such rules, offshore ventures have managed to cash in much more than their UK-based operators have been able to do. With a growing number of people voicing their opinions against this glaring differentiation, the government of UK has been forced to rethink its policies. There is a major discrepancy in the profits earned by the offshore and local ventures, thanks to the extremely lenient taxation rules that are levied on the offshore operators.

In the recent turn of events, UK officials have decided to investigate the online gambling taxation scenario in the country and have declared that a commissioning body has already been formed for the same. Speaking about the issue, Ralph Topping, CEO, William Hill, said, “Money will always find a way out. Going by the report, tough times are predicted for offshore online gambling operators as the government plans to impose taxation laws that promise to be more stringent than they have been in the past. I hope the Government sees sense on this.” For the very purpose of evading high taxes in the UK, William Hill had moved its operations headquarter from the country to Gibraltar. Views of many of experts from the industry as well as several gambling ventures representatives will be considered by the committee before a conclusion is arrived at. With so much talk surrounding the UK government’s impending secondary taxation and licensing implementation, legendary William Hill decided to go ahead with its independent survey. More people will go overseas or to fly-by-night, unregulated sites where the consumer is not protected. With this new law being passed, William Hill would be back to the mess it was in three years back. If the stricter laws are sanctioned, such disparity will soon be a thing of the past.

The survey revealed that should the taxation be levied on such operators, gamblers and betters in UK would not shy away from playing at unlicensed sites, just to avoid the complications. As a result of this, the government has decided to apply a secondary tax on all such offshore gambling ventures.

. However, there are other ventures like Rank PLC that believe giving offshore ventures the advantage of not having to pay tax is against the EU legislation.

The commission that has been formed by the UK officials has been established with the purpose of analysing the relevance, bearing and outcome, should a secondary taxation be implemented on the offshore operators. However, since the time of its inception, this has come under scrutiny and has been widely criticised not just by local land-based casinos and betting establishments related to sports but also by several prominent politicians and public figures of the country. Currently, the offshore operators who provide online gambling facilities in Britain have an upper hand on the British operators which has, understandably, disgruntled the local land and online operators. The results have been worth a glance.

The relatively easier law that governs offshore gambling ventures was adopted by the UK online gambling legislation in the year 2005

UBS Writes Down Positions, Predicts an Overall Loss in Third Quarter, and Reorganizes Management

Mr. Mr. He has also been the head of O’Connor,

a specialist hedge fund provider within A&Q, with assets under

management of approximately USD 7.5 billion. A

glossary, containing definitions of some of the less-well known terms

used in today’s release, is also available at www.ubs.com/media.

Following a write down of positions in fixed income, rates and

currencies (FIRC), mainly related to deteriorating conditions in the US

sub prime residential mortgage market, UBS is likely to record an

overall Group pre-tax loss of between CHF 600 million and CHF 800

million for third quarter, ended September 30. As an integrated firm, UBS

creates added value for clients by drawing on the combined resources and

expertise of all its businesses.

Mr. Wolf is on the Undergraduate

Executive Board of the Wharton School and sits on the Athletics Board of

Overseers at the University of Pennsylvania. Management action has been taken to

make certain these positions are appropriately valued and risk managed.

Within the Investment Bank, Money Markets, Currencies and Commodities

(MCC) will be integrated into Fixed Income under the leadership of Andre

Esteves.

Marco Suter, Executive Vice Chairman, UBS, will leave the Board of

Directors to become Group Chief Financial Officer, and join the Group

Executive Board. Between 1999 and 2005 he was Group Chief Credit Officer and

a member of the Group Managing Board. Wolf also participated as a panel member at

the inaugural Wall Street forum for HIV and AIDS alongside former UN

Secretary Kofi Annan.

 

In third quarter 2007, expected pre-tax loss for the Group between

CHF 600 million and CHF 800 million, due mainly to write downs and

losses in the FIRC business within the Investment Bank

For the first nine months of 2007 pre-tax profits for the Group in

the order of CHF 10 billion, and expect to end the year with good

level of profits and a strong capital position

All other businesses in the Investment Bank, as well as the Global

Wealth Management & Business Banking and Global Asset Management

business groups, performing very well

Management changes:

– Investment Bank Chairman and CEO Huw Jenkins to step down. He also

serves as Global Chief Operating Officer for the Investment Bank.

Short bio Joseph Scoby

Joseph Scoby is Global Head of Alternative and Quantitative Investments

(A&Q), an alternatives platform within Global Asset Management with

approximately USD 60 billion in assets under management and 360

employees around the globe. Wolf is a member of the UBS Group Managing Board and the Investment

Bank Management Committee. During 2008 we will continue

to focus on improving cost and balance sheet efficiency.”

Where possible, holdings are marked at the quoted market price. His long experience and knowledge of UBS, including as

Group Chief Credit Officer, make him extremely well qualified for this

position. In Global Wealth Management &

Business Banking, all geographical regions continue to attract net new

money. Mr. For most

sub prime holdings, this is not possible. Pre-tax profits for the

first nine months of 2007 will be in the order of CHF 10 billion. Marco Suter was elected to the Board of Directors at the Annual General

Meeting of UBS in April 2005 and thereafter appointed as Executive Vice

Chairman.

In addition, UBS has taken significant write downs on positions in Super

Senior AAA-rated tranches of CDOs, based on level 3 valuation models.

Robert Wolf, Chairman and CEO, UBS Group Americas and Chief Operating

Officer Investment Bank, will additionally become President, Investment

Bank. The one firm approach requires a

successful and profitable Investment Bank. Global Asset Management continues to perform well. These have also been written down appropriately,

leading to a limited loss on these positions in third quarter.

Short bio Marco Suter

A video containing an interview with Group CEO Marcel Rohner is

available at www.ubs.com/media as

well as at www.cantos.com. These events have led to the

management changes announced today. All other businesses in the Investment Bank, and our

Global Wealth Management & Business Banking and Global Asset Management

businesses, continue to record good results. Marcel

Rohner, Group CEO, will reorganize senior management, take over as

Chairman and CEO of the Investment Bank, and accelerate structural

improvements to the firm.

All other UBS businesses remain strong. Valuations therefore mostly

use models with observable inputs, where possible, and level 3 valuation

models otherwise.

“I am confident that, with these changes and

by properly absorbing the lessons of this quarter, we will become a

stronger bank.

Joseph Scoby’s first task as a member of the Group Executive Board will

be to review and refine our risk processes. I have therefore taken

decisive action to be as transparent as possible. He originally worked for PaineWebber

Inc. in Economics. Wolf graduated from the Wharton School at the University of

Pennsylvania with a B.S. Suter was born on 7 May 1958. Scoby’s

experience includes portfolio management in commodity options,

convertible arbitrage, equities, equity derivatives, corporate bonds,

merger arbitrage, quantitative equity, real estate finance, and

fundamental based equity long short funds. Ferri began his legal career practicing corporate law at Seward &

Kissel, from 1991 to 1995. We have thousands of

talented people throughout the organisation who, by working together,

will deliver further value to our clients and additional growth to our

shareholders.”

Mr. He served as Global Head of Fixed Income from

2002 – 2004, having joined the firm in 1994

after spending approximately 10 years at Salomon Brothers.

Management changes

The remaining relevant positions in direct sub prime RMBS have a current

net value of USD 19 billion. In fact, conditions remained

turbulent, so we will make an overall pre-tax loss at Group level for

the quarter.

These write downs are mainly of (a) legacy positions of the now closed

Dillon Read Capital Management subsidiary and (b) positions entered into

as part of the Investment Bank’s mortgage

backed securities business.

. Mr. This led to substantial valuation losses, including in

securities with high credit ratings. Ferri is also responsible for managing the product

pipeline, business development, sales and client services.

UBS

In the third quarter, UBS will recognize substantial losses in FIRC

within the Investment Bank, mainly on its holdings of securities related

to the US sub prime residential mortgage (RMBS) market. Ferri has overall

responsibility for managing the logistics platform and business

development effort of the group, ensuring the investment team’s

requirements are met while maintaining the appropriate control

infrastructure. Scoby has a BS from Wharton School and an MA from the

University of Pennsylvania, both earned with honors in a total of four

years of study and awarded in 1987.

Working closely with other members of the management team and the key

investment professionals within A&Q, Mr. Within the

Investment Bank, IBD has gained market share, the capital markets

business remains strong, and equities revenues –

though a bit weaker this quarter than a year ago, and in the context of

extremely difficult conditions – remain

healthy.

Commenting on these changes Marcel Rohner said:

Commenting on these decisions, Marcel Rohner, Group CEO said:

“On August 14, I said that if turbulent

conditions prevail throughout the quarter, we will probably see a very

weak trading result in the Investment Bank, offset by predictable

earnings from wealth and asset management. Group

CFO Clive Standish to retire

– Marco Suter, Executive Vice Chairman, UBS, to become Group CFO

– Walter Stuerzinger, Group Chief Risk Officer (GCRO), to become

Chief Operating Officer (COO), Corporate Center

– Joseph Scoby, Global Head of Alternative & Quantitative

Investments, UBS Global Asset Management, to become GCRO, UBS

Investment Bank changes:

– Robert Wolf, COO, Investment Bank, additionally appointed

President, Investment Bank

– Money Markets, Currencies and Commodities (MCC) to be integrated

into Fixed Income

– Initiation of cost reductions in Investment Bank

While the third quarter loss means that pre tax results for the full

year 2007 will most probably be below those for 2006, total earnings

should still be at a high level and UBS will finish the year in a strong

capital position.

Mr. These securities are either AAA-rated or High Grade, and have a

short weighted average life.

When most mortgage backed securities positions were set up there were

offsetting positions in place, designed to mitigate risk in normal

market conditions. We have a strong balance sheet, a strong franchise, and

leading positions in all businesses in all regions. Overall, FIRC

will record negative revenues in the order of CHF 4 billion.

With effect from today:

Mr. He also chairs

the Swiss Institute for International Studies (SIAF).

Despite the unsatisfactory results for the third quarter, we still

expect to end the year with a good level of profits and in a strong

capital position. He is a Swiss citizen. In

Switzerland, UBS is the market leader in retail and commercial banking.

UBS has no material exposure to conduits.

The marks take a cautious view of future developments in the US mortgage

market and UBS is content to hold these securities at this level of

valuation.

Mr. William Ferri, currently

Head of Business Development and Logistics for A&Q, will be appointed as

the new Global Head of Alternative and Quantitative Investments.

Short bio William Ferri

As a result of the planned changes within the Investment Bank, overall

staff numbers will fall by about 1,500 by the end of this year.

Mr. These positions consist overwhelmingly of

AAA-rated tranches, 80% with a weighted average life of less than three

years. Ferri joined the UBS Investment Bank in 1998

as Director of Equity Compliance. Suter has been with UBS and its predecessor, Swiss Bank Corporation,

since 1974. He also has extensive

experience in solving institutional and corporate client problems using

derivatives. Gall office and later broadened his experience

with assignments in Nyon, New York, Basel, Zurich and London.

Robert Wolf is the Chairman & CEO of UBS for the Americas. He is on the Executive

Leadership Council for the Multiple Myeloma Research Foundation, on the

Board of Trustees for the Children’s Aid Society, the Board of Directors

for the partnership for NYC and on the Board of Directors for the

National Sports Museum. From

1995-1999 he was the Joint Head of US Equities at the Investment Bank,

with responsibility for approximately 650 employees. Scoby began his career with O’Connor and

Associates in 1987 and became a Managing Director in 1993. Prior to his appointment to his current position in 2004, Robert

Wolf was Global Head of Fixed Income for over three years.

William Ferri is the Head of Business Development and Logistics for

Alternative and Quantitative Investments (A&Q), an alternatives platform

within Global Asset Management.

Third quarter results

UBS is the leading global wealth manager, a top tier investment banking

and securities firm, and one of the largest global asset managers. Its business,

global in scale, is focused on growth. From 1996 until the merger of SBC

and Union Bank of Switzerland in 1998 he served as regional manager of

the Zurich-Eastern Switzerland-Ticino area for the corporate and

commercial banking activities of SBC. He received a BS form Cornell University in

1988 and a JD from the University of North Carolina in 1991.

Walter Stuerzinger, Group Chief Risk Officer (GCRO), will become Chief

Operating Officer, Corporate Center, and hand over the GCRO position to

Joseph Scoby, currently Global Head of Alternative and Quantitative

Investments (A&Q), Global Asset Management. I have also made

appropriate senior management changes, and will accelerate

already-planned changes to the firm. However, the deterioration in the US sub prime

residential mortgage backed securities market, especially in August, was

more sudden and more severe than in recent history, and markets became

illiquid. Its shares are listed on the SWX Swiss Stock Exchange,

the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

Previously, he was General Counsel for the O’Connor

hedge fund and fund of fund businesses, and was on the O’Connor team at

its relaunch in 2000. Suter first joined the bank in 1974 as an

apprentice at SBC’s St. There is also a smaller position of below USD 4 billion net

exposure to sub prime securities through warehouse lines and retained

CDOs. He is a member of the

Global Asset Management Executive Committee and a member of the UBS

Group Managing Board.

ZURICH & BASEL, Switzerland–(BUSINESS WIRE)–Regulatory News:

Continued strong performance in other business areas

UBS is present in all major financial centers worldwide. Following these actions, UBS is in

a strong position to continue to grow its client businesses.

Results for third quarter 2007 will be announced on October 30, 2007 as

planned.

Marcel Rohner, Group CEO, said: “UBS operates on the principle that

management is accountable to shareholders. (since 1995) where positions held included Corporate Vice President

and Associate General Counsel to the Global Equities Division, and

Deputy Director of Compliance.

UBS has only limited exposure to leveraged lending with commitments of

about USD 13 billion. Mr. Joseph Scoby’s record both as

head of A&Q and previously as Joint Head of US Equities within the

Investment Bank makes him an ideal successor to Walter Stuerzinger. He is married with two children.

Short bio Robert Wolf

In addition to his roles at UBS, Mr. Prior to that, he held various

management positions in SBC’s investment banking operations, first as

the Continental European Head of Merchant Banking and later as the Chief

Credit Officer for EMEA. Huw Jenkins, Chairman and CEO of the Investment Bank,

will step down from his position and become a senior advisor to Marcel

Rohner.

Biographies

UBS is one of the world’s leading financial

firms, serving a discerning international client base. A&Q currently has over USD

60 billion in assets under management. UBS remains a formidable

competitor in financial services and is well positioned to deliver

long-term profitable growth.”

Marcel Rohner, in addition to his duties as Group CEO, will for the

foreseeable future take over the role of Chairman and CEO of the

Investment Bank. Clive Standish, Group Chief Financial Officer, will retire.

There are other, smaller, losses in equities proprietary trading within

an overall satisfactory result.

Our first quarterly loss in nine years is an unsatisfactory result,

especially after such a strong first half. UBS’s financial businesses employ more than 80,000 people

around the world. It has offices

in 50 countries, with about 39% of its employees working in the

Americas, 34% in Switzerland, 16% in the rest of Europe and 11% in Asia

Pacific. Mr

10 Steps You Can Take To Stop Gambling Today

Its best to find someone who’s been in your shoes, but hasn’t gambled in quite some time.

Make sure you like them, they have your best interest in mind, & truly do help you.

STEP 4: SUBMIT YOURSELF TO A PROGRAM OF RECOVERY

What does this mean exactly? It means you must submit,commit, & trust in the program of recovery you choose. The only time casinos won’t let you gamble, is when you don’t have what they want……money.

STEP 2: GET HELP TODAY

To overcome something as powerful as a gambling problem or addiction, we must get help from others.

Help is out there in many forms. In the beginning the constant thoughts and urges to gamble can be intense. It may sound funny, but joining a group of fellow recovering gamblers gives you strength & power over your gambling. If you want to stop starting right now, block all access to money. Gamblers Anonymous is one. He’s overcome his own addiction to gambling & has helped many others do the same. There are therapists, counselors, & life coaches out there trained to help you stop. Know that there are 1000’s of recovering gamblers. You help yourself and others triumph over a common enemy. Know that if they can do it, you can too. Combat this with the previous 9 steps & a one on one coach, sponsor, or therapist. In the moment, you’ll want a plan of action to take when the urge to gamble attempts to overwhelm you.

STEP 7: REMIND YOURSELF WHY YOU’RE STOPPING, & FOR WHO.

Make a list of the people you love & love you back. If needed, list them out. A gambling problem is very strong, plays many tricks on on our minds, & tries to convince us of many lies. Carry only a very small budget for food each day and thats it.( absolutely no more than $5). Carrying recovery reading & phone numbers help.

Jason is a recovered compulsive gambler of over 5 years and a certified professional life coach. Put up pictures of them & when you see it, remember that’s who you’re stopping for.

Recognize that if you gamble, you’re letting them down.

Remind yourself of all the bad things that have been caused by your obsession to gamble. Call them ANYTIME you need to. He is an author, life coach, sponsor, & former GA chapter president, husband, & stepfather.

STEP 5: CARRY RESOURCES WITH YOU AT ALL TIMES

Get or print off pro gambling recovery literature & carry it with you at all times.

Read it daily, especially in first months. -Author Unknown.

STEP 9: HAVE A PLAN IN PLACE FOR YOUR NEXT URGE

When your next urge comes, what will you do? You’ll need to know the answer to this. Inpatient Treatment is another. Good help seems to come from ex-gamblers themselves because they’ve been there, & they understand. This includes credit cards, debit cards, access to bank accounts, checks, loans, etc. Have phone numbers listed for people to call who support you in your recovery. Don’t know where to turn to for help? Email jason@livegamblefree.com

STEP 6: BAN YOURSELF FROM GAMBLING (ONLINE AND OFF)

If you go to a local casino, take a caring friend and ban yourself for life.

If you play online, contact the online casino and have your account closed permanently, & demand to be banned from their site.

STEP 8: STAY HOPEFUL

Only those who never give up on themselves & their program of recovery beat gambling. You make lifelong friends who will always understand and care.

This step can be done by attending Gamblers Anonymous, Celebrate Recovery, & finding online support and help. (because it is the truth).

To learn the secrets to stopping gambling now, & to get 1 on 1 coaching from Jason visit http://www.livegamblefree.com or email Jason at jason@livegamblefree.com

These 10 steps are an excellent start to stopping gambling today.

If you have any unanswered questions or need to be pointed in the right direction email jason@livegamblefree.com

STEP 10: GET 1 ON 1 SUPPORT.

Stopping Gambling isn’t easy. If you gamble online, get gamblock today.

STEP 3: JOIN A COMMUNITY OF RECOVERING GAMBLERS

Recovering in numbers is key. Connect your gambling with the the negative consequences its brought into your life.. (Email the author at jason@livegamblefree.com for online communities you can join today). You trust that the program will solve your gambling problem, as long as you never give up on it.

Author’s Bio: 

When you absolutely must stop gambling right now, here are 10 steps you can take today.

There is but one good throw upon the dice, which is, to throw them away. Know what to do & who to call if a thought or urges to gamble hits you….(and unfortunately they will).

STEP 1: GET RID OF YOUR MONEY

If you want to stop gambling right now, the first step begins by stopping to carry money. There are 1000’s of people who once were severely addicted to gambling, haven’t gambled for months and even years

Cybergambling returns — and this time it’s legal

To put that into further context, Americans accounted for nearly 10 percent of the entire $33 billion worldwide online gaming market,” Freeman said.

Legalizing gambling across the U.S. market could be worth as much as $9 billion in the coming years as other states, including California, legalize online wagering.

“There will be many games to play online in New Jersey,” Fenton told FoxNews.com. They play against the house at Virgin Casino, and they can finance their wagers with debit cards, credit cards, or in person.

“Prohibition simply does not work,” Geoff Freeman told a House panel on Dec. Gov. H2 said the industry was worth $33 billion in 2013, with $4.5 billion coming from mobile gambling on iPads, iPhones and smartphones.

‘Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion.’

“It’ll be interesting to see how this plays out,” said Laurence DeGaris, associate professor of marketing at the University of Indianapolis and an expert in Internet culture.

Mega-entrepreneur Richard Branson’s Virgin Group is the latest entry in online gambling, teaming with the Tropicana Resort in Atlantic City and online game maker Gamesys to bring online poker, blackjack and slots to New Jersey this week.

Congress banned online gambling in 2006. “If we are unable to determine that you are in New Jersey, you will be unable to play on Virgin Casino,” the site notes. — notably sports betting.

Globally, the business is even more lucrative. will catch up to the rest of the world and allow it at some point.”

But analysts are mostly rolling with Christie and the casinos. “That’s where I see the huge potential in online gambling, and I reckon the U.S. That doesn’t translate online,” DeGaris told FoxNews.com. Virgin could be holding a full house, but it could also fail before the flop.

- Geoff Freeman, president and CEO of the American Gaming Association

Prohibition failed – again

Last month, the president and CEO of the American Gaming Association testified before Congress and urged legislators to repeal their 7-year-old ban on Internet gambling.

And New Jersey isn’t alone; eight other states have bills in the works that will allow Internet gambling as well. “Blackjack and poker have a very human element that’s lost online. will generate – in addition to tax revenue from the proceeds at casinos – approximately 22,000 new online gambling-related jobs, Freeman testified.

Not everyone agrees with the odds. Chris Christie validated the vice in the waning weeks of 2013, saying he hoped to rake in $1 billion in casino revenues this year, of which the state will collect a 17 percent tax.

. If your phone is off, or if you’re too near state borders, you may not be allowed to play.

What happens online, stays online

Six other firms, including popular companies like WSOP.com and Ultimate Poker and other casinos like Caesars and the Golden Nugget, participated in the “soft play” launch of online gambling in New Jersey in November, the state’s Department of Gaming Enforcement Director Dave Rebuck said during a recent conference call.

“Slots and roulette are very visceral games, lots of bells and whistles. market research firm H2 Gambling Capital, which focuses on the gaming industry, predicted about $300 million for New Jersey’s online casinos — or about $45 million in tax revenue, according to the New York Times. Nevada and Delaware also began offering some online gambling last year, but New Jersey is the first state to “fully” legalize it, said Lee Fenton, the chief operating officer of Gamesys.

Many Americans simply ignored the ban, he noted, as the country did during Prohibition in the ’20s.

Freeman said the Department of Justice has relaxed its views toward online gambling since 2011, and this could open up even more opportunities in the U.S. But new laws across the nation are rolling the rules back — and lawmakers think they’re holding a royal flush.

To prevent unauthorized access, Virgin Casino physically locates gamers’ cellphones periodically. “Blackjack, slots. U.K. In online casino gambling, it’s about the game more than the bet.”

Players must be at least 21 years old, and either reside in New Jersey or be in the state when they place their bets. Others predict the overall U.S. 10. “The technology is rolling out this week.”

“Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion on illegal, unregulated offshore gaming sites. Not just poker.”

“Those from other states can play, but they cannot wager,” Fenton said. “The federal government has tried the prohibition approach – specifically the Unlawful Internet Gambling Enforcement Act of 2006 and the Wire Act – and through multiple Justice Department crackdowns on offshore operators as well.”

“In sports gambling, it’s about the bet,” DeGaris said

China bitcoin arbitrage ends as traders work around capital controls | Reuters

Early this month, Chinese media began reporting that investors from Wenzhou, the east coastal city known for its entrepreneurial and speculative zeal, were piling into bitcoin.

But analysts say the price convergence also reflects the rapid evolution of the bitcoin market, which began with technology enthusiasts but quickly expanded to include those with the financial know-how to evade China’s strict capital controls.

A 27-year-old e-commerce professional from the east coast city of Xiamen, who goes by the screen name ‘King,’ is typical of early-wave amateur punters.

Indeed, unexpectedly strong export growth in November reignited suspicions that official data had been inflated by fake invoicing.

In recent days, however, the spread between bitcoins as priced in yuan and those priced in dollars has disappeared. “All of my clients have plenty of money offshore already,” he said.

Wenzhou’s famously tight-knit, business-savvy global diaspora has given rise to the adage “Wherever there’s a market, there are Wenzhou people” and offers Wenzhou investors ready access to foreign currency.

(Additional reporting by Shanghai newsroom; Editing by Richard Borsuk)

“Insane bitcoin. The most common is falsified trade invoices, which disguise movements of speculative cash as payments for goods and services.

Traders could earn profits by buying bitcoins using dollars on a foreign exchange such as Mt. Chinese bitcoin chat rooms buzzed last month as investors noticed that the digital currency as sold on China’s biggest exchange was more expensive, in dollar terms, than bitcoins traded abroad using dollars, creating a tempting arbitrage play.

SOPHISTICATED ARBITRAGEURS

SHANGHAI The price gap between bitcoins trading in Chinese yuan and those sold for other currencies has evaporated in recent days, highlighting the porous nature of China’s capital controls.

“So if you did trade that market, getting your money back into another currency is more difficult,” he said.

He told Reuters that he used RChange, an online currency exchange and payment service based in the Seychelles, to exchange yuan for commercially-operated electronic currencies such as OKPay and EgoPay, which are accepted by several international bitcoin exchanges. But because such currencies carry hefty charges, this method is only profitable when the bitcoin spread is very wide.

RAPID EVOLUTION

Mis-invoicing in China resulted in illicit outflows worth $3.79 trillion between 2000 and 2011, according to a report last year by Global Financial Integrity, a think tank and advocacy group in Washington.

A Shanghai-based fixed income fund manager dismissed capital controls as a barrier to shifting money around. But the same technique has been used to move funds in the other direction.

Recently, as bitcoin has grown in popularity, more sophisticated arbitrageurs have stepped in. Gox, reselling them for yuan at the higher price on BTC China, the main local exchange, and finally converting the yuan back to dollars.

A key driver of the price gap was China’s capital controls, which make it difficult for speculators to swap yuan proceeds from the sale of high-priced Chinese bitcoins into dollars.. An announcement by China’s central bank last week forbidding commercial banks from dealing in bitcoin also contributed to the price decline on BTC China.

By Gabriel Wildau

| SHANGHAI

Some bitcoin speculators are also likely resorting to other tried-and-true methods for skirting China’s capital controls. If you’ve got dollars, hurry and do arbitrage,” a user called ‘foxtree’ wrote on Weibo, a Twitter-like micro-blogging platform, on November 19, the day the gap peaked at more than 30 percent.

“Certainly a portion of the premium on BTC China was a result of the fact that any coins sold would be in RMB, which isn’t the most portable currency,” said Zennon Kapron, head of Kapronasia, a Hong Kong-based finance and technology consultancy, using an alternate term for the Chinese currency.

Those suspicions centered on the conversion of dollars to yuan in order to profit from appreciation of the Chinese currency