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In high school I became acquainted with a rap group called the "Dayton Family" that provided me and my buddies with tons of unintentional comedy with the title of their smash album, "F.B.I. -F*ck Being Indicted"
thanks, Dayton.
"I'm anti, can't no government handle a commando / Your man don't want it, Trump's a bitch! I'll make his whole brand go under,"
When Caterpillar was looking for a new logistics center, who did they call? That's right...Dayton, the Crossroads of America. 500-600 new jobs are coming to the great Ohio Miami Valley. Thanks, Dayton.
One of the big wigs at Caterpillar is a Wyoming Cowboy fan. I met him at the MWC tourney a few years ago, very funny guy. They were going ot nascar the next day and his wife said when they start their engines it gives her an orgasm every time.
I'm impressed that anyone could shatter a drive-thru window by punching it.
"Socialism is a philosophy of failure, the creed of ignorance and the gospel of envy; its inherent virtue is the equal sharing of misery." - Winston Churchill
"I only know what I hear on the news." - Dear Leader
FEZZIK: Gambling 'wiseguy' makes money off the 'squares'
Miguel Bustillo / Los Angeles Times
April 1, 2006
LAS VEGAS -- Shortly after 9 a.m. on March 25, amid the madness of the National Collegiate Athletic Association men's basketball tournament, a man dressed in black studied the electronic board flashing point spreads at The Palms Casino Resort.
Steve Fezzik had already wagered more than $7,000 that morning, placing a half-dozen bets on the Internet and in casinos on sporting events large and small, from arena football to college ice hockey to women's college basketball.
"Steve Fezzik," as he has called himself in interviews, is not his real name. (Fezzik, as any good geek knows, is the name of the strongman played by the late wrestler Andre the Giant in the 1987 Rob Reiner fairy tale movie "The Princess Bride.")
By Fezzik's high-rolling standards -- he averages about $60,000 in daily sports wagers -- the day was off to a slumbering start. He was anxious to pick up the pace.
"If you see a guy kicking back, drinking a beer and watching the game after he makes his bet, that guy ... is never going to make serious money. He is a loser," Fezzik said, walking out of The Palms so briskly he was nearly running. "I've been known to sprint to the next betting window."
Fezzik is a minor celebrity in the demimonde of serious Las Vegas gamblers. Six years ago, he was an insurance executive who drove the crowded freeways to downtown Los Angeles every morning like a corporate lemming. Now he is a "wiseguy," the Las Vegas moniker for someone who makes a living attempting to outsmart the sports books, the casino divisions that take wagers on sporting events.
If the life of Fezzik is any indication, betting on sports professionally is a mentally draining pursuit that has much in common with managing a hedge fund, including a potentially big pay-off.
Fezzik, who wagers a large amount of his own money every day along with cash pooled from a small crew of betting partners, boasts that he earns a six-figure salary, largely by predicting the prejudices of "squares," or casual sports gamblers, and betting big the opposite way before other "sharps" such as he capitalize on the public's naivete.
Feats of athleticism are irrelevant to serious bettors; theirs is a game of cold, hard numbers, where actual winners and losers often do not matter.
Fezzik does not spend much time scouting the strengths and weaknesses of the teams. Instead, he uses his knowledge of statistics to ferret out betting lines that appear askew. Often, those propositions do not center on the outcome of a game, but on how many points a team will score during the second half, or whether both teams will amass a certain combined score.
During playoffs, Fezzik said, Las Vegas turns into a candy land for sophisticated gamblers because sports books expand offerings to include oddball bets. Fezzik said one of his favorite wagers was betting big that casino oddsmakers were wrong when they predicted that the Tampa Bay Buccaneers would punt the football more than the Oakland Raiders in the 2003 Super Bowl. Each team punted five times.
Betting lines do not represent oddsmakers' real opinion of how many points a favored team will win by, or what the final combined score of a game will be. Rather, the line is the numerical sweet spot where the casino believes it can entice equal bets on each side of the proposition. By attracting about the same amount of money on both sides, the house is guaranteed to win. It charges a fee to place every bet, and only returns the fee to winning bettors, so it collects more than enough from one side to pay the other.
Serious bettors, unlike the majority of casual gamblers, understand the difference between reality and a point spread, and seek to exploit it.
Last Saturday, as frat boys and other tourists in Connecticut jerseys crammed casinos to root on their favorite team, Fezzik and other professional bettors were backing the George Mason University Patriots, an underdog in the NCAA basketball tournament.
Because of all the casual bettor money coming in for top-seeded Connecticut, the Huskies became an eight-point favorite -- a huge margin in basketball. George Mason not only beat the spread but won in overtime.
Betting on Connecticut, Fezzik explained, was a "classic donkey play," a gambler's way of describing a wager only a rube would make.
"All of these people, they're going to lose," Fezzik said loudly in a casino coffee shop full of tourists, drawing amused stares. "I would agree that 99 percent of sports bettors eventually lose. But the guys I know, the math geeks like me who take this seriously, they don't lose. They may only win 54 percent of the time, but that adds up."
Like many big-time bettors, Fezzik strives to stay incognito. He says one casino has banned him for winning too often, and that he would be an easy mark for thieves if his identity were widely known because he sometimes carries tens of thousands in cash.
Fezzik agreed to discuss how he makes a living only on the condition that his name not be published, but he revealed it to the Los Angeles Times so his life story could be confirmed.
Fezzik, 44, is a former high school chess wizard from Dayton, Ohio. He graduated from Northwestern University in 1986, and became an actuary, or statistician, who calculated insurance risks.
He rose to vice president at Transamerica Asset Management. But he grew bored and became consumed by a passion he had picked up after college: sports betting.
In 2001, he left Los Angeles and now lives in a modest apartment near the Las Vegas Strip with his girlfriend, whom he met at a Los Angeles Starbucks.
"My parents used to disapprove," Fezzik said. "But since I had some success in the business world, they understand that I could do other things."
Despite his belief that going public is bad for a bettor, Fezzik could not resist the allure of fame. He has a Web site, Fezzik's Place, where he dispenses betting advice, posting his picks beside a picture of himself camouflaged in cheap sunglasses and a large wig. He also served as the host of a local radio show on gambling last year.
To demonstrate his ability to consistently win by betting on sports, Fezzik this year began the Fezzdaq, an online index where he posts some of his daily wagers. Thanks to an extraordinary run in pro and college hoops, the Fezzdaq quadrupled -- far outdistancing the Dow Jones, Nasdaq and S&P 500 market indexes. But in a sign of how quickly gambling fortunes can fall, the Fezzdaq has lost more than 20 percentof its value since March 20.
In a sense, Fezzik is a relic. The heyday of professional sports betting in Las Vegas passed long ago. Many serious gamblers now take their action into cyberspace, where offshore casinos offer higher betting limits and lower fees.
Las Vegas casinos charge 10 percent in "juice," or fees, to place a wager, which means a gambler has to bet $110 to win $100. That typically requires bettors to win more than 52 percent of the time just to break even.
Citing their built-in advantage, casino oddsmakers do not worry about serious gamblers such as Fezzik. Over time, they say, casinos always prevail.
"The sharp players get to pick and choose, and they can find the spots where they think they have an advantage," said Rich Baccellieri, who manages the Palms Race and Sports Book. "But as long as they are laying $11 to win $10, I'll take my chances with them."
On most days, Fezzik spends hours at his computer scouring the sports books for miscalculated or outdated point spreads he can pounce on.
During Hurricane Katrina, Fezzik noticed some sports books had not adjusted their lines on how many games the New Orleans Saints would win during the upcoming NFL season. They were taking wagers on whether the Saints would win more than seven games at a time when the Superdome was filled with evacuees.
The Saints, forced to play their season outside New Orleans, won only three games.
When Fezzik finds such opportunities, he calls his betting partners, men with nicknames such as "Midnight Cowboy" and "Eight of Clubs," who rush to the sports books to place the wagers. Timing is crucial, because the spreads can change in a matter of minutes as other professionals pounce on the same mistake.
In Nevada, it is illegal to hire messengers to place wagers, so Fezzik and his colleagues pool their money and share the winnings. They bet $100 to $10,000 a pop, from a bankroll accrued over more than a decade of calculated gambling. About once a week, Fezzik leaves his apartment and places many of the wagers himself.
In the middle of his mercurial sprint last Saturday from one sports book to the next, Fezzik chatted up a colleague at the posh Wynn Las Vegas resort to find out which teams Alan Boston, another professional gambler, was putting his money on. Fezzik commanded his crew to piggyback on Boston's picks: the University of California, Los Angeles, and Louisiana State University. They bet $6,000 on LSU and $8,000 on UCLA.
Fezzik then drove feverishly to Primm, a town of less opulent casinos near the California state line. The Primm Valley Resort & Casino took smaller bets than the books on The Strip, but offered more favorable odds. Fezzik bet $500 on unheralded Colorado College to beat Cornell in college hockey -- and lost.
On the way back to Las Vegas, Fezzik appeared to lose his nerve.
Midnight Cowboy called to tell Fezzik that LSU was losing 9 to 4 in the basketball game to Texas. Fezzik ordered him to go on the Internet immediately and bet $1,000 on Texas, partially canceling out his earlier bet by wagering on both sides of the same game.
Minutes later, Midnight Cowboy called back.
"Now LSU is dominating? How could we know they would score eight straight?" Fezzik said, exasperated. He debated yet another bet -- more money on LSU -- but decided to leave the game alone, and hung up.
Boston, whose specialty is college basketball, was golden on this day. Both his picks would win.
Fezzik returned to The Palms to fool around with the latest technological advance to hit the sports books: real-time gambling. Known as Rapid Bet Live, it allows gamblers to wager on whether a baseball pitcher will throw a strike or ball, or which team will make the next three-point shot in basketball, simply by hitting a touch screen.
But Rapid Bet Live proved to be too popular: There were no spaces available. Fezzik coached four tourists from Chicago on when to push the button to correctly guess the next foul in the Texas-LSU basketball game. The tourists all won several dollars after making small-time bets. Within seconds, the casino turned off the option to bet on fouls because there were too many winners.
Though Fezzik disregards the notion that he might be addicted to gambling, he admits that like a winning coach who expects success, the losses now dampen his spirits far more than the wins lift them.
After months of aggressive sports betting, building to a climax with the Final Four basketball contests, Fezzik said he needed a vacation from Las Vegas -- but not, apparently, from the world of high-stakes gambling.
He planned to go to Lake Tahoe, he said, to get in a little hiking during the day, and play poker by night.
"Be a philosopher. A man can compromise to gain a point. It has become apparent that a man can, within limits, follow his inclinations within the arms of the Church if he does so discreetly." - The Walking Drum
"And here’s what life comes down to—not how many years you live, but how many of those years are filled with bullshit that doesn’t amount to anything to satisfy the requirements of some dickhead you’ll never get the pleasure of punching in the face." – Adam Carolla
An Ohio woman who police say was raped along a street in daylight tells a Toledo newspaper that she's upset that motorists didn't stop to help.
The 26-year-old woman tells The Blade that she yelled for help and noticed at least two cars drive by.
Police say one driver slowed down and beeped the car horn during the Tuesday attack and another returned to the scene and saw a person running away. Police say some passersby called 911, but it's unclear if either of the two drivers mentioned by the woman did so.
Sgt. Sam Harris said Thursday that the 15-year-old suspect has confessed to the attack but offered no motive. The boy was charged as a juvenile with rape and robbery and is being detained.
Thanks for nothing, Dayton. So says NCR. For those of you who own NCR stock, sell sell sell! It may perform well enough in the short run and maybe on into the foreseeable future. But within the next five years NCR will be a shell of it's former self, broken up into pieces and sold for scraps. That's what happens to companies that forget its history.
Thanks for nothing, Dayton. So says NCR. For those of you who own NCR stock, sell sell sell! It may perform well enough in the short run and maybe on into the foreseeable future. But within the next five years NCR will be a shell of it's former self, broken up into pieces and sold for scraps. That's what happens to companies that forget its history.
Thank you for that link.
I wouldn't mind learning a bit more about the Deeds Carillon in a future installment of "Thanks, Dayton."
Thanks for nothing, Dayton. So says NCR. For those of you who own NCR stock, sell sell sell! It may perform well enough in the short run and maybe on into the foreseeable future. But within the next five years NCR will be a shell of it's former self, broken up into pieces and sold for scraps. That's what happens to companies that forget its history.
I wouldn't mind learning a bit more about the Deeds Carillon in a future installment of "Thanks, Dayton."
I'll cue that one up for you this week! Here's a teaser:
Where else can you see the original 1905 Wright Flyer III, the world's first practical airplane and National Historic Landmark, the 1835 B&O (Grasshopper) steam locomotive, and the first automobile self-starter? Only at Dayton History's Carillon Historical Park, that's where!
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