Bob Cook nailed it: Making bets legal everywhere would create oversight, transparency. (two pages)
Caveat Bettor will appreciate, I’m sure.
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Meta
NBA Commissioner Stern insisted allegations a former referee bet on games marked an isolated case. The FBI is investigating Tim Donaghy for allegedly betting on games he officiated during the last two seasons.
http://online.wsj.com/article/SB118528938862776214.html?mod=rss_whats_news_us