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February 06, 2004
Every Rose Has Its Thorn: Online Gambling
Posted by Nick
At TG we've been pounding the steroid/performance enhancement and the sabermetrics debates for a bit, so I want to turn to a new but equally ire-inspiring topic: Pete Rose.
There's a terrific piece (subs. req.) in the Wall Street Journal today on Rose and John Dowd , the lawyer who investigated Rose's gambling. Dowd still talks about Rose from time to time, usually when he's asked by the press.
Rose was a terrific ball player but he is the textbook definition of a moral failure. I say this not because he gambled -- I like gambling. Or that he gambled on baseball -- I like that, too. But his pathological lying about it after he was caught and his total absence of any remorse make you wonder if he's human.
Still, I wonder if Pete had played -- and gambled -- a generation later, would he have been caught? Gambling online is a legal enterprise, and there's far greater anonymity than when one must deal with shady bookies (not that all bookies are shady, mind you). I wonder if the temptations are greater today now that a bet is just a mouse click and a data message to the Caymans away.
Dowd, by the way, is pretty sure Rose bet against his own team. If that's true -- and why should we suspect it's not? -- what a lowlife.
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1. Brad Hutchings on February 6, 2004 05:32 PM writes...
If we ever have another "Pete Rose", that guy will be a phenominally bigger idiot than Pete. Today's superstars are making so much money, why would they risk betting? Rose was reportedly betting about $8000/day on baseball in the spring of '89. What would that be in today's baseball dollars? Maybe $100K give or take?
Let's say someone had a propensity for winning those sized off-shore bets. How long would that activity stay anonymous? Even the legal on-shore establishments don't like to lose. Read Mezrich's "Bringing Down the House" or the condensed Wired version: http://www.wired.com/wired/archive/10.09/vegas.html
But hey, isn't multi-zillionaire Martha Stewart on her way up the river over $50K? Whoulda thunk?
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