Weed and gambling
Previously thought to be detrimental to people with gambling disorders, addiction specialists may now have to rethink their position on . Sep 07, · Kentucky's governor shoots down ideas of legalizing casino gambling and marijuana. Nevada Gaming Commission to hash over weed and casinos. It only says weed cannot be consumed in In an attempt to prevent guests from gambling too much when.
A brave new world of gambling and weed (commentary)
Maybe with sports gambling parlors and websites all around me, I'll bite on the hook. But Tvert says that the most important result of the city-level campaigns is that people in the state are thinking about legalization and at least hearing the arguments from their side. Are we finally going to solve all our school problems? The new marijuana law itself may also create issues for casinos regarding where guests can or cannot consume weed. Are we finally going to solve all our mass transit problems? A Supreme Court decision on Monday overturning a federal ban on sports gambling means that states can now legalize betting on football, basketball, baseball and hockey. Black Poison No known reliable data.
These Five States Could Legalize Marijuana in 2016
Legalized weed presents a number of problems for the gaming industry: State gaming laws and regulations specifically prohibit behavior by gaming licensees that would discredit the industry. Among the potential effects are licensing of key employees such as casino executives and the registration of front-line employees such as dealers and hosts, especially if they have business relationships with the marijuana industry. It could also affect vendors who work with both casinos and the marijuana industry, such as payment-processing firms or companies providing information technology services.
In many cases, these businesses also have to be licensed to do business with casinos in Nevada. The new marijuana law itself may also create issues for casinos regarding where guests can or cannot consume weed. However, smoking pot in public is a misdemeanor, and Hadfield said that unless officers spot another crime being committed, people caught smoking pot in public will be cited given a ticket and sent on their way. It only says weed cannot be consumed in a public place or a moving vehicle or a marijuana store.
What makes a space public in this context is uncertain. Is a hotel room that can be rented to anyone a public space? Is a meeting room or convention space public if it is rented to a specific group and not open to the general public while that group is using it?
When asked how the company is dealing with customers who use marijuana, a Station representative said it is deferring to the Nevada Gaming Control Board and the Nevada Gaming Commission. A Caesars Entertainment representative said his company prohibits marijuana use anywhere on their Nevada properties and has posted signs throughout their resorts so customers know the rules. Burnett said that despite the confusion about some of the details, gaming companies and regulators agree that federal and state law must be observed.
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On Friday, Nevada lawmakers adjourned without voting on a petition submitted by residents to legalize marijuana and regulate it like alcohol. That means the initiative is going on the ballot in , making Nevada the first state to officially be voting on pot legalization in the next election.
The Brief Newsletter Sign up to receive the top stories you need to know right now. Here are the four other states that marijuana law reformers are betting will have legalization votes on the ballot in Issues like production limits and whether home-growing is allowed can divide voters and established medical marijuana businesses.
If an initiative passes there, advocates will trumpet it as evidence that legalization has wide bipartisan appeal. So far, legalization has taken root in Western liberal coastal states and libertarian mountain states. Conservative voters, which outnumber liberals in Arizona, are less likely to support recreational pot. But they are moving in that direction. Young Republicans are driving the charge, with 6 in 10 of them siding with those who want to make weed legit. And young voters are more likely to turn out in a presidential election year like In , Ron Paul won the majority of Republican delegates in Maine, a state next door to the one where Mitt Romney was governor.
Which is to say: Voters in two Maine cities have also proved willing to legalize marijuana in largely symbolic votes in recent years. The vote in Portland happened in , making it the first city on the East Coast to pass such a measure.
The smaller city of Lewiston voted against a similar measure last year. But Tvert says that the most important result of the city-level campaigns is that people in the state are thinking about legalization and at least hearing the arguments from their side. Voters in Massachusetts also have marijuana fresh in their minds.
Odds are a numerical expression, usually expressed as a pair of numbers, used in both gambling and statistics. In statistics, the odds for or odds of some event reflect the likelihood that the event will take place, while odds against reflect the likelihood that it will not. In gambling, the odds are the ratio of payoff to stake, and do not necessarily reflect exactly the probabilities. Odds are expressed in several ways see below , and sometimes the term is used incorrectly to mean simply the probability of an event.
In both gambling and statistics, the 'odds' are a numerical expression of the likelihood of some possible event. In gambling, odds represent the ratio between the amounts staked by parties to a wager or bet. In simplest terms, 6 to 1 odds means if you bet a dollar the "1" in the expression , and you win you get paid six dollars the "6" in the expression , or 6 x 1. If you bet two dollars you would be paid twelve dollars, or 6 x 2.
If you bet three dollars and win, you would be paid eighteen dollars, or 6 x 3. If you bet one hundred dollars and win you would be paid six hundred dollars, or 6 x If you lose any of those bets you would lose the dollar, or two dollars, or three dollars, or one hundred dollars.
In statistics, the odds for an event E are defined as a simple function of the probability of that possible event E. One drawback of expressing the uncertainty of this possible event as odds for is that to regain the probability requires a calculation. The natural way to interpret odds for without calculating anything is as the ratio of events to non-events in the long run. A simple example is that the statistical odds for rolling six with a fair die one of a pair of dice are 1 to 5.
This is because, if one rolls the die many times, and keeps a tally of the results, one expects 1 six event for every 5 times the die does not show six. For example, if we roll the fair die times, we would very much expect something in the neighborhood of sixes, and of the other five possible outcomes.