Bad Bet

Mathew Carver is a Kentucky bloodstock breeder. The reader is immersed in the world of racing: the bloodstock sales at Newmarket; countryside of Normandy; Bluegrass of Kentucky; and mansions of Virginia. Racing’s aristocracy and its hard men, the touts, fraudsters, stable lads, tipsters and jockeys all provide action with many sub-plots.

"Bad Bets" exposes the false promise of economic revival that has lured communities to depend on gambling for jobs and for a fiscal fix, and the criminal connections of many of its leading companies.

Louisiana is our most exotic state. It is religious and roguish, a place populated by Cajuns, Creoles, Rednecks, and Bible-thumpers. It is a state that loves good food, good music, and good times. Laissez les bons temps rouler -- let the good times roll -- is the unofficial motto. Louisiana is also excessively corrupt. In the 1990s, it plunged headlong into legalized gambling, authorizing more games of chance than any other state. Leading the charge was Governor Edwin Edwards, who for years had flaunted his fondness for cold cash and high-stakes gambling, and who had used his razor-sharp mind and catlike reflexes to stay one step ahead of the law. Gambling, Edwin Edwards, and Louisiana's political culture would prove to be a combustible mix. Bad Bet on the Bayou tells the story of what happened when the most corrupt industry came to our most corrupt state. It is a sweeping morality tale about commerce, politics, and what happens when the law catches up to our most basic human desires and frailties.

We are a nation of gamblers: pari-mutuel wagering at horse tracks; blackjack in Las Vegas; the NCAA basketball office pool; even day trading on the internet. Gambling is both our national pastime and our predominant cultural metaphor -- play the field; beat the odds; take a chance on love. Yet gambling poses serious risks to individuals and to society as a whole. Neil Isaacs -- sports historian, licensed clinical social worker, English professor, and a gambler himself for more than fifty years -- seeks to shatter the myths interfering with our understanding of gambling addiction, its causes, and its treatment. He begins by systematically debunking several commonly held beliefs, demonstrating that there is no such thing as the law of averages, that gambling is not inherently sinful, immoral, or criminal, and that money is not always the prime motivator for gamblers. Isaacs shows how habitual gambling can lead to compulsive gambling, but avoids oversimplifying this condition. Arguing against a undifferentiated interpretation of pathological gambling as a simple impulse control disorder, he draws examples from fiction, film, and his own practice to demonstrate additional ways gambling can be abused. A radical departure from established views, You Bet Your Life identifies the costs -- in dollars, people, families, and credit ratings -- of society's failure to address adequately the burdens of gambling.

The most comprehensive reference book on betting and gambling on the market with over 1200 cross referenced entries. It explores the history, systems, theory, law, word origins and slang as well the scandals, scams and the huge array of unforgettable characters and audacious coups.

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