Showing posts with label American. Show all posts
Showing posts with label American. Show all posts

Thursday, July 14, 2016

Friday, May 6, 2016

$241 Trillion combined world wealth

The combined wealth of all people in the world is $241,000,000,000,000 or $241 Trillion.

The median human on earth worths $4,000.
Which mean that half of all adults on earth have less than $4,000 to their name.

The average American net worth is $44,911.

More interesting facts:

Friday, January 15, 2016

Gambling Betting Odds Format Explained

Understanding the odds is the precondition of betting. 
Most online sportsbooks give their odds the American way that will usually confuse the non-initiated. However, once you have sighed-up, the sportbook will let you choose between decimal, fractional, or American odds.
My favorite, and by far the easier to understand and most logical, are the Decimal odds.

Here below are some basic explanations of the three types of odds.

1. Decimal Odds

This is probably the most popular and simpler format. Decimal odds are favoured in continental Europe, Canada and Australia. 
Formula: stake x odd = payout
If you put $100 on 1.50 odd, possible payout would be $150. including the $50 profit
These odds are considered to be best for parlay betting (accumulators), since the payout is simply the product of the odds for each outcome wagered on. Also, decimal odds are favoured by betting exchanges because they are most suitable for trading.

2. Fractional Odds

If the decimal odds are the most popular, fractional is definitely the oldest format. 
Differently from decimal format, they show the possible profit (stake is excluded). Odds of 2/1 (the way to say is “two to one”, or less commonly “two to one against”) imply that the bettor would have $200 profit on a $100 stake. If the odd is 1/2 (“one to two”, or “two to one on”), the bettor would have $50 profit on a $100 stake. Odds of 1/1 are also known as evens or even money.
Converting this format into decimal is very easy, just divide fraction and add 1 (1/2+1=1.50)
Fractional odds are also used in horse racing.

3. American Odds

American odds are, of course, the most popular at US bookmakers but are offered by most online sportsbooks as well. They’re also known as “money line odds” or “lines” and are different for favorites and underdogs.
If the odd is worse than even, the figure is negative and it shows how much money must be wagered to win $100. If the quoted odd is -200 (1.50 in decimal format and 1/2 in fractional), it means you have to put $200 to win $100.
If the odd is better than even, the figure is positive and it shows how much money will be won on a wager of $100. If the quoted odd is 300 (4.00 in decimal format and 3/1 in fractional), it means you will win $300 with a stake of $100.
Conversion American odd to decimal depends on whether it is negative or positive. If it is negative, take -100, divide it by US odd and add 1. (-200 will be -100/-200+1=1.50). If it is positive, just divide it by 100 and add 1 (300 will be 300/100+1=4.00). Same principle is with conversion to fractional format. If US odd is negative, take -100, divide it by the odd and then convert to fraction (-200 will be -100/-200=1/2). If it is positive, divide it by 100 and convert to fraction (300 will be 300/100=3/1).

Thursday, June 4, 2015

Al Capone business how to

Al Capone was taking in about $105,000,000 a year in revenues in the 1920's, or about 1.4 billion in today's dollars.

At 21 years old, he was an unknown bartender and bouncer. But by the age of 28, he was one of the richest and most powerful gangsters in the world. From these days, his name will forever synonymous with the word gangster.

It is estimated that by 1929, Al Capone's income from the various aspects of his business was $60,000,000 (illegal alcohol), $25,000,000 (gambling establishments), $10,000,000 (vice) and $10,000,000 from various other rackets. It is claimed that Capone was employing over 600 gangsters to protect this business from rival gangs.

Here is a very interesting text by

Business Advice from Uncle Al ... (Capone, That Is)
Al Capone might not have been your typical entrepreneur. After all, he was convicted of tax evasion and was actively involved in prostitution, bribery, smuggling and selling illegal booze. But just because his business wasn't legal doesn't mean Capone didn't know a thing or two about running a successful operation. In fact, Capone owned more than 300 businesses and knew how to get things done and command respect and loyalty from his employees.
In fact, Capone's business acumen may well have been one of his greatest assets, according to Deirdre Marie Capone, Al Capone's grandniece who lived in the house of her famous (and favorite) uncle. Capone, the last member of the family born with the Capone name, authored an explicit memoir that details her efforts to hide the fact that she was related to Capone and recounts her decision to eventually embrace her name and family history.
The book, "Uncle Al Capone…The Untold Story From Inside His Family" (Recap Publishing, 2011), tells many never-before-known facts about this iconic figure's life, death and business dealings.
In the book, she recalls what life was like as a child growing up in the Capone household and shares fond memories of the man who taught her to ride a bike, swim and play the mandolin. 
Capone said she knows what the "family" was really like, and what the "outfit" was all about. In her tell-all book, she shares details untold until now, including her claims that that Ralph (Al's older brother) and Al Capone lobbied the Nevada legislature to legalize gambling, alcohol and prostitution in that state; that they were the owners of the first upscale casino in Las Vegas way before Bugsy Siegel came to Vegas, and what really happened in the St. Valentine's Day Massacre.

In an exclusive interview with BusinessNewsDaily, Capone gives us some business tips that could have come directly from her notorious uncle.
  • You're only as good as your word. Al Capone ran a very efficient business, she said. He taught every person who worked for him: "Your word should be your bond."
  • Remember where you came from.When Al Capone saw one of his employees strut around acting like a big shot, he would tell him: "Don't let your head get too big for your hat."
  • Be honest with your business partners. Ralph and Al Capone needed to give orders just once to the employees and they were expected to do their jobs correctly. Al Capone would instruct them, "Don't lie to the people you work for."
  • Remember, it's never easy. Al Capone at one time ran more than 300 different establishments. When a reporter wrote about how easy it was for him to make money, he was quoted as saying. "Find out what it's like to run a business and meet a payroll."
  • Earn your customers' loyalty. Al Capone supplied good quality alcohol to the citizens in Chicago from 1920 to 1931 during Prohibition. He was quoted by a reporter as saying "Be loyal to friends and invincible to enemies."


Here is another interesting text named Mob Movie Lessons: The Untouchables published by Mr. Mafioso on

A kind word and a gun

In The Untouchables, Capone says: “You can get more with a kind word and a gun than you can with just a kind word alone.” This statement is the foundation of Capone’s kingdom. He ran Chicago and he took over the bootlegging racket because he was feared. I’m not saying violence is the answer, but what I am saying is that a Mafioso is feared. In the movie, Capone blows up a bar that wouldn’t buy his beer. What do you think the next bar owner is going to do? He’s going to buy Capone’s beer because he fears him. You don’t need to blow anything up, but people gotta understand that you mean business.

Bribe if need be

Another trademark of Alphonse Capone that was shown in The Untouchables was his success in bribing city officials. He knew where and when Eliot Ness was going to organize a raid because half the city’s police force was on his payroll. His men had permits to carry concealed weapons signed by the mayor. Why? Because the mayor was on his payroll. When he goes to court, the jury is paid off and the judge is paid off. Capone made sure that the city officials ran the city the way he wanted them to. He knew that whatever money was spent in bribing officials was a good investment. He was a master at bribing people, and Capone showed that bribery can go a long way.

Get the right people

After his first alcohol raid failed miserably, Eliot Ness realized he had the wrong people. His answer came from the Irish beat cop Malone (Sean Connery) who said: “If you don’t want rotten apples, don’t get them from the barrel — get them from the tree.” Ness couldn’t work with the Chicago police force because most of the force, including the chief of police, were being paid off by Capone. Instead, Ness and Capone go to the Police Academy to recruit "greenies" who hadn’t been corrupted yet. His crew was small, but Ness had the right people on board.

Cover all your tracks

Capone was good about keeping himself out of trouble; he covered his tracks well, but he didn’t cover all of his tracks. He hadn’t paid an income tax in years. In fact, Capone showed no income at all on his tax documents. It was this discovery that eventually brought him down on income tax evasion charges. Had he only showed a small income, had he but paid a small amount of taxes, the story of Al Capone might have ended much differently. He might have been around much longer and grown his empire much larger. That’s why you gotta cover all your tracks; you could go down because of the smallest thing. You can never be too thorough when covering your tracks.

stronzo scene

Alphonse Capone’s first big mistake was to publicly show off what he had accomplished. Instead of laying low and enjoying his position at the top of the Chicago food chain, Capone spoke to reporters constantly. He made sure everyone knew just how successful he was. He owned and lived in the Lexington Hotel. Everything he did was eccentric and extravagant. That was all well and good in Chicago, where he had even the Mayor on his payroll, but once the federal government took notice, his demise began. Run your rackets and keep your head low. Don’t make yourself a celebrity and your operation will last a lot longer, capisce?