Oil Spill Stopped, Gamblers May Lose All Animal Extinction Bets

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On Thursday there were two major developments that may allow US President Barack Obama to sleep easier in the coming weeks. The Senate passed long-anticipated financial reform, and BP finally has had the oil leak stop flowing.

The only bad news coming from the stoppage of the oils spill may be for gamblers who placed wagers at online sports books involving the oil spill. Months ago, several online gambling sites posted odds on which animals would become extinct because of the spill.

The odds on the Kemp's ridley turtle were the strongest because the turtles are known to migrate to the gulf in the spring. The Kemp's ridley turtle had 9/5 odds. The Bluefin Tuna is second on the list with 6/4 odds.

"It is very fortunate that BP was finally able to find a way to stop the oil from flowing," said Gaming Analyst Steve Schwartz. "On the other hand, it looks as though the sports books will again beat the public. Even with something completely out of the realm of sports, such as the oil spill, the sports books find a way to win."

This is not the first time that online gambling sites have offered odds on off the collar issues. In recent years, betting on political elections and celebrity train wrecks have become commonplace at sports books all across the world. Reality television shows such as American Idol and Dancing with the Stars have also created a stir among bettors.

Lindsay Lohan has been one of the celebrities that has been receiving betting action. Sports books have posted odds on whether she will violate her probation, and who her next boyfriend/girlfriend will be.

July 16, 2010
Posted By April Gardner
Staff Editor, CasinoGamblingWeb.com
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