BuildingWebsiteNews - Offshore Gambling 'Pioneer' Details Fall - The Associated Press

It shows the birth of offshore sports gambling, which by the early 1990s left behind the street bookies for a system where bettors could pick games from their home, making calls to a sports book in Central America with credit card in hand. Budin went to high school in Miami, where he began building an affluent client list, plying an illegal sports gambling trade by tapping his New York financial connections and using charm and street smarts. By the time he was in his 20s, Budin decided to enter the legitimate gambling world, so he began conducting gambling junkets for high-rollers in Las Vegas, where the vices mentioned in the title of his book proliferate. Budin and more than a dozen others, including his father, were charged with conspiracy for allowing thousands of people to bet on professional and college sports events, breaking a 1961 law making it a crime to use interstate telephone lines for gambling, and advertising their services on the Internet. read more

[Tags]gambling, sports, budin, bets, book, internet, buildingwebsitenews[/Tags]