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Columnist Buzz Daly: Jay Cohen Works Out; Bettors Take Advantage of Four-Second Delay

29 May 2000

Reprinted by permission from Buzz Daly's column, "Sports Book Scene," which appears three times weekly on the Web site www.buzzdaly.com.

The Life of Riley, for those unfamiliar with the term, means the good life, and that seems to be what the judge who presided over Jay Cohen's trial last February must be living.

Other than his relentless favoring of the prosecution, which got a guilty verdict on illegal bookmaking charges, a richly unwarranted decision in our opinion, the judge didn't appear to extend himself during the trial, according to sources.

Now it turns out that the judge was too busy to take 15 minutes and sentence Cohen on the appointed day, May 25. So, this overburdened hard working federal employee moved the sentencing date to June 29.

Reportedly, Cohen is disgusted with the whole episode, and would just like to get the process moving.

However, despite the judge's capriciousness, Cohen has his life on track. He is working, going to the gym, and preparing not only for sentencing but for an appeal of the miscarriage of justice he endured.

We're not going to go off on a rant about the judge, since that might be counterproductive. But we will provide a quote from Jay that reflects his feistiness and unshakable spirit: "I will never let them get me down, never. They can shake me, but not break me."

Off Shore Software Glitches. "There are strange things done in the midnight sun, by the men who moil for gold." That line from a Robert W. Service poem actually refers to Alaskan gold miners. But it could also refer to some off shore sharps who recently beat up a book pretty bad on cricket wagers.

That's right, a book got past-posted to the tune of lots of kubricks by a group that had an advantage of four seconds. In today's sports betting world, four seconds can be a lifetime, and these boys took full advantage. The bet they were making was on the "next man out" during cricket matches in England. The book received its information via a satellite feed with a four-second delay.

Our bettors were watching the event without such an impediment. Reportedly, they held their finger just above the keyboard, and as soon as there was a decision, hit the enter key to activate their wager.

It took the book a while to catch on, and it did honor the winning wagers, we've been told.

Here's a story with a different twist. It concerns our betting efforts with Grand Central (www.gcsports.com), so the numbers are much smaller than the previous item.

Recently, we made a reverse bet with two favorites, and got overcharged by $10 on the total amount bet, which is comprised of two if bets. The bets went down, and we didn't say anything about the $10 overcharge.

But the next day, right there among the new bet resolutions was a credit for the $10. The book couldn't explain what happened, but apparently its software is keyed for accuracy and catches its own mistakes, when it tallies up a bet.

We're not suggesting that bettors refrain from advising a book that it has made an error. But sometimes patience, or sloth, is its own reward.

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