Secrets of Profitable Football Betting

Forget who will be successful the match, we can bet within the rating at half time, who will score first, the quantity of bookings as well as the number of corners. Improved obtain to new betting markets and the speed and simplicity of on the internet betting has elevated this recognition even additional. These ‘fringe’ markets open up wonderful alternatives for those of us wanting to make income in football betting. I stay convinced there is certainly good likely to produce money on Betfair in football betting because you can find so many what I phrase ‘mug punters’ and ‘fan punters.’ These are the individuals who, in spite of every thing the kind and statistical files is there to reveal to us, will back again their favourite crew inside the hope they’ll by some means snatch a acquire. Sadly, extremely minor has delivered aside from in the short phrase. A be aware of caution right here – as at all times, a sound approach and system is expected or your chance and publicity can get out of hand betting this fashion!

Sports Betting

Author’s Bio: 

Betting on football – or soccer as we English name it – is 1 with the most popular gambling markets from the globe. Extremely often you won’t even recognise the team names or even their countries of origin! This doesn’t matter certainly as the web contains each of the information you need to see for making sound betting conclusions on and make a profit on these obscure video game titles. But is it probable for making a income betting the football markets on Betfair?

The selection of betting trade football betting isn’t just concerning the globally coverage, it’s regarding the assortment of outcomes we can bet on. They may be ignored by many other gamblers but together with the proper method and entry to some info it’s uncomplicated to spot traits and build successful methods for Betfair round these.

Around the past couple of years I’ve examined many methods intended to develop earnings on Betfair. These can be much less ‘liquid’ on Betfair meaning there may be much less income flowing all-around but this could also perform in your favour in finding worth bets.

Faustino Pereria is an experienced business coach and management consultant with Business Growth Accelerators, specializing in growing retail and service industry businesses, and professional practices.

In addition as the conventional means of putting a bet earlier than kick off we may now bet in execute on several matches. This opens up a different dynamic as we are able to reply to and business away bets because the game unfolds. This creates a strong industry for those people of us prepared to lay their ‘no hope’ staff for the great value!.

The sheer quantity of football video game titles on which we will now bet on Betfair opens up a huge likely market place all twelve months round

Alabama’s Nick Saban says satellite camps are ‘bad for college football’

If they have a prospect, they can have a camp. “I’m saying it’s bad for college football. Harbaugh can do whatever he wants to do if he thinks that’s what’s best. There needs to be somebody who looks out for what’s best for the game, not the SEC or the Big Ten or Jim Harbaugh. There needs to be a [college football] commissioner.”

“They should come [to Florida],” McElwain said. That’s bigger than all this. And who gets exposed on that? I go to a camp and talk to some guy I don’t know from Adam’s house cat, and he’s representing some kid cause he’s putting a camp on, and then I’m in trouble for talking to this guy.”

“Anybody can have a camp now. We have to worry about our players doing the right things with the limited time we have them, but we’re not going to do that because we have to be somewhere else to see someone else.”

“I’m not blaming Jim Harbaugh,” Saban said. However, in April the NCAA overturned the ban and ruled that satellite camps would be allowed.

Saban was asked whom he would want as commissioner.

“I don’t have a candidate,” Saban said. “It’s as good of [high school] football as there is in the country.”

. “That’s why we have a combine and all these other things.

Saban also questioned who keeps track of whether players paid for the camps and what, if any, compliance people are involved.

“Creating all these third parties. “I’m not into politics.”

Florida coach Jim McElwain has a unique perspective because 10 of the SEC’s other 13 schools participate in satellite camps in the Sunshine State.

“Until this satellite camp issue came up, you still had to go to the high school, go through the coach, and players came to your camp if they were interested in learning,” Saban said. It would be similar to pro days for juniors and seniors and would allow NFL scouts to better evaluate those players.

Saban blasted satellite camps because they incorporate third parties into recruiting and there aren’t any guidelines.

Saban has never been a fan of satellite camps, characterizing them as “ridiculous.”

“If you ask the NFL, ‘How can we maintain trust with our players when you’re giving us inaccurate information?’ their response is, ‘We don’t know enough about the guys to really give you the information, because all we can really go on is film evaluation,’” Saban said at the SEC annual meetings. The integrity of the game.

The SEC had banned its coaches from participating in satellite camps, and the NCAA followed with a satellite-camp ban.

Under current NCAA rules, once underclassmen declare for the NFL draft, they lose their remaining eligibility.

Saban has the opposite viewpoint on satellite camps as Michigan coach Jim Harbaugh, who has embraced them like no other coach.

Information from The Associated Press was used in this report. There have been no specific guidelines relative to how we’re managing control of this stuff. Then you’re expected to go to that camp and they can use you to promote their camp because Ohio State is coming, Alabama is coming, whoever else is coming.

McElwain obviously would prefer that other schools didn’t recruit in Florida, but he knows that’s not realistic.

After initially saying he would not discuss satellite camps, Saban went off in a five-minute rant that would have made Howard Beale proud, comparing the satellite camps to “the wild, wild West.”

Saban and Arkansas’ Bret Bielema believe a combine for underclassmen could help solve the problem. What do they do with the money? And who makes sure the kid paid to go to camp?

“Why should we be promoting anybody else’s camp anywhere? All we’re doing is allowing all these other people that we spend all of our time at the NCAA saying you can’t recruit through a third-party person, and that’s exactly what you’re doing.

MIRAMAR BEACH, Florida — Alabama coach Nick Saban made one thing crystal clear Tuesday at the SEC spring meetings: He is not a fan of satellite camps.

“This is the wild, wild West at its best. We want accurate information when that’s all said and done in December.”

Among other topics Saban touched upon Tuesday, he said he would like to see underclassmen who leave school early have the option of returning after testing their prospects for the NFL draft, similar to what happens in college basketball.

“It’s bad for college football,” Saban said.

“All the people that say this is creating opportunities for kids, this is all about recruiting,” Saban said. “By doing what we’re doing now, we’re doing what we do in every other sport that we’re complaining about every day — AAU basketball and all this.

“The coaches, players and people who play it. Now who does that? Now because we have the Power 5, everyone is doing what they want. “That’s what it’s about.

“Someone sponsors the camp, they pay them the money. But what’s best for the game of college football. It’s happening outside the normal evaluation window, which means we’re taking time away from our players

Entries in long-hidden notebook show Pete Rose bet on baseball as player

Attorney’s Office internal memorandum from 2000 that requested the spiral notebook’s transfer said Bertolini’s closed file has “sufficient historical or other value to warrant its continued preservation by the United States Government.” The memorandum listed among its attachments a copy of the notebook, but a copy of the memorandum provided by the National Archives had no attachments and had a section redacted.. So Barney and Flynn, posing as a couple looking for a home, called a real estate agent and were given a guided tour of Bertolini’s house. The U.S. The documents go beyond the evidence presented in the 1989 Dowd report that led to Rose’s banishment and provide the first written record that Rose bet while he was still on the field.

“We knew that [Bertolini] recorded the bets, and that he bet himself, but we never had his records. The man’s name was Michael Bertolini, and the business he ran out of his home was called Hit King Marketing Inc.

“The rule says, if you bet, it doesn’t say for or against. Dowd’s investigation had established that Rose was hundreds of thousands of dollars in debt at the time he was banished from the game.

On Oct. And that is a very powerful problem,” Dowd said. Attorney’s Office seeking access to the book. [The mob] had a mortgage on Pete while he was a player and manager.”

“It was a mere ‘failure to render [services]‘ complaint,” said Barney, who is now retired. “[Ohio bookie] Ron Peters is a golf pro, so he’s got other occupations. All were denied on the grounds that the notebook had been introduced as a grand jury exhibit and contained information “concerning third parties who were not of investigative interest.”

“This does it. “I was taken aback.”

For 26 years, Pete Rose has kept to one story: He never bet on baseball while he was a player.

It was immediately clear that the many notations of “PETE” in the pages represented Pete Rose.

Barney sent an agent to drive by the address. He refused to give them to us,” Dowd said. They took any records I had whatsoever, and they took different personal belongings and memorabilia from my home.”

Dowd said he wished he’d had the Bertolini notebook in 1989, but he didn’t need it to justify Rose’s banishment. “This is the final piece of the puzzle on a New York betting operation with organized crime. But the boys in New York are about breaking arms and knees.

In April, Rose repeated his denial, this time on Michael Kay’s ESPN New York 98.7 FM radio show, that he bet on baseball while he was a player. 13, a few days after the undercover house tour and after obtaining a search warrant, they searched Bertolini’s home and found evidence that would lead to numerous convictions. Postal Inspection Service in October 1989, nearly two months after Rose was declared permanently ineligible by Major League Baseball. It’s impossible to count the exact number of times he bet on baseball games because not every day’s entries are legible.

Dowd, who reviewed the documents at Outside the Lines’ request, said his investigators had tried but failed to obtain Bertolini’s records, believing they would be the final piece in their case that Rose was betting with mob-connected bookmakers in New York. It’s another device by Pete to try to excuse what he did,” Dowd said. On Monday morning, MLB officials declined to comment about the notebook.

“I wish I had been able to use it [the book] all those years he was denying he bet on baseball,” said Flynn, the former postal inspector. “It reeked of fraud,” Barney said.

The timing for Rose, who played in 72 games in 1986, isn’t great. There was a for sale sign out front, the agent told him. I need to maintain that. District Court in Brooklyn six years later (he served 14 months for tax fraud and a concurrent assault sentence):

The documents are copies of pages from a notebook seized from the home of former Rose associate Michael Bertolini during a raid by the U.S.

“There were numbers and dates and — it was a book for sports betting,” Barney said. Dowd and his team had sworn testimony from bookie Ron Peters that Rose bet on the Reds from 1984 through 1986, but not written documentation. That came during his worst week of the four-month span, when he lost $25,500.

The documents obtained by Outside the Lines, which reflect betting records from March through July 1986, show no evidence that Rose, who was a player-manager in 1986, bet against his team. For 26 years, the notebook has remained under court-ordered seal and is currently stored in the National Archives’ New York office, where officials have declined requests to release it publicly.

To Dowd, one of the most compelling elements of the newly uncovered evidence is that it supports the charge that Rose was betting with mob-connected bookies through Bertolini. That meeting likely will come sometime after the All-Star break. That gave them probable cause to seek a search warrant.

o But on 21 of the days it’s clear he bet on baseball, he gambled on the Reds, including on games in which he played.

o Most bets, regardless of sport, were about $2,000. We tried to get them. It looked to them as if Bertolini had been signing memorabilia with the forged names of some of the most famous baseball players in history: Willie Mays, Hank Aaron, Duke Snider, Mike Schmidt and Pete Rose. Dowd recently met with MLB CIO and executive vice president of administration John McHale Jr., who is leading Manfred’s review of Rose’s reinstatement request, to walk McHale through his investigation. One Executive Tools Spiral Notebook.” Two small boxes of other items confiscated in the postal raid on Bertolini’s house went too, including autographed baseballs and baseball cards.

Although the 1989 raid on Bertolini’s house received immediate news coverage, nothing about a betting book became public for five years. He placed his financial interest ahead of the Reds, period.”

“The implications for baseball are terrible. Both agents, former supervisor Craig Barney and former inspector Mary Flynn, said the records were indeed copies of the notebook they seized.

Flynn, who said her first reaction was “Holy mackerel,” said they asked Bertolini about the notebook.

But Rose’s supporters have based part of their case for his reinstatement on his claim that he never bet while he was a player or against his team, saying that sins he committed as a manager shouldn’t diminish what he did as a player.

Last year, Outside the Lines again applied unsuccessfully for access to the notebook but learned it had been transferred to the National Archives under a civil action titled “United States v. This closes the door,” said John Dowd, the former federal prosecutor who led MLB’s investigation.

Bats, balls, books and papers were scattered all over. “We didn’t know anything about Bertolini or his connection [to Rose].”

Outside the Lines tracked down two of the postal inspectors who conducted the raid on Bertolini’s home in 1989 and asked them to review the documents. Therefore at this point, it’s not appropriate to comment on any specifics.” Bertolini’s lawyer, Nicholas De Feis, said his client is “not interested in speaking to anyone about these issues.”

“Bertolini nails down the connection to organized crime on Long Island and New York. They provide a vivid snapshot of how extensive Rose’s betting life was in 1986:

“He wasn’t forthcoming with much information,” she said, “but he did acknowledge to me it was records of bets he made for Pete Rose.”

But new documents obtained by Outside the Lines indicate Rose bet extensively on baseball — and on the  Cincinnati Reds – as he racked up the last hits of a record-smashing career in 1986. The largest single bet was $5,500 on the Boston Celtics, a bet he lost.

If the accusation was true, it would constitute mail fraud, but the agents had no probable cause to search Bertolini’s house.

“I got a call at the place where I was working at the time from my brother, and he says, ‘You should come home.’ He said, ‘There’s a bunch of government people here, and they’re here for you.’ At the time, I think it was Mary Flynn of the postal inspector’s office who got on the phone and said, ‘We’re here,’ and she told me why and so forth. But one item stood out: In a box of papers in the basement, Barney said, was a spiral notebook filled with handwritten entries.

o In the time covered in the notebook, from March through July, Rose bet on at least one MLB team on 30 different days. “It was such a mess. Dowd also had testimony and a recorded phone conversation between Bertolini and another Rose associate, Paul Janszen, that established that Bertolini had placed bets for Rose. But Dowd never had the kind of documents that could cement that part of his case, especially in the eyes of fans who wanted to see Rose returned to Major League Baseball.

When the case began, it didn’t look particularly enticing, Barney said. “He’s a liar.”

The two inspectors spotted an item that a complainant said had not been returned. In March of this year, he applied to Manfred for reinstatement. “But when he bet, he was gone. “Never bet as a player: That’s a fact,” he said.

In April, Outside the Lines examined the Bertolini memorabilia kept in the National Archives’ New York office, but the betting book — held apart from everything else — was off-limits. And, of course, [Rose] betting while he was a player.”

Freelance researcher Liam Quinn contributed to this report. Their authenticity has been verified by two people who took part in the raid, which was part of a mail fraud investigation and unrelated to gambling. To be sure, I’m eager to sit down with [MLB commissioner Rob] Manfred to address my entire history — the good and the bad — and my long personal journey since baseball. There was stuff everywhere,” Barney said.

Bertolini offered his take on the raid during his sentencing hearing in U.S. The postal inspector’s office in Brooklyn, New York, had received a complaint that a man in Staten Island had failed to return goods to paying customers that he was supposed to have autographed. After Bertolini pleaded guilty and received a federal prison sentence, Sports Illustrated, The New York Times, ESPN and other news organizations filed freedom of information requests with the U.S. Under MLB Rule 21, “Any player, umpire, or club or league official or employee, who shall bet any sum whatsoever upon any baseball game in connection with which the bettor has a duty to perform shall be declared permanently ineligible.”

o Rose bet heavily on college and professional basketball, losing $15,400 on one day in March.

Yes, he admitted in 2004, after almost 15 years of denials, he had placed bets on baseball, but he insisted it was only as a manager.

Rose, through his lawyer, Raymond Genco, issued a statement: “Since we submitted the application earlier this year, we committed to MLB that we would not comment on specific matters relating to reinstatement

Other Football Blogs ~ OLBG Betting Blogs

Find the Market Man’s blog on Group E here…. 33. more

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 By Micko70 in Other Football

OLBG ran a series of blogs to cover each group at the Euro 2016 finals, and have chosen a similar venture for the European groups of the 2018 World Cup. more

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Serie A Gameweek 3 Betting Tips

 By ibfm23 in Other Football

 By The Market Man in Other Football

World Cup 2018 Qualifying – Europe Group D

World Cup Russia 2018 – Qualification Group E Preview, Squad Reviews, Head-to-head Stats,

27 August 2016 14:59

World Cup 2018 Qualification – Group G

World Cup 2018 Qualifying – Europe Group A (Updated Sept 3rd)

 By davidg3907 in Other Football

8 September 2016 15:25

1 September 2016 11:18

26 August 2016 22:26

4 September 2016 18:00. Germain made the quarter finals last season.

There are 9 UEFA qualifying groups for the 2018 World Cup in Russia comprising of a total of 52 teams. They also arguably outplayed Real in Madrid despite losing 1-0…. more

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The 2018 World Cup takes place in Russia but the qualifying starts in September 2016. In order of the FIFA World Rankings, the teams involved are Poland, Romania, Denmark, Montenegro, Kazakhstan and Armenia…. OLBG have asked me to blog on Group H which consists of the following teams; Belgium, Bosnia & Herzegovina, Greece, Estonia, Cyprus and Gibraltar. more

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UEFA Champions League; Where’s The Value Now The Draw Is Complete?

World Cup 2018 Qualifying Group H Preview

Champions League; where’s the value after the draw?

Group A

PSG; 16/1 BetStars

Paris St.

Blogs for the other groups can be found here

The first real difference is that there is a mid-session break, for want of a better term, with 4 rounds being played from September to November, before resuming in March…. They only conceded one goal in Group A, a joint record in Champions League history. 2 September 2016 10:50

31 August 2016 11:14

Underrated Sassuolo no easy ride

I was really surprised at the price on Juventus to beat Sassuolo ranging between 1.

In this blog i am looking at Group G, which consists of the following nations –

Spain, Italy, Albania, Israel, Macedonia & Liechtenstein

Only the top nation will guarantee themselves a place in Russia, the best 8 placed runners up will then play in a 2 legged play off with the winners of those 4 ties also going to Russia…. They also successfully qualified for the group stages of the Europa League beating Red Star Belgrade in the final qualifying round…. more

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OLBG have tasked their resident bloggers to assess the chances of each World Cup 2018 qualifying group. more

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 By bobslay13 in Other Football

Following on from the success of OLBG’s Euro 2016 blogging assignments, fellow blogger Micko70 came up with the idea of something similar for the European World Cup qualifying campaign which gets underway in the first week of September. more

Read Blog

World Cup Russia 2018 – Qualification Group E preview, squad reviews, head-to-head stats

This is the World Cup 2018 Group E Qualification blog. 29 to 1. I’ve been tasked with looking at Group A and as well as a look at the six teams involved, this blog will be updated before each matchday to identify any new long term bets and to briefly preview the matches ahead…. You can find International Tips from the OLBG community here. Remember that although Di Francesco’s side have 3 points the Neroverdi actually won both matches but the Pescara result was overturned to a 3-0 defeat after they fielded an ineligible player. This was a very impressive feat considering they were grouped with Real Madrid and Shakhtar Donetsk, both teams who are capable of scoring heavily in Europe

Advice on Sports Betting

A betting plan must typically be from 1% to 2% for a method that entails you to enlarge your gambles after a slaughter and from 5% to 10% for a method that remains level bets at all instance. To know about different sports betting techniques visit this link.

The most significant piece of games betting suggestion I can provide you is – find a scheme that is a confirmed victor. The accessible funds must be ample enough to coat any trailing stripe you may have and sufficient to gradually pick up flipside into profit.

If are not somebody who can waited restricted and alerted on whatsoever betting approaches you are with then you ought to not even think taking it up as a severe alternative.

Sports betting champ provide unique content related to betting which will guide you on your journey toward a perfect bettor. Afforded your method is a winner and your gambling pool and gambling plan is appropriately worked out inside that scheme, then ultimately your losing stripe will twist around and your method will become lucrative once more. This is a vital piece of games betting guidance.

Becoming triumphant at gambling on games is attainable but having an approach and fastening to it is vital for that to occur. It must not be also complex. If your methods are so perplexing that you are unsure you are receiving it precise then, noticeably it is useless to you.

Choose a system which is already proved

Discipline

Author’s Bio: . It should be one that has revealed to return constantly over a long phase of instance. It is when effects start to go erroneous and you have go on boarded upon a trailing stripe that the regulation of sticking to your scheme and staying inside your betting plans suits the most hard thing to do. Here are presently a few oddments of sports gambling guidance that will assist you return from this potentially productive marketplace.

Betting Through Bank

Your gambling bank or staking arrangement must be worked out in combination with your gambling methods

All Bets Are Off On ‘Survivor’

Most offshore sportsbooks accept such alternative bets, said BoDog’s Bradley.

An online sportsbook said it has dropped betting on CBS’ “Survivor” after allegedly finding that network employees were wagering – and winning – on the hit reality show.

The Costa Rica-based BoDog.com found at least two CBS employees betting on the show’s outcome, said BoDog spokesman Lance Bradley. “Some have been right, many have been wrong.”

They wagered correctly on who would be the final two contestants in both the fourth and fifth editions of “Survivor,” Bradley said. All Rights Reserved. The suspicion is they had insider knowledge, he said.

The show narrows the field to two finalists in filmed competitions. Bradley said that bets taken from those alleged to be with CBS skewed the odds significantly on “Survivor” contestants.

He wasn’t aware of any other possible legal sanctions.

Odds will be offered on the seventh “Survivor” but all bettors will be carefully monitored, BoDog President Rob Gillespie said in a statement.

The players’ current bets on “Survivor: Amazon” have been canceled and their money refunded, Bradley said. This material may not be published, broadcast, rewritten, or redistributed.

. The biggest payoff, $8,000, came on a $1,000 bet placed on the fifth “Survivor” at 8-to-1 odds.

For the current “Survivor,” the bets in question affected the odds for contestants Jenna Morasca of Pittsburgh, Pa., and Matthew Von Ertfelda of Washington, D.C.

Betting on events other than sports or racing is banned in Las Vegas sportsbooks, a spokeswoman for the Nevada Gaming Control Board said Thursday. One person was said by BoDog to work in a “production role” for CBS.

By Lynn Elber

“Throughout the history of ‘Survivor,’ many have believed they knew the outcome of the show,” Ender said. The players in question opened accounts with BoDog before “Survivor: Marquesas,” the fourth show, and bet only on the show and no other events.

Callers to the Bodog.com offices were told that wagers were no longer being accepted on “Survivor.”

“Only ‘The X-Files’ has more conspiracy theories than ‘Survivor,’” CBS spokesman Chris Ender said. The winner is unknown until he or she is chosen in a vote by other contestants during a live broadcast.

© 2003 The Associated Press. Asked if BoDog might consider legal action, he replied: “It’s not something we’d want to pursue, as a matter of precedent.”

“We’re pretty sure this is the case,” Bradley said. BoDog requires that bettors must not have knowledge of an event’s outcome. He declined further comment on the allegations, or on any action CBS might take.

At least two players have been identified as CBS employees and other names may be connected to the network or may be aliases, Bradley said

Arbitrage Spreads | Reuters.co.uk

dollars.

The Target Price is the latest trading price (delayed by at least 15 minutes) for the Target company’s shares.

The following table shows the arbitrage spreads for proposed mergers and acquisitions of global companies. Historically, the wider the spread, the more investors doubt a deal will close.

All Deal Value, Target Price, and OPPS figures are converted to U.S. . If the offer terms include a stock component, the offer price per share will fluctuate based on the share price of the acquirer.

Arbitrage spreads measure the difference between the offered takeover price and the target company’s current trading price.

The Offer Price per Share (OPPS) is the amount the acquirer offered for each share of the target company

Gambling – advice for family and friends

Do not lend EFTPOS or credit cards or share ‘pin’ numbers, or leave that information where it can be found. It is important to protect yourself from any harm that may arise from your family member or friend’s problem with gambling.

Seek legal, financial and other advice to explore your options.

Decide if you can manage the gambler’s money. Talk to trusted people who will not judge you or the person that gambles.

You cannot force them to stop gambling. They may feel out of control, embarrassed or ashamed.

The gambling is the problem, not the person.

You are not to blame for their behaviour. You can convey a willingness to support them. Contacting a gambling counsellor is a good place to start.

Coping with a loved one’s problem gambling can be very distressing. Talk with a professional who understands problem gambling if you are starting to experience overwhelming sadness, anxiety or anger. 13 11 14

SuicideLine Victoria Tel. There are Gambler’s Help services available throughout Victoria, which provide:

Spending time with others socialising can relieve stress.

Photocopy (and keep in a safe place) copies of important documents such as house title, marriage and birth certificates, and tax file numbers.

Don’t sign anything you don’t understand or are not prepared to pay for. 1800 858 858, TTY 1800 777 706 – 24-hour telephone counselling service

Gambling Help Online – for problem gambling counselling and support (Australia-wide), 24 hours, seven days

Gamblers Anonymous Tel. Coping with a family member or friend’s gambling behaviour can be exhausting. It won’t work and will make you unhappy. You don’t need to talk about your concerns if you don’t want to. Having time out to do things you like can stop you from getting consumed by someone else’s gambling.

Confide in people you trust

Friends or family members can often feel isolated and alone. It may be helpful to seek support from others. Consider talking frankly to other affected members of the family so you can support each other.

Counselling or self-help groups can assist you in making decisions about your relationship.

A healthy diet, regular exercise and adequate rest can improve your wellbeing, and increase your resilience to stress. A gambling counsellor can help you avoid a bad credit history if you have joint credit or loans with the gambler.

Take control of finances, for example, organise direct debits for bills, mortgages and regular debits, and limit access to cash.

No matter what you say or do, ultimately the only person who can stop gambling is the gambler. Information about a therapy, service, product or treatment does not imply endorsement and is not intended to replace advice from your doctor or other registered health professional. Do not help them lie and deceive.

Practical steps to avoid financial harm

Content Partner

In most cases, people who have a gambling problem have difficulty handling money when gambling opportunities exist. General suggestions include:

Seek professional advice about how to protect your family’s assets and income.

Do not lend the gambler money.

Do not pay the gambler’s debts.

Budget and allow each member of the family some spending money, including the problem gambler.

Seek support for yourself

Page content currently being reviewed.

Content on this website is provided for education and information purposes only. If not, you may need to maintain separate bank accounts and credit cards.

Remove your name from joint accounts to avoid inheriting the gambler’s debt. Communicate your feelings carefully and openly. For example, let them deal with creditors and their employer. Consider talking frankly to other affected members of the family so you can support each other.Socialise with others

This page has been produced in consultation with and approved by:

Victorian Responsible Gambling Foundation

.

It’s not your fault

Problem gambling can strain relationships. A gambling counsellor can give you other suggestions on how to look after yourself.Making decisions about your relationship

You may need to put emotional and physical distance between yourself and the gambler. Content has been prepared for Victorian residents and wider Australian audiences, and was accurate at the time of publication. Suggestions include:

Inform the gambler of the negative impact that their gambling is having on you. Choose to say ‘I can’t do this for you, but I will be with you while you do it’.

Allow them to take responsibility for their behaviour. 1300 651 251

Things to remember

You have the right to feel safe, and emotionally and financially secure.

Seek professional advice about how to protect your family’s assets and income.

Talk to trusted people who will not judge you or the person that gambles. Counselling or self-help groups can help you make important decisions about your relationship.

Gambler’s Help is a free service for people who are affected by gambling. 1800 134 139 or (03) 9663 2000

Lifeline Tel. Use your energy to help change your own situation rather than theirs. Your relationship with them may cease or dramatically change in the short or long term. Readers should note that, over time, currency and completeness of the information may change. It is important to remember:

You cannot force your family member or friend to acknowledge that their gambling is a problem.

Your relationship with the gambler

Last updated:

December 2012

Free, professional, confidential counselling for people for whom gambling is an issue

Counselling for the family and friends of people for whom gambling is an issue

Financial counselling to help people with gambling-related money problems

Advice on self-exclusion programs and other support services

Community education to help communities reduce the negative effects of gambling.

Where to get help

Your doctor or other health professionals

Gambler’s Help Tel.

Don’t try to take control of the gambler’s life. Avoid trying to protect them.

Support them in their struggle, but don’t take on their burden.

Relate to them as an equal person. Maintain your friendships, continue with your interests and hobbies, and do things that you find enjoyable.Look after your health

You have the right to feel safe, and emotionally and financially secure. All users are urged to always seek advice from a registered health care professional for diagnosis and answers to their medical questions. Take steps to protect yourself and the people around you from financial harm.

Let the gambler know you want to help.

Check the mail yourself for bills.

Keep records of all finances including assets, income, expenses, contributions and gifts. If taking action puts your safety or the safety of others at risk, you may need professional help.

Relationship counselling and mediation can be a safer alternative for discussing problems and seeking solutions if there is a communication breakdown between you and the gambler. (03) 9696 6108 – support group for people with a gambling problem

Gamble Aware – information about the odds of winning, how gambling works, and when to stop

Financial and Consumer Rights Council Tel

“I’m not pro sports gambling. I’m just a realist.”

The other leagues have — at least publicly — not wavered from their anti-legalization stance after the op-ed. It studied and researched and planned behind closed doors before it made its move. The best way for the league to monitor our integrity is for that betting action to move toward legal betting organizations, where it can be tracked. Regardless of public positioning, all the leagues are actively planning for a new gambling reality. Chris Christie, who in 2012 began pushing to legalize sports betting in his state by challenging the Professional and Amateur Sports Protection Act (PASPA) of 1992, the federal ban on state-sponsored sports betting. “We’re still in the monitoring stage,” he says. He’s relaxed, though not unguarded. was “inevitable” because cash-strapped states need the revenue.

The NBA’s pivot point on legalized gambling appeared in a Nov. “My greatest concern,” he says, “is that there will be, in essence, a hodgepodge of regulations controlling sports betting that will vary from state to state, jurisdiction to jurisdiction, and will make it increasingly difficult to monitor betting on our very own sport.”

The Donaghy revelation became the ugliest gambling scandal to hit an American professional sport since at least Pete Rose’s banishment from baseball in 1989 and perhaps since the Black Sox threw the 1919 World Series. But that’s not to say he and the NBA are the only ones re-examining their approach. “The league and many of our teams are actively engaged in the so-called daily fantasy business,” Silver says. In England, bets can be placed on a smartphone, at a stadium kiosk or even using a TV remote control. “We did everything possible to encourage it while publicly condemning gambling. That’s the pragmatic approach.”

But multiple sources with direct knowledge of meetings between the leagues believe the NHL is much more open to legalization than Bettman’s comments indicate. And publicly, it did. “I felt the need to explain why I had made other statements acknowledging that I thought sports betting should be legalized,” Silver says. In September 2014, citing a loophole in the Department of Justice’s language about violations to PASPA, Christie issued a directive to legalize. Billions of dollars are being illegally wagered on sports, almost all online. “Yet at the same time, we were opposing the New Jersey legislation in multiple court actions. He spent time overseas growing the NBA’s brand, giving him a vantage point to see how legalized gambling worked in other countries. You don’t have to be a cynic to think that the leagues and their owners want a piece of that very big betting pie.

Stern began thinking along the same lines. Or on Silver, who gained extensive knowledge of foreign revenue models during his time overseas. commissioner to publicly support legalized sports gambling. (One study by Nevada gaming company Club Cal Neva projected a possible windfall of $50 million for Atlantic City casinos if betting was legalized.) But the leagues — the NBA, NFL, NHL and MLB — and the NCAA sued, claiming that the state was in violation of PASPA and that the perception of the integrity of the games would be damaged if New Jersey began taking legal bets.

Privately, though, the league was watching — closely — as the Vegas market and legal daily fantasy sites were growing exponentially. The NBA deal also included an equity stake in the company. “I recognize that it can be very damaging to a person or a person’s family, just like other substances of potential abuse taken to extremes. She was represented by Ifrah, while David Deitch, a former Justice Department attorney, represented the government. Actually establishing a legal framework is another. 16 Gambling Issue. “We have always known betting, fantasy leagues and daily [fantasy] sports have driven interest and viewership,” wrote the Mavericks’ owner in a recent email exchange with The Magazine. So were politicians. Just 88 days into his tenure as NBA commissioner, on April 29, 2014, Silver banned Clippers owner Donald Sterling in a four-minute proclamation on national TV, his willingness to stand alone in full view.

Studying models is one thing. In September 2012, the NFL convened a forum in collaboration with other pro leagues, the International Olympic Committee and the NCAA to discuss best practices, law enforcement resources and the gambling industry. The move made sense to many in New Jersey, where ailing gaming and racing industries were causing financial strain.

So it is, then, that for now, at least, Silver seems comfortable standing alone as the only acting U.S. “Even if they’re not betting, they’re highly aware of the betting line and over/unders.”

And so after taking over for Stern last February, Silver wasted little time implementing his approach. “As we began to stage exhibition games in Europe and China and jurisdictions where sports betting was legal, it caused me to focus more on this than I had historically,” Silver says. Subscribe today!

Silver says he hasn’t set a timetable for the day when we can legally bet on a Cavaliers-Heat game. “And while I wouldn’t categorize that as sports betting, on the continuum of no betting at all and legalized betting, it’s certainly on the spectrum.”

SPORTS IS AN ongoing contest between two forces: tradition and innovation. The case is headed to the Third Circuit Court of Appeals this spring.

Cuban has suggested that one way of monetizing that interest is to charge sportsbooks and casinos licensing fees to use the league’s data. Attorney Harris Fischman examined major U.S. The “defendant,” “Ginger McKenna,” was accused of facilitating illegal sports bets. Deitch prevailed.

Nine months later, on a cold January afternoon on the 19th floor of league headquarters in Midtown Manhattan, with Hot Chocolate’s “You Sexy Thing” playing, Silver is loose and joking, all the while being prepped for his cover shoot. team owners.

Leave it to Mark Cuban to be frank about that aspect of the NBA’s support for legalization. The illegal market across sports? Try 132 times that — an estimated $138.9 billion, according to the American Gaming Association. Once again, the leagues sued and won. In 516 words, he diagnosed the reality of sports betting in the U.S.: Federal and state laws are not stopping anyone from betting. Specifically, New Jersey Gov. In that dark moment, the NBA could very well have hunkered down and waited for the dawn. gaming laws, including PASPA and the Wire Act, which prohibits any betting activity that includes wire transmissions. And when it did, it was not subtle.

With the proliferation of casinos and state lotteries, the instant gratification of the Internet and the boom in daily fantasy sports, betting was becoming part of mainstream America. “Then we began getting approached by sports-betting companies outside of the United States, where it’s legal, to do business with them. As we became more of a global company, I began to think about what our policy should be here.”

THE NBA’S DARKEST hour can actually be marked by a single moment, concentrated down to the uttering of a sentence.  “I can tell you that this is the most serious situation and worst situation that I have ever experienced either as a fan of the NBA, a lawyer for the NBA or a commissioner of the NBA.” That was the lament of then-commissioner David Stern during a July 24, 2007, news conference announcing that referee Tim Donaghy was under federal investigation for betting on games. Does it become a vehicle for betting, which may in effect change the atmosphere in the arenas?”

The bald 52-year-old man in glasses and a conservative dark suit doesn’t look like an agent of change — especially with the 1970s soul music playing in the background on the set at a recent photo shoot for The Mag. I needed a forum to make it clear.”

The opportunity for additional streams of capital from sports betting can’t be lost on U.S. “I am very sensitive to people thinking that I’m not understanding of the downsides,” he says. While the NBA is still fighting in the courts to keep New Jersey from setting up its own sports-betting operation, three other states (New York, Indiana and South Carolina) have introduced similar bills this year, and a Minnesota state representative, Phyllis Kahn, has told ESPN that she’ll be introducing a sports-betting proposal early in this legislative session.

Fans weren’t the only ones talking about it. “We have studied the New Zealand model and other models in other jurisdictions,” he says.

I have talked to the other commissioners about it. On the one side are those who tell you that’s the way it’s always been done, and on the other are those who urge you to change and adapt.

In the meantime, Silver is willing to take the lead on an issue that some liken to the legalization of marijuana — socially acceptable but mostly illegal. “But I view myself more as pro transparency. … A 2007 letter signed by all general counsels of the major sports leagues and the NCAA, including NBA vice president Rick Buchanan, stated, “The harms caused by government endorsement of sports betting far exceed the alleged benefits.”

The timing of the column, of course, was calculated. And someone who’s a realist in the business. In 2009, the then-commissioner told Sports Illustrated, when asked if legal sports betting would be in the NBA’s best interest, “It has been a matter of league policy to answer that question no. One week later, the NBA was due back in court as part of its ongoing fight to prevent New Jersey from making sports betting legal. There also have been other, more private confabs involving high-ranking advisers to the leagues. “As someone who attends an enormous number of games, I’m often hearing fans talking about it,” Silver says. It saw how all that interest, as well as action from illegal offshore betting sites, fueled NBA fandom, and it realized it needed to have a seat at the table — the better to monitor and monetize those burgeoning passions. Included in the forum, which wasn’t open to the public, were talks with law enforcement officials, gaming regulators, addiction specialists and even a former student-athlete caught up in sports gambling. The title of the exercise? “As Close as You Ever Want to Get to a Federally Prosecuted Sports Betting Trial.” In it, Assistant U.S. have assigned people in their organizations to study the issue intensively.”

PERHAPS THE BEST Silver can hope for from other commissioners is a new view of sports betting as a possible “frenemy.” It is tricky, after all, for the leagues to embrace something they’ve long denounced for its impact on the “integrity of the game.” It would also be naive to think that this is all about the sanctity of the results. But Adam Silver has proved otherwise. 13, 2014, editorial in The New York Times, penned by new commissioner Adam Silver: I believe that sports betting should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated. I will say that certainly all of them … In 2013, $1.05 billion was wagered legally on basketball, combining the professional and college levels. MLB declined to comment for this story, and the NFL refused to even reiterate its anti-legalization stance. In those meetings, sources with direct knowledge say, contingency plans were formed in preparation for the day sports betting is legal outside of Nevada.

Through it all, Silver has remained steadfast that legal sports gambling should be addressed first on the federal, not state, level. It could have continued to treat sports betting as the enemy that for as long as anyone could remember had threatened the very fabric of the game. That’s yet another reason I think it needs to be closely monitored.”

In September, Silver told an audience at a Bloomberg sports business conference that expanded legalized sports betting in the U.S.

The evolution of Silver as gambling realist in many ways began in 2006, after he took over the league’s international operations as deputy commissioner. “In light of these domestic and global trends,” he wrote, “the laws on sports betting should be changed. But I think that league policy was formulated at a time when gambling was far less widespread — even legally.”

His time overseas coincided with the Donaghy scandal and the revelation, as Silver puts it, “of how important it is to have a way of monitoring irregular activity in our games.” He adds, “None of the systems we had in place had captured any betting by Donaghy.”

In November 2011, New Jersey voters had overwhelmingly approved a referendum to legalize Las Vegas-style sports betting at racetracks and casinos across the state. All of them have assigned people to study the issue intensively.

” — NBA commissioner Adam Silver

This story appears in ESPN The Magazine’s Feb. But the timing of the op-ed allowed him to address another seeming hypocrisy: Just one day prior to its publication, the league announced a deal with a successful daily fantasy operator called FanDuel, which boasted some $621 million in entry fees last year alone. In March, two NBA attorneys attended a mock sports-betting trial put on by gaming attorney Jeff Ifrah at iGaming North America at Planet Hollywood in Las Vegas. “One of my concerns is that I will be portrayed as pro sports betting,” he says. District Judge Michael Shipp ruled in favor of the leagues. But you can bet all interested parties — the other leagues, the states, the bookmakers, the bettors — are following the developments as closely as they would a point spread.

When asked about the support he’s getting from other leagues, Silver says, “I have talked to the commissioners in the other leagues about it, and I leave it to them to make any public statements they want to make on it. In some areas of Australia, for example, sportsbooks pay fees to leagues based on the gross revenue made off the wagering of the games. Congress should adopt a federal framework that allows states to authorize betting on professional sports, subject to strict regulatory requirements and technological safeguards.”

A united front among all the leagues would certainly help Silver’s cause for a federal solution. I’m glad Adam is putting the hypocrisy behind us and putting it all up front.”

THEN CAME SILVER’S op-ed.

U.S. And the NHL and MLB are both currently partnered with daily fantasy sports operator DraftKings.. Gary Bettman, the longtime commissioner of the NHL, told CNN in November after Silver’s op-ed was published: “I think there needs to be some attention paid to what sports is going to represent to young people. And in New Zealand, sportsbook giant TAB paid more than $5 million last year in commissions to the leagues it takes wagers on. That’s when Silver says he began to realize the need for a response. But the state didn’t give up

UBS Writes Down Positions, Predicts an Overall Loss in Third Quarter, and Reorganizes Management

A

glossary, containing definitions of some of the less-well known terms

used in today’s release, is also available at www.ubs.com/media.

Commenting on these changes Marcel Rohner said:

Mr. From 1996 until the merger of SBC

and Union Bank of Switzerland in 1998 he served as regional manager of

the Zurich-Eastern Switzerland-Ticino area for the corporate and

commercial banking activities of SBC. All other businesses in the Investment Bank, and our

Global Wealth Management & Business Banking and Global Asset Management

businesses, continue to record good results. UBS’s financial businesses employ more than 80,000 people

around the world. Mr. Ferri began his legal career practicing corporate law at Seward &

Kissel, from 1991 to 1995. Management action has been taken to

make certain these positions are appropriately valued and risk managed.

Robert Wolf, Chairman and CEO, UBS Group Americas and Chief Operating

Officer Investment Bank, will additionally become President, Investment

Bank. Prior to his appointment to his current position in 2004, Robert

Wolf was Global Head of Fixed Income for over three years.

Working closely with other members of the management team and the key

investment professionals within A&Q, Mr. During 2008 we will continue

to focus on improving cost and balance sheet efficiency.”

Short bio William Ferri

. I have therefore taken

decisive action to be as transparent as possible. There is also a smaller position of below USD 4 billion net

exposure to sub prime securities through warehouse lines and retained

CDOs. Prior to that, he held various

management positions in SBC’s investment banking operations, first as

the Continental European Head of Merchant Banking and later as the Chief

Credit Officer for EMEA. Its shares are listed on the SWX Swiss Stock Exchange,

the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS is the leading global wealth manager, a top tier investment banking

and securities firm, and one of the largest global asset managers. Following these actions, UBS is in

a strong position to continue to grow its client businesses.

UBS has no material exposure to conduits.

UBS

As a result of the planned changes within the Investment Bank, overall

staff numbers will fall by about 1,500 by the end of this year.

UBS has only limited exposure to leveraged lending with commitments of

about USD 13 billion. Gall office and later broadened his experience

with assignments in Nyon, New York, Basel, Zurich and London.

 

In third quarter 2007, expected pre-tax loss for the Group between

CHF 600 million and CHF 800 million, due mainly to write downs and

losses in the FIRC business within the Investment Bank

For the first nine months of 2007 pre-tax profits for the Group in

the order of CHF 10 billion, and expect to end the year with good

level of profits and a strong capital position

All other businesses in the Investment Bank, as well as the Global

Wealth Management & Business Banking and Global Asset Management

business groups, performing very well

Management changes:

– Investment Bank Chairman and CEO Huw Jenkins to step down. In fact, conditions remained

turbulent, so we will make an overall pre-tax loss at Group level for

the quarter.

Robert Wolf is the Chairman & CEO of UBS for the Americas. Scoby began his career with O’Connor and

Associates in 1987 and became a Managing Director in 1993. As an integrated firm, UBS

creates added value for clients by drawing on the combined resources and

expertise of all its businesses.

“On August 14, I said that if turbulent

conditions prevail throughout the quarter, we will probably see a very

weak trading result in the Investment Bank, offset by predictable

earnings from wealth and asset management. Joseph Scoby’s record both as

head of A&Q and previously as Joint Head of US Equities within the

Investment Bank makes him an ideal successor to Walter Stuerzinger. However, the deterioration in the US sub prime

residential mortgage backed securities market, especially in August, was

more sudden and more severe than in recent history, and markets became

illiquid. Overall, FIRC

will record negative revenues in the order of CHF 4 billion.

A video containing an interview with Group CEO Marcel Rohner is

available at www.ubs.com/media as

well as at www.cantos.com. We have a strong balance sheet, a strong franchise, and

leading positions in all businesses in all regions. Wolf also participated as a panel member at

the inaugural Wall Street forum for HIV and AIDS alongside former UN

Secretary Kofi Annan.

Mr. These have also been written down appropriately,

leading to a limited loss on these positions in third quarter.

UBS is one of the world’s leading financial

firms, serving a discerning international client base. Ferri has overall

responsibility for managing the logistics platform and business

development effort of the group, ensuring the investment team’s

requirements are met while maintaining the appropriate control

infrastructure. Between 1999 and 2005 he was Group Chief Credit Officer and

a member of the Group Managing Board. Wolf graduated from the Wharton School at the University of

Pennsylvania with a B.S. William Ferri, currently

Head of Business Development and Logistics for A&Q, will be appointed as

the new Global Head of Alternative and Quantitative Investments.

The marks take a cautious view of future developments in the US mortgage

market and UBS is content to hold these securities at this level of

valuation.

All other UBS businesses remain strong. In

Switzerland, UBS is the market leader in retail and commercial banking.

When most mortgage backed securities positions were set up there were

offsetting positions in place, designed to mitigate risk in normal

market conditions. He has also been the head of O’Connor,

a specialist hedge fund provider within A&Q, with assets under

management of approximately USD 7.5 billion.

Previously, he was General Counsel for the O’Connor

hedge fund and fund of fund businesses, and was on the O’Connor team at

its relaunch in 2000. He also chairs

the Swiss Institute for International Studies (SIAF).

With effect from today:

Third quarter results

Marcel Rohner, in addition to his duties as Group CEO, will for the

foreseeable future take over the role of Chairman and CEO of the

Investment Bank. Clive Standish, Group Chief Financial Officer, will retire.

UBS is present in all major financial centers worldwide. Group

CFO Clive Standish to retire

– Marco Suter, Executive Vice Chairman, UBS, to become Group CFO

– Walter Stuerzinger, Group Chief Risk Officer (GCRO), to become

Chief Operating Officer (COO), Corporate Center

– Joseph Scoby, Global Head of Alternative & Quantitative

Investments, UBS Global Asset Management, to become GCRO, UBS

Investment Bank changes:

– Robert Wolf, COO, Investment Bank, additionally appointed

President, Investment Bank

– Money Markets, Currencies and Commodities (MCC) to be integrated

into Fixed Income

– Initiation of cost reductions in Investment Bank

In addition to his roles at UBS, Mr. He served as Global Head of Fixed Income from

2002 – 2004, having joined the firm in 1994

after spending approximately 10 years at Salomon Brothers.

Continued strong performance in other business areas

“I am confident that, with these changes and

by properly absorbing the lessons of this quarter, we will become a

stronger bank. Global Asset Management continues to perform well. Suter first joined the bank in 1974 as an

apprentice at SBC’s St. The one firm approach requires a

successful and profitable Investment Bank. In Global Wealth Management &

Business Banking, all geographical regions continue to attract net new

money. A&Q currently has over USD

60 billion in assets under management. Mr. From

1995-1999 he was the Joint Head of US Equities at the Investment Bank,

with responsibility for approximately 650 employees. These positions consist overwhelmingly of

AAA-rated tranches, 80% with a weighted average life of less than three

years. Scoby has a BS from Wharton School and an MA from the

University of Pennsylvania, both earned with honors in a total of four

years of study and awarded in 1987.

Mr. He also has extensive

experience in solving institutional and corporate client problems using

derivatives. Wolf is a member of the UBS Group Managing Board and the Investment

Bank Management Committee. Suter was born on 7 May 1958. For most

sub prime holdings, this is not possible. UBS remains a formidable

competitor in financial services and is well positioned to deliver

long-term profitable growth.”

William Ferri is the Head of Business Development and Logistics for

Alternative and Quantitative Investments (A&Q), an alternatives platform

within Global Asset Management.

These write downs are mainly of (a) legacy positions of the now closed

Dillon Read Capital Management subsidiary and (b) positions entered into

as part of the Investment Bank’s mortgage

backed securities business.

Commenting on these decisions, Marcel Rohner, Group CEO said:

Short bio Marco Suter

Results for third quarter 2007 will be announced on October 30, 2007 as

planned.

Following a write down of positions in fixed income, rates and

currencies (FIRC), mainly related to deteriorating conditions in the US

sub prime residential mortgage market, UBS is likely to record an

overall Group pre-tax loss of between CHF 600 million and CHF 800

million for third quarter, ended September 30. I have also made

appropriate senior management changes, and will accelerate

already-planned changes to the firm. in Economics. Wolf is on the Undergraduate

Executive Board of the Wharton School and sits on the Athletics Board of

Overseers at the University of Pennsylvania. He received a BS form Cornell University in

1988 and a JD from the University of North Carolina in 1991.

Our first quarterly loss in nine years is an unsatisfactory result,

especially after such a strong first half. He is married with two children.

Within the Investment Bank, Money Markets, Currencies and Commodities

(MCC) will be integrated into Fixed Income under the leadership of Andre

Esteves.

Biographies

The remaining relevant positions in direct sub prime RMBS have a current

net value of USD 19 billion. He is a member of the

Global Asset Management Executive Committee and a member of the UBS

Group Managing Board.

Mr. He also

serves as Global Chief Operating Officer for the Investment Bank.

Marco Suter was elected to the Board of Directors at the Annual General

Meeting of UBS in April 2005 and thereafter appointed as Executive Vice

Chairman.

Management changes

In addition, UBS has taken significant write downs on positions in Super

Senior AAA-rated tranches of CDOs, based on level 3 valuation models.

Short bio Joseph Scoby

Where possible, holdings are marked at the quoted market price. Marcel

Rohner, Group CEO, will reorganize senior management, take over as

Chairman and CEO of the Investment Bank, and accelerate structural

improvements to the firm.

Short bio Robert Wolf

Mr. These events have led to the

management changes announced today. Valuations therefore mostly

use models with observable inputs, where possible, and level 3 valuation

models otherwise.

Despite the unsatisfactory results for the third quarter, we still

expect to end the year with a good level of profits and in a strong

capital position. Mr. Ferri joined the UBS Investment Bank in 1998

as Director of Equity Compliance. Scoby’s

experience includes portfolio management in commodity options,

convertible arbitrage, equities, equity derivatives, corporate bonds,

merger arbitrage, quantitative equity, real estate finance, and

fundamental based equity long short funds. He is a Swiss citizen. He is on the Executive

Leadership Council for the Multiple Myeloma Research Foundation, on the

Board of Trustees for the Children’s Aid Society, the Board of Directors

for the partnership for NYC and on the Board of Directors for the

National Sports Museum.

Joseph Scoby’s first task as a member of the Group Executive Board will

be to review and refine our risk processes. Within the

Investment Bank, IBD has gained market share, the capital markets

business remains strong, and equities revenues –

though a bit weaker this quarter than a year ago, and in the context of

extremely difficult conditions – remain

healthy.

There are other, smaller, losses in equities proprietary trading within

an overall satisfactory result.

ZURICH & BASEL, Switzerland–(BUSINESS WIRE)–Regulatory News:

Mr. He originally worked for PaineWebber

Inc. These securities are either AAA-rated or High Grade, and have a

short weighted average life.

Marcel Rohner, Group CEO, said: “UBS operates on the principle that

management is accountable to shareholders. Ferri is also responsible for managing the product

pipeline, business development, sales and client services.

In the third quarter, UBS will recognize substantial losses in FIRC

within the Investment Bank, mainly on its holdings of securities related

to the US sub prime residential mortgage (RMBS) market. Pre-tax profits for the

first nine months of 2007 will be in the order of CHF 10 billion. This led to substantial valuation losses, including in

securities with high credit ratings. Mr. We have thousands of

talented people throughout the organisation who, by working together,

will deliver further value to our clients and additional growth to our

shareholders.”

Joseph Scoby is Global Head of Alternative and Quantitative Investments

(A&Q), an alternatives platform within Global Asset Management with

approximately USD 60 billion in assets under management and 360

employees around the globe. Huw Jenkins, Chairman and CEO of the Investment Bank,

will step down from his position and become a senior advisor to Marcel

Rohner.

While the third quarter loss means that pre tax results for the full

year 2007 will most probably be below those for 2006, total earnings

should still be at a high level and UBS will finish the year in a strong

capital position.

Marco Suter, Executive Vice Chairman, UBS, will leave the Board of

Directors to become Group Chief Financial Officer, and join the Group

Executive Board. Its business,

global in scale, is focused on growth. Mr. It has offices

in 50 countries, with about 39% of its employees working in the

Americas, 34% in Switzerland, 16% in the rest of Europe and 11% in Asia

Pacific. His long experience and knowledge of UBS, including as

Group Chief Credit Officer, make him extremely well qualified for this

position. Mr. (since 1995) where positions held included Corporate Vice President

and Associate General Counsel to the Global Equities Division, and

Deputy Director of Compliance.

Walter Stuerzinger, Group Chief Risk Officer (GCRO), will become Chief

Operating Officer, Corporate Center, and hand over the GCRO position to

Joseph Scoby, currently Global Head of Alternative and Quantitative

Investments (A&Q), Global Asset Management. Suter has been with UBS and its predecessor, Swiss Bank Corporation,

since 1974