Mobsters in America – Caspar Holstein – The Harlem Policy King

He was considered a genius; a compassionate man who gave freely to the poor. But Caspar Holstein made his fortune in the Harlem numbers policy game, which he helped invent.

Casper Holstein was born on December 7, 1876, in St. Croix, Danish West Indies. His parents were of mixed African and Danish descent, and his father’s father was a Danish officer in the Danish West Indies Colonial militia. The Holstein family moved to New York City in 1894. Holstein, an extremely bright boy, graduated from high school in Brooklyn, which was no mean accomplishment for a black man before the turn of the century. After graduation, he enlisted in the Navy, and during World Ward I, he visited his homeland, which by then was known as the West Virgin Islands.

When Holstein was discharged from the Navy, he worked at various odd jobs, including being a doorman in an Upper East Side building. He also became a personal assistant to a wealthy white couple, and years later after he made his fortune, and they had lost theirs, Holstein supported this couple, then paid for their funeral.

Looking to better himself, Holstein wandered down to Wall Street, where he got a job, first as a messenger, then head messenger, for a commodities brokerage firm on Wall Street. Holstein became enamored of gambling, especially the horses, but he also dabbled in the stock market, perusing daily figures from the Boston and the New York City Clearing Houses. One day, an idea came to Holstein that would improve his lot dramatically. He knew that people in black neighborhoods, such as Harlem, loved to gamble, but most didn’t have enough spare cash to do so. When he had saved enough money to start his endeavor, Holstein devised a scheme where people could bet as little as a dime on a random set of three digits numbers, that would appear daily in the New York City newspapers.

Using the Boston and New York City Clearing House figures, Holstein took two middle digits from the New York number and one middle digit from the Boston number. So if the two clearing house totals were 9,456,131 and 7, 456,253 respectively, the winning number would be 566; the “56” being the two digits before the last comma of the first figure, and the “6” being the last digit before the last comma of the second figure. This system was so random, it could not be manipulated, like it would be later, when gangster Dutch Schultz muscled in on the Harlem numbers racket, and began using race track figures, which indeed he did manipulate. By the early 1920’s, Holstein’s system was the rage in Harlem. Holstein became known as the “Bolita King”, earning an estimated $5000 a day.

Using his newfound wealth, Holstein contributed generously to worthwhile causes. He gave huge amounts of cash to the the St. Vincent Sanitarium, the nationalist Garvey Movement, and he funded prizes for Opportunity Magazine’s literary awards, which discovered much of Harlem’s young talent. Holstein built dormitories at black colleges, and he financed many of Harlem’s artists, writers and poets. He also helped start a Baptist school in Liberia and he established a hurricane relief fund for his native Virgin Islands. The New York Times said that Holstein was, “Harlem’s favorite hero, because of his wealth, his sporting proclivities and his philanthropies among the people of his race.”

Seeing how Holstein and Stephanie St. Clair had turned Harlem into a financial bonanza due to their numbers rackets, gangster Dutch Schultz barged in and took over their games. Just like that. Schultz had big politicians, including the disgraced Jimmy Himes in his back pocket. Schultz also bought off the cops, and killed black numbers runners in droves. Schultz eventually forced St. Clair to work for him, but Holstein refused Schultz’ offers to consolidate their number rackets.

In 1928, Holstein was kidnapped for $50,000 ransom, by five white gangsters, whom were presumed by the Harlem public to be goons sent by Schultz. The news of Holstein’s kidnapping made national headlines. The New York Times reported that Holstein had been seen at Belmont Racetrack just days before his abduction, betting more that $30,000 on the ponies. Holstein was released after three days in custody, insisting he had paid no ransom. His explanation was that his captors had felt sorry for him and had released him with $3 cab fare.

Yet Holstein’s tale carried little weight, when he soon cut down on his policy activities. A few years later, Holstein completely stopped his street operations and operated only as a lay-off better. In 1935, despite the fact that he was barely in the game, Holstein was arrested for illegal gambling. He was tried and convicted, and spent one year in prison. Holstein claimed he was framed, possibly by Schultz, but he did his time in jail uneventfully. When he was released from prison, Holstein got involved in the real estate business, and he provided mortgages for people in Harlem, whom the regular banks shunned.

Casper Holstein died on April 5, 1944, at the age of 68. More than 2,000 people attended his funeral at Harlem’s Memorial Baptist Church. A scholarship at the University of the Virgin Islands and a housing development in St. Croix are named in Holstein’s memory.

Becoming a Spread Betting Millionaire

Most people often have dreams of becoming a millionaire and having more money than they know what to do with. But the problems there is that very few people know exactly how they may become millionaires and therein lays the biggest obstacle towards achieving the millions that you dream of making. You could always start a computer firm of your own and do what Bill Gates id; you can make your own computer company like Steve Jobs or become a business man like The Donald. But really, what are the chances of that happening to people right? But there are other ways that you can become a millionaire. If these things seem to be out of reach for you, why not try to earn millions through spread betting? You can get rich spread trading you know but it will not happen overnight and not without a lot of effort on your part.

Frankly speaking, anyone can have the chance to make millions from spread betting alone. But you will really need a huge dose of discipline and a lot of patience of course, and you will need money to spend on your wagers. Oh there are always people who lose in spread bets and the fact that there are still plenty of bookmakers out there proves the point that more people lose money in the spread bets then those that actually win. But by trading financial derivatives remains to be one way that you can make huge profits in a short amount of time.

If you want to become a millionaire spread trading trader, you must know what is causing the move in the underlying prices. There really is a very wide selection of things that you may place spread bets on but you should really stick with the ones that you are familiar with so you have better chances of correctly predicting where the prices will be going. Also, you should make sure that you out a lot of concentration on not losing money since often times, by concentrating on not losing money on your wagers, you end up having more money. Remember that the best way to make money is to not lose too much of it. This is when your research about trading will come in handy so you will a better idea on how to manage your money better which trains you to never bet more money than you can afford to lose.

Billy Walters – The Warren Buffett of Sports Betting Markets

Vegas used to be filled with rumours of a man or group of men – nobody really knew the specifics – that was said to be feared by Vegas bookmakers. This team beat the spread in sporting events as a matter of course, and were wealthy beyond comprehension as a result. In the world of sports gambling, these guys had discovered the Holy Grail. They mystery that surrounded these mystery men made them the whole story so much more intriguing.

That was, until the mystery man was unmasked as Billy Walters, a lifelong gambler and successful investor – and a very wealthy one at that.

Walters’ operation was first disclosed in a book called “The Smart Money” – By Michael Konik. In the book a pseudonym was used for Walters, and the author accounts his experiences running money around Vegas for Walters, betting with the aid of cell phones and walkie talkies, and subsequently getting banned when the sportsbooks discover that the teams and games he is betting are a bit fishy. Understandable, when these games are the hottest syndicate games bet all around Vegas by Walters and his teams of “runners”.

Walters was further introduced to the non-betting public through a story on 60 minutes in January 2011. It is a fascinating interview for both betting and non-betting types, as Walters is a charismatic, raskal type, and 60 minutes do a fantastic job of educating the lay-person in what sportsbetting is and how Walters and his team make money from it.

For sportsbetting fans, this interview is riveting. The seriousness with which Walters and his team attacks sports wagering is impressive and it is clear that huge amounts of money are at stake. Walters moves on his sports teams like a hedge-fund trader moves on a stock at the open of a day’s trading – betting to the house limit when he finds an attractive proposition. The team assembled around this betting operation is vast, runners have codenames and large cash on hand to bet in person at the sportsbook window, and Walters monitors all of these bets and amounts on a computer set-up that has all too many similarities to a hedge-fund manager or a stockbroker at the New York Stock Exchange.

Interestingly, Walters claims that Wall Street types have more to hide and are bigger thieves that those people that he has run into in the gambling world.

Walters was rather secretive about the individuals he has working with him. He claimed to not know the real name of his runners – that may indeed be the case – but he was particularly elusive about the advisors and “brains” behind his brains trust. One individual in particular was a ‘rain-man’ type of intellectual who has an encyclopedic knowledge of college teams and players. Walters reports that this man possessed a brilliant ability to forecast games because of this.

Betting men and women would be well served by watching the interview with Walters, and reading Michael Konik’s “Smart Money”, should they wish to know more about this fascinating character.

Online Betting Sites For Sports Betting

Revolution in technology has positively set its benchmark on today’s generation. With the help of the latest hi-tech improvement in technology, all things have been made more handy to use and easily available. Among all technical innovations one of the best and hi-tech innovations is the computer. Computers are very useful to do research job as well as for leisure also. With the help of computer you can read and download books online. Searching for a job and long distance communication is now much easier because of the internet use. Not only this, computer is a resource of earning money for some people.

Amongst all use of computers one of the most popular uses of the computer is online gaming. The internet offers different websites for people to visit and take part to play online games. Individuals who are interested in sports betting, regularly search and visit different online sports betting sites for their bets.

Betting sites provide opportunities in which an individual bets on any sports team in any type of team game and deposits money on that particular sports team. If the team on which that individual has bet the money is the winning team, then he will get his cash return plus additional money as earnings. But if the team loses the game, then the individual loses his betting cash and will also not get any additional bonus money. This gaming process is very easy and has no complications.

Generally, public gambling on sports goes to a betting house where all bets are placed. But now, with the help of the computer and internet, there are many reputable online sports betting sites that are easily accessible. There are lots of online sports betting sites such as ukash betting sites, bet365 betting site which have gained the trust of those sports betting buffs and are now counted as one of the best.

While looking for online betting websites, one should be patient and broad minded because one betting website may present similar offers as another website and have better payback cash on betting games. Keeping track of the websites that one visited and found the offers there better when compared to other online betting websites and thinking about the helpful and harmful side, can help to accumulate or to make a better deal.

To assist one while selecting which online sports betting websites are trustworthy and secure to play, certain principles must be checked while searching them out. First issue that one must check is that the website is legal or not, most of the betting sites are legal but there is no damage in checking again.

There are various online betting sites available in cyber space which can surely help gambling lovers to bet on their favorite sports team. These online beating websites can be accessed from anywhere with the help of computer. Also these online betting websites deal with almost all type of sports right from the NBA, Formula 1, NFL, NASCAR, horse racing and of course the MLB or Major League Baseball, America’s number 1 sports game.