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Monthly Archives: May 2022
Boston Bruins at Carolina Hurricanes Game 5 odds, picks, predictions – USA TODAY Sportsbook Wire
Posted: May 11, 2022 at 11:34 am
The Boston Bruins (2-2) and Carolina Hurricanes (2-2) meet for Game 5 of their 1st-round Eastern Conference playoff series Tuesday at PNC Arena in Raleigh, N.C. The series is tied 2-2. Puck drop is scheduled for 7 p.m. ET (ESPN). Below, we look at the Bruins vs. Hurricanes Game 5 odds and lines, and make our expert NHL picks, predictions and bets.
The Bruins will look to carry over their momentum from a pair of convincing wins on home ice in Games 3 and 4. The Bs changed to Jeremy Swayman in net for Game 3, and have won two in a row while outscoring the Canes 9-4.
The Hurricanes hope to use the home crowd to get back on track. Carolina bludgeoned Boston in the first 2 wins by a combined 10-3 margin but lost focus in the 2 road games, while also letting some undisciplined play creep in.
Odds provided by Tipico Sportsbook; access USA TODAY Sports Scores and Sports Betting Odds hub for a full list. Lines last updated at 7:30 a.m. ET.
Jeremy Swayman (23-14-3, 2.41 GAA, .914 SV%, 3 SO regular season) vs. Antti Raanta (15-5-4, 2.45 GAA, .912 SV%, 2 SO regular season)
After Linus Ullmark lost the first two games in Carolina, head coach Bruce Cassidy tabbed Swayman for Game 3. The Alaska native won his first two career postseason starts in Games 3 and 4, going 2-0-0 with a 2.00 GAA and .925 SV%.
Raanta returned to the lineup after being knocked out of Game 2, and while he allowed 4 goals on 27 shots, he played well. There was also a controversial situation in the second period where goalie interference appeared to have occurred. Head coach Rod BrindAmour challenged, and not only did the goal stand, but the Bruins received a power play and scored another goal. That changed the entire momentum of the game.
Hurricanes 4, Bruins 2
The way the Bruins (+120) played in Boston the past 2 games, its tempting to play the dog. But the HURRICANES (-145) have been so dominant on home ice, and until the Bs can prove they can win in Raleigh, you have to back the home side.
The HURRICANES -1.5 (+170) are worth a roll of the dice on the puck line. Carolina lost a little momentum in the first with the 2 losses in Boston, but it won the first 2 games on home ice by a combined 10-3 score.
OVER 5.5 (-145) is the lean here. Eventually were going to get a defensive game in this series, and one with very tight checking, low scoring and perhaps even a trip to overtime. But so far the Over is 3-0-1 in four games, so until we get an Under, keep going for at least 6 goals per outing.
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FanDuel Sportsbook Keeps Grabbing Customers As Others Rethink Spend – Legal Sports Report
Posted: at 11:34 am
While some US sportsbooks pull back on marketing in an effort to hit profitability, FanDuel is doing the opposite.
The acquisition opportunity is too good right now to pull back, Flutter CEO Peter Jackson explained during the companys trading update Wednesday morning.
That is even after a first quarter that saw FanDuel add more than 1.3 million customers in the US, which is more than 70% of the new customers acquired in all of 2021, Jackson said.
FanDuel is spending around $290 per new customer with average paybacks in 12 to 18 months, which has management ready to keep working for more players.
We are continuing to push hard on driving some customer acquisitions and were very, very pleased with the acquisition costs that were seeing and the lifetime value dynamics that were also seeing, Jackson said. Its giving us real conviction and were leaning in very heavily to acquire as much business as we can.
The only market where FanDuel pulled back slightly is New York, Jackson said, though new customers are still flowing in there. The company said NY sports betting exceeded expectations with how fast its daily fantasy players are converting into sportsbook customers.
FanDuel is keeping its foot on the pedal while others are backing off more than ever, Jackson said.
Other people seem to be stepping back as I think theyre finding the dynamics difficult but we are seeing a continued big opportunity and are really leaning very hard into it. On a post-Super Bowl basis, we believe that the marketing intensity were seeing and the generosity levels have stepped back more significantly this year than weve seen in previous years amongst our competitors.
Multiple sportsbook operators are making changes based on profitability. Caesars Sportsbook is dramatically cutting back on traditional marketing while Churchill Downs is ending its online sports betting and iGaming business altogether.
Total bets across US sports betting and iGaming more than doubled to $7.7 billion in the quarter with revenue of $574 million in the first quarter. That came from a 43% increase in average monthly players to 2.4 million.
There was a flood of customers signing up for Super Bowl betting, as the day of the game was FanDuels single biggest day ever for new customers. More than 1.5 million players were active on Super Bowl Sunday.
March Madness betting also set a new record with 19 million bets across the tournament.
FanDuel was the top online US sports betting operator in the quarter with a 37% market share, according to the trading update.
That kind of leadership position is not just from adding new customers but retaining old ones as well. FanDuel is seeing strong retention and the biggest reason is the strength and quality of our product, Jackson said:
Were seeing very, very good levels of retention. In fact I think its one of the things thats really helping to contribute to the very strong lifetime value that were seeing from customers. Were seeing really good engagement and repeat engagement with our customers.
And so I think whilst there are quite high levels of churn in the market as people avail themselves with some of these free offers, amongst our customer base were seeing people stay on our platform even if they take advantage of other peoples free money.
Jackson noted the online California sports betting proposal that should be on Novembers ballot has a best-in-class campaign team and significant levels of funding.
It also could bring in hundreds of millions in tax funds for homelessness and mental health solutions, he added. The measure would face a competing tribe-backed proposal that would limit the market to retail wagering for at least five years.
Were doing everything we can to make sure ours is successful. If it is successful and adheres to the expected timetable wed think the state would launch in time for the 2023 NFL season, Jackson said.
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Tampa Bay Rays at Los Angeles Angels odds, picks and predictions – USA TODAY Sportsbook Wire
Posted: at 11:34 am
The Tampa Bay Rays (18-12) meet the Los Angeles Angels (20-11) Tuesday for Game 2 of their 3-game series at Angel Stadium. First pitch is scheduled for 9:38 p.m. ET. Lets analyze Tipico Sportsbooks lines around the Rays vs. Angels odds with MLB picks and predictions.
L.A. won the series opener 11-3 Monday as Angels DHShohei Ohtaniwent 3-for-4 with 2 HRs and 5 RBIs and SPNoah Syndergaardstruck out 7 Rays, allowing just 1 ER over 5 1/3 IP.
The Angels have won 5 of their last 6 games and the Rays are 7-3 in their last 10 games.
RHP Corey Kluber vs. LHP Reid Detmers
Kluber is 1-1 with a 2.36 ERA, 1.05 WHIP, 2.0 BB/9 and 8.4 K/9 in 26 2/3 IP across 5 starts.
Detmers is 1-1 with a 5.23 ERA, 1.14 WHIP, 2.9 BB/9 and 7.4 K/9 in 22 IP over 5 starts.
Odds provided by Tipico Sportsbook; access USA TODAY Sports Scores and Sports Betting Odds hub for a full list. Lines last updated at 1:11 p.m. ET.
Exclusive USA TODAY Network offer: Deposit $10 or more, get $200 in instant bet credits at Tipico Sportsbook! New customer offer in CO and NJ. 21+, see Tipico.com for Terms and Conditions. Place your legal, online sports bets at Tipico. Lets make this interesting. Bet now!
Rays 6, Angels 3
GIMMEtheRAYS (-115) because Kluber is an elite starting pitcher when healthy, and hes healthy, and Tampas lineup hammers lefties.
Kluber is a 3-time All-Star (2016-18) and 2017 AL Cy Young winner while pitching for Cleveland, although he has been plagued by injuries since 2019.
But last May, Kluber was dialed in for the Yankees and threw a no-hitter before getting bit by the injury bug. Klubers pitching peripherals support his impressive basic numbers and Im betting Kluber while hes still healthy.
The Rays are 6-1 overall vs. left-handed starters and their lineup ranks 4th in both wRC+ (130) and BB/K rate (0.49) and 5th in wOBA (.334) per FanGraphs.
BETtheRAYS (-115).
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PASSbecause the Rays -1.5 (+140) isnt a big enough payout considering how good the Angels +1.5 (-175) have looked. Also, Tampas bullpen has been average thus far and L.A.s lineup is producing up to its potential.
LEANOVER 8.5 (+100) because Detmers is a young starter with a lot of upside, but figures to struggle vs. this loaded Tampa lineup and L.A.s lineup rakes.
Plus this is a Pros vs. Joes game in the betting market as more money is on the Over whereas more of the public is on the Under. Since professional bettors wager more cash than your average Joe, the money column in the betting splits is considered the sharper side.
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Bandits vs. Panthers USFL Picks Week 5: Can Michigan Earn the Upset Win? – Sportsbook Review
Posted: at 11:34 am
Michigan Panthers Head Coach Jeff Fisher will look to rally his team after a tough one-point loss in Week 4. His club will face a Tampa Bay squad also coming off a disappointing defeat. Lets dive into the matchup with our Bandits-Panthers picks.
Both of these teams are entering Week 5 after a loss. Tampa Bays once-praised offense was rendered ineffective against Birminghams defense. A poor kicking game also left the Panthers heartbroken.
The Bandits were considered to be one of the leagues best teams, but theyve been inconsistent. And the 1-3 Panthers were once among the favorites to win the championship, but they may miss the postseason altogether.
Theyll kick off the weekend of football on Friday night looking to return to the win column and get back into the playoff conversation.
Here are my USFL Bandits-Panthers picks and predictions for Fridays game (odds via FanDuel Sportsbook and DraftKings Sportsbook; Pick confidence based on a 1-to-5 star scale).
Date: Friday, May 13, 8 p.m. ETTV: USALocation: Protective Stadium, Birmingham, AL.Weather: 63 degrees, 6% chance of precipitation, 6-mph east wind
None of the books seem to buy into the idea that the Panthers are gaining momentum. Despite two straight games with 24-plus and a shoutout win in the mix, Michigan still enters as the consensus underdog.
If you favor the Bandits, your best value can be found at DraftKings and Caesars, where theyre listed at -140. FanDuel gives you the better price on a Panthers upset at +125.
Both BetMGM and FanDuel are listing the point total at 33.5. However, BetMGM has juiced the line to -115, while FanDuels offering is more favorable at -110. The total is as high as 34 at both DraftKings and Caesars.
Tampa Bay came out flat last week in its loss to the Stallions, managing a mere 158 yards of offense. Quarterback Jordan Taamu supplied more than half of those yards. He threw for 125 yards and was the teams leading rusher while gaining 34 yards. Tampa Bay also allowed several lengthy Birmingham drives, including a 17-play series that took over nine minutes off the clock before ending in a touchdown. All 10 of the Panthers points came in the first half.
Meanwhile, the Panthers were a last-second field goal away from beating the Stars in Week 4. Unfortunately, kicker Michael Carrizosa didnt connect on his 21-yard attempt. Running back Reggie Corbin carried the day for Michigan with his 152 yards and a touchdown.
The Panthers have been slowly improving, and theyve now built enough momentum to steal a win from an inconsistent Tampa Bay club.
Michigans record doesnt tell the full story of this team, as the Panthers havent been blown out in any of their three losses. Their biggest defeat was a five-point setback in Week 1 against the Gamblers, and they suffered a single-point loss in Week 4. Their only win has been a 24-0 victory.
The Bandits have been on every side of the scoring spectrum over their first four games. They earned a one-point win and also lost in a lopsided 34-3 contest. Their inconsistency has made the teams games difficult to predict. That makes taking points a nice way to double up on investing in a Michigan win.
The Over hit during three of the four USFL Week 4 games. Michigan was a part that during its 26-25 contest against Philadelphia. But the Bandits game fell far short of reaching its 39-point total.
However, 11 of the 16 USFL games in 2022 have exceeded this mark. Teams are beginning to figure out how to score points four weeks into the season.
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SEE ALSO: Allpicks,odds, andsports betting news. Be sure to check out SportsbookReview.coms communityforumsandbetting tools.
Bandits-Panthers picks made on 5/9/2022 at 11:19 p.m. ET.
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Kansas City Royals at Texas Rangers odds, picks and predictions – USA TODAY Sportsbook Wire
Posted: at 11:34 am
The Kansas City Royals (9-17) meet the Texas Rangers (11-16) Tuesday for the start of a 3-game set at Globe Life Field. First pitch is scheduled for 8:05 p.m. ET. Lets analyze Tipico Sportsbooks lines around the Royals vs. Rangers odds with MLB picks and predictions.
K.C. is 3-7 in the last 10 games and lost back-to-back games vs. the Baltimore Orioles Sunday-Monday to drop its 3rd consecutive series.
Texas lost its rubber match Monday with the New York Yankees 1-0, but the Rangers won their previous 2 series vs. the Philadelphia Phillies and Atlanta Braves.
The Rangers beat the Royals 4-2 in last years season series. Texas outscored K.C. 42-33 in those meetings.
RHP Brad Keller vs. LHP Martin Perez
Keller 1-2 with a 1.74 ERA, 0.84 WHIP, 2.3 BB/9 and 5.5 K/9 in 31 IP in 5 starts. He threw 6 1/3-scoreless IP in K.C.s 7-1 win over the St. Louis Cardinals May 3 with 4 H, 3 BB and 2 K.
Perez 0-2 with a 2.25 ERA, 1.04 WHIP, 2.9 BB/9 and 6.4 K/9 in 28 IP across 5 starts. He got a no decision in Texass 2-1 win over the Phillies, pitching 7 scoreless IP with 4 H, 4 BB and 4 K.
Odds provided by Tipico Sportsbook; access USA TODAY Sports Scores and Sports Betting Odds hub for a full list. Lines last updated at 12:48 p.m. ET.
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Royals 3, Rangers 2
SlightLEANto theROYALS (+115)because theres a line freeze in the betting market and the Rangers (-140) are 1-9 overall in their last 10 games as a favorite since the beginning of last season.
According to Tipico Sportsbook, roughly 75% of the action is on Texas, but the line hasnt budged off the opener, which suggests the House wants more pro-Rangers bets.
However, this is a toss-up game since the pitching staff matchup is a wash and the lineups are neck-and-neck in WAR (per FanGraphs).
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PASSbecause the Royals +1.5 (-180) is out of my price range and the Under is my favorite wager in this game.
LEANto theUNDER 7.5 (+105) because both lineups struggle vs. their respective opposing starters pitching handedness and these starters have a combined 2-7 O/U record this season.
The Royals rank 25th in wRC+ (86), 25th in wOBA (.253) and 21st in BB/K rate (0.36) vs. left-handed pitching, according to FanGraphs.
The Rangers rank 28th in both wRC+ (73) and wOBA (.261) and 25th in BB/K rate (0.32) against right-handed pitching.
But, its only aLEANto theUNDER 7.5 (+105) because neither bullpen is trustworthy.
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Goodyear 400 Race Prop Picks: Matchups and Top 10s – Sportsbook Review
Posted: at 11:34 am
The NASCAR Cup Series heads to Darlington, South Carolina for a throwback weekend on Sunday. Lets dive in with our Goodyear 400 prop picks.
Weve seen the stars of the NASCAR Cup Series race at Darlington five times since 2020, leading to a treasure trove of data points to use while attacking the betting market.
Chevrolet heads into the event on a two-race winning streak. Bowties have crossed the finish line first in five of the last seven races.
Here are my top prop picks for NASCARs Goodyear 400 at Darlington Speedway in Darlington, South Carolina (odds via DraftKings Sportsbook).
SEE ALSO: Goodyear Picks and NASCAR Preview
This line leans far too much on Hendrick Motorsports recent string of success. Chase Elliott simply hasnt been good at Darlington. He owns just two top-five finishes and four top 10s over 10 starts. Hamlin has finished ahead of him seven times, too.
Elliotts best performance at Darlington came way back in 2014 when he won during his first Xfinity Series start at the track. Its been all downhill since then, with Elliott managing only a 24th-place result in his next attempt. He has yet to revisit victory lane at Darlington in the Cup Series.
Hamlin ranks second among active drivers with his average finishing position of 7.1, and third among drivers who have made multiple starts at the historic track. That kind of edge means Hamlin should be favored in this market, but were getting him at the same price as Elliott instead.
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Chris Buescher has looked solid lately. He won the pole at Dover Motor Speedway and wheeled his No. 17 Ford to an eighth-place finish. He also owns three top 10s in 2021, two more than at this point in 2021. But were fading him anyway because Jones has been so much better at Darlington.
Jones ranks third among active drivers with his average finishing position of 10.1 at Darlington. He may no longer possess the Joe Gibbs Racing equipment that helped him rattle off a win and six top 10s over six outings. But weve seen enough life out of Petty GMS Racing this year to target him here anyway. Jones already owns one top-five finish and four top 10s in 2022. Thats one more top five than all of 2021.
Jones is 6-2 against Buescher at Darlington. Both of Bueschers better finishes came last season, including the fall race at Darlington when Jones lost an engine after 264 laps. This market shouldnt be favoring Buescher, and were getting great value.
SEE ALSO: Goodyear 400 Expert Picks and NASCAR Bet Slips
Well double down on Jones with this play. That Jones Boy was fantastic for Joe Gibbs Racing at Darlington, never finishing outside the top 10. Jones owned an average finish of seventh place at Darlington before blowing an engine in 2021.
The improvement weve seen out of Petty GMS Racing since the merger is enough for me to back Jones with confidence here. The team boasts five top-10 results thus far in 2021. Further, Jones average running position of 15th ranks 11th, so we know his equipment is good enough for him to stick around up front.
Of the 36 drivers entered in the Goodyear 400, 17 face shorter odds to score a top-10 finish. That shouldnt be the case. Lets hope to more than double our money while targeting Jones at a shockingly friendly price.
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Goodyear 400 prop picks made on 5/8/22 at 7:47 p.m. ET
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Sports betting in Michigan: Promo codes, top-rated online sports betting promotions, apps, how to play – CBS Sports
Posted: at 11:34 am
Michigan online sports betting continues to grow since being legalized in 2019, and Caesars Sportsbook Michigan is leading the way by giving fans more reasons to play. Summer is almost here and pro sports are in their best season, making it the perfect time to use a unique Caesars Sportsbook MI promo code and win big. The latest Caesars Sportsbook MI deposit bonus is live and ready to be redeemed. Baseball season is well underway and pro basketball and hockey playoffs are heating up, so it is the perfect time to check out the newest Caesars Sportsbook MI sign-up code.
If you are a new registrant who is 21+ and located in Michigan*, you can register, deposit, and take advantage of all that Caesars Sportsbook has to offer. When you click, you may be able to see their latest promo offer(s), if there is an offer at the time. Offers vary from time to time and Terms and Conditions will apply to the offers. See details here.
Here are some of the ways you can bet on sports like football and basketball at Caesars Sportsbook Michigan:
Against the spread: This method is the most popular way to bet on sports like basketball and football. Both sides are handicapped, with the favorite listed with a minus sign. If the Detroit basketball team is listed as a -7.5 favorite, that side must win by eight points or more to cover the spread. If Detroit is listed at +7.5, that side is the underdog and must either win outright or lose by seven points fewer to cover.
Proposition bets: A "prop" bet is a wager on a given outcome within a game other than the final score. A prop bet in a baseball game between Detroit and Chicago could be on whether a big hitter for Detroit hits a home run. A bet could also be placed on whether a starting pitcher makes it through seven innings or on how many strikeouts he records.
Futures: Futures bets are more of big-picture gambles on long-term events, like a full sports season. With baseball officially back in action, you can place a wager on which team you think will win the championship this fall. Even though the pro football season won't start for a few more months, bettors with Caesars Sportsbook MI can make early wagers on how they think Detroit's football team will perform.
Ready to get started? Click here to get the latest promo from Caesars (See details here). Remember to use the promo code on the Caesars landing page.
*MI only. 21+. New users only. See Caesars.com/promos for full terms. Void where prohibited. Gambling Problem? Call the Michigan Department of Health and Human Services Gambling Disorder Helpline at 1-800-270-7117.
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Use of nuclear weapons by Russia would lead to WW3 – German MP – Ukrinform
Posted: at 11:33 am
The use by the Russian Federation of nuclear weapons in its ongoing war against Ukraine would lead to World War 3.
The opinion was voiced by German MP Gregor Gysi, who spoke with Guildhall, Ukrinform reports.
If Russia uses a nuclear weapon against Ukraine, with or without a resolution of the UN General Assembly, all of humanity will be affected and it will lead to WWIII. So I'm assuming and hoping that it won't come to that, Gysi said.
The statement came as a response to a question of whether the UN General Assembly should adopt a resolution providing that, if Russia nukes Ukraine, this would mean declaring a war against all humanity.
I would react to the threat in such a way that Russia would cause World War III and go under itself, Gysi concluded.
As reported earlier, Russian Foreign Minister Sergei Lavrov during an informal meeting with the CIS diplomats once again suggested that Russia could use nuclear weapons, not ruling out such an option.
President Volodymyr Zelensky of Ukraine warned that the world should prepare for a nuclear strike by the aggressor power.
On the air of the Russia 1 TV channel, Russian propagandist Olga Skabeeva and MP Alexei Zhuravlev discussed how many seconds it would take for the Sarmat intercontinental ballistic missile to reach the capitals of Great Britain, Germany, and France the nations supplying weapons to Ukraine.
Earlier, the head of the Center for Defense Reforms, coordinator of the interagency platform for countering hybrid threats, which operates within the framework of Ukraine-NATO cooperation, Oleksandr Danyliuk also stated that, in response to confirmation of intentions to use nuclear weapons against Ukraine, Russia should be excluded from the UN Security Council, and the UN General Assembly should immediately adopt a resolution that such a step on the part of the Russian Federation would be a declaration of war on humanity.
As reported previously, former Commander of the Estonian Defense Forces, MEP, Lieutenant General Riho Terras believes the UN General Assembly should adopt a resolution that the use of nuclear weapons by Russia against Ukraine will be seen as a declaration of war on all mankind.
Ex-Minister of Defense of Lithuania, MEP Rasa Jukneviien, shares the idea that Russias use of nuclear weapons would mean theyre at war with the whole world.
Also, the head of the Foreign Affairs Committee of the Latvian Parliament, Atis Leji, supported the initiative on the need for the said UN resolution to be adopted.
A Member of the House of Lords of the British Parliament, former British Foreign Secretary David Owen, believes the initiative to discuss at the UN General Assembly the recent Russian threats to use nuclear weapons is worth looking into.
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Use of nuclear weapons by Russia would lead to WW3 - German MP - Ukrinform
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Interpretative dancers just performed at the European parliament and people are confused – indy100
Posted: at 11:33 am
The four-day Conference on the Future of Europe has come to a close in the most unconventional way.
To mark the end of the event in Strasbourg where EU lawmakers came together to discuss how they can improve the European Union a troupe of interpretive dancers appeared out of nowhere.
They performed a routine around the hemicycle for the first ten minutes, with a narrator that reportedly whispered in French: "You have just arrived on the Moon... your hands become fish... You discover a new planet. Here, plants have taken power." MEPs could be seen awkwardly watching on looking just as baffled as those on Twitter when the clip surfaced online.
Choreographed by French dancer Angelin Preljocaj, the unexpected move led Pro-Brexiteers to chime in on the action.
GB News presenter Darren Grimessaid: "Interpretative dance at the EU parliament. Brexit was worth it to avoid this alone.
"The faces of the MEPs are hilarious. #cringe"
Nigel Farage also jumped in and reiterated on Twitter: "There are many reasons why I am pleased to no longer be an MEP.
"Not having to witness this 'interpretive dance' is one of them."
One Twitter user hit back at Farage, saying: "Other countries have a deep and ancient culture to you bell***. Just coz you dont like or respect it doesnt mean its bad or wrong."
"You hardly ever turned up, Nige," another joked.
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More stunned people turned to social media to gauge what was happening.
"WW3 about to break out... But first..let's dance," one witty user penned, while another mirrored his comments, tweeting: "There are people starving, on the verge of WW3 and they are wasting time and money on that... Looking at some of the representatives, they don't look impressed."
The room was treated to another performance around an hour later. But, this time, it was Beethoven's Ode to Joy - the European anthem by a group of musicians from each member state.
EU Parliament President Roberta Metsola concluded: "Citizens - especially young people - are at the heart of our vision for the future of Europe. They have directly shaped the outcome of the Conference.
"We are at a defining moment of European integration and no suggestion for change should be off-limits.
"We should not be afraid to unleash the power of Europe to change people's lives for the better."
Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
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Interpretative dancers just performed at the European parliament and people are confused - indy100
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Rising Longevity and the Desire to Live Well in Retirement Influence Americans’ Priorities and Planning, Edward Jones and Age Wave Research Finds – PR…
Posted: at 11:32 am
Majority of Americans say they want to live for a century, but only if they're living well
ST. LOUIS, May 11, 2022 /PRNewswire/ -- Edward Jones' and Age Wave's latest representative study of more than 11,000 North American adults, "Longevity and the New Journey of Retirement," examines the changing definition of retirement, the patterns of people's experience in retirement and the keys to thriving along the way. Despite Americans' worries about health care and long-term care costs in retirement, they still desire to live longer, and nearly seven in 10 Americans (69%) want to live to age 100.
Americans who want to live to 100 indicated that they hope to live longer because they want to spend more years with family and friends (35%), they are enjoying life and want to continue doing so (23%), they are curious about the future (19%) and there is so much more they want to do (18%). Only 6% said they wanted to live longer because they are afraid of dying. Additionally, retirees now say the ideal length of retirement is 29 years.
On the contrary, some Americans indicated that they would not want the extra longevity if they were suffering with terrible health (32%), if they became a burden on their families (29%), if they had serious cognitive loss like that of Alzheimer's disease (20%), or if they no longer had purpose in life (14%).
Not Your Parents' Retirement: A Whole New Chapter in Life
The definition of retirement has vastly changed from that of previous generations. Pre-retirees* and retirees view their parents' version of retirement as a time for "rest and relaxation." However, when asked about their own retirement today, only 27% see today's retirement as "a time for rest and relaxation," while 55% define it as "a new chapter in life."
"Today's retirees enjoy a growing array of opportunities to stay engaged, possibly reinvent themselves and enjoy the freedoms of this stage of life. This is definitely not their parents' or grandparents' retirement," said Ken Cella, Principal, Branch Development at Edward Jones. "At the same time, they face new challenges, especially around their health, their finances and finding a new definition of purpose."
Edward Jones and Age Wave also found blurred lines around what people think marks the beginning of retirement. The top milestones that pre-retirees and retirees view as the "start" of this chapter include stopping full-time work (34%), receiving Social Security and/or a pension (22%), leaving one's job/career (17%) and achieving financial independence (17%). Only 10% said the start of retirement meant reaching a certain age.
This changing definition is reflected in pre-retirees' and retirees' retirement plans, as a majority (59%) want to work in some way during their retirement, with 22% looking to work part time, 19% hoping to cycle between work and leisure and 18% wishing to work full time.
Uncovering Four New Retirement Stages and Four Different Journey Paths
Edward Jones and Age Wave's research defined the four new stages of retirement: Anticipation (0-10 years before retirement), Liberation/Disorientation (0-2 years after retirement), Reinvention (3-14 years after retirement, and Reflection/Resolution (15+ years after retirement). Each stage presents unique expectations, priorities, challenges, hopes and helpful planning for retirement.
In the heart of retirement (Reinvention), the study further identified four distinct journey paths characterized by people's attitudes and ambitions, retirement preparations and their level of enjoyment of life in retirement. By examining the trajectory of these paths, the researchers also uncovered how decisions and strategies for living throughout the early and middle years of life can impact the retirement years both negatively and positively.
The four paths identified in the research include:
"We are witnessing the birth of a new retirement with unique stages and journey paths for everyone," said Ken Dychtwald, Ph.D., psychologist/gerontologist and founder and CEO of Age Wave. "Successful retirees have enjoyed a mostly positive, satisfying life and are looking forward to the years ahead. Their emotional intelligence and hard-earned resilience can provide invaluable guidance as tomorrow's retirees contemplate how to best plan to fulfill their hopes and dreams for retirement."
Early Action Is Key to Successfully Navigating the Retirement Journey
While everyone's experience of retirement is different, one thing is clear from the research: Retirees who report better quality of life took more steps decades in advance to prepare and plan across all the four pillars of Finances, Purpose, Family, and Health. From saving early and consistently and developing healthy habits to communicating with close family and discovering passions and interests, there are several steps pre-retirees and those early in retirement can take to make the most of their retirement.
The value of financial foresight cannot be underestimated, as the traditional "three-legged stool" for funding retirement pensions, Social Security and personal savings has become even more wobbly, and unexpected expenses can arise in retirement. Working Americans must double down on the third leg of the stool: saving. According to the study, retirees say they started saving for retirement at age 38 on average, but in retrospect, they should have started saving nearly a decade earlier, at age 29. In addition to saving, other key pre-retirement actions to take include tending to ongoing health and preventive care, discussing retirement plans and goals with family and friends, beginning or expanding volunteering activity and working with a financial advisor, who can be instrumental in interpreting current market conditions and developing a holistic financial plan to better financially prepare for a 100-year lifespan, as well as the expenses that come with it.
"Edward Jones' century of experience guiding clients through periods of immense volatility and waves of economic and societal change give us the benefit of hindsight to help current and future clients," added Cella. "Understanding the way people today view retirement, and what changes retirees wish they could have made, improves our ability to serve them in a human-centered way and help them each achieve what's most important to them and their families."
In addition to these findings, the complete report dives deeper into the stages of retirement, highlights the four distinct journey paths in retirement and unveils how to achieve the best quality of life in retirement, leveraging the preparation actions and behaviors of those who are thriving in retirement as a benchmark. To access the report and for more details on Longevity and the New Journey of Retirement, please visithttps://www.edwardjones.com/newretirement.
*Pre-retirees are defined as those ages 45 or older, planning to retire within the next 10 years.
MethodologyThis report is based on a large-scale investigation to better understand how to live well through the new journey of retirement. The study was conducted by Edward Jones in partnership with Age Wave and The Harris Poll.
The study began with qualitative research consisting of a three-day online forum conducted Sept. 28-30, 2021 (n=40) and six 90-minute online focus group discussions conducted Oct. 5-7, 2021 (n=36). The online forum and online focus groups included adults age 45+ from the U.S. and Canada who were retired or within 10 years of retirement.
Nationally representative surveys of more than 11,000 people were conducted online in January and February 2022. The main survey included roughly 6,000 U.S. adults and 1,000 Canadian adults age 45+ who are retired or within 10 years of retirement. Additional omnibus surveys included over 4,000 U.S. adults age 18+. Results were weighted where necessary to bring them into line with their actual proportions in the population.
AboutEdward JonesEdward Jones, a Fortune 500 firm, provides financial services in the U.S. and through its affiliate in Canada. The firm's nearly 19,000 financial advisors serve more than 8 million clients with a total of $1.7 trillion in client assets under care. Edward Jones' purpose is to partner for positive impact to improve the lives of its clients and colleagues, and together, better our communities and society. Through the dedication of the firm's 50,000 associates and our branch presence in 68 percent of U.S. counties, the firm is committed to helping more people achieve financially what is most important to them. The Edward Jones website is at http://www.edwardjones.com, and its recruiting website is http://www.careers.edwardjones.com. Member SIPC.
About Age WaveAge Wave is the nation's foremost thought leader on population aging and its profound business, social, financial, health care, workforce and cultural implications. Under the leadership of co-foundersKen Dychtwald, Ph.D., andMaddy Dychtwald, the firm has provided breakthrough research, compelling presentations, award-winning communications, education and training systems, and results-driven consulting initiatives to over half the Fortune 500. For more information, please visitwww.agewave.com.
About The Harris Poll The Harris Poll is one of the longest-running surveys in the U.S., tracking public opinion, motivations and social sentiment since 1963 that is now part of Harris Insights & Analytics, a global consulting and market research firm that delivers social intelligence for transformational times. The firm works with clients in three primary areas: building twenty-first-century corporate reputation, crafting brand strategy and performance tracking and earning organic media through public relations research. Their mission is to provide insights and advisory to help leaders make the best decisions possible. To learn more, please visit http://www.theharrispoll.com.
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