Word: pooling
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Dates: during 1950-1950
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...numbers pools--otherwise known as the policy racket and nigger pool--probably involve more people in the Square than any other form of bookmaking. Almost every Boston paper publishes the payoff numbers...
...little mathematics to see that they are getting thoroughly milked by the odds in the numbers racket. One three-figure number, which has a one out of 999 chance of appearing, pays off only 600 to one. And as if a sure 40 percent weren't enough for the pool operators, they have instituted "half-numbers:" numbers which are bet more frequently than others, and on which for various reasons a significantly higher number of bets are placed than simple odds would predict. These numbers--there are close to 100 of them now--pay off only 300 to one. They...
There can be little doubt that Harvard Square is considered a lucrative market by the higher-ups in local booking. The operator of a highly-legitimate pool and billiard hall on Holyoke Street was approached by five men "with propositions" in the scant three months that his place operated this winter. Three of these men offered to help him pay his rent every month if he would let them meet bettors there from 11 a.m. to 3 p.m. every afternoon. The other "businessmen" wanted to buy out the place and use it as a front. They offered $8000, which, although...
...sports pool betting, recent investigators named the most active gambling centers as being New York City, Philadelphia, St. Louis, Chicago, and Pittsburgh. "There is also betting at ball parks in Detroit, Cleveland, and Boston, the difference here being that local syndicates control the gambling in these latter three cities. The betting in the rest of the leagues is largely dominated by the Frank Erickson-Frank Costello group and its associates...
...sports-pool betting, therefore, there is reason to believe that national syndicates do exercise some control over Boston operations. Further proofs that at least some of Boston's sports pools are operated by a separate eastern syndicate were brought to light last summer. Two men were arrested on August 23, 1949, by Boston police in a raid which uncovered equipment indicating a tie-up with baseball pool syndicate activities then under scrutiny by New York investigators. They had previously ascertained that underworld-controlled "wire services," once devoted to horse racing, are now used to communicate baseball odds to bookmaking establishments...