Betting on baseball cards – Jul. 28, 2006

It boils down to a couple of simple principles — how many there are and what kind of condition the card is in.

NEW YORK (CNNMoney.com) — Once a year, baseball-card collectors gather for the granddaddy of all sports collectible conventions – the National Sports Collectors Convention.

Earlier this year, the Major League Baseball Players Association lent their assistance, cutting in half the number of licenses it offers to card manufacturers in an effort to rid the glut of new cards on the market.

The market has been bouncing back, particularly vintage cards, those that date backs 25 years or more. But with Ripken’s achievement faded from the minds of collectors, that same ungraded card would only fetch $40 today.

Steroids’ next victim: Baseball labor peace Top of page

Then there are the cards from the 1970s and 1980s, which predate the card explosion, that some experts like Kelnhofer say could experience the next wave of popularity.

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In fact, the fabled Honus Wagner card, which was produced by the Sweet Caporal Cigarette Company in 1909, is currently the most expensive card in existence, worth a cool $1.265 million. Flooding the market with multiple versions of new cards, the manufacturers drove down card values.

The hobby looks like it has rebounded from the doldrums of the 90s, but is there money to be made in collecting Aarons and Ruths?

Currently underway in Anaheim, Calif., the four-day event will not only be a place for collectors to haggle over the value of their Lou Gehrigs and Jackie Robinsons, there’s bound to be a few collectors who reflect on how the hobby took a nosedive during the 1990s.. “Investors just need to hear it’s safe to go back in.”

What’s hot now

And in June, Major League Baseball and the players’ association teamed up with card manufacturers Topps and Upper Deck to launch the first ever National Baseball Card Day, giving out 500,000 card packs at hobby shops and retailers nationwide in an effort to promote the hobby.

Hope for future?

Andy Madec, a dealer based in Camarillo, Calif., remembers that time vividly.

But there is a lot of fickleness too, says Scott Kelnhofer, editor of Card Trade, the monthly trade journal for the sports collection industry

“It just got too out of hand,” says Madec, who runs his own firm, Andy Madec Sports Cards Inc.

Even though the hobby struggles to bring young collectors into the fold, there have been some promising signs for baseball card collecting as of late.

Best baseball books

Take Cal Ripken Jr.’s 1982 Topps rookie card. (See the most valuable cards.)

But many in the industry, like Madec, who is currently attending the National Sports Collectors Convention, is certain that is there is a future for this enduring hobby, despite its setbacks in recent years. Even in good times, collecting is a tough hobby. “The vintage market is still the place for people to get involved purely from an investment standpoint,” says Kelnhofer. But that was until the card companies tried to get in on the fun. “This market has incredible potential,” he says. “There’s always buyers and sellers for that material.”

Most valuable cards

“It’s a tricky thing,” Kelnhofer says. In 1996, the year after Ripken broke Lou Gehrig’s record for number of most consecutive games played, a card in mint condition that had not been professionally appraised would have sold for $90. “It turned people off.”

Rookie cards of players like Mickey Mantle, who typified the golden era of baseball, are always in high demand among older collectors.

Cards dating back to the turn of the 20th century that were produced as promotional items for ice cream, candy and tobacco companies are some of the hottest cards on the market right now, according to collectors.

Dealers like Stephen Dickler, who runs SD Trading, located just outside of Philadelphia, says moves such as this could work, but it’s too early to tell. “There’s no guarantee it will happen,” says Dickler. “The questions are still out there as to whether it will have an impact or not.”

Up until the late 1980s and early 1990s, collectors were living in a golden age, says Madec – returns of 20 percent in just six months were not unheard of

How To Bet And Win In Horse racing

As the odds for winning increases so does the payout. If one horse win and the other does not, you will lose your bet, both horses must win for you to see dividends.

Pick 9: Same as the Pick six, the only difference is that the odds are stacked much more higher and so is the payout. The Odds of the quinella are much higher than a direct win, so more money will be won if the quinella comes through.

Trifecta:If you are really lucky or really know your horses, you can wager on what is called a trifecta. So if you wager on horses 6 and 7 in an exacta or sometimes called a perfecta, you must specifically state which horse you bet will come first and which horse will come second.

High Five: You are wagering that your choice of 5 horses will finish 1st through 5th places in a single race. Betting beg on a pick 9 can give you millions in winnings.

Quinella: The Quinella is a term given to a bet that picks the two horses which will come first and second no matter the order. So if you are wagering on race 1 and race 2, you must bet on the horse that will win in race 1 and the horse that will win in race 2. The odds of picking the six winners in six races are high and so are the payoffs.. So if you bet that horses number 6 and 7 will come first or second, doesn’t matter which one comes first or second. Placing a $100 dollar bet on a good trifecta will give you a broad nice smile on you face when collecting your winnings.

Pick Four: Are you feeling a bit more lucky? well pick four is for you, you are wagering that your choice of 4 horses will win in FOUR consecutive Races. These bets are not available in all races as many factors depict if a customer can wager on a high 5 race such as the amount of horses in the race.

Exacta: In the exacta, you can pick the horses that will finish first and second in exact order. A trifecta is where three horses are placed in the exacta order of finishing 1, 2, and 3. So your wager is on horses 6, 5, 7 & 8 (all in 4 consecutive races)

Pick Six: No, this is not the lotto, you must be very lucky to burst this bubble, you are wagering that your choice of 6 horses will win their respective Races. Races with 7 or less horses are usually excluded from High 5 or another term pick 5 wagering.

Double Event: This waging is when you select the two winners from two consecutive races. All horse tracks offer exacta betting on most races

Pete Rose sues former baseball investigator over rape claims

Dowd damaged his reputation and endorsement deals during a July 2015 interview on WCHE-AM in West Chester, Pennsylvania.

The lawsuit states Dowd said during the radio appearance that Rose associate Michael Bertolini told investigators he “ran young girls” to Rose during spring training, which Dowd called “statutory rape every time.” Bertolini’s lawyers issued a categorical denial last summer.

“Michael Bertolini, you know, told us that he not only ran bets but he ran young girls for him down at spring training, ages 12 to 14,” Dowd responded last year. “Isn’t that lovely. So that’s statutory rape every time you do that.”

On July 13, Dowd was asked on WCHE-AM whether he found Rose to be a likable person.

Dowd subsequently told NJ.com that he did not want to discuss the Bertolini allegation any longer, saying it had been blown out of proportion.

A portion of Dowd’s 1989 report for Major League Baseball was headed, “Rose-Bertolini Betting.”

Former baseball star Pete Rose on Wednesday sued the lawyer whose investigative report got him kicked out of baseball for gambling, alleging the lawyer defamed him last year by saying on the radio that Rose raped young teen girls during spring training.

Rose, who lives in Las Vegas, had applied for reinstatement to the game last year and was about to appear at an All-Star Game in Cincinnati, where he coached and played, when Dowd said on Jim Rome’s radio show on June 23, 2015, that Rose “had Bertolini running young women down in Florida for his satisfaction,” the lawsuit said.

A man answering a phone listed for Dowd in Massachusetts did not identify himself, would not take a message and abruptly hung up on a reporter seeking comment.

Dowd investigated Rose for Major League Baseball in 1989, leading the league’s all-time hits leader to be declared ineligible for the Hall of Fame.

“Rose never did any such thing and until the Dowd accusations, no one had ever claimed he did,”Rose’s lawyers wrote in the complaint.

Rose said in the federal lawsuit that John M. “What Dowd attributes to Bertolini is false: Bertolini states he never told Dowd any such thing.”