Tag Archives: Bet

Headlines, NBA, News

Mark Cuban Loses The Dallas Mavericks From A Bet

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empire-sports-mark-cuban-loses-dallas-mavericks-bet-gamble-ownerDallas, Texas-

One of the most infamous owners in the NBA has to be Dallas Mavericks owner Mark Cuban. Cuban is known for being a billionaire, and star of the ABC television show “Shark Tank.” Cuban made his fortune by taking risks throughout his life, and it paid off substantially for him up until now.

Cuban had placed a bet with a fellow business partner, and has lost the Dallas Mavericks because of it. The name of the person who has won the bet has not yet been released, but soon enough his or her face will have to surface. The bet was said to be made over a product Mark had invested in on the television show Shark Tank.

If the product made X amount of money in the first year of running the business, Cuban’s partner would pay  triple the profits. If it didn’t make the money, Cuban would lose his NBA team. Fate did not shine down on Cuban, because now he is legally forced to give up the team.

“All I can say is that the person who won the bet has some legal background, because there is nothing I can do to get the Mavericks back.” said Cuban. “It is truly embarrassing in a sense. I loved my team, and didn’t realize that they meant more to me than some stupid bet. Granted, this does suck, it is my mistake and I am a man of my word. For now the person will take the team, but I am working on getting them back, but the contracts and paperwork is making it a lot harder than I thought it would be.”

The players have not commented on the news of Cuban losing the team, but perhaps they will see it as a fresh beginning.

Headlines, NBA, News

President Obama Admits Losing $800 Betting On Miami Heat Game; Republicans Outraged

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empire-sports-president-obama-loses-bet-miami-heat-john-mccain-paul-ryan-upsetIn a conversation on Monday, President Obama said that he had made a friendly wager on a Miami Heat basketball game which cost him $800.  

When asked about the bet by a member of the media the President shrugged it off, reaffirming that it was, “just a friendly bet between friends.”

However, several Republican lawmakers have expressed outrage over the bet, including Arizona Senator John McCain and former GOP Vice Presidential candidate Paul Ryan.

The legality of sports betting is not the issue that has the GOP up in arms.  According to Senator McCain, it sends a bad message to the poor and middle class in the country.

“The President is already gambling with our health care system and now he’s literally gambling with tax payer money,” said McCain.  “It’s an outrage. The President is not setting a good example for the country.”

Paul Ryan added, “We have mounds of debt, the country is on a path to bankruptcy, the Republican Party is worried about saving this country while the President is throwing money away.”