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Thursday, April 21, 2016

THE 2016 SUMMER GAMES THE RIO OLYMPICS;



THE 2016 SUMMER GAMES THE RIO OLYMPICS;
The 2016 Summer Olympics (Portuguese: Jogos Olímpicos de Verão de 2016), officially known as the Games of the XXXI Olympiad, and commonly known as Rio 2016, is a major international multi-sport event in the tradition of the Olympic Games due to take place in Rio de Janeiro, Brazil, from August 5 to August 21, 2016. Record numbers of countries are participating in a record number of sports. More than 10,500 athletes from 206 National Olympic Committees (NOCs), including first time entrants Kosovo and South Sudan, will take part. With 306 sets of medals, the games will feature 28 Olympic sports — including rugby sevens and golf, which were added by the International Olympic Committee in 2009. These sporting events will take place at 33 venues in the host city and at 5 venues in the cities of São Paulo (Brazil's largest city), Belo Horizonte, Salvador, Brasília (Brazil's capital), and Manaus.
These will be the first Summer Olympic Games under the IOC presidency of Thomas Bach. The host city of Rio de Janeiro was announced at the 121st IOC Session held in Copenhagen, Denmark, on 2 October 2009. Rio will become the first South American city to host the Summer Olympics, the second city in Latin America to host the event after Mexico City in 1968, and the first since 2000 to be held in the Southern Hemisphere.
On Thursday, 21 April 2016 the Olympic Flame was lit at a ceremony in Ancient Olympia. The Rio 2016 Olympic Torch Relay will visit 329 towns and cities in Brazil. The Flame will travel over 20,000 ...

CONCERNS AND CONTROVERSIES

Water pollution

The beaches in Rio de Janeiro have been a major health hazard that has been present and can pose a major threat among athletes. Progress has been very lackluster from the lack of cleanup with trash strewn across the beaches in Rio, while officials have promised to make the water safe. During an Olympic test event in August 2015 a German sailor was infected by multi-resistant germs, which may have been caused by waste water from the city's hospitals and sewer system running into the sea near the Olympic venues.
https://upload.wikimedia.org/wikipedia/commons/thumb/e/eb/Marina_da_Gl%C3%B3ria_1.jpg/220px-Marina_da_Gl%C3%B3ria_1.jpg
Marina da Glória, local of sailing competitions

Zika virus

An outbreak of the Zika virus occurred in Brazil in January 2016. It was announced that there would be daily inspections of Olympic venues to prevent puddles of stagnant water that allow mosquitoes to breed.

Political instability and economic crisis

The political instability currently facing Brazil may jeopardize the 2016 Olympics:
In 2014, Operation Car Wash, an investigation by the Federal Police of Brazil, uncovered money laundering and corruption at an unprecedented scale at the state-controlled oil company Petrobras, where it was alleged that executives accepted bribes in return for awarding contracts to construction firms at inflated prices. In early 2015, a series of protests began in Brazil against corruption and to denounce the government of President Dilma Rousseff, triggered by revelations that numerous politicians were involved in the Petrobras affair. By early 2016 the scandal had escalated into a full blown political crisis involving not only President Roussef, but also former president Lula da Silva, resulting in massive demonstrations all over the country involving millions of protesters. At the same time (late 2015, early 2016) Brazil faced its worst economic recession since the 1990s. In March 2016, CNN informed that "Brazil descends into chaos as Olympics looms", voicing rising concerns over whether Brazil would be adequately prepared for the games against such a volatile political and economic backdrop. Allegedly the International Olympic Committee is "very closely" watching the political events unfolding. On top of that the operating budget for the games was slashed by $500 million to $1.85 billion in January 2016.
 https://upload.wikimedia.org/wikipedia/commons/thumb/1/16/Protestos_de_15_de_mar%C3%A7o_de_2015_no_Rio_de_Janeiro.jpg/220px-Protestos_de_15_de_mar%C3%A7o_de_2015_no_Rio_de_Janeiro.jpg
Political instability affects Brazil's initial climate of enthousiasm for the Olympics
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Despite all the concerns and controversy, the Rio Olympic Games will still take place and would be seen as the greatest games on earth to be stage successfully.

SPORT AND NATIONAL IDENTITY



SPORT AND NATIONAL IDENTITY

The United Nations Report on the International Year of Sport and Physical Education 2005 highlights the benefits that sport can bring in building national identity, especially at the level of elite sport.

Sport can provide a positive image of the nation to the international community. Studies on specific cases have shown that sport, especially football, can positively contribute to strengthening national pride and forming a cohesive national identity.

For example, a study on the case of football in Liberia shows that football is considered ‘a “neutral” pursuit – a common cultural property unspoiled by war’. During the civil conflict, football tournaments were considered the only occasions that produced a sense of national unity.
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On the other hand, sport can produce nationalist expressions that are detrimental to peace. For example, the 1956 Olympic water polo match between Hungary and the Soviet Union that took place after the Soviet invasion of Budapest led to violent clashes between the athletes.

In addition, many scholars associate the importing of modern sport into former colonies as an explicit strategy of imperialism and conquest. In this sense, it is necessary to consider both the potential dangers and benefits of sport in forming national identity.
 

BOOKIES: HOW THEY MAKE THEIR MONEY.



BOOKIES: HOW THEY MAKE THEIR MONEY.

A bookie is someone who facilitates gambling, commonly on sporting events, by setting odds, accepting and placing bets, and paying out winnings on behalf of other people. "Bookie" is a slang term for "bookmaker." Bookies do not usually make their money by placing bets themselves, but by charging a transaction fee on their customers' bets known as a "vigorish," or "the vig." Bookies may also lend money to bettors.
The types of gambling enabled by bookies are not always legal. Bookmaking and placing bets through a bookmaker can also be illegal. The legality of different types of gambling is determined by state governments. Some people have referred to their broker as their bookie due to large commissions and the broker's insistence on trading with regularity.
Traditionally, bookmaking is a lot like making a market in any other good or contract. The bookmaker tries to make money by matching buyers and sellers, charging a transaction fee, and taking on as little personal risk as possible.  Let's say Chun-Li and M. Bison from Streetfighter II are about to face off in a solo game of field hockey. In a world where there are no ties and each of them has an equal chance of winning, the outcomes look like this:

-Chun-Li wins          50%
-M. Bison wins         50%
If you were going to bet your money on one of these outcomes, in a fair world, you would get 1:1 odds. In other words, you would bet $100 on Chun-Li and if she lightening-kicks her way to victory, you get your original $100 back plus another $100. This gives your entire endeavor an expected value of $0 since half the time you lose $100 and half the time you win $100. In this scenario the bookie doesn't make money either. Let's say the bookie lets you and your friend bet against each other. You bet on Chun-Li and she wins. This happens:
1. You and your friend each put $100 into the pot. The pot is $200.
2. Your friend loses all his money. You get all $200 in the pot.

This scenario obviously doesn't make any sense for the bookie because the bookie gets no money. So in order to ensure a profit, the bookie adjusts the odds and payouts. For example, instead of offering 1:1 fair odds on this match, the bookie could offer 1:2 odds for each bet. This means if you bet $100 on either Chun-Li or M. Bison, you only get back $100+$50 = $150 if you win. In this example, if you bet on Chun-Li and won, this would happen:

1. You and your friend each put in $100. The pot is $200.
2. You win the bet. Your friend gets no money. You get $150.
3. The bookie gets the $50 that is leftover.
This is an extreme example, but conceptually, this is how a bookie can ensure profit on a bet. It's a bit strange to think about, but by offering 1:2 odds, the bookie is creating a universe where the bet would be fair only if each fighter had a 66% chance of winning. So the people making bets are getting a slightly lower pay-out than they would in a perfectly fair world. And that difference is the transaction fee that the bookie takes.
Bookies make this money in exchange for taking on risk. This is because not everyone bets their money at once. In the scenario above, the bookie is sitting pretty because she has balanced her book- someone is betting for Chun-Li and someone is betting for M. Bison. But this often isn't the case. By the middle of the afternoon, the bookie might find herself in a place where everyone is calling her to try and bet money on Chun-Li. If she takes on these bets, she is assuming risk and essentially taking on the other side of the bet (betting on Chun-Li to lose). So she has to find people to bet on M. Bison. One way to do this is to adjust the odds, and reduce the payout she promises to Chun-Li backers until more people back M. Bison. Or she could call other bookmakers who might have the opposite problem (too many people betting on M. Bison) and lay off her risk on those bookkeepers.
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Conceptually, this is the same way a market maker operates in a financial market like the stock market. Someone might want to sell a bunch of shares of M. Bison Corporation. The market maker would give them a slightly lower price than is "fair" in exchange for buying their shares and taking on the risk. The market maker would then look to offload those shares to buyers for more money later on. This is the bid-ask spread in the stock market.
There are other methods and nuances to bookmaking and I am definitely not an expert (or anything close). So it would be cool to hear from someone who really knows the world. But this is the general concept behind making a market in bets.

THE CAF CHAMPIONS LEAGUE



THE CAF CHAMPIONS LEAGUE
The CAF Champions League is an annual international club football competition run by the Confederation of African Football (CAF). The top club sides from Africa's football leagues are invited to participate in this competition, which is the premier club football competition in the continent and the equivalent to the UEFA Champions League. Due to sponsorship reasons, the official name is Orange CAF Champions League, with Orange Champions League also in use.
The winner of the tournament earns a berth for the FIFA Club World Cup, a tournament contested between the champion clubs from all six continental confederations, and also faces the winner of the CAF Confederation Cup in the following season's CAF Super Cup.

STRUCTURE AND QUALIFICATION

In 1997 the CAF Champions League replaced the previous pan-African competition, the African Cup of Champions Clubs; this had run from 1964–1996.  The competition is open to the winners of all CAF-affiliated national leagues, as well as the holder of the competition from the previous season. From the 2004 competition the runner-up of the league of the 12 highest-ranked countries also entered the tournament creating a 64-team field. This was in response to the merging of the CAF Cup, the secondary pan-African club competition where the league runners-up would previous play, with the CAF Cup Winners' Cup to create the CAF Confederation Cup. The 12 countries would be ranked on the performance of their clubs in the previous 5 years.
The Champions League operates as a knockout competition, with a final group stage, with each tie (including the final) played over two legs - home and away. There are 3 knockout stages: the preliminary stage, the first round (32 teams) and the second round (16 teams). The 8 teams knocked out of the second round are entered into the Confederation Cup to play against the final 8 teams in that competition. After the second round, the last 8 teams are split into two groups of 4. The winner and runner-up in these groups are sent to play in a semi-final for the chance of contesting the final.

North African dominance

Although only two North African teams had ever won the title before 1981 - Egypt's Ismaily in 1969, and Algeria's MC Alger in 1976 - since then, North Africa's teams have dominated the championship, between them winning the title on no fewer than 22 out of the last 28 tournaments.
Particularly dominant have been the two Egyptian giants and Cairo-based arch-rivals, Al Ahly and Zamalek. The Cairo ‘Red Devils’ (Al Ahly) have won it a record eight occasions- in 1982, 1987, 2001, 2005, 2006, 2008, 2012 and 2013; while the Cairo ‘White Knights’ (Zamalek) have taken the honours on five occasions - 1984, 1986, 1993, 1996 and 2002.
The other North African teams that have made a big impression in this tournament are Morocco's Raja Casablanca, who has emerged victorious three times – in 1989, 1997 and 1999, Algeria's JS Kabylie in 1981 and 1990, Algeria's ES Sétif in 1988 and 2014, and Tunisia's Espérance de Tunis in 1994 and 2011. -

Recent developments

Apart from the introduction of the away goals rule (in which the team wins which has scored more goals playing ‘away’ if there is a tie in the aggregate score line over the two legs), very little changed in this competition until 1997. In this year, CAF took the bold step to follow the lead established a few years earlier in UEFA by creating a league stage in the tournament and changing the name to the CAF Champions League. CAF also introduced prize money for participants for the first time.
With a purse of US$1 million on offer to the winners and US$750,000 to the losing finalist, the new Champions League had become the second richest club competition in Africa after the ABSA Premiership worth $2 million. In the new format, the league champions of the respective CAF member countries went through a series of preliminary rounds until a last 16 stage. The 8 winners of this round were then drawn into two mini-leagues of 4 teams each, with each team playing each other on a home and away basis. At the end of the league stage, the top two teams in each group meet in the semifinals, with the winners going through to contest the finals.
From the 2009 season, the winners purse was increased to US$1.5 million and the runners up to US$1 million. In 2010, TP Mazembe of the Democratic Republic of the Congo became the first club ever to repeat as champions on two separate occasions. Their first pair of wins came in 1967 and 1968, before repeating the feat again in 2009 and 2010.

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Most successful club in the competition.
Egypt's Al Ahly is the most successful club in the competition's history, having won the tournament eight times. Egyptian clubs have accumulated the highest number of victories, winning the title 14 times. The reigning champions are TP Mazembe of DR Congo, who secured their fifth win in the competition after defeating USM Alger in the 2015 Final.