The deaths and advents of the Popes has always given rise to an excessive amount of gambling in the lottery, and today the people of Italy are in a state of excitement that gabmling indescribable. According to the Venetian Election gambling Dandolo, electioh witness to the conclave, "it is more than clear that the merchants are very well informed about the state of the poll, and that the cardinals' attendants in Conclave go partners with them in wagers, which thus causes many tens of thousands of crowns to change hands". Meteors Mysterious footage shows bizarre object enter Earth's atmosphere - but is it a meteor or something more sinister?
Gambling on papal elections has at least a year history. Betting on 16th-century papal conclaves are among the rlection documented examples of gambling gambling election outcomes. The Republic of Venice forbade betting on the pope's life inand canceled bets already made. Life insurance policies were spelsystemen roulette taken out on the current pope, sometimes as genuine insurance by businessmen owed money by the papacy who e,ection a change of Pontiff, but also a purely speculative venture.
Such policies on the lives of popes and other notable figures were forbidden in Barcelona and Genoa and The first recorded example of gambling on the candidate to be selected by onlinewin slots onlinegambling onlineporno papal election occurs with the papal conclave, Septemberalthough Frederic Baumgartner, a historian of papal elections, considers it then already "an old practice".
Discussing the election of Leo X init has been stated:. Before and during the papal conclavemany Roman bankers offered betting spreads on the papabili cardinals likely to be elected. According to the Venetian Enrico Dandolo, a witness to the conclave, "it is more than clear that the merchants are very well informed about the state of the poll, and that the cardinals' attendants in Conclave go partners with them in wagers, which thus causes many tens of thousands of crowns to change hands".
Dandolo describes an early example of insider trading. In MarchPope Gregory XIV imposed a penalty of excommunication against any who wagered tambling the outcome or length of papal elections as well as the creation of cardinals and banned the practice in the Papal States.
According to a New York Times article following the papal conclave, Every great event leads to speculation in numbers. The deaths and advents of the Popes has always given rise to an excessive amount of gambling in the lottery, and today the people of Italy are in a state of excitement that is indescribable. Figures are picked out which have some relation with the life or death of Pius IX. Every day large sums are paid for tickets in the lottery about to be drawn. Gambling over the outcomes of the papal conclave, and papal conclave, was covered in several newspapers.
Paddy Power Ireland's largest bookmaker, started taking bets on the successor of Pope John Paul II five years before the pontiff's death. Power, the proprietor of Paddy Electiln, was evicted from St. Peter's Square by security staff before the start of the conclave for displaying his betting prices,  by what he claims were undercover police officers. Power—"the biggest non-sports betting market of all time".
Prior to Pope Francis ' election, the odds were to-1 of Bergoglio becoming pope, according to betting company William Hill Plc. Gambling on Papal conclaves is largely internet based, as most conventional sport books, such as those in Las Vegasdo not accept bets on election outcomes.
Wagering on the Papal conclaves may no longer be considered illegal in the United States. Gregory XIV's bull of excommunication as a penalty for such wagers was never specifically rescinded, but was gajbling along with all canon law provisions associated with the Ius Decretalium in From Wikipedia, the free encyclopedia.
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