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Tag: Riding

Lakers-Heat: Bettors have absurd amounts of money riding on NBA Finals, according to William Hill Sportsbook

October 1, 2020
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Boston Celtics v Miami Heat - Game Four
Getty Images

The midseason hiatus and subsequent Orlando bubble as a response to COVID-19 has changed almost everything about this NBA season, but it has had a notable impact on gamblers. Bettors that had futures stakes in some of the best teams in the NBA saw their money go up in flames when groups like the Milwaukee Bucks and Los Angeles Clippers couldn’t adjust to bubble ball. The Miami Heat, meanwhile, have rewarded the faith that bettors put in them with one of the more surprising runs to the Finals in recent NBA history. 

The numbers on some of the earlier bets placed on the Heat, according to William Hill Sportsbook, are stark. Here are the some of the craziest bets they took: 

  • $200 on the Heat at 200-to-1 to win the title ($40,200 payout). 
  • $600 on the Heat at 75-to-1 to win the title ($45,600 payout). 
  • $2,000 on
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China’s Yuan Is Riding High as Economy Recovers, Foreign Investors Pump In Money

September 28, 2020
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The yuan is closing out its strongest quarter against the dollar in more than a decade, boosted by optimism over China’s economic outlook and by the country’s comparatively high interest rates.

From the start of July through Friday’s close, the yuan has strengthened 3.7% against the dollar. That puts the yuan on track for its biggest quarterly gain since early 2008, FactSet data shows. The only other bigger quarterly gains on record are from the 1970s and 1980s, long before China began reforming its currency market in 1994.

China’s resilience, as the first country to suffer from the coronavirus and then bring it under control, has helped, said Jason Brady, president and chief executive of Thornburg Investment Management. “What we do see is a strong Chinese economy, which is part of what’s behind the strong renminbi,” he said, using another name for the currency.

Having returned to work, China is

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