UNDERSTANDING ODDS, AUDITS, INCENTIVES, GRAFT, AND THE BRILLIANT USTA

By Javier Palenque

ODDS: the ratio between the amounts staked by the parties to a bet, based on the expected probability either way. Ex. The probability of rain the first week of September during the semis or finals has extremely low odds.

AUDITS: an official inspection of an individual’s or organization’s accounts, typically by an independent body. For example, The USTA CEO should call for an immediate audit of all capital expenditures in the last 12 years.

INCENTIVES: a thing that motivates or encourages one to do something. The CEO needs to be given an incentive, loss of his job, to audit and investigate the past business dealings of his bosses.

GRAFT: gains secured by corruption. “The Attorney General’s report says the problem of corruption goes beyond bribes and graft in nonprofits.

BRILLIANT: very good, excellent, marvelous, superior to average. Ex. The USTA executives have grown the sport by leaps and bounds through their brilliance and wise allocation of funds, that is why they hide participation numbers.

USTA: The world’s best-funded sport not for profit with the least amount of kids and oldest adults. In America the USTA uses the not-for-profit status to benefit itself, it is not a wonderful organization for the country, the sport, and all kids who love tennis.