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Thread: The Future of Sportsbetting

  1. #1
    Legal sportsbetting set to explode:

    http://r.search.yahoo.com/_ylt=Awr9J...jstEf.roJd6QI-
    The hard left considers run of the mill liberals to be usefull idiots.

  2. #2
    interesting

    its funny how very very early on in his first years, Obama found a way to close down all the online poker sites in the USA,,,,the ones that took action.

    But for some reason.....the hundreds of millions of dollars leaving this country to bet on sports online....was just fine. Those sites remain

    So why not keep all that money in the USA.

    Over the last few years, the vegas books have been perfecting the online sportsbook for in-state folks....so they should be able to cater to the rest of the country and open up their websites.

    Of course states will offer their own betting schemes, like parlay tickets and such at their own establishments, ...so they can take their cut.

  3. #3
    This will have a lot of speed bumps along the way. First, leaving anything to the politicians of each state to screw up will make implementation a nightmare. Here in Illinois, nothing will happen until all the right pockets are lined.
    Then, they'll probably try to over-tax it leaving the "illegal" betting as the better option.

    Finally, a few years ago one of the major race tracks sued the on-line horse race betting companies for profiting off of their product. They won and there was a huge cash settlement. Don't think that the sports leagues won't try the same approach now that they have a favorable court decision in their pocket. If so, again, there may not be enough to cut up among all the open hands (and taxes) to offer competitive rates as compared to the bookies and off shores. Would you bet a "legal" 120 line when the offshores are offering a 110 line?

    I just don't trust politicians when it comes to this kind of thing.

  4. #4
    Originally Posted by regnis View Post
    This will have a lot of speed bumps along the way. First, leaving anything to the politicians of each state to screw up will make implementation a nightmare. Here in Illinois, nothing will happen until all the right pockets are lined.
    Then, they'll probably try to over-tax it leaving the "illegal" betting as the better option.

    Finally, a few years ago one of the major race tracks sued the on-line horse race betting companies for profiting off of their product. They won and there was a huge cash settlement. Don't think that the sports leagues won't try the same approach now that they have a favorable court decision in their pocket. If so, again, there may not be enough to cut up among all the open hands (and taxes) to offer competitive rates as compared to the bookies and off shores. Would you bet a "legal" 120 line when the offshores are offering a 110 line?

    I just don't trust politicians when it comes to this kind of thing.
    Politicians are horrible when it comes to juice. They call it the sin tax. Just look at the lottery where only 50% of the money is returned to the public in a lot of cases.
    The hard left considers run of the mill liberals to be usefull idiots.

  5. #5
    the lottery is also a shell game for state funds

    for example in NJ when the lottery came out 45 years ago, they said the money would go to schools and seniors.

    And thats true...thats where the money from lottery goes. But then they use the general fund money that would normally go to schools and seniors for other projects and pork.

    If the money from lottery went to schools in addition to the normal state funds appropriated to schools,......we would have the finest school system in the world. Instead there are schools in NJ that cant afford books. But when the citizens of NJ voted on having a lottery....they thought the money collected would be additive to the money already given to schools. That was a false assumption.

    I assume the same stuff goes on in other states.

  6. #6
    Well--the Supremes finally overturned the prohibition against sports betting. Wait until we see how the various states fuck this up as they try to gouge people.

  7. #7
    Delaware casinos/racetracks to offer sports betting today. Monmouth coming soon.

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