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Thread: Ohio Warns Sportsbooks

  1. #1
    ____________


    "That won't fly in Ohio" - said Matthew Schuler - Executive Director of the state's Casino Control Commission


    the warning:


    "The industry's inducements are false, misleading and specifically against state law"


    re books marketing "risk free bets" - they are not actually risk free





    https://www.washingtonpost.com/sport...nduel-caesars/



    .
    please don't feed the trolls

  2. #2
    Originally Posted by Half Smoke View Post
    ____________


    "That won't fly in Ohio" - said Matthew Schuler - Executive Director of the state's Casino Control Commission


    the warning:


    "The industry's inducements are false, misleading and specifically against state law"


    re books marketing "risk free bets" - they are not actually risk free





    https://www.washingtonpost.com/sport...nduel-caesars/



    .


    Exactly. If they were risk free, they'd simply give you your money back, not provide an additional "free" wager. It shouldn't fly in Ohio or anywhere.

    Half Smoke, if you're into the legality of slimy angles, look up the lawsuits regarding FanDuel and DraftKings. I think the NY Times and Philadelphia Inquirer did the exposes. They got caught using inappropriate language also and were strong-armed by the feds into offering more single entry contests because in-house cartels were using economies of scale and insider info (they knew how many people took which players before kickoff, while the public does not) to play on each others' sites, resulting in 5% of accounts making 90% of the money. They were forced to change their language and offer single entry contests to avoid prosecution.

  3. #3
    Originally Posted by redietz View Post
    Originally Posted by Half Smoke View Post
    ____________


    "That won't fly in Ohio" - said Matthew Schuler - Executive Director of the state's Casino Control Commission


    the warning:


    "The industry's inducements are false, misleading and specifically against state law"


    re books marketing "risk free bets" - they are not actually risk free





    https://www.washingtonpost.com/sport...nduel-caesars/



    .


    Exactly. If they were risk free, they'd simply give you your money back, not provide an additional "free" wager. It shouldn't fly in Ohio or anywhere.

    Half Smoke, if you're into the legality of slimy angles, look up the lawsuits regarding FanDuel and DraftKings. I think the NY Times and Philadelphia Inquirer did the exposes. They got caught using inappropriate language also and were strong-armed by the feds into offering more single entry contests because in-house cartels were using economies of scale and insider info (they knew how many people took which players before kickoff, while the public does not) to play on each others' sites, resulting in 5% of accounts making 90% of the money. They were forced to change their language and offer single entry contests to avoid prosecution.


    you know - I really think something like 90% of sports bettors don't even care if they're getting ripped off - they crave action - compulsive addicts - you agree___________?

    in horse racing - it's much worse - the authorities don't even bother to disguise the ripoff - anybody can see it - about 18% takeout on WPS, about 25% on exactas - getting up close to 30% on the extreme exotics - insane

    I think maybe 2 or 3% are long term winners in sports betting - maybe 1 in 1,000 in horse racing

    a lot of new people are going to get hurt because of this mass legalization - think they know something because they know the home and away records and the stats on the QB - laughable

    some are going to lose their jobs, their homes, their cars, their wives, their children - the States will pick up some of the tab with Welfare and other services such as homeless shelters - my favorite Cousin, a very bright guy - a teacher - went crazy with gambling and died in a homeless shelter


    .
    Last edited by Half Smoke; 12-27-2022 at 01:01 PM.
    please don't feed the trolls

  4. #4
    Originally Posted by Half Smoke View Post
    Originally Posted by redietz View Post
    Originally Posted by Half Smoke View Post
    ____________


    "That won't fly in Ohio" - said Matthew Schuler - Executive Director of the state's Casino Control Commission


    the warning:


    "The industry's inducements are false, misleading and specifically against state law"


    re books marketing "risk free bets" - they are not actually risk free





    https://www.washingtonpost.com/sport...nduel-caesars/



    .


    Exactly. If they were risk free, they'd simply give you your money back, not provide an additional "free" wager. It shouldn't fly in Ohio or anywhere.

    Half Smoke, if you're into the legality of slimy angles, look up the lawsuits regarding FanDuel and DraftKings. I think the NY Times and Philadelphia Inquirer did the exposes. They got caught using inappropriate language also and were strong-armed by the feds into offering more single entry contests because in-house cartels were using economies of scale and insider info (they knew how many people took which players before kickoff, while the public does not) to play on each others' sites, resulting in 5% of accounts making 90% of the money. They were forced to change their language and offer single entry contests to avoid prosecution.


    you know - I really think something like 90% of sports bettors don't even care if they're getting ripped off - they crave action - compulsive addicts - you agree___________?

    in horse racing - it's much worse - the authorities don't even bother to disguise the ripoff - anybody can see it - about 18% takeout on WPS, about 25% on exactas - getting up close to 30% on the extreme exotics - insane

    I think maybe 2 or 3% are long term winners in sports betting - maybe 1 in 1,000 in horse racing

    a lot of new people are going to get hurt because of this mass legalization - think they know something because they know the home and away records and the stats on the QB - laughable

    some are going to lose their jobs, their homes, their cars, their wives, their children - the States will pick up some of the tab with Welfare and other services such as homeless shelters - my favorite Cousin, a very bright guy - a teacher - went crazy with gambling and died in a homeless shelter


    .

    Well, I gave an interview back in 1979 when I had just started, and one of these days I need to dig it up and post it, because it relates directly to what you just said. I give myself credit for having some savvy as a kid.

    Your horse racing stats are probably in the ballpark. I think it was BetFair, with its millions of subscribers, that was forced to reveal wins/losses and the number of people clearing six digits that year in horse racing was a dozen or less.

    I've never had much problem with the whole action/addiction thing. At least 80% of my wagering volume occurs during the 100 days of the college football regular season. I don't bet anything else other than futures or the occasional "bulk betting" perceived opportunity. For example, this last baseball season, I thought the baseball totals had crashed as low as they were going to go, so I took a two-week whack at certain Overs, which yielded between 7 1/2 and 8 1/2 units profit, depending on your numbers. I reported it here and actually recommended it. Of course, that kind of targeted approach (and success in this instance) didn't get much notice here.

    I think the "APs" claiming sports betting profits is, if you tease out the bonuses, about 80% hogwash and just an excuse for addicts to do more gambling. I said a couple of years ago that I thought as actual AP opportunities dried up and sports betting expanded state to state, the natural progression would be for "APs" to start claiming sports betting expertise. It didn't take a genius to see that coming. And of course, their "APing" allegedly yields positive results across many different sports because, well, action is action. The main difference between handicappers claiming expertise and "APs" is that the handicappers are usually monitored both by neutral third parties and their clients while "AP" gambling is largely a private narrative to be taken on faith.
    Last edited by redietz; 12-27-2022 at 01:39 PM.

  5. #5
    Originally Posted by redietz View Post
    Originally Posted by Half Smoke View Post
    Originally Posted by redietz View Post



    Exactly. If they were risk free, they'd simply give you your money back, not provide an additional "free" wager. It shouldn't fly in Ohio or anywhere.

    Half Smoke, if you're into the legality of slimy angles, look up the lawsuits regarding FanDuel and DraftKings. I think the NY Times and Philadelphia Inquirer did the exposes. They got caught using inappropriate language also and were strong-armed by the feds into offering more single entry contests because in-house cartels were using economies of scale and insider info (they knew how many people took which players before kickoff, while the public does not) to play on each others' sites, resulting in 5% of accounts making 90% of the money. They were forced to change their language and offer single entry contests to avoid prosecution.


    you know - I really think something like 90% of sports bettors don't even care if they're getting ripped off - they crave action - compulsive addicts - you agree___________?

    in horse racing - it's much worse - the authorities don't even bother to disguise the ripoff - anybody can see it - about 18% takeout on WPS, about 25% on exactas - getting up close to 30% on the extreme exotics - insane

    I think maybe 2 or 3% are long term winners in sports betting - maybe 1 in 1,000 in horse racing

    a lot of new people are going to get hurt because of this mass legalization - think they know something because they know the home and away records and the stats on the QB - laughable

    some are going to lose their jobs, their homes, their cars, their wives, their children - the States will pick up some of the tab with Welfare and other services such as homeless shelters - my favorite Cousin, a very bright guy - a teacher - went crazy with gambling and died in a homeless shelter


    .

    Well, I gave an interview back in 1979 when I had just started, and one of these days I need to dig it up and post it, because it relates directly to what you just said. I give myself credit for having some savvy as a kid.

    Your horse racing stats are probably in the ballpark. I think it was BetFair, with its millions of subscribers, that was forced to reveal wins/losses and the number of people clearing six digits that year in horse racing was a dozen or less.

    I've never had much problem with the whole action/addiction thing. At least 80% of my wagering volume occurs during the 100 days of the college football regular season. I don't bet anything else other than futures or the occasional "bulk betting" perceived opportunity. For example, this last baseball season, I thought the baseball totals had crashed as low as they were going to go, so I took a two-week whack at certain Overs, which yielded between 7 1/2 and 8 1/2 units profit, depending on your numbers. I reported it here and actually recommended it. Of course, that kind of targeted approach (and success in this instance) didn't get much notice here.

    I think the "APs" claiming sports betting profits is, if you tease out the bonuses, about 80% hogwash and just an excuse for addicts to do more gambling. I said a couple of years ago that I thought as actual AP opportunities dried up and sports betting expanded state to state, the natural progression would be for "APs" to start claiming sports betting expertise. It didn't take a genius to see that coming. And of course, their "APing" allegedly yields positive results across many different sports because, well, action is action. The main difference between handicappers claiming expertise and "APs" is that the handicappers are usually monitored both by neutral third parties and their clients while "AP" gambling is largely a private narrative to be taken on faith.


    I've never had a problem financially related to my gambling - I've just spent way too much time on it - if I wasn't gambling I was thinking about it - different strategies

    I wish I had used that time to do something more constructive - like writing fiction

    I've wasted so much time - I'll never get it back - it is what it is


    .
    please don't feed the trolls

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