Betting Talk

How would the marketplace change once legalized?

Awesome-O!Awesome-O! Member
edited December 2017 in Sports Betting
I've been wanting to pose these questions for awhile now to people here, but seems like a perfect time to discuss as we're getting closer to the inevitability that sports gambling will be legal. Sorry for the list of questions, more topics for discussion.

How long once legalized do you expect a change in existing bettors behavior? Would the local with a PPH be eliminated overnight?

How do you see legalized sports wagering being rolled out when it's legalized?
Would it be limited it to existing card rooms, casinos, horse tracks, etc.?
Would huge companies like Google or others quickly put together an online marketplace?
Brick and mortar Mom & Pop local shops?

Once the court rules states are free to make their own decisions regarding sports betting, how quickly do you think it would be rolled out?

Since Vegas has all the infrastructure in place already, do you think they would just run the books across the country for a cut of the action?

Comments

  • kdogkdog Senior Member
    edited December 2017
    I don't see locals being eliminated ever. You bet with them on credit which you're not gonna do with corporations or the government and you don't have to worry about getting handed a 1099 when you win.
  • jets96jets96 Senior Member
    edited December 2017
    I do know one thing my very good friend who runs a sportsbook in vegas has been to a property in A.C working with them a few times on setting up their sportsbook. I assume if this thing finally happens, its going to be real quick before they will start taking bets.
  • Awesome-O!Awesome-O! Member
    edited December 2017
    So is the software that the Vegas casinos use a proprietary system or done through a vendor?
    Say it were legalized across the country, how is everyone going to set themselves up so quickly?
  • Old-TimerOld-Timer Senior Member
    edited December 2017
    Be careful what you wish for.

    Yours Truly

    Mr.Doom
  • JB531JB531 Senior Member
    edited December 2017
    if passed, would you be able to wager online or from a mobile device? or would it strictly be at a sportsbook?
  • Old-TimerOld-Timer Senior Member
    edited December 2017
    Personally I think things are great the way they are. when Gov and states get involved things have a way of getting screwed up. I can see a mobile device not online.
  • JB531JB531 Senior Member
    edited December 2017
    what is your take on pricing? do you think more sportsbooks would lead to better pricing? I would imagine the offshores would always offer the best..
  • Obi OneObi One Senior Member
    edited December 2017
    JB531 wrote: »
    what is your take on pricing? do you think more sportsbooks would lead to better pricing? I would imagine the offshores would always offer the best..

    The more money can be bet legally, the more possibilities there are for other companies to follow Pinny's model of -high volume, low vig- betting. Hopefully it would be just Pinny entering the marketplace and offer low vig prices. I do not know however whether Pinny is ready to go into the brick-and-mortar business.

    In the UK, 1 of the reasons why there are betting shops on every corner is because a betting shop is allowed to have 4 slot machines per location. Those are the actual cash cows for the bookmaking corporations.
  • R40R40 Senior Member
    edited December 2017
    My understanding is that if it gets allowed by the court, it would only apply to existing facilities such as racetracks in NJ. It would not be allowed outside of those venues.

    Might take another decade for it to be more widespread and when that happened would likely be with -115 lines.

    After a few more years, you might reach the point where you could gamble in the US online using either Vegas operations or overseas outfits that would move into the market.

    Nothing much to get excited about and the overseas books would probably still dominate in the early years as they screwed everything up with the rollout with excessive juice and stupid restrictions.

    Will believe it when I see the conservatives justices not take a stand for Sheldon Adelson.
  • R40R40 Senior Member
    edited December 2017
    Wow. Did not realize that the consensus among those that were following the justices questions is that the conservatives are highly likely to rule in favor of NJ. The ruling is set to come down in March.

    The only question appears to be how much gambling they are going to allow.
  • ugadawgs7769ugadawgs7769 Senior Member
    edited December 2017
    R40 wrote: »
    Wow. Did not realize that the consensus among those that were following the justices questions is that the conservatives are highly likely to rule in favor of NJ. The ruling is set to come down in March.

    The only question appears to be how much gambling they are going to allow.

    Probably going to leave it to the states to decide. Which depending on where you are at will make a whole lot of difference. I'm in Georgia so will probably be 20 years before we sniff gambling thanks to the bible thumpers.
  • R40R40 Senior Member
    edited December 2017
    ugadawgs7769 wrote: »
    Probably going to leave it to the states to decide. Which depending on where you are at will make a whole lot of difference. I'm in Georgia so will probably be 20 years before we sniff gambling thanks to the bible thumpers.

    Same here. I am in Texas which is ruled by the American Taliban so no chance. But once one brick falls, the whole thing starts to go. Texans love to gamble though.

    Shocking though that a step may be made.

    I really could care less as I know offshore will still be the better deal for years to come.

    I really expected the conservatives to try to kill it dead so will be interesting to see how it all unfolds.

    R politicians already have a bill ready to fight back if the court opens the door just a little.
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