Betting Talk

Supreme Court allows sports betting across the country

Comments

  • danshandanshan Senior Member
    edited May 2018
    what does that mean? will the juice go up or down?
  • chuckhchuckh Senior Member
    edited May 2018
    Danshan
    Nothing to do with juice
    People outside of Nevada will be allowed to wager on sports if that state allows it
  • munson15munson15 Senior Member
    edited May 2018
    won't affect guys that already play, they'll tax the shit out of it, only thing that will change is that more people will be able to bet...my .02
  • danshandanshan Senior Member
    edited May 2018
    yeah wont the market now become more available and in that case wont the cost have to drop? I mean wont there be more suppliers of books so they will be competitive and drop the juice a bit?
  • GooseSTLGooseSTL Senior Member
    edited May 2018
    Missouri will be the last state to pass it, just like weed.
  • jakenhljakenhl Senior Member
    edited May 2018
    danshan wrote: »
    yeah wont the market now become more available and in that case wont the cost have to drop? I mean wont there be more suppliers of books so they will be competitive and drop the juice a bit?

    I would think down the road it has to help as far as offshore goes. I don’t know all the details. But I do know there are plenty of People out there who wager very small and are constantly worried about the safety of their money offshore. I personally think it has to benefit The competition eventually for the offshores to give more incentives to send money again. I remember in the 90s when it was incredible how nice the bonuses were. I think and hope to see some of that again.

    Eddie
  • blackbullblackbull Senior Member
    edited May 2018
    Having a bunch more William Hills doesn't help winners AT ALL...banning/creating massive barriers to entry with legislation/regulation for sharp shops (who allow winners) doesn't help winners AT ALL unless those shops decide to bite the bullet (like Pinnacle eventually did in the UK) and "pay to play"...fingers crossed, but I'm not going to go celebrate yet...we will see how it goes.
  • danshandanshan Senior Member
    edited May 2018
    it means it is now time to start a huge proxy business
  • kcburghkcburgh Senior Member
    edited May 2018
    Wonder what this means for us in AZ..Indian Gaming Lobby is really big out here. Tribal agreements really restrict everything but horses.
  • BetThemDogsBetThemDogs Senior Member
    edited May 2018
    danshan wrote: »
    yeah wont the market now become more available and in that case wont the cost have to drop? I mean wont there be more suppliers of books so they will be competitive and drop the juice a bit?

    Anytime you get any form of government involved it'll be a mess. You can be sure they'll want a huge chunk in taxes. I'd imagine games would be lined -120 a side. Can't see anything changing, unless someone can convince the dunder-headed bureaucrats to tax less and make more off volume. Don't hold your breath.
  • danshandanshan Senior Member
    edited May 2018
    I can see all that but the assumption is some people will move away from OS books and if that is the case they might (if possible) lower the vig to attract less people to leave. They may even do some hook and ladder moves, create local sites and send the volume buyers back to the real book!
  • BetThemDogsBetThemDogs Senior Member
    edited May 2018
    Bottom line--- wait until you see the zillion pages of regulations the states will come up with.
  • danshandanshan Senior Member
    edited May 2018
    you a little anti government, LOL
  • R40R40 Senior Member
    edited May 2018
    It means gambling is going to go nationwide at some point. But will be like marijuana. The fact that it is obviously going to happen will not stop people from fighting it all the way. But the tax revenues will be such that more states will want to give it a try.

    Will not mean much for offshore initially but long-term could be major as onshore becomes the equivalent of offshore.
  • munson15munson15 Senior Member
    edited May 2018
    don't lose your bookie's phone number yet...
  • kcburghkcburgh Senior Member
    edited May 2018
    Bottom line--- wait until you see the zillion pages of regulations the states will come up with.

    as you were saying... http://thehill.com/blogs/floor-action/senate/387594-gop-senator-to-introduce-sports-betting-bill-after-supreme-court
  • R40R40 Senior Member
    edited May 2018
    kcburgh wrote: »

    Rs have a hell of a problem on their hands with Trump making money off NJ casinos.
  • MrAdvantageMrAdvantage Senior Member
    edited May 2018
    most likely heat on quality locals in areas it goes legal will increase.
  • munson15munson15 Senior Member
    edited May 2018
    ^^^^ the government hates competition...
  • TommyLTommyL Super Moderator
    edited May 2018
    David Purdum is getting some solid face-time on ESPN today.
  • RonbetsRonbets Senior Member
    edited May 2018
    most likely heat on quality locals in areas it goes legal will increase.

    Most state prosecutions would involve felonies. Oh my god, don't forget seizures($$). The public rejoices in this ruling? LOL. Try laying -104 with the state/licensee, Notta Chance. Oh yeah, the professional leagues want 1% total handle. Wtf is an integrity tax?
    The last time I layed -115 was with a Macau out that never moved off of the NBA opener. Short lived.
  • R40R40 Senior Member
    edited May 2018
    Ronbets wrote: »
    Most state prosecutions would involve felonies. Oh my god, don't forget seizures($$). The public rejoices in this ruling? LOL. Try laying -104 with the state/licensee, Notta Chance. Oh yeah, the professional leagues want 1% total handle. Wtf is an integrity tax?
    The last time I layed -115 was with a Macau out that never moved off of the NBA opener. Short lived.

    Sports leagues thought they were running this thing. Good luck with that integrity fee idea now.
  • Old-TimerOld-Timer Senior Member
    edited May 2018
    Just heard an interview and not one state has contacted Las Vegas who's been doing sports for over four decades and asked about operations and financials and what it takes to run a sports book. My memory maybe a little bit off but I think Delaware was first to have football parlay cards you know the ones we sold back home many years ago only they were bad enough but in Delaware I believe the lowest amount of teams you could play was 4 and ties lost and the payouts were a joke.

    Years later when I use to good visit family in Michigan on thanksgiving and go to the football game and be with my family they had football cards that were a joke also not as bad as Delaware but bad. Now mine you this was a long time ago so my memory may not be perfect but I will say this be careful what you wish for you just may get it. This at least for a few years will be a cluster fuck. The sad part is Joe blow who doesn't gamble won't know the difference he just knows he's betting his home team at 5-1 when proper odds maybe 20-1 but he'll learn and the maybe someday it will turn into a good thing.
  • RonbetsRonbets Senior Member
    edited May 2018
    In the 50's, ignorant bureaucrats passed something called a Revenue Act. In essence, it required a 10% excise on all sports wagers. At the time, if you walked into Churchill Downs Sportsbook in LV to win a hundred single out, you'd be laying 121 to win 90. If you were known/local, you'd walk in the backroom and forego the gouge. In the mid 70's LV convinced congress to lower the rake to 2% which the house ate. Finally the numb nuts came to their senses and reduced take to .25% in '83 or '84. They stunted the growth of NV sportsbetting for over 30+ years.
  • R40R40 Senior Member
    edited May 2018
    Other states are already moving aggressively on this which is a bit surprising. There will no doubt be some bumps in the road but very doubtful that there will not be uniformity within a few years.
  • bumpobumpo Senior Member
    edited May 2018
    Since there is no longer a federal ban, I'm hoping more offshores will be allowing US players.
  • munson15munson15 Senior Member
    edited May 2018
    bumpo wrote: »
    Since there is no longer a federal ban, I'm hoping more offshores will be allowing US players.

    the UIGEA is a separate law and not affected by yesterday's ruling, I'm afraid...would love to be wrong on that...
  • R40R40 Senior Member
    edited May 2018
    UIGEA is supposedly about money laundering and anti-terrorist activity. They are not going to want to give that up. Plus, it will provide an incentive for people to gamble in the US.
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