Somebody needs to tell Big Brother to back off. However I won't believe it until I see it. Somebody's going to jail and give up a future for legalized sports betting in New Jersey. The boys will have something to say about that also. 7/5 it doesn't happen.
Seems to be pretty well calculated, and they look like they are willing to fight for it.
Would look bad on Obama administration to hurt jobs/economy by trying to stop this right before election, especially when voters passed it by 2-to-1 margin.
People have always maintained the Professional and Amateur Sports Protection Act is unconstitutional. This might finally give those believers that day in court.
Don't get me wrong I agree I also agree with legalizing internet sports betting, We need to stop making 3rd world countries billionaires. Here's wishing him luck. The jobs that will be created would be few because it would set-up in the casino's (I'm assuming) it would create jobs of course but not as many as you may think with Corp's motto do more with less but it would no doubt help some people. It would help the economy that's for sure.
One thing though, How would it be run? Would it be rape the public run like the parlay cards back east, would it be 6/5 on straight bets 12/5 two team parlays. It's going to be interesting.
If it's run right this could open a big door just like the opening of casino's in other states there's something like 48 states now that have casino's.
Sports betting would add more interest in AC in general as you'd make travelers more likely to visit . Hotel rooms, table games, restaurants everything would gain by it. The sportsbooks themselves aren't big money makers in general as Vegas shows you outside of the Cantor books (who lose currently but hopefully will make it long term) where everyone else seems to be downsizing the books and no one wants action.
Sports betting would add more interest in AC in general as you'd make travelers more likely to visit . Hotel rooms, table games, restaurants everything would gain by it. The sportsbooks themselves aren't big money makers in general as Vegas shows you outside of the Cantor books (who lose currently but hopefully will make it long term) where everyone else seems to be downsizing the books and no one wants action.
Does Cantor lose because pretty much everything they have done recently caters to sharps or have they just over extended themselves. They put out lines really early and have all that live betting stuff.
I think its a good move just from the fact it will get people talking and as I live in Washington state currently where we have a bunch of big indian casinos, maybe allow other states to implement sportsbooks. Obviously the online world is getting worse and worse so for a bettor this is a great start. I do not however see this happening soon as the concern voiced by the casinos in the article is a big one as Casinos licenses are tough to come by and since a sportsbook is not going to increase revenue in a big way there is not much incentive for the casino to open one. This is great for the bettors but not really anything special for the casinos.
Cantor Entertainment is so confident that it’s even offering a wager on itself. The unit, which has been struggling to make a profit, filed for an initial public offering in December. Sports and mobile gamblers bet $362 million with the unit through the first nine months of last year, and it lost $22.2 million in that period, its IPO prospectus says.
The law is certainly unconstitutional. You can't permit certain states. That said, will it ever go to court?
Unfortunately half of what Obama does is unconstitutional. There will be too much money with the Anti gambling lobby (specifically the NFL) here to ever get this passed. I live in NJ so I wish it would happen but it seems highly unlikely. The US Court of Appeals in the third circuit court affirmed the federal judge's decision in Delaware a few years ago when it was shot down. NJ is in the same Judicial circuit.
I wouldn't get too excited about Jersey's desperation move to get into the sportsbooking market. Look, gray area bookmakers dealing reduced juice might hold 1%-2% after expenses. What makes the intelligent bettor so psyched up about having government bureaucrats taking a piece of their action? Are you gonna get a better deal with the state of New Jersey? I would like to think that most of this board wouldn't tolerate being gouged. Christie's casinos are melting down. The Garden State doesn't run as an NPO and doesn't recognize bad beats.
I wouldn't get too excited about Jersey's desperation move to get into the sportsbooking market. Look, gray area bookmakers dealing reduced juice might hold 1%-2% after expenses. What makes the intelligent bettor so psyched up about having government bureaucrats taking a piece of their action? Are you gonna get a better deal with the state of New Jersey? I would like to think that most of this board wouldn't tolerate being gouged. Christie's casinos are melting down. The Garden State doesn't run as an NPO and doesn't recognize bad beats.
I wouldn't get too excited about Jersey's desperation move to get into the sportsbooking market. Look, gray area bookmakers dealing reduced juice might hold 1%-2% after expenses. What makes the intelligent bettor so psyched up about having government bureaucrats taking a piece of their action? Are you gonna get a better deal with the state of New Jersey? I would like to think that most of this board wouldn't tolerate being gouged. Christie's casinos are melting down. The Garden State doesn't run as an NPO and doesn't recognize bad beats.
It's another place to make bets. It also guarantees that I get paid and if I don't I can take legal action. More competition is always a good thing IMO.
It's another place to make bets. It also guarantees that I get paid and if I don't I can take legal action. More competition is always a good thing IMO.
Your missing the point, This government will never give you a fair deal. Lots of luck and by the way I would love to see a prop on a Yes or No. Jersey isn't getting this on. They may get a parlay card with all 3's and 7's and ties lose.
Your missing the point, This government will never give you a fair deal. Lots of luck and by the way I would love to see a prop on a Yes or No. Jersey isn't getting this on. They may get a parlay card with all 3's and 7's and ties lose.
Yea because the offshore shops are rushing to give me a fair deal. As soon as I show that I can win anything they drastically cut limits, show me the door, slow pay, no pay....you're right lets leave it the way it is.
Yea because the offshore shops are rushing to give me a fair deal. As soon as I show that I can win anything they drastically cut limits, show me the door, slow pay, no pay....you're right lets leave it the way it is.
I've been dealing off-shore since 1998 and never have been slow paid or showed the door. I like using a few books moving money around they pretty much move lines on air and in baseball sometimes you pick-up a penny or two and then sometimes you lose a penny or two. If you chase steam in smaller markets your limits will be cut and in some case's you will be showed the door but that's business. You would do the same thing if it was your business.
But your right the country is doing such a great job and all of our leaders are honest along with all corporate executives and they have our best interests at heart and would never think of raping us to line there pockets. Trust in your government, OK How's that working out for you.
Does Vegas not give you a fair deal? Cantor is not run by the Govt, and they will let you bet as much as almost any offshore.
The more accessible options there are for the player, and the more the industry gets out of the "gray area" the better off we will all be.
There are exceptions to every rule. But as far as Vegas is concerned take it from a guy who's been here and worked in the Casinos for the past 35 years. It's become a joke for the gambler they should change the signs to say gaming not gambling. If other states do legalize sports betting they will run it like the Majority not the one company that actually knows how to run a book. Cantor is the exception I'll give you that but I'm surprised you would think the government would run anything properly.
NJ is step 1 in the fight OT. I'm sure the government is going to screw up something in this mess but it's progress with the ultimate goal(for me anyway) being pinnacle entering back into the US market and an ewallet(like Neteller) being allowed to operate in the US.
NYC OTB did very well. YEAH SURE!! They gouged the player on every winning bet, provided handsome perks for it's executives. stiffed NYRA outta millions AND WENT BELLY UP. But hey, back in the early 70's Howie Samuels and crew were determined to tap into the gambling business and run those bad boy local illegal BMS outta business. Oh, their war cry was to help and fund education with their proposed windfall. What a crock shit. Gambling is not the answer you uniformed politicians. Cut the spending/graft and reduce the golden parachutes. You are just recycling from the have nots.
I'm not sure what NJ has planned, but I would hope they would let established legal bookmaking companies like Cantor and others to bid for business, similar to what was planned in Delaware. More importantly, if NJ is successful, it would open up the possibility of other states doing the same. Namely NY and CA.
Would I want NJ to be my only betting option, no, but it certainly beats having no option at all.
RightAngle
Admin
Comments
Would look bad on Obama administration to hurt jobs/economy by trying to stop this right before election, especially when voters passed it by 2-to-1 margin.
One thing though, How would it be run? Would it be rape the public run like the parlay cards back east, would it be 6/5 on straight bets 12/5 two team parlays. It's going to be interesting.
If it's run right this could open a big door just like the opening of casino's in other states there's something like 48 states now that have casino's.
Does Cantor lose because pretty much everything they have done recently caters to sharps or have they just over extended themselves. They put out lines really early and have all that live betting stuff.
I think its a good move just from the fact it will get people talking and as I live in Washington state currently where we have a bunch of big indian casinos, maybe allow other states to implement sportsbooks. Obviously the online world is getting worse and worse so for a bettor this is a great start. I do not however see this happening soon as the concern voiced by the casinos in the article is a big one as Casinos licenses are tough to come by and since a sportsbook is not going to increase revenue in a big way there is not much incentive for the casino to open one. This is great for the bettors but not really anything special for the casinos.
http://www.bloomberg.com/news/2012-05-09/lutnick-seizes-las-vegas-with-cantor-fitzgerald-s-bet-on-sports.html
from chad millmans twitter
I found this part quite interesting
Unfortunately half of what Obama does is unconstitutional. There will be too much money with the Anti gambling lobby (specifically the NFL) here to ever get this passed. I live in NJ so I wish it would happen but it seems highly unlikely. The US Court of Appeals in the third circuit court affirmed the federal judge's decision in Delaware a few years ago when it was shot down. NJ is in the same Judicial circuit.
I couldn't agree more, Well said and spot on.
It's another place to make bets. It also guarantees that I get paid and if I don't I can take legal action. More competition is always a good thing IMO.
Your missing the point, This government will never give you a fair deal. Lots of luck and by the way I would love to see a prop on a Yes or No. Jersey isn't getting this on. They may get a parlay card with all 3's and 7's and ties lose.
Yea because the offshore shops are rushing to give me a fair deal. As soon as I show that I can win anything they drastically cut limits, show me the door, slow pay, no pay....you're right lets leave it the way it is.
I've been dealing off-shore since 1998 and never have been slow paid or showed the door. I like using a few books moving money around they pretty much move lines on air and in baseball sometimes you pick-up a penny or two and then sometimes you lose a penny or two. If you chase steam in smaller markets your limits will be cut and in some case's you will be showed the door but that's business. You would do the same thing if it was your business.
But your right the country is doing such a great job and all of our leaders are honest along with all corporate executives and they have our best interests at heart and would never think of raping us to line there pockets. Trust in your government, OK How's that working out for you.
The more accessible options there are for the player, and the more the industry gets out of the "gray area" the better off we will all be.
There are exceptions to every rule. But as far as Vegas is concerned take it from a guy who's been here and worked in the Casinos for the past 35 years. It's become a joke for the gambler they should change the signs to say gaming not gambling. If other states do legalize sports betting they will run it like the Majority not the one company that actually knows how to run a book. Cantor is the exception I'll give you that but I'm surprised you would think the government would run anything properly.
You and every other U.S. offshore bettor.
Would I want NJ to be my only betting option, no, but it certainly beats having no option at all.