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?
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 dont 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.
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.
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.
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!
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.
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($$). The public rejoices in this ruling? LOL. Try laying -104 with the state/licensee, Notta Chance. Oh yeah, the professional leagues want 1% total handle. Wtf is an integrity tax?
The last time I layed -115 was with a Macau out that never moved off of the NBA opener. Short lived.
Most state prosecutions would involve felonies. Oh my god, don't forget seizures($$). 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.
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.
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.
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.
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.
Comments
Nothing to do with juice
People outside of Nevada will be allowed to wager on sports if that state allows it
I would think down the road it has to help as far as offshore goes. I dont 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
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.
Will not mean much for offshore initially but long-term could be major as onshore becomes the equivalent of offshore.
as you were saying... http://thehill.com/blogs/floor-action/senate/387594-gop-senator-to-introduce-sports-betting-bill-after-supreme-court
Rs have a hell of a problem on their hands with Trump making money off NJ casinos.
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.
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.
the UIGEA is a separate law and not affected by yesterday's ruling, I'm afraid...would love to be wrong on that...