US Supreme Court to Review Sports Betting Ban (PASPA)

Discussion in 'General Craps Discussion' started by random_roller, Jun 29, 2017.

  1. random_roller, May 14, 2018

    random_roller

    random_roller Member

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    That's because you probably don't understand wire fraud statutes (very broadly construed) and related laws such as the Wire Act.
     
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    Last edited: May 14, 2018
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  2. von duck, May 15, 2018

    von duck

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    So if i call a guy, and talk about the "ball game" and tell him how I plan to bet the game, that's a crime? WTF is wrong with you people. What was the GD crime? Are they gonna give the guy the "Chair"?
     
    #42
    Last edited: May 16, 2018
  3. NokTang, May 15, 2018

    NokTang

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    What's not clear in all the press and posts is exactly when...when will sports wagering be available in other states i.e. New Jersey?

    Also, FYI, the handle with underground/bookies is always very overstated because among other things, people bet on credit. When it's put your money up the handle's will be nothing like those indicated.
     
    #43
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  4. von duck, May 15, 2018

    von duck

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    That's a good point 53768. The stripes look good on ya. :)
     
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  5. von duck, May 15, 2018

    von duck

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    As soon as the right palms get greased in your state. :)
     
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  6. random_roller, May 15, 2018

    random_roller

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  7. Mssthis1, May 15, 2018

    Mssthis1

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    The local news said the House and Senate here would take it up in 2019 but I wouldn't be surprised if they called a special session. The politicians here have a huge money addiction problem and they will want their fingers in this pie as quickly as possible.
     
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  8. Bases loaded, May 15, 2018

    Bases loaded

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    As I said in the other thread re: SCOTUS overthrows sports betting ban, the Resorts World Casino in Monticello, NY was designed and built with a Sports Book area planned.

    It was only a matter of when legalized sports betting would be approved to get the room up and running.

    New York legislature is already looking at Online Poker and other online gambling.

    As stated above, if money exists anywhere in the state, NY politicos will sniff it out and tax it.
     
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  9. random_roller, May 15, 2018

    random_roller

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    A couple of IL state representatives were interviewed by local reporters yesterday and they basically said the same thing (paraphrasing), "We can't be in a hurry to pass sports betting legislation. We need to make sure we get it right."

    It's been a long time since the Illinois House & Senate got something right, so we're probably screwed.
     
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  10. random_roller, May 15, 2018

    random_roller

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    Good for Resorts World for planning ahead and incorporating a future sportsbook into its design. Well done.

    Sadly, when it comes to separating money form hard-working families, Cook County (IL) officials take a back seat to nobody. Until it was recently repealed, Cook County had a soda tax that was calculated on per ounce of sugared beverage purchased. The merchants just loved that one...

    Current General Sales Tax in Cook County is 10.25%
     
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  11. Mssthis1, May 15, 2018

    Mssthis1

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    In my opinion there's two differences between the mob and the government. The mob only charges 10% and they actually provide you protection if you need it.
     
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  12. von duck, May 15, 2018

    von duck

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    A casino or book that does sports betting, can lose its ass sometimes. It might help Atlantic City, but then what wouldn't. :cool:
     
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  13. TDVegas, May 15, 2018

    TDVegas

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    Who is paying the "integrity tax" per wager?....the books or the player?
     
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  14. von duck, May 15, 2018

    von duck

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    That's actually pretty good. :) I'm gonna give you a "like" on that one, "there goes the neighborhood". :D
     
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  15. von duck, May 15, 2018

    von duck

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    Integrity? :confused: Where did you learn a dirty word like that? :)
     
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  16. von duck, May 15, 2018

    von duck

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    Does anybody know what the "spread" is in the ping-pong match? :cool:
     
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  17. NokTang, May 15, 2018

    NokTang

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    Don't laugh. If you look on some of the Eurpoian gambling sites you will see ping pong as well as bad mitten odds. Under seventeen soccer etc..In progress tennis matches can be fun. You bet on each point! Talk about addiction...
     
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  18. NokTang, May 15, 2018

    NokTang

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    The leagues figure they'll ask for the world, hoping for something, anything. As most of us know, they deserve nothing but that doesn't mean congress(state and federal) can't be glad handed into giving them something in the form of a tax. We ask how you can be confused as to who pays taxes? The poor of course. Rich people don't pay taxes in the end of it all. If they, the various states, roll out something with more than 10 percent vig people will just go to Las Vegas or continue to bet online. Remember mate, the money made is based on the handle at currently 5 percent in the long run. The bookies myth of "only pay vig if you lose" is for the ignorant and desperate. It's all about handle and the 5 percent win of same over the long run. Cheers and good night.

    Example:

    $1000. bet on team A...if you lose, you pay $1100.
    $1000. bet on team B...if you win, you win $1000.
    Assume A vs B, no tie.
    $2000. handle, book wins $100. which is 5 percent.
     
    #58
  19. von duck, May 16, 2018

    von duck

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    Only if the money goes down evenly on both teams. There is no guaranteed take for a sports book, except whatever action loses, and that may be superseded by winners. My best guess, is the winning bets are less than the losing bets on average, but they don't have to be. The line is supposed to equalize the betting, in theory, but I'm not so sure it actually does, or is really meant to. Never did a lot of sports betting, but knew guys that did, and they always seem to lose a lot more than just the vig. Those that set the line, are privy to much more detailed inside info, than even the avid sports fan. Sometimes when looking at the line, I think to myself, "there is no way I could put any serious money on THAT team" but, quite often the team in question does cover. Sports betting is a very fickle, a lot of things can happen, and do, but a very astute player, can probably eek out a long run winner. Like craps there are a lot of stupid ways to play, i.e. Parlays, teasers, etc and people betting them. Muti state betting might offer some better than previously available hedge plays, if you can conceal it from the " goody two shoes" types. :) :cool:
     
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    Last edited: May 16, 2018
  20. NokTang, May 16, 2018

    NokTang

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    The bookie's and legal "sports book"s make money in a long run because as you imply, almost equal money bet on both sides(sides defined as winners and losers). The bookie must, must make sure losers pay or then it's get's nasty. Sports book's of course get the money up front. We might advise this bunch that some sports like baseball and hockey as well as "money line" bets on football often have "20 cent lines" which of course yield said books ten percent over time.
     
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