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Supreme Court strikes down federal law prohibiting sports gambling

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Supreme Court strikes down federal law prohibiting sports gambling

Old 05-14-2018, 07:41 AM
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Default Supreme Court strikes down federal law prohibiting sports gambling

Supreme Court strikes down federal law prohibiting sports gambling
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Old 05-14-2018, 10:40 AM
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Yet another reason in a ever expanding long line of reasons to not watch professional sports any longer IMO.
Gee....I wonder if all that additional $$$ that will be bet on teams from every state is going to continue to corrupt professional sports more then it has already? Nah!!! They'll all play by the rules.

Just another way for scum bag politicians to grab money and use it for their own personal agenda and power plays!

And please don't anyone even suggest this will help the states that are going bankrupt!!!!
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Old 05-16-2018, 05:51 AM
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Billions are bet illegally .
Just like prohibition.
It doesn't work,
In Chicago in the ole days I could make a call for Sunday/mon night football ,place a bet ,and you paid the vig if you lost(10%).
I don't bet anymore .Dont watch probably why.It's like the REFSare trying to keep the game close ,but hey whatdo I know.wink wink.
Chicago black sox come to mind any ,uh huh!
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Old 05-16-2018, 07:19 AM
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Yep, I can hear the fat lady singing.
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Old 05-16-2018, 07:22 AM
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That ruling will be the final nail in the NFL coffin....
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Old 05-16-2018, 07:44 AM
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I wonder what Pete Rose is thinking...
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Old 05-16-2018, 11:21 AM
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If anything, this ruling will boost sports. Lots of folks that wouldn't know a bookie from a drug dealer or from a second story man will now willingly place bets in a state sanctioned scheme. If in fact the results are fixed and corrupt (which I suspect happens infrequently at best) that will be even more incentive for these new bettors to try and figure out who is supposed to win so they can take advantage. These new bettors will be watching the games they bet on whereas before this ruling they may not have paid any attention to these games at all.

There will be plenty of taxes that the states will all get a piece of. Typically, states use these tax revenues to fund a new and large government division where the favored political hacks get a lucrative job requiring little work. A recent example was the NYC Off track betting agency. They kept 25% of every dollar bet as the vig and still managed to run a deficit for the agency (which while true is difficult to believe). So unless the states buck this trend, there may not be much in the way of a tax benefit.
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Old 05-16-2018, 12:26 PM
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Originally Posted by Uncas View Post
That ruling will be the final nail in the NFL coffin....
How so, there are not even any nails in the NFL coffin to begin with. If anything I would think this will give the nfl a boost.
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Old 06-05-2018, 09:23 AM
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https://www.foxbusiness.com/features...rsey-to-follow
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Old 06-05-2018, 10:01 AM
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Here are a few of my thoughts. First, most people who think sports are rigged have their bookie on speed dial. It surprises me how close the spread usually is to being right but I don't believe you can get that many people on board between teams. If you believe it's rigged why bet? Secondly, just because betting will be legal for the public doesn't mean you can't keep players from betting by way of their contract. Only a fool or a junky is going to risk their career, even at league minimum, for a few thousand bucks. Thirdly, these people are the top 3% or so of the people that have competed in their sport. They are normally hugely competitive people. They also have incentive based contracts a lot of times. Dropping three touchdown passes and having your team not make the playoffs is probably going to cost you more than the bookie is willing to pay you.
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Old 06-05-2018, 10:03 AM
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Meh, nothing to see there. For one, it was already legal in Delaware, through what they called the "lottery sports wagering", albeit in limited form. However, to that end, Delaware already has/had the infrastructure, back office, and regulatory framework in place to go live, as well as an agreement already in place with a operator and back end provider (William Hill). New Jersey has been ramping up for a while, and, as expected, is way ahead of other states in terms of regulation and infrastructure.
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