4NJbets news...

[Mike_412]

According to Meadowlands Director of Racing Darin Zoccali, TVG will be taking over control of 4NJbets beginning March 1st. It was on his Twitter account. Anyone hear anything about this or familiar with TVG as an ADW? Am I about to become inundated with TVG talent picks? :D

[mannyberrios]

According to Meadowlands Director of Racing Darin Zoccali, TVG will be taking over control of 4NJbets beginning March 1st. It was on his Twitter account. Anyone hear anything about this or familiar with TVG as an ADW? Am I about to become inundated with TVG talent picks? :D
Win more money with talent picks

[upthecreek]

According to Meadowlands Director of Racing Darin Zoccali, TVG will be taking over control of 4NJbets beginning March 1st. It was on his Twitter account. Anyone hear anything about this or familiar with TVG as an ADW? Am I about to become inundated with TVG talent picks? :D


i know they charge a .25 cent per wager fee, deposit fees and limited video streaming but you get the behind the wall "talent" picks!(LOL)

[Vinman]

i know they charge a .25 cent per wager fee, deposit fees and limited video streaming but you get the behind the wall "talent" picks!(LOL)


If this is indeed true about TVG taking over, are we to assume that there is no way around their .25 fee?

What about Big M Club wagering and points earned? Will that program continue or be shut down?

Vinman

[wonatthewire1]

Don't see anything with a web search about changes yet

did see this graph regarding unique visitors to the 4njbets site; 15K seems like a lot...
source http://www.plotip.com/domain/4njbets.com

[njcurveball]

I just wrote to a few NJ sources. The new "vig" will be either 25 cents per bet or $19.95 per month.

If 4njbets account holders protest they might get a clue, if not you can expect this to be like EZpass where each year they will just increase the fee.

We already pay a vig of 4.5% to deposit and gas and tolls to withdraw. The $240 a year isn't going to send me into poverty, but the whole point of being charged to do it rubs me the wrong way! :mad:

[njcurveball]

Got confirmation that this is happening and Account holders will be notified in the coming days.

Perhaps for Valentines Day we can all bend over for NJ? :mad:

The funniest thing is that casino gaming is coming on-line in NJ for free. Some dismiss it as coincidence.

[melman]

nj--It was bad enough for NJ residents before. This is even worse. If I lived in NJ I would just stop betting.

[Robert Goren]

nj--It was bad enough for NJ residents before. This is even worse. If I lived in NJ I would just stop betting. Thank your lucky stars you don't live in TX or IL. At least in NJ, you can make your bets.

[Vinman]

Without addressing the "legality" from the State of New Jersey's perspective of NJ residents placing horse racing wagers through entities other than njbets, I can say with authority that any NJ resident can open a NYRA Rewards account and bet with live operators at full track odds and with no surcharge of any kind. The only thing NYRA Rewards will not let a Jersey resident account holder do is wager online. It's blocked, for legal reasons. But as far as they are concerened, it is perfectly legal for them to offer phone account wagering to NJ residents.

Personally, I'd rather bet with a live operator anyway. You still have online access to your account balance, your past wagering records, live video, replays, results, tote....the whole nine yards. Oh, I almost forgot to mention that NYRA rewards has the best "comp" schedule in the business, excluding the off shore operations of course.

So there is no reason for any NJ horseplayer to endure this latest kick in the pants from those who decided to hand over njbets to TVG and their fee based nonsense.

Vinman

[njcurveball]

Without addressing the "legality" from the State of New Jersey's perspective of NJ residents placing horse racing wagers through entities other than njbets, I can say with authority that any NJ resident can open a NYRA Rewards account and bet with live operators at full track odds and with no surcharge of any kind. The only thing NYRA Rewards will not let a Jersey resident account holder do is wager online. It's blocked, for legal reasons. But as far as they are concerened, it is perfectly legal for them to offer phone account wagering to NJ residents.

Personally, I'd rather bet with a live operator anyway. You still have online access to your account balance, your past wagering records, live video, replays, results, tote....the whole nine yards. Oh, I almost forgot to mention that NYRA rewards has the best "comp" schedule in the business, excluding the off shore operations of course.

So there is no reason for any NJ horseplayer to endure this latest kick in the pants from those who decided to hand over njbets to TVG and their fee based nonsense.

Vinman

Thanks for the info. :ThmbUp:

[rwryley]

I noticed that the on-line sign up for a NYRA rewards account has a drop-down menu in the state field for only NY and CT. Do NJ residents have to sign up via phone? It seems that even if you have to bet via phone, I guess you might have to sign up that way too. Any info?

[Vinman]

You could call NYRA Rewards and they would probably mail or fax you a phone account application. Obviously a visit to AQU would work as well.

Vinman

[upthecreek]

Without addressing the "legality" from the State of New Jersey's perspective of NJ residents placing horse racing wagers through entities other than njbets, I can say with authority that any NJ resident can open a NYRA Rewards account and bet with live operators at full track odds and with no surcharge of any kind. The only thing NYRA Rewards will not let a Jersey resident account holder do is wager online. It's blocked, for legal reasons. But as far as they are concerened, it is perfectly legal for them to offer phone account wagering to NJ residents.

Personally, I'd rather bet with a live operator anyway. You still have online access to your account balance, your past wagering records, live video, replays, results, tote....the whole nine yards. Oh, I almost forgot to mention that NYRA rewards has the best "comp" schedule in the business, excluding the off shore operations of course.

So there is no reason for any NJ horseplayer to endure this latest kick in the pants from those who decided to hand over njbets to TVG and their fee based nonsense.

Vinman

Currently only New York and Connecticut residents can wager over the phone with a NYRA Rewards account. New Jersey residents can sign-up and wager with an account on-track but are not allowed to wager over the phone when not in New York and will only have access to account balance, points, and live streaming video when logged into their NYRA Rewards account online.

[castaway01]

I just wrote to a few NJ sources. The new "vig" will be either 25 cents per bet or $19.95 per month.

If 4njbets account holders protest they might get a clue, if not you can expect this to be like EZpass where each year they will just increase the fee.

We already pay a vig of 4.5% to deposit and gas and tolls to withdraw. The $240 a year isn't going to send me into poverty, but the whole point of being charged to do it rubs me the wrong way! :mad:

Just to clarify one thing, if you make a deposit at a racetrack, it's free to do so, no fees or charges. You would have to pay for gas, obviously, but I've been depositing money at Freehold for years with no charges. I wanted to mention that for those outside the state who don't know. If you send them the money through a credit card, there may be a fee there.

I'm pissed off about these BS fees. Sure, it's not a ton of money, but we should not have to pay for the privilege of wagering. I'd already curtailed my wagering due to life circumstances and lack of time (marriage, family). Since 4njbets was where I did the large majority of my wagering, this makes me consider giving it up altogether.

[Rutgers]

I just wrote to a few NJ sources. The new "vig" will be either 25 cents per bet or $19.95 per month.



Did your sources say TVG will become the account wagering platform operator for 4NJbets or that TVG is going to be the ADW company for NJ?

In my uneducated and knee-jerk opinion, if TVG did become the ADW company in NJ, it could be in violation of the “commerce clause“, as TVG is not a NJ company. If NJ law requires it’s residents to use a specific out of state company for horse wagering, it would be an interstate transaction and the states do not have the power to regulate interstate commerce.

Even if 4NJbets remains the bet-taker and TVG is the platform operator, they can still impose wager fees if the wished. (The industry is struggling right now in NJ, so it makes perfect NJ sense to increase the cost of wagering.)

[njcurveball]

Did your sources say TVG will become the account wagering platform operator for 4NJbets or that TVG is going to be the ADW company for NJ?


From what I heard they will be the one and only ADW allowed in NJ. There is supposed be a press release and account holders contacted by the end of this week, so by my Math that would be tomorrow.

I am also interested in all the details. Sources say if you bet enough they refund the fees, I hope that is true.

[Pacingguy]

News didn't come this past weekend due to last minute regulatory issues. Apparently, those issues have been resolved because I got a response to a query I posed TVG.


Thank you for contacting TVG. On March 1st TVG will become the operator for 4NJBets.com. If you already have a 4NJBets accounts watch for communication in your email box on how your account will be transitioned. We look forward to providing your account wagering needs.

If you have any further questios or concerns, please feel free to give us a call or send an email. We’re glad to help.


For the record, Scientific Games, the current operator of 4NJBets is not a NJ company as is Betfair (TVG). The contract was up for renewal and TVG won. It is important to note that Betfair has a platform they can use for Exchange wagering so that may have been one of the reasons why they won it.

I am pretty sure we are going to get the TVG platform. Whether they are taking over the 4NJBets.com domain or not, remains to be seen.

One point about their fees. At one point someone told me that existing account holders will not be facing any additional charges, suggesting the accounts will be grandfathered as being free. However, I will believe it when I get more info (of which I am trying to find out more).

What I will say is a fee will cut down my wagering significantly. I am a small time player so a $.25 fee means I am going to pay about 12.5% for the privilige of wagering as a $2 gambler. I realize the lack of my wagers aren't going to bankrupt anyone but that means I will have in effect a 29.5% takeout for a win wager? I think not. In addition, if a track doesn't have video on their website, they will be scratched off my list as well.

If I am getting screwed over, this could be the best thing to happen to my bottom line.

[Pacingguy]

One point about their fees. At one point someone told me that existing account holders will not be facing any additional charges, suggesting the accounts will be grandfathered as being free. However, I will believe it when I get more info (of which I am trying to find out more).


I followed up with TVG and told them that current NJBets.com customers pay no wagering fees or fees for video. I asked them what would be the case when TVG takes over and here is their response:

I checked with TVG about pricing. I mentioned to them there currently are no wagering fees or fees for video and this was the response I got.

Thank you for contacting TVG. The pricing plan will stay the same as you currently have with 4NJBets.com.


Will there be other surprises? Who knows? Time will tell. I look forward to their email. In the meanwhile, as of now I am satisfied.

[Vinman]

I stopped in Favorites in Woodbridge last week to specifically ask if the Big M club program will be continued in its current form so that players who bet live at the track or OTW will continue to earn points as before. I was told yes, which makes sense, as TVG has no interaction with these bets.

[Rutgers]

For the record, Scientific Games, the current operator of 4NJBets is not a NJ company as is Betfair (TVG). The contract was up for renewal and TVG won. It is important to note that Betfair has a platform they can use for Exchange wagering so that may have been one of the reasons why they won it.



Scientific Games is now Sportech. They are the platform operator for 4NJbets, they are not the actual bet taker. New Jersey Account Wagering is. NJAW is a partnership of NJSEA and PennWood racing. (which is now more complicated then that because of the leases with MP and the Big M). Sportech, a non-NJ entity, is basically providing a service to NJAW, which is a NJ entity.

So my question is, is TVG replacing Sportech as the platform operator for NJAW or is it replacing NJAW was the ADW in NJ?

If TVG does become just the platform operator and not the ADW itself, NJAW will (or should) determine any fees and/or rewards, not TVG.

[Pacingguy]

Anyone have an idea when the 'e-mail' explaining all this will be coming out? I suspect most of our questions will be answered then.

[castaway01]

Anyone have an idea when the 'e-mail' explaining all this will be coming out? I suspect most of our questions will be answered then.

I haven't received the email either, and I'm on the site right now and there is no updated news about the new management. I do appreciate you following up with them and I hope that what you heard about no fees for current members is correct. In theory, and I say this with no hope it will be true, things could get better with the change to TVG since the 4njbets platform and options are pretty awful. I guess we shall see.

[njcurveball]

A meeting has to be held with the Racing Commission and that is supposed to take place on Wednesday, Feb 27 at 1 pm in Trenton. Obviously since no one knows about this, there will be no objections and TVG will be granted a vendor license and go forward with all of this.

http://www.nj.gov/oag/racing/downloads/njrc_meet_pub_2013_0227_notice.pdf

Racing in NJ is a funny business, we have a Governor that says the tracks need to stand on their own while our tax dollars get flushed down the Revel toilets to the tune of billions of dollars.

The TVG choice may be a back door deal with Betfair so they can go froward with their new enthusiasm to get Sports Betting approved.

[njcurveball]

Anyone have an idea when the 'e-mail' explaining all this will be coming out?

It will be after the 27th now.

[NJ Stinks]

Just found out tonight about this from the front page here at PA. So I checked for an e-mail about this and have not received one. (Don't know if 4NJBETS even has my e-mail address.)

Aside from being pissed if I can't play tomorrow and this weekend because of startup crap, here's some pros and cons from what I see so far:

Pros:

1. Hopefully, more UK racing plus Asia on certain nights. If I can play Cheltenham in two weeks, I'll be beyond happy!

2. Hopefully, no more of that barbaric $4.50 fee per $100 using my debit card. (I live an hour each way from Freehold and driving there costs just as much in fuel and time as the idiotic fee.) Using a checking account sounds like we just might be entering a new century here. :rolleyes:

Cons:

1. No fan of TVG's style of shoving Pick Anything down our throats all day long. Plus I would never want to help pay Todd Schrupp's salary or - God forbid - help him get a raise. Anyway, if stinking NJ ever gave me a choice, I ain't pickin' TVG to make my bets through.

2. I'm concerned that the video will not be as good/reliable as what we had.

The charges per bet and video charge that I see at the TVG website (that we may or may not be subject to) probably won't affect me because of the betting threshholds but I still detest the idea of them.

In the end I have to say this. I'm over 60 and I still have put up with whatever slop NJ dishes out because I'm not allowed to shop around for an ADW. Meanwhile, have I mentioned that I've never been deliquent on my NJ property taxes the last 30+ years and always paid my NJ state taxes on time? The whole thing makes me *$@* furious.

Good thing I love horseracing. :)

[RunForTheRoses]

Without addressing the "legality" from the State of New Jersey's perspective of NJ residents placing horse racing wagers through entities other than njbets, I can say with authority that any NJ resident can open a NYRA Rewards account and bet with live operators at full track odds and with no surcharge of any kind. The only thing NYRA Rewards will not let a Jersey resident account holder do is wager online. It's blocked, for legal reasons. But as far as they are concerened, it is perfectly legal for them to offer phone account wagering to NJ residents.

Personally, I'd rather bet with a live operator anyway. You still have online access to your account balance, your past wagering records, live video, replays, results, tote....the whole nine yards. Oh, I almost forgot to mention that NYRA rewards has the best "comp" schedule in the business, excluding the off shore operations of course.

So there is no reason for any NJ horseplayer to endure this latest kick in the pants from those who decided to hand over njbets to TVG and their fee based nonsense.

Vinman

I may give this a try, I personally prefer impersonal internet betting but phone is OK too.