Bettors Speak Out on 'Signal Wars'

[trigger]

http://news.bloodhorse.com//viewstory.asp?id=45349

[DeanT]

Hmm the New Jersey bettor sounds familiar :)

Nice job Ryan, and everyone who contributed.

[rrbauer]

Hammer! Hammer! Hammer! And, don't let up!

Keep those money belts zipped tight except where your business is appreciated and rewarded.

[Indulto]

http://news.bloodhorse.com//viewstory.asp?id=45349From the article:... “Look at all of the hoops that you are making people jump through,” said the bettor from New Jersey, who is restricted by law to only playing through the state’s regional ADW 4NJBets.com, a non-rebating entity. “What are you supposed to do, split all your money across nine ADWs so you can bet the tracks you want? I could set up a (limited liability company) in another state, but I don’t think that’s right. But are others doing it? Yes.” ...Anybody knowledgable about the legal aspects of doing this? Aren't wagering accounts linited to individuals? Can a group or team of players be represented in this fashion as well as an individual?

[startngate]

Anybody knowledgable about the legal aspects of doing this? Aren't wagering accounts linited to individuals? Can a group or team of players be represented in this fashion as well as an individual?ADW's licensed in Oregon can only open accounts for "natural persons" defined by their rules as:

"Natural Person": Any person at least 18 years of age, but does not include any corporation, partnership, limited liability company, trust, or estate.

http://arcweb.sos.state.or.us/rules/OARS_400/OAR_462/462_210.html

Of course it would be possible to do as long as the "natural person" wants to take the tax consequences ... :rolleyes:

Ian said on another thread that PTC can, so North Dakota must allow it. Not sure about anywhere else.

[Premier Turf Club]

I had no problems with an LLC playing through Elite Turf Club, RGS or Philly Park. We filed taxes every year like any other corporate entity.

[Cangamble]

And I just got an email that told me many sites still take Americans:
http://www.raketherake.com/
The companies on the left side with the US flag, take US customers.

Just shows me how idiotic the US ban really is.

[DeanT]

Slightly off topic, but not really as it conveys many thoughts of bettors in this piece - Nick Kling of the Troy Record offers some takeout thoughts via New York.

Thoroughbred racing and the airline industry have several things in common. Among the
most important is that, with a few exceptions, they treat their customers like cattle.
Apparently they expect their patrons will keep coming back to the trough to be fed, no matter how much it costs them in the end.

Unfortunately for racing fans, we don't get the same representation from politicians as do frequent flyers. Political leaders tend to cozy up to racing management instead
of grilling them in public hearings, like they do airline officials.

Higher takeout has been shown repeatedly to cause a decrease in total wagering. Eventually, since more people lose money than win betting on horses, there will be no money left to bet.

State leaders need to carefully consider the best way to create a level playing field for all of racing’s stakeholders.

http://www.troyrecord.com/WebApp/appmanager/JRC/BigDaily?_nfpb=true&_pageLabel=pg_article&r21.pgpath=%2FTRD%2FSports%2FHorse+Racing&r21.content=%2FTRD%2FSports%2FHorse+Racing%2FTopSt oryList_Story_2098681

[DJofSD]

DeanT, thanks for the update.

Yes, that's an interesting comparison.

So, is PTC the Jet Blue of the ADW industry?

[DeanT]

An ADW 101 piece by a racing lawyer. Some interesting stuff that helps explain some of this mess in a concise way.

http://www.ustrotting.com/absolutenm/anmviewer.asp?a=27245&z=29

[LottaKash]

Good stuff....thx ALL for your offerings........:cool:

[Indulto]

An ADW 101 piece by a racing lawyer. Some interesting stuff that helps explain some of this mess in a concise way.

http://www.ustrotting.com/absolutenm/anmviewer.asp?a=27245&z=29
Thanks for sharing, DT.

As well and comprehensively as it was written, there were some glaring ommissions: a) the horsemen's decision to allow RGS and Elite to take their signal, and b) TOC's freezing out PTC.

[Kelso]

From the article:
Whether negotiating conglomerates of either tracks or horsemen’s associations are beneficial or detrimental, assuming they are in fact legal, is a question that will be answered over time.


About the Author:
Chris E. Wittstruck, an attorney and Standardbred owner, is the founder and coordinator of the Racehorse Ownership Institute at Hofstra University, New York and a charter member of the Albany Law School Racing and Gaming Law Network.



A lawyer with industry credentials ... who is also an owner ... demurs from asserting that THG's activities are legal. Can a federal court ruling, that owners' Congressionally-conferred privileged status is illegal, be far behind? The sooner the better, for the bettor!