Bad Bet? Congress Wants to Regulate Web Wagering

[Kentucky Bred]

http://dc.internet.com/news/article.php/2168531


Can this affect the horseplayer? Well, many of us are beginning to take advantage of the offshore industry who are able to offer rebates and other aggressive perks for their customers. In addition, the future of betting will continue to be P2P (Player to Player) wagering which is revolutionizing Europe and other western nations in the southern hemisphere. This will all become much more difficult if these legislators have their way.

More importantly, notice that many of those congresspersons supporting the new proposed legislation have a vested interest in assisting their local betting establishments ( i.e. state casinos etc.). Their motives must be questioned, at least.

YOU CANNOT REGULATE CITIZENS WHO WANT TO GAMBLE BY PASSING LAWS. It won't work. It never has. You have to let every person become responsible for their own lives and actions. Without new laws to "protect" us from ourselves, citizens soon realize they must establish their own personal codes and rules to protect themselves from themselves. In my opinion, it is the only way to go in our new modern age.

Kentucky Bred

[andicap]

I find it ironic that people who yell and scream about the declining quality of American racing and the shabby nature of racetracks are the biggest backers of offshore books that do not put one cent back into the racing industry. Instead they siphon off millions that could go into improving the sport by helping purses and horsemen.

Don't get me wrong. I am not for regulating this action. (I'll leave this to two Republican senators, the party that always seems to scream that the government should stay out of people's lives -- oh yes, unless it is politically expedient or a moral issue, like gambling. Senator Dodd from CT, a Democrat, also mentioned in this story is not much better. Oh yes, he has some casinos in his state too.) The U.S. tracks would be much more competitive if they too offered sweet deals to their best customers, just like every other business in this country. If you buy in volume, you usually get a discount. Why not bettors?

No wonder people are betting offshore.

That said, I just wish people who support offshore books stop complaining about the lousy state of American racing. It is hypocritical. You can't have it both ways.

[Kentucky Bred]

Andicap:

I assume your post referred to me. Just so you know. I have no offshore books. I never have. I have never, to my knowledge, placed any horse wager through any venue other than the common pools. I believe in supporting the pools.

However, I do believe the world of racing should compete more effectively for patrons in this country. I do believe we should have the right to seek out competitive options and choices like other people around the world.

The phrase "many of us" is a collective expression referring to the many threads found on this site where PA members speak about their betting accounts offshore. However, having an offshore account does not negate you from supporting US racing and trying to make it better. Competition is a great economic stimulus and has been used by this country for over 200 years to offer products and services to people around the world that they cannot find in their area.

My point was that you will never be able to regulate gambling over the Internet especially when the services provided are wanted by the people.

Kentucky Bred

[Dave Schwartz]

Andicap,

While I find your post idealistic (and that is a good thing), I find the basic concept a bit unilateral.

You want to criticize the horse player for not taking care of the industry that has shown it does not give a care for him.

In my opinion, you are criticizing the wrong party.

I liken this to criticizing Americans who buy Japanese cars... The parties to criticize there are the American auto companies for not building the best car and the government for not providing the right tarrif structure.

Same thing here. The race tracks have a responsiblity to provide the best product... and they don't even try to improve the product... only the bottom line.


Regards,
Dave Schwartz

[Tom]

Demofrench are Republican - you idiots have enough BS runninsg wild in this country to keep your sorry *sses busy for generations.
Do something constructive for a change - both sides of the aisle are crawling with slimeballs. Regulating gambling will benifit NO ONE! Wake up, morons.
As far as car-I will never even consider an American made car. Period. If you ever visit half the number of assembly plants I have, you would see what I mean.

[Derek2U]

Good Morning Guys ... its a great day here in sunny manhattan
but I still see these moronic serious posts about the French etc
Guys go blading running walking enjoy ma nature before the
Krauts & Frogs invade us. derek

[linrom1]

Hey Genius,


Maybe racetracks should stop live racing and just get into the business of player vs player gambling; seems very lucratrive, especially since there isn't much of overhead.

[penguinfan]

Before this gets completely off topic I would like to say that Andicap has great point, but what do you do when the tracks refuse to improve the quality of the product?

Penguinfan

[Tom]

Originally posted by penguinfan
Before this gets completely off topic I would like to say that Andicap has great point, but what do you do when the tracks refuse to improve the quality of the product?

Penguinfan

Go to other tracks. Don' tbet the ones with a cheap product.
There is no need to play a bad track with all the opportuities available now. when you watch a bucnh of $2,000 3YOF coming down the stretch, they look just like a Gr.1 race to me. And they don't pay off on class-just the odds.

[formula_2002]

Build it and they will come.

Make money with it and they will tax it.

So lets see, a fed tax, a state tax, a local tax on the bets.

A track take-out. A fed and state tax on the profits.

The cost of information.

This is not a good business plan.

I have a deal for everyone.

Send all your betting money to me and I'll return 90% of it back to you.

Joe M

[andicap]

Originally posted by Kentucky Bred
Andicap:

I assume your post referred to me. Just so you know. I have no offshore books. I never have. I have never, to my knowledge, placed any horse wager through any venue other than the common pools. I believe in supporting the pools.

Kentucky Bred

Sorry if I implied my answer was aimed at you specifically. It wasn't. Just a general frustration. I actually agree with your main point that the tracks must be more competitive. And as I pointed out, I am not in favor of banning off-shore betting to protect the tracks.

[andicap]

Originally posted by Derek2U
Good Morning Guys ... its a great day here in sunny manhattan
but I still see these moronic serious posts about the French etc
Guys go blading running walking enjoy ma nature before the
Krauts & Frogs invade us. derek

Hey, I was in Manhattan today. My wife and brother in law tried to get into the Da Vinci exhibit at the Met. a 90 minute wait! They said, no way. So we headed to the playground with my daughter who -- much to my and my wife's chagrin -- opted for that sandy oasis over the Central Park petting zoo.

What a beautiful day!


;)