andymays
07-29-2009, 05:25 PM
Ray Paulick: QUESTIONS REMAIN ABOUT BUSTED BOOKIE OPERATION
http://www.paulickreport.com/blog/questions-remain-about-busted-bookie-operation/
Excerpt:
Why does it matter who may have been betting through an illegal bookmaker?
For starters, money bet with bookmakers on horseracing doesn’t go into the pari-mutuel pools. That means these illegal bets that otherwise might have gone through the mutuel pools are stealing revenue from racetracks and horsemen. Second, knowingly associating with bookmakers is a serious matter that, at least in some states, can disqualify someone from a racing license as owner or trainer. (In California, for example, Rule No. 1902 reads: “No licensee shall engage in any conduct prohibited by this Division nor shall any licensee engage in any conduct which by its nature is detrimental to the best interests of horse racing including, but not limited to: (a) knowing association with any known bookmaker, known tout, or known felon.”
The federal government and the casinos in Las Vegas take this kind of thing seriously. I hope the TRPB and racing commissions do, too.
http://www.paulickreport.com/blog/questions-remain-about-busted-bookie-operation/
Excerpt:
Why does it matter who may have been betting through an illegal bookmaker?
For starters, money bet with bookmakers on horseracing doesn’t go into the pari-mutuel pools. That means these illegal bets that otherwise might have gone through the mutuel pools are stealing revenue from racetracks and horsemen. Second, knowingly associating with bookmakers is a serious matter that, at least in some states, can disqualify someone from a racing license as owner or trainer. (In California, for example, Rule No. 1902 reads: “No licensee shall engage in any conduct prohibited by this Division nor shall any licensee engage in any conduct which by its nature is detrimental to the best interests of horse racing including, but not limited to: (a) knowing association with any known bookmaker, known tout, or known felon.”
The federal government and the casinos in Las Vegas take this kind of thing seriously. I hope the TRPB and racing commissions do, too.