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-   -   The irony and joke of leagues asking for a bit of the sports betting action, now (http://www.paceadvantage.com/forum/showthread.php?t=143622)

LemonSoupKid 03-04-2018 05:04 PM

The irony and joke of leagues asking for a bit of the sports betting action, now
 
Have you guys seen these appeals by Silver or Manfred to get such things as "integrity fees"? What does betting on games have to do with you, something you've paid lawyers years for in order to keep down or quash. You just provide a product, and it gets great cable deals, advertisements, sells tickets, merchandises, etc. What others do as a sideshow on their time has nothing to do with you.

Now you want some of the action when you realize the jig is up? Why would any state even consider this? It's an embarrassment and a joke that these clowns (though I'm not surprised) are trying to do this.

As a measure of good will, why don't you first build your own stadiums. Or better yet, start first by paying back the tax payer for building it for you.

I find this insulting. I'd tell Silver or Manfred to go you know what

horses4courses 03-04-2018 06:48 PM

Reality Check
 
A bit of the action?

I hear the number 1% being mentioned.
That would be around 33% of theoretical profit.
Before any government take out.

There is much negotiating to be done
before any new legal betting takes place.

Valuist 03-06-2018 03:24 PM

About 20% of the profit, but still ridiculous.

Nothing more than a money grab from a couple of parasites. Adam Silver should thank God for gambling; how many people would watch that God awful 82 game regular season if not for gambling?

cj 03-06-2018 03:48 PM

The leagues have every right to make money since they are the ones putting on the show. How much is what is up for debate.

thaskalos 03-06-2018 04:22 PM

The leagues will get their money...and so will the bookmakers. The bettors have enough money to cover all the "costs of doing business". Does anybody really think that the impending "legalized sports betting" will be a 110-100 wagering proposition? It will be 115-100 at the MINIMUM.

LemonSoupKid 03-06-2018 04:29 PM

Quote:

Originally Posted by cj (Post 2286808)
The leagues have every right to make money since they are the ones putting on the show. How much is what is up for debate.

No they don't, otherwise they wouldn't be asking (they'd be doing) and for that matter, in a childish and horribly unconvincing way.

They have their leagues and make/pay their large sums due to the demand for their product via tickets, marketing, merchandise, etc. They sued for years to NOT allow gambling and now they should get some of the action because they lost the ability to stop others from something they knew they couldn't ever get?

And the obvious secret (as you should know) why they can't get it is because by definition, when you have a pro sports league, you can't make money on gambling as the sole sponsor or proprietor. Due to integrity it would never make sense, and is an industry fact, thus why you can only hope that others will listen to your insulting arguments about "integrity fees" or royalties when you have absolutely no right or legal backing to get them. Shouldn't you already be making sure your game has integrity? It's laughable.

What I do with someone else regarding your game has nothing to do with you except that you have this illusion that you should be involved. But you shouldn't and you can't, as I have shown. What's more, gambling actually helps you, you greedy bastards, by increasing excitement and fanfare.

I've lost a lot of respect for this totally lame cash grab by NBA and MLB. They should and will get precisely ZERO of the action, unless the states that soon to go bust by adopting this are that corrupt, or that stupid.

LemonSoupKid 03-06-2018 04:31 PM

Quote:

Originally Posted by thaskalos (Post 2286821)
The leagues will get their money...and so will the bookmakers. The bettors have enough money to cover all the "costs of doing business". Does anybody really think that the impending "legalized sports betting" will be a 110-100 wagering proposition? It will be 115-100 at the MINIMUM.

The States will almost instantly fail if they do that then.

With that increase in edge AND the fact that bets are tracked and you are taxed (unlike with locals) who would ever play a -115 or higher average wager?

I think they'll try this but soon see you get very little profit, if any.

jay68802 03-06-2018 04:55 PM

Quote:

Originally Posted by LemonSoupKid (Post 2286826)
With that increase in edge AND the fact that bets are tracked and you are taxed (unlike with locals) who would ever play a -115 or higher average wager?

Handicapper's?:)

Valuist 03-06-2018 05:59 PM

Quote:

Originally Posted by jay68802 (Post 2286838)
Handicapper's?:)

Not for very long. The offshores will continue to flourish.

The only ones who would bet minus 120 are those who don't know the math involved.

Minus 120 sides/totals is NOT a beatable game.

thaskalos 03-06-2018 07:31 PM

Quote:

Originally Posted by Valuist (Post 2286868)
Not for very long. The offshores will continue to flourish.

The only ones who would bet minus 120 are those who don't know the math involved.

Minus 120 sides/totals is NOT a beatable game.

Since when has the state shown an interest in offering "beatable games"?

horses4courses 03-06-2018 09:40 PM

Quote:

Originally Posted by Valuist (Post 2286801)
About 20% of the profit, but still ridiculous.

Nothing more than a money grab from a couple of parasites. Adam Silver should thank God for gambling; how many people would watch that God awful 82 game regular season if not for gambling?


How do you figure 20%?
Theoretical hold on sports wagering is not much over 3%.

horses4courses 03-06-2018 09:44 PM

Quote:

Originally Posted by Valuist (Post 2286868)
The offshores will continue to flourish.

I agree with that - at least in the short run.
The main reason will be phone and online wagering.
Solely bricks and mortar operations will not cut it.

oughtoh 03-06-2018 10:45 PM

So if MLB takes money from gambling bets, then Pete Rose should go into the HOF

jay68802 03-07-2018 02:27 AM

Quote:

Originally Posted by oughtoh (Post 2286958)
So if MLB takes money from gambling bets, then Pete Rose should go into the HOF

:lol:

jay68802 03-07-2018 02:42 AM

Quote:

Originally Posted by Valuist (Post 2286868)
Not for very long. The offshores will continue to flourish.

The only ones who would bet minus 120 are those who don't know the math involved.

Minus 120 sides/totals is NOT a beatable game.

My point is that handicappers are forced to bet into 20% + take out pools and still bet. Professional sports wants a cut of the $? Just like tracks want to get a cut of casino money. And if a track gets sports wagering, the local HBPA will want a cut of the $ also. Every time the $ get divided up, the bettor is going to be the one that pays for it.


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