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-   -   Sports Wagering one step closer in NJ.... (http://www.paceadvantage.com/forum/showthread.php?t=114956)

onefast99 10-27-2014 05:49 PM

3rd circuit will hear this one in December once Judge Shipp grants the permanent injunction against MP. Betting for the superbowl(am I allowed to use that word?)at MP probable!

Stillriledup 10-27-2014 05:53 PM

Quote:

Originally Posted by onefast99
3rd circuit will hear this one in December once Judge Shipp grants the permanent injunction against MP. Betting for the superbowl(am I allowed to use that word?)at MP probable!

Actually, you're required to say "big game" and we have to guess what you mean. :D

horses4courses 10-27-2014 06:02 PM

The Big Game
 
Quote:

Originally Posted by Stillriledup
Actually, you're required to say "big game" and we have to guess what you mean. :D

You are correct, sir ;)

Just another small example of how lame
the NFL's position is in all of this.

MLB hasn't kicked up about the World Series.
Nor the NHL over the Stanley Cup.

High time for a reality check.

Stillriledup 10-27-2014 06:18 PM

Quote:

Originally Posted by horses4courses
You are correct, sir ;)

Just another small example of how lame
the NFL's position is in all of this.

MLB hasn't kicked up about the World Series.
Nor the NHL over the Stanley Cup.

High time for a reality check.

Right now the NFL is the "big bully" who has a product that people will watch no matter what, they can hire rapists, murderers, wife beaters, drunk drivers and other criminals to be their employees and we still watch, we can't get enough.

nearco 10-27-2014 06:22 PM

Quote:

Originally Posted by Canarsie
Thank you for enhancing my point. They don't even have close to 10% of that 170 million. Just because your from GB doesn't mean you're going to succeed over here and vice versa.

$1.45 BILLION is less than 10% of $170 million?

That's some wacky mathematics there. Do you work for the government by any chance?

nearco 10-27-2014 06:26 PM

Quote:

Originally Posted by horses4courses
Much of UK bookies' revenue is now derived from foreign sources.
They long to include the US market, should this country
ever comes to it's senses regarding sports wagering.
It would be the jewel in their crown.

Comparing Nevada revenues to Will Hill's global rake is unfair.
Add in illegal wagers, both domestic and offshore, that originate
in the US, and then you get a much more accurate number on
this lucrative wagering market.

I praise WH for taking the initial risk starting operations here,
but have issues with the nickel and dime operation that they
bought out, while retaining their mediocre management team.

They are gaining name recognition, and are in a good position
to be a leader should expansion come about.
Chances are, though, that this won't happen anytime soon.

Will Hill's overseas take is irrelevant.
The person I was responding to said that Will Hill doesn't come close to the Las Vegas sports books in operation size and ergo he claims they aren't up to the task. They dwarf the Nevada sportsbooks. The are 8 times the revenue of ALL Nevada sports books combined.

Illegal gambling is irrelevant, unless you claim the Nevada sportsbooks are handling illegal gambling.

horses4courses 10-27-2014 07:36 PM

Quote:

Originally Posted by nearco
Will Hill's overseas take is irrelevant.
The person I was responding to said that Will Hill doesn't come close to the Las Vegas sports books in operation size and ergo he claims they aren't up to the task. They dwarf the Nevada sportsbooks. The are 8 times the revenue of ALL Nevada sports books combined.

Illegal gambling is irrelevant, unless you claim the Nevada sportsbooks are handling illegal gambling.

Your statement implied to me that Nevada is the only relevant sports betting
figure in the US, and that the remainder US sports betting handle is trivial.
Far from the case.

If I misinterpreted, my apologies.

onefast99 10-27-2014 08:15 PM

Quote:

Originally Posted by Stillriledup
Right now the NFL is the "big bully" who has a product that people will watch no matter what, they can hire rapists, murderers, wife beaters, drunk drivers and other criminals to be their employees and we still watch, we can't get enough.

Adam Silver, who was quoted as saying that expanded legal sports betting is “inevitable” and the NBA would be open to participating in it, that is huge as you now have a willing entity to show the courts that the message the other professional sports leagues are sending that they feel more allowable wagering on their games could result on games being fixed is pure crap! Get this out of Shipps courtroom back to the third circuit and then let both sides argue their points, once they have done this it will become more evident SW is not going to harm or tarnish the image of the professional sports leagues or the NCAA.

Stillriledup 10-27-2014 10:16 PM

Quote:

Originally Posted by onefast99
Adam Silver, who was quoted as saying that expanded legal sports betting is “inevitable” and the NBA would be open to participating in it, that is huge as you now have a willing entity to show the courts that the message the other professional sports leagues are sending that they feel more allowable wagering on their games could result on games being fixed is pure crap! Get this out of Shipps courtroom back to the third circuit and then let both sides argue their points, once they have done this it will become more evident SW is not going to harm or tarnish the image of the professional sports leagues or the NCAA.

If anything, more legal wagering will HELP games be more honest. Fixers aren't waltzing into a casino with surveillance cameras and plunking down cash, in advance, to bet on a fixed game and then, after the game is over, going back to the same area to cash the ticket. Fixers aren't stupid, they're going to be doing their fixing with illegal bookies...you can get much more down with those guys than you can legally.

Also, another factor is that if the game fixer is a bad gambler, his bookie won't have any problem booking the large bet.....because he knows he will get it back eventually. With legal betting, they don't care if you're a bad gambler, they're not going to even take that kind of money on a game and even if they did, you might have trouble getting paid.

This is the same flawed argument horse trainers and owners use when trying to argue against exchange wagering. The Exc wager only helps weed out fixers, companies like Betfair aren't going to pay off the bet if they think something shady happened (and they also have your name and info attached to the bet)....unlike regular parimutuel pools that pay you the second the race is official and have no idea who made the bet.

nearco 10-27-2014 10:31 PM

Quote:

Originally Posted by horses4courses
Your statement implied to me that Nevada is the only relevant sports betting
figure in the US, and that the remainder US sports betting handle is trivial.
Far from the case.

If I misinterpreted, my apologies.

I never said that. Go back and read the post I was replying to, this comment in particular...." I just googled "top rated sportsbook in Las Vegas" and low and behold William Hill is nowhere to be found. Yelp doesn't list them either (top 10) and that will be the type of client they will probably get."

horses4courses 10-27-2014 11:04 PM

Quote:

Originally Posted by nearco
I never said that. Go back and read the post I was replying to, this comment in particular...." I just googled "top rated sportsbook in Las Vegas" and low and behold William Hill is nowhere to be found. Yelp doesn't list them either (top 10) and that will be the type of client they will probably get."

You know as well as I do that they are a large corporation.
One that has been bookmaking for close to 100 years.

The reason they don't have many large outlets yet in
Nevada, is because they took over multiple smaller
satellite sites throughout the state. I doubt very much
that building larger facilities is part of their goal.

Some of their outlets will be impressive, most will not.
They will be adequate. The future of sports betting
is on cellphones. That's where the bulk of the business
is around the world, and it's still a growing market.
Retail outlets for booking sports bets will matter less and less.

Although William Hill is not currently on the map as far as
impressive NV sports book go, their percentage of total handle
will be significant, and is so already. They have dozens of outlets
and won't shy away from large wagers. The odds they pay on
parlay cards, too, are among the best. Game in progress betting,
too, is a growth area in the business that they are a part of.

They are a major player in Nevada in a short time,
but their goal is to expand in the US if and when
laws change.

SandyW 10-27-2014 11:59 PM

Quote:

Originally Posted by horses4courses
You know as well as I do that they are a large corporation.
One that has been bookmaking for close to 100 years.

The reason they don't have many large outlets yet in
Nevada, is because they took over multiple smaller
satellite sites throughout the state. I doubt very much
that building larger facilities is part of their goal.

Some of their outlets will be impressive, most will not.
They will be adequate. The future of sports betting
is on cellphones. That's where the bulk of the business
is around the world, and it's still a growing market.
Retail outlets for booking sports bets will matter less and less.

Although William Hill is not currently on the map as far as
impressive NV sports book go, their percentage of total handle
will be significant, and is so already. They have dozens of outlets
and won't shy away from large wagers. The odds they pay on
parlay cards, too, are among the best. Game in progress betting,
too, is a growth area in the business that they are a part of.

They are a major player in Nevada in a short time,
but their goal is to expand in the US if and when
laws change.

William Hill, they may be big world wide, but in Nevada their handle is very small and not growing as most sports players bet at the larger and well known casinos, most sports players in Nevada never even heard of them and could not tell where any of their one man locations are.

SandyW 10-28-2014 12:12 AM

Quote:

Originally Posted by onefast99
Adam Silver, who was quoted as saying that expanded legal sports betting is “inevitable” and the NBA would be open to participating in it, that is huge as you now have a willing entity to show the courts that the message the other professional sports leagues are sending that they feel more allowable wagering on their games could result on games being fixed is pure crap! Get this out of Shipps courtroom back to the third circuit and then let both sides argue their points, once they have done this it will become more evident SW is not going to harm or tarnish the image of the professional sports leagues or the NCAA.

After all this is over the third circuit will uphold the federal ban, New Jersey is years away from sports wagering if they ever get it at all.
The powers against expanded sports wagering are way to powerful to get beat in any courtroom. Congress has to change the federal law for sports wagering to ever get off the ground in New Jersey or other states.

Robert Goren 10-28-2014 06:16 AM

Quote:

Originally Posted by SandyW
After all this is over the third circuit will uphold the federal ban, New Jersey is years away from sports wagering if they ever get it at all.
The powers against expanded sports wagering are way to powerful to get beat in any courtroom. Congress has to change the federal law for sports wagering to ever get off the ground in New Jersey or other states.

Like you, I have no idea where certain posters are getting the idea that the third circuit will rule in NJ's favor. They won't! Those posters keep posting the same things that they think the judges will take into account. The judges won't take those arguments into account in their decision. If you want to bet the Super Bowl and live in Jersey , find yourself an illegal bookmaker. They can't be that hard to find. If you want legalized sports wagering in United States, you have got to elect members of congress who will be open to changing the law. Unfortunately after the election in a few days, those members are going to be harder to find. This is going to be a long fight.

biggestal99 10-28-2014 06:20 AM

Quote:

Originally Posted by SandyW
After all this is over the third circuit will uphold the federal ban, New Jersey is years away from sports wagering if they ever get it at all.
The powers against expanded sports wagering are way to powerful to get beat in any courtroom. Congress has to change the federal law for sports wagering to ever get off the ground in New Jersey or other states.

So after the 3rd circuit said jersey can mold their sports betting laws as they wish, now they will go back and say "we didn't really mean it"

Whatever judge shipp rules, it will be overturned by the 3rd circuit on appeal.

Allan


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