Sports Wagering one step closer in NJ....

[onefast99]

Originally Posted by Robert Goren

Dream on. You are letting "what you want" cloud your judgment. You looking at it too narrowly. It would be a shock if a lower court ruled in favor of NJ. Now the Roberts court is different story. Nobody knows what kind of pervert logic they will come with to justify a ruling either way.

No need to dream about anything we all know how courts sometimes don't get it right but in this case it is too obvious that the professional sports leagues in some way shape or form will be harmed by MP getting a sw platform. What they are really saying is we want to be involved in every facet of the platform and we don't know how to tell you this legally so we shall let our attornies try to figure it out and bend your fingers back until you say Uncle!

[wiffleball whizz]

Originally Posted by horses4courses

That figure has increased since back in the day.
It's rise is mostly due to decline in other areas, mainly table games.

Theoretical win on sports wagering is close to 4%, which is low.
Most table games, or even race wagers, hold quadruple that.

Many people think that charging 11 to win 10 translates into 10% hold.
That can't be, as for every 22 you take in on a single game,
in theory you pay back 21.

That hold, in itself, is slightly under 5%, however, real life does not match
theory. Action is seldom two-sided, and this can result in a lower
win percentage. Betting volume is key, and a good result
in a big game, such as the Super Bowl, will increase hold percentage.

Great post !!

[onefast99]

Originally Posted by thespaah

Yeah, but those people are not the ones claiming irreparable harm.

Debatable, but not here.

[Robert Goren]

Originally Posted by cj

They don't seem to mind playing a game London where gambling is prevalent.

Good point. The best one made by the "NJ will get sports wagering" yet here. But they still own their product and all rights to it. That in a crux is their case. It is hard for the courts to rule otherwise.
Of course the fear by the leagues is that legalized SW will lead to games being fixed or least the perception of it. With the money pro players get, I doubt that would be a concern. They have a better case with college games. We have cheating scandals before in college hoops. In these days where players risk their eligibility and draft position for free tattoos, it is not unreasonable to think a few could be bought to throw a game.

[horses4courses]

Originally Posted by Robert Goren

Good point. The best one made by the "NJ will get sports wagering" yet here. But they still own their product and all rights to it. That in a crux is their case. It is hard for the courts to rule otherwise.
Of course the fear by the leagues is that legalized SW will lead to games being fixed or least the perception of it. With the money pro players get, I doubt that would be a concern. They have a better case with college games. We have cheating scandals before in college hoops. In these days where players risk their eligibility and draft position for free tattoos, it is not unreasonable to think a few could be bought to throw a game.

Absolutely, RG.
College sports, in particular, is vulnerable to point shaving.

The best way to police irregular betting patterns,
with some chance of bringing those responsible to justice?
A well regulated, reputable, sports betting industry.

[Stillriledup]

Originally Posted by horses4courses

Absolutely, RG.
College sports, in particular, is vulnerable to point shaving.

The best way to police irregular betting patterns,
with some chance of bringing those responsible to justice?
A well regulated, reputable, sports betting industry.

Exactly. This is the same argument the anti-exchange wagering crowd makes, but what they don't realize is that the legal and regulated betting has a much better shot to weed out the shaky betting patterns than the underground industry will.

[horses4courses]

Originally Posted by wiffleball whizz

Great post !!

Whizz,

We need your first hand account of events at Monmouth on Sunday.
My feeling is that Will Hill will do it right, but it is Day 1 in NJ,
so there may be some teething trouble. I doubt it, though.

Have fun - cash big, and let us know how it all went down.

[wiffleball whizz]

Originally Posted by horses4courses

Whizz,

We need your first hand account of events at Monmouth on Sunday.
My feeling is that Will Hill will do it right, but it is Day 1 in NJ,
so there may be some teething trouble. I doubt it, though.

Have fun - cash big, and let us know how it all went down.

I get them from a close friend....

I'll be in Maryland and may make trip up there......this will happen soon enough

At the end of the day you can't have sports betting in Nevada and Delaware and then nj can't do it

[Robert Goren]

Originally Posted by horses4courses

Absolutely, RG.
College sports, in particular, is vulnerable to point shaving.

The best way to police irregular betting patterns,
with some chance of bringing those responsible to justice?
A well regulated, reputable, sports betting industry.

It has not worked all that well for horse racing. Fixed races and betting coups were on their way out when I started betting, but I saw a few and was in on a couple. Now days they cheat for purse money. Yes, they catch some, but I suspect not all.

[horses4courses]

Originally Posted by wiffleball whizz

I get them from a close friend....

I'll be in Maryland and may make trip up there......this will happen soon enough

At the end of the day you can't have sports betting in Nevada and Delaware and then nj can't do it

I agree, and hope this is a good sign
for things to come regarding sports betting here.

There's no reason why this business
should be treated like 1920's "speak easys".

[lamboguy]

i have said this before, the law that is on the books is bought and paid for by the state of Nevada. they don't want New Jersey to have sports wagering. to the best of my knowledge, in order for sports gambling to become legal in New Jersey there will have to be a nationwide vote and 2/3'rds of the vote to approve it. that being said, laws are made to be broken, if New Jersey finds a way around it, good for them.

[horses4courses]

Originally Posted by Robert Goren

It has not worked all that well for horse racing. Fixed races and betting coups were on their way out when I started betting, but I saw a few and was in on a couple. Now days they cheat for purse money. Yes, they catch some, but I suspect not all.

Comparing race wagering to sports, for me, is apples to oranges.

Trying to fix the outcome of a horse race is a
much different situation than in a ball game.
The only similarity is that humans are responsible for both.

Insiders benefiting from the outcome of a race can
stay under the radar by taking from a pari-mutuel pool.
When a legal bookmaker(s) is taking the loss,
it is far from the same situation.

[SandyW]

What the price on the over or under, plus or minus a 1000 posts before sports betting comes to New Jersey.
New Jersey will be better off spending all that money lobbying for a change in the federal law.

[Robert Goren]

Originally Posted by horses4courses

Comparing race wagering to sports, for me, is apples to oranges.

Trying to fix the outcome of a horse race is a
much different situation than in a ball game.
The only similarity is that humans are responsible for both.

Insiders benefiting from the outcome of a race can
stay under the radar by taking from a pari-mutuel pool.
When a legal bookmaker(s) is taking the loss,
it is far from the same situation.

I am not the one you have to convince. It is the sports leagues. They are not buying that argument. As I said before, their argument is that it is their product and that gambling on it in NJ will damage their product and/or brand. They do not have to prove that. NJ has to prove it won't because it is the leagues products. That will take facts and figures that do not exist. Whether you or I think it will or won't doesn't matter. This thing will go to supreme court unless NJ relents. The sports leagues won't give up. Even if the SC rules in favor of NJ, it isn't over. They pressure Congress for a new law and there is some chance they might get it.
It will take some "off the wall" ruling like the results of the games become common knowledge and the leagues do not have the right to stop their use in betting. A ruling like that would have such far reaching effects in other areas, I doubt any court would go there, but with the Robert court, who knows. That is the problem the courts have, almost any ruling in NJ's favor will effect on things outside of this case and outside of gambling too. It is nearly impossible to limit the ruling strictly to case. It almost has to apply to property rights and who owns what.

[Robert Goren]

Originally Posted by SandyW

What the price on the over or under, plus or minus a 1000 posts before sports betting comes to New Jersey.
New Jersey will be better off spending all that money lobbying for a change in the federal law.

Yes it would, but it chances there are bleak for the foreseeable future too.
I may reach a 1000 myself in this thread or a related one.