Best state of location for betting

[On Spec]

I'm not planning to move any time soon, but I'm trying to figure out this ADW thing and how the different states use it and how to take advantage of it, and it's kind of confusing, what with the different state authorities permitting or not permitting this or that. So I thought this question might help to clarify the issue:

If you wanted maximum advantage as a bettor, what state would you locate to and what ADW's and terms would you require? or do states and laws regarding ADWs matter? is there something I'm overlooking?

This is assuming you want to stay legal and on the up and up with authorities -- no posing.

. . . or if there's a better question to be asking about this, please feel free to substitute your own. Thanks.

[Robert Goren]

It ain't Nebraska.

[Charli125]

Originally Posted by Robert Goren

It ain't Nebraska.

I'm thinking Oregon might be one of the best since that's where a lot of the ADW's are licensed. The fewer hands out between you and the pools, the better.

One other thing to check on though is state income tax. I know we don't have it here in WA, but I can't vouch for other states. I've always heard that Oregon was pretty tax friendly though.

[kingfin66]

Oregon has a state income tax, but no sales tax.

[On Spec]

So does this mean that Oregon allows all ADWs to give rebates? I know that California does not.

I'm also guessing that states with racing attempt to protect their resident tracks by restricting wagering on races from other states -- again, like California, which in the simulcast area restricts the number of out-of-state races that can be played (which seems so odd, though I'm sure there's some kind of business reasoning behind it). Do ADWs restrict residents of given states in any way? Would this mean that the best place to live would be a state that has no horse racing, and thus no tracks to "protect"? But then I'm reading that Alaska bars many ADWs from operating.

Confusing. Any help?

[stuball]

Wisconsin has no tracks-even the dog tracks have died-killed by the indian
attack...but we have 4 and 5 foot snow drifts if you can handle that...LOL

Stuball

[horsepro]

ADWS All do the same thing.
They take bets on behalf of the tracks and are kicked back a percentage from the venue.
The percentage range varies at different tracks, so they get different amount.
Remember the track will never go broke because this is all parimutuel wagering regardless of how much a person bets.
The ADW gets a percentage back anyway.
Some adw offer different rebates or promotions because they take it out of their commission based on volume.
If a track is giving them 7% they can afford to give the customer 3% back and still make a profit.
ADW only care about one thing , it is called CHURN! how much money is turned over win or lose.

The Two best adws are Twin spires and Bet America. Tvg has limitations.
Also a lot of smaller ADW are basically an extension of the larger ones as they are piggy backing of the big ones and get a kick off the top.

[horsepro]

Dont feel bad even the states with good tracks keep cancelling when there is no weather issue. Look at PARX philadelphia, they might as well be located in Wisconsin!
The racing industry is going to the dogs.

[horsepro]

THE ANSWER IS YES WHY NOT., OREGON HOLDS THE LARGE BATCH OF ADWS.

[horsepro]

Originally Posted by On Spec

So does this mean that Oregon allows all ADWs to give rebates? I know that California does not.

I'm also guessing that states with racing attempt to protect their resident tracks by restricting wagering on races from other states -- again, like California, which in the simulcast area restricts the number of out-of-state races that can be played (which seems so odd, though I'm sure there's some kind of business reasoning behind it). Do ADWs restrict residents of given states in any way? Would this mean that the best place to live would be a state that has no horse racing, and thus no tracks to "protect"? But then I'm reading that Alaska bars many ADWs from operating.

Confusing. Any help?

That makes no sense. It does not matter what sate you live in as long as you are allowed to wager there.
That is why many people wager on off shore accounts.

[horsepro]

Originally Posted by stuball

Wisconsin has no tracks-even the dog tracks have died-killed by the indian
attack...but we have 4 and 5 foot snow drifts if you can handle that...LOL

Stuball

Dont feel bad even the states with good tracks keep cancelling when there is no weather issue. Look at PARX philadelphia, they might as well be located in Wisconsin!
The racing industry is going to the dogs.

[horsepro]

Originally Posted by Robert Goren

It ain't Nebraska.

with money management and discipline all things are possible. But Horse Racing stands alone in a league of their own. Its the thrill that got many there but the action that keeps them coming back.

[adwplayingfool]

absolutely not true, it varies greatly in many states..... some states you can not wager at all, some states like mine (VA) you can wager but the rewards/rebates are peanuts because the state has an 11% source market fee I wagered $9,500 on xpressbet last month and got a $60 reward at the end of the month not to knock xpressbet as that is better than I would have gotten at the other adw's, then some states you can wager and get awesome rebates.... if i lived in say Maryland I would probably received arond $500 in rebates for my play style as opposed to $60 which makes what state you reside in a huge difference many months it is the difference between being up $400 or down $100

[Robert Goren]

Originally Posted by Robert Goren
It ain't Nebraska.

Originally Posted by horsepro

with money management and discipline all things are possible. But Horse Racing stands alone in a league of their own. Its the thrill that got many there but the action that keeps them coming back.

Nebraska has a poorly word bill concerning ADWs. I know of only three American based ADWs that take bets from Nebraska and two of them have pretty limited menu of tracks. It also has a state income tax, but as they go it is not too bad. If looking to make a living bet horses, I would look into moving. There has to be a more favorable location. P.S. The weather is not all the great either. Cold and snowy in the winter. Hot and Humid in the summer. The good news is our football team is on the rebound.

[therussmeister]

Originally Posted by horsepro

Remember the track will never go broke because this is all parimutuel wagering regardless of how much a person bets.

The track will never go broke? Somebody ought to tell Stronach that. He didn't get the memo.