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10-24-2014, 05:53 PM
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#511
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Veteran
Join Date: Oct 2009
Posts: 25,607
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NFL doesnt pay taxes, and now we're letting them have a say in government?
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10-24-2014, 05:55 PM
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#512
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Dead money
Join Date: Apr 2013
Location: Baltimore
Posts: 3,838
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Quote:
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Originally Posted by thespaah
Spot on!
I'm grown weary of the OP's carping an moaning.
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Sandy W is a former casino employee who got pounded gambling week after week
Don't be sour sandy I work in the industry and blow a dime a week but I don't cry about it
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Bustout degenerate gambler
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10-24-2014, 05:55 PM
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#513
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Registered User
Join Date: Oct 2007
Location: NJ
Posts: 5,851
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Quote:
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Originally Posted by bks
Interesting passage from the Monmouth Park web site:
Does that mean that wagering on these sports will be permitted irrespective of the outcome of the Oct 31 hearing?
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I'm sure Dennis will await the Judges final order, $1.7m to the horseman if the Judge rendered the wrong decision, who gets to decide if he did or didn't?
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Remember the NJ horseman got you here now do the right thing with the purses!
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10-24-2014, 05:58 PM
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#514
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Registered User
Join Date: Oct 2007
Location: NJ
Posts: 5,851
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Quote:
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Originally Posted by Stillriledup
NFL doesnt pay taxes, and now we're letting them have a say in government?
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Their players, coaches and workers pay taxes in each and every city and state they play in during the season. A former NFL QB said he filed a tax return in 2001 that weighed over 11 pounds, it consisted of the filings for each and every state he played in.
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Remember the NJ horseman got you here now do the right thing with the purses!
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10-24-2014, 06:01 PM
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#515
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Registered User
Join Date: Aug 2007
Posts: 7,510
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Quote:
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Originally Posted by SandyW
Nope, just the facts from my 40 years in the gaming business. This is so over hyped as some sort of financial savior that it is laughable.
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Who said it was going to be a financial savior?
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10-24-2014, 06:05 PM
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#516
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Registered User
Join Date: Aug 2007
Posts: 7,510
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Quote:
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Originally Posted by onefast99
Racetracks are under the authority of the NJ Racing Commission, casinos are under the NJ Casino Gaming Commission. That is for the purpose of horse racing and gaming not sports wagering, that is self regulated and is part of the loophole in the law. You can continue to grasp at straws but every arguement you have brought to the table thus far is based on sandyw's heresay not the actual rulings and decisions thus far.
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Maybe SandyW might be booking bets and he'll be pissed if sports wagering comes to fruition. It will cut into his business... 
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10-24-2014, 06:06 PM
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#517
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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Quote:
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Originally Posted by onefast99
Based on what premise? There have been no other cases like this except Judge Shipps 2003 ruling, so based on the "temporary" restraining order he has essentially asked for more time so both sides can get together on some form of sports wagering that won't harm the professional sports leagues and NCAA or negate the right that the racetracks and casinos have to take wagering on sports. That is a tall task and until these groups can work something out he isn't going to make any permanent legal ruling, thus the temporary restraining order.
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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.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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10-24-2014, 06:07 PM
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#518
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Registered User
Join Date: Aug 2007
Posts: 7,510
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Quote:
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Originally Posted by Stillriledup
I agree with that for the most part. Booking sports bets for casinos are not as lucrative as slots, but you're right, it gets people in the building to spend money on other things and gets people into the state to spend on gas, food, lodging, etc which also helps that state's economy.
Maybe you start off at Monmouth because its a lot easier to start off there (start off slow) than start off at Meadowlands. A lot more people have access to Meadowlands than have access to Monmouth if they want to spend a day betting sports.
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I think SW is a cash cow for casinos. No other gaming takes a minimum of 10% off the top.
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10-24-2014, 06:07 PM
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#519
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,829
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Quote:
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Originally Posted by Stillriledup
NFL doesnt pay taxes, and now we're letting them have a say in government?
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They don't seem to mind playing a game London where gambling is prevalent.
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10-24-2014, 06:10 PM
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#520
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Registered User
Join Date: Aug 2007
Posts: 7,510
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Quote:
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Originally Posted by Canarsie
N.J. sports betting Q&A
http://www.nj.com/politics/index.ssf...trictions.html
Let me get this straight. They are going to self regulate themselves not even use a neutral company to hear cases? The first person who THINKS he gets stiffed goes to twitter land and posts how he gets shafted. The thing gets retweeted and retweeted and right off the bat they lose a huge percentage of their business.
Hoping I'm wrong but like I've stated before the people in charge don't have a clue on how to take care of their customers. This only cements how I felt about the lead people in charge of sw. Sheeesh even bookies record every call or have it documented on a computer trail. If there is a 49% chance the customer is right they will be given the benefit of the doubt. How long will it take their self regulated body to make a decision? This will be the quickest way to kill any chance of it being a success. |
Well, from the opposite prospective, if those taking the legal bets are discovered to be screwing their consumers, they will be out of business just as quickly.
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10-24-2014, 06:12 PM
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#521
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Registered User
Join Date: Aug 2007
Posts: 7,510
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Quote:
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Originally Posted by TravisVOX
Regardless of your opinion of its potential, and I'm obviously biased in all of this, but the core of the argument being that sports betting will cause harm to the NFL etc. is just silly given that millions of dollars are wagered legally on the sport every week in this country.
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Agree 100%.
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10-24-2014, 06:14 PM
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#522
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Veteran
Join Date: Oct 2009
Posts: 25,607
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Quote:
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Originally Posted by cj
They don't seem to mind playing a game London where gambling is prevalent.
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No doubt.
I'm sure the state of NJ could come up with a laundry list of "conflicts" that makes the NFL look hypocritical. It really probably comes down to the NFL not being able to get their "cut" and they're just playing dictator.
Not even counting all their "employees" who have given their league a black eye thru murder, domestic violence, drug related offenses, DUIs, etc, they have probably, maybe even unknowingly, gotten in bed with large companies who also have conflicts. The Rooney's are involved in horse racing and gambling and they own the Steelers.
The list of "conflicts" is endless and yet, THIS is going to harm them? Its laughable.
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10-24-2014, 06:18 PM
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#523
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Registered User
Join Date: Aug 2007
Posts: 7,510
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Quote:
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Originally Posted by onefast99
Their players, coaches and workers pay taxes in each and every city and state they play in during the season. A former NFL QB said he filed a tax return in 2001 that weighed over 11 pounds, it consisted of the filings for each and every state he played in.
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Yeah, but those people are not the ones claiming irreparable harm.
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10-24-2014, 06:31 PM
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#524
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Registered User
Join Date: Mar 2007
Location: Manhattan
Posts: 3,826
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Quote:
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Originally Posted by thespaah
I think SW is a cash cow for casinos. No other gaming takes a minimum of 10% off the top.
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According to the Nevada Gaming Report, SW accounts for just under 6% of the total win amount.
__________________
“Life does not ask what we want. It presents us with options”
― Thomas Sowell
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10-24-2014, 06:45 PM
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#525
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Registered User
Join Date: Jun 2009
Posts: 14,569
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Quote:
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Originally Posted by badcompany
According to the Nevada Gaming Report, SW accounts for just under 6% of the total win amount.
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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.
Last edited by horses4courses; 10-24-2014 at 06:48 PM.
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