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08-21-2010, 12:17 PM
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#31
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Registered User
Join Date: Jul 2007
Location: MILWAUKEE
Posts: 5,285
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Hey guys, somewhere I got lost.
If you are on the internet and the store front (Betfair) is in the UK wouldn't you be bound by their laws?
Another example, if you bet out of Puerto Rico the pay outs are capped. No one does anything about that? It could be a $1m payout and you get $300.
Why is CA sticking their nose into this? Bet to win or Bet to lose, what the difference? Things are what they are.
thanks
__________________
Never tell your problems to anyone because 20% flat don't care and 80% are glad they are yours.
No Balls.......No baby!
Have you ever noticed that those who do not have a pot to piss in nor a window to throw it out of always seem to know how to handle the money of those who do.
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08-21-2010, 12:23 PM
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#32
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Veteran
Join Date: May 2002
Posts: 444
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They are so wrong and have been so wrong abt the internet gambling from the beginning.
The gambling tide raises and lowers all ships.
The tracks help fund the internet gambling prohibition.
Are they better off or worse off for doing that?
Seems obvious to me the more people gambling online regardless of what they are betting on the better for all proprietors of online gambling-the tracks inluded and I think it is extremely obvious.
Their repeated prohibitive actions in this regard are as idiotic as the rest of their decisions regarding horse racing.
These guys are like the captain of the titanic telling the world the iceberg was unavoidable when the ship has been sailing directly at it for 20yrs.
They all need to go.
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08-21-2010, 12:31 PM
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#33
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Registered User
Join Date: Feb 2007
Location: Gods County, United Kingdom
Posts: 3,533
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Husker
If i want to bet on OZ racing i have to transfer into Aus Wallet, i presume this is for OZ law/tax purposes and i would presume a US exchange would abide to US laws
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08-21-2010, 12:32 PM
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#34
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Veteran
Join Date: May 2002
Posts: 444
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Quote:
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If you are on the internet and the store front (Betfair) is in the UK wouldn't you be bound by their laws?
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GL getting an answer here.
While BF is buying TVG other online bookmakers are going to jail.
BF does book bets besides being an exchange. In fact their entire business plan after setting up the exchange was how to extract same money from losers that the winners are-whether it be via SP, multiples, exchange games, casino games et al. SP and multiples are examples of booking bets.
YEs BF do not take Americans and that is a difference but they did at one point and online gambling is still illegal in the US according to the federal government and here we have an online gambling company buying US assets.
Same place that matched $100mill in the last US presidential election now owns assets in the US and is even pushing further-sponsoring races, trying to get stealth legislation passed. Do I have to point out one could literally fund a political assination by merely selling the other side on BF?
It is absurd beyond belief-who's laws are they bound by exactly?
WHo the f knows?
Last edited by Foolish Pleasure; 08-21-2010 at 12:36 PM.
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08-21-2010, 12:35 PM
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#35
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Registered User
Join Date: Jan 2008
Location: Sioux Falls, SD
Posts: 1,028
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Quote:
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Originally Posted by Foolish Pleasure
It is absurd beyond belief-who's laws are they bound by exactly?
WHo the f knows?
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This is not a unique situation to Betfair; it's common with all multinational companies. Betfair owns several corporations in several places, and what matters is where each company is incorporated.
The UK corporations are ruled by the UK laws, the US corporations are ruled by US laws, etc.
Hope that helps.
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08-21-2010, 12:38 PM
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#36
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Veteran
Join Date: May 2002
Posts: 444
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It was a rhetorical question.
Under US code any company operating in any state is legally bound by not only that state's laws but by federal laws as well.
Last edited by Foolish Pleasure; 08-21-2010 at 12:39 PM.
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08-21-2010, 12:47 PM
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#37
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Registered User
Join Date: Jan 2008
Location: Sioux Falls, SD
Posts: 1,028
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Quote:
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Originally Posted by Foolish Pleasure
It was a rhetorical question.
Under US code any company operating in any state is legally bound by not only that state's laws but by federal laws as well.
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I know it was rhetorical, I was just trying to be nice.
You're insinuating that they're breaking the law because their foreign companies are doing things that are illegal in the US. That's simply not the case.
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08-21-2010, 12:51 PM
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#38
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Registered User
Join Date: Feb 2007
Location: Gods County, United Kingdom
Posts: 3,533
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I find some of the comments on Paulick interesting.
G Patricks is one.
Someone should ask him/her if the French object or allow Berfair to put markets up on most thier of Group races. Someone should also ask why betfair is allowed markets on SA, NYRA etc. Has a US Tote facility and shows live feed from the majority of tracks.
Last edited by Charlie D; 08-21-2010 at 01:01 PM.
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08-21-2010, 01:01 PM
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#39
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Registered User
Join Date: Jul 2006
Location: Toronto
Posts: 4,962
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Quote:
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Originally Posted by Charlie D
The only people who would want to oppose this bill are those that want the monopoly to remain intact.
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Well done. Reality, in less than two sentences.
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08-21-2010, 01:03 PM
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#40
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Registered User
Join Date: Jul 2006
Location: Toronto
Posts: 4,962
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Quote:
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Originally Posted by Fager Fan
You continue to prove with every post that you care about nothing but your own pocket.
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If horseplayersbet.com cared about his own pocket, he would line up to kill this bill with Twinspires and Expressbet, because it means less business for him.
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08-21-2010, 01:13 PM
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#41
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Veteran
Join Date: Apr 2009
Posts: 9,908
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The real story here is the screwup by the leadership in California.
This is a great embarrassment. It's their bill.
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08-21-2010, 01:15 PM
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#42
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Registered User
Join Date: Feb 2007
Location: Gods County, United Kingdom
Posts: 3,533
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I'm sat here watching Toga on laptop and looking Toga Betfair markets and have an option to bet into Tote
I don't think i would be given these if Betfair were not already in partnership with these US tracks do you??
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08-21-2010, 01:16 PM
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#43
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Registered User
Join Date: Feb 2007
Location: Gods County, United Kingdom
Posts: 3,533
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Quote:
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Originally Posted by andymays
The real story here is the screwup by the leadership in California.
This is a great embarrassment. It's their bill.
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Andy, after listening to webcast other day it should be no surprise there is a screw up.
Last edited by Charlie D; 08-21-2010 at 01:18 PM.
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08-21-2010, 01:18 PM
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#44
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Veteran
Join Date: May 2002
Posts: 444
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Trying to be nice?
Try to be acurate next time.
Advertising the name Betfair alone is illegal in the US.
There is a ludicrous hypocrisy taking place,
think it was by chance they bought TVG the day after Obama took office?
-hint another rhetorical question. Of course it wasn't they just figured when Bush went away so would all the hate towards online bookies.
Last edited by Foolish Pleasure; 08-21-2010 at 01:20 PM.
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08-21-2010, 01:19 PM
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#45
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Veteran
Join Date: Apr 2009
Posts: 9,908
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Quote:
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Originally Posted by Charlie D
Andy, after listening to webcast other day it's no surprise they screwed up.
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It reminded me of an episode of the Adams Family with Dr. Arthur as Uncle Fester.
http://www.youtube.com/watch?v=NVRX_...eature=related
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