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U.S. Supreme Court overturns federal sports-wagering ban

Topic closed. 28 replies. Last post 2 years ago by grwurston.

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Artist77's avatar - batman14

United States
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January 16, 2012
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Bookies aren't going to like this at all. 

At some point in the late 1980s Delaware flirted with sports betting. Instead of going to the actual lines makers though they had state employees guess at what the odds should be.

Word of this got out in Nevada and wise guys were flying to Delaware to profit from the skewed odds, and profit they did.

This will get interesting if it catches on though. It's said that the point spread only affects 1% of football games. Most people who bet it say that's not their experience. It takes 52.6% winners to break even thanks to the 'vig'. That is 110 to win 100. 

The bookies and sports books strive to keep a balanced book, equal action on both sides of a game. Thus the losers pay the winners and the house keeps the vig. (Vigorish). 

The real money is to be made in baseball with money line parlays, but most people bet football.

So are bookies out of business in the near future?

Je vous salue, Marie, pleine de grace.  We will rebuild!

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    Simpsonville
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    January 22, 2015
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    Think about the states that don't/didn't/won't have sports betting and that answers your own question.  Supreme Court gave blanket authority to states that WANT to do .  Honestly, could you see certain states that I won't mention because it always offends someone on LP going into this.  Hint:  Most of them don't have a lottery.

     

    Being retired US ARMY--GO ARMY--I don't like the antiquated 1962 forbidding me from picking up the phone and say order MM/ PB tickets from California or Heaven forbid the Internet.  I can, thankfully, buy MegaBucks Doubler (Mass) over the phoneline and even ordered a Season Ticket for my Arizona LP friend.  This is what I'm talking about, maybe it isn't a First Amendment Rights Issue, I get that.  I do feel that living in this country I don't need Big Brother dictating what I can and cannot do with my money.  Screw that.  For those who have served Honorably as this Soldier did it is a big deal, but you know what?  Life goes on and I've got bigger fish to fry. 

    Been totally retired now for four months now and LIFE IS GOOD!

      Artist77's avatar - batman14

      United States
      Member #121741
      January 16, 2012
      7675 Posts
      Offline

      Think about the states that don't/didn't/won't have sports betting and that answers your own question.  Supreme Court gave blanket authority to states that WANT to do .  Honestly, could you see certain states that I won't mention because it always offends someone on LP going into this.  Hint:  Most of them don't have a lottery.

       

      Being retired US ARMY--GO ARMY--I don't like the antiquated 1962 forbidding me from picking up the phone and say order MM/ PB tickets from California or Heaven forbid the Internet.  I can, thankfully, buy MegaBucks Doubler (Mass) over the phoneline and even ordered a Season Ticket for my Arizona LP friend.  This is what I'm talking about, maybe it isn't a First Amendment Rights Issue, I get that.  I do feel that living in this country I don't need Big Brother dictating what I can and cannot do with my money.  Screw that.  For those who have served Honorably as this Soldier did it is a big deal, but you know what?  Life goes on and I've got bigger fish to fry. 

      Been totally retired now for four months now and LIFE IS GOOD!

      Thank you for your service.

      Je vous salue, Marie, pleine de grace.  We will rebuild!

        Coin Toss's avatar - shape barbed.jpg
        100
        Zeta Reticuli Star System
        United States
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        January 17, 2006
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        So are bookies out of business in the near future?

        Artist77,

        Probably not.

        Kyle7824,

        10 team parlay? anything beyond a 3 or 4 teamer is considered a Keno ticket, not a football bet.

        Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

        Lep

        There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

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          100
          New York, NY
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          March 23, 2013
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          Although the sports leagues, especially in my opinion the college athletic leagues are losers in this situation, eventually they are going to want to figure out a way to make money off of this.

          Sometimes you do the right thing just because it’s right.

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            100
            New York, NY
            United States
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            March 23, 2013
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            Bookies aren't going to like this at all. 

            At some point in the late 1980s Delaware flirted with sports betting. Instead of going to the actual lines makers though they had state employees guess at what the odds should be.

            Word of this got out in Nevada and wise guys were flying to Delaware to profit from the skewed odds, and profit they did.

            This will get interesting if it catches on though. It's said that the point spread only affects 1% of football games. Most people who bet it say that's not their experience. It takes 52.6% winners to break even thanks to the 'vig'. That is 110 to win 100. 

            The bookies and sports books strive to keep a balanced book, equal action on both sides of a game. Thus the losers pay the winners and the house keeps the vig. (Vigorish). 

            The real money is to be made in baseball with money line parlays, but most people bet football.

            There will always be better bettors than others. They will win big.

            Sometimes you do the right thing just because it’s right.

              dpoly1's avatar - driver
              PA
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              October 16, 2008
              1991 Posts
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              The politicians have new dollar signs in their eyes!

              $$$$$$$$$$$$

              dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

               

              Eschew Poverty ........... Vote Conservative!

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                Simpsonville
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                January 22, 2015
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                The politicians have new dollar signs in their eyes!

                $$$$$$$$$$$$

                I Agree!

                 

                Their grubby little hands already itching like there's no tomorrow.  Cha ching is all they know anymore.  Lottery and casino is all the kid is going to do, no speculation on any sports.

                  Coin Toss's avatar - shape barbed.jpg
                  100
                  Zeta Reticuli Star System
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                  There will always be better bettors than others. They will win big.

                  True, but they are rare.

                  There was a guy in Vegas who could not walk into a sports book and make his own bets because if he did there would have been a line of people behind him wanting $100 worth of whatever he just bet, so he always had to 'send in a beard'.

                  He bet sides and over/unders, not parlays. 

                  "Heart bets" destroy a lot of bettors (favorite teams).

                  Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

                  Lep

                  There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

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                    Simpsonville
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                    January 22, 2015
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                    Glancing @ different newspapers around the country and casino websites it is interesting how fast states/casinos are gearing up for this. 

                    This doesn't interest me in the least, but they must be spot on with $$$ flashing in their greedy eyes.

                     

                    Off to the store to cash in my huge $4 Mega Millions win....lol!

                      Coin Toss's avatar - shape barbed.jpg
                      100
                      Zeta Reticuli Star System
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                      Interesting news item;

                      WILL ILLEGAL BOOKIES GO OUT OF BUSINESS?

                      Probably not, said Kate Lowenhar-Fisher, a Las Vegas-based attorney who chairs the gaming practice at Dickinson Wright. Illegal bookies have longstanding relationships with their customers, some of whom prefer the anonymity of gambling offshore, and they don't have to pay taxes or fees. Plus, with states legalizing sports betting in a piecemeal fashion, illegal operators will continue to be more convenient for many bettors.

                      Savvy businesspeople are also likely to create new gambling products that aren't specifically addressed by state laws, just as daily fantasy sports companies did while the federal ban was in place.

                      "Americans will continue to be entrepreneurial, especially finding a way to evade all the compliance costs, tax costs, regulatory costs," Lowenhar-Fisher said. "That's exactly what the fantasy sports operators tried to do — offer sports betting without having to deal with all the things a sports book operator has to deal with."

                      http://www.journalgazette.net/article/20180515/AP/305159873

                      Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

                      Lep

                      There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

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                        Kentucky
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                        February 14, 2006
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                        No doubt for gamers nationwide, this is finally a winner for most states over as the wheel of progress like the roulette keeps spinning.....

                         

                        Pro-Player & FairGame Advocate

                        Eddessa_Knight with Freedom's Light Sun Smiley

                        After the Supreme Court ruling, the NCAA president is callingfor a federal regulatory framework for sports gambling. Hopefully someone will explain to Mark Emmert why the SC lifted the ban.

                          Coin Toss's avatar - shape barbed.jpg
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                          Zeta Reticuli Star System
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                          I wonder if this will get the NFL to admit that there really are point spreads on the games.

                          Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

                          Lep

                          There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

                            grwurston's avatar - Lottery-012.jpg
                            Win Today.
                            bel air maryland
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                            The analysis is in multiple places and I find it very clear reasoning. States rights,

                            the individual states can decide the issue, and there was no comprehensive federal law on the issue.  So, in a sense, Bleudog was on the right track.

                            Here in Md, the state legislature will have to decide whether or not to have a vote, to change the state constitution to allow sports gambling. So far they are saying it won't happen this year. As long as they took to finally allow casinos in the state, it could be 5 years before it happens. 

                            If other states need to do the same thing, it may not be the slam dunk to allow it that everyone thinks it will be. At least not right away.

                            "You can observe a lot just by watching." Yogi Berra, Hall of Fame baseball player.

                            The numbers will tell you what numbers to play. Pay attention to the numbers.