funny state laws...
around here, 'gambling' on a game of skill (such as billiards) is perfectly legal so long as you are a participant. Gambling on two guys playing you are just watching isn't. it comes down to a 'game of skill' vs. a 'game of chance'. I would argue that sports gambling, no matter the level, is more of a game of skill than chance- which is to say knowing the game, the players, the field, the tendencies, ect, is a skill to itself. Of course I could argue the opposite, too. Personally, I think gambling on kids playing the sport in non-professional ranks is a terrible business decision, where gambling on pro's is just as bad for a different reason.