CFB51 College Football Fan Community
The Power Five => Big Ten => Topic started by: ELA on May 14, 2018, 10:42:53 AM
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http://www.espn.in/chalk/story/_/id/23501236/supreme-court-strikes-federal-law-prohibiting-sports-gambling
I have been to the casino in Pittsburgh three times (I think?) in the 8 years it's been open, always just to eat. I don't enjoy any sort of table games or slots. But for sports betting....well...
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It strikes me as odd that some Federal law could be in effect for 49 states and not Nevada.
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yippee.
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It strikes me as odd that some Federal law could be in effect for 49 states and not Nevada.
The good fellas who started Las Vegas made the political fellas an offer they couldn't refuse?
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"Justice Ruth Bader Ginsburg dissented, and joined by Justice Sonia Sotomayor and Justice Stephen Breyer in part, criticized the majority for wielding an ax to "cut down" down the entire statute instead of "using a scalpel to trim the statute." She suggested the law could be severed for a less broad ruling that would only impact the states and not private parties."
I gather the dissent appears to be based on scope more than the core intent.
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Ginsburg defines dissent.
I thought she was moving to France?
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she didn't like the method in which the Court ruled. So yes, her writing is more about scope, other than some yearning to keep the sports books out of New Jersey.
This is one of those (many) cases where the media invents news. "Supreme Court sides with legalizing sports gambling'. Nobody is siding with sports gambling in this decision.
That headline gets a lot more clicks, and papers sold than "Court rules on statutory interpretation question involving sports gaming'.
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Man I love sports books. If Ohio allows them I may actually go to the casino.
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so, the march madness office pool is now legal?
whew!
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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.
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unless the "game/contest" is "fixed", it's a gamble
and a very good chance to lose $$$
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unless the "game/contest" is "fixed", it's a gamble
and a very good chance to lose $$$
Getting into your car every morning to go to work is a gamble. We pretend it's a game of skill, but there's always a chance that some other driver is going to kill you. But the reward of actually going to work so you can pay your bills is worth the risk of dying, given the low odds of dying.
Sports betting is a gamble. But it's not a game of fixed odds such as blackjack, roulette, etc. It's a game where the oddsmakers are trying to evaluate, based upon the team, where to set the spread. To be a sports bettor, you're making the statement you think you know--at a better than even rate, when the oddsmakers are wrong.
In that sense, it's actually closer to stock investing [at a day-trader level]. You're banking on your ability to be ahead of the crowd, and accurately determine the next move of a stock when deciding whether to buy or sell. The price of a stock depends on the aggregate behavior and beliefs of a great many investors. The key is to understand before others do which trends will drive the stock price, i.e. to determine when "the market" is currently wrong, and which direction it's wrong.
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Ohio among states itching to OK sports betting (http://www.dispatch.com/news/20180110/ohio-among-states-itching-to-ok-sports-betting)
"16 states will introduce bills to regulate sports betting this year, with 11 — including Ohio — having a good chance of passing legislation."
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WOW. This was so far off my rader, I'm shocked; but now hearing the following, i feel naive for not thinking about it.
NFL and NBA want their cut of the gambling pie. Nevada Gambling commision has never paid any of the leagues for sports betting, but now that the federal ban has been lifted the NFL wants a federal regulation implmented. (WTF?!? I really think the NFL missed the point of the ban getting lifted.) and they want the new Federal (State if needed) regulations to include 1% of all wagers to go to them. WOW! From listening to ... what ever Mike and Mike has become ... the NBA is also seeking to get paid from sports betting.
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WOW. This was so far off my rader, I'm shocked; but now hearing the following, i feel naive for not thinking about it.
NFL and NBA want their cut of the gambling pie. Nevada Gambling commision has never paid any of the leagues for sports betting, but now that tha federal bad has been lifted the NFL wants a federal regulation implmented. (WTF?!? I really think the NFL missed the point of the ban getting lifted.) and they want the new Federal (State if needed) regulations to include 1% of all wagers to go to them. WOW! From listening to ... what vere Mike and Mike has become ... the NBA is also seeking to get paid from sports betting.
I think the NFL has only asked for federal regulation. The NBA has asked for a 1% "integrity fee" to be paid to them. Apparently the Vegas margins on sports betting is 4-5%, so you are basically taxing 20-25% of their income.
Not to mention the fact that since people don't have to go there to do it, their overall numbers have to shrink. I wonder how nervously Nevada lawmakers were watching this one.
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Tom Osborne On sports gambling:
"The overall quality of life (in Nebraska) is really about as good as any place in the country right now. There's speculation it would bring in maybe $100 million in sports gambling, and a 7 percent tax on that would be $7 million. But in the greater scheme of things, $7 million isn't a huge amount, and what's going to happen is you will see an increase in dysfunction, more problem gambling, and as the governor said, the social cost will outweigh the financial benefits.
"It gets to the point where people aren't there to watch a great football game. They're there to win a bet. My experience over the years I was a coach, most of the really negative, nasty stuff that I ran into usually was involved with a fan who'd lost a bet. And I had fans who'd come up and say 'You lost me $1,000' and it was because I put the second team in. ... It will definitely make life harder for the players and coaches."
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All these leagues want a taste of the gig. The States want to get their beaks wet as well. I think T.O. makes a lot of cogent points regarding some of consequences of this, most of which I'm sure will be ignored. States are desperate for dough and this is a captive audience to tap.
I just want to type this out loud because I'm tired of seeing it by lazy know nothings in the press who don't understand how federalism works. The Supreme Court did not legalize sports gambling in the states. Barring further legislative action from Congress, the states will decide whether or not sports gaming can legally occur within its borders.
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Tom Osborne On sports gambling:
"The overall quality of life (in Nebraska) is really about as good as any place in the country right now. There's speculation it would bring in maybe $100 million in sports gambling, and a 7 percent tax on that would be $7 million. But in the greater scheme of things, $7 million isn't a huge amount, and what's going to happen is you will see an increase in dysfunction, more problem gambling, and as the governor said, the social cost will outweigh the financial benefits.
"It gets to the point where people aren't there to watch a great football game. They're there to win a bet. My experience over the years I was a coach, most of the really negative, nasty stuff that I ran into usually was involved with a fan who'd lost a bet. And I had fans who'd come up and say 'You lost me $1,000' and it was because I put the second team in. ... It will definitely make life harder for the players and coaches."
That's the part I hate about college betting, those big lines, where the cover typically depends more on how the favorite actually plays out the end of the game than anything. I'd love to see anything over like 21 points be off the board. That would help with that.
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MarqHusker is correct. The Federal Ban has been lifted, stating it infringed upon State rights to regulate Gambling. The Ban had exemptions on it, the biggest being Nevada wasn't affected by the ban (and 3 other states had limited access.)
The Columbus Dispatch article I listed above says 16 states to try and pass bills this November, with up to 30 having something on the books the year after.
I really hope Ohio can use this round of legislation to modify the Ohio Constitution Law, that allowed a (duo) monopoly on gambling. 2 companies own all the Casinos in Ohio, with a block to prevent anyone else from owing casino in the state. A man in Cleveland is challenging the law but the Casinos are likely to get it thrown out of court by claiming he doesn't have the means to run a Casino on his own and therefore can't challenge the law.
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Tom Osborne On sports gambling:
"The overall quality of life (in Nebraska) is really about as good as any place in the country right now. There's speculation it would bring in maybe $100 million in sports gambling, and a 7 percent tax on that would be $7 million. But in the greater scheme of things, $7 million isn't a huge amount, and what's going to happen is you will see an increase in dysfunction, more problem gambling, and as the governor said, the social cost will outweigh the financial benefits.
"It gets to the point where people aren't there to watch a great football game. They're there to win a bet. My experience over the years I was a coach, most of the really negative, nasty stuff that I ran into usually was involved with a fan who'd lost a bet. And I had fans who'd come up and say 'You lost me $1,000' and it was because I put the second team in. ... It will definitely make life harder for the players and coaches."
this is what I've experienced with legal gambling
I'm not for the government telling me what I can and can't handle, but some families will suffer
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https://news-cdn.wagertalk.com/wp-content/uploads/2018/05/2018-College-Footbal-Games-of-the-Year.pdf (https://news-cdn.wagertalk.com/wp-content/uploads/2018/05/2018-College-Footbal-Games-of-the-Year.pdf)
Nebraska is the underdog in three games that appear on an oddsmaker’s list of games of the year.