10 Tips for Betting on Football | Chris Maloney

Written by  on December 15, 2015
Max Lyons

Max Lyons

Before you fall for the next sports gambling resource that you find, check out the following reviews of the very best sports bettor systems by visiting Arbitrage Betting http://dienlanhsg.com.
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Research Football Services – “Most sports services realize that most people who sign up with them are insecure,” Gordon warns. Consider Underdogs – “In the long-run, it’s easier to win betting on the underdog,” Konik says. “If you become an expert on a smaller conference like the WAC, you have a good chance to beat the house because sports book operators do not have the time or resources to follow this conference the way you can. The only touts bettors should consider are the ones who talk about the long haul and realistic winning percentages, which are in the upper 50 percent to lower 60 percent range.”

1. Avoid Chasing Bets – “Don’t do it! There is no worse way to mismanage your bankroll than to chase your bets after a losing day,” cautions Moseman on the dangerous practice of trying to immediately win back your losses. “Thus, the bookies love and cherish the squares.”

7. “Teams play inspired ball at home. Locks Don’t Exist – “Anyone who has watched sports for about a month realizes that the difference between winning and losing, especially against the spread, can be infinitesimally small,” Gordon says. Drinking and Gambling Don’t Mix – “There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling,” Moseman says. “The key to proper money management is to be sure not to bet more than you can afford to lose.”

But that doesn’t mean you have to bet like a “square” and throw away your hard-earned money.

Another difference between squares and sharps is how they approach betting on game day.

***

“The talking heads on TV know nothing about sports betting,” says Sevransky.

Ted Sevransky, a well-known Las Vegas gambler and sports consultant with Sportsmemo.com, agrees.

6. “As for me, the best bet in football is betting the point spread or over/under totals on individual games.

“The biggest mistake that amateur bettors make is they increase their bets when they are losing,” Sevransky says.

Newspapers and popular sports sites routinely publish the lines or point spreads for games, and football insiders offer their picks to viewers each week on ESPN and other cable networks. “In the NFL, a game will often be totally turned around by one or two plays, or even a single penalty. Oakland comes to mind) seem like the Super Bowl. “Most people prefer to bet on the ‘better’ team, the one that will probably win the game. Shop For Numbers – “Another important aspect of betting on football is shopping for the best number,” Moseman explains. Not all games work according to this formula, but it is usually a good rule of thumb.”

However, Konik adds that there are some bettors who actually know how to beat the bookies. So underdogs tend to be slightly undervalued – except by the sharps.”

“The standard bet requires gamblers to lay $11 for every $10 they want to win with the extra $1 or 10 percent known as the juice,” Konik says.

9. There are almost an infinite number of scenarios that can happen in a single football game. Slim underdogs regularly win outright. He is not taken in by being involved in USC-Notre Dame just because it is the biggest watched game of the day. And why not? We have unconditional love for the sport and betting $50 or $100 on a game adds an extra rush of adrenaline. “In trying to bamboozle potential customers, many services make claims about having scouts all over the country that give them inside information and promise 70 or even 80 percent winners, as if the bookmakers were the biggest suckers in the world. “Over the course of several seasons, the percentage of bettors who turn a profit is minuscule.”

Michael Konik, a sports writer and best-selling author of The Smart Money (Simon & Schuster 2006), explains why it is so hard for the recreational gambler to win at betting on football. Thanks to the juice, the only one who profits in this scenario is the bookmaker. Avoid Exotic Bets – “For very skilled handicappers, with a proven track record, there can, at least in theory, be value in betting parlays,” says Gordon on the type of bet that combines two or more individual wagers. Bet at the Right Time – “The sharp bettors tend to bet underdogs, and they tend to bet them early,” Moseman says.

Although exact figures are impossible to calculate, according to Jimmy Vaccaro, widely considered to be Las Vegas’ most influential bookmaker, Americans probably wager more than $50 billion a year on NFL and college football combined. “For example, if you have a $1,000 bankroll for the season, you should generally bet no more than $50 a game.”

2.

3.

“In an average season, fewer than one bettor in twelve turns a profit,” Gordon says.

So, how much should you bet a game?

“A sharp or smart has a plan of what he wants to do,” says Vaccaro, the director of sports operations and public relations at Lucky’s Race and Sports Book in Las Vegas. To be a successful sports bettor you need to operate with a clear mind.”

“A square is the average, unsophisticated gambler whose decision making is based on hunches, media manipulation, or spurious systems that cannot overcome the bookmaker’s inherent mathematical advantage,” Konik explains. “He is not jaded by teams and does not bet with his heart. If you are going to go with a favorite, it is best to place your bet early in the week when the sharps are laying heavy money on the points. Chasing losses is the fastest way to the poor house.”

And remember, in the immortal words of “Fast” Eddie Felson, “Money won is twice as sweet as money earned.” . “When you’re in a good rhythm and winning, you want to increase your bets. They use powerful computers that can process millions of bits of data and produce a more accurate point-spread line than the bookmakers.”

“There is probably no better bet in sports than playing an underdog at home,” Moseman says. “Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn’t otherwise make. But, when you’re struggling, that’s when you want to reduce your bet size until you get out of your slump. He loses year after year, according to Dan Gordon, a top football handicapper and author of How to Beat the Sports Books (Cardoza Publishing 2005).

Also, it’s probably a good idea to disregard advice from the myriad of ex-players and football experts you see on television each week. “The sharps are usually members of a betting syndicate privy to the most up-to-date information on injuries, weather, game plans, and, most important, the real power of the teams involved. There is a wealth of information on the Internet; it is just up to you to find it and research it daily.”

Certainly not back into the pockets of the average bettor. The payout is just the same as far as he is concerned. Giving 11 to 10 odds is almost always the cheapest price you can give.”

And where does all that money go?

4. “Squares usually bet later in the week and they tend to pick the favorites. Focus on Conferences – “The best way to win money betting football is to develop a niche and follow it closely,” Moseman advises. “There will be more discrepancy in the numbers at different sports books. Otherwise, you’re better off doing your own research.”

Even Hollywood is not immune – think Two for the Money with Al Pacino and Matthew McConaughey.

Moseman agrees and especially likes home underdogs.

10. Also, being “in action” can make a dull late-afternoon game (Buffalo vs.

8.

“A square or recreational player might have a vague plan, but after two Corona’s he will definitely run to the window and make a hasty decision on the USC-Notre Dame game because he wants to be involved in the party atmosphere,” Vaccaro says. The only locks that exist are those that need keys to open them.”

5. In fact, sports bettors must pick 52.4 percent winners just to break even.”

While these tips don’t guarantee you’re going to win, hopefully they can make you a little less square and a little more sharp in your picks this season. Big underdogs often find ways to cover the spread and they rarely give up toward the end of a game in front of the home crowd.”

Betting on football games; whether it’s through a local bookie, an offshore Internet site or a Nevada casino (still the only legal place in America to make football bets), most of us have done it or know of someone who has. “If you listen to their advice, you are sure to lose.

“Most people with an understanding of football gambling bet between 3 percent and 5 percent of their bankroll, increasing when they win and reducing when they lose,” Vaccaro says. If North Texas is his best bet on a Saturday then that is his bet. “Common wisdom says that over the course of a long football season the average man or woman will pick approximately 50 percent winners. These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.”

So, is it possible for the average square to become a little sharper in making football bets this season? According to professionals like Vacarro, Konik and Gordon, amateur bettors have the best chance to win if they demonstrate a little patience and follow the 10 basic tips below. “The bookies fear and despise a tiny coterie of professional bettors known as ‘the sharps,’” Konik says. If you like an underdog, it is best to get your bet in as late as possible, where there is heavy action from squares on favorites.

So, how much are we gambling each football season?

But even though the math says it’s virtually impossible to win on a consistent basis, Americans continue to bet on football. On college you will be able to find different lines at different sports books. Money Management – “This is without a doubt the most important aspect of betting on sports and possibly the most neglected,” says Morey “Doc” Moseman, a professional gambler and sports consultant with DocSports.com for nearly 40 years. If you want advice about sports betting, find someone who has a successful track record. The NFL, for example, will have very similar numbers at most of the betting shops you visit

Sports gambling sites Draftkings & Fanduel ordered to stop taking bets

Written by  on December 14, 2015
Max Lyons

Max Lyons

Before you fall for the next sports gambling resource that you find, check out the following reviews of the very best sports bettor systems by visiting Arbitrage Betting http://dienlanhsg.com.
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Americans love gambling and sports. These winners constitute roughly 1% of all players on the two sites.

This is the latest blow to fantasy sports legal standing. Draftkings estimates they have over 500,000 participants in New York alone. States like Kansas, Maryland, Massachusetts and New Jersey have already taken a pro stance on fantasy sports. At the end of it all it will be whoever can sway the masses that will be victorious.

. It only makes sense to combine the two. Last month Nevada regulators ruled that online fantasy sports are considered gambling, requiring these sites to cease operations until gambling licenses are acquired. This would be great if, as their ads imply, the prizes are fairly distributed, however this insider trading scandal brought their legal status into question. It is already a multibillion-dollar industry and will undoubtedly throw its weight around when pushed. This business was launched on the basis that fantasy football is a skilled form of gameplay, not one based on chance or luck.

The gaming sites proved that their winners were based on one’s knowledge of the sport by awarding a large sum of their prizes to employees who used inside information to gain an unfair edge on the general public. They have sent emails to these customers asking them to defend their right to play fantasy sports.

NFL is a big deal in this country and has millions of loyal followers who also happen to love betting on the game. He goes on to say that these sports fantasy sites are marketed as a game that anyone can win but in fact distributes the vast majority of winnings to a small subset of experienced, highly sophisticated players. If Draftkings and Fanduel are able to leverage these fans against their state legislators they might come out on top. Any NFL fan will no doubt have seen the endless advertising by Draftkings and Fanduel, who were able to form a lucrative partnership with the NFL. In the meantime they will continue to operate in the state of New York.

These online fantasy sports businesses, while relatively new, have substantial backing both by sponsors and fans alike. These were no small prizes either as the amounts range from hundreds of thousands to millions of dollars, with the sites pledging to award over 3 billion in prizes alone this year. Draftkings and Fanduel have openly strongly disagreed with Schneiderman and will pursue all legal options available to them. The New York Times reported that yesterday the New York State attorney general Eric T Schneiderman, ordered a cease and desist on the two online gambling giants demanding that they immediately stop taking bets from New Yorkers, under the premise that their operations constituted illegal gambling in the state of New York.

In his press release Schneiderman accused Draftkings and Fanduel of being leaders of a massive, multibillion-dollar scheme intended to evade law and fleece sports fans across the country

Here’s The Difference Between Daily Fantasy Sports and Illegal Sports Betting

Written by  on December 14, 2015
Max Lyons

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Max Lyons

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New York Giants wide receiver Odell Beckham scores on a touchdown pass from quarterback Eli Manning against the Philadelphia Eagles during the first half of an NFL football game Monday, Oct. 27, 2015, in St. (AP Photo/Billy Hurst). (Photo by Barry Chin/The Boston Globe via Getty Images)

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CHARLOTTE, NC – SEPTEMBER 20: Cam Newton #1 of the Carolina Panthers dives for a touchdown against the Houston Texans during their game at Bank of America Stadium on September 20, 2015 in Charlotte, North Carolina. image

Jacksonville Jaguars wide receiver Allen Robinson (15) dives but can’t make the catch as he is defended by Houston Texans defensive back Andre Hal (29) during the second half of an NFL football game in Jacksonville, Fla., Sunday, Oct. Shea/Getty Images)

ORCHARD PARK, NY – SEPTEMBER 20: Buffalo Bills fans in the stands with “Deflategate” signs as the Patriots came onto the field. (Photo by Thomas B. (Photo by Streeter Lecka/Getty Images)

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CLEVELAND, OH – SEPTEMBER 20: Quarterback Johnny Manziel #2 of the Cleveland Browns scrambles from cornerback Coty Sensabaugh #24 of the Tennessee Titans during the second half at FirstEnergy Stadium on September 20, 2015 in Cleveland, Ohio. (Photo by Jim Rogash/Getty Images)

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HOUSTON, TX – SEPTEMBER 13: J.J. Trump Tom Brady for V.P.’ before the game between the New England Patriots and the Pittsburgh Steelers at Gillette Stadium on September 10, 2015 in Foxboro, Massachusetts. 1, 2015, at Sports Authority Field at Mile High in Denver. Louis. (Photo by Maddie Meyer/Getty Images)

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Carolina Panthers’ Cam Newton (1) is introduced before an NFL football game against the Indianapolis Colts in Charlotte, N.C., Monday, Nov. Klein #56 of the Carolina Panthers in the third quarter during their game at Bank of America Stadium on September 20, 2015 in Charlotte, North Carolina. (AP Photo/Billy Hurst)

Denver Broncos cornerback Aqib Talib (21) and Detroit Lions wide receiver Calvin Johnson (81) vie for a pass, which fell incomplete during the first half of an NFL football game in Detroit on Sept. Louis Rams cornerback Janoris Jenkins after catching a pass for a gain during the first quarter of an NFL football game Sunday, Sept. Watt #99 of the Houston Texans is introduced before playing against the Kansas City Chiefs in a NFL game on September 13, 2015 at NRG Stadium in Houston, Texas. 27, 2015, in Detroit. Louis. Shea via Getty Images

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CHESTNUT HILL, MA – SEPTEMBER 18: A Boston College Eagles fan holds a sign protesting NFL Comissioner Roger Goodell during the game between the Boston College Eagles and the Florida State Seminoles at Alumni Stadium on September 18, 2015 in Chestnut Hill, Massachusetts. 20, 2015. 20, 2015. 27, 2015 file photo, Denver Broncos cornerback Aqib Talib (21) and Detroit Lions wide receiver Calvin Johnson (81) vie for a pass, which fell incomplete during the first half of an NFL football game in Detroit. (AP Photo/Rick Osentoski)

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Detroit Lions wide receiver Calvin Johnson runs out during player introductions for the Lions’ NFL football game against the Denver Broncos, Sunday, Sept. 19, 2015, in Philadelphia. The Lions are winless after three games and there is not much hope in sight with games at Seattle and against Arizona coming up. (AP Photo/Matt Rourke)

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Congress should act on ‘scandalous’ fantasy betting: Reid | Reuters

Written by  on December 13, 2015
Max Lyons

Max Lyons

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The House of Representatives could hold hearings this fall, said Pallone, the top Democrat on the Energy and Commerce Committee.

(Reporting by Andy Sullivan and Diane Bartz, writing by Andy Sullivan; editing by Alan Crosby)

Online gambling foes who are pushing for a nationwide ban on casino-style Internet gambling are not yet targeting fantasy sports services. According to a trade group, the employee inadvertently released player data – a practice that experts liken to insider-trading. But they may raise the DraftKings incident as another example of perils of online betting as they make their case, according to a former congressional aide now working to ban online gambling.

The two privately held companies say they temporarily banned employees from playing daily fantasy sports.

Critics say daily fantasy sports services allow fans to bet with a frequency akin to gambling and led to the rise of the two industry leaders.

So far, fantasy sports services have escaped the restrictions that have outlawed sports betting in most states.

“There’s absolutely scandalous conduct taking place through those programs, fantasy sports,” Senate Democratic Leader Harry Reid told reporters. The Republican-controlled committee is looking into the issue, a spokesman said.

The issue could draw the attention of conservatives like House Judiciary Committee Chairman Bob Goodlatte, who has pushed to outlaw other forms of online gambling. The group declined to comment. . Senate called on Congress to examine fantasy-sports betting services on Tuesday after reports that an employee with access to insider information placed bets in the unregulated multi-billion-dollar industry.

“I think it also should be a warning-shot to everybody that online gaming is a real scary thing and we ought to look at all of it,” said Reid, who is a former Gaming Commission head in Nevada, a hub of the industry.

Meanwhile, Representative Frank Pallone and Senator Bob Menendez, both New Jersey Democrats, asked the Federal Trade Commission to look into the fantasy scandal.

Both companies confirmed on Monday that a DraftKings employee won $350,000 from a $25 entry fee in an American football contest.

Reid’s statement raises the prospect of congressional scrutiny and possibly new regulations for websites such as DraftKings and FanDuel that have drawn millions of users who pay a fee to compete for daily prizes by assembling teams that accumulate points based on how the players did in actual games.

The Fantasy Sports Trade Association has spent $80,000 over the past year to defend its interests in Washington, lobbying records show.

WASHINGTON The top Democrat in the U.S

Online Sports Betting V/S Offline Sports Betting by Fransis Rodrigues

Written by  on December 13, 2015
Max Lyons

Max Lyons

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Always read the terms and conditions of different sports book before betting on a particular sports activity.

Online sports betting also gives you an option to bet on different sports book.

Online sports’ betting is an organized form of gambling. Signup with multiple online sports book websites

Initially people had to move to land based places just to wager on the outcome of a particular sports activity. You can learn but you must also resist the temptation of becoming a compulsive gambler. It is unlike offline sports betting where you do not have multiple sports book options. Online sports betting has seen a steady rise as more and more people are finding it convenient to bet from their homes any time of the day.

Satisfy yourself about the processes followed by the bookmaker. However today with the development of the Internet sports betting is become far more convenient and easy as you can wager on any sports activity right from your own house 24/7. Many people are considering wagering on their favorite sports game not just to make money but also to add excitement to the game.

Do not get addicted to online sports betting. You need to know your limits and avoid unnecessary losses.

Here are some useful tips that can make your sports betting venture more convenient and simple:

Online sports betting can be enjoyable provided you play your odds right. . Online sports’ betting is an adaptation that makes wagering on different sports game more convenient and profitable. Do not fall prey to unscrupulous or fraudulent operators.

Starting with online sports betting

There is an interesting aspect to most sporting events, besides being convenient and inexpensive form of entertainment. It is more convenient and inexpensive as compared to land-based sports betting. The demand for different sports has resulted in increase in demand for Sports betting line all over the world

Uber doesn’t want drivers to sue again, so it pushes them to arbitration

Written by  on December 12, 2015
Max Lyons

Max Lyons

Before you fall for the next sports gambling resource that you find, check out the following reviews of the very best sports bettor systems by visiting Arbitrage Betting http://dienlanhsg.com.
Max Lyons

Judge Chen then approved them, though Liss-Riordan told the newspaper that she had not been made aware of such approval.

As a result, the lawyer representing California-based Uber drivers in an ongoing class action lawsuit has asked a federal judge in San Francisco to immediately put a stop to the new agreement.

Just e-mail optout@uber.com

The document does allow drivers to opt-out of mandatory arbitration within 30 days of agreeing to it, but it does so in a rather oblique fashion.

PLEASE NOTE THAT TO USE THE UBER SERVICES, YOU MUST AGREE TO THE TERMS AND CONDITIONS SET FORTH BELOW. Drivers were required to agree to the terms on their phones and could not accept any more fares until they did so.

“We believe strongly that our agreements are valid, but we are making some changes and clarifications to remove uncertainty for drivers and for us as we work through our multiple appeals on this issue,” an unnamed Uber spokesperson told the Chronicle in a statement.. Judge Chen will hear lawyers from both sides in court on Thursday, December 17, 2015.

Uber doesnt want drivers to sue again, so it pushes them to arbitration | Ars Technica

Uber

Under Uber’s new agreement, drivers are now supposed to only file for arbitration rather than sue or join a class action lawsuit. PLEASE REVIEW THE ARBITRATION PROVISION SET FORTH BELOW CAREFULLY, AS IT WILL REQUIRE YOU TO RESOLVE DISPUTES WITH THE COMPANY ON AN INDIVIDUAL BASIS, EXCEPT AS PROVIDED IN SECTION 15.3, THROUGH FINAL AND BINDING ARBITRATION UNLESS YOU CHOOSE TO OPT OUT OF THE ARBITRATION PROVISION.

Shannon Liss-Riordan, one of the attorneys spearheading the class action suit known as O’Connor v. In effect, Uber is trying to substitute its own notice and opt-out mechanism for court-approved notice and supervision of the opt-out process, and has created substantial confusion among class members in the process.

Uber did not immediately respond to Ars’ request for comment late Friday night, but the company told the San Francisco Chronicle that it had informed United States District Judge Edward Chen of its intentions in court on Thursday. Unlike the public judicial system, arbitration is wholly private and almost always favors companies over people. Uber, wrote in her Friday filing:

For now, the startup is standing its ground.

A recent investigation into the general arbitration system by The New York Times found that private arbitration is subject to little oversight, rarely can be appealed, does not have clear evidence rules, and is subject to rampant conflict of interest that tilts towards corporations.

Further Reading

Watch out sharing economy, the feds are watching this whole contractor thing

Lawyer who has sued Homejoy tells Ars new document is “good news for workers.”

On the first page of the agreement, it states:

Further Reading

Uber now faces class action lawsuit in California over expenses, tips

“This case is going to have a major effect on not just Uber but all these businesses.”

On Friday, Uber pushed a new 21-page agreement on to all of its 400,000-plus drivers nationwide, forbidding them from filing a lawsuit in the event of a future labor dispute. Worse still, it makes class action cases nearly impossible, creating a situation where individuals en masse can rarely hold companies accountable for wrongdoing.

Drivers receiving the agreement would not realize that they are class members in this case, or that by agreeing and failing to opt out of the arbitration agreement, they may be giving up their right to participate

David Rebuck Says Online Sports Betting Challenge Would Follow If PASPA Were Struck Down

Written by  on December 12, 2015
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Max Lyons

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Third Circuit Court of Appeals soon in Philadelphia. It is possible 9 of the judges voted on behalf of a wider hearing, because the active judges (including the 2-1 panel) were part of the panel to decide whether to hear the case again. Third Circuit Court of Appeals. If we win that, heres the next case we have to win: Change the sports wagering prohibition to allow for sports wagering to be performed on the Internet.

That decision led the four major American team sports (NFL, NBA, NHL, and MLB) and the college sports association (NCAA) to sue the state of New Jersey and Monmouth Park. Chris Christie would have no choice but to appeal to the US Supreme Court, which likely would have declined to hear the case (as it had before).

Friday, November 20th, 2015

Home Poker News David Rebuck Says Online Sports Betting Challenge Would Follow If PASPA Were Struck Down David Rebuck said legal land-based sports betting naturally would lead to a discussion of licensed online sports betting. After one of the judges recused himself, an 11-member panel decided to call an en banc hearing. Nothing has been gained until a federal court agrees with New Jersey, and those who have followed the story have grown accustomed to seeing the sports leagues win these arguments. Will that transpire to a win? I dont know, but it certainly allows for a dialogue and a briefing before the entire Third Circuit, which is unusual.

New Jersey has been disappointed many times before. The Wire Act underpins the 2006 UIGEA law, which states it is illegal for cash transfer services to assist online gambling operators who engage in any banned activities under the 1961 Wire Act.

Challenge to UIGEA?

Thus, attempts to legalize online sports betting would be a direct challenge to the UIGEA law, which might be a challenge to the Wire Act. David Rebucks goals are beyond optimistic. New Jersey lost a case before a District Court judge in Trenton, then lost an appeal of that decision before the 3rd Circuit Court of Appeals.

Appealing the Monmouth Park Case

After the state lost its appeal by a 2-1 decision back in August 2015, it appeared Gov. A favorable decision would be a clear sign the state had a chance in a wider hearing. Thus, the state is likely to need somewhere between 4 and 7 judges in the remaining 12-judge panel to agree with their interpretation of the law. Before that, the state filed a motion for a rare en banc hearing by the Third Circuit Court.

En Banc Ruling Expected Soon

In his interview this week, David Rebuck referred to the en banc process. Land-based sports betting is banned by the 1961 Wire Act.

The Director of the New Jersey Division of Gaming Enforcement said in an interview this week the state would seek to legalize online sports betting, if ever it was successful in legalazing land-based sportsbooks. To receive that hearing, New Jersey needed a 12-member panel of those same judges to agree to hear the case. That is the appeal which soon will be heard.

Rebuck told Gambling Insider, To me, if youre allowed to have sports wagering in the state of New Jersey, then the next action by the state of New Jersey will be to authorise our citizens to have sports wagering offered through the internetlegally and regulated.

3rd Circuit Court of Appeals Is Key

The DGEs director said all decisions are going to pivot on an upcoming appeals case which is coming before the U.S. He said, As you probably well know, we were advised a while back that the Third Circuit will hear the case en banc. To a person whos seen the US gambling landscape shift against operators, affiliates, and players in the past 10 yeas, it is an astounding game plan.

En Banc decisions include all judges in the circuitin this case, the 24 judges who work for the U.S. In a trial case, the state decided to scrap previous laws which would regulate sportsbooks, and instead decided to look the other way as William Hill turned its sports bar at Monmouth Park into a sportsbook.. But a decision coming soon in Philadelphia could change all the logic on which the American online gambling industry has stood these past 10 years.

2015 Monthly Archive

2014 Monthly Archive

To legalize online sports gambling, an entirely different federal statute would need to be challenged. David Rebuck, the DGEs director, also said he was more optimistic than ever that the state would success in regulating sports betting in the Garden Statee.

For this particular hearing to have taken place, New Jersey had to have won the appeal by a 6-5 margin at least. That is probably the first time that we had a small victory in our efforts to date. New Jerseys appeal stems from its attempt in October 2014 to legalize a sports betting. Rebuck said, Winning sports gambling is one case. If so, the 1992 PASPA law would be negated and Monmouth Park would be able to open a legal sportsbook.

Winning Sports Gambling Is [Only] One Case

David Rebuck said any such decision would be the beginning of a wider legalization processnot the end of such efforts

Is the legalization of sports betting in the US inevitable?

Written by  on December 11, 2015
Max Lyons

Max Lyons

Before you fall for the next sports gambling resource that you find, check out the following reviews of the very best sports bettor systems by visiting Arbitrage Betting http://dienlanhsg.com.
Max Lyons

This would seem to be fair in that NFL teams have benefited considerably from government subsidies to build stadiums.

The NFL commissioner recently reaffirmed the leagues opposition to sports betting, emphasizing the damage to the integrity of the game that would follow from widespread legalized sports betting.

Unless the judiciary forces the hand of the NFL, those who say that legalized sports betting is a matter of when and not if may experience similar frustrations.

The interest in events such as the NFL Draft and NFL Combine workouts for prospective players has given the league year-around visibility. Sports betting is legal in Britain, and fans can place bets on the NFL games at nearby sportsbooks or even at the game from their mobile phones. If the court ruled that there was a way around PASPA, as New Jersey claims, many other states would follow suit. Most American sports leagues are gradually coming around to the idea that a structure for legal sports betting would appropriately bring the activity into the sunlight.

So if three of the professional sports in the US are in favor, why is sports betting still illegal?

Congress, however, refused to go along with a complete ban. By allowing such a substantial illegal market, states are leaving untapped a sizable revenue source.Legalized sports betting actually promotes integrity of sporting events because licensed sportsbooks have an interest in reporting unusual betting activity to authorities. This may be true, but not in the way many people believe. In the last decade, proponents of legalized sports betting have attacked PASPA as bad policy, primarily on three grounds:

If states could offer sports betting, they would gain considerable revenue by taxing a form of gambling that enjoys wide support in the US. For example, if there were a small tax on every sports bet made on an NFL game that went to the league, wouldnt that be a financial bonanza the league couldnt pass up?

The senator was supported in his efforts by the major sports leagues and the NCAA, whose representatives testified before Congress that sports betting should be illegal everywhere in the US.

In 1992, then-Senator Bradley spearheaded an attack on sports betting in the US. Commissioner Goodell, however, insists that he doesnt look at fantasy sports as gambling, and that the legality issue should be left to states to determine.

For example, in the 2015 season, three NFL games are being played in Wembley Stadium in London. Instead it passed the Professional and Amateur Sports Protection Act (PASPA) in 1992, which forbade state-licensed sports betting but grandfathered in four states that allowed betting at the time (Nevada, Delaware, Oregon and Montana). At that point, the major sports leagues, including the NFL, would have to seek a national system of sports betting. Simply put, the financial potential of legalized sports betting may not be large enough to cause the NFL to relent in its opposition to a change in PASPA.

Where we go from here

Federal court litigation could change the dynamics of the sports betting debate.

But does it matter that the NFL is the outlier among the professional sports leagues in this opposition? The answer to this question is undoubtedly yes.

The legal question of whether DFS should be considered sports betting is far from settled. Recently, the New York attorney general issued a cease and desist order to DraftKings and FanDuel, stating that the companies were engaged in illegal gambling operations in the state.

The wide range of estimates exists because businesses operating illegally dont disclose business records. These DFS industry leaders sponsor fantasy lounges at several NFL stadiums, and two NFL owners have equity stakes in these companies.

Keith Miller, Ellis and Nelle Levitt Distinguished Professor of Law, Drake University.

This perspective assumes, of course, that the NFLs integrity justification is a sham, and that it is really a financial matter. A sports bettor typically settles up with his bookie on a periodic basis to pay off his losses (or collect winnings) without money being required in advance.

Where the sports leagues stand

But the trendlines are clear. He is also the reason that Americans cannot place bets on sporting events unless they travel to Nevada.

Last month, the Nevada Gaming Control Board likewise declared that DFS is a form of sports betting that requires licensing. The money the NFL is focused on is the money it already makes for the owners of the teams, and the revenue streams unrelated to sports betting that will develop in the future.

By Keith Miller

Drake University

Now, judicial scrutiny of PASPA and the recent rise of daily fantasy sports (DFS) may threaten that monopoly. Even the low end of the range indicates a substantial market for sports betting.

A few years ago there was frequent talk of how widespread internet gambling in the US was inevitable. Better to have the states realize tax revenues from sports betting than to have criminal elements profit.The social costs of gambling are high

The pro-legalization arguments are far from indisputable. The sportsbooks stand to lose considerable money if they accept bets on games that have been fixed, because a successful sports book operation depends on having a rough equivalence bet on each side of an event.By legalizing, regulating and taxing sports betting, we eliminate the illegal market for sports betting, which historically has had connections to organized crime. For example, tax revenues generated from legalized sports betting might be offset by the social costs created by those with gambling disorders.

Finally, legal sports betting would not put the illegal neighborhood bookie out of business. Other voices, including some from the professional sports leagues themselves, assert it is time for Congress to reconsider its widespread ban on sports betting.

The NFL generates $10 billion a year in revenue without legalized betting. Moreover, Bradley argued, legal betting sent a message to the nations youth that sports were more about money than achievement and sportsmanship.. Using government subsidies to help fund a stadium owned by a profitable professional sports team is a dubious proposition; denying states tax revenue from legalized sports betting only magnifies the problem.

What might make the NFL change its position?

One view is that the NFL would no longer oppose sports betting if a regulatory structure were created that monetized the activity to its benefit. No claims have been made that the integrity of these games has been affected in any way.

But it is far from certain that sports betting will expand beyond Nevadas borders.

The NFL is a business behemoth with yearly revenues exceeding $10 billion; by 2027 revenues are projected to reach $25 billion. Betting on sports undermined the integrity of the games, he asserted, and damaged the publics confidence that they were free of corruption. The act also gave New Jersey one extra year to enact its own sports betting legislation, which it failed to do.

The result of PASPA was to give Nevada a monopoly on single-game sports betting, as the other three states offered only multiple game parlay contests that have limited appeal.

Is it time to repeal or change PASPA? To answer that question, we need to examine the arguments for and against and why its still mostly banned beyond Nevadas borders.

A booming business

The American appetite for sports betting is prodigious.

While Nevada sportsbooks handle some $4 billion in legal bets yearly, anywhere from $50 billion to $400 billion is bet illegally with bookies and internet-based overseas sports betting companies.

In November 2014, NBA Commissioner Adam Silver called for a federal system of legal sports betting. Polls suggest people favor legalizing sports betting by nearly 60%. Sportsbooks operate on a cash up-front basis. So far that has proven to be untrue.

Finally, legalized sports betting could provide states considerable tax revenue, which could be shared with cities. Major League Baseball and the National Hockey League have also both indicated they might be amenable to such a solution.

Bill Bradley was a Princeton graduate, All-American basketball player, NBA star, United States senator and one-time candidate for president. Nearly all NFL teams have some sort of relationship with the two largest DFS operators, DraftKings and FanDuel. Along with the NFLs prominence comes political clout that can blunt efforts to overturn PASPA.

Is the NFLs stance hypocritical?

Among the many criticisms leveled at the NFL is that its opposition to sports betting cannot be squared with its other actions.

This article was originally published on The Conversation.

Currently pending before the 3rd Circuit Court of Appeals is a challenge to PASPA by the state of New Jersey. The risk of a betting scandal that would jeopardize the profitability of the NFL juggernaut has to be considered. Its television ratings are at all-time highs.

Moreover, here at home, the NFL has developed extensive connections to the daily fantasy sports industry. The courts ruling, likely many months away, could be decisive.

While Bill Bradley made PASPA possible, it is the NFLs Roger Goodell who keeps the act viable.

Moreover, legalized sports betting does not eliminate match-fixing, as European soccer has illustrated, and the belief that professional athletes make too much money to be targets for game-fixing may be mistaken.

This arrangement hasnt always worked to the economic benefit of the community

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Written by  on December 10, 2015
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Max Lyons

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My own opinion is that a blog may be a place for frank ruminations on these types of subjects, and I discover a few of the Twitter hand-wringing disingenuously genteel You hear stuff far less thought of than this every single day on sports activities discuss radio and — for crying out loud — from well-recognized voices on Twitter itself. dark, dingy and miserable as anything.

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Written by  on December 9, 2015
Max Lyons

Max Lyons

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