Very interesting article. Key points:
1. Apparently the 2006 online ban is in place because people become addicted to gambling and lose money. Note that happens today and every state sponsors lotteries.
2. 90%+ of Internet traffic to offshore sports books comes from America. Note that America's national political class are too stupid to capitalize on this by allowing Nevada books to offer action from their own Web sites. I guess because gambling is addicting
3. I still maintain fantasy sports will be banned before any action is taken by the federal government to ease gaming restrictions.
This guy is a special sort of a-hole:
Representative Jim Leach, the Iowa Republican who sponsored the bill, said he objected to the fantasy sports exemption, but compromised to secure some restrictions on Internet betting, which he regarded as a clear and present danger. “You can get over your head quite quickly in a very dangerous kind of way,” Mr. Leach said.
Other good tidbits:
The Times opened its account with Bovada using a post office box. Bovada followed up with an email advising that deposits “will often show up on your credit card statement as billed by a foreign company with a name other than Bovada.” It cautioned: “In the event your bank contacts you to verify these transactions, we wanted to send you a quick note to remind you of the billing descriptions.”
During one recent 12-month period, Bovada received 190 million visits from computers, with 97 percent coming from the United States, according to an analysis of Internet traffic.
Finally:
Young men, he said, tend to believe that by playing and watching sports they can better predict the outcome. “I dealt with a sports announcer who lost $100,000 on one Sunday playing football,” he said. “He came to me, and he said, ‘If a monkey was throwing darts at a board, the monkey would have done better than I did. How could I lose 12 out of 13 games when I know all the statistics?’ ”
LMFAO
PBS is doing a Frontline documentary on this in the winter.
Read the whole thing.
1. Apparently the 2006 online ban is in place because people become addicted to gambling and lose money. Note that happens today and every state sponsors lotteries.
2. 90%+ of Internet traffic to offshore sports books comes from America. Note that America's national political class are too stupid to capitalize on this by allowing Nevada books to offer action from their own Web sites. I guess because gambling is addicting
3. I still maintain fantasy sports will be banned before any action is taken by the federal government to ease gaming restrictions.
This guy is a special sort of a-hole:
Representative Jim Leach, the Iowa Republican who sponsored the bill, said he objected to the fantasy sports exemption, but compromised to secure some restrictions on Internet betting, which he regarded as a clear and present danger. “You can get over your head quite quickly in a very dangerous kind of way,” Mr. Leach said.
Other good tidbits:
The Times opened its account with Bovada using a post office box. Bovada followed up with an email advising that deposits “will often show up on your credit card statement as billed by a foreign company with a name other than Bovada.” It cautioned: “In the event your bank contacts you to verify these transactions, we wanted to send you a quick note to remind you of the billing descriptions.”
During one recent 12-month period, Bovada received 190 million visits from computers, with 97 percent coming from the United States, according to an analysis of Internet traffic.
Finally:
Young men, he said, tend to believe that by playing and watching sports they can better predict the outcome. “I dealt with a sports announcer who lost $100,000 on one Sunday playing football,” he said. “He came to me, and he said, ‘If a monkey was throwing darts at a board, the monkey would have done better than I did. How could I lose 12 out of 13 games when I know all the statistics?’ ”
LMFAO
PBS is doing a Frontline documentary on this in the winter.
Read the whole thing.
