The US regulating of sports gambling would make so much difference, yes?

[TheGeneral+]

What are some pros and cons of regulation? And should the bookies with a past be pardoned if they have a good reputation? There has got to be so much to the regulation process. The changes I wonder about and the transistion.

Bookmakers, I know you don't want to see it, but do you think about dealing with it? Maybe new names same operations?

It will maybe be a sight to see and go through. How would marketing change? Would we see betpanam.com on billboards? WWTS on a bar napkin?

The #1 positive is that player safety is addressed with legal recourse.

Any thoughts?

 

[TTinCO]

There's nothing to regulate once you cut off all the cash transfer mechanisms.

 

[TheGeneral+]

Obviously, throw out the possible banning LOL

Assuming it were being regulated, instead of banned as will happen when lawmakers fail.

 

[Chadster]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by TTinCO:
There's nothing to regulate once you cut off all the cash transfer mechanisms.<HR></BLOCKQUOTE>

You think so???

wow

what an insight...

you think thats why kyle went after funding of offshore accounts instead of outlawing online gambling?

 

[TheGeneral+]

Any other opinions on regulation?

Thanks

 

[bosox1086]

Biggest con is competition would decrease. Less bonuses, higher odds, the books couldn't give as much away as they'd have to pay the gov't some $$. That would be passed down to us degenerates. Biggest pro is safety. Depositing and receiving money would be much easier and safer. Safeguards to prevent kids from entering sites would be easy to put in place. Gov't picks up some extra spending money to lob some more missles at the desert. With most states having serious budget issues, many are looking into various forms of gambling to generate some income... slots mostly although in DE, near me, they've talked about legalized sports betting. If the states seem to be leaning towards this, not sure why the fed gov't is going so far the other way. Votes I guess. Bottom line is regulation would make it tougher for kids to gamble (which seems like the biggest issue to the feds), put some more $$ in Bush's pocket, and make it safer for us. Simple.

 

[WildBill]

I think mostly cons. I am almost certain what betting they would offer would be along the lines of the lottery offering parlay cards. Once the lottery gets into the business and the state has revenues to protect, then the laws to outlaw vigorously other forms of gambling will come in. I know I stand mostly alone, but I think regulation would be one of the worst outcomes of all because it changes the dynamics and sets us serious bettors up to be screwed. The average Joe doesn't care about post up bonuses, shopping for numbers, 1.07 vig. No, he just cares about betting a 5-teamer and damn the odds they give him.

People have an unrealistic view of this IMO. Casinos won't want to get involved, there is no money in sports betting for them unless it drives traffic to their casino. Standalone books could never make it because the taxes will be high, look at all these states charging sky high taxes on slots. They don't differentiate between forms of gaming the state just wants its big fat cut. Only players that would gladly take the business are tracks that don't have slots. Thing is those guys aren't risking a thing, they would want the same pari-mutuel system with a 15% takeout. No one can beat the games with that. The more I think about this situation, the more certain I feel that regulation would flat out hurt the game as we know it because the squares would take whatever they were offered because of "safety" and no squares means no viable business for bookmakers.

 

[WEEKENDALKI]

WILD BILL, YOU ARE 1000% RIGHT. THE BOTTOM LINE HERE IS THAT THE CASINOS WOULD NOT BE INTERSTED IN THIS AS ILLUSTRATED BY THEY FACT THAT THEY HAVE ALREADY DRIVEN OUT ALL SHARP ACTION AT THE VEGAS HOTELS. RUNNERS ARE NOT ALLOWED THERE BECAUSE THEY WANT NO SHARP ACTION FROM ANY OF THE SYNDICATES LIKE TIGERS GROUP, WALTERS, ETC. IF THEY GOT INVOLVED IT WOULD BE A HUGE DETRIMENT TO ALL GAMBLERS WORLD WIDE. LET'S PRAY IT DOESN'T HAPPEN.