MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 LOL. What? MGM is not a rec book. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted October 31, 2018 Report Share Posted October 31, 2018 LOL. What? MGM is not a rec book.I did not say they were a rec book. I said you could not expect an MGM or similar book to necessarily offer the same type of bets in New Jersey as they do in Las Vegas from the start. That does not mean they will not ever offer them. If MGM is going to offer professional level betting then you will have professional level betting in NJ. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 Why not? What aren't they offering in New Jersey that they don't offer in Las Vegas? Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted October 31, 2018 Report Share Posted October 31, 2018 Why not? What aren't they offering in New Jersey that they don't offer in Las Vegas?I don't know, you tell me. If they are offering the same bets, what are you so worried about with the New Jersey gambling market? Isn't that about all you can ask for? Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 Same bets. Some different numbers. What's the excuse for the lack of volume? Quote Link to comment Share on other sites More sharing options...
RudyRuder Posted October 31, 2018 Report Share Posted October 31, 2018 2 idiots arguing It is like 2 midgets arguing about a roller coaster when neither meet the height minimum I love it Quote Link to comment Share on other sites More sharing options...
rito Posted October 31, 2018 Report Share Posted October 31, 2018 My basic argument has been that New Jersey and New York offering gambling will interest people with very large amounts of money to gamble in the US professionally creating the environment for a book to welcome sharp betting. It is possible that taxation in the US will be such that is always remains a rec betting market. And my point is that anyone that was interested in this is already doing it. Taxation is always the squares excuse for can't being a pro. Damn you got to pay taxes. Quote Link to comment Share on other sites More sharing options...
rito Posted October 31, 2018 Report Share Posted October 31, 2018 In any case, US casinos will first achieve profitable numbers through offering rec betting exclusively and then move into a larger market. This will not be done by the likes of Will Hill but likely an upstart looking to make its place. However, it happens, it will first make its bones as a rec book. At no point will a book start out taking sharp action as its primary objective. What larger market? How many guys do you think there are that can beat WA lines? It's not a lot. There's no benefit for any US book to book professionals as long as offshores control the lines/market. If that part were to change, then maybe. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted October 31, 2018 Report Share Posted October 31, 2018 Same bets. Some different numbers. What's the excuse for the lack of volume?I don't think it should be that surprising. Gambling is new to the state and there are other options. I don't think anyone expected NJ to be reaching Nevada level of betting in the first month of the football season. I'd say this is looking pretty good. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 2 idiots arguing It is like 2 midgets arguing about a roller coaster when neither meet the height minimum I live it In between betting pizza points. GTFO, moron. You're out of your league. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted October 31, 2018 Report Share Posted October 31, 2018 2 idiots arguing It is like 2 midgets arguing about a roller coaster when neither meet the height minimum I love itRooRoo, you need to stick to Republican retard threads. You do not fit in here. Quote Link to comment Share on other sites More sharing options...
rito Posted October 31, 2018 Report Share Posted October 31, 2018 Yes. You can't expect that even a book like MGM is going to necessarily offer anything other than a rec book to start. They are going to get their foot in the door and get established and make their money and then gradually expand what they are willing to do. MGM in vegas has the highest limits for sharps in the world on football Quote Link to comment Share on other sites More sharing options...
rito Posted October 31, 2018 Report Share Posted October 31, 2018 Why not? What aren't they offering in New Jersey that they don't offer in Las Vegas? MGM is using Ladbrokes for their non-nevada betting. I don't know how that's going to work, but if ladbrokes is running it it will be a 100% opposite how the book in LV. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 I don't think it should be that surprising. Gambling is new to the state and there are other options. I don't think anyone expected NJ to be reaching Nevada level of betting in the first month of the football season. I'd say this is looking pretty good. It's infinitely easier to fund a book in New Jersey already. There shouldn't be any hold back. Quote Link to comment Share on other sites More sharing options...
RudyRuder Posted October 31, 2018 Report Share Posted October 31, 2018 In between betting pizza points. GTFO, moron. You're out of your league.Weird you don't spam my picks threads anymore Ive buried you enough clown Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 MGM is using Ladbrokes for their non-nevada betting. I don't know how that's going to work, but if ladbrokes is running it it will be a 100% opposite how the book in LV. Since when? Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 Weird you don't spam my picks threads anymore Ive buried you enough clown No. I just don't give a fuck about you until you start mucking up an on-topic thread with your delusional bullshit. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 31, 2018 Report Share Posted October 31, 2018 It's infinitely easier to fund a book in New Jersey already. There shouldn't be any hold back. the nevada tax on online/mobile betting is 6.75% while the new jersey tax on online/mobile betting is 13%, so that's a bit of a drag on potential profitability of an operation Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 MGM is using Ladbrokes for their non-nevada betting. I don't know how that's going to work, but if ladbrokes is running it it will be a 100% opposite how the book in LV. Oh. Do you mean the GVC deal? I think that's just a software deal but I could be wrong... I believe MGM is still the operating partner in that deal. I'll find out tomorrow or Friday for sure. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted October 31, 2018 Report Share Posted October 31, 2018 What larger market? How many guys do you think there are that can beat WA lines? It's not a lot. There's no benefit for any US book to book professionals as long as offshores control the lines/market. If that part were to change, then maybe.The potential is that MGM or another book can set up shop in every state and book all the action. If you go into every state at low cost online then offshore is challenged and you successfully bring offshore money to the US gambling market. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 the nevada tax on online/mobile betting is 6.75% while the new jersey tax on online/mobile betting is 13%, so that's a bit of a drag on potential profitability of an operation If it's not passed onto the consumer in the form of vig, what difference does it make what the casino pays in taxes? Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted October 31, 2018 Report Share Posted October 31, 2018 the nevada tax on online/mobile betting is 6.75% while the new jersey tax on online/mobile betting is 13%, so that's a bit of a drag on potential profitability of an operationYes, I expect that tax is going to be coming down. I think they have just not complained yet to get things started without any problems. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 31, 2018 Report Share Posted October 31, 2018 If it's not passed onto the consumer in the form of vig, what difference does it make what the casino pays in taxes? it matters because it provides less competition pennsylvania has a 36% tax rate on sports bets... mgm or anyone else would have a harder time justifying the cost of operations with that big of a bite right off the top Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 The barrier of entry isn't the taxes. It's the licensing, fees, and bond. There are nearly as many independent sportsbook enterprises in New Jersey as there are in Las Vegas already and if nobody needs to go to a casino to fund their account, it's MUCH easier to create an account and wager compared to Nevada. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 31, 2018 Report Share Posted October 31, 2018 Yes, I expect that tax is going to be coming down. I think they have just not complained yet to get things started without any problems. taxes almost NEVER come down, they only go up feds could get their hands on some of the revenue, sports leagues could get their hands on it, etc etc Quote Link to comment Share on other sites More sharing options...
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