rito Posted July 26, 2015 Report Share Posted July 26, 2015 I think it will help the off shores. All the proposals I've seen would strictly prohibit books that previously accepted wagers illegally offshore. IMO it will be like the Vegas apps, just nationwide. ie in Great Britian. High vig, toss winners, etc. Quote Link to comment Share on other sites More sharing options...
Stroppier Milk Posted July 26, 2015 Author Report Share Posted July 26, 2015 What if legalized betting was similar to state lotto? Cannot be purchased online. You purchase a ticket at local store. If it wins, you have to go back to store to collect. You could not carry a balance to wager with. You would not be able to place impulse wagers without going to local store. Lines would move while you are waiting in line to purchase ticket. None of that will matter to a rec bettor. You'll have the Dallas Cowboy/Green Bay/Steeler fan bet on their team no matter what the line. And it will be the NFL fan that drives rec betting. The popularity of the sport will bring a lot of cash into the system. Quote Link to comment Share on other sites More sharing options...
RealSlimShady Posted July 26, 2015 Report Share Posted July 26, 2015 Great point.The money Vegas is making from each position (slot or table) is relatively stagnant. http://gaming.unlv.edu/reports/longterm_nvgaming.pdf Only thing that keeps going up is the hold %.Bastards! Quote Link to comment Share on other sites More sharing options...
RealSlimShady Posted July 26, 2015 Report Share Posted July 26, 2015 IMO it will be like the Vegas apps, just nationwide. ie in Great Britian. High vig, toss winners, etc. Do you happen to know how it's like in Australia or any other countries where it's legal? Quote Link to comment Share on other sites More sharing options...
rito Posted July 26, 2015 Report Share Posted July 26, 2015 Do you happen to know how it's like in Australia or any other countries where it's legal? Used to be good books in Australia but they all gone. They have some really strange laws like you can't bet live, but you can at least play at pinnacle. Most places it's legal have heavy regulation and/or taxation. Look at pinny's current list of restricted countries: usa, uk, france, spain, netherlands Quote Link to comment Share on other sites More sharing options...
Bucky Posted July 26, 2015 Report Share Posted July 26, 2015 Let's poll 100 people on the plane to Vegas? How many will tell you they are going to play sports exclusively when they get there? Vegas is about immediate gratification and hit the big one! Compare the volume of $'s bet in Vegas between casino/table games and sports. Then break down the sports money between sharps and recreational. I love Vegas and sports but I don't make a bet there unless they have a better number and you can get it without a 15 minute job to do it. I don't see legalized online gaming hurting Vegas - it helps them . They will compete with the offshores for convenience. The offshores compete now because of convenence - wider offerings - better numbers - perks. I think they would still be able to compete because the money would move better without all the hassles there are now. It might help the player that wants security of funds/regulation but harm the player who wants the perks/bonuses. Quote Link to comment Share on other sites More sharing options...
Hangover Posted July 26, 2015 Report Share Posted July 26, 2015 I love Vegas and sports but I don't make a bet there unless they have a better number and you can get it without a 15 minute job to do it. Offshore will be fine till you can place a bet/collect online from anywhere in US legally. Brick and mortar will not be enough...waiting in line to place a bet or collect your winnings gets old real quick. Not to mention dealing with other customers and employees in person is probably going to be a certain kind of hell....think Walmart but with degens. Quote Link to comment Share on other sites More sharing options...
Viejo Dinosaur Posted July 26, 2015 Report Share Posted July 26, 2015 Won't hurt the bigger books that deal credit.....shops like Bookmaker will adapt and will make significant changes..... Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted July 26, 2015 Report Share Posted July 26, 2015 if it was looming players would be pulling out of online books cause they are afraid. then the books would slow and eventually close up shop. probably pay some players that they like and stiff everyone else Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted July 26, 2015 Report Share Posted July 26, 2015 Great point.The money Vegas is making from each position (slot or table) is relatively stagnant. http://gaming.unlv.edu/reports/longterm_nvgaming.pdfyeah but stagnant was a lot better than the projections i was looking at 15-20 years ago. i think we went from 2 states WITH casinos to 2 states WITHOUT casinos in a short period of time Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted July 26, 2015 Report Share Posted July 26, 2015 You guys are all thinking as older folks. If gambling is legalized, similar to the UK, of course there will be idiots laying -120 at them.But once they learn there is an offshore they can get better deals, they will go there. People love a bargain, perceived or actual. Plus, most people are internet savvy and can quickly learn about gambling. Similar to the poker boom. The moneymaker effect brought tons of people in to play live poker, but it also set off a MUCH bigger internet boom. Quote Link to comment Share on other sites More sharing options...
The Dark Man Posted July 26, 2015 Report Share Posted July 26, 2015 and pay taxes on wins and not get a bonus and likely pay -115 (to cover local and state taxes) There is a reason people who live in vegas still play off shore Sadly that does not matter to most rec players, they just wanna clutch that ticket, yell at the TV and get up for work tomorrow. There is a reason a king's ransom in contributions (bribery) has gone to those who oppose this. Quote Link to comment Share on other sites More sharing options...
Hangover Posted July 26, 2015 Report Share Posted July 26, 2015 Im also guessing legalization across the country would be huge for touts. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted July 27, 2015 Report Share Posted July 27, 2015 You guys are all thinking as older folks. If gambling is legalized, similar to the UK, of course there will be idiots laying -120 at them. But once they learn there is an offshore they can get better deals, they will go there. People love a bargain, perceived or actual. Plus, most people are internet savvy and can quickly learn about gambling. Similar to the poker boom. The moneymaker effect brought tons of people in to play live poker, but it also set off a MUCH bigger internet boom. exactly nobody lives in a bubble if I tell my buddy on Monday that I bet 120 to win 100 on the packers, he will say he bet 110 or 105 to win 100 online... just like bookstores are legal but they still got killed by amazon! yes people want to browse at books in a store and look at them, but that didn't matter as much as price Quote Link to comment Share on other sites More sharing options...
Mofome Posted August 25, 2016 Report Share Posted August 25, 2016 Quote Link to comment Share on other sites More sharing options...
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