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How do you feel about Sports betting in the USA?

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  • How do you feel about Sports betting in the USA?

    The Professional and Amateur Sports Protection Act of 1992, also known as the "Bradley Act," banned betting on sports in all but four states, Nevada, Delaware, Oregon, and Montana, whose legislatures were able to meet a 1991 deadline to approve sports wagering and thus were granted an exemption. The federal law even allowed a loophole, clearly aimed at New Jersey, stipulating that states with legalized casino gambling could have until 1993 to license sports wagering. New Jersey failed to do so. Last fall, New Jersey residents voted 2-to-1 that they would like to see sports betting allowed in the state, and earlier this year, a bill allowing such was passed and signed into law. Christie said he would make no attempt to overturn the federal ban in the regulations his administration would set on the practice.

    .....

    Proponents of permitting sports betting argue that wagering on sports already goes on illegally, and legitimizing it would bring it out into the light of day, eliminating corruption. Furthermore, it could bring extra revenue to states whose budgets are particularly cash-strapped in these dire economic times. Opponents say that such measures encourage gambling, a habit with many negative side effects, and that sports wagering would jeopardize the integrity of the sports (the NFL is a particularly vocal opponent of legalizing sports betting, though some speculate this is because it would put extra pressure on referees to make the correct calls).

    more,


    http://www.usnews.com/debate-club/sh...tting-be-legal


    I feel that Adam Silver(NBA commissioner) has it right when it comes to sports betting,

    The NBA's pivot point on legalized gambling appeared in a Nov. 13, 2014, editorial in The New York Times, penned by new commissioner Adam Silver: I believe that sports betting should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated.

    more,



    http://espn.go.com/chalk/story/_/id/...agues-join-him

    http://www.nytimes.com/2014/11/14/op...s-betting.html



    I for one believe that Sports betting should be legal throughout the USA.(all 50 States). I have to consider a # of things in my decision, such as how my religion relates to my views on sports betting, and its a fact that Catholic Churches across the USA set up gambling tents, where folks can have a good time and not lose to much $$. Further, even some the non denominational Christians are involved in business ownership. If one wants to operate a restaurant or some type of small buisness here in the USA, they are going to be effectively gambling, its a fact that not all new companies make it.

    For the folks out there who believe that gambling is morally wrong, know that Sports betting is not the same as putting money into a slot machine for example.

    In my view, sports betting can be compared to opening up a restaurant. For example if X person(whom happens to be a Christian for example) opens up a restaurant , then other restaurants in the area will be at risk of losing $$. In the world of Sports betting, we will have folks whom are able to be successful by studying the game, and knowing what the best bet is. Just as in the restaurant business, a good restaurant owner will know the right area, and the right food to put out.
    15
    States should make the decision to regulate and legalize sports betting
    53.33%
    8
    The Adam Silver approach, Congress should adopt a federal framework that allows states to authorize betting on professional sports, subject to strict regulatory requirements and technological safeguards.
    26.67%
    4
    Make Sports betting Illegal throughout the US(all 50 states including Nevada)
    13.33%
    2
    Keep the current status quo
    6.67%
    1
    Last edited by Taieb el-Okbi; 24 Mar 15, 12:40. Reason: minor edit

  • #2
    When a Mod gets the chance, please change the thread title How do you feel about Sports betting in USA? to How do you feel about Sports betting in the USA?

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    • #3
      Say 'yes' to the revenue generated. Easy answer.
      SPORTS FREAK/ PANZERBLITZ COMMANDER/ CC2 COMMANDER

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      • #4
        Meh. Now you know how I feel about it...

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        • #5
          I'm a Mets and Jets fan... I don't bet on sports.
          Watts Up With That? | The world's most viewed site on global warming and climate change.

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          • #6
            Originally posted by T. A. Gardner View Post
            Meh. Now you know how I feel about it...
            I dont know how you feel about the legality of sports betting, but I would like to know.

            Comment


            • #7
              Originally posted by The Doctor View Post
              I'm a Mets and Jets fan... I don't bet on sports.
              Fair point, would you support legalized sports betting throughout the USA though?

              As for the Mets and Jets, yes the Jets have some Quarterback problems, but at least your team has won a super bowl before. Plus who can forget the 86' world series between the Red Sox and Mets.

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              • #8
                Originally posted by Taieb el-Okbi View Post
                Fair point, would you support legalized sports betting throughout the USA though?
                I think it should be up to the States.

                Originally posted by Taieb el-Okbi
                As for the Mets and Jets, yes the Jets have some Quarterback problems, but at least your team has won a super bowl before. Plus who can forget the 86' world series between the Red Sox and Mets.
                Don't forget the 1969 Amazing Mets!
                Watts Up With That? | The world's most viewed site on global warming and climate change.

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                • #9
                  Originally posted by Taieb el-Okbi View Post
                  I dont know how you feel about the legality of sports betting, but I would like to know.
                  I don't care one way or the other. The same goes for casinos and gambling in general.
                  I think you are a fool if you are doing it and expect to win big. There is one person in a thousand maybe that is competent to do that, that can play that well they win more than they lose consistently.

                  Comment


                  • #10
                    Dubner & Leavitt called the lottery "a tax on stupid people." I think much the same applies to sports betting, as well. That being said, I think 'most all forms of gambling should be legal: if people insist on being stupid, why shouldn't I help myself to some?
                    I was married for two ******* years! Hell would be like Club Med! - Sam Kinison

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                    • #11
                      I agree with TAG and SM. Gambling is for idiots. If you really can't find a use for your money, send it to me.
                      Quis Custodiet Ipsos Custodes? Who is watching the watchers?

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                      • #12
                        Originally posted by The Doctor View Post
                        I think it should be up to the States.
                        Understood.

                        Originally posted by The Doctor View Post
                        Don't forget the 1969 Amazing Mets!
                        I have heard the 69 mets team was one of the best ever. Though I was not alive during even the 86 world series, I would bet the 69 mets team was a better team then the 86 mets team. The 86 mets team got some huge luck when Bill Buckner missed that routine ground ball late in game 6. If there was a moment in sports that I could transport back into time to witness, the Bill Buckner ground ball miss would be one of them, what a moment that was.

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                        • #13
                          Originally posted by slick_miester View Post
                          Dubner & Leavitt called the lottery "a tax on stupid people." I think much the same applies to sports betting, as well. That being said, I think 'most all forms of gambling should be legal: if people insist on being stupid, why shouldn't I help myself to some?
                          Some folks think its stupid to invest $$$ into opening up a restaurant.

                          As with other things, Gambling does not have to be immoral or stupid. One ought to be aware of the difference between throwing money into a slot machine, betting on a sports team, playing the game of poker, rolling the dice in craps, etc,

                          If you think its non profitable to throw money into a slot machine, I would agree with you. I would disagree with you if you were to tell me for example that poker players or sports betters could not be profitable in the long run. I feel that sports bettors, as well as a poker players, have just as much of an opportunity to succeed or fail as that of a man who wants to open a restaurant.

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                          • #14
                            There's a lot of people who play for the fun of it.
                            Then there's people who play to win.
                            Then there's people who have a gambling problem.
                            And I am sure there are other reasons as well.

                            I really wouldn't call anyone an idiot just because they gamble. After all, the only time ever that I did gamble properly(although Poker is not gambling in the same sense that slots for example are) I won about 1k euro. Now if I thought that luck didn't play a big part in that, then I would be an idiot.

                            Sports betting btw. hasn't got that many gambling additcs. Instead it's usually people who are really into some sports and get extra excitement/enjoyment by putting a bit of money in it.

                            There's big money in it in any case. Not allowing it in the states means that when you do allow it you don't have the domestic expertise to 'exploit' it. Ie. it's gonna be foreign gambling companies gobbling all your moneys.
                            Last edited by Karri; 24 Mar 15, 18:14.
                            Wisdom is personal

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                            • #15
                              Originally posted by T. A. Gardner View Post
                              I don't care one way or the other. The same goes for casinos and gambling in general.
                              I think you are a fool if you are doing it and expect to win big. There is one person in a thousand maybe that is competent to do that, that can play that well they win more than they lose consistently.

                              If the bold is irt sports betting, this depends. Not all sports bettors are professionals, some hold part time or even full time jobs.

                              There is a guy out there who back in Feb, placed a 300USD bet on NC state to win the NCAA mens basketball championship. At the time of the bet, NC state was 2000-1(meaning the 300USD bet would win the guy 600,000) to win the championship, NC state is now anywhere from 40-1 to 60-1 to win it all.

                              Thing is there are now but 16 teams left in the NCAA tourney,so the guy who placed the 300usd bet on NC state back in February can now comfortably place a large bet on Kentucky(who is getting about even money), or even spread out bets on some of the other teams, A good sports bettor is not necessarily a guy who can pick the right team on any given week, but also a good sports bettor is able to make a good futures bet.

                              In addition to Kentucky, some books are wary of long shot NC State, which upset No. 1 seed Villanova on Saturday to reach the Sweet 16. The Wolfpack will face Louisville on Friday in Syracuse. The Cardinals are three-point favorites.

                              After the bracket was released, CG Technology posted NC State at 250-1 to win the tournament and took six bets at $200 or more, including a $400 wager, on the Wolfpack.

                              "They're our largest liability," CG Technology vice president of risk management Jason Simbal said.

                              In early February, after a loss to Wake Forest, the Wolfpack were 14-11. Their odds to win the national title dropped all the way to 2,000-1 at the SuperBook.

                              "We took a $300 bet at 2,000-1," SuperBook oddsmaker Ed Salmons said.


                              more,

                              http://espn.go.com/chalk/story/_/id/...egas-attention


                              The guy who made that 300$ bet on NC state back in February has some good equity to work with.
                              Last edited by Taieb el-Okbi; 24 Mar 15, 18:16.

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