King Colt

Legalized Sports Gambling Is Coming

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1 minute ago, 2006Coltsbestever said:

Yeah there have been some unpredictable curveballs that is for sure. That is how Vegas stays rich. The 2007 SB like you said was unreal. I never thought the Pats would lose to the Giants in a million years. When the Cubs were down 3-1 in the WS in 2016 I couldn't believe that either but they came back and won.

The 2007 SB completely tricked me, however, I made a lot of money in that Cubs series. As soon as they were down 3-1, that's when I pounced. Three $100 bets in a row straight up, and it paid off completely. That's when you have to just go with the story.

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Interesting to read the opinions of those in here as a Brit who has access to gambling at all times. It certainly can be an issue for some people but, if you want to ban all things that can lead to addition then we would have no fun at all! Say goodbye to your alcohol and cigarettes!

 

It's about promoting safe gambling habits, over here we have constant ads promoting "when the fun stops, stop". Very sensible message. As well as only betting what you are willing to lose.

 

Just to point out that I am currently on holiday in florida and can't bet on the Scottish cup final because my app won't let me due to being in America! :hissy:

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28 minutes ago, DaveA1102 said:

Interesting to read the opinions of those in here as a Brit who has access to gambling at all times. It certainly can be an issue for some people but, if you want to ban all things that can lead to addition then we would have no fun at all! Say goodbye to your alcohol and cigarettes!

 

It's about promoting safe gambling habits, over here we have constant ads promoting "when the fun stops, stop". Very sensible message. As well as only betting what you are willing to lose.

 

Just to point out that I am currently on holiday in florida and can't bet on the Scottish cup final because my app won't let me due to being in America! :hissy:

I CONCUR.

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On 5/18/2018 at 12:10 PM, NewColtsFan said:

 

The leagues will want a cut....

 

NBA Commishioner Adam Silver has already said his league will want a cut of every bet wagered on the NBA.

 

I think it's that's HUGE mistake....

They can want,  casinos won't pay.  Sports betting has been going on legally in Vegas for years.   

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On 5/18/2018 at 12:10 PM, NewColtsFan said:

 

The leagues will want a cut....

 

NBA Commishioner Adam Silver has already said his league will want a cut of every bet wagered on the NBA.

 

I think it's that's HUGE mistake....

FanDuel and what not will surely be sponsors.

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1 hour ago, Nadine said:

FanDuel and what not will surely be sponsors.

 

You see a lot of that in UK. At half time in our football you get adverts for "in play" betting, ie Messi to score the next goal at "boosted" odds of 5/2. 

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5 hours ago, jvan1973 said:

They can want,  casinos won't pay.  Sports betting has been going on legally in Vegas for years.   

Yeah I agree. Just curious how they would force casinos and the betting houses to pay? Lobby congress? I don’t see how they can get a cut? I’m really curious for someone to explain that to me. More likely you would be able to bet at the stadiums and the league would get a cut of that...the league would sponsor betting on their app or webpage. Like say sign up for fee and get no processing fee for betting or something...but how do they force other betting houses to pay them a fee. Anybody explain how they accomplish that?

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1 minute ago, dgambill said:

Yeah I agree. Just curious how they would force casinos and the betting houses to pay? Lobby congress? I don’t see how they can get a cut? I’m really curious for someone to explain that to me. More likely you would be able to bet at the stadiums and the league would get a cut of that...the league would sponsor betting on their app or webpage. Like say sign up for fee and get no processing fee for betting or something...but how do they force other betting houses to pay them a fee. Anybody explain how they accomplish that?

Licensing fees and sponsorship 

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1 minute ago, PrincetonTiger said:

Licensing fees and sponsorship 

I get the sponsorships but licenses are issued by state. How does the league get that unless you mean to advertise the logos etc. Vegas doesn’t pay why would they have to now?

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Just now, dgambill said:

I get the sponsorships but licenses are issued by state. How does the league get that unless you mean to advertise the logos etc. Vegas doesn’t pay why would they have to now?

Team licensing   

   

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1 minute ago, PrincetonTiger said:

Team licensing   

   

So if Vegas doesn’t pay now why would anyone else need to? Can’t you just use titles like American football and not use nfl and use city or abbreviations. If you don’t use a licensed name etc why would you have to pay?

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3 minutes ago, dgambill said:

So if Vegas doesn’t pay now why would anyone else need to? Can’t you just use titles like American football and not use nfl and use city or abbreviations. If you don’t use a licensed name etc why would you have to pay?

Since the leagues offices were not located in Vegas and wanted to do with an illegal business they couldn’t but now that things have changed 

  IMO

   Sponsorship and Team Licensing go hand in hand

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6 minutes ago, PrincetonTiger said:

Since the leagues offices were not located in Vegas and wanted to do with an illegal business they couldn’t but now that things have changed 

  IMO

   Sponsorship and Team Licensing go hand in hand

Got it. So MGM say and others could sponsor a team and could use “official” nfl licensing of their logo and names etc but I would say the avg betting establishment wouldn’t necessarily have to pay anything to the NFL is what I was getting at. But agree there would be some revenue...just not like a percentage of each bet is what I’m getting at.

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Hmm, increased revenue.

So, what's the over/under on the length of the next strike?

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