What's new
Fantasy Football - Footballguys Forums

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Supreme Court Rules Sports Betting Legal (1 Viewer)

Exit 1 said:
Probably same as it is now with FanDuel, where each state will be different (for now) until more legislation is passed on the state level.
Click to expand...
This might be a risky ploy for Paddy Power Betfair,  I don't know where they'd land if states use a "Nevada" model where all mobile wagering is tied to an actual, physical sportsbook. 

 
Visited Monmouth Park this weekend, it’s better but still needs a little makeover but the book is totally operational, new HD boards with updating live odds are up, machines in place so the minute they get the go ahead they’ll really be ready.

the rest of the place is the last stand of the standard definition tv but the sports bar and right outside are ready

 
Hear all the major sports networks have shows planned centering on sports betting. Kickoffs will be right around football season.

 
ghostguy123 said:
When will Ohio get some sportsbooks.  Anyone know anything?  
Click to expand...
I assume so. All of Ohio, Michigan, Indiana are notorious for waiting until their hands are forced by neighboring states. As soon as one of them gets it, the other 2 will race to catch up. God forbid any of them be proactive. 

 
jb1020 said:
30 minutes of Brent Mussberger not having to make veiled gambling references.  I'll probably pass on that.  
Click to expand...
If they pair him up with a hottie that he can lear at maybe ok. But instead he'll end up with a casting reject from Godfather 4.

 
Good Posting Judge said:
Delaware open for business next Tues:

http://money.cnn.com/2018/05/31/news/companies/sports-betting-delaware-sportspick/index.html
Click to expand...
DE Finance Secretary was just on the radio.  William Hill is in there too.

Interesting that he mentioned that the parlay business generated about $46 million last year in revenue and the state got about $9 million.  Said margins on parlays are like 25% and they expect the margins on the single-game and other stuff to be like 5-6%.

Maybe not any kind of news to anyone, but as someone not that in to gambling, I found it interesting that he revealed that.  Maybe it is just public info anyway.

 
jb1020 said:
30 minutes of Brent Mussberger not having to make veiled gambling references.  I'll probably pass on that.  
Click to expand...


Good Posting Judge said:
Almost a zero chance they'll have anyone dangerous on there.
Click to expand...
I'm a pretty big fan of VSiN.  Have listened to Gill Alexander forever on podcasts and like his show.  I could listen to Brent talk about almost anything.  That being said, I like the analysis of sports gambling, and good stories, and hearing about how lines are moving and why, etc.  I don't watch or listen for picks.  If you tail anyone on there or any show on tv the best you'll do is 50%.  

 
Long Ball Larry said:
DE Finance Secretary was just on the radio.  William Hill is in there too.

Interesting that he mentioned that the parlay business generated about $46 million last year in revenue and the state got about $9 million.  Said margins on parlays are like 25% and they expect the margins on the single-game and other stuff to be like 5-6%.

Maybe not any kind of news to anyone, but as someone not that in to gambling, I found it interesting that he revealed that.  Maybe it is just public info anyway.
Click to expand...
Sports betting is a drop in the bucket

from noted DB RJ Bell

For every $1 Nevada casinos won on sports betting in April, they won ...

$1.83 on Craps

$1.90 on Roulette

$4.00 on Baccarat

$5.78 on Blackjack

$17.61 on penny slot machines

$22.81 on bigger slot machines

 
IMAX 3D said:
Sports betting is a drop in the bucket

from noted DB RJ Bell

For every $1 Nevada casinos won on sports betting in April, they won ...

$1.83 on Craps

$1.90 on Roulette

$4.00 on Baccarat

$5.78 on Blackjack

$17.61 on penny slot machines

$22.81 on bigger slot machines
Click to expand...
:lmao:  

 
Long Ball Larry said:
DE Finance Secretary was just on the radio.  William Hill is in there too.

Interesting that he mentioned that the parlay business generated about $46 million last year in revenue and the state got about $9 million.  Said margins on parlays are like 25% and they expect the margins on the single-game and other stuff to be like 5-6%.

Maybe not any kind of news to anyone, but as someone not that in to gambling, I found it interesting that he revealed that.  Maybe it is just public info anyway.
Click to expand...
Yeah there's a lot of vig/take-out/juice hidden in parlays. Multi-way betting (e.g. Who will win the World Series?, horse racing) are also juiced to the gills. Most people don't care. The appeal for a lot of people is the same as the lottery, you can risk a little to win a lot, and the actual expected value is usually incidental. Bookmakers were similarly candid about McGregor's chances against Mayweather (one said in an espn article he should've been 50-1, not 5-1). Doesn't matter.

 
Good Posting Judge said:
Yeah there's a lot of vig/take-out/juice hidden in parlays. Multi-way betting (e.g. Who will win the World Series?, horse racing) are also juiced to the gills. Most people don't care. The appeal for a lot of people is the same as the lottery, you can risk a little to win a lot, and the actual expected value is usually incidental. Bookmakers were similarly candid about McGregor's chances against Mayweather (one said in an espn article he should've been 50-1, not 5-1). Doesn't matter.
Click to expand...
Plus on the future bets they get to hold your money for months at a time.

 
IMAX 3D said:
Sports betting is a drop in the bucket

from noted DB RJ Bell

For every $1 Nevada casinos won on sports betting in April, they won ...

$1.83 on Craps

$1.90 on Roulette

$4.00 on Baccarat

$5.78 on Blackjack

$17.61 on penny slot machines

$22.81 on bigger slot machines
Click to expand...


Is the Baccarat I wonder due to the volume of high rollers?  I don't see how that is possible.  Nobody plays that game, and craps games are always hot and people lose their ### betting on ### bets like horn high yo and crap all night.  

Baccarat is basically a coin flip with a tiny house edge, and you can bet on ties that is a sucker bet.  

Blackjack I can see. It's huge volume and people are ######.

Sports betting is really low margin after you take into account the overhead with it.  Plus they are not allowed to escrow futures bets either, which I think is part of this legislation.  They could up their margins like 2-3% if they could escrow stuff I've heard.  That you can't do at a table game, lol.

Can you imagine credit default swaps on futures bets?

 
culdeus said:
Is the Baccarat I wonder due to the volume of high rollers?  I don't see how that is possible.  Nobody plays that game, and craps games are always hot and people lose their ### betting on ### bets like horn high yo and crap all night.  

Baccarat is basically a coin flip with a tiny house edge, and you can bet on ties that is a sucker bet.  

Blackjack I can see. It's huge volume and people are ######.

Sports betting is really low margin after you take into account the overhead with it.  Plus they are not allowed to escrow futures bets either, which I think is part of this legislation.  They could up their margins like 2-3% if they could escrow stuff I've heard.  That you can't do at a table game, lol.

Can you imagine credit default swaps on futures bets?
Click to expand...
I have no reason to disbelieve the numbers :shrug:

 
Pa got out in front of this before the SC ruling so they could save time. So how many places are taking bets in Pa? None

I've read that the state wants to tax wagers at 30some percent? 

And 10 million I believe for a license??

This is bull####  :angry:

 
So many morons are going to lose their ### when this goes nationwide. It’s going to be a smaller version of crypto. 

 
You must log in or register to reply here.

Similar threads

kupcho1
The Apple Sports app
Replies
21
Views
1K
Harry Frogfish
Harry Frogfish
odin33
Seeking medical and legal advice- Handling of daughter's outpatient surgery
Replies
15
Views
619
Terminalxylem
Terminalxylem
Chadstroma
Youth Sports- Making Weight
Replies
30
Views
2K
Chadstroma
Chadstroma

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
Back
Top