Sports Betting And SCOTUS

**emu steve** · May-14-18, 10:13 AM

Big question:

What will happen in N.J., Detroit, etc. etc.

My trips to Vegas suggest a lot of table games [[e.g., black jack, etc.) and slots, etc. are passe. Sports gambling seems to be where the action is.

I'm sure N.J. is chomping on the bit just ready to go. [[I'm within driving distance of Atlantic City so if the Lions make the playoffs, I'm ready to lay down some cash [[on their opponents????

)

And Detroit??????????

P.S. When I come to Detroit I almost never visit a casino. If Detroit had sports wagering, I'd put down some money on EMU, Lions, etc. before going to their games.

https://www.detroitnews.com/story/ne...ting/34887963/

**emu steve** · May-14-18, 10:46 AM

Here is info on what to expect from NEW JERSEY [[a Jersey race track).

https://nypost.com/2018/05/14/how-to...in-new-jersey/

**Colombian Dan** · May-14-18, 11:40 AM

This is great news. Gary Manni should be getting out....

http://www.theoaklandpress.com/artic...NEWS/150619601

**O3H** · May-14-18, 12:25 PM

Detroit would do well to urge folks to KEEP their money.

**Cincinnati_Kid** · May-14-18, 02:41 PM

There's going to be a lot of broke people walking around. The sports books and casinos will always win out.

**emu steve** · May-14-18, 03:10 PM

Originally Posted by Cincinnati_Kid

There's going to be a lot of broke people walking around. The sports books and casinos will always win out.

I wouldn't exactly frame it that way, because of the unique nature of sports bets.

Most of the bets that these casino-sports-race books would take are essentially 11 / 10 type bets.

The Lions might be say a 3 point underdog say for a home game vs. Packers.

So the idea is that bettors line up their bets on both teams. If equal amounts are bet on each team then the casino is essentially a broker taking a bet from bettors A and B and paying the winner.

So if two bettors put down $110 each. One of the Lions and one on the Packers. The casino takes in $220 and pays out $210 [[returns the $110 bet + $100 win), making roughly $10 [[or 5%) on their role as a bookmaker.

In this example, if a bettor bet $110 on each of 10 NFL games, and wins half [[as would be expected) then the bettor puts down $1,100 and expects to return $1,050 or a loss of $50.

**Meddle** · May-14-18, 04:08 PM

I'm personally opposed to all forms of gambling and don't participate in any way. Not even lottery tickets.

**401don** · May-14-18, 06:00 PM

It will be interesting to what Congress does to regulate this. Betting on the outcome of a game is small potatoes. Now in Europe you can bet during the game on the next goal, the next penalty, what the guy will eat on the sideline, etc. - all from your smartphone.

**JBMcB** · May-14-18, 07:08 PM

Originally Posted by 401don

It will be interesting to what Congress does to regulate this.

The supreme court was pretty explicit. There isn't much they can regulate here. It's up to the states.

**ABetterDetroit** · May-14-18, 07:35 PM

Let’s just jump to the chase on this one as it relates to Michigan.

Will the powers that run the government in this state get on the ball and see this as it should be and come up with a solid plan that raises badly needed tax revenue or just thump on their bibles about the sins of gambling while singing the same old song about how they won’t raise a single new tax ever then pick their favorite ‘donor/friends’ to vacuum up a few Billion a year off of this?

**MikeyinBrooklyn** · May-14-18, 07:54 PM

If you are going to allow gambling in Michigan, then there isn't a good reason to not allow sports betting. I was opposed to Detroit casinos back in the day. I have evolved, though, and think they are a net plus. This should be good for business. However, it won't be a huge boon, because everywhere will legalize it. The only place hurt by this, of course, is Vegas.

**ABetterDetroit** · May-14-18, 08:16 PM

Originally Posted by MikeyinBrooklyn

If you are going to allow gambling in Michigan, then there isn't a good reason to not allow sports betting. I was opposed to Detroit casinos back in the day. I have evolved, though, and think they are a net plus. This should be good for business. However, it won't be a huge boon, because everywhere will legalize it. The only place hurt by this, of course, is Vegas.

I disagree. Football parlays alone sold through lottery terminals would be a huge boon by themselves. The amount of money laid down illegally during football season is immense. It is a minority of people that gamble on sports but the ones that do make up for the rest of us.

A well thought out plan would be a significant capture.

**BankruptcyGuy** · May-14-18, 09:37 PM

Originally Posted by JBMcB

The supreme court was pretty explicit. There isn't much they can regulate here. It's up to the states.

That is not correct. SCOTUS did not say that the feds could not regulate or even ban sports betting. They most likely can. PAPSA [[the overturned law) was a Rube Goldberg to keep NV sports betting legal while banning it everywhere else, effectively. It violated something called the "anti-commandeering doctrine;" the court did not run that sports betting bans were unlawful.

**Ray1936** · May-14-18, 09:57 PM

Originally Posted by MikeyinBrooklyn

This should be good for business. However, it won't be a huge boon, because everywhere will legalize it. The only place hurt by this, of course, is Vegas.

The pending case was well covered by the Las Vegas media; without exception the casino moguls were in favor of it; stated it would do little harm. One reason is the corporations based here will spread to the states desiring sports betting.

Oh, and, if you have not noticed, we also have a hockey team...........

**EGrant** · May-14-18, 10:14 PM

Vegas will be fine. How many people were flying to Vegas just to bet on games? Instead of people simply betting illegally online, they'll do it through a Draft Kings or other legal sites.

**Cincinnati_Kid** · May-15-18, 01:28 AM

Originally Posted by Ray1936

The pending case was well covered by the Las Vegas media; without exception the casino moguls were in favor of it; stated it would do little harm. One reason is the corporations based here will spread to the states desiring sports betting.

Oh, and, if you have not noticed, we also have a hockey team...........

And a damn good one I might add. The Golden Knights could win the cup.

**archfan** · May-15-18, 02:07 AM

Originally Posted by Cincinnati_Kid

There's going to be a lot of broke people walking around. The sports books and casinos will always win out.

Originally Posted by emu steve

I wouldn't exactly frame it that way, because of the unique nature of sports bets.
...
The casino takes in $220 and pays out $210 [[returns the $110 bet + $100 win), making roughly $10 [[or 5%) on their role as a bookmaker.

In this example, if a bettor bet $110 on each of 10 NFL games, and wins half [[as would be expected) then the bettor puts down $1,100 and expects to return $1,050 or a loss of $50.

Steve, I think you made Cinci's point.

**emu steve** · May-15-18, 05:10 AM

Originally Posted by archfan

Steve, I think you made Cinci's point.

You might think that, but the 'house cut' is small compared to other games of chance such as horse racing, lottery, etc. so unless one bets real big sums, they shouldn't do too badly.

Using my example and instead of betting $110 per NFL game so I bet $55 per game and pick 10 NFL [[or college) games. If I bet a total of $550 my 'expected loss' would only be $25, which is cheap entertainment.

[[here is the math: 10 bets @ 55 each. Each winning bet pays $105 [[$55 +$50 win). So if the better wins 5 and losses 5 games his payout is 5 x 105 = 525. $550 [[bet) - $525 [[payout) = $25 loss.

If I bet this senario and won 4, 5 or 6 [[of the 10 games), I'd consider it 'cheap thrills.' Others may disagree.

**emu steve** · May-15-18, 06:28 AM

As far as Detroit, need to determine what legislation, if any, is required. It could be enabling or legislation needed to reverse laws on the books.

I read that Maryland will need a constitutional amendment in 2020 to undo their prohibition.

Not sure how a ban is enshrined in their constitution or whatever but that was story was written in the Baltimore press.

**renf** · May-15-18, 06:56 AM

Will the high school and college athletic departments figure out a way
to get some share of the action? They are providing the competing teams that will be the focus of the gambling.

**emu steve** · May-15-18, 07:52 AM

Originally Posted by renf

Will the high school and college athletic departments figure out a way
to get some share of the action? They are providing the competing teams that will be the focus of the gambling.

Nope. First of all, high schools are NOT in any way involved in betting games. It is illegal across the country.

As far as colleges I'm not sure how they would be part of the action.

We've had legalized college sports betting for many decades in Vegas, and places like the Bahamas, etc. etc. and it was never an issue.

In decades PAST [[not now), in Nevada couldn't bet on games involving Nevada teams [[e.g., UNLV and Nevada) but that has gone away.

Atlantic City will, when gaming gets going, let bettors put down money on an EMU game but not a Rutgers game. [[Rutgers is near NYC but is in Jersey).

**Cincinnati_Kid** · May-15-18, 01:58 PM

So there should be no reason for college athletes, not to get a piece of the pie now. They've been used for years, with no type of compensation. And I don't care to hear that they're getting a education. That's not the point. NCAA has been making millions on them since the beginning of time.

**Hypestyles** · May-15-18, 02:08 PM

so where is the tax revenue going to go? "The schools"? how about roads? Never mind.. it will probably disappear.

**emu steve** · May-15-18, 03:26 PM

Originally Posted by Cincinnati_Kid

And a damn good one I might add. The Golden Knights could win the cup.

Or maybe the Washington Capitals. I'm not a hockey fan but I have noticed that they are rolling toward a birth in the Stanley Cup finals.

I'll do the parade it they win. I'll have to do my research first, though.

**Ray1936** · May-15-18, 06:27 PM

Originally Posted by Cincinnati_Kid

And a damn good one I might add. The Golden Knights could win the cup.

Forgive me for the thread hijack. But if the Vegas Golden Knights do go all the way, there's going to be one helluva party on the Las Vegas strip. And I'll be there, also bringing warm memories of past Red Wings accomplishments.