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wylioats Offline
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Post: #21
RE: Sports Betting
[quote='Latilleon' pid='15299104' dateline='1526426584']
So will any of you bet on Tiger games, knowing you are breaking the Rainman’s first rule of sports wagering?
[/quote]

Gambling rule #1----Never bet your heart.
05-16-2018 06:35 AM
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fsquid Offline
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Post: #22
RE: Sports Betting
(05-15-2018 06:23 PM)Latilleon Wrote:  So will any of you bet on Tiger games, knowing you are breaking the Rainman’s first rule of sports wagering?

only if we rehire Larry Porter
05-16-2018 09:05 AM
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ksigtigerdood Offline
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Post: #23
RE: Sports Betting
(05-16-2018 09:05 AM)fsquid Wrote:  
(05-15-2018 06:23 PM)Latilleon Wrote:  So will any of you bet on Tiger games, knowing you are breaking the Rainman’s first rule of sports wagering?

only if we rehire Larry Porter

That was weekly free money
05-16-2018 09:17 AM
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fsquid Offline
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Post: #24
RE: Sports Betting
(05-16-2018 09:17 AM)ksigtigerdood Wrote:  
(05-16-2018 09:05 AM)fsquid Wrote:  
(05-15-2018 06:23 PM)Latilleon Wrote:  So will any of you bet on Tiger games, knowing you are breaking the Rainman’s first rule of sports wagering?

only if we rehire Larry Porter

That was weekly free money

so true, best betting season I ever had.
05-16-2018 11:17 AM
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ncrdbl1 Offline
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Post: #25
RE: Sports Betting
More likely you will have more widespread corruption.

In the past you only had to focus on a few locations in order to monitor agents and insider betting.

Now you will have to try and focus on several locations to make sure no back alley bets and tampering of games is going on.

Spread the bets across state lines and across the country and it will be harder to monitor.

If they want to the Federal Government can come right back and invoke a tax rate so high on sports wagering that it makes it impossible to run a successful operation and it would be legal since the 16th amendment allows the government to tax anything.

If the federal government can cause a 30# drum of R-22 to go from $105.00 to $750.00 with excise taxes, they can do the same thing with sports betting.
(This post was last modified: 05-16-2018 07:38 PM by ncrdbl1.)
05-16-2018 07:36 PM
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klg316 Offline
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Post: #26
RE: Sports Betting
(05-15-2018 06:23 PM)Latilleon Wrote:  So will any of you bet on Tiger games, knowing you are breaking the Rainman’s first rule of sports wagering?

If the Tigers are favored, bet on the underdog:

1.) If the Tigers win, but don't cover, you win.
2.) If the Tigers lose, you win.
3.) If the Tigers win and cover, you lose, but you also win.
05-16-2018 08:44 PM
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aTxTIGER Online
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Post: #27
RE: Sports Betting
(05-16-2018 07:36 PM)ncrdbl1 Wrote:  More likely you will have more widespread corruption.

In the past you only had to focus on a few locations in order to monitor agents and insider betting.

Now you will have to try and focus on several locations to make sure no back alley bets and tampering of games is going on.

Spread the bets across state lines and across the country and it will be harder to monitor.

If they want to the Federal Government can come right back and invoke a tax rate so high on sports wagering that it makes it impossible to run a successful operation and it would be legal since the 16th amendment allows the government to tax anything.

If the federal government can cause a 30# drum of R-22 to go from $105.00 to $750.00 with excise taxes, they can do the same thing with sports betting.

Ummm, I hate to break it to you but millions of people bet every day on their phones in city/state/county in the US. Why do you think 500k people watch MAC games on Tuesdays in the Fall? It aint because Toledo and Eastern Michigan is that exciting.

If anything, there will be less corruption because all of these bookies will basically be driven out by publicly traded corporations watched over by state and federal regulators.
05-17-2018 07:52 AM
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ksigtigerdood Offline
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Post: #28
RE: Sports Betting
(05-17-2018 07:52 AM)aTxTIGER Wrote:  
(05-16-2018 07:36 PM)ncrdbl1 Wrote:  More likely you will have more widespread corruption.

In the past you only had to focus on a few locations in order to monitor agents and insider betting.

Now you will have to try and focus on several locations to make sure no back alley bets and tampering of games is going on.

Spread the bets across state lines and across the country and it will be harder to monitor.

If they want to the Federal Government can come right back and invoke a tax rate so high on sports wagering that it makes it impossible to run a successful operation and it would be legal since the 16th amendment allows the government to tax anything.

If the federal government can cause a 30# drum of R-22 to go from $105.00 to $750.00 with excise taxes, they can do the same thing with sports betting.

Ummm, I hate to break it to you but millions of people bet every day on their phones in city/state/county in the US. Why do you think 500k people watch MAC games on Tuesdays in the Fall? It aint because Toledo and Eastern Michigan is that exciting.

If anything, there will be less corruption because all of these bookies will basically be driven out by publicly traded corporations watched over by state and federal regulators.

Yep... Imaginary state lines have never stopped wagering on sports. Pete Rose and Tim Donaghy weren't traveling to Vegas to make their plays.
05-17-2018 09:45 AM
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Tiger87 Offline
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Post: #29
RE: Sports Betting
(05-17-2018 09:45 AM)ksigtigerdood Wrote:  
(05-17-2018 07:52 AM)aTxTIGER Wrote:  
(05-16-2018 07:36 PM)ncrdbl1 Wrote:  More likely you will have more widespread corruption.

In the past you only had to focus on a few locations in order to monitor agents and insider betting.

Now you will have to try and focus on several locations to make sure no back alley bets and tampering of games is going on.

Spread the bets across state lines and across the country and it will be harder to monitor.

If they want to the Federal Government can come right back and invoke a tax rate so high on sports wagering that it makes it impossible to run a successful operation and it would be legal since the 16th amendment allows the government to tax anything.

If the federal government can cause a 30# drum of R-22 to go from $105.00 to $750.00 with excise taxes, they can do the same thing with sports betting.

Ummm, I hate to break it to you but millions of people bet every day on their phones in city/state/county in the US. Why do you think 500k people watch MAC games on Tuesdays in the Fall? It aint because Toledo and Eastern Michigan is that exciting.

If anything, there will be less corruption because all of these bookies will basically be driven out by publicly traded corporations watched over by state and federal regulators.

Yep... Imaginary state lines have never stopped wagering on sports. Pete Rose and Tim Donaghy weren't traveling to Vegas to make their plays.

His hot-take is usually way off the mark. This one is no exception. Legalizing gambling will increase illegal "back alley" bets? Weird logic.
05-17-2018 11:51 AM
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Trapper John Offline
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Post: #30
RE: Sports Betting
The tax issue is interesting. If betting were legal, would individual bookies be subject to tax evasion charges (on top of whatever charges there would be for booking outside of whatever legal structure was created)? The tax question, depending on how it is defined) could bring the federal government back into the state by state issue of legalized sports gambling.
05-17-2018 11:56 AM
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Tiger87 Offline
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Post: #31
RE: Sports Betting
(05-17-2018 11:56 AM)Trapper John Wrote:  The tax issue is interesting. If betting were legal, would individual bookies be subject to tax evasion charges (on top of whatever charges there would be for booking outside of whatever legal structure was created)? The tax question, depending on how it is defined) could bring the federal government back into the state by state issue of legalized sports gambling.

They already are subject to tax evasion charges. Many times, that's how the Feds attack organized crime.
05-17-2018 01:05 PM
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TIGERCITY Offline
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Post: #32
RE: Sports Betting
(05-15-2018 08:11 AM)true_blue_thru_and_thru Wrote:  
(05-15-2018 08:01 AM)MemTigers1998 Wrote:  
(05-15-2018 07:41 AM)Latilleon Wrote:  
(05-15-2018 06:34 AM)ksigtigerdood Wrote:  In all, this should be a good thing for both athletics and the local economies that embrace it. It will cause some issues with the sports leagues/teams who will try to get their cut, though.

I anticipate Tennessee will be one of the last states to adopt.

I think the state constitution outlaws it and would have to be changed with is a long and arduous process.

Mississippi could be motivated to prop up Tunica though.

Couldn't a SC ruling trump (no pun intended) the state constitution? TN had a cons amendment that marriage was man/ woman (actually, I believe lots of states did) and the SC overturned those.

This sports betting ruling doesn't matter to me. I've been betting locally for years and will continue. No need to go to a casino to bet on a ballgame.

SCOTUS didn't say betting was automatically legal throughout the states now. They said it was illegal for the federal government to outlaw it in the states. It just said that its a state's rights issue (10th Am) so the state should decide whether or not to allow it.

I'd wager if Congress wanted to regulate this they could. Use the Commerce Clause to do it - they've used it for everything else
05-17-2018 01:57 PM
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Post: #33
RE: Sports Betting
(05-15-2018 11:50 PM)memtigbb Wrote:  
(05-15-2018 09:23 PM)memphisike Wrote:  Word on the street, this is gonna be great for everybody, but the bookies and Vegas
I go to vegas for the sweet 16, now I can go to jersey, maryland and soon Virginia
When in Memphis I'll go to tunica
WE TALKIN BIG MONEY for the states and broke ass bettors paying out

So you are saying this is going to be great for the bookies and Vegas... got it.

I think Vegas benefits several ways.

First, it will make more players. When they come to Vegas they will drop more. Market expansion always benefits the biggest market. The real money is in what the Mrs drops in the slot machine while you are playing the book.

Second, the casinos will require hardware and software to run the books. All those companies are based in Vegas.

Third, the actual bookmaking has to be done. How that will play-out I don't know. Casinos with corporate parents will have tremendous edges here over those that don't. The smaller operations are not going to compete with Vegas for exotic proposition bets on who has the first fumble at the Super Bowl. There has to be enough money bet to make it worth offering.

Fourth, the depth of betting offered. Will Tunica offer soccer bets? Or hockey? Some states will offer horse racing while others will not. It's quite likely you won't be able to bet on teams based in your own state. Some states may allow NCAA betting where others will not. Wait and see. My gut says that Vegas will have the most product to offer with the fewest restrictions.

Overall, I think it will be good for Vegas. Most Vegas places the book is 10% or less of their take. So you can't hurt them that much even if I am totally wrong. My gut says more people learning to play the books ultimately makes Vegas more money.
05-17-2018 02:56 PM
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Mr_XcentricK Offline
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Post: #34
RE: Sports Betting
(05-15-2018 09:23 PM)memphisike Wrote:  Word on the street, this is gonna be great for everybody, but the bookies and Vegas
I go to vegas for the sweet 16, now I can go to jersey, maryland and soon Virginia
When in Memphis I'll go to tunica
WE TALKIN BIG MONEY for the states and broke ass bettors paying out

Maryland has to wait until 2020 before any legislation can be passed on it and there is nothing on the books yet for VA.

https://www.washingtonpost.com/local/md-...8b0fbc16a4
05-17-2018 03:14 PM
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true_blue_thru_and_thru Offline
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Post: #35
RE: Sports Betting
(05-17-2018 01:57 PM)TIGERCITY Wrote:  
(05-15-2018 08:11 AM)true_blue_thru_and_thru Wrote:  
(05-15-2018 08:01 AM)MemTigers1998 Wrote:  
(05-15-2018 07:41 AM)Latilleon Wrote:  
(05-15-2018 06:34 AM)ksigtigerdood Wrote:  In all, this should be a good thing for both athletics and the local economies that embrace it. It will cause some issues with the sports leagues/teams who will try to get their cut, though.

I anticipate Tennessee will be one of the last states to adopt.

I think the state constitution outlaws it and would have to be changed with is a long and arduous process.

Mississippi could be motivated to prop up Tunica though.

Couldn't a SC ruling trump (no pun intended) the state constitution? TN had a cons amendment that marriage was man/ woman (actually, I believe lots of states did) and the SC overturned those.

This sports betting ruling doesn't matter to me. I've been betting locally for years and will continue. No need to go to a casino to bet on a ballgame.

SCOTUS didn't say betting was automatically legal throughout the states now. They said it was illegal for the federal government to outlaw it in the states. It just said that its a state's rights issue (10th Am) so the state should decide whether or not to allow it.

I'd wager if Congress wanted to regulate this they could. Use the Commerce Clause to do it - they've used it for everything else

Ha, yep but I think the old days of Congress bending everything to fit it within "interstate commerce" might be over. This new court probably will start harping on state's rights a lot more compared to any other recent crew.
05-17-2018 03:36 PM
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ncrdbl1 Offline
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Post: #36
RE: Sports Betting
(05-17-2018 07:52 AM)aTxTIGER Wrote:  
(05-16-2018 07:36 PM)ncrdbl1 Wrote:  More likely you will have more widespread corruption.

In the past you only had to focus on a few locations in order to monitor agents and insider betting.

Now you will have to try and focus on several locations to make sure no back alley bets and tampering of games is going on.

Spread the bets across state lines and across the country and it will be harder to monitor.

If they want to the Federal Government can come right back and invoke a tax rate so high on sports wagering that it makes it impossible to run a successful operation and it would be legal since the 16th amendment allows the government to tax anything.

If the federal government can cause a 30# drum of R-22 to go from $105.00 to $750.00 with excise taxes, they can do the same thing with sports betting.

Ummm, I hate to break it to you but millions of people bet every day on their phones in city/state/county in the US. Why do you think 500k people watch MAC games on Tuesdays in the Fall? It aint because Toledo and Eastern Michigan is that exciting.

If anything, there will be less corruption because all of these bookies will basically be driven out by publicly traded corporations watched over by state and federal regulators.

Yea that is the reason why up until the Raiders and Golden Knights EVERY major league sporting league prohibited franchises in communities where sports betting is allowed on that sport. And why until 2001 that Vegas prohibited wagering on Nevada teams.

Nevada keep close watch over who was making bets and on whom. The traffic flow was focused into a certain area and it is harder to slip things past when you have a highly focused watch dog.

One of the reason the US made it illegal to use credit cards to wager on offshore sites was because it was not possible to monitor these off shore sites and they were used in money laundering.

That law is still in place and credit cards still CANNOT collect payments for gambling debts.
05-17-2018 06:10 PM
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Mimi Offline
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Post: #37
RE: Sports Betting
(05-15-2018 08:01 AM)MemTigers1998 Wrote:  
(05-15-2018 07:41 AM)Latilleon Wrote:  
(05-15-2018 06:34 AM)ksigtigerdood Wrote:  In all, this should be a good thing for both athletics and the local economies that embrace it. It will cause some issues with the sports leagues/teams who will try to get their cut, though.

I anticipate Tennessee will be one of the last states to adopt.

I think the state constitution outlaws it and would have to be changed with is a long and arduous process.

Mississippi could be motivated to prop up Tunica though.

Couldn't a SC ruling trump (no pun intended) the state constitution? TN had a cons amendment that marriage was man/ woman (actually, I believe lots of states did) and the SC overturned those.

This sports betting ruling doesn't matter to me. I've been betting locally for years and will continue. No need to go to a casino to bet on a ballgame.

Supremacy Clause...Federal over state.

But...something like this, it works a little differently. Federal decision simply indicates that the allowance of sports betting is not unconstitutional. That does not mean a state must do it.

If the Supreme indicates something is UNconstututional, then the state cannot do it. A state may choose to have gaming or not. A state may not choose to segregate its schools.
05-17-2018 08:12 PM
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Trapper John Offline
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Post: #38
RE: Sports Betting
Ultimately, this will be a cash grab, state by state. My point is that with the legalization, will there be a secondary cash grab by the IRS on illegal bookies who do not pay taxes on winnings and/or betters? I guess it would be similar to people who grow and sell weed in states where it is legal ( and taxed) to grow and sell weed.
05-17-2018 11:32 PM
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Latilleon Offline
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Post: #39
RE: Sports Betting
(05-17-2018 06:10 PM)ncrdbl1 Wrote:  Yea that is the reason why up until the Raiders and Golden Knights EVERY major league sporting league prohibited franchises in communities where sports betting is allowed on that sport. And why until 2001 that Vegas prohibited wagering on Nevada teams.

Are you saying that major leagues were breaking anti-trust laws!?!

Because if you look at the reality, there hasn’t been any major league expansion before the Knights since the Charlotte Hornets (then Bobcats) were created. Before them, the Houston Texans, which competed with Los Angeles for the franchise. Las Vegas has been one of America’s fastest growing cities over the last 50 years, and during the league expansions of the 90s, it wasn’t bigger than Memphis.

The theory is that major leagues wouldn’t let franchise go to Las Vegas, but there was no appropriate arena and no group trying to make it happen. In 2001 when the Grizzlies were considering Vegas, the big difference was Vegas didn’t have a FedEx and a group willing to put millions behind getting the team. That’s really why Heisley was convinced to go to Memphis by Commissioner David Stern.

Quote:Nevada keep close watch over who was making bets and on whom. The traffic flow was focused into a certain area and it is harder to slip things past when you have a highly focused watch dog.

You learn this from Coast to Coast? Or are you a G-man?

Quote:One of the reason the US made it illegal to use credit cards to wager on offshore sites was because it was not possible to monitor these off shore sites and they were used in money laundering.

Gambling was ALWAYS illegal; it’s just the Federal government decided to crackdown on it. Just like a little over a decade ago, every other commercial on Memphis sports talk stations was for online sports books and they got a message from the FCC that directing listeners to offshore sports books was supporting illegal sports gambling and would put their broadcast license at risk.

Quote:05-ban:ban:That law is still in place and credit cards still CANNOT collect payments for gambling debts.

Is that how you got out of paying off your bookie after you kept putting money on Junior after he went to #88?
(This post was last modified: 05-18-2018 12:45 PM by Latilleon.)
05-18-2018 05:12 AM
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Post: #40
RE: Sports Betting
(05-18-2018 05:12 AM)Latilleon Wrote:  
(05-17-2018 06:10 PM)ncrdbl1 Wrote:  Yea that is the reason why up until the Raiders and Golden Knights EVERY major league sporting league prohibited franchises in communities where sports betting is allowed on that sport. And why until 2001 that Vegas prohibited wagering on Nevada teams.

Are you saying that major leagues were breaking anti-trust laws!?!

Because if you look at the reality, there hasn’t been any major league expansion before the Knights since the Charlotte Hornets (then Bobcats) were created. Before them, the Houston Texans, which competed with Los Angeles for the franchise. Las Vegas has been one of America’s fastest growing cities over the last 50 years, and during the league expansions of the 90s, it wasn’t bigger than Memphis.

The theory is that major leagues wouldn’t let franchise go to Las Vegas, but there was no appropriate arena and no group trying to make it happen. In 2001 when the Grizzlies were considering Vegas, the big difference was Vegas didn’t have a FedEx and a group willing to put millions behind getting the team. That’s really why Heisley was convinced to go to Memphis by Commissioner David Stern.

Quote:Nevada keep close watch over who was making bets and on whom. The traffic flow was focused into a certain area and it is harder to slip things past when you have a highly focused watch dog.

You learn this from Coast to Coast? Or are you a G-man?

Quote:One of the reason the US made it illegal to use credit cards to wager on offshore sites was because it was not possible to monitor these off shore sites and they were used in money laundering.

Gambling was ALWAYS illegal; it’s just the Federal government decided to crackdown on it. Just like a little over a decade ago, every other commercial on Memphis sports talk stations was for online sports books and they got a message from the FCC that directing listeners to offshore sports books was supporting illegal sports gambling and would put their broadcast license at risk.

Quote:05-ban:ban:That law is still in place and credit cards still CANNOT collect payments for gambling debts.

Is that how you got out of paying off your booking after you kept putting money on Junior after he went to #88?

I was gonna respond to him but you got it.
05-18-2018 07:40 AM
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