Big news in the world of gambling (sports betting)

[ReliableOstrich]

At some point in the future I'd imagine (depending on state) you'll be able to place bets at your local sports bar just as easily as ordering another beer. Same goes for in-stadium betting windows, so you can place a bet on the 2nd half line at a Magic game before picking up a hotdog. For the couch potatoes out there, in-app betting will be faster and safer than calling your bookey - and I'd imagine a cottage lending industry will form around this as well.

Sports betting need not be limited to casinos/horsetracks. Why not be able to place a bet in a window at Target or while buying lottery tickets at the 7/11.?

Obviously, as @seminole97 mentioned, lines/odds/ATS type stuff will infiltrate sports media to the point they may have to usher out some of the talking heads to make room for the quants. I may almost welcome that change.

The pro sports league will need to create a security apparatus that assesses if players, coaches, or refs are point shaving and if team staff are sharing secrets with bettors. At the college level.... lololol, EVERY team will likely have someone who's making some side cash doing a bit of fixing and/or sharing private info with bettors.

 

[West Duval Nole]

Florida is not one of them. Florida's legislature adjourned in March and won't return until March of 2019 unless there is a special session. There is a constitutional amendment on the ballot for November dealing with gambling. I don't know much about it, other than the Seminole Tribe and Disney are pumping big money into the battle.

I did a quick look for that and it looks like from what I gather it is on how casino style gambling could be approved for Florida. It mentioned some games it considered casino style games and it didn't look like sports betting was part of it.

But the amendment is basically saying that voters and only voters can authorize casino style gaming in Florida. Basically, it isn't something that can just be introduced and voted on by state legislators.

 

[seminoledq]

Flipped on ESPN last night and holy hell, I didn’t care when everything was about fantasy this and that, but now every game score is going to discuss the spread? I’m about done...

I'm the exact opposite. I can't stand all the talk about fantasy sports but would welcome more analysis as it relates to the betting lines.

 

[Formerly Rockymtnole]

I keep hearing people talk about how this ruling is great for online betting. how does this ruling allow that? I haven't read much but seems it just allows each state to decide to legalize sports betting. That certainly doesn't sanction online sports books. What am I missing?

 

[ReliableOstrich]

I keep hearing people talk about how this ruling is great for online betting. how does this ruling allow that? I haven't read much but seems it just allows each state to decide to legalize sports betting. That certainly doesn't sanction online sports books. What am I missing?

I'm not sure but it may eliminate some of the federal banking regulations around funds transfers for the purpose of gambling.

Curious if a state can regulate the websites you visit and what you do on them.

 

[Fijimn]

I keep hearing people talk about how this ruling is great for online betting. how does this ruling allow that? I haven't read much but seems it just allows each state to decide to legalize sports betting. That certainly doesn't sanction online sports books. What am I missing?

It's probably the articles being lazy with terms of art. True "online" betting, where the clearinghouse/servers are located in one state or even a different country are accepting bets from anywhere in the US can still be regulated and banned by the federal government because that involves interstate or international commerce (the jurisdiction of the federal government and federal law preempts state law in this area). However, federal law does not preempt pure intrastate commerce. Therefore, a state can allow OTB or sports books to open and take bets from people located in that state. Theoretically, a developer could create an in game betting app for the florida residents that would only accept bets from people located in Florida or at the game--thus keeping the commerce intrastate.

 

[West Duval Nole]

I keep hearing people talk about how this ruling is great for online betting. how does this ruling allow that? I haven't read much but seems it just allows each state to decide to legalize sports betting. That certainly doesn't sanction online sports books. What am I missing?

Not sure. I also thought i saw that the cross state for it via website would still not be legal. So if it is legal in one state, they can't have a website that takes sports bets from people out of state. I suppose that could get tricky if they do take bets on a website by verifying the address on the credit card you are paying with. However, I am guessing if you wanted to get around that, you could go get a PO Box or something in the state you wanted to gamble in and have your billing address for your credit card go there to get around it.

 

[Nole Daddy]

 

[seminole97]

I'm the exact opposite. I can't stand all the talk about fantasy sports but would welcome more analysis as it relates to the betting lines.

Maybe I was misunderstood, I don’t care for the fantasy talk, but usually it was in its own segments or shows and I could tune it out. But when I had ESPN on last night after the playoff game it seemed like they worked some gambling aspect into every baseball game etc that was recapped. Maybe that’s just because of the ruling being that day.

If the future of sports coverage is more fantasy prognostications and gambling lines I’m going to direct my attention elsewhere. But that’s just me.

 

[ReliableOstrich]

Maybe I was misunderstood, I don’t care for the fantasy talk, but usually it was in its own segments or shows and I could tune it out. But when I had ESPN on last night after the playoff game it seemed like they worked some gambling aspect into every baseball game etc that was recapped. Maybe that’s just because of the ruling being that day.

If the future of sports coverage is more fantasy prognostications and gambling lines I’m going to direct my attention elsewhere. But that’s just me.

espn is just priming the pump for their own future success.

i assume they hope that driving / normalizing the idea of gambling and gambling related content/discussions results in more people gambling (addicted to gambling?), which results in more people watching their gambling related content (addicted to that content?).

not dissimilar to how nfl/espn ratings skyrocketed as fantasy football grew in popularity and espn pumped more related content.

if you listen to what espn is saying about the SCOTUS ruling, very little (nearly none) of it addresses potential negative consequences (social, game integrity, etc...). it's almost all about how this is an exciting new frontier and which will be the first state to do it. they're marketing a policy that will help their future ratings.

 

[Fijimn]

Maybe I was misunderstood, I don’t care for the fantasy talk, but usually it was in its own segments or shows and I could tune it out. But when I had ESPN on last night after the playoff game it seemed like they worked some gambling aspect into every baseball game etc that was recapped. Maybe that’s just because of the ruling being that day.

If the future of sports coverage is more fantasy prognostications and gambling lines I’m going to direct my attention elsewhere. But that’s just me.

Just like in the old days when Jimmy The Greek was on television. Although his bookmaking background was edited for the general public...

 

[NoleMoreTears]

One interesting part is to see if this affects stipends allowed by NCAA institutions to "pay" players. Legalized sports gambling is an endorsement of another avenue for people to profit off student-athletes without them getting any share of the pie.

 

[ReliableOstrich]

One interesting part is to see if this affects stipends allowed by NCAA institutions to "pay" players. Legalized sports gambling is an endorsement of another avenue for people to profit off student-athletes without them getting any share of the pie.

if schools don't start giving players a fair piece of the pie, bank on players getting their's directly from gamblers, impacting the integrity of the game.

same applies to team support staff and refs.

the ncaa can't (or won't) regulate the rampant cheating and shadiness that's woven into the fabric of college sports for decades, i hardly think they'll have the capacity or wherewithal to identify and punish those who are fixing games now or in the future.

 

[Fijimn]

New Jersey is not allowing betting on in-state teams. I don't know if Mississippi has the same prohibition. Probably a good attempt at trying to avoid tampering and throwing games. But, in the end, as more markets and more money flow into sports gambling the motivation to buy a player or team will be too great. College kids won't care and will justify that the school is making money, why can't I. Moreover, college officiating is so deplorable, I would be surprised if the bookies don't have a few sleeper cell refs in their back pockets.

 

[FSUdawg]

I heard on the radio today that NJ will be live with sports gambling before the end of the month. So, while it is nice Mississippi will be ready rather quickly, by August 1, NJ has a huge head start on them.

Also, from my understanding, each state will need to regulate and pass laws for itself. Most believe bets will be allowed at licensed places of business which engage in gambling. So, it isn't like people will be able to walk into a 7-11 or WaWa to place bets...though I am not sure why not since they sell lottery tickets. Don't count on online gambling since that will most likely lead to interstate & potentially international bets being placed, which is no longer regulated by the individual state.

 

[fsUTampa]

One interesting part is to see if this affects stipends allowed by NCAA institutions to "pay" players. Legalized sports gambling is an endorsement of another avenue for people to profit off student-athletes without them getting any share of the pie.

I haven't read anyone suggesting this yet (because everyone is caught up in the euphoria of the freedom), but I have to assume part of the federal/state legislation will be to continue the ban on "amateur" sports (thereby covering not only the NCAA, but high school, too) once all of this is hashed out.

 

[Nole Daddy]

Brent Musberger is in Heaven with this ruling.

 

[ReliableOstrich]

espn has continued to non-stop obsess over the gambling ruling. it's fairly clear where their interests lay.

 

[NoleMoreTears]

I haven't read anyone suggesting this yet (because everyone is caught up in the euphoria of the freedom), but I have to assume part of the federal/state legislation will be to continue the ban on "amateur" sports (thereby covering not only the NCAA, but high school, too) once all of this is hashed out.

Thanks - I think it's possible but expect the books will find some way to work around the rules. They issue point spreads and more already. If there is money to be made people will find a way but it's pretty clear we'll see the players competing for the disproportionate benefit of others.