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Good article at Sports Illustrated:
My favorite is the last line:
“If only I could bet against Congress making good decisions. If only I could do so online.”
Full article:
http://sportsillustrated.cnn.com/2006/writers/justin_doom/08/15/dooms.day/YEs – a reasonable tone and line that correctly sums up the issues – at least as they’re seen through my eyes.
Thanks for the link !!
:hithead:All these recent legal issues made me think back to a conversation i had with a sportsbook a while ago
I was hinting that they could soon be facing legal problems, and my reasoning was this
These sportsbooks operate from some remote island where everything is legit, they profit from America without giving back anything…basically, if they make their money from NFL football but give nothing to the NFL, then the NFL(or US govt as the case may be)have every right to forbid them from taking action on that league, or any other US league which is not being financially reimbursed by the sportsbooks
You are using a product which is vital to your survival, yet you don’t feel that you should have to pay anything for it
Similar to using a rss feed on your site, you throw a link back to your provider of content, because its the right thing to do, its a similar concept here, with the sportsbooks using US Pro Sports(which are close to the govt), but they are not giving anything back to them
The European books sponsor pro sports teams all across Europe, as you can see their logo plastered across a teams uniform or surrounding a stadium, this way they keep in good standing with the governing bodies that run the game, and give money back to the game
So it comes down to money
The casinos/books that play ball and share the wealth will survive, those who dont get to live in a steel cage
These casinos that many hear mention as being shady, like Golden Palace and 888.com are safest of all, and thats why they take liberties with their affiliates, because they know that, same with places like betus.com, bet365.com, and a few others i can think of, they are also safe, they play ball with the powers and do the right thing
By eliminating competing books, they increase their own power and cash flow, and a part of that cash flow goes back into the game, so the money remains in the same circle for the most part, and the govt is a part of that circle, or the paid enforcers if you will
So i dont think this is a random act, and places are being targeted at whim, this is a premeditated attack against those who dont pay their dues, but simply take money out of the country
Using the NFL as an example, up until 20 years ago, the majority of bets were taken through Vegas, and Vegas casinos threw kickbacks to the NFL and govt, the money remained in their hands and there was plenty to go around, now with the introduction of internet betting, people find it much more convenient to bet, added bonuses, reduced juice, etc, and Vegas action has become the minority
So the league, vegas, and govt feel that the money has been lifted directly out of their pockets, and when they catch someone, like BOS, they seize all their assets, because they consider the money rightfully theirs, and that is their primary goal here, to take back money that was skimmed from their action
I doubt anyone will face serious jail time, obtaining money is the objective here, and i suspect many more will fall if they aren’t careful
There is a whole team of govt goons with a hitlist just waiting for mr offshore bookie to take a bad step, its all in their computer system, so if you’re on a stopover flight in the US, they will know about it
If you take the rewards, accept the risk
