Odds Dutching At The Races

This certainly affects the odds by making the rest of the betting field profitable. Their difference lies therein: in exacta, you must specify which runner should finish first and which runner should finish second. In quinella, both runners can be interchangeable.

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Jimmy Mayon (MBA, BSEE) is a technologist with an enthusiasm for Horse Racing. During the last 25 years he has been managing banking and online transaction processing technologies for private and public sectors. Dutching calculators that perform the intricate math behind this system are often available for free from different website in the Internet; one of which can be found at http://www.premierturfclub.com. There are four different kinds of Dutch betting you can do at the PTC website, namely: win, daily double, exacta and quinella. Early daily double means placing wagers on races 1 and 2.

As of September this year, Premier Turf Club or PTC has upgraded its real-time odds Dutching system, making it easier to place wagers on your favorite runners. Rolling daily double means having your pick of runners from any of two consecutive races. The software or the recently upgraded odds Dutch calculator will do the rest for you. The Dutching bet offers the bettor a higher potential Win Frequency or WF. Today he specializes in open source development using Java, PHP, Linux, and MySQL.

The term Odds Dutching or simply Dutching was coined after a fervent horse race enthusiast named Arthur Flegenheimer who also went, for some unknown reason, with the equally puzzling moniker of Dutch Schultz. Dutch wins have, as a rule, lower profit margins on a race to race basis. You can simply check off the horses you want to include in your Dutch “set,” specify the amount of your wager and set a minimum amount as your return of investment or ROI. Exactas and quinella work with almost the same principle: you have to pick the first two finishing horses. A true Dutching wager would have to be an $8 bet on Entry # 1 and a $7 bet on Entry # 2; the return in both cases is $28. You can also have combination bets in any daily double wager. For example, you are playing Entry # 1 at 5-2 and Entry # 2 at 3-1, a Dutching chart can show you that the $2 return is $7.00 and on # 2 is $8.00. In order to win, your must pick the winning horse in each of these races. The Dutching process calculates the correct winning bet on each selection so that the return is the same if any of the bets wins. Basically, Dutching is a form of wage placing that stretches the risk of losing, by betting on more than one “runner” or horse in a race or event.

This kind of wagering strategy can pay enough dividends when bettors successfully reduce potential winners of an event to a select few; or when information about the runners not expected to perform well does not reach the other bettors. Likewise, late daily double means placing wagers on the last two races of the day. This method, however, is very popular among bettors who are interested in making money consistently and over the long haul; rather than just one win at one race at one event. . As a result, the profit on that $15 wager ($7 + $8) is $13 or roughly 86% of your initial investment.

Author’s Bio: 

Daily double entails picking the winning runner in two consecutive races

New Jersey allows sports betting

“People should book their hotel rooms in Atlantic City for the Super Bowl now because there won’t be any available in February.”

Information from ESPN.com’s David Purdum and The Associated Press is included in this report. branch of William Hill agreed to be the exclusive provider of sports betting at Monmouth Park, but is taking a wait-and-see approach.

Casino executives did not immediately respond to requests for comment on Christie’s action.

Monmouth Park, a thoroughbred track in Oceansport, New Jersey, has been outspoken that it will take the lead once sports betting became legal.

“Victory at last!” said state Sen. Like others, we recognize that legalized sports betting is inevitable, and will be a good outcome for customers, states and the sports leagues.

But those actions ran up against the 1992 Professional and Amateur Sports Protection Act, enacted by Congress to restrict betting on sports to a few states. District Court,” William Hill U.S. “The motion simply would clarify and formalize that authority and give clear guidance to casinos and racetracks waiting to open a sports pool in New Jersey.”

His action, through the state attorney general’s office, is likely to be challenged by the professional and collegiate sports leagues that fought New Jersey’s efforts to overturn a ban on sports betting in all but four states. Supreme Court declined to hear New Jersey’s appeal in June, saying, “You know, that’s the way it goes.”

The park built a sports bar last year that was designed to be transformed into a sports book quickly if sports betting were legalized.

The NFL had no comment when reached by ESPN.com. Rachel Ryan, a spokeswoman for the Meadowlands Racetrack said Monday that the track has no plans to offer sports betting now.

“We are reviewing the Attorney General’s directive and the motion filed in U.S. Chris Christie’s administration issued a directive Monday allowing the state’s casinos and racetracks to offer sports betting, a move likely to be challenged in court by sports leagues.

N.J. New Jersey missed a 1991 deadline in the law that would have allowed sports betting in Atlantic City.

The move is a turnaround for Christie, who initially seemed resigned to defeat once the U.S. That effort ended with the U.S. Other leagues and the NCAA did not immediately return messages Monday.

He said he does not expect sports betting to begin until a court rules that it is legal.

ATLANTIC CITY, N.J. Jennifer Beck, a Republican who represents the area where Monmouth Park resides, said Monday that she would like to see the track begin taking bets as soon as this upcoming weekend, but wants to see the reaction from the sports leagues.

“That to some degree will dictate how the race tracks and casinos move forward,” Beck told ESPN.

“Based on the arguments of the sports leagues and the United States Department of Justice, the 3rd Circuit has already ruled that New Jersey can carry out sports wagering as described in today’s statewide directive,” the governor’s office wrote in a statement. State Sen. The seaside resort has already lost three of the 12 casinos with which it began this year, and a fourth one is due to shut its doors next week; about 8,000 casino workers will have lost their jobs since January.. CEO Joe Asher said in a statement. Christie said at the time disagreed with the court decision but feels the law is “sacrosanct.”

The professional football, baseball, basketball and hockey leagues, as well as the National Collegiate Athletic Association, all opposed New Jersey’s effort to legalize sports betting, saying it could give the appearance that the integrity of the games has been compromised.

Lesniak said he expects the leagues to challenge the move, but predicted: “They don’t have any arguments left to make. Nevada has allowed betting on sports for more than 60 years, and Delaware, Montana and Oregon have at times permitted more limited betting. Bets wouldn’t have been taken on games involving New Jersey colleges or college games played in the state.

The governor says sports betting is legal under previous federal rulings as long as wagers don’t involve a collegiate game played in New Jersey or a New Jersey college team elsewhere in the country.

The move came hours before Christie was to convene a closed-door summit on the future of Atlantic City. Raymond Lesniak, one of the legislature’s strongest supporters of sports betting.

The governor said he took his cue from previous federal court rulings that found that nothing in New Jersey law prohibits the casinos and horse racing tracks from offering sports betting.

Voters in New Jersey overwhelmingly endorsed legal sports betting in a nonbinding referendum in 2011. Supreme Court declining to hear the case.

Dennis Drazin, an attorney and adviser to the New Jersey Thoroughbred Horseman and Monmouth Park, told ESPN in early September that he believes the track could have an operating sports book within three weeks after legalization.

A month ago, Christie vetoed a bill that would have pushed New Jersey to circumvent the federal ban on gambling on professional and college sports. In light of our significant investment at Monmouth Park, we are happy that it appears racetracks and casinos in New Jersey will be taking sports bets sooner rather than later.”

In addition to the directive, Christie also had the state file a motion in federal court asking a judge to clarify or modify a February 2013 ruling that blocks a licensing program New Jersey had passed for sports betting in the state.

The U.S. “Obviously, this is a significant development. This is all over but the shouting.”

Christie suggested casinos and tracks could start offering betting immediately, but it’s not clear that will happen. — Gov. State lawmakers soon enacted a law to allow for betting at tracks and in casinos

Boys Who Want to Read Like Middle Schoolers

Easy reading for middle school interests, this nine-book series even earns high reviews from other parents of struggling readers.

The Diary of a Wimpy Kid series does not necessarily fall under the graphic novel category, but its illustrated format does not automatically categorize it with regular novels. Characters deal with middle school topics but the reading level is lower, around fourth grade.

Visual readers who enjoy comics are likely fans of graphic novels. This books with a second grade readability is still popular up to fifth grade.

. Krosoczka created The Lunch Lady and the Cyborg Substitute and has a complete series. Jarrett J. These full-length novels are complete stories that are illustrated in which the pictures are important to the telling of the story.

Superhero comics such as Marvel Comics have created hardcover stories to read out to this kind of audience.

The Bone series by Jeff Smith is another example of graphic novel that entice struggling readers who want to read within their interest level. The same is true for James Patterson’s Middle School or I Funny series. It is still an enjoyable read, especially for middle schoolers who can relate to the main character Greg Heffley’s adjustment to school or anyone who wants a fun perspective of school and family life. Other superheros have come in other forms, such as the lunch ladies behind the cafeteria counter

Casino-Gaming :: What Percentage Of Races Does The Favorite Horse Win?

And do not forget, the horse still has a chance of winning too. Often the odds on the horse most likely to win is poor.

Thus, the question asked is if you should bet on the horse most likely to win? Sometimes the answer to this is “no”. Of course, this is providing that you placed a place or show bet. However, let us say that the race has just six runners, then you have a 1 in 6 chance of winning. The reason being that the odds are often better than the favorite winning the race. If the odds are less than 4/1, then I suggest passing such a horse race.

In order to win a horse race, you might want to predict the winner by using statistical calculations instead. Thus, you can see that the fewer the runners there are, the better your chances of winning. However, bookmakers/tracks usually only offer poor odds if you bet place or show on such a horse. In this case a favorite will place almost 100% of the time.

As one can see, it often is better to bet on a horse you think is going to place. Therefore, it is statistically speaking, a bad race to bet on. Thus, place your bet around 20 minutes to race time.

Why does the horse predicted to place actually wins so many races? Maybe because the favorite usually only wins 1 in 3 races. The key point: is stay away from horse races where there are lots of runners!. I suggest that you choose horse races with nine runners and 1/4 odds on the first three, or six runners with 1/4 odds on the first two. In 2 out of 3 races some other horse wins.

As a general rule, the favorite will win about 1/3 of the time, but what is amazing is how often the favorite will place, especially when less than half of the field is 5-1 or lower. Of course, if you placed a win bet and the horse does win, then you will come away with lots of money. Remember, that your horse only has to come in the first three in a six or nine horse race for you to come away with a profit. Thus, I suggest that you limit yourself to horse races with either 6 or 9 horses running to have the best chance of winning.

In a race with only six horses running, you have a 1 in 6 chance of picking a winner. You really need odds of at least 4/1 to win anything if the horse that you bet on places second or third. For this reason, I do not always place my money on the horse that is predicted to win. In a race with 20 runners you have a 1 in 20 chance of picking the winner. If the horses just below the favorite have better odds, such as 4/1, 5/1 or better; then place your bet on those horses. Look at the odds being offered and if they are better on the second or third horse, then go for it.

In my opinion, the secret of winning on the horses is to look at the statistics. Remember, when you use this system, you are making your predictions on the odds

How To Master Sports Betting

Anything less than this and it is going to be a disaster. This means that when you place your bets you need to be thinking clearly and concisely. Information and doing your homework is important, but you don’t want to full into the trap of information overload. It’s all about accumulating winnings. You can’t let the highs and lows affect you too much.

Because of this point, it is probably better if you steer clear from any matches involving the teams that you like. Hopefully this kind of thinking will keep you grounded. Also look into how sides perform the week after doing certain travel. You don’t want to lose money just because you weren’t on top of your game.

The most important thing is that you need to take emotion out of the equation. It could provide great insight as to predicting what will occur.

Sports betting is an easy way to make a tough living. Over time, you will learn what it should be that you should be paying attention to.

In the case of team sports, injuries are important. So do yourself a favor and swear off them. It is only going to place you in a difficult position and as much as you might think it won’t be, your decision making ability is going to be compromised. You will be better off for doing so in the long run.. On the flip side, you shouldn’t bet against a team because someone you don’t like roots for that team. What is the point of drowning yourself in statistics and research for what you could just as easily decided with a flip of the coin? So you need to sift through it all and just take the morsels here and there which are really important and make a difference. You shouldn’t favor a team because they are the team your best friend supports. Thus when you are doing well, you will still be focused and when you aren’t doing so well you won’t be thinking that it’s the end of the world. If you are going to do it you need to do it properly and master it, it means you are completely organized and focused. So if you suffer a bad break along the way, just remember it goes with the territory. You want to know who trained and who didn’t. Business is business and you need to be concentrating on who is going to win regardless of who likes and who doesn’t like which team.

Look for value bets. It doesn’t matter if it is pretty or not.

Speaking of the long run, this is what you should be focused on. Upsets are always going to happen but see when it makes the most sense when to go for that and when not to. For instance, if you are pretty certain that a side is going to win and they are getting good odds for this than take this. The weather conditions also make a difference as they do in horse racing. Travel is a factor such as when East Coast sides travel to the West Coast and vice versa

Articles on Self Improvement And Motivation

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Use These Effective Time Management Strategies

If you desire to have good time management then you need to have a strategy or an action plan.

Book on the Law of Attraction and Coaching

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My 5 Proven Self Improvement Steps on How to “Live Your DREAM Life!”

Before I get into this, it’s important that you simply perceive what self help, personal development and self improvement, actually mean? In a nut shell, it’s exactly what it says on the tin, anythin…

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Self Improvement And Motivation

Seven Self Improvement Tips That Will Make A Difference

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A way to Get Better Results From Your Self Improvement Efforts

Reading a book is additionally self improvement and private development or to be more precise, reading the book alone is not very self improvement, however reading the book, and applying what you lea…

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Hypnotherapy: Can It Be Used To Treat Alcoholism?

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Positive Thinking And Its Effect On Your Health

The first situation to consider is the relationship between thoughts and conditions like depression and stress. For many people, there’s a driv…

Author: Awarenessinstitute

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Learn Ramana Maharshi’s Meditation Technique for Enlightenment

Self inquiry is one of the most powerful and effective meditation techniques used by thousands of people all over the world. obviously the best book o…

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Keeping it Simple

Over the past few months, the concepts of stripping back the superfluous, simplifying and pulling apart the true meaning of integrity have been strong personal themes. Until today, it has evolved over the generations and has been used to treat a variety of i…

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The Numerous Benefits of Time Management Skills

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How To Bet at the Horse Track

If you go to the race track it is likely they will offer 5 & 10 cent bets on more exotic wagers. If you bet the smallest amount allowed ($2) your payout will only be $4. At most racetracks they make the ‘place’ & ‘show’ bets visible on the scoreboards. Very few dedicated professionals throughout the country can count on handicapping horse races as a source of income.

Place

If you are at the off-track betting facility then you will also need to indicate the location (which horse track) of the race.

Show

To make a ‘win’ bet at the track you’ll need to give the teller this information: race number, horse number, type of bet, amount of bet. Win bets will be worth the risk if the odds are a little higher.

A day at the horse track is a great time. You can have fun betting at the off-track facilities, especially if you go with a group. This bet won’t pay much unless your horse has long odds. Like the ‘place’ bet, you need to make sure the odds you get are specifically for a show bet. Most prefer to make this bet for horses they don’t totally trust.

A day at the track is a ton of fun. For the risk, that’s really not much of a payout. Knowing how to bet properly makes a day at the track even better. If you are going to place a ‘win’ bet I highly recommend you check the odds to make sure the payout will be worth the risk. For instance, if you choose the favorite to win and the horses odds are 2-1 that means you will get $2 or every $1 you bet. For example: “For race 3 I want to bet $2 on horse number 7 to win.”

Win

The ‘win’ bet is simply that: a bet to call the winner of the race. When I use the ‘place’ bet, it’s typically for horses with longer odds.

Basic Bets

Also, betting on horse races is only meant to be recreational. You will only win this bet if your horse places first in the race. If you fully understand these three basic bets you’ll be prepared. Good luck!

Tips & Warnings

Remember to begin betting with small amounts of money to help get an idea of the odds, payouts and chances of winning.

When you make a ‘place’ bet you are predicting the chosen horse to come in either first or second place. However, I highly recommend visiting your nearest horse track since the live experience is unmatched in it’s excitement.. The following will outline the most basic bets you can make at the track.

Things You Will Need

Most off-track betting facilities offer $2 dollar straight bets. Again, this bet will not pay much when the odds are too good.

Making a ‘show’ bet means you are predicting the chosen horse to come in either first, second or third. It’s important to remember that odds given are mostly for ‘win’ bets. If your chosen horse has 7-1 odds and you make a ‘place’ bet you will not get 7-1 odds if you win

Lead Weights in Sports Racing

Under the weight for age scale the amount of lead weight the horse carries is determine by the horse’s age, its sex, the race distance and the month.

As a result of the handicapping, races become much less predicable and much more interesting. The handicappers can add additional interest by setting up races between horses with similar paces styles.

Conclusion

Lead weight plays an important part in many sports races, but not always for the same reasons.

In addition to the weight of the jockey and the saddle, the horse carries a defined amount of lead weights in the saddle bags. High traction race-tracks will obviously need less weight at the rear, but the track conditions will vary on several factors including the weather, and time into the race. While the rules require cars meet a minimum weight to be allowed to race, this is actually a secondary factor in most cases.

In order for the racing to move, the engine needs to produce enough power and the tires have to generate enough traction.

Lead is a dense a relatively inexpensive metal. However, predicting a winner of a race is relatively easy based on the maturity of the horse and its past performance, so in order maintain a competitive betting experience many horse races are handicapped. As the race progresses the car will burn fuel so will become lighter. Lead weights have a myriad number of uses in all industry and human activity. If there rear weight is high then the handling will improve as the race goes on but the car will not be as fast in the early laps due to the increased weight. As the car drives into the corners, the weight will tend to transfer onto the outer tires having weight on the sides of the car will tend to keep traction on the inside wheels.

One other weight factor that needs to be considered is fuel weight. As a result, in 1855 the weight for age scale was introduced by the then steward of the Jockey Club, Henry John Rous. In sports, lead weights are used most often horse racing and car racing.

While the object of any race is to win, lead weights are used to different purpose in horse racing and car racing. Horses are fully mature by the age of three, without the impost a mature horse will always win a race with a younger horse, especially over a longer course. Lead weights need to be carefully placed in several parts of the chassis for example:

o Rear placed weights are important for traction; the amount of weight is determined by the race track conditions. Nuclead offers lead weights for sprts racing, x-ray rooms, lead flashing, lead bricks, lead alloy pours & sheets, lead based alloys, lead bar stock, lead bullets, extrusions, lead weights, ingots & other lead products.

The most important factor that that determines the amount of lead weight added to the saddle bag is the maturity of the horse. Depending on the length of the race and track conditions decisions need to be made regarding the percentage of weight at the rear. This lead weight is called the “impost” and is assigned by the racing authorities based on several factors.

The most important factor in the popularity of horse racing (the sport of kings), is the betting on the result. So it is key to understand how the race track will change.

Lead weights are used to handicap horse races, to make the race more competitive.

Lead Weights for handicapping horse races

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Nuclead can supply lead weights for all applications. In horse racing the lead weights are used to ensure a more completive leas predictable race, while in car racing the added lead weight is used fine tune the performance of the car to increase an individual’s chance of winning.

Nuclead has available lead weights for all applications, up to 40,000 lbs in many configurations.

Lead weights for racing car traction and handling

In racing cars lead weights are used to help control the cars traction and handling. Weights are typically placed higher than rear weights in order to increase front roll and subsequently front tire traction.

o Side weight is important for handling in the corners. . It is important to be able to predict how the race track will change over the race and adjust the lead weight accordingly.

o Front placed lead weights are important for steering and handling. Betting can take place based on how well the horse is performing, and factors such as the horses “pace” (defined as how the horse runs a race front runner, closer etc.), how well the horse looks in the paddock and the skill of the jockey. The more weight the more of both are needed.

A well constructed race car will need to add weight to meet the rules, but the placement of the added weight can make a significant difference to how the car performs on the track

5 myths of sports betting legalization

Some are based on a time frame, while others are based on going over agreed-upon limits. There are going to be a lot of hands in the cookie jar. There are no credit checks or margin calls until it is time for me to pay. This mirrors a similar concern that some had 25 years ago when Indian and commercial casinos began sprouting up all over the U.S.

This is the easiest myth to dispel. When I lose this money, it’s gone, and I can’t bet until I put more money on deposit. The two biggest reasons people bet with bookies (beyond the lack of alternatives) are the convenience and the line of credit. In addition, customers are far more inclined to place a wager when they don’t have to put any money down.

Mr. Say I set up an account with Legal Sportsbook A. First off, the government will only legalize if it is going to get significant revenue. 5: It will create greater risk for game fixing

While it seems that the question of legalizing sports betting presently is more of an if than a when, there remains a great deal of uncertainty regarding what it would look like. 1: It will result in large revenue for the leagues

There is simply no way the leagues could ask for a percentage piece of gambling revenue, as this would result in a huge conflict of interest. Whyte, executive director of the NCPG, told my ESPN colleague David Purdum.

Myth No. This is the type of financial recklessness associated with problem gambling.

Those betting with bookies have predetermined settlement terms. In the past two decades, although total revenue has risen, percentage of revenue from gambling has decreased from close to 60 percent to last year’s 38 percent. These days, most bookies provide both a phone number and website where bets can be made. Purdum, an expert on the subject, has been vocal in his belief that online sports gambling will need to be a big part of the new legalization plan, and I share his belief, as betting on a phone and computer is simply much more convenient than driving to a brick-and-mortar sports book and making a wager. This is not how most bookies work. But let’s say I have a bad losing streak and end up down more than $1,000. The U.S. bookmaking powerhouse William Hill has already set up an operation in New Jersey, and MGM CEO Jim Murren has said his company is interested in expansion.

When I think about the best way to legalize sports gambling from a logistical standpoint, I get a headache. District Court Judge Mary Ann Medler ruled in favor of CBC, stating that “statistics are part of the public domain and can be used at no cost by fantasy companies.” One would infer that the same would apply to legal bookmaking operations.

Since bookies will not have to pay taxes or licensing fees, they will be able to offer better margins or incentives to their customers. Legalized sports betting would elevate these now somewhat esoteric notions into the mainstream conversation about sports. U.S. This credit relationship will be hard for many gamblers to give up.

Myth No. Vegas has had to reinvent itself as a place that is about more than just gambling. However, there are certainly some myths that I believe can be dispelled.

And I have heard some mention licensing fees for data, but haven’t we already covered that in lawsuits against both the NBA and Major League Baseball Advanced Media (MLBAM)? In both cases, statistics and data were ruled to be public, not a private asset for which the leagues could charge a license fee.

I see the same trend happening if sports betting gets legalized in the U.S. In the latter case, I set up a credit arrangement with Illegal Book B and we agree that I will pay every time I go over $1,000.

Here’s an example. Are fewer people gambling because they can do it in their home state?. Yes, trademark images and logos would be a different story, so I could see the leagues getting marketing deals, but I don’t see that as a huge windfall for the leagues.

Las Vegas sports book operators are already looking to expand to other states. 4: It will damage the sports betting business in Las Vegas

Here are the top five myths about legalizing sports betting and why they’re wrong:

Furthermore, once sports betting becomes legal the negative stigma behind it will eventually disappear, which will make it a bit easier for problem gamblers to ask for help. In fact, there’s an argument that exposing more people to sports gambling in their native states will make the general concept of sports gambling more approachable, ultimately leading to a larger overall percentage of sports fans-turned-gamblers.

Those who believe this simply don’t understand how sports betting with a bookie works. 3: It will put local illegal bookies out of business

The thought process here is that with legalized sports betting available locally, there will be less interest in making the trek to Sin City to wager on sports. Many bookies will allow me to get more credit and continue to gamble. How will it be regulated? How involved will the government be? Will it be federal enforcement or on a state level?

Silver echoed this sentiment when discussing his personal revelation in an exclusive interview with ESPN. (It’s common for bookies to offer rebates to their big customers.) This will be difficult for legal bookmakers to compete with.

Myth No.

“One of the things that makes sports betting so interesting is that it is probably by far the most widely participated in form of illegal gambling. The experience of going to Vegas is becoming less and less about putting down a sports bet and more and more about the experience of everything else. John McCain (R-Ariz.) also recently said that Congress needs to hold hearings to discuss legalizing sports betting.

There are a lot of unanswered questions regarding legalization of sports gambling in the U.S., and it will be fascinating to watch how it unfolds in the next few years. If it’s legalized, there will be huge changes, but some assumptions are simply off.

Until many of these questions are answered, it will be difficult to draw any hard conclusions about the ramifications of legalized sports gambling in the U.S. I am concerned that the overall pie, even with online gambling, may not be large enough for the leagues to make the money they are hoping for.

I understand the argument that legalized sports betting could expose more people to gambling and the increased ease and access will create more problem gamblers, but I simply don’t buy it. Maybe more so.

Myth No. Concerts, shows, high-end nightclubs and restaurants draw people to Vegas as much as the gambling does. “The Donaghy controversy also made me aware how important it is that we have a way of monitoring irregular activity on our games,” Silver said. 2: It will create more “problem gamblers”

The National Council on Problem Gamblers has found that problem gamblers are most often involved in illegal gambling, so moving toward a model where more gamblers are doing it legally can only help.

In that time span, we all know that Vegas has flourished. This year, it is on pace to welcome a record 40 million visitors. Illegal sports betting has some characteristics that can lead to problem gambling more than legal betting would.

Myth No. Since sports gambling is currently something that happens in the shadows, problem gamblers are likely to hide in that shadow until it is too late.

In addition, game fixing would be easier in a world where fewer people track or are even aware of things like point spreads and over/under bets. Illegal gambling is one of the factors that’s associated with gambling addiction,” Keith S. operation for the U.K. In order to grow the pie large enough, these conveniences must be provided to gamblers. In addition, asking for a percentage based on the overall handle (total amount wagered) will cut into the margin of the sports books too significantly.

The topic of federal legalization of sports betting has been brought up before, but it has gained steam since Adam Silver’s November New York Times op-ed and after Silver’s cover story in ESPN The Magazine’s Gambling Issue. I will likely have to put money on deposit to do so. “But for the FBI knocking on our door and notifying us about Donaghy’s betting, none of the systems that we then had in place had captured any betting by Tim Donaghy.”

Once games happen, the stats are public domain. Those who believe that legalized sports betting will lead to more risk of game fixing simply don’t understand why games are fixed. Second, operators will need to run a cost-effective business, which may prove difficult if there are a lot of other hands to feed besides the government.

The real value for them will be potential marketing dollars and increased fan engagement, not licensing fees for data or direct revenue from wagering.

In the most relevant case, CBC, the parent company of CDM Sports, a fantasy provider, sued MLBAM after being denied a new fantasy sports license. Sen. It’s a pretty reasonable assumption that it’s easier to fix a game in an environment where most of the money wagered is impossible to discover or track by the government. If something shady were to occur in a game around a betting proposition, raised awareness by the public about gambling in general would help highlight any improprieties before, during and after the match.

At any rate, I really don’t see legalized sports betting in other states having a big impact on the sports betting business in Vegas.

My answer is a solid maybe