Derby Trail Forums

Derby Trail Forums (http://www.derbytrail.com/forums/index.php)
-   The Paddock (http://www.derbytrail.com/forums/forumdisplay.php?f=2)
-   -   NJ Sports Betting: Six years later, it’s official in New Jersey (http://www.derbytrail.com/forums/showthread.php?t=53879)

freddymo 09-09-2014 09:59 AM

PER Mr Drazen on Steve's Informative show that I listen to daily. The court is scheduled to convene on the issue 10/6. I remain hopeful yet dubious is that date is remotely close to the start of betting at MP

MaTH716 09-09-2014 09:59 AM

Quote:

Originally Posted by declansharbor (Post 997675)
Credit - the reason why illegal sportsbooks will never go out of business.

Why pay the Borgata $330 to win $300 when you can keep the money in your wallet and bet it with Bruno the Bookie?

It will be successful, and am looking forward to my next trip to AC to see what platform they'll have.

Exactly, but you got to think that if NJ or the US government is going to go into the gambling business, that there are going to be wide scale crackdowns on the illegal competition.

3kings 09-09-2014 10:05 AM

Quote:

Originally Posted by declansharbor (Post 997675)
Credit - the reason why illegal sportsbooks will never go out of business.

Why pay the Borgata $330 to win $300 when you can keep the money in your wallet and bet it with Bruno the Bookie?

It will be successful, and am looking forward to my next trip to AC to see what platform they'll have.

You are right about the credit but a lot of people would prefer to bet legally. By this I mean many working adults don't have time to go meet "the man" every week or two. I stopped betting on sports because it was to much of an inconvenience to be more than an occasional player.

declansharbor 09-09-2014 10:28 AM

Quote:

Originally Posted by MaTH716 (Post 997684)
Exactly, but you got to think that if NJ or the US government is going to go into the gambling business, that there are going to be wide scale crackdowns on the illegal competition.

Without a doubt. If Rick Tocchet still had his gambling ring going, he'd definitely be feeling the pinch. Good point.

Quote:

Originally Posted by 3kings (Post 997686)
You are right about the credit but a lot of people would prefer to bet legally. By this I mean many working adults don't have time to go meet "the man" every week or two. I stopped betting on sports because it was to much of an inconvenience to be more than an occasional player.

My bookie has one of those virtual casino sites and just gives out different accounts. Scary proposition for the impulse gambler, as you can bet on just about anything. He lives in Drexel Hill which is about 40 minutes from my home, so we've set it up so that whoever is UP for the two week period has to meet the other person at a location convenient to them. Has been working out smoothly so far, and I'm loving the fact that I'm the one making most of the trips. :D .........but we all know how easily that can change.

joeydb 09-09-2014 10:30 AM

Quote:

Originally Posted by declansharbor (Post 997675)
Credit - the reason why illegal sportsbooks will never go out of business.

Why pay the Borgata $330 to win $300 when you can keep the money in your wallet and bet it with Bruno the Bookie?

It will be successful, and am looking forward to my next trip to AC to see what platform they'll have.

Because if I pay Borgata and lose, nobody is coming to break my arm.

Anything that helps the tracks and the sport I am in favor of.

But, I do not understand why anyone would risk $330 to win $300 anyway. Talk about a permanent "chalk" situation. Less than even money in 3 hours, if you win. Yay. :confused:

declansharbor 09-09-2014 10:37 AM

Quote:

Originally Posted by joeydb (Post 997692)
Because if I pay Borgata and lose, nobody is coming to break my arm.

Anything that helps the tracks and the sport I am in favor of.

But, I do not understand why anyone would risk $330 to win $300 anyway. Talk about a permanent "chalk" situation. Less than even money in 3 hours, if you win. Yay. :confused:

Bookies only break arms as a last resort. Don't make the wager if you don't have the coin to pay the man. That simple.

A lot of young kids that don't get paid until friday are dead broke on thursday night. How are they to make the bet on Thursday Night Football? That's where Bruno the Bookie comes into play.

jms62 09-09-2014 10:43 AM

Quote:

Originally Posted by joeydb (Post 997692)
Because if I pay Borgata and lose, nobody is coming to break my arm.

Anything that helps the tracks and the sport I am in favor of.

But, I do not understand why anyone would risk $330 to win $300 anyway. Talk about a permanent "chalk" situation. Less than even money in 3 hours, if you win. Yay. :confused:

You obviously never bet football but I agree with you. Really hard to profit when you need to win 55% of the time to break even

joeydb 09-09-2014 01:09 PM

Quote:

Originally Posted by declansharbor (Post 997694)
Bookies only break arms as a last resort. Don't make the wager if you don't have the coin to pay the man. That simple.

A lot of young kids that don't get paid until friday are dead broke on thursday night. How are they to make the bet on Thursday Night Football? That's where Bruno the Bookie comes into play.

OK, but if you skip just one week, you'll always have the money to make bets for the rest of the season, as long as you keep working...

10 pnt move up 09-10-2014 09:34 AM

Quote:

Originally Posted by jms62 (Post 997696)
You obviously never bet football but I agree with you. Really hard to profit when you need to win 55% of the time to break even

Thats why I tend to bet the money lines and look for overlays.

Understanding how the lines work go a long ways, people think because a team is favored it means that Vegas thinks that team is going to win, which in a lot of ways it does but the goal of every line would be to have 50/50 money distribution between the teams, sharp players may say the game is a pick em yet one team could be -2 on the board because money has been come coming in on one team. This is obvious stuff I know but may not be to everyone.

blackthroatedwind 09-10-2014 10:00 AM

Quote:

Originally Posted by jms62 (Post 997696)
You obviously never bet football but I agree with you. Really hard to profit when you need to win 55% of the time to break even

It's around 52.7%.

jms62 09-10-2014 10:14 AM

Quote:

Originally Posted by blackthroatedwind (Post 997746)
It's around 52.7%.

I stand corrected

http://casinogambling.about.com/od/r...ortsprofit.htm

knickslions2 09-10-2014 10:29 AM

Sports gambling is the hardest thing to win at and the biggest sucker bet. That's what makes betting horses so nice. Small risk big reward. As for betting football. You need to hit a whole bunch of games to make any cash.

Kasept 10-21-2014 11:35 AM

N.J. sports betting Q&A: How can you place a bet? What are the restrictions?

http://www.nj.com/politics/index.ssf...trictions.html

asudevil 10-21-2014 12:33 PM

Feds are going to destroy this...

LoneStarHorse 10-21-2014 12:39 PM

FEDS will NOT be able to stop this... It's just like selling weed in Colorado & Washington.

Once Jersey gets it right, watch a few more states jump in.

Kasept 10-21-2014 01:24 PM

Quote:

Originally Posted by asudevil (Post 1002917)
Feds are going to destroy this...

Why should they? Aren't there much bigger concerns out there? Not to mention that there isn't an Attorney General to direct any action. Dennis Drazin is very confident they'll get a run at it and I hope he's right.

10 pnt move up 10-21-2014 03:14 PM

Quote:

Originally Posted by LoneStarHorse (Post 1002918)
FEDS will NOT be able to stop this... It's just like selling weed in Colorado & Washington.

Once Jersey gets it right, watch a few more states jump in.

They may try and I am sure some judge somewhere will give them an injunction but I dont see how long term this does not happen in just about every state.

asudevil 10-21-2014 07:07 PM

http://espn.go.com/espn/chalk/story/...sports-betting

jms62 10-21-2014 08:15 PM

Quote:

Originally Posted by asudevil (Post 1002931)

How can the leagues prove irreparably harm if NJ gets sports betting when Vegas has had it for decades? Only way this happens is if a judge is bought.

Kasept 10-22-2014 06:46 AM

http://www.njbiz.com/article/2014102...sports-betting


All times are GMT -5. The time now is 01:23 AM.

Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.