NJ Sports Betting: Six years later, it’s official in New Jersey
 

http://www.drf.com/news/new-jersey-s...aw-struck-down

A federal judge late on Thursday upheld a challenge to a law authorizing sports betting in New Jersey, siding with a handful of professional sports leagues that said the law violated a federal ban on the practice.

The ruling, by U.S. District Court Judge Michael Shipp, is a setback to the state’s racetracks, which would have been allowed to offer sports betting along with the state’s casinos if the law was upheld. New Jersey is expected to appeal the decision, with the support of Gov. Chris Christie.

Predictable.

Yes!!!!!!

Not really a surprise.

Monmouth update
 

Relieing on legalized sports betting for the future.

http://www.wordontheshore.com/monmou...-soon-cms-2866

I hope Monmouth realizes what they are getting into. There's quite a few bettors who may just go to sports and not return to racing.

So I had a derby party and missed the super by a nose when Wicked Strong nosed the Rat. Most of my non racing friends were shocked that a Super bet could pay 8000 dollars for a modest bet. racing needs to focus on the fact racing provides the big scores and winning 8K betting sports at 110 to win 100 is so much more difficult.

I gave a guy I know (an acquaintance, more of a friend of a friend) a 5 horse exacta box which he played for a buck (30.00 outlayed) and came back 170.00

The guy is a sports bettor who has never showed an interest in the track. Absolutely floored that he made 5x his investment- And called me this week to find out if I was playing this weekend - Wants to learn how to handicap horses.

Agree completely - A sports bettor that gets a taste of a big payout will at least show an interest in wanting to learn more -

So true. Sorry about the near miss - you still did great handicapping to get that close.

I say the same thing - I have no interest in a less than 1:1 odds return.

When friends of mine want to make a bet (on some other matter) - the sports bettors always say "straight up?"

I reply "I am a horseplayer - you've got to give me odds."

new william hill / monmouth article with new bar photo

http://www.theracingbiz.com/2014/05/...-parks-future/

i think the meadowlands is working well and monmouth should follow suit. other ways and venues are needed for revenue to sustain these tracks. the slots will come one day. just a matter of time.

He'll like it until he sees some of the weekday cards at a track like GG. Sports betting looks pretty good when you see small fields and a big takeout.

Christie comes through on Sports Betting; Monmouth, Freehold, ACRC, Meadowlands, Casinos OK'd to take action..

http://www.nydailynews.com/news/nati...2168?cid=bitly

ATLANTIC CITY, N.J. — New Jersey Gov. Chris Christie issued a directive Monday allowing his state's casinos and racetracks to offer sports betting without fear of criminal or civil liability.

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.

His action is likely to be challenged in court 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. That effort ended with the U.S. Supreme Court declining to hear the case.

ASBURY PARK PRESS: http://www.app.com/story/news/politi...ting/15290363/

Pretty sickening reading this thread and then noticing all of the casino shutdowns since this was posted.

Maybe they can find a buyer for Revel.

What are the chances we actually see sports betting in NJ before Congress repeals laws that forbid it? Seems to me just a bunch of hot air

Its coming...we had this discussion earlier where people said it would never happen.

The states are running out of money yet still are increasing their spending so here is easy money for the states....

they are legalizing drugs now, why would anyone care about betting on sports?

also I saw Adam Silver basically embracing sports betting as helpful to the NBA, he would not say that without some inkling as to what is going to happen.

:tro:

Apparently on 10/6 there is a court date which will of course be postponed and delayed as those interests ice the puck.

Hope I am wrong and yes everyone including me wants to see it come to fruition but Delaware was done this road years ago and we were all sure they would be booking bets..

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.

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

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.

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.

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

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.

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.

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

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...

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.

It's around 52.7%.

I stand corrected

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

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.

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

Feds are going to destroy this...

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.

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.

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.

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.