The University of Iowa has a legal betting system where you can bet on elections. Why couldn't someone set up an exchange to bet on sports? Everyone pays an annual membership fee for site maintenance, and there is no vig. You can only bet against people that are willing to take the other side of your bet. Why wouldn't this work? It's legal to bet against other people, the only thing that makes booking illegal is the vig. Thoughts?
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If legal I think it's an astounding idea. Only issue is who are executives that hold the funds in escrow. Obviously this could not be a credit type situation.Comment -
I think your problem is that even if it is legal now state legislators/prolly the feds will move in to make it illegal before you can make any real money off of itComment -
dont think making money is alberts mindset. It's a vig free marketplaceOriginally posted by uvarunthetableComment -
I agree 100%. Some of the best moments of my freaking life have been playing on matchbook and betmaker.ag ! Don't let the naysayers fool you ! The stuff was beyond wonderful for those who never played at those places between 2009 and 2013 ! Unreal fun and you had a chance to be creative !!!! Creativity is the key !! I want to start an exchange badly ! Even thought about going to Costa Rica to do it.Comment -
because the same people who booted pinny, matchy etc from the US would shut something like that down in 2 seconds
Congressman Bob Goodlatte would make sure of it, Jon Kyl types, Bill Frist types, etc etcComment -
Don't believe that for a second ! Betmaker.ag was up until February 2013. That was well after thouse knuckleheads spewed there nonsense. There is without a doubt a market for people who want an exchange and if did right could be a gold mine.Comment -
This is a great idea. Just get pole smokers, immigrants here illegally, and single moms to want it to happen and it'll be legal in no time!Originally posted by Albert PujolsComment -
the technology is here for it. in due time we will see it. this video may seem like its about bitcoin, but its not, so dont turn it off right away.
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Quite simply there is no way that it would be legal.Comment -
a gold mine? Matchbook exists right now. Why aren't they serving US customers? They don't like gold?Originally posted by wintericeComment -
Same reason that Pinnacle doesn't.Originally posted by CarpeDime
The owners/operators would be thrown behind bars should they ever set foot in the "Land Of The Free"Comment -
They make a profit. I'm simply talking about a facilitator to link up people that have opposite opinions and don't take a cut or charge vig. It's already 100% legal to bet on elections. That's not even legal in Vegas sportsbooks. What would be illegal about it? Nobody is making any vig or commission.Originally posted by CarpeDimeComment -
Far be it for me to claim to be an expert on US law but as I understand it the issue is "conducting a book", or similar terminology. I don't think the profit element is any part of the equation?Originally posted by Albert PujolsComment -
We had exchanges available to USA players for years and they failed miserably
Liquidity issues
ExChange betting is more of European United Kingdom/Asia form of betting
The only exchange betting that's been successful in the United States are financial instrumentsComment -
This.Originally posted by jjgold
Gamblers love giving vig in here in the Ole's USA!Comment -
USA are simple bettors they want to just back either side pointspread basically -110
Over under -110
ParlayComment -
F that shit, I play to win. Someone get on this and make it happen, or I just might.Originally posted by jjgoldComment -
Where was all this when betmaker was out....I couldn't match a bet even if the bet was $20. NOW....y'all want to do exchanges now..lmaooooooComment -
It's just habit for most. I loved Matchbook, and Mansion was even better for the short time it was available in 2006. A lot of degenerates were just intimated by the software and probably not smart enough to know that -102 is better than -110.Originally posted by Darkside MagickComment -
I agree..technology scare loser gamblers...Originally posted by Albert PujolsComment -
It just wouldn't work not enough Americans know enough about exchangesComment -
B/c America does not want to fix the economy.
Liberals want to make sure this country stays in the sewer.Comment -
You couldn't match a bet cuz people like me beat you to the punch ! The quicker you are the more money you make. Made a ton of money on betmaker.ag and have the screen shots to prove it.Comment -
They did not fail miserably ! Basically bookmaker never advertised betmaker.ag and they only had like 3 people running the show for the exchange (Brian, some lady who answered the phones, and some other guy who was behind the scenes . Anotherwards bookmaker didn't really try to their fullest potential to make betmaker what it could have been. Also matchbook did not fail in the USA. When matchbook left the US market initially they struggled because they had a good number of US residents as their customers !!!! So saying exchanges failed miserably is a lot of nonsense !!!!!!!!!!Originally posted by jjgoldComment -
love the point---land of the free. always has been laughable and unbearable to hear. because i live here.Originally posted by Hareeba!Comment -
Exchanges are the way to go look at bet fair At least 20 million pounds matched on the match odds in every World Cup gameComment -
20 million pounds is just on 3 way a lines
Add up all markets it's double or triple that
Never ever will be competition for betfair
They have market corneredComment -
Yeah it's only the liberals. Has nothing to do with the Bible-thumping hypocrites on the right claiming that gambling is destroying family values.Originally posted by Big BearOriginally posted by Dark HorseComment -
Bullshit, they vig you harder than pinnacle.Originally posted by jjgold
People will move their action to a viable alternative with lower commission.Comment -
Never
Betfair bigger than ever
Their tennis action biggest in worldComment -
There is no way in hell that you, or anyone else, will make this happen. You are just another desperate bettor that is too lazy to go to Vegas. Push too hard and someone will make sure that you do not push again. You are in way over your head, like many of the Macho boys in here.Originally posted by Albert PujolsComment -
And that was once true of the rest of the world too.Originally posted by shaunovery
America has lots of faults but their people are no less capable of coming to grips with exchanges than the Brits.Comment -
Said most politicians on legalizing pot many years ago... In order for there to be change someone has to do somethingOriginally posted by BigdaddyQHComment -
It's amazing how lazy, disinterested, inefficient and incompetent our government is on everything -- except when it comes to gambling.Originally posted by CarpeDimeComment
