NJ Sports Betting Decision Could Come as Early as Today!

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • jjgold
    SBR Aristocracy
    • 07-20-05
    • 388179

    #36
    jump through hoops??

    The top books pay real fast with bitcoin
    Comment
    • USCPHILLYGUY
      SBR Posting Legend
      • 12-15-12
      • 21746

      #37
      Coach when’s the last time you requested a payout via bitcoin? Mine took about 4 days to credit
      Comment
      • PAULYPOKER
        BARRELED IN @ SBR!
        • 12-06-08
        • 36581

        #38
        Originally posted by Hman
        Some states are already prepared/preparing to take online wagers.

        See post #15:

        The state recently became the fourth to legalize online gambling, and PA sports betting could be on the horizon. That same gaming law from 2017 also legalized sports betting, should the US Supreme Court strike down the federal ban this spring. That would include mobile wagering as well as betting on sports at casinos.


        However, Offshore will still stand strong.

        Legalization = Exposure
        Exposure = More Players
        More Players = More Competition
        More Competition = More players finding better bonuses, odds, perks, and value Offshore

        It's a domino effect.
        PA!!!
        Comment
        • Hman
          SBR Posting Legend
          • 11-04-17
          • 21429

          #39
          Originally posted by USCPHILLYGUY
          Coach when’s the last time you requested a payout via bitcoin? Mine took about 4 days to credit



          Mine always takes 24-48hrs but from what I understand that is considered a long time compared to books which only take hours
          Comment
          • jjgold
            SBR Aristocracy
            • 07-20-05
            • 388179

            #40
            it depends the time of day and book

            some under 8 hrs..some 1-2 days

            I am not driving 60 miles to get a payout and then drive another 60 to get home in NJ if legal
            Comment
            • PAULYPOKER
              BARRELED IN @ SBR!
              • 12-06-08
              • 36581

              #41
              Offshore's future after US becomes legal online.....

              One advantage of using offshore books would be tax free offshore book transfers
              as they won't be watched near as hard by authoritative gaming lobbyists in DC ...........

              Some other advantages would have to be offering better odds,lower juice,better perks and bonuses
              across the board in order to compete......
              Comment
              • USCPHILLYGUY
                SBR Posting Legend
                • 12-15-12
                • 21746

                #42
                Pauley I get the tax issues but not sure how comfy I’m feeling with waiting for a 10k plus payout offshore. I’ll offset the wins & losses to make it appear I’ve broken even
                Comment
                • jjgold
                  SBR Aristocracy
                  • 07-20-05
                  • 388179

                  #43
                  The bottom line you can’t beat offshore Vegas never dented it
                  Comment
                  • USCPHILLYGUY
                    SBR Posting Legend
                    • 12-15-12
                    • 21746

                    #44
                    I’d love to know the percentage of Las Vegas residents who wager off shore. I’d think it a very small number.
                    Comment
                    • downsouth
                      SBR Posting Legend
                      • 01-13-11
                      • 11580

                      #45
                      Originally posted by USCPHILLYGUY
                      I’d love to know the percentage of Las Vegas residents who wager off shore. I’d think it a very small number.
                      You be surprised. Im guessing that by time finished product reaches NJ its going to be super expensive. Look at how many are already looking to get their piece.
                      Comment
                      • StackinGreen
                        SBR Posting Legend
                        • 10-09-10
                        • 12140

                        #46
                        Originally posted by Hman
                        Once most states start offering online wagering, funding methods will have to be opened up again.

                        Obviously this will open new avenues for offshore to take advantage of & depositing & withdrawing will likely become easier again as it used to back in the day.
                        Comment
                        • Optional
                          Administrator
                          • 06-10-10
                          • 61682

                          #47
                          I think one thing US bettors will find negative about regulation will be the KYC and AML requirements they will be hit with.

                          It's one thing for books to be demanding bank statements and proof of income in the UK where gambling is tax free.

                          But if the USA retains taxing on gambling I can see a lot of unhappy people with that.


                          I think it might be tough to legally justify double taxing the industry and bettors on the same dollars once challenges are brought up too.
                          .
                          Comment
                          • jjgold
                            SBR Aristocracy
                            • 07-20-05
                            • 388179

                            #48
                            I lived there lots of people had accounts offshore

                            Originally posted by USCPHILLYGUY
                            I’d love to know the percentage of Las Vegas residents who wager off shore. I’d think it a very small number.
                            Comment
                            • StackinGreen
                              SBR Posting Legend
                              • 10-09-10
                              • 12140

                              #49
                              Originally posted by Optional
                              I think one thing US bettors will find negative about regulation will be the KYC and AML requirements they will be hit with.

                              It's one thing for books to be demanding bank statements and proof of income in the UK where gambling is tax free.

                              But if the USA retains taxing on gambling I can see a lot of unhappy people with that.


                              I think it might be tough to legally justify double taxing the industry and bettors on the same dollars once challenges are brought up too.
                              Good point. This has been a huge problem in horse racing too.
                              Comment
                              • jjgold
                                SBR Aristocracy
                                • 07-20-05
                                • 388179

                                #50
                                Great info here
                                Comment
                                • sweep
                                  SBR Posting Legend
                                  • 10-09-10
                                  • 16753

                                  #51
                                  Originally posted by Hman
                                  Once most states start offering online wagering, funding methods will have to be opened up again.

                                  Obviously this will open new avenues for offshore to take advantage of & depositing & withdrawing will likely become easier again as it used to back in the day.

                                  Please explain...
                                  Comment
                                  • Hman
                                    SBR Posting Legend
                                    • 11-04-17
                                    • 21429

                                    #52
                                    Originally posted by sweep
                                    Please explain...



                                    Players will have to have ways to deposit & withdraw funds with the legal online books.

                                    Many remember the days of PayPal, Neteller, and other methods.

                                    But once laws were passed to stop companies from moving money to & from offshore books, things got complicated & more difficult to move funds.

                                    Once no telling how many 3rd party companies start taking on moving money via player deposits & withdrawals, offshore books will surely once again find ways to take advantage.
                                    Comment
                                    • sweep
                                      SBR Posting Legend
                                      • 10-09-10
                                      • 16753

                                      #53
                                      Originally posted by Hman
                                      Players will have to have ways to deposit & withdraw funds with the legal online books.

                                      Many remember the days of PayPal, Neteller, and other methods.

                                      But once laws were passed to stop companies from moving money to & from offshore books, things got complicated & more difficult to move funds.

                                      Once no telling how many 3rd party companies start taking on moving money via player deposits & withdrawals, offshore books will surely once again find ways to take advantage.
                                      If the book is legal and regulated by the state all you need is a checking account....same thing we are doing here in Jersey with PokerStars. No need for 3rd party
                                      Comment
                                      • Hman
                                        SBR Posting Legend
                                        • 11-04-17
                                        • 21429

                                        #54
                                        Originally posted by sweep
                                        If the book is legal and regulated by the state all you need is a checking account....same thing we are doing here in Jersey with PokerStars. No need for 3rd party


                                        Checking account will be one of the options.

                                        No way it's the only one though.
                                        Comment
                                        • jjgold
                                          SBR Aristocracy
                                          • 07-20-05
                                          • 388179

                                          #55
                                          This NJ law is only for walk up bets

                                          nothing online or apps

                                          It was dumb because in future if they want it a long process

                                          Talk to me when prices will be better than 5 dimes, heritage, betonline, matchbook and pinnacle
                                          Talk to me when they have live betting on every game possible in world
                                          Talk to me when they have hundreds of soccer games per day
                                          Talk to me when they have every golf and tennis tourney daily betting and every league possible
                                          Talk to me when they have lines on many womens ncaa nightly
                                          Comment
                                          • sweep
                                            SBR Posting Legend
                                            • 10-09-10
                                            • 16753

                                            #56
                                            Originally posted by jjgold
                                            This NJ law is only for walk up bets

                                            nothing online or apps

                                            It was dumb because in future if they want it a long process

                                            Talk to me when prices will be better than 5 dimes, heritage, betonline, matchbook and pinnacle
                                            Talk to me when they have live betting on every game possible in world
                                            Talk to me when they have hundreds of soccer games per day
                                            Talk to me when they have every golf and tennis tourney daily betting and every league possible
                                            Talk to me when they have lines on many womens ncaa nightly
                                            The only way this works is if they have a geo-located phone app.....no one is going to Monmouth Park or Atlantic City to put a hundy on a game.
                                            Comment
                                            • USCPHILLYGUY
                                              SBR Posting Legend
                                              • 12-15-12
                                              • 21746

                                              #57
                                              Coach sadly you’re missing the point There’s a huge market for this yet you strike it down as ridiculous at every turn. The pro teams argument has always been “for the integrity of the game”. That argument flew out the window once pro franchise were allowed to move into Vegas. This is going to pass and like online poker is in NJ, will flourish.
                                              Comment
                                              • MoneyLineDawg
                                                SBR Posting Legend
                                                • 01-01-09
                                                • 13253

                                                #58
                                                Competition always good for the consumer....there will still be bookies and offshore but they will just need to offer better lines etc to keep up

                                                Not sure if anyone saw but Draftkings just hired a "Head of Sportsbook" and has an office set up in NJ
                                                Comment
                                                • jjgold
                                                  SBR Aristocracy
                                                  • 07-20-05
                                                  • 388179

                                                  #59
                                                  No app will be useless other than nfl


                                                  Vegas volume got much better when apps were offered


                                                  I live in New Jersey I’m not even going to attempt to make a wager if it gets passed drive 60 miles and spend $30 you are your mind
                                                  Comment
                                                  • StackinGreen
                                                    SBR Posting Legend
                                                    • 10-09-10
                                                    • 12140

                                                    #60
                                                    More options the better, as I've said before.
                                                    Comment
                                                    • pattymayo
                                                      SBR Posting Legend
                                                      • 05-19-09
                                                      • 10221

                                                      #61
                                                      Nice little timeline here:

                                                      It took nearly six years, but New Jersey finally prevailed and took its first legal sports bet on Thursday. Here is a fun look at how the state's odds changed over the course of its legal battle.


                                                      Mark my words, by July 4th weekend you'll be able to legally make a wager on a sporting event in New Jersey.
                                                      Comment
                                                      • jjgold
                                                        SBR Aristocracy
                                                        • 07-20-05
                                                        • 388179

                                                        #62
                                                        time will tell

                                                        best of luck to all
                                                        Comment
                                                        • pattymayo
                                                          SBR Posting Legend
                                                          • 05-19-09
                                                          • 10221

                                                          #63
                                                          JJ, will you meet me at Monmouth Park this summer once it's legalized?
                                                          Comment
                                                          • PAULYPOKER
                                                            BARRELED IN @ SBR!
                                                            • 12-06-08
                                                            • 36581

                                                            #64
                                                            Originally posted by USCPHILLYGUY
                                                            Coach sadly you’re missing the point There’s a huge market for this yet you strike it down as ridiculous at every turn. The pro teams argument has always been “for the integrity of the game”. That argument flew out the window once pro franchise were allowed to move into Vegas. This is going to pass and like online poker is in NJ, will flourish.
                                                            JJ's not going to bite the hand that feeds him............
                                                            Comment
                                                            • jjgold
                                                              SBR Aristocracy
                                                              • 07-20-05
                                                              • 388179

                                                              #65
                                                              I’ll probably be out of New Jersey by then but I have the seven best books that you can possibly ever happen the world so I don’t even care

                                                              Originally posted by pattymayo
                                                              JJ, will you meet me at Monmouth Park this summer once it's legalized?
                                                              Comment
                                                              • StackinGreen
                                                                SBR Posting Legend
                                                                • 10-09-10
                                                                • 12140

                                                                #66
                                                                I'm making money on all the stocks that will have this huge market boom ahead of them for the next few years ...
                                                                Comment
                                                                • shocka1212
                                                                  SBR Posting Legend
                                                                  • 10-06-12
                                                                  • 16788

                                                                  #67
                                                                  Originally posted by USCPHILLYGUY
                                                                  Coach when’s the last time you requested a payout via bitcoin? Mine took about 4 days to credit
                                                                  Still better than waiting 3 weeks for a Stone Age check
                                                                  Comment
                                                                  • Underdog5229
                                                                    SBR MVP
                                                                    • 10-31-11
                                                                    • 1856

                                                                    #68
                                                                    Will this hurt sbr's bottom line once wagering is legal in every state with mobile betting? I think it all depends on the price of lines, the variety of the markets available and the amount winnings will be taxed.
                                                                    Comment
                                                                    • Optional
                                                                      Administrator
                                                                      • 06-10-10
                                                                      • 61682

                                                                      #69
                                                                      Originally posted by Underdog5229
                                                                      Will this hurt sbr's bottom line once wagering is legal in every state with mobile betting? I think it all depends on the price of lines, the variety of the markets available and the amount winnings will be taxed.
                                                                      I think SBR have been positioning themselves to be ready for the change for a long time. Hence the care about not letting US members buy points to bet in the sportsbook and stuff like that.

                                                                      Fingers crossed it's good for players and SBR.
                                                                      .
                                                                      Comment
                                                                      • jjgold
                                                                        SBR Aristocracy
                                                                        • 07-20-05
                                                                        • 388179

                                                                        #70
                                                                        SBR will flourish if it passes as will Vegas as will offshore

                                                                        Offshore always will have the edge over everyone because of low coast to operate

                                                                        NOBODY CAN TOUCH THEM NEVER EVER,,Legal places a fun place to go but that is about it not much to offer but generic sports and bets and lines just like Vegas

                                                                        Thank You
                                                                        Comment
                                                                        Search
                                                                        Collapse
                                                                        SBR Contests
                                                                        Collapse
                                                                        Top-Rated US Sportsbooks
                                                                        Collapse
                                                                        Working...