Heres some info on online gaming, possibly all gambling on the internet.

[tblues2005]

Heres a link to an article that I seen at a site that could interest everyone here. I don't know if it will pass or not, I think it could.

http://www.gambling911.com/Online-Poker-Exemption-Gambling-Law-012407.html

[LGBoots]

What a load of crap

Sportsbetting needs just as much if not more skill then Poker.

However I hope they do get an exemption as this this will make this stupid law unworkable with regard to Sportbetting as well (IMO)

[Korchnoi]

What a load of crap

Sportsbetting needs just as much if not more skill then Poker.

However I hope they do get an exemption as this this will make this stupid law unworkable with regard to Sportbetting as well (IMO)

I agree. Don't most poker sites have affiliated casinos?

[goldengoat]

that would be a slap in the face if they got poker thru but not sportsbetting

such hypocrisy

the only ones claiming sportsbetting has no skill involved are the ones who suck at it and have lost their ass

in a long term study skill is involved in both sportsbetting and poker...this is not news

[goldengoat]

i did like this paragraph though

"We don’t have to tell you that a prohibition won’t work, and in fact will likely cause many more problems than it aims to solve. The unintended consequences will soon be apparent and all the good intentions of protecting children, helping problem gamblers, and ensuring the integrity of financial transactions will be lost as rogue sites and unregulated payment methodologies surface to replace the trustworthy operators the government is driving out of business."

[BuddyBear]

The key thing I took away from that article is that the online poker gaming community seems to be better organized and mobilized than the sports betting gaming community. As you see, they have representatives, alliances, and long term goals that they intend to pursue.

Right now, the sports betting community has nothing that rivals that. We need some sort of direction rather than just expressing our anger on gaming forums day in and day out. We need to see some sort of tangible action being made to solving the current crisis on here.

And yes, sports betting involves just as much skill and as much luck as poker does as well.

[Doc JS]

The key thing I took away from that article is that the online poker gaming community seems to be better organized and mobilized than the sports betting gaming community. As you see, they have representatives, alliances, and long term goals that they intend to pursue.

Right now, the sports betting community has nothing that rivals that. We need some sort of direction rather than just expressing our anger on gaming forums day in and day out. We need to see some sort of tangible action being made to solving the current crisis on here.

BB, you've hit the nail right on the head!

And yes, sports betting involves just as much skill and as much luck as poker does as well.

Couldn't agree with you more!

Doc JS

[Yoshi]

Yep skill is needed for betting and poker, but Hold ´em is far more complicated than learning how to cap or arb or lineshop etc...
Simply because the situation is almost never exactly the same.
Many poker players dont even realize that they are average - at best.

[Korchnoi]

One big distinction between traditional sportsbetting and poker (and exchanges for that matter) is that people are not betting against the house. Essentially sportsbooks are in the business of gambling whereas exchanges and poker sites are facilitators. Sort of like the distinction between setting up a website that gives out copyrighted mp3 files and Napster. However, they shut napster down too.

I think sports betters do need a unified voice, but it may be better strategically to sit back and let the poker constituency make its objections. Since poker is so popular right now, I think they have a better chance fighting back. If they make headway, then sportsbetting groups have a leg to stand on. If they can't stop the onslaught, then sportsbetting doesn't have a chance!

Also imagine for a sec if they exempt poker. Maybe then, using my argument above, they exempt exchanges. The net effect of this would be an enormous increase in the liquidity of exchanges and as a result the market would become more efficient. If that ever happens, non-us citizens should have a field day scalping.

[magnavox]

I've always wondered why sportsbooks just don't go into an exchange format -- there would be no way to tell who exactly is making those offers from a legal standpoint.

[Korchnoi]

I've always wondered why sportsbooks just don't go into an exchange format -- there would be no way to tell who exactly is making those offers from a legal standpoint.

because they're less profitable, unless your volume is huge. Imagine being able to be the only one making markets on a sports bet and you're just over 5% wide (typical -110). You see people who do it on TS themselves and they're much tighter. The difference between these actual tight mkts and what the books offer is pure profit. That's how they can affort to offer their bonuses when exchanges can't.

[Yoshi]

I've always wondered why sportsbooks just don't go into an exchange format -- there would be no way to tell who exactly is making those offers from a legal standpoint.

The gov could still shut down the platform aka the book that offers the exchange, or am i missing something here.

[trustbutverify]

One big distinction between traditional sportsbetting and poker (and exchanges for that matter) is that people are not betting against the house. Essentially sportsbooks are in the business of gambling whereas exchanges and poker sites are facilitators. Sort of like the distinction between setting up a website that gives out copyrighted mp3 files and Napster. However, they shut napster down too.

I think sports betters do need a unified voice, but it may be better strategically to sit back and let the poker constituency make its objections. Since poker is so popular right now, I think they have a better chance fighting back. If they make headway, then sportsbetting groups have a leg to stand on. If they can't stop the onslaught, then sportsbetting doesn't have a ch

ance!

Also imagine for a sec if they exempt poker. Maybe then, using my argument above, they exempt exchanges. The net effect of this would be an enormous increase in the liquidity of exchanges and as a result the market would become more efficient. If that ever happens, non-us citizens should have a field day scalping.

Exactly. Our best efforts should be focused on realizing 3-4 monsterous sports exchanges- with full U.S. licensing. FAIR above board taxation must be implemented. And a powerful, transparent regulatory arm to insure the rights of every bettor- and i don't mean something like what operates in Vegas, which serves as a protector of the casinos.

We need a global stock exchange for sports wagering- with volume so large anyone can make any bet on any event for any amount, with discount agents driving the juice/commisions down to the basement. We need brutally effective representation to make it happen.

This is the goal, imo.

[Seattle Slew]

That's true, but in the end, it doesn't matter. They have as much chance at an exemption as I do of dating Jessica Alba. This is comical. It would undermind the entire legislation that was passed. Plus, how are they going to fund the accounts? Exemptions for EFts if you're playing poker? Please.

[QUOTE=BuddyBear]The key thing I took away from that article is that the online poker gaming community seems to be better organized and mobilized than the sports betting gaming community. As you see, they have representatives, alliances, and long term goals that they intend to pursue.