Originally posted by Optional
later
-
Feds are not going to get involved in this other than to regulate money that leaves the USA for other wagering destinations would be my guess . There is no reason for me to be concerned with how CA or NY for example set their wagering rules. Each state will set their own rules and the residents of each state will not have any reason to be concerned with what other states do. The Fed would just make things worse for everyone JMO
laterComment -
I could see the Feds getting involved if things get too hairy, but for now the only logical reason I see them getting involved at all is if the states ask for relief with UIGEA or the wire act to do mobile wagering.Comment -
Well they should be... There was no money,funding, or interests for US government to go after offshore books, until soon to be now.........Originally posted by chilidog
When big business writes new laws and lines the pockets of the who's who in the US government, you can bet your sweet ass, US government will be headhunting in Costa Rica or anywhere offshore books take US action for that matter........
Think about the time, when big business used the US government to take out the mafia in Vegas..........Comment -
Can you elaborate on what plans are at least being floated?Originally posted by chilidogComment -
Goodbye Off Shore sports betting books 5Dimes, Bovado, Sportsbetting Youwager Heritage and Bookmaker, you can shove that slow paying stuff up your ass.
Find Employment America FirstComment -
I don't understand where this thinking is coming from with the end is coming for offshores. The only valid argument made for this is in the future IF enough states opt in and IF these states are making tax money hand over fist. That these states grow tired of sharing profits and get more proactive about money flowing in and out of offshore books to protect there product.Goodbye Off Shore sports betting books 5Dimes, Bovado, Sportsbetting Youwager Heritage and Bookmaker, you can shove that slow paying stuff up your ass.
But as for these states ever being able to actually compete with offshores i find very unlikely. I live in Vegas i work in the industry we can't even compete with them. Every person i know that bets on a regular basis has a offshore account even the smaller bettors i know most have them. We can't match them for juice, props, rebates, etc. Yes it is easier to collect in Vegas with absolutely no worry about being paid due to gaming even if you bet a bad line we must pay that is the ONLY leg up we have on them.Comment -
Lol,,,,,,,,,,,,,,,,this dude thinks state government is going to run these books,Lol...........Comment -
I never mentioned anywhere in my post about who is going to run anything. The word states was used to define whatever future states opt in to actually give it a try. It doesn't matter who is running them offshores run on skeleton crews low overhead Vegas which does it better than anyone else in United States can't compete with them why do you all feel that these books will suddenly be in peril?Lol,,,,,,,,,,,,,,,,this dude thinks state government is going to run these books,Lol...........Comment -
-
It's gonna be a clusterfuck, so offshore will still thrive
Just look at Europe & Las Vegas(esp. Will Hill) & North American Horse Racing(plus the last minute stunt pulled by NJ Legislature). States(& individual players) will be VERY greedy-bettors only allowed to bet within their own state lines...often not even online, and at usurious takeout rates into relatively small pools with low bet limits. Look for winning bettors to get limited. And forget ample, varied betting menus & options a la 5Dimes.
Ideally Betfair would expand and sportsbooks would be run by the big multinationals(hopefully Cantor for one) 'allowed to commingle national & even international bet pools'. Perfectly, all international and national customers(not specifically prohibited by their state/country) would be allowed to join.
And lastly, the Louisiana proposals to protect skilled players would be generally adopted.
Expect the next Supreme Court challenges to re unlawful restraint of interstate commerce & Indian sovereignty. The former to allow bettors to purchase the product in any state they wish. The latter, plus a few smaller states enlightened enough to realize they need to offer a better product to compete vs the more populous states, are the best hope to produce a decent wagering environment.
So good offshores are not going away, even though likely they will be even more blocked from funding methods.
And altcoins are not dying(even though they are in government crosshairs). Bitcoin could die in a small case combo scenario of misfortunes, but other coins would replace.Comment -
Offshore won't thrive. Once all the States get everything up and running, offshore will suffer horribly. Majority of people will gladly go with a regulated, licensed sportsbook where they can bet from their mobile, cash out to their bank account within hours. Why would somebody bet with 5Dimes when they could legally bet with WilliamHill, Betfair/Fanduel, DraftKings, etc? They wouldn't.
This forum isn't indicative of the overall market. Such a tiny, minuscule percentage of gamblers are on here, and this forum isn't representative of that niche. This forum is just one small bubble in the entire ecosystem.
Regardless of what we think here on SBR, kredit kards are still the #1 way that people make deposits, globally. Most people don't bother with bitcoin, and have no idea how to do a bitcoin transaction. Most people don't do p2p transfer to gamble. It's with kredit kards. Offshore will suffer hard.Comment -
I agree. The only issue is... when do most states get up and running? I still think it could be 2 full years before this happens. Possibly ready for NFL in the 2020 season.Originally posted by chilidog
Michigan wants sports wagering badly. Michigan pumps gambling 100%.... all states should use Michigan as the timing template. All depends on how fast they move.Comment -
You're talking about Western Hemisphere offshores...most will adapt, like during Bush crackdown. Already have customers from other countries, some with B&M & SAM. And unless very specific, draconian AND highly enforced regulations are enacted here, many will access(even if indirectly / not too openly) our banking system / advertise / have agents here and maybe even signup or at least marketing/CS locations. All they need to do is improve on what the individual states screw up here. IF we wind up with say, Patriots -6 -115 to 130, offshores can just offer Alternate Lines...Patriots -9 +150 with stated payoff comparison right next to the odds: Net $150 with us instead of $80 elsewhere. Parlay Cards will be even bigger advantage.Originally posted by chilidogComment -
Without referring to Mich in particular, many state legislatures are corrupt, do little blowhards that only meet 1-3 months out of the year...and have thus already finished up for this year. So by the next session in 2019, enough time will have passed for change$$$ of mind, individual intere$t$ intervention- to possibly derail things indefinitely. To boot, when they see how little money will be won by other states in the intervening...maybe change vote to Nay.Originally posted by TheMoneyShot
Look what NJ did, blocking Monmouth from offering until they meet again...blowing their time advantage in the process. Don't be surprised if the numbskulls and thieves roll back mobile betting, ban out of state signups, block Betfair and the Meadowlands from Sports...all just to protect AC. Heck, they could allow AC to offer good odds and force the rest to offer bad lines. If similar occurred years ago during PASPA grace period, it can rear its ugly head again.
We are not out of the woods by any means-- could wind up with a fairly unusable product.Comment -
Some will have a rough time after it becomes widespread. However, big boy books like Pinnacle, that have been shutdown to the US for years won't have any issues. Yes, there are people in the US who use agents to access these books, but they don't want to pay taxes on wins of over $1200 or whatever the max is, so I doubt they will be playing at, what I assume, sports betting that is going to be geared towards recreational players, limits likely worse than Vegas.Comment -
BetOnline, 5 Dimes etc.. can't say I disagree there that they'll suffer. The argument about having to drive to place bets, I image they will integrate wagering apps eventually like in Vegas.Comment -
Dead as a hammerComment -
Originally posted by marconuts
LOLOLOLLL Yeah OKComment -
I sure hope SBR is preparinj a survival route as I wouldn't know what to do without this site..........Comment -
It is a major plus SBR has it's own currency established..............Comment -
I wonder when SBRcoin is coming out
Originally posted by PAULYPOKERComment -
Bookies and rogue offshores will always exist, but they won't be able to compete. Pinnacle is well positioned to obtain licensing and make a killing, as are the European books that have bought their way into the US market. 5Dimes certainly has their work cut out for them, and I can't see them making it. Their marketing department absolutely sucks. 1 part-time guy that shares responsibility with other tasks, and a GM that refuses to adapt.Originally posted by xKMACKxComment -
Sure, if they focus more an AU and APAC, they can adapt. AU is a great example of how a govt can complicate things, like their archaic ruling on live betting, which forces gamblers to offshore. If the US messes it up; if they make you drive to a casino to bet, or they don't allow live betting, offer limited options, or high odds, CR books will be fine. Those are big ifs though. Betfair, WillHill and others know exactly what they're doing, and they've bought their way into the market, with the anticipation that this was happening. They're going to clean up. Credit bookies won't go anywhere. PPH industry will be fine. CR post-up books will suffer.Originally posted by acquavalloComment -
So when is offshore going to start offering better deals to keep their customers happy?Comment -
My local has us on PPH with Realbookies. The site is easy and has all the props and in game betting.( I don't get involved with that style of betting) He won't be hurt much when Ohio gets its act together and gets sports gambling. He has a great reputation and is trusted by all. You can get paid pretty much when ever you want. We have settle up numbers. But, he knows if you've been getting bet up and hit a few games and need some $$$ to get you along, he will gladly pay you off early. it's nice having a good human bookie!
Comment -
Well we have like 7 legal books now in USA non Vegas
Ok for the most part but 10000% of players that used both they all say staying with offshore
thank youComment -
Originally posted by bonzaii
bonzaiii i think it will come but going to take a while.
I have followed the legalization thing for years with many threads on the forums.
But, every time I've gotten into a lengthy conversation with ppl I've talked to at some books & brought up the topic, explaining to them about legalization coming to the states, it was new news to each & every one of them.
They simply havent followed it.
Which means they havent been preparing.
I'm sure most are now.
But i assure you theres still a few who aren't on top of it & taking it serious.
They will catch up.
The best bargains are still with Offshore & will only get better as competition builds.Comment -
Also credit players will always be credit players
That never ever changesComment -
Nothing like being in a sportsbook during the Super Bowl & March madness
Hard to believe offshore wouldn’t have been following this much closer and have a plan in place. Kind of tells you all you need to know about them
Comment -
Originally posted by USCPHILLYGUYNothing like being in a sportsbook during the Super Bowl & March madness
Hard to believe offshore wouldn’t have been following this much closer and have a plan in place. Kind of tells you all you need to know about them
I rather be home in relaxation than standing around smell gamblers and waiting 1hr to make a bet
USA legal wagering is not getting great reviews whether lines or the actual facilitities
They will not even invest in big odds boards that look close to vegas
Comment -
Agree Philly. My local did say he will get less action around bowl games and payoffs. I will head to West Virginia on occasion to enjoy some major fights. I personally like to watch football at home. Can't see how legal wagering will improve offshore gaming. If anything the legal wagering will make there product equal to offshore at the start. I think both options suck. Closest casino is Cleveland, that's an hour away. I wouldn't use the legal mobile option. They can track your action too much for my liking. We won't have sports gambling for a year or more in Ohio. My book seems to think he will pick up more business due to the legal sports betting laws. Not sure how that can happen, but he bet me a beer it will improve business over a few years.
Comment -
Originally posted by USCPHILLYGUY
Hard to believe offshore wouldn’t have been following this much closer and have a plan in place. Kind of tells you all you need to know about them
Can't really fault them for this, when you consider even most of the population here in the state's wasn't educated on it and/or didn't believe it would ever happen.
I expect that we eventually see the fantastic deals & perks that we used to get with offshore books many years ago.Comment -
I’m not in the industry and saw this coming a year ago. As soon as the NFL put a franchise in Vegas the whole integrity of the game was thrown out the window. Being so close to NJ and watching this I did keep an eye out. Maybe offshore dont really care. Who knowsOriginally posted by HmanComment -
Offshore doesn’t care because it cannot be beaten because of the very very low cost to operate
Also a different type of a market of gamblers, offshore is not looking for the $10 gambler any longer
They would love to unload them to the legal booksComment -
Why would anyone waste time going to a sports book to place a 10 dollar fukkin bet? Personally I’m far more likely to bet bigger again with a option I can walk in and get my cash after a win.Originally posted by jjgoldComment
