Legal Online Sportbetting by 2011? Let's Handicap It . . .

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • ritehook
    SBR MVP
    • 08-12-06
    • 2244

    #1
    Legal Online Sportbetting by 2011? Let's Handicap It . . .
    I've noted that whenever it's suggested that sportsbetting may one day be legal in the U.S. a host of naysayers and crepe hangers emerge to negate the idea.

    I'm wondering if any "wise guys" in the 1920s somberly opined that Americans would never again enjoy a glass of legal booze?

    Or that Wise Men in, say, the 1940s ever laughed anyone out of the room if they dared suggest that abortion would be legal by the '70s?

    An English historian once opined: WHAT TODAY SEEMS IMPOSSIBLE IN THE EYES OF PRACTICAL MEN, TOMORROW PREVAILS.

    Many here are handicappers, not only of sports but of markets, etc. Without being pollyannish, let's assess the realistic possibilities of legal sports betting in about five years.

    In 2000 and in 2004 the GOP won the presidency by a narrow margin (lost the popular vote in '00), due to one particular power bloc, the so-called "religious right."

    This bloc had and has several prime objectives, mainly anti-abortion, and also "family values," which means not only anti-gay but also better safety for children, moral values in the nation, etc.

    Anti-gambling was part of that, but not a major part. One had the impression that if they could but ban abortion they'd allow casinos to operate down the street from their houses.

    A handful of their political water-carriers, mainly Sen Frist, not having a lot of success on other issues important to this bloc, managed to sneak the UIGEA into an unrelated bill. The issue was attached to that bill, and never discussed in Congress.

    LESSON: there is no overwhelming groundswell of support for UIGEA, not even among the Religious Right, some of whom I'd wager play in casinos now and then.

    While most of the leading GOP candidates are making their obeisances to the RR, none really are as much in their pocket as was Georgie Bush last time around. (OK, except maybe Thompson and Huckabee, but they have only three chances to win the nomination - the proverbial Fat, Slim and None.)

    The RR itself is very divided in their support this year. Some are in Fred's camp, some in Mike's, a few in Romney's but not enough to make a difference.

    The division lessens their power. And some reports from the RR indicate that many of it's most fervent members intend to sit this presidential election out, now that Georgie Porgie is heading back to the ranch.

    Definite diminution of power . . .

    The Democrats! Their big chance to grab the White House, and increase their majorities in the Senate and House.

    I personally think they'd have their best chance with Edwards, as Hillary has huge negs among many people (including many women), and there are still many folks in all parts of the nation that won't vote for a black.

    Regardless, NONE OF THE LEADING DEMOCRATIC CANDIDATES OWE A THING TO THE RR!!

    That's a biggie. They will owe nothing! -nicht! - nada!- to the RR.

    And being Democrats, they will want social programs for everyone, for every incompetent who bought a house they couldn't afford, who can't get a job because they have an IQ of 80, for the seniors (big bloc and growing yearly) - you name it.

    THEY WILL NEED TONS OF MONEY, EVEN IF THEY WIND DOWN THE WAR (and there is no real guarantee of that, Hil was a warmonger before deciding to run for prez, and wants a huge military presence in the region)

    So, (a) they will not owe sh-t to the RR; and (b) they will scramble like maniacs to grab every loose dollar they can to fund their social programs.

    Wow, guys, look at all those loose dollars floating around online, being wagered. How many more wonderful programs can they fund if they could but tax that bucket of bucks!?

    Don't think that Vegas is opposed. They've have beta programs for online gambling in place for years.

    It's a no-brainer for Vegas - they know that the average American, given the chance to bet sports or blackjack online at Harrah's, Hilton, MGM, Caesar's etc, ___ or one operating in the Caribbean and run by a guy named Dirty Lenny . . . . well,the choice is obvious.

    One of the more powerful Democrats in Congress is Sen Harry Reid, of Nevada. Guess who kicks in the most bucks for Harry's re-election bids?

    Even if a Republican again wins the White House, eyes will be cast on online betting by the ever-greedy spendthrifts in DC.

    If a Dem wins the White House, I'm figuring 3 years after he/she takes office the push will be made to legalize online betting, and grab those lucious tax dollars.

    If the GOP scores again, make it five years, they'll pass on it in their first term.

    But a good Dem candidate has the best chance to win. So look toward around 2011.

    Of course, according to the New Age folks the Aztec calendar predicts the end of the world by December 2012, with cataclysmic events starting a year before.

    So it may not matter by then if you can get a legal bet down via your laptop, or if Houston will win in their first SuperBowl appearance, or if San Diego State has a chance at the national title . . . .
  • SBR Lou
    BARRELED IN @ SBR!
    • 08-02-07
    • 37863

    #2
    Great post. I think you're right. I'm not one of those people who think gambling online will never be legalized, its just that the situation has seemed so bleak a lot of people have given up faith. I wish it could be sooner than that, it would be nice to legitimize everything.

    I'm looking forward to those big casinos fighting tooth and nail to attract a big customer base, probably offer very sweet deals, especially because they're so well funded and aren't just a couple of rooms in Costa Rica.

    P.S. Do you think Huckabee would have some moral opposition to legalized gambling because of his religious roots? He seems like a very logical guy. I don't imagine him having some "gambling is evil, protect the kids!" mentality.
    Comment
    • BigBollocks
      SBR MVP
      • 06-11-06
      • 2045

      #3
      Odds of legal domestically-run poker: Even Money

      Odds of legal domestically-run sportsbook: 20-1


      The poker industry brought all the attention to the sportsbook industry, and is single-handedly to blame for where we are now. What's worse, they're united and will bring poker back, while we're all going to be left in the cold...
      Comment
      • RageWizard
        SBR MVP
        • 09-01-06
        • 3008

        #4
        Originally posted by BigBollocks
        Odds of legal domestically-run poker: Even Money

        Odds of legal domestically-run sportsbook: 20-1


        The poker industry brought all the attention to the sportsbook industry, and is single-handedly to blame for where we are now. What's worse, they're united and will bring poker back, while we're all going to be left in the cold...
        I kind of agree with BigBollocks, even money for poker, and about 10-1 for sports betting. The poker players came along and cast a crappy light on the noble sportsbetting community and are now ready to throw the sports betting public under the bus with the Barney Frank bill. With the political statements that I'm reading above, I would think you would be Ron Paul supporters. I know his chances are about as good as Miami's going into Foxboro in December and Blowing out New England, but as Americans you should stand for what is right like the pioneers who made this country great. Not the Freaky overly religous people who want to control how I invest my money, teach my kids, or sooth my pain with whatever drug I like.
        Comment
        • SBR Lou
          BARRELED IN @ SBR!
          • 08-02-07
          • 37863

          #5
          I support some of his beliefs (Paul) but I really think he has no chance of winning the nomination at all. Let's be realistic, this guy is not getting a majority of votes. He's just too against the grain, he is the odd man out on so many issues and the media will use its power to help write him off. Many people do not even really follow a candidate on their own, they just form their opinion based on what the media says.

          The major change in this country won't come in one election. Hopefully, over the next few presidents little by little some things will start being changed to better the country as a whole. Should much stock be put in that? Probably not. I'd prefer a world closer to what Ron Paul envisions but it just doesn't seem realistic.
          Comment
          • luciano
            SBR Sharp
            • 11-02-07
            • 417

            #6
            Poker online is going to be legalized and regulated I think in the US sooner or later. Maybe it will happen for betting too.


            It would bring in a ton of tax money
            Comment
            • SBR Lou
              BARRELED IN @ SBR!
              • 08-02-07
              • 37863

              #7
              I might take a stand if it goes down like that. I will not play at any poker site if they get legalized and we don't, that would be like a punch right in the gut.

              Now poker is not something I play daily so it isn't much of a stand, but I'd say most of us could stand to profit quite a bit if it were legalized because of the amount of new blood being brought back in.
              Comment
              • Dark Horse
                SBR Posting Legend
                • 12-14-05
                • 13764

                #8
                It's a catch 22 for the Republicans. I imagine it looks something like this: They would love to give US corporations a shot at the online gambling business, but they can't afford to alienate the bible belt. So they take the easy way out: fill their pockets with bribes from casinos and the racetrack industry. It's about the balance of money and power. The US situation is gridlocked.

                The case against gambling was only high priority with a small religious fanatical minority. Most Americans don't care enough to take a stand either pro or against gambling. That's why the new law was sneaked through after midnight, hidden in an anti-terrorism bill. To change it you would have to sneak it through in the same way.
                Comment
                • ritehook
                  SBR MVP
                  • 08-12-06
                  • 2244

                  #9
                  Originally posted by crazyl
                  Great post. I think you're right. I'm not one of those people who think gambling online will never be legalized, its just that the situation has seemed so bleak a lot of people have given up faith. I wish it could be sooner than that, it would be nice to legitimize everything.

                  I'm looking forward to those big casinos fighting tooth and nail to attract a big customer base, probably offer very sweet deals, especially because they're so well funded and aren't just a couple of rooms in Costa Rica.

                  P.S. Do you think Huckabee would have some moral opposition to legalized gambling because of his religious roots? He seems like a very logical guy. I don't imagine him having some "gambling is evil, protect the kids!" mentality.
                  Huckabee's bedrock support is the RR. No way he'd approve legalized online betting (other than on state lotteries and horse racing, of course). Even so, with Dems in control of both houses, money is the motivator
                  Comment
                  • ritehook
                    SBR MVP
                    • 08-12-06
                    • 2244

                    #10
                    Agree that the better organized poker players will have their way before we have ours. (But even so, Vegas will likely jump in and knock off some of the dicier offshore operations)

                    I saw right off that the Frank bill was no good for sports bettors, locking in the illegality of it, once NCAA, NFL, NHL, NBA etc opt out. As they will, the hypocrites.

                    But the Frank bill, as I understand it, will allow sports betting on any sport that does NOT opt out.

                    The major sports will opt out, of course. But what about the struggling one in the US? Soccer is legally bet in many countries, but it struggles here to gain acceptance.

                    Think the soccer moguls will be that eager to opt out?

                    Women's soccer, also. I think that sport died from lack of support a few years ago.

                    Do you think that the now defunct XFL would have opted out? I think they would have jumped at the chance to opt in!

                    The Frank bill is not good for us, but may have a silver lining. Let a few marginal sports opt in for the betting, and let's see if it creates more fans and improves their bottom line.

                    If NFL etc sees their market flowing to a new "XFL" type league, let's see how fast they change their tune. Remember, those folks re-define the meaning of hypocrisy.
                    Comment
                    • ritehook
                      SBR MVP
                      • 08-12-06
                      • 2244

                      #11
                      Originally posted by Dark Horse
                      It's a catch 22 for the Republicans. I imagine it looks something like this: They would love to give US corporations a shot at the online gambling business, but they can't afford to alienate the bible belt. So they take the easy way out: fill their pockets with bribes from casinos and the racetrack industry. It's about the balance of money and power. The US situation is gridlocked.

                      The case against gambling was only high priority with a small religious fanatical minority. Most Americans don't care enough to take a stand either pro or against gambling. That's why the new law was sneaked through after midnight, hidden in an anti-terrorism bill. To change it you would have to sneak it through in the same way.
                      I'll agree with that, DH. A quiet, midnight attachment of revocation of UIGEA, and the greedy pawprints all over the new fountain of taxed dollars . . .
                      Comment
                      Search
                      Collapse
                      SBR Contests
                      Collapse
                      Top-Rated US Sportsbooks
                      Collapse
                      Working...