Mexican Sports & Race Books Hosing the Suckers Royally

[ritehook]

Just another indication of the criminal nature of the wholly corrupt Mexican government.

Up until the First of January, Mexican sports and race books (booking all US sports and all US tracks,as well as worldwide) took 1.5% of the winning part of a sports bet, and 2% of the entire return on a winning sports bet.

Ridiculous, confiscatory you say?

Right!! No serious bettor trying earnestly to profit from the very tough biz of "radical investment" could bet there.

But get this: NOW, THE GOVT THERE IS TAKING 3% OF THE WINNING PART OF A SPORTS BET. AND A WHOPPING 5 % OF THE ENTIRE PAYBACK ON A HORSE BET.

They have a captive audience, as all but the stupidest gringos have long stopped trekking to Mexico to bet.

With hundred of books throughout Mexico (the largest owned by a family that kills journalists and has documented ties to the drug cartels) these operations need not worry about the poor suckers in thier clutches bailing out.

[ritehook]

Actually, it is possible for a person living in Mexico, citizen or expat, to bet offshore.

There is a type of toll-free dialing there, but it's not really toll-free, as the monopoly phone companies charge you for it. But not an unreasonable amount.

But I don't think Mexico allows any kind of advertising from the offshores, other than from the uncensored net.

These operations get a huge amount of small wagers, from little bettors trying to turn their pathetic wages into a little more. And, of course, from the crooked politiicians (a redundancy there) and the drug kingpins, who I have seen drop 50 grand on a horse race without blinking an eye.

The people who "regulate" gambling in Mexico, something called Gobernacion (like the US Dept of the Interior) knows litle about gambling. Just insider political crooks looking to get rich quick.

These are the things globalist rags like the Wall Street Journal will not tell you.

[pico]

there is internet and computers in mexico?

[DaveRabbit]

But I don't think Mexico allows any kind of advertising from the offshores, other than from the uncensored net.

They do allow foreign companies to advertize.

[ritehook]

there is internet and computers in mexico?

Yes, of course. That also is an option for the savvy. Which may be what has prompted the govt crooks to up the "tax." They are finding their revenues declining becuase the heavier horse and sports bettors there are betting on the Net.

So rather than allowing their domestic books to be more competitive and get some of that biz back, they tax the remainng suckers even more.

I hate to say it (but will) - How very Mexican!

[BrentCrude]

I went to one in Jaurez around 1980 before the tech boom and they just played the race results on a loudspeaker.I swear they rigged it with delays where they took bets on losing horses after the race was run from american idiots.hehe!

My trips with my buddies to Jaurez were pretty innocent and we stayed away from the cantinas and donkey shows as much as I probably would have liked to have taken them in.hehe!

The cab drivers try to sell young guys anything dealing with the 7 deadly sins but when you go there with your parents they pretend to be Jesus's amigo.

Buying the dirt cheap leather coats you haggled deals on and cheap tequilla for 50 cents a quart at the time was fun.You didn't dare eat or drink anything there of course.

Anyone else here have fond memories of their visits to Jaurez?I think I am far smarter than to venture into that corrupt sesspool as an adult.

[ritehook]

I went to one in Jaurez around 1980 before the tech boom and they just played the race results on a loudspeaker.I swear they rigged it with delays where they took bets on losing horses after the race was run from american idiots.hehe!

My trips with my buddies to Jaurez were pretty innocent and we stayed away from the cantinas and donkey shows as much as I probably would have liked to have taken them in.hehe!

The cab drivers try to sell young guys anything dealing with the 7 deadly sins but when you go there with your parents they pretend to be Jesus's amigo.

Buying the dirt cheap leather coats you haggled deals on and cheap tequilla for 50 cents a quart at the time was fun.You didn't dare eat or drink anything there of course.

Anyone else here have fond memories of their visits to Jaurez?I think I am far smarter than to venture into that corrupt sesspool as an adult.

Mexican border towns like Tijuana and Juarez hit their stride in the 1920s, the Jazz Age, with legal drinking and gambling, things then hypocritically prohibited in the US (the world's capitol for hypocrisy).

Prostitution was also legal, de facto if not de jure.

The Caliente Casino in Tijuana was a mecca for the Hollywood elite. Even into the '50s TJ drew celebs - Monroe had an abortion there.

Now, it's changed. Whereas once gringos went to TJ (and probably Juarez) to get porn, the Mexicans come north to buy that stuff.

Gambling is there still, but the heaviest Vegas spenders (according to Vegas ConVis) are Mexicans.

There are also some blue-eyed blonde (las gueras, the blonde girls) whores operating very profitibly in Mexico. (The biggest pro-blonde racists - as per their preferences -are dark-skinned men.)

Both Juarez ane TJ are now grimy industrial cities, with thier twin plants owned by Americans and Japanese. Paying workers a buck an hour. Dirty towns, sometimes dangerous. I personally would not venture into TJ's Red Light area,at least not without a crowd, including some sober "designated fighters". You'll likely be mugged. Maybe by plainclothes cops.

[ritehook]

One of the most dangerous aspects of the ongoing "mexicanization" of America is that the kind of blatant corruption seen in Mexico will become standard in the US. It is, after all, a way of life down there.

So: if we ever do see a legalization of internet sports betting in the US, will we also see some govt agency, IRS most likely, taxing the books - and passed on to the bettors - for every winning wager?

There actually was a betting tax on sports and horses in Nevada some years ago - ten percent I think. If I'm correct, it is still there, but now "only" 1%, which the Nevada books absorb.