Can someone explain to me how betting on sports is any different than day trading? Yet one is illegal and one is not?
Pathetic.
Pathetic.
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The government would like nothing more than people who are reliant on them. Destruction of all self-sustainable prospects is the first step. When you look at all the garbage a casino offers, two methods by skill are beatable, sports, and poker. Both are under assault by the DOJ..... coincidence? With the volatile stock market, day trading may be more riskier than starting a dice game in an alley. Financial independence seems to be the real motive behind all this..... jmhoComment -
Only difference is you are dealing with a lower grade of people on WallStreet not even joking either have met many in both industries! Raps you are also correct I love how they endorse state lotteries and I have scene poor people spending their whole weeks pay on scratch offs and numbers which are equal to winning a 10 team parlay as far as odds of winning anything go. It is all about money and control if anybody believes anything else they are fooling themselves!Comment -
No need to compare to day trading. Just look at Breeders Cup. You can legally bet online. Where are those lawmakers that are really concerned about gambling?
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its the leagues who are against betting in US...several attempts have been made by states to legalize it. Its the leagues who are strongly against it.Comment -
i can gamble just fine, quit bitching and adjust.Comment -
**** all goverments. whoever has power uses it. bitching about it is way better than just shutting up and taking it. even if there is nothing accomplished by bitching, it still makes you feel a little better. the biggest problem is what to bitch about. there are sooooooooo many things these days.Comment -
The real reasoning behind the U.S.Gov. blocking overseas funding
of offshore Sports booksThe reasoning behind the recent stoppage is>
Funneling millions upon millions of American dollars overseas with 97% of it never to return back into the economy belt is a dagger straight through the heart of U.S. economy as we know it,so the recent blocking of all U.S.A.financial institutions of transferring money overseas to offshore booking accounts "was the right thing do" as just one of many stitches in the suture to stop the bleeding of U.S. economy.
The immediate next step needs to be>
Legalize all forms of gambling in the entire United States as in Nevada...
Actually Sports investing is the only form of gambling that is not legalized throughout the USA but yet it is the only form that you as the gambler have the best odds of coming out on the positive side of your investment..
So if we all can agree that this is true,well this can only mean the
Governments theory behind this is>
Gambling establishments are legalized for making profit for the business owners along with our Government enforcing hefty tax laws to the fullest extent with the public body as a whole contributing all the profits and gains without getting a return if the government can help it..
Now they can still use this theory on Sports investing establishments and make the same amount of profit as the rest of them so why ain't it legalized?
Here is the reason in a nutshell because the only part different with the governments original theory is>
The Government Loses Control of maximized profit..
There are more people who can actually make a living off of sports wagering and these numbers are staggering when compared compared to all other forms of gambling except for Professional Poker but Sports Investing still towers Poker with success numbers for the simple fact of the luck reliance part of the equation on Poker to be successful............
So you see my friends this is just another form of Government financial control over society..Comment -
Sure buddy on top of me talk like u know the truth. Block sports and poker, allow online casinos and horses. I do both poker and sports and to me i think for them to do what they have been doing lately is just lowdown crook sh-it. Where did all that money go that was seized into the pockets and to buy police cars and stuff, who suffers in the end US loyal poker players that are out this money for what no apparent reason, why because they want to push to legalize it here so go and bust places that were trying to get us our money faster anyway and once again US players lose out of hard earned time and money. Do u realize how much money people lost cause they took out Tilt, to some people like myself poker is a fulltime job, its like taking there money they worked for and just outright stealing it and blame it on the poker sites that were paying everyone until they got busted and call it a ponzi scheme. Then have the nerve to take pictures of the bust checks like they just took down some huge cartel or mob, and go spending the money instead of giving it back to the players, like they really give a sh-it. But we have to trust them so much.Comment -
The vast majority of gamblers who bet on sports end up losing so the U.S. government is stupid for not legalizing it. For every pro who actually might win for a year or 2, there's about 10 "pros" who lose. The U.S. government has seen billions of American dollars leave the country due to stupidity. And billions more are leaving still as they foolishly continue to not legalize sports betting. Cracking down on poker sites and a few offshore gambling sites has not made the U.S. government any revenue. It's only served to piss off a few million Americans who have no interest in the legalized gambling options of lotteries and horses. The government wants to tell gamblers what they can and can't gamble on and the gamblers message back to the government is to f*** off and sell your lottery tickets to someone elseComment -
Betting sports is illegal for the simple reason the united states hasn't figured out a way to get a piece of the pie...So they just make it as hard as they can for Joe 6 pack to send his money offshore.....Naturally if Joe 6 pack want's to lose his house gambling at a race track in the states where uncle Sam gets his cut that's welcomed and even encouraged.Comment -
Anyone know why the NFL, NBA, etc are against gambling? I sort of understand the NCAA, but the professional leagues make no sense. Simply creates more viewers and more ad dollarsComment -
They are just doing some crazy things.Comment -
Against betting from sport leagues is just an added force to make online betting impossible to be legalized right now, but it is not a deciding factor. It is simply an issue that has too much to risk and with little to gain politically, so nobody significant in the government would like to touch it.Comment -
Bricks and Mortar casinos are present in all but 14 states in the land. They provide hundreds of thousands of jobs. Billions of dollars are being sent outside of the country, being held by foreigners, and in many cases, people are getting ripped off because these institutions are not held to any strict regulation. Gamblers within the United States have to resort to various questionable funding methods due to government regulations.
For me, the United States is looking desparately for jobs. The B&M leaders worldwide are WynnCorp, MGM, Caesars and Sands. All of these are multinational corporations headquartered in the United States. Game designers and suppliers (ShuffleMaster) are also US Based. Slot machines manufacturers and technology are based in the United States. Inotherwords, the leader in gambling and gaming is the United States.
So, if the government opens on-line gaming, I make the following proposals:
(1) All servers much be located and maintained on US soil.
(2) All money and betting must originate on US soil. Funding must come from US banks or US ************.
(3) Casino and Sportsbook must be approved by independent US Based auditors for fairness.
(4) Payment and funding disputes will be adjudicated by a privately funded independent agency.
(5) All gambling winnings will be recorded and reported with 1099s sent to NET winners over say $600 (over the year). Gambling winnings under $5,000 must be reported but will not be taxable.
(6) All gambling from IP addresses outside the United States will be blocked (with a 2 year overlap).
This will accomodate the creation of American based gambling jobs in the order of hundreds of thousands. It will make the software fair. Payouts and funding will be fair. The government will receive revenue from winners. The government will receive revenue from the casinos who make money.Comment -
Partially true. The NFL, NCAA, NBA are most vocal. They claim it can ruin the integrity of their product, and they even cut off the states who try to legalize sports gambling.
But you also have to account for the fact there are a lot of other cockblockers in this country who view sports gambling as immoral. We have a long way to go. Don't count on legalized gambling any time soon.
And considering the way Uncle Sam dicks gamblers on taxes, I'll continue taking my chances offshore.Comment -
one is "regulated" and taxed. one isn't. You tell me which one the US Government wants/has legal.Comment
