NEW JERSEY SPORTS BETTING-AIN'T DEAD YET

[rezlegal]

TP-When OTBs started in the 1960s ( you were clearly not yet around) everyone said the same thing and that was long before ADWs and the invention of the internet. While it may take awhile for  regulators in most states to figure this out, a huuuuge new market is about to open. I have never made a sports bet with a bookie ( have a brother and friend in your city so it doesn’t matter) but I will absolutely have a mobile account in when it becomes available.There was $248.8 billion bet on sports in Nevada  last year. Freaking Nevada! Multiply that number by the 10-20 states predicted to have sports wagering. I believe a vast new market of potential horseplayers can be marketed if handled correctly. But boy, that is a big IF! ( btw-  I believe Betfair just bought draft kings!)

[TempletonPeck]

rezlegal Wrote:
-------------------------------------------------------
> TP-When OTBs started in the 1960s ( you were
> clearly not yet around) everyone said the same
> thing and that was long before ADWs and the
> invention of the internet. While it may take
> awhile for  regulators in most states to figure
> this out, a huuuuge new market is about to open. I
> have never made a sports bet with a bookie ( have
> a brother and friend in your city so it doesn’t
> matter) but I will absolutely have a mobile
> account in when it becomes available.There was
> $248.8 billion bet on sports in Nevada  last year.
> Freaking Nevada! Multiply that number by the 10-20
> states predicted to have sports wagering. I
> believe a vast new market of potential
> horseplayers can be marketed if handled correctly.
> But boy, that is a big IF! ( btw-  I believe
> Betfair just bought draft kings!)

Hello Rez!

You are correct, I wasn\'t around in the 60\'s (actually I can pretty confidently say I hadn\'t been dreamt up yet..).

I am not so sure about that $248.8b figure, I think it may have been misreported.

The Nevada Gaming Control Board says the statewide hold last year was $248.8 million on sports gaming. Handle was $4.87b.

Discsussion here: https://www.legalsportsreport.com/18130/nevada-sportsbooks-2017/
NGCB reports available here: http://gaming.nv.gov/index.aspx?page=31&parent=3706

I don\'t mean to call this a \"nothing burger,\" - it\'s a something, I\'m just not yet ready to get long(er) on all gaming stocks based on this. I certainly do agree it has potential to generate business for horse racing (as you say, big if!).

[Fairmount1]

I am cheering for Monmouth on this battle it will now wage against those that opposed them.  On another note, has there been ANY statement that they will raise purses this summer?  Or even crazier, have they mentioned they will lower takeout?  I know the answer to the latter q w/o looking......

https://www.app.com/story/sports/2018/05/15/nj-sports-betting-monmouth-park-chasing-leagues-damages-after-court-fight/610895002/

[breakage1]

It matters a lot in sport\'s futures. It sucks to tie up money for the length of a season if same bet can be made on credit.  With some of them a case can be made one is better off putting the cash into a CD given the length of the season and the small profit margins in futures betting.

My general opinion is the gambling tide raises and lowers all ships.
There are very few losers if any here and nothing but winners.
Although like all gambling projections the projections are ludicrous.

[Topcat]

At least one gaming-industry site posted that they\'d seen an announcement from Billy Hill that they\'d open with -110.  

If they don\'t pile any other hidden fees on top of that, they should do OK on the baseball.   Some of the more substantial Vegas houses live on baseball at -05.  They\'re just happy to keep the seats warm until September.