Legal Sports Betting

  Friday, October 2, 2009

Four states had legal sports betting on their books in 1992 when the federal government banned states from the bookmaking business, and grandfathered in existing legal sports gambling in Nevada, Montana, Oregon, and Delaware.

Of those states, Nevada has a thriving sports book business while the other three had various forms of lottery games that involved sports. In May, Delaware attempted to join Nevada and get a piece of the estimated $400 billion that is wagered annually, legally and illegally, on professional and college sports. That attempt was thwarted in August when a federal appeals court in Philadelphia ruled that sports betting in the First State would violate the 1992 federal ban.

The crux of the appeals court ruling was that Delaware's 1976 failed sports lottery did not constitute enough of a precedent to allow the grandfather clause of the 1992 law to apply. So, at least for now, legal sports betting in the United States will not grow outside Nevada sports books and various forms of horse and dog racing.

The implications of widespread sports gambling for the African American community are worth discussing. Though the Super Bowl is the most wagered sports event with $10 billion estimated to change hands, the NCAA Men's Basketball Tournament is thought to be second, with an estimated $6 to $7 billion wagered legally and illegally.

While Super Bowl players are in many cases millionaires earning hundreds of thousands of dollars for their playoff runs, NCAA Men's Basketball players are unsalaried, often without family money, and in some eyes ripe for the taking by gamblers. About three out of four are African American. Are college basketball players in particular apt to be influenced by gamblers, and are college athletes in general at greater risk due to the fact that the payoff for playing college sports is vastly different than the payoff a pro athlete receives from his sport?

Mitch, 52, a regular visitor to Las Vegas sports books during March Madness who played guard for U.C. Irvine's basketball team in the 1970s, doesn't think so. "I personally believe it is very difficult for an individual in a team sport to execute a point shaving scam. While it is possible, I do not think the risk warrants future regulation of legal sports betting."

The facts would seem to bear Mitch out. While there have been intermittent gambling scandals, particularly in college basketball, since about 1950, there has been no increase in known point shaving scandals even as the money wagered has grown exponentially in the last decade.

The last dustup occurred in the early 1990s and involved North Carolina State player Charles Shackleford, who is African American. ABC News reported that during the 1987-88 season as many as four N.C. State players, including forward Shackleford, conspired to hold down the scores of four games in return for cash payments from a New Jersey contractor. According to the report, one of the games was March 6, 1988, against Wake Forest. N.C. State defeated Wake Forest by four points, after being favored by 16. According to Shackleford's lawyer and agent, Sal DiFazio, Shackleford never shaved points, although he admitted taking $65,000 from two men. Shackelford said the money was a loan.

The notoriety did not affect Shackleford's pro prospects. He played six NBA seasons with the Nets, 76ers, Timberwolves and Hornets; plus several seasons in Europe. Would an NBA team employ a non-star if the team believed it could not trust him to play honestly?

Jeff, an executive recruiter in Southern California, has played fantasy football and baseball for years and is fluent in the language of point spreads. His point of view is pragmatic and optimistic. "Admittedly, legalization of gambling will make it much more accessible, but the solution does not lie in controlling access. The specter of expanded gambling is an ideal example of one of our greatest challenges (and opportunities) as a society - we need to emphasize the importance of ethical behavior in all aspects of our lives and our activities, and we need to be able to look to our sporting heroes as the example to follow."

The bottom line: gambling is a fact of life in American society and sports whether legal or illegal. Unpaid, less wealthy, often African American; athletes, in college may be at greater risk, but with a vast majority of games on television, they are also watched more closely than ever. Legal sports gambling is merely a vehicle for states to get a cut during difficult financial times. The risk of players shaving points or throwing games is no greater or less, regardless of whether the action is taxed or part of a black market economy.

The Three Rules of Making Money on any Sports Betting System

  Thursday, October 1, 2009

If you want to make money while enjoying yourself, then look no further than sports betting. And the fact is that you can make money on sports betting system to be exact. So the big question now is that what kind of sports betting system should you use? Well, there are lots of systems out there now, what with the growing number of people who bet on different sports through the internet. So what should you choose and stick to and what should you avoid like the plague? Well, here is a rundown of some of the most important facts you need as a sports bettor.

First, you should not be lured into giving a huge amount of money by anyone, no matter how convincing they may sound. In this day and age, the internet is the number one scammer so it should be easier for you to resist temptation when you are looking for a sports system that you will use. No matter how convincing a specific sports system may be, you should do a bit of research first and look for proof. You should really be wary since betting accounts – which are used as proof by many sites – can actually be faked.

Next thing that you should check out when you want to commit yourself to a specific system is the money back guarantee. If it is a bit unclear, then you might want to email the person or company behind it. If you don’t receive an email, take that as a sign – of bad luck, that is. Don’t use that system. If they can’t clarify or tell you exactly how you can get your money back if you are left unsatisfied, then chances are you’ll end up losing most of your money anyway.

Last thing that you should take note of when you want to make money on sports betting system is to be patient. Sometimes, even the most fool proof of systems can take time.