Lawmakers Seek to Tame ‘Wild West’ of Online Gambling

“It changes fundamentally the statute…I’ll say in South Carolinian: it screwed everything up.”

The decision opened the floodgates to online gambling, and now, two and a half years after the switch, a bipartisan group of legislators – including Sen.

“If there is a case that people want to make for online gambling, they need to come to the Congress,” Chaffetz said. I’m on solid footing with people in South Carolina who I represent.”

Attorneys general of 15 states – as well as South Carolina Gov. Rick Perry – have added their names to the list of people who want to turn back the clock on online gambling. Jason Chaffetz R-Utha, are going all in to ban online gambling.

“Basically, it’s been the wild West out there on the Internet, which is of deep concern and that creates a huge problem for law enforcement,” Ayotte said. But not all states are on board; online gambling is an industry that its advocates say can create some major commerce.

“The attorney general’s office, in my view, made a huge legal misstep here, and those of us in Congress who are worried about the effects of online gaming are going to push back,” he said.

It all started two and a half years ago, when the Department of Justice ruled that the Wire Act – which had blocked all online gambling for 50 years – actually only applied to sports betting.

“To say that the Wire Act, after 50 years, only applied to sports betting is an incredible legal stretch,” Graham said. Lindsey Graham, R-S.C., walk together as Graham and other senators head to the floor at the Capitol in Washington, in this July 10, 2013, file photo.” src=”http://a.abcnews.com/images/Politics/AP_jason_lindsey_democrats_mar_140326_16x9_608.jpg” alt=”AP jason lindsey democrats mar 140326 16×9 608 Lawmakers Seek to Tame Wild West of Online Gambling” width=”608″ height=”342″/>J. Kelly Ayotte, R-N.H., are in a scramble to close them.

Graham also shot down questions about whether the legislation, which is being introduced two and a half years after the change in policy, was prompted by GOP mega donor Sheldon Adelson, whose brick and mortar casino empire in Las Vegas faces competition from the online gambling industry.

Mar 26, 2014 7:18pm

“I would say that Sheldon has aligned himself with most Baptists in South Carolina,” Graham quipped. Diane Feinstein, D-Calif., and Sen. Nikki Haley and potential 2016 presidential candidate Texas Gov. “There should not be a single person in the bowels of the Department of Justice reinterpreting law and fundamentally changing the landscape.”

SHOWS: World News

Place your bets: Senator Lindsey Graham, R-S.C., and Rep

Arbitrage betting:a good approach for gamblers

If you are interested in sports betting anyway, you will enjoy learning about this even if you don’t choose to use it. In this way a guaranteed profit is ensured regardless of the result.

There are many sites online where you can learn about arbitrage betting, otherwise known as arbitrage trading, before you commit yourself to using any of your money in this enterprise. In other words, you have nothing to lose.

Some experts say that you need a lot of money to use arbitrage. Some people use arbitrage strategies as a means of generating a good regular income. It is well worth your while to check out arbitrage if you like gambling. This is not so. You have to find at least two bookmakers who offer a high enough difference between odds to take advantage of an arbitrage opportunity. Arbitrage cannot work by using one bookmaker. When you are familiar with the theory of arbitrage betting, you can take advantage of it without losing money. You can become a productive arbitrage better and make more money without paying taxes on it than some people do in well paid jobs.

Betting arbitrage involves placing bets on all possible results of a sporting event so that there is a guaranteed profit on the result. It might be the answer to enjoying gambling without losing money in the process. You can experiment with small amounts of money on sports that have only two possible outcomes to see how it works out for you.

It is also known as scalping. An arbitrage situation occurs when two bookmakers offer odds that differ enough to permit gamblers to back all outcomes and still make a profit. Other people like arbitrage betting as a hobby with the bonus of making some extra money.

The internet provides an excellent way of finding different bookmakers and opens the door to many more arbitrage opportunities than before.

The basic principle of arbitrage involves using the difference in odds between two different bookmakers and placing bets to take advantage of this difference. There is also the possibility that you could make a good income online from home using arbitrage strategies.

With arbitrage, you really can make money online at home on your computer if you take the time and make the effort to learn the strategy.

In summary, arbitrage is the process of using the differences in the odds that two or more bookmakers offer on some sporting events to avoid losing money and ensuring a guaranteed payback. Surf the internet as part of the learning process. Before you spend your money, learn the theory and principles of what arbitrage is and how it works and search online for ways to become successful at it. It works well on sporting events in which there are only two possible outcomes, for example tennis and boxing.

The following short video summarises the principles of arbitrage:

In conclusion, why not try arbitrage betting as an easy, enjoyable, low risk way of earning some money online? It also offers extra appeal to the gambler because it is a way of staying one step ahead of the bookmaker.

Arbitrage betting can also be used in horse-racing where the odds can work in your favour by using different bookmakers.

The Poker and Magic the Gathering Strategy Connection

However, backgammon is not a card game, where Magic is just a strategy based card game. Playing Magic the Gathering doesn’t guarantee that you will be a successful poker player, but it does create an early training ground for poker players. Magic boasts players that are literally taking over as some of the most feared poker, both online and live, players. With the explosion of online poker over the past eight years, the game has started changing even faster. One added feature of Magic the Gathering is that as new cards are introduced to the game every month with new spells and lands the game is always changing. These players include World Series of Poker bracelet winner and Main Event runner-up David Williams, bracelet winner Brock Parker, and feared online players Isaac Haxton, Justin Bonomo, and Adam Levy.

There have been many games that have been training grounds for poker professionals. It’s problem solving, logical deduction.” This logical deduction is a major aspect of playing successful poker, as is critical thinking, and to do so in a very short period of time. Williams and other poker pros still play Magic as an active outlet to poker. One of the most popular is backgammon, which WSOP champion Gus Hansen spring boarded into poker from. Understanding the statistical odds of putting together an effective playing deck can separate a good player from a terrible Magic player. The poker pros who grew up playing Magic competitively had the benefit of this training when those who didn’t had to train their brains along the way.

Each player is a powerful wizard and each action in the game is set upon defeating your opposing wizard, or wizards, in a duel. The only difference in poker is that the statistical probabilities that need to be quickly calculated revolve around pot odds, and hand calculations, and effective betting.

Any poker professional will tell you that poker is always changing. But most importantly it is card game of intense strategy and changing situations.

While the actual calculations needed are very different the training to think critically this way is deeply instilled in all Magic players and transfers very well to playing poker at a high level.

In Magic the Gathering each player starts with 7 cards and must use those cards to protect one’s self and most importantly, eliminate the opponent or opponents through a network of spells and changing lands. Plus it’s fun!

Each card in Magic has a value that can be used in winning the game, but must be used strategically within one’s playing deck just as a poker player needs to understand the strategy behind betting odds to decide the best course of action. The skills gained in Magic are vast and have been absolutely applied to poker by players like Williams, Parker, and Levy.

In an interview with ESPN back in 2009 David Williams explained that Magic “teaches the brain how to work… In poker nearly all actions have a possible positive and negative outcome and the same can be said for Magic. Tactics are altered and so is strategy, but the critical thinking never changes.

Magic the Gathering Trains Young Poker ProfessionalsFor pretty much any guy who grew up in the mid to late ’90s as a teenager or brother of one either played or remember hearing about the card game Magic the Gathering. The subject matter of the game is reflective of the popular role playing game Dungeons and Dragons, but is far more simple and only involves cards.

Understanding basic statistics and probability is also a major part of playing Magic as players draw cards and construct their playing decks. This type of premise reflects very closely to poker, especially tournament poker, in that to win the player must think critically using the cards in hand to bust or defeat the opposing players.

Poker Skills Gained from Magic the Gathering

. Just like any sports athlete poker pros need to train and for the new generation of poker pros, Magic the Gatherings is that training. What is only becoming apparent now is that Magic helped mold many of the biggest young players in poker today

Legalized sports gambling would be winning bet for NBA & NFL

CNNMoney (New York) September 9, 2014: 5:26 PM ET

NBA Commissioner Adam Silver recently said it’s inevitable that legal sports betting could spread beyond Nevada, the only state that now allows it. Legalized sports betting, now legal only in Nevada, could be coming to New Jersey – and other states – soon.

Related: Sports gambling vs. States surrounding New Jersey all have casinos, and could act to legalize sports betting if they thought the Garden State was winning big. That’s the main reason that despite being an attractive and growing market, no major sports team is based in Las Vegas

But New Jersey might not get a long-lasting edge. The National Football League and Major League Baseball declined to comment.

The first state poised to try to join Nevada is New Jersey, where casinos are tumbling into bankruptcy and cutting thousands of jobs. the stock market

NBA spokesman Mike Bass wouldn’t say if Silver’s comments represent a formal change in policy in the league. What New Jersey hopes is that the opportunity to bet on football and basketball will bring in bettors who also throw a few bucks into slot machines and at blackjack tables.

sports book betting A Las Vegas sports book. Chris Christie declared sports gambling decriminalized in casinos and racetracks.

But an attorney for the state’s casinos, Lloyd Levenson, says there are federal obstacles to legalized sports betting that need to be resolved. And he hinted that his league might be less opposed than in the past, primarily because of the interest gambling generates.

Even if the obstacles are cleared, sports betting is not likely to be a cure for Atlantic City’s casino problems.

Don’t bet on that lasting.

. This week, Gov.

“Everybody knows here that if you have a gentlemen’s bet or a small wager on any kind of sports contest, it makes you that much more…engaged in it,” Silver said at a sports forum in New York. He says the casinos hope the problems can be resolved in time for the Super Bowl in February.

Leagues have opposed sports betting because of the possibility it could compromise their games’ integrity — a concern ever since the thrown World Series in 1919. “That’s where we’re going to see it pay dividends.”

In Nevada, the sports books are the least profitable part of the casinos, accounting for just 2% of revenue

Deutsche Telekom plans move into online sport betting

If DSW is granted a license, Deutsche Telekom aimed to take a stake in the company and become its majority shareholder, a move already approved by Germany’s cartel office, she said.

(Reporting by Peter Maushagen and Jonathan Gould, editing by David Evans)

German newspaper Sueddeutsche Zeitung on Saturday reported that Deutsche Telekom planned to offer betting services through a company called Deutsche Sportwetten GmbH (DSW), which is expected to obtain a government gambling concession shortly.

“It is not yet clear what products we will be offering,” the spokeswoman added.

DSW is one of the companies on the list for a license but the final result is still subject to a 15-day waiting period, the Deutsche Telekom spokeswoman said.

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FRANKFURT (Reuters) – Deutsche Telekom is readying a move into online sport betting in a bid for a slice of Germany’s multi-billion euro gambling market, the company said on Saturday.

DSW is currently owned by an Austrian gambling company, which Sueddeutsche Zeitung said planned to continue as a minority shareholder after Deutsche Telekom had bought a stake.

“The sport betting market is booming so an entry is of interest to Deutsche Telekom,” a spokeswoman for the telecommunications provider said.

FRANKFURT Sat Sep 6, 2014 9:03am EDT

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America is founded on the principal that if you don’t like it, then don’t do it — but don’t stop someone else from enjoying it.

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A Safe Bet: Online Gambling’s Good for U.S.

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Gambling is on a roll. Does it?

Online Poker Rooms Finally Ante Up And Repay Players

Robert Reich

It’s Time to Tax Internet Gambling and Make it Legal

Proving poker is a game of skill, not luck, could be a huge win for the online industry revolving around it. And it particularly preys upon people with lower incomes — who assume they can’t make it big any other way, who often find it hardest to assess the odds, and whose families can least afford to lose the money. Cooper” width=”45″ />

Michael B. The necessity of maintaining a strong customer base would motivate legal American service providers to offer legitimate, reputable gambling sites.</p>
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Winning Tips at the World Series of Poker

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It’s Game Time

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Hands are the biggest giveaway when collecting information on your opponents. Many believe that online gambling will soon become as simple as buying an e-book or streaming a movie, and that the convenience of being able to bet from your couch, will present incredible opportunities for entrepreneurs.

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Casino Capitalism

Bill Moyers

In his book, Zombie Politics and Culture in the Age of Casino Capitalism, Henry Giroux connects the dots to prove his theory that our current system is informed by a “machinery of social and civil death” that chills “any vestige of a robust democracy.”

Oregon-Ohio St. on record pace

Monday’s game (8:30 p.m., ESPN) is expected to eclipse both marks.

The semifinal games between Florida State and Oregon, and Ohio State and Alabama each attracted more than 100,000 bets.

– This embed didnt make it to copy for story id = 28161015. “We’ll be into the seven figures (on Ohio State-Oregon).”

Both semifinals — Florida State versus Oregon and Alabama versus Ohio State — surpassed last season’s championship game between Auburn and Florida State in the total amount wagered and the number of bets placed, according to William Hill spokesman Michael Grodsky. But other Nevada books also reported heavy handle on Ducks and Buckeyes.. A record $119.4 million was bet on the Super Bowl last year at Nevada sports books.

“There hasn’t been any six-figure wagers so far,” Avello said. The Ducks opened as 7-point favorites, but the line had dropped to as low as minus-5 during the week. “It’s all been $20,000, $30,000, $40,000, a lot of those on both sides.”

Bogdanovich said William Hill had taken twice as much money on Oregon than Ohio State, heading into game day.

Heading into game day, the College Football Playoff National Championship presented by AT&T between Oregon and Ohio State was on pace to be the most heavily bet college football game ever at William Hill’s Nevada sports book.

“It’ll be easily as big as one of these games we’ve got going on today,” MGM vice president of race and sports Jay Rood said, referring to Sunday’s NFL playoff games. The point spread was growing back to Oregon late Sunday.

John Avello, executive director of the Wynn Race and Sports Book, said as of Sunday night the biggest bets he had taken on the championship game were in the five-figure range.

William Hill director of trading Nick Bogdanovich estimates the Oregon-Ohio State game will attract “20 percent” of the amount wagered on the Super Bowl at his book.

SportsInsights.com, a sports betting analytics site, reported Sunday that 54,981 bets had been placed on the game at the seven online sports books it tracks.

Books are expecting “50-60 percent” of bets to be placed Monday with the bulk of the action showing up in the hours leading up to kickoff.

Some of the increase can be attributed to William Hill’s growth. The prominent UK bookmaker received its Nevada gaming license in 2012 and now operates sports books at 104 locations state-wide. — This embed didnt make it to copy for story id = 28161015.

The excitement generated by the first College Football Playoff has bubbled over to the betting window.

“It’s as big as any college football game that I can remember,” Bogdanovich, a 28-year Vegas veteran, said of the handle.

Las Vegas sports book operator CG Technology reported a flurry of action on the Ducks on Sunday night.

“To have as much as we’ve written before day of the game is pretty impressive,” said Ed Salmons, head football oddsmaker at the Westgate SuperBook.

Oregon was favored by 6 over the Buckeyes at most books heading into game day

New Jersey allows sports betting

Chris Christie’s administration issued a directive Monday allowing the state’s casinos and racetracks to offer sports betting, a move likely to be challenged in court by sports leagues.

Dennis Drazin, an attorney and adviser to the New Jersey Thoroughbred Horseman and Monmouth Park, told ESPN in early September that he believes the track could have an operating sports book within three weeks after legalization.

His action, through the state attorney general’s office, is likely to be challenged by the professional and collegiate sports leagues that fought New Jersey’s efforts to overturn a ban on sports betting in all but four states. branch of William Hill agreed to be the exclusive provider of sports betting at Monmouth Park, but is taking a wait-and-see approach.

Monmouth Park, a thoroughbred track in Oceansport, New Jersey, has been outspoken that it will take the lead once sports betting became legal.

“That to some degree will dictate how the race tracks and casinos move forward,” Beck told ESPN.

The park built a sports bar last year that was designed to be transformed into a sports book quickly if sports betting were legalized.

The NFL had no comment when reached by ESPN.com. “The motion simply would clarify and formalize that authority and give clear guidance to casinos and racetracks waiting to open a sports pool in New Jersey.”

. Jennifer Beck, a Republican who represents the area where Monmouth Park resides, said Monday that she would like to see the track begin taking bets as soon as this upcoming weekend, but wants to see the reaction from the sports leagues.

The professional football, baseball, basketball and hockey leagues, as well as the National Collegiate Athletic Association, all opposed New Jersey’s effort to legalize sports betting, saying it could give the appearance that the integrity of the games has been compromised.

“Based on the arguments of the sports leagues and the United States Department of Justice, the 3rd Circuit has already ruled that New Jersey can carry out sports wagering as described in today’s statewide directive,” the governor’s office wrote in a statement. That effort ended with the U.S. Other leagues and the NCAA did not immediately return messages Monday.

ATLANTIC CITY, N.J. Supreme Court declining to hear the case.

Christie suggested casinos and tracks could start offering betting immediately, but it’s not clear that will happen. State Sen. CEO Joe Asher said in a statement. Rachel Ryan, a spokeswoman for the Meadowlands Racetrack said Monday that the track has no plans to offer sports betting now.

“We are reviewing the Attorney General’s directive and the motion filed in U.S. Like others, we recognize that legalized sports betting is inevitable, and will be a good outcome for customers, states and the sports leagues. The U.S. District Court,” William Hill U.S. In light of our significant investment at Monmouth Park, we are happy that it appears racetracks and casinos in New Jersey will be taking sports bets sooner rather than later.”

The governor said he took his cue from previous federal court rulings that found that nothing in New Jersey law prohibits the casinos and horse racing tracks from offering sports betting.

N.J. — Gov. “Obviously, this is a significant development