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I think despite Bills defense, which could be the top with Rex Ryan, Luck should be able to get a couple scores on them. Bills are not in the same league as a team. Luck is one of the best QBs, have a rugged RB in Gore and a new WR in Andre Johnson. I don't see how Colts don't cover. Luck will find a way to win and it will be more than 2.
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Fantasysports1 | 27 |
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replied to
Sports betting legalization is coming to the US. NJ court decision within days....
in General Discussion
If the vig the government takes on sports betting is so high, what would the incentive be for people to bet? If only a small percentage can win at 10% vig and pros cannot win at the supposely higher rate, there would be no reason to bet on sports.
I am pretty sure there will be alternatives whether online or state where the vig will be beatable like it currently is.
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vanzack | 85 |
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replied to
Sports betting legalization is coming to the US. NJ court decision within days....
in General Discussion Quote Originally Posted by 1129ken: This is the reason no honest gambler even PRETENDS to make money at the track. Or government can just tax the profits. I don't think it would be wise if the vig is so high where hardly anyone can profit compared to the amount of people that can now. It is possible the vig could be lowered as sports betting becomes more mainstream and accepted. There would be any site that could lower the rate and then everyone else would have to or they would not get business.
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vanzack | 85 |
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replied to
Sports betting legalization is coming to the US. NJ court decision within days....
in General Discussion
So now what would the win rate need to be on top of the standard 10% vig to breakeven? What would be the point of sports betting if a lot less people are able to be long term winner after government juice?
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vanzack | 85 |
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replied to
Sports betting legalization is coming to the US. NJ court decision within days....
in General Discussion
The main thing I think is the ability for pro betters to make a secondary or primary living. If you don't live in Vegas you are limited in how much you can get down.
A pro better now can play full time. I don't know if there would be a strict limit to how much one can get down in the event of legal sports betting. What happens if you are a pro and you are making a lot, would they just shut you down or really limit you so now you can't make much of a living? I could see a situation where the NBA creates it's own betting product online. If sports betting is legal, could there be large online sports betting books? Would they care if someone is winning a lot online?
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vanzack | 85 |
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replied to
Sports betting legalization is coming to the US. NJ court decision within days....
in General Discussion Quote Originally Posted by vanzack: No, I think it is you who totally missed the point. The reporter was asking if the fact that fantasy sports are legal makes it crazy that betting on the game isn't legal. You can make your own team of fantasy players and wager on it - but you cant wager on the teams on the field??? That is crazy to most people. So the law that was passed in 2006 that tried to outlaw sports betting that at the same time allowed fantasy sports betting - is basically the law that 10 years later will allow sports betting to become legal. And don't give me the BS about fantasy sports being a game of skill. That is laughable. Handicapping a winner is not skill? Please. I did not say that capping is not a game of skill. Fantasy sports is definitely a game of skill where luck can play a big part. There are guys who are EV + in big money leagues in season long fantasy football that can consistently earn a positive ROI because they have a certain level of skill, preparation and activity. There are scoring formats in season long where if you finish in the top 2 in total points during the first 12 weeks or so you will earn a positive ROI on the entry fee. Competition is a major part of fantasy sports. If you play in leagues where the managers don't know the sport that well and are not that diligent a highly skilled manager and place in the money probably at a high rate. Same as in competitive leagues.
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vanzack | 85 |
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replied to
Sports betting legalization is coming to the US. NJ court decision within days....
in General Discussion Quote Originally Posted by bigvern1013: Would like to hurry up and get to the finish line on this stuff.....sports betting needs to be legalized so the evolution of the industry can begin in earnest. Shops competing for customers via reduced juice....signup bonus packages.....huge, liquid futures exchanges that are sports based.....live in-game wagering with maximum liquidity, and technology that rivals the CME and NYSE.....all being backed with 100% guaranteed financial transactions. This is how earning substantial sums of money betting sports without the current systematic risk could become possible from your own home. The tax revenue generated from legalized gambling and marijuana could balance the books in short order. Time to can the nanny state, and bring freewill back into fashion. I think that it is a good thing only for the pros that are EV+. You are going to get a lot of new people betting on sports because of the accessibility. A lot of people will be losing money. Probably will see groups of pros trying to gain a competitive edge or mutual funds/ hedge funds that operate in this space. Probably more people will be able to make a living off this as well due to the ability to get money down conveniently and often.
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vanzack | 85 |
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replied to
Sports betting legalization is coming to the US. NJ court decision within days....
in General Discussion Quote Originally Posted by vanzack: Good 4 minute video that was on CNBC today. https://www.nbcnews.com/video/future-of-sports-betting-475235395985 The reporter does not know what DFS. DFS is legal and it is incorrect to include it with this discussion of the legalization of sports betting. DFS is not technically considered gambling and is a defined as a game of skill. The DFS industry is growing and is lucrative for the companies and pros who have the bankroll. I think that some pros may focus more on sports betting as it is easier to manage.
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vanzack | 85 |
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