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Should Sports Betting Be Allowed Everywhere?

Discussion in 'U.S. Politics' started by Chip, Mar 29, 2009.

  1. Chip

    Chip New Member

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    According to a newspaper wire report on March 24, 2009 ...

    ... "A New Jersey lawmaker is asking a judge to overturn a federal law that bans sports betting in 46 states.

    "State Senator Raymond Lesniak filed a lawsuit that says the federal law is unconstitutional because it treats four states differently than the rest.

    "The law prohibits sports betting in all states except Nevada, Delaware, Montana and Oregon. Of those, only Nevada and Montana currently allow sports wagering."

    The federal law in question is most likely linked to the RICO (Racketeering Influence and Corrupt Organizations) Act.

    Which means that any of you who bet on sports online at off-shore gambling casinos may be breaking RICO Act laws, which comes complete with some undesirable penalties if caught.

    Non-sports casino games that are not allowed in certain establishments in certain states according to state law are another matter ... as is using a telephone wire (RICO Act again) to place a bet, and "telephone wire" now means any kind of telecommunications, including satelite.

    Indeed, one of the last acts that GWB did was to sign into law a prophibition against U.S. financial institutions from financing on-line casino transactions, which means you can't use your U.S. corporation credit card to place on-line bets ... with the financial institution receiving the penalty if you do.

    Some believe that the law is gray with regard to U.S. users using off-shore on-line gambling casinos.

    Regardless, many lawmakers don't want us to throw our money away gambling, and, if we manage to win, and, of course, not declare the taxable winnings, these lawmakers don't like that either (but who cares what they like, right -- these hypocrits want a share of our winnings but they won't let us deduct our gambling losses! Talk about money-grubbers!).

    However, I can understand the point with regard to traditional parlor games like blackjack, roulette, slotmachines, craps, etc. These are dead losers no matter what strategy the player employs, it's always just a matter of time.

    In California it is truly sad, as you can walk into any Indian gaming casino and see gray-hairs throwing their social security money away like it was going out of style -- talk about getting scalped!

    But ... what about sports betting?

    Sports betting is entirely different.

    With parlor games, there's nothing the player can do to change his long-term odds: it's a dead loser.

    But with sports betting, well, that's more like playing the stock market (you know, "legalized" gambling), as the more information you have, the more likely you are to make a sound educated decision on which way the sporting event is likely to go.

    Indeed, there are sports handicappers all over the web selling their prognosticating wares, and it's all perfectly legal.

    It's what we do with the information we buy from them that pushes the envelope.

    I think that sports gambling should be allowed freely, everywhere.

    Yes, I know that some of you who have gone up against me regarding other vices will find it strange that I'm taking this stance on the matter.

    But ... I will qualify my statement: I think that sports gambling should be allowed freely, everywhere, just as along as gambling in the stock market is allowed.

    If there's anything that should be made illegal, it's the auto and medical insurance rackets -- they really look crooked to me.

    And, I think that parlor games should be made illegal everywhere except as home and charity entertainment, as they play upon a gambling addiction that, like with drugs, is a no-win situation for the player.

    But sports, that's different, that's just like playing the stock market, right?

    Well ... what say ye on the matter?
     
  2. Pandora

    Pandora Well-Known Member

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    I thought it was ok to bet on sports. I bet on a basket ball game and won 50 bucks, no one said it was not legal. And every week we do a football betting thing that I never do because I dont like football.

    We used to bet on Mike Tyson fights in Vegas openly. I assumed it was all ok.

    If its not it should be thats just silly.

    Oh and the Oregon Lottery did a scratch off game that tied to the super bowl, if your numbers where the game numbers or something.
     
  3. chestnut

    chestnut New Member

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    Why does the federal government care? Why is it a federal law? That should be up to each state to decide.
     
  4. pocketfullofshells

    pocketfullofshells Well-Known Member

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    land of 10,000 lakes and 2 senators again
    why should the states even decided?
     
  5. Andy

    Andy Well-Known Member

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    Um... cause it's in the constitution that all rights, such as to regulate gambling, is reserved to the state. It's in the 10th Amendment.

    I agree. All gambling should be left to the states and the people thereof. The federal government should stay out of it completely.
     
  6. Ronaldus Magnus

    Ronaldus Magnus New Member

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    I agree completely! I'm not surprised that they would want to pass a law.....I mean they desire to control everything else that is financial.
     
  7. pocketfullofshells

    pocketfullofshells Well-Known Member

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    my point was, what business is it of the state even.
     
  8. chestnut

    chestnut New Member

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    The states are sovrein and answer to the people of that state. If that state deems it necessary, based on the citizens of that state, than it's that states decision.

    The constitution spells out very clearly what the Fed Govt limits are. Only thing, is the people in Washington, not all, forget about the constitiuon and what powers they are endowed with.
     
  9. Chip

    Chip New Member

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    Though historically there has been a downside to Americans gambling in foreign-owned off-shore internet casinos, due to the "house always wins" nature of traditional casino games like blackjack, craps, slotmachines, roullette, etc. ...

    ... There is a major potential upside to allowing Americans to do sports betting at these off-shore casinos.

    All it will take is for a computer programming genius, employed by the government, to develop a sports betting system that beats the odds makers 80+ percent of the time, distributes that winning formula across America, and Americans will then suck foreign bookies dry, and before sports betting is thereby destroyed, we'll have netted hundreds of billions of dollars for Americans, countered the recession-depression, taken people off the tax-payer dole, added billions to government coffers instead ... and America wins.

    Let's hope, however, some other country doesn't beat us to the punch here!

    It's foolish to restrict sports betting when dead-loser casino parlor games are allowed to run rampant.

    I can't help but wonder if state lottery lobbies, "native American" Indian lobbies, and, oh yes, the four states that already have special sports gambling "rights" lobbies, are responsible for maintaining the unfair restriction on sports betting.
     
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