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Is online betting legal?

Discussion in 'The PatsFans.com Pub' started by PYPER, Sep 15, 2007.

  1. PYPER

    PYPER Third String But Playing on Special Teams

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    I've got a couple of bets I really would like to make.

    I've received marketing materials from a few different sports books over the past year but I always throw them away.

    I thought I remember hearing that its was supposed to become illegal but I've read conflicting reports online.

    Does anybody know the truth?

    If betting is legal in Las Vegas or Atlantic City, etc...how could it me made illegal online. At the very least shouldn't I be able to access a website governed by Las Vegas law?

    Does anybody know of a particularly good sportsbook to place bets?

    Amongst other bets, like killing SD tomorrow, I'd like to put some money down on the Patriots going undefeated this year. With everything that's happened, it just seems like the most fitting conclusion to this story. The ultimate ironic twist, not to mention the ultimate "F..K YOU" to the rest of the league.

    I'm curious what kind of odds I'd get for a bet like that. 500/1? I'd put a few bills on that bet. Anybody know whether bets like that are possible?
     
  2. kurtinelson

    kurtinelson In the Starting Line-Up

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    #37 Jersey

    There was some legislation that passed last year regarding internet gaming, but aparently it did not amount to anything. My internet account, which I had prior to the legislation, is still there and nothing has changed as a result of the legislation. There are numerous websites - Sportsbook.com, BetUS.com, Bodog etc.

    Here is a link to an internet gambling guide which recommends some lesser known sites:

    http://sportsgamblingguide.com/

    This is guide is by no means the end all be all. There are definitely pros and cons to the various sites. The bigger sportsbooks tend to have more betting options. Depending on the type of wagering you are doing, look at the percentatge each book takes from winning bets. Sportsbook.com has recently increased its take on winning bets from 10% to 20%. Thats highway robbery.

    Most sportsbooks have futures or proposition bets. There are numerous sites where you pick an over/under on a teams wins (I believe the Pats are at 11.5 or 12), but I have not seen any site offering odds on the Pats going undefeated. The payout on the Pats winning the Super Bowl are actually pretty low.
     
    Last edited: Sep 15, 2007
  3. DynastyDriven

    DynastyDriven On the Game Day Roster

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    Go to BetUs.com hands down the most easiest, hassel free site there is. Payouts come next day by FedEx for free
     
  4. workhorse

    workhorse Rotational Player and Threatening Starter's Job

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    I'm pretty sure it's illegal. But they can't go after the overseas sportsbooks and it's not really worht their while to go after the small guy gamblers. The government tries to make it difficult by going after the financial companies involved. The credit card companies you deposit with and the banks for the payouts.
     
  5. alamo

    alamo praedica numerum! PatsFans.com Supporter

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    The big casinos lobbied Congress (and more importantly to Congress, "donated" money to them) to prohibit online gambling. Casinos want you in their hotel and casino where they can make a lot more money from you than they could online. Congress added the gambling prohibition to a completely unrelated bill and then passed it that day, thus preventing effective review or discussion. That's how it can be legal in Vegas and Jersey but not online.

    Nevada law specifically says you must be present in the state to gamble, so just using a Vegas-located site wouldn't work. This was how they were able to make gambling legal way back when, when all the other states prohibited gambling.
     
  6. PatsSteve1

    PatsSteve1 In the Starting Line-Up

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    I don't think Sports Betting is legal outside of Nevada.
     

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