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What does repeal of this law do for Pool? Sports Betting!
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336Robin
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What does repeal of this law do for Pool? Sports Betting! - 10-22-2016, 08:05 AM

https://www.yahoo.com/finance/news/c...233042134.html

What could this mean for Pool!


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10-22-2016, 08:11 AM

Sports betting is like marijuana, anyone who wants to do it is already doing it and there's not much there can be done it stop it so the gov might at as well stop spending money to fight it and just embrace it and tax it /endrunonsentence
  
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10-22-2016, 08:15 AM

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Originally Posted by 336Robin View Post
You understand what the unnecessary NAFTA did to trade. There ya go.

Jeff Livingston
  
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Who goes out of business here?
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Who goes out of business here? - 10-22-2016, 08:32 AM

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Originally Posted by chefjeff View Post
You understand what the unnecessary NAFTA did to trade. There ya go.

Jeff Livingston
True,
So who loses a job here?


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10-22-2016, 08:44 AM

Quote:
Originally Posted by 336Robin View Post
True,
So who loses a job here?
I can't answer your question but can provide some background on how it might work out...

You first said it was a repeal. It isn't. It is new legislation, not simply repeal of old.

If it was simply repeal of previous force-backed restrictions, no one could possibly know the whole outcome of it, as folks would just do what they do and then we'd discover this outcome as it develops. That's why the coercive control freaks rarely if ever repeal anything they want total control of.

But this is another attempt to control the outcome via legislation and have us all living as commanded.

Legalization to be able to do ______ sounds like more freedom, but when the man simply is taking over another business/industry, it is really reducing freedom long-term. Just like NAFTA was sold as bringing more trade (an essential thing to survive) it was more CONTROLLED trade, an unnecessary and costly thing that benefits a few of the elite at the expense of the poor and mislead.

It's the same ol' scam repeated. Maybe it will work this time?


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10-22-2016, 09:11 AM

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Originally Posted by 336Robin View Post
It means fewer dollars in the hands of people who might want to play pool.
  
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I dont see that
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I dont see that - 10-22-2016, 09:35 AM

I dont see that. If I want to play pool then I play it. I guess if I'm a compulsive gambler then I might lose my money and then be unable to play. Perhaps that way. It is a choice.


Quote:
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It means fewer dollars in the hands of people who might want to play pool.


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10-22-2016, 10:37 AM

more hands will be grabbing $$$ which results in longer odds for the action hounds


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10-22-2016, 01:24 PM

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Originally Posted by 336Robin View Post
It means absolutely nothing for pool.

Two players playing for cash - anywhere in the USA - is legal today, and always has been.

The gambling laws that you are referring to address the organized betting of a sport where it is controlled by a "house" who is taking a cut of the action.

Good rolls, and you got the 8 if you want it...


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10-22-2016, 03:49 PM

Quote:
Originally Posted by 336Robin View Post
True,
So who loses a job here?
Possibly people in Vegas if not handled properly.

Quote:
Originally Posted by MitchAlsup View Post
It means fewer dollars in the hands of people who might want to play pool.

I believe that gambling money can be made on pool. Those who control the books will want pool more organized and bigger.
  
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That was my thoughts
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That was my thoughts - 10-22-2016, 04:15 PM

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Originally Posted by chevybob20 View Post
Possibly people in Vegas if not handled properly.
I believe that gambling money can be made on pool. Those who control the books will want pool more organized and bigger.
That was what I thought. Big names, Big Matchups, for decent prizes, odds given by the house, bets made, locked in.....Action

I think it helps Pool


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10-22-2016, 04:26 PM

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Originally Posted by 336Robin View Post
True,
So who loses a job here?
Not the pool players. They never had a job.
  
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10-22-2016, 07:03 PM

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That was what I thought. Big names, Big Matchups, for decent prizes, odds given by the house, bets made, locked in.....Action

I think it helps Pool
It would help pool, the same way that it has made the NFL and NBA grow to incredible heights.

Only one problem -- people have to know what pool is and who pool players are before they will place a bet on a match.

It's a great two way winning street for Vegas and the football and basketball teams, but it is all made possible by the television coverage that creates the awareness and interest.

I wish there was a market.

Before any big handles happen in the world of pool there would first have to be interest and exposure created by a promoter who really had his act together.


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10-22-2016, 07:26 PM

#1 The thing is there are so few 'true' professionals and rigidly sanctioned events that the potential for informed bets at volume is limited.

#2 The top players lose short races to nobodies all the time in the early stages of a tournament and go over to the B side and I doubt any house would have enough people betting on early rounds of a tournament to be willing to accept big bets on these. One person could bet big money on SVB losing in a race to 5 day one of a tournament and if they offered odds according to the Fargo ratings, a bookmaker could lose his ass if only a few bets were placed for the early tournament. They need a high volume of bets spread across outcomes for statistics to cover sudden big losses on an unexpected outcome.


#3 I don't know about you but if I were going to bet any amount of money that had a worthwhile payoff on an open tournament, I'd have more fun paying the registration fee and play for myself because...

#4 Top players make a pitiful amount for prevailing through grueling 4-day tournaments, and the bigshots would certainly have far more to gain by betting against themselves and intentionally hanging a 9 in the pocket... So I think you'd see a lot of mid-level competitors mysteriously winning against the elites in the final rounds. (see: Stephen Lee, in snooker, where the prize money actually is enough that people shouldn't be throwing matches)

#5 Which will cause the game to devolve as people get suspended for investigation because of misses, bad rolls, or a risky shot, making sure they weren't fixing their own matches....


Pool needs more prize money and competition to be conducted at a higher standard, with more visibility. There needs to be a massive campaign for it to be included in the Tokyo Olympics.
  
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10-23-2016, 02:37 AM

Gorramjayne, have you ever watched the White Diamond tourney or any other that has a Calcutta? This will show you the huge potential pool has with gambling. I don't gamble but don't have issue with it either as long as it's done respectfully.

Baseball and other sports have went through several betting scandals and have survived. Sanctions have to be harsh for violators. I'm a Pete Rose fan and loath the punishment but I understand why.

Pools format needs to change. These big tourneys will not be the norm. Who has time to watch this stuff?


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