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5 myths of sports betting legalization

Home | gambling | 5 myths of sports betting legalization

If it’s legalized, there will be huge changes, but some assumptions are simply off.

The thought process here is that with legalized sports betting available locally, there will be less interest in making the trek to Sin City to wager on sports. I will likely have to put money on deposit to do so. Maybe more so.

And I have heard some mention licensing fees for data, but haven’t we already covered that in lawsuits against both the NBA and Major League Baseball Advanced Media (MLBAM)? In both cases, statistics and data were ruled to be public, not a private asset for which the leagues could charge a license fee.

“One of the things that makes sports betting so interesting is that it is probably by far the most widely participated in form of illegal gambling. Sen. How will it be regulated? How involved will the government be? Will it be federal enforcement or on a state level?

I understand the argument that legalized sports betting could expose more people to gambling and the increased ease and access will create more problem gamblers, but I simply don’t buy it.

There are a lot of unanswered questions regarding legalization of sports gambling in the U.S., and it will be fascinating to watch how it unfolds in the next few years. 4: It will damage the sports betting business in Las Vegas

In that time span, we all know that Vegas has flourished. District Court Judge Mary Ann Medler ruled in favor of CBC, stating that “statistics are part of the public domain and can be used at no cost by fantasy companies.” One would infer that the same would apply to legal bookmaking operations.. This credit relationship will be hard for many gamblers to give up.

Until many of these questions are answered, it will be difficult to draw any hard conclusions about the ramifications of legalized sports gambling in the U.S. Say I set up an account with Legal Sportsbook A. This is the type of financial recklessness associated with problem gambling.

Furthermore, once sports betting becomes legal the negative stigma behind it will eventually disappear, which will make it a bit easier for problem gamblers to ask for help. There are no credit checks or margin calls until it is time for me to pay. Yes, trademark images and logos would be a different story, so I could see the leagues getting marketing deals, but I don’t see that as a huge windfall for the leagues.

At any rate, I really don’t see legalized sports betting in other states having a big impact on the sports betting business in Vegas.

Silver echoed this sentiment when discussing his personal revelation in an exclusive interview with ESPN. “The Donaghy controversy also made me aware how important it is that we have a way of monitoring irregular activity on our games,” Silver said. bookmaking powerhouse William Hill has already set up an operation in New Jersey, and MGM CEO Jim Murren has said his company is interested in expansion.

This is the easiest myth to dispel. Many bookies will allow me to get more credit and continue to gamble. In fact, there’s an argument that exposing more people to sports gambling in their native states will make the general concept of sports gambling more approachable, ultimately leading to a larger overall percentage of sports fans-turned-gamblers.

Myth No. Those who believe that legalized sports betting will lead to more risk of game fixing simply don’t understand why games are fixed. Second, operators will need to run a cost-effective business, which may prove difficult if there are a lot of other hands to feed besides the government.

Myth No. This is not how most bookies work. Legalized sports betting would elevate these now somewhat esoteric notions into the mainstream conversation about sports. These days, most bookies provide both a phone number and website where bets can be made.

When I think about the best way to legalize sports gambling from a logistical standpoint, I get a headache. This mirrors a similar concern that some had 25 years ago when Indian and commercial casinos began sprouting up all over the U.S.

The topic of federal legalization of sports betting has been brought up before, but it has gained steam since Adam Silver’s November New York Times op-ed and after Silver’s cover story in ESPN The Magazine’s Gambling Issue. 1: It will result in large revenue for the leagues

Las Vegas sports book operators are already looking to expand to other states. Since sports gambling is currently something that happens in the shadows, problem gamblers are likely to hide in that shadow until it is too late.

Myth No. It’s a pretty reasonable assumption that it’s easier to fix a game in an environment where most of the money wagered is impossible to discover or track by the government. 5: It will create greater risk for game fixing

Here are the top five myths about legalizing sports betting and why they’re wrong:

Mr. The two biggest reasons people bet with bookies (beyond the lack of alternatives) are the convenience and the line of credit. Vegas has had to reinvent itself as a place that is about more than just gambling. 3: It will put local illegal bookies out of business

Those who believe this simply don’t understand how sports betting with a bookie works. “But for the FBI knocking on our door and notifying us about Donaghy’s betting, none of the systems that we then had in place had captured any betting by Tim Donaghy.”

Myth No. The U.S. Purdum, an expert on the subject, has been vocal in his belief that online sports gambling will need to be a big part of the new legalization plan, and I share his belief, as betting on a phone and computer is simply much more convenient than driving to a brick-and-mortar sports book and making a wager. But let’s say I have a bad losing streak and end up down more than $1,000. First off, the government will only legalize if it is going to get significant revenue. U.S. operation for the U.K. In addition, customers are far more inclined to place a wager when they don’t have to put any money down.

Myth No. Are fewer people gambling because they can do it in their home state?

Once games happen, the stats are public domain. In order to grow the pie large enough, these conveniences must be provided to gamblers. Illegal sports betting has some characteristics that can lead to problem gambling more than legal betting would.

The National Council on Problem Gamblers has found that problem gamblers are most often involved in illegal gambling, so moving toward a model where more gamblers are doing it legally can only help.

I see the same trend happening if sports betting gets legalized in the U.S. Concerts, shows, high-end nightclubs and restaurants draw people to Vegas as much as the gambling does. However, there are certainly some myths that I believe can be dispelled.

In addition, game fixing would be easier in a world where fewer people track or are even aware of things like point spreads and over/under bets. John McCain (R-Ariz.) also recently said that Congress needs to hold hearings to discuss legalizing sports betting.

Those betting with bookies have predetermined settlement terms. Illegal gambling is one of the factors that’s associated with gambling addiction,” Keith S. If something shady were to occur in a game around a betting proposition, raised awareness by the public about gambling in general would help highlight any improprieties before, during and after the match.

While it seems that the question of legalizing sports betting presently is more of an if than a when, there remains a great deal of uncertainty regarding what it would look like. Whyte, executive director of the NCPG, told my ESPN colleague David Purdum.

There is simply no way the leagues could ask for a percentage piece of gambling revenue, as this would result in a huge conflict of interest. When I lose this money, it’s gone, and I can’t bet until I put more money on deposit. In addition, asking for a percentage based on the overall handle (total amount wagered) will cut into the margin of the sports books too significantly.

The real value for them will be potential marketing dollars and increased fan engagement, not licensing fees for data or direct revenue from wagering.

In the most relevant case, CBC, the parent company of CDM Sports, a fantasy provider, sued MLBAM after being denied a new fantasy sports license. (It’s common for bookies to offer rebates to their big customers.) This will be difficult for legal bookmakers to compete with.

My answer is a solid maybe. I am concerned that the overall pie, even with online gambling, may not be large enough for the leagues to make the money they are hoping for.

Since bookies will not have to pay taxes or licensing fees, they will be able to offer better margins or incentives to their customers. Some are based on a time frame, while others are based on going over agreed-upon limits. There are going to be a lot of hands in the cookie jar. In the latter case, I set up a credit arrangement with Illegal Book B and we agree that I will pay every time I go over $1,000. This year, it is on pace to welcome a record 40 million visitors. The experience of going to Vegas is becoming less and less about putting down a sports bet and more and more about the experience of everything else. In the past two decades, although total revenue has risen, percentage of revenue from gambling has decreased from close to 60 percent to last year’s 38 percent. 2: It will create more “problem gamblers”

Here’s an example

Suspicious bets mostly around tennis in 2015, report says | Reuters

Home | gambling | Suspicious bets mostly around tennis in 2015, report says | Reuters

But it is not proof or evidence that corruption has taken place.”

The organisation, established by regulated bookmakers to monitor suspicious betting patterns and guard against match fixing in sport, said 73 of the 100 events that raised concern involved tennis.

The spokesman added that factors that can influence results — such as player fitness, fatigue, form, playing conditions and personal circumstances — are analysed and if there are concerns about “suspicious activity” the TIU will investigate the matter..

The ESSA report said that in the final quarter of 2015, there were 35 sporting events deemed to be suspicious with tennis accounting for 24 of them and soccer eight.

“An alert can be an indicator of suspicious activity.

A top global bookmaker also suspended betting on a suspicious match at the Australian Open.

“All information supplied by betting operators is analysed by the TIU,” a TIU spokesman said in a statement.

Match-fixing allegations by the BBC and online BuzzFeed News broke before last month’s Australian Open.

LONDON Tennis accounted for nearly three quarters of all the suspicious betting alerts issued last year, the European Sport Security Association (ESSA) said in a report published on Thursday.

Geographically, 38 of the alerts originated in Europe, 24 in Asia, 16 in North America and 11 in South America. Africa accounted for nine.

(Reporting by Alan Baldwin, editing by Pritha Sarkar/Toby Davis)

Tennis was more evenly spread globally, led by Asia (19 cases), Europe (18) and North America (14).

“The data in our Q4 integrity report reflects previous quarters and, whilst tennis constituted the largest proportion of suspicious betting alerts identified by ESSA members, it should be noted that the vast majority of tennis events are fair,” he added.

“The start of 2016 has seen a worldwide focus on alleged match-fixing in tennis,” wrote chairman Mike O’Kane in an introduction.

The allegations were further fuelled by former Australian professional Nick Lindahl pleading guilty in January to match-fixing in a minor tournament in 2013.

For the whole year, soccer triggered 19 alerts while table tennis, ice hockey, snooker and greyhound racing each featured twice.

Tennis governing bodies set up an independent review panel last month following media reports criticising the Tennis Integrity Unit (TIU) for not adequately investigating some 16 players repeatedly flagged over suspicions they had thrown matches in the past decade.

The review will take at least a year to investigate allegations of corruption in tennis and the effectiveness of existing procedures.

Most of the cases of suspicious betting in soccer occurred in European matches

Everything You Always Wanted to Know About the History of Boxing

Home | gambling | Everything You Always Wanted to Know About the History of Boxing

While he himself was trained in boxing as a young man, he also promoted it as a manly sport. A lot of money was involved in such fights, with the victorious individual winning hefty amounts. However, the following Anglo-French war for colonial dominance that took place during the 1780s, triggered a strong nationalist sentiment in the people of England in general. In 1892, in New Orleans, the title for the first heavyweight champion under the Queensberry Rules was spectacularly fought between John L.

Daniel Mendoza was a Jewish fighter and so was often referred to as ‘the Jew’.

A lot of fights began to be arranged during this time leading to a lot of new pugilists rising to popularity. However, the sport itself fell into a state of obscurity after the downfall of the Roman Empire. The Greek epic Iliad, an 8th century B.C. commenced in the 70s which could be viewed live on color television sets. Also, Theodore Roosevelt advocated boxing to a large extent. Owing to this, boxing took one more leap forward.

The new generation of boxers are also an energetic and spectacular breed. The ‘Marquess of Queensberry Rules’ was a set of 12 rules which called for the mandatory use of gloves during the boxing match, a standard size of the boxing ring, dividing a boxing match into different rounds of three minutes each and a count of 10 seconds for a complete and an undisputed victory. As a result, owing to the development of boxing as a white-collared sport in England and the valuable contribution of their very own Jack Broughton to it, boxing also re-emerged, alongside many other things, with force and double the energy. However, the sport itself is mired with stories, controversies, contradictions and of course, personal enmities. It became the sport of the masses, a sport in which men from every race, class and creed could participate. A major part of this physical sport then involved fencing and cudgeling. Ali was stripped of boxing title and license, after which he did not make a ring appearance for four years. People from all walks of life would flock to the venues and this spectator sport was usually held at underground locations like the Lillie Bridge in London which was often subject to raids and arrests by the local police. Moreover, every new kid on the block, brought with him his own style of fighting (staying within the framework of Broughton’s rules) which gained more and more fame for the sport. In this quest of gaining knowledge from the sources of antiquity, the curious Europeans stumbled upon ancient references to boxing which triggered a renewed interest in the sport.

The ‘Gillette Friday Night Fights’ program that aired live boxing matches from around the globe on NBC and later on the ABC network, was a rage.

In the 1950s, the world had started finding its feet economically after World War II.

So, in ancient times, boxing was in a very primitive stage.

18th century Europe saw the age of Enlightenment. Boxers such as Sugar Ray Leonard, Thomas Hearns, Roberto Durán and Marvin Hagler continued to intrigue the spectators. He, however, returned to the boxing ring in the 1970s.

The 18th century Revival

Boxing, today, is a multimillion dollar sport that has inspired and garnered millions of passionate followers throughout the world. The result of the match saw James J. Sullivan (Boston Strong Boy) and James J. He also has a record of winning 73 matches in a row. Later on, though, it was included in the Olympic games and thus became a full-fledged sport rather than making ceremonial appearances. Suddenly, everybody wanted to do things that they thought were truly ‘English’. The upper class elites indulged in more noble forms of entertainment and regarded boxing as a savage sport.

Establishments like World Boxing Association (WBA), World Boxing Council (WBC), International Boxing Federation (IBF) and the World Boxing Organization (WBO) began pitching competitions against each other.

In countries like Cuba, North Korea and Norway, professional boxing still remains banned.

Soon enough, boxing grew to international heights and ‘professional boxing’ emerged in many countries. These stalwarts in my opinion are men who have fought for guts and glory and forever left an indelible mark in the minds of fans. On the contrary, the one who lost was either killed in that combat or was retained as a slave for the rest of his life.

The ‘Marquess of Queensberry Rules’ borrows the name from the 9th Marquess Of Queensberry, Sir John Sholto Douglas.

In 1838 came the introduction of the ‘London Prize Ring Rules’ which were to be revised later in 1853.

Though many people thought that such kind of dance-like moves gave a crude tint to the otherwise white-collared gentleman’s sport, the sport did manage to get a considerable fan following of the young and the old alike.

What had commenced on dingy streets and shady taverns, evolved into a stage with cheering spectators and spotlights; Boxing had officially arrived!

Despite the establishment of the ‘Marquess of Queensberry Rules’ and the soaring popularity of the sport, boxing in the late 19th century came to be outlawed in U.K.

A Leap Forward

What started off as a competitive sport mainly played for betting, boxing has come a long way from what it used to be. Despite all this, in the 21st century, the glory that boxing once achieved and enjoyed, seems to have diminished considerably with other more glamorous and supposedly elitist sports such as cricket and football coming to the forefront.

Men began looking at boxing as a way of defending themselves from hooligans who menaced all across the streets of London.

The popularity of boxing was thus increasing at a tremendous speed.

The first officially recorded boxing match took place in England, where Christopher Monck, an English politician set up a contest between his butler and his butcher. But still, boxing was in a very rudimentary form, in that there were no defined rules and regulations about any aspect of the sport. Possibly, the very fact that it is a brutal combat sport, wherein participants take on each other, one on one, plays an important role in creating the hype that exists around modern boxing.

The Beginning

Mike Tyson (1985-2005): As a boxer, there was no question that Tyson makes an important part of this list. J. Television had made its way in a majority of homes and international network providers featured live sport broadcasts. The modern professional boxing scene saw many legends showcasing their talent since 1920s. This was when the term ‘boxing’ was coined.

As a sport, boxing has given the world great men and excellent sportsmen. It did make minor appearances in the form of bare-knuckle fighting during the Renaissance age in 16th century Europe, but did not manage to gain enough popularity, as it was then practiced predominantly by the lower classes. The code of these rules was penned down in 1865 by a Welshman called John Graham Chambers, who was an all-star athlete and sportsman excelling in boxing, cycling, wrestling, rowing and billiards. But at the same time, he is also a classic case of how too much of publicity and adulation can be extremely bad for a person.

Did you know?A British periodical, London Protestant Mercury, featured the victory of James Figg in bare-knuckle championship in 1719 for the first time ever in the history of prizefighting. These rules were eventually succeeded by ‘Marquess of Queensberry Rules’ that set the parameters for modern-day boxing. This definitely makes him one of the greatest boxers of all times.

Rocky Marciano (1948-1955): One of the hardest punchers of all times, Marciano remained undefeated in all the 49 matches which he played. It was officially ranked as the most difficult sport by ESPN in 2004. The attack and defense strategies, gradually began to change from their orthodox bare-knuckle counterparts. An immortal legacy has been shaped by various champion boxers, who came, reigned and left. When one of the boxers was too tired and injured to fight any further, the other one was declared the winner.

Sugar Ray Robinson (1940-1965): One of the few sportsmen who have a commemorative stamp in their name, he is regarded as one of the greatest boxers to ever have set foot inside the ring.

Mike Tyson, in 1986, was reigning supreme at the peak of his career with the World Heavyweight Champion title to himself.

Boxing in the 1980s and 1990s featured some of the most magnificent matches, primarily financed by the corporates. Chambers was also an honored member of the International Boxing Hall of Fame. Some sources also tell us that in ancient Rome, where slavery was deeply rooted, boxing matches were arranged for those slaves, who sought freedom. The competitors were divided into lightweight, middleweight and heavyweight in accordance to their physical characteristics which broadened the possibilities of participation. This was the period when the people of Europe looked keenly into their ancient sources of knowledge and wisdom and tried to incorporate them in their daily lives. The rules, however, revolved around bare-knuckle boxing only and upheld Jack Broughton’s legacy for a little over a century. Everyone was suddenly very curious to know about their roots and the origin of things. The combat took place between two such slaves and the one who won was released from the bonds of slavery. More and more people wanted to learn the sport and be an active part of it. Vijender Singh, a small town boy from India was also recognized by the International Boxing Association which announced him as the top ranked boxer in the annual middleweight category in 2009. The 90s paved way for many talented newcomers like Evander Holyfield, Lennox Lewis, Floyd Mayweather Jr. The whole vibe and accord of times that saw these champions in action is ineffable and still vests in the hearts of many. Gambling and betting on the fighters came to be a rage with huge stakes involved.

The 1867 draft of the ‘Marquess of Queensberry Rules’ paved the way for a number of amateur competitions at popular venues throughout London. Several legendary fights of all time are still reminisced upon by ardent fans and spectators. Matches for boxing titles in accordance to divisions such as lightweight, heavyweight, etc. But, will there be another iconic era for boxing? Only time will tell!

Willie Pep (1940-1966): This Italian-American boxer has a record of 229 victories out of the 241 matches that he played. Boxing event organizers, promoters and managers generated a heavy amount of finance through their work. One famous incident was the 1938 match between Max Schmeling and Joe Louis that resulted in Schmeling’s defeat after which he was compelled by Adolf Hitler to enroll in the German armed forces. This was the first true revolution that happened in the field of boxing. Boxing has also been controversy’s child through time. However, a lot of prominent promoters were either involved with the Mafia, or were the Mafia themselves, and boxing transitioned into an intense and notorious backdrop. The butcher eventually won and was rewarded.

The wealthy English aristocrats began to patronize bare-knuckle fights among the boxers whom they chose. The introduction of gloves changed the entire pulse of the game. Whoever wished, could take part, and anybody could fight anyone. Players were prohibited from wearing boots with springs or even from hugging the opponent or wrestling with him. It was one of those competitive sports wherein contestants either lived or died, or in some cases suffered irreparable injuries. Numerous boxing schools and academies sprang up all across England and, not surprisingly, most of them were soon overflowing with applications. This was followed with the establishment of boxing commissions, legal sanctioning and governing bodies. The resurrection of boxing finally came about. Some of these boxers included Henry Armstrong, Joe Louis, Max Schmeling, James. Some of the basic rules that shaped conventional boxing since then, included

The use of ‘mufflers’ or padded gloves,

Prohibition to attack and grapple an opponent below the waist, and

Disqualifying a player if he was unable to get up and fight back within a prescribed time limit of 30 seconds, after being knocked down by his opponent.

Broughton is said to have formalized these rules after he injured an opponent in a prize-fight so severely that he eventually died.

Glamor to the Glitz

Muhammad Ali (1960-1981): Possibly a living example of why boxing is called a lethal sport, Muhammad Ali has been revered all over the world as one of the greatest boxers ever. Braddock, Jack Dempsey, Jess Willard and Georges Carpentier amongst many others.

Journey Thenceforth

Roosevelt wanted all men of America to be strong and sturdy and regarded boxers to be “men as hard as nails”.

The ‘Marquess of Queensberry Rules’ then transitioned as the foundation of boxing governance into the USA and Canada. Fighters from Cuba, Russia, India and USA have shown some serious talent in the recent times, and the world has witnessed several women’s boxing tournaments as well. Corbett (“Gentleman Jim” Corbett).

The Torch is Lit

After Jack Broughton’s era as a bare-knuckle champion, the interest of English aristocracy in boxing faced a decline. Shortly after this era, in the 20th century, boxing, through its highs and lows came to be recognized as a prominent part of society and featured many influential promoters and legendary champions. Boxing Championships were now, not only limited to the United States and England but was also hosted by many other countries like South Africa, Japan, Australia and Argentina.

With the dawn of the 20th century, Germany emerged as an epicenter for boxing with a number of talented boxers to its credit. He brought with him, his unique style of boxing footwork and counter punches.

One such controversial boxing legend during the 1960s was Cassius Clay (Muhammad Ali), who embraced Islam and was charged with evasion of not serving the U.S. work by Homer, illustrates how boxing was a sport that was played in the form of ‘prize-fight’ during funerals. A professional British boxer, Amir Khan, shot to fame quickly with the WBO Intercontinental, Commonwealth and WBA International titles to his name. Because it essentially involves fist fighting, the practice may have existed, not as a sport, but as a form of violent encounters, even during the prehistoric times.

Owing to his contribution to the sport, Jack Broughton is known as the ‘Father of English Boxing’.

In order to avoid such gruesome situations, in 1743, a set of rules were introduced for all boxing matches which were supposed to be played thenceforth. Corbett emerge as the victor. as the law was a little skeptical about the motive of this prizefighting sport that was usually held at shady venues. One such name that rose to prominence was a London-based pugilist called Daniel Mendoza. His fights, particularly with Richard Humphreys fetched a lot of audience as both of them would block attacks, taunt each other (both during the match and in the newspaper bytes that they gave the night before the match) and wave their bodies in a unique way for the purpose of self-defense. and Oscar De La Hoya hailing from countries such as Britain and Canada, who carved a niche for themselves. The ‘Marquess of Queensberry Rules’ were finally published in 1867. Yet, he steadfastly voiced his opinion about being against the whole idea of the Vietnam War and went on to inspire the likes of Martin Luther King Jr. This shows how ceremonially important the sport may have been in ancient Greece. England became the birthplace of what came to be known as ‘prizefighting’, wherein the two contestants fought on behalf of their patrons, sometimes even to settle their patrons’ personal grudges. In the following years, a lot of boxers stemmed from controversial pasts. Despite being an underrated sport today, boxing still finds a huge fan following amongst fierce and passionate boxing lovers. But again, these contests were not based on any kind of rules and regulations. These rules came to be recognized as Broughton’s rules named after an English bare-knuckle champion Jack Broughton, who formalized them. Army during the Vietnam War.

Gladiator contestants wrapped their hands in leather straps embedded with metal shards, sharp enough, to injure their opponent.

An interesting take on boxing, as a mortal combat event, comes from ancient Rome where it was included in the gladiator contests, where the contestants fought until one of them died, or was severely injured. Sometimes, the fights became so intense and vehement that they resulted in the death of one of the fighters. The first solid evidence of boxing has been recorded way back around 3000 B.C, and comes from Egypt and Mesopotamia.

Boxing is one of the oldest contact sports known to mankind. He described his unconventional and distinctive style of fighting as ‘float like a butterfly, sting like a bee’.. Regardless of this, he never managed to score high ranks but still his winning record brought to his name, a lot of glory.

During World War II, a boxing ring became a major battlefield for champions hailing from different countries. But popularity always has a price to pay