7star4now
7star4now
Joined: Jul 8, 2013
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February 13th, 2015 at 8:31:05 AM permalink
Executives at The Borgata tell The Associated Press they've gotten permission from state gambling regulators to host a basketball contest next month in which players shoot free throws for money.It's the first of what promises to be many skill-based events that let gamblers take greater control over the outcomes of their bets, rather than relying on a roll of the dice, spin of the wheel or deal of the cards.For a $20 buy-in, contestants will compete in 90-second rounds. The top four finishers will split $10,000, with the winner getting $5,000


http://kdhnews.com/sports/nba/apnewsbreak-nj-oks-skill-based-gambling-with-hoops-betting/article_c0e0165c-47ff-5333-b352-085a7b0a3dbc.html
DRich
DRich
Joined: Jul 6, 2012
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February 13th, 2015 at 8:45:55 AM permalink
That is fantastic. I hope Nevada follows suit.
Living longer does not always infer +EV
7star4now
7star4now
Joined: Jul 8, 2013
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February 13th, 2015 at 8:54:06 AM permalink
Wouldn't the same few win most of the time- Steve Nash could just live at the Borgata & retire there

http://www.basketball-reference.com/leaders/ft_pct_career.html
MrV
MrV
Joined: Feb 13, 2010
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February 13th, 2015 at 8:54:23 AM permalink
Were they to use the arcade style basketball skill game, this girl would just nail it .

But it should attract some of the locals, at least if they can put down the crack pipe long enough to focus.
"What, me worry?"
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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February 13th, 2015 at 8:59:22 AM permalink
Ahigh pinball comming soon?
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
7star4now
7star4now
Joined: Jul 8, 2013
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February 13th, 2015 at 9:00:33 AM permalink
What's next throwing at Milk Bottles, ring toss?

FYI-interesting ways these games are fixed @ fairs etc:

http://www.aarp.org/money/scams-fraud/info-07-2012/rigged-carnival-games.html
Boz
Boz
Joined: Sep 22, 2011
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February 13th, 2015 at 9:08:01 AM permalink
Quote: 7star4now

What's next throwing at Milk Bottles, ring toss?

FYI-interesting ways these games are fixed @ fairs etc:

http://www.aarp.org/money/scams-fraud/info-07-2012/rigged-carnival-games.html



For $50 million someone could make Revel the Worlds Largest Carnival.
Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
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February 13th, 2015 at 9:11:56 AM permalink
Is it gambling, or simply a tournament of skill? Are the casinos booking side action on the outcome?

I see posters all the time advertising video game "tournaments" (Madden, NBA2K) where winners split a prize pool. Like throwing darts or shooting pool, you are pari-mutually wagering strictly on your ability. If the casino isn't handicapping the entrants and booking action from non-participants, is it, "gambling"?

To give out $10k in prizes, you need 500 players just to cover the prize pool. How big is this thing? How long will it take to resolve?
Simplicity is the ultimate sophistication - Leonardo da Vinci
Romes
Romes
Joined: Jul 22, 2014
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February 13th, 2015 at 9:20:34 AM permalink
Quote: Ayecarumba

...I see posters all the time advertising video game "tournaments" (Madden, NBA2K) where winners split a prize pool...


There's been video game tournaments for all kinds of games since I can remember. Check out Major League Gaming. They've been around for at least a decade or two and they hold the biggest tournaments of games in a different city/state each month. The most popular seem to be: Call of Duty, Halo, Super Smash Bro's...

When I was in college I beat the #3 ranked halo player in the world (according to Major League Gaming - MLG). They've had halo tournaments since I can remember, and we've always won every single one we went to. The winning team of 4 usually splits like $200 bucks though. There's never enough interest to play for a) more, or b) enough players/teams.

Now back in the day when Halo 1 wasn't on xbox live, we played on xbox connect through a PC. It was amazing how many people could beat their friends so they assumed they were the best ever. Because it wasn't online, no one knew how good everyone else in the world was. Someone challeneged my brother (him and I were our #1 and #2 players) to $25 per kill in a game 1v1 to 50... My brother, humble and fearful this might be one of the 10 other people in the world to compete with us, declined the stakes, but played anyways. Myself seeking an AP play even then, offered to play for $25/kill, but no one with us had the money to back me, so they ended up playing 'for fun.' My brother beat him 50-1. Too bad that would have been a cool $1,225 (while in college). We frequently offered challenges to pay for another teams gas (that we met on XBC) to come from other states to play us. Minimum 3 games, $400 per game ($100 per person). We had several take us up on our offer, and no one ever came close to winning.

Basically, I would love for 'skilled games', be it video/sports/etc, to be profitable like this. The PROBLEM though, that will also happen with this, is what we found after we won 2-3 local tournaments. Other players/teams would stop showing if we were on the registered list, because they knew they couldn't win. As others stated previously in the thread, the most skilled will just always win... So this will explode at the beginning, but then die out because no one would play but the skilled players. I.E. Regular Joe Shmo couldn't compete, so you couldn't get his money.
Playing it correctly means you've already won.
Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
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February 13th, 2015 at 9:25:51 AM permalink
This is why I think handicapping and bookmaking would be allowed. How does the casino make money on this? The human element also opens this to players taking a dive. Just like the other "skill" based tournament. Regulation will be a nightmare. NJ must really be hurting bad.
Simplicity is the ultimate sophistication - Leonardo da Vinci

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