NJ OKs skill-based gambling with hoops betting
http://kdhnews.com/sports/nba/apnewsbreak-nj-oks-skill-based-gambling-with-hoops-betting/article_c0e0165c-47ff-5333-b352-085a7b0a3dbc.html
http://www.basketball-reference.com/leaders/ft_pct_career.html
FYI-interesting ways these games are fixed @ fairs etc:
http://www.aarp.org/money/scams-fraud/info-07-2012/rigged-carnival-games.html
Quote: 7star4nowWhat'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.
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?
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.
A free throw does have a random element to it. The world's best free thrower can't hit 100%. However, there are people that are pretty close. This page indicates the world record is 5221 consecutive free throws.
The casino could increase the randomness element by making the free throws harder. For example they could decrease the size of the hoop or make the thrower stand further away. The article indicates they are planning to use regulation conditions.
(edit) I see several others posted pretty much the same thing. With the video game example cited by Romes, I could see people paying a small amount just for the fun of participating, since it takes a while to determine the winner in a Halo tournament. Even then he found people declined to play when clearly outclassed. Paying an entry fee and being eliminated after the first 90 second free throw round doesn't sound too fun.
Which is why handicapping should be allowed so the casino can make book. I can see it becoming like a dog or horse race, or betting on jai alai, boxing, MMA, or the NCAA tournament. Even... Dodgeball.Quote: jml24...Paying an entry fee and being eliminated after the first 90 second free throw round doesn't sound too fun.
They need to broadcast it on ESPN Ocho
Quote: 7star4nowWhat's next throwing at Milk Bottles, ring toss?
FYI-interesting ways these games are fixed @ fairs etc:
So are the games at Little Italy's San Gennaro festival rigged too?Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: "It's okay just blame me, it's all my fault"! ( No one believes me--so I chose to stop posting)
I ....ahem...won't comment on this esteemed religious festival, but I would avoid winning too much at certain games in certain venues- if you value your kneecaps.
Quote: RomesThere'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.
lol, was that $25 / kill bet with someone he actually knew? If it's just some guy over the web I would've taken that bet in a heartbeat, and just not paid if I lost. On the other hand, I wouldn't expect to get paid if I won either.. kind of goes both ways.
WOW HOW FUN!! Wii golf =fun to.Quote: tringlomaneReminds me of the promotional Wii bowling tournament I participated in this fall at a casino. $500/$1000 coin-in slots/VP was necessary to participate, 70 people got prizes ranging from $25-$1000 freeplay. I bowled 186 for 18th place and $100 freeplay. The guy that won the $1000 was a ringer and bowled 300 and beat 2nd place by over 20 pins I think.
