NBA wants 1% of betting pools

Is this realistic? The casinos are profiting off other peoples products. Should the various sports organizations be entitled to a piece of the pie?
The NFL, for example, goes out of its way to help sports bettors, listing injuries and telling who is out of the game. All things gamblers care about far more than fans.
Do the owners and players have a point or is it just another money grab? Do casinos pay tracks and horsemen for the action they book? That seems a fair comparison.

Sure, as soon as they stop building stadiums with tax dollars.

One percent seems steep to me, considering 95.45% goes right back to the winners, assuming a 20-cent line. That is assuming balanced action and no line movement. In actuality, sports books make less than the other 4.54%. They make a valid argument that they are providing a service and should get a piece of the pie of others are making a profit off of it. I just hate to see them call it an "Integrity Fee." Give me a break. It is just a money grab.

If forced, I think 10% of the net win, after all expenses, sounds more fair.

Oops I read NFL. They probs still build stadiums with out doll hairs tho

Integrity fee.
In NY, we used to pay an integrity fee. As long as it was paid, the integrity of our front windows stay intact.

In case anyone thinks I was joking, I refer you to this Forbes article, NBA Asks For 1% Integrity Fee From Sports Betting Operators.

Quote: billryan

Do the owners and players have a point or is it just another money grab?

The critical section: "...compensate for the risk and expense created and the commercial value our product provides them."

For starters, "commercial value provided" is hogwash. Not to say they do not, but not in a way that requires compensation. Wiz provides us this forum and plenty besides; do you think the eleventeen guys here who make deals and partnerships through Wiz's forum owe Wiz a cut? It seems reaching, and not within the realm of required compensation. Hell, I see vendors aplenty taking advantage of crowds drawn by way of my expenditure of thousands of dollars and hundreds of man-hours for competition... it has never even crossed my mind that they are somehow in my debt.

The "compensate for risk" needs clarification, perhaps definition. Demonstrate an actual risk, quantify it if possible, and upon that one might have a point. But barring that and including the above,...lol. It's all quite ridiculous. Corporate gonna corporate, I guess.

Just the thought of the professional sports organizations (NBA, NFL, MLB, etc) having their hands directly tied to sports wagering / sports books really makes me wanna puke! Integrity fee? Now that is irony at its finest!

A handful of popular online books can survive at -105 or -107, a 1% integrity fee could work if you have the ability to increase the risk pool (national betting).

The NBA can go to hell though. Have a 30% house edge for in-arena live betting if you want, but they have no business effectively taxing wagers outside of that.

Quote: ahiromu

A handful of popular online books can survive at -105 or -107, a 1% integrity fee could work if you have the ability to increase the risk pool (national betting).

The NBA can go to hell though. Have a 30% house edge for in-arena live betting if you want, but they have no business effectively taxing wagers outside of that.

Suppose they choose not to help out by listing injuries and such? You don't think that would hurt the business?

Quote: billryan

Suppose they choose not to help out by listing injuries and such? You don't think that would hurt the business?

Hurt whose business? They've embraced fantasy and have a ton of fans that will never place a bet that are interested in injuries.

I think the biggest thing the leagues could do is refuse to give books streams of the games. The leagues can definitely make money off of this, but it shouldn't be in the form of a direct tax on betting.

Any argument for this is ludicrous. Gambling already makes them a ton of money because it generates a large share of interest in the sport.

I don't watch much nfl. But if i do it's either a social setting or i feel like sweating the action.

Should we have to pay them for the privilege of playing fantasy sports?

Should movie reviewers have to pay money to studios?

Maybe every time we talk politics, we should have to pay a fee to the politicians.

This is why I'm not really a fan of sports teams. They are among the least ethical businesses and screw fans as hard can often as they can and give nothing back.

Will it pass? Just depends who bribes the most politicians. Obviously there is zero public interest in it passing and zero legal reason. So the only reason a politician would vote for it is to transfer money from the betting public's pockets to those of the NBA. Only one reason to do that.

Hilarious. I want a good five-cent cigar. And for a "model" who calls herself "Juicy" when trolling the 'net to $@%& my #!^& while I smoke it. Nobody gives a skeet what "The NBA wants..." Nobody will. Nobody. I look forward to seeing the national sports cartel currently known as "The NBA" in its most recent combined form, threatening to hold its breath, stomp its little feet, and not clean up its room.

Or I would enjoy that, in the unlikely event there was ever anything legally created for it to hilariously demand a slice of the skim from. IMO there's not much reason to think anything will ever come of this ridiculous phony 15-20 year long snipe hunt supposedly about repealing all the longstanding US prohibitions on sports betting that have been embedded in State & Federal law for over half a century back to the Kennedy Administration and beyond. "Supposedly" about that, because it's mostly amounted to an extended scam on some remarkably unsophisticated speculators imagining get rich quick business opportunities, along with playing to the gullible imaginations in a subculture of some of the most delusional gambling degens' wet-dream fantasies. All that which was supposed to happen yesterday... and every yesterday for a few decades that I've been watching.

Quote: DrawingDead

because it's mostly amounted to an extended scam on some remarkably unsophisticated speculators imagining get rich quick business opportunities, along with playing to the gullible imaginations in a subculture of some of the most delusional gambling degens' wet-dream fantasies.

This isn't the "dice influencing" thread. It isn't about mail order brides either. OO

I don't think any mere sex fantasies could be much competition for space in the fevered imaginations of some people I know of in that crowd, and successfully casting spells on dice is probably about as likely to become reality.

Quote: NokTang

This isn't the "dice influencing" thread. It isn't about mail order brides either. OO

How does this idea compare to horseracing, where tracks charge a percent for access to their feed of the races?

If the NBA does not report their injuries then a black market will develop for that information.

The NFL's reporting of injuries is about as bad as it can be. Coaches manipulate the injury reporting to deny information to the opposition. Routinely, multiple key players are reported as questionable on both Thursday and Saturday and then all play on Sunday. So, sports bettors already know how to handle a lack of reporting on injuries.

Quote: Keenone

How does this idea compare to horseracing, where tracks charge a percent for access to their feed of the races?

First, no one cares about horse racing except for wagering. The horse tracks can charge for the feed to sports books because no cable channel is interested in carrying the horse races as entertainment.

Second, the NBA and its media partners are always free to establish some fee structure for viewing their games. But if you can view NBA games on your ESPN app on your phone, then I suspect that sportsbooks are not going to pay anything for a feed.

The fundamental economics just aren't the same for team sports compared to racing, at all. Neither is the potential legal environment & how an expanded legal wagering market could work.

There is no such thing as charging a percentage or some similarly structured fee "for the feed" from the tracks in the US. Does not exist. Not like that. And there are three nationwide television broadcast channels of nothing but horseracing (and advertising) being continuously broadcast twenty-four hours a day, seven days a week, three-hundred and sixty-five days a year, carrying all of the major and even most of the rinky-dinky little minor tracks races, all the time, along with quite a bit of international racing too, in most peoples' homes, and probably yours.

And in books, anytime the direct feed from the track is on the fritz or not available for some reason, as occurred several years ago when the Nevada books & the ownership of a number of the tracks had no contract agreement, anyone in the book simply changes the channel to TVG or TVG2 or HRTV to see the races. So can anyone with any device with an internet connection, if they'd rather watch and listen to any or all the tracks races that way, instead of simply on their television's horse racing channels, which are available to all satellite and most cable systems across the US. If you happen to be in Las Vegas and on COX cable it is channel 324. That is not a "Las Vegas thing" it is a national thing on a majority of television lineups across the country (though not all). I am not in Las Vegas, and right now as I type this sentence I'm looking at Race 5 from Santa Anita and the post parade for Race 8 from Belmont Park, on TVG on my DISH channel #399. I have no account with TVG, never have, and don't plan to get one.

But it is sure true enough that the main reason for interest in seeing horses race is to bet on them, not so much to identify with them emotionally like sports fans, and so of course the broadcasts of those races are a lot less valuable for purely sporting interest than major team sports broadcasts are. What racing has is the Interstate Horseracing and Wagering Act, which governs that business under the force of Federal law, along with having MANY THOUSANDS OF TIMES the number of events available to be bet on as there could ever be in all games of all teams in all major sports combined. If the NBA foolishly became part of a slightly revised Interstate Horseracing and Hoops Wagering Act under the same circumstances as racing venues, and then seeking to control their "feed" they stupidly terminated their lucrative broadcast contracts to limit viewing to some approved wagering outlets, total inability to meet any significant part of their existing expenses and their swift bankruptcy would be assured.

A percent of the potential wagering would amount to a tiny percentage of the current value of their mass market broadcast contracts. Even to the NBA, with smaller revenues than others. Same with all other 'big' sports marketed to be associated with substantial fan bases in specific cities or regions. Just like the spectacularly unrealistic fevered imaginations of some poker enthusiasts, people who are into sports gambling tend to have some wild fantasies about the potential importance of themselves and their sports wagering avocation. Even though Las Vegas has a legal US sportsbook monopoly artificially inflating the proportion of those revenues, it is still less than 2% of gaming revenue and amounts to an amenity like fountains and fish tanks and a piano player in the lobby to encourage people to stay there and not to cross the street, and the entire annual total for all events on all sports amounts to less than just the advertising revenue from TV broadcasts of a single major sports franchise.

So:
1. There isn't going to be anything remotely close to mandating national control of any betting market by sports leagues, most especially not the NBA. They are not in the same "league" as racing politically, economically, historically, socially, and about six other 'allys' for a long list of reasons, and they never will be; and,
2. It isn't even potentially all that big of a deal if it happened. Selling beer & big douchebag trucks is a bigger better business than betting.

Agreed lol