billryan
billryan
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April 26th, 2018 at 3:24:03 PM permalink
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.
gamerfreak
gamerfreak
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April 26th, 2018 at 3:34:33 PM permalink
Sure, as soon as they stop building stadiums with tax dollars.
Wizard
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Wizard
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April 26th, 2018 at 3:37:37 PM permalink
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.
It's not whether you win or lose; it's whether or not you had a good bet.
gamerfreak
gamerfreak
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April 26th, 2018 at 3:42:23 PM permalink
Oops I read NFL. They probs still build stadiums with out doll hairs tho
billryan
billryan
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April 26th, 2018 at 4:10:24 PM permalink
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.
Wizard
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Wizard
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Thanks for this post from:
Jmarch79
April 26th, 2018 at 4:22:43 PM permalink
In case anyone thinks I was joking, I refer you to this Forbes article, NBA Asks For 1% Integrity Fee From Sports Betting Operators.
It's not whether you win or lose; it's whether or not you had a good bet.
Face
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Face
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April 26th, 2018 at 4:42:57 PM permalink
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.
The opinions of this moderator are for entertainment purposes only.
WatchMeWin
WatchMeWin
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April 26th, 2018 at 4:53:38 PM permalink
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!
'Winners hit n run... Losers stick around'
ahiromu
ahiromu
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April 26th, 2018 at 5:20:08 PM permalink
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.
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
billryan
billryan
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April 26th, 2018 at 5:25:38 PM permalink
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?

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