Chris Christie issues directive letting casinos, racetracks offer sports betting in New Jersey - Sports Betting

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Chris Christie issues directive letting casinos, racetracks offer sports betting in New Jersey

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09-08-2014 , 01:02 PM

fkjlhfdkjhkj.

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http://www.nydailynews.com/news/nati...icle-1.1932168

flying to NJ this weekend to get some of those WONG TEASERS before they figure it out?? monmouth park?

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09-08-2014 , 10:06 PM

Nailcrusher

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Join Date: Jul 2013 Posts: 39

This is awesome.
Between this and the NBA commissioner stating they are ready to get behind sports betting maybe we will see other states jump on the bandwagon.

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09-09-2014 , 04:13 PM

just_mo

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Ya that Adam Silver quote was heartening.

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09-09-2014 , 04:20 PM

Poogs

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Join Date: Aug 2009 Posts: 4,501

damn, christie can just do that? Why has this been such a debacle if he can just decide 'ok now we have sports betting'?

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09-09-2014 , 04:23 PM

just_mo

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Quote:

Originally Posted by Poogs

damn, christie can just do that? Why has this been such a debacle if he can just decide 'ok now we have sports betting'?

Was thinking the same thing.

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09-09-2014 , 05:24 PM

AncapInSomalia

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Join Date: Sep 2014 Posts: 280

Quote:

Originally Posted by DefNotRsigley

http://www.nydailynews.com/news/nati...icle-1.1932168

flying to NJ this weekend to get some of those WONG TEASERS before they figure it out?? monmouth park?

Are Wongs still +ev just blindly betting them? I have a guy who offers 2 team, 7 pt teasers at -120, but his lines don't adjust for teasers. He just books "off the board" so to speak.

So, any favorite of -7.5 up to -9.5 would be +ev, and any dog of +0.5 up to +2.5 would also be blindly +ev right?

Still doesn't work for college fb I assume?

I tried to figure out the breakeven for a moneyline of like -7.5 and it seemed really close to breakeven but slightly - for college if I remember right. May have to try again

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09-09-2014 , 07:20 PM

HolidayInTheSun

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Join Date: Dec 2011 Posts: 1,307

Quote:

Originally Posted by AncapInSomalia

Are Wongs still +ev just blindly betting them?

no.

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09-09-2014 , 07:42 PM

AncapInSomalia

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Join Date: Sep 2014 Posts: 280

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Originally Posted by HolidayInTheSun

no.

Didn't think so especially at - 120 for 2team 7pt

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09-09-2014 , 09:04 PM

stoffmakers

adept

Join Date: Nov 2008 Posts: 1,154

Quote:

Originally Posted by HolidayInTheSun

no.

lol, great response. love how ppl think something would still be blindly profitable several seasons later

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09-09-2014 , 09:10 PM

#10

CohibaBehike

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Join Date: Jul 2012 Posts: 3,651

Quote:

Originally Posted by Poogs

damn, christie can just do that? Why has this been such a debacle if he can just decide 'ok now we have sports betting'?

Basically he is saying if you offer Sports betting NJ will not stop you. The Fed statute says state not allowed to authorize sports betting.

What Christie did is basically equivalent of saying "hey casinos and race tracks, we are not going to authorize sports betting but if you offer it the state of nj will not criminally or civilly prosecute you."

Therefore NJ does not violate Fed statute by authorizing sports betting. Makes it interesting bc now NJ can't be sued if DOJ or sports leagues wish to challenge NJ sports betting.

I think it does open up massive amounts of liability if a casino or racetrack does offer Sports betting though

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09-10-2014 , 12:33 PM

#11

poker4life

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Join Date: Oct 2007 Posts: 1,561

Monmouth Park Racetrack in NJ has announced that it's optimistic that it will have sports wagering (via William Hill) open by this NFL Sunday and, if not, it should have it open within the next 30 days.

http://abcnews.go.com/Sports/wireSto...tting-25383409

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09-10-2014 , 05:46 PM

#12

RickySteve

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Join Date: Sep 2014 Posts: 655

William Hill is about as likely as Roger Goodell to be running a sportsbook in New Jersey under these conditions.

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09-11-2014 , 04:33 PM

#13

poker4life

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Join Date: Oct 2007 Posts: 1,561

Monmouth Park extended the timeline to 45 days (to get time to install internet/phone lines and hire 111 new employees to run the sportsbook).

Incidentally, this also buys time for a judge to make a ruling on Christie's directive.

http://www.foxsports.com/nfl/story/n...betting-091014

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09-11-2014 , 05:53 PM

#14

Nailcrusher

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Join Date: Jul 2013 Posts: 39

Quote:

Originally Posted by poker4life

This is awesome.
Just created 111 NEW jobs with the potential to create thousands more in an industry that will get the money being spent on sports betting above the table instead of in seedy ass hands.

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