khurramvirani.com

New Jersey sports betting law struck down by U.S. appeals court | Reuters

Circuit Court of Appeals in Philadelphia said the 2014 law allowing sports betting at casinos and racetracks violated the Professional and Amateur Sports Protection Act, a 1992 federal law prohibiting the practice in all states other than Nevada, Delaware, Montana and Oregon.

New Jersey argued that its law amounted to only a “partial repeal” of its prohibitions on sports betting, did not “license or authorize by law” such betting, and could help curb the “thriving” black market in the practice.

Reflecting the stakes, two former U.S. solicitors general were on opposite sides of the case, with Paul Clement arguing for the sports organizations and Theodore Olson representing New Jersey.

The sports organizations, backed by the U.S. Governor of the State of New Jersey et al, 3rd U.S. The 3rd U.S. government, called the law “yet another attempt” to allow sports betting “only under the conditions of the state’s choosing.”

“We are reviewing the opinion and considering our options,” said Paul Loriquet, a spokesman for state Attorney General Christopher Porrino.

“We do have two judges dissenting,” Lesniak said, “and we certainly will take a shot at the Supreme Court.”

The 10-2 decision is a defeat for Republican Governor Chris Christie, who has seen courts void two state laws, including one in 2012, designed to raise revenue through sports betting.

A federal appeals court on Tuesday said New Jersey cannot legalize sports betting, in a big defeat for supporters of the years-long effort to allow such wagers in the state.

“Because PASPA, by its terms, prohibits states from authorizing by law sports gambling, and because the 2014 law does exactly that, the 2014 law violates federal law,” Circuit Judge Marjorie Rendell wrote. Circuit Court of Appeals, Nos. “It’s just wrong for Congress to deny New Jersey what the state of Nevada has.”

The case is National Collegiate Athletic Association et al v. The other thought PASPA was unconstitutional because it violated state sovereignty.

It is also a victory for Major League Baseball, the National Basketball Association, the National Football League, the National Hockey League and the National Collegiate Athletic Association, which opposed New Jersey’s laws.

New Jersey’s law banned wagers on state college teams and limited bets to people age 21 and older at casinos and racetracks.

Rendell acknowledged the law’s “salutary purpose” in trying to revive those troubled industries, but said PASPA does not unconstitutionally “commandeer” the state.

. 14-4546, 14-4568, 14-4569.

Nevada bookmakers made $231.8 million on sports betting in 2015, the state has said.

The American Gaming Association, an industry trade group, wants PASPA repealed.

Clement was not immediately available for comment.

(Reporting by Jonathan Stempel in New York; Editing by Lisa Von Ahn and Tom Brown)

One dissenting judge thought the 2014 law permissible despite PASPA.

“We were relying on having sports betting to give a big boost to our ailing Atlantic City casinos and our suffering racetracks,” state Senator Raymond Lesniak, a Democrat from Elizabeth who sponsored the 2014 law and a 2011 voter referendum allowing sports betting, said in an interview


Posted by admin on August 22nd, 2016 :: Filed under gambling,Sport,Sport gambling

How the Sports Betting Line is Made by RJ Bell

By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error. Also, adjustments are made after reading each team’s local newspapers to get a sense of what the coaches & players are thinking going into the game.

“You either have a passion for it or you don’t,” Seba said. Examples of non-game factors that would require an adjustment to a team’s power rating are key player injuries and player trades.

The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks.

Power ratings are the oddsmaker’s value of each team and are used as a guide to calculate a “preliminary” pointspread on an upcoming game. Stated another way, they want to create a line that half the people find appealing to bet one way while the other half find it appealing to bet the other way (known as ‘dividing the action’).

Individual books having players who consistently bet with certain tendencies (such as an extreme bias toward favorites or toward a certain popular team like USC)

Why the Line Changes

Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must be taken into account. This usually includes having up-to-date power ratings on each team. People think it’s much more complicated, but it’s not.”

How the Opening Line Is Made . Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years.

Once the opening line is released by LVSC, the individual sportsbooks decide if they want to make any adjustments before offering it to the public. If we’ve done that, we’ve done our job.”

What Is the Line Trying to Accomplish?

Oddsmakers at LVSC are professional sports junkies who love what they do and would probably do it for nothing if you asked them, but they do get paid for it.

There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by.

Divided action means the sportsbook is guaranteed a profit on the game because of the fee charged to the bettor (called juice or vig – typically $11 bet to win $10).

“The main objective is that our clients get equal action on both sides,” Seba said. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process.

The last step in the line-making process for each oddsmaker is taking one final look to determine whether or not the line “feels right.” This is where common sense and past experience with how games are bet enters into the picture.

Oddsmakers can also change the line depending on various event-related factors such as player injuries or weather. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach. Obviously, if the line comes out a week ahead of the event (which is the case in football), there is much that could happen during the week leading up to the event that could affect the line. The power ratings are adjusted after each game a team plays. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”

Experts working for the individual books having a strong opinion on the game

A round-table discussion among the 4-5 oddsmakers involved in making the line for each sport is then conducted and a consensus line is decided upon by the Odds Director before it is released to the sportsbooks.

Moving the line is the oddsmaker’s effort to balance betting action, and often times such moves can have a major impact on a bettor’s decision. We do this by drawing from past experiences and applying them to current situations.

The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action. “We’re not trying to pick the team that covers the spread, we’re trying to make it a coin flip, a tough decision (for the bettor). Of course there is an entire method to the madness on how the opening line is created.

RJ Bell

©Pregame.com 2006

Website: http://www.Pregame.com

Once a game’s power rating based pointspread is determined, the oddsmaker will make adjustments to that line after considering each team’s most recent games played and previous games played against that opponent. In our extended interview, Seba explained that there are 4-5 oddsmakers assigned to make lines for each of the major sports (pro & college football and basketball; MLB, NHL, boxing, golf).

Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines. For example, the public might have heavy betting interest week after week on a popular college football team such as USC. By moving the line, sportsbooks can influence how the public bets on a particular game.

“The #1 thing for us is to make a line for each game that creates good two-way action. For example, if the pointspread on a game is 7 and most of the money is coming in on the underdog (taking the +7), sportsbooks will then move the number down to 6 ½ to try and attract money on the favorite. Reasons for such adjustments include:

Contributed by:

Once betting begins, sportsbooks can adjust the line at any time. That is not the case at all – their intent is NOT to evenly split the ATS result between the teams; rather, their goal is to attract equal betting action on both sides. If an oddsmaker comes up with a preliminary line of USC -7, then an adjustment up to -7.5 or -8 would be made in response to the public’s expected USC bias. In doing so they attempt to make more attractive the team that is getting less action. Of the 4-5 oddsmakers, generally the 2 most respected opinions are weighed more heavily by the Odds Director before he decides on the final line


Posted by admin on August 21st, 2016 :: Filed under gambling,Sport,Sport gambling

The History Of Racquetball – InfoBarrel

Solidified the rules and created the very first official rule book. Sobek played both tennis as well as handball but was looking for an extremely fast paced sport that mostly anybody could easily pickup without a large learning curve for the rules. Joe came up with the sport at the Greenwhich YMCA in a handball court. These associations are the International Racquetball Tournament, the Women’s Professional Racquetball Organization and the Legends Tour. In 1973 Robert left the IRA and formed two other racquetball associations none of which have became as prominent as the IRA. Kendler created the IRA, The International Racquetball Association.

In 1952 Joe founded the IPRA, The International Paddler’s Racquets Association. When Racquetball is televised, the U.S. Soon afterwards in 1969 Robert W. Open championships in Memphis, Tennessee is one of the few tournaments that gets air time..

Racquetball was originally created by a man named Joe Sobek. Sobek continued promoting the sport which was easy for most to pickup since over 40,000 handball courts exist across America.

Today Racquetball has not been growing like it was in the 1970s and 1980s but the fan base stays strong with an estimated 5.6 million players.

Joe named this sport, ‘Paddle Rackets’ which eventually was renamed ‘Racquetball’ by professional tennis player Bob McInerny . Finally, in 2003, the USRA changed their name for the final time to mimic other Olympic sports associations and coined themselves United States Racquetball (USAR).

There are currently three associations that handle professional games. Eventually the IRA became the American Amateur Racquetball Association which changed its name again in the late 1990s to the United States Racquetball Association. Racquetball is not televised very frequently as it is difficult to film and keep track of the ball moving at high speeds


Posted by admin on August 20th, 2016 :: Filed under gambling,Sport,Sport gambling