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Subject:
Sports Betting / Wagering
Category: Sports and Recreation Asked by: davidbishop-ga List Price: $50.00 |
Posted:
21 Jun 2005 06:16 PDT
Expires: 28 Jun 2005 18:30 PDT Question ID: 535423 |
I am interested in finding examples of arrangements where Sports bodies (e.g. FIFA, Soccer USA) directly receive a share of the money that is wagered on their sports with licensed wagering operators (e.g. Betfair, Totalizators, Bookmakers). e.g. [hypothetical only] Betfair pays 0.1% of all betting/wagering turnover on Soccer to FIFA. Such that if I bet $1000 on a soccer game with betfair, FIFA will get a dollar as a result Desired information - Parties to the arrangements? - Basis of arrangements: Legislative? Agreement? - Structure of arrangements: % of Turnover Based? % of Gambling Yield (gambler's loss)? Other? - Detail of how the arrangements came about? - Suggestions of changes to the arrangements in the future? - Other relevant information Please Note: I am familiar with the New Zealand and Australian markets, so please exclude them from your search |
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There is no answer at this time. |
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Subject:
Re: Sports Betting / Wagering
From: badger75-ga on 21 Jun 2005 14:23 PDT |
Fascinating question. In the US, betting has been the biggest problem for American sports. In MLB, the 1919 White Sox were proven to have rigged the outcome of the World Series throwing it to the opponent (a NY mobster made the arrangements). This led to the creation of a Commissioner to govern the outcome of the two leagues. Point shaving scandals in the 1950's in college basketball brought the integrity of the games into question. There have been rumors, officially unproven, that major NFL games have been rigged over the years for reasons of sports betting. Over the years, stars in every sport have been suspended or banned for life as a result of gambling on games they played in. If MLB, NBA, NFL were actually receiving a % of legal gambling that would be sensational news. |
Subject:
Re: Sports Betting / Wagering
From: davidbishop-ga on 21 Jun 2005 21:32 PDT |
Agreed. The most obvious example of this type of arrangement is in New Zealand, where the state TAB (totalizator) pays a portion of the profits from wagering on each sport back to the national sporting body concerned. |
Subject:
Re: Sports Betting / Wagering
From: badger75-ga on 22 Jun 2005 06:19 PDT |
Fascinating idea. Serves as a revenue stream and as a regulator of illegal activity. If news estimates are to be believed, the NFL Super Bowl alone generates $2 billion + in gambling legally (casino/on-line) as well as illegal book making, office pools etc. The MLB World Series, college basketball Final Four tournament, NBA Finals, major horse racing, golf and tennis majors generate a great deal more. The IRS would be keenly interested in an accurate estimate of gambling proceeds. The bylaws of the major sports leagues prohibit a team owner from having an interest in casinos and in cross-ownerships in other leagues. Since American casinos are frequently owned by larger entertainment corporations (Disney?), an NFL/MLB owner could dodge restrictions by owning stock. And the issue of Malcolm Glazer, owner of the NFL Buccaneers and English football Manchester United becomes very complicated. |
Subject:
Re: Sports Betting / Wagering
From: myoarin-ga on 26 Jun 2005 15:37 PDT |
"Fascinating question", but there seems no logical reason for private licensed wagering operators to give a cut to the sporting organization, especially as there are several operators so that if one of them did, it would be at a disadvantage. State run operators could, of course, be required to do so (NZ, Australia) and also in Germany, where proceeds from state lotteries and totalisator wagering support sports, culture, preservation of historic monuments and social activities. Unless the US passed a law requiring operators to pass on a cut as part of the licensing, it seems most unlikely that one or all the private operators could be induced to do so. The sporting leagues have no leverage to make them do so. |
Subject:
myoarin
From: badger75-ga on 27 Jun 2005 09:11 PDT |
Your points are well taken. The structure of sports in the US differs substantially from any other nation. Not only do four sporting leagues thrive: NFL, NBA, MLB, NHL, but an entire college tier of athletics that are a feeder system to pro sports. Another tier of secondary sports such as soccer and lacrosse have pro leagues now. The casino industry, previously centralized in Las Vegas and Atlantic City is now decentralized into suburban and rural entertainment centers that support gambling. On-line gambling is another venue entirely. As a legal arrangement the sports leagues and the casino industry would face too many political/legal barriers and they really don't need it. The existence of legal gambling and pro/college sports reinforce each other by drawing from the same population groups. |
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