Originally Posted by
wantitall4moi
LOL "breaking news" this has
been on the fourums for days if not weeks. Commented on it awhile ago.
Never going to happen, the money just isnt there. People think sportsbetting is some cash cow when in fact it is paltry in comparison to most other gambling revenues. Seriously, even if they could somehow handle a billion dollars, which they wont come close to, the hold would be around 50 million, how much of that can the state get in taxes? How much will the operators keep?
People act like every dollar bet is profit. If a place is offering -110 and isnt gambling (thus guaranteeing they stay in business) the handle on sports betting is miniscule. If they try and offer -120 no one will do it except for saps, and that will greatly diminish the handle and make it even less worth it.
If anything it is a ploy to get people back to the tracks that are in the shitter. Hollywood Park is about 2 inches from being razed and having condos and a strip mall replace it.
Internet and TV killed live players at the track. Takes 30 seconds to log into TVG and play without the traffic or worrying about getting mugged if you get a score. Other than Del mar or maybe Santa Anita there isnt a track around really worth going to for the 'experience'.