As soon as sports betting is lifted, the market is being controlled by foreign gambling companies
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Gambling is very popular in the United States, which has Las Vegas, the world's largest casino town. Although roulette, slots, and poker are played as gambling competitions, with the revision of the law, “ sports betting”, which bets money on sports results such as baseball and basketball, is booming all over the United States. Such changes in the US gambling market are covered by The Ringer , a foreign media.
The Rise and Fall of the Professional Sports Bettor-The Ringer
https://www.theringer.com/2019/6/5/18644504/sports-betting-bettors-sharps-kicked-out-spanky-william-hill-new-jersey
Speaking of major gambling competitions in the United States, it was horse racing. However, in 1917 there was a movement in the United States to ban horse racing. As it was in the middle of the First World War, a race tax was imposed on the racetrack, and local small and medium racetracks were closed. However, the ban on horse racing did not reduce the number of gambling people, and by the 1920s, professional baseball and the American football leagues of college were also subject to gambling.
Sports betting was at its peak in the United States from 1930 to 1940, but the background was that a boom in sports betting on Wall Street and it was said that a large number of book maker networks were established using telephones. You In the 1930s, a large amount of money, about $ 60 million a year, was spent on sports betting in New York alone.
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It was said that Robert Kennedy, who was the Attorney General at the time, tried to crack down on illegal sports betting in the 1960s, but it still could not eliminate sports betting and the fan population reached millions. That's right. However, in 1992, NPA (American Professional Basketball Association) called for PASPA (Professional and Amateur Sports Protection Act). PASPA makes all sports betting practically illegal except in some states and exceptions, and since PASPA was established, sports betting has rapidly fallen in the United States.
In May 2018, the United States Supreme Court ruled that the PASPA was unconstitutional, creating a stream of legitimizing sports betting in the states.
US Supreme Court Bans Sports Betting: Nikkei Business Electronic Edition
https://business.nikkei.com/atcl/opinion/15/134915/052200019/
Suddenly in the booming sports gambling industry was a gambling company expanding into European casinos.
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Sport betting has been popular in Europe for some time, but the market is already saturated. Suddenly, there was a huge emerging market called the United States, and gambling companies from all over the United States made inroads. As an exception, European-style sports betting has spread rapidly, including New Jersey, which had previously legalized sports betting. One of the most aggressive developments among gambling companies in the United States is William Hill , the UK's largest bookmaker and listed on the London Stock Exchange. William Hill has partnered with El Dorado, a major US casino, to provide sports gambling services almost exclusively in 13 states, including New Jersey and Iowa. In the US sports betting market, bookmakers in the United Kingdom have become very influential.
European-style sports betting is where bookmakers can determine odds and bet money not only on sports results but also on political and entertainment news. Although the odds can be set by the bookmaker, it is often said that the amount that can be applied at one time can be limited. With the influence of European gambling companies, the sports betting scene in the United States is also undergoing major changes.
Gadoon Kyrollos, a progambler with a name 'Spanky' and focusing on sports gambling, earned a degree in computer science at university, and after graduating, got a job at Deutsche Bank. It was Mr. Kyrollos who worked seriously, but he read the theory of gambling as a hobby. Mr. Kyrollos has put together programming to calculate the expected value in sports betting, and starts betting on the basis of only $ 2000 (about 250,000 yen at the time rate). He exchanged bets directly with the bookmaker without using an Internet account, and he received about $ 40,000 in two years.
by Mikerussell
After that, Mr. Kyrollos, who began to work as a progambler Spanky, now says he can not bet a lot of money when trying to play sports betting. Progamblers who are gambling big and have a high winning rate are becoming smoked from the casino, and in November 2018, Mr. Kyrollos will show in the movie a scene of being refused to bet money in the casino as usual. , Protested.
— Spanky (@spanky) November 7, 2018
A progambler who earns a living by gambling does gambling in the style of 'Paying a lot of money where it can be won for sure'. However, if the amount of money that can be spent at one time is limited, it can not earn enough to earn a living. Also, in recent years, there have been many reports of sports gambling progamblers being banned from casinos, and progamblers like Mr. Kyrollos are no longer able to gamble in the United States.
Critics arose from gambling enthusiasts: 'The sports gambling bookmaker no longer accepts serious gambling.' On the other hand, William Hill denies that 'it is a mistake that we have banned some gamblers to earn,' while Sharon, who is chief of marketing at William Hill's US branch, Otterman commented, 'We are doing business. It is not a non-profit organization.'
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