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Re: Mafia Bookies
[Re: Philip_Lombardo]
#861691
09/29/15 09:28 PM
09/29/15 09:28 PM
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Joined: May 2013
Posts: 1,525
Lou_Para
Underboss
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Underboss
Joined: May 2013
Posts: 1,525
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besides the cash payouts and no taxes, the main reason that people bet with a bookie is to lay their sports action. If you want to bet on football,basketball,baseball,hockey,etc (both pro and college), and you don't live in Nevada, the only way to go is with your neighborhood bookmaker. I know you can do the offshore online route,but it's very risky. The US Gov't can shut down their operations,freeze their assets,and put your money in the phantom zone.
If the US ever legalized sports betting,the bookies would take a hit on their operations,but it would be comparable to the legalization of state lotteries. There would still be enough left over to make a nice living.
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Re: Mafia Bookies
[Re: Philip_Lombardo]
#861840
09/30/15 08:12 PM
09/30/15 08:12 PM
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Joined: Sep 2015
Posts: 32 Jersey
HandsomeMike
Wiseguy
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Wiseguy
Joined: Sep 2015
Posts: 32
Jersey
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Gambling on sports is illegal because the government in this country is stupid. In Jersey they want to put a book in the racetrack at the meadowlands. State govt keeps saying no.
I would rather use a regular bookie than go there to place a bet a couple times a week, but don't you think a lounge in there would make huge money? Just think, guys going there every football Sunday, eating drinking all day. Bets would be ridiculous. Easy money for the state and yet they keep saying no.
MP
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Re: Mafia Bookies
[Re: Philip_Lombardo]
#861845
09/30/15 08:54 PM
09/30/15 08:54 PM
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Joined: Mar 2013
Posts: 885 Hudson County NJ
DB
Underboss
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Underboss
Joined: Mar 2013
Posts: 885
Hudson County NJ
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There already is a nice lounge in the meadowlands , it would probably do pretty good with gambling, I agree , it does well for the big horse events as that's when I generally go
Also I saw someone posted before that sports gambling has decreased from the old days . This is just my opinion but I disagree with that statement , the Internet and Costa Rica has been a boon for sports gambling ( LCN or independent ) , I agree tho the gambling halls back in the day have decreased , but at least by me and I'm sure in every NYC Burroughs , bookies ( actually agents , who knows who the bank is ) are everywhere and so are gamblers . If I wanted 10 different books just within 1 mile of where I live , it would be done in a day or 2, they are everywhere lol
Legal or illegal that business is going no where , and if these guys are smart they would get into all these fantasy gambling sites that are legal , somewhat similar to how traditional shy locking has evolved into legit or semi legit financing companies . These guys are just more on the level it seems these days and in some scenarios having legit $ backing them.
Construction is booming , most disagree with me on NJ garbage and they are probably right but IMO I just can't see a LCN free carting industry , my town has 2 major ones that are in . Then you hear about that big money laundering cases , I eat at that place at least once a month and you would have no clue ( at least me anyway lol ) , the smart ones have definately gone underground and legit , the Cowboys appear gone
Why not just copy the Wall Street model and instead of cash bribes you do it legit thru legit invoices , Corp card dinners , etc.
The key to future LCN ( IMO ) is part CIA in terms of compartmentalizing info and disinformation and doing what Wall Street does to leverage business deals. It's all on the level , many on this site that work on Wall Street know what I'm talking about , relationship and leverage is the name of winning new biz or contracts , the entire system is built almost entirely on that and expense accounts , bribes are done and should be as there is no need to do something illegal when you can do it legally thru one of your companies and it's probably why we see less white collar busts today
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Re: Mafia Bookies
[Re: TommyGambino]
#861978
10/01/15 09:12 PM
10/01/15 09:12 PM
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Joined: Sep 2015
Posts: 32 Jersey
HandsomeMike
Wiseguy
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Wiseguy
Joined: Sep 2015
Posts: 32
Jersey
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Crazy how bookmaking is still illegal in America. There's 3 bookie shops on every corner over here. Yeah, here too. haha
MP
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Re: Mafia Bookies
[Re: TommyGambino]
#861979
10/01/15 09:14 PM
10/01/15 09:14 PM
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Joined: Sep 2014
Posts: 70
LurkerGuy
Button
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Button
Joined: Sep 2014
Posts: 70
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Crazy how bookmaking is still illegal in America. There's 3 bookie shops on every corner over here. From what I understand, college ball isn't as big a deal over there as it is here, no? Most opposition in the US comes from the NCAA, as "amateur" athletes might be in danger from point-shaving schemes.
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Re: Mafia Bookies
[Re: Philip_Lombardo]
#861980
10/01/15 09:17 PM
10/01/15 09:17 PM
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Joined: May 2013
Posts: 1,525
Lou_Para
Underboss
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Underboss
Joined: May 2013
Posts: 1,525
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Maybe Pennsylvania will start the ball rolling for legalized sports betting (outside of Nevada,of course).
HARRISBURG, Sept. 23 – House Gaming Oversight Committee Democratic Chairman Nick Kotik announced his plan to introduce legislation that would legalize sports betting within Pennsylvania's licensed casinos.
"Sports betting is extremely popular in this state, yet it is going unregulated," Kotik said. "The intent of this legislation is to provide our casinos with an alternative form of entertainment, while also regulating a popular market.
"While slot machines and table games are a relatively new industry for Pennsylvania, this bill is a direct reflection of the gamut gaming runs and why expanded forms should be considered." Under Kotik's legislation, the in-state rules and regulations pertaining to legalized sports betting would be determined by the Pennsylvania Gaming Control Board. Specifically, the bill would create an exemption under the Professional and Amateur Sports Protection Act that currently prevents wagers from being placed on any professional or amateur athletic event in Pennsylvania. Additionally, Kotik is the author of a bill that would authorize specific Pennsylvania airports to operate slot machines within terminal boundaries. House Bill 1408 would apply to six international airports in the state: Erie International Airport, Harrisburg International Airport, Lehigh Valley International Airport, Philadelphia International Airport, Pittsburgh International Airport and Wilkes-Barre/Scranton International Airport.
"As a whole, we are at a critical time in this state in terms of funding streams and funding needs – ones that go far beyond our gaming industry," Kotik said. "I welcome a serious discussion on these expanded forms of gaming to not just stay ahead of the curve, but to invest real dollars into where they're needed most to put the state back on track."
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