Delaware allows sports betting

 | May 13, 2009 8:51 PM

Because of my interest in fantasy sports I have found myself becoming interested in sports gambling.  I honestly believe that with a good quantitative system I can make money in sports betting.

However after talking about it with Ji Seon I have decided against pursuing such an avenue.

  1. Sports betting is mostly illegal.  Where it is legal it is still often associated with the underground like all gambling.
  2. Even if sports betting was clean the fact that it exists often compromises the public’s perception of the outcome of games.  Witness the public’s current distrust of the outcome of NBA games.

It’s a lot harder to laugh at the NBA conspiracy theorists today, isn’t it?

When they tell you that the 1985 draft lottery was rigged to make sure Patrick Ewing would be a Knick, they don’t sound quite so paranoid or delusional anymore.

If they lay out their theory that Michael Jordan‘s first retirement was really a hush-hush suspension for gambling, you don’t feel quite as confident in brushing them off.

And if they tell you Game 2 of this year’s Finals, when the Celtics shot 38 free throws to the Lakers‘ 10, smells fishy, well, can you really argue?

Phil Taylor: NBA’s perception problem keeps growing – 06.11.08 – SI Vault

  1. Sports betting on college sports is already becoming a major problem. Witness the recent alleged fixing of games at the University of Toledo.  I can’t believe this problem isn’t close to becoming rampant considering the gaping and growing void between the NCAA and its teams which makes billions and the players who make nothing.

Now Delaware is the 4th state to allow sports betting and though that might solve the first issue for me it definitely does not solve the second and third.  I wish all gambling would stop.

9 Responses to “Delaware allows sports betting”

Edward Lee wrote a comment on May 14, 2009

All three problems are pretty unique to the United States. In the UK online sports books advertise on TV, and nobody frets about people gambling away their houses, refs/players fixing games or funding the mafia.

Edward Lee wrote a comment on May 14, 2009

Sorry, I should restrict the scope of the comment above to major professional leagues. Two-bit Asian and European soccer leagues are rife with corruption, but the EPL, Bundesliga and La Liga are largely clean (the notable omission here would be Serie A, the Italian league).

seonghuhn wrote a comment on May 14, 2009

Interesting. But why are people in the UK not concerned about “refs/players fixing games”? Is it because the amount of gambling is much less?

Edward Lee wrote a comment on May 14, 2009

Sports betting in the UK/Ireland is as popular or more popular than it is in the USA. I’m sure that match fixing (by either players or refs) has happened in the UK before, but I don’t think there’s been anything as big as the Donaghy or Black Sox scandals.

Legal sports books have a huge interest in making sure that the sporting events they cover are clean, and if they see suspicious betting activity they let the authorities know about it. IIRC, all the gambling Donaghy and Rose were involved in was with illegal bookmakers.

seonghuhn wrote a comment on May 14, 2009

Very interesting. Do the UK sports leagues have a financial stake in the gambling too? The NFL is suing Delaware which I can understand since they gain nothing while possibly losing quite a bit. Delaware has admitted that they expect to make most of their revenue from betting on the NFL.

Alex H. Wang wrote a comment on May 14, 2009

Do you know anyone that lives in Delaware?

Edward Lee wrote a comment on May 15, 2009

There isn’t any arrangement where soccer teams/leagues get a cut of the bookmakers’ profits, as far as I know. That being said, in recent years Blackburn Rovers, Aston Villa, Tottenham Hotspur, Fulham, Real Madrid, Valencia and other major European teams have had sports books as official shirt sponsors (they pay to put their logos on the official uniforms).

Bookmaking in Europe and particularly the UK has been legal and tightly regulated for a long time, and as a result is viewed as a legitimate activity.

essny wrote a comment on May 20, 2009

by “all gambling,” do you also mean the lottery? office pots for say, the Oscars? casual bets between friends (I’ll bet you a dollar that X won’t do Y, etc.)?

Mark R. wrote a comment on May 20, 2009

I wish that betting markets were opened to matters much more wide than merely sports. Betting markets (or prediction markets) cut through to the truth like nothing else.

Care to comment?