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Gambling Newsbeat

Tuesday, February 05, 2019

US sports leagues split on how to monetize sports betting

Jumping to the section of most direct relevance to baseball:

The NBA, MLB and golf’s PGA Tour began lobbying individual states for direct payments, an idea widely known among legislators and lobbyists as an “integrity fee” but that the leagues prefer to call a royalty. The leagues say they deserve to be reimbursed for costs to make sure their games are free from scandal and manipulation. They also feel that outside companies making money from games should share profits with those organizing the sports.

“It obviously helps the leagues in providing compensation to us for our product,” said Bryan Seeley, a senior vice president of Major League Baseball. “It also helps defray the costs for us for integrity and regulatory costs.”

Those costs include hiring additional people to monitor games and betting activity, training players, referees and other league employees on integrity measures, developing special software and hiring outside consultants, said Dan Spillane, an NBA senior vice president. But neither of those leagues would quantify exactly how much integrity measures are costing them or how much is new spending, given that illegal sports betting has been popular in America for a long time and other countries offer legal wagering on their games.

Some of us consider “integrity fees” and “collecting money from gamblers” to be contradictory by definition, but it seems that this is not an era when we will be listened to.

 

 

QLE Posted: February 05, 2019 at 05:32 AM | 11 comment(s)
  Beats: dollah dollah bills, y'all, gambling, integrity fee

Wednesday, January 09, 2019

Move over Red Sox: Astros the best team in baseball in 2019, according to one oddsmaker

The Boston Red Sox may have won the World Series in 2018, but the Houston Astros will be better in 2019. If you have a problem with that statement, take it up with the oddsmakers.

Caesar’s Palace in Las Vegas believes the Astros will win the most games during the 2019 Major League Baseball regular season. Yes, that’s right, it’s barely January and MLB win totals have already been released.

Is this really the sort of thing we want an organization so closely tied to MLB management to be releasing?

 

QLE Posted: January 09, 2019 at 08:15 AM | 7 comment(s)
  Beats: astros, gambling, odds

Thursday, December 13, 2018

Why gambling used to scare baseball and why it doesn’t anymore

In 2013, Selig gave sworn testimony about the Lovecraftian horrors that would emerge from gambling’s depths to consume baseball.

In 2018, his replacement waxed poetic about just how snugly the sport and gambling fit together.

This is how baseball stopped worrying and learned to love the casino.

Interesting read on the optics of gambling, and how technology plays in.

Greg Pope Posted: December 13, 2018 at 07:51 PM | 67 comment(s)
  Beats: gambling

Thursday, November 29, 2018

No, MLB partnering with MGM Resorts does not somehow vindicate Pete Rose

Yesterday I wrote about how Major League Baseball and MGM Resorts have become business partners, with the latter being “the official gaming partner” of MLB.

While some people’s response to that has been about what the partnership means on a practical level, the overwhelming response has been “BUT WHAT ABOUT PETE ROSE?!!!! HOW CAN MLB KEEP HIM BANNED?!! HYPOCRITES!” For a sampling of that go here and here and here and here and here and here and here and then take my word for it when I say that that sentiment was repeated a MILLION times yesterday and into today. Even people who, you’d think anyway, would know the significance of a sponsorship deal are trafficking in this stuff.

Claiming there is some connection between these two things is dumb, people. Don’t be dumb. Because being dumb is dumb.

QLE Posted: November 29, 2018 at 07:45 AM | 67 comment(s)
  Beats: bad ideas, gambling, pete rose, twitter

Wednesday, November 28, 2018

MLB officially gets into the gambling business and now thinks its slow pace is a selling point

The biggest revelation in baseball Tuesday wasn’t that Major League Baseball was partnering with MGM to officially get into the gambling business — that was only a matter of time since the Supreme Court decision in May that opened the doors to legalize sports betting.

The biggest revelation in baseball came during the announcement of the MLB-MGM deal and it was this: Pace-of-play isn’t that bad after all.

Yes, you read that right. Baseball’s slow pace is being propped up as a good thing after years of hearing about how it’s ruining baseball and years of developing new rules aimed at fixing it. It goes to show, when sports gambling becomes legal, anything can change.

It isn’t every day when MLB runs with two different bad ideas at the same time….

QLE Posted: November 28, 2018 at 06:13 AM | 80 comment(s)
  Beats: gambling, mgm, mlb, pace of play

Wednesday, October 10, 2018

MLB Wants Casinos to Pay It a Cut from Wagers Placed on the Sport

Kenny Gersh, Major League Baseball’s executive vice president of gaming, said the league is seeking a fee from casinos if sportsbooks are going to profit off legalized sports gambling.

According to the Associated Press’ Regina Garcia Cano, Gersh told a panel at a Las Vegas trade show on Wednesday that MLB wants a 0.25 percent cut of betting handles in the spirit of “fairness.”

“The state is going to designate these three, four, five very specific licensed entities: You guys get the right to make money from sports betting,” Gersh said. “From a fairness perspective we think, if you are going to designate someone to be able to make money off of what at the end of the day is our sport and our events because if the Yankees weren’t playing the Red Sox last night, you are not betting on the Yankees and the Red Sox ... we think we should be involved in that.”

MLB getting closer to gamblers? Whatever could go wrong?


 

 

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