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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?

QLE Posted: October 10, 2018 at 11:49 PM | 18 comment(s) Login to Bookmark
  Tags: gambling, integrity fee, legalized sports gambling, wanting a piece of the action

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   1. Pat Rapper's Delight (as quoted on MLB Network) Posted: October 11, 2018 at 12:53 PM (#5764633)
Major League Baseball’s executive vice president of gaming

And to think MLB once banned Mickey Mantle and Willie Mays for merely acting as celebrity schmoozers for casinos that didn't even have sports books at the time.
   2. . Posted: October 11, 2018 at 12:58 PM (#5764634)
LOL. Kind of hard to see here what leverage MLB has to all of a sudden start taking a cut of activity it hasn't suggested it should get a cut of for decades.(*)

And if memory serves, MLB lost the big lawsuit trying to get a cut of fantasy sports based on IPish claims -- so litigation probably won't work.

(*) The term "integrity fee" has been floated, but what are the sports going to do? -- intentionally harm their integrity just so people won't gamble anymore? Seems ... unrealistic. The casinos can get and have gotten "integrity" for free for decades; there's no reason to expect them to pay for it now.
   3. Nasty Nate Posted: October 11, 2018 at 12:59 PM (#5764635)
I made my first couple of baseball bets (not counting with friends) this year. I took the Rockies moneyline over the Cubs in their one-gamer. And in August, I bet on the Indians to win the WS.
   4. Pat Rapper's Delight (as quoted on MLB Network) Posted: October 11, 2018 at 01:18 PM (#5764655)
Did someone say "integrity"?
   5. Itchy Row Posted: October 11, 2018 at 01:20 PM (#5764657)
if the Yankees weren’t playing the Red Sox last night, you are not betting on the Yankees and the Red Sox
The only solution is for MLB to get rid of the Yankees and Red Sox.
   6. GregD Posted: October 11, 2018 at 01:25 PM (#5764663)
If this did somehow happened, at least we could assured it wouldn't possibly create any perverse incentives
   7. BrianBrianson Posted: October 11, 2018 at 01:29 PM (#5764666)
What a coincidence! I also want casinos to pay me a cut from wagers placed on baseball.
   8. Ziggy's screen name Posted: October 11, 2018 at 01:47 PM (#5764678)
Yeah, how on earth could they claim a right to any of this?

In order for the house to collect/pay out, they need to say who won. Which counts as an "account" or "description" of the game. And they didn't get express written permission from MLB to disseminate same. And MLB is offering to give express written permission for a 0.25% cut?

That's the best I got. IANAL and all, but I don't see how they're getting any of this action.
   9. PreservedFish Posted: October 11, 2018 at 01:54 PM (#5764680)
Read the excerpt Ziggy. "In the spirit of fairness!" They're just asking nicely.
   10. jmurph Posted: October 11, 2018 at 01:57 PM (#5764685)
Yeah, how on earth could they claim a right to any of this?

In order for the house to collect/pay out, they need to say who won. Which counts as an "account" or "description" of the game. And they didn't get express written permission from MLB to disseminate same. And MLB is offering to give express written permission for a 0.25% cut?

Different sport but here is a thing about how the NBA is approaching it. The gist is use of logos/names, access to highlights, direct data feeds (for real time, in-game betting), etc.
   11. What did Billy Ripken have against ElRoy Face? Posted: October 11, 2018 at 02:25 PM (#5764699)
In order for the house to collect/pay out, they need to say who won. Which counts as an "account" or "description" of the game. And they didn't get express written permission from MLB to disseminate same. And MLB is offering to give express written permission for a 0.25% cut?

That's the best I got. IANAL and all, but I don't see how they're getting any of this action.
IAAL, and yeah, they would have no right to a cut just based on the results alone. Per jmurph's post above, they would have to strike a voluntary deal based on whatever "added value" they could offer with things they do have proprietary rights in.
   12. Pat Rapper's Delight (as quoted on MLB Network) Posted: October 11, 2018 at 02:27 PM (#5764703)
The gist is use of ... direct data feeds (for real time, in-game betting), etc.

When it gets to the point that there's a constant crawl during broadcasts offering prop bets and a number to text to place bets while the announcers are coerced into shilling for it all, that's the point I'm done watching live sports.
   13. manchestermets Posted: October 11, 2018 at 03:53 PM (#5764775)
I don't think it's still the case, but in the past the British football leagues used to claim copyright on the fixture lists for exactly this reason - in order to reproduce them to accept bets, the bookmakers and the football pools companies had to pay a licensing fee. At one point, supposedly in order to discourage match fixing, the licensing conditions even prohibited the bookies from taking single bets on games - there had to be a parlay (Is that the right word in the US - where the return from one leg of the bet is the stake for the next leg, and so on? Called an accumulator over here.) over at least three matches.
   14. ERROR---Jolly Old St. Nick Posted: October 11, 2018 at 04:21 PM (#5764785)
Major League Baseball’s executive vice president of gaming

And to think MLB once banned Mickey Mantle and Willie Mays for merely acting as celebrity schmoozers for casinos that didn't even have sports books at the time.

That pretty much says it all.

   15. What did Billy Ripken have against ElRoy Face? Posted: October 11, 2018 at 04:42 PM (#5764806)
I don't think it's still the case, but in the past the British football leagues used to claim copyright on the fixture lists for exactly this reason - in order to reproduce them to accept bets, the bookmakers and the football pools companies had to pay a licensing fee.
Are "fixture lists" just game (match) schedules? In the U.S., they would not have copyright protection for something like that, consisting of only factual information.
   16. Walt Davis Posted: October 11, 2018 at 04:47 PM (#5764809)
I figured licensing would be the argument (per earlier posts) but that also brings the MLBPA in, so maybe MLB is asking nicely for something they don't have to share with the union. And casinos could always go the "San Fran LF" route if they don't want to play along.
   17. Rally Posted: October 12, 2018 at 08:48 AM (#5764992)
LOL. Kind of hard to see here what leverage MLB has to all of a sudden start taking a cut of activity it hasn't suggested it should get a cut of for decades.(*)


They are going to send Aaron Judge, Evan Gattis, Jesus Aguilar, and Rougned Odor over for a "conversation", and have them convey an offer the casino's can't refuse.

They bake a pie, MLB wants a slice.
   18. Gary Truth Serum Posted: October 12, 2018 at 09:18 AM (#5765013)
there had to be a parlay (Is that the right word in the US - where the return from one leg of the bet is the stake for the next leg, and so on? Called an accumulator over here.)

Not quite. A parlay is betting one more than one outcome simultaneously, with no component of the bet designated as coming first or having a higher priority. All outcomes have to win in order to win the parlay, except that ties are treated as non-events and just reduce the payoff of the bet. What you describe, pre-specifying that the winnings from one bet ride to the next is called an "if bet" over here. I'm not sure what the practical difference is between the two, though.

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