Showing posts with label sports bets. Show all posts
Showing posts with label sports bets. Show all posts

Wednesday, May 16, 2018

Bookies going way of numbers racket?

The Supreme Court of the United States ruled this week that states ought to have the right to come up with legal ways for people to place bets on ballgames without having to worry about the long arm of the law treating them like criminals.
HARRIS: Tried to take Ill. lead on issue

Yet I can’t help but think that for many people, the idea of going to an officially-sanctioned betting parlor to place a few bucks down on a sports event won’t have much appeal.

FOR THEM, THE notion of the bookie and the illicit nature of their act IS the whole point. The last thing they want to do is partake in an event in which the state would take a cut of the proceeds – and would be responsible for guaranteeing that the prize is actually paid off if they win.

Because for the kind of people inclined to want to place bets on sports events, the motivation is the payoff. They want to win the prize, and likely could care less about the ball game itself.

So long as they beat the spread, who actually wins is irrelevant. Just like in the early days of riverboat casinos when some thought people would enjoy the idea of a cruise while placing bets – only to find out people only cared about the bet and those “boats” are all now land-based.

As for those people who all those years showed their devotion to Chicago Cubs baseball placed a bet annually in Las Vegas that their favorite ballclub would win the World Series? Suckers!!!

SO I WAS somewhat amused to hear some people react to the Supreme Court’s ruling by saying that sports betting could actually increase interest in sports events. Not likely.

Unless you want to think of sports fans as the ultimate chumps eager to waste their time and throw away their money by playing the odds of how a particular ballgame goes.

I don’t know how Illinois will wind up structuring a sports betting system, although I’m sure our political people will be greedy enough to want to have another revenue stream to tax. They’ll probably also try defining the concept as being something similar to the Illinois State Lottery and all those games people can play on the potential promise of a payoff. State Sen. Napoleon Harris, D-Harvey -- himself a one-time professional football player -- already has a bill introduced on the issue.
How many placed bet, for kicks, and wound up winning?

Fantasies of being set for life financially, just by picking the right set of numbers.

I MAKE THE lottery comparison because I can recall my own time as a full-time police reporter-type person – which was in the late 1980s and I can recall the occasional stories I’d write about busts and raids that were conducted related to the “illegal lottery,” which is what once was commonly known as the numbers racket.

You play your number and place your bet with a bookie – who in some cases would take as little as a nickel bet, with the potential payoff of $30-40 if you got the right set.

Or nothing, if you were in the majority who didn’t get the right number.

Of course, you’d have to take the chance that the bookie was an honorable sort who’d actually pay up on the people who “won” and wasn’t just counting on all the nickels of losers to add up to dollars that would enrich themselves.

YOU MIGHT WONDER why anybody would keep playing numbers when they could just plop down a dollar or two for lottery tickets and a potentially larger prize. Yet for some people, the official lottery came with too many rules and too much structure and regulation. The illicit overtones are what make it worth doing, while those who prefer a so-called "legitimate" bookmaker probably aren't going to bet enough to make it worth anyone's while financially.
How sport, and gambling really don't mix

Gamblers preferred the informal and unofficial nature of the old numbers racket. Just as I’m sure they’re going to prefer to place bets through a bookie on whatever basketball or football game catches their attention.

So for all the people who think that sports betting will make the state of Illinois wealthy (or at least capable of paying all its bills in a timely maner), I suspect that listeners of the old WMAQ-AM radio had better odds of achieving wealth.

Remember back when one could win a prize if the station called you, and your unsolicited response was, “WMAQ’s gonna make me rich!”

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Wednesday, April 4, 2018

Perhaps a blackjack dealer is the key to resolving our governmental finances

It never fails to amaze (or amuse) me the degree to which our government officials think that gambling is the key to resolving its financial woes.
Should Illinois govt become a bookie?

Do our officials secretly fantasize about being blackjack dealers, thinking they’re capable of bringing in the big bucks that way to come up with the cash to pay our government’s bills.

THE FACT THAT some people wind up digging themselves into deeper holes through their gambling losses – which potentially causes more problems that government agencies could wind up having to deal with – doesn’t seem to factor into their line of thought.

It just seems like the lights and the jingles and the overall garishness of a casino environment is too enticing for political people to turn away from.

Not that I’m overly moralistic. If people want to piss away their money with games of chance, I suppose that’s their right. I’m just not enthused at the thought of having to cover their losses in life.

And yes, our society is only as strong as its weakest individuals. Meaning we can’t just take a hard line and say to let the losers suffer.
HARRIS: Thinks the answer is 'yes'

GAMBLING WAS UP for discussion in recent days. What with the Illinois Senate’s gaming committee (‘gaming’ is for people who want to think of fun, while ‘gambling’ allegedly is for fuddy-duddys who worry too much about the downside of life) meeting Tuesday at the Bilandic Building to talk about ideas from state Sen. Napoleon Harris, D-Harvey.

He wants Illinois to pass legislation that would permit sports betting in Illinois and would create an Internet platform by which Illinois residents could place bets.

Basically, cutting out the bookie and allowing one to place their bets with the state. No word on how Illinois would handle its collections from big-time losers.
How much money could Chicago win off Loyola loss

But just think of how many people would have been eager to place bets last Saturday either for, or against, Loyola University as they went into their semi-final NCAA matchup against Michigan.

HOW MUCH REVENUE could Illinois have taken in by people eager to place a bet on the Ramblers? How much could the Loyola loss have benefitted Illinois? How much does Illinois want to benefit from its residents (a.k.a., suckers) who bet with their hearts and not with their heads?
McCarthy betting his mayoral bid ...

Of course, there are federal laws that already restrict gambling on sports events. Harris’ measure would only be crafted into an actual bill if those laws are repealed – which some seem to think has a real chance of happening.

One realizes that this is Illinois’ vision of trying to raise revenue through peoples’ gambling losses. Which means that Chicago municipal government also has its own schemes in the works.

Take Garry McCarthy, the former Chicago Police superintendent who now is running for mayor in the 2019 election cycle. He’s making one of his campaign talking points the need for the city to have a full-blown casino.
... on enhancing O'Hare environment ...
WHICH ISN’T NEW. Rahm Emanuel has pushed for that, along with Richard M. Daley before him. But while they often talked about a casino near the downtown area, McCarthy would want it to be on the premises of O’Hare International Airport. He envisions all those travelers making stopovers in Chicago spending the time they have to kill at the casino. Their financial losses while in Chicago could benefit the city.

McCarthy even talks, at least during a Sunday morning radio interview on WBBM-AM, about all the layers of airport security as being a plus. It means anybody wishing to gambling will have had to clear security. Less chance of riff-raff managing to slip in and hang around there.
... with a gambling atmosphere
Although it makes me remember a time I was in a restaurant that had slot machines, and the owner advised me I could win enough money to pay for my meal IF I played the slots while waiting for my food.

Would we wind up getting people traveling from one place to another who pass through Chicago blowing their bucks in the Second City? Thereby depriving some other destination place from benefitting from the intended spending?

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