if the poker site deal scared you !!!!

[NEJAKE]

I'd bury it!

And I agree Chung, off shore will be targeted again....shit HMS shut down channelsurfing.net and justn.tv and then the poker sites were taken out. Now I feel action against off-shore continue.

[savage1]

I still believe that over the long haul the problems will be ironed out.
The US Govt. realizes that folks like to gamble on sports whether it be with a local or for the last 10+ years in many instances with offshores.
Thus taking it as a given that folks are going to bet even though it is not legal other than in Nevada, the govt. wants its share of the tax revenues if folks are winning and obviously not reporting it or more likely just to get a portion of the money LOST gambling by having knowledge of it(much of this goes back to what Chunger said).
Now the question is how does the Govt. get this revenue.
Well obviously they can pull tactics like they did in Maryland and try to scare the operators of these sites from accepting bets and take away their domains, etc. with other related actions as well as trying to scare folks away from using them(as you can see in this thread and others they have already done that).
The problem is that the Govt. knows full well that even if they shut down the Offshores and scare off many people from using them, many of the latter will simply go back to their Locals meaning that the Govt. will still not get any revenues.
Thus the logical answer to this is that the Govt. knowing people are going to bet no matter what(a la Prohibition),is going to try to set up a means by which it can get that badly needed revenue.
With above in mind, I believe that at the very least, eventually you will ses sports gambling legalized all over the country and not just Nevada with very tight regulation and reporting requirements.
The offshoot of this is that there will be legalized and regulated ONshores which exist in the US to accept bets.
The Offshores in order to exist will have to comply with laws set up by the US Govt. in order to continue business and more importantly will have to take steps to compete with the now legalized US sites on the internet(most folks would rather deal with legalized US sites on line rather than a foreign one all other things being equal).
Someone mentioned something about this being an election year and implying that politicians want to tip toe about this matter.
My answer is that any politician(s) who could please all parties concerned-the people, the Govt., the various gambling establishments and sites(those which currently exist and especially those which would come into existence) would garner a lot of votes.
Anyways, fwiw, thats my theoretical take on things as they currrently stand.

[buddyluv1968]

Yea, but do they really care about all the "small" amounts that go on daily???

Seriously, think about how many million+ transactions go on each day...

I agree and hope you are right, but the fed are unpredictable.....

[savage1]

I just got an email from Bookmaker saying "Business as usual" which to my says to US Govt.-"Up yours."
Kudos to BM and other offshore and for that matter any bettors(including me) who aren't intimidated by the recent flex their muscles/actions of the US Govt., when there are so many other much more pressing matters in THIS country and the world!

[BettorsChat]

SERIOUS ANSWERS PLEASE

I HAVE WITHDRAWN A SERIOUS AMOUNT OF CASH FROM DSI (DIAMOND WHO IS OWNED BY BOOKMAKER ) OVER THE LAST 2 MONTHS

ALL WITHDRAWLS WERE VIA wire DEPOSITED INTO MY BANK ACCT

BECAUSE OF WHAT WENT DOWN YESTERDAY.... DO I NEED TO GET MY MONEY OUT OF THE BANK AND SAY GIVE

IT TO MY SISTER TO TO DEPOSIT IT UNDER HER NAME ( YES I TRUST HER )

ARE THESE ASSHOLES GOING TO USE THE PROCESSERS TO TRACE / FOLLOW THE MONEY AND FREESE MY / OUR

BANK ACCTS IF WE HAVE RECIEVED MONEY FROM DSI/ BOOKMAKER ???

BASICALLY SHOULD I TAKE THE MONEY OUT OF MY BANK BEFORE THIS PIECE OF SHIT GOVERNMENT FREESES IT ?


ALSO... I REQUESTED A LARGE PAYOUT YESTERDAY MORNING BEFORE ALL THIS SHIT WENT DOWN.... WHATS THE LIKELYHOOD IM GOING TO GET IT BY THE END OF THE WEEK OR ANYTIME SOON ?

IMO no, just pay your taxes on your winnings.

[WayneChung]

on 4/19, A GOOD MONTH PRIOR-chunger predicted doom and despair for the offshores-i only have this to say-"CHUNGER IS A GURU,CHUNGER IS A GURU,CHUNGER IS A GURU,CHUNGER IS A GURU"-tehehe !!!!

[wayne1218]

You guys worry like a bunch of women at a Bingo hall ...... too much!

[savage1]

on 4/19, A GOOD MONTH PRIOR-chunger predicted doom and despair for the offshores-i only have this to say-"CHUNGER IS A GURU,CHUNGER IS A GURU,CHUNGER IS A GURU,CHUNGER IS A GURU"-tehehe !!!!

When is the end of the world coming according to the Chungeristomy Theories?

[WayneChung]

You guys worry like a bunch of women at a Bingo hall ...... too much!

i am not worried at all,i got my funds out,was just trying to help with the warning,ask spark,my main concern on this site is everybody beating the man and making money,you can not be serious that you feel comfortable with money in an offshore now ?

[WayneChung]

thats from the heart guys,i know i gloat a lot if i predict something right,i can't help it,i'm just cocky,but honestly all i was doing was trying to help out with that warning,anybody that knows me well-knows my intentions were from the heart with this-and of course i was warned by someone else-no,i am not that great of a guru-lol !!!!

[wayne1218]

i am not worried at all,i got my funds out,was just trying to help with the warning,ask spark,my main concern on this site is everybody beating the man and making money,you can not be serious that you feel comfortable with money in an offshore now ?

Very serious and not worried at all to be honest.

[WayneChung]

Very serious and not worried at all to be honest.

our views are very different,what i posted here was info which i thought just as important as your GOY plays,win or lose,in 90 % of those threads i told you attaboy afterwards or we will get them next time,IMO,the info i posted here was just as important to the player-instead of great call chung,i get-"DON'T WORRY SO MUCH"-anyway-we look at things from very opposite ends of the spectrum !!!!

[WayneChung]

good read from another player

Heres the thing - and I guess I should articluate it maybe a little bit better:

There will always be places to bet if you want to bet.

But, if you are like me - you make money by having the following conditions - and these are required:

1. Free market with competitve available lines amongs dozens of options of SB's.
2. Free movement of funds between books and home banks
3. Risk of forfeiture of money low due to books going under or confiscation.

You cannot accomplish those three things as an American bettor (unless you set up an offshore presence). In fact, you cant accomplish ANY ONE of those. Up until 2006 we had ALL of those.

So this post is not telling anyone that there wont be a sportsbook somewhere that is always willing to take a deposit and allow you to bet, or find a track to bet at, or a local. This post is saying that if you relied on the 3 things listed above in your method - you are screwed.

If you choose to keep money at Greek or BM, or any other SB that accepts Americans, you are PAYING A FEE FOR RISK. Risk is higher than ever, and if you are willing to accept that risk, there is a cost to it. Im not telling you not to do it (as I have been asked several times in this thread "should I take my money out") - I am simply telling you that you have to evaluate your risk tolerance - because pretending that there is no risk is silly.

You cant compete across sportsbooks for lines, you cant assure getting the lowest line available because you only have a couple of options, you cant move money freely and there is a cost and a risk cost to doing so that has never been higher - throw those things together and you have a recipe for non-profitabliity. I cant see how you can beat that longterm.

Can you go set yourself up in a foreign country with banking, address, and have sportsbooks like Pinnacle, Betfair, Matchbook etc and insulate yoursel? Yes. Does the average person want or have the means to do that? No.

From my point of view (opinion) - I dont know how anyone can make money doing this betting in to -110 lines, with very little competitiion for diversity of spreads, no exchange marketplace, no way to move money freely, and added risk cost. It seems impossible to me. The threshold is just way too high, out of the range of mortal handicappers to win longterm.

So make your own decisions. Keep your eyes and ears open. I wouldnt be surprised if these SB's were shut down tomorrow, and I wouldnt be surprised if they were open in 10 years. The US govt might not be too interested in them because sportsbetting is not going to be legalized anytime soon - and this was just a Hiroshima move to clear the way for the rebuilding contract to be issued to the corporate casinos - who now have a clean slate. But none of this matters to the guy who is trying to be profitable, and finds that the landscape is like trying to play ice hockey on a frozen waterfall.

I dont know much about the inner workings of SB's. I do know that they are not run by rocket scientists and beacons of legitimate business. I also know that poker sites and SB's share processors, and processor techniques.

I think the biggest protection SB's have is that the DOJ might deem them just too small to even matter right now, and that they dont fit the profile of what their objective is - which I feel is to clear the way for corporate legalization.

But dont you think the DOJ has experimented with sending the same WU's you do? Dont you think they know that Michael Jackson Gonzalez is not a real person living in the Philippines and that the SB's have set up a network of WU processors who give out dummy names? Dont you think they could and would squash this if they wanted to and felt the time was right?

Once again, you the sender are in no danger - but the risk here is simply knowing that there are lots of Jamie Moyer fastballs sitting belt high waiting for the DOJ to hit out of the park when they want to. This is my opinion, I have nothing concrete to back this up other than my own observations - but I think you have to be in serious denial to assume that if the DOJ wanted to that they couldnt unravel this ball of yarn anytime they wanted to.

[wayne1218]

our views are very different,what i posted here was info which i thought just as important as your GOY plays,win or lose,in 90 % of those threads i told you attaboy afterwards or we will get them next time,IMO,the info i posted here was just as important to the player-instead of great call chung,i get-"DON'T WORRY SO MUCH"-anyway-we look at things from very opposite ends of the spectrum !!!!

Chung this isn't a posted pick where we keep a record. It is about sportsbooks and everybody is going to have their own opinion. When you post a thread here in all sports "Discussion", chances are the world isn't going to agree with you. Many may but many won't. It isn't a matter of being right or wrong, it is about each individuals feelings on the issue and i simply happen to believe differently. No need to get offended over it but i too (Like Monte) have an opinion and i think some people are being put in to a panic that shouldn't be, that's all.

[wayne1218]

Also, i think for me anyway, the opinion that should carry the most weight on this particulor issue is Monte. Let's face it, he has more 1st hand knowledge than the rest of us here combined with these books. They are sponsors and he deals with the higher up on a 1st name basis. He too has the same views that i do on this. If his views were different and he told me to run, i would think twice about it and run. He hasn't done that.