NCAA Set to Relax Some Gambling Rules

[Wrestleknownothing]

The D1 Administrative Committee voted to allow athletes to bet on professional sports. Still no betting on college sports. The rule only goes into affect if both D2 and D3 vote to do the same thing.

I guess they had to remove some of their hypocrisy with respect to gambling.

 

 

[ScottishSteel]

I just left working in college athletics after a few decades this summer to be a degenerate and now they change the restrictions? c'mon . . . what rotten timing

[BarSeries]

[Wrestleknownothing]

46 minutes ago, BarSeries said:

The gambler's creed. I wasn't wrong, I was just early.

[Gene Mills Fan]

11 minutes ago, Wrestleknownothing said:

The gambler's creed. I wasn't wrong, I was just early.

The gambler's creed. I wasn't wrong, I was just 'Mr Hustle"

[MPhillips]

31 minutes ago, Gene Mills Fan said:

The gambler's creed. I wasn't wrong, I was just 'Mr Hustle"

Similar to, "Charlie Hustle."

[fishbane]

The rule change wouldn't really help Brands.  He bet on Iowa's football team, no?

[Truzzcat]

12 minutes ago, fishbane said:

The rule change wouldn't really help Brands.  He bet on Iowa's football team, no?

I pray he was betting against them

 

[Wrestleknownothing]

1 minute ago, Truzzcat said:

I pray he was betting against them

 

As long as he bet the under he should be flush

[bnwtwg]

15 hours ago, fishbane said:

The rule change wouldn't really help Brands.  He bet on Iowa's football team, no?

Don't let that inconvenient fact of all the guys involved change the narrative though

[Interviewed_at_Weehawken]

18 hours ago, Wrestleknownothing said:

As long as he bet the under he should be flush

He admitted to betting the under.

[AgaveMaria]

No gambling on anything is easy to understand.

This will open up more problems.

[ionel]

5 minutes ago, AgaveMaria said:

No gambling on anything is easy to understand.

This will open up more problems.

Would it be ok to bet on the number of times Manning says "what's he doing" during the Ntl Duals?  Its not betting on wrestling and I'd say not even betting on coaching wrestling.  It's just betting on how many times in a random event a random individual says a specific random thing so ... 

[Dark Energy]

It’s interesting how many people think it is horrible when big corporations take advantage of lower intelligence or naive people.  Think about predatory mortgages.  
 

And yet there are many people who are fine with promoting and supporting gambling.  A highly effective means for separating signifiant funds from lower intelligence / naive people with no long term benefits.

An interesting juxtaposition.
 

 

[ionel]

4 hours ago, Dark Energy said:

It’s interesting how many people think it is horrible when big corporations take advantage of lower intelligence or naive people.  Think about predatory mortgages.  
 

And yet there are many people who are fine with promoting and supporting gambling.  A highly effective means for separating signifiant funds from lower intelligence / naive people with no long term benefits.

An interesting juxtaposition.
 

 

But all the gambling profits will go toward educating the lower intelligence / naive poor people.  

[Interviewed_at_Weehawken]

5 hours ago, Dark Energy said:

It’s interesting how many people think it is horrible when big corporations take advantage of lower intelligence or naive people.  Think about predatory mortgages.  
 

And yet there are many people who are fine with promoting and supporting gambling.  A highly effective means for separating signifiant funds from lower intelligence / naive people with no long term benefits.

An interesting juxtaposition.
 

 

The lottery: A tax on stupidity

[MidniteToka]

Yeah, no way anything can go wrong here.

Let's see if I can get on board with this the way many other stupid things are sold.  JOBS, JOBS, JOBS!  

I know, it will create very few if any jobs.  About as many as when our various governments hand over millions to someone else with a line of BS.

[flyingcement]

30 minutes ago, Interviewed_at_Weehawken said:

The lottery: A tax on stupidity

State lotteries are a major revenue source for certain states.  I remember researching this at one point and I believe Ohio had a very high share of state revenue stemming from lotteries.  But there are many others.  

Edit: it may have been Ohio in the past, but I just checked and the three states with highest revenue % from lotteries are Rhode Island, West Virginia, and South Dakota.  Each derives 3% of their state revenue from lottery.

Edited 3 hours ago by flyingcement

[Dark Energy]

2 minutes ago, flyingcement said:

State lotteries are a major revenue source for certain states.  I remember researching this at one point and I believe Ohio had a very high share of state revenue stemming from lotteries.  But there are many others.  

It functions in a similar way to a fantastically regressive tax.  Drawn mostly from the pockets of low income residents.  

[ionel]

36 minutes ago, flyingcement said:

 three states with highest revenue % from lotteries are Rhode Island, West Virginia, and South Dakota.  Each derives 3% of their state revenue from lottery.

and who pays the "lotto tax?"

[flyingcement]

53 minutes ago, ionel said:

and who pays the "lotto tax?"

Mostly the poor and lower middle class

[ionel]

7 minutes ago, flyingcement said:

Mostly the poor and lower middle class

xactly