Basic sports terminology you should know before placing a bet

Sports betting is becoming almost a global pastime. With the advent of online sports betting, more and more people are choosing to try their luck in wedging on sport events.

It is true that in the majority of the Muslim countries, sports betting – both land-based and online – is forbidden. Throughout most of the United States, likewise, sports betting is made illegal. But in Europe, people enjoy betting on sport matches so much that many of them become addicted to it. Thus, in the United Kingdom, sports betting is so popular that almost 2 million people there are classified as problem gamblers or as being at risk of addiction.

Forty-one million visitors flock to Nevada each year to try their hand at gambling and bet on their favorite sport games. The amount of money people annually invest in sport wagering is staggering. According to the latest statistics, around $70 billion is bet on sports worldwide; and these numbers are only approximate, since some of sport betting is done illegally.

In the USA, more than $3 billion is wagered on sport events, with $1.3 billion of this amount placed on American football. The statistics also show that particularly intense betting on American football becomes during Super Bowl: about $99 million gets invested in this sport in America alone.

It is also estimated that more than 200 million people wager on Super Bowl in the world, betting more than $8 billion on its winner. In the UK, sport lovers do not wait for specific events to take place but eagerly bet throughout a year. Their passion for betting makes Britons the leader among European countries engaged in sports betting. In Asia, Japan tops the list.      

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Bill Requiring Addiction Warnings on Lottery Tickets Reappears in Florida Legislature

A bill requiring lottery vendors to place a warning message about addiction risks on lottery tickets is gaining momentum in the Florida Legislature

The measure – House Bill 629 – survived on Thursday a vote in the House Commerce Committee. The bill’s approval in the committee paved its way for a full House floor review. An identical piece of legislation was introduced in the Senate, as well, but that one is yet to be reviewed by members of the Legislature’s upper house.

Authored by Rep. Will Robinson, HB 629 will require all Florida-facing lottery vendors to place the same message on the front of all lottery products distributed across the state. In addition, the piece mandates that the Lottery Department put the same message on all lottery ads and promotions.

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Lawmaker details the case for sports gambling in Ohio - both online and in casinos, racinos

The time is right for Ohio to seriously debate how to move forward with online sports wagering and casino-style sports books under regulation by the Ohio Casino Control Commission, a leading legislator in the process told cleveland.com editors and reporters on Friday.

But, to allow such wagering at any gas station or convenience store now taking Keno bets could be going too far, said state Sen. John Eklund, a Chardon-area Republican.

His answers came in response to editorial board questions about whether Ohio will follow neighboring West Virginia and Pennsylvania into the sports betting arena.

Eklund, after studying the issues for three to four months, said he found it is logical to:

  • Regulate sports gaming through the Ohio Casino Control Commission, rather than the Ohio Lottery as proposed by other legislators.

  • Base in-person betting at casinos and racinos, run by industry professionals who have “developed a broad and deep body of knowledge and experience."

  • Permit online wagering in response to the consumer habits of younger adults so people living far from a casino or racino would being able to “enjoy that activity.” He noted that location-based technology can ensure that people are within Ohio borders when placing bets.

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Casino giant MGM enters Ohio gaming market at Northfield Park

Ohio’s busiest gaming facility is now fully under the operation and branding of one of the largest casino companies in the world, with Tuesday’s ceremonial grand opening of MGM Northfield Park.

MGM Properties in July paid $1 billion for the Hard Rock Rocksino Northfield Park and then on April 1 rebranded the site now being operated by the affiliated MGM Resorts International.

Northfield Park has long led all Ohio casino and racing operations. Yet MGM’s first entry into Ohio raises the possibility of growth in the Cleveland/Akron market, which last year totaled $588.2 million in slots and table gambling revenue, combining the totals for the Hard Rock Rocksino ($255.9 million), JACK Thistledown Racino ($127.4 million) and JACK Casino Cleveland ($204.9).

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Competing bills would put sports betting in lottery or casinos: Capitol Letter

Rotunda Rumblings

Feeling lucky: Two Ohio House members have proposed legalizing, regulating and taxing sports betting in Ohio, using the proceeds to help pay for schools, cleveland.com’s Andrew Tobias writes. Reps. Dave Greenspan, a Westlake Republican and Brigid Kelly, a Cincinnati Democrat, introduced their proposal on Monday to run betting through the Ohio Lottery, in contrast to a Senate proposal that would place it under the auspices of the Ohio Casino Control Commission.

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Addicts, counselors worry about state's legalized sports betting proposal

He's never drank. He's never done drugs. But, Dave Mathess is an addict and he can tell you how everything went wrong.

"In 25 years, I've lost about $1.4 million and I have a dollar in my bank account," he said.

Mathess is happy about that lonely dollar, because he says now he pays his bills on time. He didn't use to.

He had gambled for 35 years and says he was addicted to playing the lottery and bingo for 20 years. He says he lost himself, his family, relationships, jobs and his income. In 2017 he tried to kill himself by taking pills and wound up in the hospital. When he got out he says he knew he had to do something drastic. He went to Hollywood Casino and Scioto Downs and voluntarily banned himself for life.

"If I go in to those casinos, then I automatically go to jail for criminal trespassing," Mathess said.

He's coming up on two years clean and attends counseling at Maryhaven. He says temptations are everywhere and worries if the state of Ohio legalizes sports wagering it can and will be a trigger for addicts.

SB 111, if passed, would permit the Ohio Casino Control Commission to regulate sports wagering.

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Lawmakers proposing bill legalizing sports betting

Imagine watching the Columbus Blue Jackets or Ohio State Buckeyes and having a chance to legally bet on the game. Now a bipartisan bill at the State House moves to make that dream a reality.

The legislation introduced by State Representatives Dave Greenspan (R-Westlake) and Brigid Kelly (D-Cincinnati) would create a sports gaming advisory board would be created and administered by the Ohio Lottery Commission. Betting would be taxed at 10 percent with money going to the Lottery Profits Educations Fund. Two percent of revenue would go to the gaming and addiction fund and other money would go to public education.

"I don't think it's a bad idea or anything like that. It definitely increases people’s interest in sports if they have money on the line,” said Ohio State student Troy Nagy.

Derek Longmeier with Problem Gambling Network of Ohio said his organization doesn’t have a problem with gambling but wants any new efforts to expand options to be done so responsibly. Longmeier said gambling addiction has grown in the past with new options. Prior to the casinos and racinos opening, we had about five percent of the population that were problem gambling.

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Reversing the Reversal: Creating Wire Act Chaos

Late in the afternoon of January 14, 2019, the U.S. Department of Justice (DOJ) released a new memo reversing its stance on the Interstate Wire Act of 1961. This 23-page memo, issued by the DOJ’s Office of the Legal Counsel (OLC) and dated November 2, 2018, stressed that the Wire Act applies to all forms of gaming. The memo reversed an earlier DOJ memo issued in 2011 which stated that the Wire Act only applied to sports betting.

The action, which at best can be described as reversing a reversal, raises several concerns for the gaming industry, especially for online gaming that occurs in the states of Nevada, New Jersey and Delaware, in addition to active online gaming startups under way in Pennsylvania. Taken in its strictest form, the decision may also have serious implications for mobile gaming, sports betting, daily fantasy sports (DFS), lottery, and potentially even internet/social media marketing programs. Global Market Advisors (GMA) had predicted for some time that the reversal of the 2011 memo would occur during the Trump administration through the efforts of the Coalition to Stop Internet Gaming (CSIG).

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The Problem Isn’t Loot Boxes, It’s the Lack of Regulation

The games industry has been exposed to intense scrutiny for years over its inability to regulate loot boxes. Will Bucher, a litigation associate recently spoke at the Games Developers Conference (GDC), where he reviewed some of the legal pitfalls and loopholes concerning loot boxes around the globe.

Bucher expressed that loot boxes aren’t actually the problem. The problem is the lack of regulation, which can lead to loot boxes being used for alternative purposes, like creating compulsion loops intended to keep players playing longer than they may have intended.

Loot boxes have been linked to problem gambling and there have been calls for them to be banned. However, at the GDC the focus of conversation was still that loot boxes remain largely unregulated. Only the Netherlands and Belgium have asserted any level of control in Europe concerning loot boxes, with the Belgium Gaming Commission (BGC) threatening to take EA to court. In contrast, most other countries in Europe and U.S. have left loot boxes alone.

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The Harsh Reality of Video-Game Addiction

Jonas Odell, a Swedish filmmaker, has long been interested in animation and game design. Like many in his field, he has been keeping up with the recent spate of articles about video-game addiction. One thing Odell noticed, though, was that the addicts themselves were almost never interviewed. “Mostly it was experts or concerned parents talking about the subject,” Odell told me. “I was simply interested in hearing these people’s own stories firsthand.”

With the help of a therapist who specializes in addiction, Odell conducted interviews with gaming addicts. Three of these compelling personal stories form the basis of Odell’s inventive short documentary I Was a Winner. The interviewees are embodied in animated re-creations of their gaming avatars, which the filmmaker and his team created based on descriptions the subjects offered of their characters and the worlds they inhabit in game play. Odell based the avatars’ behavior on an experience he once had while watching a friend play Grand Theft Auto. “Whenever he stopped playing but left the game on, the character would suddenly seem at a loss of what to do,” Odell said. “It would start to wander aimlessly back and forth. I found that quite moving—this aggressive [avatar] who normally dragged people out of their cars suddenly seemed very vulnerable.” That was the feeling he hoped to re-create.

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Responsible Gambling

Sports betting, like all kinds of gambling, is best experienced as entertainment. However, some people unfortunately lose control and veer from entertainment into problem gambling and suffer serious negative consequences. Often their families suffer as a result as well. Problem gambling is also known as compulsive gambling and pathological gambling.

The prevalence rate of problem gambling in adults in the United States is somewhere between 2.2% and 2.6% percent of the population, while approximately 1% of the adult U.S population has a “severe” gambling problem, according to figures from the National Council on Problem Gambling, National Center for Responsible Gaming and the North American Foundation for Gambling Addiction. Statistically, younger people and young adults are impacted at a higher rate than other groups.

Regulated gaming — and pertinent here — regulated sports betting, is safer than gambling occurring in unchecked/unregulated markets. State regulators require licensed operators to devote certain resources to problem gambling and take greater measures to prevent customers from engaging in potentially damaging behavior. Of course, compulsive gambling manifests in any market, legal or otherwise.

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Why states are wary of allowing sports betting on phones

For states looking to profit off the new world of legal sports betting, there’s an app for that. The question for state lawmakers: Should they allow it?

As state legislatures across the U.S. decide whether to authorize sports gambling, lawmakers are debating whether the bets — like almost everything else in daily life — should be allowed to happen online or made only in-person.

Among their concerns is that the accessibility of online betting, especially on mobile devices, could be a pathway for minors to start gambling and make sports betting more addictive.

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The Tech Industry’s War on Kids

“We called the police because she wrecked her room and hit her mom… all because we took her phone,” Kelly’s father explained. He said that when the police arrived that evening, Kelly was distraught and told an officer that she wanted to kill herself. So an ambulance was called, and the 15-year-old was strapped to a gurney, taken to a psychiatric hospital, and monitored for safety before being released. Days after being hospitalized, Kelly was brought to my office by her parents who wanted to get help for their troubled girl.

Kelly’s parents spoke first. They said that their daughter’s hospitalization was the culmination of a yearlong downward spiral spurred by her phone obsession. Kelly had been refusing to spend time with her family or focus on school. Instead, she favored living her life on social media. A previously happy girl and strong student, Kelly had grown angry, sullen, and was now bringing home report cards with sinking grades. Kelly’s parents had tried many times in prior months to set limits on their daughter’s phone use, but she had become increasingly defiant and deceitful, even sneaking on her phone at all hours of the night.

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Will legalized sports betting curtail corruption or encourage it?

With more states legalizing gambling on sports, bookmakers, leagues and state tax revenues are winning big. But will players - particularly unpaid college players - be targets for bribery?

Yes, our March Madness brackets are already a mess, too. But here's one safe prediction for the 2019 NCAA Basketball Tournament that tipped off this week: it will feature more wagering than ever before.

That's because last year the Supreme Court overturned a federal law and ruled that it is up to the states to decide whether they want to legalize sports gambling. New Jersey led the way, many more followed and more are planning to soon.

This shift will bring a windfall to bookmakers, sports leagues, and states' tax revenues. But at what cost? This is the first year of widely legalized sports gambling, but 2019 also marks another milestone: the 100-year anniversary of the Chicago Black Sox scandal, when a team in the clutches of gambling mobsters threw the World Series. It's a reminder that, you might say, there's no such thing as a free hunch.

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JACK Entertainment taps CLE brand for new advertising

Like buy-local themes at area markets, JACK Entertainment is tapping loyalty to Cleveland in its new advertising campaign - “JACK Loves CLE.”

The operator of both the JACK Casino in downtown Cleveland and the JACK Thistledown Racino in North Randall has launched print, digital, radio, TV and billboard advertising that directly targets hometown fans.

“I love Cleveland and Cleveland loves JACK,” personalties say at the close of one TV spot that ends with a few lines of Cleveland Rocks!, reminiscent of the music featured on the Drew Carey Show.

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Ohio Sports Betting Legalization: Neighbors, And The Road Ahead

A long-awaited, full-fledged Ohio sports betting bill hit the table earlier this month, the first of its kind for the Buckeye State.

The Ohio Legislature has all of 2019 to consider the issue, but in the wake of the introduction by two state Senators from Northeast Ohio — John Eklund, a Republican, and Sean O’Brien, a Democrat — it has become clear that there’s a substantial debate ahead among Ohio policymakers and the stakeholders and constituents they represent. With that said, there’s no such thing as smooth sailing for state-level sports betting legislation.

The Ohio legislation, Senate Bill 111, was filed a day ahead of Republican Gov. Mike DeWine’s budget address. DeWine, who last year said that Ohio should pursue sports betting regulation, didn’t include any sports betting revenue in his budget. There was some speculation that he might.

“Let’s see where the legislature wants to go and how they want to do it [sports betting],” DeWine said in response to a reporter’s question at a press conference on Mar. 15. The legislation currently calls for a 6.25% tax rate on sports betting revenues, which is lower than Nevada’s take. It’s likely that the low tax rate will be the subject of significant debate in the coming months.

DeWine realizes the bill is still in its infancy, and the potential windfall for Ohio depends on what’s in the bill.

A hearing on the proposal has not been scheduled yet.

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Ohio Auditor: ‘We are engaged in a very intense investigation in Pike County’

It’s been five months since the Ohio State Auditor’s Office launched an investigation into an allegation of misconduct by Pike County Sheriff Charlie Reader.

So what’s the latest?

We asked Ohio Auditor Keith Farber Thursday while he was in town and we interviewed him on a variety of issues.

“We are engaged in a very intense investigation in Pike County. I can’t comment on investigations. We are looking to see where that leads us and it is an ongoing investigation, Ohio Auditor Keith Farber said in an interview Thursday.

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Ohio Sports Betting Bill Finally Appears; Will Sports Gambling Also Surface In Governor’s Budget?

A long-awaited sports betting bill appeared in Ohio on Thursday, marking one of the last major states in the Midwest or Northeast to address the topic in earnest. And it seems primed to get a real push this spring.

The legislation — which you can see here — would allow for both land-based and online wagering in the state.

In the Ohio budget?

Adding intrigue is the timing of the bill, it comes just a day before Republican Gov. Mike DeWine is scheduled to release his budget. The sponsor of the new bill is State Sen. John Eklund, who is also a Republican and chairs the chamber’s Judiciary Committee.

It’s at least feasible that a fleshed out sports gambling bill comes with a push to add revenue to the state budget.

If that’s the case, the possibility of Ohio getting to the finish line on the legislation would seemingly become more likely.

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MGM Resorts signs sports betting deal with Major League Soccer

MGM Resorts International has signed a wagering partnership with Major League Soccer as it seeks to widen its reach to potential sports bettors.

MGM Resorts will become MLS’ first gaming partner, while Roar, the joint venture between MGM Resorts and GVC Holdings, will become its exclusive “official” sports betting partner, the Las Vegas-based company said in a statement Tuesday.

The partnership gives MGM Resorts and Roar access to “enhanced” league data for sports betting customers, television-visible signage at the more than 100 nationally broadcast games, as well as event opportunities in Las Vegas. The data and media exposure are nonexclusive. Financial terms of the deal were not disclosed.

Casino operators and sportsbooks have been seeking ways to promote their brands around the country and win new clients ever since the U.S. Supreme Court overturned a ban on wagering in most states in May.

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March Madness: When a Friendly Bracket Becomes an HR Problem

Next week marks the start of the first March Madness season since a landmark 2018 Supreme Court ruling gave states leeway to allow and regulate sports gambling. Many state legislatures are already jumping at what they consider an untapped revenue opportunity. For their part, manufacturers and other businesses owners are not all exactly jumping for joy—as they see a newly increased risk of overzealous participants and gamblers disrupting the workplace during March Madness.

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