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Pro leagues try blocking sports betting in N.J.

District Judge Michael Shipp would rule on the leagues’ motion. – The four major professional sports leagues and the NCAA filed papers in court Monday to stop New Jersey’s plan to allow legal sports betting beginning this weekend, when gamblers could become the first in the nation outside Nevada to wager on single games.

The bill Christie signed effectively repealed the state’s laws against sports gambling. He had been scheduled to hear arguments next month on whether he should modify his 2013 order prohibiting sports gambling in light of a subsequent appeals court ruling that sports gambling supporters saw as offering a legal justification. Of the three, only Delaware offers parlay betting in which bettors must correctly pick several games to win money.

It wasn’t immediately clear when U.S. Earlier in the day at a campaign event before the filing was released, Christie said, “We’re moving forward. None of Atlantic City’s casinos has released a plan to offer sports betting. This material may not be published, broadcast, rewritten, or redistributed. A spokeswoman for the Meadowlands Racetrack said Monday the track had no plans to implement sports wagering and was taking a wait-and-see approach.

New Jersey voters overwhelmingly approved a nonbinding referendum on sports gambling in 2011, and Christie signed sports wagering legislation in early 2012. Supreme Court declined to hear New Jersey’s appeal.

In that appellate opinion last November, the judges wrote that “we do not read PASPA to prohibit New Jersey from repealing its ban on sports wagering.”

The National Football League, the National Basketball Association, the National Hockey League, Major League Baseball and the NCAA, in their filing, say New Jersey’s new law violates the 1992 Professional and Amateur Sports Protection Act (PASPA) by offering what amounts to state-sponsored sports gambling by restricting it to casinos and racetracks that are already heavily regulated by the state.

Monmouth Park, a horse track, is the only location that has said it’s ready to accept wagers and has outfitted an area for a sports book operation.

A spokesman for Christie didn’t comment after the filing was made Monday, citing the pending litigation. The pro leagues and the NCAA sued later that year, and Shipp and the appeals court ruled against the state’s effort to have PASPA declared unconstitutional. That is seen as a way around a 1990s federal law that restricts state-sponsored sports gambling to Nevada and three other states. All Rights Reserved. The U.S. Chris Christie last Friday.

© 2014 The Associated Press. 26.”

NEWARK, N.J. But acting state Attorney General John Hoffman withdrew the state’s request for the hearing after Christie signed the law.

New Jersey’s latest effort is “in clear and flagrant violation of federal law,” the brief states, adding that the law Christie signed “is nothing more than a de facto authorization of sports gambling.”

The leagues filed a motion in federal court in Trenton, N.J., seeking an injunction that would stop the state from allowing casinos and racetracks to offer sports betting under legislation signed into law by Republican Gov. We’ll see what happens.”

This summer, Christie vetoed an altered version of the sports wagering bill that would have removed sports betting from state control, but in early September he issued a directive for Hoffman not to prosecute casinos and racetracks that offered sports betting.. On its website, Monmouth Park announced it would “begin offering and accepting wagers on sporting contests and athletic events on Sunday, Oct

Horse Racing Systems: 5 That Work

I’ve identified some of the most useful handicapping factors that have a proven history of doing much better than the track takeout and put them together with some simple rules that should make your trips to the racetrack more fun and profitable.

Look for comment lines like “bled”, “lost rider”, “clipped heels”, “stumbled”, “steadied”, “between horses”, “rank”, and “jumped shadows” that suggest that a horse’s last race was not indicative of its true ability. They will, however increase the chances of a profitable day at the races by ensuring that your wager dollars go where they have the best chance of success. The horse with the best combination of the two is the play.

This causes the favorite to be under bet in the place pool, leading to a profit opportunity for us to take advantage of by betting the favorite to place. My computer studies of pedigree, based on nearly 100,000 races, suggest that using pedigree in that manner offers no advantage to the player.

Looking for a dead simple horse racing system that will allow you to quit your job and make a living betting the horses in just 10 minutes a day? Good luck with that!

For instance, many speed figure handicappers reported making horse racing profits in the 60′s and 70′s simply by betting horses with the best last race speed figure. Because speed figures have gained in popularity over the years, anyone following that system now would have trouble coming up with gas money for the ride home from the track.

In that spirit. I was able to replicate this result in my own study of nearly 100,000 races conducted a decade later.

The horse with the best last race speed figure (whether Beyer, BRIS, or Equibase) may not be the best horse in the race, but he’s probably not far off, so we can use that as a proxy for selection purposes.

First time starters return only about 60 cents on the dollar, and second time starters are only a little better, returning less than 70 cents on the dollar. My study suggests that’s not the case.

However, just because systems won’t make you rich doesn’t mean there’s no place for them at all in a horseplayer’s arsenal. It must follow, therefore, that if we bet the best horse that has started at least twice, we stand an excellent chance of beating the takeout, particularly in races that have several first and second time starters.

Nunamaker reported that the inside post in dirt route races won at a 20% greater than expected rate, and lost only 10 cents on the dollar, much better than the track take. Just don’t expect to quit your day job.

None of these systems will make you rich, or even guarantee that you will make a profit. Few bother to even look at the comment line for the race, let alone take the trouble to seek out and watch the replay of the race. None of them work.

Horse Racing System #3 – In maiden claiming races, bet the horse with the best pedigree. This offers opportunity to more diligent players.

In fact, pedigree does not generally offer wager value with one curious exception: well bred horses do surprisingly well in maiden claiming races. Let me let you in on a little secret about these “magic formulas”. The inside post combined with early speed is a particularly potent combination, since the horse will not have to exert himself as much to gain his preferred position at the front of the pack.

For as long as humans have bet on horse racing there have been system sellers trying to con the gullible into parting with their hard earned money with the lure of easy profits to be made on the sport of kings. It should go without saying that you should actually like the favorite’s chances after evaluating the race with your own handicapping.

Horse Racing System #5 – Bet Horses breaking from the inside post in route races. In most case the public seems to take a horse’s last running line at face value. This is somewhat counter-intuitive since you’d expect that horses with good pedigrees that end up in the maiden claiming ranks probably can’t run at all. Thanks for reading, and see you in the winner’s circle.

Second, the very nature of the parimutuel system itself means that any profits to be made from following a particular set of rules will quickly be arbitraged away as the followers of that system drive down the odds of horses chosen by the system.

Horse Racing System #1 – In maiden races, bet the horse with the best last race speed figure that has had at least two career starts. To the extent that most handicappers use pedigree at all, it’s usually to identify horses that may improve when switched to the turf, or those who may be expected to win as first time starters. With the BRIS pp’s you can use the Sire Production Factor in concert with the pedigree rating. If the tote board suggests that the public is overlooking these mitigating circumstances, make your play.

Horse Racing System #2 – Bet horses that have an excuse for a poor performance in their last race. The inside post in turf routes actually showed a small profit, but this was based on a small sample size and cannot be relied upon. One of the few anomalies turned up by Michael Nunamaker in his pioneering computer study “Modern Impact Values”, published in 1994, was that horses breaking from the inside post position in route races won more than their fair share of races, and were under-bet by the public. This is another mistake that bettors make: in a race with a clear standout, many people give up on the win pool and bet their choice to place, thinking that they’ll get paid even if the favorite wins.

In the first place, the parimutuel takeout in horse racing is large (over 15%) and the mutuel pools are relatively efficient, so that even systems with a strong basis in reality can’t overcome the size of the takeout.

How do we identify the best pedigree, then? If you’re using the DRF past performances, use the stud fee as a proxy for quality, and the Tomlinson figure to judge suitability for the distance and surface. My own studies have shown a similar advantage for the inside post in routes.

. This system takes advantage of one of the few glaring inefficiencies in the parimutuel pools, namely that first and second time starters are badly over-bet.

Horse Racing System #4 – Bet low-priced favorites to place. Most people who love horse racing would be thrilled just to win a little more and lose a little less on their trips to the track.

Instead of blindly betting all horses breaking from the inside, you might use this to supplement your handicapping, paying particular attention to the inside horse, and betting it when you like the horse on other handicapping grounds

Betting on Sports – 6 Winning Rules by Don Stark

If betting on sports is more than just a recreational pastime, or if you just don’t have the time or resources for Rule #5, seriously consider employing the services of a professional sports handicapper. To be successful at anything, your mind needs to be 100% clear and functional. Secondly, never wager more than 2% of your total bankroll on any single wager. Whichever group you fall into, sports wagering must be treated the same as any other financial investment. . Over the course of a year, that ½, 1, or even 2 point difference will come into play many times, and trust me…it will add up to a lot of money.

Rule #6 – Seek a Professional – There is a wealth of valuable information available on the Internet but you have to take the time to do proper and thorough research. Since you’re reading this, you’re probably part of that majority. If you’re winning, the 2% per wager automatically increases as your bankroll increases. However, there is an elite third group out there who bet sports with one and only one purpose in mind…to make money. For example, if you live in California and become an expert on the PAC 10, you can increase your chances of winning by focusing on just your niche. Rule #4 – DO NOT Play Parlays or Teasers – Parlays, teasers, and other exotic wagers are offered for a reason. Then, before making your wager(s), check each book and always take the best number on your particular event. While some do it just for recreation or to make watching a TV game more exciting, there are others who will always wager on their favorite team or player, period.

Rule #1 – Use Proper Money Management – This rule is the one that is most neglected and explains why Vegas keeps on building all of those multi-billion dollar casinos. It’s a proposition for losers only, so don’t do it. One of the best ways to win at sports wagering is to maybe find your own special niche and then follow it closely. Conversely, if you’re on a losing streak and the bankroll goes down, the size of your bets will decrease accordingly. Stick with 2% and never double up and chase lost money.

Rule #5 – Perform Due Diligence – As a bettor, you normally have the opportunity to do research well in advance of having to make that final decision on a wager. Hook them all together in a parlay and you must win all 3, or you’re sunk.

Rule #2 – Never Gamble Under the Influence – To coin a phrase, “Speak when you’re drunk and you’ll probably make the biggest speech you’ll ever live to regret.” The same sensible theory applies to betting on sports. Yes, you can bet a 3-team parlay, and if you win, it normally pays in the vicinity of 6 to 1 in football and basketball. To be done properly (and profitably), here are some very crucial rules one must follow. Watching ESPN and/or reading opinionated articles by sports writers on the Internet is not the proper way to do your homework. If it were really possible for anyone to consistently pick 3 out of 3, parlays (and teasers) wouldn’t be offered by the sports books. Always look for the best prices or the best numbers. Never wager more than you can afford to lose, so be honest with yourself on what you can comfortably set aside for recreation or otherwise. If you’re serious about winning more bets than you lose, you should listen to a professional.

People all over the world love to bet on sports. Drugs (legal or otherwise) and alcohol can cloud your judgment and will lead you into making decisions that you normally wouldn’t make. If you’re on medication, drugs, or alcohol, or if you’re just in an upset or disturbed mood, be smart and don’t play until you’re back to 100%. The payoff odds and point spreads are not carved in stone throughout the industry, and on any given day, they can vary greatly between different shops. If you bet 3 teams straight action and only win 2 of the 3, you’ve just made money. That gives you an automatic advantage over the bookie, so use it to the fullest extent. Unexplainably, wins and losses often times run in streaks, so slowly increase your bets on a hot streak and back off on cold streaks. If you’re sick, you go see a doctor.

Whether you’re a recreational player or actually doing it solely for a profit, may you always have more winners than losers, and always remember to have a lot of fun along the way, but stick to the rules. After checking several well-established and solid options, decide on 2 or 3 of them, and then divide and deposit your initial bankroll equally amongst each one. Most people just don’t have the time to properly study things like past statistics, line moves, trends, angles, valuable lines, inflated numbers, and much, much more.

Rule #3 – Spend Some Time Shopping – This can be compared to shopping for a new car or even for groceries. If you set aside $1,000 for gambling, your individual bets should be in the $20 range and no more. Stick to straight action only. Research several sports books thoroughly and compare the numbers

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