NFL losing fans

The NBA is looking to accept gambling
The NBA is looking for a 1% cut
I think that's fair.
This could generate many millions for the NBA
You know the NFL is looking at this a well.
The windfall from 1% of all NFL Vegas bets is humongous.
It would make losing fans just chump change.

Quote: terapined

The NBA is looking to accept gambling
The NBA is looking for a 1% cut
I think that's fair.
This could generate many millions for the NBA
You know the NFL is looking at this a well.
The windfall from 1% of all NFL Vegas bets is humongous.
It would make losing fans just chump change.

Simple answer from the sports books.

"Here is my offer. Nothing."

Quote: AZDuffman

Simple answer from the sports books.

"Here is my offer. Nothing."

I think they will get the 1%
There is precedent
Horse tracks get a cut of the Vegas action on their tracks
1% would be a bargain

Quote: terapined

The NBA is looking to accept gambling
The NBA is looking for a 1% cut
I think that's fair.
This could generate many millions for the NBA
You know the NFL is looking at this a well.
The windfall from 1% of all NFL Vegas bets is humongous.
It would make losing fans just chump change.

Is the 1% of gross bets or 1% of net profit. Huge difference, I think it should be 1% of profit or it is way too much.

Quote: kenarman

Is the 1% of gross bets or 1% of net profit. Huge difference, I think it should be 1% of profit or it is way too much.

The tracks get their cut based on the handle or amount bet, not profit
Its pari-mutual betting. Track gets a cut of the handle, the rest divided among the betting winners

Quote: terapined

The tracks get their cut based on the handle or amount bet, not profit
Its pari-mutual betting. Track gets a cut of the handle, the rest divided among the betting winners

Yes usually about 20% hold. Everything has to be paid out of the hold though, overhead, purses, taxes etc. This means that in reality that very few punters are able to overcome the hold and consistently make money. If the teams want the sport books hold to increase to pay the teams it could create a huge backlash among the betters and cause more damage to the fan base than any extra revenue it creates.

Quote: kenarman

Is the 1% of gross bets or 1% of net profit. Huge difference, I think it should be 1% of profit or it is way too much.

The league should get nothing. They are a 3rd party to it all. Same as if I write or buy a call/put option. In that case, the company has no involvement. Same with a bet. Not only get nothing, they should have no say.

Quote: kenarman

Yes usually about 20% hold. Everything has to be paid out of the hold though, overhead, purses, taxes etc. This means that in reality that very few punters are able to overcome the hold and consistently make money. If the teams want the sport books hold to increase to pay the teams it could create a huge backlash among the betters and cause more damage to the fan base than any extra revenue it creates.

The big difference
Horse racing has overhead not covered by admission and tv rights
Basketball and Football have overhead but its covered by admission and tv rights and they still make a profit
I see nation wide legal sports gambling regulated by the govt
I see the sports leagues getting their 1% cut from gambling

Interesting analysis from The Atlantic:
https://www.theatlantic.com/business/archive/2018/02/super-bowl-nfl-ratings-decline/551861/

Quote:

Many of the most popular and marketable players in the NFL in 2017 are either injured (like Aaron Rodgers, Andrew Luck, and J.J. Watt), playing for mediocre or noncompetitive teams (like Russell Wilson, Von Miller, and Eli Manning), or both (like Odell Beckham Jr.).

Quote:

Just four of the 13 most popular teams made the playoffs. But of the 10 least popular teams in the league, half of them made the postseason and played in the first round of the playoffs.

For the second year in a row, i find myself wishing both SB teams could lose.