2 Nov 2014 22:53:17 PM
By Mike Fagan
The UFC’s public support of expanding regulated sports betting in the United States should come as a surprise to no one. UFC co-owners Lorenzo Fertitta and Frank Fertitta III are heirs to the Station Casinos empire — with Frank currently serving as Station Casinos’ Chairman & CEO — and UFC President Dana White has a famous gambling habit that occasionally affects the promotion’s business relationships. UFC broadcasts feature gambling lines during fighter introductions, and the pre-fight panel show often features a Vegas bookmaker discussing lines.
The UFC revealed its stance on sports betting to ESPN on Thursday, who framed the story within the legal situation ongoing in New Jersey. On October 17th, New Jersey Governor Chris Christie signed legislation repealing the state’s ban on sports gambling. One week later, federal judge Michael Shipp issued a restraining order preventing local racetracks and casinos from taking bets on sports. The restraining order comes by request of the four major sports organizations in the U.S., who have a pending lawsuit to permanently prevent the state from allowing sports betting.
Shipp said the leagues demonstrated they would suffer “irreparable harm” if New Jersey allowed race tracks and casinos to accept wagers, adding: “More legal gambling leads to more total gambling, which in turns leads to an increased incentive to fix plaintiffs’ matches.”
This is horseshit.
The sports betting industry will thrive whether it’s legal in brick-and-mortar casinos outside of Nevada or not. Joe Sports Fan can find someone to book his action, whether it’s an offshore, online book or his kinda-shady buddy at work. And as long as there’s some financial incentive riding on a game (and this includes a league’s own incentives), there’s some risk for match fixing. Increasing the legal availability of sports betting doesn’t change that risk.
It does, however, affect the ability to police it.Read More DIGG THIS