Do you think giving this guy a tiny piece of the business might be considered a sham to circumvent the messenger betting laws? They should investigate whether the so-called partnership was really a partnership at all, like what "partner" rights did it convey? or was it just a pretense to get around the law. The Gaming Commission might still have a case. [Even though this is not addressing your OP.]Richard Munchkin said:
Likely, but legal.aslan said:
I brought that up because sometimes IRS will rule that something amounts to a sham to avoid income taxation. If they prevail, that means more taxes, interest charges, penalties, and sometimes even jail. I know the Commission is not IRS, but they do have certain governmental or quasi-governmental powers, the extent of which I do not know.zengrifter said:
Interstate gambling. I believe it's still a federal offense to place an illegal bet across state lines. Someone in Nevada wouldn't need to go to an illegal book.shadroch said:
What would be the downside of doing this a couple days before the event, especially long-term bets like heavyweight prizefights and Superbowls? Travel expense? I had a bookie who was just the opposite. He would not take my bets until the day of the game. He was so paranoid from savvy bettors geting over on him by betting based on insider information. He once put me off until an hour before game time. Needless to say, I stopped using that bookie. I don't know how he stayed in business, unless it was just certain bettors he would treat this way. Some bookies will not take your bets unless you are a bonefide loser.shadroch said:
Game day is the sharpest line. The bookmaker has to know how to set a sharp line or move it when vegas moves it. You don't want to book bets on the dog at +150 all week and then show up in vegas to hedge your lopsided action only to find the line is +120.aslan said: