Due to New Jersey’s challenge, the Supreme Court has made sports betting open in the US now. Before, it was possible to bet on sports only in Nevada. Here are the reasons why the sports betting was banned in the US.
It mostly depends on luck
Those who voted for legalization argued that sports betting is not purely luck. You need to identify opportunities and then make a decision about betting. But those who voted against legalization of sports betting say that the human element is always there. So, things can be unpredictable.
Also, many people don’t understand statistics well, so they bet depending on their hunch. The house wins most of the time and people lose money.
Illegal betting will still remain
Legalizing sports betting doesn’t mean that there won’t be any illegal betting. The bookies offer a generous line of credit. You don’t need to deposit any money to bet. So, someone can easily bet with the money they actually don’t have. So, the wagers get into debt situations. The bookies will not pay taxes, so the customers will get better margins as well.
The nature of sports might change
There may be match fixing issues if sports betting is legalized. The sports industry will become more commercialized. The focus will shift from the actual game to betting. The charm of the sports will be lost.
However, as sports betting is a billion dollar business and many people are doing it, the Supreme Court has finally allowed states in the US to bet on sports legally.