Online Gambling Bill Expected to Affect Sports Handicapping Industry Slightly
The online gambling bill is also expected to affect sports handicappers. Sportscapper takes a look at the online gambling bill from a handicapping perspective.
Las Vegas, NV (PRWEB) October 7, 2006 -- The online gambling bill is also expected to affect sports handicappers. Sportscapper takes a look at the online gambling bill from a handicapping perspective.
Many sports handicapping firms are expecting an initial drop in new client signups. The effect of the Bill will be a result in a large portion of the general betting public staying away from online sports betting. This is expected to balance out as people come to the conclusion that the Bill has nothing to do with them -- and everything to do with the financial institutions. Many sports handicapping companies have canceled advertising deals that have been lucrative for the privately owned sportsbooks -- effecting companies that are considered untouchable. The sports handicapping companies are doing this out of fear. This all began a few years back when the DOJ starting sending out warning letters to those selling advertising space to sportsbooks.
The online gambling bill is expected to be signed by President Bush within the next week or so. This Republican led measure was tacked on for the wrong reasons. The affected companies are mainly ones that are publicly traded, but the bottom line is that the bill will be nearly impossible to enforce. Most of the responsibility falls on banks that want nothing to do with the impossible task.
The bill is likely to cause a minor inconvenience to gamblers. The only loss will be to law abiding Americans who assume that the gambling law is against THEM and their actions. There will probably be a minor increase in illegal local bookmaking for the next 6-12 months. The questions to be answered are whether or not the bill will stir up enough online gamblers to come together with strong lobbying efforts and whether or not the push will be for regulation of online gambling.
The effect on the handicapping industry will be that people will still purchase sports picks and sports advice even with a slight decline in online wagering. Many private sportsbooks fear regulation and prefer the “grey area” -- sports handicapping firms obviously are going to flourish if online gambling is regulated because it will heavily increase the size of the sportsbook industry.
A SportsCapper.com handicapper said, “We have always hoped for the sports betting industry to remain strong -- our business and theirs goes hand in hand. Some of the other firms have worked with sportsbooks heavily. We have never taken advertising from a book and never will -- it is simply company policy. Of course that will all change when this government figures out how to regulate it.”
With the football season in full swing www.sportscapper.com is offering sports betting picks from some of the best handicappers online. Seven Handicappers make their sports handicapping selections available each day that are documented and recorded. All 7 Handicappers have a free selection available each day. Many of them also offer daily video feeds of their football picks. This is the 7th football season for Sportscapper and the winners keep rolling in. Each handicapper offers daily analysis with their predictions, making bettors feel very secure in their selections. Sports betting is an investment and it is treated as such at Sportscapper.com.
About Sportscapper
Sportscapper.com has become the perfect choice for sports betting selections. Sportscapper.com is starting their 7th football season and has a reputation for delivering winners. They are committed to giving their players the absolute best value on their bets each and every day. Sportscapper.com makes sure that each player has the best sports handicapping advice available on the Internet.
For more information and a complete list of handicappers and their selections, please visit www.sportscapper.com.
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