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Other Bets Props and Futures Some other fun bets that can be made on basketball include prop bets and futures. How To Bet News. Handicapping Your Basketball Bets When oddsmakers set the lines, they take many factors into consideration. If you have even one loss, you lose the entire bet. On the other hand the Magic must either win outright or lose by 3 or fewer points for a Magic spread bet to payout.

Nj sports betting referendum definition free sports picks and parlays

Nj sports betting referendum definition

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We certainly have no moral qualms about sports betting, considering how widespread it already is, legally and illegally. Interestingly, this time around, the professional sports leagues don't seem to be lobbying against the measure.

New Jersey, like every other state, is virtually powerless to stop the illegal transactions. Why not, then, legally establish sports wagering in a way that benefits the state with a new source of tax revenue? We believe the right response is yes. Face it: The state needs the money and casinos need this lifeline In the end, passage would be moot unless a federal law limiting sports betting to four states is lifted.

But voters should vote yes. Nonetheless, there are less-convoluted ways to fight the ban, including working with our congressional delegation to repeal it. It already relies too heavily on gambling in a market saturated with wagering opportunities. Sports betting proponents want to help the state's struggling casinos and horse racing tracks, where bets would be taken, and provide a new source of tax revenue from a huge pool of money flowing untaxed to illegal bookmakers often allied with organized crime, or to unlicensed offshore Internet sites.

A former race track site in Cherry Hill also would be eligible; lawmakers feared losing the affluent suburban market to nearby Philadelphia if Pennsylvania ever were to approve sports betting. The benefits would come not so much by flooding the casinos and tracks with new revenue from sports bets, but by bringing new bodies to the facilities who would then presumably gamble and spend money on other things as well.

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A New Jersey bet on sports wagers pays off at Supreme Court

Nov 03,  · New Jersey voters have approved an amendment to the state constitution allowing more nonprofits to benefit from hosting bingo and other games of chance, but they rejected a Missing: definition. Oct 29,  · In fact, New Jersey is the only state with legal sports wagering that doesn’t allow bets on in-state college sports. If this referendum passes, that would change. It would allow Missing: definition. Voters decided a constitutional amendment to expand sports betting to college games held or the state or involving state-based teams. As of July , 30 states and D.C. allowed sports Missing: definition.