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Profile of An Internet Bookie

Posted by Hemos on from the so-yous-wants-to-make-some-monies dept.

prostoalex writes "The New York Times Magazine has a story about one of Internet's most lucrative businesses - online bookmaking. Writer William Berlind travels to San Jose, Costa Rica, where the offices of such online powerhouses as BetOnSports and SkyBook are located. Quite an interesting story about numerous Americans traveling to Costa Rica with the grand business plan of online gambling, US government trying to shut down the offshore gambling operations, and how the bookies operate."

8 of 245 comments (clear)

  1. how silly is the government? by havaloc · · Score: 5, Insightful

    There's a tremendous oppurtunity for the government to regulate, tax, and profit from this by legalizing it and bringing it back on shore, and help make up budget short falls.

    1. Re:how silly is the government? by The+Brain+Murderer · · Score: 4, Insightful
      But now you are expecting rational thought from people that are elected by the populous and work for business whilst trying not to get caught out with their fingers in the pie or doing something that is 'immoral'.

      Were it not for the twisted religous aspects that creep into public life, not only would gambling be licenced and controlled, so would prositution. Imagine the health implications that regular medicals would mean to both the ladies and their clients. That is to say nothing of cutting out the people that introduce drugs as a method of control.

      The Brain Murderer

    2. Re:how silly is the government? by Awptimus+Prime · · Score: 5, Insightful

      The same thing goes with drug prohibition.

      There's ample, untapped, opportunities for our government to legalize and tax commodities that have no real harm on society, but are illegal for moral concerns.

      A 2000 year old book tells you gambling is a sin, so we've got to make sure it's illegal in 2003. It's amazing how far we've come as a society in some aspects, and how badly we've done in others.

      I say we ditch all the 'moral' laws and stick to the ones that actual cause harm to others. End entitlement programs (hand outs, section 8, etc). Separate church and state for real. Ditch de-regulation of utilities. Make punishments for government employees who let contributions change a vote extreme. Then sit back and watch America become a better place to live.

      Sorry for the bad grammar, it's the thought that counts. :)

  2. why illegal? by siskbc · · Score: 5, Insightful
    I know I tend to a somewhat libertarian bent, but why is online gambling illegal? It can't be the exploitation of citizens - these sportsbooks pay better than state lotteries (which are nearly ubiquitous now). They can't make the "There goes the neighborhood" argument either, as the worst case is some guy looks at porn AND gambles online, instead of going to a casino and getting a hooker. If anything, online casinos could put "real" (and illicit) gambling out of business.

    So what's the drawback again?

    --

    -Looking for a job as a materials chemist or multivariat

    1. Re:why illegal? by Creepy+Crawler · · Score: 4, Insightful

      :So what's the drawback again?

      The government's not getting their cut.

      --
    2. Re:why illegal? by imadork · · Score: 5, Insightful
      The constitution gives very few powers to the country, more to the states, even more to municipalities, and the most to the individual.

      I think you mis-spelled "corporation" at the end of that sentence...

  3. You're missing the point by 0123456 · · Score: 5, Insightful

    Vice-law enforcement is a multi-billion dollar a year industry (AFAIR anti-drug enforcement alone is a >$10,000,000,000 a year industry in America): if these things were legalised, that industry would vanish overnight, and put many government workers and their cronies out of jobs. That will not be allowed to happen until and unless a major crisis occurs, no matter how sensible it may be.

  4. sports betting and lotteries aren't at all similar by mblase · · Score: 5, Insightful

    I don't see the government's ban on sports betting as hypocritical at all. The problem with sports betting has always been one of authorizing the results: if anyone has a lot of money riding on a particular game, then he has a motive to rig the game or otherwise pressure the players involved to throw the game. This ruins the betting practice, the game, and everyone else's fun--not to mention making a lot more work for the government's law-enforcement agencies.

    Lotteries and gambling devices like slot machines, on the other hand, are required by law to be completely random regardless of who's playing. It's awfully hard to "rig" a lottery when the numbers are being selected by ping-pong balls being bounced by random air jets on live television.

    In other words, the government (on the average) has no problem with gambling, provided it doesn't increase the level of associated crime.