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Sports betting became legal one year ago, and some experts think New Jersey could someday overtake Las Vegas

06 Dec Sports betting became legal one year ago, and some experts think New Jersey could someday overtake Las Vegas

Watched a guy go to a sportsbook in Atlantic City on the first Friday of the NCAA Championship in March.

The sportsbook was dimly lit, but playful. Games were on most of the screens, and he was sexy for Wisconsin. Loved the Badgers, though they were facing an Oregon team which had won eight straight played its way into the area by winning the Pac-12 Tournament.
But before leaping on Wisconsin, which started at 4:30 p.m., he set $3,500 on Cincinnati to beat Iowa in the first block of games. Cincy had won the American Athletic Conference Tournament the previous weekend and if the Bearcats jumped out to an 18-5 lead, it seemed like a nice start to the day.
Then Iowa shot 65 percent from the field in the second half and roared back to win . Right, no issue? Still had Wisconsin starting in 90 minutes.
When our guy went back to place another $3,500 about the Badgers, he had been told his limitation was cut to $2,800, basically telling him if he wanted to reclaim the $3,500 he lost on Cincinnati, he’d need to win two games.
Casinos may impose limits at their discretion to limit their liability. It’s well over the regulations, but a restriction brand new to many bettors within this area of the nation.
The man went to the Borgata and jumped in a cab. He was able to get $3,500 on Wisconsin, which fell apart in the second half and dropped by 18.
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