I see. I remember people telling touts that they were gonna call the feds on them when they called so I kinda figured it was illegal. I guess if you classify the service as information for entertainment purposes you can bilk people out of money. Kinda sad but I guess there are worse scams out there.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by SHAWN GOTTI:
ACTUALLY, YOU ARE PAYING FOR _SPORTS INFORMATION_. SORTA LIKE BUYING A NEWSPAPER
<HR></BLOCKQUOTE>
Yeah, I guess that's it. The wording makes it so clear that the information is for gambling purposes though. Suckers beware I suppose.
ACTUALLY, YOU ARE PAYING FOR _SPORTS INFORMATION_. SORTA LIKE BUYING A NEWSPAPER
Yeah, I guess that's it. The wording makes it so clear that the information is for gambling purposes though. Suckers beware I suppose.
Actually 5-10% of the handicappers out there are good and reputable. Some of these handicappers spend hours studying the matchups and have a keen eye for picking a lot more winners than losers. Look out for the guys who have made up names like Harvey Gold or have infomertials on T.V. like wayne Root. Good luck!
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by daringly:
Touting is illegal, if done in the US.
The Interstate Wire Act makes it a felony to transmit "gambling information" via telephones or internet. I suppose touts have the defense that their picks are useless, and are therefore not information.<HR></BLOCKQUOTE>
If it is illegal how does Jim Fiest and so forth (touts) stay in business? My understanding is if your selling picks and your not claiming you have inside (FALSE) info and not receiving kickbacks for referrals to sportsbooks you are fine. Correct?
Touting is illegal, if done in the US.
The Interstate Wire Act makes it a felony to transmit "gambling information" via telephones or internet. I suppose touts have the defense that their picks are useless, and are therefore not information.<HR></BLOCKQUOTE>
If it is illegal how does Jim Fiest and so forth (touts) stay in business? My understanding is if your selling picks and your not claiming you have inside (FALSE) info and not receiving kickbacks for referrals to sportsbooks you are fine. Correct?
My 2 cents:
The big Tout services give out winners/losers etc. and refer to lines offered by legal gaming operations. They dont set the lines. The ones that say "go for the over at 17" if you see it a book, are contributing to the gaming transaction if they received funds for the pick. Some have been arrested, but mainly for working for a book on setting lines with tout customers on the side.
The services on the net, most of them are wanna "B" bookies that lose allot of their money gambling. Some of them that take offshore books for advertisers and make money on banner clicks and sing up etc. are operating on thin ice over proceeds of crime.
Canuck
The big Tout services give out winners/losers etc. and refer to lines offered by legal gaming operations. They dont set the lines. The ones that say "go for the over at 17" if you see it a book, are contributing to the gaming transaction if they received funds for the pick. Some have been arrested, but mainly for working for a book on setting lines with tout customers on the side.
The services on the net, most of them are wanna "B" bookies that lose allot of their money gambling. Some of them that take offshore books for advertisers and make money on banner clicks and sing up etc. are operating on thin ice over proceeds of crime.
Canuck
I think the law is in USA and Finland same in this case:
Giving out picks isn't illegal, but recommending sportsbooks via tout service is illegal.
You can release your percentages or opinions, and get paid for it. But you can't recommend your customers to send money to some foreing sportsbook.
Giving out picks isn't illegal, but recommending sportsbooks via tout service is illegal.
You can release your percentages or opinions, and get paid for it. But you can't recommend your customers to send money to some foreing sportsbook.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>They use the old "for recreational use only" disclaimer<HR></BLOCKQUOTE>.
No they don't.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by daringly:
Touting is illegal, if done in the US.<HR></BLOCKQUOTE>
Daringly,
I think I remember you claiming to be an attorney. I would like to wager that you and Wil wrong.
No they don't.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by daringly:
Touting is illegal, if done in the US.<HR></BLOCKQUOTE>
Daringly,
I think I remember you claiming to be an attorney. I would like to wager that you and Wil wrong.
