It’s pretty clearly explained. Any sport the NCAA has a championship in.
Iowa universities betting scandal
- Thread starter cycloneworld
- Start date
Maybe we should just let everyone (student athletes, coaches, athletic staff, etc.) bet in any way they want. The only restriction should be that they can’t bet against a team they are on. If they bet for their own team, it only provides an incentive to perform well and do their best. There’s little inside information and if there is, make it public. Let the participants take advantage of their expertise to handicap sporting events. Maybe participant’s bets should be public information,too. In this case, the participants could even bet against their team, if it was fully disclosed.
Slightly disingenuous argument there. NIL wasn’t just because other students could make money, it’s because they couldn’t while bringing their school hundreds of millions of dollars in revenue. Very different animals
@1UNI2ISU has already said it a couple times but I have absolutely zero sympathy for anyone that ends up getting in trouble for this. Ethically, I think it’s a ridiculous rule that college players can’t bet on pro/other sports they have nothing to do with.
But, speaking from firsthand experience, it’s beat into their heads from compliance every single year that this is a no no with serious consequences. Whichever athletes that chose to ignore that are selfish morons that deserve whatever is coming to them.
But, speaking from firsthand experience, it’s beat into their heads from compliance every single year that this is a no no with serious consequences. Whichever athletes that chose to ignore that are selfish morons that deserve whatever is coming to them.
The rumor around my area was once a local got a free limo ride back from Vegas, they went back after they got a check after a chunk of ground was sold to his brother.
Then,....different speed limits for in/out of state residents, different tax rates for different nationalities, different civil/criminal statutes depending upon residency.
It is an everything is legal or everything is illegal proposition.
"There’s little inside information and if there is, make it public." That is why the insider is BETTING,... INSIDER INFO!!!!
Use investment law, build an new SEC, and be prepared to get busted.
Because NIL has turned into play for pay, not a few bucks for the kids, but 100's of thousands of dollars. Is that what anyone wanted out of NIL?
Allowing them to bet on games will end up the same way, nothing but problems down the line. That downside is worth making sure that it never happens.
I heard it was western Iowa and it was a substantial bit of money, but no land changed hands.
In my area the brother ended up with the land and Vegas got the money. Vegas just wanted paid they really didn't want to become Iowa land owners. I reckon there has been more than one person who has went to Vegas and over indulged. Personally knew a guy that went to the Turtle Lake WI casino on Friday (payday) night and didn't leave till Sat morning and his whole pay check was gone.
That one kind of made me sick to my stomach.
The NCAA already has a nuanced gambling policy. It prohibits athletes from wagering only on sports for which the NCAA conducts a championship. Therefore, college athletes may wager on things like horse racing or Jai alai without commiting NCAA violations.
The NCAA simply needs to expand the allowable wagering to also include professional sports that are different from the sport(s) in which the athlete participates at the college level. For, example, a college basketball player could legally bet on NFL, MLB, and PGA events.
This would be similar to the rule which exists in professional athletics as an NBA player can wager on NFL, MLB, or PGA events.
Given that online betting is legal everywhere, is easily accessible, and is promoted 24/7, it's time for the NCAA to bring it's wagering rule in line with the real world.
The NCAA simply needs to expand the allowable wagering to also include professional sports that are different from the sport(s) in which the athlete participates at the college level. For, example, a college basketball player could legally bet on NFL, MLB, and PGA events.
This would be similar to the rule which exists in professional athletics as an NBA player can wager on NFL, MLB, or PGA events.
Given that online betting is legal everywhere, is easily accessible, and is promoted 24/7, it's time for the NCAA to bring it's wagering rule in line with the real world.
The same rule would still apply regarding the under age athlete's eligibility status, and the legal system would apply as it normally would.
One big difference is the NFL would have to monitor around 1700 players where as NCAA would have to monitor around 178,000 Division 1 athletes.
The NCAA already monitors the gambling of 178,000 Division I athletes. In reality, the NCAA relies on the universities to monitor themselves, so there would be no difference.
So what if a college football player bets on the super bowl/nba games/etc. and makes thousands of dollars?
No they have rules against it they obviously don't monitor it or there wouldn't be so many getting dinged all at once and the schools wouldn't need to self report as they are. From my understanding the only reason these are probably coming to light is because it is against Iowa law, so it can also be taken out of the University's hands.
It isn't that there's an upside, but there's tons of downside. It only takes a couple cases of members of different sports teams at a university sharing insider info to one another coming out and the schools and NCAA have a real **** storm on their hands.
I think if viewed from the eyes of schools and ADs with the reality that college sports are not really this runaway train of revenue growth. Big 10 and SEC got huge deals for TV. Big 12 got a nice deal.
But here's what also is happening:
- ACC is in zero growth for a decade
- PAC is finding that there isn't much appetite left for inventory that there once was
- Attendance and TV ratings don't suggest growth
- We are just at the start of the demographic that started the biggest decline in football participation becoming household media purchase decision-makers
- Right or wrong, schools are likely worried about how pay for play and ease of transfers turning players into one year free agents is going to impact popularity of sports
I think schools and ADs see some signs of cracks in college sports' broad popularity and future growth. I think they are rightly sensitive about anything that would be damaging at this point. Combine some of these concerns above with the fact that they are likely facing significant diversions of donations from their athletic departments to NIL, and I think they are going to be cautious about anything potentially negative.
