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Olympics Betting is Once Again Legal in Las Vegas

Tags: Las Vegas, Olympic Games.
Posted on Friday, August 05, 2016 by "T".

http://www.freeimages.com/photo/las-vegas-strip-1446691The Olympics is the pinnacle of international sports competition. In this year's summer Olympics in Rio, sports books in Las Vegas are once again allowed to take action on many of the sporting events. According to a New York Report, Las Vegas will now be accepting bets on the Rio Olympic Games.

Las Vegas betting on Olympic Games was banned in 2001 due to a bill authored by Senator John McCain. Hill bill on Amateur Sports Integrity Act has put a ban on all sports betting on amateur sports as a means of protecting college athletes against the harmful effects of gambling.

In 2015, the Nevada Gaming Commission lifted the ban for the purpose of gaining monopoly on all types of sports betting. This will give Las Vegas casinos a financial boost, especially since there is not much going on in the world of sports at this time of the year.

Betting on Olympic Games will definitely be more fun, especially when you consider the unpredictability of many of the events. Even though the number of elite athletes will be reduced mainly due to the scare of Zika virus, many of the events that will be held will still be worth watching and possibly betted on.

The Olympics will never be exempted from gambling, as betters and bookmakers will always find gray areas in gambling. Being able to do gambling legally will greatly help in ensuring that nobody breaks any laws just to bet for their favorite team in the Olympics.

Banning of betting in the Olympics has truly been a weird decision in the first place. Since there is a wide-range of sports being competed in the sporting event, it goes without saying that it is the perfect venue for gambling. To be able to do gambling legally helps ensure that things get regulated.

Source: http://thecomeback.com/olympics/gambling-las-vegas-olympics-legal.html


 


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6 comments for "Olympics Betting is Once Again Legal in Las Vegas"

 doubletop7778/14/2016 9:14:05 AM GMT
I havent had much luck so far on my Olympic betting and am wondering if any one of you guys have had any nice wins? It would be nice to read about some winning bets on here
 Tony_MON7ANA8/14/2016 10:33:03 AM GMT
Gambling on the Olympics would be a lot of fun considering the unpredictable nature of events. I think Olympics betting will give Las Vegas casinos a bit of a financial boost, just because there’s nothing much going on in the sports world at this time of year.
 pochui8/14/2016 1:37:51 PM GMT
great to hear that at last olympics betting is once again legal in las vegas, i mean vegas wouldn't be vegas without olympics betting ibeing legal in las vegas, so now once olympics betting is once again legal in las vegas, vegas can be easily called vegas and not some random sh1thole.
 Mober8/14/2016 10:57:26 PM GMT
It was a silly decision in the first place.
Why banning only olympic games and not all the rest?
Politicians once more and their foolishness.
They will see a rise in betting of course in this summer, in comparison to the rest with only
the normal games running every year.
 bowie19848/14/2016 11:28:25 PM GMT
To be honest I liked McCain when he was running against Bush pre-2000 in the republican primaries, but seeing what he become after that and witnessing his failed bid in 2008... Well, his grumpy old-man shtick become irritating as hell.
Taking the Olympics as an event for Amateur Sports is either really dumb or incredibly naive. 80% of the participating sportsmen and women who are winning medals doing this in full time. In every country.
 DaCapo718/15/2016 3:00:23 PM GMT
Ok this was a good news for Sport betting fans in Las Vegas, but for the most eoropean Gamblers it was not so spectacular Blink But perhaps they accept it only for the Olympic games and it was only a test.

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