Horse Racing...

[jlkrusty]

Here's an idea for poker sites:

When you deposit $100 with the site, you automatically have to bet $100 in an electronic horse race. You will watch a short 4-second electronic horse race (the graphics will be lame and all, but you get the idea). Your horse will lose virtually every time. But, as a consolation, you will win play money equal to your bet! Then, you can use your play money to play poker. Play money is not real money, so you are doing nothing illegal. Then, when you are ready to cash out, you use your play money to bet on another electronic horse race. This time, you win every time. What do you win? Well, your play money is converted into real money!!!

Now, to make the horse racing an actual gamble, the online site could give you a small 1% chance of winning real money when you cash in and maybe some type of gamble when you cash out. This would take the place of "reload bonuses."

There might have to be some other details worked in, but you get the idea...

[schundler]

Or, people can play poker online at one of the many sites that continues to serves customers in the United States.

either way

[jlkrusty]

[ QUOTE ]
Or, people can play poker online at one of the many sites that continues to serves customers in the United States.

either way

[/ QUOTE ]

Although this is probably not a valid loophole, poker sites should do this anyhow just to point to the lunacy of the law. Maybe media would pick up on it.

[Kamakize]

and the horse racing has to be Partmutial betting.. ie: the real live races not fake virtual crap.

[Dennisa]

[ QUOTE ]
Here's an idea for poker sites:

When you deposit $100 with the site, you automatically have to bet $100 in an electronic horse race. You will watch a short 4-second electronic horse race (the graphics will be lame and all, but you get the idea). Your horse will lose virtually every time. But, as a consolation, you will win play money equal to your bet! Then, you can use your play money to play poker. Play money is not real money, so you are doing nothing illegal. Then, when you are ready to cash out, you use your play money to bet on another electronic horse race. This time, you win every time. What do you win? Well, your play money is converted into real money!!!

Now, to make the horse racing an actual gamble, the online site could give you a small 1% chance of winning real money when you cash in and maybe some type of gamble when you cash out. This would take the place of "reload bonuses."

There might have to be some other details worked in, but you get the idea...

[/ QUOTE ]

The carveout are for specific horse racing sites in the US. (youbet.com and TVG.com). It will still be illegal and specifically against the 1961 wire act to bet horse racing on sites like Pinnacle, sportingbet and tradesports.com after the legislation goes into effect.

[Kamakize]

Its actually better this way... Just in case you hit that BIG trifecta or Superfecta many of the non-tvg/youbet sites have a cap of $50,000 or so max payout.
I've seen a $2 trifecta pay $101,000 before

[mikeh1975]

day at the track are they included in the carve out?