Sports betting became legal one year ago, and some experts think New Jersey could someday overtake Las Vegas
Watched a Man go to a sportsbook in Atlantic City on the first Friday of the NCAA Tournament in March.
The sportsbook was dimly lit, but playful. Games were on most of the displays, and he was hot for Wisconsin. Loved the Badgers, though they were confronting an Oregon team which had won eight straight played its way into the field by winning the Pac-12 Tournament.
But before jumping on Wisconsin, which began at 4:30 p.m., he put $3,500 on Cincinnati to beat Iowa in the first block of matches. Cincy had won the American Athletic Conference Tournament the prior weekend and if the Bearcats jumped out to an 18-5 lead, it looked like a nice beginning to the afternoon.
Then Iowa shot 65 percent from the field in the second half and roared back to win . No issue, right? Still had Wisconsin beginning in 90 minutes.
When our man went back to place an additional $3,500 on the Badgers, he was told his limit had been cut to $2,800, essentially telling him that if he wished to reclaim the $3,500 he dropped on Cincinnati, he would need to win two matches.
Casinos may impose limits at their discretion to restrict their liability. It is well over the regulations, but a restriction new to many bettors within this area of the country.
The guy jumped in a cab and went to the Borgata. He was able to get $3,500 on Wisconsin, which fell apart in the second half and lost by 18.
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