Understandably, many individuals considering wagering on sports might be reluctant to do so due to a lack of understanding about how the process works. While the odds of getting caught might be minimal, taking the time to familiarize oneself with how sport betting actually operates could prove useful in avoiding potential problems. Luckily, this process is made considerably simpler with the help of a few knowledgeable individuals who have dedicated their careers to serving as the NCAA’s protecting agent for sports betting in college sports. Given that the governing body for American collegiate sports has a vested interest in encouraging school spirit and loyalty while discouraging sportsmanship and gaming, it only follows that the NCAA seeks to ensure that its rules are scrupulously enforced.
The Role of The Agent
When placing bets on sports, it is crucial to ensure that one’s betting activities are performed legally. Due to the nature of the wagering process in regards to collegiate sports, a great deal of emphasis is placed upon ensuring that all bets are executed in accordance with the laws and regulations of whichever jurisdiction the activity takes place. In this capacity, an essential element of a sports betting operation is a qualified agent who is experienced and able to navigate the legalities of betting on sporting events involving collegiate teams and athletes.
To meet this important criterion, all agents licensed to operate in the State of New Jersey must undertake and successfully complete specialized certification training administered by the New Jersey Division of Gaming Enforcement. After passing a grueling exam, agents earn a Certificate of Registration, which must be renewed periodically.
The Certification Process
Upon successfully completing certification, candidates must agree to abide by the code of practices established by the National Association of Securities Dealers (N.A.S.D.). Successful agents must also agree to abide by the rules and regulations of the New Jersey Division of Gaming Enforcement, the state’s regulatory body that oversees and prohibits all forms of wagering, including sports betting. To ensure compliance with these duties, agents must maintain professional liability insurance, identify the names and contact information of at least two representatives, and must either be physically present at all times during the daily operation of their business or maintain a business office within New Jersey.
The NCAA As A Client
As mentioned previously, the NCAA holds a vested interest in limiting the activities of their student-athletes as well as the frequency with which they encounter enforcement actions. To this end, they retain the services of sports agents who are experienced in defending their clients in athletic proceedings and in maintaining a good reputation among the governing body for American collegiate sports.
Known For Their Litigious Nature
One of the important services that certified agents provide to their clients is the defense against enforcement actions by the NCAA or any other applicable sports authority. With more and more individuals turning to wagering upon the outcome of sporting events, it is important that these individuals are aware of how the process works and that they are equipped with the necessary knowledge to navigate it successfully. From my own experience as an agent, I can attest that clients often benefit from having an experienced agent on their side during important negotiations with the NCAA or other governing body. With more than a decade of legal experience, Mr. Jason Owen is well-equipped to assist in these matters and to ensure that his client is fairly compensated for playing by the rules.
Stay Informed
To stay abreast of all things sports betting, one must be diligent in keeping up with the most current news articles, legal advice, and technology updates. By maintaining a keen interest in all things related to sports betting, one stands a good chance of remaining ahead of the competition, even when dealing with large sums of money. With the rapidly evolving world of technological advancement, one cannot simply rely upon memorizing a few key phrases and words to conduct business; rather, one must continuously seek education and training to remain agile and keep up with the times.
To this end, I recommend subscribing to various newsletters, websites, and blogs that cover everything from the most current news articles to the emerging technologies of the future. With each issue, one will receive helpful information that can serve as a springboard for further research or to increase one’s overall knowledge-base. When writing or speaking to potential clients, be sure to mention all of the resources available to them to support their chosen career path.
Ensuring that one’s wagering activities are performed legally is critical. To this end, agents have multiple responsibilities, not the least of which is providing competent advice regarding all things betting. By actively participating in the legal and regulatory community, agents help to maintain the integrity of the game and give back to the industries that have helped their firm remain profitable.