Sporting News -The Sochi Winter Olympics begin this week, and while betting on the events will take place at sports books all over the world, you won't find a single wagering option available on the Games here in Nevada. That's because of a small stipulation in Nevada Gaming regulation 22.120-1(a) that states no wagers may be accepted or paid by any book on 'any amateur non-collegiate sport or athletic event'.That specifically means no betting on the Olympics, a prohibition that resulted from a trade off in early 2001, as Sen. John McCain (R-Ariz) attempted to take college sports off the boards in Nevada, which would have been a major blow to every casino's business.McCain's campaign gained steam because of Nevada's double standard of not offering odds on the state's own two colleges, UNLV and Nevada. Why should they offer odds on all the other colleges, considered amateur, when they don't even take bets on their own teams, McCain must have wondered.As silly as the whole thing sounds now, he did have a point. So the Nevada Gaming Commission went to work immediately and changed its regulations to allow betting on Nevada colleges. It also made a few other amendments to the regulation, requiring books to report suspicious activities, such as a bet 'being placed by, or on behalf of a coach or participant in that collegiate event'.We're talking about it now, 13 years later, because the Olympics aren't on any Las Vegas boards. There's no telling how much would actually be wagered on the events throughout the state, but in addition to not being able to take action on the Games, there is also lost revenue with the NHL on a 15-day hiatus.<a href="http://www.thisweekingambling.com/why-betting-on-the-olympics-is-not-allowed-in-las-vegas/?utm_source=dlvr.it&utm_medium=facebook" >Full Story</a>
