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Oddsline Sportwetten: Casino Night

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John Samuels of IBAS looks at the interesting problem that occurs when punters have more up to date data than the bookmakers. The practice of attending sporting events with a view to gaining a betting advantage over the market and the majority of those relying on television pictures was presented as a new phenomenon, but was of course relatively well established.

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The news presented this tennisbased incident as a freak discovery, but relatively little research would have unearthed numerous Racing Post stories of punters renting executive boxes at racecourses for that.

The cause for those headlines was the arrest by Victorian State police and the bringing of later-dropped criminal charges. At various industry gatherings I have attended, I have raised the question of courtsiding with operators and regulators.

IBAS has recently considered a number of similar examples where customers have protested that their bets have subsequently been voided or at least price-adjusted.

They say that they would allow such bets to stand unless their rulebook included specific provisions to deal with such scenarios, supported by appropriate independent evidence.

Trafalgar Square? The Reform Club? The regulator is quite open about its efforts to keep Centrebet afloat and that it was prepared to let it continue operating under the seeming hollow assurance from its parent company that it had funds.

What The Papers Say he FA are in the process of renewing a Tdespite contract with bookmakers William Hill the considerable conflict of interest because of the blanket ban on gambling for anyone working in English football.

Yet the FA, who rule on gambling breaches, still intend to keep an official betting partner, with William Hill close to agreeing a new four-year deal for the next World Cup cycle.

The Government has frequently had to step in and mediate in the annual negotiations over the Horserace Betting levy.

On the one hand, the bookies claim the UK racing industry has never been wealthier. They produce figures showing that total income has increased by 44pc since Meanwhile, betting shops are coming under increasing pressure because of taxes.

Ladbrokes estimates that taxes now equate to close to 70pc of profits in its retail business. From December bookies will also be hit with a 15pc online betting tax while duty on gaming machines will rise next year.

The top three biggest bookies in the UK are all closing shops. Forty years on the exploits of the Operation Crock Of Gold syndicate still divide people.

But the misguided belief that the service is hypocritical were as perplexing as the assumptions made on its revenue performance, based on a refusal to market it aggressively.

The article also misses the larger point that their stance could signal a major structural change within the gaming industry.

Media brands have been looking to expand their relationship with customers for years, and have done so successfully recently with product segments such as dating and DIY.

Given that their audience has long been an important source of traffic for sports betting sites, gaming is now an obvious avenue for them to explore.

You only need to look at Sky Bet as an example of the success to be had from merging betting and sports content effectively. The Guardian is not alone in voicing disquiet about aggressive practices in the gaming industry, and even more media companies have rounded on operators moving offshore to avoid paying tax.

But their com-. S to continue and meet liabilities. The recent failure of Bodugi seems to have followed a similar process with the regulator while another semi well known but troubled brand is seemingly working closely with the Commission at the moment.

Should this be an acceptable defence for the biggest and most expensive gambling regulator the country has ever seen?

A lot of the work the Gambling Commission has been doing is laudable and a different regulator could well have come down harder on things like the recent money laundering.

However, a pragmatic approach on this is to be applauded given that the Commission and the industry are still finding their feet with each other and still around the Gambling Act itself.

The problem the Commission has got is, as ever, finding the right balance. Letting companies drift on without any means of proper funding is a dangerous game to play, even if the intention is there to get it back on its feet in order to pay its dues.

Licensing Conditions and Codes of Practice. Or even fraudulent activity for the police to investigate? When a media brand does move into the arena it gives itself a chance to implement its own values.

More efficient business models of managed services lower the barriers of entry, meaning anyone with an audience can participate. The GoWager. And the marketing campaigns we implement only promote the service to those customers who they think will be interested in sports betting.

US singer and musician Nat King Cole A strong belief in our ability Yggdrasil Gaming CEO Fredrik Elmqvist reflects on a successful first half of a year for the innovative casino game developer.

But what do these shocking figures mean for the industry as a whole and, more pertinently, the future of horse racing?

Concerns continue to mount within the industry around the costs related to horse racing and the provision of racing content.

Ladbrokes in the last few years have significantly ducked out of competing pricewise in the early markets, betting to a much larger theoretical percentage than their rivals, and presumably assuming this will not affect their.

This kind of logic does not work on the internet however, where price is everything and more savvy punters are driven not by brand loyalty but by purely seeking out value the top price.

Quality seems to be preferred over quantity, with Group 1 and Championship NH races capturing the imagination of all punters. Who knew?

For bookmakers this is a nobrainer. No huge media rights to pay, or expensive levy payments, no skilled traders to pay, just empty the machines and sling up markets into big percentages on the live football.

Go ahead firms such as Bet have led the way in this regard, recently posting huge profits and increased revenues by focussing hard on cornering the market in these high margin arenas.

Racing has become a loss leader for the firms, using it as a means of directing punters onto more profitable areas on their websites and shops.

During the big meetings, everyone was cutting their own throats to attract the bigger players with money back offers, enhanced place terms and regular price boosts making the bottom line margin minimal.

Furthermore, while the PR teams go into overdrive for the big festivals and weekend. Walk past any betting shop, the windows are full of adverts for the latest machine or the enhanced price for Wayne Rooney to score first.

Multiple bets such as Yankees are left in the corner, ignored and untouched by an unaware younger audience.

Unless racing and the bookmakers make a concerted effort to market an attractive product properly, the future looks especially bleak.

It must stand on its own two feet, charging for picture rights and attracting race-sponsorship on merit. The racecourses need to stage meetings that attract crowds and are viable in themselves.

It can be done. Look at Chester, Ascot, Goodwood etc etc. If off-course bookmakers want racing to just be shop fodder see the BAGS model in greyhound racing for details , then let them buy and run the tracks themselves and pay for it accordingly Betfred buying the former Great Leighs track will be interesting in the coming months.

All these issues are complex and finding a solution that suits all parties is clearly a difficult struggle, but what is clear is that the current model based entirely on the profits of those firms who are no longer interested in racing , is totally unsustainable and heading for the rocks.

We now have seven operators live across 15 websites, as well as an additional seven integrations currently ongoing. There is a strong sales pipeline with the opening of a sales office in Gibraltar increasing prospects in the jurisdiction, including a number of the most prominent operators.

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Major operator Unibet went live in Q3 through dotcom and also through two nationally-regulated markets in Estonia and Belgium which is a very exciting step for Yggdrasil.

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EIG runs from the October in Berlin. This year the format has been substantially revamped and it now has a specific focus on start-ups and fundraising, including a strong presence from GamCrowd.

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In its interim results, Sportech revealed that it generates 64 per cent of its revenues from US-based business interests, although the Football Pools could soon reassert itself as the new website switches onto the Nyx platform to offer greater content, flexibility and CRM to drive new customer acquisition.

Group revenue rose for the first six months of the year by 1. We are expanding our retail betting estate, developing an online betting offer on horseracing and rolling out iGaming products as regulation allows.

Like all companies with interests in the US, the reported results have been negatively impacted by the strength of Sterling.

On a constant currency basis the Group remains in line to meet its expectations, although at current exchange rates the reported result will be adversely impacted for the full year.

We enjoyed an exceptional first half of the year. However, our outlook for the whole year remains unchanged, given the absence of major sporting events in the forthcoming months.

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1 Kommentar

  1. Groran

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