Wager on Sports
July 2nd General news ... Wager on Sports was created to assist the sports bettor in properly handicapping .
Wager on Sports was created to assist the sports bettor in properly handicapping .
In order to profit in from a complex game like baseball, the bettor must be as informed as possible on the ever changing statistics and trends.
Latest General News
BRITISH ELECTION IS BIG BUSINESS FOR BOOKIES
Bookmaking firms expect to see around GBP 100 million in bets made on the outcome of the May 7 general election in Britain, reports the Reuters news agency, noting that this is the closest-fought election in a generation and could result in a hung parliament and coalition government deals.
Individual punters are betting on their favourites, some to the tune of hundreds of thousands of pounds sterling, with leading UK bookies watching developments and adjusting odds constantly.
The current situation has the opinion polls claiming that the main Conservative and Labour political parties lead and are neck-and-neck, with lesser parties hoping to play kingmaker in a hung parliament, but bookie odds still favour the Conservatives for re-election, albeit with a very slim margin.
Interestingly, experts have expressed the view that the bookmaking odds probably offer the most accurate indicators of the outcome, especially in the late stages of campaigning.
"When the betting markets say one thing and the polls say another, the evidence suggests that it is a good idea to go with the markets," Professor Leighton Vaughan Williams, director of the Betting Research Unit at Nottingham Business School, told Reuters.
"I've interrogated huge data sets of polls and betting markets over many, many years in the U.S. and the UK and basically the betting markets are very, very accurate predictors of the outcome of elections, and certainly compared to polls."
The professor said he could think of no recent examples of betting markets getting it wrong and cited the Israeli election in March as an example, noting that the markets bet on prime minister Netanyahu winning, whilst even the last-minute polls predicted his defeat.
In the UK election arena at present, prediction markets favour the Conservatives.
Whilst GBP 100 million in wagers may seem a lot, it is dwarfed by other major gambling events such as the Grand National, which regularly attract action in excess of GBP 300 million.
Vaughan Williams thinks that up to five times as much money could be wagered before May 7 than was the case in the last UK general election back in 2010, which saw the Conservatives form a coalition with the Liberal Democrats.
GAMING REALMS POSTS QUARTERLY
First quarter revenues at Gaming Golf Betting Online Bingo Matt Damon betting odds to win Poker Madden Betting Pandemonia Realms, a UK developer and provider of online gaming products, rose by 64 percent to GBP 1.43 million, the company reports
New depositing players increased 55 percent to 29,291, (Q4 2013: 18,881), whilst daily average depositors increased 156 percent to 3,504 (Q4 2013: 1,370).
Preliminary results for the period from 2 July 2012 to the end of September 2013 show revenues of GBP 881,060 but a pre-tax loss of GBP 3.3m.
Chairman Michael Buckley commented:
"The group achieved significant progress in 2013, following the integration of its three principle businesses and subsequent Admission to AIM.
"Having made substantial investment in technology and product marketing, we are now focused on growing the customer base of our unique gaming offering.
"After the reassuring progress made in the first months as a listed business, the company has achieved excellent growth in customer numbers, with new and daily depositors up 334 percent and 155 percent respectively in the first financial quarter of 2014.
"Customer numbers have continued to accelerate as we develop and enhance our products.
"It is encouraging to see that 50 percent of our gambling revenues came from mobile, which, together with tablet, reflects online gaming trends and is a significant focus for the business."