Wager on Sports

Wager on Sports



January 20th 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
2015-04-10

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.




SPIN GAMES AND NYX GAMING IN CONTENT DEAL
2014-08-18

NYX Gaming Group through its subsidiary NYX interactive has signed a content distribution deal with Reno-based game developer Spin Apuestas Super Bowl Games LLC.

The games will be delivered to regulated online gambling markets internationally using NYX's OGS platform, giving OGS clients access to Spins portfolio of content including its popular poker, keno, bingo and slot games.

Matt Davey, CEO of NYX Gaming Group said that Spin's regulatory focus and innovative design capabilities makes them an ideal partner for NYX, whilst Kent Young of Spin Games said the deal would give his company access to blue chip operators, enabling Spin to build more market share.



PENNSYLVANIAN ONLINE GAMBLING LEGALISATION BILL INTRODUCED (Update)
2014-06-19

Comment around a proposed online gambling legalisation bill prepared by Pennsylvanian state Senator Edwin Erickson (see previous I online bingo nfoPowa reports) intensified Tuesday when the senator introduced SB 1386 to the state Senate.

The bill is supported by Senator Bob Mensch but there was some speculation on what it actually covers; the preamble suggests a focus on internet poker, but references in the draft to any online activity approved by state authorities could enable the measure to more widely embrace online gambling at some point.

The preamble reads: Developments in technology and recent legal decisions have created an opportunity to legalize interactive poker as a means to further enhance and complement the benefits delivered by casino gaming, licensed facilities and the communities in which they operate.

The bill as introduced is little changed from a draft circulated earlier this month and given wide media exposure.

It covers agreements on shared player pools with like-minded states; license fees of $5 million, along with a tax rate of 14 percent of GGR.

Licensing will be confined to currently licensed land gambling operators, who must use the same branding, a clearly commercially protective clause that is extended by the addition of extensive "bad actor" provisions designed to exclude companies that may present serious commercial competition.

The bill comes after a study of gambling in the state concluded that online poker could lead to revenues of around $129 million annually (see previous InfoPowa reports).

With a population 50 percent greater than New Jersey, hitherto the most populous state to legalise, Pennsylvania offers significant online poker business potential that should far outrun Nevada. Observers have already noted that a Pennsylvania - New Jersey partnership could create a player pool seven times that of the combined players in Delaware and Nevada.



TIPICO RENEWS TSG HOFFENHEIM PARTNERSHIP
2014-05-22

Bundesliga football club TSG 1899 Hoffenheim has extended its partnership with German betting firm Tipico.

Under the ter BMW Motorcyles Rental in Costa Rica ms of the contract, Tipico will remain Hoffenheim's official betting partner for another four-years with the option to extend for another season.



GAMING REALMS POSTS QUARTERLY
2014-02-19

First quarter revenues at Gaming Realms, a UK developer and provider of online gaming products, rose by 64 percent to GBP 1.43 mil video poker lion, 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."