Galileo, which required a minimum of roughly $135,000 to be come an investor, used a number crunching system that the founders argued allowed the fund to bet on sports with much more accuracy than the casual gambler, according to the Los Angeles Times.
Financial crisis or not, another study, this one by Princeton researchers, found hedge funds to be “far riskier and provide much lower returns than is commonly supposed.” In other words, lots of the bad stuff without so much of the good.
“When you think about betting on sports, there really is far better information about your local sports team than there is about any local business in your market.
Despite Woodhams’ confidence, it appears that there may have been some red flags indicating Galileo was headed down a bad path, according to Wager Minds.
“We have unique software we’ve written over five years that ensures we purely trade on statistics and probabilities,” Woodhams told CNBC in 2010. At this point, the reason for the fund’s collapse is reportedly still unknown.
Though Galileo wasn’t a traditional hedge fund, its collapse may highlight some of the risks inherent in others, which aim for high-risk, high-reward investments, sometimes with large-scale consequences. John Paulson’s hedge fund, for one, has been tied to claims that Goldman Sachs purposefully created financial instruments they assumed likely to go bust — and then bet against them.
Mark Cuban is an undeniable idea machine.
“It’s not unusual to hear people refer to trading stocks as no different than going to Vegas. The localTV station gives a report about every game. “The process is very clinical, which is our edge.”. In his blog post, Cuban argued that because the sports betting market is less efficient than other markets, anyone who applied a “smart money” strategy to investing in it would have a good chance at success. The local papers cover the team every day. Gambling isgambling [sic],” Cuban wrote in his blog at the time. It didn’t last very long, however, as the fund appears to have collapsed on Monday, according to Wager Minds.
Cuban’s original idea for a fund similar to Galileo revolved around the idea thats sports provided more information to investors than actual American companies. The fund was regulated by Gibraltar’s government, instead of the British government. But one of his boldest ideas yet may have proven too hot to handle. They are right. A recent paper from two Yale professors found that hedge funds may have played a larger role in the financial crisis than many originally thought. “That’s far better than we get from public companies.”
That’s a notion with which Tony Woodhams, Centaur’s managing director, previously said he agreed. There areradio stations who cover them for hours at a time [sic],” Cuban added. “The question really is, which gives the opportunity for a better outcome?”
Centaur, a London-based investment company, launched its Galileo fund in 2010 based in part because of an idea Cuban proposed in a 2004 blog post — creating a hedge fund that invested in sports bets
Shop For Numbers – “Another important aspect of betting on football is shopping for the best number,” Moseman explains. The payout is just the same as far as he is concerned. Otherwise, you’re better off doing your own research.”
3. Slim underdogs regularly win outright. The only locks that exist are those that need keys to open them.”
1. Chasing losses is the fastest way to the poor house.”
“The talking heads on TV know nothing about sports betting,” says Sevransky.
“A square or recreational player might have a vague plan, but after two Corona’s he will definitely run to the window and make a hasty decision on the USC-Notre Dame game because he wants to be involved in the party atmosphere,” Vaccaro says. So underdogs tend to be slightly undervalued – except by the sharps.”
2. Avoid Chasing Bets – “Don’t do it! There is no worse way to mismanage your bankroll than to chase your bets after a losing day,” cautions Moseman on the dangerous practice of trying to immediately win back your losses. Also, being “in action” can make a dull late-afternoon game (Buffalo vs. “In the NFL, a game will often be totally turned around by one or two plays, or even a single penalty. If you want advice about sports betting, find someone who has a successful track record. “Thus, the bookies love and cherish the squares.”
But even though the math says it’s virtually impossible to win on a consistent basis, Americans continue to bet on football. But, when you’re struggling, that’s when you want to reduce your bet size until you get out of your slump. “Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn’t otherwise make. Bet at the Right Time – “The sharp bettors tend to bet underdogs, and they tend to bet them early,” Moseman says. He loses year after year, according to Dan Gordon, a top football handicapper and author of How to Beat the Sports Books (Cardoza Publishing 2005). The NFL, for example, will have very similar numbers at most of the betting shops you visit.
“A sharp or smart has a plan of what he wants to do,” says Vaccaro, the director of sports operations and public relations at Lucky’s Race and Sports Book in Las Vegas. Focus on Conferences – “The best way to win money betting football is to develop a niche and follow it closely,” Moseman advises. “The key to proper money management is to be sure not to bet more than you can afford to lose.”
“Most people with an understanding of football gambling bet between 3 percent and 5 percent of their bankroll, increasing when they win and reducing when they lose,” Vaccaro says. Avoid Exotic Bets – “For very skilled handicappers, with a proven track record, there can, at least in theory, be value in betting parlays,” says Gordon on the type of bet that combines two or more individual wagers. There is a wealth of information on the Internet; it is just up to you to find it and research it daily.”
Ted Sevransky, a well-known Las Vegas gambler and sports consultant with Sportsmemo.com, agrees.
“The biggest mistake that amateur bettors make is they increase their bets when they are losing,” Sevransky says. “If you become an expert on a smaller conference like the WAC, you have a good chance to beat the house because sports book operators do not have the time or resources to follow this conference the way you can. “In trying to bamboozle potential customers, many services make claims about having scouts all over the country that give them inside information and promise 70 or even 80 percent winners, as if the bookmakers were the biggest suckers in the world. “Most people prefer to bet on the ‘better’ team, the one that will probably win the game. Big underdogs often find ways to cover the spread and they rarely give up toward the end of a game in front of the home crowd.”
“A square is the average, unsophisticated gambler whose decision making is based on hunches, media manipulation, or spurious systems that cannot overcome the bookmaker’s inherent mathematical advantage,” Konik explains. He is not taken in by being involved in USC-Notre Dame just because it is the biggest watched game of the day. On college you will be able to find different lines at different sports books. Not all games work according to this formula, but it is usually a good rule of thumb.”
“The bookies fear and despise a tiny coterie of professional bettors known as ‘the sharps,'” Konik says. Thanks to the juice, the only one who profits in this scenario is the bookmaker. Locks Don’t Exist – “Anyone who has watched sports for about a month realizes that the difference between winning and losing, especially against the spread, can be infinitesimally small,” Gordon says. “He is not jaded by teams and does not bet with his heart.
Betting on football games; whether it’s through a local bookie, an offshore Internet site or a Nevada casino (still the only legal place in America to make football bets), most of us have done it or know of someone who has.
So, is it possible for the average square to become a little sharper in making football bets this season? According to professionals like Vacarro, Konik and Gordon, amateur bettors have the best chance to win if they demonstrate a little patience and follow the 10 basic tips below. To be a successful sports bettor you need to operate with a clear mind.”
5. “When you’re in a good rhythm and winning, you want to increase your bets. There are almost an infinite number of scenarios that can happen in a single football game.
8. Money Management – “This is without a doubt the most important aspect of betting on sports and possibly the most neglected,” says Morey “Doc” Moseman, a professional gambler and sports consultant with DocSports.com for nearly 40 years. These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.”
And where does all that money go?
Newspapers and popular sports sites routinely publish the lines or point spreads for games, and football insiders offer their picks to viewers each week on ESPN and other cable networks. “For example, if you have a $1,000 bankroll for the season, you should generally bet no more than $50 a game.”
And remember, in the immortal words of “Fast” Eddie Felson, “Money won is twice as sweet as money earned.”
Michael Konik, a sports writer and best-selling author of The Smart Money (Simon & Schuster 2006), explains why it is so hard for the recreational gambler to win at betting on football. If you like an underdog, it is best to get your bet in as late as possible, where there is heavy action from squares on favorites. “There will be more discrepancy in the numbers at different sports books. “Over the course of several seasons, the percentage of bettors who turn a profit is minuscule.”
Although exact figures are impossible to calculate, according to Jimmy Vaccaro, widely considered to be Las Vegas’ most influential bookmaker, Americans probably wager more than $50 billion a year on NFL and college football combined.
But that doesn’t mean you have to bet like a “square” and throw away your hard-earned money.
However, Konik adds that there are some bettors who actually know how to beat the bookies. “If you listen to their advice, you are sure to lose. “As for me, the best bet in football is betting the point spread or over/under totals on individual games. “Teams play inspired ball at home.
Even Hollywood is not immune – think Two for the Money with Al Pacino and Matthew McConaughey.
“There is probably no better bet in sports than playing an underdog at home,” Moseman says.
“In an average season, fewer than one bettor in twelve turns a profit,” Gordon says. If North Texas is his best bet on a Saturday then that is his bet. Oakland comes to mind) seem like the Super Bowl.
While these tips don’t guarantee you’re going to win, hopefully they can make you a little less square and a little more sharp in your picks this season.
Another difference between squares and sharps is how they approach betting on game day.. “The sharps are usually members of a betting syndicate privy to the most up-to-date information on injuries, weather, game plans, and, most important, the real power of the teams involved. Giving 11 to 10 odds is almost always the cheapest price you can give.”
Also, it’s probably a good idea to disregard advice from the myriad of ex-players and football experts you see on television each week. The only touts bettors should consider are the ones who talk about the long haul and realistic winning percentages, which are in the upper 50 percent to lower 60 percent range.”
“The standard bet requires gamblers to lay $11 for every $10 they want to win with the extra $1 or 10 percent known as the juice,” Konik says.
7. Consider Underdogs – “In the long-run, it’s easier to win betting on the underdog,” Konik says. And why not? We have unconditional love for the sport and betting $50 or $100 on a game adds an extra rush of adrenaline. “Common wisdom says that over the course of a long football season the average man or woman will pick approximately 50 percent winners. They use powerful computers that can process millions of bits of data and produce a more accurate point-spread line than the bookmakers.”
So, how much should you bet a game?
Moseman agrees and especially likes home underdogs. “Squares usually bet later in the week and they tend to pick the favorites. Research Football Services – “Most sports services realize that most people who sign up with them are insecure,” Gordon warns. Drinking and Gambling Don’t Mix – “There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling,” Moseman says. In fact, sports bettors must pick 52.4 percent winners just to break even.”
So, how much are we gambling each football season?
Certainly not back into the pockets of the average bettor. If you are going to go with a favorite, it is best to place your bet early in the week when the sharps are laying heavy money on the points
That’s down from more than $15 million last year.. (AP) — It was a rough Memorial Day weekend for Monmouth Park.
“There’s a horse shortage; all tracks are suffering the same things we are right now,” Drazin said. But the state’s efforts have been stymied by a 1992 federal law that restricted sports betting to Nevada, the only state to allow betting on individual games, and three others that had approved limited multigame parlay pools.
Attendance and betting have fallen at New Jersey’s racetracks in recent years, and many officials and some lawmakers have strongly supported calls to add casinos and other expanded gambling opportunities.
The Asbury Park Press reports (http://on.app.com/280cqLk) that attendance and wagering were down big at the Oceanport racetrack over the three-day holiday weekend compared to last year.
Monmouth Park adviser Dennis Drazin says the decision not to allow a casino there and a shortage of horses in the Mid-Atlantic region is hurting the track, which is hosting a 57-day meet this year with live racing held on weekends and holidays. The tracks in the Mid-Atlantic region need to figure out a way to share the horse colony.”
With Monmouth Park getting around 20 cents on every dollar wagered on-site, that means the track saw about $149,000 less in revenue this year.
Monmouth Park also has been very involved in efforts to bring legal sports betting to New Jersey. “The future is a circuit where we’re not all running against each other and all the tracks are better off. Last year, attendance was more than 60,000.
OCEANPORT, N.J. The track held a similar 58-day meet last year.
There was $7,752,605 bet on races at Monmouth Park from bettors across the country this year.
Sports betting also has been strongly opposed by the four major professional sports leagues and the NCAA, who feel it would damage the integrity of the games and lead to a higher incidence of game-fixing.
Bettors wagered $2,264,176 at the track last year. But on-track handle fell to $1,519,687 this season, a decrease of 32.8 percent.
Monmouth Park held live racing from Saturday through Monday and again hosted the Jersey Shore Food Truck Festival this year, but attendance was down to approximately 42,000
The addiction robs a gambler of all the productive time and leads to loss of efficiency at work. Some go that way to forget the sorrow of losing big sums when gambling.
? Over time, the practice of gambling starts becoming a habit and begins to have damaging effects at psychological, physical, and social levels. The two go hand in hand. They engage in gambling activities at the cost of their time with family and friends. Thus, gambling can have a grave economic impact which is difficult to reverse.
Compulsive gambling leads to bankruptcy
? Gambling is practiced as a means of recreation. The addiction leads people to continue with gambling irrespective of whether they earn or lose in the deal. It causes a decline in his/her work performance, thus hampering his career.
? According to a study by the George State University, 50% of the problem gamblers commit crime. It can drag you into crime, gambling isn’t fun.
Games offered in casinos, table games like poker, Red Dog, and Blackjack, as also electronic games like Slot Machine and Video Poker are some of the common types of gambling. It soon becomes a habit that can’t be broken.. This proves to be detrimental to their social and family life. A study by the same university suggested that 73% of the individuals who are imprisoned are found to be problem gamblers.
? Gamblers often exhibit mood swings and a strangely secretive behavior. Some take to substance abuse to supplement the high they get from winning huge sums while gambling. ? They start borrowing money and take secret loans. Betting is a mentally taxing activity, and as one goes on risking more and more money, anxiety starts building.
? As gambling leads to increased criminal activities, in a way, gamblers add to the burden on prisons and the legal system.
You could be at gunpoint or holding the gun. The stress of risking huge amounts of money or the frustration after losing it can increase the tendency of abuse in gamblers. According to the National Research Council, 10 to 17% of the children of problem gamblers have been abused and so have 25 to 50% of the partners of problems gamblers.
Initially, one looks at gambling as a way to run away from life’s problems, or from stress, anger, and loneliness. To add to the so-called merry atmosphere, gamblers often smoke or drink while playing.
? Additionally, rehabilitation and public assistance systems are taxed.
? According to the University of New York, in people with alcohol use disorders, the chances of developing an addiction to gambling are 23 times higher.
? People who fall prey to gambling tend to remain away from their families and waste money on other bad practices. Sports betting and arbitrage betting are the other types. Thus, gambling practices cause a huge financial burden on the families of the affected and on the society at large.
? According to a research by NCPG, 76 percent of problem gamblers are likely to have a major depressive disorder.
? An Austrian study said that around 1 in 5 suicidal patients had a gambling problem.
? Gambling has proven to be addictive. They tend to stay away from their near ones, resulting in distrust between them and their loved ones.
? Gambling at the cost of one’s job results in a decline in the quality of his professional life. The addiction has negative effects on one’s physical and mental health and it proves to be detrimental to one’s social, personal, and professional life. The skill of a gambler lies in weighing the three parameters and making a decision about what amount should be staked and how much should be expected in return.
Gambling = Thoughtless Expenditure + Waste of Time
? Research has shown that gambling can lead to harmful behavior in people. The addiction gets on to the gamblers to such an extent that they fail to think wisely before acting. Due to lost mental peace, they may ill-treat their spouse and children. The effect is similar to that of having a drug or a drink, which is why gambling changes one’s mental state and mood.
? Apart from absence at work and drop in efficiency, a common observation is that gamblers tend to steal money and engage in fraudulent behavior to recover from financial losses incurred when gambling, or to get more money to bet.
? Gambling can lead to criminal activities. Rehabilitating the gambling addicts needs money and time, and the process is not very easy. On giving a serious consideration to the negative effects of gambling, we realize that it is best avoided.
? Substances of abuse are served at casinos and in pubs and clubs, thus increasing the likelihood of gamblers consuming them. Six to eight million people in America are estimated to have a gambling problem.
? Studies show that children with a sibling or parent addicted to gambling, are more likely to take to substance abuse.
? Children of parents who are problem gamblers or gambling addicts tend to feel abandoned and angry, further increasing stress and leading to strained family relations.
? The addiction to gambling can leave one in bankruptcy. A recreational activity is supposed to be refreshing and relaxing, but something like gambling is contrary to the very purpose of recreation. Their mental state can even lead to suicidal tendencies.
? The costs of treating compulsive gamblers are huge. When they lose the money they had risked, they further gamble to recover the lost amount and it becomes a vicious circle even they can’t escape from.
? A majority of those addicted to gambling have substance abuse disorders.
Gambling refers to the betting of money on an event with an uncertain outcome, with the intent of winning additional wealth. In spite of the losses incurred, they continue betting. The decision to gamble money is based on three parameters namely; how much to bet, the predictability of the event, and the conditions agreed upon, between the gamblers. Because of this, they land in worse situations and take the wrong decisions in life.
? Similar to how an individual keeps consuming substances like drugs or alcohol to experience an altered mental state, he continues to gamble. Their debt keeps building and it may reach an amount that exceeds their capacity to repay.
? Addiction to gambling has been linked with substance abuse. The National Council of Problem Gambling (NCPG) describes this type of gambling behavior as problem gambling.
? People continue gambling with the greed of winning money. Addiction to gambling, coupled with substance abuse can make the gamblers physically abusive towards their family. In the following sections of this Buzzle article, we discuss the negative effects of gambling on the individual and society.
? Problem gamblers and addicts tend to abuse their family members. Forget satisfaction or peace, it is not even refreshing in the real sense. It only leads to a thoughtless expenditure of money and valuables.
? The stress from gambling may lead to health issues like ulcers, stomach problems, muscle pains, headaches, and problems with sleep.
Mental and physical health problems, financial issues, and conflicts in the family are among the common negative effects of gambling. The greed never ends and they keep betting more and more. Over time, it becomes a habit, and eventually an obsession that can’t be overcome. Card games, coin tossing, and dice-based games are some non-casino based forms of gambling
At the end of the month, the 55-percent handicapper would have gone 83-67 for a gain of 9.3 units, while the 60-percent handicapper would have gone 18-12 for a profit of 4.8 units, so the 55-percent handicapper has made nearly twice as much.
The 55-percent handicapper is using what is commonly referred to as the Wal-Mart Approach, which is to have a lot of volume with the expectation of grinding out a small profit. And as is the case with the Arkansas-based giant, many times this will be more profitable than being extremely selective and doing a small amount of volume, even if the mark-up is higher.
If somebody were to ask you if you would rather be a 60-percent handicapper or a 55-percent handicapper, which would you choose? The obvious answer is that it’s better to be a 60-percent handicapper, but that isn’t necessarily true.
Making it more difficult for sports bettors is that some sports services will claim to have won 200 units in a particular sport, but don’t mention that they release 10- or 20-unit plays, along with several 100-unit “locks” at the end of the year if things aren’t going so well and they need something to base next year’s advertising on.
For the bettors that do their own handicapping, however, units won is really the only thing you should be concerned with, as that ultimately is going to translate into the bottom line. A winning percentage of 55-percent sure doesn’t sound as sexy as a 60-percent handicapper, but if your volume of plays is high enough, it can certainly be much more profitable.
With baseball season coming back in about 4 months, many sports gamblers will be seeing ads from different sports services claiming winning percentages of 65-percent for baseball, and that’s entirely possibly, but what the services aren’t saying is that the majority of their selections were favorites of -200 or more, turning that 65-percent handicapping into a losing proposition.. The only statistic that sports bettors should be concerned with is units won, which is the amount of profit, or loss, they have over time, and not worry nearly as much about winning percentage. In the question above, it would be much better to be a 55-percent handicapper if you were playing 150 games a month, as opposed to a 60-percent handicapper playing one game a day
As the inventor and patent holder of Internet bingo(1), Parlay is the first company in the world to develop and deploy a commercial Internet bingo product. Unibet Group plc has been listed on Stockholmsborsen’s O-list since June 2004. Parlay Bingo is available in both 75-number and 90-number versions and is complemented by a full suite of lottery and casino games. Unibet is one of the largest privately owned gambling operators in the European market with more than 1.3 million customers in over 100 countries. Some of the world’s best-known brands use Parlay Bingo solutions, including Virgin, Yahoo! and MSN.
Parlay Entertainment Inc. The addition of online bingo is part of Unibet’s long-term strategy to broaden its product range beyond sports betting.
Unibet was founded in 1997 and is an online gambling company with its headquarters in London. (TSX VENTURE: PEI), the world’s leading supplier of Internet bingo solutions, is pleased to announce that Unibet has added Parlay-powered bingo to its offering of online games. The company is one of the largest privately-owned gambling operators in the European market and provides services in 20 languages through www.unibet.com. is the world’s leading developer and dominant licensor of Internet bingo solutions. There is significant risk that predictions and other forward-looking statements will not prove to be accurate. Moving forward, Unibet will benefit from Parlay’s multilingual capabilities as it deploys its bingo offering in other countries.”
Unibet Bingo uses Parlay’s new Swedish Variant Bingo software, featuring the five-part game popular in bingo halls throughout Sweden.
This document may contain statements about expected future events and/or financial and operating results of Parlay Entertainment Inc. More brand name companies use Parlay’s leading technology than any other software company in the Internet bingo industry.
OAKVILLE, ONTARIO (Market Wire) –
More information about Unibet Group plc can be found on www.unibetgroupplc.com
“Online bingo continues to expand into countries that have a strong tradition of land-based bingo,” said Andrew Branscombe, Vice President of Sales for Parlay Entertainment. Unibet is a member of the EBA, European Betting Association and is certified by G4, Global Gaming Guidance Group. Our multi-player, multi-platform technology is used to power more online bingo sites than any other software provider in the world. Unibet’s activities are licensed in the UK and in Malta.. “With its large, international player base, Unibet is an ideal partner to bring this popular form of entertainment to new markets. Unibet provides services in 20 languages and has initially launched Unibet Bingo in Swedish, with other languages to follow. 6,585,590 “Method and system for operating a bingo game on the Internet”, with other Patent applications pending in other countries.
About Parlay Entertainment
The TSX Venture Exchange does not accept any responsibility for the adequacy or accuracy of this release.
Parlay has an eight year proven track record built on the success of our clients: In 2005, more than 2.8 million players wagered nearly $2 billion USD on gaming websites that use Parlay software. Bingo gives us the opportunity to reach out to new demographics and broaden our customer base as well as the opportunity to cross-promote bingo with our existing suite of products,” said Petter Nylander, CEO Unibet.
Founded in 1997, Unibet offers a comprehensive range of online gambling products including sports betting, live betting, casino, poker, lotteries and soft games. The addition of Unibet strengthens Parlay’s multi-national customer base. Registered users can access the game through the Unibet gaming portal at www.unibet.com.
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(1) United States Patent No. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements.
Parlay Entertainment Inc. Today, Unibet has more than 1,340,000 customers in over 100 countries. that are forward-looking. Parlay is headquartered in Oakville, Canada with offices in Bridgetown, Barbados and Valletta, Malta.
“We’re pleased to launch Unibet Bingo which will further broaden our ‘moneytainment’ offer
Paddy Power said first half operating profit had grown by a third to 80 million euros against the same regulatory headwinds.
Discussions were continuing to finalise an all-share merger but key terms have been agreed to create one of the world’s largest online betting and gaming groups with revenue of over 1.1 billion pounds, the companies said on Wednesday.
The gambling sector is seeing a wave of mergers.
Paddy Power Chairman Gary McGann would keep his role in the combined group, while its CEO Andy McCue would become COO.
DUBLIN/LONDON Betfair and Irish rival Paddy Power have agreed in principle on a 5 billion pound merger to stake a claim to leadership of the online gambling market in Britain.
“We fundamentally believe this industry is all about scale,” said Betfair Chief Executive and ex-Paddy Power Chief Operating Officer Breon Corcoran, who would lead the new group.
Paddy Power is the larger of the two with a market capitalisation of 3.46 billion euros (3 billion pound) at Tuesday’s close, versus 2.43 billion pounds for Betfair, which has seen its shares rise by 140 percent in a year on the back of strong revenue growth.
Betfair is an exclusively online business, best known for its technology which allows gamblers to bet against each other. Paddy Power’s portfolio of almost 600 betting shops, more than half of which are in Britain, will also remain part of the plans.
“By putting together two distinct but phenomenally strong brands, we’ll have a market leading position in the UK, Ireland, Australia and in the United States,” he told Reuters.
The new group would be the market leader online in the UK with a share of 16 percent, according to industry data, passing a merged Ladbrokes Coral group on 14 percent, as well as William Hill and privately owned Bet365.
Davy Stockbrokers declared “the two best quality companies in the European online gaming sector are on the verge of merging”.. 888 and GVC Holdings are locked in a bidding war for online gambling firm Bwin.party Digital Entertainment.
Betfair said core earnings rose 19 percent in the three months to July 31, despite higher UK tax charges. Alongside its core exchange product, the firm is also targeting a larger share of the broader sports betting market.
Both firms also gave trading updates on Wednesday.
Last month bookmakers Ladbrokes and Gala Coral struck an all-share deal, creating a 2.3 billion pound betting group. Betfair finance chief Alex Gersh would also stay put.
Analysts pointed to significant scope to cut costs through the removal of duplication within the two businesses.
GAMBLING ON MERGERS
Under the terms, Paddy Power shareholders would own 52 percent of the group with Betfair investors owning the rest. Immediately prior to completion, Paddy Power shareholders would receive a special dividend of 80 million euros.
The betting sector has seen a string of deals this year as companies respond to higher tax bills in Britain and tighter regulation by looking to bulk up and better compete in an online market buoyed by the increasing use of mobiles and tablets.
Shares in Paddy Power and Betfair were up 18 percent and 17 percent respectively on the news.
Under the proposed merger, Corcoran said both brands will operate side by side in Europe
Moreover, online casinos that have a number of different gaming avenues tend to be safer. However there are those websites that are set up to scam players from their money and that’s where online casinos guidelines for safe gambling come into play. The first on the list of online casinos guidelines for safe gambling is ensure that the online casino you wish to play at has a valid license and you can do that by simply checking the websites that post reviews and ratings of the online casino.
Online casinos usually offer odds and payout percentages that are almost the same as land-based casinos. Having multiple revenue streams, giving them more incentive to stay honest and making it more likely that they will stay profitable.
Every player should choose sites which can provide them maximum protection against hacks and other breaks in security.
Online casinos are created and operated in such a way that it has won over the trust of millions of players the world over. Through this useful casino guide, one can play with much safety in a gambling site.
However, if you’re not sure about how safe a casino is, try doing some online research to see what others say.
When you gamble in an online casino the only one in reach of your pockets is anyone you let into your own front door. Today, a casino guide to identify safe online casino sites is much needed by all gamblers. There are a lot of other options out there.
Safety is the pre-eminent concern that players have about online gambling. They want to know if the games are honest and if their money will be safe. Your credit card is fully safe with the online casino you can be sure that your personal details stay with the casino for you to authorize deposits into your casino balance and most online casinos even use higher level encryption than your bank.
There are some groups dedicated to making sure that online casinos are safe. If a casino is verified by such a group there will be a link to them on the website of the safe casino Such groups include the Kahnawake Gaming Commission and the Interactive Gaming Council.. Be careful of online casinos that have outrageously high bonus offers or that have only been around and in the long run, if you’re not comfortable with a certain casino, don’t use it. Many players are hesitant to put money into an online casino because they are concerned that they will not get paid when they win or that the games are rigged and they will lose their money. The safety of playing should be guaranteed from the first deposit of money to the final withdrawal of cash. While some online casinos offer even higher payout percentages on their online slot machine games others publish payout percentage audits on their websites usually approved by a third party accounting group approving that the online casino is using an honest programmed random number generator (RNG) which eventually makes the online casinos even reputable at some points over the land based traditional casinos
BitStarz Casino Player Breaks Bitcoin Win RecordRecently at BitStarz Casino, one lucky player was able to break an important record for the site. This is worth a little over $85,000, which is a sizable enough win itself, but the fact that it was won in the most popular cryptocurrency is a pretty big deal on its own.
Details on the Jackpot
The Diamond Wild online slot, a game produced by iSoftBet, was the game that paid out this win.
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The revenue to the students is, they can go to extra mile to discover and prove themselves in the sports.
Many children join junior teams or community-based sports teams during his years in elementary school because their parents want them to learn the same fundamental values. Many schools still manage by the vast funds they receive from the alumni, giving less burden to the students.
College Sports for Girls: It is illegal to discriminate against women in any program of education. There was a mindset to have the child owning the academic excellence, even if he is zero in the sports but going by the opportunities, fitness factors etc parents have realized that sport is a part of academics.
School spirit in providing the sport: There are more and more number of schools who are giving many sports facilities to the students. This is very important advertising factor for the school. There are some who merely go for the fitness factor but many top schools take it very professionally and create sportsmen who can play at the district level, state level so that if somebody has interest and is good in some sports, he can join a sport institute as his career.
Revenue: College Sports bring in money to the school in N number of ways. Early age is best to learn integrity, collaboration, communication and good sportsmanship. May not be your school, if you want your child to rule some sports. Many colleges recognize sports as part of their core values, and help student athlete balancing between sports and academic career thus maintaining the highest level of integrity and sportsmanship.
We enjoy watching sports in college as pure entertainment. It allows them to feel the benefits like the boys, and it’s literally helped level the playing field.
Many schools have to the lottery system for students to access to the games popular sports like football, cricket. Also we want our child to be a good sportsman along with a very good in academic. Time to time there are school and college competitions at every level. As early years have the most impact on the child, it’s important for the parents to research for the schools who provide good quality sports. Many medium size school just have a playground, and sell it like they’ve all kinds of sports facilities. Check out the information on some online ports like http://www.schoolib.com to get the information on the kind s of sports facilities provided by the schools.
The importance for athletes in schools: Irrespective of, female or male athlete if you play to a very successful internal team, there are multi fold facilities for athletes. Schools must comply with it, providing athletic opportunities by enrolling the girl students and having a continued expansion of athletic opportunities to girls.
The vast gaming facilities require a huge infrastructure, thus fees for these schools is generally very high. This includes athletics and sports also. Skills continue to be refined during years of college and is the skill that eventually will make a success of student-athlete at work.. The demand of schools providing good sports facilities is very high, and if one school is proving his superiority in the sports, of-course demand will increase as well. Students can opt for a sport, whereas some sports are compulsory.
No doubt it’s fun to watch your kid participating in the sports events. The participation of girls now is increasing rapidly, where girls are taking active part on most of the sports. Moreover college Sports create productive and responsible citizens, strengthening community feeling and create strong schools. In India, slowly the culture is coming where parents are giving the importance to the sports, which was lacking in the past