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.
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. 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. 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. 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.
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.. 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
The review will take at least a year to investigate allegations of corruption in tennis and the effectiveness of existing procedures.
LONDON Tennis accounted for nearly three quarters of all the suspicious betting alerts issued last year, the European Sport Security Association (ESSA) said in a report published on Thursday.
For the whole year, soccer triggered 19 alerts while table tennis, ice hockey, snooker and greyhound racing each featured twice.
A top global bookmaker also suspended betting on a suspicious match at the Australian Open. The spokesman added that factors that can influence results — such as player fitness, fatigue, form, playing conditions and personal circumstances — are analysed and if there are concerns about “suspicious activity” the TIU will investigate the matter.
Tennis was more evenly spread globally, led by Asia (19 cases), Europe (18) and North America (14).
The allegations were further fuelled by former Australian professional Nick Lindahl pleading guilty in January to match-fixing in a minor tournament in 2013.
“An alert can be an indicator of suspicious activity. But it is not proof or evidence that corruption has taken place.”
The organisation, established by regulated bookmakers to monitor suspicious betting patterns and guard against match fixing in sport, said 73 of the 100 events that raised concern involved tennis.
Most of the cases of suspicious betting in soccer occurred in European matches. Africa accounted for nine.
“The start of 2016 has seen a worldwide focus on alleged match-fixing in tennis,” wrote chairman Mike O’Kane in an introduction.
(Reporting by Alan Baldwin, editing by Pritha Sarkar/Toby Davis)
Tennis governing bodies set up an independent review panel last month following media reports criticising the Tennis Integrity Unit (TIU) for not adequately investigating some 16 players repeatedly flagged over suspicions they had thrown matches in the past decade.
“The data in our Q4 integrity report reflects previous quarters and, whilst tennis constituted the largest proportion of suspicious betting alerts identified by ESSA members, it should be noted that the vast majority of tennis events are fair,” he added.
The ESSA report said that in the final quarter of 2015, there were 35 sporting events deemed to be suspicious with tennis accounting for 24 of them and soccer eight.
“All information supplied by betting operators is analysed by the TIU,” a TIU spokesman said in a statement.
Geographically, 38 of the alerts originated in Europe, 24 in Asia, 16 in North America and 11 in South America.
Match-fixing allegations by the BBC and online BuzzFeed News broke before last month’s Australian Open.
“Prohibition simply does not work,” Geoff Freeman told a House panel on Dec. Nevada and Delaware also began offering some online gambling last year, but New Jersey is the first state to “fully” legalize it, said Lee Fenton, the chief operating officer of Gamesys.
But analysts are mostly rolling with Christie and the casinos. Others predict the overall U.S. That doesn’t translate online,” DeGaris told FoxNews.com. In online casino gambling, it’s about the game more than the bet.”
“In sports gambling, it’s about the bet,” DeGaris said. 10. But new laws across the nation are rolling the rules back — and lawmakers think they’re holding a royal flush.
“It’ll be interesting to see how this plays out,” said Laurence DeGaris, associate professor of marketing at the University of Indianapolis and an expert in Internet culture.
Mega-entrepreneur Richard Branson’s Virgin Group is the latest entry in online gambling, teaming with the Tropicana Resort in Atlantic City and online game maker Gamesys to bring online poker, blackjack and slots to New Jersey this week. “The federal government has tried the prohibition approach – specifically the Unlawful Internet Gambling Enforcement Act of 2006 and the Wire Act – and through multiple Justice Department crackdowns on offshore operators as well.”
- Geoff Freeman, president and CEO of the American Gaming Association
Prohibition failed – again
Last month, the president and CEO of the American Gaming Association testified before Congress and urged legislators to repeal their 7-year-old ban on Internet gambling.
“Slots and roulette are very visceral games, lots of bells and whistles. Gov. Chris Christie validated the vice in the waning weeks of 2013, saying he hoped to rake in $1 billion in casino revenues this year, of which the state will collect a 17 percent tax.
Players must be at least 21 years old, and either reside in New Jersey or be in the state when they place their bets. “The technology is rolling out this week.”
And New Jersey isn’t alone; eight other states have bills in the works that will allow Internet gambling as well. U.K. will catch up to the rest of the world and allow it at some point.”
“Those from other states can play, but they cannot wager,” Fenton said. “Blackjack and poker have a very human element that’s lost online.
Not everyone agrees with the odds. — notably sports betting.
Legalizing gambling across the U.S. “That’s where I see the huge potential in online gambling, and I reckon the U.S. They play against the house at Virgin Casino, and they can finance their wagers with debit cards, credit cards, or in person.
“There will be many games to play online in New Jersey,” Fenton told FoxNews.com. Virgin could be holding a full house, but it could also fail before the flop.
‘Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion.’
What happens online, stays online
Six other firms, including popular companies like WSOP.com and Ultimate Poker and other casinos like Caesars and the Golden Nugget, participated in the “soft play” launch of online gambling in New Jersey in November, the state’s Department of Gaming Enforcement Director Dave Rebuck said during a recent conference call.
To prevent unauthorized access, Virgin Casino physically locates gamers’ cellphones periodically. market could be worth as much as $9 billion in the coming years as other states, including California, legalize online wagering.
Globally, the business is even more lucrative. H2 said the industry was worth $33 billion in 2013, with $4.5 billion coming from mobile gambling on iPads, iPhones and smartphones.
. market research firm H2 Gambling Capital, which focuses on the gaming industry, predicted about $300 million for New Jersey’s online casinos — or about $45 million in tax revenue, according to the New York Times. “Blackjack, slots. To put that into further context, Americans accounted for nearly 10 percent of the entire $33 billion worldwide online gaming market,” Freeman said.
Congress banned online gambling in 2006. If your phone is off, or if you’re too near state borders, you may not be allowed to play.
Freeman said the Department of Justice has relaxed its views toward online gambling since 2011, and this could open up even more opportunities in the U.S. “If we are unable to determine that you are in New Jersey, you will be unable to play on Virgin Casino,” the site notes. will generate – in addition to tax revenue from the proceeds at casinos – approximately 22,000 new online gambling-related jobs, Freeman testified.
Many Americans simply ignored the ban, he noted, as the country did during Prohibition in the ’20s.
“Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion on illegal, unregulated offshore gaming sites