Skip to main content

French online gambling bill is a farce

Don't expect any companies moving to France in a hurry after the National Assembly voted to introduce licensing regulation for online wagering. Amongst the ridiculous items in the bill:

- all accounts held by French citizens must be closed down until the respective company is licensed and situated on French soil

- all markets must have a best pay back return of 85% (imagine betting on tennis or NFL with markets of 1.74/1.74!!)

- big chunk (8%) of turnover (not profit) to be paid to the government and then the operator must negotiate with the respective sports bodies to pay more for the privilege again

This will get struck down by the EU - all it does is protect the govt run duopoly of the PMU and FdJ. No competitive business will put up with such crap.

European Gaming and Betting Association Secretary General Sigrid Ligne said

“At the time when Europe is watching the developments of France’s reform, the introduction of even more unjustified restrictions is threatening to corrupt the efficient workings of the market.

“If the senate votes along these lines, the prospects of a French market that is both viable and compliant with EU law is a longway off.”


Meanwhile Right2Bet is lobbying hard for the rights of European punters.

Comments

Popular posts from this blog

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

The Melbourne Cup preview 2019

We're back again for the greatest race on turf, the world's richest staying race and the only race in the world which creates a public holiday for millions of locals.




Once again a fine international field has been assembled and it's worth a deep look at the race. So get a cuppa and find a comfortable seat to plough your way through my preview!

--------------------------------

The Lexus Melbourne Cup
Group 1, Handicap, 3200m
AUD 7,750,000
Flemington 1500 local, 0400 GMT
Broadcasters - Network 10 (AUS), Racing.com (worldwide), SkySportsRacing (UK)


1. Cross Counter
Trainer - Charlie Appleby (one previous Cup win)
Jockey - William Buick
Breeding - Teofilo - Waitress
Drawn 5, Weight 57.5kg

Last year's impressive winner who doesn't get the 3yo weight advantage this time. Won first up at Meydan in March but has run fourth, third, fourth in the big set weights staying races in England and Ireland, never quite making it as the next big staying star. While running close behind Stradivar…

Westow Stakes - York 16/5/19

The sun was out for a glorious opening day of the meeting, and races down the straight appeared to have no concerns about draw bias. Thursday's card has a few higher profile races but this 3yo sprint is worth watching closely, tomorrow and for future form.



British Stallion Studs EBF Westow Stakes
£50k, Listed & Class 1, 3yo, 5f
York 1605

Soldier's Call - flying machine, winning four of six starts in Britain last season, running third in the Prix L'Abbaye, beaten a neck at WFA then finished sixth as joint favourite in the BC Juvenile Turf Sprint. Has plenty on these on ratings, but life's rarely that simple with unexposed 3yos early in the season.

Broken Spear - more exposed than most of these and well beaten by Garrus first up. Missed Chester last week, probably due to the rain (or a poor draw). Pass.

Charming Kid - won at this meeting last season but has been a little erratic ever since. Well beaten on AW Championships Day, appears to be a few lengths off these.

Garrus -…