Skip to main content

dithering idiot tries to protect his monopoly

No, it's not Robert Nason, the former CEO of Racing Victoria, who has recently resigned from Tabcorp and moved onto Telstra, oft nominated for the most stubborn company in Australia, it's Dr Friedhelm Repnik claiming that match-fixing would never occur if German citizens were only allowed to bet via his company.

Challenge to Baden-Württemberg Monopoly Rejected

The Chief Executive of Germany’s Baden-Württemberg Lotto company, Dr. Friedhelm Repnik, has called on the government to close illegal betting shops and step up the fight against European online betting providers, suggesting that the recent match-fixing scandal in German football is the result of such ‘uncontrolled’ betting.

Repnik’s comments followed a ruling last week by the Administrative Court of Baden-Württemberg, in an appeal against a cease and desist order issued against private betting shops which allegedly brokered sports bets for betting companies licensed in Gibraltar and Malta.


It's not the European-licensed firms you have to worry about idiot, it's the firms in the Far East who have no qualms about betting on under-16 fixtures, and move prices according to the money, rather than closing down winning or crooked accounts, that are just a tad more concerning. But of course, making sure nobody wins by setting over-rounds of 120% on a football match is a surefire way of stopping anyone betting who might want to win!

Meanwhile, in other self-serving, monopolistic behaviour, the Dutch goverment monopoly which argued that placing an online bet with them was e-commerce, while placing an online bet with Betfair or any other betting site was e-gaming (!), face their court judgment tomorrow. Betfair's Mark Davies has already come out and said he doubts logic will prevail here as the normal three-month period of translation for Dutch court rulings such as this one has been expedited down to just six weeks - so either they've brought in a lot of translators on work experience, or the judgment was already decided before the court case in November...

Comments

  1. Hi Scott, It's always interesting to read your views on these legal issues, to be honest they go over my head! Is the whole of Europe and the USA against online betting exchanges? As the legal systems in each EU country are brought into line, is it likely that the UK would also have to legislate against them? The way the USA shut down the customers of the big Poker sites basically overnight is quite scary. What do you reckon, is Betfair safe?!?!? MG

    ReplyDelete
  2. No chance of the UK legislating against betting firms - it is a major industry there. The US didn't suddenly ban online poker, they just suddenly started to enforce the existing bans on online gaming. France is the only country to have specifically banned betting exchanges, the others are opposed to online sports betting completely.

    The EU says online gambling is legal and have instructed all member states to allow and regulate it - but the various countries with existing government-owned monopolies will take as long as they possibly can in order to protect what they already have.

    ReplyDelete
  3. Funny that the DFB (German FA) have themselves said that commercial sports betting in the country would mean fighting fraud and match fixing an awful lot easier - see http://tiny.cc/RwLZs (German Language). This chap is protecting his own back, nothing more, as his company would be screwed if they were actually allowed some decent competition!

    ReplyDelete

Post a Comment

Thanks for your comments, but if you're a spammer, you've just wasted your time - it won't get posted.

Popular posts from this blog

It's all gone Pete Tong at Betfair!

The Christmas Hurdle from Leopardstown, a good Grade 2 race during the holiday period. But now it will go into history as the race which brought Betfair down. Over £21m at odds of 29 available on Voler La Vedette in-running - that's a potential liability of over £500m. You might think that's a bit suspicious, something's fishy, especially with the horse starting at a Betfair SP of 2.96. Well, this wasn't a horse being stopped by a jockey either - the bloody horse won! Look at what was matched at 29. Split that in half and multiply by 28 for the actual liability for the layer(s). (Matched amounts always shown as double the backers' stake, never counts the layers' risk). There's no way a Betfair client would have £600m+ in their account. Maybe £20 or even £50m from the massive syndicates who regard(ed) Betfair as safer than any bank, but not £600m. So the error has to be something technical. However, rumour has it, a helpdesk reply (not gospel, natur

Betdaq.... sold...... FOR HOW MUCH???

So as rumoured for a while, Ladbrokes have finally acquired the lemon, sorry, purple-coloured betting exchange, Betdaq. For a mind-boggling €30m as 'initial consideration'. That's an even more ridiculous price than Fernando Torres for £50m, or any English player Liverpool have purchased in recent seasons! As I've written previously there are no logical business reasons for this acquisition. from Nov 29, 2012 The Racing Post reported this week that Ladbrokes are nearing a decision to acquire Betdaq. This baffles me, it really does. Betdaq are a complete and utter lemon. Their only rival in the market has kicked so many own goals over the years with the premium charge, followed by an increase in the premium charge, cost of API and data use, customer service standards which have fallen faster than Facebook share value, site crashes and various other faults. So many pissed off Betfair customers, yet Betdaq are still tailed off with a lap to go. Around the world, Betfair

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...