Skip to main content

utterly daft polticians

How ridiculous is a ban on online poker and casinos in a country where the law is openly flaunted, play-for-fun (.net) sites are widely promoted and companies like PokerStars have offices set up there?


Australia upholds online gaming ban


This is the dilemma in Australia where companies such as Betfair, Centrebet and Sportingbet offer licensed and regulated poker and casino services to punters outside Australia, but by law, can't do so to Australian residents. Yet, the likes of Party Poker and PokerStars can openly advertisely their wares around the nation by sponsoring events and TV coverage through their 'free' sites. Only the extremely daft amongt us, namely Federal Communications Minister Stephen Conroy, believes that these companies do not generate any real money business via this advertising. Australia is one of the biggest markets for foreign poker firms, so all the profits from these companies goes offshore and stays there.

This is the same daft politician who is hellbent on filtering Australian internet services to a level only matched by communist China. Nice idea to attempt block the evils of the world from the public, but the reality is the sites that do provide the biggest dangers don't advertise themselves and can switch URLs quickly. So the net result for Aussies is a much-slower broadband speed and many legitimate businesses will be filtered out, because the government won't publish the list, or the criteria behind it, but like any government department, will stuff it up and include innocent sites in their net.

And meanwhile, the government helps out their mates in the casinos who pay ridiculous amounts of tax so the poorly-run states, who sold off most of their assets long ago, aren't stone broke. Nothing to do with preventing problem gambling as everyone ignores the ban anyway, it's about incompetent politicians helping out their casino-owning mates.

Comments

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...