Centrebet takeover approved by Australian Federal Court

The Sportingbet bid for Centrebet looks to be signed and sealed now with Australian courts giving approval that it doesn't breach any anti-competition laws. So Ladbrokes choose not to bid on Australia's first online bookie, letting Sportingbet buy them out, so they can then take them over....

Interesting concept - surely someone's paying too much along the line?

Centrebet takeover approved by Australian court

Sportingbet’s takeover of Centrebet has edged closer after receiving the approval of the Federal Court of Australia. The news follows last week’s announcement that the takeover had received the backing of Centrebet shareholders. In a statement to the London Stock Exchange this morning, London-listed Sportingbet confirmed that the schemes pertaining to the takeover will “become effective” upon the lodging of relevant court orders to the Australian Securities and Investments Commission tomorrow. The suspension of Centrebet shares will follow, with the Australian company set to be officially delisted from the Australian Securities Exchange on 31 August, at which point it will become a wholly-owned subsidiary of Sportingbet.

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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

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...

Wimbledon preview - women

Unfortunately this year I don't have the time to write comprehensive Slam previews anymore so I'll sum this one up pretty quickly - it's all about Serena. 1 - Serena Williams. In incredible form. Since bombing out in R1 of the French Open last year, she has lost just three times - to Kerber (Cincinnati QF), to Stephens (Aus Open QF) and to Azarenka (Doha final). She has won three of the last four Wimbledon finals plus the Olympic gold last year where she dropped just 17 games in six rounds, against opponents which included four former world #1s. All that considered though, I can't have her at 1/2 (1.50) on Betfair. She just has to be opposed. I can't put a finger on who is going to beat her, but I have to side with her prospective opponents. If you want a smokey to put some small change on, try Maria Kirilenko. Her record in the Slam isn't so great but it has been improving - a best result of R4 last year beaten by finalist Radwanska 7-5 in the third, and

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