Sport is made for betting

A lot of this is bookies boosting their own PR but obviously there is some substance behind it. Any time someone knows the answer before the official announcements are made (Academy Awards, Big Brother etc), then there is always a risk of insider trading. Montgomerie 'on guard' to ensure no Ryder Cup betting coup Gambling fears prompts Europe captain to be wary of telling wildcard contenders decision ahead of announcement. As if Colin Montgomerie hasn't enough to think about in this run-up to making his three picks, the Ryder Cup captain must also be wary of a betting scam staged by "unscrupulous insiders". A source inside the European Tour yesterday revealed the Scot will be "on his guard" to ensure his selections do not leak out before his team announcement here on Sunday night. Montgomerie has said he plans to speak to all the wild-card contenders before the official unveiling, meaning many would inevitably learn of his decision while ...

When a spread betting firm makes a big deal about setting up a fixed-odds sportsbook arm, then wants to get rid of it, chances are it's not making any money. IG Group to sell Extrabet Financial spread betting business IG Group has recruited accountants PricewaterhouseCoopers to find a buyer for its sports betting arm Extrabet, media reports at the weekend have suggested. Extrabet accounts for an estimated 2% of IG Group’s overall revenues, however the business values the division at around £20m, the Sunday Times reported. Analysts have previously questioned whether the business, which suffered a fall in revenue of more than 30% last year, is worth much. IG Group and PwC both declined to comment. I'd have to agree with the last comment. Extrabet's client list is common with the spread side of the business, and one has to wonder how many genuine fixed-odds punters there are, rather than occasional dabblers. Extrabet's sports prices are all powered by the powerfu...