Sport is made for betting

Yesterday, the French Senate decided to adopt the bill aiming to "open market competition for gambling online." But sadly, their citizens will still be ripped off by limited competition, high margins and poor options. Read the translated article from sospronostics.com Sports betting, live betting, poker and betting on horse racing was approved (no detail whether fixed-odds racing was given the nod). Exchange and spread betting remain prohibited, "because of the risk of money laundering and ease of addiction worse than this may cause." There is nothing like dealing with an authority which makes up its own data, and then buries its head in the sand when proven otherwise. Every online transaction can be traced to IP addresses, bank accounts, counterparties etc - exactly how does that compare with cash transactions in PMU outlets and land casinos. Just look at the record of Australian casinos for a history of money laundering, and without a doubt that happens in every o...

I've been disappointed by the lack of value in the Aus Open matches so far. So many lacklustre betting contests with very little to get excited about. Tonight I've gone for something different. I give a couple of underdogs in the men's a chance to at least take it to the seeded favourite and stretch the match out. So I've bought games at SportsAcumen, looking for a four-setter at least, or some tiebreaks. Buy games at 31 Berdych v Dabul. 6-1 6-1 6-3 (23) -8 Buy games at 32 Nalbandian v Lu. 6-4 5-7 4-6 6-4 6-2 (50) +18 Worst case scenario is a triple bagle totally just 18 games. The upside is if there was another contest like that 16-14 Muller v Lopez match on Monday.. can only dream though! The prices are usually in favour of the sellers in these markets, so I'm a bit wary. I'm not a natural spread bettor, it's very tiny in the Australian betting industry, so tonight is just a dabble.

Hardly a surprise really when you think about it. Exchange betting and spread betting are the most difficult forms of betting to understand. So what happens when you combine the two? You have a concept which is bloody hard to explain and appeals to a very tiny sector of the betting public! Exchanges rely on liquidity. To get liquidity, you need lots and lots of punters. Spread firms are niche betting companies, they will never become mass market due to the credit checks etc that people require to get an account. Also, spread betting is almost completely restricted to the UK. There is no international market for it. Combining the two most difficult concepts was always going to struggle, it looks like Cantor have simply given up a business that cost too much money and was never going to make it. On the Spreadfair website: Dear Cantor Spreadfair Customer Cantor Index Limited has taken the decision to close Spreadfair, its online betting exchange, to focus on its financial spread betting a...