Posts made in September, 2015

Hesse Ministry licensing procedures to be scrutinized by the ECJ

Hesse Ministry licensing procedures to be scrutinized by the ECJ

The slow pace in Germany’s online sports betting framework is set to be investigated by the European Court of Justice (ECJ). This is after criticisms that were aimed at Hesse Ministry in Interior and Sports (HMDIS) procedures brought forth by the many stakeholders.

The ECJ is scheduled to launch investigations in the procedures of legislation that might be thought to have crumbled down after rulings that was not favourable from the Administrative Courts of Frankfurt and Wiesbaden.

The investigations are thought to venture into knowing the licensing procedure of the Hesse Ministry which a limitation of 20 pre licensed operators accessible by the German sports betting market.

Criticisms have been aired towards HDMIS after a myriad of sporting organizations, sectors in the government and internationally recognized operators who have been puzzled about the transparency of the ministry regarding the licenses approval. This has occurred after the licensing framework announcement.

Investigation findings indicated that 80 operators have sent in their application to gain one of the 20 licenses that were being offered by HMDIS. The procedure said to be restricting has brought a lot of criticism and has embarrassed the regulators from HMDIS.

An announcement was made in April 2015 regarding the German sports body SAB stating that they would not be in a position to be involved in discussions that were related to the nation’s online sports betting framework. The body said that they felt as if their contribution was not being valued.

This investigation by the ECJ might bring about delays for the implementation of a framework for the online sports betting in Germany. The ECJ court might deliver their ruling and findings on the processes of legislation before or on September.

The ECJ is the Supreme Court when it comes to the European Union in matters that relate to the Union law which makes this case a perfect fit for the court. They job is to make sure that the EU make sure of equal application across Europe, as well as, its members of state. We look forward to a great session and good judgement for the case.

Read More

Poker pro Wins 481,214 after signing up for the wrong event

Poker pro Wins 481,214 after signing up for the wrong event

Christian Pham a 40-year old poker professional from St. Paul in Minnesota signed up for the wrong World Poker Series of Poker in Las Vegas and ended up the first prize pot of $81,214. He plays professional Texas Hold’em Poker and he turned up to the WSOP event where he realized that he signed up by accident for a different game. He had signed up for no limit 2-to-7 lowball which was an issue since it’s a game he had never played before.

He would not give up his $1,500 buy in and he decided to grind up the game and see whether he would be in a position to salvage something from this mistake he had made. He had not realized the mistake he had made until he was in the first deal and received 5 cards instead of 2 which he expected.

The No limit 2-to-7 lowball is a different game totally different from Texas Hold ‘em. In this game, it’s the lowest poker hand that wins the deal and the game has no flushes or straights. Shawn Harris who was dealer to Pham in his comments said that the game is different and requires a different mindset and strategies.

Players at the table had to explain to Pham how the game should be handled and did it with less scepticism and they later realized that Pham was an experienced poker player. The player who was on the initial table with Pham said that one would suspect an act but wasn’t sure whether what Pham pulled was an act but he said that if it was, then it was very good.

As the first day came to a close, Pham was the chip leader. On the night of the first day, he topped his knowledge to the game and the evening that followed got him $81,214 richer.

Pham moved to Minnesota in 2000 from Vietnam. His poker career started in 2008 and made him a couple of thousand dollars in a local tournament. He was not serious towards poker playing until 2012 and 2014 saw him win WSOP Circuit main event in Las Vegas where he took home $214,332.

Read More

Bwin.Party Investors sell 6% stake

Bwin.Party Investors sell 6% stake

Investors to Bwin.Party Stinson Ridge and Emerald Bay are working on preparations to sell as much as shares amounting to 50 million in the FTSE; London for the online gambling provider. This share sale by these investors will take up a 6% stake at the company.

This news on the investors’ sale will see bwin.party share price fall 11p to 94p. Bwin.Party board in a statement said that they were not part of the sales bargain but these actions by Emerald Bay and Stinson Ridge were at par with the plans brought out by the firm in October 2013.

Bwin.party said that this sale would not make any impacts on the ongoing sale discussions going on with 888 Holdings and joint partnerships with GVC Holings and Amaya Inc.

The Chairman to Bwin.Party; Phillip Yea said that they were happy with the news of the sale and this announcement by the trustees since it will show clarity for the market and show a significant block of shares which were expected to be sold in 2015.

This sale announcement might have come at a strange time but this is at par with the agreement that was signed in October 2013 that allowed the sale of the shares before October 2015. This raises curiosity as it was done at a time when the group is active in talks with suitors. The trustees are not part of the discussions but one thing could be that they were approached by one of the suitors. Another reason could be that an investor has a positive view on a likely outcome of the talks and made an approach to the trustees. A final thought to the move can be that the trustees saw a risk reward to the situation and thought it wise to balance things down with the sale.

The view with many is that a bid is likely to the outcome. A lot of this will depend on the scale of the synergies and the execution risk related to the bidders on the deal. On this deal, it might be possible to see 130p or more but a more cautious stance might be seen on the limited upside.

Read More

Understand the different types of Tennis Betting

Understand the different types of Tennis Betting

There are several ways in which a punter can bet on tennis and win some money. Below are the several bet types in Tennis.

Placing the bet on the winner of the Match.

This is much simple and easy to carry on as it only involves choosing on who will win a match. Taking note on the best available odds in individual matches is the best way in which one could have a good bet. For those who are into serious betting on tennis, having multiple accounts with several best betting sites is the way one could be able to compare different odds.

Set Betting

This is betting on the exact result of a match and clear giving the winner of the different sets. The most important thing to take note is that in this type of bets, one has to do a good research before placing any type. The research you should consider are the head-to-head records on between the two players you betting on and also on the difference at which they have won the past matches.

Future Bets

This is placing the bet on who would win a tournament. The odds of this events for example ATP and WTA are usually placed sometime before the start of the respective tournaments. In others the odds are set by sportsbooks and bookmakers’ even months in advance and this is the case for the Grand Slam Tournaments. There are also odds offered by bookmakers on the player that will be ranked first at the end of the year and before indulging on this always consider injuries although this cannot be predicted.

Prop bets on tennis

The numbers involved in tennis is the reason that makes tennis to be an ideal sport for prop bets. Every point of the game involves numbers as it is used in sets and matches. Online sportsbooks will offer a number of prop bets at any tournament some of which include 1st set game score, the round at which a player will be eliminated, total number of games that will be played among others.

Tennis Parlays Bets

This are wagers placed between multiple players and then all put on a single ticket. To win this type of bet, all the players that you have placed on the bet slip have to win their different matches and if one loses then the bet is gone.

Live betting

This are much similar to prop bet as the game of tennis involves numbers and a lot of numbers. This however involves betting while the match is going on this could be betting on anything. This could be betting on the player that would win a particular set to betting on who would win the game.

Read More

Recent Comments

    Always bet responsibly and never gamble what you cannot afford. Here at sports-bettingsites.com we support responsible gambling. If you think that problem gambling is affecting you and/or those close to you you might want to contact gamcare and if you want to gain greater gamble awareness you can visit gambleaware.co.uk for more information.