The proposed draft legislation 671-2015, has been progressed by the Brazil’s senate. The legislation will see that fixed odds sports betting meet a regulatory requirement. Currently, the Brazilian gambling law permits players to gamble on land based casinos, lottery and horse racing events that are licensed.

Brazil is one of the potential market in Latin America for international online gambling, which has become very popular. However, the Government of Brazil has been very slow in implementing gambling laws to accommodate the changes in the industry.

Prior to the 2014 World cup, Senator Ciro Nogueira introduced the draft legislation, which emphasized on the need of following physical procedures by the operators seeking to join the Brazillian igaming market irrespective of their listed country of origin. This is the first draft of its kind to have a long and tedious process to meet its goal. On the other hand, other senators opposed stating that Brazil should instead focus on developing regulatory platform based on European style framework to regulate online casino games, poker and online sports betting.
From the media sources, it is evident that the draft legislation progressed because the Senate raised concerns about the popularity of online betting services being operated by remote companies. In addition to that, it came to the concern of the senate that Brazil lacked regulated provisions to curb illegal betting sites that targets the Brazilians.

After progressing in the senate, the draft legislation is now waiting for presidential approval. However, the full details of the betting framework and legislation is not yet known. Nonetheless, Brazil will probably begin to receive applications for licenses from foreign operators. As for now, nothing has been presented to the tax and licensing authority regarding charges on market entry.

Previous attempts to introduce online gambling and betting framework has drawn division of opinion on generating national policy.

Brian Kavanagh, the Horse Racing of Ireland’s chief executive has said there will be no delay to the newly introduced betting tax system in Ireland despite the UK’s point-of-consumption (POC) system that was introduced in December 2014.

The British law, referred to the High Court in London was found in favor of Gibraltar Betting and Gaming Association (GBGA), which argued that the issue of raising online gambling taxes should be decided by the European court.

The UK’sPOC is being challenged by GBGA on grounds that the new tax discriminates and restricts movement of services of non–UK businesses that operate within EU.

On behalf of HRI, Kavanagh said that the British Governmentcould be forced to repay taxes already secured and that HRI would pay close attention to developments

“It is not an unexpected development. It is one to watch but not one to have concerns about. We will have to wait and check out the detail of the case,” said Brian Kavanagh.

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Kavanagh stated that the introduction of the new betting bill in Ireland should not be delayed with UK POC regulated issues, which in the past has seen numerous delays. Kavanagh is confident of implementing the new bill, having seen it go through the EU scrutiny concerning its anticipated framework.

“It has been through the European validation process. Now whether this case in Britain is a technicality whereby the validation process can be tested in court, I do not know.”

“But the system has been operating in Britain since December and the Irish system will come in in a few weeks time so there will be no hold up in that respect. I think it is a case of watching what is going on. Both pieces of legislation, in both jurisdictions, had to be run by the EU before being introduced so they’ve been through that process,” Kavanagh added

Licensed and operated by Gibraltar, BetVictor is launching its cash out service for its sports betting this week. Following its competitor’s bet365, William Hill and Skybet, BetVictor is the latest bookmaker to install acash out service, opening up a new solution developed by its in-house technology team.

To begin with, Cash out services will be made available to UK customers across all networksfor in-play betting and pre-match in five of the most popular football markets. This includes Win-Draw-Win, Correct Score, Both Teams to Score (BTTS), The Win &BTTS market and over/under goals.

Considering that BetVictor’s in-house technology team developed the service, they are qualified to make adjustments and developmentto the service more fastercompared to outsourcing the solution.

The launch of cash out service follows the release of the new version of BetVictor’s iOS app into the Apple’s App store, as the operator looks forward to enhancing its football offering at the start of the upcoming football session.

The company is planning to offer cash out in non-UK markets, as well as a variety of new markets across different sports.

The flowing statement was made by Head of BetVictor’ssports book product, Eoin Ryan regarding the service:

“The introduction of Cash Out to the Sports book is a major milestone in terms of our development.

“It’s a crucial product that the modern day bettor expects to have access to, and we know that it will help us continue the sustained growth and progress we have seen, especially in our football business, over the past few years.”

The firm pointed out that over the coming months they will continue to make better the initial launch of their product and will swiftly look towards extending their scope to house more sports and markets and bring in new functionalities.

A wager placed on anything besides a point spread or money lineis called a prop bet. This wager could range from the first to score to a quarterback that will have the most passing yards.

Normally, prop betting is the easiest to beat. This could be attributed by careless bookmaking. With various hundred lines to manage and create, lines managers are satisfied with low betting limits and simple methods for small market props. As such, it is makes it easier for a serious low stake-pro to evaluate a single prop in detail than those who created it.

For the time being, small maximum betting limits keeps the high rollersout and enables line movement on recreational action. A profitable market is one with no sharks but loss of fish.This means, the more smart bettors there are, the more betting props and the lower odds.

Let us take an example of a prop in NFL football on “Which team to score first” between Patriots and Lionsin different betting sites:

5Dimes- Patriots -150 / Lions +130
Bookmaker.eu- Patriots -175 / Lions +145

Sportsbook.ag- Patriots -165 / Lions +130

The Greek- Patriots -170 / Lions +140

Pinnacle- Patriots -147 / Lions +126

Another term to consider in sports betting is derivative. The prop bet in consideration “which will score first ‘ is a derivative. It comes the first half-betting lines of the game.

Consider the following to understand better:

5dimes- Patriots -4 -105 / Lions +4 -115 (25)

Bookmaker.eu- Patriots -4 / Lions +4 (25)
Sportsbook.ag- Patriots -4 / Lions +4 (25)
The Greek- Patriots -4 / Lions +4 (24.5)

Pinnacle- Pats -3.5 -116 / Lions +3.5 +105

If there are two sites that are committed to keeping their line accurate, is 5Dimes and Pinnacle. On the other hand, The Greek, Boomaker and sportsbook.ag are comfortable with pricing each side at -110

In sports betting, while the main market moves, derivatives follow at a slower pace and this what makes it interesting.

A parlay bet is a popular betting strategy employed by most gamblers. For those who are not familiar with this, then do not panic, as it is one of the easiest forms of bet to understand. Basically, it is a combination of bets, where you group your bets into a single wager rather than betting several teams individually.

What makes Parlay strategy attractive is the fact that it has huge payout and less risk. However, all the teams you have selected must win.

In sports betting, there is a general misconception that all parlays are sucker bets. This is because a large number of sports bettors are not familiar with the strategy or fail to bet properly. As such, this article aims to provide with all the insight regarding Parlay betting strategies.

Parlay odds

The following is normally the parlay odds at most of the sportsbooks around the world:

• 61 to 1 for 2 teams
• 6 to 1 for 3 teams
• 10 to 1 for 4 teams
• 20 to 1 for 5 teams
• 40 to 1 for 6 team

While BetOnline and 5Dimes offer better odds, other sites offer similar odds. It is important to keep in mind that these wagers are based on a 50/50 wagering proposition. For example, a Home team -7 and road team +7 listed on a spread is a 50/50 proposition, while Home team -7 -105 and Road Team +7 -115 is not a 50/50 proposition.

How to get the best parlay odds

Keep in mind that fixed parlay odds vary greatly from one online sports book to another. The following will guide you on which sites offer the best fixed parlay odds.

2 Team Parlays- 5Dimes.eu and Bookmakers.eu offer +264 and +264.5 respectively unlike +260 offered by most sites

3 team Parlay- the best 3 team parlay odds in the industry is offered by BetOnline.ag which pays +650. Others sites pay between +595.8 and +600

4 team Parlay- In this area, sports better feel hurt by the betting sites, with a payout off 10-1, giving bettors an advantage of 31.25%.you can avoid this feeling by betting at a bookmaker or at 5Dimes +1228.

Generally, parlaying more than 4 team at 5Dimes and Bookmakers.eu is better than in other sports betting sites.