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.

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.

Yahoo Inc. seeks to boost its brand by joining fantasy sports betting, one of thesuccessful industries. This came because of its stagnant advertising revenue.

This week, the Silicon Valley giant made announcement of launching a betting service that could introduce over ten million people to legalize online sports gambling called Yahoo Sports Daily Fantasy.

Yahoo Sports Daily Fantasy is available through a mobile app. It enables users to compete either in groups or individually by placing bets on the performance of a professional athlete.

According to Eilers Research in Anaheim, the service is estimated to make $1.4 billion by 2020, with the industry for wagers growing at the rate of 41% every year. As such, this year, the service will generate around $2.6 billion in entry fee.

As said by Fantasy Sports Trade Assn, 56.8 million will be the total number of people playing fantasy sports this year.

With sites like FanDuel and Draftkings on the lead, fantasy betting has thrived since the Government passed the unlawful Gambling Enforcement Act in 2006.

The Vice president of Yahoo, Ken Fuchs said, “The move will allow Calif to expand its existence on mobile devices and create a base of steady transactional revenues by taking 19% of each wager.”

Yahoo is planning to start expanding its presence with football and baseball then later move to hockey and basketball, hoping to go international one day.

On the contrary, the managing director for Eilers Research, Adam Krejcik is disappointed that Yahoo Daily Sports Fantasy‘s platform is almost similar to its competitors FanDuel and Draftkings. Instead, Yahoo should have invested at least $100 million this year to make casual users of fantasy sports have shareable experience on social media.

On Thursday,Krejcik wrote to clients, “As much as Yahoo has the necessary resources to spend, it is uncertain to us whether the management is willing to commit to such amount of cash.”

Fuchs declined and went ahead to explain how the company was going to invest this year.

Senate has now eradicated Bill C-290. This bill which was agreed by the senate and the House of Commons claims that betting sites would be allowed to legalize the betting of a single outcome event. The bill was first initiated by Windsor New Democrat MP Joe Comartin in 2012 who was the Minister of Federal Justice. It was later to be seconded by Conservative MP Rob Nicholson. It would later emerge that no one went against it and it went through unopposed.

The fact that bettors could merge two events and wage on them made Americans cross the border to Canada to have this opportunity and due to this two betting sites namely; Casino Niagara and Caesars Windsor took the chance to initiate the service for the incoming American visitors. In turn the process would generate huge revenue for the government as well as creation of job opportunities for the Canadians.

Moreover, the provincial governments have initiated a plan where they would deter the acquisitions of cash to organized crimes that is emanating from the unlawful betting on sports.

It has been claimed by the Canadian Gaming Association that more than $40 billion has been conducted via online or by individuals for the last three years since the this bill was passed by the senate in 2012. The CEO of Canadian Gaming Association Bill Rutsey claimed that the stories have been highlighted several times by the media. He gave an example where a police officer was detained when he involved himself with mafia bookmaker on illegal betting. He added that there was evident co-operation between Hells Angels and the Platinum Sportsbook bust from Super Bowl 2013. By this he meant that the beneficiaries of the illegal betting is not the government but rather gang sections as well as offshore operators and these don’t have a regulatory licenses to operate.

Implying on these happenings, the senate would have rather voted for the bill which has foreseen the government lose a lot of revenue from taxes and this would lower the economic growth of the nation. Generally it was a wrong idea for the senators who in turn should not be elected back to the parliament come the elections.