Perform Group Launches New Odds Service

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World leading digital sports content and media group, Perform Group, in partnership with William Hill, Sporting Solutions and Wettbuero as first sign-ups, has announced the launch of an innovative new service, the RunningBall Odds Store, which will see sports betting operators being provided with access to a vast range of best-in-class in-play odds from a number of providers via one unified API.

The proprietary software was created by RunningBall, a company that was acquired by Perform Group for £95 million in 2012 and will ensure the fastest possible delivery of the live odds feeds and give operators an opportunity to tailor their in-play offer so as to match their exact requirements.

The trading and risk management capabilities of sophisticated trading floors is bound to benefit customers and drive more efficient pricing and higher margins.

Customers can integrate the RunningBall Odds Store for free and in a simple manner giving them complete flexibility via a pay-as-you-go commercial model that will enable them to select different partners on a per competition or per match basis.

Shane Gannon, the Head of Trading Solutions at Perform Group, commented on the new launch by saying that by partnering with some of their trusted RunningBall clients, they have created a solution whereby through one integration, a bookmaker will have choice and flexibility in choosing live odds from top quality odds providers. Gannon added that there is limited flexibility in the in-play price market for smaller to medium sized operators and that they will be providing a unique service as they continue to drive innovative new products to the betting industry.

Three Different Approaches to Daily Fantasy Sports

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Despite the fact that making bets on daily fantasy sports is regarded as illegal in the state of Washington, three lawmakers are currently endeavoring to liberalize the strict laws that could see over a million players in the state being effected.

Sen. Pam Roach feels that harmless “water cooler fantasy-football” leagues which is common in offices and factories, could possibly turn punters into criminals under state law and also feels that it is difficult to enforce the law. Roach leaves no room for daily fantasy sports in her measure.

A bill has been proposed by Roach to allow participation in season-long fantasy leagues with a maximum of 50 people paying no more than $50 to play. Roach classifies these as games of skill and therefore not gambling.

Chris Hurst, another Washington lawmaker, who launched HB2370 in the State House also proposed that season-long fantasy games be permitted but that all other forms be defined as illegal. He also wants the advertising of fantasy sports to be banned and infractions to be regarded as a serious class C felony. Again there does not appear to be much room for daily fantasy sport in his legislation.

Sen. Doug Ericksen, is taking a more liberal line by introducing Senate Bill 6333 which seeks to legalize all fantasy sports games, including Daily Fantasy Sport, by defining them as games of skill and not gambling.

All the daily fantasy sports companies as well as the industry’s trade association are, obviously, supporting and are lobbying for the Ericksen bill.

The British Horseracing Authority Rejects Coral’s Proposed ABP Contribution

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Coral’s proposal to contribute a rate of 7.5% of profits for retail and remote betting activity as part of the national governing body’s Authorized Betting Partners (ABP) scheme has been turned down by the British Horseracing Authority (BHA).

The Authorized Betting Partners scheme was unveiled in October, 2015 and states that bookmakers in the UK that fail to pay an agreed amount in levy contributions regarding digital operations, or are not in possession of a commercial funding agreement, may not be authorized to sponsor races held at tracks owned by Arena Racing Company (ARC) or the Jockey Club.

Betfair and Bet365 have signed up to the scheme and will, therefore, gain access to advantages which include promotional benefits.

The scheme has, however, come under fire from several parties, including Jim Mullen, the Chief Executive of Ladbrokes who stated last month that the strategy is forcing the sport and bookmakers to take “deeper entrenched positions”.

Mullen’s criticism has led to bookmaker Coral, which is due to merge with Ladbrokes later this year, to propose an alternative rate of 7.5% for both retail and remote betting activity, instead of the standard rate of 10.75% that has been set out in the scheme.

BHA has, however, given a negative response to the proposal stating that it would not serve as a “realistic starting point for negotiations”.

Nick Rust, the Chief Executive of BHA, stated that in terms of the future, they will continue to work closely with government as well as all racing’s stakeholders, including the betting industry to ensure that the necessary legislation is put in place to meet all of their needs.

 

Mondogoal and Intralot Sign Daily Fantasy Partnership

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Global daily fantasy football platform Mondogoal is pleased to announce that it has entered into a partnership with Intralot in an endeavor to expand its services into the Italian market.

The new partnership coincides with the launch of Mondogoal.It, Mondogoal’s new Italian-facing website, which is now open for cash and free play to Italian residents.

Although Intralot will be the first global gambling firm to partner Mondogoal, the fantasy football brand has revealed that it is actively seeking similar deals with other firms.

Shergul Arshad, the Founder and Chief Executive of Mondogoal, commented on the new partnership by saying that they are extremely excited to continue toward their vision as the largest global daily fantasy company by launching Mondogoal in Italy. He added that Intralot is the first of their deals with online sports betting sites overseas.

Arshad went on to say that unlike others who talk about integration, they have been heads down executing on this integration. He added that as a Serie A fan and fan of Fantasy Soccer for 25 years, he hopes that many legions of fantasy soccer fans in Italy can now share in the vision and play for fun and for cash.

Mondogoal has gaming licenses in the Isle of Man and the United Kingdom and already partners with several of the world’s leading teams, including the reigning EPL champions, Chelsea FC and the La Liga champions, FC Barcelona.

Punters can simply login or create an account at Mondogoal, add funds and have a chance to win money every match-day by building a formidable starting 11 and competing in a Head-to-Head battle or Multi-User-Tournaments.

New Betstars Sports Betting Site Launches Spin & Bet

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Amaya’s new BetStars sports betting operation has announced that it has launched a unique new sports betting product that sees bettors having an opportunity to win up to 10 times as much when placing a bet.

The new product, Spin & Bet, takes its name and inspiration from a popular Spin & Go poker format that launched on sister PokerStars just over a year ago and gives sports bettors a chance to see any potential winnings being multiplied by up to 10 times the original amount.

Guy Templer, the Director of Group Business Development and Strategy at Amaya, commented on the launch by saying that they are extremely excited by the launch of Spin & Bet, which they believe is set to be the game-changing innovation in sports betting this year.

Templer went on to say that they are convinced that their customers will love the new product as it brings a new and exciting dimension to betting for sports fans around the world. He added that this is only the first in a number of exciting, unique products that they expect to introduce this year to distinguish the BetStars brand from its competitors.

Players can find Spin & Bet on the home page of the BetStars websites and iOS and Android apps.

In order to use the new feature players simply choose their bet from the available markets, enter their stake and click Spin & Bet. The bet will then be placed with the potentially enhanced winnings being displayed by an animation with the result being 1x, 1.5x, 2x,, 5x or 10x. When playing Spin & Bet, 10 percent of the punter’s stake goes towards enhanced winnings.