Betfair Wins German Online License

Betfair, the world’s leading betting exchange, is thrilled to announce that it is one of three commercial betting companies to be awarded licenses for web-based sports bets in the German state of Schleswig Holstein. These licenses are all valid until the year 2018.

Analysts at Barclays are also very happy with the news which they view as an impressive positive for the company as it will result in eroding the bear case on the stock that Betfair would not be able to get licensed outside of the UK.

Betfair had to date not succeeded in setting up its betting exchange in any other country despite the fact that it operates fixed odds, poker and casino products in international markets. It was thought that Germany would not be an easy market to break into due to the governments attempts to do all it could to block private gaming companies from setting up in the country in order to protect state-owned bookmaker, Oddset.

The 20pc of gross gaming revenue that Betfair will derive from Germany and pay to Schleswig Holstein in tax rate is much lower than had been expected by a number of market observers.

An analyst at Morgan Stanley, Vaughan Lewis, stated that 23 more sports betting license applications and 14 online gaming license applications have been received by the Interior Ministry of Schleswig Holstein.

Head of Betfair’s central European operation, Peter Reinhardt, feels that the decision is a good day for consumers, providers as well as for sport which receives tens of millions a year from German states’ taxation on gambling services.

Novelty Betting on One Direction Boyband

One of the hottest boybands is currently One Direction and this group has triggered numerous betting markets at leading online sports betting sites across the UK.

The five talented men in this British-Irish band consist of Harry Styles, Louis Tomlinson, Zayn Malik, Niall Horan and Liam Payne. One Direction finished third in the seventh season of the X Factor UK.

“What Makes You Beautiful”, One Direction’s September 2011 debut single, reached the top of the UK singles chart and was the third fastest selling single of 2011. Their first album, “Up All Night” reached number two on the UK Albums Chart.

Fans of the group follow them on Twitter and through their Facebook page and these fans who would like to make some pocket money while following the band can check out the various betting markets opened at sports betting sites.

Paddy Power, the popular Irish sports betting and gambling group, is offering novelty betting on One Direction with betting on markets such as “the first of One Direction to become a dad” and “the highest US chart position in 2012” being offered.

Odds on the First of One Direction to Become a Dad –

  • Harry 2/1
  • Louis 9/4
  • Zayn 7/2
  • Liam 4/1
  • Niall 4/1

Odds on the First of One Direction to Marry –

  • Louis 7/4
  • Liam 5/2
  • Niall 3/1
  • Harry 5/1
  • Zayn 5/1

Despite having been involved in a car crash after a performance in Birmingham this week that left three members requiring treatment for whiplash which resulted in severe headaches and spinal pain, the group decided to continue with their performance the following evening in Plymouth as they did not want to disappoint their fans.

Sports Betting – Finding the Right Timing

“When you should I place my bet?” is a question that every sports bettor has asked at one point or another. The timing does not matter as much as other aspects may, but it’s something that you have to deal with each time you place a bet so it’s better to get the matter out of the way before anything. Consistency is important, after all, in order to be a good sports bettor. [Read more…]