Tag Archives: waging

World Chess Champ Partnership With Unibet Fights Problem Gambling

Kindred Group brand Unibet continues its sponsorship with five-time World Champion in chess, Magnus Carlsen, and extends its partnership with Offerspill, the Norwegian chess club, founded by Magnus Carlsen.

Kindred Group plc (Kindred) has signed a two years extension of its partnership with the world’s best chess player, Magnus Carlsen through its flagship brand Unibet. The Group also extends its sponsorship of Offerspill, Norway’s largest chess club. Both sponsorships will promote and support Kindred’s long-term ambition to reach zero per cent revenue from harmful gambling by 2023.

“We see great potential in engaging the best chess player of all time, and the world’s highest-ranked chess player, as a global ambassador in the fight to combat problem gambling,” says Nils Andén, Chief Commercial Officer, Kindred Group.

“It is also natural for us to involve Offerspill, Norway’s largest chess club in our work. This partnership is an important contribution to raising awareness of chess as an exciting global sport, while also engaging in the local community in Norway.”

“Just as I have set a hair-raising goal of becoming the first chess player in the world to reach 2,900 rating points, Kindred, as the first global gambling operator, has set itself an ambition of zero revenue from customers with harmful gambling behavior. This is an ambition I would like to contribute to achieving and a message I am happy to support,” says Magnus Carlsen, five-time World Champion.

“In top sports, it is about pushing the boundaries, but at the same time, you have to know your limitations and know when to stop. The same thing is important when gambling; you need to stay in control and know when to stop,” says Carlsen.

“Over the last two years, Offerspill made an impressive effort to lift Norwegian chess to a new level, especially during the pandemic.

Such a boost requires funding, and we are proud to contribute, and at the same time promote our message of safety, sustainability and responsibility in entertainment-based gambling through the club,” concludes Nils Andén.

In 2014, Unibet was the first gambling operator to introduce odds on chess, at the same time as Magnus Carlsen defended his World Cup title for the first time.

Throughout the years, Kindred has also sponsored a number of international tournaments and major championships. Magnus Carlsen founded Offerspill in 2019 and has been a Unibet ambassador since 2020. The same year Offerspill and Kindred Group signed a partnership. Today, Offerspill is the largest chess club in Norway with 400 members. For the Silo, Maria Angell Dupont.

Legalized Sports Betting Is A New Job Market In The USA

A few years ago, on May 14, 2018, the Supreme Court decided to back New Jersey’s bid, allowing any state in the US to legalize sports betting. The Supreme Court overthrew PASPA – Professional and Amateur Sports Protection Act of 1992 –  a law that was supposed to define the legal status of sports betting throughout the States.

However, PASPA didn’t ban sports gambling, it just didn’t permit the states to allow it. Passing the law ultimately resulted in creating an underground virtual monopoly over a multi-billion dollar industry.

Strong Case Against PASPA

The infographic below points out some facts regarding the illegal cash flow in the betting industry before the overturn of PASPA. As it turns out, the government of the state of New Jersey presented a strong case against PASPA, and it seems that participants of the hearings were worried that the law would restrain the States’ rights to raise revenue.

The American Gaming Association estimated that American citizens illegally wager more than $150 billion each year on sports betting. Until PASPA was struck down, Nevada was one of the only four states that permitted sports betting (Delaware, Oregon, and Montana also had an immunity). However, Nevada’s legally wagered money covered up for only a small portion of the total sum wagered on betting activities throughout the States (less than 4%).

Before PASPA was abolished, the Congress had the rights to mandate the forms that intrastate commerce states may regulate. However, by doing so, they didn’t manage to eliminate the sports betting market. They’ve just driven it underground.

New Beginnings Will Bring New Changes

On July 31st, 2018 ,Adam Silver, commissioner of the NBA, has teamed up with MGM, creating the first partnership between a major sports organization in the US and a gambling operator. The goal of this historic partnership is to preserve the integrity of the game and spread the global presence of the NBA.

MGM’s partnership with the NBA is only the next logical step in the development of this potentially booming industry. The process of accepting betting as a part of sports culture in the United States has begun.

The Cash Flow in Gambling is Tremendous

According to Oxford Economics, there is a lot going on under the table. Apparently, the numbers from the report project that the legalization of sports betting could increase the US annual GDP up to $40 billion.

Also, legalizing sports can help the US economy to keep the money within the States and help prevent domestic casinos to go bankrupt. Moreover, the newly-formed legal gambling system could create employment opportunities for more than 125,000 people.

When all of this is said and done, a typical worker in a reformed sports betting industry would have an average salary of approximately $48,000. In fact, this is only the beginning of economic benefits coming from legalized gambling in the US. Advances and technological innovations in online betting services will also have a strong impact on the economy.

A Bond Between Technology and Gambling

The United Kingdom has been the world’s leading online sports gambling market for many years now. UK mobile industry currently covers around 60% of the country’s sports betting market. The UK gambling market should serve as a blueprint for the future of sports betting in the US because mobile betting via smartphone apps would bring billions of dollars worth of revenue.

It is a known fact that technological developments make sports gambling far more entertaining. It’s much easier to place a bet for NBA Primetime Saturday game from your favorite recliner than having to drive to the casino at last minute.

It is only a matter of time before the mobile betting market in the US becomes the world’s largest. This somewhat bold statement doesn’t come as a shock if we take into consideration the potential influence of US powerhouse economy on the expansion of mobile betting industry.

To sum it all up, legalized sports betting in the US is a huge win for the US tax revenue, employment, and the entertainment business. Take a look at the nifty infographic below courtesy of our friends at NJ GamesFor the Silo, Onur Unlu. 

Economic Impact of US Sports Betting NJ Games

Should Fantasy Sports Be Classed As Gambling?

What Fantasy Sports Are PlayedOnline fantasy sport games are becoming increasingly popular in the modern era, with more and more variations on traditional fantasy games. There are now fantasy games for most sports, including but not limited to American football, soccer and rugby union. In particular, companies have latched onto major sporting competitions and offer fantasy games for those events. Most recently, there have been plenty of fantasy games created for the Rugby World Cup, which took place in England and Wales throughout September and October a few years ago.

Traditionally, fantasy sport games have been created purely for entertainment reasons. However, in recent years, a number of fantasy games have been created that require people to pay in order to enter the leagues. DraftKings is perhaps the most famous and widely advertised, and they offer DAILY fantasy leagues on a number of sports, mainly baseball, American football and ice hockey. To enter these fantasy leagues, you need an account and can stake money in order to win funds, which you can in turn choose to withdraw or restake.

It’s a little confusing for the fantasy novice and even more so for those who have been playing old-school free fantasy games for decades. But this new system appears to work, although the amount of skill and ability needed certainly makes it close to gambling. For example, you need skill to play online casino games like Blackjack by 32Red. This is widely recognized as gambling, so why should it be any different simply because it’s linked to an online fantasy game? Many people believe it shouldn’t. Both take up a reasonable level of talent to play, and require funds – in a way, they are incredibly similar.

Furthermore, quite a few people have compared staking money on fantasy football to placing a bet on players to score in real-life sporting events. For example, you can place wagers on Houston Texans wide receiver DeAndre Hopkins on DraftKings but you can also stake money on Hopkins to score a touchdown, rack up ‘x’ amount of receiving yards and other markets at a range of both online and offline bookmakers.

However, many fantasy games are free to enter and don’t require additional funds. The NFL fantasy football game allows players to play free of charge, and users are able to compete in either NFL-managed leagues or custom-made leagues with friends and family members. For American football fans, this is the perfect fantasy game for those players who are more concerned about the enjoyment and having fun rather than winning money – even the NFL teams understand the need for the public to play. It’s a relatively simple website and they also have a downloadable app that can send reminders for changing and setting your line-up.

Most importantly, you don’t have to pay anything. You say have because there is the option to open a league with a prize fund. However, that is a season-long thing and certainly shouldn’t be considered as gambling. There aren’t any fantasy options at websites like 32Red, blackjackballroom, or caesarscasino but you can stake money on real-life American football matches and build accumulators. Fantasy football is an incredibly popular game across the world and free versions will always be welcomed by those who aren’t too concerned about winning money and those who play purely for the enjoyment and excitement of competing against others.

Moreover, soccer fans can access the Premier League’s official fantasy game free of charge, too. Football is one of the greatest sports on the planet and millions of people keep up to date with all of the latest injury news and transfers in the sporting world. The Premier League version could branch out to allow those wanting to stake funds the opportunity to do so, but for now it remains a free game for the masses. As soccer is so universally followed, many have called for the Premier League’s fantasy football game to offer a paid version and it wouldn’t be a huge surprise to see this in the future.

Are paid fantasy games gambling? Well, it depends on a number of key variables and external factors. If you’re staking on a daily basis, playing more because you’re addicted and focused on winning money than for the sheer enjoyment of fantasy sports, then that’s a worry. However, the majority of fantasy users aren’t like that and enjoy placing simple stakes, quite like many of the same people who enjoy playing online casino games such as Blackjack and Roulette. For the time being, there isn’t a huge need to classify fantasy sports as gambling but that could change if fantasy games adopt a similar stance as DraftKings and they all become ‘pay-to-play’ games in the future.


Can Anyone Make Sports Betting Pay?

 If ever you read about any kind of “system” someone is trying to sell you or any kind of sports betting tipping service etc., you’d be well-advised to completely ignore it. If anyone “knew” anything in advance, they wouldn’t be busy trying to sell it to you – they’d be busy making a killing themselves. So please ignore all this stuff.

At the same time there are an increasing number of people around the world making a living from gambling online on various sports – so how do they do it and is it possible for any of us to emulate what they do?

Well first things first – it is possible to make a steady profit at sports gambling if you’re balanced and determined enough and, crucially, you understand value as a concept and have a niche knowledge in some way.

So what do we mean by value as a concept?

Well simply put, you need to have a feel for the study of mathematical probabilities and the way that even small margins can result in one side of a wager winning very large amounts over time. After all, it’s this simple principle on which the whole of the worldwide casino industry (whether online or real) is built. They call it the house edge.

So let’s consider roulette as a simple option. Roulette comes pretty close to giving gamblers an even chance in European versions of the game anyway when there is just the one “zero” slot. This means that you have a 48.6% chance of doubling your money if you select red or black, or odd or even numbers etc. 

36 Years ago, almost to the day.....Kenny Rogers released The Gambler- click on the image above to learn more.
At the time of this article being published it was 36 Years ago, almost to the day….. that Kenny Rogers released The Gambler- click on the image above to learn more.

Conversely, it means the house (i.e. the casino) has a 51.4% chance of winning. And just that small percentage – the house edge – is sufficient when enough gamblers gamble long enough. It’s inevitable that the house will steadily profit – so the more players it gets, the bigger those profits are. There have been some big individual winners in casinos over time – but the really big winners are the casinos themselves, courtesy of that small percentage difference. That’s all it takes to make millions upon millions if you can get enough people to play with enough money. The laws of probability do the rest.

This is what we mean by value as a concept. So to overcome the edge, you have to have your own edge. And this usually means either an in-depth knowledge of a sport or some kind of information that the rest of the market hasn’t woken up to yet.

So look for opportunities in one-to-one situations mainly – where you think the wider market’s odds don’t reflect the actual chances of real-life events. You’re more likely to be able to spot these if you know a minority sport inside out. This will give you the kind of edge we’re talking about here –though you also need to understand value.

Let’s look at one specific example, then, of a sport that is big in some other countries but not here in Canada. In some niche areas like gambling on rugby league with exchanges like Betfair – a detailed knowledge and the ability to analyze a game can really help. In Canada, of course, rugby league is a relatively tiny minority sport, but in both the UK and Australia that is not the case at all. In these countries, gambling on the sport is huge business – often via handicap betting where the odds are slightly less than even money, but one of the teams is given ‘X’ points start to even things up in the eyes of the market anyway.

The fact that rugby league is such a minority sport in Canada though, gives expert punters here a real edge – on games in the country. And that’s all any of us can hope to do – get a small edge on the market. That’s because making a steady profit at any form of gambling is a very tough thing to achieve – so even with the exchanges markets where the odds are slightly better than with the bookies, you still need to overcome the five per cent commission charged by the exchange betting website on each and every winning bet.

It’s rather like one of those old fashioned “penny falls” machines you see in amusement arcades where some of sliding off the side each time 

the cash (in this case around five per cent) is into the proprietor’s coffers. In other words, if you keep gambling away and the market has the odds perfectly right all the time, then you are sure to lose gradually over time. In fact, to be specific, you’ll lose five per cent steadily – obviously.

So not only do you need to understand your niche sport inside out – but you also need to be shrewd and understand the whole concept of a true ‘value’ bet. This may sound obvious but it isn’t in practice as people are swayed by the market. But there’s one neat trick which is a really easy way around this “sway” problem and it’s this; always try to come up with your best educated guess of the likely odds of any market you feel you know pretty well before looking at the actual odds. Then – and only then – take the odds when you see that they’re markedly bigger than you think they “should” be.

Sports Gambling and Betting

This neatly gets around any extraneous external factors – and helps clear your mind of any market-driven bias in ignorance of what the market has actually made of it. Remember that you will have to be contrarian to make money over a long enough period of time at this game. Otherwise – if the market always called the odds on everything just right, there would be theoretically no room for the professional gamblers to make money – yet there are plenty people doing just that. And they all either have a system, or an in-depth knowledge of their chosen markets that has been tried and tested and is proven to beat the rest of the market over time – or they have a little of both of these things. You cannot win by being the same as everyone else – that’s a given.

Just remember that if you think you have what it takes – to trial and trial again your ideas with tiny amounts of cash only at first – whilst treating that amount like its 100 or 1,000 times as much. For the Silo, Claire Siblot. Online Media Relations Specialist. Leeds, UK

The Latest Odds On F1 Drivers Championship

If you’ve been paying attention to the races so far, it’s no surprise the United Kingdom’s Lewis Hamilton (team Mercedes ) , Finland’s Valterri Bottas (team Mercedes) and Germany’s Sebastian Vettel (team Ferrari) are poised to battle for the crown and the odds continue to get more interesting.

Back and Forth

Hamilton, a 3 time F1 crown winner, currently sits with a 28 point lead after winning the race in Singapore. It’s a slim lead and until the last two races, Vettel was the front runner in points.

It’s this sort of drama and excitement that makes F1 an edge of seat experience. Wagering on one factor alone does not necessarily mean a sure cash in. In Singapore a mistake at the starting line left Vettel, a 4 time F1 crown winner,who had the Pole Position, unable to finish and pointless. This can only mean added pressure as he chases back the lead- one that he held over Hamilton for most of the 2017 season.

Valterri Bottas is not to be taken lightly. Two weeks ago he was rewarded by Mercedes with a contract extension for his consistently impressive driving this year- having won both the Austria and Russia GP. Complicating matters is the fact that he is a team member of Hamilton’s and considered a very fair and sportsmanlike driver. Will he help Hamilton win if he can’t close the gap and compete for the crown? Here’s the latest odds from Sports William Hill.

Not Long to Go

There are only 6 races to go- with the last ever Malaysian Grand Prix coming up next. That is most certainly a favorite track of Vettels and a race he has won 4 times.

Starts below are in Toronto, Canada local time.

Click me for latest odds!

Malaysian Grand Prix, Kuala Lumpur ( 2.7601, 101.7370)   Next 1 October 03:00
First Practice Session, Malaysian Formula 1 Grand Prix Kuala Lumpur (2.7601, 101.7370) 28 September 23:00
Second Practice Session, Malaysian Formula 1 Grand Prix Kuala Lumpur (2.7601, 101.7370) 29 September 03:00
Third Practice Session, Malaysian Formula 1 Grand Prix Kuala Lumpur (2.7601, 101.7370) 30 September 02:00
Qualifying Session, Malaysian Formula 1 Grand Prix Kuala Lumpur (2.7601, 101.7370) 30 September 05:00

Japanese Grand Prix, Suzuka ( 35.3689, 138.9256) 8 October 01:00

United States Grand Prix, Austin ( 30.1328, -97.6411) 22 October 15:00

Mexican Grand Prix, Mexico City ( 19.4028, -99.0986) 29 October 15:00

Brazilian Grand Prix, Sao Paulo ( -23.7014, -46.6969) 12 November 11:00

Abu Dhabi Grand Prix, Yas Marina ( 24.4821, 54.3482) 26 November 12:00

 

In The United Kingdom, Toronto Blue Jays Makes Canada Tourist Target

In the era of social media, it only takes a few seconds for a picture to change the world. Photographs shared on sites like Facebook, Twitter, Instagram and Pinterest can shape public opinion in seconds, which has huge implications for politics, marketing, and social campaigning.

Last week, amongst the many iconic images doing the rounds on people’s timelines and newsfeeds, one from the world of sport stood out: the shots of Jose Bautista tossing his bat after hitting a game-winning home run in the Toronto Blue Jays’ 6-3 win over Texas Rangers.

The image at the top of this article summed up the passion and emotion that are hallmarks of Bautista’s style of play, and drew attention to the fantastic entertainment that the Blue Jays’ campaign in the American League Championship Series has provided for millions of loyal fans.

Anyone who glimpsed the photos and dug a little deeper into the backstory would have learned of Bautista’s brilliant performance in a do-or-die game for the Jays. The contest was full of drama and controversy, disputed calls, crucial errors, and brilliant baseball.

In countries like the UK, where baseball barely registers on the radar of most sports fans, moments like this can be pivotal. All of a sudden, legions of sports fans sit up and take notice of what’s happening overseas, and some of them fall head over heels in love.

image: tsn.ca
image: tsn.ca

All it takes is a performance like Bautista’s to send sports fans into action. Some of them will be slow burners, taking note of the Blue Jays’ progress over the years before gradually developing into full-blown fans. Some will use their newfound interest in baseball as part of their sports betting strategy. Sports betting is huge in Europe, and many avid gamblers relish the opportunity to gain an advantage over bookmakers and place bets on the less-talked-about sports at online destinations like Bet365 and others.

Then, there are the sports fans who will take drastic action when they discover a new sport that they enjoy. These are the superfans who will go straight to the Blue Jays’ online store, immediately buy themselves a jersey, and then book themselves on the next available flight to Toronto in time to catch the very next game taking place at Rogers Centre.

Sports tourism is a huge industry, and was cited as the fastest growing sector in the global travel and tourism industry back in 2008, accounting for $600 billion – or 10 per cent – of the international travel tourism market.

Sports clubs and franchises have cottoned on to this, and are employing marketing managers who are wise to the power of social media to gain new fans overseas and bring them flocking to the stadiums and stores where they will spend their money and contribute to the club’s coffers.

Baseball is some way behind sports like football, which have been successfully exported to Europe through initiatives like the International Series, which sees a number of NFL games played in London each season.

Europe lacks the stadiums and infrastructure to support a similar export of baseball, but that certainly won’t stop clubs like the Blue Jays from reaping the benefits of the new fans who will support the club from afar if they continue to send powerful messages around the world via the web. For the Silo, Keith Allison