Europe-based bettors would do better without the gambling monopolies.

Right To Bet:

RIGHT2BET has exclusively revealed that throughout the World Cup European state betting monopolies offered their customers, on average, 32% worse odds than those available with private betting companies.

Monopoly customers wishing to back their home nation in South Africa were subjected to 35% worse odds than those being offered by the EU-licensed private sector operators that their governments do not allow them to use.

The startling figures have been revealed in the Right2bet World Cup Report which analysed the odds offered on every World Cup match by seven of Europe’-s biggest betting monopolies, before comparing them to the equivalent prices being offered by other licensed European operators.

The aim of the report was to investigate whether or not Europe’-s betting monopolies were short-changing their customers via the help of legislation which protects their existence and market dominance.

Right2bet is campaigning for the right of all European consumers to be able to bet with the licensed operator of their choice, regardless of the Member State in which they are based.

Right2bet spokesman Ari Last said: “-The figures emanating from this report are quite shocking. Millions of EU consumers who wanted to bet during the World Cup were subjected to hugely inferior prices by the monopolies that their governments strive so hard to protect.”-

“-The protectionist behaviour of certain Member States when it comes to online gambling is a situation that does not conform to the ethos of the single-market, and we hope that the findings of this report will highlight what is undoubtedly an unjust reality.”-

Right2bet World Cup Report key points:

• Monopolies offered their customers 32% worse odds than licensed private operators
• The ‘-Perfect Bettor’- forced to bet with a monopoly would have made €629 less than they would have done if they were allowed to bet with other EU-licensed operators in the private sector
• On average, a monopoly customer choosing to back the ‘-favourite’- throughout every one of the 64 tournament matches would have received 38% less value, while one who chose to back the ‘-outsider’- throughout each game of the tournament would have received 35% less value
• Monopolies offered customers wishing to back their home nation 35% worse odds than private operators
• It is clear from the results published in this report that consumers using online gambling services in the EU are receiving significantly lower value when forced to use a state monopoly provider

Country breakdowns:

• Germany: 48% worse off
• Sweden: 40% worse off
• The Netherlands: 35% worse off
• France: 31.5% worse off
• Greece: 31% worse off
• Denmark: 14.4% worse off

The Euro will fall to $1 within a year. – [PREDICTION]

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A bunch of hedge funds are betting against the Euro.

Via Joe Weisenthal

The United States and the European governments will default on their debt, eventually – dixit Marc Faber. [PREDICTIONS]

Singapore is the safest.

2:15 into


Download this post to watch the video —-if your feed reader does not show it to you.

Via Joe Weisenthal

The road to nowhere – European gambling law from Schindler to Bwin Liga and beyond.. An analysis of European Gambling Law by Niall OConnor

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“-The road to nowhere –- European gambling law from Schindler to Bwin Liga and beyond.”-. An analysis of European Gambling Law by Niall O’-Connor

The journey from the European Court of Justice’-s ruling in Schindler to its most recent ruling in Bwin Liga has been a long one, during which, many lawyers have enriched themselves. Little has actually been settled to date, and many fear that under the leadership of Michel Barnier, that that is unlikely to change.

Addendum:

- Safe and Secure Internet Gambling Initiative

- Right 2 Bet

Are BetFair wasting their time with Right2Bet?

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One commenter:

A case of throwing good money after bad. Ever since the European Court of Justice’s judgement in Placanica, the European betting companies have poured good money down the drain, attempting to lobby the European Commission ( I will not name names). They have also spent a fortune attending conferences, where they have been told by European Law betting experts that the European betting market was going to be liberalised.

On 8 September 2009 the European Court of Justice ruled in the case of “Liga Portuguesa de Futebol Profissional (CA/LPFP) and Baw International Ltd v Departamento de Jogos de Santa Casa da Misericordia de Lisboa.” (”Bwin Liga”). The ruling represented an unequivocal victory as regards the right of state monopolies to exist in the field of gambling, and, moreover, it strengthened the rights of said monopolists vis a vis online betting.

The ramifications from the European Court of Justice’s ruling in the case of “Bwin Liga” are now being felt, with Ladbrokes withdrawning its legal action against the Norwegian State concerning its recent application for a licence, after Norway said it would rely on “Bwin Liga” in its defence.

Anyone who is aware of these facts, would know that Right2Bet is a waste of both time and money. This will be confirmed further when the European Commission gets around to announcing its position (post – Bwin/Liga) vis a vis the actions that it is currently taking against a number of European States.

The game is up. The monopolists and the incumbent operators have won, and the European gambling industry now lacks any significant catalysts (hence Paddy Power’s recent decision to target Australia.)