Tag Archives: GBP

The Alderney Gambling Control Commission: you follow the rules but you still don’t get paid. Why bother with regulation at all?

Posted on July 31, 2008 by Caruso

Online gambling regulation by accountable governmental bodies is a good thing for one reason and one reason alone: it offers protection to the player. There are many reasons why it’s good for the industry in terms of profit and image, … Continue reading →

Posted in All Guest Authors's Posts, Betting, Ethics, Gambling, Regulations | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | 15 Comments

Excerpts of the BetFair’s answers to their traders’ questions

Posted on July 23, 2008 by Chris F. Masse

About the new bet-matching logic: It’s not clear why you believe that the majority of those customers who use Betfair’s forum are unhappy about the introduction of the improved matching logic. The sport this will most significantly benefit is football … Continue reading →

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Malta Lotteries And Gaming Authority: the non-regulating regulator

Posted on July 4, 2008 by Caruso

The Malta Lotteries And Gaming Authority is the governmental body whose job it is to oversee and regulate all gambling operations located in Malta. The 2004 Remote Gaming Regulations represents the governing legislation, and it includes the following encouraging clause: … Continue reading →

Posted in All Best Posts Ever, All Guest Authors's Posts, Betting, Ethics, Gambling, Regulations | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 23 Comments

How to make a MILLION POUNDS on the rotting corpse of David Davis’s political career (to be used for ethical purposes only)

Posted on July 3, 2008 by Guest Author

1). For the form guide in this two-horse race, please see: a). THE PRESENT (SHAN OAKES, GREEN): http://shanoakes.blogspot.com http://shanoakes.typepad.com http://www.facebook.com/group.php?gid=33635377720 b).. THE PAST (DAVID DAVIS): http://www.daviddavisforfreedom.com 2). Mainstream bookmakers such as Paddy Power are not currently putting prices on the … Continue reading →

Posted in All Guest Authors's Posts, Analysis (Market Calls), Exchange Genesis, Exchanges & Markets, Politics | Tagged , , , , , , , , , , , , , , , , | 20 Comments

Is Big Brother being fixed in Great Britain? And are the alleged fixers using BetFair to make a fast buck (or “quid”, as they say in the U.K.)?

Posted on May 31, 2008 by Chris F. Masse

Via Ed, The Daily Mail: The Daily Star reveals that some punters are set to earn more than half a million pounds after a total bet of £971 was staked via BetFair on Nikki to win at 1000-1 shortly after … Continue reading →

Posted in Betting, Ethics, Exchanges & Markets, Market Prices & Probabilities | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

He asks questions; you’ll provide answers.

Posted on May 29, 2008 by Chris F. Masse

I would like to ask the U.S. contributors to Midas Oracle what they would make of a prediction market for the 2012 Democratic nomination where one contender was backed heavily, at any price, despite losing every single primary heavily for … Continue reading →

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Has BetFair a little part of responsibility in the collapse of the Kieren Fallon trial (which cost British taxpayers £950,000)?

Posted on May 22, 2008 by Chris F. Masse

BetFair actively report betting that appears to them out of the ordinary. And, if any sport regulator has concerns, then BetFair provide them with additional information. BetFair, of course, has no say in whether a criminal offense has been committed, … Continue reading →

Posted in Betting, Ethics, Exchanges & Markets, Regulations | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | 4 Comments

The BetFair–Fallon debacle cost British taxpayers £950,000.

Posted on May 18, 2008 by Chris F. Masse

Jesus. Thank God I don’t pay my taxes in the UK. I’d be furious at BetFair and at the British Police. – NEXT: Has BetFair a little part of responsibility in the collapse of the Kieren Fallon trial? -

Posted in Exchanges & Markets, Regulations | Tagged , , , , , , | 3 Comments

BetFair’s message to the UK’s Gambling Commission on betting and the integrity of sports

Posted on May 10, 2008 by Chris F. Masse

Via Medemi (109 comments on their thread, and still growing), BetFair (PDF file): 3 August 2007 Integrity in Sports Betting Issues Paper Consultation Co-ordinator Gambling Commission Victoria Square House Victoria Square Birmingham B2 4BP Dear Sir/Madam, INTEGRITY IN SPORTS BETTING … Continue reading →

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BetFair is experimenting a phenomenal revenue growth with sports prediction markets, as I am typing this post. Maybe our good friend the “pragmatist” could look into that, and report his research findings to the CFTC. I’m sure he’ll do. The delicious sound of a red-hot cash register, with the dollars (or here, pounds) pouring in like the Niagara falls —that’s “pragmatism” in its purest form, to me.

Posted on May 9, 2008 by Chris F. Masse

BetFair’s bet matching process stopped for one full hour on May 7, 2008, and their P.R. people are over-apologizing for it. They are apologizing for the problem, and for their slow response to affected customers —good move. They are also … Continue reading →

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