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THE CONTROVERSIAL BETTING ISSUE DURING THE OUTBREAK OF COVID-19

Frozing all sports tournaments of football, basketball, tennis, MMA,.. due to the outbreak of Covid-19 did not only cause the revenue loss to sports clubs but also other related business firms are affected.

Among all of them, the betting field is one of the most badly-affected field, which used to be considered legal in a lot of nations. According to BBC, the betting revenue in the East Africa has dropped up to 99%.

To settle this problem, many betting markets had to figure out alternative ways to earn a living. In Russia, many betting markets allowed bettors to play bet on events which are not relevant to sports, such as on the topic of when the pandemic-preventive vaccines will be produced. During this hard time, a lot of markets opted for a risky solution for bettors to play bet on rarely-hold plays, or even though they are just.. rehearsals.

This is a real story which took place in Sweden, when all the matches between amateur plays are still allowed, however behind the closed door. To be more specific, during the beginning of this week, this club has been playing for the top 7 tournament in Sweden, which is Skabersjo IF. The team has the rehearsal with Vastra Ingelstad IS. 

Answering the Associated Press News (AP), the present of Skabersjo club – Mr. Mattias Andersson revealed that before the play, there had been a lot of people coming from Hungary, Denmark, England and several Asian countries making contact with their team with the viewing to asking for detailed information, such as the teams’ strategies.

After the match, Mr. Mattias thought that these people might belong to certain football betting markets. Mr. Mattias also revealed that the whole team had been given many threats in field of betting.

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Sport gaming bet

SPORTS BETTING UTILIZES NEW TECH TO A HIGHER LEVEL

Since May, 2018 when the Supreme Court of the United States officially legalized sports betting, it has been a great kick for the sport betting field to create more new high-tech productions utilizing IT. 

On nations in which the amount of money being rotated and spent on illegal sports betting was really huge, up to 150 billion USD per year like in America, the development of a betting app which can successfully make many people involved and bring back a large proportion of profit for various technology firms. Throughout the period of 4 years, WSC firm of Israel is a close business partner of NBA in applying new tech, namely AVGEN (Automatic Video Generator) to create plays’ highlight videos to summarise some remarkable moments of the basketball plays automatically, even after the official competing minutes of the plays. 

These highlight videos provoke the amenities of basketball fans in particular and sports fans in gểnal in predicting new twists and possibility of the plays. It was the success of WSC Sports that generated the driving force for other “big name” of technology firms such as VSiN and Optimove to invest more money on online sports betting. 

While betting on sports has undergone a quick development in the European nations for many years, America is considered to be the ”newbie” name after the Professional and Amateur Sports Protection Act of 1992 (PASPA) was officially cancelled in 2018. This is also the reason why a lot of renowned betting brands in Europe has flocked into the North America to execute important business investment plans. 

These high tech artificial intelligence have helped betting markets to identify exactly the marketing strategies to develop and penetrate into different customers segments based on personal habits, hobbies and trends. 

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Sports Betting

FOOTBALL BETTING: WHICH LESSON SHOULD BE LEARNT FROM SINGAPORE? (TO BE CONTINUED)

In South Asia, football betting is no longer a big deal which has appeared in many nations such as Malaysia, Singapore, Philippines, Vietnam and recently, Cambodia. However, football betting is considered to thrive most successfully in Singapore with the renowned betting firm named Singapore Pools, one of the biggest sponsors for S-League.

The betting activities taking place in Singapore have been legalized since 1968 with the establishment of Singapore Pools. According to the regulations of Singapore Pools, the participators who take part in any types of betting, casinos or lottery need to be at least 18 years old. Nowadays, there are several types of betting which Singapore Pools has been organizing, including football betting, bet on the Formula One Race (F1), 4-Digits (4D), Toto and the latest, Scratchit with the price of 1,2,5 and 10 SGD and Sweep with the price of 3 SGD.

The customers of Singapore Pools can also sign up the golden or platinum PoolzConnect account to play bet or buy “numbers” via telephones. However, the compulsory requirement for players is that they must  be over 21 years old. The golden accounts are opened for foreigners under the financial condition that they must afford at least 250 SGD in their bank account, while the platinum accounts are only tailored for Singaporean. 

In betting on sports, Singapore only puts limit on the minimum bet which is 5 SGD, there is no maximum one. The winner of any plays and bets which rewarded prize is below 5.000 SGD will be given the money via bank account, or via cheque only if the prize is over 5.000 SGD. Singapore government believes that, by this way. taxes on personal income can greatly be under control.

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Sports Betting

Football Betting Tips for Beginners (part 1)

Currently, the demand for betting, online football betting is on the rise. Therefore, the demand to learn football betting experience is also increasing rapidly. And before you enter a bet, you need to understand the rules of the game as well as some experience to improve your chances of winning.

Carefully consider before betting football

No matter what odds you bet on, understanding and calculating the match information is an important job you cannot ignore. This is an important football betting experience, but not everyone knows it.

To be able to study the match, you need to understand the situation of the force, team information, performance and class of both owners and guests. Also, read the research and comments of reputable experts. After a few times, once you get used to it, studying the game will not be too difficult for you.

For example, Manchester United (the team you choose) has a higher level than Leicester City, and MU is at the peak of its form (4 wins 1 draw in the last 5 matches) and has the strongest squad (no players) injured pillars). These are all factors that show the team’s high ability to win.

Also, if your rafters are two teams on a par, find out the confrontation history of both teams. For matches where both teams are on equal footing, you need to pay close attention to the current performance of both teams.

According to the betting experience of the betting specialist, before making a bet, the more information you have, the better your chances of winning. These will be important bases for you to make the most accurate decision.

Do not choose a strong team with a low bet

When betting or rafting, you should not be too eager to bet with strong teams. However, choosing strong teams will help you have more chances to win, because this is easily predictable.

Besides, because it is too easy to guess, the number of people who choose a strong team will also be higher, the rafters will be lower. As researched above, if you gamble in a crowd, you run the risk.

Remember, betting on football is a high risk game. According to the soccer betting experience of the veteran players, split the bet amount, do not put your luck on a specific odds, because you will probably lose it all!