Can the blockchain improve your sports betting outcomes? In 2018, sports bettors may no longer have to wager under the neon lights of the Las Vegas Strip or on offshore online betting sites to bet on their favored sports team. Nationwide, Casino and mobile sports betting operations are gearing up for business in the hopes the Supreme Court’s highly anticipated ruling on legalizing sports betting gets approved in June. Among the new sports betting solutions, blockchain sports betting platforms offer sports gamblers the opportunity to improve their odds and prognostications with functionality currently enjoyed by the professional trader. The best sports betting odds Sports bettors improve their returns by seeking out the best odds. Since odds can vary across different platforms, many stakers sign up to several betting platforms to shop around for the best deal. Odds aggregators such as Oddschecker are streamlining the process by pooling odds across the major sports games, but … [Read more...] about This blockchain sports betting platform improves betting odds
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If you’ve ever been tempted by a flutter, you’ll know how bookmakers and casinos stack the odds against you. The clearest example is roulette, where there are 36 red and black numbers plus the green numbers 0 and (in the U.S.) 00. So that’s 38 possibilities in total. When betting on red or black, the odds of choosing correctly are 18/38, and a fair payout for a $1 stake is $2.111. However, the house pays only $2 and keeps the difference. In that way, it guarantees itself a profit. A similar bias occurs in bookmakers’ odds on horse races, soccer, and every other sporting event. The bookies always ensure that the odds are in their favor. But setting these odds is harder than those for roulette because the calculations are trickier.And that raises a tantalizing possibility. Is it possible to come up with a better way to calculate the odds, and thus beat the bookies? Today we get an answer thanks to the work of Lisandro Kaunitz at the University of Tokyo and a … [Read more...] about The Secret Betting Strategy That Beats Online Bookmakers
It’s nearly impossible to win money betting on sports, and that’s by design. Whether it’s online or at a casino, the bookmakers who set the betting odds for sports gambling have an array of statistical tools at their disposal to ensure the numbers are always in their favor. But they also have to account for the human factor, and this is where a team of scientists came up with a way to use the bookies’ own calculations against them.Researcher Lisandro Kaunitz of the University of Tokyo and a few of his friends from around the world devised a mathematical system that let them consistently make money betting on soccer games online. The MIT Technology Review has all the details on the system they used, but to understand it, you have to know how sports betting actually works.When bookmakers set the odds on a particular match, they use historical data and sophisticated analysis to predict the most likely outcome, and then set the odds of a win, loss, or draw … [Read more...] about These scientists beat the bookies — until the online casino shut them down
The U.S. government has taken a dim view towards online gambling since the passage of the Unlawful Internet Gambling Enforcement Act in 2006. Now, two online poker companies operating outside the United States — PokerStars and Full Tilt Poker — have reached a settlement with the Justice Department totaling some $731 million — and customers will be reimbursed for money they had on deposit. Although the companies don’t admit to any wrongdoing, the settlement resolves charges they effectively engaged in money laundering to accept illegal bets, and potentially clears the way for PokerStars (which is surviving the deal) to resume operations in the United States — if — or more likely, when — Internet gambling becomes legal.Boom…Prior to 2006, Internet-based gambling was effectively legal in the United States. Although the Federal Wire Act from 1961 prohibited transmission of sports betting information using telecommunications services, in 2002 … [Read more...] about Could online poker in the U.S. still have an ace up its sleeve?
888 Holdings announced last week that it had become the first Internet gambling company to be awarded a license to operate in the U.S., possibly opening the door to further online betting opportunities in the States.With its new license, granted by the Nevada Gaming Commission, 888 could launch an online gambling offering in the state.It would be the first such offering since Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006. The new law sent companies such as 888 fleeing elsewhere to conduct business.888's new license is one of the signs of a shift in public opinion about online gambling in the U.S., however. Many cash-drained states are eager for the tax revenue that can come with Internet betting sites.In addition to Nevada, Delaware and New Jersey -- home to casino hub Atlantic City -- recently passed legislation allowing online gambling.Neither 888 nor the Nevada Gaming Commission responded to our request for further details. With a subtle shift in … [Read more...] about 888’s Nevada License Could Usher In New Era of Online Gambling
Looking for a franchise opportunity? The World Wide Web is overflowing with Internet-based businesses for sale.An online search of the term "Internet franchising" will reveal dozens of Web sites promising both online business and franchise opportunities in a variety of Internet-based companies. The listings go on and on. They include the promise of success and fortune for every conceivable type of business.However, just as prospective franchise signers should not plunk down thousands of dollars based on a newspaper ad, would-be entrepreneurs should also not be too hasty to click their way to online storefront ownership.Getting involved in an Internet franchise could be riskier than surfing the Web without a firewall. A safer approach is to investigate short-term, renewable partnership affiliations rather than more costly franchises."Partnerships work better on the Internet. I don't see why franchises exist," Thomas Harpointner, CEO of AIS Media, told the E-Commerce Times. … [Read more...] about Internet Franchising: Sure Bet or Risky Business?
The U.S. Department of Justice unsealed an indictment against the principals of a series of online sports betting sites on May 23. The defendants, Darren Wright and David Parchomchuk of British Columbia and Ann Marie Puig of San Jose, Costa Rica, were charged with conducting an illegal gambling business and money laundering in violation of the laws of the State of Maryland.Homeland Security Investigations opened an undercover payment processor business ("Linwood Payment Solutions"), which collected funds and distributed winnings to/from the defendant websites and transferred those funds to offshore foreign banks. The undercover payment processor processed over 300,000 gambling transactions worth more than US$30 million for the defendants between December 2009 and January 2011.The defendants' domestic and foreign bank accounts, together with their domain names (Bookmaker.com, 2Betsdi.com, Funtimebingo.com, Goldenarchcasino.com, Truepoker.com, Betmaker.com, Betgrandesports.com, … [Read more...] about TECHNOLOGY LAW CORNER US Levies More Charges Against Online Betting Sites
Best Buy said Monday it would buy out Carphone Warehouse's (CPW) interest in its North American Best Buy Mobile business for US$1.3 billion. By purchasing the CPW stake, Best Buy is trying to shift more of its focus to mobile devices. Best Buy has asked CPW to stay on in a consultancy capacity for up to five years.With sales of TVs and other electronics lagging, Best Buy is going to try for some revenue oomph by leveraging its position in the mobile device market. Killing its European expansion and juicing up its services portfolio may also help.This year Best Buy will also close all 11 of the big-box stores it currently operates in the UK. The stores were launched in April 2010 as an experiment, but over the past year, they have become a drain on the company's financials.Best Buy also announced Monday an agreement to acquire the IT and cloud services company mindSHIFT for $167 million. The mindSHIFT purchase will snug neatly with Best Buy's Geek Squad services to small- and … [Read more...] about Mobile Device Sales May Be Best Buy’s Best Bet
Google on Monday rolled out an online payment service that's designed to accelerate the online checkout process.While the new offering isn't quite Amazon One-Click, it will eliminate many of the annoying steps that can slow down the online purchase process and often result in abandoned shopping carts.Pay with Google uses address and credit or debit card information users provide to Google to speed them through checkout. Instead of a merchant collecting that information from the customer, it's sent behind the scenes by Google.Google has called on website and app developers to incorporate Pay with Google into their creations."You can implement it with just a few lines of code, and it's free -- we don't charge any transaction fees," said Pali Bhat, Google's vice president for payments products.Google understands that it takes more than an application programming interface and a service to create a critical mass of users, said Rajiv Dholakia, vice president for products and business … [Read more...] about Google Aims to Turbocharge Online Checkout
Once called an “experiment” by prognosticating pundits in the past, live streaming TV has captured the attention of a wide audience, with SlingTV, YouTube TV, DirecTV Now, PlayStation Vue, and Hulu with Live TV all attempting to capitalize on the cord-cutting phenomenon. Channels and hit series that were once strictly bound by the confines of a cable subscription can now be accessed for a small monthly fee with no contract, no equipment rentals, and no crappy customer service to deal with. There’s never been a better time to kick cable to the curb. Not everyone is cut out to be a “cord cutter,” though. Ditching cable or satellite service and the bill that goes with it sounds great in theory, but it’s not something you want to rush into without doing a little research and preparation first. As with most things, there’s a right way to go about cord cutting, and then there’s the way that sends you back to your … [Read more...] about Cord-cutting 101: How to quit cable for online streaming video