Irish Oddballs Get Cracking New Online Betting Odds Innovations

Posted by Gambling News | Gambling News,Sports Betting News | Wednesday 15 May 2013 9:10 am

It is a pretty bold move, getting betting online started up in the 21st 6 Century. Although this is still a growing industry, there are many firms who have years of experience behind them, but Irish firm Oddball seems to think they have a chance to get in to this industry, and make it big. They have a lot of competition to deal with – for example Irish betting firm Paddy Power – is supposedly more liquid than the Bank Of Ireland.

This new company however does not seem to be perturbed by the success of this live and online gambling giant, and seem determined to "shake up online betting", according to the press release.

Oddball is a start-up company, which founder Eanna O Hiorua, expects to be fully launched by June of this year. It has also be emphasised that Ó hIorua seems determined to corner at least a 10% share of the overall Irish online betting market by the year 2015. He is a Dublin City University graduate in engineering and business studies, who developed the Oddball.ie concept himself. His own maths algorithms have been used to create a fluid odds system, which allows for better odds, and we have to admit that we all like the idea of better odds. He believes this system will control the exposure of the business, and thereby avoid adverse outcomes. We are not really sure what this technical-ese means, but it certainly seems to be technical.

Explained in lay-men’s terms, this online gambling concept is a new maths-based move towards to bookmaking. They basically adjust the odds more frequently which reflects their liability on certain events, and it is this which attracts punters who offset this liability. The knock on effect is what they have labelled "fluid odds", and O Hiorua believes that these results will be more attractive to punters. In other words they will be able to offer better odds deals than their competition.

The new company was started by O Hiorua, after being made redundant. It is based in Dublin – Glasnevin – and Oddball already employs three people full time. It is licensed in Ireland, and apparently the business has only set it’s sights on the Irish market for now. However, the one thing we all know is that any business online, tends to end up being business without borders.

There is a website set up already, running in test mode – Oddball.ie – where users are able to place virtual bets free, just for fun. Weekly Prizes are already being awarded to savvy tipsters who are willing to test the product. According to those who have tried it out, this is a simple design of website, which also loads well on the WWW as well as on Smartphones. The company is currently seeking investors.

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All Slots Casino Partners With BETFUZE In An Exclusive Sponsorship Deal

Posted by Gambling News | Casino News | Friday 10 May 2013 10:06 am

All Slots Casino is one of the favourite online gambling brands for many UK, and European-facing fans of these real-money games. This b rand has also recently announced a sponsorship deal with the BETFUZE Mobile Platform, which makes them an exclusive partner with one of the most innovative software platform for mobile gambling. The new platform is expected to have launched by late Spring 2013.

Mobile gambling for real money, to win real money prizes, has become one of the trendiest ways to play these games online today. BETFUZE is actually a sports betting specialist developer, but the new mobile platform will facilitate the playing of online casino games, sports betting, and multi-player poker on the go.

As well as being sponsored by All Slots Casino, the new mobile platform will also be sponsored by some of the biggest names in the British biz. At this point in time the names being dropped are Coral, William Hill and Ladbrokes. But currently the deal between BETFUZE and All Slots is still exclusive.

David Brickman who is the VP of All Slots Casino, had to Say about the new deal – that they are proud to be partnered with a product that they know is one of the most innovative platforms they have ever had the pleasure of seeing. Not only for this brand, but mobile is going to continue to be one the strongest growth channels seen in the online gambling genre for years. It makes good sense to have a great mobile gaming platform.

They believe the product is cutting-edge, and will help redefine how players relate and interact with their on the-go gaming experience. Obviously the product will also fans of the site take their gaming with them wherever they go; to be played whenever the mood happens to take them.

The mobile platform concept was built together by both partners, and is destined to raise the bar in terms of technological advancement, as well as quality of design. Paul McNea who is CEO as well as co-founder of BETFUZE says that their sponsorship partners have assisted them to develop the most sophisticated platform if its type available world-wide today.

The technology however, is only one side of the story, what they are truly looking for is high levels of client engagement. Working with some of the leading UK and European gambling concerns has meant that they can ensure seamless integration across a wide range of systems. The BETFUZE system has evolved into a fusion of facts, sentiment, contextual detail, and a wide range of diverse data to offer the player a techno rich, friendly user experience. Personally speaking, we can’t wait to give it a whirl.

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The Online Gambling Industry Moves On – But What About British Bingo?

Posted by Gambling News | Bingo News,Gambling Industry News | Tuesday 7 May 2013 9:01 am

The online gambling industry is still moving in the right direction, and this direction is up. In other words the industry is still generating a great deal of turnover, as well as showing positive growth. It is considered to be a mainstream industry, and has become vital to the financial welfare of quite a few small, as well as politically independent nations that are close to the UK.

These are the offshore sites where servers for online gambling sites are licensed and kept, which has had the knock on effect of investments in infrastructures which maintain sizeable internet operations. These are regulating and licensing jurisdictions which have opened their doors to the industry in return for lower taxes. The result of this is that most online operations – even the big guys like William Hill, have taken these ops out of the UK and re-located them to places such as Isle of Man, Gibraltar, Malts, Alderney, and more recently Jersey in the Channel Islands.

Small, politically independent states such as these have come to depend to a great extent on the taxes the industry generates, as well as the employment, and growth opportunities it creates. While the online gambling industry does have its ups and downs, it also has an astonishing ability to roll with the punches. Many of the well-established online gambling concerns have had to reinvent themselves. And have done so in their efforts to survive, but what about British land Bingo, it seems to be taking a turn for the worse?!

There have been some serious changed in the gambling industry when it comes down to British tax law. And the one industry that appears to be worst affected is that of bingo. New taxes have been imposed on certain activities run by these business, which sees a recent hike to 20% on slot games in bingo halls. This poses a serious threat to the industry as a whole, but is an even bigger problem for smaller concerns.

Things started to go pear-shaped for this industry around 2005, and since then 150 of these clubs have closed down.

There is a real concern that this game may go completely extinct, which is rather sad rally considering it has become a big part of British culture. We have the Chancellor of the Exchequer to thank for the demise of this Great British game, as things stand now George Osborne could be the one to go down in history for killing the game. Bingo employs 13 000 people, but this also seems to mean nothing to him.

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EU Wants Common Platform For The Regulation of Gambling Online

Posted by Gambling News | Gambling Industry News,Gambling News | Friday 3 May 2013 1:07 pm

It is no secret that the European Union finds the online gambling industry to be problematic . But the problems actually don’t lie with the industry, it is in the way EU countries just do their own thing with regards to trading regulations. The EU is committed to a policy of free trade within the Union, but there are all kinds of issues that come into play, so individual countries tend to make their own laws regarding the industry.

One of the chief concerns of many EU partner countries is the problem of match fixing. So, they attempt to put an end to corruption in sports by stopping activities such as online sports betting, and it is this that affects industry players. While the European Union themselves battle with the case of creating a unified, or rather, common, platform for operators in the Internet gambling biz.
The real problem seems to be that the gambling sector is vulnerable, so protection, as well as stamping out corruption is the EU’s main points of focus.

There has also been a great deal of deliberation surrounding inconsistencies in the rules that apply to online gambling ops within EU member nations. We have seen evidence of this in Belgium, Germany, France, and other member states. These states seem determined not to come to the party in terms of this industry.

Their actions have been seen in the light of a monopolistic approach, and this

goes against the basic mandate of the European Union – that fairness and free e-commerce is an integral part of the structure.

The European Commission has requested industry input, and responded with an action plan, however, this has made very little difference to the way in which certain countries respond. Despite the fact that Michel Barnier – the EC Commissioner for internal trade has called for member states to fulfil their obligations, they simply go their own way.

Apparently there are five areas in which increased cooperation is required, but Mr. Barnier has also mentioned that the EC is “not proposing EU-wide legislation on online gaming”. However, they are still proposing that a common protection principle be adhered to, as well as requesting that all member states follow an across-the-board set of actions.

It is obvious that both the EU and member states have concerns such as underage gambling, cheating in sports, and money laundering, but these issues should not be used as an excuse for monopolistic gambling practices to take place. Age verification technology and other tools to protect the vulnerable have become highly sophisticated – operators in regulated jurisdictions are visibly making use of these. However the new EC action plan wants advertisers to be more responsible too.

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