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Euro 2016 Causing Major Betting Spike in China

Sunday July 3,2016 : EURO 2016 FOOTBALL CAUSES MAJOR ONLINE BETTING SPIKE IN CHINA
 
Despite multi-million dollar busts by the polkice, Chinese punters continue to find a way to wager.
 
The Euro 2016 football championship in Europe continued to generate intense Chinese betting interest this week as the quarter finals approached, creating a spike in illegal online gambling despite major police gambling ring busts and crackdowns on suspected gambling activity by technology and ecommerce giants Alibaba and Ten Cent.
 
The Reuters news agency reports that groups of friends have been using Wechat for friendly wagers, paid out through Alibaba-linked Alipay, WeChat or red packets… digital versions of traditional envelopes stuffed with cash.
 
Chinese police say they have seen a surge in illegal gambling online. In a single bust last week, police in southern Guangdong province arrested 147 people and froze funds worth nearly 100 million yuan ($15 million).
 
Tech giants Alibaba and Ten Cent say they have specific tiered systems designed using behavioural patterns to identify and halt suspected gambling, and that these are backed by human monitoring. A spokesman said that more staff are being added to counteract gambling.
 
Tencent said it is doing more to stamp out gambling on its platforms like WeChat, including restricting groups suspected of gambling behaviour and punishing individual account holders. It said it has put limits on more than 8,000 WeChat groups, and has limited the payment and red packet capabilities on more than 6,000 accounts.
 
Reuters notes that a soccer investment boom in China has helped propel interest in the game. Chinese firms have invested in overseas clubs, player agencies and media rights firms, and global soccer stars have moved to China in multi-million dollar deals.
 
"With the European Cup everyones betting on soccer, but also over the last couple of years Chinas soccer market has developed rapidly. Big investments and star names create a real lure," Hu Naijun, an assistant professor at the University of Science and Technology Beijing, told Reuters.
 
The anonymous organiser of an online gambling group told the news agency that he and four other organisers had a pot of 5 million yuan ($750,706) and that dozens of people would join for each game.
 
"In one night there will be millions placed in bets," he said, adding it had become a lucrative business. "For the final, well probably go to Macau or Hong Kong and spend the whole week in the presidential suite."



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NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

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