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Sports: Bookies lose Punters had better info than the bookies this time
A stunning 9 - 0 defeat in a match between UK football clubs Weymouth vs. Rushden and Diamonds has triggered a Football Association investigation into possibly unusual betting patterns after bookies took a GBP 1 million beating as fans allegedly bet against their own club.
Bookmakers who lost heavily on the Blue Square Premier match have admitted that it is improbable that the FA's investigation will uncover foul play. The bookies took 10 times the usual bets last weekend, all on Rushden to win, after Weymouth's youth team were fielded when the club's senior players went on strike over a medical insurance dispute. The young team was comprehensively defeated 9 - 0.
Betfair, which has a memorandum of understanding with the FA to release information from its sophisticated tracking facilities on those who placed bets on its exchange, predicted that an inquiry would show only that "a good old-fashioned gamble" had been landed.
Weymouth's financial problems had been no secret, and a 14-day employment rule had been invoked by the players, the Northhampton Chronicle reported. Rumours began circulating that the club would be fielding a weakened side to face Rushden and Diamonds as early as Tuesday evening last week.
Most bookmakers believe therefore that it was simply a case of the general public being better informed than the bookies. Tony Calvin, spokesman for Blue Square, said: "For once, the punters had the better information."
Totesport was one of the first to suspend betting on Saturday morning after "smelling a rat". Spokesman George Primarolo said: "The GBP1 million figure is about right. It has been taken off the bookies but there's nothing untoward or suspicious about it. People have got wind of the team news before the bookies have. This sort of thing happens in the lower leagues from time to time.
"It's different to the Premier League because we know everything that's happening, everything is so well documented. The lower down the league you get, the more the fans know."
A Coral spokesman said: "Normally GBP 30 000 to GBP 40 000 would be paid out on a match like this across the whole industry. But we paid out in the region of GBP 100 000 and we are 20 percent of the industry. "It was an exceptional amount of money for a lower league game."
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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