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Gambling and fine wine, a pleasant new online betting pastime
Fine wine exchange Liv-ex has entered into a partnership with Matchbet allowing people to place bets on the level of the Liv-ex 100 Fine Wine Index at the end of each month.
The new online betting market enables users to bet on the future direction of wine prices without taking delivery of the goods.
Participants can either offer their bets at their own proposed odds, or take the current market odds.
"We believe that Liv-ex users will benefit from an ability to both hedge, and speculate, on Liv-ex price indices," said Ben Seifert, founder of Matchbet.
"The market has just been launched, but already there are significant betting opportunities. I believe that the market will quickly develop into a major companion site to Liv-ex for all those seriously interested in the wine industry."
To bet on the level of the index at the end of August, or any other month, oenophile punters are invited to visit Matchbet.com, where a step-by-step online tutorial is available under the help section.
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Ontario extended its online gambling deadline -
02/06/2012 : It could be awhile yet before Canada's most populous province, Ontario, joins sisters British Columbia and Quebec in offering online gambling to its residents.
ESTIMATED WORTH OF SPANISH ONLINE GAMBLING MARKET? -
02/06/2012 : Jdigital, the newly launched Spanish Association of Digital Play has estimated that the Spanish online gambling market based on gross gaming revenue in 2011 has increased by 20 percent exceeding Euro 370 Million.
Conister Bank launches the IOM's first e-gaming banking product -
02/06/2012 : The Isle of Man-based Conister Bank has announced the launch of the Island’s first ever e-gaming dedicated banking product, created specifically for the Island’s e-gaming operators, with the approval of the local Gambling and Supervision Commission
Betfair has announced No More South African Gamblers -
02/06/2012 : International online gambling group Betfair has announced that it is to bow to court decisions in South Africa declaring online gambling illegal by cutting off South African online punters from February 14.
Dr. Love slot released to the Apple Store -
02/06/2012 : In an innovative move, NextGen Gaming, which recently merged with the NYX group, has released its popular Dr. Love slot to the Apple Store for mobile players to access direct.
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