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PartyGaming is in merger talks with Bwin, largest out of all online bookies, in a deal that could create a £2 billion online gaming monster. The two groups have been holding negotiations since the summer.

The USA was PartyGaming’s biggest market, accounting for nearly 90% of its revenues, but the company suffered a huge setback when America made internet gambling illegal. Online gaming groups including PartyGaming had to close their American operations and lost considerable amounts of revenue.

Rumors about consolidation in the online gaming sector has been the major topic for discussion recently. A tie-up between PartyGaming and Bwin would be logical given the former’s ambition to grow its presence in sports betting, an area where the Austrian online betting site has been leading the way for last several years.

PartyGaming is well known for offering poker and casino games. It seems likely that if the two businesses can agree a tie-up, the deal would be structured as a merger of equals.

One source cautioned that discussions were at an early stage and there was no clear signal that a deal would be agreed. “Everyone in the industry is talking to everybody else,” said the source.

In April of this year, PartyGaming agreed a settlement with America’s Department of Justice to make sure that it would not face prosecution over its activities in the United States. It agreed to pay 5m (£65m) as part of the deal.

Analysts say that gambling groups including 888 Holdings and Sportingbet as well as Sweden’s Unibet, have all been thinking about possible deals.

Latest EGR Awards show crowned online sportsbook Bwin as the Operator of the Year while PartyPoker received Poker Operator of the Year title. EGR Power 50 also acknowledged domination of these two online gaming giants putting Bwin on the top of the rating for the second year in a row and PartyGaming right behind it.

Technorati Tags: online betting site, online bookies, online sportsbook

Bookmakers set European champions Spain as World Cup favorites to win next year's finals in South Africa.

One of top bookmakers online William Hill had Spain at odds of 4-1 to win the trophy. England is second best at 5-1 after Fabio Capello's side were handed a favourable draw. France, Germany, Brazil, Argentina and reigning champions Italy, are also among the early favourites to win next year’s competition in South Africa.

Spain will play Honduras, Chile and Switzerland in Group H while England in Group C will face United States, Algeria and Slovenia.

England will be hoping to bounce back from their disappointment in the last World Cup, where they managed to reach the quarter-finals, losing to Portugal on penalties. Following the departure of Sven Goran Eriksson as coach, Fabio Capello has breathed new life into the squad. England confidently finished top of their qualification group and are seen as genuine contenders for the trophy.

Spain strikers Fernando Torres and David Villa, at 9-1, are joint favourites to be top scorer.

"The last World Cup came close to producing a one billion pounds turnover but we have no doubt the 2010 tournament will smash through the barrier and go well beyond," Graham Sharpe said in a news release.

Another online betting site Victor Chandler priced England at odds of 6/1 to win the tournament. Company spokesman said: “We are delighted to be able to announce England as one of the favourites for the 2010 World Cup. With an impressive qualifying campaign, which saw the team finish clear leaders of their group, hopes are high that this could be our year.”

Brazil are third favourites at 11-2 after the five-times champions were placed in a tough group alongside Portugal, Ivory Coast and North Korea.

Latest EGR Power 50 report placed the two bookies in top 20. William Hill has taken 5th position while Victor Chandler occupied spot number 17.

Technorati Tags: bookies, bookmakers online, online betting site

You may love sports and would love to bet on it to have fun and earn some decent money. However, if you reside in the USA, then you will not be legally allowed to bet on any sports. In such a scenario, you can discover the nearest sports betting site while surfing on Internet without any difficulty.

A simple search through any search engine will quickly show you the top 100 sports betting sites that accept bets from people residing in any corner of the world, including the USA. With your credit card in one hand and your mouse on the other, you can enter into any online betting siteand start betting almost immediately. Intense competition has forced many sites to offer a joining-up bonus against your basic deposit. Many websites also offer free and premium picks or sports betting lines to lure in customers. You can win heavy amount of money if you bet with many sites in a single time. Offer of higher odds by the sites makes possible your winning chances.

Although before entering on a sports betting spree you must be familiar with the various terms used in betting. These contain sports betting lines which feature money lines, point spreads, over-under or totals, odds, underdog, favorite, and some newly introduced ones including parlays and teasers. Just knowing the game on which you bet on is not enough since you also need to understand the concept on betting on the teams or their players. In addition to betting online on sports such as football, tennis, boxing, hockey, etc, you can also bet on any horse or car race too.

An important precaution to be adhered to before you flash your credit card at any website is to first check out the site’s validity. You must have good referrals about the site. A large number of cheats posing as honest bookmakers can strip you of your credit card details, the amount deposited in your account and also your winnings if you near to win at their site. This could prove to be a expensive mistake and therefore prevention will leave you richer than a cure. To develop your scope of winning in future you will have to play at several different sites also complexes this problem.

Once you enter any site, you must know about the required information. The website should be able to work without any fear and open your account without any confusion. The site must offer you various choices in sending out your winning amount to your account and hold its odds once you have placed your bet. The site that has number of clauses in its fine print should be neglected as that could just be an excuse to delay or retain your winnings.

Technology has now made it very easy to bet from the very comfort of your home and even bypass all legalities. All you need to have fun while betting on your favorite sport is the right sports betting site. So, simply log on to a trusted site and take part in betting activities to get some amount of money.

Technorati Tags: betting online on sports, online betting site, sports betting site, top 100 sports betting sites