Posts Tagged ‘Sports Wagering’
Top Bookmakers Might Lose Big in Poland
November 15th, 2009 | 
Author: Several leading sportsbooks online such as Bwin, Unibet, Bet-At-Home, Betclick and Expekt are facing a ban on marketing and advertising activities in Poland.
Donald Tusk, Polish prime minister, revealed he want to regulate gambling industry in the country. If gambling advertising is banned, egaming operators woudl lose £11m’s worth of sponsorship they made to Polish sport. Moreover, any person or business in breach of the law would be fined PLN35,000 (£7,600).
Current sponsorship deals include Expekt’s sponsorship of the Polish national team; BetAtHome’s shirt sponsorship of Wisla Krakow, champions of last year’s Ekstraklasa top league in Polish football; Betclick’s shirt sponsorship of Ekstraklasa team Lech Poznan and Bwin’s role as a principal sponsor of Ekstraklasa team Legia Warszawa.
Polish National 2nd League could suffer the €4m a season setback as a result of the loss of Unibet’s title sponsorship.
Betsson country manager for Poland Maciej Poschwald said that new proposals, including raising the tax on offline operators from 10% of stakes to 50% of gross profit, also posed a threat to online bookies.
Maciej said: “It’s as if the Polish government went through every single campaign undertaken by egaming companies in the last few years and defined these in the new gambling act as forbidden.”
Owner of affiliate site Bet1×2.pl, Filip Sosnowski, mentioned that the Lech Poznan and Wisla Krakow teams have submitted official statements to the government stating how the proposed advertising ban could be financially damaging.
However, Sosnowski also argued situation with the ban for online sports wagering companies would only become clear in two weeks’ time when the Polish parliament has debated Tuesday’s proposal and released a second proposal aimed at regulating online gambling markets.
Sosnowski also mentioned: “While yesterday’s proposed law would impose a ban on advertising for Polish offline bookmakers and could affect online bookies advertising offline, we do not know if the same law would be used for the second project to regulate online markets. This second law will also need to be agreed by the EU.”
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The Secrets of Sports Wagering
As long as you can stick to a money management system, sports wagering can be a great way to generate extra income. You should start to see decent returns from you sports wagering once you can implement and follow a profitable money management system.
Instead of just looking at your win/loss record, your sports wagering results should be viewed on a return on investment basis so that you can start setting monetary goals to acheive. Your return on investment in sports wagering means that you are seeking to make an overall profit from the amount of money you have spent placing bets, whether that be over the day, the month or the entire sports season.
Recording the amount you spend on sports wagering as well as your win loss record is a great way to keep track of how you are doing. A good return on investment is where your net wins and losses total more than your sports wagering spending.
Setting goals for your sports wagering is important and if you were to bet the same odds and amount your break even point is just under 53%. Although it doesn’t sound that difficult, it really can be a lot harder than it seems. So if that is the case, if you set a 60% win rate as your 3 month goal then you should definitely see your profits increase while following and applying a great money management strategy.
If you want to learn more about how to be successful with sports wagering, go ahead and grab a FREE copy of my eBook: Sports Investing Secrets - How to Turn $1,000 into $1,024,000 in Less Than 5 Years Betting on Sports by visiting my website: http://www.1stopsportsinvestors.com
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