Additionally, stay away from the high pressure sales pitch. This observation gave Akk the inside knowledge and statistical analysis to make an educated decision when agreeing to the bet. The ability to pick winners has been a much sought after skill since Akk’s cave-mate Erk deduced that the four legs of the Saber Tooth tiger were twice as many as Grok’s two legs. Handicappers sell their observations and advice to bettors that would like to increase their chances of winning.
Most people have experienced placing a bet at some point in life but there are those who find great pleasure in the excitement and for some it becomes a favorite pastime. Nowadays, there is much more information to pour over and many factors such as the team’s or individual’s history, trends and the proper way to use the point spread and odds can make the difference between selecting a winner or loser. There are a few things to look for when selecting a handicapper. Today, in sports betting handicappers develop and employ their own system to determine who has the best chance of winning. You should feel comfortable about whom you have managing your money, and that in essence, is what a handicapper will do for you. The first is to understand that the average bettor is not going to have the time or the access to complete the necessary research to make winning picks – keeping up with all the numbers is a full time job! Handicappers complete all the research and sell their selections to the general sports betting public. Akk gave Erk a shiny new rabbit skin for his help and the handicapping industry was born.
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Also be wary of any handicapper that use the terms “lock,” or “sure thing,” because any seasoned gambler will tell you – there is no such thing. All of their past picks, performance record of wins and losses and how they determine their picks should be out in the open.. But consider that a handicapper may charge $200 a month to provide bettors with picks, but if these picks win or “hit,” and the bettor can make $600 per month on those winning selections, the handicapper’s fee is well worth it, especially compared to losing on your own. The first is that the handicapper you select should be honest and up front with their history as a handicapping professional. After all, you are placing these sports betting on the basis of their picks so remember: they work for you and not the other way around.
Moreover, there are a few things to understand when deciding whether or not to use a handicapper. Erk shared this information with Akk and Akk got the win in sports betting. The next thing to consider is the cost associated with employing the services of a handicapper.
Sports betting are the attempt to predict the outcome of sporting events by compiling research and analysis to determine a winner
The addiction gets on to the gamblers to such an extent that they fail to think wisely before acting. Their debt keeps building and it may reach an amount that exceeds their capacity to repay.
Gambling has proven to be addictive. The stress of risking huge amounts of money or the frustration after losing it can increase the tendency of abuse in gamblers. The addiction leads people to continue with gambling irrespective of whether they earn or lose in the deal. A study by the same university suggested that 73% of the individuals who are imprisoned are found to be problem gamblers.
Compulsive gambling leads to bankruptcy
As gambling leads to increased criminal activities, in a way, gamblers add to the burden on prisons and the legal system.
Children of parents who are problem gamblers or gambling addicts tend to feel abandoned and angry, further increasing stress and leading to strained family relations.
Games offered in casinos, table games like poker, Red Dog, and Blackjack, as also electronic games like Slot Machine and Video Poker are some of the common types of gambling. The National Council of Problem Gambling (NCPG) describes this type of gambling behavior as problem gambling.
You could be at gunpoint or holding the gun. Some go that way to forget the sorrow of losing big sums when gambling.
Gambling refers to the betting of money on an event with an uncertain outcome, with the intent of winning additional wealth. They tend to stay away from their near ones, resulting in distrust between them and their loved ones.
A majority of those addicted to gambling have substance abuse disorders.
People continue gambling with the greed of winning money. It can drag you into crime, gambling isn’t fun.
Gambling is practiced as a means of recreation. On giving a serious consideration to the negative effects of gambling, we realize that it is best avoided.
According to a research by NCPG, 76 percent of problem gamblers are likely to have a major depressive disorder.
Apart from absence at work and drop in efficiency, a common observation is that gamblers tend to steal money and engage in fraudulent behavior to recover from financial losses incurred when gambling, or to get more money to bet.
According to a study by the George State University, 50% of the problem gamblers commit crime. The skill of a gambler lies in weighing the three parameters and making a decision about what amount should be staked and how much should be expected in return.
The costs of treating compulsive gamblers are huge. Card games, coin tossing, and dice-based games are some non-casino based forms of gambling. Betting is a mentally taxing activity, and as one goes on risking more and more money, anxiety starts building.
According to the University of New York, in people with alcohol use disorders, the chances of developing an addiction to gambling are 23 times higher.
People who fall prey to gambling tend to remain away from their families and waste money on other bad practices. They engage in gambling activities at the cost of their time with family and friends. It only leads to a thoughtless expenditure of money and valuables.
Mental and physical health problems, financial issues, and conflicts in the family are among the common negative effects of gambling. Thus, gambling can have a grave economic impact which is difficult to reverse.
Gambling = Thoughtless Expenditure + Waste of Time
Substances of abuse are served at casinos and in pubs and clubs, thus increasing the likelihood of gamblers consuming them. The addiction robs a gambler of all the productive time and leads to loss of efficiency at work. The effect is similar to that of having a drug or a drink, which is why gambling changes one’s mental state and mood.
The addiction to gambling can leave one in bankruptcy. Thus, gambling practices cause a huge financial burden on the families of the affected and on the society at large.
Research has shown that gambling can lead to harmful behavior in people. Sports betting and arbitrage betting are the other types. The addiction has negative effects on one’s physical and mental health and it proves to be detrimental to one’s social, personal, and professional life. Six to eight million people in America are estimated to have a gambling problem.. The two go hand in hand. Their mental state can even lead to suicidal tendencies.
Additionally, rehabilitation and public assistance systems are taxed.
The stress from gambling may lead to health issues like ulcers, stomach problems, muscle pains, headaches, and problems with sleep.
Similar to how an individual keeps consuming substances like drugs or alcohol to experience an altered mental state, he continues to gamble. Rehabilitating the gambling addicts needs money and time, and the process is not very easy. To add to the so-called merry atmosphere, gamblers often smoke or drink while playing.
Gambling can lead to criminal activities. The greed never ends and they keep betting more and more. Addiction to gambling, coupled with substance abuse can make the gamblers physically abusive towards their family. Due to lost mental peace, they may ill-treat their spouse and children. In the following sections of this Buzzle article, we discuss the negative effects of gambling on the individual and society.
Gamblers often exhibit mood swings and a strangely secretive behavior. Forget satisfaction or peace, it is not even refreshing in the real sense. Over time, it becomes a habit, and eventually an obsession that can’t be overcome. According to the National Research Council, 10 to 17% of the children of problem gamblers have been abused and so have 25 to 50% of the partners of problems gamblers.
Gambling at the cost of one’s job results in a decline in the quality of his professional life. It soon becomes a habit that can’t be broken.
Studies show that children with a sibling or parent addicted to gambling, are more likely to take to substance abuse.
Initially, one looks at gambling as a way to run away from life’s problems, or from stress, anger, and loneliness. Some take to substance abuse to supplement the high they get from winning huge sums while gambling. When they lose the money they had risked, they further gamble to recover the lost amount and it becomes a vicious circle even they can’t escape from.
Addiction to gambling has been linked with substance abuse. It causes a decline in his/her work performance, thus hampering his career.
An Austrian study said that around 1 in 5 suicidal patients had a gambling problem.
Over time, the practice of gambling starts becoming a habit and begins to have damaging effects at psychological, physical, and social levels. The decision to gamble money is based on three parameters namely; how much to bet, the predictability of the event, and the conditions agreed upon, between the gamblers. In spite of the losses incurred, they continue betting. Problem gamblers and addicts tend to abuse their family members. A recreational activity is supposed to be refreshing and relaxing, but something like gambling is contrary to the very purpose of recreation. This proves to be detrimental to their social and family life. Because of this, they land in worse situations and take the wrong decisions in life.
With that being said, of course it is possible to make a profit from slot machines; however, I definitely wouldn’t rely on it. For instance, if the computer in a slot machine is set to 98%, then for every 100 dollars that it receives it will only give back $98 to the players. The chance portion can basically be broken down into the cards that fall into your and your opponents hands; whereas, the skill portion can be broken down into what you do with those cards. The reason behind this is that there is no favour toward the house, it is a simple 50/50 chance for both the player and the house. The only downside to this game is that you are placing your ability to profit on absolute chance; however, if that is the route that you wish to take, war is one of the best games to play.
Roulette can be a game that has amazing odds for a small payout, or horrible odds for a humongous payout depending on what way it is played. If you are a poker or blackjack shark then I definitely recommend these games to turn over a profit because you have the more control over the outcome of these games than any other. For those with a low risk tolerance and a goal of a small profit, the 66% chance to win 300% method will work best for you. Use them to your advantage, and bet wisely.. Inside every slot machine is a computer that regulates how much of the total amount deposited to give back to players. Larger casinos can afford to have active war tables around the area because they make more than enough profit from the other machines and tables, so the war table is merely to attract customers and keep them playing the other games; however, a small casino (such as ones found in vacation resorts) rarely possess these tables because they end up wasting money for employee wages to cover the table, and do not receive any guaranteed income to from the table to cover these wages. I would not recommend this as a consistent method unless you have incredible skill seeing patterns and have been studying the numbers that the roulette wheel has landed on for hours; however, if you are feeling lucky and want to try your luck, go for it!
Poker And Blackjack
The profit that you may acquire from these games comes partly from skill and partly from chance. This article will provide you with the crucial information on the casino’s most popular games, so that you can use the odds to favour your profit.
This game is probably the least common to find in small casinos. Poker is definitely a competitive game, and unlike blackjack where the other players are your friends, poker’s opponents’ only goal is to take as much of your money as they can! If you are a skilled player I definitely recommend trying your luck in these games; however, if you are a rookie I recommend watching other experienced players or learning more about the games before you try to turn over a profit from them.
These are probably the worst things to rely on for a profit as they are completely computer controlled to only give out winnings after they have made a certain amount of money.
For those of you that enjoy a little risk and love a huge payout, the single number method is best for you. Every single game in a casino has odds that are associated with it; it is up to you to use those odds to your advantage and give yourself a better chance of winning! I am not saying by any means that this information will allow you to walk out of the casino with more money than you came with every single time; but if you use the odds provided in this article, along with your own personal skills, you stand the best chance at leaving the casino with a profit. What do these odds translate to in regards to your ability to profit from the casino? Considering that this game requires absolutely no skill or knowledge on the player’s part, it provides them with nearly the best odds that they can receive. The roulette wheel and board is divided into 3 sections; each section will pay 3 to 1 if you were to bet on it. This method is definitely not fool-proof because it still relies greatly on chance; however, according to the odds you should have made a small profit if you consistently place those 2 chips on two thirds of the board. If your goal is to spend your money at the casino and have a great time, than by all means I fully recommend the slot machines; however, for a profit gaining goal, they are not your best bet!
A visit to the casino is a game of ups and downs until you have decided to stop; the goal of this article is to create a situation in which the ups of your money can outweigh the downs, ultimately turning over a profit. The chances of your number getting landed on is 1 in 38 and the payout is 35:1, so the odds are definitely not in your favour; however, if you get lucky and your number gets landed on within the first 35 tries, you will have made a small to large profit.
Gambling At The Casino-Using The Odds To Win
What if I told you there was a way to make money at every visit to the casino, guaranteed? Well, unfortunately that is not what I am going to tell you; however, I am going to tell you that there are ways that allow you to have a better chance at winning than others. Imagine now that you have 2 $5 chips in your hand and you walk over to the roulette wheel; you place each $5 chip on a section of a third of the board. Blackjack can be played in a casino setting by a rookie because you are only facing up against the dealer and the other players are not opponents to you; however, I definitely do not recommend playing poker in a casino setting unless you are an experienced player because most of the other opponents that take a seat at that table have probably been playing for years. Using the tips and knowledge listed above you should have no problem creating odds that are in your favour, which should eventually ensure that you leave there with more money than you entered with (and I don’t mean by going to the ATM machine and withdrawing another $200). Virtually everybody plays this game different depending on their risk tolerance and profit goal; however, these tips will hold true no matter which way you choose to play. There is an added entertainment bonus to them as they probably provide most individuals with much more entertainment with those spinning wheels, lights, and sounds than a game of war. Each of those sections has a 33% chance of being landed on, and will pay 3 to 1; meaning that you have a 66% chance of turning those 2 $5 chips into 3 $5 chips
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Score the mock strictly by where the player is drafted with no regards to team using the following system:
Correct player in exact spot = 5 points
Correct player 1 spot off (+/-) = 3 points
Correct player 2 spots off (+/-) = 2 points
Correct player 3 spots off (+/-) = 1 point
Game 4: Your Big Board (non-betting)
This is not a betting game, but rather an exercise that allows you to better understand the draft’s depth and players.
Before the draft, create a printout, posterboard, or individual cards with approximately 75-100 of the draft’s top players arranged from top to bottom according to your preferences and team needs, as if you were the general manager. Doing any or all of the following games or activities is a great way to stay invested in each and every pick and keep the energy level high.
Each and every year the NFL draft is becoming more and more popular and is becoming a holiday of sorts for NFL and football fans. The mocks will then be scored and the money distributed in a way agreed upon (aka winner 75%, 2nd place 25%). This represents any player who is not a label on the other 4 bowls.
Because it can be kind of hectic labeling the bowls in between picks, it’s recommended that you rotate labeling responsibilities every 5 picks, so everyone has time to enjoy the draft.
It’s also recommended to find a list of the top 50 players in the draft and use that to pre-create some labels, so you don’t have to write down names during the draft.
To deter any cheating or foul play, it’s best if all bets are placed as soon as possible, that all contestants stay off of Twitter, and that no bets may be changed after a certain time (like less than 2 minutes left on clock).
Game 2: Prop Bets
With this game, brainstorming the bets and categories is almost as much fun as choosing the bets and watching them unfold live. On a fireplace, hutch, or other surface near the TV, place 5 bowls. This is a fun exercise when your team is drafted, as you can see who you would pick at this point and can watch players literally “come off the board”.
For the first 10 picks of the draft, it is often more fun to have the 5th bowl labeled as “Rest of Field” instead of an actual player name. The premise is simple: given 2 scenarios which will result in a number, which scenario will produce a larger number. The first person to get a pick correct gets all the money.Notes
Game 1: Betting Bowls
With the NFL draft having moved to prime time in 2010, it’s now easier than ever to watch the draft and throw parties on draft day 1 (and beyond). Here are some more sample prop bets:
Wide Receivers drafted in round 1 OR Pick number at which first Wide Receiver is
The number of the first pick traded OR the number at which the first Running Back is selected.
Number of trades in the top 10 picks of round 1 OR number of trades in the bottom 10 picks of round 1.
University of Florida players drafted in round 1 OR Pac 10 players drafted in
Game 3: Mock Drafts
Mock drafts are getting more and more popular and easier to do all the time with sites like ESPN and WalterFootball.com providing tools to create mock drafts. For this game, each person should make a mock draft of the first round (picks 1-32) and bet $10. Each and every pick, each person must choose 1 player they believe will be drafted at that pick, and it cannot be the same player anyone else has chosen (aka they must all be unique). There may be several side-pots at any given point.
What if Nobody is Correct?
If nobody puts money in the bowl of the correct player, all of that money goes into a general pot, and the next person to correctly guess a player gets that money in addition their other winnings.
What if there is still money in the pot after round 1 ends?
If the day or round ends and there’s still money left to be won, the game goes to “overtime”. Aside from food, friends, and beverages, there’s no better way to increase the fun had during the NFL draft than by placing small bets with your friends.
For each pick in the draft, tape 1 name below each bowl, to give a total of 5 names for each and every pick.
Before each pick, each person in the room places $1 in the bowl of the player they think will be drafted.
The person who correctly guesses the drafted player wins all the money in the bowls.
What About Trades?
If a pick is traded, everyone may remove their dollar bet and, after the bowls are re-labeled (if necessary), change their bet to a new player.
What About Ties?
If 2 or more people select the same player and are correct, all of the money goes into a specially labeled side pot. At this point, no more money is bet. For example: “Which will be higher: Number of Linebackers drafted in round 1, or number of players selected from Florida colleges in round 1?”. Some watch it to see where their favorite college players get drafted, some watch the draft for the drama and trades, and many watch it to see which players their favorite team will be building its future around.
Creating between 10 and 20 of these questions and putting $1 down for each is a fun and creative way to think about the draft. Of those people, the next person to win gets all the money in the bowls and all the relevant pots
That was Laird’s first of three PGA Tour wins. That has to mess with your mind so it will be interesting to see how Jason Dufner plays this week.
Ben Martin – 80 to 1 odds
Ben Martin won the Shriners Hospitals for Children Open last year and he is 80 to 1 odds to repeat this year. He’s earned $10.9 million on tour to date.
Charles Howell was at -10 under after three rounds last week and in contention to win but he shot even par Sunday to finish in a tie for 17th place. Chris Stroud is looking for his first win too at age 33. Martin sometimes caddies for his wife but he’s trying to win some dough himself this week. Keegan Bradley, Hunter Mahan, Ryan Palmer, Russell Knox, Chris Stroud – 50 to 1
T-15. Appleby has nine PGA Tour wins but none since 2010. Anybody who wants to bet Kevin Na to win this week better have some guts because Na has just one PGA Tour win in 300 events. He’s played in 498 tournaments on tour and has career earnings of $28.9 million. He’s looking for his first win as a rookie on tour and this is not a bad spot to get it.
Emiliano Grillo is the PGA rookie golfer who just beat Kevin Na in the playoff at the Frys.com Open to claim his first title. Jason Bohn – 28 to 1
T-4. Rickie Fowler – 10 to 1 odds
Keegan Bradley won the 2011 PGA Championship and he has three wins on tour but his last win was in 2012. He also won the Arnold Palmer Invitational in 2011 and the Valero Texas Open in 2013. Hunter Mahan has six wins on tour with his last win coming 14 months ago. Patrick Rodgers shot -12 under last week to finish in a tie for 6th place. Scott Piercy – 33 to 1
Brendan Steele led the Frys.com Open over the first three days but he faded badly on Sunday shooting a 76 to end up in a tie for 17th place at -10 under. Charley Hoffman – 40 to 1
In addition to the betting odds for each player who has odds of 50 to 1 or less this week, notable players with higher odds are also listed with comments for each player. Rickie Fowler played poorly a couple weeks ago at the 2015 Presidents Cup, posting a record of just 1-3 and he lost his singles match in record time to Adam Scott. His earnings stand at $18.6 million.
1. Webb Simpson has four PGA Tour wins including the major U.S. 14. Koepka hits the ball a mile so he’s always a contender especially if he can chip and putt well. Brooks Koepka – 16 to 1
Tony Finau finished last week at -7 under and tied for 32nd place. Brooks Koepka won his first PGA Tour win at the Phoenix Open last February. He did shoot -11 under last week to tie for 10th at the Frys.com Open.
3. Martin Piller has earned $221,398 on the PGA Tour in 28 starts. Bohn has two wins on tour but his last win was in 2010. Ryan Palmer has three tour wins but last was in 2010. That earned him $73,333, which is par for the course for Howell who has won just twice on tour in 450 starts but has earnings of $29 million. Rickie Fowler did have a very good 2015 season, winning The Players Championship, Scottish Open and Deutsche Bank Championship. Russell Knox is looking for his first PGA win at age 30. The good news is that his last win on tour was in the 2013 Shriners Hospitals for Children Open.
Jason Bohn was right in contention at the Frys.com Open last week until he shanked a shot on the last hole into the table umbrellas for guests. This is a decent spot to try and get that first win but 30 to 1 odds are probably too low for a bet on him this week. Emiliano Grillo, Jimmy Walker, Ryan Moore, Brandt Snedeker – 25 to 1 odds each
Charley Hoffman has three wins on tour with his last win coming last November at the OHL Classic at Mayakoba. Martin is 28 years old and his win here last year remains the only PGA Tour win of his career. Gerina Piller has earned $2 million on the LPGA Tour including $84,703 last week at the LPGA Hana-Bank Championship. First played in 1983, this tournament was a 90 hole event until it switched to 72 holes in 2004. Ryan Moore also fits that mold as he’s won four PGA Tour events and three were in the early season in the fall including a win in this tournament in 2012.
2. The 29 year old is looking for his first PGA Tour win.
T-12. Martin has started 82 tournaments on tour and has career earnings of $4.54 million.
Martin Laird – 66 to 1 odds
Martin Laird from Scorland won the Shriners Hospitals for Children Open in 2009. Charley Hoffman is playing in his 281st career event on tour this week. Kevin Na – 22 to 1
The 2015 Shriners Hospitals for Children Open on the PGA Tour is taking place this week from October 22-25, 2015, at the TPC at Summerlin private golf club located in Las Vegas, Nevada. Steele’s only win on tour came at the Valero Texas Open in 2011. He might just be due for another win this week.. Jim Furyk holds the record for most wins (1995, 1998, 1999) in the tournament with three and he is the only player to win more than once.
Brooks Koepka is the second choice in the betting at odds of 16 to 1. Good luck to all the PGA golfers and especially the bettors this week at the 2015 Shriners Hospitals for Children Open.
Jason Dufner has three wins on the PGA Tour including the 2013 PGA Championship golf major. He will likely play better this week and a win is not out of the question.
Jonathan Byrd – 150 to 1 odds
Jonathan Byrd won the Shriners Hospitals for Children Open in 2010. He is looking for his first PGA Tour win. His two other wins were at the Deutsche Bank Championship in 2010 and the Bob Hope Classic in 2007. Brendon Todd, Charles Howell, Will Wilcox – 45 to 1
11. Byrd has six wins on tour but his last win was in 2011. Patrick Rodgers, Brendan Steele – 35 to 1
8. Neither husband or wife have ever won a tournament on their respective tours.
Kevin Na is 22 to 1 odds this week after he lost last week in a playoff at the 2015 Frys.com Open. Open in 2012, but his last win on tour was in 2013. Laird played last week and shot -2 under to finish in a tie for 64th place. The one thing Kevin Na does have going for him this week is that his lone win on tour was at the Shriners Hospitals for Children Open in 2011.
Scott Piercy has three PGA Tour wins including a win at the 2015 Barbasol Open in July. Here is a list of the betting odds for the PGA golfers to win the 2015 Shriners Hospitals for Children Open.
T-18. He also won the Turkish Airlines Open on the European Tour last November. Dufner got a divorce from his hot wife Amanda Boyd earlier this year and rumors are that she is or had been dating Tiger Woods. Tony Finau, Webb Simpson – 30 to 1
At the relatively high odds of 10 to 1, Rickie Fowler is the betting favorite this week to win the 2015 Shriners Hospitals for Children Open. Can he repeat again this week at 25 to 1 odds? He’s a better bet than Kevin Na. Tiger Woods recorded the first professional win of his career at this tournament (called the Las Vegas Open then) when he beat Davis Love III in a playoff in 1996. Todd won the 2014 Byron Nelson for his lone win on tour in 117 starts. He has career earnings of $14.8 million playing in 296 events on tour.
T-9. Due to his name he’s sometimes confused with Robert Allenby but he’s nothing like Allenby.
Martin Piller – 300 to 1 odds
Martin Piller is listed here because he’s married to Gerina Piller who plays on the LPGA Tour and is one pretty lady. Bohn then hit a nice shot onto the green after he got relief but he missed a putt that would have put him into the playoff with Na and Grillo. Brendan Steele is Tony Geary’s (Luke from “General Hospital”) nephew. Mahan shot -7 under last week to finish in a tie for 32nd place. Brendon Todd shot -9 under last week to finish tied for 26th place. Jonathan Byrd has played in 351 PGA events and he’s earned $18 million on tour to date.
Stuart Appleby – 400 to 1 odds
Stuart Appleby won the Shriners Hospitals for Children Open in 2003. Will Wilcox shot -11 under to finish in a tie for 10th place last week. His other wins were at the RBC Canadian Open in 2012 and the Reno-Tahoe Open in 2011. Which Rickie will show up this week?
The 2015 Shriners Hospitals for Children Open is the second tournament in the 2016 PGA Tour schedule and all FedEx Cup points players earn here this week will count for the 2016 FedEx Cup chase. Jimmy Walker and Brandt Snedeker are two proven PGA Tour winners who both tend to win during the earlier months of the PGA season, which makes both a threat here. The 2015 Shriners Hospitals for Children Open will be the 192nd tournament for Scott Piercy on tour
Its has since then secured an additional 40 million euro unsecured facility to fund growth initiatives.
Playtech said the deal would boost its prospects as the 2.3 billion pound wager by its customer Ladbrokes to combine with bookmaker Gala Coral had done.
“I think given the size and position of Playtech, we can afford to do larger acquisitions,” said Weizer, who has led Playtech for more than eight years.
“We definitely intend to continue considering certain additional M&A opportunities going forward, for both gaming and online CFD trading,” Chief Executive Mor Weizer told Reuters.
Isle of Man-based Playtech has made three acquisition with the aim of carving a niche in currency trading, while the gambling industry consolidates to combat higher taxes and tougher regulation in Britain.
Playtech Plc, the online gaming and betting software provider founded by Israeli billionaire Teddy Sagi, is still hungry for acquisitions even after having spent over $1 billion this year on its foray into forex trading.
Playtech earlier this year put skin in the forex trading market, where the sudden removal of a long-held ceiling on the Swiss franc in January has spurred M&A activity.
Playtech, which has a market value of about 2.9 billion pounds ($4.3 billion), had cash and cash equivalents of 780.3 million euros ($881 million) as of June end.
Betfair Group Plc and Irish rival Paddy Power Plc, both licensees of Playtech, on Wednesday agreed to a 5 billion pound merger, to stake a claim to leadership of Britain’s online gambling market.
($1 = 0.8856 euros)
(Editing by Anupama Dwivedi and Savio D’Souza)
. Playtech, which should benefit from the larger footprint of the merged entity, has taken a 9.7 percent stake in Ladbrokes.
($1 = 0.6460 pounds)
The company bought a majority stake in TradeFx and then strengthened its hand by then snapping up Plus500 Ltd and Ava Trade. Playtech’s stock was down 1.8 percent at 875 pence at 0723 ET on the London Stock Exchange. Up to Wednesday’s close, it has rise 12 percent since its first acquisition in April.
He declined name possible targets or a price or even when the company would make an acquisition.
CFD, or contract-for-difference, trading allow a buyer to trade without actually owning the underlying asset.
“We definitely see a further opportunity for Playtech to further extend and support companies in the process of their merging,” Weizer said.
Ladbrokes, on announcing its merger, bought out partner Playtech from a digital marketing service deal.
It funded the first two deals with cash and secured a 200 million euro revolving credit facility at the time of the third