BRIEF-Sportech Says Signs U.S Sports Betting Platform Agreement With Sportradar AG

May 31 Reuters – Sportech PLC:

* US SPORTS BETTING PLATFORM AGREEMENT

* SIGNED A COMMERCIAL SPORTS BETTING AGREEMENT WITH SPORTRADAR AG

* AGREEMENT WILL BE ENABLING GROUP TO OFFER A FIXED ODDS SPORTS BETTING BOOK IN EMERGING US SPORTS BETTING MARKETPLACE

* SPORTECH WILL BE ABLE TO OFFER SPORTRADAR’S TRADING AND RISK MANAGEMENT SERVICES IN ANTICITED ROLL-OUT OF LEGAL SPORTS BETTING IN US

* SPORTECH WILL ALSO DEPLOY SPORTRADAR’S TURNKEY SPORTS BETTING PLATFORM ACROSS ITS RETAIL BUSINESS IN CONNECTICUT WHEN LEGISLATION PERMITS Source text for Eikon: Further company coverage:

Nevertheless,

Nevertheless,

Nevertheless, poker domino the door has been opened. And any state that wishes to walk through will have to depend on its legislators to get it right. And that means a series of decisions on policy, logistics, and everything else related to sports betting will have to be made, mostly under very challenging circumstances.

The format

The first choice that legislators will have to make is: what format of sports betting will be allowed? Essentially the choice is between fixed odds and the pari-mutuel system, which is the standard for America’s thoroughbred racing. From the point of view player protection, i.e. preventing the gullible and impetuous members of the gambling public from betting themselves into the poor house, pari-mutuel betting has distinct advantages. Without going into great detail, the mechanics of pari-mutuel betting create a pool which prevents both giant killer jackpots, and giant killer losses. In a horse race, for instance, the more popular a given entry is, the shorter the odds. It is not unheard of for a hugely favored horse to go off at odds of 1:1 or even less. Betting under these conditions help to ensure that it is looked on as a past time rather than an investment program.

Another plus for pari-mutuel is that it has been around for generations. Everybody knows about it. There are plenty of experienced people to help organize and run such a gambling regime. Likewise there are no less than 30 state governments that can supply experienced supervisors and administrators for a state- approved sports betting program.

The biggest argument against using pari-mutuel systems is that Nevada, currently the only state with genuine sports betting apart from horses, uses a fixed odds model. Many of the big operators in Vegas will be looking to expand into other states. And these other states are liable to follow the Nevada model for two reasons. poker domino First, it tends to be more exciting and appealing. Second, fixed odds is pretty much the world standard. In the very likely event that states seek to increase liquidity by sharing their respective pools of bettors, any state that chooses pari-mutuel for this expanded sports betting is making sure that it cannot interconnect two other states which used fixed odds. And we cannot forget that gambling is now a global phenomenon. An operator which can feature overseas events such as the World Cup of soccer is looking at a new for America anyway and potentially huge market. But that will likely require coordination with overseas operators and supervisors. And the pari-mutuel system is essentially confined to the English-speaking world, a few European countries, and Japan. Moreover, its principal use is for horse racing. Tackling other sports might require more innovation, whereas fixed odds is more or less immediately available.

the door has been opened. And any state that wishes to walk through will have to depend on its legislators to get it right. And that means a series of decisions on policy, logistics, and everything else related to sports betting will have to be made, mostly under very challenging circumstances.

The format

The first choice that legislators will have to make is: what format of sports betting will be allowed? Essentially the choice is between fixed odds and the pari-mutuel system, which is the standard for America’s thoroughbred racing. From the point of view player protection, i.e. preventing the gullible and impetuous members of the gambling public from betting themselves into the poor house, pari-mutuel betting has distinct advantages. Without going into great detail, the mechanics of pari-mutuel betting create a pool which prevents both giant killer jackpots, and giant killer losses. In a horse race, for instance, the more popular a given entry is, the shorter the odds. It is not unheard of for a hugely favored horse to go off at odds of 1:1 or even less. Betting under these conditions help to ensure that it is looked on as a past time rather than an investment program.

Another plus for pari-mutuel is that it has been around for generations. Everybody knows about it. There are plenty of experienced people to help organize and run such a gambling regime. Likewise there are no less than 30 state governments that can supply experienced supervisors and administrators for a state- approved sports betting program.

The biggest argument against using pari-mutuel systems is that Nevada, currently the only state with genuine sports betting apart from horses, uses a fixed odds model. Many of the big operators in Vegas will be looking to expand into other states. And these other states are liable to follow the Nevada model for two reasons. First, it tends to be more exciting and appealing. Second, fixed odds is pretty much the world standard. In the very likely event that states seek to increase liquidity by sharing their respective pools of bettors, any state that chooses pari-mutuel for this expanded sports betting is making sure that it cannot interconnect two other states which used fixed odds. And we cannot forget that gambling is now a global phenomenon. An operator which can feature overseas events such as the World Cup of soccer is looking at a new for America anyway and potentially huge market. But that will likely require coordination with overseas operators and supervisors. And the pari-mutuel system is essentially confined to the English-speaking world, a few European countries, and Japan. Moreover, its principal use is for horse racing. Tackling other sports might require more innovation, whereas fixed odds is more or less immediately available.

the door has been opened. And any state that wishes to walk through will have to depend on its legislators to get it right. poker domino And that means a series of decisions on policy, logistics, and everything else related to sports betting will have to be made, mostly under very challenging circumstances.

The format

The first choice that legislators will have to make is: what format of sports betting will be allowed? Essentially the choice is between fixed odds and the pari-mutuel system, which is the standard for America’s thoroughbred racing. From the point of view player protection, i.e. preventing the gullible and impetuous members of the gambling public from betting themselves into the poor house, pari-mutuel betting has distinct advantages. Without going into great detail, the mechanics of pari-mutuel betting create a pool which prevents both giant killer jackpots, and giant killer losses. In a horse race, for instance, the more popular a given entry is, the shorter the odds. It is not unheard of for a hugely favored horse to go off at odds of 1:1 or even less. Betting under these conditions help to ensure that it is looked on as a past time rather than an investment program.

Another plus for pari-mutuel is that it has been around for generations. Everybody knows about it. There are plenty of experienced people to help organize and run such a gambling regime. Likewise there are no less than 30 state governments that can supply experienced supervisors and administrators for a state- approved sports betting program.

The biggest argument against using pari-mutuel systems is that Nevada, currently the only state with genuine sports betting apart from horses, uses a fixed odds model. Many of the big operators in Vegas will be looking to expand into other states. And these other states are liable to follow the Nevada model for two reasons. poker domino First, it tends to be more exciting and appealing. Second, fixed odds is pretty much the world standard. In the very likely event that states seek to increase liquidity by sharing their respective pools of bettors, any state that chooses pari-mutuel for this expanded sports betting is making sure that it cannot interconnect two other states which used fixed odds. And we cannot forget that gambling is now a global phenomenon. An operator which can feature overseas events such as the World Cup of soccer is looking at a new for America anyway and potentially huge market. But that will likely require coordination with overseas operators and supervisors. And the pari-mutuel system is essentially confined to the English-speaking world, a few European countries, and Japan. Moreover, its principal use is for horse racing. Tackling other sports might require more innovation, whereas fixed odds is more or less immediately available.

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