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BETDAQ
Betdaq is a gambling company which operates the world's second largest online betting exchange. The company was founded by Irish businessman Dermot Desmond in 2000 and started trading one year later. In 2013, Betdaq was sold to Ladbrokes for €30m but in November 2021, the company was sold back to Desmond for an undisclosed fee. Betdaq's Irish headquarters are in Dublin, Ireland, while its UK business operates from its hub in Gibraltar. Business As a betting exchange operator, Betdaq currently holds an approximate 7% market share. Betdaq allows people with different opinions on the likely outcome of an event to bet against each other. A betting exchange allows people to bet against each other rather than against a bookmaker. Betdaq offers betting markets on a range of international sporting and other events and claims to handle in excess of £75 million worth of bets every week. Betdaq brings together bettors from around the world and allows gamblers to bet against one anothe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dermot Desmond
Dermot Desmond (born 14 August 1950) is an Irish businessman and financier. He is estimated to be worth €2.04 billion and is ranked by the ''Sunday Independent'' as the ninth-richest person in Ireland. Early life and education Desmond was born in Macroom, County Cork in 1950 and grew up in Marino, Dublin. He was educated at Scoil Mhuire, Marino and Good Counsel College in New Ross. He left school in 1968 to work at Citibank in Dublin. Business career In 1968, Desmond's business career began with Citibank in Dublin, followed by Price Waterhouse in Kabul, Afghanistan. In 1981, he founded National City Brokers in Dublin. The company competed with already established stockbroking names in Dublin such as Davy's and Goodbodys. Desmond sold the company to Ulster Bank in 1994, which at the time was part of the National Westminster Group, for a reported £39 million. Subsequently, as a result of Natwest's takeover in 2003 by RBS, NCB was bought out by its management with the supp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Betting Exchange
A betting exchange is a marketplace for customers to bet on the outcome of discrete events. Betting exchanges offer the same opportunities to bet as a bookmaker with a few differences. Gamblers can buy (also known as "back") and sell (also known as "lay") the outcome, and they can trade in real-time throughout the event, either to cut their losses or lock in profit. Bookmaker operators generate revenue by offering less efficient odds. Betting exchanges normally generate revenue by charging a small commission on winning bets. History The first betting exchanges were Matchbook, flutter.com and Betfair. Flutter and Betfair merged in 2001 with Betfair chosen as the primary betting exchange. The flutter.com site ceased operations in January 2002. Since then Betfair has maintained a leading position in the betting exchange market. BETDAQ (which also traded as the 'Ladbrokes Exchange') is believed to be the second largest betting exchange and it had an estimated 7% share of the bettin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bookmaker
A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays off bets on sporting and other events at agreed-upon odds. History The first bookmaker, Ogden, stood at Newmarket in 1795. Range of events Bookmakers in many countries focus on accepting bets on professional sports, especially horse racing and association football or Indian Premier League cricket. However, a wider range of bets, including on political elections, awards ceremonies such as the Oscars, and novelty bets are accepted by bookmakers in some countries. Operational procedures By "adjusting the odds" in their favour (paying out amounts using odds that are less than what they determined to be the true odds) or by having a point spread, bookmakers aim to guarantee a profit by achieving a 'balanced book', either by getting an equal number of bets for each possible outcome or (when they are offering odds) by getting the amounts wagered on each outcome to reflect the odds. W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Premier League
The Premier League (legal name: The Football Association Premier League Limited) is the highest level of the men's English football league system. Contested by 20 clubs, it operates on a system of promotion and relegation with the English Football League (EFL). Seasons typically run from August to May with each team playing 38 matches (playing all 19 other teams both home and away). Most games are played on Saturday and Sunday afternoons, with occasional weekday evening fixtures. The competition was founded as the FA Premier League on 20 February 1992 following the decision of clubs in the Football League First Division to break away from the Football League, founded in 1888, and take advantage of a lucrative television rights sale to Sky UK, Sky. From 2019 to 2020, the league's accumulated television rights deals were worth around £3.1 billion a year, with Sky and BT Group securing the domestic rights to broadcast 128 and 32 games respectively. The Premier League is a c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Betting Exchanges
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not universal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spread Betting
Spread betting is any of various types of wagering on the outcome (game theory), outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds betting, fixed-odds (or money-line) betting or parimutuel betting. A point spread is a range of outcomes and the bet is whether the outcome will be above or below the spread. Spread betting has been a major growth market in the UK in recent years, with the number of gamblers heading towards one million. Financial spread betting (see below) can carry a high level of risk if there is no "stop". In the United Kingdom, UK, financial spread betting is regulated by the Financial Conduct Authority rather than the Gambling Commission who regulate spread betting on sports. Purpose The general purpose of spread betting is to create an active Market (economics), market for both sides of a binary Scientific wager, wager, even if the outcome of an event may appear ''prima facie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sports Betting
Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels. Sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests such as horse racing, greyhound racing, and cockfighting. It is not uncommon for sports betting websites to offer wagers for entertainment events such as the Grammy Awards, the Oscars, and the Emmy Awards. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as "bookies". The term "book" is a reference to the books used by wage brokers to track wagers, payouts, and debts. Many legal sportsbooks ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prediction Market
Prediction markets (also known as betting markets, information markets, decision markets, idea futures or event derivatives) are open markets where specific outcomes can be predicted using financial incentives. Essentially, they are exchange-traded markets created for the purpose of trading the outcome of events. The market prices can indicate what the crowd thinks the probability of the event is. A prediction market contract trades between 0 and 100%. The most common form of a prediction market is a binary option market, which will expire at the price of 0 or 100%. Prediction markets can be thought of as belonging to the more general concept of crowdsourcing which is specially designed to aggregate information on particular topics of interest. The main purposes of prediction markets are eliciting aggregating beliefs over an unknown future outcome. Traders with different beliefs trade on contracts whose payoffs are related to the unknown future outcome and the market prices of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parimutuel Gambling
Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the Vigorish, "house-take" or "vigorish" are deducted, and payoff Odds#Gambling odds versus probabilities, odds are calculated by sharing the pool among all winning bets. In some countries it is known as the tote after the Tote board, totalisator, which calculates and displays bets already made. In short, the word ''parimutuel'' implies tiered winnings/earnings. The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and other Sport, sporting events of relatively short duration in which participants finish in a ranked order. A modified parimutuel system is also used in some lottery games. Definition Parimutuel betting differs from fixed-odds betting in that the final payout is not determined until the pool is closed – in fixed odds betting, the payout is agreed at the time the bet is sold. Parimutuel gambling ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matched Betting
Matched betting (also known as back bet matching, lay bet matching, or double betting) is a betting technique employed by individuals to profit from free bets and incentives offered by bookmakers. Its proponents considered it risk-free in theory-based probability. Concept The concept of matched betting requires an account with two or more bookmakers or betting exchanges where at least one offers the user a free bet. When the free bet is placed the other bookmakers or betting exchanges are used to hedge all the possible outcomes so that no matter what happens the value of the free bet is retained. At its simplest, a matched bet involves placing a back bet using the free bet at a bookmaker while placing the opposing lay bet at a betting exchange. More advanced versions involve placing the bets on multiple bookmakers (dutching) to avoid the commission charged for using an exchange. Generally, bookmakers incorporate terms by which bettors must first place a bet using their own money i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
:Category:Betting Exchanges
This category is for articles about betting exchanges, as opposed to bookmakers A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays off bets on sporting and other events at agreed-upon odds. History The first bookmaker, Ogden, stood at Newmarket in 1795. Range of events Bookma .... Wagering Gambling websites ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sunderland Football Club
Sunderland Association Football Club (, ) is an English professional football club based in the city of Sunderland, Tyne and Wear. Formed in 1879, Sunderland play in the Championship, the second tier of English football. The club has won six top-flight titles (1892, 1893, 1895, 1902, 1913, and 1936) in the First Division, and has finished runners-up five times. The club has also won the FA Cup twice (1937 and 1973) and been runners-up twice (1913 and 1992), as well as winning the FA Charity Shield in 1936 and being finalists the following year. Sunderland have also been Football League Cup finalists in 1985 and 2014. Between 1891 and 1939, "The Black Cats", as they are known - in addition to their six league titles - finished in the bottom half of the league only ten times, and finished in the top seven 28 times. Since World War II, their league performances have been considerably poorer, only finishing in the top half nine times, (1947, 1949, 1950, 1953, 1955, 1956, 2000, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
