188BET
Type Private Limited
Founded 2006
Headquarters Douglas, Isle of Man
Area served International
Key people Andy Scott (CEO)
Industry Gaming
Products Bookmaking , Online Casino , Live Casino , Financial Bet
Employees 500+
Parent Cube Limited
Slogan The In-Play Specialist
Website www.188bet.com
Type of site online gambling
Available in Multilingual
188BET is an online sportsbook provider. 188BET is owned by Cube Limited, which is licensed and regulated by the Isle of Man.[1]
Sponsorship
188BET are the principle sponsor of Bolton Wanderers and Wigan Athletic in the Barclays Premier League for the 2009/2010 and 2010/2011 seasons, replacing previous sponsors Reebok and JJB Sports.
They were reported as being the first company to sponsor two football clubs in the Barclays Premier League for the same season.[2][3] However, from 2000 to 2002, Newcastle United and Aston Villa were both sponsored by NTL, the first actual occurrence of two Premier League clubs having the same shirt sponsor.[4][5] The third such occurrence will take place in the 2010/11 season when FxPro will be the principle shirt sponsor for Aston Villa and Fulham.[6][7]
Wigan Athletic chairman Dave Whelan had turned down offers to replace previous sponsor JJB and was going to put his own DW Fitness and Sports name on the Wigan shirt but opted to take a 'very lucrative' package from 188BET instead.[8]
188BET also partner other Premier League teams Aston Villa, Chelsea, Liverpool and Everton.[9][10][11]
Controversy
In October 2009, representatives of the Premier League criticised 188BET and SBOBET for offering live betting on academy football games, maintaining that children and youth activities should not be exposed by international gambling organisations.[12] Both bookmakers subsequently suspended betting on academy games and expressed their intention to seek clarification from the Premier League and the Professional Footballers' Association about which football markets they should be allowed to offer.[13]
Notes
- ^ Licensees on the Isle of Man
- ^ "188BET agrees football shirt deal first". uk.reuters.com. 2009-05-12
- ^ Gibson, Owen (2009-05-12). "Wigan Athletic and Bolton Wanderers agree shirt sponsorship deals with same online betting company". London: www.guardian.co.uk.
- ^ Newcastle kit history
- ^ Villa kit history
- ^ Fulham signs new shirt sponsor
- ^ FxPro Announces Aston Villa Football Club Shirt Sponsorship
- ^ "Wigan chairman Whelan secures lucrative sponsorship deal". www.tribalfootbal.com. Archived from the original on 2009-05-27.
- ^ http://www.188premiership.com/en/?page_id=248 188BET completes summer signings by securing Chelsea FC deal. Accessed 2009-08-15. Archived 2009-08-21.
- ^ Clegg, Jonathan (2009-11-03). "Liverpool Signs Sponsorship Deal With 188BET". blogs.wsj.com.
- ^ [http://www.asiaplate.com/blog.php?blog_id=427 Everton sign deal with 188bet
- ^ White, Duncan (2009-10-17). "Premier League fears corruption after 188bet and SBObet offers betting on teenagers". London: telegraph.co.uk.
- ^ White, Duncan (2009-10-24). "Premier League and PFA pressure forces bookmakers to end betting on youth football". London: telegraph.co.uk.
Links
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.
Martingale
Originally, martingale referred to a class of betting strategies popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double his bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. Since a gambler with infinite wealth will, with probability 1, eventually flip heads, the Martingale betting strategy was seen as a sure thing by those who advocated it. Of course, none of the gamblers in fact possessed infinite wealth, and the exponential growth of the bets would eventually bankrupt those who chose to use the Martingale. It is widely believed that casinos instituted betting limits specifically to stop Martingale players, but in reality the assumptions behind the strategy are unsound. Players using the Martingale system do not have any long-term mathematical advantage over any other betting system or even randomly placed bets.
Effect of variance
As with any betting system, it sometimes happens that one achieves a better result than the expected negative return, by temporarily avoiding a losing streak. Furthermore, a straight string of losses is the only sequence of outcomes that results in a loss of money, so even when a player has lost the majority of his bets, he can still be ahead overall, since he always wins 1 unit when a bet wins, regardless of how many previous losses.[1]
Anti-martingale
In a classic martingale betting style, gamblers will increase their bets after each loss in hopes that an eventual win will recover all previous losses. The anti-martingale approach instead increases bets after wins, while reducing them after a loss. The perception is that in this manner the gambler will benefit from a winning streak or a "hot hand", while reducing losses while "cold" or otherwise having a losing streak. As the single bets are independent from each other (and from the gambler's expectations), the same conclusions as above apply.
References
- ^ "Martingale Long Term vs. Short Term Charts". Blackjackincolor.com.
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.
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