A brand-new high risk sports gambling market promising punter windfalls will be directed at Australia’s most at risk gamblers. The system – called sports spread gambling – entails Points Bet, the bookmaker, offering a margin if the outcome will be lower or higher, with the punter backing. If the margin is bigger than their wager, but unlike margin gambling punters will be rewarded. On the flipside, if the wager isn’t right, individuals would be responsible for more money than their original bet. The nature of the system has experts concerned about the impact on problem gamblers and men. The wager works by Points Bet placing the line, for example, between Collingwood and Melbourne winning by 10 points.
The punter should then pick over or under 9 points or 11 points. For a three stage Dees win the punter will still lose $80 since its eight points beneath the line. Loss and A win is set. The more your wager wins, the more you win, the greater your wager loses, and the more you lose the investor bundle spruiks. Points Bet is also eager to ride explosion in popularity of US sports which young men are gambling on. The National Basketball Association has passed the AFL as the most famous sport to bet on. You get to ride the more highs and lows of a sporting event together with the team you back.
Every point that scores improves your financial position, Points Bet says. Points Bet chief executive Sam Swanell said there will be protection for punters including weekly spend limits and detailed records available. He also said that there will be lots of info for the kind of informed gambler they’re targeting. We understand it’s something different, we’ll put a lot of effort in education, Mr Swanell said. All of the big bookmakers in Australia all do the more same thing, we’re bring something new, different and thrilling to the market. The presentation says that in Britain spread gambling clients are worth roughly 4 times that of fixed odds punters.
The system also guarantees huge profits compared to traditional betting. The investor package evaluates that in a normal fixed odds gross profit market with $10, 000 wagered on each below and over, the profit will be just $800, but in spread gambling the profit will be $20, 000. Despite a lower average wager size and wager count per month, we’ll make greater revenue per wager due to increased margins associated together with spread gambling, the investor package says. Investors are guaranteed an aggressive targeted advertising campaign. The founders have experience in online gambling with Mr Swanell and the operations manager Andrew Fahey both working at TomWaterhouse.com.