Categorysports betting

sports betting

Deutsche Telekom and Centerbridge to bid for betting firm Tipico: sources | Reuters

The depth of potential post-deal cooperation between Tipico and Tipp3 is unclear, but could get a boost if Deutsche Telekom acquired rights to stream some German top-flight Bundesliga soccer matches on the Internet.

Final bids for Tipico, whose owners are being advised by Rothschild and JP Morgan, are due at the end of next week.

By Arno Schuetze

| FRANKFURT

The planned offer may value Tipico at about 1 billion euros ($1.1 billion), or roughly 9 times its expected core earnings, in line with the valuation of listed peers like GVC (GVC.L), one of the people said.

Deutsche Telekom also holds rights to show other sports like basketball and ice hockey on the Internet. All of the potential bidders declined to comment, except for Xio, which was not immediately available.

(Additional reporting by Harro Ten Wolde and Jan Lopatka; Editing by Maria Sheahan and Alexander Smith)

“Live feeds are essential for any sports betting group,” a person familiar with the matter said, adding Tipico could become less dependent on pay-TV operator Sky (SKYB.L) if Deutsche Telekom acquired it and won some Bundesliga rights.

Last year, Tipico posted earnings before interest, taxes, depreciation, and amortization of about 110 million euros, the sources said. Sky still holds a 20 percent stake in Sky Bet.

Deutsche Telecom aims to take a minority stake in privately-held Tipico – a sponsor of soccer clubs like FC Bayern or Hamburg’s HSV – as it seeks to expand revenue outside its traditional business, the sources told Reuters.

XIO Group, a China-based buyout firm, is also expected to bid, while Czech lottery firm Sazka, which is owned by investors Emma Capital and KKCG, is unlikely to present a high offer, two other sources said.

FRANKFURT Buyout group Centerbridge has joined up with Deutsche Telekom (DTEGn.DE) to bid for Tipico as an auction of Germany’s largest private sports betting group nears an end, two people familiar with the matter said..

Sazka’s appetite for deals had waned since its recent investment in Casinos Austria and a joint bid with Austria’s Novomatic for a lottery concession in Italy, one source said. Deutsche Telekom, Centerbridge, Tipico and its owners declined to comment.

Betting has been a part of Deutsche Telekom’s strategy for some time.

At the time, Deutsche Telekom said it expected the sports betting market to grow, with an estimated German market volume of about 5 billion euros. It owns a 64-percent stake in Deutsche Sportwetten (DSW) GmbH, the owner of Austria’s sport betting group Tipp3, which launched a service for Germany last year.

Private equity group CVC is also expected to hand in a competitive offer, the sources said.

Centerbridge would buy the majority of Tipico, which is being sold by its founders, they said.

“CVC could reap synergies by combining Tipico with online betting group Sky Bet, which it bought in late 2014, and may therefore be able to make the highest offer,” one of the people said

Why You Will Lose Money by Sports Betting

The odds just don’t allow it. Chelsea are expected to win most of their games and so the odds

for Chelsea to win are very low, whereas the odds on the other team to win and

the draw are quite high. A very simple example:

If Chelsea wins then I win £10 – 5%

Even if you do become successful and manage a winning streak,

the chances are that bookmakers will limit or even suspend your account and in

some cases just refuse to pay out. If Chelsea draw then I lose £10, I can only win

if Chelsea wins.

Gambling over the Internet

Sports’

betting has never been easier to do. The exchange

takes a 5% cut from the winner of the bet. You

may even manage it once but then to keep on doing it, is very unlikely.

You could win eight times out of ten then lose all your profits

on the two games Chelsea lost or drew. It

is very unlikely that you will ever get the odds needed to complete a book. There are literally thousands of sites on

the Internet all dying to get their hands on your money. Nowadays, there is a way for you to become the

bookmaker, due to the emergence of Betting Exchanges such as Betfair and

Betdaq.

I place a £10 bet on Chelsea to win

In

theory you can become the bookmaker by laying every outcome so that you will

make a small profit once you have paid out to the winner. It is all down to maths.

Someone else bets £10 that Chelsea will not win.

Can you see that I am at a disadvantage from the start? If

Chelsea lose then I lose £10. They offer generous

incentives for you to join them with some sites offering to match your deposit

up to £200 and do you know why? It’s because they know that they will get their

money back plus most of yours.

The

only person to win is the bookmaker, when did you ever see a bookmaker riding a

bicycle? Never is the answer. In practice making a

book (as they call it) is almost impossible. Exchanges use

bots (software) to keep the odds markets artificially fluid that ensure that

people will bet more, especially when an event is in running.

That was a very simplistic example. It is these differences in the betting odds that

ensure that you will never win at sports betting.

The only people who are making money out of gambling are the bookmakers;

the exchanges and the spammers who sell systems that promise you the earth.

Don’t fall for it; within a few months they will be selling another system

because their earlier ones don’t work.

Betting Exchanges

A betting exchange is different to a usual bookmaker because you

are matching your back bet with a lay bet placed by someone else. In reality it’s much more

complicated. In other words, the more successful you

become then the less you will actually win until eventually you lose any profit

that you gained.

Why You Will Lose Money by Sports Betting

Chelsea are expected to win most of their games and so the odds

for Chelsea to win are very low, whereas the odds on the other team to win and

the draw are quite high. Nowadays, there is a way for you to become the

bookmaker, due to the emergence of Betting Exchanges such as Betfair and

Betdaq.

Someone else bets £10 that Chelsea will not win.

That was a very simplistic example. You

may even manage it once but then to keep on doing it, is very unlikely.

The

only person to win is the bookmaker, when did you ever see a bookmaker riding a

bicycle? Never is the answer. It is these differences in the betting odds that

ensure that you will never win at sports betting.

Even if you do become successful and manage a winning streak,

the chances are that bookmakers will limit or even suspend your account and in

some cases just refuse to pay out. It

is very unlikely that you will ever get the odds needed to complete a book. In other words, the more successful you

become then the less you will actually win until eventually you lose any profit

that you gained.

I place a £10 bet on Chelsea to win

You could win eight times out of ten then lose all your profits

on the two games Chelsea lost or drew. In reality it’s much more

complicated. A very simple example:

In

theory you can become the bookmaker by laying every outcome so that you will

make a small profit once you have paid out to the winner. It is all down to maths. Exchanges use

bots (software) to keep the odds markets artificially fluid that ensure that

people will bet more, especially when an event is in running.

Gambling over the Internet

Sports’

betting has never been easier to do.

If Chelsea wins then I win £10 – 5%

The only people who are making money out of gambling are the bookmakers;

the exchanges and the spammers who sell systems that promise you the earth.

Don’t fall for it; within a few months they will be selling another system

because their earlier ones don’t work.

Can you see that I am at a disadvantage from the start? If

Chelsea lose then I lose £10. The odds just don’t allow it. The exchange

takes a 5% cut from the winner of the bet. There are literally thousands of sites on

the Internet all dying to get their hands on your money. They offer generous

incentives for you to join them with some sites offering to match your deposit

up to £200 and do you know why? It’s because they know that they will get their

money back plus most of yours.

. In practice making a

book (as they call it) is almost impossible. If Chelsea draw then I lose £10, I can only win

if Chelsea wins.

Betting Exchanges

A betting exchange is different to a usual bookmaker because you

are matching your back bet with a lay bet placed by someone else