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Spreadex sees annual profit rise of 30%

SBC News Spreadex sees annual profit rise of 30%

Spread betting and fixed odds operator Spreadex has seen profits rise by nearly 30% according to the latest financial accounts filed at Companies House. The firm, which offers sports betting and financial trading from one account, posted profits before tax of £18.5m from turnover of £35.4m for the year ending 31 May 2014. Spreadex, originally formed in 1999, has seen …

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Swedish tipster wins €10k as bettingexpert’s Tipster of the Year

SBC News Swedish tipster wins €10k as bettingexpert’s Tipster of the Year

One of Europe’s best tipsters has scooped another €10,000 after winning bettingexpert’s Tipster of the Year competition for 2013/14. Swedish tipster ‘Zami’ came top of the leaderboard for the year after achieving a profit of €3,258.90 across almost 8,000 bets with an average yield of 4.7 per cent. He outperformed more than 1,500 other tipsters who give their tips for …

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Bookmakers count the cost of Oscar consolation

InCrowd

Germany’s 7-1 demolition of Brazil has left some bookmakers scratching their heads over how some of their punters still managed to make money from correct score predictions. Four Paddy Power customers bet on the 7-1 scoreline, with one Essex punter seeing his £5 stake turn into £2,500. Spokesperson Josh Powell commented in the Paddy Power Blog: “If you think it …

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Pinnacle Sports: Brazil bigger than Euros and South Africa combined

SBC News Pinnacle Sports: Brazil bigger than Euros and South Africa combined

Phil Hudson, Acquisitions Manager at Pinnacle Sports, discusses his firm’s decision to open up the World Cup Final to $1million bets. Do you anticipate the World Cup Final to be your biggest ever betting market? Yes, we fully anticipated volume to exceed both Euro 2012 and World Cup in 2010 combined, with live and mobile components of that making significant …

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Betfred takes on MarginMaker for Australian operation

SBC News Betfred takes on MarginMaker for Australian operation

GTECH has announced that it has been selected to provide the technology platform to support Betfred’s launch of its new Australian interactive sports betting operation. GTECH’s industry-leading MarginMaker platform supported the launch of Betfred’s sportsbook product in May 2014. The initial sports betting launch included the mobile sportsbook, with online and racebook launches to follow in the coming months. GTECH …

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Pinnacle raises the limit to $1m for WC Final

SBC News Pinnacle raises the limit to $1m for WC Final

Pinnacle Sports is taking World Cup betting to the limit by accepting $1,000,000 bets on the final in Rio on July 13th. The Curaçao-based operation’s incredible limits offer high-rolling bettors the chance to back up their judgement with a considerable bankroll. Those with deep-enough pockets can actually bet that maximum amount over and over again. And should those monster bets …

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NETELLER becomes Crystal Palace sponsor

SBC News NETELLER becomes Crystal Palace sponsor

Payments firm Optimal Payments Plc has become the official sponsor of Crystal Palace Football Club for the 2014-15 and 2015-16 seasons. Optimal Payments will use the platform to raise the global awareness of its NETELLER service and Net+ Card stored-value offering which will be displayed on the front of the team’s shirts from the start of the 2014/15 English Premier …

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