Sky Bet is the latest operator to introduce a minimum bet guarantee for horse racing punters. It is now promising to lay any horse up to at least £500 in every Class One or Class Two race in the UK. It follows similar offers from Bet365, Betfred, William Hill and Betfair Sportsbook. Sky Bet’s racing PR manager, Michael Shinners, said: “We already offer a very competitive racing package with extra places and price boosts and the guaranteed minimum bet will hopefully prove popular with existing and potential customers.” The guarantee covers the win part of each-way bets and does not extend to multiples. The Horseracing Bettors Forum, which has long campaigned for a £500 liability guarantee, said: “While not as comprehensive a provision as some, it is a further step in the right direction, and another operator prepared to allow previously restricted customers to have a reasonable bet on some races.” Read more at The Guardian.
The Telegraph has a story about a group of Ladbrokes Coral investors taking on the UK government over claims they lost £700 million due to delayed reforms to Fixed Odds Betting Terminal stakes. GVC snapped up Ladbrokes Coral in a multibillion-pound deal in March 2018. At the time there was uncertainty about the plan to reduce the maximum stake on the FOBTs from £100 to £2, so the shareholders were given “contingent value rights”. The protestors say the government’s decision to cap FOBT stakes at £2 effectively rendered the CVRs worthless, claiming that they have been “diddled”.
A London punter won £16,000 in a seven-leg football accumulator by backing both teams to score in each game. His prediction was correct in the first six games – Brentford v Nottingham Forest, Hull v Derby, Sheffield United v Aston Villa, Southend v Charlton, Cheltenham v Colchester and Oldham v Crawley – leaving him nervously awaiting the final contest. That game saw Millwall host Swansea on Saturday evening, and he may have been biting his nails at half-time, with the score 0-0 and the Swans down to 10 men and parking the bus. Millwall took a 1-0 lead on 62 minutes, but then Swansea fought back in heroic fashion, banging in two late strikes to secure an unlikely win. Bookmaker Paddy Power said the punter had pulled its pants down! Also check out Campaign Live for details of a new Paddy Power museum in Dublin that celebrates the brand’s most risqué ads throughout the years.
The NFL returns this week and it has scrapped its long-standing ban on gambling ads. As part of the move, casinos will be allowed to use NFL team logos on advertising and promotional material. The Drum has more details on this.
A Finnish teenager was handed a suspended jail sentence and ordered to repay €135,000 to a Malta-based online gambling site after scamming the operator. The boy took advantage of an IT glitch to register as a customer with a fake date of birth. The site’s system was set up to give customers the option of cancelling the return of their funds, so that the refund was paid into an online wallet as well as the customer's bank account. Over the course of a month he exploited the bug to transfer a total of more than €132,000 to his personal bank account. He got off lightly because he was a minor at the time, and for those reasons he cannot be identified. He had to pay back the €132,000 and pay €3,000 costs. His father received a five-month suspended sentence for aggravated money laundering and was also ordered to hand over €14,500 euros that had been transferred to his account. The boy’s mother received a 60-day suspended sentence for money laundering, and was ordered to repay €2,300 euros and a motorcycle valued at more than €5,000 euros that was purchased using the ill-gotten gains. Check out YLE for more.