1. Sports Gambling Wikipedia
2. Sports Gambling Wiki
3. Sports Gambling Wikipedia
4. Sports Gambling Wiki
5. Online Sports Gambling Wikipedia

In 2001, Australia has passed the Interactive Gambling Act which prohibits the provision and advertising of online interactive gambling services to Australian users. The term of “interactive gambling” refers to casino or poker games. That being said, a handful of Australian set businesses licensed by N.T. Provide online sports betting services. Gambling Odds boards in a Las Vegas sportsbook Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur.

SBOBET.com is an online bookmaker. The website has operations in Asia licensed by the Philippines^[1] and operations in Europe licensed by the Isle of Man^[2] to operate as an international sports bookmaker. The company offers online gambling on all major sports, online games, racing (parimutuel betting), financial betting and poker in multiple languages.

The website has operations in Asia licensed by the Philippines and operations in Europe licensed by the Isle of Man to operate as an international sports bookmaker. The company offers online gambling on all major sports, online games, racing ( parimutuel betting ), financial betting and poker in multiple languages. Online sports betting was clarified to be illegal under the UIGEA 'Clarification'. To answer your question, people in the US really don't know it's illegal, or do not care. Without IP blocking being issued on the gaming sites, which have even changed their cctld extensions from dot com to dot (insert gambling friendly cctld), sports betting on.

In February 2009, the Isle of Man-based operations of SBOBET became the first operator licensed in Isle of Man to be granted approval to launch a live dealer casino from the island.^[3]

In October 2014, SBOBET launched in the financial betting sector in partnership with TRADOLOGIC. The financial binary products were launched under both Isle of Man OGRA licence and Philippines CEZA-First Cagayan licence.^[4]

Sponsorship[edit]

SBOBET have been the sponsors for various football teams like, English teams West Ham United^[5] and Leeds United^[6], Irish teams Wexford Youth^[7][8], Dundalk^[9][10] and St Patrick's Athletic^[11],Welsh team Cardiff City^[12] and Indian team ATK Mohun Bagan^[13], using the alias of SBOTOP.net. Due to concerns raised by representatives of the Premier League about exposing youth to gambling, SBOBET replaced their logo on all Cardiff City youth academy team shirts with that of the Ty Hafan Children's Hospice.^[14]

Celton Manx, operator of SBOBET, was the official Asian betting partner of Swansea City A.F.C., West Ham United F.C., Southampton F.C., Hull City A.F.C. and Norwich City F.C. for the 2013-14 season.^[15]

SBOBET were the title sponsors for the first Soccerex Asian Forum held in Singapore.^[16]

Awards[edit]

At the annual EGR Awards organized by eGaming Review Magazine, SBOBET was awarded the 'Asian Operator of the Year' award for year 2009 and 2010.^[17][18] SBOBET ranks 11th on the list of Power 50 companies in eGaming Review's 2011 ranking of the 50 most influential operators.

Controversy[edit]

In October 2008, SBOBET was asked to turn over any evidence they might have on the possible match fixing scandal in The Football Association (FA) championship between Norwich City and Derby County. SBOBET denied the FA's request, deeming it was 'excessive' and would be a breach of customer privacy^[19] Derby County won the game 2–1. In the end, the FA found no evidence that match fixing had taken place.^[20]

On 24 September 2009, two Bulgarian news agencies Novinite.com and 24 Chasa Daily published articles that wrongly suggested that SBOBET was responsible for fixing the football match between Levski and CSKA Sofia. The two agencies subsequently published correction articles, stating that SBOBET was not involved in any match-fixing scams, and apologized to SBOBET for publishing the untrue information.^[21][22]

In October 2009, representatives of the Premier League criticised SBOBET for offering live betting on academy football games, maintaining that children and youth activities should not be exposed by international gambling organisations.^[23] 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.^[24]

In October 2014, Singapore Parliament passed the Remote Gambling Bill to ban the entire spectrum of remote gambling, including internet, telephone, interactive television, radio and any other communication technology.^[25] The bill will be effective to individual gamblers, facilitators, runners and operators. Although the new law will come into operation from 2 February 2015, SBOBET has a clear policy not to take bets from countries where making or accepting bets is illegal. New account from Singapore IP address is not accepted and there is no Singapore in the drop-down list in the sign-up page. The accounts will be closed from 1 February 2015, which will comply with the new law. With effect from 12 February 2015, access to the SBOBET is blocked.^[26]

Notes[edit]

1. ^[1]
2. ^'Isle of Man Government - Gambling and e-gaming'. www.gov.im. Retrieved 21 March 2018.
3. ^'Manx on e-Gaming Winning Streak'. OffshoreNet. Retrieved 3 November 2009.
4. ^'TRADOLOGIC Powers Leading Sportsbook Operator SBOBET'. TRADOLOGIC. Archived from the original on 17 December 2014. Retrieved 11 November 2014.
5. ^'West Ham unveil new shirt sponsor SBOBET'. The Telegraph. Retrieved 3 December 2008.
6. ^'SBOTOP secures largest ever commercial deal for Leeds United'. leedsunited.com. Retrieved 12 August 2020.
7. ^officer1g. 'Wexford Youths announce SBOBET.com sponsorship deal'. Wexford Youths FC. Retrieved 2016-02-23.
8. ^'SBOBET proud to sponsor Wexford Youths in exciting League of Ireland'.
9. ^'SBOBET new betting partner of Dundalk FC; Botemania sponsor RCD Espanyol'. Calvin Ayre News. Retrieved 2016-04-11.
10. ^'SBOBET becomes the official betting partner of Dundalk FC'. SBC News. Retrieved 2016-04-11.
11. ^'Club News : Sbobet Becomes Official Betting Partner Of St Patrick's Athletic Fc'. www.stpatsfc.com. Retrieved 2016-04-18.
12. ^Cardiff City announce SBOBET Sponsor deal, Brands in Football, 29 September 2008, accessed 1 October 2009
13. ^'ATK Mohun Bagan rope in SBOTOP.net as their principal team sponsor'. Goal. Retrieved 2020-11-06.
14. ^'Ty Hafan scores with Cardiff City'. Wales Online. Retrieved 2 November 2009.
15. ^Five Prominent Premier League Teams Forge Partnership with SBOBETArchived 2013-09-29 at the Wayback Machine, SBOBET BETimes, 26 August 2013, accessed 16 September 2013
16. ^'Global betting giant secures title sponsorship of the Soccerex Asian Forum'. Fcbusiness.co.uk. Retrieved 26 March 2010.
17. ^The EGR Awards Winners 2009Archived 2010-07-23 at the Wayback Machine, eGaming Review, 1 December 2009, accessed 9 December 2009.
18. ^SBOBET celebrates award successArchived 2015-04-02 at the Wayback Machine, Isle-News, 7 December 2010, accessed 7 December 2010.
19. ^'FA match-fixing inquiry hits wall of silence'. TheGuardian. Retrieved 29 October 2008.
20. ^Match-fixing inquiry closed by FA, BBC News, 5 December 2008, accessed 14 March 2009
21. ^'Correction: SBOBET.com Not Responsible for Fixing Bulgarian Football Match'. novinite.com. Retrieved 2 November 2009.
22. ^'SBOBET is not responsible for adjusting the football game'. 24chasa.bg. Retrieved 2 November 2009.
23. ^White, Duncan (17 October 2009). 'Premier League fears corruption after 188bet and SBOBET offers betting on teenagers'. London: Telegraph.co.uk. Retrieved 2 November 2009.
24. ^White, Duncan (24 October 2009). 'Premier League and PFA pressure forces bookmakers to end betting on youth football'. London: Telegraph.co.uk. Retrieved 2 November 2009.
25. ^Lau, Kok Keng (September 2014). 'New Legal Framework To Regulate Remote Gambling In Singapore'. Singapore: Rajah & Tann Asia. Retrieved 21 October 2014.
26. ^Neo, Chain Chin (15 October 2014). 'Online gaming firms start shutting S'pore accounts'. Singapore: Todayonline.com. Retrieved 21 October 2014.

External links[edit]

Make sports bets peer-to-peer or through the betting bot.

• 2P2P betting
  • 2.3Propose the conditional payment
• 3Betting bot

Sports betting on Obyte

Obyte allows you to safely bet on sporting events by making a conditional payment that depends on a match result posted into the DAG by a third party (called the sports oracle). It’s one of easiest ways to bet using a cryptocurrency.

In March 2018 these professional leagues and championships were available for betting:

• Basketball: NBA (US National Basketball Association)
• Baseball: MLB (US Major League Baseball)
• Ice hockey: NHL (US National Hockey League)
• American football: NFL (US National Football League)
• MMA: UFC (Mixed Martial Arts: Ultimate Fighting Championship)
• Soccer: Champions League (EU), Ligue 1 and 2 (France), Premier League (UK), Primera División (Spain), Bundesliga 1 and 2 (Germany), Brasil Série A (Brazil), Primeira Liga (Portugal), Italian Serie A and B (Italy), League One and Two (UK), Eredivisie (Netherlands), World Cup, European Cup.

Sports Gambling Wikipedia

The sports oracle is operated by the Obyte lead developer. You can check the source code on Github.^[1]

There are two ways to bet on sport with Obyte:

• (Harder) Completely P2P with someone that paired his wallet with yours. See #P2P_betting
• (Easier) Using the sports betting bot that acts as a betting marketplace and facilitates making the smart contracts. See #Betting_bot

P2P betting

To make a bet P2P you need to be in contact with someone that is willing to bet with you. You will both send to a smart-address an amount of bytes corresponding to the odds you have negotiated. Depending on the result, one of you will collect the total amount staked.

Get the feedname

First you need to obtain the feedname of the desired fixture. This feedname will then be used in the contract you draw up. To get this feedname from the sports-oracle bot, follow these steps:

1. Click on: Chat > Bot Store > Sports oracle > open chat
2. Click on the championship corresponding to the desired fixture
3. Click on: coming fixture
4. Click on the desired fixture
5. The bot will give you a feedname similar to BROOKLYNNETS_CHARLOTTEHORNETS_2018-03-21. Copy and paste it somewhere (in your Notepad, for example) to keep it to hand.

Pair with your peer

In order to execute a smart contract (called conditional payment in this case), you have to be paired with your peer/counterparty.

1. Click on: Chat > Contacts > + Add a new device > Invite the other device
2. Copy the pairing code and send it to your peer
3. Your peer has to click on: Chat > Contacts > + Add a new device > Accept invitation from the other device, and paste the received code.

You’re now in an encrypted chat with your peer and will be able to propose to him a conditional payment,

Propose the conditional payment

1. Ask your peer to insert his address: he clicks on the 3 dots (…) at the bottom left, clicks on Insert my address, then sends it
2. You then left-click on his address and choose Offer a contract.

The contract is self-explanatory and describes the precise conditions under which you or your peer can take the funds staked.

You have to:

1. Select Sports betting as oracle
2. Paste the feedname obtained previously from the Sports oracle, for example: BROOKLYNNETS_CHARLOTTEHORNETS_2018-03-21

To bet on one team winning, for example Charlotte Hornets:

1. Select = as the logic operator
2. Use that exact team name as the expected value, namely CHARLOTTEHORNETS.

To bet on one team not winning (i.e., lose or draw), for example Charlotte Hornets:

1. Select = as the logic operator
2. Use that exact team name as the expected value, namely CHARLOTTEHORNETS.

Notes

Sports Gambling Wiki

• On the third field, take my money back after ___ hours, the time-out should be set before the beginning of the fixture otherwise your peer would have an unfair advantage in deciding to fund or not fund the contract.

• On the last field, after it expires in ___ days, set a time at least 3 days after the fixture in case the oracle delays in posting the result.

• If the fixture is canceled or moved to a different day, the oracle will never post the feedname and the contract condition won’t happen. You have to consider the bet as a 'show and win/not win' and the negotiated odds should consider that. If you want both parties to get a refund as they would with a casual bookmaker, then better use the betting bot as it offers a more elaborate contract.

Send the contract

When your contract is set up as you wish, send it. Your peer will get a payment request that shows him all the terms of the contract. The bet will be active after he has paid his share to it. If he won’t pay, you can get your stake back after the time in the take my money back after ___ hours field.

Getting the payout

The sports oracle usually posts the result six hours after the fixture. It will send you a notification when the result is posted in the DAG and the payout is available.

If the posted result matches the condition set, you can get the payout immediately. If not, the peer has to wait until the end of the expiry time-out to get paid.

Getting the pay-out is done by moving the stakes from the smart address to one of your main addresses. To do it, go to your wallet Home and select the sub-wallet corresponding to the bet (click on wallet middle-top). Then click on Send and make a transaction that sends all the stakes to your main wallet. If the stakes are other than bytes, you will need to send bytes to the sub-wallet to cover the transaction fee. After the confirmation time, your funds will be available in your main wallet and ready to be spent.

Betting bot

This chatbot is a marketplace where gamblers and bookmakers can meet. It is divided into two modes:

• Taker mode: This is the default mode which allows a gambler to place a bet with only a few clicks. A human-readable smart-contract is proposed so the gambler doesn’t have to trust the bot. The result is given by a third-party (the Sports oracle) and it is possible to get the payout even if the bot goes down.

• Maker mode: This is a more advanced mode for people wanting to earn bytes by acting as bookmakers. The bookmaker sets odds to be proposed for the fixtures of his choice. Then the bot proposes a smart-contract for gamblers willing to take the offered odds.

Sports Gambling Wikipedia

Pairing with the chatbot

In order to use the betting bot, you need to pair with it. To do so, click on: Chat > Bot Store > Betting bot (Semi-trustless) > Open chat. Once paired you can access it at any time from Chat > Contacts.

Selecting a bet

Sports Gambling Wiki

In the welcome text, the chatbot shows the best odds available for the upcoming fixtures. They are classified by time and you can browse them by clicking on next >> or << previous.

It’s possible to filter by sport by clicking on one of the sport icons:
Apply filter: 🏀 - ⚾ - ⚽ - ❄ - 🏈 - 👊.

If you don’t find the fixture you want, you may look again a few hours before it starts since most bookmakers tend to propose their odds then in order to not tie up their funds for a long time.

For every sport but soccer, two odds are shown. The first is the decimal odds for the home team winning, the second is the decimal odds for the away team winning.

For soccer three odds are shown, the middle one being the decimal odds for a draw.

If n/a appears instead of odds, it means that no odds have been set for this outcome and so it’s not possible to bet. You might consider coming back later since most bookies propose their odds only a few hours before the fixture.

Once you have clicked on the desired odds, the bot indicates what the payout would be based on the amount of your stake. Since the bot selects the best offers from the different bookmakers, the resulting odds can decrease as long as the stake increases. You can click directly on a suggested amount, or you can type the precise amount you want to stake. After you’ve inserted your address into the chat as requested, you will immediately see a payment to a smart-address corresponding to your potential gain and you will be asked to pay your share to the bet.

Paying the bet

Click on the payment request. A human-readable smart-contract will be shown. Scroll down, then click on Send payment. The bot will notify you that your payment is pending, and again some minutes later when it is confirmed.

Getting the payout

Usually six hours after the fixture, the result will be posted into the DAG by the oracle and the contract will be unlockable by one of the parties. The bot will register when the result is posted. It will notify you of the result: if you have won you will be invited to collect your winnings from the shared address.

As before, getting the pay-out is done by moving the stakes from the smart address to one of your main addresses. To do it, go to your wallet Home and select the sub-wallet corresponding to the bet (click on wallet middle-top). Then click on Send and make a transaction that sends all the stakes to your main wallet. After the confirmation time, your funds will be available in your main wallet and ready to be spent.

If you lost the bet, you don't need to do anything. The bot will collect all the bytes and the shared-address is not shown anymore in your wallet.

If the fixture is canceled or postponed, the oracle won’t post the feedname used by the contract. In such a case the contract allows the bot to collect the bytes five days after the fixture, and it will refund both parties.

Odds displayed on a website

There is a website, which shows all the Betting bot odds. It also has a odds converting tool, so you can see the odds in fractional (British) and moneyline (American) format, additionally to original decimal (European) format.

External links

Online Sports Gambling Wikipedia

References

1. ↑https://github.com/byteball/sports-oracle