Flutter has Concerns about Ireland’s Gambling Regulation Bill

Earlier this week, the gambling industry in Ireland went thru some major changes. This is because the Gambling Regulation Bill in Ireland passed both houses and will soon become law. Or at leas,t it will as soon as President Higgins signs uit. However, some sports betting companies and operators are not all on board with it. In fact, Flutter has Concerns about Ireland’s Gambling Regulation Bill or at least some parts of it.

This is because they have concerns as to how it will impact the horse betting market or those that want to open a racebook. In addition, they believe that it could create a rise in the illegal sports gambling market.

The Reasons why Flutter has Concerns over the Gambling Regulation Bill in Ireland

Flutter Entertainment has responded to the recently passed Gambling Regulation Bill in Ireland, which was finalized this week.

Initially introduced in late 2022 in Dáil Éireann, the bill has successfully navigated through both Houses of the Oireachtas. According to the pay per head industry, it is the first significant overhaul of gambling legislation in Ireland since 1956.

The legislation establishes the Gambling Regulatory Authority of Ireland, known as Údarás Rialála Cearrbhachais na hÉireann, and introduces various measures concerning advertising, the black market, and inducements. Additionally, it will create a Social Impact Fund and establish a National Gambling Exclusion Register.

In the lead-up to this significant development, industry stakeholders expressed concerns regarding certain aspects of the bill. The Irish Bookmakers Association (IBA) had previously communicated with Gambling Insider in May about potential “unintended consequences” stemming from the draft legislation.

Wider industry apprehensions have also emerged regarding issues such as stake and win limits, advertising restrictions, combating the black market, and limitations on inducements. Observers have noted the effects these measures have had in other countries and the potential implications for Ireland.

In light of the bill's passage, a spokesperson for Flutter UKI stated: “As a long-time advocate for regulation in Ireland, we welcome the new Gambling Regulation Bill but remain apprehensive about several unintended consequences.

“While we endorse many elements of the new legislation, we are concerned that its current formulation may adversely affect the future of horse racing in Ireland and could drive more players towards the unlicensed and unregulated black market.

 “Nonetheless, we are eager to collaborate closely with the new Gambling Regulatory Authority of Ireland to enhance standards throughout the industry.”

Use Multiple Sportsbooks to Increase Your Betting Profits

The majority of people that bet on sports, do it as a fun hobby to make the game more interesting. However, it does not mean that they do not care about winning their bets.  This is because there is nothing better than seeing your team win while at the same time profiting from it. Therefore, today we will teach you how to Use Multiple Sportsbooks to Increase Your Betting Profits!

When it comes to sports wagering, a bettor needs more than a feeling that a team will win.  At least, if the bettor wants to make money.  This is because to make a winning sports betting pick, a bettor needs information and a strategy.  However, a true professional bettor will also use different online sportsbooks to increase his odds of winning.

Why Use Multiple Sportsbooks to Increase your Betting Profits

A Bookmaker or sportsbook has the overall long-term advantage when it comes to making a profit. This is because they have more money which means the can play a lot longer than a player. Furthermore, their strategy for making a profit is different from a bettor.  This is because when sportsbook pay per head and bookies create the sports betting odds, they want bettors to wager on each side.

Since all sportsbooks have that strategy, then it means that different online sportsbooks will sometimes have different odds. This is because different sportsbooks will have different players that bet differently.  Thus, to equalize the betting, they will change the odds according to the way their players’ wagers.

Therefore, by using multiple sportsbooks, a bettor can look for sports betting odds that give them the most profit. The reason is because you can a bet on the same team but with different odds at a different sportsbook. For example, sportsbook 1 has the at -200 odds while another sportsbook has the same bet a -185. Therefore, if you take the betting odds at -185, then that means you risk less money to win the same amount.

Of course, this also works the same when you bet on the underdog.  Where you could win more by betting less money.

What is Line Shopping

A fundamental strategy for effectively utilizing multiple sportsbooks to enhance profitability is line shopping. This practice entails comparing odds across various sportsbooks to identify the most advantageous value for your wagers. Engaging in line shopping is crucial for anyone aspiring to be a successful bettor.

What Does Line Shopping Entail?

Line shopping refers to the examination of multiple sportsbooks to discover the most favorable odds for a particular event. Given that sportsbooks are in competition with each other, they frequently present slightly varying odds for the same game. This scenario provides astute bettors the chance to select the most advantageous line, thereby maximizing potential payouts.

For instance:

·         Sportsbook A might list the New England Patriots at -3.5, whereas

·         Sportsbook B lists them at -3.

By opting for Sportsbook B, you secure a more advantageous spread, thereby enhancing your likelihood of winning the bet. Even minor discrepancies in the lines can significantly influence your long-term success.

We recommend using BetOnline.ag as your primary or secondary sportsbook. This is because they have excellent betting odds, generous bonuses and fast payouts.