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vote as of Wednesday and expects a final amount of 50 million pounds. That surpasses the 40 million pounds placed on the 2012 U.S. He intends to vote to leave the E.U., but has placed bets on “remain” to at least get something in case of his side’s defeat.. Polls suggest it is too close to call, while bookies give the “remain” side a higher chance of winning.
Thursday’s vote on whether to leave the European Union, which will have lasting consequences for the country and Europe, is due to break the record as the most bet-upon political event in Britain’s history. “But my big win is to leave the E.U.”
Betting on political events used to be a niche area in the gambling industry but has become more widespread, particularly in Britain. The industry is expecting 100 million pounds, or nearly $150 million, to be wagered by the time the result is known in the early hours of Friday.
The betting has also gained the attention of global investors as a gauge of the likelihood of an event’s outcome. But the importance, drama and uncertainty that have surrounded this vote have made it a spectator sport in its own right. presidential race, which was its previous record for a political event.
For Stephen Jones, 55, betting is a form of insurance against disappointment. This material may not be published, broadcast, rewritten, or redistributed. referendum betting already hit a record for a political event days ago for Betfair, bookmaker BetFred and IG, the largest provider of spread betting services.
“If we are going to remain in the E.U., at least I will take compensation,” said Jones, who expects to get 3,000 pounds back in profit in such an event. That’s particularly true since pollsters have missed badly in measuring sentiment before some of Britain’s most recent votes, the last general election and the Scottish referendum.
“This is comfortably the biggest political betting event in history and dwarves both the general election and the Scottish referendum,” says Lewis Davey, spokesman for Paddy Power, referring to the Scottish vote on independence last year.
Betting is his way to get in on the drama because as a foreign citizen from China he will not have a right to vote. It has become increasingly popular, particularly to bet on financial markets.
Betfair, bookmakers Ladbrokes and Paddy Power and the Betting Research Unit at Nottingham Business School all estimate that the total value of bets on the vote placed in Britain will reach, and likely exceed, 100 million pounds.
The bookies’ odds have largely been in synch with global financial markets. Spread betting, on the other hand, does not provide a simple win or lose outcome, but can provide payoffs based on the accuracy of the bet. Such betting fever is normally associated with major sports events, with people here habitually placing wagers online or in betting shops on everything from horse races to football matches. That’s reflected in financial markets, where stocks and the British pound are relatively buoyant one day before the big event.
LONDON — As if the stakes were not high enough in Britain’s nail-biting vote this week, people are betting record amounts of money on its outcome.
Betting exchange Betfair says it had taken 45.8 million pounds in wagers on the E.U. While the polls show this week’s vote is too close to call, bookies like Betfair are giving the “remain” side a 76 percent probability of winning. All Rights Reserved. He was back in the betting shop this week to place additional wagers on behalf of three American friends.
“This is a historical event, and I want to take part in it,” said Can Zhao, an investment researcher who last week placed a 135-pound ($198) bet on “remain” at a Ladbrokes betting parlor near London’s Kings Cross train station.
E.U. The referendum also outmatches the 35 million pounds placed on the 2014 World Cup Final.
Betfair allows people to place wagers against each other rather than setting odds like the traditional bookmakers Read More
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While that’s little changed from what Fighting Irish fans paid last year, it’s 17% more than the average price for games at No. Notre Dame football brought in nearly three times that average amount, or $86.2 million. 2 Ohio State this season. The Alabama tickets are actually 12% cheaper than they were last season. 2 in 2014, when they narrowly trailed Ohio State. That makes them only the 21st most expensive ticket, despite the team’s recent on-field success. That comes to an average of about $30 million per school. Notre Dame’s home game that day vs. 1 in price three of the last four years and were No. 2, 2016 by Chris Isidore @CNNMoney September 2, 2016: 3:21 PM ET
Fans will pay an average of $335.35 on the secondary ticket market to watch Notre Dame at home in South Bend this season, according to ticket tracker TiqIQ.
These are the prices that the tickets which are resold by fans, not what the teams get for tickets. 17 game when Ohio State visits Oklahoma will be the most expensive game in college football, with an average price of $687.86 to see the first Big Ten team to visit Oklahoma in 30 years.
CNNMoney (New York) First published September 2, 2016: 3:21 PM ET
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The most expensive college football ticket can be found here – Sep.
Meanwhile tickets to watch defending national champions Alabama are a relative bargain at an average price of $142.28.
Related: Under Armour signs on with Fighting Irish
Total football revenue for the 146 schools with major programs came to $3.7 billion for the 2014 season, the most recent figures reported to the federal government.
Notre Dame tickets are frequently the most expensive college tickets in the country. Michigan is the fifth most expensive ticket of the season at $524.23. They’ve been No. The team’s large fan base beyond those who attended the school helps drive up demand for tickets, along with prices.
The college football season starts this weekend.
While Notre Dame has the highest average ticket prices, the Sept Read More
And in June, Major League Baseball and the players’ association teamed up with card manufacturers Topps and Upper Deck to launch the first ever National Baseball Card Day, giving out 500,000 card packs at hobby shops and retailers nationwide in an effort to promote the hobby.
But many in the industry, like Madec, who is currently attending the National Sports Collectors Convention, is certain that is there is a future for this enduring hobby, despite its setbacks in recent years. (See the most valuable cards.)
Cards dating back to the turn of the 20th century that were produced as promotional items for ice cream, candy and tobacco companies are some of the hottest cards on the market right now, according to collectors.
But there is a lot of fickleness too, says Scott Kelnhofer, editor of Card Trade, the monthly trade journal for the sports collection industry
“It’s a tricky thing,” Kelnhofer says. But with Ripken’s achievement faded from the minds of collectors, that same ungraded card would only fetch $40 today.
The market has been bouncing back, particularly vintage cards, those that date backs 25 years or more. “The vintage market is still the place for people to get involved purely from an investment standpoint,” says Kelnhofer. Steroids’ next victim: Baseball labor peace
Hope for future?
In fact, the fabled Honus Wagner card, which was produced by the Sweet Caporal Cigarette Company in 1909, is currently the most expensive card in existence, worth a cool $1.265 million. But that was until the card companies tried to get in on the fun. “There’s no guarantee it will happen,” says Dickler. “It turned people off.”. Flooding the market with multiple versions of new cards, the manufacturers drove down card values.
What’s hot now
The hobby looks like it has rebounded from the doldrums of the 90s, but is there money to be made in collecting Aarons and Ruths?
“It just got too out of hand,” says Madec, who runs his own firm, Andy Madec Sports Cards Inc. It boils down to a couple of simple principles — how many there are and what kind of condition the card is in.
Up until the late 1980s and early 1990s, collectors were living in a golden age, says Madec – returns of 20 percent in just six months were not unheard of. In 1996, the year after Ripken broke Lou Gehrig’s record for number of most consecutive games played, a card in mint condition that had not been professionally appraised would have sold for $90. “The questions are still out there as to whether it will have an impact or not.”
Most valuable cards
Take Cal Ripken Jr.’s 1982 Topps rookie card. “Investors just need to hear it’s safe to go back in.”
NEW YORK (CNNMoney.com) — Once a year, baseball-card collectors gather for the granddaddy of all sports collectible conventions – the National Sports Collectors Convention.
Currently underway in Anaheim, Calif., the four-day event will not only be a place for collectors to haggle over the value of their Lou Gehrigs and Jackie Robinsons, there’s bound to be a few collectors who reflect on how the hobby took a nosedive during the 1990s.
Earlier this year, the Major League Baseball Players Association lent their assistance, cutting in half the number of licenses it offers to card manufacturers in an effort to rid the glut of new cards on the market.
Dealers like Stephen Dickler, who runs SD Trading, located just outside of Philadelphia, says moves such as this could work, but it’s too early to tell. “There’s always buyers and sellers for that material.”
Then there are the cards from the 1970s and 1980s, which predate the card explosion, that some experts like Kelnhofer say could experience the next wave of popularity.
Best baseball books
Even though the hobby struggles to bring young collectors into the fold, there have been some promising signs for baseball card collecting as of late.
Rookie cards of players like Mickey Mantle, who typified the golden era of baseball, are always in high demand among older collectors.
Andy Madec, a dealer based in Camarillo, Calif., remembers that time vividly.
Even in good times, collecting is a tough hobby Read More
In doing so they attempt to make more attractive the team that is getting less action. Also, adjustments are made after reading each team’s local newspapers to get a sense of what the coaches & players are thinking going into the game.
Individual books having players who consistently bet with certain tendencies (such as an extreme bias toward favorites or toward a certain popular team like USC)
The last step in the line-making process for each oddsmaker is taking one final look to determine whether or not the line “feels right.” This is where common sense and past experience with how games are bet enters into the picture.
Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines.
A round-table discussion among the 4-5 oddsmakers involved in making the line for each sport is then conducted and a consensus line is decided upon by the Odds Director before it is released to the sportsbooks. That is not the case at all – their intent is NOT to evenly split the ATS result between the teams; rather, their goal is to attract equal betting action on both sides. Stated another way, they want to create a line that half the people find appealing to bet one way while the other half find it appealing to bet the other way (known as ‘dividing the action’). Of course there is an entire method to the madness on how the opening line is created.
Once the opening line is released by LVSC, the individual sportsbooks decide if they want to make any adjustments before offering it to the public. Reasons for such adjustments include:
Why the Line Changes
Once betting begins, sportsbooks can adjust the line at any time. Of the 4-5 oddsmakers, generally the 2 most respected opinions are weighed more heavily by the Odds Director before he decides on the final line.
Experts working for the individual books having a strong opinion on the game
The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks. In our extended interview, Seba explained that there are 4-5 oddsmakers assigned to make lines for each of the major sports (pro & college football and basketball; MLB, NHL, boxing, golf). If an oddsmaker comes up with a preliminary line of USC -7, then an adjustment up to -7.5 or -8 would be made in response to the public’s expected USC bias.
“The main objective is that our clients get equal action on both sides,” Seba said. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process.
How the Opening Line Is Made
Once a game’s power rating based pointspread is determined, the oddsmaker will make adjustments to that line after considering each team’s most recent games played and previous games played against that opponent. “We’re not trying to pick the team that covers the spread, we’re trying to make it a coin flip, a tough decision (for the bettor). Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years. By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach.
Oddsmakers can also change the line depending on various event-related factors such as player injuries or weather.
The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action.
“The #1 thing for us is to make a line for each game that creates good two-way action.
For example, if the pointspread on a game is 7 and most of the money is coming in on the underdog (taking the +7), sportsbooks will then move the number down to 6 ½ to try and attract money on the favorite.
. For example, the public might have heavy betting interest week after week on a popular college football team such as USC.
Divided action means the sportsbook is guaranteed a profit on the game because of the fee charged to the bettor (called juice or vig – typically $11 bet to win $10). If we’ve done that, we’ve done our job.”
“You either have a passion for it or you don’t,” Seba said. Obviously, if the line comes out a week ahead of the event (which is the case in football), there is much that could happen during the week leading up to the event that could affect the line. Moving the line is the oddsmaker’s effort to balance betting action, and often times such moves can have a major impact on a bettor’s decision. This usually includes having up-to-date power ratings on each team. By moving the line, sportsbooks can influence how the public bets on a particular game. Examples of non-game factors that would require an adjustment to a team’s power rating are key player injuries and player trades. People think it’s much more complicated, but it’s not.”
Power ratings are the oddsmaker’s value of each team and are used as a guide to calculate a “preliminary” pointspread on an upcoming game.
Oddsmakers at LVSC are professional sports junkies who love what they do and would probably do it for nothing if you asked them, but they do get paid for it. The power ratings are adjusted after each game a team plays. We do this by drawing from past experiences and applying them to current situations. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”
What Is the Line Trying to Accomplish?
Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must Read More
Another NCAA rule is that the players don’t receive salaries for playing; many, however, receive college scholarships and grants.
Before Camp arrived on the scene, football was played with rugby style rules, and it should be noted that the first intercollegiate football game in the USA was played in this style two whole years before an official codified rugby game was played in England. A game between Tufts University and Harvard, played on 4 June, 1875, bore some resemblance to its modern-day counterpart, with each team having eleven players, the players being allowed to run carrying the ball and tackle each other, and the ball itself being egg-shaped rather than spherical.
In response to this, the National Collegiate Athletic Association (NCAA) was established, and they issued new rules intended to make the game less deadly. A team must win six games in the season to qualify for playing in a bowl game. So, it was back to football then. The term ‘bowl’ came about from the shape of the Pasadena Stadium in California, where the first ever bowl game, the Rose Bowl, was played in 1902 between Michigan and Stanford. These games continued to thrive and retained a strong fan following even after the formation of the National Football League (NFL).
After playing a series of bowl games, the annual national champion is decided by a vote of non-playing sport authorities, like sports writers and commentators.
. Michigan won 49-0, a lopsided score, which freaked out the organizers into thinking that fans wouldn’t show up for another football match the following year. A week later, another game was held on the Princeton home grounds, and this time, Princeton won 8-0. So, they held a chariot race instead, trying out amateurs first and then professionals, and failing miserably to please the audiences with both. The playing rules for all the divisions are decided by the NCAA. The forward pass was introduced, and mass momentum plays like the flying wedge tackle were banned. The idea of the Rose Bowl was adapted all around the country, and gave rise to other events like the Sugar Bowl, the Orange Bowl, and the Fiesta Bowl. Smock (yes, that was really his name), some padding and a thick head with a full hair thatch, was all the protection the players had in the rough and tumble of the game. The game took place on College Field, which is now the site of Rutgers University’s College Avenue Gymnasium. There have also been many short-lived bowl games like the Oil Bowl, the Salad Bowl, the Cigar Bowl, the Delta Bowl, the Harbor Bowl, and the Raisin Bowl, to mention some.
Then of course, Mr. The popularity of college football continued to grow, and was eclipsed only by the sheer brutality of the game. Post-season games are known as college football bowls. These four bowls are the main staple of the BCS championship series, but there are also other bowl games like the Gator Bowl, the Florida Citrus Bowl, and the Alamo Bowl. Serious injuries and even deaths were not unknown, and this led to a public outcry against the game, with some colleges temporarily banning the game, and President Theodore Roosevelt threatening a more permanent ban.
College teams are ranked in the Football Bowl Subdivision (formerly known as Division I-A) and the Football Championship Subdivision (formerly known as I-AA). In both these games, the field was considerably larger than it is today, each team was made up of 25 players, and there were no officials to referee the games.
Shortly thereafter, in 1870, a match was held between Columbia University and Rutgers College, and the sport soon spread to other colleges. This game took place on 6 November, 1869, in New Brunswick, New Jersey, between Rutgers College (now known as Rutgers University) and the College of New Jersey (now called Princeton University). The early players were not armored-up like today-a uniform devised by the Princeton player L.P. Camp came along and made the game more like it is now. The bowl game they then get to play in depends upon what their conference ranking is. Rutgers won this game 6-4. The games usually begin towards August end, a few weeks before the NFL games start, and continue through December to the beginning of February Read More