Gambling and Sports Betting News Wire - October 10 2019
Here are today's headlines in the world of gambling and sports betting as they happen - Thursday October 10, 2019.
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Purdue Bans Campus Bets on Boilermaker Sports
Purdue students and faculty are no longer permitted to gamble on Boilermaker games https://t.co/uPEK2ZAN3B
— Sports Illustrated (@SInow) October 10, 2019
UFC First Gambling Product Creates New Option for Fight Fans
The new product, in conjunction with UFC Event Centre and in partnership with IMG Arena, will take official data from UFC, plus logos, photos and fighter bios, and create a full suite of gambling options for betting operators to incorporate into their apps and sportsbooks.
The product will feature more than 50 betting opportunities per bout, including 20 new types of wagers updated in real time.
“In-game betting is the fastest-growing part of the sports-gaming industry,” said Lawrence Epstein, UFC’s chief operating officer. “Some of the stuff we’re doing is stuff that hasn’t been done with respect to UFC in the past.”
UFC currently trails other sports in live betting with only 8% of bets placed after the fight has begun compared to 70% in tennis.
The new options will include odds the number of take-down attempts, whether a fighter will get knocked down, total strikes landed, and the amount of time a fighter spends on the mat.
Sportsbooks that want to use the new UFC offering will pay a licensing fee for the software, and a share of gross gaming yield for access to the data, Longe said. Specifics on the share and the fee weren’t provided.
UFC’s First Gambling Product Creates New Options for Fight Fans - Bloomberg https://t.co/wdfvUw8pM8
— BettingsSystems (@EBettingSystems) October 10, 2019
Hefty Fines for LeoVegas
Royal Panda, LeoVegas Get Hefty Fines by Dutch Gambling Watchdog https://t.co/uuHdgMpLWY pic.twitter.com/2t2OKlDnfb
— Casino Life Magazine (@casinolifemag) October 10, 2019
Our Free Picks Record October 10
2019 NFL Record: 2-5 (0%)
2019 College Football Record: 3-1 (75%)
2019 MLB Record: 26-18-2 (59%) - No Plays Over -160
2018-19 College Basketball Record: 12-9 (57.1%)
2018-19 NBA Record: 7-5 (58%)
2018 MLB Record: 45-35 (56.2%)
2018 NBA Record: 12-4-1 (75%)
