Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Search Our Archive of Gaming Articles 

Asian Handicap: Betting on the Net

1 July 2002

U.K. – As reported by the BBC: ``Perhaps it should not be a surprise that professional gamblers are attracted to dot.coms.

``After all, the stakes are high, the returns potentially huge, you need guts to step up and play and if you blink you could miss something vital and lose everything.

``Tony Bloom is one such individual who, by his own admission, has been gambling for over 20 years. He first went into a bookmaker at the age of 15.

``…Now, he has moved on to the internet and is trying to make a success of online gambling, specifically betting on football matches.

``The site he founded is called Premier Bet and takes bets on football matches under a system known as the Asian Handicap and it launched in May this year.

``Anyone putting money on a match typically bets for their chosen team to win, lose or draw.

``Under the Asian handicap system, there are only two outcomes because the chances of the favourite winning are reduced. So in a draw, anyone betting on them effectively loses.

``The handicap takes the form of a number added to or subtracted from the final score of the team you bet on.

``He (Tony Bloom) has all the statistics to hand to help him work out what the handicap should be, but it basically boils down to him watching a huge amount of football and making a judgement based on what he sees.

``…The return that punters get is based broadly on the handicaps and, as in any other form of gambling, you'll get better odds the more risk you take.

"…`Whoever the punters are, Asian handicap is better for them,' said Mr Bloom. "Though, they may not know it yet."

< Gaming News