World Cup To Be One Big Online Gambling Party
Posted by Jonathan in INTERNET on 05-12-10 No Comments
Call me crazy, but there might just be a little bit o’ bettin’ goin’ on during this World Cup thang.
The BBC is reporting that food, booze and yes, betting is expected to flow like the Irish floods during this summer’s world wide soccer tourny. Though Dan and I have no idea how one would actually place a bet online — since it is illegal here — it appears to us that the boost in gambling on soccer on the Web is set to break records not only in England but worldwide in June.
Already web gambling sites are setting up for the World Cup rush. Betinternet.com is hosting wagering on the 32 teams. There is the World Cup Spread Betting Blog. And garsh darn it, there are even traditional books on the topic: “The Essential World Cup Betting Guide for the 2010 World Cup” is one.
What are all these betting fools looking at? Probably the single largest pay day in gambling history. Figure a third of the world’s population, or something like 2.5 billion, will see these games. Let’s say maybe 10 percent of those place a $50 bet. That’s 250,000,000 (two hundred and fifty million) active wagerers who pony up $12,500,000 ,000 (12 billion 500 million) over the course of the month. That works out about the GDP of say, Ireland, Iceland or Jamaica. Figure 6 points go to bookies … You do the math.
In other words, a LOT of effin’ money. Stay tuned TSC, will be all over who’s up or down in this big fat story.
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