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DraftKings apologises for betting championship furore- 14th January 2019

DraftKings and FanDuel call for regulation in New York - 10th December 2015

American brands, advertising agencies, creative agencies, marketers collaborating and working with Media Man Agency - Media Man Int and Media Man Australia to grow brand, business in Australia, Asia Pacific

Betting agency Paddy Power giving odds on Hulk Hogan and CM Punk WWE pro wrestling return! - May 2017

A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays off bets on sporting and other events at agreed-upon odds (Wikipedia)

Betting glossary of terms

Action: Having a wager on a game.

ATS ("against the [point] spread"): If a team is 5-2 ATS, it means it has a 5-2 record against the point spread, or more commonly referred to simply as the "spread."

Backdoor cover: When a team scores points at the end of a game to cover the spread unexpectedly.

Bad beat: Losing a bet you should have won. It's especially used when the betting result is decided late in the game to change the side that covers the spread. Also used in poker, such as when a player way ahead in the expected win percentage loses on the river (last card).

Beard: Someone who places a wager for another person (aka "runner").

Book: Short for sportsbook or bookmaker; person or establishment that takes bets from customers.

Bookie: A person who accepts bets illegally and charges vig.

Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2.5. He has then "bought" half a point, and the odds of his bet will be changed.

Chalk: The favorite in the game. People said to be "chalk" bettors typically bet the favorite.

Circle game: A game for which the betting limits are lowered, usually because of injuries and/or weather.

Closing line: The final line before the game or event begins.

Consensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game.

Cover: The betting result on a point-spread wager. For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread.

Dime: Jargon for a $1,000 bet. If you bet "three dimes," that means a $3,000 wager.

'Dog: Short for underdog.

Dollar: Jargon for a $100 bet. Usually used with bookies; if you bet "five dollars," that means a $500 wager.

Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren't accurate.

Even money: Odds that are considered 50-50. You put up $1 to win $1.

Exotic: Any wager other than a straight bet or parlay; can also be called a "prop" or "proposition wager."

Favorite: The expected straight-up winner in a game or event. Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2.5-point favorite, it will have to win by three points or more to be an ATS winner.

Fixed: A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result. The participant did not play honestly or fairly because of an undue outside influence.

Futures bet: A long-term wager that typically relates to a team's season-long success. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season.

Halftime bet: A bet made after the first half ended and before the second half begins (football and basketball primarily). The oddsmaker generally starts with half of the game side/total and adjusts based on what happened in the first half.

Handicapper: A person trying to predict the winners of an event.

Handle: The amount of money taken by a book on an event or the total amount of money wagered.

Hedging: Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering.

High roller: A high-stakes gambler.

Hook: A half-point. If a team is a 7.5-point favorite, it is said to be "laying seven and a hook."

In-game wagering: A service offered by books in which bettors can place multiple bets in real time, as the game is occurring.

Juice: The commission the bookie or bookmaker takes. Standard is 10 percent. Also called the "vig/vigorish."

Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book's liability.

Limit: The maximum bet taken by a book. If a book has a $10,000 limit, it'll take that bet but the book will then decide whether it's going to adjust the line before the bettor can bet again.

Lock: A guaranteed win in the eyes of the person who made the wager.

Middle: When a line moves, a bettor can try to "middle" a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2.5-point favorite, then the line moves to 3.5 points. She can then bet the opposite team at 3.5 and hope the favorite wins by three points. She would then win both sides of the bet.

Money line (noun), money-line (modifier): A bet in which your team only needs to win. The point spread is replaced by odds.

Mush: A bettor or gambler who is considered to be bad luck.

Nickel: Jargon for a $500 bet. Usually used with bookies; if you bet "a nickel," that means a $500 wager.

Oddsmaker (also linemaker): The person who sets the odds. Some people use it synonymous with "bookmaker" and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.

Off the board: When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating.

Over/under: A term that can be used to describe the total combined points in a game (the Ravens-Steelers over/under is 40 points) or the number of games a team will win in a season (the Broncos' over/under win total is 11.5). Also used in prop bets.

Parlay: A wager in which multiple teams are bet, either against the spread or on the money line. For the wager to win (or pay out), all of them must cover/win. The more teams you bet, the greater the odds.

Pick 'em: A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner.

Point spread (or just "spread"): The number of points by which the supposed better team is favored over the underdog.

Proposition (or prop) bet: A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a "game within a game." These are especially popular on major events, with the Super Bowl being the ultimate prop betting event.

Push: When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Return on investment (ROI): In PickCenter, ROI is the amount (according to numberFire) that a bettor should expect to get back on a spread pick.

Runner: Someone who makes bets for another person (aka "beard").

Sharp: A professional, sophisticated sports bettor.

Spread: Short for point spread.

Square: A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager.

Steam: When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions.

Straight up: The expected outright winner of the money line in an event or game, not contingent on the point spread.

Teaser: Betting multiple teams and adjusting the point spread in all the games in the bettor's favor. All games have to be picked correctly to win the wager.

Total: The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total.

Tout (service): a person (or group of people) who either sells or gives away picks on games or events.

Underdog: The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount (ATS), or get better than even-money odds that it will win the game outright. For example, if a team is a 2-1 underdog, you can bet $100 that the team will win. If it wins, you win $200 plus receive your original $100 wager back.

Vig/vigorish: The commission the bookie or bookmaker takes; also called the "juice." Standard is 10 percent.

Wager: A bet.

Welch: To not pay off a losing bet.

Wiseguy: A professional bettor. Another term for a "sharp."

(ESPN)

Ladbrokes, Paddy Power Betfair, William Hill Australia and others shake maket up in Australia

Sports betting giants wrestle for Australia-wide and global domination of sports betting industry

Extreme sports, MMA - UFC and even pro wrestling aka sports betting sector may push along traditional betting niches horse racing, boxing, NRL, AFL, NFL, NHL, soccer

Betting companies interested in securing naming rights to some key Australian sports and entertainment venues and arenas. Political hot potato

Sports based reality television genre may open up additional exciting sports betting elements for punters and business associates

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Fairfax Media owned, The Australian Financial Review, has advised that CrownBet and Paddy Power Betfair subsidiary Sportsbet.com.au, are the two firms waging war for William Hill Australia.

Both operators are reported to have confirmed their interest this week in pursuing William Hill’s turbulent Australian business and will be permitted to perform due diligence on the asset to prepare their formal bids.

This sees Australia’s two biggest online bookmakers compete for William Hill’s division which has been active in the Australian market since 2012, formed through the acquisitions of Sportingbet Australia, Centrebet and the always in the news TomWaterhouse.com.

Confirming a strategic review of its Australian business in January, William Hill is reported to have invested AUS $700 million (€440 million) to date on its Australian enterprise. Insiders have been speculating if their will see a true return on investment.

Some commentators tip that William Hill governance will target an AUS $200 million (€126 million) sale for its asset.

FTSE100 Paddy Power Betfair seeks to continue the strong momentum of its Sportsbet Australia asset, which in 2017 became the outright market leader in online wagering with an estimated 15% of market share.

Spearheaded by industry veteran Matt Tripp, a gentleman no stranger to the Media Man group, this February CrownBet secured Toronto TSX The Stars Group Inc as its new majority shareholder completing a €95 million investment in the operator.

Both Paddy Power Betfair and The Stars Group governances seek to expand further in a rapidly evolving Australian online betting market, which has seen considerable restrictions in credit-line betting and bookmaker advertising. In play betting, exotic betting and a number of other betting operations have also been scrutinized and in some cases outlawed completely in the Australian marketplace.

Australian state legislators are assessing whether to impose further taxes on online betting transactions, creating harsher terrain for market incumbents.

Facing severe operational restrictions, industry analysts and commentators believe that the Australian online betting market may contract to become a small field of players from its current state, as European operators revise their market options.

United States based operators are continuing to eye off Australia as the business of sports continues to grow, with Vince McMahon lead XFL re-launching in 2020 and the AFL taking its brand global with the AFLX. Mixed martial arts global leader, the UFC continues to enjoy a strong following in Australia, which Bellator MMA is looking to boost its public and media awareness down under on Australian soil. Former UFC champion, Ken Shamrock and his business manager, Des. W. Woodruff have been discussing the business of sport on their Podcast 'The World's Most Dangerous Podcast. Multi-time pro wrestling champion Mike "The Miz" Mizanin is also known to offering commentary on the business of sports betting, some of which makes its way onto media platforms such as YouTube and TMZ from time to time. Not to be outdone, Jim Ross aka JAR provides regular sports business news updates via his media channels, and has enjoyed a long time brand endorsement deal with DraftKings. In July last year DraftKings and FanDuel were set to merge however anti-trust and FTC competitive concerns saw the merger deal canceled.

On thing certain in life, business and sports is change, and there's plenty of changes abound in the Australian and international sports betting sector at present. Stay tuned to the Media Man network. You won't want to miss a second fans.

Crown Poker and Aussie Millions Poker Champinship is still going strong

Crown Melbourne. Crown will do well to put some fire into its sports betting negotiations after a turbulent couple of years

Crown Perth. Perth has a strong and passionate sports fan and sports punter base

DraftKings.com - Daily Fantasy Sports

Jeff Fenech and Greg Tingle (Media Man Int and Media Man Australia). Fenech is a multi time former Australian boxing champion.

The World's Most Dangerous Podcast

Jim Ross and Ric Flair have both dabbled in the sports betting industry. Ross with DrafKings advertising on his Podcast and Flair fronted some North Carolina's Education Lottery campaigns. Woooooo!

Jim Ross official website - J.R's Place

Ric Flair official website

Eric Bischoff and Vince McMahon Bischoff has dabbled in sports betting and gaming related ventures off and on for a decade plus. McMahon's bets on the WBF (World Bodybuilding Federation) and first version of the XFL (Xtreme Football League) didn't pay off. McMahon will be looking for strong success with his gamble on the second coming of the XFL in 2020. The WWE Casino in Las Vegas was sold. What was once the Debbie Reynolds Hotel and Casino is apparently now a parking lot. Hulk Hogan has a Hulk-A-Mania themed slot machine circa 2008.

Eric Bischoff official website

WWE.com: Vince McMahon