Record Rise in Online Gambling in China

 

For Mr. Li, the penalty kick taken by Cristiano Ronaldo in the Euro 2016 groups match between Austria and Portugal was a huge moment. He could barely watch is since he has placed a bet on Portugal to win. Ronaldo hit the post and the game ended in a draw, leaving Li frustrated for losing his money. He had placed his bet using the WeChat app by Tencent Holdings Ltd.

This is a good example of the rising interest in the world soccer, and this has also increased the cases of illegal online gambling. This has seen the police crack the whip on betting rings and other gambling companies like Alibaba Group Holding Ltd and Tencent. Most of the internet gambling in China is illegal.

 

Chinese Tycoon Acquires English Soccer Club

Li placed his bet through the WeChat app, where most of the gamblers are friends. When you win, the prize money is shared through various channels like Alipay, WeChat, bank transfer or the red packets, which are envelopes that are loaded with cash.

The police record shows that there has been an upwelling in online gambling activity, which is illegal, especially due to the upcoming UEFA Football Championship in Paris. The Public Security Ministry has confirmed that across the four provinces, it has apprehended 236 people for illegal online gambling on UEFA games. To this effect, Tencent and Alibaba have set up anti-gambling systems.

According to Miranda Shek, a spokeswoman of Ant Financial said that they have been conducting serious checks and if any suspicious account is discovered, it will be frozen right away. Tencent has also confirmed that it is keeping a keen eye on any illegal gambling activities.

One of the reasons that have triggered the surge in soccer gambling is the soccer investment by the Chinese companies in overseas clubs. There has been an increase in the number of soccer stars who are moving to China. An assistant professor, Hu Naijun, from the University of Science and technology in Beijing, said that besides the European Cup, the soccer market in China has developed significantly. This has increased the interests in betting.

 

 

Reaching for the Gold

Mr. Bao is an organizer of a gambling group, and he confirmed that there is a jackpot of 5 million Yuan. This is causing millions of people to bet, hoping to win the cash prize. He said that this has become a lucrative business and for the final, they may even spend a week in the presidential suite in Hong King or Macau.

As for Li, he says that his money is, still, on Portugal, who has qualified for the Euro 2016 semifinals. He says he watches the game being nervous at every chance. When Cristiano missed the penalty, he almost fainted.

 

 

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The Structure and Patterns of Horse Racing The Beginner’s Guide

 

 

 

Many people love to watch horse racing, and it is, of course, one of the ancient animal sporting events that still exists with the same enthusiasm. Whether you just love to watch horse races out of interest or being passionate about going place to watch racing, it is essential to understand the racing structure. Here, let’s explore the basic structure of this sport.

When you are down to it, there are four major categories of races to explore as:
  1. Maiden Races
  2. Claiming Races
  3. Allowance races
  4. Stakes races.

There are various other subsidiaries of these four classes too, but to serve the purpose of this article to provide some beginner information about horse racing patterns, let’s focus on these primary categories.

Maiden races are the favorite choice of many. It features a field of maiden horses which have never won a race previously. One among these is obviously going to taste its first victory in life, and then the maiden tag of that horse is broken. However, the horses never won need not be limited to only maiden races, but they can contest in other horse races too.

These races are also called the shopping races as all horses in the race may up for sale too. Anyone can claim the horse before the race.

If you have followed TVG Horse Racing, you should know that the prize money (usually called the purses in racing terminology) is higher than the other types of racing discussed before. The horses participating in it will be those that meet certain conditions of non-winning. There are specific codes to understand this. For example, NW3X is the code for those horses which haven’t won 3 races other than one maiden, starter, or claim.

Most of the racing fans are after this type of racing. The most popular races in this category are Belmont Stakes, Kentucky Derby, and Breeders’ Cup. All the top horses used to run in these races. The stakes are also high, in which the graded stakes races are the top options. Races are usually ranked as G1, G2, and G3, and G1 is the top grade. Stakes races do have feature horses participating from across the country and many times from other parts of the world too.

Apart from the types of the races, the horses are also categorized into various forms and knowing it will further enhance your knowledge and insight about races and help better understand the racing scenario, which we will discuss in the forthcoming articles.

Horse racing tourism is one of the most upcoming specialties in travel and tourism, which is explored by many. However, many people just want to watch races by being ignorant about the technical aspects of it and without knowledge about the rule of the games. However, it will be a fascinating affair if you know the rules of the races well and plan your trip accordingly if you want to explore the best races across the country or abroad.

 

Author Bio: Silvia Watson is a freelance content writer. She has written many good and informative articles on different categories such as technology, health, fashion, education, career, travel etc. She is a featured author at various authoritative blogs in the health and fitness industry and currently associated as a blogger with https://www.tvg.com/

 

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