Operator of online sports and gambling activities, Betfair will share information regarding issues affecting betting integrity in the 2012 Olympics to be held in London. Betfair has signed an agreement with the International Olympic Committee (IOC) regarding the sharing of information. This agreement is similar to the one which the gambling firm signed before the Beijing Olympics 2008.
Data Related to Customer Transactions will be Shared
Under the agreement, Betfair is supposed to reveal data related to customer transactions in the London Olympics. The company will share data so that any kind of suspicious activity can be detected.
Martin Crudace Stated that Betfair will Reveal Data in the Best Interest of Both IOC and Operators
Betfair’s key officer looking after legal issues and regulations of the site, Martin Crudace stated that the data will be revealed in the best interest of both IOC and operators of betting sites. It will enable customers to bet on their favorite sports in a transparent and secure environment. Martin Crudace added that sports betting is highly popular among Americans. The deal with IOC will help in securing the sport which is loved by all.
High Speed Computer Systems to be Monitored by Betfair Integrity TeamÂ
An integrity team at Betfair will monitor high-speed computers of the company. They will do so round the clock to detect suspicious activities carried out by bettors. The IOC will have access to a system which will have all kinds of details regarding bets. Information related to when bets are placed and at what time the process is completed will be available through it.
London 2012 Olympics may be the Biggest
A large number of online sportsbook real money have predicted that the London Olympics 2012 will be one of the biggest events ever organized. Similar to other online betting firms, Betfair is also offering markets for various types of sports. In addition, a wide range of other markets will also run such as that for the number of gold medals that will come from selected nations.
UK has been listed at odds, 3.1 for winning at least 26 gold medals. Countries, having the possibility of winning about 19 gold medals are at 3.4 odds.
Betfair is one of the leading online sports book operating in Europe. The site offers a wide range of range sports for betting, attracting a large number of bettors.
