Professional tips from UCRA
Regulations around the fields of both investment and gambling are not universal. Sport betting is illegal in some countries, but betting on financial markets (spread betting) in the UK is classed as gambling and is tax exempt. In Australia, spread-betting counts as an investment and is taxed.
The degree of statistical rigour employed by leading sport betting syndicates is higher than that of some investment funds, particularly when it comes to back-testing potential strategies using historical data. In sport betting, models that estimate the probability of a win may be counter-intuitive or hard to justify, yet they offer good predictions that go beyond just being lucky, even if they cannot tell you why.
UCRA offers high quality management consultancy services to operators, regulators and third party suppliers in the gambling industry in every sector of the industry whether it be casino, bingo, betting and lotteries and across channels, including land-based, online, mobile and interactive television.