Bookies Expect Low Betting Turnout for Paralympics

Paralympic betting to be low.

Punters won’t be fighting to ante-up on the Paralympics according to British bookmakers. (Image: rio2016.com)

Betting on the Paralympics will be no more intense than an average horseracing meet according to William Hill.

With the Rio Paralympics set to get underway on September 7, British bookmaker William Hill has predicted that just £150,000 will be wagered on the Games.

Despite growing interest in the Olympic equivalent for impaired athletes, William Hill and Paddy Power have said that betting activity during the 2012 event was low and things won’t be much better this year.

In fact, because the 2016 Paralympics won’t have the same “home interest” for British punters that it did in 2012, bookies are suggesting that there could actually be fewer bets place this time around.

A Stark Contrast

By way of a contrast, William Hill told the BBC that it took  a” couple of million pounds” during the two-week Olympic festival in August.

While that figure is significantly higher than the £150,000 it believes it could take for the Paralympics, the fact remains that betting on athletics is still fairly niche.

Indeed, according to Coral’s Simon Clare, viewing interest in the Paralympics doesn’t correlate with betting interest which means it’s “not a high priority” for operators.

As disappointing as the betting stats might be, Paddy Power has said that it isn’t too concerned with the forecasts.

“The raison d’être for the Paralympic Games is not betting,” a Paddy Power representative told the BBC.

Brazil to Adopt UK Gambling Model

In other UK betting news this week, Brazil is now looking towards the UK’s gambling regulations as a way to boost its financial fortunes.

As it stands, gambling in Brazil still operates in a grey area, but with the UK proving that regulation can bring prosperity and tax revenue, government officials are now considering adopting a similar model.

Today, the UK Gambling Commission is the regulatory body responsible for overseeing and taxing licensed operators. Through this system, the industry has generated £2.67 billion in tax revenue during 2015.

Although many operators have protested against the 15 percent tax on gross gaming revenue, the levy is still one of the lowest across the regulated world and its one that’s clearly working.

With this in mind, Brazil is now looking to crackdown on “illegal” operators and put a regulatory framework in place.

If predictions are correct and Brazil does regulate gambling by the close of 2016, many experts believe it could provide a huge boost for the industry.

“It would be one of the most significant events in gaming history if Brazil opens up to the gambling sector,” read a statement from William Hill.

However, before Brazil becomes a fully regulated market it will have to ensure that a comprehensive framework is in place for players, operators and governing bodies.

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