australian sports betting hedge fund

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Australian sports betting hedge fund

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At the turn of this Century, he focused on the massive, emerging Asian market introducing Australian and Asian punters to fixed odds betting on all Hong Kong and Singapore racing. In addition using his Asian network he penetrated the Asian- handicap soccer market. It took 5 years for banking support systems that we take for granted now to catch up. A true watershed moment in bookmaking. Taxes kept going up followed by betting margins which doubled to maintain profitability.

A winning client was an asset more valuable than an unsustainable loser. His intellectual capital enhanced my margin and potential turnover with the option to follow the lead as long as I could access liquidity. Priomha, which has an investment fund that bets on sport on behalf of members and trades or hedges its bets, is seeking to capitalise on interest in betting on football in Europe and the recent change in restrictions on sports betting in the US.

He plans for Priomha to have an office in Gibraltar by the end of Josh Robenstone. We'll be in Gibraltar, where we'll be regulated, which will also help us. Gibraltar is where many European bookmakers and gaming industry services companies are domiciled, meaning Priomha can tap into the expertise of lawyers and other professional services based on the island.

The US will the firm's next move, where recent changes have loosened restrictions on sports betting, which has been banned outside Nevada. That state's governor Brian Sandoval signed recently a bill into law that will give resident across the US access to Nevada's sports books through sports betting investment funds.

A move there will necessitate a change in methodology by Priomha, which has found success by betting on Australian horse racing, tennis, football, cricket and golf. A US presence would mean betting on popular US sports such as baseball, basketball and American football. Mr Poots said Priomha made a return of Just like professional gamblers and syndicates, Priomha looks for value tracking sports statistics against betting odds before and during matches.

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Priomha Capital: CLONEY Multi-sport Hedge Fund

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Priomha Capital – Australian Sports Betting Hedge Fund It currently offers a multi-sport and event fund, called the Priomha CLONEY Fund. Could sports betting be the Holy Grail of portfolio diversification? Filipe. Australian sports hedge fund Priomha will establish a presence in in Europe and the recent change in restrictions on sports betting in the US.