robdylan

Marshall’s and the online gambling regulations


Written by Rob Otto (robdylan)

Posted in :Original Content on 3 Sep 2010 at 08:18
Tagged with : , ,

Thanks to Steve Marshall of Marshall’s World of Sports for this informative article that should put us all in the picture.

With all the hype around what is or isn’t legal with regards to gambling online, it is probably a good time to give those who are interested, some information on the gambling industry in South Africa and where Marshalls World of Sport fits in. There are a number of different types of gambling such as that which occurs in casinos, the lottery, bingo and betting /wagering. Before 1994 the only form of legal gambling in South Africa was betting on horse races with a licensed bookmaker or the Totalisator. Since then a lot has changed and the new government has legalised additional forms of gambling such as Casinos, Limited Payout Machines and Bingo, with the passing into law of the National Gambling Act of 1996, and subsequently the National Gambling Act No 7 of 2004, along with the accompanying Regulations which have dictated the way in which licenses will be issued, regulated and operated. It is highly likely that online gaming licenses could well be issued in the near future. The addition of the above listed gaming activities to the previously limited gaming options has been beneficial to the National and Provincial fiscus’ in the form of additional taxes generated from these new gaming activities.

The industry often carries a dark shady past behind it with many stories of skulduggery featuring some form of gambling, the latest cricket betting scandal being a typical example of the same. The fact that these activities were pursued by “unlicensed operators” does not unfortunately deal with the general public’s view on betting/wagering and bookmakers. Unfortunately this is a perception that we as licensed bookmakers have to live with. The National Gambling Board has however sought to enhance the industry’s credibility and the general public’s awareness by ensuring that the public are protected by the National Gambling Act, No 7 of 2004 as well as the various Provincial Regulatory Laws and Licensing authorities, when dealing with licensed operators. All licensed bookmakers are required to comply with the Financial Intelligence Centre Act, 2001 (FICA) when dealing with either suspicious transactions or any transaction where the client wagers or wins in excess of R25 000. The industry supports the National Responsible Gambling Programme which is aimed at educating, preventing, treating and counselling persons with gaming related problems.

In order to be granted a bookmaking license, prospective bookmakers are required to go through a stringent probity process from the relevant Provincial Regulatory Body as well as pass an evaluation confirming their knowledge of the industry and the application of it’s laws, rules and regulations. This evaluation is not to be taken lightly and is often a 6-8 month process involving an in depth examination into the financial and personal history of the applicant so as to ensure that they are “fit and proper” to be licensed as a bookmaker within the jurisdiction of application.

The advance of technology has brought with it new challenges to Regulators and Operators. Both have had to revise how they regulate on the one hand and operate on the other using modern technology platforms that ensure regulatory compliance and operator effectiveness within this highly competitive sector of the gaming industry. With the betting industry now fully computerised, all licensed bookmakers are required to use the same SABS approved software, called Turfsport. The regulatory authorities have access to all betting information and ensure that all transactions are legitimate whilst at the same time check that the correct taxes are paid over to the relevant governing bodies.

There are a number of different types of bets that a person has the option of taking. As a bookmaker, Marshalls World of Sport offers fixed prices which means that the price quoted when you take your bet, is the price that you get. Eg. If you bet on the Springboks to beat the Aussies and you are quoted a price of 0.35/1, this means that for every R1 you bet, you stand to win 35c plus your R1 back if the bet wins. To make rugby betting more attractive, especially in one sided contests, handicap betting is offered. Thus you can bet on South Africa at -7.5 which means that South Africa must win by at least 8 points for this bet to be a winner. For this handicap of -7.5 points you are obviously offered a better price such as 1-1 which means for every R1 you bet, you stand to win R1 plus your R1 back.

Marshalls World of Sport is a family owned business and its history dates back to the 1960′s when John and Dawn Marshall first received their bookmaking licenses. Since then Marshalls World of Sport has grown to become one of the respected leaders in the South African bookmaking industry. We have a physical footprint of 11 betting shops in Kwa Zulu Natal, 7 in the Western Cape and 1 in Gauteng. In addition we offer our account clientele the option of placing bets through our telephone call centre, the internet or via our mobile phone platform. Betting opportunities offered include all major local and international sporting events including horse racing, football, golf, rugby, cricket, tennis and boxing as well as other sports such as American football, baseball, basketball, Aussie rules football, Formula 1 and 7′s rugby.

For more information, check out our website at www.worldofsport.co.za or drop me an email at [email protected]



51 Comments

  • I don`t see the supremacy options there. Maybe I just don`t know where to look :roll:

  • Comment 1, posted at 03.09.10 12:34:37 by Original Log Leader Reply
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    Original PierreSuper Rugby player
     
  • Cool Now I know more about this. let’s hope i can oneday live in a country where I can use it. :wink:

  • Comment 2, posted at 03.09.10 12:40:51 by KSA Shark © Reply

    KSA Shark ©Head Coach
     
  • We have a physical footprint of 11 betting shops in Kwa Zulu Natal, 7 in the Western Cape and 1 in Gauteng

    And we still have to put up with the Bulls on the Marshalls banner? ;-)

  • Comment 3, posted at 03.09.10 12:45:57 by KSA Shark © Reply

    KSA Shark ©Head Coach
     
  • @KSA Shark © (Comment 3) : Yeah using a bulls player as part of your add campaign in Dbn or CT just isn`t on . . .

  • Comment 4, posted at 03.09.10 13:01:32 by Original Log Leader Reply
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    Original PierreSuper Rugby player
     
  • @KSA Shark © (Comment 2) : :cool: KSA…I spend a huge portion of my spare time as a Sports Trader and am hoping to go full time professional within the next 2 years. I consider myself a “trader” rather than a punter…although every now and then I do have a punt or proper bet. When I bet, I always look for value before placing my stake. The average punter just fancies Team A or Team B and places a bet no matter what the odds are. These are the dream punters for the bookies.

    I fancy the Sharks to beat the Bulls but not at the odds the bookies over here are offering (1.7) so I’ve managed to find a bit more value on the handicaps. Just by taking Sharks -2.5 I’ve ramped up the price to closer to 2.0 (even money) or a 50% chance!

  • Comment 5, posted at 03.09.10 14:43:34 by Villie Reply
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  • Griquas 3 – 0 Cheetahs
    Sorry but there’s no thread :mrgreen:

  • Comment 6, posted at 03.09.10 17:17:52 by Jarson Reply
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  • Griquas 9 – 0 Cheetahs
    2 penalties and a dropgoal by Naas.

  • Comment 7, posted at 03.09.10 17:22:01 by Jarson Reply
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  • @Villie (Comment 5) :

    Did you have a look at my Punt’s of the Weekend?

    Do you agree or disagree with the bets?

    Where do you ply your trade? Are you a registered bookie or do you just professionally gamble?

  • Comment 8, posted at 03.09.10 17:23:35 by Richard Ferguson Reply
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  • @Jarson (Comment 7) :

    Thanx for the updates Jarson..

  • Comment 9, posted at 03.09.10 17:24:16 by Richard Ferguson Reply
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  • @Jarson (Comment 7) : Cheetahs better pull their finger out… they cannot screw up my superbru AGAIN :twisted:

  • Comment 10, posted at 03.09.10 17:26:47 by lostfish Reply
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  • A Johnson try! Converted by Strydom!
    Griquas 9 – 7 Cheetahs
    20 odd mins.

  • Comment 11, posted at 03.09.10 17:28:52 by Jarson Reply
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  • @lostfish (Comment 10) : I picked Griquas :razz:

  • Comment 12, posted at 03.09.10 17:29:46 by Jarson Reply
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  • Penalty Cheetahs!
    Griquas 9 – 10 Cheetahs
    30mins

  • Comment 13, posted at 03.09.10 17:40:40 by Jarson Reply
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  • @Jarson (Comment 12) : the only time I ever support the Cheetahs is when I have them picked on superbru and even then I sometimes hope they lose just because I can’t stand them.

  • Comment 14, posted at 03.09.10 17:43:40 by lostfish Reply
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  • try cheetahs

  • Comment 15, posted at 03.09.10 17:44:04 by lostfish Reply
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  • Griquas 9 – 17 Cheetahs

  • Comment 16, posted at 03.09.10 17:44:40 by lostfish Reply
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  • Nokwe Try!! :sad:
    Griquas 9 – 17 Cheetahs
    37mins

  • Comment 17, posted at 03.09.10 17:45:55 by Jarson Reply
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  • @lostfish (Comment 14) : Ditto. I hate the Cheetahs passionately :mrgreen:

  • Comment 18, posted at 03.09.10 17:47:17 by Jarson Reply
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  • Halftime!

    Kwasse better shape up for the 2nd half.

  • Comment 19, posted at 03.09.10 17:49:03 by Jarson Reply
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  • Griquas 9 – 20 Cheetahs :cry:

  • Comment 20, posted at 03.09.10 18:02:37 by Jarson Reply
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  • Griquas 9 – 23 Cheetahs :cry: :cry:

  • Comment 21, posted at 03.09.10 18:06:13 by Jarson Reply
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  • Naas try!!! Viljoen misses the conversion
    Griquas 14 – 23 Cheetahs
    53mins

  • Comment 22, posted at 03.09.10 18:12:28 by Jarson Reply
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  • Nokwe try!! :evil:
    14 – 30 Cheetahs
    55mins

  • Comment 23, posted at 03.09.10 18:14:13 by Jarson Reply
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  • Griquas almost scored twice, but bad handling and bad luck denied them.

  • Comment 24, posted at 03.09.10 18:16:23 by Jarson Reply
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  • C’mon Cheetahs. Griquas need to scored so I can get my margin point.

  • Comment 25, posted at 03.09.10 18:22:56 by lostfish Reply
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  • Kemp Try!!! :grin:
    Griquas 21 – 30 Cheetahs
    64mins.

    Kom Grikkies! You can do it!

  • Comment 26, posted at 03.09.10 18:23:38 by Jarson Reply
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  • Penalty Cheetahs :roll:
    21 – 33

  • Comment 27, posted at 03.09.10 18:24:45 by Jarson Reply
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  • About 10mins left!

  • Comment 28, posted at 03.09.10 18:30:17 by Jarson Reply
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  • More bad luck to the Griquas :sad:

  • Comment 29, posted at 03.09.10 18:38:15 by Jarson Reply
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  • 2mins left

  • Comment 30, posted at 03.09.10 18:38:54 by Jarson Reply
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  • I think its all over :sad: Cheetahs bored another team into losing :roll:

  • Comment 31, posted at 03.09.10 18:41:46 by Jarson Reply
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  • Pathetic Griquas! Theron’s boys cant play with the big boys…..yet :evil:

  • Comment 32, posted at 03.09.10 18:43:56 by Jarson Reply
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  • How did Downey play?

  • Comment 33, posted at 03.09.10 18:44:47 by robdylan Reply
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  • What was the final score? Are they still playing?

  • Comment 34, posted at 03.09.10 18:47:38 by mbayshark Reply
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  • Schoeman scored a try at the death for a losing bonus point.

    FULLTIME
    Griquas 28 – 33 Cheetahs

  • Comment 35, posted at 03.09.10 18:47:42 by Jarson Reply
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  • Nice Griquas scored again. That gives me my margin point on superbru. I still hate the Cheetahs.

  • Comment 36, posted at 03.09.10 18:49:18 by lostfish Reply
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  • @robdylan (Comment 33) : I followed updates from another site :oops: So I have no idea :oops:

  • Comment 37, posted at 03.09.10 18:49:31 by Jarson Reply
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  • 3 tries a piece. How the hell did we manage to lose to the Kwasse? :evil:

  • Comment 38, posted at 03.09.10 18:52:05 by Jarson Reply
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  • Damn that last try cost me a margin point! :|

  • Comment 39, posted at 03.09.10 18:54:48 by mbayshark Reply
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  • @Jarson (Comment 37) : You could watch it streaming live on supersport with a dstv subscriber number. I tried with my parents number but it wouldn’t let me watch.

  • Comment 40, posted at 03.09.10 18:55:01 by lostfish Reply
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  • @lostfish (Comment 40) : Ive seen that, but my bandwidth sucks :oops:

  • Comment 41, posted at 03.09.10 18:57:01 by Jarson Reply
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  • Was the Griquas game on TV??????????????????

  • Comment 42, posted at 03.09.10 19:03:42 by KSA Shark © Reply

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  • @KSA Shark © (Comment 42) : Nope

  • Comment 43, posted at 03.09.10 19:04:19 by mbayshark Reply
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  • @KSA Shark © (Comment 42) : Nope :lol:

  • Comment 44, posted at 03.09.10 19:04:46 by Jarson Reply
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  • @Jarson (Comment 37) :

    Ah okay saw that now.

  • Comment 45, posted at 03.09.10 19:06:44 by KSA Shark © Reply

    KSA Shark ©Head Coach
     
  • @KSA Shark © (Comment 42) : No. Only a live stream from supersport’s website

  • Comment 46, posted at 03.09.10 19:06:52 by lostfish Reply
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  • @mbayshark (Comment 43) :

    @Jarson (Comment 44) :

    Had me worried. Thought I’d cocked up on the match threads.

  • Comment 47, posted at 03.09.10 19:07:42 by KSA Shark © Reply

    KSA Shark ©Head Coach
     
  • The guy who was joint 1st with me on SB went for the Griquas to win and dropped out of the top 5. :cool:

    let’s hope the round perfomance for me stays the same.

    1 Sandshark 40.25
    2 SuperBoer 39.92
    3 Wallywong 39.25
    4 Jeremy 13 39.00
    5 Villie 38.75

  • Comment 48, posted at 03.09.10 19:10:36 by KSA Shark © Reply

    KSA Shark ©Head Coach
     
  • HeHeHe Jeremy 13 = Original Pierre ;-)

  • Comment 49, posted at 04.09.10 12:37:32 by Original Log Leader Reply
    Author
    Original PierreSuper Rugby player
     
  • Sorry about the Bulls player on our logo guys. We had the Hoff and were told by the Sharks Rugby Union that we were not allowed to have him or any other Sharks player on our banner.

    If anyone has any questions on the gambling industry, please let me know. The important thing is that Sports Betting with us is 100% legal, whether it is online, via our mobile phone platform, through our telephone call centre or from one of our physical branches. The only stipulation is that you have to be over 18 years old, obviously.

  • Comment 50, posted at 07.09.10 13:13:44 by Shark Fan Reply

    Academy recruit
     
  • @Shark Fan (Comment 50) : I don`t get it. So you`re saying the Sharks Rugby Union told you to use a bulls player . . on a sharks site?! WTF ?! :evil:
    Oh well, now we know.

    Maybe you should try a Flasher Girl instead. . . :mrgreen:

  • Comment 51, posted at 07.09.10 13:18:52 by Original Pierre In Mourning Reply
    Author
    Original PierreSuper Rugby player
     

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