Tuesday, June 29, 2010

Gold Coast Titans rumours spark betting plunge

Whether it's a rumour or not, the rugby league administration is a joke. That's about all I can say.

NRL: BETS ON TITANS SUSPENDS SPOON BETTING

Sportingbet Australia suspended betting on their new Wooden Spoon market this morning after a series of bets were taken on the fourth placed Gold Coast Titans.

Sportingbet Australia CEO Michael Sullivan said the market, which excluded the pointless Melbourne Storm, was up for less than five minutes when three bets were struck on the Titans.

“This is very similar to what led us to suspend Spoon betting initially when we saw bets come for Melbourne although we reacted a lot faster this time to suspend betting,” Sullivan said.

“We had the Titans in the market at $21 and I can’t see punters wanting to take that price for the fourth placed side unless they thought they knew something.

“The bets we took were only to win a few thousand but the fact they came on top of each so soon after we put the market up, meant we had to suspend immediately as punters were trying to get onto win a lot more.’

Sportingbet currently has the Titans as $17 chances for the Premiership.

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