Posted 4th October 2017 By: Noreen - Tipify Staff
A significant international innovation event devoted to the development of offline and online casinos, esports, bookmaking, fantasy sports, the application of blockchain technologies, and augmented or virtual reality. It will take place on October 12th at Bellevue Park Hotel, Riga, Latvia. Notable gambling experts from all over the world will come together to discuss the aforementioned interests in the gambling industry.
The conference will also be the first iGaming conference in Latvia. That being said, most sessions are dedicated to discussing various parts of the Latvian iGaming market including the regulation of gambling and licensing procedures for gambling sites in the country. The current situation of the Latvian gambling market will also be assessed and compared to other markets in the world. The conference will be thematically divided into two sections: the business section and the Bitcoin section. The former will tackle issues concerning regulation, marketing and development trends while the latter will discuss the advantages of using Bitcoin and blockchain.
Prominent founders and leaders of huge gambling companies, as well as lawyers and consultants who are knowledgeable in the industry will be the speakers to present in Riga Gaming Congress sessions. The list of speakers include Maxim Krupyshev, Cubits chief operating officer; Eman Pulis, Maltese gambling event Summit of iGaming co-founder; Vladimirs Remi, Riga company Montazure co-founder; Steve Donoughue, London-based consultant; Ishay Tentser, Israeli software company IniTech CEO; Carlo Pagan, Casino Campione D’Italia CEO; Francisco Javier Caama, Sortis & Golden Lion Casinos COO; Benjamin Carlotti, and Oulala games founder and managing director.
In addition, the following personalities will also be present in the Gaming Congress: Francesco Baranka, Belgian organization Federbet general; Michael Boettcher, international gambling company Storm International president; Eric Benz, British cryptocurrency company Cryptopay managing director; Patrick O’Brien, international broker Exante Limited communications director; and Jakub Kolomicenko, Endorphina Ltd head of legal department.
Companies of the gambling markets of the Baltic countries, Europe, the CIS, USA, and Canada are given a chance by the Demo zone of Riga Gaming Congress to display new products and most modern technologies in online gambling, social networks, and mobile gambling. Some software and hardware developers will also present new solutions. The demo zone will also be of help to all conference attendees in choosing the equipment or technology for them to bring out the most potential of their business.
Ultimately, the exhibition presents a good environment for everyone to learn more about the current trends in the gaming industry especially when it comes to esports betting. The conference serves as an avenue for the competitive gaming to open doors to the Latvian market. Now that more CS:GO teams are present in the community as well as Dota 2, LoL and Overwatch teams, there’s more for esports enthusiasts to look forward to. It’s also the perfect place to showcase the latest products and services. The best part of it is the attendees will get the chance to hear from the speakers and even ask questions.
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When you first start out you’ll be tempted to try to bet as frequently as possible, don’t. Wait for matches with good odds where you or the predictors know the teams. Never force yourself to bet, bet on matches that you are confident in. You may go days or weeks without placing a bet, you’re not in a rush, wait for bets you are comfortable and confident in and profit should follow.
If there’s any uncertainty, don’t place a bet. Save your skins for another day. There will be plenty of other matches that you can bet on.
Betting is always risky, that’s unavoidable. But staying inside a ‘safe zone’ will help cover you off from some really silly bets. When starting out with a low inventory, large bets placed on matches with 80%+ odds aren’t going to return much in general (on lounge, even less due to the inconsistent returns) but you’re still risking a large amount of your inventory for very little.
Equally, odds below 30% sound very, very attractive with huge returns possible. But if you don’t know the teams or all the details, it’s very possible the team doesn’t stand any chance. If you think there might be a chance, reduce the size of the stake or consider an ICB.
Always bet with a percentage of your inventory. Think, what happens if you lose an ‘All in’ bet, do you stop betting for the rest of your life, or just get your wallet out and go again? You may think there’s no risk, however there is always risk. If you’re placing a high bet, stick to an absolute maximum of 20% of your betting inventory.
Always leave enough to bet another day.
If you’re feeling angry or frustrated, your judgement get’s very cloudy. You’ll make a stupid bet and lose. If you just lost a big bet or are on a losing streak, instead of trying to force a bet, you should take a step back, calm down and just take a break, come back refreshed with a fresh mindset.
Betting blind is a purely relying on luck, if the underdog odds are 30%, that definitely doesn’t mean the team has a 30% chance of winning. It just means 30% of the betting community chose that team. A late roster change could mean there’s zero chance for the team to win. Check in with our predictions to help give you some more background on the game.
Use the lounge odds tracker to predict the final odds as the start of the match get’s closer. If the odds are increasing/decreasing for the team you intend to bet on the return may not outweigh the risk anymore. A huge significant switch of odds at the last moment may mean that something shady is going on, mostly in very low tier games, or a sudden announcement, E.g standin may have occurred.
Bookies will put up their odds based on their own expectations, as the bets start coming in they'll tweak the odds to ensure it's still profitable for them. That early stage is key to getting an edge on the bookies.
As soon as you feel like you have to bet again to recoup loses, you’ll feel compelled to make bigger bets with bigger risks. This often starts an endless cycle driving your losses further and further. Instead, after a big loss, take a day off from betting (or a week if was really big). .Keep to the proper bet sizing based on the risk of the match no matter what. You are not in a race to win it back, just take it easy.
Do not blindly follow betting site odds and think that they are correct to the true odds. If a betting site has ‘Team A’ as a heavy favorite, it does not always mean that it’s an easy win for ‘Team A’.
SK beat Na’Vi… Na’Vi beat E-Frag. That means SK can beat E-Frag now, right? No.
There are many factors which contribute to the team winning a match, these factors such as player performance, map selection, strategy and tactics which may not apply to other teams.