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Harmony Studios. Little Star Media Limited. ETX Capital. Casino Fans. Bettor Publishing. Free Bet King. Ladbrokes Coral Group plc. H2 Gambling Capital. Fresh8 Gaming. Sharp Gaming. Probability PLC. The Global Draw Ltd. Secondly, a lot of people had fairly high hopes for Bodugi. People liked it and liked its founders Dave Nevison and Michael Wilson. There might still be a scandal waiting to emerge or a bankruptcy in the offing but the best-informed sources claim it is neither. Unfortunately a definitive answer was not forthcoming from the Gambling Commission or the company.
The Commission has stated that the licence was withdrawn due to the concerns of customers, who were not able to withdraw their balances. Bodugi sources suggest this is all part of the normal order of things because the company is closing down its B2C operation to concentrate on an easier life as a supplier.
However, this is not the end of the story. Since launch in the company has not been good at communicating with players, partners or with shareholders. It has continuously been scrambling around for money and not always good at paying its bills. Internal sources suggest the owners are negotiating a sale but they have not communicated this to investors.
In fact, there has been zero communication with investors for over a year. Nevison is a former trader and professional gambler, who first worked with Wilson while the pair worked as television presenters on Racing UK. Both have deep knowledge and experience of the horseracing industry. They have worked their socks off to get Bodugi off the ground without ever managing to turn a profit. The problem with the B2C site is liquidity. Bodugi is a social betting game where you play against your friends or other Bodugi users instead of against the bookie.
Obviously, like poker which it modelled itself on , that needs liquidity. Bodugi never quite managed to get enough users. It tried morphing into a bookmaker proper before trying to leverage its technology into a B2B guise.
William Hill is always happy to have a punt on a bright new idea and it agreed terms. But with the B2C product flailing, the UK bookmaker seemed to have second thoughts. Sportech got further down the line but the Bodugi white label for Vernons did not get beyond the test stage by the time Vernons was sold by Sportech. As part of this push, Bodugi cut a deal with Sporting Solutions to use its data for the white labels. It was never used. In , Bodugi turned its attentions to Asia and the US.
It managed to cut deals with Dafabet and with Bet It even went as far as setting up shop in Manila but these deals also seemed to flounder. Nevison turned his attentions to the US and was well-received but always seemed to be asking for too much money. Nevison has twisted and turned in numerous different directions, trying desperately to get a failing business off the ground. However, there never seems to be enough money or perhaps the operational and management nous to drive these deals through to completion.
His story, unfortunately, is a familiar one. It is worth remembering that 75 per cent of startups fail and 90 per cent of tech startups fail. About a year ago, as entrepreneurs watched DoubleDown Casino and Playtika bringing in millions of slots players, there were a string of sports betting social sites. None of them have really gained traction.
Buddybet sold its B2C brand and became skill gaming platform provider Cashplay.
So, any time they believe one of their licensees is in danger of breaching their strict protocol they have to act — be it permanent licence revocation very rare or temporary suspensions. In fairness, the rules are quite simple. Meet these four requirements of the Commission and your licence is safe:. There are also numerous boxes to tick in terms of financial security, and when red flags emerge here — as was the case with MoPlay — the Commission is quick to act.
They had planned to restructure internally to free up funds, but in the end these plans were to no avail. But their licence was temporarily suspended by the UKGC as part of an investigation into parent company Triplebet Ltd. While not a bookmaker in their own right, EveryMatrix did attempt to break into the industry to diversify from their main operation as a software provider.
This was quickly followed by a decision by the company to leave the UK market entirely. Blackbet was a short-lived sportsbook from FSB Technology, better known as a bookmaking software provider. They voluntarily had their licence suspended following a UKGC probe, and were made to settle withdrawal requests as and when made.
Back in , Metro Play were also the subject of a UKGC licence suspension after the authority decided a review was necessary to ensure they were able to carry out their licensed activities. They and their betting platform, bet, were put under the microscope as customers became unable to access their accounts, but happily payment processor Skrill stepped in to help them make their withdrawals.
Back in , Bodugi Ltd had their licence suspended following customer complaints of how long withdrawals were taking to get processed, as well as a general lack of communication. If one can construct two or more different badugi hands with the same four cards as in the final example , the better badugi hand is evaluated against the other hands. This occurs when there are at least two cards of the same suit; one of which is paired. Here, disregarding the paired, suited card generates a better hand than disregarding any other card.
Here is a sample deal involving four players. The players' individual hands will not be revealed until the showdown, to give a better sense of what happens during play:. Compulsory bets: Alice is the dealer. First betting round: Alice deals four cards face down to each player, beginning with Bob and ending with herself.
Ted must act first because he is the first player after the big blind. Carol's blind is "live", so she has the option to raise here, but she checks instead, ending the first betting round. First draw: Each player may now opt to draw up to four cards in an attempt to improve his hand. Bob, who is to the dealer's immediate left, is given the first chance to draw.
Bob discards two cards and receives two replacement cards from the top of the deck. Bob's discarded cards are not added to the deck, but removed from play. Carol now also chooses to draw two. Finally, Alice chooses to draw one. Second betting round: Since there are no forced bets in later betting rounds, Bob is now first to act.
He chooses to check, remaining in the hand without betting. Second draw: Bob draws one. Carol opts not to draw any cards, keeping the four she has known as standing pat. Alice draws one. Third draw: Since Bob has folded, Carol is now first to act. She opts to draw one. Alice stands pat does not draw. In casino play, it is common to use a fixed limit and two blinds.
The limit for the first two rounds of betting is called a small bet , while the limit for the third and fourth betting rounds is called a big bet and is generally double the small bet. The small blind is usually equal to half of a small bet, and the big blind is equal to a full small bet. This game is also played pot-limit , half-pot-limit, and rarely, no-limit. These structures allow for more range in the amounts bet. Like other card games with a fixed order of play, position can be an important component in badugi strategy.
In addition, players in late position are able to determine the strength of their hand more accurately by observing the actions of other players. Overall, people tend to play Badugi tighter than other draw games, meaning they fold more hands pre-draw. This seems to be advisable to everyone. When drawing one card, there are only ten cards which will fill the badugi, the members of the fourth suit which don't pair the other three cards.
A player holding a badugi can use this to estimate odds. For example, a player with an 8 high hand, knows at most 5 cards A to 8, less the three pairs will fill an opponent's hand. Another aspect of the strategy of badugi involves the number of people at the table.
The more people there are at the table, the more likely there is to be a 4-card badugi. Bluffing with a 2 or 3 card hand is not usually advisable when playing at a 6-player table. When playing with fewer than 4 people, bluffing becomes potentially more effective with a three-card hand.
In badugi, the pot odds often justify or contradict making a call or folding a hand. From Wikipedia, the free encyclopedia. This article has multiple issues. Please help improve it or discuss these issues on the talk page. Learn how and when to remove these template messages. This article may require cleanup to meet Wikipedia's quality standards. The specific problem is: Article, as noted since , is largely unsourced original research with sparse sourcing from URL-only web references, and so it is not encyclopedic in any sense; see new Further reading for some book sources Please help improve this article if you can.
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