Online based sports betting site Betonline announced this week that the Panama based company has hired four new sports traders; two from Europe and two from the United States.
Additionally Betonline has announced that it is raising the betting limits on NFL games to $25,000 per game and lowered prices on international sports betting to a level which Betonline claims to be the lowest in the market.
Alex Carey, BetOnline Chief Marketing Officer said, “We’ve recently brought in four new traders—two from the States and two from Europe—and their impact on BetOnline’s sports offering has been dramatic. They’re managing all of our live in-game action, which includes MLB and pre-season NFL, but also live soccer, tennis and golf. And while the live action is great, what they’ve been able to do with the moneylines is startling!”
The new traders include a former Pinnacle Sports trader as well as an ex-Bwin trader who are bringing in a variety of new betting options and lines to BetOnline, with 16 cent money lines on both golf and tennis as well as 10 cent spreads on UEFA Champions League Soccer.
“European books rob you by including the draw and making 3 way lines in golf. If you’re betting on golf or tennis, you have to check our prices.” commented Carey.
“In the US, we’ve often been jealous of the choice and value they have in Europe; no more. Cricket and Rugby are usually 30 or 40 cent lines, Champions League typically 20 to 30 cents."