CLSA hedge fund bets on electric cars, China wind | Reuters

“People want electricity — coal as power generation needs to be addressed,” he said.

(Additional reporting by Kevin Lim; Editing by Rupert Winchester)

“Asia leads on battery development, solar panel production, and it’s soon to lead in installations with China,” he said. He said the areas investors were most interested in, because of the potential scale, were transportation and power generation.

He said Asian countries were in various states of moving toward such cleaner economies, with Japan leading the globe in making its manufacturing more energy-efficient after the 1970s oil shocks, China building more nuclear power capacity than anyone else, and India studying how to avoid polluting its ground water.

Chile’s SQM is the world’s top lithium producer and experts say a lithium boom may be coming. The fund has a large exposure to Japan, home to electric car leaders such as Toyota and Nissan as well as battery firms Panasonic and Hitachi. Automakers and battery firms are now seeking tie-ups.

“This trend is going to continue for the foreseeable future, because resources are constrained — the atmosphere has been used as a dump for free,” said Pidden on the sidelines of a UBS hedge fund conference.

China expects wind capacity to hit 100 gigawatts by 2020. “Asia will lead the world in the development of these products.”

Pidden said the firm was betting on existing technologies and did not like to take technology risks. Vestas is the world’s biggest maker of wind turbines, while Chinese industry suppliers include gearbox maker China High Speed Transmission and China Wind Systems.

CRA, part of Asia-focused brokerage CLSA, manages $100 million of assets spread over several funds, including a long-short fund that invests in clean tech equity and a more focused fund dedicated to clean water.

“The era of oil will be over by 2050 because we will have electrified the transportation system,” Pidden said confidently.

“We believe in 10 years there will be a lot of wind off China and South Korea,” he said. Bolivia holds 50 percent of the world’s lithium deposits, but extracting it may be a challenge.

A move to fully electric cars would completely change the auto supply chain, from different raw materials such as lithium for batteries to more consumer financing for the higher initial purchasing cost and less need for a spare parts industry.

SINGAPORE CRA Management, a clean-technology focused hedge fund manager, is betting on offshore wind, electric vehicles and cleaner coal, all technologies that it sees taking off on a massive scale in Asia.

“In 15 years there will be drop in demand for oil as a transportation fuel,” he said.

CRA has beaten indices such as the MSCI index of Asia-Pacific stocks traded outside Japan since its inception in August 2006, Pidden said without giving details, though many clean-tech funds dived last year.

By Neil Chatterjee

| SINGAPORE

Andrew Pidden, managing director of the Singapore-based firm, said the world will move toward a low energy and low carbon economy because of several large drivers — the rising cost of energy, the desire to clean up the planet and a push from consumers for green products.

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Kambi Group plc: LeoVegas selects Kambi Sportsbook

We look

forward to supporting LeoVegas in delivering on its ambition to create a

game changing mobile sports betting experience.”

LeoVegas´ vision is to create the greatest gaming experience and be

number one in mobile gaming entertainment. The Company’s Certified Advisor is

Redeye AB.

. Kambi Sports Solutions

is eCOGRA certified. We

are excited to work with LeoVegas as our services will complement their

existing casino offering with a premium sports betting service that will

accelerate growth. The Mobile Gaming Group

LeoVegas holds a leading market position in mobile casino

gaming. LeoVegas is characterised by award winning innovation and strong

growth. The operations of LeoVegas are based in Malta while the

technology development is in Sweden.

“LeoVegas is a very exciting and fast growing brand in mobile gaming. The agreement will see Kambi’s sportsbook

tightly integrated into LeoVegas’ proprietary platform enabling its

players to move seamlessly between casino and sport. Our mutual interest in driving innovation in mobile

sports betting forms a powerful foundation for this partnership.

We are excited by this partnership and look forward to delivering a game

changing mobile sports betting experience.”

“LeoVegas mobile gaming group´s success to date has been based on a

passion for the greatest gaming experience, innovation and a genuine

mobile first focus. At LeoVegas, we would never compromise on

the customer experience and in sports we believe no one has yet taken

the mobile leadership position.

Disclaimer: The information in this report/press release is such that

Kambi Group plc is required to disclose under the Swedish Securities

Market Act.

Kambi Group plc is a B2B supplier of fully managed sports betting

services on an in-house developed software platform, providing premium

turnkey sports betting solutions to B2C operators. Kambi Group plc is listed on First North at Nasdaq

Stockholm under the symbol “KAMBI”.

The company’s current coverage includes more than 120,000 live betting

events and 250,000 pre-match events per year, covering 65 different

sports from all over the world. LeoVegas has been internationally recognised and has won

several awards, including “Slot operator of the year 2015″, “Marketing

Campaign of the year” and “Innovation in Mobile and Tablet” at EGR

Awards. The ultimate parent company

LeoVegas AB (publ) invests in companies operating in gaming on mobile

and other online devices, as well as companies developing related

technology. More at www.LeoVegas.com

Gustaf Hagman, Group CEO and Co-founder of LeoVegas, said:

About LeoVegas Mobile Gaming Group

Kambi Group plc (STO:KAMBI) is pleased to announce that it has signed an

agreement to deliver its fully managed Sportsbook solution to mobile

gaming operator LeoVegas. Kambi employs approximately 433 staff across

offices in Malta (head office), Bucharest, London, Stockholm and Manila. In addition, the

agreement with Kambi will further enable LeoVegas to expand into

international markets.

This information was brought to you by Cision http://news.cision.com

About Kambi

STOCKHOLM–(BUSINESS WIRE)–Regulatory News:

Kristian Nylén, CEO of Kambi Group plc, commented:

Following an extensive selection process, we are thrilled to be

partnering with Kambi whom we identified as the partner that can match

our high ambition and provide enabling technology and capability for us

to innovate and drive the sports betting experience in the mobile era. Kambi’s service

encompasses a broad offering from front end through to odds compiling

and risk management. Kambi’s customers include Unibet, 888,

Paf, 32Red and Napoleon Games. Kambi utilises a best of breed security

approach, with guiding principles from ISO 27001

Using Reverse Line Movement To Win

However, instead of the line rising as you might expect, it instead drops to Chargers -6. This would make Miami +6 the RLM play.

So what causes RLM when the aim of most sportsbooks is to get as close to balanced action on both sides as possible? The answer to this is quite simple: the sharp bettors; the one’s who give sports betting advice.

prosportsonline.net

So what we recommend is to only use the top five each season for each individual sport (in terms of units won). It should be noted that many fewer MLB games have qualified so far this season (is the whole world using RLM now?), but smaller profits is still profit.Again, these records are for Money Lines only and do not include totals.Finally, NHL sports betting has picked up 148.49 units in two years, and unlike MLB, NHL had four sportsbooks out of the top five gain double-digit units this past season. Carib ruled the roost season at 93-66-9, 58.5 percent, +18.55 units after ABC held the penthouse spot in the 2007-08 season.

The highest two-year winning percentage using RLM from the top five books belongs to College Football, which went 480-341-10, 58.5 percent, +95.10 units. We tracked the top five books for each of the pointspread sports for the last two years, as as you can see, this strategy has been profitable in every sport. RLM takes place when more money/ sportsbook picks are bet by the small percentage of bettors that are on the unpopular side (the sharps) than is bet by the huge majority of players betting the popular side (the squares). Furthermore, they list the RLM records for many individual sportsbook, making it easy to spot which books this system is working at and which books it may be best to ignore.

Thus, following reverse line movements is the same thing a following the smart money. This may enable you to get the stale more favorable sports betting line at the time the reverse line movement hits at the triggering Sportsbook. Quite a few RLM followers watch the moves until almost game time, and then bet accordingly.

College Basketball sports betting was not too shabby either, with a two-year mark of 492-356-22, 58.0 percent, +91.96 units. Keep a close eye on Canbet here, as that Australian sportsbook cracked the top five both years.

By: Manny G

So what exactly is reverse line movement? RLM takes place when a large majority of bets are on one team, yet the line moves in the opposite direction. The records quoted below are based on the bets being made at the triggering books, so beating the move by a half-point or a few cents now and then would actually make your record even better.

Article Directory: http://www.articledashboard.com

NBA sports betting has the lowest two-year five-book RLM winning percentage among the 11/10 sports, but then again, every gambler in the world would kill to go 382-301-9, 55.9 percent, +48.90 units, and the 57.5 percent win rate this past season is nothing to sneeze at. Last year was a good RLM season for NFL sports betting (45-29, 60.8 percent, +11.91), but two sportsbooks that were in the top five in NFL RLM in both seasons.

The proper way to make a sports bet using reverse line movement is to place your bet as soon as there is an RLM of one full point (or 10 cents in MLB and NHL) off of the opening line. To illustrate, let us say that San Diego Chargers open at -7 over the Miami Dolohins, and over 70 percent of the sports bets placed on the game are on San Diego. This is where an important word of caution is in order though. Note that these records are for sides only and do not include totals.

The NFL sports betting is generally considered the toughest sport to beat, yet blindly following this method produced an exceptional 59.2 percent win rate last season, improving the two year record to 328-249-12, 56.8 percent, +59.06 units. Sure, using this approach leaves open the possibility of the line turning around and moving back against you, but as you will see in bit, betting as soon as an RLM qualifies has been profitable in every major North American sport such as the last two seasons, so if one line turns around, so be it. Another important recommendation is to use a slow moving (but reliable) sportsbook. The huge problem with this is that the nfl line, ncaaf line or nhl line may have moved too much by that time, and all of the value has been sucked out of the unpopular side.

Also, games where over 60 percent of the public are on one side, yet there is reverse line movement of at least 10 cents on the Money Line from the opening number at the top five sportsbooks in MLB and NHL sports betting has also been profitable. Keep an eyes on the top five sportsbooks at Sports Insights though, as NCAAF sports betting has been very liquid in that regard, with only one sportsbook (believe it or not, Bodog) finishing in the top five both years.

Now do the sharps win every single time? Absolutely not! However, they are right more often than they are wrong, so being on the same side as the sharps is a prudent strategy over the long run, and again, the best thing is that there in absolutely no conventional sports handicapping necessary..

To back this up, our friends over at Prosportsonline.net have tracked the records for games where over 60 percent of the public has been on one side, yet there was reverse line movement of at least one full point from the opening number at the top sportsbooks in NFL, NCAAF, NBA and NCAAB. All of this will be fun to follow (not to mention profitable) when every sport except baseball are going on simultaneously during the winter months.

http://prosportsonline.net. Keep in mind that NCAAB was the most liquid sport in terms of top-five sportbooks however, with not a single sportsbook making the top five both years

5 myths of sports betting legalization

4: It will damage the sports betting business in Las Vegas

“One of the things that makes sports betting so interesting is that it is probably by far the most widely participated in form of illegal gambling. Say I set up an account with Legal Sportsbook A. Maybe more so.

Once games happen, the stats are public domain. The U.S. There are going to be a lot of hands in the cookie jar. Vegas has had to reinvent itself as a place that is about more than just gambling. This is the type of financial recklessness associated with problem gambling.

Mr. When I lose this money, it’s gone, and I can’t bet until I put more money on deposit. I will likely have to put money on deposit to do so. U.S. operation for the U.K. Since sports gambling is currently something that happens in the shadows, problem gamblers are likely to hide in that shadow until it is too late.

In that time span, we all know that Vegas has flourished. Illegal sports betting has some characteristics that can lead to problem gambling more than legal betting would.

Myth No. bookmaking powerhouse William Hill has already set up an operation in New Jersey, and MGM CEO Jim Murren has said his company is interested in expansion.

The thought process here is that with legalized sports betting available locally, there will be less interest in making the trek to Sin City to wager on sports. In the past two decades, although total revenue has risen, percentage of revenue from gambling has decreased from close to 60 percent to last year’s 38 percent.

Myth No. Illegal gambling is one of the factors that’s associated with gambling addiction,” Keith S. If it’s legalized, there will be huge changes, but some assumptions are simply off.

Las Vegas sports book operators are already looking to expand to other states. “But for the FBI knocking on our door and notifying us about Donaghy’s betting, none of the systems that we then had in place had captured any betting by Tim Donaghy.”

Until many of these questions are answered, it will be difficult to draw any hard conclusions about the ramifications of legalized sports gambling in the U.S. In addition, customers are far more inclined to place a wager when they don’t have to put any money down.

While it seems that the question of legalizing sports betting presently is more of an if than a when, there remains a great deal of uncertainty regarding what it would look like. This credit relationship will be hard for many gamblers to give up.

Silver echoed this sentiment when discussing his personal revelation in an exclusive interview with ESPN. Sen. In the latter case, I set up a credit arrangement with Illegal Book B and we agree that I will pay every time I go over $1,000. First off, the government will only legalize if it is going to get significant revenue. The two biggest reasons people bet with bookies (beyond the lack of alternatives) are the convenience and the line of credit. Concerts, shows, high-end nightclubs and restaurants draw people to Vegas as much as the gambling does. “The Donaghy controversy also made me aware how important it is that we have a way of monitoring irregular activity on our games,” Silver said. Whyte, executive director of the NCPG, told my ESPN colleague David Purdum.

The topic of federal legalization of sports betting has been brought up before, but it has gained steam since Adam Silver’s November New York Times op-ed and after Silver’s cover story in ESPN The Magazine’s Gambling Issue. I am concerned that the overall pie, even with online gambling, may not be large enough for the leagues to make the money they are hoping for.

Since bookies will not have to pay taxes or licensing fees, they will be able to offer better margins or incentives to their customers. (It’s common for bookies to offer rebates to their big customers.) This will be difficult for legal bookmakers to compete with.. In fact, there’s an argument that exposing more people to sports gambling in their native states will make the general concept of sports gambling more approachable, ultimately leading to a larger overall percentage of sports fans-turned-gamblers.

In the most relevant case, CBC, the parent company of CDM Sports, a fantasy provider, sued MLBAM after being denied a new fantasy sports license. This is not how most bookies work. District Court Judge Mary Ann Medler ruled in favor of CBC, stating that “statistics are part of the public domain and can be used at no cost by fantasy companies.” One would infer that the same would apply to legal bookmaking operations.

Myth No. Many bookies will allow me to get more credit and continue to gamble. There are no credit checks or margin calls until it is time for me to pay. Purdum, an expert on the subject, has been vocal in his belief that online sports gambling will need to be a big part of the new legalization plan, and I share his belief, as betting on a phone and computer is simply much more convenient than driving to a brick-and-mortar sports book and making a wager. How will it be regulated? How involved will the government be? Will it be federal enforcement or on a state level?

Those betting with bookies have predetermined settlement terms.

There is simply no way the leagues could ask for a percentage piece of gambling revenue, as this would result in a huge conflict of interest. These days, most bookies provide both a phone number and website where bets can be made. Those who believe that legalized sports betting will lead to more risk of game fixing simply don’t understand why games are fixed. It’s a pretty reasonable assumption that it’s easier to fix a game in an environment where most of the money wagered is impossible to discover or track by the government. The experience of going to Vegas is becoming less and less about putting down a sports bet and more and more about the experience of everything else. In addition, asking for a percentage based on the overall handle (total amount wagered) will cut into the margin of the sports books too significantly.

I see the same trend happening if sports betting gets legalized in the U.S. This year, it is on pace to welcome a record 40 million visitors. Second, operators will need to run a cost-effective business, which may prove difficult if there are a lot of other hands to feed besides the government.

I understand the argument that legalized sports betting could expose more people to gambling and the increased ease and access will create more problem gamblers, but I simply don’t buy it. John McCain (R-Ariz.) also recently said that Congress needs to hold hearings to discuss legalizing sports betting.

When I think about the best way to legalize sports gambling from a logistical standpoint, I get a headache. But let’s say I have a bad losing streak and end up down more than $1,000. If something shady were to occur in a game around a betting proposition, raised awareness by the public about gambling in general would help highlight any improprieties before, during and after the match.

The real value for them will be potential marketing dollars and increased fan engagement, not licensing fees for data or direct revenue from wagering.

And I have heard some mention licensing fees for data, but haven’t we already covered that in lawsuits against both the NBA and Major League Baseball Advanced Media (MLBAM)? In both cases, statistics and data were ruled to be public, not a private asset for which the leagues could charge a license fee.

Here’s an example. 3: It will put local illegal bookies out of business

My answer is a solid maybe. Are fewer people gambling because they can do it in their home state?

At any rate, I really don’t see legalized sports betting in other states having a big impact on the sports betting business in Vegas.

This is the easiest myth to dispel. Yes, trademark images and logos would be a different story, so I could see the leagues getting marketing deals, but I don’t see that as a huge windfall for the leagues.

Those who believe this simply don’t understand how sports betting with a bookie works. Some are based on a time frame, while others are based on going over agreed-upon limits. 5: It will create greater risk for game fixing

There are a lot of unanswered questions regarding legalization of sports gambling in the U.S., and it will be fascinating to watch how it unfolds in the next few years. 2: It will create more “problem gamblers”

Furthermore, once sports betting becomes legal the negative stigma behind it will eventually disappear, which will make it a bit easier for problem gamblers to ask for help. Legalized sports betting would elevate these now somewhat esoteric notions into the mainstream conversation about sports. However, there are certainly some myths that I believe can be dispelled.

In addition, game fixing would be easier in a world where fewer people track or are even aware of things like point spreads and over/under bets. In order to grow the pie large enough, these conveniences must be provided to gamblers. 1: It will result in large revenue for the leagues

Myth No. This mirrors a similar concern that some had 25 years ago when Indian and commercial casinos began sprouting up all over the U.S.

Here are the top five myths about legalizing sports betting and why they’re wrong:

The National Council on Problem Gamblers has found that problem gamblers are most often involved in illegal gambling, so moving toward a model where more gamblers are doing it legally can only help.

Myth No