|(London, 15/07/04) Betfair, the world’s leading online betting exchange, have signed a year’s sponsorship deal with the Stock Exchange Cricket Club.|
Betfair, which is based on the stock exchange, has teamed up with their cricket club as they embark on their tour of Scotland where they will play a series of matches against the Scottish financial community and the MCC.
Caspar Hill, Betfair’s UK PR Manager, said, “The inspiration behind Betfair was the stock exchange and therefore it seems wholly appropriate that Betfair should sponsor the S.E.C.C. We wish them luck on their forthcoming tour.”
The S.E.C.C is open to anyone who is a member of the London Stock Exchange with the seasonal showpiece being the Stock Exchange v Lloyds game. For anyone based in the City of London interested in joining the S.E.C.C please contact them through their website at www.ukcricket.org/secc
Notes to Editors:
1.Betfair (www.betfair.com) was the first person-to-person betting exchange. A betting exchange allows punters to bet on prices set by punters themselves rather than by a bookmaker, which, by one independent study, results in Betfair’s odds being 20% better than bookmakers’ starting prices.
2.Betfair was launched in June 2000 and is already the UK’s No 1 online betting company. At peak times the exchange – based on the NYSE - matches up to 12,000 bets a minute.
3.The company’s co-founders – former professional gambler Andrew Black and former JPMorgan vice-president Edward Wray – were jointly voted Ernst & Young Emerging Entrepreneur of the Year 2002. In April 2003 Betfair won a Queen’s Award for Enterprise in the Innovation category.
For further information please visit www.betfair.com or ring Communications, on 020 8834 8000.