NZ betting outsider to host 2011 Rugby World Cup

CENTREBET MEDIA RELEASE (MAY 11, 2005)

NZ betting outsider to host 2011 Rugby World Cup

New Zealand is Centrebet's outsider to host the 2011 Rugby World Cup after the Kiwi government announced that it will lodge its country's bid with the International Rugby Board later this week.

Centrebet is taking bets at odds of 1.33 that Japan beats South Africa (3.25) and New Zealand (15.00) when the IRB announces its decision in November, six years prior to the tournament.

"The IRB is eager to spread the game beyond its heartlands and Japan boasts the infrastructure required to host such an event so it is the clear frontrunner," says Centrebet's Gerard Daffy.

Centrebet specialises in election betting and there is independent evidence to support its claim that its odds are more accurate than polls. Stanford University's Justin Wolfers and Andrew Leigh, of Harvard, found that Centrebet's prices on the 2001 Australian vote not only forecast the overall result correctly but also provided precise estimates of outcomes in more than 40 electorates.

Wolfers (http://bpp.wharton.upenn.edu/jwolfers), currently working out of the University of Pennsylvania, and Leigh (http://andrewleigh.com), now attached to the Australian National University, also praised Centrebet for the accuracy of its odds on the 2004 federal election.

Log on to http://www.centrebet.com to view its latest odds.

ENDS

About Centrebet One of the world's oldest online sports bookmakers, Centrebet's explosive growth continues 13 years on from its launch. Punters from all four corners of the globe are flocking to Centrebet because of its great odds, exhaustive range of options and guaranteed payment of winnings.

Centrebet operates in one of the world's strictest gaming jurisdictions. Australia's Northern Territory Government licenses and regulates Centrebet. Its Racing and Gaming Commission digitally monitors all transactions for the protection of Centrebet and its worldwide clients.

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