Online betting exchange Betfair's first-half profits set to climb to £67million

ONLINE betting exchange Betfair's first-half profits are set to climb 37% to £67million, analysts predict, thanks to new product launches and a marketing drive.

Petra Kvitova of Czech RepublicAP

Wimbledon helped serve up good figures

Betfair is also expected to say on Thursday that revenues for the six months to the end of October rose by 26% to £236million.

This was fuelled by punters logging on to have a flutter on events including football's World Cup and Wimbledon.

In the UK Betfair is gaining market share, up from 5% to 14% this year, said JP Morgan analyst Victoria Greer.

She added: "Innovation and significant marketing should support continuing customer gains.  

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