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CS:GO Lounge handled over $1 billion in bets this year
E-SPORTS SKIN-BETTING WAS A BIG MONEY SPINNER
CS:GO Lounge handled over $1 billion in bets this year.
The now largely prohibited skin-wagering potential of eSports games has been illustrated by a new report on the partially-shuttered CS.GO Lounge, claiming that the site handled over $1 billion worth of bets this year before it closed down wagering in the midst of a skin betting scandal.
The Legal Sports report reveals that the site handled over $1 billion worth of bets in 2016 before shutting down its skin betting operation in August.
The Daily Dot picked up on the report and noted that roughly 103 million skins bet on around 2,800 matches throughout the year, averaging almost $10 per skin, and 37,000 virtual items per match.
Some of the more popular games attracted more action than others, the Dot observes, flagging one ESL One Cologne event this summer that saw the exchange of over 320,000 skins, with matches in that tournament attracting well over $1 million worth of bets per game.
After the Valve warnings in the skin-betting issue, CS.GO Lounge ended this lucrative business by banning skin-betting. The site now relies on a coin betting business model in which newbies are offered 100 coins on creating an account, but at present there is no indication of whether other methods of earning or buying more coins will be introduced.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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