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01/04/2012 : Similar concept to a Vegas Sportsbook
The industry saw another example of the thin line between social gaming and a potential cross-over to online gambling in Socialitize Ltd's launch of a new social betting game 2BET2 on Facebook this week.
The new game for Facebook users in essence provides players with an online sportsbook betting on current real-life sporting events using BB$, the game's virtual currency.
Players are able to bet on global sports events against the house or against one another using betting odds derived in the same way as a conventional sportsbook on all major sports including Football (League and College), Basketball (Association and College), Hockey, Baseball, 25 different European Football leagues, Rugby Union/League, Cricket, Tennis and Golf.
Socialitize's chief executive officer Adrian Brink is well versed in the real world of online gambling having established internet lotteries during his tenure as lottery director at Inter Lotto, a charitable foundation licensed by the Lichtenstein government in 1995 and various other positions within the industry.
"I saw an opportunity to provide a betting experience to the millions of sporting fans in jurisdictions where conventional sports betting is illegal or unavailable," said Brink. "We have tried to remain true to the style and form of more normal sports books while at the same time adding these great social hooks. While we may not achieve the level of monetisation as the large bookmakers, we are well positioned to achieve far greater levels of player participation."
"Users love the social betting hooks within the game," added Brink. "By showing players their friends' bets and allowing them to taunt or respect these bets we achieve a level of social interaction far higher than one sees in many other Facebook games. This – together with the Challenge-a-Friend functionality – really brings home the difference between 2BET2 and other betting games."
Recent Gambling News :
Fulltilt Mini Ftops -
Full Tilt is well advanced in planning for the first Mini Full Tilt Online Poker Series of 2015, which kicks off on January 4th next year and runs through January 18.
666bet Slotpay and Shutdown -
The writing may have been on the wall - or to be more accurate on several betting forums - two months ago, when complaints about slow-pay tactics started to surface from frustrated players. However, in the absence of an explanation by the owners, that is hearsay and speculation.
ONLINE GAMBLING'S CONTRIBUTION SMALL IN BRITISH COLUMBIA -
The exchanges have been focused on what opposition politicians consider to be wasteful spending at the provincial lottery, which also operates the online gambling initiative. Members of the Opposition have pointed to excessively generous separation deals for departing lottery officials, and insufficient supervision of retail ticket sales to minors.
Mr Green CEO Mikael Pawlo To Step Down -
A statement Thursday from online casino company Mr Green reveals that chief executive officer Mikael Pawlo is to step down in June 2015 as chief executive of the AktieTorget-listed company, but has been nominated to join the board of directors.
RTG Launches Wild Wizards Slot -
Wild Wizard symbols and Spell Book scatters trigger free game features with Held Expanding Wilds, Mad Magic Multipliers, Bonus Symbols and Extra Wilds in the new release of this 25 pay-line video slot.
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