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SOCIAL BETTING GAME LAUNCHES ON FACEBOOK

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 :

Police Stop Asia Pacific Poker Tour Nanjing Millions - There was drama at the Wutaishan Sports Centre in Nanjing Friday when local police stopped players entering to participate in the 2015 Asia Pacific Poker Tour Nanjing Millions, issuing a notice which shut down the tournament and claimed the organisers were suspected of illegal gambling.

FBI Evidence Against Paul Phua Dropped - Federal prosecutors in the illegal sports betting case against Paul Phua suffered a setback Friday when US District Judge Andrew Gordon ruled that evidence gathered through a questionable FBI ruse abused the accused's privacy rights and is therefore inadmissible.

Gaming Standards Association To Discuss Online Gaming - The Gaming Standards Association (GSA) announced Friday that the group's Online Gaming Committee will meet May 12 and 13 in London to do a final review of the Third-Party Game Interface standard.

NYX Gaming Posts Q4 and full year 2014 results - Expansion is the broad strategy going into 2015, online gambling software and turnkey provider NYX Gaming revealed in posting its Q4 and full year 2014 results this week, flagging the following highlights:

Bwin.Party Intergrates Net Entertainment Games - Late last year Bwin.Party signed a content supply agreement for its internet and mobile casino with Swedish online gambling software developer Net Entertainment, and the deal came to fruition this week with the launch of the new games.

Game Account Network has posted a GBP 2.6 million pre-tax loss for 2014 - The Irish online gambling software provider Game Account Network (GAN) has posted a GBP 2.6 million pre-tax loss for 2014 despite a rise in underlying net revenue of 20 percent to GBP 6.5 million.

Global SportsBetting Market WOrth 3 Billion - The global sports betting market is conservatively estimated to be worth up to $3 trillion, and 90 percent of it is illegally conducted, a United Nations conference session on match-fixing heard this week.

Two hearings scheduled For California Online Poker - Further information is now available on the planned joint informational hearings on the legalisation of online poker by California's Senate and Assembly Government Organization committees

Positive online gambling legalisation bill hearings In Pennsylvania - Media reports from Pennsylvania on Thursday's online gambling legalisation bill hearings are pretty much unanimously positive, portraying a professional political approach by members of the House Gaming Oversight Committee, which reportedly listened intently to the testimony of properly experienced and qualified people.

Resorts Casino AC Opens Online Gambling Lounge - The sixth Atlantic City casino to introduce online gambling, Resorts Casino Hotel has taken a further step in merging in-person and online gaming by launching its Internet Gaming Lounge Thursday.

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