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Roulette Betting Exchange

Wednesday October 15,2014 : A ROULETTE BETTING EXCHANGE?
 
George Georgiopoulos and Gianni Galanis have a new approach to online gambling.
 
By combining a no-house-edge roulette and the broad P2P betting exchange concept in an online format, British entrepreneurs George Georgiopoulos and Gianni Galanis claim they're onto a winning proposition, reports the magazine Quartz.
 
In roulette the broad odds of the ball landing on an odd number are equal to the odds of it landing on an even number, but the addition of a 0, or even a 00, can give the house a small but statistically important advantage, reports Quartz.
 
Georgiopoulos, who is an IT expert, intends to eschew that advantage in his new online casino to be titled bet.tra.de, in favour of taking a small cut from person-to-person action between the punters who will flock to his website to play roulette where the house does not hold an edge, he hopes.
 
The duo plan to showcase their idea at the Excellence in Gaming conference in Berlin, detailing how their innovative approach can generate fun, and of course profits for them.
 
“We don’t have the zero,” Georgiopoulos told the magazine, categorising the action as P2P betting and explaining that bet.tra.de aims to connect someone who wants to bet on red with somebody who wants to bet on black.
 
He plans to make a profit by offering his players what is essentially a secondary market to trade bets.
 
For example, if a player changes his mind halfway through a roulette or slot spin, he or she can sell the bet or the risk on to another gambler at a lower rate...and it is on those small transactions that Georgiopoulos will take a small cut, a la the betting exchange business model.
 
Bet.tra.de will only offer games of chance, eschewing any sports, poker or other skilled games betting.  Once the project is a proven success, he intends to market and license the idea to online gambling companies, creating a B2B business stream for his enterprise as well.
 
Shrugging off pessimistic views that his idea will not fly, Georgiopoulos claims that the idea will appeal to online gambling site operators as a low-risk, low-cost and innovative concept....once he can show that the format works.



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Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

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2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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