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Sportsbetting Legal Tightrope
The new Los Gatos, California-based betting website Bet Against Me.com seems to be walking a US legal tightrope with a mix of betting exchange and the "private club" concept favoured by several American online poker sites like WPT Club recently.
The free site encourages players to bet against each other in order to legally win large cash prizes, a company spokesman said this week.
"For years now, [US] sports fans have been turned away from online sports betting due to legal issues, security
concerns and the danger of losing money," a statement from the company claimed. "With the launch of Bet Against Me.com, this will all change."
The new sports betting site allows bettors to win large cash prizes without risking a cent of their own money - circumventing US sportsbetting bans. Players create a new account at the website, receiving $10 000 of fictional play money in their account at the beginning of each week. Throughout the week that follows, players attempt to increase their bankroll by betting against the spread on real sports events. Depending on the season, sports will include football, baseball, basketball, and hockey.
At the end of the week the player who has accumulated the most fictional play money in their account by winning against the spread on their bets will receive the weekly prize money in real cash. Rather than playing against the house, players compete against the other players.
There will also be opportunities for daily and grand prizes. The Bet Against Me.com social network page allows users to add friends, and see what other players are betting on.
"Since there's no house to pay, there's no juice to spread around and no fees to be paid. Everything is 100 percent free and legal in the US!" the company claims, begging the question, what's in it for Bet Against Me.com? Presumably building community traffic and attracting advertising revenues?
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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