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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?
Gambling News :
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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