P2P Betting Is The Next Big Thing?

from the not-quite-what-it-wounds-like dept

While my first thought was that this article was going to be about a Napster-style system for betting, it turns out that it has nothing to do with that kind of P2P. Instead, it's talking about how online betting shops are focusing now on setting up bets between people, rather than just letting them bet against the house. The system sounds fairly complicated, but it's basically an open market type of system, that once you read through the details isn't that hard to understand. The bigger question, though, is whether or not such gambling is legal in the US - and here no one agrees. The companies that take those bets from US bettors say (of course) it's perfectly legal - and point to how eBay is just providing a service connecting two buyers, but takes no responsibility for the transaction. It's a valid point. Of course, the question then remains whether the government could go after the individuals using the site for betting with each other.

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  • identicon
    Steve, 22 Jun 2003 @ 4:10pm

    True P2P Betting Has Arrived !

    THAT kind of P2P betting has arrived!

    I just read a quick blurb about Person-2-Person Betting here on techdirt and wanted to announce that a true P2P (Peer-to-Peer) Betting application has arrived at www.thebanya.com

    TheBanya is an Online Betting Exchange like no other. It is revolutionary in that it utilizes Peer-to-Peer technology and true interactive functionality(chat, IM, forums, clubs) to offer direct Person-to-Person wagering(both public and private) in a social, community enviroment.

    TheBanya's goal is to build an online community of social gamblers who appreciate the real world interaction of casual office pools or a friendly wager over the outcome of a local sports event.

    If you are on techdirt you are most likely already a pioneer. Check out TheBanya and become a pioneer in a community we think is destined to become the next big thing online.

    You can even start your own techdirt club where people from techdirt can make betting offers only available for each other!

    any questions you can email steve@thebanya.com

    reply to this | link to this | view in chronology ]

  • identicon
    P2PSYS LLC, 2 Dec 2004 @ 3:36am

    P2P Betting Exchanges Are the Future of Betting

    Hi folks. P2P betting exchanges are the future of online betting. Look at betfair for example, the odds are AT LEAST 10% higher than with Gamebookers, Willhill, bet365 or ANY other well respected sportsbooks.
    A simple analysis shows that sportsbooks TAKE more premium than it is necessary to cover associated risks. That is the main reason why P2P betting exchange can offer a new value in online betting.
    Interested? Please visit our web site at www.p2psys.com for innovative P2P betting exchange software. You can run a successful p2p betting exchange with the platform that we offer and the price is ONLY $4,950

    reply to this | link to this | view in chronology ]

  • identicon
    P2PSYS LLC, 2 Dec 2004 @ 3:38am

    P2P Betting Exchanges Are the Future of Betting

    Hi folks. P2P betting exchanges are the future of online betting. Look at betfair for example, the odds are AT LEAST 10% higher than with Gamebookers, Willhill, bet365 or ANY other well respected sportsbooks.

    A simple analysis shows that sportsbooks TAKE more premium than it is necessary to cover associated risks. That is the main reason why P2P betting exchange can offer a new value in online betting.

    Interested? Please visit our web site at www.p2psys.com for innovative P2P betting exchange software. You can run a successful p2p betting exchange with the platform that we offer and the price is ONLY $4,950!

    reply to this | link to this | view in chronology ]

  • identicon
    David Berkowitz, 1 Jul 2008 @ 5:36am

    P2P betting exchanges are established, however there is much room for growth

    The P2P betting exchange industry has taken off in the last few years, and has reached great profitability status.

    Thus said, there is still much room for improvements within the industry, and currently there is only one major player commanding 96% of the market share.
    br> Player2Players Ltd. offers a state of the art Betting Exchange Software platform, which allows players to bet against one another in a simple to use format. The system is totally turnkey, meaning that anybody from beginners to industry veterans can be a potential operator.

    Check out Player2Players' products today at http://www.Player2Players.com/

    reply to this | link to this | view in chronology ]

    • identicon
      niel, 8 Dec 2010 @ 11:31pm

      Re: P2P betting exchanges are established, however there is much room for growth

      P2P Platform.

      Do you still have this available? I would love to hear about this

      reply to this | link to this | view in chronology ]

  • identicon
    E-PROMPT C., 3 Jan 2010 @ 1:26am

    P2P betting exchanges are more visible, however only a handful offer the services

    It is no surprise that P2P betting exchanges have made their mark onto the gambling market. Only a handful of casinos offering such services leaving users with little choice. E-PROMPT C's BetMore is a one of a kind Turnkey betting exchange and sportsbook system. Yes its (2-in-1)!! Giving you more with little setup to be done. Remember its turnkey. So everything is ready to go. Have a look at E-PROMPT C's software packages

    reply to this | link to this | view in chronology ]

  • identicon
    niels, 8 Dec 2010 @ 11:32pm

    Re: P2P Betting Exchanges Are the Future of Betting

    Is this P2P Betting Exchange Software Still available?

    reply to this | link to this | view in chronology ]

    • identicon
      Betmore, 8 Sep 2013 @ 11:27am

      Re: Re: P2P Betting Exchanges Are the Future of Betting

      Yes Betmore is still available. Same 2-in-1 experience. But now with over 100+ features; p2p combined with traditional sportsbook. It's a must have!

      reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 9 Jul 2016 @ 1:50pm

    reply to this | link to this | view in chronology ]


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