New Online Casino Pays Out and Still Legal in U.S.
Until sanity returns and Barney Frank's bill superseding the UIGEA is enacted, online gambling is problematic in the U.S., and most online casinos either refuse American customers or do business with a very low profile, letting third-party money handlers share the risk. However, there is a new online gambling site that is perfectly legal, operating in the U.S., and is easily located.
Centsports.com was established after carefully examining the requirements to be considered gambling. A reward given to certain participants is one element, chance in the selection of winners another, and the third, and key for Centsports, is consideration by players.
That is, a patron must put up money to receive a possibility of winning the prize. Centsports does not charge its customers; rather, it gives them money with which to play. If bets placed are successful, gamblers can cash out. If bets are losers, the customer can start over again fresh.
How can such a site stay in business? Giving away money surely can't be profitable. But it is, due to Centsports' careful money management.
Players sign in after a free registration. Each account is given ten cents, and can bet on any line Las Vegas carries. Whenever an account reaches $20, the owner can cash out, either entirely or any amount up from a minimum of $10.
A payout total for the site is set, and winners must compete for the community pot, with big winners given preference.
Profit for the site is generated by selling advertising, giving companies a chance to reach an ever-expanding field of players. Over 200,000 users are registered, and players are encouraged to sign up friends, getting a 5% credit of friends' winnings.
Playing with dimes may not seem attractive to hard-core gamblers, but sometimes the thrill is in the action, and playing to beat a system in which one can't lose certainly has its positives. If a patron wins enough, he collects; if he loses, well, better it be free play than thousands of dollars.
