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I'll Bet You Ten Bucks...

By Chuckmonster on Thursday, 22nd July 2010 3:22am
  » filed under The Internets  comments: 3

   

How many times have you instigated a friendly wager amongst online acquaintances? If you've spent any time whatsoever reading this website, you know that I start bets here and on the Twitter about three to five times a day. Usually, these wagers just kinda get laughed at, commented on and no actual wagering ever takes place. A damn shame.

Betable.com, a start up internet outfit based in the U.K., aims to change that by giving people the opportunity to create and disperse payments on anything users wish to bet on. Shit, I love the internet and I will bet on nearly anything... sign me up!

Signup took about 30 seconds, but the website made it abundantly clear that internet gambling isn't allowed where I live (the United States of Los Angeles) so I would not able to create or participate in any bets. BoooooO!

Among the bets listed on the site was to: guess the number of people who will show up to "Pillow's" birthday party (a dog), guess what the winning hand of the 2010 Main Event would be, guess if marijuana will be legalized in California, guess who will succeed Simon Cowell on American Idol.

Betable Wagers

Payouts are based on the size of the pot and the percentage of wagers placed on various outcomes minus a rake, much like the racetrack. The site is also wired into Twitter and Facebook as well... which means that you could easily become your own bookmaker and social media advertising team. This type of self service wagering software has the potential to become a huge player in internet wagering if they were to allow bet creators to get a percentage of the rake. Oh and gambling via the internet were legal in the You Knighted States.

Hat tip to TechCrunch.



Tagged: betable   gambling   internet   





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Comments & Discussion:

I have a feeling, Pillow's birthday is going to have more people attend than my birthday. Womp womp.

Glad you like the site! Fun to explore the creative bet possibilities for sure... btw some of the NSFW private bets are amazing. *(Full disclosure I head Customer Development @Betable) If only the US weren't so concerned with Janet Jackson's boob and hypocritical morality, but thats another story.

The interwebs are a playground, Betable helps you draw a line in the sand(box).

For reference, here is exclusive video from Pillow's first birthday party: http://www.youtube.com/watch?v=qgj6Lrs4Or0



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