CentSports.com Uses Loophole In UIGEA For Legal Online Gambling

Sports gambling is the the one form of gambling that even opponents of the Unlawful Internet Gambling Enforcement Act believe to be illegal. whether online casino or online poker gambling is cleared by the government, sports betting most likely will not.

CentSports.com, however, has found a loophole in the UIGEA that allows their site to offer sports gambling with no risk of any legal trouble. That's right, gamblers can go to CentSports.com and make bets and collect their money if they win.

O.K., it's not exactly that easy to win the money, but the opportunity still exists. The way it works is a person starts an account within the site. The owners of the site then place $.10 in the players account. The player can use that "play money" to bet on any sporting event that is listed on the site.

Once the player wins enough games, and accumulates at least $20 in their account, they can withdraw their funds in real money. They will then receive a check from the site.

The site makes money through their advertising. The more people that sign up and play, the more advertising money they make. They claim, however, to use much of that money to fund player accounts.

The UIGEA states that any online betting or gambling site in which you can deposit money into is illegal. Since there is no money being deposited by account holders at CentSports, it stays in compliance with the law.

The other good part for gamblers is they have a never ending flow of money in their account. If they lose their first $.10, then another $.10 is added. An account will never drop below the $.10 mark.

Currently the site only accepts players from within the US, which is in direct contrast from other online sportsbooks. The quality of the betting lines is also assured because the site takes their lines directly from Las Vegas sports books.

CentSports.com was founded by a group of professionals and students in and around, College, Station, Texas.

January 31, 2009
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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