Legitimate Alternative to US Online Gambling

Online gambling in the US was always illegal, but people got away with it for years, mainly because the authorities overlooked the issue. But, as we all know, this changed in 2006 when the US federal prosecutors drilled in and put a stop to it by cracking down on the payment processors.

Since the US represents such a huge market, people tried to come up with all sorts of solutions. But webpreneur Victor Palmer from College Station, Texas, has come up with the strangest of them all!

Taking Out the Third Element

In order to violate the gambling laws, three elements have to be present: prize, chance and consideration. Palmer thought of a way to take out one of these three elements, thus making everything legal. Since taking out the "chance" and "prize" factors makes no sense at all, the "consideration" factor had to be dealt with.

He found a way to do this by creating an online gambling platform - Centsports.com - where people register and gamble with real money. Only it's not their money, as they start with 10 cents in their account, provided by Centsports, and from this point on - they can gamble freely.

We agree - this sounds strange, to say the least, but Gaming-Law specialists claim that by removing the need of members to play with their own money, the element of "consideration" is no longer relevant. This makes the process a totally legit one! Who would have thought that online gambling with money that is not yours is the solution...?

And the Oddity Continues...

So, Palmer is running an online gambling platform, which gives money to its members and allows them to cash in their winnings after reaching net wins of minimum $20. Hmm... a gambling platform which generates no income from its members, but still allows them to cash out!?

For some, this may look like a sure fire way to go bankrupt, but Palmer is smarter than that, as he set his sights on the hungry advertisers. This actually makes sense, as Centsports.com is the only legitimate online gambling platform around with a registered user database of 200,000 strong and doubling every month. These users make a good target for advertisers such as Pizza Hut, Skype and the NBA, which more than balance Centsports accounts.

So ten out of ten for ingenuity and full marks for outwitting the online gambling regulators at their own game!