Live Bet Makes Watching Sports More Fun With First-Ever Play-by-Play Free Betting App

Since its inception mid-last year, Live Bet has already raised $1M

against a $3M valuation between Castle, Metric Gaming, Bellwether

Technologies, LLC, and other private investors.

Founded in 2014 by video game and casino gaming veteran Louis

Castle (former CSO of ShuffleMaster;

co-founder of Westwood

Studios), Live Bet is a privately-held company based in Las Vegas,

Nevada. Launching its open beta just

in time for the Super

Bowl game on Sunday, February 1st, Live Bet’s ‘lean in’

second screen experience is played along with the game via smartphones,

tablets or on a browser, which makes watching live sports more engaging

and fun.

No other company domestically, real money or free-to-play, offers

authentic play-by-play sports line betting. Viewership for this season’s games

shows the NFL is more

popular than ever, with the 2014 division championship games

averaging 34.3M

viewers each; up from last year,” said Louis Castle, CEO of Live

Bet. Players more knowledgeable about their teams,

the game, or sports betting odds will have an advantage, though Live Bet

is intuitive enough for the most casual betting pool participant to

enjoy. Unlike fantasy football

tournaments or apps, Live

Bet enables fans to bet along with actual live sporting events as

the action happens; wagering on everything from the final score, point

spread, and what will happen next.

For more information or to join a tournament, please visit: http://live-bet-sports.com.

Additional Resources:

About Live Bet

“I saw a demonstration of Metric’s real time mobile betting technology

and my thoughts immediately jumped to the application it would have as a

second screen experience for sports enthusiasts,” continued Castle. Players who end up at the top of

the leaderboard are eligible for real money gifts, which are determined

by the size and stakes of the tournament. They

can also buy their way in by purchasing additional credits via PayPal or

Facebook credits.

Website: http://live-bet-sports.com

Facebook

App: https://apps.facebook.com/livebetsports/?fb_source=search&ref=br_tf

Facebook

Page: https://www.facebook.com/LiveBetSports?ref=br_tf

Twitter:

https://twitter.com/LiveBetSports

YouTube:

http://youtu.be/8R1M49d1NZ0

“Last year’s Super Bowl was the most watched live TV event in US

history, despite it being a blowout. There’s even a chat feature to taunt your opponents.

To join a tournament, players log on via their Facebook

profile and use credits – which refresh on game days, to enter the

tournament of their choice for free. Over the course of several

events, players can earn their way into higher stakes tournaments. Live Bet is a collaboration with Metric

Games, an industry leader in mobile sports wagering software, and

social casino developer Bellwether Technologies, LLC.

Bets can be placed on yardage gained, penalties, turnovers, and more in

a dynamic experience powered by Metric

Gaming’s world-class sports betting analytics and professional odds

makers setting the market. “Consider that a recent NFL

poll showed 37 percent of those polled participate in some sort of

fantasy football, Super Bowl pool, sports book bet or bet with an

associate – you can see the potential appeal for an app like Live Bet.”

LAS VEGAS–(BUSINESS WIRE)–Live Bet, a developer of social sports betting second screen

experiences, is announcing its new Live Bet Sports free play-by-play

tournament-style betting service and app.

“Bellwether brought their social casino expertise to the table and Live

Bet was born.”

5 myths of sports betting legalization

In addition, asking for a percentage based on the overall handle (total amount wagered) will cut into the margin of the sports books too significantly.

Myth No. operation for the U.K.

The real value for them will be potential marketing dollars and increased fan engagement, not licensing fees for data or direct revenue from wagering.

There is simply no way the leagues could ask for a percentage piece of gambling revenue, as this would result in a huge conflict of interest. This year, it is on pace to welcome a record 40 million visitors. This credit relationship will be hard for many gamblers to give up.

And I have heard some mention licensing fees for data, but haven’t we already covered that in lawsuits against both the NBA and Major League Baseball Advanced Media (MLBAM)? In both cases, statistics and data were ruled to be public, not a private asset for which the leagues could charge a license fee.

Here are the top five myths about legalizing sports betting and why they’re wrong:

Until many of these questions are answered, it will be difficult to draw any hard conclusions about the ramifications of legalized sports gambling in the U.S. However, there are certainly some myths that I believe can be dispelled.

Here’s an example. If it’s legalized, there will be huge changes, but some assumptions are simply off.

In the most relevant case, CBC, the parent company of CDM Sports, a fantasy provider, sued MLBAM after being denied a new fantasy sports license. It’s a pretty reasonable assumption that it’s easier to fix a game in an environment where most of the money wagered is impossible to discover or track by the government. 2: It will create more “problem gamblers”

The National Council on Problem Gamblers has found that problem gamblers are most often involved in illegal gambling, so moving toward a model where more gamblers are doing it legally can only help.

There are a lot of unanswered questions regarding legalization of sports gambling in the U.S., and it will be fascinating to watch how it unfolds in the next few years. The U.S. There are no credit checks or margin calls until it is time for me to pay. The two biggest reasons people bet with bookies (beyond the lack of alternatives) are the convenience and the line of credit. But let’s say I have a bad losing streak and end up down more than $1,000. “The Donaghy controversy also made me aware how important it is that we have a way of monitoring irregular activity on our games,” Silver said. 5: It will create greater risk for game fixing

Since bookies will not have to pay taxes or licensing fees, they will be able to offer better margins or incentives to their customers. In fact, there’s an argument that exposing more people to sports gambling in their native states will make the general concept of sports gambling more approachable, ultimately leading to a larger overall percentage of sports fans-turned-gamblers.

My answer is a solid maybe. How will it be regulated? How involved will the government be? Will it be federal enforcement or on a state level?

Those who believe this simply don’t understand how sports betting with a bookie works. “But for the FBI knocking on our door and notifying us about Donaghy’s betting, none of the systems that we then had in place had captured any betting by Tim Donaghy.”

This is the easiest myth to dispel. In order to grow the pie large enough, these conveniences must be provided to gamblers. Illegal sports betting has some characteristics that can lead to problem gambling more than legal betting would.

The thought process here is that with legalized sports betting available locally, there will be less interest in making the trek to Sin City to wager on sports. First off, the government will only legalize if it is going to get significant revenue. The experience of going to Vegas is becoming less and less about putting down a sports bet and more and more about the experience of everything else. U.S. This mirrors a similar concern that some had 25 years ago when Indian and commercial casinos began sprouting up all over the U.S.

When I think about the best way to legalize sports gambling from a logistical standpoint, I get a headache. bookmaking powerhouse William Hill has already set up an operation in New Jersey, and MGM CEO Jim Murren has said his company is interested in expansion.

Mr. If something shady were to occur in a game around a betting proposition, raised awareness by the public about gambling in general would help highlight any improprieties before, during and after the match.

Silver echoed this sentiment when discussing his personal revelation in an exclusive interview with ESPN. Yes, trademark images and logos would be a different story, so I could see the leagues getting marketing deals, but I don’t see that as a huge windfall for the leagues.

While it seems that the question of legalizing sports betting presently is more of an if than a when, there remains a great deal of uncertainty regarding what it would look like. In addition, customers are far more inclined to place a wager when they don’t have to put any money down.

The topic of federal legalization of sports betting has been brought up before, but it has gained steam since Adam Silver’s November New York Times op-ed and after Silver’s cover story in ESPN The Magazine’s Gambling Issue. Say I set up an account with Legal Sportsbook A. I am concerned that the overall pie, even with online gambling, may not be large enough for the leagues to make the money they are hoping for.

In that time span, we all know that Vegas has flourished. Legalized sports betting would elevate these now somewhat esoteric notions into the mainstream conversation about sports. District Court Judge Mary Ann Medler ruled in favor of CBC, stating that “statistics are part of the public domain and can be used at no cost by fantasy companies.” One would infer that the same would apply to legal bookmaking operations.

At any rate, I really don’t see legalized sports betting in other states having a big impact on the sports betting business in Vegas.

Furthermore, once sports betting becomes legal the negative stigma behind it will eventually disappear, which will make it a bit easier for problem gamblers to ask for help. When I lose this money, it’s gone, and I can’t bet until I put more money on deposit. 3: It will put local illegal bookies out of business

I see the same trend happening if sports betting gets legalized in the U.S. Concerts, shows, high-end nightclubs and restaurants draw people to Vegas as much as the gambling does. This is the type of financial recklessness associated with problem gambling.

Once games happen, the stats are public domain. 4: It will damage the sports betting business in Las Vegas

Myth No.

I understand the argument that legalized sports betting could expose more people to gambling and the increased ease and access will create more problem gamblers, but I simply don’t buy it. Maybe more so.

Las Vegas sports book operators are already looking to expand to other states. Purdum, an expert on the subject, has been vocal in his belief that online sports gambling will need to be a big part of the new legalization plan, and I share his belief, as betting on a phone and computer is simply much more convenient than driving to a brick-and-mortar sports book and making a wager. In the latter case, I set up a credit arrangement with Illegal Book B and we agree that I will pay every time I go over $1,000. This is not how most bookies work. Are fewer people gambling because they can do it in their home state?

In addition, game fixing would be easier in a world where fewer people track or are even aware of things like point spreads and over/under bets. Sen. I will likely have to put money on deposit to do so. In the past two decades, although total revenue has risen, percentage of revenue from gambling has decreased from close to 60 percent to last year’s 38 percent. Second, operators will need to run a cost-effective business, which may prove difficult if there are a lot of other hands to feed besides the government.

Those betting with bookies have predetermined settlement terms. Those who believe that legalized sports betting will lead to more risk of game fixing simply don’t understand why games are fixed. Vegas has had to reinvent itself as a place that is about more than just gambling. Since sports gambling is currently something that happens in the shadows, problem gamblers are likely to hide in that shadow until it is too late.

Myth No. Illegal gambling is one of the factors that’s associated with gambling addiction,” Keith S. 1: It will result in large revenue for the leagues

Myth No. Many bookies will allow me to get more credit and continue to gamble. John McCain (R-Ariz.) also recently said that Congress needs to hold hearings to discuss legalizing sports betting.

“One of the things that makes sports betting so interesting is that it is probably by far the most widely participated in form of illegal gambling. Some are based on a time frame, while others are based on going over agreed-upon limits. Whyte, executive director of the NCPG, told my ESPN colleague David Purdum.

Myth No. There are going to be a lot of hands in the cookie jar. These days, most bookies provide both a phone number and website where bets can be made. (It’s common for bookies to offer rebates to their big customers.) This will be difficult for legal bookmakers to compete with.

Online Sport Book Gambling by Darren Dunner

Online sport book gambling is soon becoming popular with the invention of the Internet over the last decade or so. Online sport book gives gamblers an opportunity to be a part of dozens of bets within seconds. There is every chance that you might come across scams sites, full of liars who only want to make money. Today there are nearly around 150 licensed sports books in the United States, all located in Nevada casinos.

Finding a secured and a reliable Sport Betting Site

Online sport book gambling enables bettors to bet on various sports competitions including golf, football, basketball, baseball, hockey, soccer, horse racing and boxing. Make sure to do a proper research on the game in order to make more money. Online sport book gambling has become a source of living for may people all over the world and they consistently seem to make money by beating the house.. More basically people bet on sport books to make money. This will give you a better idea of their services and help you select the site accordingly.

· It is very important to increase your knowledge about the sport game you are betting into.

Considering the number of sport betting sites on the web it is difficult to select the best one of the lot. Some bet on sport book just for fun and excitement. It is important on part of the bettor to read the rules and guidelines of the sport books carefully before placing their bets.

Online sport book gambling means different things for different people. This makes it very much important on your end to find a safe place to bet. The winning amount is paid to the bettors on the completion of the sport event or if not completed, when played long enough to become official, otherwise all bets are returned. Some bet on their favorite sport just to make the game more exciting no matter what the point spread may be. Though online sport book gamblers cannot see each other physically, they all thrive on the numerous bets taken online.

· Always use the trial program offered by the sport book website to try their services for a day or two