BetOnline.ag

Gambling Company Poised to Lose Millions if Trump Wins Election

Published

4 years ago

November 3, 2020

For online gambling company BetOnline.ag, it’s beginning to feel like 2016 all over again.

In the weeks leading up to America’s last Presidential Election, widely-respected political polls and predictive models suggested a somewhat easy win for Hillary Clinton.

RealClearPolitics and FiveThirtyEight both projected Clinton’s chances of becoming the nation’s first female president around 70 percent. Other websites were even more bullish on Clinton, and so were the bookmakers.

“When there’s a fishy line or movement in sports betting, the old adage is that ‘Vegas knows something,’” Dave Mason, brand manager at BetOnline.ag, said. “But in 2016, it was the bettors in the know. The oddsmakers make a living being on the right side, but they were dead wrong that year.”

European Gaming Congress 2024 (Warsaw, Poland)

Money flooded in on Donald Trump in the weeks and days leading up to the 2016 Election. But BetOnline and other bookmakers worldwide were firm in their position and continued to offer great value on the underdog.

“Everyone was shell-shocked. Heck, I even think Trump was a little surprised,” Mason said of the 2016 outcome. “To say the bookies took a bath that Election Day would be a gross understatement. The decision was a big loss for the industry, and a big win for the betting public.”

Estimated losses in the global gambling markets that were able to offer political wagering for the 2016 U.S. Presidential Election were reportedly in the hundreds of millions.

Fast forward four years, and gaming properties are sitting in a very similar position.

As of this release, FiveThirtyEight is giving Joe Biden even better odds than Clinton, currently predicting an 89 percent chance the former VP will be elected. RCP’s national poll average shows Biden winning by a small margin.

But the bettors, once again, are predicting an underdog outcome.

Since Monday, BetOnline.ag reported that 85 percent of the bets taken on its presidential odds have been on Trump. This one-sided action has greatly swung the numbers in terms of the company’s liability. BetOnline revealed that it stands to lose a seven-figure sum if Trump is re-elected.

“Political stances aside, we’ll all be rooting for the favorite next week,” Mason said. “That’s uncommon in our industry, but we need Biden in a big way.”

Political betting has become wildly popular over the last 10 years, and the 2020 Presidential Election is close to becoming the biggest decision in BetOnline’s 20-year history of taking wagers on sports, politics, entertainment and more. The website’s political betting markets this year have already surpassed the straight bet handle for Super Bowl LIV back in February.

BetOnline would not provide specific numbers, but a representative said that since the last election, it has booked an amount in the eight-figure range on this year’s election.

Currently on the website, Biden is a -180 favorite to win the 2020 Presidential Election while Trump is a +160 underdog.

It remains to be seen as to whether or not the gamblers will be on the right side of the odds again, but it’s worth noting that the same betting patterns from 2016 are trending as Election Day nears.

About BetOnline.ag

Established in 1991, BetOnline (www.betonline.ag) has become a worldwide leader in providing safe, legal and secure online gaming. The company’s guiding principle is to establish long-lasting, positive relationships with its customers and within the gaming community. BetOnline features the most innovative technology and online gaming solutions for its sportsbook, casino and racebook clients.

SOURCE BetOnline.ag

Adam Burns BetOnline Props Director

World Record to Be Set as BetOnline Places First Wager From Space

Published

3 years ago

May 4, 2022

GamingAmericas.com

BetOnline.ag, a sports betting, poker and casino website that has been in operation for more than 25 years, is scheduled to set history in the gaming industry by becoming the first company to accept wagers surrounding a coin flip from space.

BetOnline worked with Sent Into Space, a high-altitude balloon operator led by Dr. Alex Baker and Dr. Chris Rose, to execute the launch of the first bet from beyond Earth’s atmosphere. Sent Into Space has more than 500 successful flights in its portfolio, collaborating with high-profile brands such as eBay, Pixar, Barbie and Burger King.

“When BetOnline approached Sent Into Space last year with the idea of placing the first bet in space, it was all hands on deck to make this novel concept come to fruition,” Dr. Rose said. “Not only did they manage to conceptualize this incredible feat, they also achieved a world record in the process.”

The world’s first-ever bet from open space was a two-pronged approach that required months of research and preparation.

The first of the two launches sent a spinning coin bearing the BetOnline logo 20 miles above the atmosphere, stopping only once the craft returned to Earth several hours after launch.

The second launch rocketed a spacecraft with an iPad and a robotic arm. The iPad provided a live feed of the BetOnline.ag website in space by using a two-way network bridge. The final innovation was a highly-dexterous mechanical arm accompanied by a stylus, which placed a bet on the outer space coin toss in real-time.

The coin toss bet, heads or tails, was called at random using a random number generator with unpredictable inputs from environmental sensor readings, ensuring the outcome was impossible to predict in advance.

“This collaboration was our most ambitious project to date,” Sent Into Space co-founder, Dr. Baker, said. “The creativity from BetOnline was other worldly, and the development of highly complex technologies from our team allows BetOnline to continue to be a trailblazing leader in the betting space and beyond.”

The outcome of the flip has already been privately recorded, but BetOnline customers have been placing wagers on the 50-50 proposition during the last month. Betting on the coin toss will be available until the “landing” is revealed, which the company has said will coincide with National Space Day on Friday, May 6.

“We set the prop bet standard and we wanted to etch our brand in history with a record-breaking attempt,” Adam Burns, BetOnline Props Director, said. “In honor of Space Day, we want customers to celebrate space along with the timeless tradition of picking ‘heads or tails.’”

The “first bet in space” initiative is currently being submitted to Guinness World Records.

BetOnline.ag is renowned for innovative approaches of putting its brand on the map, previously placing a wager from the top of Mount Everest.

Earlier this year, BetOnline became the first operator to add the popular cryptocurrency ApeCoin to its crypto cashier.

ApeCoin

BetOnline Becomes First Casino and Sportsbook Company to Accept BAYC ApeCoin for Transactions

Published

3 years ago

March 21, 2022

GamingAmericas.com

BetOnline.ag, one of the world’s largest online sports betting, poker and casino platforms, has become the first gaming operator to add ApeCoin to its approved cryptocurrency processing list.

ApeCoin ($APE) began trading on crypto exchanges Thursday, March 17, after months of hype and speculation behind the ERC-20 token created by Yuga Labs, which is the parent company of the popular NFT project, Bored Ape Yacht Club.

BetOnline, which publicly announced its entry into the NFT market in February after purchasing Bored Ape #320 for $375,000 during Super Bowl week, was an early adopter of cryptocurrency. The website first began accepting Bitcoin for transactions in 2010.

“We got in early on Bitcoin because we are confident blockchain is the future of global currency. And now, it’s incredibly exciting to start adding NFTs to our asset vault and be the first in our industry to accept ApeCoin. We’re bullish on the world of Web3, and we’re eager to build and strengthen our partnerships and promotions in this space,” BetOnline CEO Eddie Robbins III said.

Outside of Bitcoin, BetOnline.ag accepts more than a dozen altcoins for deposits and withdrawals on its platform, including Ethereum, Dogecoin, Avalanche, Cardano, Polygon, Solana, and USDC.

BetOnline is widely respected by crypto communities for processing perks such as zero transaction fees, high-level security, and instantaneous deposits and withdrawals. Clients have access to crypto deposit limits up to $500,000, which is the highest in the gaming industry.

“We’ve established ourselves as the go-to sportsbook, poker and casino platform for crypto players who want the best gaming experience that is guaranteed by anonymity and transparency. The security of our customers has been, and will always be, the top priority at BetOnline,” Robbins said.