Canada
PROPHET EXCHANGE OFFERING BEST ODDS IN NEW JERSEY FOR 2022 NFL SEASON
Prophet Exchange, the newly launched New Jersey-based peer-to-peer sports betting exchange, offered more competitive moneyline prices than its operator rivals in its first-ever NFL regular season gameweek.
A bettor who staked $100 on every winning team for NFL Week One would have made $157.46 more with Prophet Exchange, than a traditional sportsbook (total payout less Prophet Exchange’s 2% commission on each market). That’s about 10% more than a bettor would have won on a sportsbook.
Prophet Exchange operates a peer-to-peer model—the first of its kind in the United States—and acts solely as an intermediary. This means it takes no risk, and simply allows users to set prices, or place bets on prices already set by other users. The exchange then passes this unique benefit directly to the customer, by offering better prices.
Unlike traditional sportsbooks, Prophet Exchange does not add margin or vig to its odds, and sets no limits to wagers, as long as customers have a counterparty to match their bet.
Prophet Exchange also highlights it has a huge advantage on prime-time games. In Week One, Prophet Exchange bettors enjoyed superior pricing, and lots of liquidity, in prime-time: the exchange closed Thursday Night Football, Buffalo at Los Angeles at -118/+117, Sunday Night Football Tampa Bay at Dallas at -124/+122 and Monday Night Football Denver at Seattle at -265/+260.
“If a bettor bet $100 on every underdog for week one of the NFL on the Moneyline, they would have won $207 on a sportsbook—but with Prophet Exchange they would have won $318,” says Prophet Exchange co-founder and CEO Dean Sisun. “We offer competitive pricing and transparency that traditional operators simply can’t match. Our peer-to-peer model has already been a great success here in New Jersey, which bolsters our overarching vision to become the mainstream betting platform in the United States.”
New customers on the exchange this month will receive a 50% deposit match, up to $250 bonus.
“If you’re looking to bet on a team to win, or bet a prime-time game, Prophet Exchange has already proven in one week that it is the place to do so. We offer the best moneyline prices on both sides of the ball, along with spreads and totals at +100 odds, instead of the traditional -110,” says Prophet Exchange co-founder and COO Jake Benzaquen.
“Our offer of a 50% deposit match for new sign-ups in September makes Prophet Exchange an even greater value proposition for New Jersey bettors. We look forward to offering unrivaled moneylines for the rest of the NFL season—and beyond.”
NFL Legend Victor Cruz placed the very first bet on the exchange, on his beloved New York Giants. Cruz matched two bets, one on the New York Giants +5.5 at +100 (even) odds against the Tennessee Titans in Week One and one on the Giants moneyline at +230, winning both. Additionally, Cruz matched a bet on the Tampa Bay Buccaneers moneyline at -130 and won that too. A perfect Week One for the world champion!
Prophet Exchange offers moneyline, spread and total markets for NFL, NBA, NHL, MLB, NCAA Football & Basketball games. They will continue to add new sports and markets as the platform scales.
The Prophet Exchange platform is available on iOS, Android and web in New Jersey.
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Bally Bet Sportsbook & Casino app
Bally’s Interactive Launches the New Bally Bet Sportsbook & Casino App in Ontario
Bally’s Interactive, the digital and sports betting division of Bally’s Corporation, has launched the all-new Bally Bet Sportsbook & Casino app in Ontario, Canada. This latest release marks another significant milestone for the company, following the recent app update in New Jersey and a series of successful app launches in the past year, including the introduction of Bally Bet Sportsbook across multiple states and Bally Casino in Rhode Island.
The updated Bally Bet Sportsbook & Casino app represents a major step forward, as it combines the functionalities of the existing Bally Casino app and Bally Bet Sportsbook app into one comprehensive platform. Powered by White Hat Gaming, this new app allows players residing in or traveling to Ontario to conveniently place wagers on both sports and casino games using a single app, account, and universal wallet.
“We are thrilled to introduce the new Bally Bet Sportsbook & Casino app, marking a significant milestone for Bally’s. This integrated platform merges the features of our previous apps, providing players in Ontario with a seamless experience for both sports and casino betting. Our commitment to enhancing the player experience remains at the forefront as we strive to personalize the enjoyment of playing Bally Bet,” said Robeson Reeves, CEO of Bally’s Corporation.
BCLC
Be #GiftSmart: Scratch the Idea of Gifting Scratch & Win Tickets to Kids
BCLC reminds adults to gift responsibly this holiday season
With the holiday season in full swing, BCLC is reminding British Columbians to gift responsibly and scratch lottery products from their shopping lists for kids.
“Scratch & Win tickets can make great stocking stuffers for the adults in your life, but they’re not for kids,” said Ryan McCarthy, BCLC’s Director of Player Health. “The research shows that children who have early encounters with gambling are four times more likely to develop riskier gambling behaviour as they grow up. While people are out shopping for those last-minute gifts, BCLC wants adults to be aware of the potential risks associated with gifting lottery products to children and to consider safer alternatives.”
While Scratch & Win tickets are among the most common ways kids can be introduced to gambling, children are increasingly exposed to various online forms, such as gambling streams.
“With the convergence of gaming and gambling, youth are becoming more exposed to gambling content in online spaces like streaming sites, where creators are able to live-stream their own gambling, usually while playing online slots and instant games,” said Dr. Luke Clark, Director for Gambling Research at UBC. “Our research at the UBC Centre for Gambling shows that a higher frequency of watching online gambling streams is associated with a more positive attitude towards gambling and a high intention to gamble in the future.”
In B.C., it is illegal to sell lottery products to anyone under the age of 19 and BCLC encourages adults to have conversations with the kids in their lives about the risks associated with gambling.
“Open and honest conversations are crucial when it comes to navigating childhood exposure to gambling,” said McCarthy, who shared the following tips to adults:
- Monitor for gambling-related lifestyle changes. For example, developing a positive attitude towards gambling or a preoccupation with video games or streaming sites.
- Be a positive role model. Exhibit safer gambling behaviour and talk about the risks.
- Limit exposure. Monitor kids’ online activities and discourage engagement with gambling content. Explain how gambling is based on chance.
AGCO
Jackpot Digital Receives Approval from AGCO as a Registered Gaming Supplier
Jackpot Digital Inc., a leading provider of innovative dealerless electronic poker gaming solutions, has announced that the Alcohol and Gaming Commission of Ontario (AGCO) has approved the Company to be licensed as a registered Gaming Related-Supplier (the “Supplier License”) under the Gaming Control Act in the Province of Ontario.
This significant achievement allows Jackpot Digital to enter one of the most dynamic and rapidly growing regulated gaming markets in North America. The Supplier License authorizes Jackpot Digital to supply its electronic table games to Ontario’s gaming venues, including casinos and other regulated gaming facilities.
Jackpot Digital’s flagship product, the Jackpot Blitz electronic table game system, offers a modern, dealerless, player-friendly solution that integrates traditional multiplayer poker games with cutting-edge digital technology. The Supplier License will enable the Company to offer its innovative gaming solutions to operators throughout Ontario, driving new revenue opportunities and enhancing player experiences.
“Receiving AGCO’s approval is a major milestone. This approval provides us with the opportunity to offer our top-tier electronic gaming systems to operators throughout all of Ontario, positioning us for further growth in one of the world’s most robust gaming markets. We are excited to bring our innovative products to Ontario’s gaming community and continue our commitment to providing exciting, technology-driven entertainment experiences,” said Jake Kalpakian, CEO of Jackpot Digital.
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