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No Risk Gambling

That title seems to be an oxymoron right? Well, it is according to a US court. The Seattle Times just recently carried an article about Nick Jenkins’ court battle to vindicate himself and his faux-gambling site, Betcha.com. The State Gambling Commission shut down the gambling site nearly two years ago alleging that the site violated Washington’s strict anti-online casino gambling laws. The interesting part of the whole situation though is the fact that Betcha.com isn’t actually gambling because although you place bets…you don’t have to actually pay-up. That’s right, the site allows bettors to renege on their bets – that’s the differentiation that’s key to keeping Betcha.com from classification as an online caisno gambling site.

Betcha.com launched two years ago in reaction to the US government’s UIGEA legislation that blocked foreign online casinos from operating in the US market. Bectha.com’s patent pending design is ingenious because it works a bit like e-Bay, gamblers are a part of a large network and they interact with the other site participants by making bets on anything imaginable – sports to politics, anything under the sun really. Site participants are given an opt-out button though. The “I refuse to pay” button means that the participant doesn’t have to pay out any money on the bet if they don’t want to.

Jenkins, and now the courts, agree that the fact that you don’t have to pay out the money in the bet means that Betcha.com is not an online casino gambling site. As for the site, Jenkins may not reopen the site although he continues to believe that the site is a fantastic idea with real revenue potential…he just doesn’t way to go through any similar experiences should the site reopen – this recent case had Jenkins jailed and extradited to Louisiana as a part of the process…something he has no intention of experiencing again.