At the BetZip Player’s Club, one low monthly fee of $19.99* is all you will ever spend to compete for thousands of dollars every day – up to $20,000 daily and over $100,000 every month – with no other costs, wagers, deposits or hidden fees of any kind!
[...] the only legal U.S. poker site that pays cash daily.
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Previous: Betcha.com’s Hack of Anti-Internet Gaming Laws – by Tom Bell
The chink in Betcha.com’s legal armor thus lies in how authorities regard the Honor Rating. If they think it constitutes an intangible asset, one lost by customers who don’t pay off their bets, then Betcha.com might lose its gamble against the law. I’d regret that, naturally; we all lose when the law prevents us from peacefully disposing of our property as we alone see fit. But I have to say that, were I betting on legal hacks, I’d favor BetZip.com’s over Betcha.com’s.
Great idea! A PM should do this, right now, taking care to create real money incentives and not encourage risky bets.
I’ve thought of the possibility of a no-downside-risk PM that only shared advertising revenue with players proportionately to their performance, but the money involved would be too little to be meaningful, or so I guessed.
However, if BetZip is right the money could be made “real” by permitting arbitrarily large subscription fees.
Note, Mike, that BetZip claims to have a patent on its business method. I’ve not looked into that claim, nor the patent itself, but it remains possible that BetZip would win an injunction on anyone trying to mimic its legal hack.
That general idea has been around for years and many have passed on it, not least because the subscription fee can be characterized as “consideration”. The Betcha idea is more original, but both ways will have trouble scaling… not to deny the possibility of a profitable niche.