BetOnline
Encyclopedia
BetOnline, with website at BetOnline.com, is a privately held online gambling
company offering sports betting
, casino games
, and wagering on horse racing
. The company’s CEO is Eddie Robbins III. In 2006, according to Casino City Press, BetOnline.com was among the top 60 online sportsbook, racebook, and betting exchanges, by overall traffic received. The site has been in operation at least since September 2004.
. Hiring a veteran climber
, Tim Rippel, the company promised to donate $20,000 to a popular charity (as chosen by voters on Facebook
and Twitter
) upon successfully summiting the peak and placing a bet. While the climbing team was unable to place a bet from the summit, a wager was placed on May 18, 2009 (local time) from “Base Camp 4” at 26,000 feet above sea level. The bet was a winner, wagering that the Los Angeles Lakers
would cover the spread against the Houston Rockets
in Game 7 of the NBA Western Conference Semifinals. BetOnline still donated the $20,000 across three top vote-getting charities.
on charges of bookmaking. Fafone had $23,000 in cash with him. He pleaded not guilty. Online gambling sites operate in ambiguous legal territory. They may accept wagers legally, if such activity is allowed in the country of operation, in this case Panama.
joint venture
owned by City Index Group
, Mirror Group, and The Press Association
operated a website at BETonline.com. It was purported to be the UK’s first online betting venue. The site registered 10,000 accounts before being shut down after only 13 months in business.
Online gambling
Online gambling, also known as Internet gambling and iGambling, is a general term for gambling using the Internet.-Online poker:Online poker tables commonly offer Texas hold 'em, Omaha, Seven-card stud, razz, HORSE and other game types in both tournament and ring game structures...
company offering sports betting
Sports betting
Sports betting is the activity of predicting sports results and placing a wager on the outcome.-United States of America:Aside from simple wagers such as betting a friend that one's favorite baseball team will win its division or buying a football "square" for the Super Bowl, sports betting is...
, casino games
Online casino
Online casinos, also known as virtual casinos or Internet casinos, are online versions of traditional casinos. Online casinos enable gamblers to play and wager on casino games through the Internet....
, and wagering on horse racing
Horse racing
Horse racing is an equestrian sport that has a long history. Archaeological records indicate that horse racing occurred in ancient Babylon, Syria, and Egypt. Both chariot and mounted horse racing were events in the ancient Greek Olympics by 648 BC...
. The company’s CEO is Eddie Robbins III. In 2006, according to Casino City Press, BetOnline.com was among the top 60 online sportsbook, racebook, and betting exchanges, by overall traffic received. The site has been in operation at least since September 2004.
Innovations
BetOnline has publicized some of its more innovative approaches to online gaming. In 2009, the company set out to place and accept the first wager from the summit of Mount EverestMount Everest
Mount Everest is the world's highest mountain, with a peak at above sea level. It is located in the Mahalangur section of the Himalayas. The international boundary runs across the precise summit point...
. Hiring a veteran climber
Mountaineering
Mountaineering or mountain climbing is the sport, hobby or profession of hiking, skiing, and climbing mountains. While mountaineering began as attempts to reach the highest point of unclimbed mountains it has branched into specialisations that address different aspects of the mountain and consists...
, Tim Rippel, the company promised to donate $20,000 to a popular charity (as chosen by voters on Facebook
Facebook
Facebook is a social networking service and website launched in February 2004, operated and privately owned by Facebook, Inc. , Facebook has more than 800 million active users. Users must register before using the site, after which they may create a personal profile, add other users as...
and Twitter
Twitter
Twitter is an online social networking and microblogging service that enables its users to send and read text-based posts of up to 140 characters, informally known as "tweets".Twitter was created in March 2006 by Jack Dorsey and launched that July...
) upon successfully summiting the peak and placing a bet. While the climbing team was unable to place a bet from the summit, a wager was placed on May 18, 2009 (local time) from “Base Camp 4” at 26,000 feet above sea level. The bet was a winner, wagering that the Los Angeles Lakers
Los Angeles Lakers
The Los Angeles Lakers are an American professional basketball team based in Los Angeles, California. They play in the Pacific Division of the Western Conference in the National Basketball Association...
would cover the spread against the Houston Rockets
Houston Rockets
The Houston Rockets are an American professional basketball team based in Houston, Texas. The team plays in the Southwest Division of the Western Conference in the National Basketball Association . The team was established in 1967, and played in San Diego, California for four years, before being...
in Game 7 of the NBA Western Conference Semifinals. BetOnline still donated the $20,000 across three top vote-getting charities.
Legal issues
In October 2009, Joseph J. Fafone, one of the co-developers of BetOnline, was arrested at the Greater Rochester International AirportGreater Rochester International Airport
Greater Rochester International Airport is a county-owned public-use airport located three nautical miles southwest of the central business district of Rochester, a city in Monroe County, New York, United States...
on charges of bookmaking. Fafone had $23,000 in cash with him. He pleaded not guilty. Online gambling sites operate in ambiguous legal territory. They may accept wagers legally, if such activity is allowed in the country of operation, in this case Panama.
BETonline.com from 1998-1999
Between June 1998 and July 1999, a United KingdomUnited Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
owned by City Index Group
City Index Group
City Index Group is a broker providing online financial spread betting, FX, and CFD trading. As well as Britain, it operates in United States, Australia, China, Singapore, Poland and Germany. Today, the group consists of the City Index Limited, Finspreads, FX Solutions and IFX Markets...
, Mirror Group, and The Press Association
Press Association
The Press Association is the national news agency of the United Kingdom and Ireland, supplying multimedia news content to almost all national and regional newspapers, television and radio news, as well as many websites with text, pictures, video and data content globally...
operated a website at BETonline.com. It was purported to be the UK’s first online betting venue. The site registered 10,000 accounts before being shut down after only 13 months in business.