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BetonSports.com Launches Real Time P2P Betting

29 Jan 2004

SAN JOSE, Costa Rica – (Press Release) -- BetonSports.com, the largest online wagering company in the world, launched today a real-time, person-to-person betting exchange that will enable customers to match and place bets with each other during various sporting events, including the Super Bowl.

Leveraging BetonSports.com traditional sports book offerings, the betting exchange interface provides customers with the ability to develop their own odds on sporting events or take advantage of an infinite variety of betting opportunities provided by other customers in a real-time environment. The BetonSports.com branded betting exchange also allows customers to view a detailed listing of all current bets, their account balance and available funds for future betting activity.

"We are continually looking for ways to offer our clients new and innovative options to wager online," said David Carruthers, CEO of BetonSports.com. "Enabling consumers with the ability to bet with each other in a safe, convenient and private environment will further add to the growing popularity of wagering on sports online, especially during events like the Super Bowl."

Using state-of-the-art technology provided by TradingSports, a premier provider of person-to-person ("P2P") betting exchange systems, BetonSports.com's exchange is capable of handling approximately 80,000 transactions per minute while acting as a clearinghouse to settle all bets. Unlike other betting exchange solutions currently on the market, TradingSports does not receive customer information or handle any money being exchanged by BetonSports.com customers.

Additional advantages for customers using BetonSports.com betting exchange include:

* Ability to assume the role of bookmaker

* Only required to pay a 5% commission of net winnings

* Betting in real-time during sporting events

* 24/7 customer support

"BetonSports.com's entrance into the betting exchange marketplace signals a significant shift in market dominance," said Joe Trighe, CEO of TradingSports Exchange Systems. "Not only will BetonSports.com's growing customer base benefit from the ease, convenience and accessibility of this technology, but the company is poised to attract a new generation of savvy online gamblers looking for the ability to wager in real-time while watching their favorite sporting events."

Mr. Carruthers added, "There is currently no dominant online wagering company servicing American consumers that uses a person-to-person betting exchange. We believe that a tremendous opportunity exists to bring these capabilities to American consumers who are continually looking for more flexibility and control in their wagering experience."

"Furthermore, it is becoming even more vital, as online gambling gains more acceptance and popularity especially due to technological innovations, that Congress develops responsible legislation that both protects consumers and allows them to exercise their rights to wager on sports."

 
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