Red Cross Benefits From Hurricane Bets On Wagerweb.Com
Red Cross Benefits from Hurricane Bets on WagerWeb.com
WagerWeb.com one of the Internet’s largest betting sites and the first to offer odds on the 2006 hurricane season, will donate all proceeds from hurricane betting to the American Red Cross.
“This is a win-win situation for our bettors and the inevitable victims of the unfortunate but natural hurricanes and tropical storms coming our way,” says Dave Johnson, CEO of WagerWeb.com.
“Although we base our odds on requests by the public, we also feel we have an obligation to give back to the communities where our bettors reside, so this was the perfect solution,” Johnson said.
WagerWeb.com odds ask bettors to predict wind speeds, quantities and sizes of the storms.
Payouts are calculated based on total bet.
For example: +110 = Player bets $100 to win $110 profit; +160 = Player bets $100 to win $160 profit
Or, in another example: -140 = Player bets $140 to win $100 profit; -200 = Player bets $200 but only wins $100
National Weather Service statistics/classification for 2006 will be used for grading purposes. Post-season re-analysis will not be counted towards wagers made on this release. Odds were adjusted in favor of the ‘over’ as a result of Alberto, which was the earliest tropical storm to hit in 40 years.
WagerWeb.com, founded in 1997, is a privately held, offshore online gaming company, fully licensed and located in San Jose, Costa Rica.
The nine- year-old Wagerweb.com features a sports book, a race book and casino and has accepted more than 56,000,000 wagers in total.
Source: Environmental News Service.