New York, NY (PressExposure) February 26, 2009 -- FreeSportsBet.com offers U.S. residents chance to win cash by betting on sports legally
February 26, 2009, Golden, CO - A new service launched this month that allows sports enthusiasts to legally wager on sporting events without having to risk their own money. FreeSportsBet.com, the brainchild of a sports-betting industry veteran, allows players to win money by correctly predicting the outcome of U.S. sporting events using the Las Vegas line. And, unlike traditional Sports Betting [http://www.FreeSportsBet.com] in which participants risk their own money, FreeSportsBet.com is 100% legal in most of the United States, Canada and Europe.
FreeSportsBet.com can afford to pay winners actual cash for winning bets thanks to advertisers who put up the initial stake for participants. FreeSportsBet.com's founder, Geoff Kulesa, explains, "Our advertisers provide players $1 to start with. If they are successful enough with their wagers, we pay them dollar-for-dollar on their winnings. If they lose, we simply give them another $1 to continue play. Players can also compete against their friends for bragging rights and against the entire community in free contests."
FreeSportsBet.com taps into an extremely sizable, yet largely unheralded industry. "America is a nation of sports fanatics. We also love to gamble, whether it be on stocks, at the casino, or in starting a new business," says Mr. Kulesa. "So it's should come as no surprise that about half of all American adults bet on sports [http://www.FreeSportsBet.com] in some form or fashion each year." While popular forms of mainstream sports wagering such as fantasy football and office pools are extremely popular in the United States, they are dwarfed by real sports betting. "Hundreds of millions of Americans bet tens of billions of dollars on sports every year," notes Mr. Kulesa.
While not widely known, sports betting is actually one of the largest industries in the world. According to Global Betting and Gaming Consultants, $500 billion was bet worldwide on sports in 2005. "That's nearly $1.4 billion dollars bet on sports per day," notes Mr. Kulesa. A study done by the U.S. Congress in 1999 reported that over $380 billion is wagered on sports each year in the United States. "To put that into perspective, more money is spent annually in the US on gambling than on books, DVDs, music, games and videos combined," notes Mr. Kulesa.
FreeSportsBet.com [http://www.FreeSportsBet.com] offers this vast market a new way to participate in the financial upside of sports wagering, without the downside. Players can't lose money - they can only win. "This website is a dream come true for the millions of American sports fans who can now legally bet on sports every day without any financial or legal risk. It's all the upside without any downside," states Mr. Kulesa.
The idea to offer a legal and free form of online wagering came to Mr. Kulesa after the recent implementation of the Unlawful Internet Gambling Enforcement Act (UIGEA). "The UIGEA took a lot of steam out of the online gambling industry, making it harder for Americans to wager on sports online," said Mr. Kulesa. "With the launch of FreeSportsBet.com, these folks now have an outlet to bet on sports again, this time legally and with the opportunity to make a profit without risking a dime."
FreeSportsBet.com offers free, legal sports betting with the opportunity to win real money. The service is completely free to players. Advertisers who want to reach a desirable demographic of young affluent males provide the initial stake for players. If players run out of money, they are given more to play with. If they are successful enough, players can cash out for real money - dollar for dollar. The website offers tools and statistics to help players make better wagering decisions. Participants can also refer friends, earning money based on their friends' play. They can track their friends play, participate in contests, and communicate through private messaging and message boards.
For more information, contact Geoff Kulesa at firstname.lastname@example.org or 800-707-9283.
Geoff Kulesa email@example.com 800-707-9283 [http://www.FreeSportsBet.com]