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Profile of An Internet Bookie

Posted by Hemos on from the so-yous-wants-to-make-some-monies dept.

prostoalex writes "The New York Times Magazine has a story about one of Internet's most lucrative businesses - online bookmaking. Writer William Berlind travels to San Jose, Costa Rica, where the offices of such online powerhouses as BetOnSports and SkyBook are located. Quite an interesting story about numerous Americans traveling to Costa Rica with the grand business plan of online gambling, US government trying to shut down the offshore gambling operations, and how the bookies operate."

1 of 245 comments (clear)

  1. Or you can make it legal... by akiaki007 · · Score: 5, Interesting

    TraderSport is an online exchange based out of Ireland that basically creates a market on Future Contracts. Very cool because you can buy and sell contracts on a LOT of different things, ranging from Index (DJIA, SPX, etc) to Superbowl winners.

    The beauty of it being a true exchange is that you can sell your contract at some point if you don't want to hold on to it anymore. Example: You buy Giants win 2004 Superbowl today which is valued very low, and say the Giants win their first game and the value goes up, you sell it make a couple of bucks and invest it elsewhere.

    So...legalized gamling?

    --
    "Time is long and life is short, so begin to live while you still can." -EV