BetOnline

BetOnline is a privately held online gambling company offering sports betting, online casinos, and wagering on horse racing. The company's CEO is Eddie Robbins III.[1] In 2006, according to Casino City Press, BetOnline.com was among the top 60 online sportsbook, racebook, and betting exchanges, by overall traffic received.[2] The site has been in operation at least since September 2004.[3]

BetOnline
BetOnline logo
Type of businessPrivately held company
Type of site
Online gambling
Available inEnglish
Founded2004 (2004)
Headquarters
Panama City
,
Panama
Key peopleEddie Robbins III, CEO, Marcus Shrestha, COO,
IndustryGambling
ProductsBookmaker, Online casino, Sports betting
URLOfficial website

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 Everest. 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.[4] 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.[5]

BetOnline becomes one of the first online poker rooms to use the cryptocurrency bitcoin.[6]

Domain Name

BetOnline has switched to the Betonline.ag domain name. Their Betonline.com domain is still active but they told their partners that the Betonline.ag domain will be their primary address starting on April 4, 2012.[7]

Live Dealer Blackjack Controversy

An online video of a blackjack hand surfaced which caused a lot of controversy. The video shows the dealer switching cards to change the hand, resulting in numerous players to lose. Due to the scandal, on February 18, 2017, BetOnline officially ended their relationship with 3rd party dealing vendor Global Gaming Labs and partnered up with Visionary iGaming for their "Live Dealer" services.[8]

References
  1. "Sportsbook, Casino and Racebook takes online wagering to unparalleled levels". BetOnline.com. 14 August 2009. Archived from the original on 21 August 2009. Retrieved 11 September 2010.
  2. "Casino City's iGAMING BUSINESS DIRECTORY" (PDF). Casino City Press. Summer 2006. Archived from the original (PDF) on 2006-06-16. Retrieved 11 September 2010.
  3. Internet Archive page stored 15 September 2004, for BetOnline.com
  4. Timothy Williams (8 May 2009). "BetOnline.com to Place First Bet From Peak of Mount Everest in World Record Attempt". News Blaze. Retrieved 11 September 2010.
  5. "BetOnline.com announces winners of the $20k Mount Everest charity expedition". BetOnline.com. 2009. Archived from the original on 10 September 2010. Retrieved 11 September 2010.
  6. "BetOnline Accepts Bitcoin". Retrieved 2017-08-10.
  7. "BetOnline.com moves to Betonline.ag". BetAMU.org. 2012. Retrieved 10 February 2013.
  8. "BetOnline Responds to Online Blackjack Cheating Scandal". Professional RakeBack. 2017-02-20. Retrieved 2018-10-07.
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