Hi Guys:
Has anyone heard of Second Life (secondlife.com). It's basically a virtual world - you can read more about them at their website.
What you do is convert your real money into virtual money, which you can later convert back to real money. You can even play the currency exchange game and possibly profit off of it. There's basically an entire virtual economy running in that world.
Anyways, there are a couple of sportsbook that's up and running in there. The difference between them and the regular sportsbook is that you don't have to deposit money with the sportsbook. Your money rests with Linden Lab (the company running the virtual world).
What you do is go to the sportsbook, pay them for a wager as if you're purchasing something, and if you win, they just pay you back. The only time that your money is at risk is when you place a bet with the sportsbook and only if they do not pay you back. Otherwise, your money is in your account which you should be able to convert to real money anytime - no need to worry about cashing out.
What do you guys think? I have a friend in there that's running a sportsbook call High Rise Sportsbook and he's offering 5% juice. Do you think it's safe?
Here's my thought. You're only at risk if 1) The book doesn't pay, but you only lose what you bet. 2) The virtual economy collapses and your virtual money becomes useless.
But from the looks of it, the virtual world is taking off. I've talked to people that are starting up stock exchanges, companies to build things, etc. You name it, it's in there.
What do you guys think?
PS: There's actually going to be a stock exchange opening up in there soon! Sounds very interesting as shares only cost about $.04/share. Some people have became millionaires building businesses in the virtual world! http://www.businessweek.com/the_thre...ml?chan=search
Has anyone heard of Second Life (secondlife.com). It's basically a virtual world - you can read more about them at their website.
What you do is convert your real money into virtual money, which you can later convert back to real money. You can even play the currency exchange game and possibly profit off of it. There's basically an entire virtual economy running in that world.
Anyways, there are a couple of sportsbook that's up and running in there. The difference between them and the regular sportsbook is that you don't have to deposit money with the sportsbook. Your money rests with Linden Lab (the company running the virtual world).
What you do is go to the sportsbook, pay them for a wager as if you're purchasing something, and if you win, they just pay you back. The only time that your money is at risk is when you place a bet with the sportsbook and only if they do not pay you back. Otherwise, your money is in your account which you should be able to convert to real money anytime - no need to worry about cashing out.
What do you guys think? I have a friend in there that's running a sportsbook call High Rise Sportsbook and he's offering 5% juice. Do you think it's safe?
Here's my thought. You're only at risk if 1) The book doesn't pay, but you only lose what you bet. 2) The virtual economy collapses and your virtual money becomes useless.
But from the looks of it, the virtual world is taking off. I've talked to people that are starting up stock exchanges, companies to build things, etc. You name it, it's in there.
What do you guys think?
PS: There's actually going to be a stock exchange opening up in there soon! Sounds very interesting as shares only cost about $.04/share. Some people have became millionaires building businesses in the virtual world! http://www.businessweek.com/the_thre...ml?chan=search
