no
intervention by UBetWhat officials. One major difference from eBay's model (and
the model used by most person-to-person gaming sites) is that UBetWhat does not
decide the winners or take a commission on bets
They
are the first online community to provide members with a platform to place bets
between each other, without the nuisance and expense of going though a broker
or bookmaker. Members discuss bets between each other, set their own odds and
accept or reject each offer based on an individual's betting history.
"The
friendly wager is a part of everyday life,"
said co-founder, Frank J. Aquilino Sr.," UBetWhat
fills a niche that allows people to bet whatever
they want, however they want, with whomever they
want."
Members immediately began placing a myriad of bets
of cash and products on events covering sports,
politics, the news and even the weather. Recent
bets at UBetWhat include:
· A total of $1,000 in bets concerning the
fate of Kobe Bryant
· A 2001 BMW 330CI bet on the future of Yahoo
stock
· A brand new iPod wagered over the success
of Howard Dean
Good
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