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Posts Tagged ‘Ultimate’

UFC Takes on More Bets than Ever

Thursday, August 19th, 2010

The world of gambling is moving quickly to include various types of wagers. In the older days, it was the top name tournaments and games that bookies took bets on. One of the most fun things about gambling on games was to go to the live game, or a live broadcast, and watch the teams fight it out for a win. Over the years people have bet billions on games and events. High profile games like the Super Bowl, the World Cup and the Kentucky Derby are commonly known as big payout events. They are built to engage the casual viewer, but also to engage the high dollar wagerer. In fact, that is one of the biggest draws of the tournaments. High profile gamers have long coveted tickets to big name tournaments and had hours of fun working with their own money.

One rise in the sporting world is Ultimate Fighting. Ultimate Fighting is a no-holes barred game of one on one that two competitors take part in. They fight it out with no padding or protection in various styles of fist to fist combat. Some use their legs as weapons and others stick to their hands to do the damage to the other player. Overall, it is a high energy tournament between two highly trained individuals. The rawness of the game is what make waves in the sporting community. Unlike boxing where there are some protective measures taken, Ultimate Fighting has no protection for the two opponents. Though the sport took a while to take off, it now is bringing in huge numbers of viewers and huge dollars in wagering.

If you tune into any Ultimate Fighting Championship you are going to see the number of people who are involved in the sport. Now a days it is a top-notch game that is bringing in millions of viewers. Of course that means that bets are up in the sport too. Bookies all over are excited about the new developments and the popularity of the games. They are taking millions in wagered dollars now and that’s great news. They have yet another sporting event to capitalize on and bring in a huge revenue stream.

UltimateBet.com Offers New Way into the WSOP

Saturday, May 29th, 2010

If you love the World Series of Poker, WSOP, then you are going to love what UltimateBet.com and AbsolutePoker.com have come up with. The WSOP’s popularity has gone over the top in the past decade. Though it began as a “friendly” but competitive game of poker among friends, it is now a huge tournament in the world of poker. You can find thousands of players vying for the wins available. Now UltimateBet.com and AbsolutePoker.com have joined forces to launch a promotion that will ultimately send two winners to the WSOP.

The best thing about this promotion is that you don’t have to be good at poker to potentially win. The key is to be the most creative! The promotion is called “The Craziest Last Longer Bet.” The point of the promotion is for participants to come up with the weirdest side wager they can think of…no limits. The winner will walk away with two seats to play in the WSOP’s $1000 buy-in, no-limit Hold’em poker event. That’s an exciting promise to some lucky player and a friend. Anyone who has had dreams of participating in the WSOP but wasn’t sure how to get there can use this promotion as a vehicle to enter the tournament fair and square. This is just another example of how innovative operators are getting these days—they are working overtime to bring in new customers and making easier and easier for them to get started.

This prize package being offered by UltimateBet.com isn’t the only special they have. Check with the website and see how many different ways there are to make extra points. Though the WSOP is big news because its quickly approaching, there are also other special start-up bonuses and promotional plans to work with. If you love to gamble online then check out this website and see if any of the specials are to your liking right now. This WSOP event will be open for the next month so you have some time to get in on the fun and see if you can work your way into the World Series of Poker. Who knows? You may be the next big winner to walk away with a much-coveted WSOP bracelet in 2010!

Ultimate Bet Under Fire for Alleged Scam

Monday, March 22nd, 2010

Ultimate Bet is another sports betting operator that is under investigation due to complaints from the poker room. It’s a difficult time for the market because many online companies are under investigation. It is to be expected though because of the fact that a lot of companies are just getting their feet wet in the market. It may be unintentional if they do end up making mistakes and a lot of it can be attributed to growing pains. Growing pains or not though, there is still a price to pay for companies that make blatant mistakes in their markets.

Ultimate Bet however is under scrutiny for problems that go beyond common growing pains or mistakes. They are being accused of scamming players and cheating them out of considerable payouts. The scan allegedly began in May of 2004. The Commission has named Russell Hamilton, former World Series of Poker winner as a participant in the scheme. Law enforcement agencies will now prosecute those involved. The sports betting operator, UltimateBet has been fined $1.5 million for failure to detect fraudulent activities. The Commission further ruled that it should refund those accounts that have been affected by the scam. To date UltimateBet has refunded about $6.1 million to related accounts.  The sports betting operator has been directed to also remove all “unsuitable” persons from the company at all levels of operation including ownership and management. Should UltimateBet fail to comply within an allotted period of time, the company will lose its gaming permit. Details of its day to day sports betting must be provided to the Commission to ensure full disclosure and prevent further acts of impropriety.

CBS “60 Minutes” will be focusing on the story and bring to light the entire situation. The cheating scandal began in 2005 and the abuse of an auditing tool which enabled its users to view players’ cards at an online poker table. In May of this year, UltimateBet said that it was doing all it could to correct the situation and was working to provide a safe, secure environment for players.  In the latest move from UltimateBet to recover from the scandal, it has filed a lawsuit against Excapsa Software Inc, which formerly owned and licensed the software used by UltimateBet. They claim that the software was not secure enough and therefore the cheating could not be their fault.