It?s a Win-Win Situation for Both Sides During the National Frenzy of Storm Related Betting
San Jose, Costa Rica ? June 15, 2006 ? WagerWeb.com , one of the Internet?s largest, classiest betting sites and the first to offer odds on the 2006 hurricane season, announced it will donate all proceeds from hurricane betting to the American Red Cross. Although the most recent tropical storm Alberto failed to become a hurricane, it is an unmistakable reminder that the hurricane season has begun.
?This is a win-win situation for our bettors and the inevitable victims of the unfortunate but natural hurricanes and tropical storms coming our way,? says Dave Johnson, CEO of WagerWeb.com. ?Although we base our odds on requests by the public, we also feel we have an obligation to give back to the communities where our bettors reside, so this was the perfect solution.?
WagerWeb.com odds ask bettors to predict wind speeds, quantities and sizes of the storms as follows:
Proposition Bet Total Payout
Total Number Tropical Storms/Hurricanes 22.5 Over (+100) / Under (?140)
Total Number Hurricanes 12.5 Over (+110) / Under (-140)
Will there be a Category 5? Yes/No Yes (-200) / No (+160)
Total Number Category 3? 2.5 Over (+100) / Under (-140)
Total Number Category 4? 2 Over (+100) / Under (-140)
Total Number Category 5? 1.5 Over (+100) / Under (-140)
Payouts are calculated based on total bet ? examples:
+110 = Player bets $100 to win $110 profit; +160 = Player bets $100 to win $160 profit
-140 = Player bets $140 to win $100 profit; -200 = Player bets $200 to win $100 profit
Note: National Weather Service statistics/classification for 2006 will be used for grading purposes. Post-season re-analysis will not be counted towards wagers made on this release. Odds were adjusted in favor of the 'over' as a result of Alberto, which was the earliest tropical storm to hit in 40 years.
San Jose, Costa Rica ? June 15, 2006 ? WagerWeb.com , one of the Internet?s largest, classiest betting sites and the first to offer odds on the 2006 hurricane season, announced it will donate all proceeds from hurricane betting to the American Red Cross. Although the most recent tropical storm Alberto failed to become a hurricane, it is an unmistakable reminder that the hurricane season has begun.
?This is a win-win situation for our bettors and the inevitable victims of the unfortunate but natural hurricanes and tropical storms coming our way,? says Dave Johnson, CEO of WagerWeb.com. ?Although we base our odds on requests by the public, we also feel we have an obligation to give back to the communities where our bettors reside, so this was the perfect solution.?
WagerWeb.com odds ask bettors to predict wind speeds, quantities and sizes of the storms as follows:
Proposition Bet Total Payout
Total Number Tropical Storms/Hurricanes 22.5 Over (+100) / Under (?140)
Total Number Hurricanes 12.5 Over (+110) / Under (-140)
Will there be a Category 5? Yes/No Yes (-200) / No (+160)
Total Number Category 3? 2.5 Over (+100) / Under (-140)
Total Number Category 4? 2 Over (+100) / Under (-140)
Total Number Category 5? 1.5 Over (+100) / Under (-140)
Payouts are calculated based on total bet ? examples:
+110 = Player bets $100 to win $110 profit; +160 = Player bets $100 to win $160 profit
-140 = Player bets $140 to win $100 profit; -200 = Player bets $200 to win $100 profit
Note: National Weather Service statistics/classification for 2006 will be used for grading purposes. Post-season re-analysis will not be counted towards wagers made on this release. Odds were adjusted in favor of the 'over' as a result of Alberto, which was the earliest tropical storm to hit in 40 years.
