Sports betting is entwined with the global marketplace. Thanks to advances
in technology, the average punter has the unfettered ability to wager on sports
24 hours a day, 365 days a year.
There was a time when punters were limited to betting whenever there’s a
specific sports season. However, in the contemporary world, online sports books
accept wagers on different sports from all over the world. If a country has a
major sporting organization, then you have an opportunity to wager on it. As a
result, the entire global marketplace allows punters to wager on contests at
all hours of the day - whether it is tennis matches in Australia, or cricket
matches in India, or rugby matches in England, or football
matches in Germany, or basketball games in America, or soccer
tournaments in Latin America, or even ice hockey games in Canada, the
internet provides.
Who doesn’t love a “game changer”?
Every generation, someone or something comes along that revolutionizes a particular sport. That revolutionary player, or coach, or philosophy alters the playing field for generations to come. According to the recently released ads, new sportsbook website BetStars is attempting to create a “game changer” of its own by introducing a new mechanic for betting called “Spin & Bet”. This new product is clearly evoking the spirit of “Spin & Go”, a popular option with poker players on BetStars’ sister site PokerStars.
BIRTH OF SPIN
In 2014, PokerStars introduced Spin & Go, an optional mechanic in which poker players could buy into a three-handed Sit & Go tournament and a special spinner would determine a bonus that would juice up the prize pool with a special multiplier. The Spin & Go events have an added lottery feature, so it's an additional layer of gambling excitement for the participant. Spin & Go has been a remarkable success for PokerStars, and it's a promotion that they continue to run. Although initially dismissed as a gimmick, Spin & Go became increasingly popular over time. During 2015, PokerStars ran a special $1 million Spin & Go promotion. In total, 14 different players became instant millionaires.
Spin & Bet offers a unique twist on the outcome of a wager. It is basically the same concept as Spin & Go, as the Spin & Bet option allows the player to increase their winnings with a prize pool multiplier. With Spin & Bet, a player could win up to 10 times the amount of their bet. For example, a £100 wager on could balloon into a £1000 windfall.
SPIN & BET OUTCOMES
BetStars offers five possible enhanced prize pool outcomes with a Spin & Bet...
- 1x
- 5x
- 2x
- 5x
- 10x
HOW SPIN & BET WORKS
Here's how to use Spin & Bet:
- Go to the BetStars homepage or open your iOS and/or
Android BetStars app.
- Select a wager from the available sport markets.
- Enter a betting stake.
- Click 'SPIN & BET'. An animation will display your
potential enhanced winnings in one of the multiples: 1x, 1.5x, 2x, 5x or
10x.
If you win your bet, then you win the enhanced amount. It’s that easy.
- Example 1: You place an £10 wager on an accumulator for
a trio of Premier League
You pay your 10% fee or £1, so your wager is £9 which pays out £30 if your
accumulator wins. After you click on Spin & Bet, the animation
displays your enhanced winnings: 5x. So now you have a chance to win £150
(or £30 x 5).
- Example 2: You place a £20 wager (actually £18 minus
10% or £2) on the Cleveland
Cavaliers in the NBA. If they beat the New York Knicks, then you will
win £18. After you click on Spin & Bet, the animation displays your
enhanced winnings: 2x. If Cleveland wins, then you will win £36 (or £18 x
2).
Only time will tell if bettors will pursuit the Spin & Bet option as enthusiastically as poker players embraced Spin & Go. However, if you decided to try it, don’t forget to do your homework on who to bet.
