WagerWeb.com to Donate All Proceeds from Hurricane Bets to the American Red Cross; It’s a Win-Win Situation for Both Sides During the National Frenzy of Storm Related Betting
April 21, 2016
“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.
WagerWeb.com odds ask bettors to predict wind speeds, quantities and sizes of the storms as follows:
Proposition Bet Total PayoutTotal 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: . Odds were adjusted in favor of the ‘over’ as a result of Alberto, which was the earliest tropical storm to hit in 40 years. +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
WagerWeb.com, founded in 1997, is a privately held, offshore online gaming company, fully licensed and located in San Jose, Costa Rica. “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.”
Note: National Weather Service statistics/classification for 2006 will be used for grading purposes. Although the most recent tropical storm Alberto failed to become a hurricane, it is an unmistakable reminder that the hurricane season has begun. Post-season re-analysis will not be counted towards wagers made on this release. With almost 10 years of experience, innovation and gaming technology, Wagerweb.com features a sportsbook, a racebook and casino and has accepted more than 56,000,000 wagers since the company’s launch.
SAN JOSE, Costa Rica–(BUSINESS WIRE)–June 15, 2006–WagerWeb.com (http://www.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
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