|The world's first peer-to-peer gaming platform that allows players to enjoy 'house odds' goes live later this month. BeTheDealer.com, (patent pending,) which until now has been in stealth development at Technion in Israel, is launched on Lycos.co.uk.|
This is the first time a casino company has been able to provide players with the ability to play as the house for games such as blackjack and roulette. As dealer, players can both increase their odds of winning and share the excitement of being a dealer. But players must first accumulate sufficient credit points to become the dealer. (BeTheDealer charges a small commission on transactions.)
It was growth in online gaming that prompted computer science graduates from the Technion in Israel to develop another casino. But they wanted their software to stand out from among the 15,000 gambling sites on the Internet.So they combined the best of Internet gaming. BeTheDealer has a multi-player capability and a transaction fee model using propriety algorithms, that allow players to play as the house.
The gaming software company Casino Village on Net, which is commercialising BeTheDealer, has signed on leading Internet portals Lycos and LastMinute in the U.K.These agreements, as well as others in the pipeline in Europe, are expected to help Casino Village on Net capture a share of the growing online gaming market. It is estimated online gaming will be worth $5billion by 2004.
'The online gaming industry is maturing and gaining credibility... BeTheDealer is another inflection,' said Julie Meyer, CEO of Ariadne Capital, advisors to Casino Village on their Lycos and LastMinute partnerships. 'Be the dealer blends the breakthrough technology of an ICQ with the vireal peer-to-peer distribution of a Napster. Casino Village is poised to be to gaming what eBay is to auctions: a top transaction-based P2P platform.'