Sports Gambling Tickets

1. Sports Gambling Stocks
2. Sports Gambling Legalization
3. Sports Gambling Tickets Atlantic City
4. Sports Gambling Sites
5. Sports Betting Tickets Vs Money

[toc]PropSwap, an online exchange service for sports betting slips, is spreading its wings beyond its Nevada nest and expanding into four new states.

PropSwap, you say?

Launched in 2015, PropSwap is a marketplace for live, active betting tickets.

Bettors who are stuck with unfavorable tickets can hedge their bets by selling the slips on PropSwap's exchange. Buyers who missed a big line can lock in a better price than they might be able to find at the time.

For example, say a bettor places a futures wager on the Las Vegas Goats at 100/1. The Goats shock the world and win their first few games, and the price slips to 25/1. The bettor can list their slip on PropSwap at, say, a price equal to a 50/1 payout, both hedging their bet and providing an opportunity for buyers that would not otherwise be available.

When at the Race & Sports Book inside The Venetian or The Palazzo, please see our ticket writers for more information. Parlays: at the Race & Sports Book and the William Hill Nevada Mobile Sports app, you can place $2 minimum parlays on most sports, and play our vast menu of parlay cards. Find the perfect Sports Betting Ticket stock photos and editorial news pictures from Getty Images. Select from premium Sports Betting Ticket of the highest quality.

'I post a slip for sale, a buyer writes them a check, the seller is happy — they don't have to be sweating the game Sunday, and they get a nice chunk of change,' co-founder Luke Pergande said in an interview with the Las Vegas Review-Journal.

The idea came to life following a 2013 trip to Las Vegas in which Pergande placed a futures futures wager at 50/1. He explained the rest of the story to Legal Sports Report:

Sports Gambling Stocks

They went 7-1 to start the season and the odds dropped to 15/1. I called my now business partner (Ian Epstein) who worked for CG Technology at the time, and asked where can I sell this ticket in Vegas. He said nowhere. It seemed like a gap in the market so we set out trying to solve it.

PropSwap opened for business less than two years later in August 2015.

How it works

The functionality has grown over the past two years, and more streamlining is on deck, according to the founders. Here's how it currently works:

1. A bettor in Nevada places a bet in a brick-and-mortar sportsbook.
2. The seller uploads a photo of the betting slip to PropSwap's client, enters the details, and sets the sale price.
3. PropSwap verifies the validity of the ticket and lists it on the marketplace.
4. A buyer purchases the slip with a credit or debit card.
5. The seller mails the slip to PropSwap.
6. PropSwap delivers the slip to the buyer via certified mail.
7. The buyer redeems the slip with the sportsbook, either in person or via mail.

In order to insure the transaction, PropSwap requires credit card information from the seller. It takes a 10 percent commission from the final price, so there's no up-front fee for either party.

PropSwap touts this process with a number of testimonials on its site, like this one:

WIN! – Steve from San Francisco sold his GSW Futures for $8,000 (collect of $10,500) when they were up 3-1 against the Cleveland Cavaliers. Greg then flew to the Bahamas that day and let the rest of us watch Curry & Co. collapse. True story.

Expanding to more states

For the first two years of its operation, PropSwap was a Nevada-only product.

On September 1, the concept is rolling out to four more states:

• Massachusetts
• New Jersey
• Pennsylvania
• Connecticut

While all four states have gambling establishments within their borders, single-game wagering is still illegal in all of them. New Jersey has passed a law to legalize sports betting, but that effort is pending an appeal in the US Supreme Court. Connecticut just passed legislation to regulate it last month, and it's encouraging to see regulators from the other states willing to let PropSwap operate, too. And it makes sense from a legal standpoint.

Since buyers are receiving physical tickets, they're not betting on sports, by definition. The ticket is simple property, and it falls under the same laws as any other piece of paper. This piece of paper, though, may or may not have significant value depending on the outcome of the bet that was placed back in Nevada.

PropSwap's founders met with regulators in each state to review the legal landscape prior to making the move.

Operating within regulators' recommendations

Because it is not a gaming entity, PropSwap is not regulated by the Nevada Gaming Commission. Still, it takes due care as it operates around the perimeter of gaming.

When it was only serving the Nevada sports betting market, PropSwap facilitated the actual payout of the ticket itself. While that is still technically legal, the NGC advised that it would prefer to see that changed. So it was. The buyer is now fully responsible for redeeming the tickets, either in person or through a mail exchange with the sportsbook.

By treading carefully, PropSwap seems to be making progress. When it launched, sellers had to conduct transactions in person at a terminal inside a sports bar in Las Vegas. The seller also had to provide the physical ticket before the marketplace would list it.

With the expansion, the process now operates electronically and in real time. The seller's credit card is pre-authorized when a ticket sells, guaranteeing the transaction and expediting the exchange. Sellers have seven days to submit the ticket to PropSwap if it sells.

The real-time functionality has an additional benefit that the company thinks will be key to its growth. In addition to futures slips, bettors can now list tickets for straight bets, and buyers have the ability to make purchases both prior to and during the game.

It's tough to find sellers

Talking bettors into giving up their tickets is one of PropSwap's biggest obstacles. Many gamblers would rather let a bad bet ride than take a buyout up front. Pergande and co-founder Ian Epstein elaborated on the issue:

Convincing bettors to sell their ticket has been a much larger challenge than we had initially thought. They see the ‘Collect' amount on their ticket, and won't accept anything less than that. The psychology theory behind it is called ‘Loss Aversion'. People don't want to be the guy who sold their ticket too early.

Sports Gambling Legalization

PropSwap's expansion to the northeast could be a boon for potential sellers, though. Whereas they were previously limited to the prices fellow-Nevadans were willing to pay, the market is now open to thirsty would-be sports bettors from states in which options are limited. There should be a significant increase in the margins at which sellers are able to shed their tickets.

Gearing up for even more?

The prospect for out-of-state expansion led the company to broadcast a $6 million valuation in 2016. This year, it appears to be gearing for a big push to help drive its growth.

PropSwap has reached out to potential investors, LSR has learned, trying to raise up to $500,000 under that valuation. It refers to the fundraising as ‘building a moat' in preparation for the competition it expects to enter its neighborhood.

'As we grow,' Pergande said, 'the plan is for all visitors that come to Las Vegas to make bets with PropSwap in mind, knowing it doesn't need to win in order to make a profit, it just needs to improve.'

Like any good letter to investors, this one contained a coyly worded caution in its close, too. If the expansion goes as planned, PropSwap says it may feel justified in increasing its valuation.

Full Range of Solutions for Sports Betting Terminals, Loyalty, & Casino Digital Signage

Sports Betting Solutions

KIOSK offers the most fully-featured Sports Betting Solutions, which allows users a self-serve venue to legally place bets, access handicapping services, sports information, and locally advertised promotions. These sports betting kiosks deliver virtually 24/7 betting access, eliminating many frustrations customers face when placing bets through sports books. Self-service betting kiosks eliminate common customer frustrations, including:

• Long lines at peak, strategic hours
• Limited hours of operation with traditional sports books
• Inconvenient locations
• Occasional transaction errors

KIOSK's innovation provides a full range of services. Sports betting kiosks can:

• Accept cash, winning tickets, and vouchers
• Grant full access to all sports propositions and pari-mutuel horse racing
• Provide tools for easy compliance with currency transaction reports and book wagering reports
• Secondary monitor for events, current lines, and ads

KIOSK has been creating gaming kiosks for many years, with many custom sports betting platforms. Contact us for a solution consultation to see how our experience can help you launch your betting kiosk or sports betting terminal solution.

Casino Kiosk Solutions

KIOSK has a wide range of self-service gaming solutions – from traditional redemption and cash-in / cash-out transactions to enrollment and loyalty platforms; sports betting kiosk systems, sports betting terminals, event ticketing, and digital signage.

Casinos such as Caesars, Empire, Hard Rock, Riviera, RIO, and Planet Hollywood have leveraged KIOSK enclosures for promotion and loyalty applications, providing guests with automated access to points information, special offers, and incentives vital to growing repeat customer profits.

Custom transactional solutions for self-serve sports betting have been created for several top companies – all enabling operators to realize increased betting revenues while keeping their labor costs optimized.

Sports Gambling Tickets Atlantic City

KIOSK provides a full range of standard and custom self-service platforms designed to keep your casino solution overhead minimized and your loyal customers rewarded.

Casino Loyalty

According to a recent Market Metrix Hospitality Index (MMHI), 'loyalty club members are 58 to 76% more likely to return to a casino than non-members. In the Americas, loyalty club membership has a particularly potent effect. Net return scores follow a very clear upward progression from 37.8% for non-members to 51.9% for members, and 66.4% for elite members.'

These compelling statistics combined with the cost-saving benefits of self-service environments has made Casino Loyalty a popular gaming deployment application for KIOSK customers. Loyalty card kiosks reward and incentivize customers, presenting opportunities for increased repeat business while simultaneously gathering personalized information about targeted casino clients. Key benefits of casino loyalty programs include:

• Reduced operating costs and substantially increased revenues
• Increased carded play revenues by promoting opportunities at redemption point
• Ensuring marketing dollars are matched to player dollars

Gaming loyalty programs go beyond traditional retail solutions. Contact us to learn more about how casinos and loyalty programs will complete your gaming kiosk environment.

[toc]PropSwap, an online exchange service for sports betting slips, is spreading its wings beyond its Nevada nest and expanding into four new states.

PropSwap, you say?

Launched in 2015, PropSwap is a marketplace for live, active betting tickets.

Bettors who are stuck with unfavorable tickets can hedge their bets by selling the slips on PropSwap's exchange. Buyers who missed a big line can lock in a better price than they might be able to find at the time.

For example, say a bettor places a futures wager on the Las Vegas Goats at 100/1. The Goats shock the world and win their first few games, and the price slips to 25/1. The bettor can list their slip on PropSwap at, say, a price equal to a 50/1 payout, both hedging their bet and providing an opportunity for buyers that would not otherwise be available.

When at the Race & Sports Book inside The Venetian or The Palazzo, please see our ticket writers for more information. Parlays: at the Race & Sports Book and the William Hill Nevada Mobile Sports app, you can place $2 minimum parlays on most sports, and play our vast menu of parlay cards. Find the perfect Sports Betting Ticket stock photos and editorial news pictures from Getty Images. Select from premium Sports Betting Ticket of the highest quality.

'I post a slip for sale, a buyer writes them a check, the seller is happy — they don't have to be sweating the game Sunday, and they get a nice chunk of change,' co-founder Luke Pergande said in an interview with the Las Vegas Review-Journal.

The idea came to life following a 2013 trip to Las Vegas in which Pergande placed a futures futures wager at 50/1. He explained the rest of the story to Legal Sports Report:

Sports Gambling Stocks

They went 7-1 to start the season and the odds dropped to 15/1. I called my now business partner (Ian Epstein) who worked for CG Technology at the time, and asked where can I sell this ticket in Vegas. He said nowhere. It seemed like a gap in the market so we set out trying to solve it.

PropSwap opened for business less than two years later in August 2015.

How it works

The functionality has grown over the past two years, and more streamlining is on deck, according to the founders. Here's how it currently works:

1. A bettor in Nevada places a bet in a brick-and-mortar sportsbook.
2. The seller uploads a photo of the betting slip to PropSwap's client, enters the details, and sets the sale price.
3. PropSwap verifies the validity of the ticket and lists it on the marketplace.
4. A buyer purchases the slip with a credit or debit card.
5. The seller mails the slip to PropSwap.
6. PropSwap delivers the slip to the buyer via certified mail.
7. The buyer redeems the slip with the sportsbook, either in person or via mail.

In order to insure the transaction, PropSwap requires credit card information from the seller. It takes a 10 percent commission from the final price, so there's no up-front fee for either party.

PropSwap touts this process with a number of testimonials on its site, like this one:

WIN! – Steve from San Francisco sold his GSW Futures for $8,000 (collect of $10,500) when they were up 3-1 against the Cleveland Cavaliers. Greg then flew to the Bahamas that day and let the rest of us watch Curry & Co. collapse. True story.

Expanding to more states

For the first two years of its operation, PropSwap was a Nevada-only product.

On September 1, the concept is rolling out to four more states:

• Massachusetts
• New Jersey
• Pennsylvania
• Connecticut

While all four states have gambling establishments within their borders, single-game wagering is still illegal in all of them. New Jersey has passed a law to legalize sports betting, but that effort is pending an appeal in the US Supreme Court. Connecticut just passed legislation to regulate it last month, and it's encouraging to see regulators from the other states willing to let PropSwap operate, too. And it makes sense from a legal standpoint.

Since buyers are receiving physical tickets, they're not betting on sports, by definition. The ticket is simple property, and it falls under the same laws as any other piece of paper. This piece of paper, though, may or may not have significant value depending on the outcome of the bet that was placed back in Nevada.

PropSwap's founders met with regulators in each state to review the legal landscape prior to making the move.

Operating within regulators' recommendations

Because it is not a gaming entity, PropSwap is not regulated by the Nevada Gaming Commission. Still, it takes due care as it operates around the perimeter of gaming.

When it was only serving the Nevada sports betting market, PropSwap facilitated the actual payout of the ticket itself. While that is still technically legal, the NGC advised that it would prefer to see that changed. So it was. The buyer is now fully responsible for redeeming the tickets, either in person or through a mail exchange with the sportsbook.

By treading carefully, PropSwap seems to be making progress. When it launched, sellers had to conduct transactions in person at a terminal inside a sports bar in Las Vegas. The seller also had to provide the physical ticket before the marketplace would list it.

With the expansion, the process now operates electronically and in real time. The seller's credit card is pre-authorized when a ticket sells, guaranteeing the transaction and expediting the exchange. Sellers have seven days to submit the ticket to PropSwap if it sells.

The real-time functionality has an additional benefit that the company thinks will be key to its growth. In addition to futures slips, bettors can now list tickets for straight bets, and buyers have the ability to make purchases both prior to and during the game.

It's tough to find sellers

Talking bettors into giving up their tickets is one of PropSwap's biggest obstacles. Many gamblers would rather let a bad bet ride than take a buyout up front. Pergande and co-founder Ian Epstein elaborated on the issue:

Convincing bettors to sell their ticket has been a much larger challenge than we had initially thought. They see the ‘Collect' amount on their ticket, and won't accept anything less than that. The psychology theory behind it is called ‘Loss Aversion'. People don't want to be the guy who sold their ticket too early.

Sports Gambling Legalization

PropSwap's expansion to the northeast could be a boon for potential sellers, though. Whereas they were previously limited to the prices fellow-Nevadans were willing to pay, the market is now open to thirsty would-be sports bettors from states in which options are limited. There should be a significant increase in the margins at which sellers are able to shed their tickets.

Gearing up for even more?

The prospect for out-of-state expansion led the company to broadcast a $6 million valuation in 2016. This year, it appears to be gearing for a big push to help drive its growth.

PropSwap has reached out to potential investors, LSR has learned, trying to raise up to $500,000 under that valuation. It refers to the fundraising as ‘building a moat' in preparation for the competition it expects to enter its neighborhood.

'As we grow,' Pergande said, 'the plan is for all visitors that come to Las Vegas to make bets with PropSwap in mind, knowing it doesn't need to win in order to make a profit, it just needs to improve.'

Like any good letter to investors, this one contained a coyly worded caution in its close, too. If the expansion goes as planned, PropSwap says it may feel justified in increasing its valuation.

Full Range of Solutions for Sports Betting Terminals, Loyalty, & Casino Digital Signage

Sports Betting Solutions

KIOSK offers the most fully-featured Sports Betting Solutions, which allows users a self-serve venue to legally place bets, access handicapping services, sports information, and locally advertised promotions. These sports betting kiosks deliver virtually 24/7 betting access, eliminating many frustrations customers face when placing bets through sports books. Self-service betting kiosks eliminate common customer frustrations, including:

• Long lines at peak, strategic hours
• Limited hours of operation with traditional sports books
• Inconvenient locations
• Occasional transaction errors

KIOSK's innovation provides a full range of services. Sports betting kiosks can:

• Accept cash, winning tickets, and vouchers
• Grant full access to all sports propositions and pari-mutuel horse racing
• Provide tools for easy compliance with currency transaction reports and book wagering reports
• Secondary monitor for events, current lines, and ads

KIOSK has been creating gaming kiosks for many years, with many custom sports betting platforms. Contact us for a solution consultation to see how our experience can help you launch your betting kiosk or sports betting terminal solution.

Casino Kiosk Solutions

KIOSK has a wide range of self-service gaming solutions – from traditional redemption and cash-in / cash-out transactions to enrollment and loyalty platforms; sports betting kiosk systems, sports betting terminals, event ticketing, and digital signage.

Casinos such as Caesars, Empire, Hard Rock, Riviera, RIO, and Planet Hollywood have leveraged KIOSK enclosures for promotion and loyalty applications, providing guests with automated access to points information, special offers, and incentives vital to growing repeat customer profits.

Custom transactional solutions for self-serve sports betting have been created for several top companies – all enabling operators to realize increased betting revenues while keeping their labor costs optimized.

Sports Gambling Tickets Atlantic City

KIOSK provides a full range of standard and custom self-service platforms designed to keep your casino solution overhead minimized and your loyal customers rewarded.

Casino Loyalty

According to a recent Market Metrix Hospitality Index (MMHI), 'loyalty club members are 58 to 76% more likely to return to a casino than non-members. In the Americas, loyalty club membership has a particularly potent effect. Net return scores follow a very clear upward progression from 37.8% for non-members to 51.9% for members, and 66.4% for elite members.'

These compelling statistics combined with the cost-saving benefits of self-service environments has made Casino Loyalty a popular gaming deployment application for KIOSK customers. Loyalty card kiosks reward and incentivize customers, presenting opportunities for increased repeat business while simultaneously gathering personalized information about targeted casino clients. Key benefits of casino loyalty programs include:

• Reduced operating costs and substantially increased revenues
• Increased carded play revenues by promoting opportunities at redemption point
• Ensuring marketing dollars are matched to player dollars

Gaming loyalty programs go beyond traditional retail solutions. Contact us to learn more about how casinos and loyalty programs will complete your gaming kiosk environment.

Tito / Redemption Solutions

KIOSK provides a full range of custom redemption solutions from basic TITO to full ATM enabled multi-function kiosks (m3t shown right).

Custom All-In-One Features Shown Here Include

Sports Gambling Sites

• Ticket in / Ticket out redemption
• ATM Services with triple des encrypted, PCI compliant PIN pad
• Check cashing
• Credit card transactions
• Bill breaking
• Player club enrollment with card encoding, print, and dispense capability
• Deep note capacity – up to (5) 3000 note cartridges per unit
• 1200-2200 note acceptor capacity
• (3) commercial coin hoppers

Contact KIOSK, a leader in gaming kiosk manufacturing, for a custom solution consultation.

Case Studies

Sports Betting Tickets Vs Money

• Dave & Buster's Loyalty Card Case Study
• ISI & AWI Sports Book Case Study