Raising the Limits and Lowering Prices: New Traders at BetOnline.com

PANAMA CITY, Panama, August 26, 2011 /PRNewswire/ --

The fastest growing sportsbook in the US, Betonline.com, is also rapidly expanding a more competitive offer on international sports as well as improving on its traditional strengths in NFL, NCAA Football and basketball, NBA and MLB with an injection of new blood in their trading group. Their first moves: raising the limits on NFL to $25,000 a game and dropping the prices on international sports to be the lowest in the market and amongst the most competitive in the world.

"We've recently brought in four new traders-two from the States and two from Europe-and their impact on BetOnline's sports  offering has been dramatic," said Alex Carey, CMO at BetOnline. "They're managing all of our live in-game action, which includes MLB and pre-season NFL, but also live soccer, tennis and golf. And while the live action is great, what they've been able to do the moneylines is startling!"

Spearheaded by a former Pinnacle Sports trader, BetOnline is beating the world with 16-cent moneylines, spreads and totals in tennis, and 16-cent moneylines on matchups in golf.  "European books rob you by including the draw and making 3 way lines in golf," Carey said. "If you're betting on golf or tennis, you have to check our prices."

The new ex-Bwin trader is causing the same havoc in international team sports. 10-cent spreads on UEFA Champions League-with limits up to $5000-and 20-cent lines on Cricket and Rugby. "In the US, we've often been jealous of the choice and value they have in Europe; no more," said Carey.  "Cricket and Rugby are usually 30 or 40 cent lines, Champions League typically 20 to 30 cents. BetOnline's prices now beat the vast majority of the international market and indisputably leads in the US market."

The new American traders have stood up as well, pushing the limit on NFL in-season games to $25,000 a game. "With TheGreek out, bigger players are looking for a new home-they're welcome here at BetOnline where they'll generally find the highest limits-and if you want to go beyond the limits on the site, just ask," Carey said. "Because you can; our traders are not afraid of big action."

BetOnline has found itself well positioned for a perfect storm this season: opening a poker room while the big poker boys closed, expanding their credit card processing while other US sportsbooks stopped taking new players and staying in the market while others chose to leave. "We're committed to serving the betting world-our license allows us to take play from anywhere BUT Panama-and so we do," said Carey.

Increasingly the first to post odds online, BetOnline is also becoming the first sportsbook that fans and media use to check odds -- references to BetOnline's odds now regularly appear in mainstream media, such as ESPN.  And now those prices will be sharper across the board, from their MLB dime lines out to -199 to 10-cent spreads on Champions League soccer. When you are looking for odds, start at BetOnline. Because you can.

About BetOnline.com

One of the few online sportsbook to be legally licensed and regulated in one of the banking capitals of the world, Panama City, Panama, BetOnline's management have been servicing players from around the world for over fourteen years.

With a reputation for excellent customer service, 100% payment history to players, the industry's best bonuses, a multitude of deposit methods including all popular credit cards, sports lines that appeal around the world (including live betting on English Premiership Football, PGA Championship Golf as well as MLB, NFL and NCAA football), BetOnline is now the fastest growing sportsbook featuring US sports.

In addition to sports betting, BetOnline offers a fantastic full featured online casino with new 3d slots and a new, live Texas Hold'em and Omaha Poker room. BetOnline: because you can.

For more information, see http://www.BetOnline.com.