It’s been a long road for online gamers with accounts at Player’s Fortune Casino as well as for GamblingSoftware.com, the company that developed the site.

Online gamblers’ two biggest fears are sites that offer unfair games and sites that just won’t pay. Instances of these two scenarios are fewer and further apart than the average person on the street would believe, but it happens nonetheless, and the latter scenario occurred with Player’s Fortune (PFC), an online casino that recently went under. More often than not, as in the case of PFC, the operators of the service run out of money, leaving the players high and dry. And more often than not, there’s not much the players can do about it.

Since Player’s Fortune shut down October 26, 2000, customers and players’ advocates have voiced their disgust with the situation, and the target of most of the disgust has been GamblingSoftware.com (GS), the company that created the software and licensed it to PFC.

Last week, GS attempted to appease the angry masses by offering 15 percent payouts to players with suspended accounts. The casino, according to GS, “accumulated an unrecoverable debt to players by offering simultaneous radical promotions targeted to new players over a period of two months.” The result was a bankrupt company and a lot of bitter customers.

GS maintains that PFC, as the owner of the casino, was contractually liable for all Togel player debts under the terms of its license. Upon becoming non-operational, however, PFC did not honor any debt owed to players, including redemptions for players’ original deposit amounts.

GS says that it has honored all deposit redemption requests and that it has since sent out 15 percent of winnings to the 189 players owed as a gesture of goodwill and as an effort to compensate for the funds owed to customers by PFC. The company says it has also informed its remaining licensees of the consequences and risks involved with aggressive promotions, and has implemented more restrictive policies and procedures regarding promotions for all casinos licensing their software.

All parties involved end up losing. The operators of Player’s Fortune have run out of money, GS has absorbed a huge blow to its reputation and the players will likely never see the remaining 85 percent of their money.

How to Bet on Sports

Sponsor BoDog 20% Signup Bonus!

Sports betting is the ultimate money game for the sports fan. Through any of a number of online sportsbooks you can bet on the outcome of baseball, basketball, football, hockey and soccer games, car races, boxing matches and other popular sporting events. If you know your favorite sport inside and out, you can overcome “the juice”, beat the oddsmakers and fatten your wallet. Also, placing a sports bet makes the outcome of the game more meaningful and the game itself more enjoyable and thrilling.

The sportsbook and the oddsmaker

To place a sports bet, simply go to a sportsbook — a place that accepts sports bets. VIP Sports and Interwetten are examples of online sportsbooks. Many sportsbooks also accept bets by telephone. You may sometimes hear sportsbooks referred to as bookmakers or bookies. These terms are generally reserved for disreputable or illegal operations — the leg-breaker variety.

Note that a sportsbook is not the same as an oddsmaker. The sportsbook simply accepts sports bets. An oddsmaker is a person who sets the betting odds. Most major sportsbooks use odds set by Las Vegas oddsmakers. These oddsmakers typically work for major hotel sportsbooks.