BetOnLow - anybody got any info?

Interesting idea - its an online version of the old competition game where the person picking the lowest number with the least number of other bidders wins (kind of like a reverse auction). But sounds like you're the only one playing there!

We'll check it out and see if we can find out more info.

Yes, so far very little which is not unusual for a brand new site (it has literally only launched in the last month). Just from my own research, it is run out of Costa Rica and uses a custom flash software which is played entirely in the browser, so no download and installation is required. The parent company is MGAME Solutions, which we have not come across before.

Interesting point is that if you look at the "Last 8 Hours" and "Last Day" results of the draws (bottom left of homepage), you can see that the winner almost always wins by picking the number 1, so there clearly are not a lot of players on there at the moment. This is both good and bad I guess - the jackpots are low but you have a very good chance of winning them.

I spoke to one of the managers there and got the following info (we're also checking the site out using one of our "mystery players"). The site only launched last month and currently has around one hundred active players. Players from the USA are not accepted.

The jackpot amount for each game is the sum of all bets placed in the game, minus a 15% "rake" that the house takes. So knowing this, you can get a pretty good idea about the number of bets that have been placed in a game by looking at the current jackpot amount like so...

Sum of bets placed = Jackpot / 0.85

They currently have a promotion where you get one free bet for every 2 bets placed on the same game, and a loyalty program that awards cash back based on the amount you wager.

I also see that people aren't winning with the number 1 much any more.

Let us know if you have any problems cashing out.