Why is something like ESPN's Streak for the Cash not considered gambling under law? streak.espn.go.com/en. It is clear this is a game of chance due to ESPN purposely picking games that statistically are 50 50
1 Answer
You don't have to pay anything to participate.
The picks offered as part of Streak for the Cash are not statistically 50/50. There are often picks with vegas lines that correspond to 60-70% for one of the sides.
The test for whether something is a game of chance is not simply checking whether the options are 50/50.
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so say you have a game where you get free coins everyday, but wager them with other people on either fantasy sports or just bets and if you get a certain number of coins you get a prize. Is this still considered gambling? You don't have to pay anything to participate @Dawn Commented Feb 10, 2016 at 22:17
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See law.stackexchange.com/questions/7049/online-gambling-rules– user3851Commented Feb 10, 2016 at 22:21
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Wait... but doesn't streak for cash offer a Cash reward for winning a certain amount of "games"? How is this not considered gambling? @Dawn Commented Feb 10, 2016 at 22:22
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@dodgeroebuck You don't have to pay anything to participate.– user3851Commented Feb 10, 2016 at 22:24
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but say you don't have to pay anything to participate in a game where you earn points but its for fantasy sports or some skill based game. Then you can spend those points on prizes like a Streak for Cash's Grand Prize thing. You technically aren't wagering anything of value. How is this considered gambling? Thanks for your help btw. I really appreciate it @Dawn Commented Feb 10, 2016 at 22:29