2 Players 'sit' on a chess table and each of which bets say $100 - whoever wins the game takes the other guy's money and i keep a small commission of say 1%.
It's like person=to=person chess playing online. I know there are many obstacles...like computer bots playing against real people, etc. But other than that - do you think people will be willing to test their skills in such a website or it won't make the news anyway?
10x!Do you think a chess betting/gambling website could be a good business idea?
No, it's not a good idea.
There's a reason why this doesn't exist already. As you mentioned, bots would overrun the site and no one would make any money. This is also why there is no site where you could play Scrabble for money. The same thing would happen.Do you think a chess betting/gambling website could be a good business idea?
It's not going to work, because there's no way you can stop people from cheating and using computer programs. It doesn't even have to be a bot, I can have chess software running on a completely separate computer, so that there's no way to detect it. People will flood your website with the chess software because it looks like an easy way to make money. Honest players will be driven out because they never win, unless they're very, very good, and there aren't enough very good players out there to keep the website afloat.Do you think a chess betting/gambling website could be a good business idea?
It's a bad idea, how about online sports betting, I'm sure you'll get a lot of bettors active that way. because there's a lot of sports to choose from, your betting site must not concentrate on one game only. the more games you have, the more bettors will be on your site.
I think it's highly unlikely that it would work.
At the moment, I don't think bots would be a problem because the top grandmasters are still better than commercial-grade software on personal computers (though the gap is shrinking each year). It would only be a problem in matches with short time, so I guess there just wouldn't be fast matches.
The biggest problem would be that only a handful of people in the world (if any) would be willing to play for money in a world-wide arena. In live play, the 2nd-tier players only make money because the top players aren't playing in every single tournament. At a website like what you propose, the top players would be there at all times because they wouldn't have to travel anywhere. The top players could battle each other, but they'd probably end up losing to the commission even if it is a small percentage (the #1 player really isn't much better than the #10 player). If any player were dominant enough to profit, then the other GM's would stop playing him/her. So it's a lose-lose for the players.
The only way it might work -- though still doubtful -- is if non-grandmasters would be willing to lose money just for the opportunity of playing with the world's best players. Or to pit their software against the grandmaster and save the match to study. But I don't think many people would do this, because nowadays people already have access to grandmaster-level software, so there'd be no reason to pay so much money (whatever amount the GM felt was worth his time) just to play to a slightly-better human grandmaster and get crushed just as badly.
As for a GM or master who wants to play better opponents to improve, he would just play free matches at the already-existing websites, where all levels of players play.
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