Free Sports Betting With Real Cash Payouts

It may sound to good to be true, but in this case it isn't. CentSports.com like any gambling website, allows you to bet real money on real sports, but with one caveat, it doesn't cost anything.
Every account is given 10 cents with which to start betting and the account balance can never dip below 10 cents. Once the total reaches $10.00, it can be cashed out via check or PayPal. At this time of this writing, the all time highest balance is $443.58, and the highest cash out is $300.00. They get their lines directly from Vegas and offer all standard line-type bets such as over/under, point-spread, and moneyline bets(all of which can be parlayed). They allow betting on almost every college and professional baseball, basketball, football, and hockey. The site is in the process of adding more sports, such as soccer, horse racing, etc.

Last years Unlawful Internet Gambling Enforcement Act made illegal any gambling sites that allowed money deposits. CentSports.com cleverly takes advantage of the loophole that allows real money to be gambled as long the user doesn't deposit money.The website sustains itself through an unobtrusive banner ad across the top of each page. The site, while still in beta, is generating more money through the advertisements than it is having to pay in cash-outs. It is being developed by students and professionals based at Texas A&M University in Texas.