A new service which allow people to gamble on games of Counter-Strike: Source, HL2: Deathmatch and soon other games will launch early next week, Prize Fight will go live on the 10th of January and will be giving the first 300 sign up's a £5 kick back.

Prize Fight operates much like a poker site but with popular online PC games instead. Gamers pay an entrance fee to participate, with the combined entrance fees (minus a nominal rake) forming the prize pot available to be shared amongst the winners.

Gamers can register on the site for free and then gain access to a programme of events which acts much like a TV schedule, enabling them to choose from a list of games to play at a time which suits them. To begin with, events will be run every day between 4pm to 12midnight – with plans to adopt a 24/7 gaming schedule in the near future.

Prize Fight also operates a dynamic seeding model which rates players on past performance and pitches them against other players of equivalent skill - thus providing a realistic opportunity for anyone to win, as well as providing an intensely enjoyable gaming experience in the process - prompting one Beta Tester, Flex, to say: " Playing on Prize Fight gives me such an adrenaline rush, I'll never play on public (servers) again. "

Furthermore, Prize Fight takes the threat of cheating very seriously indeed. As well as implementing the full range of traditional anti-cheating methodologies, Prize Fight has gone one step further and has hired one of the world's foremost cheat-writers to code their own, second-to-none, cheat-detection software.

I'm not entirely sure about this, gambling is not something I'm a big fan of.