Abstract: A method and system for providing an online membership gaming service where sports book and exchange players are members of a social media community and platform where they may bet on the outcomes of sporting events without the risk of losing their own money. The method comprises receiving entries into one or more sports book and exchange contests from a plurality of subscription members. A betting fund is distributed to each of the subscription members and the amount distributed is based on a predetermined amount associated with the one or more sports book and exchange contests and/or membership level. Bets are received from the plurality of subscription members. One or more winners of the one or more sports book and exchange contests are determined based on a total amount of the betting fund of each of the plurality of subscription members based on one or more outcomes of the bets.