Exhibit 10.1
                                   AGREEMENT

This agreement is made as of August 8, 1997 at Walnut Creek, California, between
InterBet, Inc., a Nevada Corporation having its principal office in Walnut Creek
, California (InterBet), and The Big Lagoon Rancheria Tribe (Tribe), a federally
recognized tribe located in Trinidad, California.

Whereas:        The Big Lagoon Rancheria is governed by the Tribal Council which
                is empowered  to enact all ordinances and resolutions  necessary
                for  adopting  Gaming  ordinances,  and  such ordinance has been
                adopted, and;

Whereas:        The National  Indian  Gaming  Commission has approved the tribal
                gaming ordinance adopted August 5, 1994 by the Tribe, and;

Whereas:        InterBet  desires assist in the conduct of a Bingo for cash game
                on the World Wide Web Internet in conjunction with the Tribe and
                by agreement with the Tribe to share in the net proceeds of such
                gaming.

NOW, THEREFORE, the parties agree as follows:

                                 -Article One-
                                 USE OF LICENSE

1.1 Tribe  agrees to use its gaming  license to conduct,  via the World Wide Web
Internet,  Bingo for cash and such other games as may be approved  for gaming on
Indian lands as defined in the Indian Gaming Regulatory Act (IGRA).

                                 -Article Two-
                                      FEES

2.1  InterBet  agrees to pay all costs  associated  with the  establishment  and
operation of thisenterprise,  and to pay to the Tribe no less than sixty percent
(60%) and no more than seventy percent (70%) of net proceeds, whichever shall be
allowed by the guidelines of the National Indian Gaming Commission.

2.2 A bank such as  Monument  National  Bank of  Ridgecrest,  California,  shall
receive and hold all funds payable to the Tribe as determined by monthly audit.

2.3 InterBet agrees to pay the sum of Five Thousand  Dollars  ($5,000.00) to the
Tribe at the time of signing  this  agreement.  2.4 InterBet  agrees that,  upon
approval  of the  contract  between  InterBet  and the  Tribe,  the first  Fifty
Thousand Dollars  ($50,000.00)  received from the conduct of the  Bingo-for-cash
game on the World  Wide Web shall be paid to the  Tribe,  without  regard to the
distributioformula of paragraph 2.1 herein.
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                                -Article Three-
                                    Approval

3.1 Tribe agrees to promptly submit this agreement for approval of any agency or
regulatory body which might be required by Big Lagoon Rancheria  Constitution or
the IGRA, or the National Indian Gaming Commission.

                                 -Article Four-
                                      TERM

4.1 This  Agreement  shall  commence on the date first  written  above and shall
continue for the period of five years, unless earlier terminated as follows:

4.2 Either party may  terminate  this  Agreement in the event of a breach by the
other party orany of its obligations  contained  herein if such breach continues
uncured for a period of ten (10) days after written notice of such breach to the
other party.

4.3 Either party may terminate  this  Agreement upon written notice to the other
party if  termination  is  required  by action of any  Indian,  federal or state
regulating body, court , or agency.

                                 -Article Five-
                                  SEVERABILITY

5.1  If any  provision  of  this  Agreement  shall  be  held  to be  illegal  or
unenforceable,  such  provision  shall be severed  from this  Agreement  and the
remainder thereof shall remain in full force and effect.

                                 -Article Six-
                                ENTIRE AGREEMENT

6.1  This  Agreement  constitutes  the  entire  Agreement  of the  parties,  and
supersedes all previous  understandings  between the parties with respect to the
subject matter hereof. There are no oral representations.

BIG LAGOON RANCHERIA                                      INTERBET, INC.

By:  /s/Virgil Moorehead                          By: /s/Samuel Rosenthal
     Virgil Moorehead, Chairperson                    Samuel Rosenthal, Chairman
     Big Lagoon Rancheria                             InterBet, Inc.
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