Woohoo Bitcoin fans and bettors! After completing a month of limited release testing, all players can now deposit and withdraw up to $2k at a time in bitcoin at BetOnline.
Read more about it: http://www.sportsbookreview.com/sbr-...bitcoin-55633/
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03-26-15 05:10 PM #1
BetOnline the latest sportsbook to add bitcoin
Points Awarded:
Broncos gave SBR Natalie 2 Betpoint(s) for this post.
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03-26-15 05:30 PM #2
Woah, Neat-O!
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03-26-15 05:32 PM #3
Niceeeeeeee!
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03-26-15 06:45 PM #4
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03-26-15 07:12 PM #5
How many bitcoins do you have coach?
Originally Posted by jjgold
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03-26-15 08:39 PM #6
Bitcoin I had one and blew it
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03-26-15 08:45 PM #7
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03-27-15 12:09 AM #8
Has anyone ever mentioned that you remind them of Natalie Pinkham who hosts the SkyF1 broadcasts? Originally Posted by SBR Natalie
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03-27-15 02:26 PM #9
can someone please tell me what this is. Ive ignored it long enough (bitcoin)
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03-27-15 03:21 PM #10
1. Create a wallet at https://blockchain.info/wallet Originally Posted by DISTROYA
2. Post your BTC address (I will send you some cents)
3. Try to move your BTC in and out of bitcoin books (The choice of bookie is yours. I would suggest to open anonymous account at Jetwin. Do not forget to select your currency to USD during account creation.)
You will enjoy instant banking.
No fees, No need to walk to the nearest ** agent, No personal info.
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03-27-15 03:33 PM #11
I am going to try this on Tuesday and see how easy it is
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03-30-15 01:06 PM #12
Not the best experience.
the GOOd
it was fast, all online, no need to call for anything.
the bad
they charge you approx 4.85 on your money in blockchain (or any wallet) my should have been 629.75 went to 602 ! YUK
and unlike ** or W U where fees for anything over 300 deposit is of course covered here they dont.
Live chat told me they have processors that take the money its not betonline direclty.
YUK overall, (same thing if you withdraw) so that both ways is 9% fees for a method that is suppossed to be fast, easy...AND CHEAP for both parties...Nomination(s):This post was nominated 1 time . To view the nominated thread please click here. People who nominated: Koldazzice
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03-30-15 01:16 PM #13
try, you got hit with a - btc fluctuation. betonline 48 hour hold is ridiculous also. Much better options available.
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03-30-15 01:21 PM #14
no it was instant. there was no price fluctuation coins still in the 247.675 range past couple hours.. Originally Posted by NoRespect
I sent 2.565 coins and was basically charged a service fee of 4.8% from actual markets
they paid at approx 235. dont think coins have been that low in weeks..
this was a deposit
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03-30-15 01:26 PM #15
Then you got screwed. I can buy 1 btc free of charges at Circle, send to my wallet then on to Heritage for about 5 cents. .0002 btc! I never send directly from Circle to Heritage.
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03-30-15 01:31 PM #16
There is no easy way period anywhere for usa players
Pick your poison
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03-30-15 01:33 PM #17
yes I realize I was screwed on this.. so heads up to other deposit customers AVOID this for now. Originally Posted by NoRespect
they must either be clueless still...or some glitch right now Im not sure....Points Awarded:
edawg gave trytrytry 5 SBR Point(s) for this post.
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03-30-15 02:40 PM #18
Shop is way overrated stick with Heritage or 5Dimes.
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03-30-15 03:11 PM #19
They might have to work out kinks
Give it time
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03-30-15 05:00 PM #20
Holycrap BOL...you really charge for Bitcoin deposits?
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03-30-15 05:04 PM #21
Let me make some calls
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03-30-15 06:30 PM #22
Conversion rate used by true bitcoin books https://bitcoinaverage.com/#USD
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03-30-15 06:31 PM #23
The regular books have not perfected bitcon yet
It's very complex
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03-30-15 08:27 PM #24
I have been using it for a while. I keep losing there so I have deposited many times. Yes, they do charge a vig. You will have to send in about 2,085 worth of btc to deposit 2000 usd. But they always have a 25% free play reload bonus, so it's OK. Just make sure you are eligible for the bonus and that you enter the promo code in when doing the deposit procedure. The free play is automatically credited (assuming you entered the promo code and are eligible). You are only eligible for this bonus when your account is totally bust (zero balance, no pending bets, no free play balance). This is the same stupid system they use/used for CC deposits. They charge you a fee but give you a free play as a reload bonus.
Usually it is a very easy process. Sometimes the software screws up. BO is a good book but they have shitty CS. Not surprisingly, their CS does not know jack shit about btc so when the software screws up it is kind of annoying to talk to CS. They will ask you stuff that makes no sense. But the bottom line is that they will tell you they have to check with the processor, and shit eventually gets ironed out. The most I have ever had to wait was a few hours. When everything goes smoothly it is more like 5-10 minutes.
The problems with the software went on for a few days straight, but other than that one stretch I have not had problems. And it sounds like this was during some kind of beta phase, so maybe things are a lot more stable now.Last edited by KGambler; 03-30-15 at 08:35 PM.
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03-30-15 09:37 PM #25
Thanks, KGambler, for the details. They make no bones about being a recreational book so I guess it makes sense that they want to be able to punish winners with exorbitant fees.
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03-30-15 09:42 PM #26
Yeah they always screw it up in their favor imagine that.
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03-31-15 12:53 AM #27
I hate to pry but everything u say is right except for 1 main part that u r unaware of which the cs tries to use and make u believe this is true, when they r wrong. The zero balance is for free plays and not your cash balance, the actual rule is that in your real $ account must not be more than 2 times your average bet size to not be able to get a bonus. They have tried it with me and I know the rule and so many cs dont even know it until u tell them this is not true to go back and check, they always come back to add the bonus. Thought u should know because it's a good bonus, it's tricky when u read it in the rules they have but u have to read it a few times then u will know what I am saying. Originally Posted by KGambler
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03-31-15 04:18 AM #28
What is the problem boys i get paid with u.s. Money orders never have any trouble
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03-31-15 08:47 AM #29
Betonline is a big book
most big books at times have customer service issues and processing issues
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03-31-15 10:27 PM #30
Well despite EMAILS, phone calls and live chat and sending them the real time charts of bitcoin average exchange prices at that time (ie all in the $247 price range they have chosen to ignore the request and just pocket the $27. so not too impressed with them. customer service is just terrible, and dont ever EMAIL anything to them for help... Originally Posted by trytrytry
, had taken 3 years away from them due to them being maybe a top 20 tier book after lowvig left them, brand the -105 pricing which was competitive at that time... .
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04-01-15 10:16 AM #31
Originally Posted by trytrytry
I can't avoid it...lol. I rather pay 4.5% fee using bitcoin deposit than pay 12%+ using cc deposit. Choose your poison wisely.
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04-01-15 12:10 PM #32
Fair point. Originally Posted by GigaOuts
but if lucky enough to win you have the same 4.8% charge on way out too. Still much to like on bitcoins was just hoping like NETELLER it was done and agreed by all to be fast, secure, cheap and a way to avoid M g , Cc, W Un, etc etc etc... for usa post up...
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04-01-15 12:19 PM #33
Can SBR chime and tell everyone what's going on? Because Bitcoin should be free both ways and no where on the site does it say u pay a rediculous fee for Bitcoin transactions to deposit and withdraw, it looks like it tricks u to deposit then realize the fee after which bogus.
Either they r to dumb to figure out the problem and don't know it yet(which is very possible with them) or they r adding in a fee to be cheep( which is also possible with them). They r a great book but such a hit or miss when dealing with cs as they never know the right answer to tell u.
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04-01-15 12:34 PM #34
that is not exactly right. I should explain in more detail to be fair since I started this discussion and negative feedback Originally Posted by Legions36
this was the first time using the bitcoin betonline interface for me so I was learning as well
this is actually what happens..
click on bitcoin deposit option. you then put in the amount in USD you will deposit. say you put in 100 (which I did just now for example)
then on the next betonline screen is small print they have a conversion rate and list exacly how many bitcoins to send
like right now for $100 it is this
0.429572 BTC
then the long address 545654654654654654645lopsdifopsidfopsdip foisdpsfiposifdposi
1 BTC = 232.56 USD*
*Exchange rate may vary at any moment
OK so I saw that fine print and noticed it the price (232.56) was nowhere near the current bitcoin excahge prixc which was then at $248 (now for example its $244.71)...
I thought perhaps they give you a ball park price lower as *Exchange rate can fluctuate (not that big in 2 minutes but whatever a good warning to give) but I was not sure.. So I went to LIVE CHAT before doing the transaction and asked if that person knew bitcoin system well, they did, and asked what exchange rate do deposits get because the listed one I see does not match current bitcoin prices. the answer back was that betonline and their processor is tied directly into current prices and that is what the value of money in your account you will get for the bitcoins sent.. so I thought great Im ready to deposit and I did..
I think they do that becasue the give you an address that is actually good for 1436 minutes .. you can use that address anytime in the 1436 minutes, and they have a count down going in seconds on that timing! So in case you dont do it until next day and price changes in your favor a lot (say some mazjor news and a price crash) they really give you the actual exchange rate at time of BTC deposit like they should and state on website..
(if not you could just put in dozens of requests monitor the prices and if a huge drop just put in the address and get your awesome exchange rate,..which would not be good for betonline or anyone.)
So after that clarification I did put in the address and sent the number of BTC suggested
the amount I actually received matched the lowball in correct BTC price exchange rate and they would not upgrade that and another live help person basically said there is a 4.8% fee both ways using bitcoins at betonline and the customer pays those fees..
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04-01-15 02:53 PM #35
Ok so if they say they charge a fee for bitcoin(which I haven't been able to get out of them) use, then we all know that they are trying to put a tax on it when we all know its free. Not even sure i want to use this method with them if they are going to do that. Just for the record they are the only place that is deciding to do this and just took out all the fun out of having bitcoin as an option to use.
Also if they want to add a fee it should be stated in black and white not in small prints like they have, and maybe u didn't fall for the price difference but i did and didn't realize until after I saw the price when i sent the bitcoins from my wallet.
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