1. 08-26-15 07:04 PM #1
    SBR Forum
    SBR Forum's Avatar Administrator
    Join Date: 12-02-06
    Posts: 4,551
    Betpoints: 993431

    GTBets Sportsbook adds Bitcoin to Cashier

    Online sportsbook GTBets (SBR rating B) now allows players to make deposits and withdrawals using bitcoin.

    The minimum deposit is the equivalent of $35 and the maximum $3,000 per transaction.

    There is a $300 minimum withdrawal and $2,000 maximum per transaction through bitcoin - SBR has inquired on the weekly max. Player balances are converted to USD upon depositing.
    Reply With Quote Reply With Quote
  2. 08-26-15 07:10 PM #2
    Buffalo Nickle
    Buffalo Nickle's Avatar Become A Pro!
    Join Date: 11-12-14
    Posts: 3,228
    Betpoints: 878

    Darn. You gotta deposit with it to use it to withdraw. That would have been a good way to avoid GT's big fees on payouts.
    Reply With Quote Reply With Quote
  3. 08-26-15 08:37 PM #3
    NSN21
    NSN21's Avatar Become A Pro!
    Join Date: 05-13-11
    Posts: 322
    Betpoints: 7886

    If you already have money in this account like I do, best bet is probably to make a small token deposit with Bitcoin somewhere along the way so you can take payouts using this method.

    Don't understand why one would have to deposit with this method in order to withdraw with it. Makes no sense.
    Reply With Quote Reply With Quote
  4. 08-28-15 03:43 PM #4
    SBR Forum
    SBR Forum's Avatar Administrator
    Join Date: 12-02-06
    Posts: 4,551
    Betpoints: 993431

    GTBets amended the policy - now players can withdraw through bitcoin even if they did not deposit that way.
    Reply With Quote Reply With Quote
  5. 08-28-15 03:51 PM #5
    NSN21
    NSN21's Avatar Become A Pro!
    Join Date: 05-13-11
    Posts: 322
    Betpoints: 7886

    Quote Originally Posted by SBR Forum View Post
    GTBets amended the policy - now players can withdraw through bitcoin even if they did not deposit that way.
    Nice! Good call on their part.
    Reply With Quote Reply With Quote
  6. 08-28-15 03:52 PM #6
    Buffalo Nickle
    Buffalo Nickle's Avatar Become A Pro!
    Join Date: 11-12-14
    Posts: 3,228
    Betpoints: 878

    Quote Originally Posted by NSN21 View Post
    If you already have money in this account like I do, best bet is probably to make a small token deposit with Bitcoin somewhere along the way so you can take payouts using this method.

    Don't understand why one would have to deposit with this method in order to withdraw with it. Makes no sense.
    That was fast.
    Reply With Quote Reply With Quote
  7. 08-28-15 05:47 PM #7
    Kindred
    Bitcoin=Freedom
    Kindred's Avatar Become A Pro!
    Join Date: 09-09-08
    Posts: 2,901
    Betpoints: 473

    Players are also not bound to receive payouts through bitcoin. This means if a player deposits $300 and wins $200, and bitcoin dips in value such that the player would actually lose some profit, he can take a payout through a standard cashier option.
    http://www.sportsbookreview.com/sbr-...-policy-60871/
    What does that mean? If Bitcoins value dropped wouldn't GTbets just pay the equivalent of $500 worth of Bitcoin
    Reply With Quote Reply With Quote
  8. 08-29-15 06:19 PM #8
    Courtesywipe
    Dead1977
    Courtesywipe's Avatar Become A Pro!
    Join Date: 09-02-11
    Posts: 1,622
    Betpoints: 346

    Received a football season gift in the mail along with 100% cash and 50% cash bonus on next 2 deposits. I will most definitely be depositing there soon. Especially with Bitcoin in the cashier and free 1/2 points on favorite teams. Easy rollovers. Hard to say no.
    Reply With Quote Reply With Quote
  9. 03-14-16 09:57 AM #9
    ico2525
    ico2525's Avatar Become A Pro!
    Join Date: 07-30-08
    Posts: 598
    Betpoints: 36

    Bitcoin hasn't hasn't been "available" as a withdrawal method in over a week. Can anyone else confirm?
    Reply With Quote Reply With Quote
  10. 03-14-16 02:44 PM #10
    Courtesywipe
    Dead1977
    Courtesywipe's Avatar Become A Pro!
    Join Date: 09-02-11
    Posts: 1,622
    Betpoints: 346

    Also waiting on March Madness promo. Nothing yet. Normally they send something in the mail as far as a gift and a decent reload bonus for the tournament. Nothing so far. Anyone else have any info?
    Reply With Quote Reply With Quote
  11. 03-14-16 11:21 PM #11
    iceminers26
    iceminers26's Avatar Become A Pro!
    Join Date: 10-13-08
    Posts: 15,600
    Betpoints: 0

    REALLIFE REPORT not bs paid SBR report.

    GT does not offer Bitcoin as a withdrawal option at current time.
    Reply With Quote Reply With Quote
  12. 03-14-16 11:30 PM #12
    ico2525
    ico2525's Avatar Become A Pro!
    Join Date: 07-30-08
    Posts: 598
    Betpoints: 36

    That's really strange. Why? Are they not getting sufficient BTC deposits? So withdrawals are just going to have to cost $90 now? Any other options?
    Reply With Quote Reply With Quote
  13. 03-15-16 09:40 AM #13
    SBR Forum
    SBR Forum's Avatar Administrator
    Join Date: 12-02-06
    Posts: 4,551
    Betpoints: 993431

    Quote Originally Posted by ico2525 View Post
    Bitcoin hasn't hasn't been "available" as a withdrawal method in over a week. Can anyone else confirm?
    Quote Originally Posted by iceminers26 View Post
    REALLIFE REPORT not bs paid SBR report.

    GT does not offer Bitcoin as a withdrawal option at current time.
    Bitcoin withdrawals have been re-enabled as of yesterday afternoon. We were told BTC payouts were temporarily disabled for four days last week. No issues are expected moving forward.
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: Optional
    Reply With Quote Reply With Quote 1
Top
« Previous Thread | Sportsbooks & The Industry | Next Thread »