[SBR Natalie]

Hey guys, just released a tour of bitcoin sportsbook Nitrogen Sports. Enjoy and Happy Halloween.

[jjgold]

It is best bitcoin book

Let get them on SBRODDS

[raiders72001]

#1 Bitcoin book. -105 NFL sides and totals. They also have live betting. Instant deposits and withdrawals.

[frankzig]

congrats on the baby or sorry if not

[BrickJames]

#1 Bitcoin book. -105 NFL sides and totals. They also have live betting. Instant deposits and withdrawals.

Is there a cap on the -105?

[raiders72001]

Is there a cap on the -105?

100 BTC (current $31k) limit on game day. Right now it's 40 BTC. -105 for all.

Nitrogen lists the limit next to the team so you'll know the maximum bet.

bitcoin price https://bitcoinaverage.com/#USD

[BrickJames]

Wow they are really killing it. Guys who run *********** shops are probably shaking in their f****** boots right about now

[raiders72001]

I don't know if the bitcoin price will go up or down but the huge price jump was caused by a ruling from the European Court.

Bitcoin transactions will be exempt from Value Added Tax (VAT), the European Court of Justice (ECJ) has ruled.
According to the Financial Times, the ECJ said that bitcoin transactions "are exempt from VAT under the provision concerning transactions relating to currency, bank notes and coins used as legal tender."

http://www.coindesk.com/bitcoin-is-e...rt-of-justice/

[spro23]

I'm so sick of dealing with checks and regs bitcoin is the only way to go

[capone1899]

congrats on the baby or sorry if not

[raiders72001]

Hey guys, just released a tour of bitcoin sportsbook Nitrogen Sports. Enjoy and Happy Halloween.

Nice job with the tour.

[Smother]

Nitrogen will be a top book for everyone in the near future.

[jjgold]

like the software

Natalie should do more of these

[spro23]

they have way fewer live betting options than other books. other than that they're great

[evo34]

Definitely rooting for them, but how many big players really want to have their funds subject to the whims of BTC price fluctuation? And don't tell me you can withdraw every day. You'll die a slow death from transaction costs.

[kidcudi92]

Love Nitrogen.

[SBR Forum]

Definitely rooting for them, but how many big players really want to have their funds subject to the whims of BTC price fluctuation? And don't tell me you can withdraw every day. You'll die a slow death from transaction costs.

Good question. It has been the subject of a few of editorials on the homepage. Nice gain since the latest bitcoin market watch report.

[jjgold]

Definitely rooting for them, but how many big players really want to have their funds subject to the whims of BTC price fluctuation? And don't tell me you can withdraw every day. You'll die a slow death from transaction costs.

Books do not want big players Son

Vegas does not even want them..many get kicked out

Books make money on small and medium type players

[Justin_sane]

#1 Bitcoin book. -105 NFL sides and totals. They also have live betting. Instant deposits and withdrawals.

no mention of 20 cent line in MLB and more often then not 10 cents worse then A+ rated books.

[Justin_sane]

Definitely rooting for them, but how many big players really want to have their funds subject to the whims of BTC price fluctuation? And don't tell me you can withdraw every day. You'll die a slow death from transaction costs.

you must be new to bitcoin, transaction costs are peanuts. Even buying some bitcoin with Liberty X, the fee was 1.50 for 300$

[raiders72001]

no mention of 20 cent line in MLB and more often then not 10 cents worse then A+ rated books.

It's not a 20 cent line. A line of -200/+180 has a much higher hold than -140/+120. You have to use percentages on a graduated line.

It's Pinnacle plus 2 to 3 cents.


game 5:

Pinny -144/+133
Nitrogen -146/+132

[raiders72001]

Total

Pinny:
o7 +110
u7 -121

Nitrogen:
o7 +109
u7 -122

[Justin_sane]

It's not a 20 cent line. A line of -200/+180 has a much higher hold than -140/+120. You have to use percentages on a graduated line.

It's Pinnacle plus 2 to 3 cents.


game 5:

Pinny -144/+133
Nitrogen -146/+132

1 fukking game on the board, I'm talking middle of June with 15 games on the board

[raiders72001]

1 fukking game on the board, I'm talking middle of June with 15 games on the board

They may have started off with higher holds in baseball but decreased that some time back to 2 to 3 cents from Pinny.

[HuskerExpat]

Definitely rooting for them, but how many big players really want to have their funds subject to the whims of BTC price fluctuation? And don't tell me you can withdraw every day. You'll die a slow death from transaction costs.

Nitrogen pays the transaction cost on withdrawals. The player pays on the deposit. And the typical transaction cost on a bitcoin transfer is .0001 bitcoins. At todays prices, that about 3 1/2 cents. So you can make one deposit/withdrawal round trip every day of the year for less than $13 a year.

So the short response is that I don't think you understand how bitcoins work. Or maybe you just have a really, really small bankroll.

[jjgold]

It has to be a top 7 book now

[evo34]

you must be new to bitcoin, transaction costs are peanuts. Even buying some bitcoin with Liberty X, the fee was 1.50 for 300$

No, not new to bitcoin. You pay a fee and a a bid/ask spread at most exchanges. "Peanuts" add up quickly if you are converting between BTC and USD every day, which is the only way to get even partial protection from BTC price drops. Even ignoring the bid/ask costs, you're paying 1% roundtrip in your example. What do you think that does to your bankroll after 60 days?

[evo34]

Nitrogen pays the transaction cost on withdrawals. The player pays on the deposit. And the typical transaction cost on a bitcoin transfer is .0001 bitcoins. At todays prices, that about 3 1/2 cents. So you can make one deposit/withdrawal round trip every day of the year for less than $13 a year.

So the short response is that I don't think you understand how bitcoins work. Or maybe you just have a really, really small bankroll.

Obviously, I am talking about converting BTC to USD and the reverse on a daily basis. No real bettor wants to do that, nor does he want to be massively long bitcoin; hence, the limited upside of Nitrogen until they start allowing USD balances.

[evo34]

Books do not want big players Son

Vegas does not even want them..many get kicked out

Books make money on small and medium type players

Depends how sharp the book is, "son." Why would a "medium" player want his funds subject to massive bitcoin volatility?

[HuskerExpat]

Obviously, I am talking about converting BTC to USD and the reverse on a daily basis. No real bettor wants to do that, nor does he want to be massively long bitcoin; hence, the limited upside of Nitrogen until they start allowing USD balances.

Perhaps many bettors don't want to be "massively" long in bitcoin, but it is a stretch to say that "no real bettor" wants to be long bitcoin. I guess I'd have to know your definition of a "real bettor."

Bitcoin is merely another type of investment. You and others might believe it is too speculative, and certainly it is as compared to many investments (U.S. government bonds for instance). One can never be sure why the value fluctuates, but the common wisdom on the current appreciation over the last several weeks is a combination of Europe exempting bitcoins from the value added tax and Chinese purchasers buying bitcoin as an alternative to gold to combat the devaluation of the Chinese currency. That bodes well for the long term value and appreciation of bitcoins. Considering that along with the fact that gambling is inherently risky in and of itself, I'm willing to take the risk by holding bitcoins. Your mileage may vary...

[evo34]

Perhaps many bettors don't want to be "massively" long in bitcoin, but it is a stretch to say that "no real bettor" wants to be long bitcoin. I guess I'd have to know your definition of a "real bettor."

Bitcoin is merely another type of investment. You and others might believe it is too speculative, and certainly it is as compared to many investments (U.S. government bonds for instance). One can never be sure why the value fluctuates, but the common wisdom on the current appreciation over the last several weeks is a combination of Europe exempting bitcoins from the value added tax and Chinese purchases buying bitcoin as an alternative to gold to combat the devaluation of the Chinese currency. That bodes well for the long term value and appreciation of bitcoins. Considering that along with the fact that gambling is inherently risky in and of itself, I'm willing to take the risk by holding bitcoins. Your mileage may vary...

If it helps your comprehension, a Nitrogen user must have his entire bankroll invested into bitcoin, a.k.a., "100% long," a.k.a., "massively long." Great news if for some reason you want to combine your betting activity with speculating in an incredibly volatile "investment." Terrible news if you're focused on trying to make money via handicapping skill and to minimize all external risks -- a.k.a., a "real bettor."

[minet123]

Betting with bitcoins
Betting with bitcoins with a book in a third world rat hole of a country

[CanuckG]

Just holding bitcoins right now is free money. Price is skyrocketing.

[raiders72001]

EU VAT ruling and now China continue the roll.

As Cyprus, Argentina and Greece have already discovered recently, massive capital controls by the central government are counter-productive. Bitcoin provides an excellent way to move money abroad, and hedge against inflation, so any panic in the Chinese markets plays in Bitcoin’s favor.Investing in gold is always a popular option in China, but moving gold overseas is not. Bitcoin has a natural advantage in mobility that gold will never share as the word seems to be realizing this fact out in the East, along with Chinese funds, moving from banks into bitcoin.Crackdown on Underground Banking in and around China

The official capital controls by the Chinese government dictate that the citizenry can only take US$50,000 out of the country annually, or just 20,000 Yuan or about US$3,200 daily. Businesses can only exchange the Yuan for foreign currency with government approval. This has caused many workarounds, such as considerable real estate investment in the U.S., London, Canada and other locales. Also, the gambling Mecca of Macau is a common destination for those seeking an escape from the grips of The State.Adding the desired amount of funds to you common UnionPay debit card, a Chinese citizen can very easily make a trip to Macau and make a $50,000 purchase work for them. Any number of store clerks and jewelry shops will run a transaction for HK$300,000 (US$50,000) and hand you cash. The receipt would be billed as a “general sale” purchase, and this can be done over and over again. Even Chinese politicians have used these measures themselves to get around the system.This has led to Chinese officials intensifying a crackdown on such “underground banks,” where Chinese nationals shift money in and out of the country to skirt capital controls. Meng Qingfeng, China’s Vice Minister of Public Security, is urging police around the country to better coordinate with the Central Bank in the campaign, which will run through the end of November. Thus, seeing Bitcoin being used more and more as an option instead of these “underground banks” is reasonable to assume, and values may reflect that in the short-term.Plus, new capital controls instituted by the PBOC (People’s Bank of China) started October 15, and that’s precisely when bitcoin values really started heading towards US$300. It requires banks to use a type of financial contract, known as currency forwards, to buy dollars while selling Yuan to set aside reserves with the Central Bank. Under the new requirement, a bank that has sold a total of $100 of the so-called currency forwards over the course of a month must deposit $20 at the Central Bank. The reserves will be held at zero interest for a year.Disintermediation

Now, Bitcoin can be added to the list of options for those in a wealthy, cash-rich Chinese market, erasing so many middlemen and trips out of the mainland.China’s need to keep funds in the country to pump up a weakening domestic market may be indirectly inflating the global Bitcoin market. It is estimated that over US$22 trillion is on deposit in Chinese banks, with it being the second largest economy on Earth. If any fraction of this value moves towards the US$4 billion Bitcoin market, the market force could change the digital currency’s economy forever. China alone can make the price spike of 2013 look like a minor accounting error within a couple of months’ time.For the ardent Bitcoin investor, keep an eye on the financial news and the movement of currencies in the Chinese markets throughout the rest of 2015. They may hold the key to you Bitcoin investments’ financial future.

[raiders72001]

Betting with bitcoins
Betting with bitcoins with a book in a third world rat hole of a country

Nitrogen located in CR with a marketing dept. in Canada.