1. 10-04-16 09:43 AM #106
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,762
    Betpoints: 9149

    Quote Originally Posted by TheMoneyShot View Post

    The promotion is "unlimited bitcoin payouts" for free. You are allowed to constantly reup on that promotion... if you ARE LOSING.

    Why would a book want you to constantly take out your entire bankroll with them... and redeposit for the 100% bonus offer?
    OP did not mention withdrawing. Just constantly depositing.
    Reply With Quote Reply With Quote
  2. 10-04-16 09:45 AM #107
    5918mike
    5918mike's Avatar Become A Pro!
    Join Date: 04-16-14
    Posts: 1,824
    Betpoints: 3026

    Quote Originally Posted by TheMoneyShot View Post
    The promotion is "unlimited bitcoin payouts" for free. You are allowed to constantly reup on that promotion... if you ARE LOSING.

    Why would a book want you to constantly take out your entire bankroll with them... and redeposit for the 100% bonus offer?
    That is exactly what I did and they haven't stopped me or said a word, did the last one yesterday. Deposit $250, play the rollover, withdraw. Rinse and repeat.
    Reply With Quote Reply With Quote
  3. 10-04-16 10:14 AM #108
    asellers07
    asellers07's Avatar Become A Pro!
    Join Date: 02-18-10
    Posts: 8
    Betpoints: 234

    I never cashed out/redeposited. In fact, I've never cashed out on their site, and I've been playing on there all the way back to the early days of Bodog, LOL.
    Reply With Quote Reply With Quote
  4. 10-04-16 10:16 AM #109
    asellers07
    asellers07's Avatar Become A Pro!
    Join Date: 02-18-10
    Posts: 8
    Betpoints: 234

    Quote Originally Posted by 5918mike View Post
    That is exactly what I did and they haven't stopped me or said a word, did the last one yesterday. Deposit $250, play the rollover, withdraw. Rinse and repeat.
    Wow. I never once did this. In fact, I've never cashed out on their site in the 10 years I've been playing on there, so obviously I am a big loser lifetime. I just deposited $7k of my own money, and they restricted me.
    Reply With Quote Reply With Quote
  5. 10-04-16 01:22 PM #110
    temple2010
    temple2010's Avatar Become A Pro!
    Join Date: 03-16-10
    Posts: 1,361
    Betpoints: 4189

    don't know if someone else already wrote this but- why didn't they just make the unlimited amount like $1000 or $2000 instead of $250??? the dude that deposited $7,000 made 28 bitcoin deposits of $250?? lmfao that's great!!
    Reply With Quote Reply With Quote
  6. 10-04-16 01:30 PM #111
    TheMoneyShot
    TheMoneyShot's Avatar Become A Pro!
    Join Date: 02-14-07
    Posts: 28,681
    Betpoints: 23701

    Quote Originally Posted by Optional View Post
    OP did not mention withdrawing. Just constantly depositing.
    I think Bovada's clear marketing plan were 3 things.

    1. 100% Bonus Bitcoin Promo - No book ever did this before that I can recall?

    2. Very short rollover 5X

    3. It was intended for "unlimited bitcoin payouts"


    If you are wagering offshore... and you constantly do what these players are doing.... you wonder why you have hardly any books to choose from anymore?

    It clearly says.... in every "BONUS PROMO" if you abuse the system.... you will have your bonus revoked and or possible acct closed.
    Reply With Quote Reply With Quote
  7. 10-04-16 01:40 PM #112
    Buffalo Nickle
    Buffalo Nickle's Avatar Become A Pro!
    Join Date: 11-12-14
    Posts: 3,228
    Betpoints: 878

    Quote Originally Posted by temple2010 View Post
    don't know if someone else already wrote this but- why didn't they just make the unlimited amount like $1000 or $2000 instead of $250??? the dude that deposited $7,000 made 28 bitcoin deposits of $250?? lmfao that's great!!
    $250 is the key part of their strategy on this bonus. They would not give unlimited otherwise.
    Reply With Quote Reply With Quote
  8. 10-04-16 01:41 PM #113
    Crusherrr
    Please don't feed the trolls
    Crusherrr's Avatar SBR PRO
    Join Date: 06-27-16
    Posts: 3,573
    Betpoints: 13779

    Quote Originally Posted by temple2010 View Post
    don't know if someone else already wrote this but- why didn't they just make the unlimited amount like $1000 or $2000 instead of $250??? the dude that deposited $7,000 made 28 bitcoin deposits of $250?? lmfao that's great!!
    It's a 5x rollover only if you win. If they made it $1,000 and get $1,000 free then place a $2,000 bet there is no rollover if you lose. They must have felt $250 is a fair/obtainable amount for everyone.
    Reply With Quote Reply With Quote
  9. 10-04-16 01:41 PM #114
    Buffalo Nickle
    Buffalo Nickle's Avatar Become A Pro!
    Join Date: 11-12-14
    Posts: 3,228
    Betpoints: 878

    Quote Originally Posted by asellers07 View Post
    Wow. I never once did this. In fact, I've never cashed out on their site in the 10 years I've been playing on there, so obviously I am a big loser lifetime. I just deposited $7k of my own money, and they restricted me.
    if you do not do well on this bonus, I am sure you will get bonuses again.
    Reply With Quote Reply With Quote
  10. 10-04-16 01:56 PM #115
    JAKEPEAVY21
    JAKEPEAVY21's Avatar SBR PRO
    Join Date: 03-11-11
    Posts: 28,174
    Betpoints: 47650

    waiting over 48 hours for bitcoin withdrawal, so lame

    can't stand books that leave money in acct after payout request for days and hope that you dust it

    I will not succumb to the temptation
    Reply With Quote Reply With Quote
  11. 10-04-16 02:31 PM #116
    gauchojake
    Have Some Asthma
    gauchojake's Avatar SBR PRO
    Join Date: 09-17-10
    Posts: 33,724
    Betpoints: 13164

    Quote Originally Posted by JAKEPEAVY21 View Post
    waiting over 48 hours for bitcoin withdrawal, so lame

    can't stand books that leave money in acct after payout request for days and hope that you dust it

    I will not succumb to the temptation
    They processed my request in 2 days. Not lightning fast but not bad. Leaving the money in your account is dirty pool but whatever. You just have to understand who you are doing business with.
    Reply With Quote Reply With Quote
  12. 10-04-16 02:48 PM #117
    downsouth
    Bobbywaves is a stiff
    downsouth's Avatar Become A Pro!
    Join Date: 01-13-11
    Posts: 11,579
    Betpoints: 25117

    Quote Originally Posted by asellers07 View Post
    I had a similar experience. Deposit ~7k via bitcoin the past 10 days or so, $250 at a time. Woke up this morning to see this message:

    Account Status
    This is a quick note letting you know that after careful deliberation and investigation, our Investigations team has decided to remove bonus eligibility from your account. The way the 100% Bitcoin Kickoff Bonus was being taken advantage of is explicitly against our terms of use. We assure you we didn't make this decision in haste.

    It looks like they have removed the 100% Unlimited Bitcoin promo from my Available Bonuses, but my previous bonuses are still there. At first I was thinking they had revoked all of my bonuses, but it looks like they are honoring them, and I have lost eligibility for any future deposits. Is this the case? I just want to make sure my bonuses aren't taken away. I don't care about depositing any more, I was done depositing anyways.
    This is why great bonuses are generally a thing of the past. Couldn't just pop it for a dime maybe even 2. Nope $7k.
    Reply With Quote Reply With Quote
  13. 10-04-16 02:50 PM #118
    JAKEPEAVY21
    JAKEPEAVY21's Avatar SBR PRO
    Join Date: 03-11-11
    Posts: 28,174
    Betpoints: 47650

    Quote Originally Posted by gauchojake View Post
    They processed my request in 2 days. Not lightning fast but not bad. Leaving the money in your account is dirty pool but whatever. You just have to understand who you are doing business with.
    ya

    just annoying
    Reply With Quote Reply With Quote
  14. 10-04-16 03:18 PM #119
    downsouth
    Bobbywaves is a stiff
    downsouth's Avatar Become A Pro!
    Join Date: 01-13-11
    Posts: 11,579
    Betpoints: 25117

    Quote Originally Posted by JAKEPEAVY21 View Post
    ya

    just annoying

    Come on now, you know it would take all of 2-3 minutes of actual labor to achieve.
    Reply With Quote Reply With Quote
  15. 10-04-16 04:07 PM #120
    JAKEPEAVY21
    JAKEPEAVY21's Avatar SBR PRO
    Join Date: 03-11-11
    Posts: 28,174
    Betpoints: 47650

    Quote Originally Posted by downsouth View Post
    Come on now, you know it would take all of 2-3 minutes of actual labor to achieve.
    they finally decided to click a few buttons..payment received

    made a killing with this bonus in conjunction with the 50% cash at betdsi
    Reply With Quote Reply With Quote
  16. 10-04-16 07:07 PM #121
    5918mike
    5918mike's Avatar Become A Pro!
    Join Date: 04-16-14
    Posts: 1,824
    Betpoints: 3026

    And it's not a typical FP bonus that most use.
    Reply With Quote Reply With Quote
  17. 10-04-16 07:27 PM #122
    luctens
    luctens's Avatar Become A Pro!
    Join Date: 07-04-16
    Posts: 521
    Betpoints: 724

    Quote Originally Posted by downsouth View Post
    This is why great bonuses are generally a thing of the past. Couldn't just pop it for a dime maybe even 2. Nope $7k.
    Well if a bookmaker says the bonus is unlimited then what do you think some players are going to do? Use it to the max of course. And who decides what is defined as "abusing the system"? The bonus said unlimited and the guy was doing as many deposits as possible to take advantage of an unlimited bonus, it was all under his account and nobody else's, and everything he was doing was as per the terms and conditions, so that's in no way "bonus abuse" whatsoever. The only way it would have been that the player would be in the wrong is if it was a situation similar to if for example if it was a one-time offer and he was doing deposits from other accounts in other people's names in order to take advantage of the bonus more than once when he was only entitled to it once himself, if he was doing something like that then it would be against the terms of the promotion, but what the player did wasn't against the terms of the promotion at all. It said that you could deposit from your account an unlimited amount of times and all of those deposits would qualify for the promotion, and that's what he did, and there absolutely nothing wrong with that at all.

    The simple thing is that if Bovada only wanted players to take the bonus for $2k or whatever, just offer a one-time 100% up to $2k bonus, or just offer the 100% up to $250 but only make it valid for eight $250 deposits after which the bonus ends for that player. They did nothing of the sort, so they opened themselves up to players making an unlimited amount of deposits, as per the terms of the promotion that Bovada wrote themselves.

    If they don't like players doing that, then they shouldn't have wrote the terms the way they wrote them. It is stupid for any bookmaker to say that a bonus has been "taken advantage of", when the player didn't break any rules at all. The bookmaker holds all the aces and decides the terms of the promotion for goodness sake, so if a player proceeds to go with that promotion to the letter of those terms, then they shouldn't be penalised whatsoever, it's as simple as that.

    There is absolutely nothing wrong whatsoever with the player simply playing by the rules, of which those rules were clearly set out by the bookmaker themselves in the first place for goodness sake, so if the bookmaker didn't like the way they wrote the rules, then it's the bookmaker's fault for not writing the terms of the promotion the way they would have liked them, and the player is not at any fault whatsoever as all the player has done is simply complied with the terms of the promotion that the bookmaker has put in front of them.
    Last edited by luctens; 10-04-16 at 07:39 PM.
    Reply With Quote Reply With Quote
  18. 10-05-16 01:06 AM #123
    asellers07
    asellers07's Avatar Become A Pro!
    Join Date: 02-18-10
    Posts: 8
    Betpoints: 234

    Quote Originally Posted by luctens View Post
    Well if a bookmaker says the bonus is unlimited then what do you think some players are going to do? Use it to the max of course. And who decides what is defined as "abusing the system"? The bonus said unlimited and the guy was doing as many deposits as possible to take advantage of an unlimited bonus, it was all under his account and nobody else's, and everything he was doing was as per the terms and conditions, so that's in no way "bonus abuse" whatsoever. The only way it would have been that the player would be in the wrong is if it was a situation similar to if for example if it was a one-time offer and he was doing deposits from other accounts in other people's names in order to take advantage of the bonus more than once when he was only entitled to it once himself, if he was doing something like that then it would be against the terms of the promotion, but what the player did wasn't against the terms of the promotion at all. It said that you could deposit from your account an unlimited amount of times and all of those deposits would qualify for the promotion, and that's what he did, and there absolutely nothing wrong with that at all.

    The simple thing is that if Bovada only wanted players to take the bonus for $2k or whatever, just offer a one-time 100% up to $2k bonus, or just offer the 100% up to $250 but only make it valid for eight $250 deposits after which the bonus ends for that player. They did nothing of the sort, so they opened themselves up to players making an unlimited amount of deposits, as per the terms of the promotion that Bovada wrote themselves.

    If they don't like players doing that, then they shouldn't have wrote the terms the way they wrote them. It is stupid for any bookmaker to say that a bonus has been "taken advantage of", when the player didn't break any rules at all. The bookmaker holds all the aces and decides the terms of the promotion for goodness sake, so if a player proceeds to go with that promotion to the letter of those terms, then they shouldn't be penalised whatsoever, it's as simple as that.

    There is absolutely nothing wrong whatsoever with the player simply playing by the rules, of which those rules were clearly set out by the bookmaker themselves in the first place for goodness sake, so if the bookmaker didn't like the way they wrote the rules, then it's the bookmaker's fault for not writing the terms of the promotion the way they would have liked them, and the player is not at any fault whatsoever as all the player has done is simply complied with the terms of the promotion that the bookmaker has put in front of them.
    Thank you! Finally someone with some sense. Not to mention that I had spoken to 4 or 5 different Bovada representatives and I was completely transparent in what I was doing, and every single one of them told me I was in compliance with the terms of this promotion. Sounds like a bunch of bitter wash-ups in this thread... I can't believe they are sympathizing with the sportsbook in a situation like this. Sad!
    Reply With Quote Reply With Quote
  19. 10-05-16 11:54 AM #124
    Bryan T
    Bryan T's Avatar Become A Pro!
    Join Date: 01-12-12
    Posts: 93
    Betpoints: 1788

    They shouldnt disable bonus's they offer. joke
    Last edited by Bryan T; 10-05-16 at 12:08 PM. Reason: dont care any more
    Reply With Quote Reply With Quote
  20. 10-05-16 12:54 PM #125
    downsouth
    Bobbywaves is a stiff
    downsouth's Avatar Become A Pro!
    Join Date: 01-13-11
    Posts: 11,579
    Betpoints: 25117

    Quote Originally Posted by asellers07 View Post
    Thank you! Finally someone with some sense. Not to mention that I had spoken to 4 or 5 different Bovada representatives and I was completely transparent in what I was doing, and every single one of them told me I was in compliance with the terms of this promotion. Sounds like a bunch of bitter wash-ups in this thread... I can't believe they are sympathizing with the sportsbook in a situation like this. Sad!

    Not bitter nor washed up. My point was that what you did is the reason books don't generally offer these types of promo any longer. They used to be often years ago but are very rare nowadays. The unlimited part Im sure was for those who busted out or even wanted to stack a few on top of each other, not 28 or whatever. And not sympathizing with book, just stating fact.
    Reply With Quote Reply With Quote
  21. 10-05-16 01:10 PM #126
    Buffalo Nickle
    Buffalo Nickle's Avatar Become A Pro!
    Join Date: 11-12-14
    Posts: 3,228
    Betpoints: 878

    It is fair game both ways. Bovada does not have to give anybody a bonus. If they give one, a person can take as many as Bovada will allow. If they allow unlimited, they are free to deposit as many times as Bovada will allow. They allowed 28. They said that was enough for a lifetime. That is their option.

    They gave unlimited to let people do several transfers without making it a specific amount because different people have different abilities to transfer bitcoin.

    Obviously, some people are going to try to take full advantage and it is up to Bovada to set a limit.
    Reply With Quote Reply With Quote
  22. 10-05-16 04:51 PM #127
    5918mike
    5918mike's Avatar Become A Pro!
    Join Date: 04-16-14
    Posts: 1,824
    Betpoints: 3026

    It's certainly the risk both sides run here, we all know the books can shut us down any time they want to. If I want to play with a bonus I always ask a book for what I want, they can always say no and I move on or accept what they offer. I've been getting a lot of calls from other books while the Bovada bonus was going on, I've told them I have a better option and if they were happy to offer the same I would make a deposit, not one bit.
    Reply With Quote Reply With Quote
  23. 10-05-16 08:42 PM #128
    cincy
    cincy's Avatar Become A Pro!
    Join Date: 09-30-07
    Posts: 403
    Betpoints: 1224

    It is disappointing that bovada would restrict bonuses for players that deposited for the unlimited bitcoin deposit promo when bovada told the players it was fine to make many deposits. However, I do think it is reasonable for bovada to restrict bonuses for players that did the daily deposits and withdrawals since this seems like bonus abuse based on their terms.
    Reply With Quote Reply With Quote
  24. 10-06-16 06:14 AM #129
    asellers07
    asellers07's Avatar Become A Pro!
    Join Date: 02-18-10
    Posts: 8
    Betpoints: 234

    Quote Originally Posted by cincy View Post
    It is disappointing that bovada would restrict bonuses for players that deposited for the unlimited bitcoin deposit promo when bovada told the players it was fine to make many deposits. However, I do think it is reasonable for bovada to restrict bonuses for players that did the daily deposits and withdrawals since this seems like bonus abuse based on their terms.
    Agree, but I never made a single withdrawal, and still haven't. Apparently I am the only one who has had this problem. All I did was make deposits, and they made my account ineligible for any more bonuses. I understand, it is reasonable on their part because I could have gotten them for a lot of money in expected value, but they were the ones offering the unlimited promotion, and I was told by 4 or 5 different Bovada reps that I was well within their terms and conditions while making the deposits.
    Reply With Quote Reply With Quote
  25. 10-06-16 08:13 AM #130
    HedgeHog
    HedgeHog's Avatar SBR PRO
    Join Date: 09-11-07
    Posts: 10,116
    Betpoints: 16973

    Quote Originally Posted by asellers07 View Post
    Agree, but I never made a single withdrawal, and still haven't. Apparently I am the only one who has had this problem. All I did was make deposits, and they made my account ineligible for any more bonuses. I understand, it is reasonable on their part because I could have gotten them for a lot of money in expected value, but they were the ones offering the unlimited promotion, and I was told by 4 or 5 different Bovada reps that I was well within their terms and conditions while making the deposits.
    Happened to me too. Multiple deposits w/o requesting a withdrawal and now cut off from future bonuses. I got the same canned email about bonus abuse, but did nothing wrong except maybe going on a winning streak at the end.
    Reply With Quote Reply With Quote
  26. 10-06-16 03:36 PM #131
    Euphoria38
    Euphoria38's Avatar Become A Pro!
    Join Date: 09-04-08
    Posts: 1,188
    Betpoints: 114

    Sigh, not for me anymore.
    Reply With Quote Reply With Quote
  27. 10-10-16 03:43 PM #132
    cincy
    cincy's Avatar Become A Pro!
    Join Date: 09-30-07
    Posts: 403
    Betpoints: 1224

    Does anyone else notice that all the bets do not seem to count for the rollover. when i check my transactions it says bonus released to cash after most settled wagers but some do not say this. I thought all bets count towards rollover?
    Reply With Quote Reply With Quote
  28. 10-10-16 03:49 PM #133
    temple2010
    temple2010's Avatar Become A Pro!
    Join Date: 03-16-10
    Posts: 1,361
    Betpoints: 4189

    Quote Originally Posted by cincy View Post
    Does anyone else notice that all the bets do not seem to count for the rollover. when i check my transactions it says bonus released to cash after most settled wagers but some do not say this. I thought all bets count towards rollover?
    i would just keep track of the rollover yourself unless its too complicated, meaning you made a lot of deposits etc. once you get to your target everything should be ok. that's what i do at least and everything turns out to be correct. their charts on the bonuses sometimes seem weird i know.
    Reply With Quote Reply With Quote
  29. 10-10-16 04:04 PM #134
    cincy
    cincy's Avatar Become A Pro!
    Join Date: 09-30-07
    Posts: 403
    Betpoints: 1224

    yeah, bovada is an A rated book so I don't think they would play games with rollovers
    Reply With Quote Reply With Quote
  30. 10-10-16 04:11 PM #135
    Buffalo Nickle
    Buffalo Nickle's Avatar Become A Pro!
    Join Date: 11-12-14
    Posts: 3,228
    Betpoints: 878

    Quote Originally Posted by cincy View Post
    Does anyone else notice that all the bets do not seem to count for the rollover. when i check my transactions it says bonus released to cash after most settled wagers but some do not say this. I thought all bets count towards rollover?
    If you complete rollover on one day, any additional bets do not count toward rollover that day. The rollover starts the next day on the next bonus. Also, if you bust out on the deposit on one bonus, you will have to meet rollover on that deposit before any additional bets start to count for the next rollover. That's a couple of little tricks they have for this bonus.
    Reply With Quote Reply With Quote
  31. 10-15-16 04:11 PM #136
    cincy
    cincy's Avatar Become A Pro!
    Join Date: 09-30-07
    Posts: 403
    Betpoints: 1224

    Bovada told me all wagers count towards the rollover (see below) which makes sense and is consistent with the rules of the promotion and I am sure they will honor this being an A rated sportsbook.

    Youare correct that all wagers count towards the rollover of the 100% FootballKickoff Bonus! Unlimited Bitcoin for any sports in the Sports channel; however,if your wagers were cancelled, refunded or tied, these would not contribute toit.>>>>
    >>>>
    Thisbonus also has a playthrough of 5X Horses/ Sports or 25X Casino onthe deposit bonus plus amount; certain Casino games may have agreater contribution than others.>>>>
    Reply With Quote Reply With Quote
  32. 10-15-16 04:46 PM #137
    Buffalo Nickle
    Buffalo Nickle's Avatar Become A Pro!
    Join Date: 11-12-14
    Posts: 3,228
    Betpoints: 878

    Quote Originally Posted by cincy View Post
    Bovada told me all wagers count towards the rollover (see below) which makes sense and is consistent with the rules of the promotion and I am sure they will honor this being an A rated sportsbook.

    Youare correct that all wagers count towards the rollover of the 100% FootballKickoff Bonus! Unlimited Bitcoin for any sports in the Sports channel; however,if your wagers were cancelled, refunded or tied, these would not contribute toit.<u2></u2><o></o>
    <u2></u2><o></o>
    Thisbonus also has a playthrough of 5X Horses/ Sports or 25X Casino onthe deposit bonus plus amount; certain Casino games may have agreater contribution than others.<u2></u2><o></o>
    Wrong info. Not unusual.
    Reply With Quote Reply With Quote
First 1234
Top
« Previous Thread | Bitcoin Sports Betting | Next Thread »