BTCSportsBet, the Bitcoin sportsbook which was the subject of SBR's advisory video report Friday, has declined comment to SBR since the report's publication. BTCSportsBet refused to pay 8 BTC (valued at $6,700 at the time) in winnings from four wagers. The wagers were placed at valid market odds and were not entered late.
BTCSportsBet has claimed to be the largest and oldest sportsbook of its kind - an assertion that has been rejected by at least one bitcoin betting reviews site.
"They are definitely not the biggest, that is bitbook. I never affiliated with them as they did not look like a good option for players compared to the top places," the site manager noted on condition of anonymity.
BTCSportsBet's web server resolves to Germany, although no public address or even headquarters location is made available through their website. The transaction wallet is proprietary software coded in PHP and JSON. The betting software used to display lines and accept wagers is unknown but presumed to also be proprietary.
A standard wager ticket appears as following on the BTCSportsBet website:
SBR welcomes feedback from readers who might have information on the betting software being used by BTCSportsBet.
BTCSportsBet, bitcoin sportsbook, steals $6,700 in player winnings is the complaint cited in this article. Prior to this publication, BTCSportsBet traded a few contentiously worded messages with SBR suggesting that their reputation within the bitcoin community was strong enough to overcome any PR damage caused by the report. That theory has already been put to test as the player who was shorted $6,700 has aired his grievance at BitCoinTalk.org, a forum BTC Sports Bet previously advertised their service in.
Watch the SBR video concerning the winnings theft:
SBR is in the process of creating a bitcoin section on Sportsbook Review.com. BTC Sports Bet has been added to the SBR Sportsbook Blacklist at the mark of F.
Users who wish to discuss BTCSportsBet may do so at the SBR Forum.
Follow SportsbookReview.com on twitter. SBR has been the leading online sportsbook industry watchdog since 1999. Players in need of assistance should submit a sportsbook complaint form. Players with general questions may also contact SBR by writing to firstname.lastname@example.org.