The future of Bitcoin for Sports Betting

[SBR Natalie]

Bitcoin has been steady the last 2+ weeks which is GREAT news for BTC sports bettors. Check out my video below and tell me what you think:


<iframe width="560" height="330" src="http://www.sportsbookreview.com/video/embed/?videoId=26662" frameborder="0" allowfullscreen=""></iframe>

[jjgold]

Good video but I still think the bit coin is very uncertain due to possible USA regulation moving forward and books not mastering the process yet

[Hareeba!]

Certainly a natural for US gamblers but for the rest of us there's just no need to take that path.

[swordsandtequila]

Good video but I still think the bit coin is very uncertain due to possible USA regulation moving forward and books not mastering the process yet

…and the beat goes on

[SBR Natalie]

Certainly a natural for US gamblers but for the rest of us there's just no need to take that path.

Fair point but what if you have major privacy concerns, does the anonymity appeal to you in that regard?

[jjgold]

Most mainstream USA players are not using it yet

[Hareeba!]

Fair point but what if you have major privacy concerns, does the anonymity appeal to you in that regard?

I don't suffer from any such paranoia. I'm not breaking any laws so have nothing to hide.

[Optional]

Certainly a natural for US gamblers but for the rest of us there's just no need to take that path.

I like to use a couple of books that only use Euros or USDs. The cost of currency conversion is a bit of a killer now. NAB charged me 5.5% on top of the spot rate last foreign wire I got. Think all Aussie banks are upping the premium they charge. To rip off levels. Comm Bank was charging 0.5% when I first started receiving foreign money for web stuff in the 90s.

Even if we don't really 'need' it like the US players do, it's an awesome thing for world commerce in general that is worth supporting. The banks always were a bit of a parasite but with the explosion of regular folks sending/receiving a lot more foreign currency these days they are pigs in the trough feeding off the average customers ignorance of what is fair is reasonable.

[jjgold]

I think some guy still have security concerns with lack due to lack of regulation but others swear by it

[shaunovery]

Prefer to deal in cash you know what you get , Bitcoin a little uncertain with exchange rates etc

[jjgold]

Also the currency fluctuation is a good point you really have to read the rules of the sports book if they count that when you cash out

[capitalist pig]

Fair point but what if you have major privacy concerns, does the anonymity appeal to you in that regard?

If your truly trying to stay 100% off the radar using btc, the only way to do that is using the tor browser with tails, anything less and your coin purchases could be traced if the authorities really wanted to to, i doubt they would but its possible.JMO

later

[Bill Dozer]

What the Bitcoin books like Nitrogen are doing is really impressive. They are kind of like a Tesla motors...not taking over yet but are forcing the rest of the industry to adapt before they become a threat. The ease of use and different take on risk management is even bigger than the currency thing IMO. It's how all players have wanted it. A bet is a bet and the books aren't googling information on players driver licenses or trying to figure out who lives with who. It's more like walking up to the counter at a land sportsbook... Here is my money and this is who I want to bet on. I am the ticket #, not the bettor. The challenge they have now is pulling this off without the huge volume similar to what a -105 books with high limits faces. But the work they are puttin in is clear. We havent seen new sportsbook software in maybe 5 or 8 years? Even Bet365.com serves you a mobile website and then there is Nitrogen with a responsive site that is the same on desktop and mobile.

Its clear players want their balance virtually converted to their favorite currency. Thats where the old school books now taking bitcoin are still in good spot and their biz wont crash if BTC does.

[Stallion]

Cash only, bitcoin isn't even a real currency, it could drop to 0 in an hour.

[tb1984]

What the Bitcoin books like Nitrogen are doing is really impressive. They are kind of like a Tesla motors...not taking over yet but are forcing the rest of the industry to adapt before they become a threat. The ease of use and different take on risk management is even bigger than the currency thing IMO. It's how all players have wanted it. A bet is a bet and the books aren't googling information on players driver licenses or trying to figure out who lives with who. It's more like walking up to the counter at a land sportsbook... Here is my money and this is who I want to bet on. I am the ticket #, not the bettor. The challenge they have now is pulling this off without the huge volume similar to what a -105 books with high limits faces. But the work they are puttin in is clear. We havent seen new sportsbook software in maybe 5 or 8 years? Even Bet365.com serves you a mobile website and then there is Nitrogen with a responsive site that is the same on desktop and mobile.

Its clear players want their balance virtually converted to their favorite currency. Thats where the old school books now taking bitcoin are still in good spot and their biz wont crash if BTC does.

Please tell this to the 5Dimes management, they should improve their Bitcoin withdrawal/deposit process(at least make deposits automatically), and let everyone uses it. Time has changed... I think 5dimes has the biggest number of U.S players, so Bitcoin can save them and players tons of fees. As of now, 5dimes does not care much about Bitcoin, but as soon as U.S cash players figure out Bitcoin, they will not stay at 5dimes.

[TheAntFather]

If your truly trying to stay 100% off the radar using btc, the only way to do that is using the tor browser with tails, anything less and your coin purchases could be traced if the authorities really wanted to to, i doubt they would but its possible.JMO

later

Bingo. Someone who gets it. Also use True Crypt to encrypt your hard drive.

[Buffalo Nickle]

I've got enough problems beating the line. I don't need to gamble on the price of BitCoin too. It will need to stabilize for years before I use it. If it stays around that is likely to happen eventually or it will go away.

If BitCoin ever becomes too mainstream and becomes a useful alternative to currency, it will be killed deader than a Afghan wedding attendee.

[TheAntFather]

What the Bitcoin books like Nitrogen are doing is really impressive. They are kind of like a Tesla motors...not taking over yet but are forcing the rest of the industry to adapt before they become a threat. The ease of use and different take on risk management is even bigger than the currency thing IMO. It's how all players have wanted it. A bet is a bet and the books aren't googling information on players driver licenses or trying to figure out who lives with who. It's more like walking up to the counter at a land sportsbook... Here is my money and this is who I want to bet on. I am the ticket #, not the bettor. The challenge they have now is pulling this off without the huge volume similar to what a -105 books with high limits faces. But the work they are puttin in is clear. We havent seen new sportsbook software in maybe 5 or 8 years? Even Bet365.com serves you a mobile website and then there is Nitrogen with a responsive site that is the same on desktop and mobile.

Its clear players want their balance virtually converted to their favorite currency. Thats where the old school books now taking bitcoin are still in good spot and their biz wont crash if BTC does.

Bingo. Someone else who gets it. I like your analogy on Tesla motors.

[Bill Dozer]

Please tell this to the 5Dimes management, they should improve their Bitcoin withdrawal/deposit process(at least make deposits automatically), and let everyone uses it. Time has changed... I think 5dimes has the biggest number of U.S players, so Bitcoin can save them and players tons of fees. As of now, 5dimes does not care much about Bitcoin, but as soon as U.S cash players figure out Bitcoin, they will not stay at 5dimes.

5dimes has other more important features that keep them from behaving like a bitcoin only book. For one, they take many other methods like *********** which means they dont actually have the money in real time. Its similar to having a poker room where one person deposits with a stolen *********** and dumps to the other method. 5d needs to review all transactions because all the money is in the same spot. 5d will take 100k on a first half and nitrogen is at 4 btc. 5d will let you rebet many times and Nitro has one max bet.
5d is very international and probably the most popular book in canada and climbing in Europe due to their offerings.

[jjgold]

I never realize 5Dimes is the most popular book in Canada

I would think these books cater to where the most customer bases are as far as getting money in and out to players

Bitcoin will never be mainstream in United States as far as sports books because it's just too confusing and American bettors are the most simple type of player in the world

If you throw curveballs at them like bitcoin, or a betting exchange they just cannot grasp the concepts

[tb1984]

5dimes has other more important features that keep them from behaving like a bitcoin only book. For one, they take many other methods like *********** which means they dont actually have the money in real time. Its similar to having a poker room where one person deposits with a stolen *********** and dumps to the other method. 5d needs to review all transactions because all the money is in the same spot. 5d will take 100k on a first half and nitrogen is at 4 btc. 5d will let you rebet many times and Nitro has one max bet.
5d is very international and probably the most popular book in canada and climbing in Europe due to their offerings.

I think you're talking about c-r-e-d-i-t c-a-r-d methods which I agree, that's why I said U.S cash players. But again, at least make deposits automatically like Heritage, and players don't have wait at least one hour for their Bitcoin deposits.

[NoRespect]

for most u.s. players Heritage is the best book to use btc. most of the fear of btc is out of ignorance when depositing and withdrawing at Heritage

[tb1984]

5d is very international and probably the most popular book in canada and climbing in Europe due to their offerings.

I doubt that they can compete with other European books with their current offerings and software. 5dimes does not offer much in terms of game/prop bets variety in the soccer market. And, their current live-in betting software sucks, they had a good one but they stopped it.

[swordsandtequila]

I doubt that they can compete with other European books with their current offerings and software. 5dimes does not offer much in terms of game/prop bets variety in the soccer market. And, their current live-in betting software sucks, they had a good one but they stopped it.

[ttwarrior1]

will be the downfall and biggest scam of all time in the future. Like ive never been wrong on past predictions of gambling things, Im right on this also.

BI said hi, oops they can't

[jjgold]

I doubt that they can compete with other European books with their current offerings and software. 5dimes does not offer much in terms of game/prop bets variety in the soccer market. And, their current live-in betting software sucks, they had a good one but they stopped it.

they can compete with the best prices though other than Betfair and Matchbook

Live betting of course EUROPE is the King and can never be dented..they have unreal programmers and lots of money to invest in technology..I doubt 5 Dimes needs the Euro market

[dynamite140]

Also the currency fluctuation is a good point you really have to read the rules of the sports book if they count that when you cash out

Do you just randomly post useless thoughts in this forum now?

[TheMoneyShot]

SBR Nataile - Always wear your hair down girl. Looks better.

[evo34]

5dimes has other more important features that keep them from behaving like a bitcoin only book. For one, they take many other methods like *********** which means they dont actually have the money in real time. Its similar to having a poker room where one person deposits with a stolen *********** and dumps to the other method. 5d needs to review all transactions because all the money is in the same spot. 5d will take 100k on a first half and nitrogen is at 4 btc. 5d will let you rebet many times and Nitro has one max bet.
5d is very international and probably the most popular book in canada and climbing in Europe due to their offerings.

What level of gambling ineptitude do you have to demonstrate before 5 Dimes will take a $100,000 on a halftime bet? (genuine question). Most people with any shred of skill are quickly limited to $100-$1,000 there, even for NFL full games.

[Unwritten Law]

The dollar can drop to zero faster than bitcoin going to zero.

[jjgold]

offshore books have made a comeback the last few years

players and books making adjustments on deposit and withdrawal options

[seaborneq]

Wondering if Bitcoins is worth a try. I might register for an account to make a withdrawal.

[jjgold]

Wondering if Bitcoins is worth a try. I might register for an account to make a withdrawal.

Its worth a try but needs to be simplified

If regulation takes place USA will be blocked for gambling

[Jayvegas420]

Ilk bet SIA is more popular in Canada than both 5D's & betfair