I don't see the benefit of BITCOIN for depositing in sportsbooks

[Buffalo Nickle]

I'm new to using it so maybe doing some things wrong

-Bought some with a prepaid card, ridiculous fees like 3%

-Then got charged transaction fees

-The books don't cover these charges

-Their bitcoin price quote (the book's) always seems to be below the price I bought it for

-Supposed to be instant, but if you use blockchain like recommended it sure isn't

-Low weekly limit using a card. Can buy using bank account but the first purchase isn't approved for 8 days? And then it still takes days on purchases after that? Do they at least give you the price you bought it at or the price when they get your funds?

I feel like I'm losing a piece everywhere I turn with this method

That is because there isn't any. Depositing with a CC is the better option in most cases especially if you do not pay an international transaction fee. But bitcoin is convenient and if it were not for the transaction delays would be more useful.

There are some great bonuses to be had with bitcoin which is the reason to use it.

Otherwise, I use the other methods for deposit and cash outs. Bitcoin can be very expensive to deal with but a lot of people use it for the convenience. A lot of people are also -EV.

[5918mike]

What other options do you have? If you have one that is better than use it but my advice would be to learn BTC and have it in place because it is becoming or already is the preferred method for both deposit and payout at most books.

[5918mike]

There are some great bonuses to be had with bitcoin which is the reason to use it.

I'm finding some books kicking the bonuses up when they need bitcoin, 100% -150% is becoming common again.

[littlekona]

I'm new to using it so maybe doing some things wrong

-Bought some with a prepaid card, ridiculous fees like 3%

-Then got charged transaction fees

-The books don't cover these charges

-Their bitcoin price quote (the book's) always seems to be below the price I bought it for

-Supposed to be instant, but if you use blockchain like recommended it sure isn't

-Low weekly limit using a card. Can buy using bank account but the first purchase isn't approved for 8 days? And then it still takes days on purchases after that? Do they at least give you the price you bought it at or the price when they get your funds?

I feel like I'm losing a piece everywhere I turn with this method

takes a while but Once you figure out the best ways and research all the different outlets that offer BTC buy and sell its basically like being in Vegas and having access to your funds anytime you want them...So what there is a small fee buying that can be made up if its that important to you by using peer to peer to sell and you can make a profit...The convenience of having a VEGAS casino in my home is well worth the few percent I may lose buying...If I drove to the casino just my expenses getting there and cost associated with the day adds up to be more...BTC is awsome!!!

[snider]

Who wouldn't want bitcoin right now the way it's going? Play nitrogen and your money grows like a weed awaiting your next play.

[dlowilly]

I'm finding some books kicking the bonuses up when they need bitcoin, 100% -150% is becoming common again.

Where is this?

[dlowilly]

Example of what i am talking about

I deposited over a week ago to 5dimes and the it went through in a bout 20 minutes. The deposit was less than what I sent but that could be due to the different exchange they go by or whatever.

I sent another deposit yesterday late afternoon. It was just received early this morning. It was less than what I sent. There is no stinking way, after how much bitcoin has gone up, that the deposit should be less, no matter what exchange you are going by. It went up 4-5% in that time period. Joke

[Optional]

I just made a btc deposit at 5Dimes which was credited within 5 mins and was only 70 cents different to what blockchain said what I sent was worth.

[Buffalo Nickle]

Example of what i am talking about

I deposited over a week ago to 5dimes and the it went through in a bout 20 minutes. The deposit was less than what I sent but that could be due to the different exchange they go by or whatever.

I sent another deposit yesterday late afternoon. It was just received early this morning. It was less than what I sent. There is no stinking way, after how much bitcoin has gone up, that the deposit should be less, no matter what exchange you are going by. It went up 4-5% in that time period. Joke

That's the trouble with it. You don't know how long you are going to have to hold it and it bounces around like an internet stock. BOL has a very good setup and you take no risk. Some of the bigger books you can deposit better than the smaller books where they leave you hanging.

Best to avoid it if possible if you are an infrequent depositor. If you are depositing and withdrawing all the time as many here do, you will probably even out.

[dlowilly]

I just made a btc deposit at 5Dimes which was credited within 5 mins and was only 70 cents different to what blockchain said what I sent was worth.

I'm jealous. Is it ever more?

[5918mike]

Where is this?

Jazzsports was the latest. 100% FP and an extra 10% cash. Betmania gave me 200% on 4/21, Youwager was 100% on 4/14, Betus was 100% with a wagerback on 4/9. Sometimes you have to ask though.

[dlowilly]

Jazzsports was the latest. 100% FP and an extra 10% cash. Betmania gave me 200% on 4/21, Youwager was 100% on 4/14, Betus was 100% with a wagerback on 4/9. Sometimes you have to ask though.

ok thanks

[Optional]

I'm jealous. Is it ever more?

I don't know if I have just been lucky but it's always been like that at 5D and Betonline for me. Minutes to hit and the amount I expect. I guess it's been 1 or 2 dollars short occasionally but usually not even that.

I always send to them from blockchain and am only ever comparing the displayed rate there to what I end up with.

[Buffalo Nickle]

I don't know if I have just been lucky but it's always been like that at 5D and Betonline for me. Minutes to hit and the amount I expect. I guess it's been 1 or 2 dollars short occasionally but usually not even that.

I always send to them from blockchain and am only ever comparing the displayed rate there to what I end up with.

BOL guarantees price so you cannot lose if you send within 15 minutes even without a confirmation from what I have seen. Probably have had a lucky run with 5Dimes.

[5918mike]

Where is this?

Add Bookmaker, 50% cash or 100% FP on bitcoin deposits this week.

[Smoke]

Jazz sports, you wager, betus.... lol

I guess bovada ain't so bad after all

[dlowilly]

Add Bookmaker, 50% cash or 100% FP on bitcoin deposits this week.

you're talking about signup bonuses, correct?

[The Giant]

you're talking about signup bonuses, correct?

I would assume so.

[jjgold]

Lowilly tremendous thread


Lots of good material in here


Bitcoin currently way to go

[bearjew]

Why would you even buy bitcoin instead of trading it? If you use an exchange house (CEX-Kraken, etc) you can trade it in the active market and the fee is $0.26 up to $3. Kinda like day-trading. I don't really see why books should cover transaction fees, it's completely 3rd party it is just how it works and we are stuck with it. Just run a debit card if you are complaining about $3. BTC has completely changed how offshore gaming works. You can have really high limits with the exchange houses once you verify with them (took me 2 hours to verify with CEX.io after sending photos and filling out the forms).

[BuckyOne]

I agree with bearjew. Kraken fills fast - and low fees - not sure if they can have a Mt. Gox if a lot of us are holding in USD and other currencies.

[Mac4Lyfe]

Why would you even buy bitcoin instead of trading it? If you use an exchange house (CEX-Kraken, etc) you can trade it in the active market and the fee is $0.26 up to $3. Kinda like day-trading. I don't really see why books should cover transaction fees, it's completely 3rd party it is just how it works and we are stuck with it. Just run a debit card if you are complaining about $3. BTC has completely changed how offshore gaming works. You can have really high limits with the exchange houses once you verify with them (took me 2 hours to verify with CEX.io after sending photos and filling out the forms).

Are you in the US?

[Smoke]

Guys worried about $5 fees lol

Fukk outta here

5 years ago you would be shitting your boxer briefs

[Shute]

Didn't read the thread. Cash. Local.

[5918mike]

Jazz sports, you wager, betus.... lol
I guess bovada ain't so bad after all

I use many of them, also 5d, betonline, bovada, heritage, DSI

[5918mike]

you're talking about signup bonuses, correct?

Absolutely not, I'm long past sign up bonuses. This is from the latest email I got from bookmaker,

This weeks deposit offers

All Players: 50% CASH or 100% Free Play on every Bitcoin deposit. Claim offer directly in cashier. Usually when I am ready to make another deposit I start calling / email/ chat them telling them I have a $500 bitcoin deposit and what kind of bonus can I get, someone will always step up with a good offer. If you are in the bonus game, bitcoin is a must.

[dlowilly]

Absolutely not, I'm long past sign up bonuses. This is from the latest email I got from bookmaker,

This weeks deposit offers

All Players: 50% CASH or 100% Free Play on every Bitcoin deposit. Claim offer directly in cashier. Usually when I am ready to make another deposit I start calling / email/ chat them telling them I have a $500 bitcoin deposit and what kind of bonus can I get, someone will always step up with a good offer. If you are in the bonus game, bitcoin is a must.

There's something fishy about that

Just got off chat with bookmaker:

Please wait for a site operator to respond.
You are now chatting with 'Julian'
Julian: Welcome to our Live Chat Department. My name is Julian. How may I be of assistance?
dlowilly: hi do you have any special bonuses for depositing with bitcoin?
Julian: Hello!
Julian: I would be more than glad to assist you with that!
Julian: How much are you looking to deposit?
dlowilly: 500 to 1000
Julian: I'm sorry but we only have House Bonuses available at the time.
dlowilly: what if i deposited more
Julian: We only have House Bonuses available at the moment.
dlowilly: ok

[5918mike]

That sucks, I took a look at the email again and the subject only says, "The Kentucky Derby is Saturday". Maybe it only went out to select accounts? Tell them you got the Kentucky Derby email and you'd like to take the 50% cash or 100% FP bonus, see what they say to that?

I logged in to check my bitcoin cashier page and it wasn't there either so I would have to call them and tell them about the email as well.

[Sam Odom]

just reup with Bookmaker... have not done so in a good while - been lucky there

saw where they will take $25K by bitcoin

still KING

[ronald]

Hints please?

There is information all over this forum to answer your questions.

Maybe a better use of your time would be to do your research instead of playing in dozens of SBR poker tourneys with other fleas like JAKEPEAVY in hopes of one day winning a pizza.

I bet you voted for Clinton, and Obama.

[dlowilly]

There is information all over this forum to answer your questions.

Maybe a better use of your time would be to do your research instead of playing in dozens of SBR poker tourneys with other fleas like JAKEPEAVY in hopes of one day winning a pizza.

I bet you voted for Clinton, and Obama.

Wow, hold a grudge much? And no I did not vote for either of them, and this is an internet gambling forum, not the job market so settle down.

Sheesh so many haters on here. When you're not pro you're made fun of for being a brokedik. Go pro and get points then ur made fun of for succeeding at poker.