Men You Can Now Buy Bitcoin at The SBR Store!!!

[JAKEPEAVY21]

Oh sh!t....did I do something stupid or wrong?

Should have known it wasn't that easy. I'm off to find an underground dude to change my identity.

coinbase will shut you down if you send directly to sportsbooks or gambling sites. You need to have an intermediary wallet to fund any gambling sites.

[khicks26]

coinbase will shut you down if you send directly to sportsbooks or gambling sites. You need to have an intermediary wallet to fund any gambling sites.

So how long before the government comes in & shuts down the intermediary wallets?

[terpkeg]

coinbase will shut you down if you send directly to sportsbooks or gambling sites. You need to have an intermediary wallet to fund any gambling sites.

How would coinbase know that the address you send coins to is controlled by someone in the industry? I have been transferring this way for several years.

[moojoo]

Cant compare btc pure cash and sportsbook cash with 5xRollOver.

[R40]

If Sportsbook cash has a 5x rollover your value is reduced about 30%. At present, it looks like bitcoin payments are about 60% of sportsbook cash so sportsbook cash is a slightly better value. But then you do not have to go through everything you do with sportsbook cash so I would prefer the bitcoin payout at the present redemption rate.

[JAKEPEAVY21]

So how long before the government comes in & shuts down the intermediary wallets?

not sure how they could swing that when bitcoin and cryptocurrencies are used by numerous countries worldwide.

How would coinbase know that the address you send coins to is controlled by someone in the industry? I have been transferring this way for several years.

just what I've heard happen to some others on the forums

[khicks26]

not sure how they could swing that when bitcoin and cryptocurrencies are used by numerous countries worldwide.

just what I've heard happen to some others on the forums

So is US currency. Got burned for about 1K in the 08 poker shutdown.

[RoyBacon]

So to use BTC from the store. You need a Coinbase account & a Blockchian account? The store will send the BTC to your Coinbase account & you then send it to your Blockchain account? Then you can send it to a Book? Is this correct?

Yes. Correct.

[khicks26]

Yes. Correct.

Thanks Bros!

[grease lightnin]

How would coinbase know that the address you send coins to is controlled by someone in the industry? I have been transferring this way for several years.

From what I understand, if the book uses a new address for every transaction, you will be fine. But if they don't, and coinbase sees a shitload of transfers to/from 1 address, and you can't eaxplain, then they assume it is shady and ban you.

[sweep]

This gives a whole new meaning to the term " broke dikk fukk"

this thread should be SBRPRO only

[JAKEPEAVY21]

So is US currency. Got burned for about 1K in the 08 poker shutdown.

everything in life is a gamble, you could die crossing the street.

[sweep]

So is US currency. Got burned for about 1K in the 08 poker shutdown.

consider yourself lucky..im out 5 figures

[khicks26]

everything in life is a gamble, you could die crossing the street.

Very true. That's why I would mostly just use betpoints to fund the account.

Did you get hit in 08 as well. I remember your user name from the poker tables & some of the poker forums. Also remember playing with TT warrior as well.

[JAKEPEAVY21]

Very true. That's why I would mostly just use betpoints to fund the account.

Did you get hit in 08 as well. I remember your user name from the poker tables & some of the poker forums. Also remember playing with TT warrior as well.

no thankfully I had no money on full tilt or absolute poker at the time. I had some at pokerstars but was able to get that quickly.

[Sam Losco]

basic math 101 for international members (including canucks)
======================================== =======

$100 sportsbook cash ...................... 1500 pts

$100 bitcoin purchase...................... 3300 pts

thats good, but some people still may take the BC option if given to them at those prices. bills come before bets, and cash is king

[khicks26]

consider yourself lucky..im out 5 figures

I do. Sorry for your lose, the whole thing was BS. I was also cashing in my Full Tilt points for a 50 inch TV at the time. Had the order placed at the time of the bust. Never got the TV

[khicks26]

no thankfully I had no money on full tilt or absolute poker at the time. I had some at pokerstars but was able to get that quickly.

Yeah Stars was good about that. I also got my money from Stars pretty fast.

[Optional]

Oh sh!t....did I do something stupid or wrong?

Should have known it wasn't that easy. I'm off to find an underground dude to change my identity.

No, you just did the 'normal' thing lots of people do.

Coinbase ban the use of funds bought or sold there to go/come from a gambling site.

They have banned quite a few accounts in the past.

Basically, use blockchain.info/wallet at the place to receive bitcoin from books or SBR or anything gambling related... and only send it on to Coinbase from there if you are wanting to change it for US$ to cashout.


Truth is that the system has changed to the point that Coinbase 'probably' can't link wallet addresses to books any more... and they havent banned anyone in quite a while. But still the advice is to not flout their rules when we dont need to.

So to use BTC from the store. You need a Coinbase account & a Blockchian account? The store will send the BTC to your Coinbase account & you then send it to your Blockchain account? Then you can send it to a Book? Is this correct?

You sound like you have an extra step in there for no reason.

Buy from SBR and send to a private wallet (blockchain.info/wallet or maybe an Electrum desktop wallet)... after that you can either send it to a book as a depsoit, or send it to somewhere like Coinbase to sell it and cash out for US$.

[mpaschal34]

Thanks for the info JP21 and Opti. It wasn't that much money so the odds of me getting enough to cash out are slim.

Guess I can put the stop to my Ron Mexico drivers license.

[khicks26]

No, you just did the 'normal' thing lots of people do.

Coinbase ban the use of funds bought or sold there to go/come from a gambling site.

They have banned quite a few accounts in the past.

Basically, use blockchain.info/wallet at the place to receive bitcoin from books or SBR or anything gambling related... and only send it on to Coinbase from there if you are wanting to change it for US$ to cashout.


Truth is that the system has changed to the point that Coinbase 'probably' can't link wallet addresses to books any more... and they havent banned anyone in quite a while. But still the advice is to not flout their rules when we dont need to.



You sound like you have an extra step in there for no reason.

Buy from SBR and send to a private wallet (blockchain.info/wallet or maybe an Electrum desktop wallet)... after that you can either send it to a book as a depsoit, or send it to somewhere like Coinbase to sell it and cash out for US$.

So SBR sends the BTC to your BlockChian wallet? But to get any winnings you need Coinbase?

[milwaukee mike]

No, you just did the 'normal' thing lots of people do.

Coinbase ban the use of funds bought or sold there to go/come from a gambling site.

They have banned quite a few accounts in the past.

Basically, use blockchain.info/wallet at the place to receive bitcoin from books or SBR or anything gambling related... and only send it on to Coinbase from there if you are wanting to change it for US$ to cashout.


Truth is that the system has changed to the point that Coinbase 'probably' can't link wallet addresses to books any more... and they havent banned anyone in quite a while. But still the advice is to not flout their rules when we dont need to.



You sound like you have an extra step in there for no reason.

Buy from SBR and send to a private wallet (blockchain.info/wallet or maybe an Electrum desktop wallet)... after that you can either send it to a book as a depsoit, or send it to somewhere like Coinbase to sell it and cash out for US$.

yeah i wouldn't worry too much about an extra step every time... if someone gets banned from coinbase they could just use kraken

or gemini

etc etc etc

look at all the people that wasted that extra step with circle... and then circle quit bitcoin anyway, what a waste of time and effort for nothing

[milwaukee mike]

So SBR sends the BTC to your BlockChian wallet? But to get any winnings you need Coinbase?

if you don't know what you're doing (like me)... just get a receiving address on coinbase and send it to that

no reason to get paranoid over 1 transaction

[MeanPeopleSuck]

Are you really suggesting trying to scam SBR here?

I hope I am misunderstanding.

Scam? Are you kidding me?

Are you seriously saying you're discriminating against non US players ON PURPOSE?

What's the logic behind that, that we're superior to them because we happen to live in the USA?

[khicks26]

if you don't know what you're doing (like me)... just get a receiving address on coinbase and send it to that

no reason to get paranoid over 1 transaction

Not paranoid. If I won at the book I would get the Coinbase account to cash out. But if all I need is the wallet to play. I'm fine with that until I win.

[reigle9]

opti, want me to take a hammer to this guys hand or something?

[USCPHILLYGUY]

Scam? Are you kidding me?

Are you seriously saying you're discriminating against non US players ON PURPOSE?

What's the logic behind that, that we're superior to them because we happen to live in the USA?

I'd like to buy $1000 worth from you....at 2 points a day that will only take me 1100 days...are we good

[Optional]

So SBR sends the BTC to your BlockChian wallet? But to get any winnings you need Coinbase?

Blockchain wallet is a independent wallet that you have complete control over.

Coinbase is an exchanger with a wallet attached that you have no control over.

If you choose to send from SBR or a book or some other place where you have no control over their wallet... and ask them to send your bitcoin to another wallet you have no control over, then if something goes wrong you cant even see what is happening let alone do anything.


Don't be lazy like Mike... use your own wallet that you control as your central/main wallet. Just get in the habit.

That said, what Mike said is probably true right now as well and you can just send direct from SBR or Book to Coinbase and nothing will happen... but we cant know that for sure.

[milwaukee mike]

Scam? Are you kidding me?

Are you seriously saying you're discriminating against non US players ON PURPOSE?

What's the logic behind that, that we're superior to them because we happen to live in the USA?

us players have been the ones discriminated against for years

sportsbook cash is by far the best way to spend betpoints... and us players haven't been able to do that for quite a long time

[milwaukee mike]

Blockchain wallet is a independent wallet that you have complete control over.

Coinbase is an exchanger with a wallet attached that you have no control over.

If you choose to send from SBR or a book or some other place where you have no control over their wallet... and ask them to send your bitcoin to another wallet you have no control over, then if something goes wrong you cant even see what is happening let alone do anything.


Don't be lazy like Mike... use your own wallet that you control as your central/main wallet. Just get in the habit.

That said, what Mike said is probably true right now as well and you can just send direct from SBR or Book to Coinbase and nothing will happen... but we cant know that for sure.

yeah and while you're moving codes all over the place you can watch the price fluctuate $100 against you, that's always fun

[JIBBBY]

You spend alot in transfer fees over time when using a buffer especially if you are a loser and always needing to fund your accounts..

I do wonder how they can tell if a random bitcoin exchange address is traceable to a sports book?

I got lazy and impatient one time because Block Chain was experiencing delays.. Did this one straight Coinbase transfer one time a month ago to fund a new sportsbook account straight from coin base with no buffer.. I experienced no problems what so ever..

[Optional]

Scam? Are you kidding me?

Are you seriously saying you're discriminating against non US players ON PURPOSE?

What's the logic behind that, that we're superior to them because we happen to live in the USA?

No I was not saying anything like that.

I was a bit surprised that you were saying ignore SBR rules and just setup a VPN to work around them.

And was asking you if I was mistaken thinking that is what you meant.

I'm not sure why you want to get in my face right now... you have already received a pass for something I would ban others for on the spot normally. And then go on to tell people you will transfer the benefit to them to get around the rules. As Phillyguy said you are usually a good contributor and that is why you are still a member here after your posts, but dont make the mistake of suggesting people scam SBR again. You wont get a 2nd chance.

[Optional]

You spend alot in transfer fees over time when using a buffer especially if you are a loser and always needing to fund your accounts..

I do wonder how they can tell if a random bitcoin exchange address is traceable to a sports book?

I got lazy and impatient one time because Block Chain was experiencing delays.. Did this one straight Coinbase transfer one time a month ago to fund a new account straight from coin base with no buffer.. No problem what so ever..

I think they were originally doing it by looking for the wallets books used to consolidate deposits and once one big wallet is identified, work backwards from there to all previous transactions that ended up back at Coinbase.

When wallets changed so that they held lots of addresses and issued a new ones for each transaction, I suspect Coinbase lost their ability to do the tracking as they had been.

BTW, I dont think Coinbase want to police bitcoin usage. I think their main desire is to look like they are doing all that is required to meet their license conditions. Whilst they could track, they had to. Now if they cant, they just have to be able to show its no longer possible.


I also think the feds are a lot less worried about gambling and taxing winnings than most people think. They have a hard on for bitcoin as it gives every normal person easy access to a "swiss style bank account" to hide bulk funds in.

[USCPHILLYGUY]

Opti...his acid washed jeans & sandals THROWING the hammer down

[5mike5]

#dontfukkwithopti