Bitcoin and sportsbooks

[SEAHAWKHARRY]

So we deposit our bitcoin at a sportsbook do they keep it all in bitcoin in 'Their wallet" is so God damn not only are they making money as a sportsbook but it's funking tripled in last month

Or do they immediately transfer the deposits in cash which would be the less riskier endeavor?

[Clutchut12]

I dont know but either way the rich get richer

[RudyRuetigger]

So we deposit our bitcoin at a sportsbook do they keep it all in bitcoin in 'Their wallet" is so God damn not only are they making money as a sportsbook but it's funking tripled in last month

Or do they immediately transfer the deposits in cash which would be the less riskier endeavor?

as i said at other places

if you find out your book is keeping bitcoin deposits in bitcoin, RUN

[NrmlCurvSurfr]

So we deposit our bitcoin at a sportsbook do they keep it all in bitcoin in 'Their wallet" is so God damn not only are they making money as a sportsbook but it's funking tripled in last month

Or do they immediately transfer the deposits in cash which would be the less riskier endeavor?

they better be holding on to it...they realized the value and took a shot....a gift from god for the few that stumbled into it..

[BuckyOne]

as i said at other places

if you find out your book is keeping bitcoin deposits in bitcoin, RUN

Yes, I wish it was possible to know. We could lose out butt from a bitcoin crash even if we did not own any bitcoin at all. Our sportsbooks with our USD balance deposited could get killed and all of a sudden our post up is worthless.

[Shute]

Yes, I wish it was possible to know. We could lose out butt from a bitcoin crash even if we did not own any bitcoin at all. Our sportsbooks with our USD balance deposited could get killed and all of a sudden our post up is worthless.

Very scary thought

[big joe 1212]

I thought I read somewhere that they do not hold the coins.

[RudyRuetigger]

I thought I read somewhere that they do not hold the coins.

well i know atleast 1 book that does, and guys were taking shots at me for saying that is a BS move..including one sam odom

[RudyRuetigger]

if bitcoin had went the other direction, any of these books would've been fukked..would've been fulltilt poker part 2 except with any and all books that do

and they still could be if any are deciding to hold

[trytrytry]

they are all filthy rich even without bitcoin madness now its just triple filthy rich

[Mac4Lyfe]

They don't need to take the risk? They can hedge like they hedge our bets. It's not rocket science.

[TheMoneyShot]

Uh... if books have been holding onto Bitcoin since Day 1.... They'd be approaching probably.... 250 Million+???

I'm sure they have a business pattern they use... and do keep some of the Bitcoins.

[RudyRuetigger]

Uh... if books have been holding onto Bitcoin since Day 1.... They'd be approaching probably.... 250 Million+???

I'm sure they have a business pattern they use... and do keep some of the Bitcoins.

hey bro if i had known last nights winners ahead of time, i could've hit a 20 teamer

[TheMoneyShot]

hey bro if i had known last nights winners ahead of time, i could've hit a 20 teamer

True