1. 12-07-17 07:27 PM #1
    SEAHAWKHARRY
    Northern Lights
    SEAHAWKHARRY's Avatar SBR PRO
    Join Date: 11-29-07
    Posts: 26,068
    Betpoints: 2385

    Bitcoin and sportsbooks

    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?
    Reply With Quote Reply With Quote
  2. 12-07-17 08:36 PM #2
    Clutchut12
    Clutchut12's Avatar Become A Pro!
    Join Date: 09-20-16
    Posts: 3,632
    Betpoints: 133

    I dont know but either way the rich get richer
    Reply With Quote Reply With Quote
  3. 12-07-17 08:39 PM #3
    RudyRuetigger
    Leave of absence until March Madness
    RudyRuetigger's Avatar Become A Pro!
    Join Date: 08-24-10
    Posts: 64,799
    Betpoints: 55

    Quote Originally Posted by SEAHAWKHARRY View Post
    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
    Reply With Quote Reply With Quote
  4. 12-07-17 08:45 PM #4
    NrmlCurvSurfr
    NrmlCurvSurfr's Avatar Become A Pro!
    Join Date: 04-05-10
    Posts: 2,896
    Betpoints: 600

    Quote Originally Posted by SEAHAWKHARRY View Post
    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..
    Reply With Quote Reply With Quote
  5. 12-07-17 08:55 PM #5
    BuckyOne
    BuckyOne's Avatar SBR PRO
    Join Date: 01-02-15
    Posts: 2,727
    Betpoints: 19333

    Quote Originally Posted by RudyRuetigger View Post
    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.
    Reply With Quote Reply With Quote
  6. 12-07-17 08:57 PM #6
    Shute
    Shute's Avatar SBR PRO
    Join Date: 03-20-17
    Posts: 11,822
    Betpoints: 10922

    Quote Originally Posted by BuckyOne View Post
    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
    Reply With Quote Reply With Quote
  7. 12-07-17 09:01 PM #7
    big joe 1212
    big joe 1212's Avatar Become A Pro!
    Join Date: 06-01-08
    Posts: 19,376
    Betpoints: 5365

    I thought I read somewhere that they do not hold the coins.
    Reply With Quote Reply With Quote
  8. 12-07-17 09:26 PM #8
    RudyRuetigger
    Leave of absence until March Madness
    RudyRuetigger's Avatar Become A Pro!
    Join Date: 08-24-10
    Posts: 64,799
    Betpoints: 55

    Quote Originally Posted by big joe 1212 View Post
    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
    Reply With Quote Reply With Quote
  9. 12-07-17 09:28 PM #9
    RudyRuetigger
    Leave of absence until March Madness
    RudyRuetigger's Avatar Become A Pro!
    Join Date: 08-24-10
    Posts: 64,799
    Betpoints: 55

    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
    Reply With Quote Reply With Quote
  10. 12-07-17 09:37 PM #10
    trytrytry
    All I do is trytrytry
    trytrytry's Avatar SBR PRO
    Join Date: 03-13-06
    Posts: 23,505
    Betpoints: 273647

    they are all filthy rich even without bitcoin madness now its just triple filthy rich
    Reply With Quote Reply With Quote
  11. 12-07-17 10:59 PM #11
    Mac4Lyfe
    Mac4Lyfe's Avatar SBR PRO
    Join Date: 01-04-09
    Posts: 46,517
    Betpoints: 11198

    They don't need to take the risk? They can hedge like they hedge our bets. It's not rocket science.
    Reply With Quote Reply With Quote
  12. 12-08-17 03:57 AM #12
    TheMoneyShot
    TheMoneyShot's Avatar Become A Pro!
    Join Date: 02-14-07
    Posts: 28,681
    Betpoints: 23701

    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.
    Reply With Quote Reply With Quote
  13. 12-08-17 07:22 AM #13
    RudyRuetigger
    Leave of absence until March Madness
    RudyRuetigger's Avatar Become A Pro!
    Join Date: 08-24-10
    Posts: 64,799
    Betpoints: 55

    Quote Originally Posted by TheMoneyShot View Post
    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
    Reply With Quote Reply With Quote
  14. 12-08-17 04:11 PM #14
    TheMoneyShot
    TheMoneyShot's Avatar Become A Pro!
    Join Date: 02-14-07
    Posts: 28,681
    Betpoints: 23701

    Quote Originally Posted by RudyRuetigger View Post
    hey bro if i had known last nights winners ahead of time, i could've hit a 20 teamer
    True
    Reply With Quote Reply With Quote
Top
« Previous Thread | Players Talk | Next Thread »