Bitcoin Sportsbooks: What factors matter if you are going Bitcoin bookie?

[Domestic]

ya i thought about that. but for the sake of keeping the idea as simple as possible, i know there would be more complications that im not smart enough to think of, what if the the centralized authority was this silver market. the price of silver is the value of the cryptocurrency the price of the cryptocurrency is the current value of silver. you could then in theory have 100,000s of private, basically franchised off this system, accounts; to where any civilian could hold a certain amount of physical silver and be willing to exchange it for cryptocurrency. you could probably make the exchange process purely P2P. think of it as a new way of creating a savings account. someone would buy physical silver. if they needed money for that months groceries or something they would exchange the silver for cryptocoins held by someone that had extra after his months bills and wanted it back in the form of silver in order to save.

Something similar to E-Gold?

[Domestic]

what a mess

I am more confused now than when thread started

Are you being confused by the coinbase stuff? We are here to help you JJ.

[ItsMeMrMattE]

ive never heard of E-Gold before. i browsed through the wiki page you sent. it sounds like E-Gold was basically just Fed Reserve type operation digitized. im talking about something that, maybe at its initial start would need a private company to get it going, but would have the end goal of becoming completely operated and supported by the public. in the above example i created all the physical silver would not be held by a single organization. instead it would be spread out over many people.

[Optional]

E-gold was the perfect e-currency for its time.

Shame the feds felt the need to slam it shut rather than work with them.

Well maybe not a shame, as there may have never been the demand for something like bitcoin to start with if e-gold had flourished.

[raiders72001]

Here are some of the better books to play with for the NFL with approximate lines at pk. They all break at different prices. It would be nice to have all three since the lines will be a tad different.

Nitrogen -105 Pinny clone.
CasinoBitcoin -106
Betcoinsports -106

I'm not sure what Anonibet will do since they are only putting up MLs now.

[sports_quant99]

Here are some of the better books to play with for the NFL with approximate lines at pk. They all break at different prices. It would be nice to have all three since the lines will be a tad different.
Nitrogen -105 Pinny clone.
CasinoBitcoin -106
Betcoinsports -106
I'm not sure what Anonibet will do since they are only putting up MLs now.

More great info. Thanks.

I've started to create a spreadsheet with all the books out there, with every attribute i am seeing in these discussions (takes bitcoin?, ID required to open accounts, juice, limits, etc)

Is there a database or site out there that lists all the attributes of all the books?

[raiders72001]

More great info. Thanks.

I've started to create a spreadsheet with all the books out there, with every attribute i am seeing in these discussions (takes bitcoin?, ID required to open accounts, juice, limits, etc)

Is there a database or site out there that lists all the attributes of all the books?

http://i.imgur.com/JzdTmxW.jpg

[raiders72001]

Please PM me your spreadsheet with things that you add to mine. I want to add the other things that you mentioned. Thanks

One mistake in mine is that more of the books have mobile betting than I have listed.

[jjgold]

Why you guys scrambling like nuts all you need is FiveDimes as far as Bitcoin

Why you risk unregulated sports books like bitcoin books?

[raiders72001]

edit

[sports_quant99]

Please PM me your spreadsheet with things that you add to mine. I want to add the other things that you mentioned. Thanks

One mistake in mine is that more of the books have mobile betting than I have listed.

Your spreadsheet is great. The only other info i have is what you've told me, that's all i have so far in my skeleton of a spreadsheet.

[raiders72001]

Why you guys scrambling like nuts all you need is FiveDimes as far as Bitcoin

Why you risk unregulated sports books like bitcoin books?

Line shopping. Plus 5Dimes uses teaser protection to stay away from 1.5-2.5 and 7.5-8.5.

[sports_quant99]

Why you guys scrambling like nuts all you need is FiveDimes as far as Bitcoin
Why you risk unregulated sports books like bitcoin books?

Doesnt work. 5Dimes limits winners and/or closes accounts of winners. With bitcoin books that dont require ID, you can open up new/multiple accounts to keep betting. Risk is very minimal as long as you use a bitcoin book that allows cashout after the bet.

[jjgold]

Doesnt work. 5Dimes limits winners and/or closes accounts of winners. With bitcoin books that dont require ID, you can open up new/multiple accounts to keep betting. Risk is very minimal as long as you use a bitcoin book that allows cashout after the bet.

Thats exactly why those books are risky

[raiders72001]

Here's some information on Casinobitcoin since they are publicly traded.

CASINOBITCO.IN (CBTC) ACQUIRES BIT777, PEERBETCasinoBitco.in (Havelock Investments ticker symbol: CBTC) today announces the acquisition of popular Bitcoin Gaming properties Bit777.com, Peerbet.org, and Peerdice.org from Ultraplay, Ltd. Terms of the deal have not been disclosed.
CasinoBitco.in (CBTC) was the first Bitcoin-only gaming establishment to offer unique, provably-fair games along with a full Sportsbook. Operating successfully since May 2013, they offer HTML5 Blackjack, Roulette, Baccarat, Video Poker and Hi-Lo in their Casino.
Bit777 is a Bitcoin-only Casino, designed by Ultraplay Ltd, offering over 50+ flash-based games and have taken in over 1 million bets!
Peerbet.org is a popular community-based Bitcoin Gambling site offering chat, raffles, a proprietary “Wheel” game, dice, and more.
Peerdice.org, an offshoot of Peerbet.org, is a unique new community “versus” style dice game with only a 0.3% house edge. Players select their rolls and bet against each other on the site. Since launching February 1st, the site has already supported over 250,000 P2P games.
CasinoBitco. in first announced their goal of growth via an acquisition on Havelock Investments in December 2013. Since then, CasinoBitco.in has been in negotiations with Ultraplay and other Bitcoin Gaming operators looking for a deal favorable to all parties involved. Ultimately, the acquisition of Bit777/Peerbet was a the best fit for CasinoBitco.in not only due to the strong financials Bit777/Peerbet bring to the table, but also the opportunity to bring awareness of CasinoBitco.in to over 15,000 registered users on Bit777/Peerbet.
CasinoBitco.in is extremely excited to add Bit777/Peerbet to their current assets and eagerly looking forward to integrate all sites under the CasinoBitco.in brand
Ultraplay will continue some involvement in operations of the acquired properties for the foreseeable future, and there is no immediate impact to players on Bit777/Peerbet. CasinoBitco.in ultimately intends to merge many of the feature and functionalities between the various sites over the next 6 months to build the largest and best Bitcoin Gaming network around.

http://www.reddit.com/r/BitcoinStock...quires_bit777/

[Domestic]

Why you guys scrambling like nuts all you need is FiveDimes as far as Bitcoin

Why you risk unregulated sports books like bitcoin books?

While obviously bitcoin is still too new for any bitcoin book to have built up a solid reputation as long as 5dimes have, the best bitcoin books have done nothing but impress.

As far as your question goes on why you would play at Nitrogen rather than 5Dimes:

-Faster deposits and withdrawals
-No limiting
-Do not have to wait until 24 hours before the game starts to get reduced juice on NFL
-Do not have to rollover funds before withdrawing
-Do not have to share your address or private/financial information
-E-sports betting that 5dimes currently does not offer
-AFL/NRL lines posted sooner
-Exchange service (not busy at the moment but should pick up over time)

[HuskerExpat]

While obviously bitcoin is still too new for any bitcoin book to have built up a solid reputation as long as 5dimes have, the best bitcoin books have done nothing but impress.

As far as your question goes on why you would play at Nitrogen rather than 5Dimes:

-Faster deposits and withdrawals
-No limiting
-Do not have to wait until 24 hours before the game starts to get reduced juice on NFL
-Do not have to rollover funds before withdrawing
-Do not have to share your address or private/financial information
-E-sports betting that 5dimes currently does not offer
-AFL/NRL lines posted sooner
-Exchange service (not busy at the moment but should pick up over time)

^^^^^^^^
That

[HuskerExpat]

Thats exactly why those books are risky

Nitrogen, I believe, is located in Costa Rica just like 5 Dimes. The amount of the regulation, it seems to me, is exactly the same.

[jjgold]

Who runs Nitrogen???

How well funded are they???

[HuskerExpat]

Who runs Nitrogen???

How well funded are they???

So now you're abandoning that argument and changing to another one?

Look, we get it. You don't like bitcoin and you don't like bitcoin sportsbooks. To each his own. I don't have any problem with 5 Dimes (I still use an account there myself), and I think it is one of the best choices for U.S. players. But we also know that they aren't exactly spectacular at customer service. Have you seen one complaint about Nitrogen yet? I haven't. I guess you don't really understand that the risk associated with their funding (and does anyone really know how well funded 5 Dimes is?) is mitigated by the fact that you don't have to keep your bankroll there. You can make a deposit or withdrawal and have it credited to your book or outside account about two seconds after you click your mouse. Apparently you don't get the significance of that or won't acknowledge it. Anyway, you're on record as hating on bitcoin and bitcoin books. Your main arguments are that you don't understand bitcoin and don't trust it. Fine, point made. Why keep chiming in with the same point when people who do trust and understand bitcoin want to discuss it and the sportsbooks that take it.....

[RudyRuetigger]

Hey boondoggle, thanks for the points chief.

i guess that means you struck it rich

fukkkkk me. i only invested in iraqi currency.

good job pal

[strixee]

I was betting at coinbet.cc and it went all fine. The only problem was it was a deposit-only book. I lost over 20 BTC there.

[Legions36]

Hey boondoggle, thanks for the points chief.

i guess that means you struck it rich

fukkkkk me. i only invested in iraqi currency.

good job pal

Haha Boondoggle, I remember that dude here a few years ago from browsing here. He has to get the props he deserves. I still to this day think about that guy, glad someone else feels the same way. Just to bad for me I wasn't doing to well at the time to invest into Bitcoin, I had a choice to be on the streets for what little i had or to continue what I was doing, hey i cant complain because im doing pretty good these days. I hope he reads this!!!

[Legions36]

Who runs Nitrogen???

How well funded are they???

Other than 5dimes and Pinnacle, Nitrogen is the only bitcoin book that is worth it only sometimes. U should look into it. U don't even have to keep a high balance there just what u need for each day.

[raiders72001]

Other than 5dimes and Pinnacle, Nitrogen is the only bitcoin book that is worth it only sometimes. U should look into it. U don't even have to keep a high balance there just what u need for each day.

I agree that Nitrogen is a great book. Besides Nitrogen, I think that Betcoinsports and Casinobitcoin will be must have books for the NFL since both are -106. For those playing soccer and live soccer, Anonibet seems to be the best to me. I know that you are very familiar with the bitcoin books. Do you like the others also?

[sports_quant99]

Thats exactly why those books are risky

The opposite is true. A book where you can send in and take out 2% of your bankroll for a bet leaves 98% of your bankroll with no non-payment risk. That's about as low-risk as it gets.

[sports_quant99]

I was betting at coinbet.cc and it went all fine. The only problem was it was a deposit-only book. I lost over 20 BTC there.

Only play at Bitcoin books that allow instant withdrawal after the game is over. Keeps your non-payment risk very very low, about equivalent to losing 1 or 2 bets.

[Legions36]

I agree that Nitrogen is a great book. Besides Nitrogen, I think that Betcoinsports and Casinobitcoin will be must have books for the NFL since both are -106. For those playing soccer and live soccer, Anonibet seems to be the best to me. I know that you are very familiar with the bitcoin books. Do you like the others also?

Soccer maybe, but all in all too time consuming to find the best #'s when i know im am getting the best #'s at the 2 good shops. I see no problem with the books u listed but for what really they offer no good bonus to play there and when the btc books to offer some bonus they inflate every # to make it so bad. I rather get the best # for now and just convert it back to btc, even if the market moves during the game the amount u save in juice u can earn btc each week just from that.

[ItsMeMrMattE]

amagi metals planning on only accepting BTC for bullion before 2017. the first of what will be the norm, imo.

[jjgold]

its interesting after all these years Vegas Books still the best bang for your buck because zero fees and all usa dollars for traditional betting

Maybe Bitcoin will change that but I have a feeling regulation is coming because it is being used for too much illegal stuff like gambling, money laundering, etc


I am rooting for Bitcoin

[NrmlCurvSurfr]

I know a guy that has been messing with BTC books recently. So far no complaints. Sticking with the bigger guys and keeping 90%+ of bankroll in wallets. When you play with books that send back after grading, they can only stiff one "unit" or whatever you risk. Who wants to pay fees to access your own dough. F that.

What I've seen so far..
Up sides:

Anonymous

Fast/almost instant POs without fees(to wallet).

Great line opportunities as some places are slow to move, etc.

With the lower volume, you can really see when someone slams a line.

Good live betting opportunities

Down sides:

Can be slower to punch in selection as you must transfer BTC to confirm.

Newer books have less of a rep

Limits can be lower in many cases.

Not as many props, tt, 1h etc.

[Legions36]

its interesting after all these years Vegas Books still the best bang for your buck because zero fees and all usa dollars for traditional betting

Maybe Bitcoin will change that but I have a feeling regulation is coming because it is being used for too much illegal stuff like gambling, money laundering, etc


I am rooting for Bitcoin

I have to ask u what do u think regulation is really going to do to bitcoin? Especially since it is designed not to be regulated? Regulation is more for business's and such for guys like us who like to bet we can stay under the radar if it came to it.

[Sam Odom]

jjgold will LOVE bitcoin and bitcoin books when SBR_John hangs an ad banner

[Domestic]

I signed up at Jetwin and played through the 300mbtc($150) 5x rollover bonus and withdrew today. Had my bitcoin within minutes and this book really impressed me. It was quick to grade wagers and had a good selection of sports. Juice was high on a lot of sports but on the popular American ones it was 5 cents for most things. Will be playing there again in the future.

[jjgold]

Sammy I am on record saying Bitcoin has potential

Just be careful who your dealing with as faar as bitcoin exchanges

5 Dimes is a no brainer to use..A+ RATED