Heritage Sports statement on Bitcoin

**ItsMeMrMattE** · 09-22-14, 01:40 PM

sites like nitrogen have to be pissed about this building trend.

**NunyaBidness** · 09-22-14, 02:30 PM

Originally posted by ItsMeMrMattE

sites like nitrogen have to be pissed about this building trend.

Possibly, but there's such a difference between the real bitcoin books and the old school books are now accepting bitcoins.

Real bitcoin books don't operate like old books in any way, you don't have some guy calling you begging for deposits, you don't have to sign up for anything, you don't have to worry about getting limited, transactions are instantaneous with no minimum or maximum sizes, you don't have to tie up funds at all.

Currently I keep large amounts in every available book just in case there's a line I need to hit.

With bitcoins I can keep my exposure very small, as I can immediately move money out of one book and into another, you're basically always funded.

Until the old books develop that sort of functionality, bitcoin books will have an edge.

**ItsMeMrMattE** · 09-22-14, 02:39 PM

ya i agree, but it seems like the major books are making moves to get to that point. if i was a founder in nitrogen, my dream world would be one where there would be btc books that operate the current ways that they do and main stream books that operate the way that they do. neither one ever crossing paths.

**HuskerExpat** · 09-22-14, 05:23 PM

Heritage still doesn't take U.S. customers, correct? And do they require various Know Your Customer type of confirmations? If so, not much of a threat to the true BTC books like Nitrogen then, at least as far as the U.S. market is concerned....

**Darkside Magick** · 09-22-14, 05:52 PM

Even with the books like Heritage and 5dimes taking bitcoins...it still come down to the lines and how much one can put down on a game.

**NunyaBidness** · 09-22-14, 05:54 PM

Originally posted by Darkside Magick

Even with the books like Heritage and 5Dimes taking bitcoins...it still come down to the lines and how much one can put down on a game.

With bitcoin books its trivial to get down as much as you would like on any line if you're savvy.

**poker6469** · 09-22-14, 06:03 PM

how does bit-coin work

somebody please explain how this works 'is it like netteller was?

**KalouKalou** · 09-22-14, 06:12 PM

Originally posted by NunyaBidness

Possibly, but there's such a difference between the real bitcoin books and the old school books are now accepting bitcoins.

Real bitcoin books don't operate like old books in any way, you don't have some guy calling you begging for deposits, you don't have to sign up for anything, you don't have to worry about getting limited, transactions are instantaneous with no minimum or maximum sizes, you don't have to tie up funds at all.

Currently I keep large amounts in every available book just in case there's a line I need to hit.

With bitcoins I can keep my exposure very small, as I can immediately move money out of one book and into another, you're basically always funded.

Until the old books develop that sort of functionality, bitcoin books will have an edge.

I don't understand why don't you get limited if you make a lot of money? It's not an exchange like betfair?

**Heritage Insider** · 09-22-14, 07:02 PM

Originally posted by HuskerExpat

Heritage still doesn't take U.S. customers, correct? And do they require various Know Your Customer type of confirmations? If so, not much of a threat to the true BTC books like Nitrogen then, at least as far as the U.S. market is concerned....

Just to clarify, we are not currently accepting NEW US business, however, if you had a Betjamaica account or Greek account up to 2011, there is a chance we have your information in our database and you are welcome to play.

Also, if you had an account at some point and stopped playing or the account became dormant, it is possible to reactivate your account.

I hope that helps.

Insider!

**NunyaBidness** · 09-22-14, 07:11 PM

Originally posted by KalouKalou

I don't understand why don't you get limited if you make a lot of money? It's not an exchange like betfair?

Because it's anonymous.

If they were to shutdown your account, you can just send from a new (bitcoin) address.

**NunyaBidness** · 09-22-14, 07:12 PM

Originally posted by poker6469

somebody please explain how this works 'is it like netteller was?

There's a bitcoin newb thread in playerstalk I believe where it is explained.

It's better and faster than neteller ever was.

**lecubs28** · 09-22-14, 11:00 PM

interesting move from them, may have to give them another look. haven't played there in a couple years, things were really going down hill, but this is a positive sign.

**raiders72001** · 09-23-14, 02:31 AM

Originally posted by ItsMeMrMattE

sites like nitrogen have to be pissed about this building trend.

The bitcoin books aren't worried about the cash books, the cash books are worried about the bitcoin books.

Bitcoin books have less overhead so many are reduced juice. They also have more offerings than the cash books in CR.

In the NFL

Nitrogen -105
Betcoinsports -105
Jetwin -108 with more pregame offerings than any other cash book in CR.
Anonibet and BetVIP have true live wagering in the NFL and baseball. They don't wait for commercials like the cash books in CR.

No 3rd party processors or waiting for a control number with bitcoin books. No personal information, all anonymous.

Some give cash bonuses, not free plays. Anonibet opened in 2011 so they seem to be very safe. They had a head start building a customer base. BetVIP has a 100% cash bonus.

Some day bitcoin books will be advertising on SBR. Only the top cash books will survive. The B, C and D books are in trouble.

**raiders72001** · 09-23-14, 02:55 AM

There are a lot of bitcoin exchanges. Most are new and I wouldn't recommend playing at any of them since they are all new. Nitrogen is a book and an exchange so they are fine. No liquidity yet but it would be great to get some.

Most new small shops go under. They are one or two man shops setting up ponzi schemes. Others have bigger staffs and I think will stick around.

Another good thing about bitcoin books is that you don't have to keep a big balance and be exposed to more than you are betting. It's easy and fast to get money in and out.

**asdf21** · 09-23-14, 03:16 AM

Originally posted by NunyaBidness

Currently I keep large amounts in every available book just in case there's a line I need to hit.

With bitcoins I can keep my exposure very small, as I can immediately move money out of one book and into another, you're basically always funded.

It is huge difference

**rm18** · 09-23-14, 03:19 AM

there are a lot of cash books with true live wagering nowadays bookmaker, intertops, 5 dimes youwager, wager web, heritage.

**raiders72001** · 09-23-14, 03:54 AM

Originally posted by rm18

there are a lot of cash books with true live wagering nowadays bookmaker, intertops, 5 dimes youwager, wager web, heritage.

In the NFL on Sundays 1 PM EST and 4 PM EST play to play?

With some of the bitcoin books they have a lot more live offerings. They have alt spreads and totals, 2 and 3 way betting, race to (race to 35 pts, race to 40 pts), spread and total next quarter, double chance and a few more. It's similar to what the European cash books.

I don't understand why European books have more live betting options in the NFL and baseball than the books that target American markets.

Even pregame bitcoin book Jetwin has 52 markets each game for preseason NHL.

**jjgold** · 09-23-14, 05:41 AM

It seems bit coin books have european influence to them meaning European ownership

**rm18** · 09-23-14, 04:01 PM

Originally posted by raiders72001

In the NFL on Sundays 1 PM EST and 4 PM EST play to play?

With some of the bitcoin books they have a lot more live offerings. They have alt spreads and totals, 2 and 3 way betting, race to (race to 35 pts, race to 40 pts), spread and total next quarter, double chance and a few more. It's similar to what the European cash books.

I don't understand why European books have more live betting options in the NFL and baseball than the books that target American markets.

Even pregame bitcoin book Jetwin has 52 markets each game for preseason NHL.

Live betting overall has risen a lot recently here is what intertops has for tennis right now. Even in Vegas some decent live betting options

-833	+450
-1250	+550

+175	-182	+1050
+180	-200	+1100

-200	+140
-200	+140

Set Betting

Total Sets

Set 1 Score of Game 3

**Sam Odom** · 09-29-14, 06:49 AM

Use btc deposit at Heritage late Sunday Afternoon

Withdrew a few btc from Nitro... took 15 mins to hit wallet - longer than usual

Used Heritage Chat for Sammy's 1st btc deposit. First guy had to send Sammy to another. Then it went smooth. At present Heritage manually handles btc transactions. Took 1 hour before deposit showed in balance. They said automated (sorta like Nitro) btc transactions is just around the corner if there is a demand for it

All in all was a smooth transaction

**HuskerExpat** · 09-29-14, 08:03 AM

Originally posted by Sam Odom

Use btc deposit at Heritage late Sunday Afternoon

Withdrew a few btc from Nitro... took 15 mins to hit wallet - longer than usual

Used Heritage Chat for Sammy's 1st btc deposit. First guy had to send Sammy to another. Then it went smooth. At present Heritage manually handles btc transactions. Took 1 hour before deposit showed in balance. They said automated (sorta like Nitro) btc transactions is just around the corner if there is a demand for it

All in all was a smooth transaction

Did you play poker at Nitro before withdrawing? If you play poker, the withdrawal must be manually approved as opposed to it being instantaneous. I suppose that is a fraud protection thing, but who knows. I had a similar experience when I withdrew my balance on Sunday. I know 15 minutes is light years faster than any other book I've ever withdrawn from, but now they have me used to it being instantaneous...

**Sam Odom** · 09-29-14, 08:08 AM

Yeah , played a little poker there over the weekend...