Bookmaker in financial trouble? Potential theft in progress

[wombat]

I asked them and they said they hold the Bitcoin that is sent, though that does not really mean they have a lot of Bitcoin. I think none of us can know how their assets are divided unless there is a public document on this? I also thought they would rather just keep the Bitcoin/crypto than convert them to dollars and back, there is always some cost in transferring between currencies. It seems the main reason for going crypto only deposit allowed book is to get rid of the transaction fees that are a big cost for all the bookies.

I would agree that Bookmaker is more likely to be safe and good site than almost any other. Still, that said I don't think there is zero chance something can go wrong with them. Same happened to Full Tilt Poker, they touched the customer funds and went broke as everyone wanted to withdraw when FTP did not have enough assets to pay. The business was a cash cow. Other examples exist as well. If all the clients want to withdraw, they can become insolvent even if they have considerable assets. In case they hold a lot of Bitcoin and Bitcoin goes -95% it does not take a lot to be in trouble.

Just wanted to offer another point of view on this. Most likely there is no issue. Still would prefer to have my balance units as Bitcoin, fluctuating with it.

I highly doubt Bookmaker is going to give you insight on how they run their business. Also, they are not a crypto only book. They still accept credit/debit card deposits so they are not crypto only. This is the reason why they don’t keep balances in crypto. If you want a strictly crypto book that keep balances in crypto, look elsewhere such as Betcoin or Nitro however those two have nowhere near the stability as BM.

[SheSMySin]

I asked them and they said they hold the Bitcoin that is sent, though that does not really mean they have a lot of Bitcoin. I think none of us can know how their assets are divided unless there is a public document on this? I also thought they would rather just keep the Bitcoin/crypto than convert them to dollars and back, there is always some cost in transferring between currencies. It seems the main reason for going crypto only deposit allowed book is to get rid of the transaction fees that are a big cost for all the bookies.

I would agree that Bookmaker is more likely to be safe and good site than almost any other. Still, that said I don't think there is zero chance something can go wrong with them. Same happened to Full Tilt Poker, they touched the customer funds and went broke as everyone wanted to withdraw when FTP did not have enough assets to pay. The business was a cash cow. Other examples exist as well. If all the clients want to withdraw, they can become insolvent even if they have considerable assets. In case they hold a lot of Bitcoin and Bitcoin goes -95% it does not take a lot to be in trouble.

Just wanted to offer another point of view on this. Most likely there is no issue. Still would prefer to have my balance units as Bitcoin, fluctuating with it.

[wombat]

Processors offer API’s that can automate the conversion of every payment into dollars so it’s not difficult at all to do.

[Optional]

Thanks guys, looks solid, though Bookmaker only allows me to deposit in Bitcoin/crypto, no card/fiat deposits allowed.

While I think transacting in Bitcoin might be less cost for everyone, I really dislike the fact that one needs to deposit in Bitcoin but the balance is not Bitcoin, has to be USD. Giving a huge crypto freeroll for Bookmaker.

For me it looks, one deposits in Bitcoin, Bookmaker holds all this Bitcoin and keeps the equivalent amount in my balance in USD, ok cool. Bookmaker does not convert the Bitcoins one deposits to Fiat, they just hold the Crypto of course.

Now if Bitcoin price doubles, my balance is still the same but Bookmaker has gotten twice as rich by holding that Bitcoin I deposited. I would prefer that my balance is in Bitcoin so I can enjoy this upside as well.

If Bitcoin price goes to 30% of what it is now or even lower.... Is Bookmaker able to pay me anymore? Maybe? Maybe not, it sounds all their transactions are now in Bitcoin...

For me Bookmaker has a huge freeroll here, Bitcoin/crypto/stockmarket/economy keeps booming, they make nice money on all customer deposits. If market/crypto goes bust, uups, we can not pay you. Good luck getting the money from Curacao or where they are located...

If I have to deal with crypto, I rather have my balance as crypto and enjoy the ride, both ups and downs, rather than just giving the freeroll for the bookie. But having crypto as the balance currency is not possible in Bookmaker.

A "free roll" means they cannot lose and you cannot win. Sounds like you are forgetting that crypto prices can go down as well as up. Not that bookmakers actually hold onto deposits in crypto anyway. It's just a money transfer mechanism, not a strategy to buy bitcoin. They could use your cash to do that at an exchange if they want to hold crypto.

[wombat]

Thanks guys, looks solid, though Bookmaker only allows me to deposit in Bitcoin/crypto, no card/fiat deposits allowed.

While I think transacting in Bitcoin might be less cost for everyone, I really dislike the fact that one needs to deposit in Bitcoin but the balance is not Bitcoin, has to be USD. Giving a huge crypto freeroll for Bookmaker.

For me it looks, one deposits in Bitcoin, Bookmaker holds all this Bitcoin and keeps the equivalent amount in my balance in USD, ok cool. Bookmaker does not convert the Bitcoins one deposits to Fiat, they just hold the Crypto of course.

Now if Bitcoin price doubles, my balance is still the same but Bookmaker has gotten twice as rich by holding that Bitcoin I deposited. I would prefer that my balance is in Bitcoin so I can enjoy this upside as well.

If Bitcoin price goes to 30% of what it is now or even lower.... Is Bookmaker able to pay me anymore? Maybe? Maybe not, it sounds all their transactions are now in Bitcoin...

For me Bookmaker has a huge freeroll here, Bitcoin/crypto/stockmarket/economy keeps booming, they make nice money on all customer deposits. If market/crypto goes bust, uups, we can not pay you. Good luck getting the money from Curacao or where they are located...

If I have to deal with crypto, I rather have my balance as crypto and enjoy the ride, both ups and downs, rather than just giving the freeroll for the bookie. But having crypto as the balance currency is not possible in Bookmaker.

Your reasoning is flawed and evidently don’t understand how they run a sportsbook.The price of bitcoin has no effect on their profits. These books do not hold onto crypto payments hoping that it will go up or down.Do you really think they will expose their multimillion profits at the mercy of the price of bitcoin?

They immediately convert the crypto into US dollars through their processors thus the fluctuations in price has no effect on their profits.

[DwightShrute]

Thanks guys, looks solid, though Bookmaker only allows me to deposit in Bitcoin/crypto, no card/fiat deposits allowed.

While I think transacting in Bitcoin might be less cost for everyone, I really dislike the fact that one needs to deposit in Bitcoin but the balance is not Bitcoin, has to be USD. Giving a huge crypto freeroll for Bookmaker.

For me it looks, one deposits in Bitcoin, Bookmaker holds all this Bitcoin and keeps the equivalent amount in my balance in USD, ok cool. Bookmaker does not convert the Bitcoins one deposits to Fiat, they just hold the Crypto of course.

Now if Bitcoin price doubles, my balance is still the same but Bookmaker has gotten twice as rich by holding that Bitcoin I deposited. I would prefer that my balance is in Bitcoin so I can enjoy this upside as well.

If Bitcoin price goes to 30% of what it is now or even lower.... Is Bookmaker able to pay me anymore? Maybe? Maybe not, it sounds all their transactions are now in Bitcoin...

For me Bookmaker has a huge freeroll here, Bitcoin/crypto/stockmarket/economy keeps booming, they make nice money on all customer deposits. If market/crypto goes bust, uups, we can not pay you. Good luck getting the money from Curacao or where they are located...

If I have to deal with crypto, I rather have my balance as crypto and enjoy the ride, both ups and downs, rather than just giving the freeroll for the bookie. But having crypto as the balance currency is not possible in Bookmaker.

You really have idea how big Bookmaker is do you? Chances are they have been in business longer that you have been alive. If they can't pay you if crypto falls 30%, then chances are you and everyone else are already dead from a nuclear war, so it wouldn't matter.

Also, Bitcoin has dropped 30% and more several times in the last few years.

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[WillyJ420]

I think you cheated or did a credit charge back or are involved with a banned player trying to take a shot with bonuses.

LOL you would know about all these methods right Mike? How many doors have you shut down with those methods? For services you needed... LOL what a joke

[Thefix13]

Thanks guys, looks solid, though Bookmaker only allows me to deposit in Bitcoin/crypto, no card/fiat deposits allowed.

While I think transacting in Bitcoin might be less cost for everyone, I really dislike the fact that one needs to deposit in Bitcoin but the balance is not Bitcoin, has to be USD. Giving a huge crypto freeroll for Bookmaker.

For me it looks, one deposits in Bitcoin, Bookmaker holds all this Bitcoin and keeps the equivalent amount in my balance in USD, ok cool. Bookmaker does not convert the Bitcoins one deposits to Fiat, they just hold the Crypto of course.

Now if Bitcoin price doubles, my balance is still the same but Bookmaker has gotten twice as rich by holding that Bitcoin I deposited. I would prefer that my balance is in Bitcoin so I can enjoy this upside as well.

If Bitcoin price goes to 30% of what it is now or even lower.... Is Bookmaker able to pay me anymore? Maybe? Maybe not, it sounds all their transactions are now in Bitcoin...

For me Bookmaker has a huge freeroll here, Bitcoin/crypto/stockmarket/economy keeps booming, they make nice money on all customer deposits. If market/crypto goes bust, uups, we can not pay you. Good luck getting the money from Curacao or where they are located...

If I have to deal with crypto, I rather have my balance as crypto and enjoy the ride, both ups and downs, rather than just giving the freeroll for the bookie. But having crypto as the balance currency is not possible in Bookmaker.

One more time, for the people that still aren't clear what you want.

[SheSMySin]

Thanks guys, looks solid, though Bookmaker only allows me to deposit in Bitcoin/crypto, no card/fiat deposits allowed.

While I think transacting in Bitcoin might be less cost for everyone, I really dislike the fact that one needs to deposit in Bitcoin but the balance is not Bitcoin, has to be USD. Giving a huge crypto freeroll for Bookmaker.

For me it looks, one deposits in Bitcoin, Bookmaker holds all this Bitcoin and keeps the equivalent amount in my balance in USD, ok cool. Bookmaker does not convert the Bitcoins one deposits to Fiat, they just hold the Crypto of course.

Now if Bitcoin price doubles, my balance is still the same but Bookmaker has gotten twice as rich by holding that Bitcoin I deposited. I would prefer that my balance is in Bitcoin so I can enjoy this upside as well.

If Bitcoin price goes to 30% of what it is now or even lower.... Is Bookmaker able to pay me anymore? Maybe? Maybe not, it sounds all their transactions are now in Bitcoin...

For me Bookmaker has a huge freeroll here, Bitcoin/crypto/stockmarket/economy keeps booming, they make nice money on all customer deposits. If market/crypto goes bust, uups, we can not pay you. Good luck getting the money from Curacao or where they are located...

If I have to deal with crypto, I rather have my balance as crypto and enjoy the ride, both ups and downs, rather than just giving the freeroll for the bookie. But having crypto as the balance currency is not possible in Bookmaker.

[DwightShrute]

How is Bookmaker now, reliable? I read a lot of issues on 2022-2023 on withdraws, maybe issues with bitcoin, FTX collapse even?
Anyway it sounds a lot of people are using bookmaker.eu and it is a reliable high roller site in 2024?

I doubt you'll find a better off shore book anywhere. Bitcoin payouts are really fast. My last 2 payouts were less than a half an hour each time.

You should definitely open an account there IMO. I have been betting with them since 2009. Never had a problem.

[cornmeal]

Solid- put them in your stable

[SheSMySin]

How is Bookmaker now, reliable? I read a lot of issues on 2022-2023 on withdraws, maybe issues with bitcoin, FTX collapse even?
Anyway it sounds a lot of people are using bookmaker.eu and it is a reliable high roller site in 2024?

[pimike]

What a toxic response. Gross.

I've been a customer there since pre 2020. As a woman, especially as a woman of color, I find the term "bonus whore" absolutely pathetic. You need to look in the mirror and grow up. I have used bonuses before on some of my deposits. Sometimes when I didnt feel like worrying about tons and tons of rollover, I would deposit without a bonus.

I'll repeat, everything they have asked me for I have given them. Whatever they are looking for, they've had over an entire month, and they haven't found it. (There's nothing for them to find)

I genuinely think there's a good chance they're stalling so that more deposits come in, so that they can decipher if they can avoid going bust if they begin paying people.

I think you cheated or did a credit charge back or are involved with a banned player trying to take a shot with bonuses.

[od120731]

lol even this got political somehow, I love internet

[hawkwind]

Mrrrrrrrrrrrrrr bs

[Fishhead]

4k btc payout today. Thank you bookmaker! One grip was that it took around 3 hours to hit my wallet.

[pologq]

I think he meant to say afford or something.

that would make more sense

so tell us billy how they made you deposit more than you wanted

[bonzaii]

"forced me to deposit more of what i can payout" - WHAT?

I think he meant to say afford or something.

[pologq]

i do not like this website, they forced me to deposit more of what i can payout, the lines are pretty bad and if you regret and want to cancel a wager. they do not give you that option either

"forced me to deposit more of what i can payout" - WHAT?

[Goat Milk]

I have a sneaking suspicion that a women who was white wouldn't be getting the run around like this for a month. Isn't the guy in the other thread a minority also? I am sensing a pattern here, and it isn't a good one.

Are women of color minorities? There's over a billion people in Africa, over a billion in China alone, more than a billion in India, healthy population of hispanics. Are the majority of the women in the world actually caucasion? I would question that.

[bonzaii]

Show them your ID and the vid you did for Ghetto Gaggers

Lol

[Bill5050]

i do not like this website, they forced me to deposit more of what i can payout, the lines are pretty bad and if you regret and want to cancel a wager. they do not give you that option either

[19th Hole]

I keep posing for whatever photos bookmaker asks for. How am I supposed to prove myself beyond literally revealing myself? Should I just periodically keep doing this until they have me taking shots in a my bra and underwear?

~~~
Aha--
Maybe the best thing that you can do is send them a photo of your .
Post same photo of your in this thread for verification.

[pologq]

I sent them an email 4 days ago saying I'll accept it via wire. No response

wow. i would demand to speak to someone on live chat who could 100% help you at this point. it just seems like they are discarding your requests.

[SClark2000]

good point vampire. could even open an online savings/checking account with ally bank easily.

I sent them an email 4 days ago saying I'll accept it via wire. No response

[Fishhead]

Do not associate any bank with bitcoin
Think outside the box for gawdsakes

[pologq]

good point vampire. could even open an online savings/checking account with ally bank easily.

[vampire assassin]

No need to wonder, I already explained why. Bank accounts shut people down who had btc transactions back in the day. They didn't want to be associated with btc. Now with regulated exchanges its different

Did you try opening an account at another bank? There isn't a Blackbook for BTC users that banks share. It should be trivial to open a savings account at a local credit union and take that wire.

[SClark2000]

He’s not allowed to have a bank account anywhere on planet earth. Wonder why.

No need to wonder, I already explained why. Bank accounts shut people down who had btc transactions back in the day. They didn't want to be associated with btc. Now with regulated exchanges its different

[SClark2000]

They said they would be willing to wire you the funds, doesn't really sound like a book that can't pay.

They also told me they'd send it as soon as I sent in all the KYC photos

They also told me they'd send me the btc as soon as a filled out the KYC form

They also told me they'd send it as soon as I did a video call

[mjsuax13]

They said they would be willing to wire you the funds, doesn't really sound like a book that can't pay.

He’s not allowed to have a bank account anywhere on planet earth. Wonder why.

[teacher10]

4k btc payout today. Thank you bookmaker! One grip was that it took around 3 hours to hit my wallet.

[KS1986]

Yeah. Maybe people started signing up around the time Bookmaker started penetrating a lot of people, which just so happens to be after an event that could have caused them financial catastrophe. Just a thought. Also SBR moderators, run all resources you have to see if I'm linked to these accounts in any way. I'm not. Crazy to think I'd be doing all that when I didn't even know how to upload a fuckin screenshot

Also for everyone claiming that they're not in financial trouble since their payout went thru....have you guys never been thru a site folding before? It's a common tactic for them to allow certain smaller payouts (usually from losing players) to slip thru, while tying up the larger players payouts, with the goal of getting as much money on the site before they bounce. They wouldn't just hold all payouts, obviously

They said they would be willing to wire you the funds, doesn't really sound like a book that can't pay.

[Natty68]

Yeah, OK. You have countless people that have been on this site for decades proclaiming Bookmaker to be a top-notch operation (put me at the top of that list) and one loser who started on here three weeks ago saying Bookmaker are scammers. For the love of God borrow someone's phone and give them a call. They didn't write hundreds of millions of dollars in business over the years only to achieve their ultimate goal of running off with your Burger King check.

[SClark2000]

Knowing all of that you still fired on the site like a maniac using coin purchased from a random third party and felt nothing bad could happen. Story adds up

I signed up and made these deposits well before FTX even started going under, so your comment makes no sense. Try to pay attention