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You're thinking way too deeply about this. Sometimes there is no grand conspiracy. Occam's razor applies here. The simple answer is that Bitcoin transactions are by far the easiest method - for both the sportsbook and the customer.Originally Posted by ABEHONEST
You'd figure Tony would check the boards and see all the negative posts about 5D. Clients being lost... etc.
But, he doesn't do anything about it??? Very odd.
The problem is is that everyone is getting paid, despite the layers they deem unnecessary. Their menu is far better than any other shop. It's great that Nitro has insta deposits, insta cashouts. But live betting and teaser options just for two examples and just a wider variety of sports is huge, so I guess they feel they can get away with what they're doing.
Last edited by Microphone; 04-22-18 at 12:02 PM. Reason: spelling
Okay, good open-minded thoughts, however, why is no one talking about a "possible" loss of funds, speed or no speed? That is one subject [losses], I know very well.
If we don't have severe memory loss; guess what Bitcoin was selling at, at it's highest [the all-time high], in late Dec.2017, or maybe, even early Jan. 2018? Now, take a close look at Bitcoin.
But you don’t have to actually hold Bitcoin for more than a few minutes to move money in and out of books. So bitcoin price fluctuation is largely irrelevant.Okay, good open-minded thoughts, however, why is no one talking about a "possible" loss of funds, speed or no speed? That is one subject [losses], I know very well.
If we don't have severe memory loss; guess what Bitcoin was selling at, at it's highest [the all-time high], in late Dec.2017, or maybe, even early Jan. 2018? Now, take a close look at Bitcoin.
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what is the expected timeframe for nonn exclusive bitcoin? 2-3 days?
Why are you holding Bitcoin that long then? Depending on how fast I can get confirmations on the Bitcoin network, once the Bitcoin is in my wallet, I can have it sent to GDAX and sold in under an hour (probably faster if sending to Bitpay from my intermediary wallet). I can't see any loss happening in that time that would be more than the fees books charge for other payouts. I've never lost more than a couple dollars in the price dropping when I've sought to quickly liquidate any Bitcoin received.Okay, good open-minded thoughts, however, why is no one talking about a "possible" loss of funds, speed or no speed? That is one subject [losses], I know very well.
If we don't have severe memory loss; guess what Bitcoin was selling at, at it's highest [the all-time high], in late Dec.2017, or maybe, even early Jan. 2018? Now, take a close look at Bitcoin.
I held onto my last payout for a bit over two weeks. Luckily price went up 25-30 percent.
I just received my BTC cashout last night. Took 48 hours before they did phone verification and another 24 hours for the $ to hit my blockchain.
I held onto my 5Dimes payout from the end of March Madness and it's made some nice gains lately. I'm just saying if you're not interested in playing that game, once you get paid in Bitcoin, don't hold onto it and get it to an exchange ASAP (or Bitpay card) and sell it.
Last edited by mrpapageorgio; 04-22-18 at 01:22 PM.
Heritage paid out in 30 mins after request on a weekend. It's amazing the difference. No knock on 5Dimes either as I have been there forever.
Okay lucky members. As I said a while back, Bit was going up as I was sent that payout[over 7,200], however, low and behold--it took 2 plus days to get all those verifications. Now, I have a cost fee of 125 or so after it dropped to around 6800.
Since I am from Missouri--having to see something before I truly believe it--where are all the Bitcoin trading losers?
They must have been illegal's and left the country?
Look fellows, I see your sweet reviews but where are those bitter one's? I have one that was so bitter, it's still lost in space. You already know about the latest one, and yes, it's smaller, but still a bitter pill to swallow.
Keep'em coming, but please, let's start seeing some "fair and balanced," Bitcoin figures?
* I'll stay conservative and shy away from Bit for at least til football season. We'll see if our lucky member's luck, keeps holding out?
Bitcoin is taking off again- get in NOW!Okay lucky members. As I said a while back, Bit was going up as I was sent that payout[over 7,200], however, low and behold--it took 2 plus days to get all those verifications. Now, I have a cost fee of 125 or so after it dropped to around 6800.
Since I am from Missouri--having to see something before I truly believe it--where are all the Bitcoin trading losers?
They must have been illegal's and left the country?
Look fellows, I see your sweet reviews but where are those bitter one's? I have one that was so bitter, it's still lost in space. You already know about the latest one, and yes, it's smaller, but still a bitter pill to swallow.
Keep'em coming, but please, let's start seeing some "fair and balanced," Bitcoin figures?
* I'll stay conservative and shy away from Bit for at least til football season. We'll see if our lucky member's luck, keeps holding out?
It doesn't take 2 days to get all of the confirmations after the first one. Once you get the first confirmation, your transaction should either credit immediately if they only need one or in less than an hour if they need more (Coinbase is the strictest that I know of requiring 6 confirmations).Okay lucky members. As I said a while back, Bit was going up as I was sent that payout[over 7,200], however, low and behold--it took 2 plus days to get all those verifications. Now, I have a cost fee of 125 or so after it dropped to around 6800.
Since I am from Missouri--having to see something before I truly believe it--where are all the Bitcoin trading losers?
They must have been illegal's and left the country?
Look fellows, I see your sweet reviews but where are those bitter one's? I have one that was so bitter, it's still lost in space. You already know about the latest one, and yes, it's smaller, but still a bitter pill to swallow.
Keep'em coming, but please, let's start seeing some "fair and balanced," Bitcoin figures?
* I'll stay conservative and shy away from Bit for at least til football season. We'll see if our lucky member's luck, keeps holding out?
What it sounds like happened is it took 2 days to get a miner to place the transaction you're referring to into a block in order to get that first confirmation. I'm guessing the transaction had an extremely small transaction fee attached that the miners didn't want to take at the time since there were other transactions with higher fees attached. If it was sent from your book, blame them for sending it with such a low fee.
If you're sending the transaction from your own wallet, do some research and see what the going rate is when u send it to get it sent in the next 1 or 2 blocks: https://bitcoinfees.earn.com/
Of the books I've withdrawn from (Bovada, 5Dimes, BetOnline, Nitrogen), they all sent me a payout with a reasonable fee attached so it confirmed within 1 or 2 blocks. If it took 2 days for a transaction sent by your book to get that first confirmation, they obviously see your payout as a low priority and you may need to consider complaining to them for causing a loss like that or finding another book who will make sure your Bitcoin is confirmed promptly.
With regards to wondering where are all the people who lost when the price dropped; you only lost if you cashed out and sold when the price dipped below the price you acquired it. It's like the stock market, everything is only on paper until you cash out. Some people here probably bought at $15k and are underwater, but they haven't lost yet because they haven't sold it for a loss and the price can rebound.
I sold all of my alts in December and cashed out for a profit and held onto some bitcoin which is now below what I bought ($12k price), but I'm still up overall including the payout I got earlier in the month from 5Dimes because of the profit from the alts. There's some people who didn't have the stomach to watch it drop more and sold out early and took heavy losses, but there's also people who are still holding on and haven't realized any losses yet since they haven't sold.
Last edited by mrpapageorgio; 04-22-18 at 07:53 PM.
Thank you for that very long explanation as how to correctly do a Bitcoin transaction. However, it's sounds way too complicated for me, as I like clear and crisp instructions, to either, get a payout or of course, a deposit.
My brain is either too old to comprehend this complicated way to use Bitcoin, or either, I get lost with all those instructions. [same thing?]
I pass again, but I do respect you for taking the time to post this information.
* Maybe, someday, I'll school myself on how to properly buy/sell/transfer Bitcoins? But right now, I am still not interested.
i cashed out 4k via bitcoin late last month it took 4 days to receive the funds
And the final cost?
As long as I know I'm receiving the money, 48-72 hours works for me and that's the window I see on SBR April Payouts (36, 48 twice, 72 twice and 61 hours). In my eyes anyone who HAS to have the money in minutes shouldn't be gambling. But I get it, when you hold that time frame up against Bookmaker, Heritage or BetOnline, it probably seems like an eternity. I'd just a soon have all the extra choices 5 Dimes gives on their betting menu and wait a few days for the $$$.
Very good sense-making reply.
The bettor pays again and again
This is what doesn't make sense to me. You're charged on every way possible [practically], whether it's dep/payouts/ or the other most irritating one; losing on Bitcoin type transactions.
We, the gigantic underdogs, are on the toughest road possible to begin with; trying win a payout from rich Books. What are the vicious percentages a sport's gambler's must hurdle, from rookies to old vet's, to possibly have a plus side on the total history of an individual's sport's gambling?
Strictly my guess; 92.5 % are in the hole, regardless, when they start or end this form of gambling. But those fees never stop coming, again, and again [practically].
* Ask Jordan or Barkley how they fared? Not sure though if Jordan played the sports?
Last edited by ABEHONEST; 04-24-18 at 10:56 AM.
^^^This.
I don't know about should not be gambling. But should stop whining about how many hours like it is a race.
Trouble is those types are the only ones that post about payout times so it seems like how many hours is actually important, when I suspect 80% of long time bettors are like you and I and not sweating it that hard.
Opti, that's a fair statement, like a "race." If we were hearing about no pays, I'd be concerned. But I'm not hearing that. I only threw the gambling in as a half jest, but the constant excuse I hear is "I have to keep my money in my account for an extra day and instead of the instant few hour payout that "X" sportsbook gives me, I'm going to piss away my winnings"......again if your lack of self control is going to override your ability to wait for the money, you shouldn't be gambling. And many, not all, of these people are depositing and withdrawing $500 or less in a short time window when sportsbooks really weren't invented to be ATMs. To their credit, Bookmaker, Heritage and BetOnline, the other 3 of the big 4 US serving/facing sportsbooks, manage to make those small transactions work, but I'd think that's gotta catch up to them at some point. Maybe BTC makes it different so it won't, but it caught up to all books in the P2P arena.
I disagree,if you went to 2 grocery stores a lot and both had the same prices but 1 store you had to wait in a long line usually and 1 you did not,which store would you continue to go to? I love 5dimes,been betting there for 15 years almost everyday,however there is no excuse for call back indentification ,NONE
I'm under their impression their whole operation is circa 2005. Their web site menu looks that old and the new security layer of having to confirm when using a different browser or device is different than anyone I've experienced. I don't know if this call back ID thing is part of that.
Michael777, I get what you're saying, but they don't have the same prices. The sports menu at 5 Dimes, if I can call that a price, is far better than the other 3 books. And with the checkout line analogy, it's not the same. You don't sit and wait at your computer for the extra 24-36 hours that 5 Dimes takes for many people and stare at it, you sleep, eat, work and do whatever while the money is en route to your wallet. If you're stuck in a grocery line, you're either looking at your phone or looking at pictures of Princess Kate in People Magazine.
5Dimes is like WalMart. Sure, the lines get long, but they have a better selection than anyone and have competitive prices. If the long lines ruin it for you, then by all means, shop somewhere else. For me, the lines (which aren't even that long in the grand scheme of things) are far outweighed by the other factors.
Back to @Microphone's previous point, if you MUST have your money NOW, then that seems to me like an indication that you're gambling with money that you shouldn't be. If that's true, then 5Dimes' payout wait time isn't the real problem....
Hmm, are all gambler's here living in denial? The costs, gents, the costs?
In defense of the people who are bitching about 5 Dimes and the up to 48 hours advertised on their web site to receive a BTC withdrawal as opposed to the 24 minutes to 24 hours of the other major books, I think those posters are saying "why not 5 Dimes?" when the others can do it quicker. I'm not so sure they NEED the money right away. I was just using an old adage about "you shouldn't be gambling if you need the money pronto" although maybe I underestimate that crowd.
I think 5 Dimes really is trying to be pro-active about security because they were way behind just on their web site alone. It wasn't until sometime last year they had a secure website with the HTTPS address prefix implemented; they had the old HTTP last year!! I just think like the look of their website, they're slow to the game in many respects. In some ways that's not good. But maybe NOW they put themselves in a position to be less likely do go through what BetOnline just went through. I don't know. I'll roll the dice and keep some of my action there.
I just did a withdraw from BOL and got a buck more according to Blockchain on arrival.Hmm, are all gambler's here living in denial? The costs, gents, the costs?
I deposited it elsewhere and it ended up a buck less than I had started with after miners fees. If I had withdrawn it would cost me $2.50 to sell it and nothing to withdraw it to my bank.
This is is the normal experience, despite how hard it has been for you.
Good for you OPT. and I am sure it's the same for many others on here recently. However, we all know Bitcoin is on a strong rise as of [?] the past 2 weeks. So, yes, I assume many Bitcoin transactions are doing fine, expense wise.
We also know this will drop sooner or later and some will be trapped with losses such as mine.
* I made it crispy-clear how the gambler loses his money in several different manners. Book fee; Bitcoin fees; and even possible bank fees, etc. Plus, many lose some value when using Bitcoins. As I said, 3 weeks ago, I lost 125.00 on my Bitcoin value.
** I'll get back when I have more time, talking about these fees for I am extra busy now.
*** Still: The major point regardless of any Bitcoin transactions, is this question; why do Books [ or their processors] feel a need to charge you, the customer, whether you dep/withdraw?
And don't forget, the chances of winning a payout that will keep your head above water--I estimated, 92.5% will never get ahead of Books they deal with in their entire gambling history. In the long run. Yet those fees are right there with your on you treacherous gambling journey.
Last edited by ABEHONEST; 04-25-18 at 10:14 AM.
If we didn't need the money, we may never request a withdrawal then...might not even play
It's not only about the timeframe. How about when I withdraw via 5Dimes 50% of the time I get some type of verification needed, I am not BTC exclusive because I had $5 left when I deposited, etc. Why is it that when I withdraw with 5Dimes I think "what kind of crazy scenario are we going to have this time"? I have been with them for 14 years. None of my information has ever changed. I completely appreciate their need for security. Why is it that other shops can do it much easier and less intrusive?
How come when I withdraw from a shop like Heritage and I click the button I can count on it being there in 4 hours without any issues? I don't think it's because Heritage is less safe, I think it's because they don't play games and are much more efficient. It's not a bad thing to want 5Dimes to improve on their BTC payout efficiency.
Where are you betting? There are plenty of books that don't charge fees for deposits or withdrawals. This is especially true if you use Bitcoin for all of your transactions. I see all these posts from you complaining about losing money everywhere, and there's a reason that you don't have a chorus of people supporting what you say. I think you need to start looking at your options.Good for you OPT. and I am sure it's the same for many others on here recently. However, we all know Bitcoin is on a strong rise as of [?] the past 2 weeks. So, yes, I assume many Bitcoin transactions are doing fine, expense wise.
We also know this will drop sooner or later and some will be trapped with losses such as mine.
* I made it crispy-clear how the gambler loses his money in several different manners. Book fee; Bitcoin fees; and even possible bank fees, etc. Plus, many lose some value when using Bitcoins. As I said, 3 weeks ago, I lost 125.00 on my Bitcoin value.
** I'll get back when I have more time, talking about these fees for I am extra busy now.
*** Still: The major point regardless of any Bitcoin transactions, is this question; why do Books [ or their processors] feel a need to charge you, the customer, whether you dep/withdraw?
And don't forget, the chances of winning a payout that will keep your head above water--I estimated, 92.5% will never get ahead of Books they deal with in their entire gambling history. In the long run. Yet those fees are right there with your on you treacherous gambling journey.
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