Sportsbook.ag payouts - Bitcoin advice needed

[djp2000]

I apologize for not posting in the newbie section since I am one, but this question isn't regarding how to use this site or anything, and I'm hoping the more experienced users will reply

I switched to sportsbook.ag years ago after having a difficult time receiving payout from betus.pa I was happy that sportsbook.ag offered check payouts for free once a month. At some point it changed to once a year but that was fine for me.
However, I just went to request my first payout in quite a while and discovered that it will only allow me payout by Bitcoin. And what's even more messed up is they seem to still list the check payout method but it's not available for all users. For some reason they're only allowing me to withdraw my money with Bitcoin (which I have to make a small deposit of in order to get my previous winnings).
I'm very upset about this and I know nothing about Bitcoin. I want to find out the quickest way I can convert the Bitcoin to cash and never use that site again. It seems like there's a site called Coinbase which will let you sell your Bitcoin with a 1% fee. But so let's say my balance is $1,000.00 on sportsbook.ag and I have them give it to me in Bitcoin - with the 3% fee for withdrawal - if I go to sell the Bitcoin they give me will it still roughly get me $1,000 when I go to sell it on Coinbase? (aside from the 1% fee they charge)
I'm just asking if Bitcoin will return me the same value when selling it. You would think it should but I feel like Bitcoin is a quasi-scam in some way and will not give me the same value back.

[littlekona]

Good move to leave betus and now to leave sportsbook.ag....i suggest heritage they are easily the best USA fiat book....on ure btc question I may lose a few bucks or gain some...if you cash out in a 24 hour window it will be minimal either way...but I do suggest you learn a bit on btc as it’s an incredible vessel to move funds In And out fast....

[icon]

I second Heritage as one of the best (top3) fiat books for US residents.

[pablo222]

I think littlekona is right that you should look into bitcoin, because there are ways to use it with out holding onto it.

https://www.sportsbookreview.com/forum/bitcoin-sports-betting/3344027-how-use-bitcoin-sports-betting-video-tutorial.html?slf=129

[pokerdevil]

It's annoying that Sportsbook.ag charges 3% on BTC withdrawals.

That said, they're a great book with generous bonuses. They always pay me, though I sometimes have to wait 7-10 business days.

[littlekona]

It's annoying that Sportsbook.ag charges 3% on BTC withdrawals.

That said, they're a great book with generous bonuses. They always pay me, though I sometimes have to wait 7-10 business days.

Sorry...No great book charges 3% btc fee and then makes u wait 10 days for payment....to be an A book same day btc payouts are Must

[djp2000]

The one time I requested payout from Sportsbook.ag previously I had to wait at least 8 weeks. And from what I've read, it was very problematic for people in 2015 and 2016. They may have started paying quicker after that, but this move to only paying Bitcoin is what really made me done with the site. Not to mention, they seem to allow some users a check payout still and others not. I'm one that they are only giving the Bitcoin option to, and probably most others as well.

It's annoying that Sportsbook.ag charges 3% on BTC withdrawals.

That said, they're a great book with generous bonuses. They always pay me, though I sometimes have to wait 7-10 business days.

[Crusherrr]

Sorry...No great book charges 3% btc fee and then makes u wait 10 days for payment....to be an A book same day btc payouts are Must

So if Heritage gave you 30-50% cash bonuses on every deposit you wouldn't be willing to pay 3% btc fee?

Anyways, learn bitcoin. It's actually very easy and I doubt once you use it this one time it will be the last time. Faster payouts, minimal fees, and books going to give better bonuses.

With heritage and bookmaker you can request a payout and spend the money in the same day on a debit card or get the money from ATM. Can't imagine that sounds bad to you.

[djp2000]

Thanks pablo222 for posting the link to the Bitcoin video tutorial. Here's another question: If I transfer/deposit my bitcoin money into a new sportsbook site I plan to use, would that remain as Bitcoin money or could I withdraw that money from the site as a check if the site has that option? Because if I can do that, I wouldn't even bother to sell the Bitcoin on Coinbase like I plan on immediately doing.

Also, the reason I left betus.pa years ago, was because when I went to cash out they told me I wasn't able to due to all the bonuses I had. Basically, I thought the bonuses they were awarding me were like free wins. Just like the word itself, I thought they were free bonuses on top of my earnings. But I didn't realize that somehow limited what I could withdraw or didn't seem to count as regular payout winnings. I then had to place many more bets and win a certain amount to finally eventually cash out. That is why to this day, I ignore all bonuses and didn't do any on sportsbook.ag Was there something I missed with this? I don't like that bonuses came with a caveat that I somehow missed in the rules or whatever. I just like straight winnings and knowing I can cash out my winnings with no problems.

[djp2000]

I second Heritage as one of the best (top3) fiat books for US residents.

This thread I came across shows that Heritage is now limiting some of their users to Bitcoin payouts as well though, so they're not one of the best FIAT options for me then. I'll check out Bovada or mybookie.ag maybe:

https://www.sportsbookreview.com/forum/sportsbooks-industry/3527906-heritage-question.html

[djp2000]

Good move to leave betus and now to leave sportsbook.ag....i suggest heritage they are easily the best USA fiat book....on ure btc question I may lose a few bucks or gain some...if you cash out in a 24 hour window it will be minimal either way...but I do suggest you learn a bit on btc as it’s an incredible vessel to move funds In And out fast....

This thread shows that Heritage is started to limit some users to Bitcoin payments as well though:

https://www.sportsbookreview.com/forum/sportsbooks-industry/3527906-heritage-question.html

[Optional]

Thanks pablo222 for posting the link to the Bitcoin video tutorial. Here's another question: If I transfer/deposit my bitcoin money into a new sportsbook site I plan to use, would that remain as Bitcoin money or could I withdraw that money from the site as a check if the site has that option? Because if I can do that, I wouldn't even bother to sell the Bitcoin on Coinbase like I plan on immediately doing.

Also, the reason I left betus.pa years ago, was because when I went to cash out they told me I wasn't able to due to all the bonuses I had. Basically, I thought the bonuses they were awarding me were like free wins. Just like the word itself, I thought they were free bonuses on top of my earnings. But I didn't realize that somehow limited what I could withdraw or didn't seem to count as regular payout winnings. I then had to place many more bets and win a certain amount to finally eventually cash out. That is why to this day, I ignore all bonuses and didn't do any on sportsbook.ag Was there something I missed with this? I don't like that bonuses came with a caveat that I somehow missed in the rules or whatever. I just like straight winnings and knowing I can cash out my winnings with no problems.

If you only want to move the money to another bookmaker, then all you need to do is create a free bitcoin.com/wallet to have Sporstbook.ag send your withdrawal to, and then immediately deposit to your new book.

How you can withdraw from the new site is up to their policy.

I "think" Heritage, Betonline, Bookmaker should all allow you to take a check. But if they think you are just using them once like a bitcoin exchange they may not.


Whilst you have some bitcoin, you may want to spend $10 of it to buy a Bitpay.com/card so you have an easy cheap option to cash out bitcoin if the new book ends up insisting on that.

It's basically a V card you can load with bitcoin which is instantly converted to US$, at a good rate. Can be used to pay for things or withdraw cash at any ATM.

[michael777]

[QUOTE=pokerdevil;28448203]It's annoying that Sportsbook.ag charges 3% on BTC withdrawals.

That said, they're a great book with generous bonuses. They always pay me, though I sometimes have to wait 7-10 business days.[/QUOT3% is crazy

[djp2000]

If you only want to move the money to another bookmaker, then all you need to do is create a free bitcoin.com/wallet to have Sporstbook.ag send your withdrawal to, and then immediately deposit to your new book.

How you can withdraw from the new site is up to their policy.

I "think" Heritage, Betonline, Bookmaker should all allow you to take a check. But if they think you are just using them once like a bitcoin exchange they may not.


Whilst you have some bitcoin, you may want to spend $10 of it to buy a Bitpay.com/card so you have an easy cheap option to cash out bitcoin if the new book ends up insisting on that.

It's basically a V card you can load with bitcoin which is instantly converted to US$, at a good rate. Can be used to pay for things or withdraw cash at any ATM.

Thank you for the insight regarding Bitcoin options. As far as the sites you suggested for check payouts, there is a thread on here (I posted the link in a couple of my replies above) about how Heritage is limiting some users to only Bitcoin payout now. So is Bovada good for me to switch to? Every site that grades sportsbooks or rates them by payout,etc. seems to give Bovada an A+ and have it at the top of their lists. That and I also see mybookie.ag although it doesn't seem to be listed on here.

[Optional]

Thank you for the insight regarding Bitcoin options. As far as the sites you suggested for check payouts, there is a thread on here (I posted the link in a couple of my replies above) about how Heritage is limiting some users to only Bitcoin payout now. So is Bovada good for me to switch to? Every site that grades sportsbooks or rates them by payout,etc. seems to give Bovada an A+ and have it at the top of their lists. That and I also see mybookie.ag although it doesn't seem to be listed on here.

That's why I wrote "think".

Pretty sure one of those posters Heritage asked to only used bitcoin was using them as a money exchange though.

Your money is safe at Bovada. They have good promotions/bonuses. Faster to get paid than sportsbook.ag generally.

[djp2000]

I swear this Bitcoin stuff is so much more complicated than I could've imagined - just with setting it up even. In addition to making an account on Coinbase (which verified my account and now keeps telling me I'm not verified when I go to send Bitcoin somewhere, which I've been in contact with the support team about over the last few days), Bovada is telling me that in addition to setting up the Bitcoin wallet account I also have to set up a Bitcoin exchange account.
I asked them if the exchange account can also be done on Coinbase but they're makingg it sound like a need to join a separate site called Blockchain for that. So everyone who uses Bitcoin has to make two separate accounts on different websites. This is such a damn hassle, all I want to is get rid of this Bitcoin that I'm stuck with from my current sportsbook site!

[littlekona]

Download the edge wallet or mycelium
set up coinbase to your bank via ach
then do book to wallet to coinbase on withdrawl and opposite for deposit

[Optional]

I swear this Bitcoin stuff is so much more complicated than I could've imagined - just with setting it up even. In addition to making an account on Coinbase (which verified my account and now keeps telling me I'm not verified when I go to send Bitcoin somewhere, which I've been in contact with the support team about over the last few days), Bovada is telling me that in addition to setting up the Bitcoin wallet account I also have to set up a Bitcoin exchange account.
I asked them if the exchange account can also be done on Coinbase but they're makingg it sound like a need to join a separate site called Blockchain for that. So everyone who uses Bitcoin has to make two separate accounts on different websites. This is such a damn hassle, all I want to is get rid of this Bitcoin that I'm stuck with from my current sportsbook site!

Coinbase is your exchange account.

What Bodog sound like they are trying to explain is that you should not send directly from them to Coinbase.

You "should" own your own wallet, that you have the private key for, to accept withdraws from and then send them on to Coinbase from there.

This is because Coinbase terms ask you not to send them gambling funds.



Anyway, if you only plan to use it once, just withdraw to Coinbase directly, stop asking questions, and move on.

[HedgeHog]

Thank you for the insight regarding Bitcoin options. As far as the sites you suggested for check payouts, there is a thread on here (I posted the link in a couple of my replies above) about how Heritage is limiting some users to only Bitcoin payout now. So is Bovada good for me to switch to? Every site that grades sportsbooks or rates them by payout,etc. seems to give Bovada an A+ and have it at the top of their lists. That and I also see mybookie.ag although it doesn't seem to be listed on here.

Heritage and Bovada are both good choices, but Mybookie is not IMO. Now if check payouts are important to you, I would avoid Heritage for now. I was recently limited to bitcoin withdrawals only after a decade of betting there and can't get a reason why. Bovada has a great sign up bonus and offers one free check every 90 days (otherwise a $100 charge--a little steep). Bookmaker is another A+ Book you should seriously consider. They have good cash bonus options and their checks come lightning fast, often in just a few days (no freebees though as you'll always pay a $50 fee).

[djp2000]

Coinbase is your exchange account.

What Bodog sound like they are trying to explain is that you should not send directly from them to Coinbase.

You "should" own your own wallet, that you have the private key for, to accept withdraws from and then send them on to Coinbase from there.

This is because Coinbase terms ask you not to send them gambling funds.



Anyway, if you only plan to use it once, just withdraw to Coinbase directly, stop asking questions, and move on.

What about for the other way around? I’m sending from Coinbase TO Bovada. Bovada’s telling me I need an exchange account on Blockchain in addition to the Bitcoin wallet.
So Bitcoin will be enough and I don’t need to join Blockchain then if I just want to transfer the money to Bovada? (The other option I guess would be to sell my Bitcoin and convert to cash and then just make a deposit on Bovada.)

[Optional]

What about for the other way around? I’m sending from Coinbase TO Bovada. Bovada’s telling me I need an exchange account on Blockchain in addition to the Bitcoin wallet.
So Bitcoin will be enough and I don’t need to join Blockchain then if I just want to transfer the money to Bovada? (The other option I guess would be to sell my Bitcoin and convert to cash and then just make a deposit on Bovada.)

"So Bitcoin will be enough and I don’t need to join Blockchain then" <-- this string of words makes no sense.

Please take the time to watch this basic introduction tutorial. https://www.sportsbookreview.com/for...-tutorial.html

If you still have a question afterward come back.

[eaglesfan371]

If you're a US customer, with no understanding of trading: send to coinbase (1.5% sell fee)
If you're a US customer with understanding of making trade orders like market, limit, etc: send to ItBit (0.25% sell fee)
If you're a EU customer, send to Bitstamp (0.25% sell fee)

There are others but those above are ones I have personally used without a single issue.

Earlier today I cashed out $1520 worth of bitcoin. Sent to exchange. 1 hour later sold it. Withdrew $1515 to my bank.

Realistically if you use a fiat book, like Sportsbook.ag, expect +/- 1%. So if you withdraw $1000, they take 3% fee, so they send you $970, you'll have roughly $965-$975 rec'd. Then you sell it, which can be as low as 0.25% fee, which would be $960-$970 to your bank account.

The bitpay option is also a method you can do but I have no experience with it personally, only exchanges ---> ACH transfer to bank.

[djp2000]

"So Bitcoin will be enough and I don’t need to join Blockchain then" <-- this string of words makes no sense.

Please take the time to watch this basic introduction tutorial. https://www.sportsbookreview.com/for...-tutorial.html

If you still have a question afterward come back.

I meant to say "so Coinbase will be enough and I don't need to join Blockchain then?" but apparently the answer is no because the Bovada agent says they "always suggest having a personal wallet such as Blockchain.com. This will ensure that Coinbase will not suspect any transfers going to an online gaming site." So I guess I need accounts on two separate sites which is pretty annoying. Not to mention, Coinbase keeps giving me errors with my ID verification and I've been trying to make one little transaction for 3 days now. (Believe me it's not me - I've uploaded my driver's license, etc.; they just keep having glitches with my account which they're currently still working on.)

[djp2000]

If you're a US customer, with no understanding of trading: send to coinbase (1.5% sell fee)
If you're a US customer with understanding of making trade orders like market, limit, etc: send to ItBit (0.25% sell fee)
If you're a EU customer, send to Bitstamp (0.25% sell fee)

There are others but those above are ones I have personally used without a single issue.

Earlier today I cashed out $1520 worth of bitcoin. Sent to exchange. 1 hour later sold it. Withdrew $1515 to my bank.

Realistically if you use a fiat book, like Sportsbook.ag, expect +/- 1%. So if you withdraw $1000, they take 3% fee, so they send you $970, you'll have roughly $965-$975 rec'd. Then you sell it, which can be as low as 0.25% fee, which would be $960-$970 to your bank account.

The bitpay option is also a method you can do but I have no experience with it personally, only exchanges ---> ACH transfer to bank.

But I was saying that I don't like that I have to make accounts on two separate sites according to Bovada in order to send Bitcoin into the account I'm going to set up on there.
The Bovada agent says they "always suggest having a personal wallet such as Blockchain.com. This will ensure that Coinbase will not suspect any transfers going to an online gaming site."

[eaglesfan371]

But I was saying that I don't like that I have to make accounts on two separate sites according to Bovada in order to send Bitcoin into the account I'm going to set up on there.
The Bovada agent says they "always suggest having a personal wallet such as Blockchain.com. This will ensure that Coinbase will not suspect any transfers going to an online gaming site."

Blockchain wallet literally needs an email. That's it. If you don't want to give your real email, take 2 mins and create a new one.

[djp2000]

So do most of these good reputable sites like Bovada require users to make both a Bitcoin wallet (on one site like Coinbase) and a separate exchange account (on another like Blockchain) to use Bitcoin?
Any sportsbook site I choose to transfer my Bitcoin to is going to make me do 2 separate accounts to use them?? Just seems like a lot of setting up accounts.

[Crusherrr]

So do most of these good reputable sites like Bovada require users to make both a Bitcoin wallet (on one site like Coinbase) and a separate exchange account (on another like Blockchain) to use Bitcoin?
Any sportsbook site I choose to transfer my Bitcoin to is going to make me do 2 separate accounts to use them?? Just seems like a lot of setting up accounts.

Then quit complaining and don't use the bitcoin. It's literally so simple my grandfather knows how to use it. Go back to pretending its 2011 and bring your sketchy checks to the bank and see what they say

[Optional]

So do most of these good reputable sites like Bovada require users to make both a Bitcoin wallet (on one site like Coinbase) and a separate exchange account (on another like Blockchain) to use Bitcoin?
Any sportsbook site I choose to transfer my Bitcoin to is going to make me do 2 separate accounts to use them?? Just seems like a lot of setting up accounts.

You need a wallet of you own (which takes all of 2 mins to download or register), and an exchange to cash out at (which you already have).

If that is too much setting up for you, then the decision is made. Bitcoin is not for you.


Do exactly what you said in post #1 of the thread. Just cashout from your Sportsbook account direct to your Coinbase account, cash out to your bank, then move on and forget bitcoin.

[djp2000]

Then quit complaining and don't use the bitcoin. It's literally so simple my grandfather knows how to use it. Go back to pretending its 2011 and bring your sketchy checks to the bank and see what they say

If you were a smart person you'd realize I said in the very first message that sportsbook.ag switched their payouts to Bitcoin and I have to use it, there's no choice. I'm trying to get rid of it. So don't tell me to not use it.
In fact you said good things about Sportsbook in your other comment to me recently while everyone else speaks bad about it and says they're one of the worst gambling sites now. So you're in your own world apparently.
I've had no problem bringing checks to the bank at all. But it's using Bitcoin that now means I have to create accounts on two different websites in addition to the gambling site I'm joining. Yeah go tell your grandfather (who I'm sure is long dead) to go do that.

[djp2000]

You need a wallet of you own (which takes all of 2 mins to download or register), and an exchange to cash out at (which you already have).

If that is too much setting up for you, then the decision is made. Bitcoin is not for you.


Do exactly what you said in post #1 of the thread. Just cashout from your Sportsbook account direct to your Coinbase account, cash out to your bank, then move on and forget bitcoin.

Ok just Bovada is telling me Coinbase is not enough for the exchange portion and to use Blockchain. You said I have an exhange already, do you mean Coinbase? Because Bovada keeps telling me Coinbase is not enough. That's what I don't get. I want to tell them I do have an exchange account like you're saying, what should I say to them? They're saying Coinbase is only the wallet and not an exchange account.

[Optional]

Ok just Bovada is telling me Coinbase is not enough for the exchange portion and to use Blockchain. You said I have an exhange already, do you mean Coinbase? Because Bovada keeps telling me Coinbase is not enough. That's what I don't get. I want to tell them I do have an exchange account like you're saying, what should I say to them? They're saying Coinbase is only the wallet and not an exchange account.

If you only plan to use it once, none of that matters. You don't care about losing the account. And there is no need to explain anything to Bovada. You just need to give them an address to send your cashout to.

Log into your Coinbase account, choose the bitcoin wallet they have for you in there, click receive/deposit, and get the receive address for Bovada to send to. Viola, you are now done with your bitcoin involvement. Just sell that bitcoin to coinbase and have them send the $ to your bank.


If you have decided that is not all too much effort and too difficult and want to use it ongoing. Register a private bitcoin wallet you own, and get a receive address from it, and give that to Bovada to send your bitcoin to.

And then you send it to Coinbase to cashout yourself. From your own wallet.


And please watch the beginners tutorial linked above before asking more questions, and especially before complaining again.

[Crusherrr]

If you were a smart person you'd realize I said in the very first message that sportsbook.ag switched their payouts to Bitcoin and I have to use it, there's no choice. I'm trying to get rid of it. So don't tell me to not use it.
In fact you said good things about Sportsbook in your other comment to me recently while everyone else speaks bad about it and says they're one of the worst gambling sites now. So you're in your own world apparently.
I've had no problem bringing checks to the bank at all. But it's using Bitcoin that now means I have to create accounts on two different websites in addition to the gambling site I'm joining. Yeah go tell your grandfather (who I'm sure is long dead) to go do that.

You've been told half a dozen times now to just use coinbase and send the bitcoin to a site that will pay you out by check or sell the bitcoin on coinbase and have them send you the money to your bank. I can't imagine going through getting checks in 2019 from gambling sites when I can just request a payout from a book and get cash with it at the ATM thanks to bitcoin.


I use Sportsbook for their poker client and for their bonuses. You don't use them for either so you are much better off on a site like Bookmaker, Heritage, 5 Dimes, Betonline etc.

Also, my grandfather is not "long dead" but thanks for that.

[HedgeHog]

Our newbie OP is freaking out a bit because Sportsbook.com, a scummy book IMO, limited him to bitcoin withdrawals only--and he's never used it. It can be a little daunting, so we need to be a little more tolerant about his repetitive questions. He should also go over the bitcoin tutorial again, because that's how I learned it (and I'm old enough to be a grandpa). He'll figure it out.

[HedgeHog]

Here's another simpler solution to the OP's problem. Get a deposit BTC address from the Book he wants to send it to (like Bovada), then copy and paste it to his Sportsbook.com withdrawal. When Sportsbook.com gets around to sending it, he'll receive it at his new book.

[Crusherrr]

Here's another simpler solution to the OP's problem. Get a deposit BTC address from the Book he wants to send it to (like Bovada), then copy and paste it to his Sportsbook.com withdrawal. When Sportsbook.com gets around to sending it, he'll receive it at his new book.

Probably not a good idea seeing as Sportsbook is 5-7 business days for Bitcoin payouts.