BitCoin Sportsbook

**Hareeba!** · 07-27-11, 11:51 PM

Originally posted by boondoggle

Hareeba,

Lets agree to disagree and move on.

Do we disagree ?

I still don't know what you think the sportsbook offers because you haven't answered my question. So I can't agree or disagree but I suspect it's nothing for those who aren't caught up with this US nonsense.

**vill** · 07-27-11, 11:57 PM

never heard about that,so i think that is a bit risky.

**boondoggle** · 07-28-11, 12:10 AM

Originally posted by Hareeba!

Do we disagree ?

I still don't know what you think the sportsbook offers because you haven't answered my question. So I can't agree or disagree but I suspect it's nothing for those who aren't caught up with this US nonsense.

Hareeba,

We are going to agree to not communicate anymore. I have added you to my ignore list. Your posts add no value to my reading of this forum or site.

Also, by responding to your posts, I am compliant in filling this thread up with nonsense and it is detracting from the value of this thread---which is bitcoin and its advantages. BOL.

**Hareeba!** · 07-28-11, 12:24 AM

Originally posted by boondoggle

Hareeba,

We are going to agree to not communicate anymore. I have added you to my ignore list. Your posts add no value to my reading of this forum or site.

Also, by responding to your posts, I am compliant in filling this thread up with nonsense and it is detracting from the value of this thread---which is bitcoin and its advantages. BOL.

I'm afraid I'm going to have to correct you again. The title of the thread is Bitcoin SPORTSBOOK.

You are the one detracting from the thread by only wanting to discuss bitcoin rather than the thread's initial subject. But that's okay, you clearly have nothing to say about the Sportsbook.

**Extra Innings** · 07-28-11, 01:05 AM

Originally posted by Hareeba!

I'm afraid I'm going to have to correct you again. The title of the thread is Bitcoin SPORTSBOOK.

You are the one detracting from the thread by only wanting to discuss bitcoin rather than the thread's initial subject. But that's okay, you clearly have nothing to say about the Sportsbook.

Guys a scammer

boondoggle has a financial stake in the price of bitcoins going up

SBR Forum - Sports Betting Talk - Sportsbook Review Forum

http://forum.sbrforum.com/players-talk/1176094-bitcoin-sportsbook.html#post10831591

Sports betting and handicapping forum: discuss picks, odds, and predictions for upcoming games and results on latest bets.

**Hareeba!** · 07-28-11, 01:09 AM

Originally posted by Extra Innings

Guys a scammer

boondoggle has a financial stake in the price of bitcoins going up

http://forum.sbrforum.com/players-ta...l#post10831591

I wonder what His Holiness would make of him?

**boondoggle** · 07-28-11, 01:54 AM

Extra Innings,

Pointing people to a thread where I suggest investing in bitcoin and me being an advocate of bitcoin does not constitute a scam. A scam inherently involves fraud. There is no fraud going on here.

In this thread SBRJohn said, "great idea!" in post #11. Therefore, the owner of SBR must be in on the scam as well?

**Kurkapan** · 07-28-11, 02:20 AM

One theoretical question to all of you that like the bitcoin sportsbooks. How will a sportsbook survive with no player information - only user id and pass, no documentation asked at all etc. Imagine all the fraud, abuse, duplicate accounts, that will be going on every signle day. Even money laundering through it, all sorts of criminal activity, even stolen bitcoins with accounts. Who in their right mind would think this business can exist for long?

**byronbb** · 07-28-11, 02:30 AM

The real winner is the guy who starts the bitcoin payment processor for USD deposits.

**boondoggle** · 07-28-11, 02:30 AM

Originally posted by Kurkapan

One theoretical question to all of you that like the bitcoin sportsbooks. How will a sportsbook survive with no player information - only user id and pass, no documentation asked at all etc. Imagine all the fraud, abuse, duplicate accounts, that will be going on every signle day. Even money laundering through it, all sorts of criminal activity, even stolen bitcoins with accounts. Who in their right mind would think this business can exist for long?

A book can associate a player with a bitcoin deposit/withdrawal address. Before you withdraw you would have to submit papers just like with cash.

At btcsportsbetting.com my information is associated with one bitcoin address on file for deposits and withdrawals. You are thinking books will do what silk road does and that is not the case.

The book knows who you are...but the feds do not

**Extra Innings** · 07-28-11, 02:53 AM

Originally posted by boondoggle

Extra Innings,

Pointing people to a thread where I suggest investing in bitcoin and me being an advocate of bitcoin does not constitute a scam. A scam inherently involves fraud. There is no fraud going on here.

In this thread SBRJohn said, "great idea!" in post #11. Therefore, the owner of SBR must be in on the scam as well?

John is just shitting his pants because no one will give two flying fukks about reloading into legends for btp or "becoming pro" for Macy's gift cards....he's reaching for straws.

**boondoggle** · 07-28-11, 02:59 AM

Extra Innings,

Do you live with your parents or own a house?

**boondoggle** · 07-28-11, 03:04 AM

Originally posted by byronbb

The real winner is the guy who starts the bitcoin payment processor for USD deposits.

I thought bitpay was setup to do this?

**fizzwont** · 07-30-11, 01:36 PM

Pretty sure this btcsportsbetting is a scam. Nothing credited after hours, missed the 1pm MLB games. No responses to emails. Just what we need. Sticking with the only legit bitcoin bookie, btcsportsbet.com it seems. So much for line shopping.

**Frogger** · 07-31-11, 10:25 AM

Two issues here that shouldnt be tied together.

1. Bitcoins
2. these books

Hope we're not confusing the issue.

**elgreco** · 09-30-11, 01:15 PM

Just opened an account at BTCSportsbet. I can finally put my Bitcoin Miner to good use

**bigboydan** · 09-30-11, 02:00 PM

Originally posted by elgreco

Just opened an account at BTCSportsbet. I can finally put my Bitcoin Miner to good use

Keep us posted about your experiences with them sir.

**elgreco** · 09-30-11, 03:27 PM

Will do. If anyone is looking for a fee-free mining pool, I'm on www.rfcpool.com

**robmpink** · 09-30-11, 07:40 PM

Originally posted by elgreco

Will do. If anyone is looking for a fee-free mining pool, I'm on www.rfcpool.com

Can you elaborate? I live under a rock.

**chemicalbrother** · 09-30-11, 08:15 PM

Originally posted by elgreco

Just opened an account at BTCSportsbet. I can finally put my Bitcoin Miner to good use

so by the year 2019 you'll have like, 1 or 2 to play with?

**elgreco** · 10-01-11, 05:30 PM

The details are incredibly complicated, and I do not claim to know everything about how it works, but I'll break it down to the simplest level I can.

Bitcoins are a new e-currency. They are created by performing work ("Mining") for the bitcoin operation. The amount of work you have to perform to get one is called the "difficulty level" and that is adjusted to control the flow of new bitcoins into the marketplace.

The most efficient piece of hardware you can use for bitcoin mining is a GPU (video card). So, if you put your video card to work, you are rewarded with bitcoins. At the current difficulty level, a normal video card could take long long time to mine a Bitcoin Block (weeks, months). Pools are formed so that people can share this work, and divide the bounty.

Bitcoin blocks usually contain 50 Bitcoins (BTC), and at the level I'm at right now, I'm knocking out about a 1BTC a day.

Hope that helps, let me know if you have any other questions. If you really want to learn the serious details about it, check out the Wikipedia article on bitcoins, and I'll help translate what i can into plain English.

(To everyone else, please don't use this thread to voice your opinions on the bitcoin concept. Make another thread for that)

**elgreco** · 10-01-11, 05:31 PM

Originally posted by chemicalbrother

so by the year 2019 you'll have like, 1 or 2 to play with?

. I just started, but I have about 14 already. Going to add another video card Monday to boost production.

**Hareeba!** · 10-01-11, 05:46 PM

A couple of months back you will see that I was attempting to get some information on the merits of the sportsbook but Boondaggle refused to provide any information preferring instead to keep prattling on about bitcoins and then blocked my posts

So what is the sportsbook like?
How wide a range of sports are covered?
What limits?
What is the juice like?
If it weren't for the uniqueness of the currency would you bother playing there?

**bookie** · 10-01-11, 07:54 PM

Originally posted by Hareeba!

If it weren't for the uniqueness of the currency would you bother playing there?

No, of course not. I think all parties agree that it's a vanilla book with limited offerings. All agree no one would have the slightest interest in if it weren't for the possibility that Americans can deposit and withdrawal without all the hassle.

I don't know who you think you're arguing with Hareeba. This is a thread for desperate Americans. I know you like to come in and ha-ha them so have at it, but don't pretend that anyone thinks the sportsbook has any stand-alone value and you're just trying to point that out.

**Hareeba!** · 10-01-11, 07:59 PM

Originally posted by bookie

No, of course not. I think all parties agree that it's a vanilla book with limited offerings. All agree no one would have the slightest interest in if it weren't for the possibility that Americans can deposit and withdrawal without all the hassle.

I don't know who you think you're arguing with Hareeba. This is a thread for desperate Americans. I know you like to come in and ha-ha them so have at it, but don't pretend that anyone thinks the sportsbook has any stand-alone value and you're just trying to point that out.

Thanks Bookie, that's just as I expected,

it was boondaggle I was "arguing" with if you can call it that ... but he was so intent on discussing bitcoins that he flatly refused to address my questions about the sportsbook, saying I was off topic in a thread titled "BitCoin Sportsbook"

**elgreco** · 10-02-11, 09:06 AM

Originally posted by bookie

I think all parties agree that it's a vanilla book with limited offerings. All agree no one would have the slightest interest in if it weren't for the possibility that Americans can deposit and withdrawal without all the hassle.

That assessment seems fair at this point. It's a long ways away from being anything near the level of the big books. If you are not mining bitcoins, then I don't see any reason to play here. I'm planning on placing my first wagers this NFL weekend. I'll keep you guys posted on how it goes.

Who knows, it could turn into something nice one day.

**CollegeOverUnder** · 10-03-11, 02:56 AM

I no of another book that accepts BitCoins I havnt really done much research on the bitcoin method but I do like the book

**Hareeba!** · 10-03-11, 03:19 AM

Originally posted by CollegeOverUnder

I no of another book that accepts BitCoins I havnt really done much research on the bitcoin method but I do like the book

so, which book is that?

**elgreco** · 10-22-11, 12:18 PM

So far so good at btcsportsbet. I've only bet small amounts so far, but everything has been smooth. I was hoping I could fire off some bets to take advantage of inefficient lines, but from what I can tell he has the book tied to the Pinny lines. You don't really have a chance to jump on a bet before his site moves the lines to mirror Pinny.

**elgreco** · 11-20-11, 08:09 PM

I just cashed out for the first time. It showed up in my wallet almost instantly.

**offshoregenius77** · 11-20-11, 11:30 PM

Originally posted by elgreco

So far so good at btcsportsbet. I've only bet small amounts so far, but everything has been smooth. I was hoping I could fire off some bets to take advantage of inefficient lines, but from what I can tell he has the book tied to the Pinny lines. You don't really have a chance to jump on a bet before his site moves the lines to mirror Pinny.

He's shadowing the lines, but not the juice. Worth it though just to play with a currency thats gone from 0 to $30 back to near zero up to $12 back to about $2.

CRAZY!! Maybe you should just bet on where bitcoin is going.....

**elgreco** · 11-21-11, 09:23 AM

Personally, I don't see any catalyst out there that is going to stop bitcoin from bleeding to death. If you look at the BTC Chart from a technical standpoint, the stock is sick and probably going to slowly slide into oblivion. That being said, my miners are still chugging away

.

**offshoregenius77** · 11-21-11, 01:47 PM

Happy mining!

**elgreco** · 12-10-11, 10:40 AM

I found another!!!

http://www.sportstradingexchange.com

I'll make a small deposit this weekend and let you guys know how it goes. It looks interesting so far, at least for small time bettors.

**offshoregenius77** · 12-10-11, 12:01 PM

Originally posted by elgreco

I found another!!!

http://www.sportstradingexchange.com

I'll make a small deposit this weekend and let you guys know how it goes. It looks interesting so far, at least for small time bettors.

Ive been playing there a month. Heres the skinny so far:

- Paid me three times
- Liquidity is strong for ncaa hoops, nfl and ncaa football--- Not so strong for hockey and the financials yet
- They have to manually approve bitcoin(and convert to dollars themselves) , because of the fluctuations in price..Its an exchange, so you have to have the funds in order for them to pay the other side of your wagers. A friend of mine deposited bitcoins and it worked fine. I chose to use LR , as its stable and been around ten years as a currency.

- You can get them on the phone , and the guy actually knows what he's talking about.

I'm hoping they keep growing. So far so good.

OG