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Topic: #1 RATINGS and REVIEWS of SPORTS BOOKS thread. Poster input appreciated. - page 34. (Read 89558 times)

hero member
Activity: 702
Merit: 500
anonibet.com
Coinbet was able to put a muzzle on players because of their rules. They were able to sneak up on us players because of this. In the future if a book puts in a rule where they can confiscate funds due to negative press, they will be rated "F".

Better late than never.

But you should go beyond this.
Anytime a book in relationship to questionable rules says "Yes, we do have that language in our T&C but we never enforce it", they should be asked to remove it if they never enforce it.



When Jetwin tells you "Yes, we have dozens of rules that allow us to steal player funds. But of course we will never do that", your response should be to tell them they're downgraded until they remove that language.
Instead you upgraded them when they told you that. (I know, you subsequently downgraded them due to time in existence).



Likewise Anonibet Michael - Your website states that all funds deposited should be rolled over one time, or will be charged 5% to withdraw.

When I questioned this, you stated that you never charge the fee, but that it is there because you don't want people using Anonibet as a bank and leaving many btc there that they don't intend to play.

If this is the case, why not remove that language from the website, and when you get someone you feel is parking a lot of btc to store at Anonibet, give the person individually a warning, and threaten him with that next time.
I really can't imagine that this scenario comes up very often.

Having that statement of the 5% fee hurts your business.
It's also a non-standard rule for a btc sportsbook, yet it's hidden in the T&C which most don't read.
It should be in bold letters on the deposit page if you keep the rule. But why would you keep the rule if it's never enforced?


Dear Gogo ppp,

Thank you for your comment. As I have already explained, we do not want to become a safe box. We have never applied this rule so far. I do not understand why this disturbs you. Since 2011, none of our customers has ever complained about not being paid. We have however experienced time to time delays in processing withdraws in our early days, but this was purely technical problems.

In 3 years time we never gave out a BONUS. the only time we did it, it was to apologize for an outage we had for few days. It was not a bonus to attract more customers, it was 0.1 BTC that we gave to all our active customers and with no betting requirement. That means our customers could immediately withdraw that amount without placing a single bet. Peepsplace can testify about that.

I understand your skepticism following bitcoin.cc disappearance but Anonibet is the wrong address to look into.
legendary
Activity: 3878
Merit: 1061
gogo- Where would you rank Jetwin? They are a "C-" now.

I think if they say they would never enforce all of the ripoff language - why don't they remove it?

See what their response is.

If it remains, then in the case of the next Bitcoin Rulez, they can use it to blackmail someone as they did with Rulez and get the player to keep his mouth shut while they rip off others.
OK- I'll address it tomorrow. I will first PM books with confiscation clauses and give them a chance to respond. Have to do some more Easter stuff but should be back some time tomorrow. If you see any books besides JetWin with confiscation clauses, let me know. It can't be the standard ones that they all have.
legendary
Activity: 1078
Merit: 1000
gogo- Where would you rank Jetwin? They are a "C-" now.

I think if they say they would never enforce all of the ripoff language - why don't they remove it?

See what their response is.

If it remains, then in the case of the next Bitcoin Rulez, they can use it to blackmail someone as they did with Rulez and get the player to keep his mouth shut while they rip off others.
legendary
Activity: 1078
Merit: 1000
gogo- I didn't recommend Coinbet. Posters said they were an "A" book. That's why the had a "C" rating.
Quote
I'm not going to put Coinbet on our recommended list at this time

Quote
Coinbet opened Jan 1, 2014, and they are located in Panama. Coinbet is offering the biggest bonus in the business right now at 125%. They also have the lowest hold and best lines in the business for Bitcoin books.
 
Coinbet got off to a very rough start with reports of slow plays a few days long for sports book players. There were also problems with the casino. We focus solely on the sports book so are unsure what happened with the casino. Payouts have become much faster now that things are automated. There have been payouts for large amounts. Coinbet does not have any no pays in their sports book.
 
Hopefully, for the players, Coinbet just had a couple of hiccups and things have turned around. [b]I'm not going to put Coinbet on our recommended list at this time.[/b] Our standards are very high. In order to be on a recommended list, a book must show a history of immediate payouts. Coinbet may have jumped the gun. If not for that slow start, Coinbet would be one of the best books for your arsenal. For the above reasons, Coinbet is unrated at this time.

I didn't mean to imply that you had recommended them.





legendary
Activity: 3878
Merit: 1061
gogo- Where would you rank Jetwin? They are a "C-" now. What other books do you disagree with?
legendary
Activity: 3878
Merit: 1061
gogo- I didn't recommend Coinbet. Posters said they were an "A" book. That's why the had a "C" rating.
Quote
I'm not going to put Coinbet on our recommended list at this time

Quote
Coinbet opened Jan 1, 2014, and they are located in Panama. Coinbet is offering the biggest bonus in the business right now at 125%. They also have the lowest hold and best lines in the business for Bitcoin books.
 
Coinbet got off to a very rough start with reports of slow plays a few days long for sports book players. There were also problems with the casino. We focus solely on the sports book so are unsure what happened with the casino. Payouts have become much faster now that things are automated. There have been payouts for large amounts. Coinbet does not have any no pays in their sports book.
 
Hopefully, for the players, Coinbet just had a couple of hiccups and things have turned around. [b]I'm not going to put Coinbet on our recommended list at this time.[/b] Our standards are very high. In order to be on a recommended list, a book must show a history of immediate payouts. Coinbet may have jumped the gun. If not for that slow start, Coinbet would be one of the best books for your arsenal. For the above reasons, Coinbet is unrated at this time.
legendary
Activity: 1078
Merit: 1000
Coinbet was able to put a muzzle on players because of their rules. They were able to sneak up on us players because of this. In the future if a book puts in a rule where they can confiscate funds due to negative press, they will be rated "F".

Better late than never.

But you should go beyond this.
Anytime a book in relationship to questionable rules says "Yes, we do have that language in our T&C but we never enforce it", they should be asked to remove it if they never enforce it.



When Jetwin tells you "Yes, we have dozens of rules that allow us to steal player funds. But of course we will never do that", your response should be to tell them they're downgraded until they remove that language.
Instead you upgraded them when they told you that. (I know, you subsequently downgraded them due to time in existence).



Likewise Anonibet Michael - Your website states that all funds deposited should be rolled over one time, or will be charged 5% to withdraw.

When I questioned this, you stated that you never charge the fee, but that it is there because you don't want people using Anonibet as a bank and leaving many btc there that they don't intend to play.

If this is the case, why not remove that language from the website, and when you get someone you feel is parking a lot of btc to store at Anonibet, give the person individually a warning, and threaten him with that next time.
I really can't imagine that this scenario comes up very often.

Having that statement of the 5% fee hurts your business.
It's also a non-standard rule for a btc sportsbook, yet it's hidden in the T&C which most don't read.
It should be in bold letters on the deposit page if you keep the rule. But why would you keep the rule if it's never enforced?
legendary
Activity: 3878
Merit: 1061
"A" rated books
Anonibet A (2011)

"B"rated books
NitrogenSports B+ (2012)

"C" rated books
Casinobitcoin C+ (2013)
Cloudbet C+ (2013)
SBObitcoin C+ (2013) *
Betcoinsports C (2013)
DirectBet C (2013)
Jetwin C- (2013)
BetOWI C- (2014) *
Bitbm C- (2013)

"D" rated books
Coindraft D+ (2014)
Roadbet D+ (2012)
BetVIP D+ (2014)
Bitcoinlivebets D- (2013)

"F" rated books
BetCas F
Bitcoinsport F
Coinbet F
Sportbet.im F
StakeBTC F
member
Activity: 112
Merit: 10
Can you please give BetCas and Sportbet.im a  grade of FFFF-?  Grin
Are you sure that they are the same? BetCas in business longer.

Well someone was able to retrieve their coinbet log in info through betcas, and sportbet's youtube links to coinbet so...

https://bitcointalksearch.org/topic/m.6309193
legendary
Activity: 3878
Merit: 1061
Can you please give BetCas and Sportbet.im a  grade of FFFF-?  Grin
Are you sure that they are the same? BetCas in business longer.
member
Activity: 112
Merit: 10
Can you please give BetCas and Sportbet.im a  grade of FFFF-?  Grin
legendary
Activity: 3878
Merit: 1061
It looks like Coinbet is going to stick to their liquidation story. This is similar to their fake $1m Super Bowl contest and March Madness contest.
legendary
Activity: 3878
Merit: 1061
If you guys want to send my your Coinbet account number and balance, I'll put it all together and try to work out a settlement agreement with Coinbet.
legendary
Activity: 3878
Merit: 1061
Quote
It has come to our attention that players are having problems with a bitcoin casino called CoinBet.cc, according to threads on BitcoinTalk.org

We will not be linking to them in this post, because we do not want to send an alleged scam site any traffic. However, in the spirit of full disclosure, CoinBet has previously advertised on this site, and paid for promotional posts on our feeds on reddit and other sites, but it is now our recommendation that players avoid depositing on CoinBet for the time being. We prefer not to jump to conclusions or put an advertiser on blast like this, but it’s not looking good for them right now.

UPDATE: It has now come to our attention that on the date of one of our recent press releases, one of Coinbet’s players “coincidentally” received an email from a Coinbet executive that just so happens to have the same name of BitcoinSource’s CTO. It’s not clear at this time whether they actually have someone on staff with the same name, or if they just lifted the name directly out of our press release to lend legitimacy to their scam (the latter seems much more likely), but we are investigating either way and will post if we find more info. BitcoinSource has no affiliation with Coinbet, other than the fact that they purchased paid advertising on our news portal and feeds.

We highly recommend that the bitcoin community avoid Coinbet like the plague, and withdraw any funds deposited there immediately.

If anyone from Coinbet, or any one else with any info, would like to contact us with any information that could help in our investigation, please do so using the contact us page on this site. We would especially like to hear from John Bauer, the apparent owner of Coinbet and VP of operations, but we will not be holding our breath.
http://bitcoinsource.net/problems-coinbet-casino/
legendary
Activity: 3878
Merit: 1061
Please post complaints if you are having problems dealing with a book on your own. Try on your own first but don't wait too long. Balances are high at Coinbet and they are stiffing multiple players. If a book doesn't pay or slow pays one person, they will be downgraded.
legendary
Activity: 1036
Merit: 1000
sports bettors needed for a new sports book ranking thread: https://bitcointalk.org/index.php?topic=577102.new#new

thanks for the help guys!
member
Activity: 103
Merit: 10
Wow, the floodgates are open now...people are just coming out of the woodwork at this point.

Lets hope you have some pull peeps, seems like A LOT of us could use your help.

From $300 to $340,000 NO ONE is getting their money.


Shut up how can u make jokes right now? Your greed is now affecting other people, now because of what u did myself and im sure others might have issues getting paid. What do u think a new book that has been out for 2 months is ready to give out that kind of money? Why would u want to have that kind of money in a start up book and also bitcoin book? Only an idiot as greedy as yourself would do such a bold, dumb move. Don't u know they have Pinnacle or other top notch books to take that kind of action, that will pay u when u win like this? I'm not making an excuse for this book but what do u think would happen given what u won?
I mean I could of got greedy and max deposited for the full 10k and got the full bonus but im not greedy and only deposited some to get a bonus. Now because of 1 fool I have to figure out if it is even worth it to try and arb out my money that is in here $1600. I have been around many different forums for years and have heard so many stories from posters around but BItcoinzRulez is definately the dumbest poster I have ever come across. Seriously who the hell can help u get that kind of money from a startup book? 340k LOL this has to be a joke...

So wait, a players expectation is they should only get paid if they win very little?  If a book lets you bet this much they have to be able to cover it.  are you a gambling retard?  you think a casino takes bets if they cant afford to pay the winner?  there's a reason blackjack tables have limits and casinos have to have enough cash on hand to cover all the chips on the floor.  

wow, never seen such ignorance.  its called liquidity, if they cant cover bets they cant allow people to place them.  i'm not at fault here for winning.  thats' just silly.


and to be crystal clear, apparently people with MUCH less money were already having trouble getting paid.  seems like they were never a legit book.  there's a reason that my post has stirred a response from others using and having issues with coinbet.
Dude do u hear yourself? Your the idiot who would think to trust that kind of money in a bitcoin book. Don't come blaming me because your to stupid to realize this. If u want players expectation and what crap loyalty for players then why are u here? Go to SBR and pick one of there A rated books if u want this u stupid idiot.
Yes u are definitely now the dumbest poster I have ever come across.
member
Activity: 112
Merit: 10
Wow, the floodgates are open now...people are just coming out of the woodwork at this point.

Lets hope you have some pull peeps, seems like A LOT of us could use your help.

From $300 to $340,000 NO ONE is getting their money.


Shut up how can u make jokes right now? Your greed is now affecting other people, now because of what u did myself and im sure others might have issues getting paid. What do u think a new book that has been out for 2 months is ready to give out that kind of money? Why would u want to have that kind of money in a start up book and also bitcoin book? Only an idiot as greedy as yourself would do such a bold, dumb move. Don't u know they have Pinnacle or other top notch books to take that kind of action, that will pay u when u win like this? I'm not making an excuse for this book but what do u think would happen given what u won?
I mean I could of got greedy and max deposited for the full 10k and got the full bonus but im not greedy and only deposited some to get a bonus. Now because of 1 fool I have to figure out if it is even worth it to try and arb out my money that is in here $1600. I have been around many different forums for years and have heard so many stories from posters around but BItcoinzRulez is definately the dumbest poster I have ever come across. Seriously who the hell can help u get that kind of money from a startup book? 340k LOL this has to be a joke...

So wait, a players expectation is they should only get paid if they win very little?  If a book lets you bet this much they have to be able to cover it.  are you a gambling retard?  you think a casino [should] take bets if they cant afford to pay the winner?  there's a reason blackjack tables have limits and casinos have to have enough cash on hand to cover all the chips on the floor.  

wow, never seen such ignorance.  its called liquidity, if they cant cover bets they cant allow people to place them.  i'm not at fault here for winning.  thats' just silly.


and to be crystal clear, apparently people with MUCH less money were already having trouble getting paid.  seems like they were never a legit book.  there's a reason that my post has stirred a response from others using and having issues with coinbet.

i dont want to start trouble in this thread so if you want to continue this conversation pleases move over to https://bitcointalksearch.org/topic/m.6295918
member
Activity: 112
Merit: 10
Great thread! This should prevent people from getting scammed by shady books like coinbet. I was actually thinking of trying them out too until I found this thread and BitcoinzRulez's story.

BitcoinzRulez, sorry for your loss. Thanks for warning the community!


I'm already saving the bitcoin community money.  You're welcome.
member
Activity: 103
Merit: 10
Wow, the floodgates are open now...people are just coming out of the woodwork at this point.

Lets hope you have some pull peeps, seems like A LOT of us could use your help.

From $300 to $340,000 NO ONE is getting their money.


Shut up how can u make jokes right now? Your greed is now affecting other people, now because of what u did myself and im sure others might have issues getting paid. What do u think a new book that has been out for 2 months is ready to give out that kind of money? Why would u want to have that kind of money in a start up book and also bitcoin book? Only an idiot as greedy as yourself would do such a bold, dumb move. Don't u know they have Pinnacle or other top notch books to take that kind of action, that will pay u when u win like this? I'm not making an excuse for this book but what do u think would happen given what u won?
I mean I could of got greedy and max deposited for the full 10k and got the full bonus but im not greedy and only deposited some to get a bonus. Now because of 1 fool I have to figure out if it is even worth it to try and arb out my money that is in here $1600. I have been around many different forums for years and have heard so many stories from posters around but BItcoinzRulez is definately the dumbest poster I have ever come across. Seriously who the hell can help u get that kind of money from a startup book? 340k LOL this has to be a joke...
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