Topic: #1 RATINGS and REVIEWS of SPORTS BOOKS thread. Poster input appreciated. - page 44. (Read 89535 times)
April 03, 2014, 09:57:13 PM
I have been betting for about a week at coinbett.cc, haven't had a problem with the actual wagering or site functions. I have been doing quite well and 4 days ago did a test payout via bitcoin and in my transaction log it says "failed" with no explanation. So 48 hours ago I initiated another bitcoin payout and a Netteller payout. The site says both of these payouts will be a credited within 24-48 hours. I have received nothing as of yet and am starting to get worried if I was scammed out of the $200 I deposited initially.. Any feedback on anyone actually getting payouts from coinbet.cc??
April 03, 2014, 07:26:54 AM
Not sure if anyone has posted about CoinDrafts or not, I havent read back at all, but I have been using this site for a couple months now (maybe longer, idk im tired 
)
www.CoinDrafts.com
They started as a Daily Fantasy Sports site and just recently added a Sportsbook. Multiple withdraws that were successful, not instant but very fast grading of bets & also the fantasy sports games, live chat where the admin is almost always on, and some good guaranteed prize pools. Only issues Ive run into is bc the site is new there are a few bugs here and there, but the admins are fast to respond & fix any time I mention it to them on email or live chat.
Bitcointalk Thread: https://bitcointalksearch.org/topic/coindraftscom-bitcoin-sportsbook-fantasy-sports-no-accounts-live-chat-472907
They also offer a 0.005 deposit for new users in the Games & Rounds section somewhere.
)www.CoinDrafts.com
They started as a Daily Fantasy Sports site and just recently added a Sportsbook. Multiple withdraws that were successful, not instant but very fast grading of bets & also the fantasy sports games, live chat where the admin is almost always on, and some good guaranteed prize pools. Only issues Ive run into is bc the site is new there are a few bugs here and there, but the admins are fast to respond & fix any time I mention it to them on email or live chat.
Bitcointalk Thread: https://bitcointalksearch.org/topic/coindraftscom-bitcoin-sportsbook-fantasy-sports-no-accounts-live-chat-472907
They also offer a 0.005 deposit for new users in the Games & Rounds section somewhere.
April 03, 2014, 03:10:56 AM
Coinbet.cc still running ?
April 01, 2014, 04:52:31 AM
The courts have not been clear on the definition of gambling
Yes, they have been.
Also anyone quoting "legal council" but doesn't name them is a giant red flag.
A giant red flag for? It is quite obvious that people being cautious about being prosecuted are obviously on the *right* side of the law, do not intend to be anonymous and want a long term future for a business,
Kind regards,
BetVIP Support
April 01, 2014, 02:47:36 AM
The courts have not been clear on the definition of gambling
Yes, they have been.
Also anyone quoting "legal council" but doesn't name them is a giant red flag.
April 01, 2014, 02:44:22 AM
Cloudbet having some problems with deposits.
Quote
Cloudbet
Full Member
***
Online Online
Activity: 148
View Profile WWW Personal Message (Online)
Trust: 0: -0 / +0(0)
Ignore
Re: CLOUDBET is a SCAMbook
Today at 04:07:53 AM
Reply with quote #16
Hi folks,
If your deposits are not being credited instantly, please send the transaction hash to our support team at [email protected] and we will make sure they are credited promptly.
We will be migrating to an in-house system later in this week, and at that point will be able to process all deposits instantly. Thanks for your patience and understanding.
Cheers,
Cloudbet
Full Member
***
Online Online
Activity: 148
View Profile WWW Personal Message (Online)
Trust: 0: -0 / +0(0)
Ignore
Re: CLOUDBET is a SCAMbook
Today at 04:07:53 AM
Reply with quote #16
Hi folks,
If your deposits are not being credited instantly, please send the transaction hash to our support team at [email protected] and we will make sure they are credited promptly.
We will be migrating to an in-house system later in this week, and at that point will be able to process all deposits instantly. Thanks for your patience and understanding.
Cheers,
Cloudbet
April 01, 2014, 01:47:16 AM
Quote
Restricted Access
BetVIP.com does not accept US-based players and will be enforcing an IP block on all IP addresses that resolve to the United States.
This action is being undertaken after an extensive consultation with our experienced legal counsel and we believe it is best for the long-term future of our business.
The courts have not been clear on the definition of gambling, nor on what would constitute ‘legitimate gaming,’ nor are jurisdictions properly defined, and thus this is a proactive measure to protect those involved in the project from any possible prosecution under the Wire Act of 1961 or any other relevant anti-gaming legislation.
Please contact [email protected] for further information
BetVIP.com does not accept US-based players and will be enforcing an IP block on all IP addresses that resolve to the United States.
This action is being undertaken after an extensive consultation with our experienced legal counsel and we believe it is best for the long-term future of our business.
The courts have not been clear on the definition of gambling, nor on what would constitute ‘legitimate gaming,’ nor are jurisdictions properly defined, and thus this is a proactive measure to protect those involved in the project from any possible prosecution under the Wire Act of 1961 or any other relevant anti-gaming legislation.
Please contact [email protected] for further information
March 31, 2014, 10:25:27 AM
alabamafan1's post is another reason why "A" and "B" ratings can't be given so easily. The market is becoming more competitive and only the strong will survive.
March 31, 2014, 10:11:06 AM
New book http://gobetgo.com/
March 31, 2014, 10:08:07 AM
DirectBet- I think that you should lower your hold. Right now live betting is -434/+260. On the games starting tomorrow there are only RLs and no MLs. Pitt/Cubs RL game going tomorrow is -188/+118. On the same game RL Nitrogen has -159/+140.
When comparing our odds, please note of the following :
1) We give back 1% of bets stake through our VIP program, so essentially, if you bet frequently, the odds that you are getting are much higher than the quoted odds. In addition, those who bet frequently earn additional bonuses from various other promotions that we run, such as the 3 BTC sports betting contest that concluded a few hours ago.
2) You will be able to find better odds as we get closer to the event start time and odds are more reliable. This is important, because unlike other Bitcoin Sportsbook, we do not impose ridicules maximum bet sizes.
In the example that you gave, the maximum bet size on Pitt at Nitrogen is 1 BTC, while at DirectBet you can bet more than 14 BTC.
3) We have recently introduced a new feature that allows you to negotiate the odds and you can use it to get better odds for your bets. We have implemented this feature for the advantage of those of you who want better odds and it is especially useful in this case because odds are temporarily reduced as they are not yet reliable and should increase later on. Give it a try and you will see. Negotiate Cubs for +140. Your order will most likely get filled before the start of the game. You can read more about this feature here : http://www.directbet.eu/FAQ.cshtml#BetOptions
March 31, 2014, 03:36:18 AM
All books are going to be reevaluated and grades are going to be more stringent. New ratings will come out after the NCAA tournament. Payouts after the tournament mean a lot.
Book survey for added poster feedback http://peepsplace.com/ratings/?page_id=115
Book survey for added poster feedback http://peepsplace.com/ratings/?page_id=115
This page is not working properly. The bottom part is cut off and there is no way to submit the form.
March 31, 2014, 03:35:15 AM
DirectBet- I think that you should lower your hold. Right now live betting is -434/+260. On the games starting tomorrow there are only RLs and no MLs. Pitt/Cubs RL game going tomorrow is -188/+118. On the same game RL Nitrogen has -159/+140.
When comparing our odds, please note of the following :
1) We give back 1% of bets stake through our VIP program, so essentially, if you bet frequently, the odds that you are getting are much higher than the quoted odds. In addition, those who bet frequently earn additional bonuses from various other promotions that we run, such as the 3 BTC sports betting contest that concluded a few hours ago.
2) You will be able to find better odds as we get closer to the event start time and odds are more reliable. This is important, because unlike other Bitcoin Sportsbook, we do not impose ridicules maximum bet sizes.
In the example that you gave, the maximum bet size on Pitt at Nitrogen is 1 BTC, while at DirectBet you can bet more than 14 BTC.
3) We have recently introduced a new feature that allows you to negotiate the odds and you can use it to get better odds for your bets. We have implemented this feature for the advantage of those of you who want better odds and it is especially useful in this case because odds are temporarily reduced as they are not yet reliable and should increase later on. Give it a try and you will see. Negotiate Cubs for +140. Your order will most likely get filled before the start of the game. You can read more about this feature here : http://www.directbet.eu/FAQ.cshtml#BetOptions
March 30, 2014, 10:14:08 PM
DirectBet- I think that you should lower your hold. Right now live betting is -434/+260. On the games starting tomorrow there are only RLs and no MLs. Pitt/Cubs RL game going tomorrow is -188/+118. On the same game RL Nitrogen has -159/+140.
March 30, 2014, 03:25:29 PM
I'm thinking of revamping the ratings. Bitbook, Blockbet, Bit365 all looked like great sports books at one time and all are out of business. New bitcoin books keep opening up and they are trying to share the same piece of pie.
I think that longevity should play a higher role in the ratings system. . All books, with exception of Anonibet, they have been in business since 2011, should be knocked down a grade. A "B" book should be "B-", an "A-" should go to "B+". Jetwin down two grades since I jumped the gun. There are going to be many more bitcoin books to go under and an "A" rating should be reserved for books with a long term history.
If anyone disagrees, let me know now. Thanks
I think that longevity should play a higher role in the ratings system. . All books, with exception of Anonibet, they have been in business since 2011, should be knocked down a grade. A "B" book should be "B-", an "A-" should go to "B+". Jetwin down two grades since I jumped the gun. There are going to be many more bitcoin books to go under and an "A" rating should be reserved for books with a long term history.
If anyone disagrees, let me know now. Thanks
It doesn't matter how long the book is in business. All that matters is what practices they are taking to protect users funds.
Bitbook was considered by many the most trusted Bitcoin sportsbook, it was their slogan and they never failed to pay a winning bet. Yet one day they too disappeared without paying all their customers.
You might argue that the more time the book is in business, the less chance there is for them to disappear. But on the other hand, the more time the book is in business, the more customers they have, the more deposits they hold, the more incentive for them to steal it and disappear.
Take for example Full Tilt Poker. They were the second largest on-line poker room for a decade, endorsed by dozens of top players, you would have rated them AAA+++ and players felt confident to keep there millions, yet they too stole hundreds of millions dollars from players deposits and had Poker Stars not buy them out, most of that money would have been gone. Same for Ultimate Bet, Absolute Poker, all top on-line poker rooms at the time with the exception Poker Stars.
If security is your concern, for rating purposes, you should dig deeper into what is done to protect users funds.
I made a post here several weeks ago on this matter explaining what steps needs to be taken to protect users funds. Currently, no Bitcoin sportsbook offers any real protection on deposits and therefore none of them should be rated A.
I made this post before Bitbook went out of business and unfortunately I was spot on with my warning.
Here again is my post :
For your Bitcoins to be safe in a sportsbook account, the sportsbook needs to store all user-owned Bitcoins (deposits and winnings) in a separate account from the account used to pay for their daily operations, in a similar way that Poker Stars is doing for its Poker players. In addition, it needs to make sure that there is always more than enough funds in the segregated account to cover all user balances in the event that everyone will want to withdrawal their entire balances at the same time.
Furthermore, they need to prove that they control the Bitcoins in the segregated account, and allow an independent 3rd party to audit it at any time.
Finally, they need to demonstrate that access to the cold storage of Bitcoins is not limited to one or two persons, otherwise, in the unfortunate event that something terrible happens to them, the Bitcoins will be gone. For this reason, the sportsbooks need to provide a 3rd independent and trusted escrow service with an access to the segregated Bitcoins that are used to cover user balances, and an authorization to distribute them to their owners in unfortunate circumstances.
To the best of my knowledge, none of the Bitcoin sportsbooks follow this practice or a similar one, and therefore your Bitcoins are not safe in any of them.
Stating that they have the Bitcoins in a cold storage is meaningless. They need to prove it, they need to allow an independent 3rd party to audit it at any time, and they need to show how you will get your Bitcoins in the unfortunate event that the people in control of it die.
Recently, there have been many Bitcoin sportsbooks that disappeared with all user balances. Unfortunately, as history has learned us, this will continue as long as there is no true protection to the users, similar to the one provided by Poker Stars in the poker industry.
March 30, 2014, 01:00:26 PM
Anonibet A++ from me , (not using other books yet,any recomendation with parlay in it?)
fast deposit , fast withdrawl , and fast bet settled
fast deposit , fast withdrawl , and fast bet settled
March 30, 2014, 11:12:30 AM
I'm thinking of revamping the ratings. Bitbook, Blockbet, Bit365 all looked like great sports books at one time and all are out of business. New bitcoin books keep opening up and they are trying to share the same piece of pie.
I think that longevity should play a higher role in the ratings system. . All books, with exception of Anonibet, they have been in business since 2011, should be knocked down a grade. A "B" book should be "B-", an "A-" should go to "B+". Jetwin down two grades since I jumped the gun. There are going to be many more bitcoin books to go under and an "A" rating should be reserved for books with a long term history.
If anyone disagrees, let me know now. Thanks
I think that longevity should play a higher role in the ratings system. . All books, with exception of Anonibet, they have been in business since 2011, should be knocked down a grade. A "B" book should be "B-", an "A-" should go to "B+". Jetwin down two grades since I jumped the gun. There are going to be many more bitcoin books to go under and an "A" rating should be reserved for books with a long term history.
If anyone disagrees, let me know now. Thanks
It doesn't matter how long the book is in business. All that matters is what practices they are taking to protect users funds.
Bitbook was considered by many the most trusted Bitcoin sportsbook, it was their slogan and they never failed to pay a winning bet. Yet one day they too disappeared without paying all their customers.
You might argue that the more time the book is in business, the less chance there is for them to disappear. But on the other hand, the more time the book is in business, the more customers they have, the more deposits they hold, the more incentive for them to steal it and disappear.
Take for example Full Tilt Poker. They were the second largest on-line poker room for a decade, endorsed by dozens of top players, you would have rated them AAA+++ and players felt confident to keep there millions, yet they too stole hundreds of millions dollars from players deposits and had Poker Stars not buy them out, most of that money would have been gone. Same for Ultimate Bet, Absolute Poker, all top on-line poker rooms at the time with the exception Poker Stars.
If security is your concern, for rating purposes, you should dig deeper into what is done to protect users funds.
I made a post here several weeks ago on this matter explaining what steps needs to be taken to protect users funds. Currently, no Bitcoin sportsbook offers any real protection on deposits and therefore none of them should be rated A.
I made this post before Bitbook went out of business and unfortunately I was spot on with my warning.
Here again is my post :
For your Bitcoins to be safe in a sportsbook account, the sportsbook needs to store all user-owned Bitcoins (deposits and winnings) in a separate account from the account used to pay for their daily operations, in a similar way that Poker Stars is doing for its Poker players. In addition, it needs to make sure that there is always more than enough funds in the segregated account to cover all user balances in the event that everyone will want to withdrawal their entire balances at the same time.
Furthermore, they need to prove that they control the Bitcoins in the segregated account, and allow an independent 3rd party to audit it at any time.
Finally, they need to demonstrate that access to the cold storage of Bitcoins is not limited to one or two persons, otherwise, in the unfortunate event that something terrible happens to them, the Bitcoins will be gone. For this reason, the sportsbooks need to provide a 3rd independent and trusted escrow service with an access to the segregated Bitcoins that are used to cover user balances, and an authorization to distribute them to their owners in unfortunate circumstances.
To the best of my knowledge, none of the Bitcoin sportsbooks follow this practice or a similar one, and therefore your Bitcoins are not safe in any of them.
Stating that they have the Bitcoins in a cold storage is meaningless. They need to prove it, they need to allow an independent 3rd party to audit it at any time, and they need to show how you will get your Bitcoins in the unfortunate event that the people in control of it die.
Recently, there have been many Bitcoin sportsbooks that disappeared with all user balances. Unfortunately, as history has learned us, this will continue as long as there is no true protection to the users, similar to the one provided by Poker Stars in the poker industry.
March 30, 2014, 10:21:58 AM
I'm thinking of revamping the ratings. Bitbook, Blockbet, Bit365 all looked like great sports books at one time and all are out of business. New bitcoin books keep opening up and they are trying to share the same piece of pie.
I think that longevity should play a higher role in the ratings system. . All books, with exception of Anonibet, they have been in business since 2011, should be knocked down a grade. A "B" book should be "B-", an "A-" should go to "B+". Jetwin down two grades since I jumped the gun. There are going to be many more bitcoin books to go under and an "A" rating should be reserved for books with a long term history.
If anyone disagrees, let me know now. Thanks
I think that longevity should play a higher role in the ratings system. . All books, with exception of Anonibet, they have been in business since 2011, should be knocked down a grade. A "B" book should be "B-", an "A-" should go to "B+". Jetwin down two grades since I jumped the gun. There are going to be many more bitcoin books to go under and an "A" rating should be reserved for books with a long term history.
If anyone disagrees, let me know now. Thanks
March 30, 2014, 08:33:33 AM
Alabamafan1 on Bitbook
Quote
They have users 10+ days to withdraw their balance after they made the announcement they were closing. People who had 50+ BTC in bitbook did not have any problem withdrawing during those days and bitbook made it clear the site was going offline after 7 days had passed and they said it would be up for a few more days. Do not call bitbook a scam direct bet, they never were and it is not the fault of them that these users did not check their accounts or the latest news in 10+ days
It's irrelevant what term is used for Bitbook.biz, or, what the owner's intentions are or were.
"Do not call bitbook a scam direct bet, they never were and it is not the fault of them that these users did not check their accounts or the latest news in 10+ days"
It's also not the fault of their customers that they didn't feel a need to check in every 10 days to see if this book was going to go out of business and cut off all contact after 10 days.
He could still pay them - if he has the money to do so, and/or the desire.
The fact is that customers are being stiffed, and the owner is aware that he is stiffing them.
"I don't get it why would they pay everyone except a few people?"
I can only speculate -
perhaps he was under capitalized, and paid until he ran out of funds, at which point he cut off all contact;
perhaps he changed his mind and decided he wanted to keep some of the funds for himself.
"Give it time, maybe someone could figure out how to contact them."
Hopefully you are correct and he reappears and makes everyone whole.
March 30, 2014, 04:45:25 AM
Alabamafan1 on Bitbook
Quote
They have users 10+ days to withdraw their balance after they made the announcement they were closing. People who had 50+ BTC in bitbook did not have any problem withdrawing during those days and bitbook made it clear the site was going offline after 7 days had passed and they said it would be up for a few more days. Do not call bitbook a scam direct bet, they never were and it is not the fault of them that these users did not check their accounts or the latest news in 10+ days
It's irrelevant what term is used for Bitbook.biz, or, what the owner's intentions are or were.
"Do not call bitbook a scam direct bet, they never were and it is not the fault of them that these users did not check their accounts or the latest news in 10+ days"
It's also not the fault of their customers that they didn't feel a need to check in every 10 days to see if this book was going to go out of business and cut off all contact after 10 days.
He could still pay them - if he has the money to do so, and/or the desire.
The fact is that customers are being stiffed, and the owner is aware that he is stiffing them.
March 30, 2014, 04:34:32 AM
I'll post some rules of other post up books.
Bookmaker
1Vice - They can take all of your funds for multiple reasons.
1vice is a good place and won't screw people. I have used them and know of numerous people who have enjoyed there stay when they have played there.Bookmaker
Quote
26. BookMaker reserves the right to take away any bonus -such as a free plays- any time, without explanation
1Vice - They can take all of your funds for multiple reasons.
Quote
Other sanctions could include:
Administration fees
Refusal of payouts
Reversal of wagering transactions
Administration fees
Refusal of payouts
Reversal of wagering transactions
U know what I just realized that also accepts bitcoins and gives out good bonuses and have been around for a few years already. Betowi and sportsbettingonline, both owned the same Betowi gives 100% bonuses. Probably good for a C rating and that $500 deposit bonus and betting a few hundred per bet. They do convert to usd but it's also 100%.
Also something else to note anything related to Pinnacle in anyway is an A++
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