Topic: #1 RATINGS and REVIEWS of SPORTS BOOKS thread. Poster input appreciated. - page 49. (Read 89538 times)

I have played at BTCSportsmatch on and off for a few years now.

1.  Deposits - since this is an exchange, the btc will not show up in your account until there are a number of confirms.  I can't remember but I think it takes somewhere between 4-6 confirms

2.  Withdrawals - withdrawals are instantaneous

3.  Liquidity - for major USA sports, liquidity is OK.  For major events, liquidity can be very good

See the last post in this thread for an example of liquidity on an NFL Playoff Saturday:

https://bitcointalksearch.org/topic/m.4451235

4.  Odds  - It's an exchange with a 1% fee paid by the winner.  They call it a "hybrid exchange" because the odds you get is the calculated vig free line at the time the bet is matched (based on the current Pinnacle line).  If the juice is -109 or less, they don't bother with calculating the vig free line (VFL) and you will get it at EVEN (+100).  For example, if an NBA game is Miami Heat -6.5 -109/New York Knicks +6.5 -101 on Pinnacle, you would get -6.5 +100 or +6.5 +100.  If the line went to -110/+100, you would get -6.5 -105 or +6.5 +105 because the VFL calc would kick in.  You pay a fee, so remember to add that to the calculation when determining the exact amount of juice you will pay.

Being a hybrid exchange has it's pros and cons.  Some in this thread say they wouldn't post offers because the line could move on Pinnacle.  Well, a pure exchange has a similar problem.  On a pure exchange, bots will hoover up any stale offers as soon as a line moves substantially on Pinnacle.  For example, if you wanted to bet the Knicks in the above example and so offered Miami -6.5 -104 on a pure exchange, it would get snatched up immediately if the line were to move to -7.5 on Pinnacle.  This was always a big criticism of Matchbook.  I am not sure if they have changed their software or not.

5.  Should you use it?  I consider the site to be safe, so it's a must out for me.  You can get bets down here for very negligible juice.  If you think about it, the internet based betting exchanges should have already made sports books obsolete.  The main thing holding back the exchange model is the ignorance of the typical sports bettor (most of the major bookies being old timers doesn't help either).

Crypto-currencies should likewise lead to a revolution in offshore gambling.  What will hold this movement back?  Also the ignorance of sports bettors, and the advanced age of the major bookmakers (they still can't get over how cutting edge using the internet to take bets is).

This site combines the best attributes of two killer apps - a betting exchange that uses a crypto-currency.  It's funny that the major books have been too stupid to figure this out.  It's so simple and so brilliant.

I expect liquidity should be pretty good for March Madness games.  Now would be a good time to try out the site.  As with any exchange, the more people who use the site, the more useful the site becomes.

Edit:  Just want to mention that I am approaching this from a USA-centric viewpoint.  I know about Betfair, etc.  I know it would be hard for a UK regulated exchange to accept crypto-currencies.  I am talking about offshore sites that ignore applicable laws.

Here's the email that SBOBitcoin sent to me.



I then went to live chat and took my money out. They sent it in bitcoins.

I've contributed to this thread.

As recently as 5 hours ago, Peeps Place in reference to a suggestion of mine posted "Great idea! I'll post (m) next to the book. If you guys know of books manually grading, post them. I will look in to all."

No idea what you've contributed, nor what you feel is "fucking everything up", but it's of no interest to me.

Feel free to ignore my posts in the future.

So the reason you are fucking everything up is personal?

The concept of this thread is excellent.

The fact that the person "running" it is a total moron is unfortunate.

Gogo - Please stop. I took all the money out of my SBOBET account including the 10% bonus when I was asked what I wanted to do. I could have just put the money in a new account. Maybe it was the same account but they would have changed the Hong Kong dollar amount to reflect the exchange rate. I forget but I did make the withdrawal in bitcoins and I haven't gone back yet. I've played at almost all of the bitcoin books.

Raiders - You are the biggest fraud and the most loathsome and hated poster on all the sportsbetting forums, and this is an example:

"If you really had accounts with these books, as you have said, then you would have known this."

You didn't know yourself  or you would have stated it when I first raised the issue.

You just found out when Melody came back online. This is evident to anyone reading this thread.

Not only that, but you are the one with no account at the book:

"All accounts were shut down and people were given new accounts. You either had the opportunity to withdraw or transfer the money to the new account."

Wrong.  I reported above my acquaintance's experience - I can now state that mine was identical to my acquaintance's - they did a currency amount change - the account number and password is unchanged - there is no new account.

Even the people that took the 10% bonus that had not met the 3x roll were given the chance to withdraw all their money including the bonus.

Gogo- If you really had accounts with these books, as you have said, then you would have known this.

All accounts were shut down and people were given new accounts. You either had the opportunity to withdraw or transfer the money to the new account. They did this to change the exchange rate.

WARNING WITHDRAWN.

Someone contacted me and told me that his account had also been suspended.
He found out that:

Had nothing to do with VPN/no VPN login.

SBObitcoin locked all accounts (except Peeps based on what he says !!!?Huh) to do a currency update - changing all to a system based on 6k HKD/BTC rather than the previous 4k HKD/BTC.

Communication didn't exist for 5 hours or more.

Apparently and hopefully just a perfect storm appearing to be a situation following in the footsteps of too many other btc books.

Will report if any problem remains but an acquaintance informed me his account was now reactivated with the new HKD amount.

Hopefully all is well...

You can also reach them on Skype. Their username is sbobitcoin sbobitcoin.

Would you just chill. You are ruining one of the best threads here.
[/quote]

No shit. Last month the dude was complaining about how SBObitcoin was shady. Why the fuck would you put money into them if you thought that?

Melody from SBOBitcoin is back on chat.

Just got this message from chat

The entire thread is worthless if you are not willing to convey the most important info about a book possible - that it is having problems/closing/closed.

It's very irresponsible of you to post that the only issue is that the live chat has been down for a few hours , when:

1) You have no idea how long it's been;

2) It has NEVER been down before:

3) The live chat is not only down, but the email is down as well. But the site is up.

4) The accounts they set up for both you and I at Pinnaclesports are suspended, with no information available.


If any one of the above had occurred, an alternative explanation would be conceivable although extremely worrisome.

With all of these occurring simultaneously, it is evident what is occurring (or has occurred).

Would you just chill. You are ruining one of the best threads here.

"I said I couldn't get into my account."

Yes, and I can't get into my account. The agents who set it up are gone, and abandoned their website.


"Please take this to another thread to keep out the clutter."

I'll stay right here.
Nothing could be more important than this for why this thread exists.
What is the point of this thread, if not to alert people to a situation such as this, and to make the information public.

The only clutter is all of your bs.

I said I couldn't get into my account. You wrongly stated that my account was suspended. I had a different account suspended when I logged in from the US a while back. Please take this to another thread to keep out the clutter. I'm not looking for an argument.