Topic: Anonibet Official Thread - Gold Member of Bitcoin Foundation - page 25. (Read 195844 times)

To prove my theory, I'm providing the method how to withdraw the bonus amount that had won at Anonibet while obeying all the terms and conditions specified by Anonibet.
Anonibet should define clearly if this is an abuse or not. Otherwise, it will be deemed as a scammer.

In these events, I picked relatively low surebet opportunities at Anonibet. However, these low surebets is regarded as the most lucrative ones compared to general surebet opportunities in the entire planet.

Event #1: Bologna vs. Ternana - Italy Serie B - 14.02.2014 14:00 GMT (3.09% surebet)

Bologna (Anonibet Solid odds @1.70 - Bonus odds 1.70 x 1.10 = @1.87) : Deposit 2673,8 mBTC to Anonibet and you have 2941,18 mBTC in your account. If Bologna wins, you will have 2941,18 mBTC x 1.70 = 5000 mBTC in your account. 4732,62 mBTC (Withdrawable amount) + 267,38 mBTC (Bonus amount)
Draw (Nitrogensports @3.51) : Deposit 1424,5 mBTC to Nitrogen and place a bet on draw with your full stake. If the event outcome is Draw, you will have 5000 mBTC in your account.
Ternana (Nitrogensports @6.65) : Deposit 751,88 mBTC to Nitrogen and place a bet on Ternana with your full stake. If the event outcome is Ternana, you will have 5000 mBTC in your account.

Note that your cost is : 4850,18 mBTC

Now, let's assume the event is finished and Bologna won. We have 4732,62 + 267,38 = 5000 mBTC in our Anonibet account. Possible event grade time by Anonibet is 14.02.2014 16:00 GMT
Repeat the procedure with Event #2. We should pick the event after 14.02.2014 16:00 GMT and Bitcoin network should find at least 1 block between 14.02.2014 16:00 GMT and Event #2 start time as Anonibet requires 1 confirmation for deposits.

Event #2: Heracles - Feyenoord - Netherlands Eredivisie - 14.02.2014 17:30 GMT (~2.15% surebet)

Feyenoord (Anonibet Solid Odds @1.60 - Bonus odds 1.60 x 1.10 = @1.76) : Deposit 5681,81 mBTC to Anonibet and you have 6250 mBTC (5681,81 + 568,181) + 5000 mBTC (won at Bologna match) in your Anonibet account. Note that you now have 10414,439 mBTC withdrawable amount + 835,561 mBTC in your bonus account. However, you cannot withdraw 10414,439 mBTC because you have to bet at least 6250 mBTC in order to be eligible for withdraw any amount according to deposit bonus rules. And now, we are placing this bet. Bet on Feyenoord with 6250 mBTC.

6250 x 1.60 = 10000 mBTC
According to FIFO method of Anonibet, you will have 5000 mBTC at Anonibet which can be withdrawn anytime. Note that you used the total bonus in Event #2. You have fulfilled the conditions completely, now. Either choose to withdraw 5000 mBTC or wait for the event(s) to be finished in order to benefit from deposit bonus once more because Anonibet is giving you this "opportunity", legitimately.

Draw (Nitrogensport @4.25): Deposit 2352,94 mBTC to Nitrogen and place a bet on draw with your full stake. If the event outcome is Draw, you will have 10000 mBTC in your account.
Heracles (Nitrogensport @5.7) Deposit 1754,38 mBTC to Nitrogen and place a bet on Heracles with your full skate. If the event outcome is Heracles, you will have 10000 mBTC in your account.

Note that our total cost for Event #2 is 5681,81 + 2352,94 + 1754,38 = 9789,13 mBTC
Total cost of Event #1 and Event #2: 4850,18 + 9789,13 = 14639,31

Let's assume Heracles won or Draw. We have 5000 mBTC at Anonibet which can be withdrawn anytime and 10000 mBTC at Nitrogen which can be withdrawn anytime, as well. A total of 15000 BTC with a cost of 14639,31 mBTC. 2.46% easy profit in 5 and a half hours and notice that I picked relatively low surebets.. You can find surebets up to 8 percent per event, anytime. So far I notice, average of these surebets are 5-6% per event.

If Feyenoord wins, repeat the procedure for Event #n.

In this regard, Anonibet's accusation to legitimate bettors for odds 1.01 has NO VALID GROUND and is an effort to hide its scam activity while they are giving this opportunity for each of every event!

If you have any other additional questions, you can ask me anytime.

Dear Anonibet,

You do not enter into this kind of discussion because you are cheating people with your unclear terms of conditions.

1. Yes, you should be ashamed of yourselves by this practice even though you are the first Bitcoin bookmarker to be launched in 2011, when only few people knew about Bitcoin. The next Bitcoin sportsbook, Nitrogen have been operating in a much fair manner.

2. I'm sorry for this information. I thought so when I see he replied to some accusations with his own name, previously (e.g. https://bitcointalk.org/index.php?topic=55365.msg8745537;topicseen#msg8745537) and withheld my 65 BTC for additional 2 days due to my report to Bitcoin Foundation.

3. The Deposit Bonus you have been giving can be subject to BENEFIT, not abuse, I am perfectly aware of it and I'm using it by following ALL your terms and conditions. However, the terms and conditions you specified is simply NOT CLEAR, as mentioned by numerous people in this thread. You simply CANNOT blame or intervene bettors for how they place their bets. Face the consequences if you are sincerely supporting Bitcoin. You have been giving an opportunity to bettors in order to destroy your competitors aggressively and hiding under Rule #5.08 in order to confiscate bettors' money.

Bettors are not the ones to be blamed if you give the opportunity to place a bet in any odds. Moreover, this surebet strategy that I mentioned previously can easily be applied for odds above 1.01. (e.g. 1.30 - 1.50 - 1.80 - 1.90 and maybe more). Basically it can be applied to any odds you provide from 1.01 to 2.00, according to my observations. In this regard, it is impossible for you to make a distinction between who is an abuser and who is not because your terms and conditions doesn't provide the DEFINITION of ABUSER or BONUS ABUSE, clearly. A bonus hunter or a surebettor or a chaotic neutral paladin or a fairy dragon (whatever it's called) has the right to place a bet on any odds at Anonibet when the right opportunity comes and you cannot intervene their TRADING DECISIONS. If you are intervening on how a bettor can bet, that is simply not a fair practice.

4. We will see. It's a way of saying "Anonibet cannot sustainably cheat bettors. Anonibet will definitely change its cheating methods, accordingly." Yeah, go ahead. Until you find a way not to cheat bettors, I'm after you and I'm committed that I will make every effort to identify your possible future scamming activities.

5. You are obliged to send me 5.076 BTC + daily interest rate of 0.5% since 10th of Feb = 5.1525 BTC for not providing a justification for the case, yet the discussion of the case is much more important for me. I want this case to be discussed publicly in a fair manner, with a 3rd party audit which will be decided mutually. I'm also waiting for Bitcoin Foundation's and SBR's respond on this case and so far I notice, they haven't responded yet. I sincerely believe that the importance of this case is extremely high for Bitcoin.

You are missing a point. The bonus can be withdrawn, in fact, but by losing the bonus (or the whole bet) at Anonibet. I can provide you several case scenarios to prove that is a surebet.
This is definitely a surebet if you REPEAT the aforementioned process until the event outcome in other sportsbook(s) is realized. In this strategy, we are assuming the bonus to be withdrawn at another bookie by losing at Anonibet in the next event and if not, in our subsequent event and so goes on.. In other words, we are sacrificing a small percentage of the bonus which had won in the previous event in order to claim it from Bookie X or repeating the process from start for ease of calculation.
Note that Anonibet allows bettors to deposit and benefit from 10% deposit bonus, while they have bonus in their accounts and also allows bettors to use the bonus at first (see: FIFO method practice).

I agree with users who mention that the terms of the bonus should be more clear. It is something that would save trouble for everyone, users and Anonibet.


That's not a surebet, I would even say that it is almost impossible to find one surebet between sportbooks of bitcoin.
If the bet cost 1976.65 mBTC and if you win the bet in Anonibet, you don´t have 2100 mBTC, you have 1912.83 mBTC (-63,82 mBtc of the bet size), the bonus does not belong to the real balance, is just a bonus, you can´t withdraw the bonus.


Update the terms of the bonus is best that could be done, I repeat, is the best for users and the sportbook, could mention the minimum odds and how many times the bonus can be used for each deposit. For example, if you say, "the bonus must be played with odds greater to X" or "bonus can be used X number of times in the same deposit" would be quite good.
Clearly, if someone performs many bets per day at odds 1.01 or similar, is an abuse, but if you do not clear up in the terms of the bonus, a user can rightly said that the rules are not clear.

35 people and you can't "fix" your affiliate program.

open a position for a decent IT guy if it is the truth

Dear Customers,

We do not enter into this kind of discussion, however I would like to underline few points.

1. Yes, we are proud to be the first Bitcoin bookmaker to be launched in 2011, when only few people knew about Bitcoin. The next Bitcoin sportsbook was launched 1 year after us.

2. Michael Hoshford is NOT CEO of Anonibet. In fact Anonibet does not have a CEO. We have 35 employees in total for the time being and we are actually hiring more people to grow further Anonibet.

3. The Deposit Bonus we are giving can be subject to abuse, we are perfectly aware of it. In fact we launched the Deposit Bonus in order to encourage NON-Bitcoin punters to switch to Bitcoin. We are fervent believers of Bitcoin, and we are putting all our efforts to promote it anywhere anytime. Unfortunately, some people pretending being from Bitcoin community are abusing our Deposit Bonus by placing 300 single bets per day on odds as little as 1.01 in order to make some extra Bitcoins. Bonus hunters only job is to place bets all day long to make few Bitcoins, this is a clear abuse and it is our right to cancel their bonus and bonus winnings (only).

4. These abusers will not stop Anonibet efforts to promote Bitcoin to NON-Bitcoin communities. We will introduce new terms and conditions in order to prevent them in the near future.

And yet a week later I still don't have my affiliate payment.
I've taken your banner off of my site.
You guys are something else.
 

Hello,

are you have problems with deposit at this time? Always getting balance nearly instant, now its stuck somewhere.

I was just messing around, buddy. Why so serious?
Anyway, Anonibet is here since 2011 but have at least 1 unsatisfied customer, now. Also you are telling the right thing. I agree with you. That uncertainty causes problems like that. Actually, I don't care much about that 5 BTC but it has a symbolic meaning.
I think I did the right thing.
Quote of the day: Some men just want to watch the world burn

Yeah I'm definitely not going to play at Anonibet after hearing what goes on there.  I would expect a better response from them then just "We've been around since 2011"

Unbelievable.

Preaching to choir I meant I understand the simple math and know how to calculate stakes and value of an arb  ("surebet"). That topic distracts from the issue though of having subjective terms that allow them to decide which bonus bets are valid, and which are not, after the fact. As far as I know bonus abuse is not a term defined on their website. Optimal strategy is to only bet at Anonibet when have bonus cash (or extremely rare times they might otherwise have the best odds without). I suspect they would call this abuse. So where is the line drawn? If there is no set line, huge advantage to book, high risk site for players. Not much other way to slice it.

Dude that's awesome!  Too bad they'll probably take it down now.

Let me tell you with an example.
Event: Anderlecht vs KAA Gent

https://www.anonibet.com/match.aspx?gm_id=907904
http://www.directbet.eu/Event.cshtml?EventID=27361017

Anonibet Under 5.5: 1.02
Directbet Over 5.5: 20

Max. Payout for the event at Anonibet : 2100 mBTC

1) Open https://en.surebet.com/calculator
2) Enter odds 1.122 (which we multiply 1.02 x 1.10 - that comes from deposit bonus) and 20, respectively. You have a 6.24% surebet now!
3) Enter 2174.32 for total stake.
You'll see the distribution of your stake as 2058.82 and 115.50, respectively.

4) Now, divide each of these stakes with 1.10 and you have 1871.65 and 105 mBTC to bet. Your total cost for this event is : 1976.65 mBTC, Deposit these amounts to relevant bookies and you have a surebet.
5) Let's see the payout.

If the event outcome is under 5.5, we will have 2100 mBTC from Anonibet. (1912.83 mBTC + 187.165 mBTC Bonus)
If the event outcome is over 5.5, we will have 2100 mBTC from Directbet.

Repeat the procedure for the future events until you lose at Anonibet for profit taking and pray for the outsider. You can also adjust your stake unevenly based on your guess. Since they have been using FIFO method, you will eventually take profit. For further reading: http://anonibet.tumblr.com/post/97885053360/anonibet-10-instant-deposit-bonus

For tips: 19EmupYAX8kWaj2uhoFMNAWgTiNCNi1k7S
I'll be waiting for Mr. Hoshford's tip, especially

I'm checking this out right now dude!  That's cool, I never thought there were many sports betting arbitrage opportunities in the bitcoin world.

You are preaching to the choir on the math. The fact you can arb with that bonus goes without saying. Seeing the bonus though I quickly figured this is like betting even money on their own markets, effective overround of 100%. Then noticed they use 1.90 at best on the 2-way markets that I looked at first. But still that's only a 0.50% advantage. If it was a onetime offer with with multi-account prevention I could swallow this. But the fact they fact they give you a bonus on every single deposit, no bookmaker could sustain risk management on that, and no smart player would ever bet their odds not having a bonus. This creates the situation where the site is left deciding after the fact what is bonus abuse and what is not. So my first glance opinion is that this is a scary site to bet at for players with a clue. My post was looking for specific examples of what constitutes bonus abuse (that part wasn't replied to) and if I got the example correct or not.

NBA point spreads are not favorable for a surebettor. Make your calculations for odds below 1.10 at Anonibet and you can find arbs up to 8% elsewhere.
Also, if you couldn't see that huge arbitrage opportunity at a first glance, I advise you to stop making effort for betting and study some math, especially equations with 2/3 unknowns.

Possible arbitrages between Anonibet and DirectBet/Nitrogen

Under/Over Bets: U/O 0.5 and 5.5 (Anonibet & Directbet) - arbs around 6%
Double Chance: Check 3-way Football events and find favorites around 1.30 - 1.50 odds range at Anonibet. Check their Double Chance odds at Anonibet and Outsider odds at Nitrogen and DirectBet. arbs around 4-8%
NBA: You can find arbs from 4% up to 7% with odds fluctuations in Nitrogen through the start of the event.

Pre-match betting more than 8 hours before the start of the event is not recommended due to low, immature pre-match odds.

Scouts honor this was no set up, I had no idea the next post would follow. I'm the main moderator of the sports betting subforum of large gambling forum 2+2, and I run a semi-popular information site about fiat currency sportsbooks and I am expanding to add one about bitcoin.

When digging on Anonibet the past couple days for my review, the bonus jumped out as being this exact scenrio that just showed up. There is no clear definition of what bonus abuse is. Who in the world with a clue wouldn't take maximum advantage of the bonus offered to them. This is what I meant when asked, if someone uses your bonus to only bet NBA point spreads at effective odds 1.99, repeats and makes no other bets when not having a bonus is this bonus abuse? If so, then if they made only half their bets this way is that bonus abuse? Is it 25%, 10% what is the threshold? Your site has terms where it can be left to your discretion whose winnings to take after the fact. It creates the scenario where can attract squares that just bet your horrible odds. Then those who take advantage of the bonus and are smart, if they run bad you can profit. If they run good you can call it bonus abuse? This is Costa Rica scam book like terms. If your site truly is serious and as reputable as you attempt to convey, you should consider changing the bonus terms and rules, so that policies are transparent and fair.

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You abused us and didn't provide a justification, this is why I'm going to public. You have an outstanding debt of 5.076 BTC + daily interest rate of 0.5% since 10th of February, 2015. You better be hurry and refund my hard earned funds and stop scamming people.

We have zero tolerance to companies like Anonibet.

Every time they SCAM people, their usual super-argument is:


Ridiculous