Topic: Blockbet.net has not paid 172.1 BTC from Saturday's bets - page 2. (Read 3220 times)

lol, sure, pocket change

gl OP, I'm constantly worried the same thing could happen at one of the BTC sportsbooks I have funds on.  Hopefully Pinnacle or someone else reputable opens up a BTC operation

Did you read what he wrote?  He said that he has heard of people sending coins and then finding out later that they did not get the same line they thought they were betting.  This cannot happen with a post up shop.

I am not disagreeing with your overall argument.

I agree that this theft is another black eye on the bitcoin gambling industry.  I really hope he is just short of BTC right now, but is a man about it and comes back to pay his debt. 

It's not clear to me why he would stiff the one largest bettor.  Why not stiff all bettors?  He sent me 64 BTC on Sunday, and clearly (from this thread) he did not have to do that.  The fact he has gone AWOL looks very bad though.  I hope he's not a true piece of garbage and that he contacts you with some kind of payment plan.

I posted in your scam accusation thread asking that he be given a scammer tag, just in case he tries to come back here without paying.

Your argument is patently false and only gains any traction by ignoring the supposition "all else being equal."

Does the player gain security by adding the intermediate step of having his money held in a 3rd party account as opposed to wagering directly from his wallet?  OBVIOUSLY NOT, SOLVE BY INSPECTION!  Once again, surely you can't be so daft as to suggest otherwise.

You can say that a post-up book may effectively approximate the ad hoc approach by shifting onus to the player to request payouts after completion of each wager.  This only increases his relative risk by creating a barrier of inconvenience and tacitly grants that the post-up model is inherently less secure.

This is not an attack on your book.  (I have plenty of other things to criticize for that purpose.  )  It is an argument from basic reason on a topic which is ultimately unimportant.

I won't derail your thread - but yes, all else being equal posting up is just as safe, if not a safer model.

I've heard complaints about line changes with the guys running the 'send coins to bet xxxx' model. Send coins at one line, have it booked at another (typically worse) line.

The reason the post up model is just as safe, with a trusted bitcoin book that has automated deposits and withdrawals - is that many players post up, bet, and withdraw directly after a game. Rinse, repeat several times a day. Risk is exactly the same as the no-account model.

We're not talking about the dinosaur model of having to leave funds offshore because it's such a pain to fund.

Anyway, best of luck and please keep us updated on the situation!

 

Thanks for the sentiment.  I've been stiffed for much more several times.  It was a likely outcome with this operator, I understood that risk.

Ceteris paribus, the Blockbet.net model is obviously safer for players than posting funds.  Surely you are not asserting otherwise.

Definitely a black eye for the entire community, really hope you get paid.

There is a reason most people stick to the few established books, most of these places barely have 2 months experience let alone 2 years+

People thinking that making wagers by sending btc per bet is somehow safer than having accounts is clearly a joke. You must trust the operator period, end of story.

I PM'd him, emailed him, and sent messages via his site.  He did not respond.  You can see from his forum account that he hasn't logged on here since locking the Blockbet.net thread.  I gave him a few days to respond or settle before reporting.

I posted to the scam forum.

From my amateur sleuthing of blockexplorer, I noticed he did pay some smaller bets on Saturday.  It's pretty common in the sportsbook world to stiff only the largest players for obvious reasons.

As I said above, I'm DOWN over 100BTC betting with him.  Based on what I see of his action from the address histories, I was overwhelmingly his largest gambler.  This is absolutely not a case of him just going broke from getting beat and running away.  He flat out stole the coins.

Probably to start his exciting new Bitcoin opportunities!  Yay anonymity!

This theft accusation was reported on an online gambling site: http://news.rouletters.com/sports-betting-blockbet-net-closing-shop-0001264.html

I hope blockbet makes good. Bitcoin has had enough bad press due to all the scammers that it has seen. We don't need any more.

What were the max bets at BlockBet if any?

I can't see how anyone would bet more than 10BTC at a time without some serious reputation at a shop.

You trying to get on everyone's ignore list?


Henry,

I assume you PMed blockbet?  No answer?  Why did you wait a few days to come forward?  Have you opened a scam accusation thread?

I made some wagers on that last day.  The winners were paid.  I also received refunds on my NBA Series bets for the series that started on Sunday.  Maybe he paid what he could and ran out of BTC???  It seems strange that he would pay some customers and not others.

Anyone else who got stiffed needs to come forward now.  Blockbet mentioned that he was planning on pursuing other BTC related business ventures.  He needs to address this reported theft.

Fuck. Best of luck getting it sorted!

crying over a measly 170 bitcoins my sides

Yes, we have established that he stiffed 8 winning graded bets for 172.1 BTC and weaseled out of 2 booked pending bets for 20 BTC.

Go back to begging, pathetic little troll.

Thank you for mentioning it this time around

I'm curious why you find this relevant and what color the sky is in your world?

thank you kindly for mentioning it.

Spare me your attitude.  He paid 0 BTC of 172.1 BTC owed on 8 winning wagers from Saturday.

Early Sunday, he did return 20 BTC in pending NBA first round series wagers.  This is unethical in itself, though obviously better than outright theft.

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are you conveniently forgetting to mention he refunded your bet??? or did he not do that?

Hope you get your coins back, best of luck to you.