These guys rock! If you need an invite code, PM me, the don't want me spamming the forum in my sig.
Seriously, I've had great fun at this site.
Topic: BTCSportsbetting.com Week 1 Report - Now Offering No-Juice Micro-Wagering!! (Read 774 times)
August 01, 2011, 11:28:11 PM
August 01, 2011, 11:04:35 PM
This is just a quick update on the first week of business of BTCSportsbetting.com and the announcement of a new No-Juice Promotion in our Sportsbook.
Our first week ended well from a business standpoint. We have more invite requests than we can handle but that will end soon. We expect there to be a 24-hour turnaround on getting Invites out to those requesting them starting this week.
Although we won’t disclose exact numbers I will say that our customers beat us in the Casino and lost in the Sportsbook.
All of the feedback we have received for the Casino has been positive. The only complaint we received for the Sportsbook was that our limit of 5 dBTC was too high. Our No-Juice Micro-Wagering promotion will hopefully alleviate this complaint and bring some new players to us that have never tried sports betting.
We have identified the need for automated deposits and withdrawals and made this a priority. Luckily we dodged a bullet prior to launch by choosing not to offer automated transactions as we were considering using MyBitcoin.com. Hopefully we will have an in-house solution soon. Since launch our deposit and withdrawal times have averaged less than 10 minutes, even after-hours. Our current system seems to be functioning satisfactorily with the one difficulty being that some after-hours deposits go unnoticed as we don’t have anyone actively monitoring for them. If you do send a deposit please utilize the Deposit Form in the Cashier to alert us of the incoming deposit and it will be promptly credited.
Now on for the good news; our new promotion.
No-Juice Micro Wagering!!!
We will now allow each customer to make two (2) No-Juice Wagers a day for up to 5 dBTC each.
How does this work?
We have our Sportsbook Software set to round to the nearest 1 dBTC and will now enable a minimum wager of only 1 dBTC. A dBTC is equal to 1/10 of a BTC just to be clear.
Each customer can make two wagers per day for up to 5 dBTC and take advantage of this rounding to make a No-Juice wager.
Examples:
You can bet any game up to -149 to win 1 dBTC and you will risk 1 dBTC to win 1 dBTC.
You can bet any game up to -124 to win 2 dBTC and you will risk 2 dBTC to win 2 dBTC.
You can bet any game up to -116 to win 3 dBTC and you will risk 3 dBTC to win 3 dBTC.
You can bet any game up to -112 to win 4 dBTC and you will risk 4 dBTC to win 4 dBTC.
You can bet any game up to -109 to win 5 dBTC and you will risk 5 dBTC to win 5 dBTC.
What does this mean?
It means that at the best you can get even money on an event that has almost a 60% probability of winning if you bet a game at -149 to win 1 dBTC. It won’t make you rich but you definitely have an edge.
The small print..
Any bets over the limit of two per day will be cancelled, this includes if one person is using multiple accounts (yes we can tell). Also No-Juice wagers will not count towards any rollover requirements.
If interested please Request an Invite at http://btcsportsbetting.com/requestinvite.htm
Our first week ended well from a business standpoint. We have more invite requests than we can handle but that will end soon. We expect there to be a 24-hour turnaround on getting Invites out to those requesting them starting this week.
Although we won’t disclose exact numbers I will say that our customers beat us in the Casino and lost in the Sportsbook.
All of the feedback we have received for the Casino has been positive. The only complaint we received for the Sportsbook was that our limit of 5 dBTC was too high. Our No-Juice Micro-Wagering promotion will hopefully alleviate this complaint and bring some new players to us that have never tried sports betting.
We have identified the need for automated deposits and withdrawals and made this a priority. Luckily we dodged a bullet prior to launch by choosing not to offer automated transactions as we were considering using MyBitcoin.com. Hopefully we will have an in-house solution soon. Since launch our deposit and withdrawal times have averaged less than 10 minutes, even after-hours. Our current system seems to be functioning satisfactorily with the one difficulty being that some after-hours deposits go unnoticed as we don’t have anyone actively monitoring for them. If you do send a deposit please utilize the Deposit Form in the Cashier to alert us of the incoming deposit and it will be promptly credited.
Now on for the good news; our new promotion.
No-Juice Micro Wagering!!!
We will now allow each customer to make two (2) No-Juice Wagers a day for up to 5 dBTC each.
How does this work?
We have our Sportsbook Software set to round to the nearest 1 dBTC and will now enable a minimum wager of only 1 dBTC. A dBTC is equal to 1/10 of a BTC just to be clear.
Each customer can make two wagers per day for up to 5 dBTC and take advantage of this rounding to make a No-Juice wager.
Examples:
You can bet any game up to -149 to win 1 dBTC and you will risk 1 dBTC to win 1 dBTC.
You can bet any game up to -124 to win 2 dBTC and you will risk 2 dBTC to win 2 dBTC.
You can bet any game up to -116 to win 3 dBTC and you will risk 3 dBTC to win 3 dBTC.
You can bet any game up to -112 to win 4 dBTC and you will risk 4 dBTC to win 4 dBTC.
You can bet any game up to -109 to win 5 dBTC and you will risk 5 dBTC to win 5 dBTC.
What does this mean?
It means that at the best you can get even money on an event that has almost a 60% probability of winning if you bet a game at -149 to win 1 dBTC. It won’t make you rich but you definitely have an edge.
The small print..
Any bets over the limit of two per day will be cancelled, this includes if one person is using multiple accounts (yes we can tell). Also No-Juice wagers will not count towards any rollover requirements.
If interested please Request an Invite at http://btcsportsbetting.com/requestinvite.htm
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