Topic: CoinBet Casino & Sportsbook - 125% Match Bonus plus March Madness Contest! - page 24. (Read 25128 times)

You got the free 50$ voucher? For me, after first bet, transaction page said withdrawal was possible, but after a few hours it updated with these details:

Wagering requirements for sports: 10x
Minimum odds for sports bets 1.8
Wagering requirements for casino: 20x
Wagering requirements left: 0 EUR (this isnt right obviously)

which sound reasonable to me.

How can you offer such a large bonus, particularly the free credit?  I will be happy, and pleasantly surprised I might say, to see if someone meets the rollover requirements and gets paid out.  Good luck!

Excuse me but something is fishy about this site. I requested a bitcoin withdrawal after placing a bet and I got an email back saying I had to meet rollover requirements. When I deposited it said nothing about voucher requirements, only rollover requirements if I took any bonuses. This is like a bait and switch in my eyes. Why can't I withdraw? It says nothing about voucher requirements and transaction page says I can withdraw!

There are no online gaming regulations to be in compliance with in Costa Rica or Ireland.

Unfortunately this is how it has to operate to be in compliance with gaming regulations and applicable law.

any tennis Australian open going to be available?

There's something funny about the live sportsbook betting.  I know sometimes the odds aren't up to date so I refresh and then I click to place the bet in the top right corner.  Then sometimes the odds update again up there.  The odds said 1.62 when I placed the bet but then they lowered to like 1.10 after the bet was confirmed.  This is something you probably want to work on for the site.

I'm not being a shill for the site but I do appreciate they're being upfront about how they are doing the BTC utilization.  I would like to hear if anyone's gotten any withdrawals though.  I hate depositing before I know I can get money if I win.

i agree just a gambling site not a bitcoin gambling site

Alright, at least I finally got an answer.  I would recommend against anyone depositing bitcoins on this site.  I would also recommend this whole thread be removed from the bitcoin section.  merely accepting bitcoin isn't reason to keep it here.


for those of you who dont understand, we all own bitcoins as both a currency and as a potential investment.  the investment part is whats relevant here because we all assume bitcoins will go up.   if you bet on an ACTUAL BITCOIN SITE you're using bitcoins and so you never lose a bitcoins as a part of an exchange process.

here at coinbet they're always converting at a daily rate back to your countries currency.  since bitcoins swing as much as 10% on an average day, 30% on a good day, and more importantly most of us assume they will go up in price it makes it a losing proposition to bet on this site.  

you basically have to beat 50/50 type casino games at a rate of higher than maybe 10-30%/day to overcome the exchange rate.

please dont use your bitcoins on this site.  not only does the casino have the edge, but now they're basically a store of bitcoin value as it rises returning your investment at a higher price (meaning fewer bitcoins).


*****to coinbet: you're basically completely worthless to the bitcoin community if you dont change your policy and i'm sure you either knew that going in (and were trying to capitalize on an ever increasing commodity) or you know that now and need to adapt****

please leave the bitcoin community alone until you come up with a system that doesn't rip off bitcoins value.

OP correct me if I'm wrong but I don't think that's what the website is saying.  I think it says it converts your BTC to dollars one time, when you sign up.  Then you have a dollar amount that won't change daily.  The only time it will change is when you cash out dollars into BTC.  So if you deposit 1 BTC and do nothing wiht it on the site for a week, and the price of BTC goes down, then you will get more BTC when you cash out.